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⛓️ Crypto🟢 BullishImportance 6/10Actionable
2Y SMA/2: The Crypto Bear Market Indicator That Has Called Every Major Price Bottom
🤖AI Summary
The 2Y SMA/2 indicator, which halves the two-year simple moving average, has historically identified major price bottoms for cryptocurrencies including BTC, ETH, BNB, and XRP. Several altcoins including Solana, Dogecoin, and Cardano have already reached this level, suggesting they may be in deeply discounted territory.
Key Takeaways
- →The 2Y SMA/2 indicator has successfully called major price bottoms across multiple cryptocurrencies including Bitcoin and Ethereum.
- →Solana, Dogecoin, and Cardano have already reached their 2Y SMA/2 levels, indicating potential deep discount territory.
- →Chainlink precisely tested its 2Y SMA/2 level and bounced, reinforcing the indicator's reliability.
- →The indicator is derived by simply halving the two-year simple moving average price.
- →This technical analysis tool appears to work across various cryptocurrency market caps and categories.
Mentioned Tokens
$BTC$70,680▼-0.7%
$ETH$2,077▼-1.1%
$BNB$653.46▼-0.5%
$XRP$1.39▼-0.7%
$ADA$0.2590▼-3.1%
$DOGE$0.0947▼-1.3%
$SOL$87.00▼-2.1%
$LINK$9.02▼-1.2%
Non-custodial · Your keys, always
#technical-analysis#bear-market#price-bottom#bitcoin#ethereum#solana#dogecoin#cardano#chainlink#sma-indicator
Read Original →via Blockonomi
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