The price dropped down after accumulation in the 1st Triangle.
It's possible will be the second drop after the 2nd accumulation.
The target will be near the Support Level 194.50.
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Now, there are three reasons why you need to get into bitcoin today:
The country’s banking system had been battered by bad loans. In order to save the banks, the government confiscated as much as 47% of people’s wealth via so-called “bail-ins.”
As a result, people scurried to move their money outside traditional currencies... and bitcoin soared.
1.Tight supply –...
#Crypto #Bullrun2020 - this is the same Double bottom idea that I had posted back in September 2019 however due to rules violation it was hidden for the masses, My bad!!
alright so it's simple pattern Double bottom, one of my favorite, as you can see back in...
Dear ladies and gentlemen,
today wewouldliket provide long-term analytics of the eth/usd pair. At the moment, trendline and momentum strategies show a downtrend and short sales. In the current situation, we consider 3 price levels that will potentially become a support level for future accumulation. For each of the levels, the extreme dates of the crossing of the...
The Fibonacci Retracements are from the 2018 dump in July, 2018.
After capturing the 38% retracements Support, it consolidated for a while, and then sprung to above 300 euros. However, that was also aided by the BTC parabola. Now, it is consolidating just below the 50% retracement after the dump the past Wednesday. Extracting the bullish fractal from the 38%...
Finally some great days for the crypto markets, we didn't see two consecutive weeks without a big dump for a long time.
Briefly, what's going on Ethereum right now?
As we have seen the bull flag configuration leading to big gains in the past week, should we expect the same behaviour?
Well, the two flags are similar, and as you can see they already produced same...
. BasicAttentionToken/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. There is a possibility of temporary retracement to suggested support zone (0.00093100 to 0.00082500). if so, traders can set orders...