The TOTAL2 (altcoin market cap) has managed to break previous levels and is currently testing a significant resistance area. If it breaks above this resistance, we could see the price move towards the all-time high resistance level, which ranges from $1.45 to $1.60 trillion. Overall, the altcoin market is bullish, and we anticipate a continuation of the uptrend.
Resistance Area: $1.20-$1.25 Trillion
Bitcoin has once again reached a new all-time high, breaking above the $90,000 level. The recent correction was brief, and bulls continue to drive the price upward. The next psychological resistance level to watch is $100,000, and it will be interesting to see how the market reacts in the coming weeks. There is a high possibility that the price will fill the CME gap.
Читать полностью…NEO experienced a false breakout above the resistance area but was sharply rejected from that point. The price is now in the no-trade zone, making it wise to wait for new entry opportunities. The support and resistance levels remain the same.
Читать полностью…Grayscale's spot ETF selling has slowed down, while BlackRock and Bitwise continue their steady accumulation. U.S. spot Bitcoin ETFs now hold over 982,000 BTC.
Читать полностью…INJ analysis:
The price has broken out of the long downtrend channel, which is a bullish sign. You can consider opening long positions if the price drops to the support area. We should anticipate a continuation of the upward movement toward the resistance area, and we will observe how the price reacts there.
Support Area: $22.00-$22.50
Resistance Area: $30-$32
The DOGE trade has been remarkable, delivering over 207% profit from our ideal entry point. The price has now reached the resistance area, and we should watch how it behaves there. If it breaks above this resistance, it could pave the way for new all-time highs. Be sure to pin our channel at the top to receive all the signals and updates!
Next Resistance Area: $0.57-$0.60
AUCTION/USDT
Price reached $15.09🚀
More than 175% quick profits so far with 10X Leverage💸
Our team is working hard to identify the best TA+FA based calls for our community. Pin our channel on top to never miss a signal and share it with your friends and family😊
Bitcoin is a nonstop monster, and the FOMO is real. Everyone is expecting a retracement, but the price keeps going up. Currently, the price is in discovery mode, and we may see it pause somewhere for an accumulation phase.
Читать полностью…ETH analysis:
Price is gradually following BTC movements and has broken the resistance area. We may see a shift toward the next resistance area in the coming days.
Support Area: $3000-$3100
Next Resistance Area: $3450-$3600
#DEXE/USDT 50% pump loading 🚀
More than 2Months of consolidation in the Darvas Box = HUGE opportunity.
The breakout is here and All signs point to a monster rally ahead so position yourself before #DEXE takeoff🚀✌️
#DEXE/USDT looks a perfect buy here
Lying on weekly S/R level and accumulation going on from past few weeks above support zone
Macd indicating bullish momentum ahead✌️
Looks ready for a takeoff anytime from here🚀
Buy on MEXC: https://www.mexc.com/exchange/DEXE_USDT
Buy on Binance: https://www.binance.com/en/trade/DEXE_USDT
Targets: $10.6 - $11.5 - $13- $15
MicroStrategy has added 27,200 BTC to its holdings for ~$2.03 billion at an average price of ~$74,463 per #Bitcoin. MicroStrategy now holds a total of 279,420 BTC, acquired for ~$11.9 billion at an average cost of ~$42,692 per Bitcoin.
Читать полностью…BTC has surged above $90,000! 🚀 The Bitcoin network boasts over 1+ billion addresses, yet only 53-55 million are active with a non-zero balance. The true hodlers continue to show their unwavering support for the market!
Читать полностью…AEVO analysis:
Price is currently in a significant accumulation zone on the lower time frame. The accumulation suggests a potential big move is upcoming. You can accumulate some AEVO within the trading range in preparation for the upcoming rally.
Support Area: $0.34-$0.36
Educational Post
What is Divergence?
In finance, divergence occurs when an asset’s market price is moving in the opposite direction of another piece of data, usually represented by a technical analysis indicator. Divergences are used by traders and investors in an attempt to determine if a market trend is getting weaker, which may lead to a consolidation period or a trend reversal.
Trading volume is one simple example of an indicator that can produce divergences. In this case, the market price will create a divergence when moving in a direction that goes against the trading volume. For instance, if an asset’s price is moving up with a decreasing trading volume, one could consider this to be a divergence.
Despite the fact that divergences can occur between an asset’s market price and any other piece of data, they are most commonly used in relation to technical analysis indicators, especially the oscillator types, such as the Relative Strength Index (RSI), and the Stochastic RSI.
Divergences can be positive and negative, but note that they are not always present. A positive divergence may occur when the price of an asset is decreasing, but the technical indicator suggests an increase in the buying forces (or decrease in selling).
As such, a positive divergence may be considered a bullish sign and, in some cases, may precede a price reversal to the upside. In contrast, a negative divergence is seen when the price of the asset is increasing, but the indicator indicates a weakening in the buying forces (or stronger selling pressure).
Divergences may help traders determine their entry and exit points, as well as their stop losses. However, divergences should not be relied on primarily as they are not always visible and can also produce false trading signals.
STRK was able to break above the resistance area, and the long position reached a profit of more than 63% from our entry point. If you missed the earlier opportunity, you can open a long position when the price retests the support area. The resistance area remains unchanged.
Support Area: $0.435-$0.46
Bitcoin is finally cooling off after its recent rally. We might experience some sideways movement before the next upward trend. There's a significant CME gap in the $77,000 to $81,000 range, which is likely to be filled in the coming days before the next move. Consider adding more to your position during dips.
Читать полностью…DOT continues its uptrend and breaks the $5.00 resistance area. The long position printed more than 51% profit in spot. Keep holding the trade with a stop loss. We expect a continuation of the upward movement after a small retracement.
Next Resistance Area: $6.40-$6.70
DEXE/USDT
Price reached $10.175🚀
More than 110% quick profits so far with 10X Leverage💸
November 11, 2024, marked the biggest daily gain in Bitcoin history in dollar terms. The momentum is unmatched as BTC continues to set records.
Читать полностью…Educational Post
What is a Fakeout?
A fakeout is a term used in technical analysis (TA) that refers to a situation where a trader enters a position expecting a price movement that ultimately doesn’t happen. In fact, in most cases, a fakeout is used to refer to a situation where the price goes in the opposite direction of the trade idea or signal.
A fakeout may also refer to a “fake breakout,” or false breakout, where price breaks out of a technical price structure, only to reverse shortly.
A fakeout can amount to a considerable loss. Technical analysts may identify a pattern that fits perfectly with their strategy, and looks to be playing out as expected. However, the price may reverse very quickly due to outside factors, and the trade can quickly turn into a hefty loss. As such, in anticipation of a fakeout, many traders will plan their exit strategy and put on stop-loss orders in advance of entering trades. In fact, this is quite a common strategy for basic risk management.
#DEXE is currently breaking out of its Darvas Box on the daily chart, signaling a potential massive move🚀
Once we get cconfirmation form #BTC it will pump hard✌️
#DEXE Massive news is coming as team is giving us hint to drop something huge and it’s about to send DEXE through the roof.
🔗 https://x.com/DexeNetwork/status/1856003453601943934?t=5QqhwX9XvfwZWp0xhykudg&s=19
Don’t wait guys this pump is going to be big🚀🚀
30 minutes left🚀
Get ready for a strong news based SPOT call at 4PM GMT today!
Exchange: Binance & MEXC
Get ready for a strong news based SPOT call at 4PM GMT today!
#BTC trading above $80k and altcoins are on fire🚀 This time we’re about to drop a mid-cap GEM💎 that’s primed to explode.
Get ready this is going to be bigger and massive than #ARPA #AUCTION🚀
Exchange: Binance & MEXC