Three of the most manipulated tokens have drop hard in a week and it's not a coincidence that these are dropping in a same week.
Whales that is manipulating these tokens are a single entity who creates 100 accounts to manipulate these tokens. It has been going on for almost few years now. Previously these were just pump and dump in single day now they manipulate these tokens for months then in a single day they drop on retail traders.
Today $AKE , $IDOL and $UAI has gone down. tomorrow there will be new tokens yet again it's part of the game now. Retails like these tokens that's why you see huge volumes in these tokens.
$PIEVERSE Short already hit the target i mentioned earlier 👀
Now i am watching for the next move and after daily candle we can have some confirmation. Right now $PIEVERSE is holding above the Supertrend 1.70$ area and we can see a drop in this area. If it fail to hold the level then we can see further drop towards 50 EMA 1.50$ area.
If you already took the trade book prodfit and hold some or else wait for clear decision point.
I didn't expect $ZEC to drop this much today in just few hours. Earlier we saw some movement in this token but hard rejection trigger this huge break down bacause of the market condition.
Now $ZEC is entering the final support area towards 200 EMA - 870-900$ area. This is the next important support level.
Once $ZEC breaks the 1000$ area then it will easily drop towards the EMA 200.
Market condition is not good so expect to see more drop soon.
Currently it has enter a very strong support range and the next decision depends on how this zone will hold now.
Supertrend area 2000$ area is the petfect entry zone for $ETH now. While market is currentlg going down but it is the perfect time for taling entry and this time we can see some strong bounce from here.
$PIEVERSE just broke below the rising channel it had been building since the sharp drop off the 2.27 high.
The bounces inside that channel were slow, with each push stalling under the upper trendline near 2.10 and never getting back toward the highs. That looks more like a bear flag than a base. The lower trendline gave way around 2.00 on a strong red candle, and the last two closes are sitting under it. The first real support is the 1.90 area where the channel started, and below that there's very little structure until 1.80.
If price stays under 2.00 and the channel line turns into resistance on a retest, I'd expect 1.90 first and then a push toward 1.80. If it reclaims 2.10 and holds, the breakdown was a fakeout, and the 2.25 resistance comes back into play.
$INIT just printed a long upper wick to around 0.29 and is now closing back down at 0.241, far above both EMAs on the 15m. What stands out is how stretched this is. Price sits roughly 16% above the 50 EMA at 0.208 and well clear of the 200 EMA at 0.169, after a vertical run with almost no pullbacks.
The wick shows sellers stepped in hard at the top, and the current candle gave back most of the last green one. I'm not calling a full reversal yet, but a move this extended usually needs to come back and retest the EMA before it can build anything sustainable.
If price loses 0.22, I'd expect a fast drop toward the 50 EMA near 0.208, with the 200 EMA at 0.17 as the deeper level if that fails. If buyers reclaim 0.26 and hold it, the rejection was just a shakeout and the move can keep going toward the 0.29 high.
$BTC lost the weekly 50 EMA and is now sitting right above the 200 EMA, with the 70-74K zone as the next real test.
The rejection near 87K turned into five red weekly candles in a row, and the last one closed under the 50 EMA around 78.2K. What I like about the 70-74K zone is that it stacks the 200 EMA near 70K with the area where the big weekly breakout candle started, so buyers have a reason to show up there. I'm not treating it as a guaranteed bounce, though. Momentum is still pointing down, and the 50 EMA is now overhead resistance.
If price holds 70-74K and reclaims 78.2K, the pullback was just a retest and the trend stays intact. If BTC closes a weekly candle below 70K, the 200 EMA is gone as support, and the next area on the chart is the 60K lows.
Today i am watching $INIT price action is good but there is a resistance above 0.25$ area. This resistance remains active for now and a rejection from this level will trigger a break down here in $INIT So keep an eye on this for now 👀