Balu

@cryptokingbalu

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@cryptokingbalu

#RLCUSDT - UPDATE As expected, the price managed to reach our first target after breaking the resistance area and breaking the downtrend line. And the analysis is more than 50% in profit.

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@cryptokingbalu

#COTIUSDT - UPDATE The price continued to move well and with strong momentum after breaking the downtrend line and touched its first target according to our analysis. So far, the analysis is more than 40% in profit. And we can wait for the next targets.

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@cryptokingbalu

Good morning everyone

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jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

epic buildher brunch this morning there are so many incredible women builders across the onchain economy

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@cryptokingbalu

Here's the Analysis of #ZEC : #ZEC is been gave a flip below of the flip area around $33.70 - $34.85 and looks strongly lower as it made a double top pattern over it. We can expect the price to move lower to the supporting trendline and a bounce from there. Price action is not clear, so wait for the price to have the reaction.

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@cryptokingbalu

Here's the Analysis of #FTT : #FTT is been moving with in a consolidation range and rejected strongly from the Strong resistance area of $2.67 - $2.81. price now declining towards the support zone of $1.49 and lower zones around $1.00. Not expecting much from here and accumulation looks good at support and lower zone too.

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@cryptokingbalu

One key metric for gauging market health is the average purchase price of different investor groups. Right now, the Short-Term Holder cohort - representing new market demand - is particularly telling. Bitcoin's price has recently pushed above these newer investors' average cost basis of $62.5k, a positive development suggesting reduced selling pressure. However, if the price falls back below this threshold, these recent buyers could face mounting pressure to sell, especially given the already challenging market conditions of recent months.

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@cryptokingbalu

#GOLD UPDATE : #GOLD kept on printing the new ATH and now formed a head and Shoulder pattern which is a reversal pattern. Well, in this bullish market the probability of this pattern to play out decreases. Also, we can see price gone into the consolidation range and on its way to break it and discovery of new ATH's.

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@cryptokingbalu

#BTC gone as per the expected move, price just broke thought he accumulation range and kinda rejected the resistance marked. #Bitcoin again attempting to break the zone and we might see some struggle now here in this zone.

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@cryptokingbalu

Here's the Analysis of #APE : #APE got a very hard rejection from the major resistance area of $1.73 - $1.78 and reaching towards the flip area of $1.28 -$1.29. Its a flip zone so expecting a bounce from there, and in case from close below, we can see short-term sells going on and take the advantage.

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@cryptokingbalu

#ARKM still holding the support zone and in Daily TF, it kept on rejecting the area. Price is going though the Falling Wedge Pattern and need to see a good candle close moving taking the longs.

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@cryptokingbalu

Here's the Analysis of #ALPHA : #ALPHA got it very hard rejection from the flip area of $0.136 - $0.141 and had a very long corrected move. Price already reaching the minor support zones and accumulation looks good here. The next major support zone is at $0.044 - $0.049.

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@cryptokingbalu

#BTC perfectly dropped to the support zone and got a strong rejection from there. Price made a very decent jump, and need to see a H4 break of $67,500 and we can see price moving higher towards the $69,000 and eventually $70,000.

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@cryptokingbalu

Here's the Analysis of #GALA : #GALA rejecting from the resistance area and moving with the large channel pattern, still following it. Price action is not clear much, need to see some sort of the break above the $0.024, by which price will make the way to the Strong resistance area around $0.027 - $0.028.

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@cryptokingbalu

Here's the Analysis of #STMX : #STMX stuck in a range now between the top zone as resistance around $0.0057 - $0.0060 and Support at $0.0053 - $0.0054. We need to see some sort of breakout of the zone and take the directional move with the trend.

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@cryptokingbalu

In prolonged downtrends, investors sell at lower prices, pushing the cost basis of newer supply down. We've created an indicator comparing cost bases of 1w-1m and 1m-3m holders to gauge capital flows. Capital Outflows 🟪: Younger coins' (1w-1m 🟠) cost basis falls faster than older ones (1m-3m 🔴). Capital Inflow 🟦: Younger coins' cost basis rises faster in uptrends. Currently, younger coins trade below older ones, indicating net outflows. This might hint at early stages of a market reversal.

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@cryptokingbalu

#GOLD UPDATE : #GOLD had a break below of the support zone and turns out very quickly. Price again back into the consolidation pattern and again we have to look for a clean breakout or Daily turned bearish and this can be retracement.

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@cryptokingbalu

#BTC made a very shallow closing over the strong resistance area and swept out the tiny liquidity. Price now retracing a bit here and can retest the $63,600 area. Expecting a new higher high to be formed sooner.

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@cryptokingbalu

here's the Analysis of #OG : #OG is been discovered the new trading range between the Major Support Zone of $6.66 - $7.18 and Resistance at $10.90 - $11.40. A long setup looks good here with smaller risk and tighter stoploss.

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@cryptokingbalu

Bitcoin's recent slump has new investors feeling the squeeze. Since late June 2024, short-term holders are underwater (MVRV < 1), nursing losses on paper. But there's a silver lining! These unrealized losses aren't as brutal as the mid-2021 bloodbath or the March 2020 COVID panic. So while newbies are sweating, they're not in full meltdown mode.

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