The price of W has attempted to surpass the resistance area, but it was rejected. However, the price is still near the resistance area and appears to be holding strong. There is a possibility that we may see a break of this resistance area. If the price breaks and closes above the $0.69 level, you may consider opening a long position.
Читать полностью…APE analysis:
Price is currently approaching a support area and it's recommended to wait for new entries. We plan to open new long positions near the support area.
Support Area: $0.99-$1.04
Resistance Area: $1.25-$1.31
ETH Analysis:
ETH is currently trading within a falling wedge pattern, with the price testing a significant support area. Expect potential sideways movement near the support area. Falling wedge patterns typically signal bullish trends and often break out in an upward direction. Keep an eye on ETH for a potential bullish breakout.
Bitcoin has failed to maintain its uptrend and is currently testing the major support area of $59,000-$60,000, which was expected earlier. This is a crucial zone for BTC, and a break below $59,000 will likely bring about panic and more selling in the market. Therefore, keeping a tight stop loss in all open positions is recommended. The next good support level will be in the $50,000-$53,000 area. The news about CZ's 4-month imprisonment is the reason for this dump.
Читать полностью…GAL analysis:
Price is currently at a support level and needs to hold for a potential bounce towards the resistance level. Consider opening a small long position with a tight stop loss.
Support Area: $3.40-$3.65
Resistance Area: $4.83-$5.11
W analysis:
Price is currently testing a resistance area, and a break above it would be bullish. There is also a small uptrend line acting as support. Traders should wait for a break above the resistance area before entering new positions.
Resistance Area: $0.66-$0.69
Bitcoin experienced a surge in its value because BTC ETF trading began on the Hong Kong exchange. However, the price is currently unable to surpass the triangle and is now cooling off. It remains to be seen whether the price will be able to move towards the $64,000-$65,000 level or not. The support and resistance levels remain the same.
Читать полностью…According to Glassnode, Ethereum's supply on exchanges is steadily decreasing, outpacing even Bitcoin's decline.
Investors are actively accumulating long-term ETH positions, signaling strong bullish sentiment.
With this trend, Ethereum could emerge as a frontrunner in the upcoming altcoin rally!
ETHFI had a false break below the support line, which was intended to shake out weak hands. The price has increased over 38% since we entered and we hope that you have also made some profits. If you have any open long positions, please increase your stop loss to the breakeven point. A candle close above $4.50 is bullish and will continue the uptrend.
Читать полностью…NEXO analysis:
Price has formed a triangle pattern and bounced off the support level. It is better to wait for new entries as this is a no-trade zone. We may see some sideways movement inside the triangle.
Support Area: $1.115-$1.185
Resistance Area: $1.366-$1.40
BOND founded in 2019, is a protocol for tokenizing risks. It was launched in September 2020. BarnBridge is a sort of decentralized finance (DeFi) lego for creating tradeable tokens that expose a consumer to market volatility.
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: $3.29 - 4 - 5 - 6
BUY/LONG #BOND on Binance
Entry : current price
Link : https://www.binance.com/en/futures/BONDUSDT
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Monitoring the monthly dilution rate of Short-Term Holder (STH) Supply due to Long-Term Holders (LTH), sorted by transaction profitability, provides invaluable insights. The consistency of the mean over time suggests that the "scarcity" factor remains unchanged, offering a fascinating perspective on market dynamics.
Читать полностью…Bitcoin Dominance has fallen below the significant 55% level and is now breaking below the uptrend line. This break below the uptrend line suggests a positive trend for altcoins. If BTC remains steady within a particular range, we can expect to see an ongoing upward movement in altcoins.
Читать полностью…Bitcoin is unable to hold the $59,000 level and breaks below it. As warned price was dumped hard after the breakdown. We may see some sideways movement here and a test of the $59,000-$60,000 area before the next move.
Читать полностью…Sharks and whales are engaged in a fierce battle to unload their Bitcoin holdings. According to Glassnode data, wallets ranging from under 1 BTC to over 10k BTC are collectively offloading BTC, marked by red sell-offs, while green indicates accumulation.
The current phase reflects that of August to October 2023 when BTC price consolidated around $26-27k before soaring to $73k.
This correction is pivotal to alleviate the FOMO built over months, fostering a healthier market for sustained growth.
The altcoin market cap (TOTAL2) has once again reached the support area, signaling a potential opportunity for accumulation before the next move. Consider accumulating your favorite altcoins during this period of consolidation.
Читать полностью…Over $270 million worth of positions have been liquidated in the last 24 hours, with ETH having the highest number of liquidations.
Читать полностью…BCH has now reached the support area. Price needs to hold this level otherwise see heavy sell-off in the market. You can open a small long position here with tight stop loss.
Support Area: $445-$460
Next Support Area: $340-$360
NULS analysis:
The current price is being tested near the support area and this level must be held. If you plan to open a long position, it is recommended that you do so at the support area while keeping a tight stop loss. We might observe an upward movement from this point towards the triangle's resistance line.
Support Area: $0.57-$0.615
Resistance Area: $0.72-$0.74
Educational Post
Moving Average Convergence Divergence (MACD)
The MACD is a technical indicator composed of two main lines: the MACD line and the signal line, which is a 9-period EMA of the MACD line. The interactions between these lines and the histogram, which represents the difference between them, make this trading strategy effective for analyzing shifts in market momentum and potential trend reversals.
Traders can use the divergences between the MACD and price action to spot potential trend reversals. Divergences can either be bullish or bearish. In a bullish divergence, the price forms lower lows while the MACD forms higher lows, signaling a potential reversal to the upside. Conversely, in a bearish divergence, the price forms higher highs while the MACD forms lower highs, indicating a potential reversal to the downside.
In addition, traders may utilize MACD crossovers. When the MACD line crosses the signal line from below, it indicates upward momentum, signaling a potential buying opportunity.
Bitcoin broke the triangle pattern in a downward direction, indicating a possible move towards the major support area of $59,000-$60,000. However, the market remains relatively unchanged and continues to move sideways.
Читать полностью…BOND/BTC lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. So now is the right time to build your position in it before breakout for massive profits😊🚀
Targets: 5140 - 5900 - 6800 - 8000 satoshi
SL: 4200 satoshi
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Educational Post
Moving Average Ribbon
The moving average ribbon is a combination of multiple moving averages of different lengths. A ribbon can consist of four to eight SMAs, but the exact number may vary depending on individual preferences. The intervals between the MAs can also be adjusted to suit various trading environments. For instance, the default ribbon consists of four SMAs, with 20, 50, 100, and 200 periods.
This trading strategy involves tracking the expansions and contractions of the moving average ribbon. For instance, an expanding ribbon, where shorter moving averages are moving away from the longer ones during price increases, suggests a strengthening market trend. Conversely, a contracting ribbon, where moving averages converge or overlap, suggests a consolidation or pullback.
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📈 Pair: USDT (Futures/Spot)
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🎯 Target: 100%~300% ( Recommended 10x-20x Levrage )
Bitcoin is currently exhibiting a triangle pattern on lower timeframes, with clear support and resistance lines. The impending break of this triangle will dictate the direction of the next significant move in the market.
Читать полностью…