Here is a new article with the title “Crypto Pricea has reversal back to Earth”, based on the expression “crypto”, “token” and “inversion”.
The crypto price brings back a reversal on earth
In recent weeks, the cryptography market has undergone prices, many cryptocurrencies reaching maximum values. However, an inversion model begins to appear, threatening to send more of these high flight assets to earth.
The reversal model, also known as “death cross” or “inverted head and shoulders”, occurs when the price of a cryptocurrency reaches a certain level in which it has historically experienced significant decreases , followed by an accentuated yield. This can be an early alert sign that a correction is on the road.
In the case of Kraken, a popular online exchange for the trading of cryptocurrencies, the recent price movements followed this inversion model. Users of the platform are negotiated while waiting for a potential crisis, which could lead to a significant drop in prices.
According to market data, the current level of $ 34,000 is considered a level of critical support in which merchants and investors can expect a rejection of the Kraken price. Once this level is violated, it could set an initial objective at around $ 30,000, which would represent a drop of 15% compared to the ceiling of the current market.
Although the inversion model has been observed in other cryptocurrencies, such as Bitcoin and Ethereum, it should be noted that Kraken remains one of the most important players in the industry. A robust platform infrastructure, extended trading volumes and an easy-to-use interface make it an attractive option for many investors.
However, not everyone is convinced that a reversal will take place. Some analysts believe that current price movements are more indicative of a bull turnover than a correction, which suggests that the market can continue to expect in the coming weeks.
As with any investment, there is always risks involved and it is essential to do your own research before doing transactions. That said, if you are looking for ways to protect your wallet or take advantage of a potential crisis, Kraken can be interesting.
Notice of non-responsibility: This article is not intended to provide personalized investment advice, and readers are invited to consult a financial advisor or to carry out their own research before taking investment decisions.
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