WAVES What are shorting traders to do when $5.9 becomes resistance

WAVES: What are shorting traders to do when $5.9 becomes resistance?

From $4.5 to $7.15 in the preceding week, Waves’s price increased ...

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Honduras Creates Bitcoin Valley to Promote Tourism

Honduras Creates Bitcoin Valley to Promote Tourism

Bitcoin and Central American countries continue to go hand in hand ...

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In Latin America, Bitso and Ripio Announce Crypto Cards

In Latin America, Bitso and Ripio Announce Crypto Cards

In Latin America, crypto credit and debit cards are becoming increasingly ...

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A decisive close below the flag could strengthen negative efforts to retest the $3.3 support. That would make it challenging for purchasers to prevent the printing of more recent ATLs (all-time lows). Continued pattern variations are likely to result in a retreat from $5.6. Reasoning Over the previous two months, the RSI (Relative Strength Index) has hovered towards the bearish area. APE could retest $3.0 if it breaks below 42, indicating a heightened selling tendency. In addition, the CMF (Chaikin Money Flow) validated the negative thesis. In order to identify bearish employee - driven, followers should evaluate potential escapes outside of this level. Final Remarks Given the negative flag & pole structure and APE's price decline below the 20-50 exponential moving average, the alternative may see a pattern rupture. The objectives would remain as stated previously. Dealers in ApeCoin should monitor on-chain changes and market sentiment to ensure profitable decisions. Keep abreast on the most recent events in the crypto sector.

ApeCoin (APE) Short-Selling Investors May Profit From This Pattern

Since APE reached its all-time high on April 28, 2022, it ...

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Coinbase's CEO, Brian Armstrong, cited various reasons for the action, including the possibility of a slowdown, the excessive deployment of funds during the 2021 bull market, and excessive investment in the past. The company's Q1 statistics reveal a 27% reduction in revenue compared to the same period last year. The monthly trade volume decreased by nearly 44%. In addition, the number of monthly customer base decreased to 9.2 million from 11.4 million users. Professional Opinion Not even COIN stock was an example. It has lost more than 30% in the past month. In addition, researchers poured gasoline to the fire by rating the company, with Goldman Sachs and Moody's being among those to do so. Moody's most recent downgrading cited several variables that support Coinbase's bleak prognosis. For example, the cost of fees. According to Moody's, Coinbase generates more money amidst high crypto prices and increasing user trading activity. Since the beginning of market declines in the crypto area, revenue has been stagnant. Moody's intends to further lower COIN as crypto values decline. Regarding the future of Coinbase, experts at Goldman Sachs shared a similar perspective. Goldman Sachs believes Coinbase will face difficulties producing revenue in light of falling cryptocurrency prices. It anticipates additional layoffs to reduce expenses. In addition, Goldman Sachs predicts that Coinbase's Y/Y revenue will decline by nearly 60% without employee layoffs. Under the present market conditions, COIN stock will remain under pressure.

Coinbase Stock (COIN) May Continue to Fall – Here’s Why

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Iranian importers are pushing for more clarity on how cryptocurrency can be used in international trade.

In light of the first-ever officially reported payment made in cryptocurrency ...

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Crypto investor Tim Draper says women may drive the next BTC bull market.

Crypto investor Tim Draper says women may drive the next BTC bull market.

Tim Draper, a well-known billionaire investor, underlines that in the upcoming, ...

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Bitcoin Adoption in South Korea

In South Korea, the government has either heavily restricted or outright ...

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The USD Will Soon Collapse – Report

The USD Will Soon Collapse – Report

Last month’s unexpected devaluation of terra’s USDT assets left a bitter ...

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Increase of 22% in SHIB Value Caused by $1.5B Added to Meme Coin’s Market Cap

After experiencing a significant decline in 2022, interest in SHIB is ...

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