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BlackchenOG
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$ETH We all know that the ETHETF has not started its trading yet hence a sell the news occurs. now my ideal price entry for ETH/ETH.P is around 3291.24 while setting a stop loss below LL is the ideal stop loss to set. Aiming for HH for a price target at 4100 and beyond MOON!!! the goal of this chat analysis is to snipe a good discounted entry point for our dear followers Take note: Breaking the stop loss may result in a more bullish activity, No need to be FOMO I already spilled the sauce chasing a raging rocket is dangerous better wait for its exhaustion (Disclaimer: Not financial advice, your money | your decision)
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SEC Approves Spot Ethereum ETFs Amidst Market Reactions On May 23, 2024, the U.S. Securities and Exchange Commission (SEC) approved the sale of spot Ethereum Exchange-Traded Funds (ETFs) in the United States. This decision marks a significant milestone for the cryptocurrency market. Interestingly, Gary Gensler, the Chairperson of the SEC, did not vote in favor of the Ethereum ETF approval. However, the majority vote carried the decision. This is in stark contrast to the approval of the Bitcoin ETF (BTCETF), where Gensler voted in favor of (BTCETF) but never forgot to issue a disclaimer highlighting the inherent risks for future BTCETF investors, emphasizing that his approval did not eliminate these risks. Notably, the BTCETF approval and its trading commencement occurred on the same day. In contrast for Ethereum ETFs, it may take weeks or even months before the trading of the newly approved Ethereum ETFs begins. This delay could be a contributing factor to the recent "sell the news" phenomenon observed in the Ethereum market. Stay tuned for a detailed chart analysis of ETHUSDT/ETHUSDT.P in my next post. -------------------------------------------------------------------------- Next Post Preview: Detailed Chart Analysis for ETHUSDT?ETHUSDT.P
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$STRK not financial advice 🔥 don't take it if you don't feel it. DYOR TAYOR 👌 strictly follow stoploss to avoid further loss.
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$ALT Here's my technical analysis for ALTUSDT I will post a link below for its fundamental why I think it is bullish Technical analysis (chart): Spotted an inverted Head and Shoulders pattern where a potential target is already determined price neart at 0.5267 Failure to hold the lowest low may result to a market breakout to the downside. stay vigilant and stay safe. Fundamental analysis link here: FUNDAMENTAL ANALYSIS FOR ALTUSDT #bullish #ALTUSDT
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$ALT 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. #ALTrestaking
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