Price breaks the triangle in a downward direction again. The Altcoins market is dumping hard and we may see more downfall. This is why we recommended tight stop loss. If BTC is unable to reclaim the $26,000 level then we see a move toward the $25,500 support area.
Читать полностью…Educational Post
What is Hardware Wallet?
Hardware Wallet is a physical cold storage electronic device that stores the private keys of a user in a secure hardware wallet device in such a way that these keys can never export from the device in any situation.
Hardware wallet keeps your private key secure into the device and it signs the transaction offline.
You have to use the device every-time whenever you wanted to do any bitcoin transaction from the hardware wallet so no one can steal your funds without having the device itself.
All the operations of the transaction occurred securely on the device. The Hardware wallet device only broadcasts the signed transaction hash publicly.
BNB analysis:
BNB was dumped because of the SEC case and the price is now testing the support area. Price need to hold above the $250 level otherwise we see a dump toward the next major support of the $195-$220 area. Don't FOMO for long positions and wait for more clarity in the SEC case.
Nothing has changed yet and the price is trading at the support area. We may see a breakout of this triangle by Monday. The market is in an uncertain area and can go either side. Tight stop loss is recommended in all trades.
Читать полностью…DUSK analysis:
DUSK is trading in a tight range of the $0.13-$0.154 area. You can open a long position at the support level with tight stop loss. A break below $0.13 is bearish, pushing the price toward the $0.10 level.
ATOM broke the triangle in a downward direction. If you have opened short positions then increase your stop loss. The next support is $8.45-$8.65 area.
Читать полностью…Price rejected from the resistance area. Bitcoin is now testing the $26,000 support area. Lets see if price able to hold the support level. A break below $26,000 is extremely bearish.
Читать полностью…NEXO analysis:
NEXO is trading in a symmetric triangle. The support is the $0.62 area and the resistance is the $0.695-$0.70 area. You can open a long position near the $0.62 support area. We will see a clear direction when the symmetric triangle break.
HBAR broke the triangle in downward direction and price is now retesting. You can try small short position here with tight stop loss.
Читать полностью…DREP analysis:
Price gave a fakeout above the resistance area. DREP is now trading between the support and resistance area. The support is $0.226-0.242 area and possible zone for new entries.
Educational Post:
What is Bollinger Bands?
Bollinger Bands are a technical analysis tool for trading developed by John Bollinger in the 1980s. The bands are part of a volatility indicator that calculates the relative high and low of a security’s price in relation to previous trades.
Volatility is measured using standard deviation, which changes as volatility rises or falls. When the price rises, the bands widen, and when the price falls, the bands narrow. Bollinger Bands can be used to trade various securities due to their dynamic nature.
Bollinger Bands are made up of three lines: upper, middle, and lower. The middle band is a moving average, and the trader determines its parameters. The upper and lower bands are on opposite sides of the moving average band. Price usually moves between the upper and lower line of Bollinger Bands (BB).
LTC dumped hard yesterday and the price took the liquidity. This is the reason we told you to book some profit. Wait for a break above the $90 level for new entries. If the price is unable to break above $90 then we see a move toward the $82.20-$83.20 support area.
Читать полностью…COMBO analysis:
Price breaks the falling wedge pattern in the downward direction. We will see a continuation of this downward movement. The next support is the $1.00 area and we may see a move toward this zone.
HBAR analysis:
HBAR is trading in ascending triangle and the price is near the breakout area. A break below $0.049 is bearish and will send the price toward the $0.04 support area. A break in the upward direction will send the price toward the $0.0625-$0.064 area. Wait for a break of the triangle for new entries.
KLAY analysis:
KLAY is slowly moving toward the support of the $0.145-$0.5 area. Wait for a test of the support area for new entries. The resistance is the $0.192-$0.202 area and the price needs to break above this area. This is no trade zone.
Just-In: Binance To Temporarily Suspend All Crypto Margin And Earn Related Services
https://bit.ly/3CixRwP
SEC Chair Gary Gensler Derided for Shock Binance Ties
A recent filing suggests that SEC Chair Gary Gensler once offered to work at the crypto exchange.
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More than $2 Billion withdrawal from Binance in last 7 days. Users accelerate withdrawal after the Binance US and SEC situation.
Читать полностью…https://support.binance.us/hc/en-us/articles/15133607064983
Binance-US Will Remove Selected Trading Pairs, Has Paused OTC Trading
ICP broke the major support area. We may see a move toward the $3.50-$3.60 support area. You can close the long position near the breakeven point. Price need to reclaim above $4.60 to get some bullish movement.
Читать полностью…Bitcoin bounced back hard after the breakdown. The price tested the resistance area and now trading below it. This bounce seems like a bull trap and we may see a test of the $26,000 area very soon. Don't FOMO for long positions. Wait for a breakout above the downtrend line.
Читать полностью…less than 40 minutes left unitill $ADD finance listing on MEXC : https://twitter.com/mexc_global/status/1666087526392803331?s=46&t=jK5Mvlh3_rd_g-TONFL7KQ
as per official announcement from ADD finance team they are going to list on one of major exchange in upcoming weeks.
USDT supply made a new all-time high. Stablecoin supply keeps increasing despite of the bear market.
Читать полностью…Bitcoin broke the descending triangle in a downward direction. Price is now below the major support of $26,000 area. This is not a good sign and we may see more dumps in the market. Keep tight stop loss in all trades.
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