đ Breaking News in Crypto Land! đ
The SEC just scored another win, folks! A federal appeals court upheld the dismissal of Hodl Lawâs lawsuit, which aimed to clarify if Ether (ETH) and the Ethereum network are securities. Hodl Law argued that the SEC's ambiguity was a buzzkill for their operations.
But guess what? The court said, "Nah, no real danger here!" The SEC hasn't investigated or prosecuted Hodl Law for using Ether. So, no dice on forcing the SEC to spill the beans on Ethereum's status.
What do you think? Is the SEC playing it cool or just dodging the question? Drop your thoughts below! đŹ #CryptoNews #Ethereum
$SUN
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SUN has experienced a meteoric rise, surging over 200% in just a few days, from a recent low of 0.016 to a recent high of 0.028.
_Key Levels:_
- Support: 0.016 (recent low)
- Resistance: 0.028 (recent high)
_Trend Analysis:_
The short-term trend has turned extremely bullish, with a clear break above the previous resistance level. The price is currently trading near the recent high, indicating a strong positive trend.
$SUN is experiencing an extraordinary bullish trend, with a rapid price increase in a short period. While the RSI is in extremely overbought territory, suggesting a potential pullback, the price may continue to rise if the momentum remains strong. Traders should watch for a potential pullback to 0.020 before considering further long positions. The next resistance level to watch is 0.035
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Still bullish on $CHO for the long term.
Although altcoins have taken a hit with the increase in Bitcoin's dominance, $CHO at a $5M market cap could be a great entry point. It's available on MEXC, Gate, and Uniswap.
The ecosystem is vast: over 1M users, crypto cards, wallets, exchanges, and a DEX. Plus, the Vault merger offers $CHO holders a share of $120M in revenue and a VLT token drop.
Rumors of a new listing soon.
Letâs see how it goesđ«Ą
PUMP for this week?
Hello to all my friends, from my last update, we know that BTC is trading within range 58K and 61K. And yes we are making some profit trading within this range. But weekend is coming, so whatâs going to happen for BTC?
From Daily chart, we can see a classic double bottom was being formed. Not only that, MACD is creating a bullish signal and also successfully create golden cross. Last but not least, BTC had turned 60K to support and not resistance again. So, itâs high possibility that BTC will rise for this week.
If you read my last update, youâll know that I predicted BTC rise before the dump. Hence, this pump is still working for my analysis. In this case, opening a LONG trade for BTC and looking for a slight pump to 64-65K is expected. Then only BTC comes with a huge dump back below 50K.
I hope you guys enjoy my analysis and itâs useful for you guys. Have a nice day and all the best in 2024. Thanks for your support and love. If youâre agree with my post, donât forget to like, share or comment. Peace and love â€ïž
Avalanche (AVAX) is growing like an avalanche: Is a rally coming?
Avalanche (AVAX), which has partnered with Franklin Templeton, one of the world's largest asset managers, has given a bullish signal.
Avalanche has announced a partnership with Franklin Templeton in the real world assets (RWA) space. The company, which manages $1.6 trillion in assets, has made a splash by choosing Avalanche.
Franklin Templetonâs assets will be tokenized on the Avalanche blockchain. With the announcement, AVAX has risen by nearly 10 percent in the last 24 hours.
Coinpedia, which analyzed the course of AVAX, said:
AVAX is entering the accumulation zone before the bull run, and could create a new ATH (all-time high) in early 2025.
Stating that Avalanche (AVAX) is forming a consolidation (accumulation) similar to the 2021 bull run, Coinpedia stated that the long-term price movement has the potential to create a new ATH.
AVAX, which fell below $18 on August 5, has recovered in recent days. The cryptocurrency, which is traded at $23, is moving towards important resistance areas.
Reminding that AVAX is in the consolidation phase and gaining strength, Coinpedia stated that the $ 28 resistance could be broken.
Bollinger bands have begun to converge, but there is no possibility of expansion. Stating that AVAX will end its bearish effect after breaking Bollinger's average bands and approaching $ 30, Coinpedia said:
Considering the Fibonacci levels, if the AVAX price rises above the consolidation by the end of September, a new ATH could come at $ 154.
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Amidst tumultuous market conditions as of late, Long-Term Holders have been locking in a reasonably consistent $138M in profit per day. With each transaction, a buyer and a seller are matched, with supply and demand imbalances resolved via price changes.
Therefore, we can infer that this ~$138M/day in LTH sell-side pressure is a read for the daily capital inflows required to absorb supply and keep prices steady. While market conditions have been choppy, prices are generally flat over the last few months, suggesting a form of equilibrium is being reached.
Notcoin (NOT) Price Rebound Likely as Investors Buy the Dip â perspective by BeInCrypto
As of this writing, Notcoinâs price is $0.010. This is a notable fall from $0.012, which it hit on August 19 and eventually turned out to be a false breakout. But on the daily chart, the Chaikin Money Flow (CMF) has exited its stay in the negative region and jumped to the positive side.
A falling rating of the indicator, however, shows that distribution is very much present. Therefore, the opposite movement of NOTâs price and the CMF is a bullish divergence, suggesting that investors are capitalizing on the recent discount and buying the dip.
Furthermore, past performance as recent as July reinforces the bias. For instance, as shown above, NOT experienced a downtrend to $0.010 on July 5.Â
During the downturn, the CMF also followed. But moments after the indicator changed direction, the price also followed, eventually driving a 43% increase to $0.017.
However, this does not imply that Notcoinâs price will replicate the exact upswing. But if money continues to flow into the token, a notable rebound could be next. It also appears that traders in the derivative market share a similar sentiment.
As shown below, and supported by growing buying pressure, Notcoin seems poised to break above the bearish formation. For this breakout to happen, buyers must outpace sellers to shift market momentum.
If successful, NOT could rise to $0.013 in the short term and potentially reach $0.016. However, this outlook may be invalidated if crypto whales continue to dump the token.
#MtGoxRepayments #LowestCPI2021 #BinanceLaunchpoolDOGS #PowellAtJacksonHole #Notcoinđđ„
$NOT
**Upbit Halts NEAR Protocol Transactions Amid Network Upgrade**
Upbit, a leading global cryptocurrency exchange, has temporarily paused deposit and withdrawal services for the Near Protocol (NEAR) due to an upcoming network upgrade. The suspension starts on Aug. 26 at 3 am UTC and will last until the upgrade's stability is confirmed.
- **Trading Unaffected**: NEAR trading will continue without interruptions.
- **User Safety**: The pause is a precaution to protect users' assets.
- **Updates**: Upbit will provide updates on the resumption of services.
Upbit, monitored by South Koreaâs Financial Supervisory Service (FSS), ensures compliance with the Virtual Asset User Protection Act. Interestingly, Upbit staff earn significantly more than employees at major banks like Shinhan Bank and KB Kookmin Bank.
URGENT UPDATE REGARDING $ALPACA $TRB $PEPE
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1ïžâŁ ALPACA
ALPACA is experiencing a notable surge of 9.86% to 0.2462, indicating a strong upward momentum. To sustain this trend, ALPACA must break above the 0.25 level and close above 0.26. Success in doing so could lead to further upside. However, failure to maintain this momentum could result in a correction.
2ïžâŁ TRB
TRB is witnessing a remarkable increase of 19.43% to 67.81, showcasing significant buying pressure. To continue this upward trajectory, TRB must break above the 70 level and close above 72. Achieving this could lead to further gains. Conversely, failure to break above the resistance level could result in consolidation.
3ïžâŁ PEPE
PEPE is experiencing a moderate increase of 2.77% to 0.00000817, indicating a gentle upward trend. To build upon this momentum, PEPE must break above the 0.000009 level and close above 0.00001. Success in doing so could lead to further growth. However, failure to break above the resistance level could result in a slowdown.
KEY LEVELS TO WATCH:
- ALPACA: 0.24 (support), 0.25 (resistance)
- TRB: 65 (support), 70 (resistance)
- PEPE: 0.0000075 (support), 0.000009 (resistance)
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#BTCâ #Write2Earn! #BinanceTurns7#CryptoMarketMoves #BinanceLaunchpoolDOGS
đ Bitcoin Bull Run? Key Resistance Levels and Market Confidence Explained
- đ Bitcoin Gains: BTC gained 4% between Aug. 21-22, maintaining the $60,000 support. Analysts suggest breaking above $62,000 resistance is crucial for a bullish trend.
- đč Strong Fundamentals: Bitcoinâs fundamentals and spot ETF flows are solid. Analyst Decode believes BTC must break above the 200-day moving average to resume its bull trend, but momentum has slowed for now. However, optimism remains for Q4.
- đ” Fed's Impact: Investors expect the Federal Open Market Committee (FOMC) to cut interest rates on Sept. 18, with potential rate cuts likely favorable for Bitcoin. A 0.50% cut would signal the end of severe monetary tightening.
- đ BTC vs. Traditional Markets: Despite Bitcoin being 16% below its historical high, gold and S&P 500 are near all-time highs. Bitcoin struggles to establish itself as an uncorrelated asset. Yet, spot Bitcoin ETFs are seeing growing interest, with $226 million in net inflows by Aug. 21.
- đïž Regulatory Outlook: The US presidential election could benefit Bitcoin, with candidates likely to support the digital finance industry. Positive employment and inflation data might lead to less stringent monetary policy, potentially boosting Bitcoinâs chances of breaking $62,000 by year-end.
â ïž Note: This information is for general purposes and not investment advice.
$BTC
{future}(BTCUSDT)
#MtGoxRepayments #BinanceLaunchpoolDOGS #CryptoMarketMoves #BinanceBlockchainWeek #BTCâ
Today, we'll dive into the essential principles of opening and closing contracts, understanding market direction, and identifying optimal entry points.
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1. Analyzing Market Direction: The first step in making informed trading decisions is to identify support and resistance levels. A practical approach is to use the EMA (Exponential Moving Average) to assess whether the market is leaning towards bearish or bullish tendencies.
2. Opening a Position: Let's use the BTC perpetual contract on Binance as an example. Based on a 4-hour chart analysis, if the market shows significant resistance at a certain level, this can be a strategic point to consider opening a position. Ideally, you should wait for the price to spike briefly, then enter a trade as it starts to drop. Setting your stop loss just above the EMA can offer better safety, enhancing the risk-to-reward ratio.
3. Closing a Position: When closing a position, such as in a BTC trade, it's crucial to monitor the 1-hour support levels closely. During a Binance Square session hosted by @éąé©°Bit today, I noticed a slight downward movement that hadnât reached the support level while writing this. However, by the time I finished, it had already broken through.
4. Timing Your Entry: The timing of market entry should be aligned with short-term trends while keeping an eye on the broader market direction. For instance, if you're considering a short position, examine the 1-minute, 5-minute, and 15-minute charts to gauge the market's strength. If the price action is weak and fails to rebound, it could be a good opportunity to enter.
By following these strategies, you'll be better equipped to navigate the complexities of contract trading, ensuring you make well-informed decisions at each step.
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