Don't say i didn't tell you about $ETH | CRYPTO MECHANIC on Binance Square

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Don't say i didn't tell you about $ETH 

CRYPTO MECHANIC

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Expecting ETHBTC pair to find a bottom around this zone.
Meanwhile $ETH USD holding well above $3000 so i think there will be one more move up.

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ETH

2,766.97

+2.19%

15.6k

0

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People always ask me how Token unlocks affect the Price? For example $ENA is going to unlock 2 Billion tokens next month which is 13.75% of it's total supply. I will explain it in simplest way possible. Price movements are fully based on supply and demand. If there is good enough demand for the token new supply will be absorbed by the demand and it will have least affect on price. It may go up depending on how much demand is there or it may just do nothing. If there is not much demand for that token and the project unlocks more supply. It can have a negative impact on price. Let me share a simple economic rule More supply + Less Demand = Price goes down More demand + Less Supply = Price goes up More Supply + More Demand = Price stays the same. Now you know how it works and You can apply it on any token.

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$ENA Actually going to unlock 2 Billion tokens next month? This is Massive.

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I shared many Altcoin charts and here is the short summary of the over all market. To be honest i don't see anything good in the market yet. Alts are either consolidating below key broken zones or at the key zone. Some Alts are just in between some important zones. I do not have a clear trade setup on anything right now. I do not care how many people are calling for Altseason. I trade on my own and i don't see anything good I don't buy on hopes.

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$SUI Trading between two important zones. no good trade setup there.

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