#Educational
Cup and handle
The cup and handle pattern is a bullish continuation pattern that is used to show a period of bearish market sentiment before the overall trend finally continues in a bullish motion. The cup appears similar to a rounding bottom chart pattern, and the handle is similar to a wedge pattern.
Following the rounding bottom, the price of an asset will likely enter a temporary retracement, which is known as the handle because this retracement is confined to two parallel lines on the price graph. The asset will eventually reverse out of the handle and continue with the overall bullish trend.
Cup and handle
The cup and handle pattern is a bullish continuation pattern that is used to show a period of bearish market sentiment before the overall trend finally continues in a bullish motion. The cup appears similar to a rounding bottom chart pattern, and the handle is similar to a wedge pattern.
Following the rounding bottom, the price of an asset will likely enter a temporary retracement, which is known as the handle because this retracement is confined to two parallel lines on the price graph. The asset will eventually reverse out of the handle and continue with the overall bullish trend.
#Aptos has formed a descending channel. It now has support at $12.9-13.3, which, if maintained, will advance to the top of the channel and can break through the $14.3-14.7 resistance.
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Most of the people in the market copy our free signal and post in their “PREMIUM GROUPS”
Instead of wasting money on fraudulent paid services the same amounts can be used to invest in the markets.
We provide high Accuracy signals at free of cost, we believe in the free resources.
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#DAO after reaching the support and breaking the downward trend line, the price was able to grow well. Now it has formed a triangle pattern, after going up, it can grow well.
#INJ fell easily. Currently, the price is testing the $3.4-$3.5 zone as resistance, which could be a potential opportunity to scale up, consider it accordingly.
🇧🇷 Brazil’s oldest bank allows residents to pay their taxes using #crypto
#Educational
Descending triangle
A descending triangle signifies a bearish continuation of a downtrend. Typically, a trader will enter a short position during a descending triangle – possibly with CFDs – in an attempt to profit from a falling market.
Descending triangles generally shift lower and break through the support because they are indicative of a market dominated by sellers, meaning that successively lower peaks are likely to be prevalent and unlikely to reverse.
Descending triangles can be identified from a horizontal line of support and a downward-sloping line of resistance. Eventually, the trend will break through the support and the downtrend will continue.
Descending triangle
A descending triangle signifies a bearish continuation of a downtrend. Typically, a trader will enter a short position during a descending triangle – possibly with CFDs – in an attempt to profit from a falling market.
Descending triangles generally shift lower and break through the support because they are indicative of a market dominated by sellers, meaning that successively lower peaks are likely to be prevalent and unlikely to reverse.
Descending triangles can be identified from a horizontal line of support and a downward-sloping line of resistance. Eventually, the trend will break through the support and the downtrend will continue.
Consumer Federation of California reattempts to regulate #crypto companies
Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation.
Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation.
#Bitcoin could hit $10M in 9 years but more sidechains needed : Blockstream CEO
If Back and Finney’s $10 million price prediction becomes true, the BTC market cap will reach approximately $200 trillion.
If Back and Finney’s $10 million price prediction becomes true, the BTC market cap will reach approximately $200 trillion.
🇺🇸U.S. Economic Data This Week:
CPI Inflation (Tues.)🔥
Retail Sales (Wed.)
Ny Fed Manufacturing Index (Wed.)
PPI Inflation (Thurs.)
Philly Fed Manufacturing Index (Thurs.)
Jobless Claims (Thurs.)
Housing Starts (Thurs.)
CPI Inflation (Tues.)🔥
Retail Sales (Wed.)
Ny Fed Manufacturing Index (Wed.)
PPI Inflation (Thurs.)
Philly Fed Manufacturing Index (Thurs.)
Jobless Claims (Thurs.)
Housing Starts (Thurs.)
#Educational
Relative strength index (RSI)
RSI is mostly used to help traders identify momentum, market conditions and warning signals for dangerous price movements. RSI is expressed as a figure between 0 and 100. An asset around the 70 level is often considered overbought, while an asset at or near 30 is often considered oversold.
An overbought signal suggests that short-term gains may be reaching a point of maturity and assets may be in for a price correction. In contrast, an oversold signal could mean that short-term declines are reaching maturity and assets may be in for a rally.
Relative strength index (RSI)
RSI is mostly used to help traders identify momentum, market conditions and warning signals for dangerous price movements. RSI is expressed as a figure between 0 and 100. An asset around the 70 level is often considered overbought, while an asset at or near 30 is often considered oversold.
An overbought signal suggests that short-term gains may be reaching a point of maturity and assets may be in for a price correction. In contrast, an oversold signal could mean that short-term declines are reaching maturity and assets may be in for a rally.
#Solana
It has formed a bearish channel and is at the support of $20.00-20.50. The continuation of negative news in the market will cause the support to fail and the price will reach 18$ .
It has formed a bearish channel and is at the support of $20.00-20.50. The continuation of negative news in the market will cause the support to fail and the price will reach 18$ .