Traders lose their money while resisting the trend 👊 If the market is trending up, stop short selling as if it were a hobby ⛔️ Follow the momentum, ride the wave, and exit before it breaks 🤫 You don't need to predict, just go with it 🌊
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The ACHUSDT pair has already broken out of the ascending triangle pattern, which is a bullish signal. So, we're expecting a significant price surge based on this pattern, and it's advisable to keep an eye on it. $ACH
ETH/USDT - Technical Analysis Ethereum is currently undergoing a complex structural shift. After a strong bounce from a solid support level (supply zone) near 2410, we are witnessing a tussle between local buyers and the overall bearish trend.
Key Technical Insights:
Order Flow: The main trend remains bearish after a noticeable change in market structure (CHoCH). However, we are currently seeing a local corrective bounce.
Support and Demand: The price is currently hovering above a local demand zone (the blue block). We recently observed a break of structure (BOS) to the upside on a shorter timeframe, indicating a temporary recovery.
Liquidity Targets: In the case of an upward move, the immediate attraction lies in the internal supply around 2340. Conversely, if we see a downward move, the ultimate target remains the weak support level at 2220, which has significant sell liquidity.
📊 Market Overview: The current price movement at 2297.7 indicates a neutral bullish trend in the short term. We anticipate a potential retest of higher supply zones before the bearish trend resumes, targeting lower liquidity levels. $ETH
Reuters: According to Reuters, Nobitex, the largest crypto exchange in Iran, has ties to a powerful political family.
Key points:
• Announced user base: 11 million users • Processed transaction volume: up to 11 billion dollars • Allegations of connections to financial flows linked to the Iranian Revolutionary Guard
The exchange denies any connections to the government or knowledge of any illicit activities.
With no current sanctions from the U.S. or its allies, the geopolitical landscape and infrastructure for cryptocurrencies are becoming increasingly significant.$USDC