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Harmonic Patterns

#ZIL Gears Up for a Bullish Breakout: Key Levels to Watch!The digital currency ZIL is poised to initiate an upward trend soon. Based on the weekly chart, the price is expected to first reach the range of $0.035 to $0.044 and test its long-term descending trendline. Typically, I do not anticipate a breakout of the trendline on the first attempt; therefore, after ascending to the aforementioned levels, a price correction toward the $0.025 area is likely. Following the necessary consolidation period, sharp bullish movements can be anticipated. This is merely a personal perspective and should not be construed as a recommendation for trading positions. Please remember to show your support. I will respond to comments.
Long
by shamanica
Why DOT +20%, next month ?Polkadot (DOT) is a blockchain protocol designed to enable different blockchains to interoperate and share information securely. It was created by Dr. Gavin Wood, a co-founder of Ethereum, and aims to solve issues related to blockchain interoperability, scalability, and security. DOT is the native cryptocurrency of the Polkadot network, and it serves multiple purposes, including network governance, staking, and bonding for creating new parachains (parallel blockchains). Why DOT Might Increase by 20% in the Next Month: Parachain Auctions and Deployments: Polkadot's unique architecture allows multiple blockchains (parachains) to run in parallel and interoperate. If significant parachain auctions or deployments are planned, investor interest in DOT could spike as more projects build on the Polkadot network, leading to increased demand for DOT. Ecosystem Growth: Polkadot's ecosystem has been expanding rapidly with new projects, decentralized applications (dApps), and partnerships. A surge in ecosystem activity could lead to a higher demand for DOT, driving up its price. Staking Rewards: DOT holders can stake their coins to support network security and earn rewards. As staking continues to be an attractive option for investors seeking passive income, demand for DOT could increase, pushing its price higher. Market Sentiment: Positive market sentiment and broader cryptocurrency market rallies often influence the price of major altcoins like DOT. If the overall market trends upwards, DOT could benefit from this momentum. Technical Indicators: If DOT shows bullish technical indicators such as a breakout from a key resistance level or positive momentum on the charts, traders might anticipate further gains, leading to a price increase. Regulatory Clarity: If there is positive news regarding cryptocurrency regulations that favor blockchain projects or improve market conditions, DOT could see a significant price increase. While these factors could drive DOT’s price up by 20% or more, it's essential to remember that cryptocurrency markets are highly volatile, and predictions can be uncertain. Always do thorough research and consider the risks before making investment decisions.
Long
by MiguelFTCurado
2
GOLD INTARDAY CHART UPDATESThe gold market is currently in a consolidation phase, with prices trading within a narrow range. Investors are carefully monitoring key economic indicators, including inflation data, interest rate expectations, and geopolitical developments, to gauge the metal's next trajectory. Amid uncertainty in broader financial markets, gold remains a focus for those seeking a balance between safe-haven assets and potential volatility. Analysts suggest that a breakout could occur soon, depending on upcoming macroeconomic events and shifts in market sentiment.
OANDA:XAUUSD
by SadarExplore
BTC dominance breaking 2 years support!!Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Let's analyse BTC dominance: BTC Dominance appears to be on the verge of breaking a key 24-month support trend line. This could signal a potential reversal in the current trend, leading to a decline in BTC dominance. Historically, the year following a Bitcoin halving event has often been associated with ALTcoin season year where Altcoins outperform Bitcoin. Additionally, RSI for BTC.D also seems to be breaking its support level, further indicating a potential bearish trend. Key Levels: Support: 56.77% Resistance: 60.52% A breakdown below the support level could potentially trigger a significant shift in market dynamics, favoring altcoins over Bitcoin. If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
CRYPTOCAP:BTC.DShort
by persis10t
ZKJ/USDTBYBIT:ZKJUSDT "ZKJ 💰 currently has a market cap of $96.59M. The price is at 1.3967 📉, which is a resistance zone 🚧. Resistance levels are areas where the price may struggle to move higher because sellers often step in at these points, causing a potential price reversal or stall. If the price manages to break above this 1.3967 level 🚀, we could see the next resistance levels at **1.5672** 📈, **1.6839** 💥, and **1.845** ⚡. These are areas where the price might face further selling pressure, which could slow or stop the upward movement. However, if the price doesn't break through the resistance zone and starts to fall 📉, support levels are crucial. The support levels at **1.300** 💪 and **1.200** 🔽 are points where the price could find buying interest, helping to prevent further declines. Support is like a "floor" where the price tends to stop falling and potentially bounces back up. It's important to watch how the market reacts around these levels, as a break above resistance or a bounce off support can signal the next move. Remember, price action is unpredictable, and market conditions can change quickly! 🧐 Not financial advice! ⚠️ Stay informed and manage risks wisely."
by Wolftrader1337