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Identifying support and resistance levels involves analyzing price charts for points where the price of an asset has reversed or paused its trend. Here's a general approach to finding these levels:
1. Support Level: This is a price level where a downtrend is likely to pause due to a concentration of demand. As the price of Ethereum approaches this level, buyers enter the market and drive the price up, preventing it from falling further.
2. Resistance Level: This is a price level where an uptrend is likely to pause due to a concentration of supply. As the price of Ethereum approaches this level, sellers enter the market and drive the price down, preventing it from rising further.
Based on the description of the chart you've provided, it seems that the support level could be around the lower price range where the price has bounced back up after touching it, and the resistance level could be around the higher price range where the price has fallen after reaching it.
For a more precise analysis, you would typically look for areas where the price has bounced multiple times in the past, indicating strong buying or selling interest. It's also helpful to use technical analysis tools and indicators to assist in this process.
Please remember, this is a simplified explanation, and actual chart analysis should be done carefully, considering multiple factors and using appropriate technical analysis tools. Always do your own research before making any trading decisions.
#TrendingPredictions #Ethereum✅
1. Support Level: This is a price level where a downtrend is likely to pause due to a concentration of demand. As the price of Ethereum approaches this level, buyers enter the market and drive the price up, preventing it from falling further.
2. Resistance Level: This is a price level where an uptrend is likely to pause due to a concentration of supply. As the price of Ethereum approaches this level, sellers enter the market and drive the price down, preventing it from rising further.
Based on the description of the chart you've provided, it seems that the support level could be around the lower price range where the price has bounced back up after touching it, and the resistance level could be around the higher price range where the price has fallen after reaching it.
For a more precise analysis, you would typically look for areas where the price has bounced multiple times in the past, indicating strong buying or selling interest. It's also helpful to use technical analysis tools and indicators to assist in this process.
Please remember, this is a simplified explanation, and actual chart analysis should be done carefully, considering multiple factors and using appropriate technical analysis tools. Always do your own research before making any trading decisions.
#TrendingPredictions #Ethereum✅
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There will be a huuuge $DOGS drop for the most active Notcoin users. Hey Gold and Platinum guys.
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Dogs are going to Binance 🔥
Large community, nice vibe, cool app. Such meme 😎
Love to support you all the way.
There will be a huuuge $DOGS drop for the most active Notcoin users. Hey Gold and Platinum guys.
💎🐶💎🐶
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Now you can enter the DOGS bot and switch your withdrawal to the Binance exchange and get up to 20,000 DOGS during the listing on this exchange!
💵But that’s not all, we have a special bonus link where you can get up to $600 in bonuses when registering on Binance. The link is below ⬇️
💰 https://www.binance.com/en/event/tradingface
#BinanceLaunchpoolDOGS
🖥 Daily news
➡️ Last week, there was a net outflow of $14.16 million from spot Ethereum ETFs.
➡️ Bitwise has acquired ETC Group, a London-based issuer of cryptocurrency exchange-traded products.
➡️ In Malaysia, authorities destroyed 985 empty ASIC miner boxes with a steamroller, apparently as a deterrent.
Read more
➡️ Yandex has banned ads related to digital assets, mining, blockchain technology and cryptocurrency projects.
Read more
🪙 $6,67 | 💰 $59,040 | ☺️$143,37
➡️ Last week, there was a net outflow of $14.16 million from spot Ethereum ETFs.
➡️ Bitwise has acquired ETC Group, a London-based issuer of cryptocurrency exchange-traded products.
➡️ In Malaysia, authorities destroyed 985 empty ASIC miner boxes with a steamroller, apparently as a deterrent.
Read more
➡️ Yandex has banned ads related to digital assets, mining, blockchain technology and cryptocurrency projects.
Read more
🪙 $6,67 | 💰 $59,040 | ☺️$143,37
📊 In August, public mining companies published their July performance:
✔️ Marathon Digital mined 692 BTC, increasing its operating capacity by 5% to 27.5 EH/s. The company holds 20,818 BTC.
✔️ Riot Platforms mined 370 BTC and holds 9,704 BTC. Its hashrate at the end of the month was 23.3 EH/s.
✔️ HIVE Blockchain Technologies mined 116 BTC and holds 2,533 BTC.
✔️ Bitfarms mined 253 BTC with a hashrate of 11.1 EH/s.
✔️ Hut 8 Mining mined 105 BTC and holds 9,102 BTC. Its hashrate at the end of the month was 13.4 EH/s.
✔️ Marathon Digital mined 692 BTC, increasing its operating capacity by 5% to 27.5 EH/s. The company holds 20,818 BTC.
✔️ Riot Platforms mined 370 BTC and holds 9,704 BTC. Its hashrate at the end of the month was 23.3 EH/s.
✔️ HIVE Blockchain Technologies mined 116 BTC and holds 2,533 BTC.
✔️ Bitfarms mined 253 BTC with a hashrate of 11.1 EH/s.
✔️ Hut 8 Mining mined 105 BTC and holds 9,102 BTC. Its hashrate at the end of the month was 13.4 EH/s.
Big News: $DOGS on Binance Launchpool! 🟠🐶
We’re thrilled to announce that $DOGS will be officially listed on Binance with Launchpool! 😎
This is a huge milestone for our community, and we can’t wait to see $DOGS take its place on one of the world’s largest exchanges 🦴
Option to withdraw to Binance is available in the app already 🤑
Don't forget: you need to pass KYC in order to be able to deosit to Binance 🥷
If you don't have an account yet, you can register here 🏴☠️
Up to +20,000 $DOGS will be gifted for deposit to Binance 🟠
First 500,000 users will get 20,000 $DOGS, remaining 10,000 $DOGS - overall up to 22b $DOGS on "first come" basis
We’re thrilled to announce that $DOGS will be officially listed on Binance with Launchpool! 😎
This is a huge milestone for our community, and we can’t wait to see $DOGS take its place on one of the world’s largest exchanges 🦴
Option to withdraw to Binance is available in the app already 🤑
Don't forget: you need to pass KYC in order to be able to deosit to Binance 🥷
If you don't have an account yet, you can register here 🏴☠️
Up to +20,000 $DOGS will be gifted for deposit to Binance 🟠
First 500,000 users will get 20,000 $DOGS, remaining 10,000 $DOGS - overall up to 22b $DOGS on "first come" basis
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no referral
No investment
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Understanding Bitcoin Price Drops Amidst High Japanese Interest in Withdrawals from US Banks
In recent times, the cryptocurrency market has experienced fluctuations, notably in Bitcoin's price, leaving many investors puzzled about the underlying causes. One significant factor contributing to Bitcoin's recent price drops could be attributed to heightened interest among Japanese investors in withdrawing their funds from US banks.
Japan has long been at the forefront of cryptocurrency adoption, with a vibrant community of enthusiasts and a regulatory environment conducive to digital asset investments. However, amidst global economic uncertainties, including the Federal Reserve's monetary policies and concerns about inflation, Japanese investors are increasingly seeking alternatives to traditional banking systems.
The surge in Japanese interest in withdrawing funds from US banks stems from a variety of reasons, including a desire for greater control over their assets, concerns about the stability of the US banking system, and a growing appetite for decentralized financial instruments like Bitcoin. Additionally, geopolitical tensions and trade disputes may also be influencing Japanese investors' decisions to diversify their holdings away from US-based assets.
Bitcoin, often heralded as "digital gold" and a hedge against inflation, has emerged as a preferred store of value for many investors seeking refuge from traditional financial markets' volatility. Consequently, when Japanese investors opt to convert their fiat currency holdings into Bitcoin, it can lead to increased selling pressure on exchanges, resulting in temporary price declines.
#HotTrends #Bitcoin(BTC)
In recent times, the cryptocurrency market has experienced fluctuations, notably in Bitcoin's price, leaving many investors puzzled about the underlying causes. One significant factor contributing to Bitcoin's recent price drops could be attributed to heightened interest among Japanese investors in withdrawing their funds from US banks.
Japan has long been at the forefront of cryptocurrency adoption, with a vibrant community of enthusiasts and a regulatory environment conducive to digital asset investments. However, amidst global economic uncertainties, including the Federal Reserve's monetary policies and concerns about inflation, Japanese investors are increasingly seeking alternatives to traditional banking systems.
The surge in Japanese interest in withdrawing funds from US banks stems from a variety of reasons, including a desire for greater control over their assets, concerns about the stability of the US banking system, and a growing appetite for decentralized financial instruments like Bitcoin. Additionally, geopolitical tensions and trade disputes may also be influencing Japanese investors' decisions to diversify their holdings away from US-based assets.
Bitcoin, often heralded as "digital gold" and a hedge against inflation, has emerged as a preferred store of value for many investors seeking refuge from traditional financial markets' volatility. Consequently, when Japanese investors opt to convert their fiat currency holdings into Bitcoin, it can lead to increased selling pressure on exchanges, resulting in temporary price declines.
#HotTrends #Bitcoin(BTC)
Hello Binance guys, here is some alpha for you:👀
🎁 Epsiloan Protocol is starting a HUGE onboarding campaign over the next 3 months with a total reward pool of more than $100,000.
💰All participants will be rewarded for being part of our community, on top we will randomly select 1,000 winners to receive an extra $20 worth of tokens.
Engage and be active, it will make a difference.
👨👩👧 Use your referral link to bring your friends and spread the word.
🏆 Top referrers will be greatly rewarded:
Top 10: $200 worth of ELN each
11-20: $100 worth of ELN each
21-50: $50 worth of ELN each
51-100: $20 worth of ELN each
🔥 Gigachad referrers with over 1,000 referees will get an extra $2,000 for this achievement.
‼️ Note: Don't try to sybil attack, We will verify for bots and fake/multiple accounts.
🔐 Subscribers who unfollow the mandatory social media tasks will not be eligible.
⏳ Distribution date: June, 2024
check comment
🎁 Epsiloan Protocol is starting a HUGE onboarding campaign over the next 3 months with a total reward pool of more than $100,000.
💰All participants will be rewarded for being part of our community, on top we will randomly select 1,000 winners to receive an extra $20 worth of tokens.
Engage and be active, it will make a difference.
👨👩👧 Use your referral link to bring your friends and spread the word.
🏆 Top referrers will be greatly rewarded:
Top 10: $200 worth of ELN each
11-20: $100 worth of ELN each
21-50: $50 worth of ELN each
51-100: $20 worth of ELN each
🔥 Gigachad referrers with over 1,000 referees will get an extra $2,000 for this achievement.
‼️ Note: Don't try to sybil attack, We will verify for bots and fake/multiple accounts.
🔐 Subscribers who unfollow the mandatory social media tasks will not be eligible.
⏳ Distribution date: June, 2024
check comment
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