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#YFI continues the push and made a high of $9186, which is around 12% in profits and i hope you secured some major partials. Price nearly rejected from the resistance, so it can retracement back to support now.
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#ETH Analysis :
#ETH flipped above the major resistance zone of $1700 - $1770 and now acting as major support area. Price is more likely to make a new Higher High and next resistance would be $1880 and higher. Overall, market looks good, so better look for opportunities.
#Bitcoin still continues the pump with the fundamental news events and as per technicals, price can take a retracement now. Also, its about to reach an rejection area looking left around $28,600.
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Here's the analysis of #EGLD :
#EGLD just flipped the major resistance level of $41.10 - $41.50 and on it verge to take it as support zone. Price action is kinda messy in now. But looking at overall market conditions, which is bullish. Potential buys can come from major support only.
#YFI bounced from the area as anticipated and gave a minor bounce around 6-7% in profits. Move stops at Breakeven and hodl the positions.
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#Price broke the $25,000 resistance level. There is possibility of more upside. Market is looking strong. US and European banks are tanking and money will flow into Bitcoin and crypto.
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Сhanges in different types of $BTC wallets (from whales to Shrimps). This shows distribution of BTC over time from Whales to small investors.
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#Bitcoin on 4H TF gave a close below candle and kinda ranging now, Price is being slowed down and hovering over the minor support zone/ hourly area. Also, price is trying to sustain above the $24,000 mark.
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How to Draw a Perfect #Resistance Line ?
1. Identify the trend: Look for a series of Lower Lows
2. Plot the line: Connect two or more significant price points using a straight line tool.
3. Extend the line: Project the line into the future to act as a potential Resistance.
4. Confirm the trend: Look for the price to continue to respect the trend line by testing and staying below it.
Note: Trend lines are just a visual representation and are not always accurate, so it's important to use other technical indicators and analysis in conjunction with trend lines. Also, trendline may and may no be prefect to draw, so you've to adjust with experience.
#BTC make a new Higher High, irrespective of market conditions and flips the level of major resistance to major support area and dropped back immediately to retest the support. Price kinda taking rejection over it, which can be anticipated as to form a new Higher High.
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Here is the analysis of #ALICE:
Price made a rounding bottom and now reached the hourly resistance. This is no trade zone and wait for a better entry. If the price rejects from the resistance zone then we see a retracement toward the $1.45-$1.50 support zone.
#ADA bounced hard and broke the downtrend channel. Price keeps trying to break the resistance level of $0.343-$0.346. A break above this level is bullish and pushes the price toward the $0.395-$0.398 resistance level. Don't rush for a new long position at the current price. The support is $0.321-$0.326 zone and the price may retrace to this zone.
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Here is the analysis of #XRP:
Price took the liquidity and bounced from there. Price is trying to break the local resistance $0.374-$0.378 zone. A break above this zone will push the price toward the $0.42-$0.425 major resistance zone.
#TOTAL2 UPDATE :
#TOTAL2 rejected hard as anticipated in the previous post and even moved lower. Index made a bounce from the strong support area of $490B - $496B. Well, more likely thats not enough as #Bitcoin shifted the structure. We recommend to wait for the market to develop further price action for longs.
#Bitcoin Goes as anticipated, dropped till support area and even goes deeper down till the major support level around $19,300 - $19,875. Well, weekly candle gave all the way rejection and given a close above candle. Body closing were pretty small, so this might continue down in coming weeks.
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#BITCOIN WEEKLY UPDATE :
#BITCOIN strongly rejects the support with the pin bar Candlestick pattern and broke above the resistance too. Price needs a close above candle with big body, which can be anticipated to push till $29,950 - $30,100 level. In between, $20,800 - $29,350 will be the rejection area.
What's Pin Bar Candlestick Pattern ?
A Pin Bar candlestick is a price action pattern in technical analysis that can indicate a potential trend reversal in financial markets. It is formed when the price of an asset opens and trades lower or higher during the session, only to reverse #direction and close near or above/below the open price, leaving a long wick or shadow on one side of the candlestick and a small body on the other.
The long wick or shadow represents a #rejection of the price by the market at that level, indicating that buyers or sellers stepped in and pushed the price in the opposite direction. This can signal a shift in market sentiment and a potential reversal of the trend.
#Traders often use Pin Bar candlesticks in combination with other technical indicators and analysis to make #trading decisions, such as #entering or #exiting a trade, setting stop-loss orders or taking profits.
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.
Here's the analysis of #XMR :
#XMR is been up again over the strong resistance level of $154 - $155 and kinda rejecting now. Well, #Bitcoin is looking very bullish now, so this level might gonna break soon. Nothing here as of now, wait for the range break or resistance breakout.
Binance Will Delist HNT and WABI on 2023-03-24
https://www.binance.com/en/support/announcement/binance-will-delist-hnt-and-wabi-on-2023-03-24-f1a8aa29692b4442a8f18be2076e14a0
Here is the analysis of #YFI:
The price is trading near the support zone. A break of this support brings bearish movement and sends the price to the next support zone of $6524-$6732. A bounce from here is expected toward the $9500-$9600 zone. Use tight stop loss for long positions.
#ALICE rejected strongly from the strong resistance zone and did the retest. If you took the entry at retest. then will be a great one. Currently, price hovering below the hourly resistance area, which can lead in further bearish continuation.
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Here's the Analysis of HOOK :
#HOOK is been rejecting the major support zone of $1.824 - $1.836. Price having strongly bearish momentum , which might lead in breaking the zone. You can take shorts in case of break-below with partials at Minor Support. Alternatively, a strong bullish candle rejection will lead in long positions.
#TWT gave easy shorts with the break and close below, there's a delay in the update, but we got some easy in and out with around 15% profits. I hope you did take it and enjoyed 💪
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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.
How to Draw a Perfect #Trendline ?
1. Identify the trend: Look for a series of higher highs .
2. Plot the line: Connect two or more significant price points using a straight line tool.
3. Extend the line: Project the line into the future to act as a potential support.
4. Confirm the trend: Look for the price to continue to respect the trend line by testing and staying above it.
Note: Trend lines are just a visual representation and are not always accurate, so it's important to use other technical indicators and analysis in conjunction with trend lines. Also, trendline may and may no be prefect to draw, so you've to adjust with experience.
#Bitcoin aggresively pumping and continuously breaking all resistance areas as #USDC recovered and market flew. Currently, price is up till major resistance zone $24,450 - $24,880, where price is taking reaction a bit. If #BTC flips the level, then can see a move till all the way up around $28,500 and higher.
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What is Falling Three Candlestick ?
The Falling Three Candlestick pattern is a bearish continuation pattern that appears during a downtrend. This pattern consists of five candlesticks, with the 1st candle being a long bearish candlestick, followed by 3 small bullish candles that trade within the range of the 1st candlestick, and then a final long bearish candlestick that closes below the low of the 1st candle.
Breakdown of the five candles in the pattern:
The 1st candlestick is a long bearish candle that signifies the continuation of a downtrend.
The 2nd, 3rd, and 4th candles are small bullish candles that trade within the range of the first candlestick. These candles represent a short-term pullback/ consolidation.
The 5th candle is a long bearish candle that breaks below the low of the first candle, indicating a continuation of the downtrend.
This considered a reliable bearish continuation pattern, as it shows that the sellers are still in control despite the brief pause in the downtrend.
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.