#BnbAth $JASMY IS NOT OVEREXTENDED AT ALL! THIS IS BEGINNING OF A NEW BULLISH WAVE!

This is not a blow off top, Let me explain.

last time when RSI hit this high and tried to retrace, look the price action didnt retrace much, rather in the next month or so when on to make new high. and then we truly saw move, RSI went upto 95 and that was the top!

According to the fractals we can see the same thing happening with #JASMY now projected to top out between 0.12$ and 0.15$ for this bull wave only!

#btc70k #BinanceLaunchpool #StartInvestingInCrypto #buythedip

#LPT did a successful break and retest of the flag pattern and made a push too. Price made a high of $25, which is 13% - 16% in profits from the zone. Currently, the price is getting a pullback before the next leg up.
$LPT

#LPTLONG #LPT/USDT

#Educational Post

What Is a Sybil Attack?

A Sybil attack is a type of cyber attack where a malicious entity creates and controls multiple fake identities or nodes on a #peer-to-peer network to gain a disproportionate influence over the network. Typically, the attacker creates numerous pseudonymous identities that appear to be distinct entities, aiming to outnumber and overpower the legitimate nodes.

How Sybil Attacks Work

In a Sybil attack, the attacker creates a large number of fake accounts, #nodes , or identities on a network. These fake identities are then used to manipulate the network's operations, voting outcomes, or consensus mechanisms by overwhelming the legitimate nodes.

The attacker often exploits the open and pseudonymous nature of peer-to-peer networks, where identities are cheap to create and difficult to validate. By controlling a majority of nodes, the attacker can potentially censor transactions, reverse transactions (double-spending), or disrupt the network's operations.

$SOL #TopCoinsJune2024 #Binance55thProject(IO) #FIT21 #Metaverse

$FIL $OMG

$DEGO analysis:

Price has broken above the resistance area, signalling a potential continuation of the upward movement. Consider opening a long position upon retesting.

Support Area: $2.38-$2.45

#DEGO/USDT #DEGO/BTC #AnalisisFundamental

$JASMY breakout and ascension now!

It has come +10% off the breakout so far! Target still stands at 0.046$ and 0.05$ short term!

#Binance55thProject(IO) #BnbAth #altcoins #Metaverse

$JASMY $BTC

Binance announced the 55th project on Binance Launchpool - IONET (IO), a Decentralized AI computing & Cloud Platform. Users will be able to stake their BNB and $FDUSD D into separate pools to farm $IO tokens over four days. Binance will then list IO at 2024-06-11 12:00 (UTC).

#Binance55thProject(IO) #Metaverse
#StartInvestingInCrypto #BnbAth

$JASMY can breakout above 0.0397$ short term!

This will easily be a 20-25% swing and we target anywhere between 0.046$ and 0.050$ off this breakout!

#jasmyustd #JasmyTrading #jasmyanalysis

$BNB $USDP

#Altcoin MARKET CAP ANALYSIS

The altcoin market cap has recently broken out of a symmetrical triangle pattern with significant volume, signaling a strong bullish move. Currently, it is trading within a bull #flag pattern, which typically indicates a continuation of the upward trend.

The 100-day moving average is also showing bullish momentum, reinforcing the positive outlook.

A breakout above the bull flag pattern would serve as a bullish confirmation, suggesting the potential for substantial gains in the altcoin market.

#AltcoinAnalysis
$SOL $USDC $BNB

#BURGER/USDT ANALYSIS

BURGER is displaying a clear formation of the cup and handle pattern, a bullish continuation pattern that suggests potential for further upside. Presently, the price is trading within the handle portion of the pattern.

The #IchimokuCloud is also showing bullish momentum, the current price, reinforcing the bullish outlook.

A breakout above the neckline of the cup and handle pattern would serve as a strong #bullish confirmation, indicating a likely continuation of the upward trend and further strengthening the bullish sentiment in the burger.

#analysisreport #altcoins

$BURGER $ETH

Educational Post

What Is Binance Copy Trading?

Binance offers a Copy Trading feature that allows users to automatically copy the trades of more experienced traders, making it easier for beginners to participate in the market. By using this feature, users can automatically execute the same trades as their chosen Lead Trader, without needing to constantly monitor the market.

As of May 2024, Binance Copy Trading is available for Spot and Futures markets in selected locations. These products can be particularly useful for novice traders who wish to learn from seasoned traders or for those who prefer a more hands-off approach to trading.

How Binance Copy Trading Works

1. Selection of traders

The first step in using Binance Copy Trading is to select a Lead Trader to copy. Binance provides a list of Lead Traders, each with a detailed profile that includes their trading performance, strategies, risk levels, and historical data. This information helps users make a more informed decision when choosing a trader to follow.

2. Automatic execution

Once a user has selected a Lead Trader to copy, all of the trader's future trades are automatically mirrored in the user's account. This includes opening and closing positions, as well as adjusting stop-loss and take-profit levels. The automation ensures that users can benefit from the trader's expertise without having to manually execute each trade themselves.

3. Control and flexibility

While Binance Copy Trading automates the trading process, users still retain control over their accounts. They can adjust their copy trading settings, such as the amount of capital they wish to allocate or the ability to stop copying a trader at any time. This flexibility allows users to manage their risk and investment according to their preferences.

$BNB $ETH $BTC

#BinanceLaunchpool #FIT21 #altcoins #btc70k #BnbAth

Please keep in mind

"Trading with the trend, also known as trend following, is an objective in a trading plan that involves taking positions in markets in the same direction as the dominant trend. The idea behind this is that trends in the market tend to persist, and following the trend can lead to higher profits than attempting to predict market reversals.

Traders who follow this strategy typically use trend analysis tools, such as moving averages or trend lines, to identify the direction of the trend and make decisions about when to enter and exit trades. This can involve taking long positions when the trend is bullish and short positions when the trend is #bearish.

Traders need to have a well-defined #RiskManagement plan in place to mitigate these risks and to have a solid understanding of the markets in which they are trading. Additionally, traders should be aware that trends can change and be prepared to adjust their positions accordingly.

$BTC $ETH $BNB

$VET Update:

The cryptocurrency has lost ten percent from the resistance of 0.03692 and reached the support level of 0.03315.

The price is above the moving average of 21 periods and there is a possibility of price growth.

The important resistance is 0.03692 Tether.

#BnbAth #VETUSDT #altcoins #BTC

$RSR Next breakout is here as well! ✔️

After initially giving a 80% move the first time, its now posted for another breakout target 0.0135$ off here!

#BnbAth #btc70k #altcoins #BTC #BinanceLaunchpool

Here's the Analysis of #highusd :
$HIGH rejected strongly from the major resistance area of $7.44 - $7.84 and right now, price testing the trendline zone as support and might go bit lower for a retest. Well, Nothing looks good enough here, better wait for the setup.

#BnbAth #btc70k

Quick Weekly Overview

Today, June 3:

-GME stock up 75%

Tuesday, June 4:

-Australia's first spot Bitcoin ETF with direct BTC holdings to go live on Tuesday

Wednesday, June 5:

-Blockchain Expo North America

Friday, June 7:

-Nonfarm Payrolls for May
-Unemployment Rate for May

Analysis

$BTC has broken above the range high (69k), which is a good sign for bullish continuation.

This week we could see more development for the Ethereum ETF. The SEC's approval of the 19b-4 filings for a spot Ethereum ETF is a significant development. BlackRock and others have updated their S-1 filings, disclosing the fees, and indicating that the ETF could start trading by the end of June or maybe even before.

NVDA stock remains very strong, showing a clear bullish trend. This could affect the crypto AI sector in a good way, especially if BTC remains bullish.

GME stock just pumped 75% pre-market, now retracing a bit after the stock market has open. This could be good for the memecoins sector.

As mentioned in the previous update, if BTC stays above $60k (ideally above $65k), altcoins could still give very good returns. With memecoins leading, other interesting sectors should be: AI, RWA, Ehereum ecosystem, Solana ecosystem.

Keeping an eye on OTHERS, OTHERS.D, $ETH ETH/USD and SOL/USD.

Conclusion

No changes so far. This is a good scenario for a potential altcoin run.

#ETHETFsApproved #BNBCrossing660 #StartInvestingInCrypto #altcoins #buythedip

📗 Educational Post :

Double Bottoms

The double bottoms chart pattern is a reversal pattern that signals a change in price direction. It is basically the opposite of a double top reversal pattern. This pattern signals the reversal of a downtrend into an uptrend.

The image below demonstrates clearly that a double bottom pattern is easily recognizable since it looks like the letter “W”.

A double bottom pattern usually forms in a situation when sellers are battling against buyers but sellers eventually fail to be in control. More buyers enter the market and push prices higher.

During a downtrend prices are reaching new lows until they find support which prevents prices from falling further. This creates the first bottom which is the lowest level. Prices soon bounce off support and retrace up to a resistance level. When prices fail to break resistance, there will be another sell off to the previous low. The re-test of the support forms the double bottom on the chart pattern. Subsequently prices climb higher after failing to break support. The double bottom formation is completed when prices break above the neckline (resistance level).

An opportunity to buy occurred just above the neckline when prices breakout above it.

#StartInvestingInCrypto #Megadrop #ETHETFsApproved #btc70k #altcoins

$SHIB
#SHIBAUSDT kissed the support trendline and the price bounced from there. If you have opened long positions at the support line, increase your stop loss and hold the position. We may see a move towards the resistance area now.

#ETHETFsApproved #StartInvestingInCrypto #Shibainuholder #ShibaFundamentalAnlysis

📗 Educational Post :

Double Tops

The double-top pattern is another type of reversal pattern that has two peaks at about the same level. These are the highest peaks reached after an uptrend, where prices find strong resistance. Double-top patterns signal a reversal from an uptrend to a downtrend.

When prices are rallying higher in an uptrend, they reach the first top (peak) and then retrace slightly to find a support level before bouncing back up.

Prices are unable to rise higher than the first peak and find strong resistance at the price level reached by the first peak. Subsequently, prices fall back down. After testing the resistance level for the second time, prices fall back down and penetrate the neckline. This is when we have the double top pattern and the reversal in the trend is confirmed.

Just below the breakout point, you have the opportunity to enter a sell position.

#Megadrop #MtGox #ETHETFsApproved #StartInvestingInCrypto

📗 Educational Post :

Head and Shoulders

Referring to the chart above, we can see a head and shoulders pattern. Prior to this pattern there was an uptrend. Prices are rallying higher with greater momentum to create the highest peak which is called the head. The lower peaks on either side of the head are called shoulders. A neckline is drawn by connecting the lowest points of the two troughs on either side of the head.

As prices breakout and fall below the neckline at the right shoulder, this signifies a reversal in the prior trend. A downtrend now takes place.

In this chart formation, a sell position can be entered at the breakout point below the neckline.

#StartInvestingInCrypto #FIT21 #btc70k #BlackRock #bullruniscomming

$TON analysis:

Price is bounced from the support area and we may see a move towards the resistance line. You can open a long position around the support area with tight stop loss.

Support Area: $6.00-$6.25

Resistance Area: $7.25-$7.40

#TONValidator #KuCoinToken #MtGox #StartInvestingInCrypto #btc70k