Category: Trend
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Stacks (STX) Drops 23%, But Recent Devs Might Slow The Trend
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Amidst the hostile market environment, Stacks (STX) continued its decline as bears intensified the pressure. According to Queen GeckoThe token has fallen by almost 23% since last week, exacerbated by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies such as Bitcoin And…
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Stacks (STX) Drops 23%, But Recent Devs Might Slow The Trend
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Amidst the hostile market environment, Stacks (STX) continued its decline as bears intensified the pressure. According to Queen GeckoThe token has fallen by almost 23% since last week, exacerbated by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies such as Bitcoin And…
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Chart Art: Trend Continuation Trade On S&P 500 Index?
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US stock index S&P 500 tests technical support area ahead of key data releases this week! Will this week’s events contribute to extending the index’s upward trend? Or are the bears preparing for a hard landing? S&P 500 (SPX500) Daily Chart by TradingView A combination of concerns about global growth,…
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TA of the Day: Bitcoin Hits $70,000 But Reverses Sharply. A Minor Blip or a Major Trend Shift?
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Bitcoin price rose above $70,000 for the first time since early June, but was met with a wave of selling, causing it to fall by more than 3%. It is not yet clear what caused the price move, but it may be related to the US government’s transfer of more…
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Chart Art: Trend Continuation Setup For GBP/USD
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Cable is consolidating at a key support area ahead of potential catalysts this week. Will a bounce from the support zone help extend the GBP/USD uptrend? We are approaching the four-hour time frame for evidence: GBP/USD currency pair on 4-hour chart Chart by TradingView In case you missed it, easing…
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Chart Art: Bitcoin’s (BTC/USD) Trend Pullback Opportunity
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As we reported in today’s broad daily market summary, the U.S. Securities and Exchange Commission has approved six ETFs for Bitcoin (ETH), and they are set to begin trading as early as Tuesday. It is no surprise that Bitcoin is facing some downward pressure as traders consider the possibility of…
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TA of the Day: EUR/JPY Near Major Support. Will the Bullish Trend Hold?
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The EUR/JPY The currency pair, which has been one of the best performing pairs for bulls since the beginning of the year, is now facing a major challenge. ? With the price approaching the edge of an important dynamic support level, the question now is: will the bulls continue their…
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Chart Art: Trend Retracement Opportunity For WTI Crude Oil (USOIL)
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Earlier this week, US crude oil prices fell from the $84.40 area for the second time this month. Are Oil Prices Heading Down? Or Are Bulls Taking a Break? Crude Oil WTI (USOIL) 4 hours Chart by TradingView As we mentioned today Daily Market SummaryCommodities such as crude oil have…
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Solana-based memecoin Billy continues upward trend, soars over 44% days after listing
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Billy (BillySolana (SOL), a dog-themed coin on the blockchain, has surged over 44% in value in the past 24 hours. This rise is a continuation of the amazing performance achieved by the currency after its listing on several major cryptocurrency exchange platforms in June. According to the Daily HoddleBILLY has…
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Solana-based memecoin Billy continues upward trend, soars over 44% days after listing
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Billy (BillySolana (SOL), a dog-themed coin on the blockchain, has surged over 44% in value in the past 24 hours. This rise is a continuation of the amazing performance achieved by the currency after its listing on several major cryptocurrency exchange platforms in June. According to the Daily HoddleBILLY has…
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Chart Art: Trend Correction Levels on Gold (XAU/USD)
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Gold has just broken through the consolidation zone, but the question now is whether this breakout is legitimate or an illusion in the making? Where could the market move next either way? Take a look at these nearby inflection points. Gold (XAU/USD) 4-Hour Frame Chart by TradingView Watch out, gold…
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Here’s Why The Dogecoin Price Is Reversing Against The Bearish Market Trend
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Dogecoin price took an interesting turn in the last day, going against the bearish wave that destroyed the majority of the cryptocurrency market. Given that the meme coin is green at a time when the majority of the market is experiencing losses, this has led to speculation about what could…
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Here’s Why The Dogecoin Price Is Reversing Against The Bearish Market Trend
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Dogecoin price took an interesting turn in the last day, going against the bearish wave that destroyed the majority of the cryptocurrency market. Given that the meme coin is green at a time when the majority of the market is experiencing losses, this has led to speculation about what could…
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Fidelity’s FBTC Beats Grayscale’s GBTC in This Negative Trend
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Since mid-January, when the 11 Bitcoin ETFs saw the light of day, Grayscale-converted GBTC has been at the forefront of outflows. This eventually led to it losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. However, in the last two trading days of this week,…
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Fidelity’s FBTC Beats Grayscale’s GBTC in This Negative Trend
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Since mid-January, when the 11 Bitcoin ETFs saw the light of day, Grayscale-converted GBTC has been at the forefront of outflows. This eventually led to it losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. However, in the last two trading days of this week,…
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Chart Art: AUD/CHF’s Long-term Trend Support Levels
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AUD/CHF is having difficulty choosing a direction after taking a break from its uptrend. Is it because AUD/CHF traders are ready for a bearish reversal? Or can the Australian dollar bulls and franc bears extend the long-term trend? This is the pattern I’m looking at on the daily time frame:…
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BofA sees trend followers likely to sell USD this week By Investing.com
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Bank of America (BofA) has released a report predicting that commodity trading advisors (CTAs), known as trend followers, are expected to sell the US dollar (USD) in large quantities this week. The report notes that these traders are likely to buy the European Euro (EUR), British Pound (GBP), Australian Dollar…
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Chart Art: GBP/CHF Bullish Trend Pullback Zone
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The British pound pair broke the resistance level at 1.1450 but is now stopping near 1.1650. Is it time for a big correction? Take a look at the area of interest I am watching on the 4 hour time frame. GBP/CHF Forex 4 Hours Chart by TradingView Did you miss…
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AntPool mines 7 consecutive blocks, ‘centralization trend’ continues
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AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, raising concerns within the cryptocurrency community about the network’s security. This blockchain confirmed 20,686 transactions, resulting in over 23 bitcoins, worth approximately $1.54 million in revenue. The mining spree occurred between block heights 843,898 and 843,904,…
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AntPool mines 7 consecutive blocks, ‘centralization trend’ continues
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AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, raising concerns within the cryptocurrency community about the network’s security. This blockchain confirmed 20,686 transactions, resulting in over 23 bitcoins, worth approximately $1.54 million in revenue. The mining spree occurred between block heights 843,898 and 843,904,…