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#Crypto #Alts Here Is My Point Of View For Crypto/Bitcoin Currently In Late 2019/ Early 2020 Type Consolidation Market Is Moving Within Same Descending Broadening Wedge In 19-20 After Breakout Market Moves 900%+ Expecting Same Move After Breakout All We Needs To Do Wait Patiently & Try To Accumulate More Solid Projects If You Can Thats What Im Doing Here✍️
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$BTC If You Have Basic Technical Analysis Knowledge Then You Can Easily Understand This Chart Currently #Btc Consolidating Within Descending Broadening Wedge & It May Test Lower Line 53k Area Before Breakout However Real Bullish Rally Will Only Start After Consolidation Breakout And #Alts Will Follow Bitcoin Too ✅ #Crypto #Btc
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$IMX Formed Descending Channel In Daily Timeframe Expecting Successful Breakout Soon Incase Of Successful Breakout Expecting Move Towards Recent Highs Send It Towards 4$ #Crypto #Imx
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#Crypto #Alts Conventional Technical Analysis Wisdom Suggests That Markets Rarely Move In Straight Lines, Instead Exhibiting Complex Patterns Like Higher Highs And Higher Lows (Uptrend), Lower Highs And Lower Lows (Downtrend), Consolidations (Sideways Movement), And Breakouts (Sudden Price Movements). Your Observation About The Altcoin Market Cap Chart Is Insightful, Noting The Consolidation From April To October Last Year Led To A Breakout And Significant Gains. Similarly, The Current Descending Broadening Wedge Pattern Is Comparable To A Bullish Pennant, Indicating A Potential Breakout Soon. If Successful, This Breakout Could Propel The Entire Altcoin Market Towards New All-Time Highs.
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$XRP has finally received clearance from the SEC after a prolonged legal battle, paving the way for significant price appreciation. From a technical standpoint, XRP is exhibiting remarkable strength, consolidating within a multi-year symmetrical triangle formation. This pattern suggests a high-probability breakout, which could unleash a massive bullish wave, potentially propelling the price towards $3 or higher in the coming months. Key factors supporting this breakout scenario include: - Increasing buying pressure - Improving market sentiment - Strengthening technical indicators - Favorable chart patterns A confirmed breakout would likely attract significant investment flows, further fueling XRP's ascent. Keep a close eye on XRP's price action, as a successful breakout could mark the beginning of a substantial bull run #Crypto #Xrp
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