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theSignalyst
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Since you enjoyed my previous post about 3 altcoins to watch this weekend...
Here's an interesting one about OGs:
$LINK $
DOT
and $
HBAR
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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LINK
14.69
+6.52%
DOT
5.951
+15.41%
HBAR
0.08755
+18.37%
6.2k
0
Replies
1
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📈 $ETH is currently in a correction phase trading within the short-term channel in red. 📚 As it approaches the $2,800 zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
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The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower orange trendline. 📚 As per my trading style: As $BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
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📦 From a macro perspective, $BTC has been trading within the large channel highlighted in orange. The upper boundary of the channel intersects with the 80k round-number zone, which could serve as a strong area for the bears to initiate a correction.
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The $BTC market structure has been very clean lately, which I find interesting. 🔄If history repeats itself, and the current last major low marked in red is broken to the downside, we can expect another dip in #BTC towards the $69,000 - $70,000 demand zone.
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$ETH is currently hovering around the lower bound of its range in the shape of an ascending triangle. 📈As long as the lower red trendline holds, a continuation towards the upper bound of the triangle is expected.
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