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Here's the analysis of #MKR :
#MKR is been given a fakeout below the strong support level of $634 - $654 and reversed back up to retest the resistance at $681 - $685. Well, overall market is suffering, so better hodl on for long position in this and short after break of $634.
What is Rising Three Candlestick ?
The Rising three pattern is a bullish continuation pattern that appears during an uptrend. It consists of 5 candlesticks, with the 1st candle being a long bullish candlestick, followed by three small bearish candles that trade within the range of the 1st candlestick, and then a final long bullish candlestick that closes above the high of the 1st candle.
Here is a breakdown of the five candles in the pattern:
- The 1st candlestick is a long bullish candle that signifies the continuation of an uptrend.
- The 2nd, 3rd, and 4th candles are small bearish candles that trade within the range of the first candlestick. These candles represent a short-term pullback or consolidation.
- The 5th candle is a long bullish candle that breaks above the high of the first candle, indicating a continuation of the uptrend.
The rising three pattern is considered a reliable bullish continuation pattern, as it shows that the buyers are still in control despite the brief pause in the uptrend.
#RLC continues the drop and moved around 20.7% in profits. We recommend to take major partials here and hodl small position now. Price almost tapped out the rejection area to the left.
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Here's the analysis of #MASK :
#MASK sharply rejected the strong support zone of $2.59 - $2.63 and retracement all the to resistance zone of $2.878 - $2.901. Look like price is getting rejection, and might possibly fell back to support. Well, not a opportunity as range is small, better wait for the levels to break.
What is Three Black Crow Candlestick Pattern ?
Three Black Crows is a bearish #reversal candlestick pattern that consists of three long black (or red) candlesticks with small or no shadows. Each #candlestick opens within the previous day's real body and closes lower than the #previous day's close.
This pattern is usually observed after an #uptrend, and it indicates a strong reversal in the market sentiment towards bearishness. The first candlestick represents the beginning of the bearish move, the #second candlestick shows continued selling pressure, and the third candlestick confirms the reversal.
#RLC dropped hard with the market direction, and if you executed the position then you're 15.6% in profit. If you took profits at support then shift Stops to Breakeven or close the half position now. Price still have clean range till $1.15 area support
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Market is dropping heavily now, and even exceeded the mentioned levels. I hope you followed our suggestion for this week, now market is highly volatile, try now to catch bottom or wick entries. Just wait for the momentum to settle down.
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Hello members, to celebrate our upcoming Kucoin Mega Bull Call session we are annnouncing probably the biggest giveaway for our community. All biggest crypto groups coming together to help our community and a total of $10,000 will be given to eligible participants.
Join the bot @Biggestgiveawaybot and get your unique referral link. Share the link with your friends, family and on your social networks.
To eligible for the giveaway you need atleast 5 referral through link and must follow rules mentioned in the bot.
The winner with most number of refferal wil get $3000 reward. Here is full details of how rewards will be given:
RANK REWARD
1 $3000
2 $2000
3 $1000
4 $500
5 $500
6-10 $200
11-50 $50
Final results will be announced on 30th March. Good luck.
#SNX continues to the drop smoothly, and didn't gave any reaction towards the trendline. Price now nearly reached out the major trendline, from where the last longs expected. Break below will give the opportunity for shorts on hourly retest zone.
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#Bitcoin fell lower as mentioned and made a new lower low. Price reach out the minor support area around $21,550 - $21,630. Overall, still more to come and drop till $21,300 and below, so better wait to this weekend and don't over-leverage on any futures trades
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What is #SOPR ?
The #SOPR (Spent Output Profit Ratio) a very simple indicator, which reflects the degree of realized profit and loss for all coins moved on-chain. It’s calculated from spent outputs, the realized value (#USD) divided by the value at creation (#USD) of the output. Or simply: price sold / price paid.
#SOPR values greater than 1 implies that the coins moved that day are, on average, selling at a profit (price sold is greater than the price paid).
#SOPR value less than 1 implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid).
#SOPR value of exactly 1 implies that the coins moved that day are, on average, selling coins at break even.
Successive peaks of high SOPR (creating an indicator uptrend) suggest continual distribution, usually during a bullish price rallies. As more coins are spent back into liquid circulation, the probability of a local or macro market top increases.
#Bitcoin break below the small uptrend channel and showing lower moves with heavy Bearish momentum This is due to #Powell Speech Yesterday, and a similar speech can happen today, so tighten the stop and don't over leverage on trades. Overall, price nearly reach out the $21,500 support zone.
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What is Three White Soldiers Candlestick Pattern ?
Three White Soldiers is a bullish #reversal candlestick pattern that consists of three long white (or Bullish) candlesticks with small or no shadows. Each candlestick opens within the previous day's real body and closes #higher than the previous day's close.
This pattern is usually observed after a #downtrend, and it indicates a strong reversal in the market #sentiment towards bullishness. The first candlestick represents the beginning of the #bullish move, the second candlestick shows continued buying pressure, and the #third candlestick confirms the reversal.
If the pattern is confirmed, it can provide a good buying opportunity with a stop-loss below the #lowest point of the pattern
#OP continue to fell lower and break the strong support zone too. Trade moved further in profits around 15.4%. I hope you secured more in between to closed all. Currently price flipped above the major level again, around $2.60 will be the strong area for rejection.
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Here's the analysis of #TWT :
#TWT is been a large falling wedge pattern and right now hovering over the major support zone of $1.223 - $1.282. Well, price already reacted from there and back again, as seems like might form a lower low now. Currently, no bias until its shifts the structure/ pattern or breaks below the major support.
The Kucoin Mega Bull Call is happening in less than 24 hours! Here are the important details:
Date: Sunday, March 12th
Time: 16:00 GMT
Exchange: Kucoin.com
Pairing: USDT
Official Target: 1000%
Here's what you need to know:
We'll reveal the target coin exactly 24 hours from now. We'll remind you before then.
You must trade on Kucoin to participate. Kucoin is a big exchange with lots of activity, so it's the best place for us to make a big impact. The target coin may not be available on other exchanges, so use Kucoin to make sure you can access it.
Make sure you have USDT in your Kucoin "Trading Account" because it's the most stable and has the highest trading volume.
This process has worked over 50 times, with a success rate of hitting our gain target 96% of the time. Follow the steps of market buy - limit sell, trust your instincts, and work as a team.
Tomorrow is going to be amazing! Get your trading bags ready because the biggest Kucoin Mega Bull Call is happening in just 24 hours.
2.65B #USD Coin supply has been redeemed for the past 24 hours.
There's a lot of FUD going on with #USDC, #DAI, #USDD De-peg As #SVB Crisis Deepens.
Price is retesting the level and rejected from there. The weekly candle closing is the decision zone for next move. #BTC is looking weak on LTF.
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48 hours left till our Kucoin Mega Bull Call
BTC is balancing the wave structure and filling the $19.5K CME gap. The successful retest of the big falling wedge will also be going to happen soon. This is a really strong sign for the market since it means that the massive bull run won't leave any downside liquidity or other things behind. The overall market environment is considerably more favorable than before, as we anticipate a new opportunity in 48 hours.
As previously said, Kucoin is the ideal platform for profiting from small-cap gems, hence Our Mega Bull Call takes place there. There are a lot of trading pairs listed which allow us a wide range of options. Kucoin is used by a lot of retail, algo, and daily active traders, which will increase the volume of our signals. Kucoin also allows users from all over the world to trade and has no KYC requirements. Sign up now if you haven't yet. We have also put together a small guide on how to trade our Mega Bull Call effectively on Kucoin to make sure all our members are well prepared: https://telegra.ph/How-to-Trade-KuCoin-Mega-Bull-Call-09-20
Read pinned post | Stay tuned
Nearly -14% down since the Start of the March 👀
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#Bitcoin just breaking all its support levels due to major announcement for Biden and Other fundamentals Factors. Price is no more hodling bullish market structure on HTF and $20,000 is the physiological level for now. A weekly candle closing will decide the further move, which is most probably, it will be a down-move.
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Here's the analysis of #RLC :
#RLC slides below the major support zone of $1.541 - $1.644 and now turned it into major resistance. Currently, price retesting the zone for making a potential lower low and expected to reach the next support at $1.354 - $1.371. You can risk accordingly here to shorts till support.
According to On-Chain Data, Approximately 40K #BTC from wallets associated with US Government law enforcement seizures are on the move.
Of these, the majority appear to be internal transfers (so far), however approximately 9,861 #Bitcoins seized from the Silk Road hacker have been sent to our #Coinbase cluster.
What is #aSOPR (adjusted SOPR) ?
#aSOPR (Adjusted SOPR) filters out all #UTXOs with a lifespan of less than an hour from the #SOPR metric to better reflect economically meaningful activity on-chain.
The adjusted SOPR has a similar construction and interpretation to the standard #SOPR metric, however excludes all transaction volume for coins with a lifespan younger than 1Hr.
The benefit of #aSOPR is, this is generally considered a more accurate representation of the aggregate profit and loss that is realized by coins that are changing hands.
Here's the analysis of #NEO :
#NEO moving lower after rejecting the major resistance zone of $12.15 - $12.42 and price about to reach out the flip zone at $10.00 - $10.25. Well, there's pretty much not much range for shorts. Better wait fort he price to reach the any support, and either rejects it or break below.
#TWT is been try to break the pattern to the downside and also the major support zone too. Now, potential short are high probable as 4H candle breaks below. Take low risk as this week having bunch of fundamental news, which will impact the overall global market.
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Here's the analysis of #SNX :
#SNX dropped below the major level and now acts as major resistance zone of $3.023 - $3.066. Well, price maintaining the bullish market structure, while over all market is struggling. Right now, anticipating some move down till $2.38 or near about the trendline for longs. Alternatively, if price flips the major resistance then it will open the gates for longs till major resistance at $3.44.
The 14d average of #aSOPR is now trading above a value of 1.0 on a sustained basis for 40 days so far.
The return of #aSOPR trading above 1.0 on a sustained basis is a typical characteristic as the market recovered from a period of deep and extended losses.
Not much movement happened in #Bitcoin and just created an another consolidation range after the breakout. This might happening due to, normally price ranges after sharp moves. Small channel pattern can be also noticed over there, in which a break out will decide next impulse move.
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Hello members, to celebrate our upcoming Kucoin Mega Bull Call session we are annnouncing probably the biggest giveaway for our community. All biggest crypto groups coming together to help our community and a total of $10,000 will be given to eligible participants.
Join the bot @Biggestgiveawaybot and get your unique referral link. Share the link with your friends, family and on your social networks.
To eligible for the giveaway you need atleast 5 referral through link and must follow rules mentioned in the bot.
The winner with most number of refferal wil get $3000 reward. Here is full details of how rewards will be given:
RANK REWARD
1 $3000
2 $2000
3 $1000
4 $500
5 $500
6-10 $200
11-50 $50
Final results will be announced on 30th March. Good luck.