#WIF/USDT ANALYSIS
WIF is currently consolidating within a descending channel and rebounding from the support trendline. The Ichimoku cloud is acting as a resistance barrier above the current price action. A strong breakout from both the channel and the Ichimoku cloud would indicate a bullish trend.
#BTC/USDT ANALYSIS
Bitcoin is currently trading within a rising wedge pattern. It is rebounding from the support trendline of the wedge, with the Ichimoku cloud providing support and indicating bullish momentum.
However, the 100MA moving average is acting as a resistance barrier above the current price action. We should wait for a decisive breakout or breakdown to confirm the next move.
JUST IN: BlackRock spot #Bitcoin ETF IBIT did $1.23 BILLION in trading volume today.
Читать полностью…Binance has challenged a nearly $86 million tax penalty notice issued by India’s tax department DGGI for fees collected from Indian customers between July 2017 and March 2024. DGGI is an agency responsible for indirect tax evasion intelligence and is part of the Indian Ministry of Finance.
Читать полностью…#US DOLLAR ANALYSIS
The US dollar has recently broken down from a symmetrical triangle pattern and successfully retested it. Currently, it is moving downward, and the Ichimoku cloud is also showing bearish momentum. We can expect further downward movement.
It's crucial to consider the inverse relationship between the US dollar and the cryptocurrency market. As the US dollar weakens, cryptocurrencies often experience upward movement, indicating potential gains for digital assets in the near future.
#MATIC/USDT ANALYSIS
MATIC is consolidating within a descending triangle and is currently trading within a horizontal demand zone. We can expect a potential bounce from this demand zone.
However, the Ichimoku cloud is acting as a resistance, indicating that caution is needed. It's essential to wait for a clear breakout or breakdown to determine the next move.
#BTC/USDT ANALYSIS
Bitcoin is experiencing a rebound from the support trendline and horizontal demand zone following a strong rejection at the resistance trendline of the descending broadening wedge pattern. This price movement suggests that Bitcoin is finding stability above the crucial demand zone and the pattern's support trendline.
The 200-day moving average is currently providing robust support just below this demand zone, bolstering the bullish sentiment. However, the 100-day MA is posing as a resistance level, which could challenge the upward momentum.
Despite this resistance, the overall technical indicators and market conditions suggest the potential for a strong bullish rally in the crypto market, as investors and traders remain optimistic about Bitcoin's capacity to break through these barriers and sustain an upward trajectory.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is experiencing a downward movement following the breakdown of a rising wedge pattern. The Ichimoku cloud is acting as resistance above the price action.
Currently, the market cap is trading above a horizontal demand zone, where we can expect a potential bounce. However, if it breaks down below this demand zone, further correction in the market is likely.
#DYDX/USDT ANALYSIS
DYDX is currently trading within a major horizontal demand zone after a strong rejection from the resistance trendline. The 21-day moving average is acting as resistance.
We can expect a potential bounce from this key demand level. However, if DYDX breaks down below the horizontal demand zone, we could see it reach new lows.
Daily active addresses on Ethereum and leading L2s have increased by 127% this year. This metric measures the number of distinct addresses interacting with the chain, indicating user base growth.
Читать полностью…#XRP/USDT ANALYSIS
XRP is currently consolidating within a symmetrical triangle pattern. It is facing rejection from the trendline of the triangle, with the Ichimoku cloud also acting as a barrier.
We should wait for a decisive breakout or breakdown to confirm XRP's next move.
#BTC/USDT ANALYSIS
Bitcoin is currently facing rejection from the resistance trendline of its channel and is trading within the Ichimoku cloud. We might anticipate a bounce from this level. However, if Bitcoin breaks below the Ichimoku cloud, further market correction could occur.
Long-term investors currently hold 45% of the network wealth, which is relatively elevated compared to near macro cycle topping events.
This underscores that LTHs hold the coins in HODL mode and are arguably patiently waiting for higher prices to divest into market strength.
Less than 25 minutes until $JWIF Launches on leading🌐 Top-Tier exchange #MEXC!
Jump in now as we’re expecting massive pump from $JWIF upon #MEXC listing today🚀✌️
🥞PancakeSwap buy link: https://pancakeswap.finance/swap?outputCurrency=0xf94e94a6c5001886818def76097a0fd1ed049ba5
🚀 Countdown Alert! Less than 4 hours until $JWIF Launches on BingX! 🌐
$JWIF is heavily undervalued and we’ve seen a lot of accumulation from whales in last 2-3days. Jump in now as we’re expecting massive pump from $JWIF upon BingX listing today🚀✌️
Check out the full information on BingX official announcement : https://bingx.com/en/support/articles/35807009874457/
☑️ Currently available on MEXC & PancakeSwap DEX
☑️ Tier1 listing and Partnership with binance listed meme project in pipeline : https://x.com/jerrywifcoin/status/1819055086230032483?s=46
☑️ MEXC buy link: https://www.mexc.com/exchange/JWIF_USDT
☑️ PancakeSwap buy link: https://pancakeswap.finance/swap?outputCurrency=0xf94E94a6c5001886818DEF76097A0Fd1ED049ba5
#USDT DOMINANCE ANALYSIS
USDT.D is trading within a symmetrical triangle on the weekly timeframe. It is currently facing rejection from both the Ichimoku cloud and the triangle's resistance trendline. The Ichimoku cloud acts as a resistance barrier above the price action, indicating bearish momentum.
A breakdown of the pattern would signal a bearish trend. It's important to note that USDT.D typically moves inversely to the broader crypto market.
#NOT/USDT ANALYSIS
NOT is currently rebounding from the horizontal demand zone within a descending triangle pattern.
The Ichimoku cloud is serving as a resistance above the descending trendline. We should wait for a decisive breakout or breakdown to confirm NOT's next move.
#BTC/USDT ANALYSIS
Bitcoin remains within a descending broadening wedge pattern after sweeping liquidity below it. Currently, it is rebounding off the support trendline.
The 200 MA and the Ichimoku Cloud are both serving as resistance above the current price action. A solid breakout from the pattern is anticipated soon, which could lead Bitcoin to reach a new high.
Binance Spot and Margin to Postpone Trading System Upgrade (2024-08-06)
https://www.binance.com/en/support/announcement/e6ba732915584ef494a735d66f1eacd5
In the past 24 hours , 2,13,305 traders were liquidated , the total liquidations comes in at $827.23 million
Читать полностью…#Bitcoin miner hashrate is rebounding, reaching 604 EH/s, a 6% increase since July 9.
$BTC hashrate is now less than 2% from all-time highs.
#BTC/USDT ANALYSIS
Following the breakdown of the rising wedge pattern, the price has experienced a downward movement and is currently trading below the Ichimoku Cloud, indicating a potential for further decline.
The presence of a CME gap between the 60,845 and 58,790 levels suggests that the market may seek to fill these gaps before establishing a new direction.
Historically, once such gaps are filled, the market often experiences a reversal, which in this case could lead to a strong bullish rally.
#QNT/USDT ANALYSIS
QNT is rebounding from the support trendline of a descending channel and is currently trading in the middle of the channel.
The 50-day moving average is acting as resistance above the channel. A decisive breakout from the channel would indicate a potential bullish trend.
💥Exciting news, dear members! In response to Massive demand from our community, we're thrilled to announce that our next 50X-100X Mega Pump Signal will be hosted at MEXC. Get ready to ride the wave of opportunity with us💥
Date: 11-August-2024 Sunday
Time: 4 PM GMT
Pairing: USDT
Exchange: MEXC
Advantage: Free For All
With the success of our previous big pump signals #YOLO (3200%) #VTS (3500%) #FRTN (6500%) #JET (+10600%) on MEXC, which remained in the "Top Gainers" for over 24+ hours. we are ready to announce our next big signal on MEXC.
There is very little hidden sell pressure in the orderbooks and we believe that with our massive buying power we will be able to reach 50X-100X easily possibly even more. we have decided to schedule our next signal in 8 days to make sure that we are fully prepared. Our main goal for this pump signal will be to make sure that every single member in our group makes a massive profit. With our ability to keep creating the most powerful and biggest pumps , we will take every opportunity we can get. We welcome everyone to join us as we create the next big pump all traders and investors all over the world have been waiting for.
Get ready for the biggest event in our group's history! we are targeting 50X-100X gains. This one is set to outshine all our past successes in terms of percentage gain as More than 1Million active participants are ready to take advantage of this Mega event! Our team is continuously scanning all promising coins available in the market and we've got some absolute gems💎 which are absolutely ready to make waves in the market which you had never witnessed till now🚀🚀
Stay tuned for upcoming instructions to ensure all our members are geared up for MEXC. Get prepared for the pump of a lifetime✌️
#BTC DOMINANCE ANALYSIS
BTC.D is consolidating within a rising wedge pattern, with the Ichimoku cloud providing support below the current price action. We should wait for a confirmed breakout or breakdown to determine the next move.
A breakout from the wedge could indicate further declines in altcoins. Conversely, if BTC.D breaks down from the wedge and successfully retests it, we can anticipate a bullish rally in the altcoin market.
Morgan Stanley tells wealth advisors they can pitch Bitcoin ETFs in a first for major Wall Street firms
Читать полностью…#IOTX/USDT ANALYSIS
IOTX is consolidating within a descending channel and is currently facing rejection from the channel's resistance trendline. The 200-day moving average is also acting as a resistance barrier. We should wait for a confirmed breakout or breakdown to determine the next move for IOTX.