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A FIBONACCI OPPORTUNITY 🔥 $NEAR $AVAX $GALA Here 3 Altcoins In "The Golden Pocket"👇 Recent days, the crypto market has experienced a significant drop. Its market capitalization fell by 7% to $2.43 trillion. That's a weekly bearish start which is affecting many altcoins. Corrections may bring in new opportunities and that's the reason why I made a list of 3 cryptos that may will emerge as top performers during this downturn: Near Protocol (NEAR) NEAR experienced a significant drop in its market value amidst a bearish market trend. Within two days, it fell by 14% and now trading at $6.28 from its peak at $8.41. The current price falls within the 23.60% to 38.20% Fibonacci retracement levels, this may translate into a potential reversal and thus a climb over $8.43 Avalanche (AVAX) AVAX faced a significant correction over the last three weeks, failing to reach the 50% Fibonacci retracement level despite an initial breakout to $65. The current correction has led to 3 consecutive bearish weekly candles and a 19% reduction in market value. This also could be an opportunity according to AVAX fit into the current Fibonacci level Gala (GALA) GALA is dealing with challenges in the middle of a potential upturn due to a recent decline following a breakout attempt. Although, GALA is now getting near to the 50-week EMA and so offering a possible buying opportunity #CryptoMarketAlert #Altcoinseason2024 #Fibonacci #CryptoAmbush #learntoearn

A FIBONACCI OPPORTUNITY 🔥 $NEAR $AVAX $GALA Here 3 Altcoins In "The Golden Pocket"👇

Recent days, the crypto market has experienced a significant drop. Its market capitalization fell by 7% to $2.43 trillion. That's a weekly bearish start which is affecting many altcoins. Corrections may bring in new opportunities and that's the reason why I made a list of 3 cryptos that may will emerge as top performers during this downturn:

Near Protocol (NEAR)

NEAR experienced a significant drop in its market value amidst a bearish market trend. Within two days, it fell by 14% and now trading at $6.28 from its peak at $8.41. The current price falls within the 23.60% to 38.20% Fibonacci retracement levels, this may translate into a potential reversal and thus a climb over

$8.43

Avalanche (AVAX)

AVAX faced a significant correction over the last three weeks, failing to reach the 50% Fibonacci retracement level despite an initial breakout to $65. The current correction has led to 3 consecutive bearish weekly candles and a 19% reduction in market value. This also could be an opportunity according to AVAX fit into the current Fibonacci level

Gala (GALA)

GALA is dealing with challenges in the middle of a potential upturn due to a recent decline following a breakout attempt. Although, GALA is now getting near to the 50-week EMA and so offering a possible buying opportunity

#CryptoMarketAlert #Altcoinseason2024 #Fibonacci #CryptoAmbush #learntoearn

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$MATIC IS FINALLY BACK! 🔥& Here Is Why 👇 Polygon Matic has just purchased Toposware for $30 million! Toposware is blockchain that is specialized in the zero-knowledge (ZK) technology. ZK technology has an extreme value because it enhances the privacy and improves the scalability. Basically, it helps to handle more transactions and to verify transactions without revealing sensitive details (like sender, receiver or the amount). By acquiring Toposware, Matic has also obtained 11 top engineers with strong ZK knowledge. This will accelerate the zero-knowledge integration! In my opinion, this move will set Matic as a leader in the ZK technology area and as a "first-mover", it will have a huge and strategic advantage (e.g. industry trend, integration with existing solutions, etc) How Zero-Knowledge (ZK) Works? 🤯 You want to enter a club with a bouncer who requires you the proof of age (21+). Normally, you would show your ID, revealing your age and other personal details to get in... However, with ZK technology, you use a "special method" to prove you are over 21 without showing the ID document. This works because the bouncer verifies your age through a cryptographic proof (created by another entity where you actually verified your age). By this way, you can enter the club but they won't know your exact age! Do You Still Own Matic? What Price Will Reach? 🤔 Let Me Know In Comments! STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝 #PolygonMATIC #PolygonGrowth #MATICUPDATE #Altcoins2024
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CAN $ARB RECOVER? 🤔🤔 Here Is The Answer! 👇 Based on chain data, Arbitrum (ARB) has recently increased its TVL (total value locked) up to $3.1 billion (+30% since May 1)! That's an important metric that shows a positive sentiment (trust) among investors to lock their funds into this project. Also, another significant milestone has been achieved by Arbitrum: over 1 billion transactions have been processed, showing high user activity. Despite recent gains, ARB remains far off its ATH, currently trading 54% lower. In my opinion, the correction is almost over (see weekly MACD) and if we "zoom out" on a monthly time frame, we can notice that the current price is sitting between R1, S2 and the grey trend. Also, an inverted head and shoulders pattern has been formed (daily time frame). Monthly momentum Indicator (MOM) recently became positive and thus indicate that a potential inversion is ahead. According to the current situation, I'll implement the following strategy: Short Term Strategy + Hedge If the price reaches S2, I will open a long position and take profit on R1 (25%) and on R2 (75%). Stop loss on $0.89. Currently, EMA 10, RSI and HUL are bearish and that's why I do wait for S2. In case the market goes against me, I'll open a short position on $0.89 and take profit on S1. It's really important that ARB's price doesn't fall off the gray trend (see the picture) and stays above S2. Extra considerations: On June 16, ARB will release/unlock 92.65 million tokens valued at approximately $105.62 million (3.2% supply). That's an extra reason (beside indicators) to be cautious and wait the price to reach S2. For investors who may plan to hold ARB for the medium/long term (at least 3 months), then this current price could be considered for a DCA strategy! In fact, there is still a probability that ARB recovers and reach $2.3 Do You Think ARB Can Reach $2 In the Next Months? 🤔 Let Me Know In Comments! STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 - DYOR 🙏 NFA.🤝 #ArbitrumUpdate #ARBPRICEPREDICTION #Altcoins2024
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