spotted a bullish wyckoff in the consolidation box.
where spring is already visible as you can see in the photo.
in lower time frame there's a market shift of structure in which the most indication of a bullish reversal.
entry was already hit right after MSS spotted and now market is currently trading into its support level price somewhere near at 1.79 to 1.76, breaking this support might result to a bearish pullback, while strong holding it will result to more bullish activity
here are my upper targets as follow:
2.27 2.39 ideal max target scalp 2.44 bonus target from here and beyond 2.615 2.64 2.79 2.93
there's a potential resistance at 2.844 expect a strong rejection from here.
again none of these are financial advice
please do your own research and invest only what you can afford to lose.
Manta Network Revolutionizes Finance with CeDeFi and Cutting-Edge Technology
Manta CeDeFi Products and Real Returns ( $MANTA ) 🔹Exciting News from Manta Network! 🔹 Manta has just launched its innovative CeDeFi (Centralized-Decentralized Finance) product, and it's packed with features that are sure to catch your attention. One of the standout benefits is the opportunity to earn real, token-denominated returns. This means you can grow your holdings in a tangible, meaningful way, especially important during a bull market when every bit of growth counts. But that's not all! Manta is breaking barriers by bringing strategies that were once exclusive to VIP clients of traditional exchanges directly on-chain. This democratizes access to high-level financial tools, allowing everyone to participate and benefit. Don't miss out on the chance to maximize your returns with Manta's CeDeFi offerings! 🚀 Manta's Modular and ZK Proof Technology Advantages 🔹 Innovations at Manta Network! 🔹 Let’s talk tech! Manta Network is built on a robust foundation of modular and Zero-Knowledge (ZK) proof technologies, making it a standout in the blockchain space. These innovations bring several advantages: Modular Design: This allows Manta to be incredibly flexible and scalable, adapting to various use cases and evolving with technological advancements. ZK Proofs: These ensure high-level privacy and security, allowing transactions to be verified without revealing sensitive information. The potential applications of ZK technology are vast, from privacy-preserving transactions to secure, verifiable computations, positioning Manta at the forefront of blockchain innovation. Keep an eye on Manta as they continue to push the boundaries of what's possible! 💡 Manta Network's Business Development and Research Capabilities 🔹Behind the Scenes at Manta Network!🔹 Manta Network isn’t just about cutting-edge technology; their business development (BD) and research capabilities are equally impressive. Strong BD efforts are crucial for forging partnerships, driving adoption, and ensuring sustainable growth. Their research team is relentless, constantly exploring new frontiers and integrating the latest advancements into Manta’s ecosystem. This commitment to innovation and excellence is what sets Manta apart.
ideally eth must retest the trendline breakout before traders can tell that the market is no longer interested going down and the only way for now is up.
my ideal target is 3291 but the market can still go further depends on the volume of selling pressure.
now if ever market won't break the lower neckline then there's a higher chance that this structure is going to form a consolidation forming a bullish rectangle and later on breaks out to the upside.
We all know that the ETHETF has not started its trading yet
hence a sell the news occurs.
now my ideal price entry for ETH/ETH.P is around 3291.24 while setting a stop loss below LL is the ideal stop loss to set.
Aiming for HH for a price target at 4100 and beyond MOON!!!
the goal of this chat analysis is to snipe a good discounted entry point for our dear followers
Take note: Breaking the stop loss may result in a more bullish activity, No need to be FOMO I already spilled the sauce chasing a raging rocket is dangerous better wait for its exhaustion
(Disclaimer: Not financial advice, your money | your decision)
On May 23, 2024, the U.S. Securities and Exchange Commission (SEC) approved the sale of spot Ethereum Exchange-Traded Funds (ETFs) in the United States. This decision marks a significant milestone for the cryptocurrency market.
Interestingly, Gary Gensler, the Chairperson of the SEC, did not vote in favor of the Ethereum ETF approval. However, the majority vote carried the decision. This is in stark contrast to the approval of the Bitcoin ETF (BTCETF), where Gensler voted in favor of (BTCETF) but never forgot to issue a disclaimer highlighting the inherent risks for future BTCETF investors, emphasizing that his approval did not eliminate these risks.
Notably, the BTCETF approval and its trading commencement occurred on the same day. In contrast for Ethereum ETFs, it may take weeks or even months before the trading of the newly approved Ethereum ETFs begins. This delay could be a contributing factor to the recent "sell the news" phenomenon observed in the Ethereum market.
Stay tuned for a detailed chart analysis of ETHUSDT/ETHUSDT.P in my next post. -------------------------------------------------------------------------- Next Post Preview: Detailed Chart Analysis for ETHUSDT?ETHUSDT.P
AltLayer's staking program is entering Phase II, introducing a new token called reALT. Here's a simplified summary:
"reALT TOKEN INTRODUCTION:" -reALT stands for "restaked ALT Token. -It’s a new token that automatically reinvests rewards for those staking ALT tokens.
"FUNCTIONALITY:" -Staking ALT tokens gives you stALT tokens, which represent your contribution. -These stALT tokens can be converted into reALT tokens using a designated portal.
"ADVANTAGES OF reALT" -reALT tokens can be used in various investment pools, like the Xterio pool. -They allow earning rewards from multiple sources without unstaking. -Rewards are automatically reinvested weekly.
"STAKING POOL UPDATES:" -The Xterio LaunchPool will be updated, encouraging users to switch to the new reALT-based pool. -This switch is facilitated by an immediate withdrawal option. -A 21-day cooldown period for withdrawals from the main staking pool will be reinstated after a 7-day grace period.
"LOOKING AHEAD" -reALT aims to boost engagement and rewards for participants. -More collaborations and activities are planned as AltLayer prepares to launch MACH Alpha.
In essence, AltLayer is enhancing its staking system to make it more rewarding and user-friendly with the new reALT token.