BSW/USDT on the Verge of a Breakout
$BSW
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{future}(BSWUSDT)
Moving Average (MA 200):
The price is currently trading at $0.0638, just below the 200 SMA, which stands at $0.0644. The resistance at the 200 SMA could present a challenge for the price to rise further. If the price breaks above the 200 SMA, it could indicate a shift in sentiment from bearish to bullish, as this level often marks a turning point.
VWAP:
The VWAP is at $0.0626, and the price is slightly above this level, signaling short-term bullish momentum. A continuation of price action above the VWAP supports the likelihood of upward price movement in the near term.
RSI:
The RSI is currently at 68.61, which suggests the asset is nearing overbought conditions. While not yet in the danger zone, traders should be cautious as the RSI moves closer to 70, as it might signal a potential pullback.
MACD:
The MACD shows a bullish signal, with the MACD line at 0.0007 and the signal line at 0.0004. The widening distance between the two lines suggests building upward momentum. However, watch for any crossovers that could indicate a potential shift in trend.
Bullish Scenario:
If the price breaks above $0.0650 and sustains above the 200 SMA, the next target could be $0.07 - $0.075. An RSI moving above 70 and continued MACD strength would support further bullish momentum.
Bearish Scenario:
If the price fails to break above the 200 SMA and returns below $0.0615, it could suggest a return of bearish pressure. In this scenario, key support levels lie near $0.0580 - $0.0600. A bearish MACD crossover and weakening RSI would confirm this downtrend.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult a financial advisor before making investment decisions.
BEL/USDT Eyeing Higher Levels After Breakout
$BEL
{spot}(BELUSDT)
{future}(BELUSDT)
Moving Average (MA 200):
The price of BEL/USDT is trading at $0.5928, above the 200 SMA, which is currently at $0.5630. This break above the 200 SMA suggests that long-term sentiment has shifted towards a bullish outlook. The 200 SMA is now acting as support, signaling potential for further upward movement.
VWAP:
The VWAP is at $0.5710, with the price above it. This confirms the short-term bullish bias, as prices staying above the VWAP typically reflect buying strength and momentum continuation.
RSI:
The RSI is at 75.68, indicating that the market is entering overbought territory. While this suggests strong bullish momentum, traders should be cautious of a potential pullback or consolidation due to the high RSI.
MACD:
The MACD shows positive divergence, with the MACD line at 0.0086 and the signal line at 0.0015, confirming upward momentum. The widening of these lines suggests continued bullish pressure.
Bullish Scenario:
If BEL/USDT can maintain support above $0.5900 and push through resistance near $0.6250, the next target could be around $0.70 or higher. A continued rise in the RSI, staying above 70, along with a widening MACD, would strengthen the bullish outlook.
Bearish Scenario:
A failure to hold above $0.57 and a break below the 200 SMA could signal a bearish shift. The first support would be near $0.54. A weakening RSI and a bearish MACD crossover would confirm the downside potential.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult a financial advisor before making investment decisions.
A group of 18 state attorneys general recently urged President Joe Biden to take action for the release of Tigran Gambaryan, a Binance executive detained in Nigeria since February 2024.
Gambaryan, a former U.S. federal agent, has reportedly faced deteriorating health, including a bout of malaria.
U.S. diplomats and officials, including Secretary of State Antony Blinken, have been in talks with Nigerian authorities, pressing for his release on humanitarian grounds due to his lack of medical care.
The U.S. has raised concerns about the legality of his detention and has called for swift action to secure his return, emphasizing the risks posed to his health.
His wife and supporters have also been vocal, urging the government to take more decisive measure
Positive comment for Bitcoin: âUptober will continueâ
QCP stated that the Bitcoin (BTC) price has reached $ 70,000 and spot ETFs have gained a new dimension.
QCP, which published a market report on Telegram, reported that an âexcitingâ week was behind the crypto market. QCP drew attention to the fact that BTC touched $ 69,000 with a 10 percent increase. The report stated that the psychological resistance level at $ 70,000 has become visible.
QCP evaluated whether the rally will continue next week without any macro data.
According to QCPâs report dated October 19, sustainable inflows will continue with the SEC approving BTC ETF options.
The QCP report stated that Bitcoin dominance is approaching 58 percent, a level seen in April 2021. The dominance, which is at its highest level of the year, is expected to reach the resistance at 60 percent and start to decline. QCP believes that this development in Bitcoin dominance will pave the way for a strong recovery in Tier-1 coins.
Arguing that the general outlook in the market is positive, QCP stated that inflation in Japan continues to weaken and headline inflation has decreased from 3.0 percent to 2.5 percent. Markets are focusing on the fact that the Bank of Japan will not increase interest rates in the near future. According to QCP, the macroeconomic outlook in Japan keeps BTC strong.
The report included the following statements;
âThe fact that US stocks are near all-time highs and the Japanese yen has entered a new weakening trend indicates that risk perception will strengthen further as the US elections approach. This will push risk assets even higher and âUptoberâ will continue.â
#CryptoDeNostradame #ParrotBambooCrypto
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Bitcoin is edging closer to a confirmed breakout as it repeatedly pushes against tough resistance levels. Pseudonymous trader Rekt Capital has highlighted that BTC is just one daily close away from validating a breakout from a seven-month range. With BTC currently trading at $68,512$, the excitement is palpable!
The Countdown Begins: Bitcoin is pressing beyond the very top of the resistance area, and a daily close beyond this red resistance could position BTC for a confirmed breakout. This move is essential to confirm the lack of upside wicks beyond resistance, making it a critical moment for Bitcoin enthusiasts.
Weekly Chart Setup: Zooming out, Rekt Capital notes that Bitcoin is printing a similar setup on the weekly chart, with a weekly close like this being highly bullish. The anticipation is building as the crypto community watches closely to see if Bitcoin can sustain this momentum and break free from its multi-month channel top resistance.
#Therapydogcoin #MemeCoinTrending #SCRSpotTradingOnBinance #BTCSoarsTo68K #BNBRisesTo600
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đ„ Aptos NFT Mint
Two years ago, Aptos launched the mainnet, and in honor of this, the team opened an NFT mint. The excitement is great, more than 2 million pieces have already been minted.
đ§ There are reasons for this, everyone remembers how Aptos gave away a drop for a mint of a regular NFT, so why not do it again, considering that they have 49% of the supply allocated to: grants, ecosystem projects and the community.
Mint deadline is October 26th.
It's unclear whether this NFT will play any role in the event of a second drop, but it wouldn't hurt to mint it. đ
#APT #Aptos
{spot}(APTUSDT)
**Ondo Finance Shows Short-Term Gains Amid Market Volatility**
Ondo Finance has experienced a notable 4.65% increase against the US Dollar in the last 24 hours, outperforming the broader cryptocurrency market, which saw a 3.37% rise. Despite these gains, the coin is trading 22.45% below its predicted value for October 25, 2024.
The short-term sentiment remains bullish with a projected 30.11% increase over the next five days. However, the medium-term outlook is less optimistic, as ONDO has declined by 22.46% in the past three months.
The Fear & Greed index currently reads "Greed" at 73, indicating potential overvaluation. Investors should exercise caution, given the inherent volatility and unpredictable nature of the cryptocurrency markets.
In a stunning twist of fate, a Canadian trader experienced the ultimate financial rollercoaster. Starting with an impressive investment of $88,000, this savvy trader managed to grow their portfolio to a jaw-dropping $400 million! đđ° Their incredible success was fueled by smart trading strategies and a keen eye for market trends.
However, the thrill of victory quickly turned into the agony of defeat. In a shocking turn of events, the trader lost it all, bringing their portfolio crashing down to zero. đ±đ This story serves as a powerful reminder of the volatile nature of trading, where fortunes can change in an instant.
While the trader's journey highlights the potential for immense wealth, it also underscores the importance of risk management and emotional resilience in the world of finance. đȘđ Many traders dream of such astronomical gains, but this cautionary tale demonstrates that with great rewards come great risks. As they rebuild, this trader will likely carry valuable lessons learned from both their triumphs and setbacks, reminding us all that the market is unpredictable. đâš
#MemeCoinTrending #WhichMemeCoin? #BinanceLabsInvestsLombard #BTCSoarsTo68K #WhichMemeCoin?
đšđšHow to Find a Good and Legit Telegram Airdrop đđ°
Airdrops have become a popular method for crypto projects to distribute tokens, and Telegram is often used as the platform for promoting these giveaways. However, finding a good and legitimate airdrop requires caution to avoid scams. Hereâs a guide to help you spot the right opportunities:
1. Research the Project đ
Before joining any Telegram airdrop, research the project behind it. Look for information about the team, the project's roadmap, and its presence on reputable platforms like CoinMarketCap or CoinGecko. Legitimate projects often have clear documentation and a solid online presence.
2. Check the Community and Social Media đ
Join the project's official Telegram group and monitor activity. Legit projects have active discussions with clear communication from admins. Also, check their Twitter, Reddit, and Discord channels to see if theyâre engaged with the community.
3. Avoid Requests for Personal Information đ«
Be wary of airdrops asking for sensitive data like private keys, passwords, or personal documents. Legitimate airdrops only ask for your wallet address and simple actions like sharing a post or joining a group.
4. Use Airdrop Aggregators đ
To avoid scams, use trusted airdrop aggregators like AirdropAlert or Airdrops.io. These platforms vet projects and list only legitimate opportunities.
By following these steps, you can safely participate in genuine Telegram airdrops and avoid fraudulent schemes. Happy airdropping! đ
#AirdropBinance #Airdrops_free #telegramMining #Write2Earn! #TelegramCEO
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{spot}(XRPUSDT)
{future}(ADAUSDT)
âXRP may be thrown in the choppy seaâ
Bitget chief analyst Ryan Lee evaluated the course of the XRP price along with the developments between the SEC and Ripple.
According to crypto analyst Lee, the latest objection made by the US regulatory body SEC against Ripple may distance market participants from XRP in the short term. The analyst thinks that XRP, which is classified as a ârisky assetâ due to the litigation processes, will start to lose blood.
Referring to the speculations that XRP will rise, Lee argued that the popular altcoin will not be able to rise amid the current uncertainties. The analyst predicted that the XRP price will fluctuate between $ 0.50 and $ 0.80.
Bitget crypto analyst Ryan Lee argued that the $XRP price will not exceed $ 0.80 for the rest of 2024.
The SEC's move against Ripple shook the crypto market. The SEC appealed the case, which resulted in Ripple's victory. The move was met with a response from Ripple that âwe will continue to fight.â
The SEC did not appeal the decision that XRP was not a security. In its appeal, the SEC asked the court to review the decision regarding Rippleâs $XRP sales on exchanges and the personal sales of Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.
The legal process, which is considered by the XRP community to have âno major impact,â could affect the XRP price, according to Lee. The analyst thinks that legal uncertainty will increase price volatility in the popular altcoin.
Lee noted the following;
âThe price of XRP is likely to fluctuate between $0.50 and $0.80 by the end of the year, but this forecast is highly dependent on regulatory developments, especially in the US market, and changes in the crypto market.â
Rippleâs chief legal officer Stuart Alderoty claimed that the litigation processes will extend until July 2025.
#CryptoDeNostradame #ParrotBambooCrypto
US Regulators Close Yet Another Bank in the Second Bank Crash of 2024, Only Two Months Into the Year
Authorities put a stop to a bank located in Oklahoma which now makes the second US deposit institution to fail this year, and it is still only February.
According to the Office of the Comptroller of the Currency, it has closed down the First National Bank of Lindsay.
According to the agency, false and misleading banking records among other records were also submitted on behalf of the bank capital which triggered the need for action to avoid further deterioration of the bank capital.
âThe OCC also determined the bank was in a deteriorating condition to conduct transactions; a lack of sufficiency in the bankâs assets over its liabilities was also notedâ
The Attorney General of the United States is going to add weight to this issue, according to the OCC.
âNotably, the Federal Deposit Insurance Corporation reported it assessed the bank on Friday before the close of business hours and all accounts for bank customers were reassigned to First Bank & Trust Co in Duncan, Oklahoma.â
On account of liquidity and covering inadequate capital, a Philadelphia-based bank named Republic Bank recorded the first bank failure this year and was reported to have collapsed in the first week of February.
Some of the most disastrous failures in 2023, such as Franklin Templeton, Signature and First Republic Banks, for instance, had no excuse for failing this. These were followed by a sequence of several more calamities in fact.
Similar to SVB and First Republic that collapsed due to liquidity strains, poor risk policies and unsold securities which caused losses, Signature Bank was also in need of regulation due to a swift withdrawal of deposits.
Only that, it was unable to keep its clients in check because the bank had plenty of robust reliance.
#USRetailSalesBoost #USStockEarningsSeason #BTCSoarsTo68K $BTC
{spot}(BTCUSDT)
đđž How a Crypto Trader Turned $96 into $3 Million Trading TRUMP Tokens! đžđ
The world of meme coins never ceases to amaze! One crypto trader managed to transform a modest investment of $96 into a staggering $3 million by trading TRUMP tokens amid the 2024 U.S. presidential race. Here's how they did it and what it means for the future of meme coins! đâš
đ€ The $96 to $3 Million Success Story:
đ
On August 12th, the trader purchased 608,650 TRUMP tokens on Uniswap, spending only 0.052 ETH (worth about $96 at the time).
đ„ With the political rivalry heating up between Donald Trump and Kamala Harris, PolitiFi tokens like TRUMP surged in popularity, creating high volatility.
đ° Big Profits: Yesterday, the trader sold 6k TRUMP tokens for 11.4 ETH (~$30,000), but they still hold 594,564 tokens valued at $3.06 million!
đ„ TRUMP Token Highlights:
Current price: $4.2, with a market cap of $180.1 million.
Despite an intraday loss of 18.8%, the PolitiFi tokens like MAGA, MAGA HAT, and TREMP are gaining momentum as Trump's prediction market bets surge to 60.1% on Polymarket.
đ Ethereum & Solana: The Backbone of Memecoins:
đ Ethereum memes like Shiba Inu (SHIB) and Pepe coin (PEPE) are showing strong signs of recovery.
đ Solana-based tokens like Dogiwfhat (WIF) and Gluteus Maximus (GOAT) are also gaining traction, benefiting from the scalable nature of the Solana blockchain.
đĄ Key Takeaways:
Meme coins are all about timing and community-driven hype.
This incredible story showcases how small investments can lead to huge gains in the crypto world.
đš Caution: While the potential for gains is high, meme coins are known for their volatility, so always do your research and trade carefully!
đ Whatâs Your Strategy? Do you think meme coins like TRUMP have more potential for explosive growth, or are they just a passing trend? Share your thoughts in the comments below! đ
â ïž Disclaimer: This post is for informational purposes only and should not be considered financial advice.
#BTCSoarsTo68K
#MemeCoinTrending