Bitcoin briefly reached the $69,000 milestone before a significant pullback ensued, dropping to the $59,000 support area. However, it quickly bounced back from there. Currently, BTC is making efforts to reclaim the $65,000 level. We anticipate sideways movement between $60,000 and $65,000 throughout this week, with potential for more action next week.
Читать полностью…#NWC Nice jump after our call✌🏻
More than 30% move since our call🚀
Still it have more room for growth as you can see in the chart it’s breaking out after more than 650days of Accumulation 🚀
Coinbase now holds the third position in terms of Bitcoin reserves, as a lot of Bitcoin is moving out from the platform. This trend suggests that Bitcoin is being withdrawn from exchanges.
Читать полностью…EGLD has rebounded from the support area and is moving towards the resistance area. The price is attempting to stay above the resistance area. If you have opened long positions, increasing your stop loss and holding on is advisable. We'll likely see a continuation of the upward movement.
Next Resistance Area: $75-$78
AMB performed as we expected and the price surged from the support zone. Our long position has generated a profit of over 43%, and you can continue to hold the position with a trailing stop loss. The price has also broken through the resistance area and is now trading above it. We may see a continuation of the uptrend in coming days.
Next Resistance Area: $0.016-$0.0165
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The altcoin market cap (TOTAL2) has broken the resistance area and is now heading towards the next resistance area. Altcoins are pumping, and we may see a continuation of the uptrend. Keep booking profits or increasing your stop loss.
Resistance Area: $1.20-$1.25 Trillion
LRC Analysis:
The price of LRC is currently testing the resistance area, coinciding with a minor downtrend line acting as resistance. A successful break above this resistance would signal bullish momentum and likely lead to a continuation of the upward rally.
Resistance Area: $0.335-$0.350
the recent introduction of Bitcoin ETFs has significantly bolstered demand from institutional investors, acting as a major sink for available supply. These ETFs have already absorbed over $9 billion in BTC, underscoring a strong appetite among institutional participants. Given this escalated demand against a backdrop of diminishing new supply, there is a visible potential for upward pressure on Bitcoin’s price.
Читать полностью…It seems that the symmetric triangle is breaking in the downward direction on lower timeframes. The price is attempting to break the small downtrend line but is currently trading below it. There is a possibility that we might witness a test of the lower support area before the next move. It is recommended to keep a tight stop loss in all open positions.
- Support Area: $59,000-$60,000
- Next Support Area: $54,000-$55,000
- Resistance Area: $64,000-$65,000
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ETH analysis:
Price has reached a major resistance area. A break above this area could send the price towards the $4,000 level. However, if there is a rejection from this area, the price could fall towards the $3,000 support area.
UNFI analysis:
The price is currently attempting to break through a resistance area. If the candle closes above this area, it will be considered bullish and we can expect the price to move towards the next resistance area. However, if the price is rejected at this level, it will likely drop towards the support area. It is recommended to wait for a clear breakout or rejection before opening any new positions.
Support Area: $5.40-$5.85
Resistance Area: $7.20-$7.65
Next Resistance Area: $9.50-$9.75
1INCH analysis:
The current price is attempting to surpass the resistance level. We need to wait and see if a candle closes above the resistance area and maintains its position above it. It is not advisable to open any long positions at this point, and it's better to wait for a clear breakout. In the case of a rejection from the current level, the price is expected to drop towards the support area.
Support Area: $0.48-$0.50
Resistance Area: $0.58-$0.60
Educational Post
What Are Modular Blockchains?
Modular blockchains mark a departure from the monolithic blockchain model, opting for a multi-layered architecture that divides primary tasks into specialized functions. By assigning specific functions to different layers, modular blockchains aim to create a more scalable and customizable system without compromising on decentralization or security.
How Modular Blockchains Work?
Modular blockchains often operate by specializing in four main functions: execution, settlement, consensus, and data availability. Execution involves processing transactions, settlement secures transaction destinations, consensus validates transaction authenticity, and data availability refers to the storage of transaction data. This modular design allows for greater flexibility and efficiency, offering a promising solution to the blockchain scalability trilemma.
Bitcoin has broken the $65,000 level and surged towards the $69,000 resistance area. However, the price faced heavy selling pressure and dropped back down to the $65,000 area. The good news is that BTC was able to hold at $65,000 and has since rebounded from that level. It is recommended to maintain a tight stop loss in all open positions. Once BTC surpasses $70,000, there will be no further resistance and the Fear Of Missing Out (FOMO) will be huge.
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In February, BTC outflows from centralized exchanges surged, indicating a growing demand for Bitcoin. Additionally, with the upcoming halving reducing new supply, we could be on the brink of witnessing the most significant bull run yet.
Читать полностью…The market started moving as expected on Monday, with Bitcoin experiencing another surge and reaching the resistance area. However, the price is facing heavy selling at this level and is struggling to break through. It remains to be seen how BTC will react to this resistance. If it manages to break above $65,000, it will likely head towards the all-time high resistance of $69,000-$70,000. The support level remains unchanged.
Читать полностью…As expected, WAN has moved and is now attempting to break the resistance line. Wait for a candle to close above this resistance area for new entries. If there is a rejection from here, the price will move towards the support area.
Next Resistance Area: $0.305-$0.32
DOT has been on an upward trend and has now reached the previous resistance level. We may see a retest of this resistance area. If the price manages to break above this resistance level, then we may see a good rally. The key level to watch out for is $10, which is a psychological resistance area.
Читать полностью…DODO analysis:
The price is approaching a major resistance level and this is a good opportunity to book profits. Opening new long positions in this zone is not recommended due to the fear of missing out (FOMO). Instead, it is better to wait for a test of the resistance area and observe how the price reacts there. If the price drops towards the support area, that could be a good opportunity to open long positions.
Support Area: $0.185-$0.203
Resistance Area: $0.280-$0.304
WAN is a distributed ledger that allows for cross-chain transactions and the interoperability of multiple chains.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: $0.2939 - 0.40 - 0.50 - 0.60
Bitcoin liquidation heatmap showing key levels. There's a significant liquidity cluster shining brightly around $60,430 and $63,680. Keep an eye on these levels.
Читать полностью…Bitcoin continues to trade within the triangle pattern, approaching a crucial decision point. The support and resistance levels remain unchanged. Expect sideways movement over the weekend, with potential action unfolding on Monday as the triangle prepares to break.
Читать полностью…Here's a list of significant token unlocks happening in March:
- $DYDX: $114M on March 1
- $ZETA: $14M on March 1
- $SUI: $106M on March 3
- $AI: $17M on March 4
- $DYM: $23M on March 6
- $ENS: $32M on March 8
- $GMT: $29M on March 9
- $APT: $246M on March 12
- $ARB: $2.11 Billion on March 16
- $UNI: $91M on March 16
- $LMWR: $12M on March 16
- $ACE: $37M on March 18
- $MANTA: $40M on March 18
- $IMX: $114M on March 22
- $ALT: $52M on March 25
- $AXL: $38M on March 27
These unlocks could potentially impact their respective token's prices, so it's essential to keep an eye on them.