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In technical analysis, a flag pattern indicates short-term price movements inside a parallelogram coounter to the previous long-term trend. Traditional analysts view flags as potential trend continuation indicators.There are two types of flag patterns: bull flag and bear flag. While their outcomes are different, each flag exhibits five key characteristics,
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Analyst, who correctly predicted the late 2020 bull run, said 2023 could be a surprisingly good year for both crypto and equities. Source
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Despite being one of the biggest cryptocurrencies, with a market capitalization around $40 billion, Binance’s BNB token has failed to win a listing on any major U.S. crypto exchanges, aside from Binance.US. Some analysts are now looking at whether that’s a yellow flag. Source
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With a price increase of 8% over the last seven days, Chainlink (LINK) is currently one of the best performers on the crypto market, behind Litecoin (LTC) and BNB. Remarkably, the trading volume of LINK has dropped 20% in the last 24 hours to just $389 million. Chainlink was trading at
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Collapsed cryptocurrency exchange FTX reportedly faced a series of unauthorized transactions over the weekend, prompting several warnings from users and analysts against interacting with its mobile app or website. Wallets associated with FTX saw roughly $266.3 million worth of outflows on Nov. 11, according to analytics firm Nansen. FTX US, a
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Following the FTT token, Solana (SOL) in particular is currently suffering a massive price slump. As a report revealed last week, the
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While the metaverse has not yet helped Facebook parent Meta, which missed Q3 revenue estimates for its Facebook Reality Labs (FRL) division, Deepak Chopra sees great potential for wellbeing in the virtual world. The popular meditation and self-care author joined "First Mover," along with Seva.Love Co-Founder and CEO Poonacha Machaiah,
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A bull flag pattern resembles a flag on a pole
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BNB Chain, a blockchain network created by crypto exchange Binance, identified over 50 on-chain projects that pose a significant risk to the users. A mix of crypto spin-offs resembling Dogecoin (DOGE) and Binance and others dedicated to pandas, cyborgs and koalas made the list as untrustworthy and high-risk projects.BNB Chain’s
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“The $GARI token was affected majorly on KuCoin,” developers said, referring to the crypto exchange. “The reason identified is the $2 million market sell order at 16:10 UTC on 4th July 2022, pushed the token price to $0.14 suddenly as the market maker didn't provide enough liquidity to handle it.” Source
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