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Bearish trend on BGB, an asset that has also been undergoing a strong correction since the last overall wave that affected all crypto assets. However, the volume on this asset remained quite active, which gave me an idea that it's possible they are hedging on BGB against other cryptos that experienced much higher volatility, resulting in greater losses in this bearish wave we are experiencing. With that said, my view focuses on converging points, which basically consist of the target of the double bottom pattern on the H1 chart, the 61.8% Fibonacci retracement on the H1 chart, and on a more weekly or daily chart, we can see an uptrend trendline converging to the same point mentioned above. Combined with weak indicators such as OBV and Stochastic, the asset continues its bearish trend with no possibility of operations on the upside leg. Upon reaching the convergence point, roughly between 1.045 and 1.600, I await a possible price resistance signal, and the moving averages nearing this region to then look for any bullish pattern or candle that could give me an indication of a reversal to the upside. But at this moment in the medium term, there are no buying points. For sellers, selling operations, I await the price to return to the top of the bearish channel formed on the H1 and then enter the breakdown below some candle that could signal this entry.

Bearish trend on BGB, an asset that has also been undergoing a strong correction since the last overall wave that affected all crypto assets. However, the volume on this asset remained quite active, which gave me an idea that it's possible they are hedging on BGB against other cryptos that experienced much higher volatility, resulting in greater losses in this bearish wave we are experiencing. With that said, my view focuses on converging points, which basically consist of the target of the double bottom pattern on the H1 chart, the 61.8% Fibonacci retracement on the H1 chart, and on a more weekly or daily chart, we can see an uptrend trendline converging to the same point mentioned above. Combined with weak indicators such as OBV and Stochastic, the asset continues its bearish trend with no possibility of operations on the upside leg. Upon reaching the convergence point, roughly between 1.045 and 1.600, I await a possible price resistance signal, and the moving averages nearing this region to then look for any bullish pattern or candle that could give me an indication of a reversal to the upside. But at this moment in the medium term, there are no buying points. For sellers, selling operations, I await the price to return to the top of the bearish channel formed on the H1 and then enter the breakdown below some candle that could signal this entry.

Unfortunately, we are now experiencing a decline of over 20% compared to the primary trend peak, and we are currently beginning a primary bearish trend. The stock tries to hold above but fails.

The asset failed to maintain its bullish trend and began a correction within an uptrend channel. It broke through the 1.380 support, which still held hopes for a bullish continuation. Indicators had already signaled exhaustion in the buying movement, and now it would be prudent to wait for the asset to reach the lower part of the channel around 1.340. Upon reaching this zone, wait for a bullish sign like a reversal candle or a touch on a moving average to then resume its trajectory within the channel. If it breaks down below the channel, it would suggest a price recovery target around 1.32, corresponding to the Fibonacci retracement on the daily chart based on the previous day's candle. Await further updates, but for now, the scenario is bearish, even if only short-term. No buying positions for now. O ativo não conseguiu manter sua tendência de alta e iniciou uma correção, ainda dentro de um canal ascendente. Ele rompeu o suporte de 1.380, que mantinha as esperanças de continuação da alta. Os indicadores já sinalizavam uma exaustão do movimento comprador, e agora seria prudente esperar o ativo alcançar a parte inferior do canal, na área de 1.340. Ao atingir esta zona, aguardar por um sinal de alta, como um candle de reversão ou um toque em uma média móvel, para então retomar sua trajetória dentro do canal. Se houver rompimento para baixo do canal, isso indicaria um alvo de recuperação de preço ao redor de 1.32, que corresponde à retração de Fibonacci no gráfico diário, baseado no candle formado no dia anterior. Aguardem novas atualizações, mas, por enquanto, o cenário é baixista, mesmo que seja de curto prazo. Sem posições de compra até o momento.

Wave 5 formation is underway in TAOUSDT , with the Fibonacci retracement analysis suggesting an ambitious price target near the 830 mark. The trading volume's coherence with this trend indicates a higher probability for the operational success of this pattern. Risk management is advised with a stop-loss order strategically positioned below the 579.24 threshold. https://www.tradingview.com/x/egWARrwT/

"Currently observing BTCUSDT as it continues its correction phase, finding a pause at the crucial 67,000 level. This appears to be a healthy pullback for the asset. Notably, there's an emerging possibility of forming the 'handle' part of a 'Cup and Handle' pattern on the daily chart, suggesting potential bullish momentum ahead. I'm keeping a close watch on this development and will be looking for confirmatory signals for the completion of the pattern. What are your thoughts on this setup?"