#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.
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🚨Countdown Alert!!
Less than 4 hours until $JWIF Launches on leading🌐 Top-Tier exchange #MEXC!
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🔗BingX announcement link: https://bingx.com/en/support/articles/35807009874457/
Ⓜ️MEXC's countdown link: https://www.mexc.com/exchange/JWIF_USDT
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#S&P 500 ANALYSIS
The S&P 500 recently experienced a breakout from a classic cup and handle pattern, which is typically considered a bullish continuation signal.
As the index approaches a retest of this formation, it has also filled the CME gap. Currently, the 21MA is providing additional support just below the pattern's neckline.
A successful retest of the neckline could validate the breakout, triggering a strong bullish rally and indicating further upward momentum in the index.
This scenario could lead to increased buying interest and trading volume as investors look to capitalize on the continuation of the upward trend.
#ETH/USDT ANALYSIS
ETH is currently trading within a descending triangle pattern and is being rejected at the resistance trendline.
The Ichimoku Cloud above the current price action is acting as resistance, indicating bearish momentum. It is important to wait for a decisive breakout or breakdown for confirmation.
#USDT DOMINANCE ANALYSIS
USDT.D is bouncing off the support trendline of a rising wedge pattern. The 100-day moving average and the Ichimoku cloud are indicating bullish momentum, suggesting a potential bounce from the trendline.
However, 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.
Bitcoin Daily Active Entities, measured as clusters of addresses controlled by the same entity, fell 16% in Q2 2024. This metric helps gauge user adoption and network activity.
Читать полностью…🔥 As per the #Jerrywifhat official announcement, something HUGE is cooking behind the scenes for $JWIF!
#MEXC listing rescheduled to August 2nd, 14:00UTC! for this monumental reason: https://x.com/jerrywifcoin/status/1818577195826069710?s=46
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#US DOLLAR ANALYSIS
The US dollar has recently broken down from a symmetrical triangle pattern and is now trading within the Ichimoku cloud, with the 200-day moving average acting as support. A successful retest of the triangle's lower boundary could confirm a bearish trend. However, failure to retest may lead to further consolidation within the triangle.
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.
#DOGE/USDT ANALYSIS
DOGE is currently consolidating within a symmetrical triangle pattern, with recent rejections observed from the resistance trendline.
The 50-day moving average is acting as a barrier, while the 100-day moving average provides support below the price action.
To anticipate the next move for DOGE, it's advisable to await a definitive breakout or breakdown from the triangle pattern for confirmation.
#BTC/USDT ANALYSIS
Bitcoin has broken down the support trendline of the rising wedge pattern and is currently testing the Ichimoku cloud support level.
A breakdown from this level could lead to further market correction. Conversely, we might expect a bounce from the horizontal demand zone level.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is trading within a rising wedge pattern and is currently being rejected by horizontal resistance. The Ichimoku cloud is providing support below the pattern, while the 21MA is acting as resistance.
A sustained breakdown from the pattern would indicate a bearish trend in the crypto market. Conversely, a bounce from the support trendline could lead to further consolidation within the pattern.
Massive announcement in the history of #JWIF 👀
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Date: 11-August-2024 Sunday
Time: 4 PM GMT
Pairing: USDT
Exchange: MEXC
Advantage: Free For All
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#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.
#BTC/USDT ANALYSIS
Bitcoin is rebounding from the horizontal demand zone, where the 200 MA is providing support. Currently, the Ichimoku cloud is acting as resistance, indicating bearish momentum.
A breakout above the Ichimoku cloud barrier could lead to further upward movement, while a breakdown below the horizontal demand zone and 200 MA would signal a bearish trend.
#BingX will list $JWIF on 7th August, 14:00 UTC: https://x.com/BingXOfficial/status/1818972344729362851
$JWIF is unstoppable with back-to-back Top-Tier exchange listings, first #MEXC and now #BingX!
But wait, there's more – another Tier1 listing announcement is coming and partnership with Binance listed meme project will be revealed next week as per their official tweet: https://x.com/jerrywifcoin/status/1819055086230032483?s=46
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#BTC/USDT ANALYSIS
Bitcoin has broken down from a rising wedge pattern and has successfully retested the breakdown level. Currently, it is moving downward towards a horizontal demand zone where the 200 MA is acting as support.
We can expect a rebound from this demand zone level if it holds. However, if it breaks down through the demand zone, we may see further correction in the market.
The Fed announced that it will maintain the interest rate at 5.25-5.5%, in line with market expectations.
Читать полностью…#TRB/USDT ANALYSIS
TRB is currently consolidating within a descending channel, displaying signs of bullish strength. A breakout above the channel and the 50-day moving average could signal a strong bullish rally.
Conversely, it may also decline from the descending resistance trendline.
#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within an ascending channel and trading just above the support trendline. We can anticipate a bounce from this support level.
However, the Ichimoku Cloud indicates bearish momentum, acting as a resistance. A breakdown of the channel's support trendline could signal a shift towards a further downward trend.
Founder of BitClout charged with fraud and unregistered offering of crypto asset securities by the SEC
Читать полностью…🚨Countdown Alert! Less than 4 hours until $JWIF Launches on leading🌐 Top-Tier exchange #MEXC !
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#JWIF/USDT is going to list on leading Top-Tier exchange #MEXC Today at 13:00UTC🚀
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Bitcoin Spot ETF Balances now exceed $50B in AUM since their January 2024 launch, marking the most successful ETF debut in history. This chart shows the daily balances of the top US-traded Bitcoin ETFs.
Читать полностью…