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Cardano price, like other cryptocurrencies, coils in a triangular fashion. Cardano price could experience another sell-off. The swing lows established in June are unstable. Traders should also be hesitant to use the swing low on May 12 as a bullish invalidation level.
Shiba Inu price presents a bullish trade setup with a conservative entry that equates to a 4-1 reward-to-risk ratio. Shiba Inu price has been trading in a triangular fashion since the out-of-nowhere rally that occurred on the first day of summer 2021.
Dogecoin price is a cryptocurrency traders should keep firm track of as market conditions could get very volatile in the coming days. Dogecoin price has recently witnessed a rejection at the $0.07 barrier, which could trigger another sell-off into June’s 4-hour supply zone within the $0.05 region.
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Solana price has been a very enjoyable chart to trade, however partaking in additional moves is ill-advised until further evidence can depict a safe entry. Solana price currently trades at $42.70. It was mentioned in the last thesis to continue maintaining a short term bullish bias.
Avalanche price movies in unison with the rest of the market. The Ethereum-based gaming token still has more upside potential. Avalanche price may have traders in disbelief as the digital asset continues to rally higher. Invalidation of the uptrend is a breach below $22.
Bitcoin price hits the first target mentioned in Monday’s bullish trade setup. BTC slope of incline continues to increase. Safety stops should not be moved into profit, but the risk can be reduced by 50% to $22,000. Invalidation of the uptrend can be $22,014.
Cardano price has more upside potential but the invalidation level is crucial for actualizing short term targets. Cardano price has been an enjoyable cryptocurrency to trade over the last few weeks. Invalidation of the uptrend is a breach below $0.472.
Bitcoin price is consolidating between significant barriers and shows no signs of moving out yet. The ongoing move could likely face rejection resulting in a steep correction that could send BTC to revisit levels last seen almost a month ago.
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