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#BNT IS BULLISH
Currently BNT has shown break from descending triangle and now it's is moving at a very important resistance $.62 if it breaks the this it is going to show us a rally because I have already shown you ,there is high buying in BNT from last 3 months and There is also twice 50% surge in its price . As market is also positive toward DeFi zone and it is also part of it . So it became important for us . As another pattern was visible in charts rounding bottom which is bullish pattern . You can enter in long from here with leverage around 10× ,SL at $.58 and target can be $.76 .
#BinanceBlockchainWeek #BinanceSquareTalks #pacifictrading
Currently BNT has shown break from descending triangle and now it's is moving at a very important resistance $.62 if it breaks the this it is going to show us a rally because I have already shown you ,there is high buying in BNT from last 3 months and There is also twice 50% surge in its price . As market is also positive toward DeFi zone and it is also part of it . So it became important for us . As another pattern was visible in charts rounding bottom which is bullish pattern . You can enter in long from here with leverage around 10× ,SL at $.58 and target can be $.76 .
#BinanceBlockchainWeek #BinanceSquareTalks #pacifictrading
LONG #Storj
ENTRY -$.575
SL-$.55
TARGET -$.72-$.76
LEVERAGE -5×-10×
#pacifictrading #BinanceSquareTalks #BullishChart
ENTRY -$.575
SL-$.55
TARGET -$.72-$.76
LEVERAGE -5×-10×
#pacifictrading #BinanceSquareTalks #BullishChart
#BTC FORMING BEARISH DIVERGENCE
Currently, BTC is trading at $34,800, facing significant resistance in the $35,000-$36,000 range. Nevertheless, it continues to adhere to a rising channel. About a week ago, we observed a GOLDEN CROSS in BTC, which is generally a bullish indicator. However, today, while BTC is still following an upward trend, there's a concerning decrease in trading volume, signaling a potential bearish pattern. Furthermore, the RSI is also decreasing concerning BTC, indicating a bearish divergence. This is a critical moment for caution. Based on past experiences, November hasn't been a great month for BTC, and we anticipate a potential drop after mid-November, with a retest of the $20,000-$24,000 zone.
What to do now?
If you haven't entered the BTC market yet, consider allocating around 25%-30% of your funds and await developments according to our plan. If BTC retraces to the $20,000-$24,000 zone, you can then consider entering with your full position. Conversely, if it moves in the opposite direction, wait for a break above $40,000 to confirm a breakout before making your entry. If you haven't entered the altcoin market, focus on high-cap altcoins that have experienced substantial drops, around 90%-95% from their all-time highs. Keep some funds in reserve for opportunistic entries. Remember that in this market, timing the lowest entry and the highest exit is challenging for anyone.
#etf #BTC #binancesquare #tia
Currently, BTC is trading at $34,800, facing significant resistance in the $35,000-$36,000 range. Nevertheless, it continues to adhere to a rising channel. About a week ago, we observed a GOLDEN CROSS in BTC, which is generally a bullish indicator. However, today, while BTC is still following an upward trend, there's a concerning decrease in trading volume, signaling a potential bearish pattern. Furthermore, the RSI is also decreasing concerning BTC, indicating a bearish divergence. This is a critical moment for caution. Based on past experiences, November hasn't been a great month for BTC, and we anticipate a potential drop after mid-November, with a retest of the $20,000-$24,000 zone.
What to do now?
If you haven't entered the BTC market yet, consider allocating around 25%-30% of your funds and await developments according to our plan. If BTC retraces to the $20,000-$24,000 zone, you can then consider entering with your full position. Conversely, if it moves in the opposite direction, wait for a break above $40,000 to confirm a breakout before making your entry. If you haven't entered the altcoin market, focus on high-cap altcoins that have experienced substantial drops, around 90%-95% from their all-time highs. Keep some funds in reserve for opportunistic entries. Remember that in this market, timing the lowest entry and the highest exit is challenging for anyone.
#etf #BTC #binancesquare #tia
#COTI
Coti appears to be bullish at the moment. However, today, it experienced a drop after touching the 200-day moving average (200MA) in the 1-day time frame. It has support around $0.048 and is currently following an upward trend supported by buying volume, suggesting a potential rising pattern. For spot traders, it appears to be a good opportunity. Future traders may consider waiting until it touches $0.048. Coti is a part of the DeFi sector, and this month, most of the top-performing coins are from the DeFi sector. Therefore, there is a high chance that positive market sentiment will continue to drive its upward movement.
ENTRY -$.048
TARGET -$.057
LEVERAGE -10×
SL -$.046
Trade ratio -1:4.5
#PYUSD #BinanceSquareTalks #BinanceSquareTrends
Coti appears to be bullish at the moment. However, today, it experienced a drop after touching the 200-day moving average (200MA) in the 1-day time frame. It has support around $0.048 and is currently following an upward trend supported by buying volume, suggesting a potential rising pattern. For spot traders, it appears to be a good opportunity. Future traders may consider waiting until it touches $0.048. Coti is a part of the DeFi sector, and this month, most of the top-performing coins are from the DeFi sector. Therefore, there is a high chance that positive market sentiment will continue to drive its upward movement.
ENTRY -$.048
TARGET -$.057
LEVERAGE -10×
SL -$.046
Trade ratio -1:4.5
#PYUSD #BinanceSquareTalks #BinanceSquareTrends
#TRB update
Currently, TRB is strongly holding in the range of $108 to $112. After a nearly tenfold increase from its last month's price, TRB has yet to exhibit any signs of a reversal. Buying volume continues to outweigh selling volume. However, there is a twist as TRB is forming a Triple Top pattern, which is typically a bearish pattern. If TRB follows this pattern, we might witness a significant drop in TRB's price. Nevertheless, the likelihood of this occurring is lower when compared to the possibility of an upward movement. This is because relying solely on the Triple Top pattern is insufficient to justify taking a short position. Other factors such as buying volume, RSI, and market sentiments do not support a downward scenario.
If TRB breaches the $100 level, it may indicate a downward movement, whereas a breakout at $125 would suggest an upward trend. So, it's prudent to exercise patience and allow TRB to determine its course. Trading within a parallel channel demands patience, and the rewards may not always align with our expectations.
#etf #sbf #PYUSD #BinanceSquareTalks
Currently, TRB is strongly holding in the range of $108 to $112. After a nearly tenfold increase from its last month's price, TRB has yet to exhibit any signs of a reversal. Buying volume continues to outweigh selling volume. However, there is a twist as TRB is forming a Triple Top pattern, which is typically a bearish pattern. If TRB follows this pattern, we might witness a significant drop in TRB's price. Nevertheless, the likelihood of this occurring is lower when compared to the possibility of an upward movement. This is because relying solely on the Triple Top pattern is insufficient to justify taking a short position. Other factors such as buying volume, RSI, and market sentiments do not support a downward scenario.
If TRB breaches the $100 level, it may indicate a downward movement, whereas a breakout at $125 would suggest an upward trend. So, it's prudent to exercise patience and allow TRB to determine its course. Trading within a parallel channel demands patience, and the rewards may not always align with our expectations.
#etf #sbf #PYUSD #BinanceSquareTalks
BITCOIN UPDATE
BTC has once again approached $35,000 after encountering resistance at $36,000. However, we've now witnessed a Golden Cross, a bullish signal. Despite the recent panic selling just a day before yesterday, Bitcoin isn't showing any reversal signals at the moment. It appears poised to reach $40,000 if it manages to surpass the $36,000 resistance. Staying close to this resistance level weakens its position, and Bitcoin is currently trading near $36,000, which is promising. There isn't a significant selling volume, and the RSI is still below 70, while it continues to follow a rising channel. It's advisable to enter the market if it crosses the $36,000 mark and consider booking profits in the range of $40,000 to $42,000, as this area is likely to encounter strong resistance and potentially trigger a reversal.#BTC🔥🔥 #etf #BinanceSquareTalks
#Gas UPDATE
"Don't short Gas at this moment. Many of you might see it as an opportunity because it has surged by 400% in the past few weeks. However, it's currently challenging to predict its next move, but based on psychological resistance, it could be around $10-$11. After reaching $8.8, it experienced a decline, but it has since reversed and appears to be strengthening. If you're willing to take a risk, you can consider going long, but be aware that this is a high-risk move since it has already broken its all-time high. Patience will be key, and we may have an opportunity to short Gas once this rally is over. So, assess your risk tolerance carefully before deciding to go long."
#BinanceSquareTalks #coinbase
"Don't short Gas at this moment. Many of you might see it as an opportunity because it has surged by 400% in the past few weeks. However, it's currently challenging to predict its next move, but based on psychological resistance, it could be around $10-$11. After reaching $8.8, it experienced a decline, but it has since reversed and appears to be strengthening. If you're willing to take a risk, you can consider going long, but be aware that this is a high-risk move since it has already broken its all-time high. Patience will be key, and we may have an opportunity to short Gas once this rally is over. So, assess your risk tolerance carefully before deciding to go long."
#BinanceSquareTalks #coinbase
#solana LONG
Solana has moved as we discussed earlier. Currently, it is trading at $39, which is a resistance area for it. It touched the level of $47, a major resistance, and we witnessed panic selling in Bitcoin as it dropped to $36,000, impacting Solana's price, causing it to fall by 10%. However, it is now attempting to bounce back from this level and is forming a Dragonfly Doji pattern, a bullish signal. Additionally, the Stochastic RSI is signaling a buying opportunity, and the RSI (14) is at a low level. Therefore, you can consider a long position at this moment with a stop-loss at $37.5 and a target price of around $47. It's advisable not to use high leverage, but rather aim for a 5x to 7x leverage.
#etf #BTC #BinanceSquareTalks
Solana has moved as we discussed earlier. Currently, it is trading at $39, which is a resistance area for it. It touched the level of $47, a major resistance, and we witnessed panic selling in Bitcoin as it dropped to $36,000, impacting Solana's price, causing it to fall by 10%. However, it is now attempting to bounce back from this level and is forming a Dragonfly Doji pattern, a bullish signal. Additionally, the Stochastic RSI is signaling a buying opportunity, and the RSI (14) is at a low level. Therefore, you can consider a long position at this moment with a stop-loss at $37.5 and a target price of around $47. It's advisable not to use high leverage, but rather aim for a 5x to 7x leverage.
#etf #BTC #BinanceSquareTalks
Be alert!
Keep an eye on these coins.
Currently, most of the DeFi coins are experiencing a rally, as whales are heavily investing in the DeFi sector, causing their prices to surge. In this month, all of the most pumped coins are from the DeFi sector, for example, TRB, Ray, Hifi, Osmosis, etc.
But if you have missed out on these tokens, you can consider the following coins:
1. #BNT
In the last two months, there has been a high buying volume in this coin, and last month it surged 50% two times.
2. #BIFI
Bifi is not showing upward momentum; instead, it is forming a round top and bottom pattern, indicating a potential price decline to around $288. You might want to consider a short position.
3. #Multi
It is forming a symmetrical triangle on the 1-day time frame, and the RSI is at a moderate level. If it provides a breakout signal in an upward direction, it might be a good candidate for a long position.
In this analysis, I've focused on three coins that seem promising, but remember to also examine other coins in the DeFi sector. If you'd like technical analysis for any other coins, feel free to ask.
#BinanceSquare
Keep an eye on these coins.
Currently, most of the DeFi coins are experiencing a rally, as whales are heavily investing in the DeFi sector, causing their prices to surge. In this month, all of the most pumped coins are from the DeFi sector, for example, TRB, Ray, Hifi, Osmosis, etc.
But if you have missed out on these tokens, you can consider the following coins:
1. #BNT
In the last two months, there has been a high buying volume in this coin, and last month it surged 50% two times.
2. #BIFI
Bifi is not showing upward momentum; instead, it is forming a round top and bottom pattern, indicating a potential price decline to around $288. You might want to consider a short position.
3. #Multi
It is forming a symmetrical triangle on the 1-day time frame, and the RSI is at a moderate level. If it provides a breakout signal in an upward direction, it might be a good candidate for a long position.
In this analysis, I've focused on three coins that seem promising, but remember to also examine other coins in the DeFi sector. If you'd like technical analysis for any other coins, feel free to ask.
#BinanceSquare
#BTC UPDATE
BTC recently encountered a significant resistance level at $36,000 and experienced a subsequent decline. The next crucial support levels to monitor are around $33,500. If Bitcoin manages to hold above this support, our next target could be $40,000. However, if it fails to maintain this support, Bitcoin might drop to a range between $20,000 and $24,000.
Over the past five months, November has not been a particularly favorable period for Bitcoin, with only the year 2020 standing out as a positive exception. There's a possibility that Bitcoin may repeat this historical pattern.
In a longer-term perspective, Bitcoin has been indicating signs of being overbought. Historically, we've observed smaller bull rallies occurring before the halving periods, during which Bitcoin's value often doubled or more from its lowest price after the previous rally. A similar trend was noticed in 2020.
Currently, there's an evident panic selling sentiment, reflected in the volume candles. It's important to avoid making hasty selling decisions. If Bitcoin breaks below $33,500, it might be an opportunity to consider a short position. Conversely, if it rebounds from this support, going long could be a favorable option.
#BTC #sol #BinanceSquare #
BTC recently encountered a significant resistance level at $36,000 and experienced a subsequent decline. The next crucial support levels to monitor are around $33,500. If Bitcoin manages to hold above this support, our next target could be $40,000. However, if it fails to maintain this support, Bitcoin might drop to a range between $20,000 and $24,000.
Over the past five months, November has not been a particularly favorable period for Bitcoin, with only the year 2020 standing out as a positive exception. There's a possibility that Bitcoin may repeat this historical pattern.
In a longer-term perspective, Bitcoin has been indicating signs of being overbought. Historically, we've observed smaller bull rallies occurring before the halving periods, during which Bitcoin's value often doubled or more from its lowest price after the previous rally. A similar trend was noticed in 2020.
Currently, there's an evident panic selling sentiment, reflected in the volume candles. It's important to avoid making hasty selling decisions. If Bitcoin breaks below $33,500, it might be an opportunity to consider a short position. Conversely, if it rebounds from this support, going long could be a favorable option.
#BTC #sol #BinanceSquare #
SHORT #sushi
"Currently, Sushi is trading at $1.24, which is nearly 50% up from its previous value. An important resistance level to watch is at $1.24. If it breaks this level, we can expect it to reach $1.4 and $1.6, but this may result in a long spike candle, followed by a potential price drop. Therefore, it's advisable not to open any long trades at this moment, as the RSI indicator suggests that Sushi is overbought. Additionally, refraining from shorting is recommended, as there are no clear signs of a reversal at the moment. It's better to wait for the right opportunity. You can consider pyramid trading by initiating a short trade at $1.4 with a manageable amount. If the trade moves in your favor, you can add more funds, and if not, you can exit the market. Always prioritize proper risk management and trade wisely."
#BTC #sol #SUSHI/USDT
"Currently, Sushi is trading at $1.24, which is nearly 50% up from its previous value. An important resistance level to watch is at $1.24. If it breaks this level, we can expect it to reach $1.4 and $1.6, but this may result in a long spike candle, followed by a potential price drop. Therefore, it's advisable not to open any long trades at this moment, as the RSI indicator suggests that Sushi is overbought. Additionally, refraining from shorting is recommended, as there are no clear signs of a reversal at the moment. It's better to wait for the right opportunity. You can consider pyramid trading by initiating a short trade at $1.4 with a manageable amount. If the trade moves in your favor, you can add more funds, and if not, you can exit the market. Always prioritize proper risk management and trade wisely."
#BTC #sol #SUSHI/USDT
DeFi IS THRIVING!!!!
Last month, many coins in the DEFI sector delivered outstanding performances, including #TRB , #HIFI , and radium. Among them, #TRB particularly caught everyone's attention as it surged nearly tenfold from its original price. The one-month timeframe displays a significant green candle in the volume, indicating robust buying activity within this sector.
WHAT IS DeFi?
Decentralized finance (DeFi) is a cutting-edge financial technology built on secure distributed ledgers, much like those employed by cryptocurrencies.
WHY IS DeFI IMPORTANT?
DeFi seeks to establish a peer-to-peer network and eliminate intermediaries. Traditional banks often act as intermediaries, charging fees for their services, and DeFi aims to eradicate these fees. All you need is an internet connection and Dapps to lend and borrow without any middleman involvement. Interest rates will be determined by the parties involved, rather than government regulation. In essence, DeFi provides a decentralized alternative to traditional finance. With the crypto market continually expanding and a growing need for financial solutions, DeFi emerges as an excellent choice.
WHICH COIN SHOULD YOU CONSIDER NOW?
#BNT
BNT coin is currently displaying high volatility. In the last month, it has surged by 50% on two occasions, and its August and October volume candles are substantial, indicating strong buying interest. It's worth noting that BNT has experienced a significant 90-95% drop from its all-time high (ATH). This presents an excellent opportunity to buy at the current price and consider waiting for a breakout above $0.61 in the future, as there appears to be a potential double top pattern forming. BNT could be the next big performer, much like #TRB
Last month, many coins in the DEFI sector delivered outstanding performances, including #TRB , #HIFI , and radium. Among them, #TRB particularly caught everyone's attention as it surged nearly tenfold from its original price. The one-month timeframe displays a significant green candle in the volume, indicating robust buying activity within this sector.
WHAT IS DeFi?
Decentralized finance (DeFi) is a cutting-edge financial technology built on secure distributed ledgers, much like those employed by cryptocurrencies.
WHY IS DeFI IMPORTANT?
DeFi seeks to establish a peer-to-peer network and eliminate intermediaries. Traditional banks often act as intermediaries, charging fees for their services, and DeFi aims to eradicate these fees. All you need is an internet connection and Dapps to lend and borrow without any middleman involvement. Interest rates will be determined by the parties involved, rather than government regulation. In essence, DeFi provides a decentralized alternative to traditional finance. With the crypto market continually expanding and a growing need for financial solutions, DeFi emerges as an excellent choice.
WHICH COIN SHOULD YOU CONSIDER NOW?
#BNT
BNT coin is currently displaying high volatility. In the last month, it has surged by 50% on two occasions, and its August and October volume candles are substantial, indicating strong buying interest. It's worth noting that BNT has experienced a significant 90-95% drop from its all-time high (ATH). This presents an excellent opportunity to buy at the current price and consider waiting for a breakout above $0.61 in the future, as there appears to be a potential double top pattern forming. BNT could be the next big performer, much like #TRB
MARKET UPDATE
At the beginning of the month, we witnessed a significant drop in the value of several coins, with some experiencing declines of 10-20%, despite their strong performance in the previous month. This raises the question of whether this market movement is due to the actions of large investors, commonly known as "whales," or if it signifies the end of a short-term bullish trend.
In recent years, October has traditionally been a favorable month for the cryptocurrency market, but November hasn't consistently followed the same positive trend. The only exception has been during halving years over the last five years, which have seen gains. In contrast, the years 2018, 2019, 2021, and 2022 have generally been bearish. This historical pattern indicates a potential for a market downturn this month, possibly occurring in the third or fourth week.
As of today, Bitcoin maintains its position at $34,000, which is a positive sign. Many of the coins that experienced a drop were those that had seen substantial inflation in their prices. This correction may be intended to liquidate futures traders with high leverage, including those using up to 5x leverage. It's crucial to exercise caution when opening trades with high leverage in the current market.
Looking ahead, December and January have not historically been favorable months for the cryptocurrency market based on the data from the past decade. It's advisable to closely monitor assets like #TRB , which is currently priced at $112 and showing signs of bullish momentum, possibly moving towards its all-time high. Strong assets like Solana, Matic, and Ethereum have been resilient and are holding their value. For #solana a, it's essential to observe its rising channel, and if it breaks $40 , consider a long position.
Bitcoin's price could also experience an upward movement to reach $40,000 in the coming 1-2 weeks, followed by a potential decline.
In light of these market conditions, it's crucial to exercise caution when considering high-leverage trades.
#Meme #etf
At the beginning of the month, we witnessed a significant drop in the value of several coins, with some experiencing declines of 10-20%, despite their strong performance in the previous month. This raises the question of whether this market movement is due to the actions of large investors, commonly known as "whales," or if it signifies the end of a short-term bullish trend.
In recent years, October has traditionally been a favorable month for the cryptocurrency market, but November hasn't consistently followed the same positive trend. The only exception has been during halving years over the last five years, which have seen gains. In contrast, the years 2018, 2019, 2021, and 2022 have generally been bearish. This historical pattern indicates a potential for a market downturn this month, possibly occurring in the third or fourth week.
As of today, Bitcoin maintains its position at $34,000, which is a positive sign. Many of the coins that experienced a drop were those that had seen substantial inflation in their prices. This correction may be intended to liquidate futures traders with high leverage, including those using up to 5x leverage. It's crucial to exercise caution when opening trades with high leverage in the current market.
Looking ahead, December and January have not historically been favorable months for the cryptocurrency market based on the data from the past decade. It's advisable to closely monitor assets like #TRB , which is currently priced at $112 and showing signs of bullish momentum, possibly moving towards its all-time high. Strong assets like Solana, Matic, and Ethereum have been resilient and are holding their value. For #solana a, it's essential to observe its rising channel, and if it breaks $40 , consider a long position.
Bitcoin's price could also experience an upward movement to reach $40,000 in the coming 1-2 weeks, followed by a potential decline.
In light of these market conditions, it's crucial to exercise caution when considering high-leverage trades.
#Meme #etf
Is #BTC Equal to GOLD?
Gold served as a primary form of currency in earlier times, eventually replaced by paper currency. Its limited supply, lustrous qualities, and consistent demand contributed to its high value. Today, most currencies are backed by precious metals like gold, Paper bills redeemables and Other Fiat currency often following a system known as "pegging." These reserves instill confidence in people and help maintain currency value. The currency's worth is determined by the amount of these reserves. For example, in Zimbabwe, excessive note printing reduced the value of the ZWL. Unlike most currencies, gold isn't backed by a physical commodity, relying on its scarcity and practical applications to maintain value.
Similar principles apply to Bitcoin. Some individuals express concerns because it lacks backing by a physical commodity, suggesting it's useless. However, this is a misconception. Bitcoin's limited supply and relevance in an era emphasizing privacy make it a valuable asset. Here, the intersection of demand and limited supply contributes to Bitcoin's value.
DIFFERENCE BETWEEN GOLD AND BITCOIN
Gold has been in use for centuries, widely accepted by countries with strict regulations governing its transport. In contrast, Bitcoin, a relatively recent innovation, lacks universal acceptance and comprehensive regulations. Gold poses security risks due to the possibility of theft, while Bitcoin offers ease of transfer between locations. Both assets share a characteristic of limited supply and are unique within their respective categories. Gold is generally more stable compared to Bitcoin.
While Bitcoin may not currently be considered a primary currency due to its volatility and regulatory irregularities, its growing acceptability and utility are likely to establish it as a necessary asset. Even if it doesn't attain the status of legal tender, it will continue to gain value and be recognized as a compelling investment option akin to gold.
#BTC #sol #Gold
Gold served as a primary form of currency in earlier times, eventually replaced by paper currency. Its limited supply, lustrous qualities, and consistent demand contributed to its high value. Today, most currencies are backed by precious metals like gold, Paper bills redeemables and Other Fiat currency often following a system known as "pegging." These reserves instill confidence in people and help maintain currency value. The currency's worth is determined by the amount of these reserves. For example, in Zimbabwe, excessive note printing reduced the value of the ZWL. Unlike most currencies, gold isn't backed by a physical commodity, relying on its scarcity and practical applications to maintain value.
Similar principles apply to Bitcoin. Some individuals express concerns because it lacks backing by a physical commodity, suggesting it's useless. However, this is a misconception. Bitcoin's limited supply and relevance in an era emphasizing privacy make it a valuable asset. Here, the intersection of demand and limited supply contributes to Bitcoin's value.
DIFFERENCE BETWEEN GOLD AND BITCOIN
Gold has been in use for centuries, widely accepted by countries with strict regulations governing its transport. In contrast, Bitcoin, a relatively recent innovation, lacks universal acceptance and comprehensive regulations. Gold poses security risks due to the possibility of theft, while Bitcoin offers ease of transfer between locations. Both assets share a characteristic of limited supply and are unique within their respective categories. Gold is generally more stable compared to Bitcoin.
While Bitcoin may not currently be considered a primary currency due to its volatility and regulatory irregularities, its growing acceptability and utility are likely to establish it as a necessary asset. Even if it doesn't attain the status of legal tender, it will continue to gain value and be recognized as a compelling investment option akin to gold.
#BTC #sol #Gold
#solana IMPORTANT ZONE
Currently, SOLANA is trading at $36. For the past few days, it had been following a rising channel, which it broke out of two days ago. It is now attempting to re-enter that channel. Additionally, there is a notable resistance zone in the range of $37-$40, which has historically caused price declines in Solana's trading history, making this a critical level.
Given that the RSI (14) is currently high, a correction could be anticipated in this area. After the correction, we might see a potential breakout above the $40 level. If it manages to surpass $40, the initial target could be in the range of $47-$50. As a precaution, it is advisable not to initiate any trades at this moment and instead wait for the right opportunity. While there may be an opportunity to gain 10-20% if the price moves favorably, it is important to be aware that this involves a high level of risk. We should also consider risk reduction strategies.
#tia #solana #Meme
Currently, SOLANA is trading at $36. For the past few days, it had been following a rising channel, which it broke out of two days ago. It is now attempting to re-enter that channel. Additionally, there is a notable resistance zone in the range of $37-$40, which has historically caused price declines in Solana's trading history, making this a critical level.
Given that the RSI (14) is currently high, a correction could be anticipated in this area. After the correction, we might see a potential breakout above the $40 level. If it manages to surpass $40, the initial target could be in the range of $47-$50. As a precaution, it is advisable not to initiate any trades at this moment and instead wait for the right opportunity. While there may be an opportunity to gain 10-20% if the price moves favorably, it is important to be aware that this involves a high level of risk. We should also consider risk reduction strategies.
#tia #solana #Meme
#XRP
XRP IMPORTANT UPDATE
Currently, XRP is trading at a level of $0.58, which presents a significant resistance. About a week ago, it attempted to break through this level but was unsuccessful. Interestingly, there was no substantial selling pressure during that attempt, and the price continues to hover around this mark. If XRP can successfully breach this level, there is potential for substantial gains, particularly because this price point has also served as a resistance over a one-month timeframe, adding to its significance.
Therefore, it's advisable to exercise patience and monitor the situation until XRP successfully surpasses the $0.60 level. Once it accomplishes this, it could be a good opportunity to consider a long position. It's essential to maintain a low leverage position due to the potential for an upcoming Bitcoin dump that could impact the overall market. Potential price targets after the breakout include approximately $0.66, $0.75, and $0.96. Overall market sentiments currently appear positive. To manage risk, consider setting a stop-loss (SL) at around $0.53.
#arbitrum #xrp #etf
XRP IMPORTANT UPDATE
Currently, XRP is trading at a level of $0.58, which presents a significant resistance. About a week ago, it attempted to break through this level but was unsuccessful. Interestingly, there was no substantial selling pressure during that attempt, and the price continues to hover around this mark. If XRP can successfully breach this level, there is potential for substantial gains, particularly because this price point has also served as a resistance over a one-month timeframe, adding to its significance.
Therefore, it's advisable to exercise patience and monitor the situation until XRP successfully surpasses the $0.60 level. Once it accomplishes this, it could be a good opportunity to consider a long position. It's essential to maintain a low leverage position due to the potential for an upcoming Bitcoin dump that could impact the overall market. Potential price targets after the breakout include approximately $0.66, $0.75, and $0.96. Overall market sentiments currently appear positive. To manage risk, consider setting a stop-loss (SL) at around $0.53.
#arbitrum #xrp #etf
ENTRY #TRB
TRB has broken out of a descending channel in the 8-hour time frame and is now retesting the $119 level, where it previously experienced a decline. This time, TRB has formed a red candle at $118. While there is a possibility of another drop from this point, it's important to note that the RSI remains low in longer time frames, and market sentiment is generally positive. Therefore, it would be prudent to wait for a break above the $119 level. If it successfully breaks this level, it could be a signal to consider a long position, with the potential to reach its all-time high.SL will be around $100-$104 .
#Meme #etf #gbtc
TRB has broken out of a descending channel in the 8-hour time frame and is now retesting the $119 level, where it previously experienced a decline. This time, TRB has formed a red candle at $118. While there is a possibility of another drop from this point, it's important to note that the RSI remains low in longer time frames, and market sentiment is generally positive. Therefore, it would be prudent to wait for a break above the $119 level. If it successfully breaks this level, it could be a signal to consider a long position, with the potential to reach its all-time high.SL will be around $100-$104 .
#Meme #etf #gbtc
UPDATE #Ethereum
Ethereum is currently trading at $1800, showing significant strength at this level. After reaching $1800, there has been no substantial selling volume, and the RSI(14) remains below 70, which is a positive sign. If it breaks the $1800 level, the next targets could be $1900 and $2000. Other indicators also support a positive trend. In the past two days, the Fear and Greed Index fell but then recovered.
It's not surprising to observe that both Bitcoin and Ethereum are moving in the same direction. Bitcoin began its upward trend on October 10, 2023, and Ethereum followed suit. Bitcoin was previously following a descending triangle pattern in the 4-hour timeframe, but it has now broken out of it and moved higher, indicating a positive development for Bitcoin. If Bitcoin continues its upward trajectory, Ethereum is likely to follow.
Consider opening a long trade at this point, with a stop-loss set at $1725. The target range for this trade would be approximately $1900 to $2000.
#etf #gbtc #fomo
Ethereum is currently trading at $1800, showing significant strength at this level. After reaching $1800, there has been no substantial selling volume, and the RSI(14) remains below 70, which is a positive sign. If it breaks the $1800 level, the next targets could be $1900 and $2000. Other indicators also support a positive trend. In the past two days, the Fear and Greed Index fell but then recovered.
It's not surprising to observe that both Bitcoin and Ethereum are moving in the same direction. Bitcoin began its upward trend on October 10, 2023, and Ethereum followed suit. Bitcoin was previously following a descending triangle pattern in the 4-hour timeframe, but it has now broken out of it and moved higher, indicating a positive development for Bitcoin. If Bitcoin continues its upward trajectory, Ethereum is likely to follow.
Consider opening a long trade at this point, with a stop-loss set at $1725. The target range for this trade would be approximately $1900 to $2000.
#etf #gbtc #fomo
WHY #gas COIN PUMPING ?
The recent pump in Gas coin can be attributed to the announcement from Neo founder Da Hongfei about plans to create an Ethereum Virtual Machine (EVM)-compatible sidechain for Neo. This development increases the utility of both the Neo and Gas tokens, which has likely sparked speculation and contributed to the significant price increase.
When considering a trading strategy for Gas, it's important to note that opposing the market trend can be risky. Gas has reached its all-time high (ATH), and it's essential to be cautious when trading at such levels. Opening a long position with a high-risk appetite may be an option, but always use a Stop Loss (SL) to manage potential losses, as you've mentioned with a $4.8 SL. Keep a close eye on market conditions and be prepared for potential volatility.
#Meme #etf #gbtc
The recent pump in Gas coin can be attributed to the announcement from Neo founder Da Hongfei about plans to create an Ethereum Virtual Machine (EVM)-compatible sidechain for Neo. This development increases the utility of both the Neo and Gas tokens, which has likely sparked speculation and contributed to the significant price increase.
When considering a trading strategy for Gas, it's important to note that opposing the market trend can be risky. Gas has reached its all-time high (ATH), and it's essential to be cautious when trading at such levels. Opening a long position with a high-risk appetite may be an option, but always use a Stop Loss (SL) to manage potential losses, as you've mentioned with a $4.8 SL. Keep a close eye on market conditions and be prepared for potential volatility.
#Meme #etf #gbtc
#bitcoin UPDATE
Bitcoin is currently following a descending triangle pattern in the 4-hour time frame, and the Fear & Greed Index has dropped from 72 to 60. The 4-hour RSI (14) is currently trading below 70, while the 1-day RSI is showing a value above 80. The volume indicator is not indicating high selling pressure, as it approached its resistance level of $36,000. Bitcoin faces significant resistance levels at $32,000, $36,000, and $40,000. However, Bitcoin has managed to break the $32,000 level and is currently holding at $34,000, suggesting a potential break of the $36,000 level. Historically, Bitcoin has experienced dumps before halving events.
In conclusion, it is advisable to refrain from trading Bitcoin until it exhibits a clear upward or downward movement. If Bitcoin rallies upwards, there is a good chance it will break the $36,000 level. On the other hand, if it experiences a downturn, a target range of $20,000 to $24,000 appears reasonable.
#etf #gbtc #fomo
Bitcoin is currently following a descending triangle pattern in the 4-hour time frame, and the Fear & Greed Index has dropped from 72 to 60. The 4-hour RSI (14) is currently trading below 70, while the 1-day RSI is showing a value above 80. The volume indicator is not indicating high selling pressure, as it approached its resistance level of $36,000. Bitcoin faces significant resistance levels at $32,000, $36,000, and $40,000. However, Bitcoin has managed to break the $32,000 level and is currently holding at $34,000, suggesting a potential break of the $36,000 level. Historically, Bitcoin has experienced dumps before halving events.
In conclusion, it is advisable to refrain from trading Bitcoin until it exhibits a clear upward or downward movement. If Bitcoin rallies upwards, there is a good chance it will break the $36,000 level. On the other hand, if it experiences a downturn, a target range of $20,000 to $24,000 appears reasonable.
#etf #gbtc #fomo
