#lBrace yourselves!!! BTC has slipped below $59k, and ETH i | abbasinoman714 on Binance Square

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#lBrace yourselves!!!
BTC has slipped below $59k, and ETH is now under $2,700. Is there a better time to buy, even if it brings a tear to your eye 🥹?
$BTC 
$ETH 

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What is PNL (Profit and Loss)? PNL is an indicator of profits and losses in trading. It shows how much you have earned or lost from a transaction. PNL is calculated as the difference between the purchase price and the sale price of an asset. 🔵 If PNL is positive, you have a profit. 🔵 If it is negative, it’s a loss. PNL helps traders track trade performance and analyze their trading strategy. It can be viewed for individual trades or the entire portfolio. #TON #DOGSONBINANCE $SOL $TON $AAVE

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Why long-term Cardano holders are moving ADA Previously dormant Cardano coins (ADA) came on the move on Friday, leading to an increase in the number of active addresses for the day and increased trading activity The ADA exchange rate was almost unchanged for the day despite the high trading activity. Let's find out what it means and whether Cardano fans should wait for a bullish trend. ADA tokens are on the move According to Santiment, on Friday, September 6, the age consumed metric for ADA hit a seven-day high of 6.33 billion. This metric tracks the movement of long-term held coins. It rises when long-term holders start moving coins, signaling possible changes in the market. The growth of age consumed for ADA is accompanied by an increase in the number of active addresses. According to Santiment, the number of addresses involved in ADA transactions reached 54,200. This is an intraday high since March 6. An increase in the number of active addresses usually indicates a positive sentiment, but ADA has responded with a decline. This may suggest that a top has already been formed and the price will continue to decline Cardano price forecast: further - lower On the daily chart of Cardano there are signs of further decline. For example, the points of the Parabolic Stop and Reverse (SAR) indicator, which show the possible trend direction and reversal moments, are above the price. This indicates the dominance of bearish sentiment. In addition, the values of the coin's Moving Average Convergence and Divergence (MACD) indicator indicate the strengthening of the downward dynamics: the MACD line (blue) is located below the signal (orange) and zero lines. Traders often view this as a sell signal, which puts pressure on the asset price. If the downtrend continues, the price of ADA may fall to the August 5 low of $0.27. If the demand for ADA rises, the bearish outlook will fail to materialize. Buying pressure will lift ADA above the resistance level of $0.39 and help it reach the next key mark of $0.48. $ADA

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XRP has lost a critical support level XRP suffered a major setback after losing a critical 200-day EMA support level, which is a major key to determining the direction of the long-term trend. If the asset breaks below this level and a cluster of moving averages, a deeper bearish trend could develop. A downtrend in the market is signaled when an asset crosses the 200-day moving average, which often discourages buyers and increases selling pressure. The attached chart highlights the troubling technical picture. All three major moving averages - EMA 50, 100 and 200 - which are currently resistance levels, XRP is currently trading lower. These moving averages, which once helped price, are now creating serious headwinds for XRP that must be overcome if it is to regain bullish momentum. As the lack of buying interest becomes more and more apparent, the fact that XRP is trading below these numbers indicates a significant decline in market confidence. The recent price decline, which has been accompanied by low volume, is another factor reinforcing the bearish sentiment. The volume indicator has remained low, indicating that investors and traders are not inclined to buy XRP at these prices. XRP may have a hard time stopping the decline if there is not enough volume to support any possible rebound. Looking ahead, $0.48 represents the next significant support level to keep an eye on. This level will have a significant impact on the short-term future of XRP. Price could indicate a deeper correction and potentially lead to increased selling pressure if it falls below this support level. However, XRP could lay the groundwork for a future rebound if it manages to maintain this support level. However, a rebound is unlikely unless there is a surge in buying volume given the current bearish market structure. The RSI has not yet reached the thresholds that signify a reversal. Hence, there are no clear signs of a reversal in sight, even though XRP may be approaching oversold territory. $XRP

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Ethereum Could Fall to $1600

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What is a market order for buying a coin? A market order for buying a coin is an order to immediately purchase cryptocurrency at the current market price. The main advantage of this type of order is the immediate execution, which is important in volatile conditions. However, it’s worth noting that the price may change during the process, making the final purchase price unpredictable. 🔵 Advantage: Quick execution. 🔵 Disadvantage: Inability to control the exact price. A market order is suitable when the speed of the transaction is more important than the exact price. $BTC

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