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is possibly bullish
Technical analysis
▪️The EMA(50) and the EMA(100) crossed, which is favourable for opening an order
▪️The EMA(50) is above the EMA(100) after that, which will be beneficial for bulls
▪️The MACD indicator line is below 0, showing a downward direction
▪️The RSI surpassed 20, the oversold zone, and may change the trend.
Key levels
Support 1.17001 1.16865
Resistance 1.17322 1.17387
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🤯 Analysis 🧐
AUDCAD-DAY
Broader picture of the AUDCAD as its elegantly trading within a falling channel.After a minor consolidation we can see a another downward journey here..lets ride the lower side wave.
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July26: Weekly chart: As shared 2 week ago, we are seeing big jump in BTC. We shared weekly chart with bullish interpretation few week ago and suggest long entry at 30k-32k. Price moved accordingly.
on Weekly chart BTC bounce from 50 weekly MA and closed at $35428. BTC also crossed 50 Daily MA after 73 days. 40k and 200 daily moving average at $44800 is work as resistance for $btc. This jump also create FOMO among investor and btc turn bullish once again. Downside 36k and $34300 work as support.
BTC touch $48000 on future: Today morning, just after daily closing we saw perfect example of "Short Squeeze". Daily closing above $35500 push btc towards $48000 due to panic among "BTC Shorts" and Bot Trading on Binance Future.
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