ETH has recently retested the expected support zone and as anticipated, the price has started to move up after the support area retest. If you have opened long positions, it is suggested to increase your stop loss and hold your position. We may see another move towards the $4000 level now.
Читать полностью…Bitcoin has recently rebounded from the support level between $64,000-$65,000 and is currently range trading between support and resistance. It remains to be seen whether BTC will be able to break above the $70,000 resistance area or not. We anticipate more sideways movement for the next 2-3 days.
Читать полностью…The shortage of Bitcoin supply gets more real. In the last 7 days, demand for Bitcoin surpassed supply on exchanges by around +$1.2 billion USD.
Читать полностью…Bitcoin has been struggling to break through the $70,000 mark and recently tested the expected support area. Currently, BTC is holding steady above this support level and we may see some sideways movement over the next few days. If the price does drop, the next support level to watch for is in the range of $59,000-$60,000. The resistance level remains unchanged.
Читать полностью…Educational Post
What is Law of Demand?
Demand can be described as the preparedness of consumers to buy a specific amount of assets, goods or services for a particular price. So, the main elements of demand include, among other factors, the price of the goods, and the consumers’ preferences.
We may assume that the quantity of customers who are willing to purchase a given amount of goods depends on a number of variables. In this case, one of the most important variables is the asset price.
The aspect of demand and supply echoes from that perspective. The law of demand states that as the price of commodities increases, the quantity demanded decreases, and as the price declines the quantity demanded increases.
In other words, the law of demand is perceived to occur in the following circumstances: as the price of an asset or good increase, consumers will opt to buy less. But, if the price declines, they will be naturally inclined to purchase more of the same exact product.
MATIC has been moving upward and the long position has generated a peak profit of more than 75% from our entry. The price is currently testing the support area, and if you missed the earlier opportunity, you can consider opening a small long position here with a tight stop loss.
Support Area: $1.04-$1.09
Resistance Area: $1.48-$1.55
Bitcoin made an attempt to surge past $70,000 but faced rejection. If it fails to breach this level, we may witness a test of the $64,000-$65,000 support range. Anticipate sideways movement during the weekend.
Читать полностью…DEGO is going as predicted and price made a high of $4.21 today. That is more than 75% profit from our entry level. Book some profit here and hold the rest with trailing stop loss.
Читать полностью…UFT made a high of $0.68 today and achieved our second target. That is more than 55% profit from our entry level.
Читать полностью…FIDA BTC pair made a high of 942 today. That is more than 47% profit from our entry. You can book profit or hold with tight stop loss.
Читать полностью…Educational Post
What Is MEV?
When this concept was first introduced, it was mostly associated with the Ethereum network, which used a proof-of-work (PoW) consensus mechanism at the time. As such, miners were the ones with the power to reorder, include, or exclude transactions when producing blocks, and could make these choices to squeeze out extra value.
This led to the term Miner Extractable Value being coined to explain the phenomenon of this extraction of as much extra profit as possible. However, in September 2022, Ethereum finalized The Merge, a technical upgrade that switched the network’s consensus mechanism from PoW to proof-of-stake (PoS).
As such, new blocks on the Ethereum network are no longer created by miners but by validators. PoS systems aren’t immune to MEV, however. Blocks are still being created, so whoever chooses which transactions to include, and in what order, can make decisions that will help them to extract as much money from a block as possible. While the old MEV concept still exists, it is now said to stand for Maximal Extractable Value, since it’s no longer exclusive to miners.
ETH is currently heading towards a support zone for a retest. If you missed the opportunity to open a long position earlier, now is a good time to do so. There is a possibility of a bounce from the support area. The overall trend for ETH is bullish, and we anticipate a break of the all-time high soon.
Support Area: $3450-$3570
Resistance Area: $3950-$4000
YFI analysis:
The current price is attempting to remain above the resistance area. If it manages to stay above this level, we can expect the uptrend to continue. It's advisable to wait for a candle to close above the resistance level before opening new long positions.
As Bitcoin ventures into new territory, it also enters what some call the "euphoria zone," marked by shifts in mood and behavior. According to Glassnode's on-chain data, Bitcoin's Realized Cap, which measures the total wealth stored in the network, has surged to $504 billion, with a $40 billion increase in March alone.
Читать полностью…Bitcoin is currently showing a small rising wedge on lower time frames. This is typically a bearish pattern and often breaks in a downward direction. It's important to note that support on the downside is in the $69,000-$70,000 area. If the price remains above this level, we can expect the upward trend to continue. To protect your positions, it's recommended to set tight stop-loss limits.
Читать полностью…Solana's global Google search interest skyrockets to an all-time high, marking a historic milestone for the revolutionary blockchain platform.
Читать полностью…MANTA analysis:
Price is trading in a range and a break of this will be epic. You can build your position near the support area. MANTA has good potential and will be in the top 20 coins in the coming months.
Support Area: $2.45-$2.60
Resistance Area: $3.75-$4.00
The total marketcap of altcoins, also known as TOTAL2, recently faced rejection from a significant resistance area. We may witness a test of the lower support area in the coming days before the continuation of the uptrend. If you plan to invest in altcoins, it is advisable to wait for some time before opening new long positions.
Support Area: $925-$975 Billion
Resistance Area: $1.20-$1.25 Trillion
QTUM analysis:
Price has been rejected from the resistance area and is moving downwards. This may lead to a test of the support area, which could be a good opportunity for new entries. The price may bounce back after some accumulation at the support area.
Support Area: $3.50-$3.85
Resistance Area: $5.00-$5.50
FIDA continues the upward movement and made a high of $0.726 today. The long position gives more than 120% profit from our entry. You can book the profit now or hold with trailing stop loss. Keep Earning 😊
Читать полностью…MicroStrategy acquired 205,000 Bitcoin over four years.
In contrast, BlackRock swiftly purchased 223,645 Bitcoin for its spot Bitcoin ETF in just a few months.
Our analysis team is a force to be reckoned with. We tirelessly search for the most optimal Technical Analysis (TA) and Fundamental Analysis (FA) setups for our community. If you've benefited from our trades, remember to spread the wealth with your loved ones. Let's keep the earnings flowing! 😊💰
Читать полностью…DEGO BTC pair achieved second target and printed more than 43% profit from our entry.
Читать полностью…FIDA achieved our third Target and print more than 95% profit from our entry level. Book some profit and hold the rest with tight stop loss.
Читать полностью…NEO analysis:
After a breakout, the price is now retesting the support area where we may see a bounce after some accumulation. Consider opening a long position near the support area with a tight stop loss.
Support Area: $15.10-$16.10
Resistance Area: $18.50-$19.30
Bitcoin ETFs have seen an impressive $65 billion in trading volume thus far in March, surpassing February's total volume in just two weeks! 🚀
Читать полностью…As anticipated, Bitcoin's rising wedge pattern was broken in a downward direction, leading to a decline in its value. BTC was unable to maintain the $69,000 support level, indicating that a correction was necessary. BTC had been rising consistently without any retracement, and a period of sideways movement may occur in the next few days before the next significant movement. This is why we advised you to use tight stop-loss in all open positions.
Support Area: $64,000-$65,000
Resistance Area: $69,000-$70,000
BAL has broken the resistance area and also retested it. If you opened long positions on the retest, you would have made more than 28% profit. You should increase your stop loss and hold the position. The price is currently testing the resistance area, and if it is able to break above this level, we can expect to see a continuation of the upward movement.
Resistance Area: $6.00-$6.20
Next Resistance Area: $7.15-$7.60
1INCH is continuing its upward movement, just as we expected. Our long position has given us a profit of over 19% since we entered the market. It is recommended that you increase your stop loss and hold the long position. The price has tested the resistance area, and we may see another test of this area soon.
Resistance Area: $0.675-$0.70