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Reading: The technical formation in the graph is concerned, is it a big decline in crypto currencies?
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EdaFace Newsfeed > Latest News > Technical Analysis > The technical formation in the graph is concerned, is it a big decline in crypto currencies?
Technical Analysis

The technical formation in the graph is concerned, is it a big decline in crypto currencies?

vitalclick
Last updated: January 28, 2025 8:30 pm
2 hours ago
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Crypto Coins Although it seems to be rising in the last 24 hours, they have not yet been able to compensate for their damages. Trump took office and began to take the steps he had to take about crypto coins. Nevertheless, why does the crypto not rise? Just like ETF approval, it looks like a 16 percent decrease and the repetition of history is annoying in the short term. Now let’s look at the expert comments.

How many dollars will Ethereum fall?Bitcoin (BTC)

How many dollars will Ethereum fall?

Ether For a long time, you can even see comments that he died on social media. According to the market value that could not hold over $ 3.410 for months, the largest subcoin font finds buyers in $ 3.158. Worse, the following technical formation says there is a risk of deeper correction.

The structure, which is noted by Ali Charts, is an issue that many investors discuss.

“This head and shoulder model in ETH is becoming extremely popular. If the formation persists, any decrease in $ 2,900 may have an opportunity to purchase, but keep your stop-loss in the range of $ 2,700 to $ 2,500. ”



If Kyle Eth He drew attention to his reserves.

“The ETH reserves on the spot exchanges reached the summit during the 2018 bull run and increased again with Defi’s rise in 2020-2021. However, the reserves have fallen since 2022 and until 2024, it has reached a low level.

With the reduction of supply, upward price pressure occurs; Future gains can only be a matter of time. “

Bitcoin (BTC)

BTC is located at 102.665 dollars at the time of the preparation of the article and the volume of transaction weakened according to yesterday. BTC’s continuous ups and downs and every fall subcoins The fact that he was turning into a blood lake gave birth to an atmosphere similar to depression in November 2022. If those who sell delegates use enough leverage ratio, they easily earn money after each rise. This is morale.

Daan Crypto Trades says the trend is still going on until the rise market structure disappears and will rise further over time. The analyst said that focusing on short -term time periods is the worst thing in the bull trend shared the following graph.



Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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