This one is one I'm not actively trading, but let's check it anyways... All data is pulled from the 15m, 1h and 4h charts on the spot pair ENA/USDT
4H Chart Analysis
Price Action: The market is trading close to the lower Bollinger Band, indicating bearish momentum with oversold conditions developing. A recovery could occur if the lower band holds.
RSI: Currently at 36, showing bearish momentum but nearing oversold levels. A drop below 30 could trigger buying interest.
It seems I got a bunch of followers due to my last analysis. if you guys want me to check on other tokens, post them below and I will do the same for them when/if possible.
Ever heard someone say, “This coin won’t rise, the whales are eating it!”? Well, the truth is, we are. This is crypto trading. We actively trade, take profits, and grow our portfolios. There’s nothing “evil” about it—that’s why we’re all here. If you’re interested in learning how we do it, stick around. I’ll give you a simple strategy to help you trade like a whale. --- First, What Is DCA? For this guide, I’ll assume you already know what Dollar-Cost Averaging (DCA) is, so I won’t cover the basi
Some people are feeling demotivated today due to the price drop of $USUAL , and as expected, panic is setting in. They're asking whether they should sell. The answer? Yes and no. Panic selling is never a smart move, but at the same time, this isn’t the moment to sit idle either. Learn to read the charts and start actively trading to accumulate more. Today is shaping up to be an accumulation phase.
So, should you sell? Only if the chart shows you've hit a local top. In that case, sell, wait for a favorable price to buy back in, and ride the next pump.
Breaking news: $USUAL holders can't stop winning! We interviewed some holders, their strategy is... Just keeping the coin there doing nothing as it gains value, what a revolutionary strategy!
1. Bitcoin Dominance (57.56%): This level of dominance indicates that Bitcoin is absorbing a large share of the market's capital, which usually isn't great for altcoins. When dominance is high or rising, money tends to flow into Bitcoin rather than altcoins, which can cause altcoins to stagnate or drop. Altcoins typically thrive when Bitcoin dominance falls.
2. Bitcoin's Price Action: Bitcoin is down by 4.89% and has dropped below the middle Bollinger Band ($99,619.50), heading toward the lower Bollinger Band ($93,322.26). The RSI is sitting at 31.77, which is nearing oversold territory but doesn’t yet show strong signs of a reversal. The MACD also looks bearish, with the DIF line below the DEA line and a negative histogram, showing downward momentum.
What This Means:
For Altcoins: As long as Bitcoin dominance stays high or continues to rise, altcoins are likely to underperform relative to Bitcoin.
For Bitcoin's Price: The current trend and indicators suggest that Bitcoin might continue to drop, potentially testing support around $93,322 or lower levels.
If you’re trading altcoins, this could be a time to stay cautious, especially if Bitcoin’s dominance increases further. It’s also worth keeping an eye on overall market sentiment to gauge where things might head next.
$USUAL Investing can be exciting, but it’s also full of risks, as recent events with “The Usual” have shown. Many investors had high hopes for this listing, only to face disappointment moments after it debuted. The price, which started at 0.84, plummeted to 0.64 almost instantly, leaving investors stunned and disheartened.
For some, this sudden drop felt more than just a market correction—it felt like a betrayal. People who trusted this opportunity, hoping to grow their savings or secure a brighter future, saw their money vanish in an instant. It’s a stark reminder that not every new listing is as promising as it seems. This incident isn’t just about numbers; it’s about the emotions tied to those numbers—the dreams, trust, and hard-earned money of countless individuals. Let this serve as a gentle reminder to approach investments with caution and always prioritize research over hype. #USUALSpotPrediction #UsualToken #ScamAware
$USUAL Has surpassed the psychological barrier of $1 USDT and is currently holding it's ground in that level, from this point on increases like 0.3 or more will be a thing of hours, or even minutes, and not days. Keep holding guys!
The crypto community is buzzing with excitement as $USUAL makes its grand debut on Binance today, December 18, 2024. This listing marks a significant milestone for Usual, a decentralized fiat stablecoin issuer, as it steps onto one of the world's largest cryptocurrency exchanges.
The journey of $USUAL has been nothing short of remarkable. Launched through Binance Launchpool on November 15, 2024, it allowed users to stake $BNB and FDUSD to earn USUAL tokens, generating substantial interest and participation from the crypto community.
Today, Binance has opened spot trading for USUAL across multiple pairs, including USUAL/USDT, USUAL/BTC, USUAL/FDUSD, and USUAL/TRY, providing traders with diverse options to engage with this promising token.
In the lead-up to its Binance debut, $USUAL has demonstrated impressive performance. The token's price surged by 97% over the past week, trading at $0.70 with a market cap of $242 million. This upward trajectory has fueled optimism among investors, with many anticipating that USUAL could reach the $1 mark in the near future.
The listing on Binance is expected to further enhance $USUAL 's liquidity and accessibility, attracting a broader audience of traders and investors. Binance's extensive user base and high trading volumes provide an ideal platform for USUALto gain significant exposure and adoption.
As USUAL begins its journey on Binance, the crypto community eagerly watches to see how this innovative token will evolve in the dynamic digital asset landscape. With its strong fundamentals and growing support, USUAL is poised to make a substantial impact in the world of decentralized finance.
The standard coin launch at binance gets around 1-1.9 billion market cap. usual premarket got 1/3 of this and had a limited sale (40,000 tokens per user) and the circulating supply is still below 400 million tokens.
Do your math and research, big pumps are coming $USUAL
Have you tried not doing options and actually trying to figure our graphs and trends instead of following advice of scammers?
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Deva On Crypto
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I am failing day by day. I thought trading would be easy. It seems i was wrong . Literary has no hope. I don't think I can even recover my $150 loss. Sorry mom I failed.