Hello, thanks to my colleague @anvida, I'm starting to publish on this network the analysis that I like to see daily... The chart shows the technical analysis of a DEGEN/USDT pair on the daily time frame. Here is a detailed interpretation: Bullish Channel: There is a bullish channel, which indicates an ascending trend structure. The price seems to be consolidating near the upper limit of the channel, which can be interpreted as an important resistance level. Fibonacci: Key Fibonacci retracement and extension levels are observed. The price has already surpassed the 1.618 level (0.09070), which places it in a zone of higher extensions (2.618 and 4.236), indicative of possible bullish targets. If the price retraces, the 0.236 level (0.01510) is a strong support, which coincides with the accumulation zone marked in green.
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$reward
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Mint Touch Grass
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