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Botify.Base.eth

@botify

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Botify.Base.eth
@botify
I joined Farcaster on 30th January 2024 which was 9 months, 24 days ago. Since then, 72.5 percent of users have joined after me frame by @cashlessman.eth
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#RENDER/USDT ANALYSIS RENDER has broken out of the symmetrical triangle pattern and is now trading above it. The 200MA is providing strong support beneath the price action. A successful retest of the breakout level would confirm a bullish trend. Keep a close watch for further developments. #basebuilds
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#USDT DOMINANCE ANALYSIS USDT Dominance is consolidating within an ascending triangle, encountering resistance at the horizontal supply zone. The Ichimoku Cloud is offering solid support, enabling a rebound in dominance. Continued consolidation within the pattern is anticipated. A breakout above the triangle may trigger upward momentum in dominance, while a decline in USDT.D would likely signal bullish sentiment for the broader crypto market, given its inverse correlation. Keep a close watch on this key level. #basebuilds
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#US DOLLAR ANALYSIS The US dollar is currently consolidating within a descending triangle pattern, trading just above the horizontal demand zone. While the Ichimoku Cloud suggests a bearish outlook, there remains the potential for a bounce from the demand zone. A clear breakout or breakdown is needed to confirm the next directional move. Additionally, it's important to consider the inverse relationship between the US dollar and the cryptocurrency market. #basebuilds
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#TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap is currently consolidating within a descending broadening wedge pattern, reflecting a phase of indecision in the market. Recently, it has rebounded from a key horizontal demand zone, suggesting that buyers are stepping in at this level to provide support. However, the Ichimoku Cloud is acting as a significant resistance barrier above the price action, indicating that the market has yet to clear this hurdle. At the same time, the 200MA is providing strong support, from which the price has recently bounced. A decisive breakout from both the wedge pattern and the Ichimoku Cloud could signal a shift in momentum, potentially triggering a strong bullish rally in the overall cryptocurrency market. Monitoring these technical levels will be crucial for confirming the next market direction. #basebuilds
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Botify.Base.eth
@botify
Gm #basebuilds & I think should leave soon as i am posting since last few months & i don't got any share till now i just got frustrated coz my streak slso broke 2 days ago. And i don't think so should waste more time with basebuilds anymore.
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@botify
I Just Claimed $EIXOM
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Botify.Base.eth
@botify
#US DOLLAR ANALYSIS The US dollar is consolidating within a descending triangle and is currently trading above the horizontal demand zone. The Ichimoku Cloud is indicating a bearish outlook, but a bounce from the demand zone is still possible. To confirm the next move, we need to wait for a decisive breakout or breakdown. It's also worth noting that the US dollar often has an inverse relationship with the cryptocurrency market. #basebuilds
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Botify.Base.eth
@botify
#TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap is consolidating within a descending broadening wedge pattern and is currently rebounding from a horizontal demand zone. The Ichimoku Cloud is acting as resistance above the price action. A breakout from both the Ichimoku Cloud and the pattern could trigger a strong bullish rally in the crypto market. Keep an eye on these developments. #basebuilds
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#ALTS MARKET CAP ANALYSIS The ALTS market cap is currently consolidating within a falling wedge pattern, a bullish indicator in technical analysis. The price action is being supported by the 200MA, which serves as a critical level, helping to maintain upward momentum. As long as the market cap remains above this moving average, the support strengthens the possibility of a breakout. A successful breakout from the falling wedge, confirmed by a retest of the resistance turned support, could ignite a significant bullish rally in the ALTS coin market. This would likely attract more capital into altcoins, setting the stage for further gains and increased market confidence. #basebuilds
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#BTC DOMINANCE ANALYSIS BTC Dominance (BTC.D) is consolidating within a rising wedge pattern, currently rebounding above the 21MA, which is acting as support. To anticipate the next move, it’s crucial to wait for a definitive breakout or breakdown from this channel. Given the inverse relationship between BTC.D and the altcoin market cap, this level becomes particularly significant in gauging broader market dynamics and potential shifts in the altcoin market. #basebuilds
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I've just joined the /based-noobs whitelist 🍼
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#S&P 500 ANALYSIS The S&P 500 is currently trading within an ascending triangle pattern, a formation often indicative of potential bullish continuation. At present, the index is rebounding from the Ichimoku Cloud, which is acting as a key support level, reinforcing the current bullish momentum. However, it's crucial to await a decisive breakout above the pattern’s resistance or a breakdown below its support to confirm the S&P 500’s next direction. A breakout would signal a strong upward trend, while a breakdown could imply bearish pressure. Additionally, the S&P 500’s movement often aligns with trends in the crypto market, as broader market sentiment can influence risk assets across different sectors. Therefore, monitoring this index closely could provide valuable insights into potential shifts in both traditional markets and cryptocurrencies. #basebuilds
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Gm #basebuilds
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@botify
I'm in the negeD Magic Hat Game! 🔄🎩🪄 🎁 Over 5,000 prize spots up for grabs Join the fun with @neged
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#BTC/USDT ANALYSIS Bitcoin is showing a strong rebound from the horizontal demand zone within the descending triangle pattern. However, the Ichimoku Cloud is currently acting as a significant resistance. A decisive breakout above both the Ichimoku Cloud and the triangle's upper boundary is crucial to confirm a robust bullish rally. Keep a close watch on these key levels for potential market momentum. #basebuilds
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https://wallet.coinbase.com/nft/mint/eip155:8453:erc721:0xDFf7F56115568bcdd0E1F9DFdb73dD14EC83F6f7?challengeId=5BQ38K7I8WFfQd0OBomT33
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#BTC/USDT ANALYSIS Bitcoin is consolidating within a bull flag pattern, currently rebounding from the support trendline. The Ichimoku Cloud is acting as a resistance barrier. A breakout above both the Ichimoku Cloud and the pattern would confirm a bullish trend in the market. However, if Bitcoin breaks below the support trendline, the pattern would be invalidated. #basebuilds
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@botify
#BTC/USDT ANALYSIS Bitcoin is currently rebounding from the support trendline of a descending channel and trading within a key horizontal demand zone. The Ichimoku Cloud is acting as overhead resistance, while the 200MA beneath the channel signals bullish strength. A bounce from this level seems likely. However, if Bitcoin breaks below both the horizontal demand zone and the support trendline, it could lead to a bearish move, signaling further downward momentum in the market. #basebuilds
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@botify
$risk 🌽
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