The moving averages reveal the general price trend. The MA(7) has recently crossed above the MA(25), suggesting a potential onset of an uptrend. However, it's important to note that the price is still below the MA(99), which might indicate long-term resistance.
Entry: If you're considering entering a long position it might be prudent to wait for a small correction. A good entry point could be a pullback toward one of the moving averages, especially if the MA(7) maintains its upward momentum. Exit: For long positions, consider taking profits near historical resistance levels or when the RSI shows clear signs of being overbought.
The PEPE market is currently showing strong bullish signals; however, the approaching overbought conditions suggest a potential for volatility or pullback in the near term.
The price is currently positioned above all three moving averages which is a strong bullish indicator.
The RSI is nearing the overbought threshold but is not quite there yet. This indicates strong buying momentum, but also suggests that the price might be nearing a potential pullback or consolidation phase as traders might start taking profits.
Entry Points: If you're not already in a position, consider waiting for a minor pullback or consolidation. Entering at the current level carries the risk of buying near a temporary peak if a pullback occurs due to overbought conditions.
First of all let's Remember that a Megadrop Is ongoing now so I don't think anything Will happen till the end of this campaign (13th May).
Then it's possibile that they'll release a new launchpool. Why?
Because tons of $BNB will be unlocked from 15 days locking period increasing sell pressure so they Need something that keeps the BNB In customers wallets.
Later this month a new Megadrop Will be announced because all the people with 30 days lock Need a motivation to keep BNB lock for 30 more days.
XRP's price has shown some recovery and is currently positioned above both the MA(7) and MA(25), indicating short to mid-term bullish momentum. However, it is still below the MA(99), suggesting that there is still long-term resistance to overcome.
Entry Points: Given the bullish signals from the MAs and RSI, a potential entry point could be on any short retracements that hold above the MA(25). This could be a strategic approach if you expect continued bullish momentum.
Take Profit Points: Considering the resistance posed by the MA(99) and previous price interactions around $0.56-$0.58, setting initial take profit levels just below these points may capture potential resistance reversals.
I tell You why You should consider a trade in RNDR token.
Here my analisys for $RNDR token.
The chart shows a bullish trend in the long term as indicated by the price movement above all moving averages. There is a recent dip followed by a recovery, suggesting a possible trend continuation.
Primary Entry at $9.00-9.10. This provides a good balance between entering the market at a strong support level and capturing the benefits of the bullish trend for #RNDR
ZkLink Nova's TVL Surpasses $500 Million Binance Announced rewards in Web3 Wallet related to this chain. It's possibile that earnings will be very Good for people Who farmed.
To do It make sure You have at least 15$ in $ETH in a chain like Optimism, Arbitrum or another L2.
Go to Binance Web3 Wallet and find the campaign.
Click on ZK Nova campaign and do the task. The First One of to bridge liquidity and then use some dapps in the protocol.
Why I Decided to Invest 0.75 $ETH in a Moonbird #NFT
This was a substantial investment for me, but I have no regrets!
Why?
There are numerous reasons, mainly tied to Yuga Labs.
Firstly, Moonbirds is owned by Yuga, and recently Greg Solano (Garga) returned to lead the company. In recent days, a lot of news has emerged from him and Moonbirds' official Twitter account.
It started with the announcement of "Moonbirds Universe," followed by Garga announcing that he would hand over Otherside to the community.
Speculation suggests that the "Moonbirds Universe" is an island within the Otherside Metaverse. It is confirmed that owners will receive a 3D avatar for use in Otherside.
The art will be updated to correct the error associated with CC0 and will become similar to the Mythics Collection.
Physical collectibles will also be available. Do you remember what happened when Pudgy Penguins released their Toy Collection? There was an incredible surge in the floor price.
Lastly, it’s about my personal branding because I need a strong name and profile picture for branding, and Moonbirds suits me well.
Regaining the IP rights to my Moonbird is crucial as it allows me to experiment with it and launch products.
I’d love to hear your thoughts and will respond to any comments.
My idea Is that no meme Coin have real utility (Sorry Floky fans) so it doesn't matter which One I invest into so if I invest in all of them I can earn on all of them.
Like usual my budget for experiments Is really low but the strategy Is to increase daily budget if price goes down.
I'm showing you my test with real money and keeping track in public for #CryptoWatchMay2024
I'm going to DCA into these #altcoins and share weekly results with you.
Here are my picks:
$TAO Bittensor AI is still a big narrative, and Bittensor is a major player in this game. The average price was above $500, and I predict it will reach that price again.
$MATIC One of my favorite Layer 1 with tons of use cases. I've seen the price fluctuate above and below $1 many times. The current price is $0.71, which I think is a good entry point.
$ORDI Ordinals is another narrative that is still hot, thanks to Rune. I'm bullish on it and see it as a good time to #buythedip because the price was above $50 for a long time.
#bouncebit This is the only token that I'm not DCAing but am farming with #Megadrop
I've included it in the list because the mainnet goes live this month, and the price action could be very good.
BTC
Of course this Coin Is in my Watch list. Halving Just happened and all are waiting for the price rising. If btc make It also all the alts Will explode.
🚀 Make sure to follow me so you can see if my strategy works.
Please don't do this little errors when farming #Binance#Megadrop You can miss the airdrop otherwise ! 1. Lock BNB in the right place. The correct Place to lock BNB is this One in the image. If You put BnB in Flexible You Will not get anything.
2. Do the Web3 Quest. The simple Web3 Quest have the same value of 10 BnB locked for 30 days! Don't miss this big opportunity! If You want some more content Just comment. Leave a tip if this was helpful for you.