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2022-11-08 12:47:01 #Communitymetre — BTC/USD — Asset of the Day

The price of BTC/USD showed a significant growth and went beyond the side trend on October 25th. Highly possible that it is going to build an uptrend now.

After going beyond the upper Bollinger Band on November 5th, the market is in a correction. In this case, the price of $20,527 becomes an important milestone. If the price breaks through this level and stays above it, the trend will be fixed.

However, technical analysis indicators speak for the bearish strength — the MACD showed two positive peaks, the last of which is lower than the previous one. This is a strong signal for a trend reversal.

The Force Index also shows the weakening of the bulls. However, the MACD is still above zero and so is the The Force index too. If the bears manage to break through the $20,527 level, a new side trend may form.


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2022-11-07 15:43:57 Results of the week 10/31/2022-11/06/2022

We have collected assets of the last week and checked how the predictions worked out.

#DOGE Asset of the day 01.11.2022 vs 07.11.2022

Going beyond the Bollinger band turned out to be quite uncomfortable for the market and the price of the DOGE fell from its peak of $0.14 below the expected $0.12, and on November 6th, the price has reached its minimum of $0.1147.

#TSLA Asset of the day on 03.11.2022 vs 07.11.2022
The bulls failed to cross the resistance line and the bears being in a stronger position have directed the price to the support level.

#Communitymeter Open / Comment

2022-11-03 11:38:07 Open / Comment

2022-11-03 11:37:42 #Communitymetre — TSLA — Asset of the Day

Since the beginning of 2022, Tesla stocks have fallen hard in value.

News of the U.S. FRS intention to lower the key rate hike, as well as the release of a new Tesla model, allowed the price to rise to the 30-day SMA of $235. In fact, the market formed a sideways trend in the range of $205-229, slightly dominated by the bulls.

Mixed reaction of TSLA shareholders to the purchase of Twitter by Ilon Musk plays in bears’ favor. Also.Tesla is under serious pressure in China, which is its second market.

The side trend reflects market uncertainty and further news will play an important role in it. If they are positive, the bulls could break the resistance line $229 and try to fix the $250-260 price.

On the other hand, negative news will allow bears to return the price to the support line. The current market situation is rather bearish — the price is below the 30-day SMA, and MACD went below zero.

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2022-11-01 16:58:15 Open / Comment

2022-11-01 16:57:03 #Communitymetre — DOGE/USD — Asset of the day

Successes and setbacks of DOGE traders have a lot to do with Twitter and Elon Musk's tweets, turning a little-known cryptocurrency into one of the most popular assets.

The growth of DOGE is probably also linked to other factors, such as rumors of the creation of its crypto wallet on Twitter and the excitement at the markets caused by the statements of US Federal Reserve.

On October 29 DOGE price crossed the upper Bollinger Band and stopped at $0.12. Going beyond the upper Bollinger Band is an uncomfortable market condition and bears managed to return the price to the range. The bears made an attempt to stop the bulls on October 30. Nevertheless, by the evening of October 31, the price is still beyond the Bollinger Band on the daily chart. It is likely that the price will still drop to $0.11 and the market equilibrium will be restored.

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2022-10-31 17:32:30 Results of the week 24.10.2022-29.10.2022

We collected last week's assets and can apprehend how the forecasts worked out.

#ETH/USD Asset of the day 10/25/2022 vs 31.10.2022
The bulls were able to realize their potential and break the $1,331 resistance line to the $1,624 level.

#LTC/USD Asset of the day on 10/27/2022 vs 31.10.2022
The correlation with the major cryptocurrencies was not very strong. LTC failed to show the strong growth as BTC or ETH did. The bears managed to balance the bulls. But the bulls also did not allow the bears to break the support line of $55,27.

#Communitymetre Open / Comment

2022-10-29 15:17:42 October is almost over, and so is our OCTOBER 30 USDT BONUS promo

No worries, you can still get it up until the 31st of October

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2022-10-28 15:04:10 CEX.IO Broker keeps you updated!

Today, Elon Musk finally officially announced the purchase of Twitter.

From October 29th, Twitter will no longer be a public company and will stop trading its shares on the stock market.

But don't get upset, with CEX.IO Broker you can trade CFDs on shares, Forex and Crypto with a leverage up to x100!

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2022-10-27 18:10:08 Open / Comment