JASMY has dropped to the support area, and your orders are filled. You can set a tight stop loss and hold the long position. We may see a bounce from here towards the resistance area.
Resistance Area: $0.024-$0.0256
INJ analysis:
The price is currently trading within a downward channel on the daily timeframe. It has been rejected from the resistance line, and there are no signs of strength, as a lower high and lower low have been established. It would be wise to wait for some time before considering new entries.
Bitcoin Dominance continues to rise and has broken through the upward trendline. This is concerning for altcoins, and we may witness a slow decline in the altcoin market. It's important to monitor the dominance levels closely. If it breaks above the key 60% level, we could see significant selling pressure on altcoins. Make sure to keep tight stop-loss orders on all open positions.
Читать полностью…Bitcoin has been rejected from the resistance area multiple times. We might see some sideways movement over the weekend, followed by a significant move on Monday.
Читать полностью…Upcoming signal has been postponed for tomorrow.
Thank you for your understanding
happy trading. Stay tuned!
The derivatives markets are adding depth and liquidity to Bitcoin, enabling more advanced trading and hedging strategies. This week, Open Interest across perpetual and fixed-term futures contracts has hit an all-time high of $32.9B, signaling a notable rise in overall leverage in the market.
Читать полностью…SAGA is progressing as expected and has reached the support zone. We might observe some accumulation in this area before the next move. You can open a long position at the support zone.
Support Area: $2.05-$2.25
Resistance Area: $2.75-$2.90
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Net capital inflows into Bitcoin have surged by $21.8B (+3.3%) over the past 30 days, pushing the Realized Cap to a new all-time high of over $646B. This indicates rising liquidity in the asset class, with strong capital inflows backing the recent price increase.
Читать полностью…SAGA has been unable to break above the resistance area and continues its downtrend. We may see a test of the support zone, where you can place your buy orders.
Support Area: $2.05-$2.25
Resistance Area: $2.75-$2.90
PEPE analysis:
Price is now testing the support area and also near the uptrend line support area. You can accumulate some PEPE around the support area. We are expecting a bounce from here towards the resistance line of the triangle.
Support Area: $0.00000960-$0.00001000
Resistance Area: $0.00001100-$0.00001150
Bitcoin dominance is trending upward, showing no signs of weakness. Altcoins are currently struggling to make significant moves. For a rally in altcoins, dominance needs to break the upward trend line.
Читать полностью…Bitcoin is currently trading below the local resistance area. Positive sentiment will only emerge if the price breaks above the local resistance zone of $67,900-$68,100. Always keep a tight stop loss on all open positions.
Читать полностью…Bitcoin spot ETFs saw net inflows of $5 billion in Q3 2024, demonstrating strong institutional demand for Bitcoin exposure, even during periods of uneventful price movement. This underscores the growing interest from large investors seeking regulated Bitcoin investment avenues.
Читать полностью…Finally, AERGO has broken the triangle pattern and the price is now retesting this level. You can open a long position here with a tight stop loss. We may see a move towards the resistance area.
Resistance Area: $0.117-$0.129
Bitcoin's price remains stagnant as the market exhibits sideways movement. We will observe how the market reacts when global exchanges open on Monday.
Читать полностью…We're seeing improved profitability among new Bitcoin investors, as the MVRV ratio has rebounded from August's lows following the yen-carry trade unwind. Notably, the Short-Term Holder MVRV (STH-MVRV) has also reclaimed its 90-day moving average, signaling a constructive trend for market momentum.
Читать полностью…DOGE was rejected from the resistance area and faced significant selling pressure there. We may see another test of the resistance area in the coming days, so let's watch to see if the price can break above this level. Currently, this is not an ideal trade zone, so it's better to wait for a while before considering new entries.
Читать полностью…NOT analysis:
Price has formed a triangle pattern and is now trading near the support area. You can open a long position close to this support. We may see a bounce from here towards the resistance line.
Support Area: $0.00695-$0.00725
Resistance Area: $0.00855-$0.0086
Stay tuned for a TA/FA based SPOT & FUTURES call at 5PM GMT today!
Exchange: Binance & MEXC
Educational Post
What Is an Order Book?
An order book is like a real-time list of all the current buy and sell orders for a particular asset, such as stocks, commodities, or cryptocurrencies. It provides a snapshot of what buyers are willing to pay (bids) and what sellers are asking for (asks), helping you see market demand and supply.
How Order Books Work
In high-liquidity markets, you will notice that order books are live and constantly being updated. As new buy or sell orders come in, they are added to the list. When a trade happens, the relevant orders are removed from the order book. Essentially, order books are where you see the open orders that represent ongoing negotiations between buyers and sellers.
If you're a buyer, your order will be added based on the maximum price you’re willing to pay. If you're a seller, it’s based on the minimum price you're willing to accept.
Bitcoin broke above the local resistance area but faced heavy selling there, evidenced by the wick showing price rejection. We may see another test of this resistance area, so let's observe how the price reacts.
Читать полностью…NEAR analysis:
Price is currently trading within a triangle pattern. Consider opening a long position near the support area with a tight stop loss. We may see a movement towards the triangle's resistance area. A break of this triangle pattern will determine the next move.
Support Area: $4.42-$4.57
After being rejected from the resistance area, IOTA is now testing the support zone. You can open a long position here with a tight stop loss. We may see a bounce from this area towards the resistance zone.
Support Area: $0.113-$0.117
Resistance Area: $0.125-$0.127
Bitcoin experienced a dip yesterday but instantly bounced back. We may see a test of the local resistance area now, and let's see if the price is able to break above it or not.
Читать полностью…DOGE analysis:
Price has reached a major resistance area, and a break above this will lead to a strong rally. It is better to wait for a clear breakout above this resistance before opening new long positions.
Resistance Area: $0.14-$0.15
Binance Will Delist IDRT, KP3R, OOKI, UNFI on 2024-11-06
https://www.binance.com/en/support/announcement/043c8407bb904652a428573a50d07e07
JASMY analysis:
Price is currently fluctuating between the support and resistance areas. You can place your orders near the support zone and wait. We may see a bounce in the support zone before the next leg up.
Support Area: $0.0165-$0.0178
Resistance Area: $0.024-$0.0256
Educational Post
What Is the Ethereum Pectra Upgrade?
The Ethereum Pectra is an upgrade (hard fork) that aims to make Ethereum faster, more scalable, and easier to use, both for everyday users and blockchain developers. Expected to roll out in two phases starting in 2025, Ethereum Pectra is set to be one of the most significant improvements to the Ethereum network in recent years.
Pectra is actually two upgrades that were initially planned to happen separately: Prague and Electra. They were combined into one to make things smoother.
Why Is Ethereum Upgrading?
Ethereum has been steadily improving since its creation, with many important upgrades like “The Merge” in 2022 (which switched Ethereum to Proof of Stake) and the “Cancun” upgrade in 2024.
However, Ethereum still faces challenges, especially around transaction fees, scalability, and how complex it can be for new users. The Pectra upgrade is designed to address these problems.
Major Features of the Pectra Upgrade
Let’s look at some of the biggest changes coming with the Pectra upgrade:
1. Account abstraction
Right now, Ethereum users need to have small amounts of ether (ETH) in their wallets to pay for gas fees. These fees are transaction costs that you need to pay whenever you make a transfer or interact with a decentralized app (DApp). For example, if you’re sending tokens to someone or trading NFTs, you have to use ETH to cover these costs.
With the Pectra upgrade, Ethereum will leverage a concept called account abstraction to enhance user experience. One of the benefits of account abstraction is that you won’t have to keep ETH just to pay for gas fees. Instead, you can pay with other tokens, like USDC or DAI, making it more convenient. The update will also allow third-party services to sponsor your gas fees, meaning you could pay little to no fees in some cases.
2. Smart contract efficiency
Through Ethereum Improvement Proposals (EIPs) like EIP-7692, the Ethereum Virtual Machine (EVM) will become more efficient, speeding up smart contract execution. This change benefits both developers and users by lowering the cost and complexity of deploying smart contracts.
3. Improvements for validators
You might have heard that Ethereum runs on a decentralized system where “validators” help confirm transactions and keep the network secure. Validators need to stake (lock up) 32 ETH to participate, and they earn rewards in return. But any amount of ETH over 32 just sits there and doesn’t earn any extra rewards. That’s not very efficient.
Pectra will introduce flexible staking withdrawals (EIP-7002) and increase the stake limit of validators from 32 to 2048 ETH (EIP-7251). This change will make the system more flexible and efficient, especially for people or companies who manage large amounts of ETH.
Additionally, Pectra will allow for “validator consolidation,” which means that large operations like Lido, which stake ETH for lots of users, will need to run fewer validator nodes. This can reduce the strain on the Ethereum network, making it faster and less resource-intensive.
Bitcoin experienced significant selling pressure at the resistance level, resulting in a price decline. Additionally, escalating news about the war is affecting global markets. With the US elections approaching, high volatility is anticipated in the coming weeks.
Читать полностью…