#PYTH/USDT price is testing the 1.618 Fibonacci level at the $0.65 mark. At the same time, the upward trend forms two parallel boundary lines, forming an upward channel shape, which controls the upward trend.
The altcoin declined within the channel to test the bottom support trendline as supply increased towards $0.65. PYTH price action resulted in multiple candlestick price rejections lower, anticipating a high probability of a bullish reversal. Currently, PYTH price is trading at $0.56, showing minimal intraday moves after a late-night recovery. Additionally, buyers plan morning star patterns at the baseline to increase reversal opportunities and momentum.
Technical indicators:
DMI: The decline in the ADX line coincides with a pullback phase and brings the VI line closer to a crossover. However, a Morning Star-led reversal opportunity could soon return the DMI indicator line to a bullish position.
It is a risky trade taking into account the current overheated state of market, but can’t ignore the setup. Broke the historical trend line and taking hold above horizontal $7.1 level.
SHORT #GALUSDT from $3.3206 stop loss $3.3397 $GAL
5m TF. The instrument moves in a local downtrend in the form of a triangle with decreasing highs along the trend line, which indicates the strength of sellers. There is also an uncapped imbalance, which is located behind the local support level. In a few touches to the level, I expect to see the feet of the participants behind it, due to which the imbalance will be blocked.
I am waiting for the formation of a trade near the level and activity in the glass before the movement.
#JASMY/USDT alleged insider info: "You can expect Jasmy to hit 3$ BEFORE the halving because of what just happened in Japan." When asked why? The answer was: Our (Japan) government decisions made yesterday were long waited and made this coin fly sky high!" Can't disclose sources so dont bother....google the coin yourself, its easy enough to see the winner.
$LPT surged by 80% , breaking the crucial $10 resistance for the first time in over a year. This significant move indicates strong bullish momentum.
Key Observations: Major Breakout: Overcoming the $10 mark and a major trendline signals a positive shift in market sentiment. Support Level: The $10 threshold, once a stiff resistance, now serves as key support. Its role is crucial for future price movements.
Forward Look: Bullish Scenario: A daily close above $10, holding this level as support, could lead to further gains. It suggests a strong market position for $LPT , potentially opening up opportunities for long positions.
Bearish Warning: If $LPT falls back below $10, it might indicate a false breakout, risking further declines. This scenario calls for caution and possible reassessment of positions.
Advice: Market conditions are volatile. Keep an eye on the price action around the $10 support. Conduct thorough research (DYOR) before making any trading decisions.
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🔍Lately I've been looking for coins with great upside potential, and I found this little gem. The coin is #FXS/USDT , looking at the chart of this coin, we can see that it has been accumulating for a long time and has not had any big rise.
🔗It has a resistance line at $10,745 and $11,955. Passing these lines you will have no difficulty rising to $20-24. And in case it breaks the third resistance line, it can easily rise to $38. All this means that your time may come for 📈