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The correction continues on the crypto market, according to CoinStats. Advertisement BTC chart by CoinStatsBTC/USDThe rate of Bitcoin (BTC) has dropped by 8% over the last 24 hours.Image by TradingViewOn the hourly chart, the price of BTC has made a false breakout of the local support level of $92,502. If the daily bar closes far from it, there is a chance to see a bounce back to the $96,000 mark.Image by TradingViewOn the bigger time frame, traders should focus on the nearest support of $92,092. If the candle's closure happens near it, one can expect a breakout, followed by a further correction to the $90,000 range.Image by TradingViewFrom the midterm point of view, the picture is similar.  Related Thu, 12/19/2024 - 13:31 SHIB Price Prediction for December 19 Denys Serhiichuk If the weekly bar closes around $92,000, the decline may lead to the test of the $85,000-$90,000 area by the end of the month.Bitcoin is trading at $96,688 at press time.$BTC

2. Search for ISLAND: In the search bar, type “ISLAND” and select the trading pair (e.g., ISLAND/USDT). 3. Set Up Time Frame: Choose the 4H (4-hour) or 1D (daily) chart for a short-term outlook. 4. Mark Key Levels: Use the Horizontal Line tool to mark: Support at $0.080 Resistance at $0.092 Highlight potential psychological levels like $0.10. 5. Identify Trends: Add the Exponential Moving Average (EMA) lines, like the 50 EMA or 200 EMA, to identify trends. Draw trendlines if there’s a clear upward or downward channel. 6. Add Indicators (optional): Use the Relative Strength Index (RSI) to check if ISLAND is overbought (above 70) or oversold (below 30).

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Here's a breakdown of the $TURBO H4 Bearish Idea: *Technical Analysis* 1. *Elliot Wave Pattern*: A potential ABC correction is detected, indicating a possible price dip. 2. *Fibonacci Levels*: The price may tap the 78.60% or 50% Fibonacci level of the H4 Bullish Order Block (Bu-OB). 3. *MACD Indicator*: Continuous bearish pressure is evident, with a strong sell bar recently formed. However, confirmation is pending the current candle's close. *Market Structure* 1. *Fallen from VAL*: The price has dropped from the Value Area Low (VAL). 2. *H4 Bu-OB*: The price may interact with the H4 Bullish Order Block, potentially leading to a bounce or a break. *Trading Idea* 1. *Bearish Bias*: The analysis suggests a bearish bias for $TURBO. 2. *Potential Entry*: A short entry may be considered if the price reaches the 78.60% or 50% Fibonacci level of the H4 Bu-OB. 3. *Stop Loss and Take Profit*: Stops and take-profits should be set according to individual risk management strategies. Please note that this analysis is based on a specific timeframe (H4) and should be considered in conjunction with other forms of analysis and risk management techniques.

Cardano targeting all-time highs, Shiba Inu burns billions of SHIB, Meme Moguls sets new bar for meme coins Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano is one of the largest cryptocurrencies and is anticipated to reach $1 before mid-2024. Experts also predict that Cardano can potentially hit an ATH this year. In other news, Shiba Inu has reportedly burned billions of tokens, yet the price of SHIB remains steady. Meanwhile, Meme Moguls is emerging to set a new bar for meme coins. Cardano has faced headwinds in the past few years, failing to retest its all-time high of $3.10.  Even so, it is a top 10 coin by market cap.  While ADA remains far from all-time highs, experts say it can cross $1 by June 2024.  Last week, Shiba Inu removed 9.41 billion SHIB from circulation.  Despite this, SHIB is .