IOT
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Daily Asset Analysis: $IOTA $RUNE $SUSHI
A-) #IOT has updated it's monthly high, and now, there's a 4% range with 0.37 is acting as the resistance. It's quite possible for this resistance to be broken with the current volatility.
Long: E 0.371 , TP 0.390 , SL 0.360
Short: E 0.345 , TP 0.335 , SL 0.365
B-) #RUNE has performed nice recovery and is testing the resistance level of 5.85, which can be broken. However, rejection from the resistance is more likely, which favors short positions.
Long: E 5.86 , TP 6.10 , SL 5.74
Short: E 5.65 , TP 5.45 , SL 5.77
C-) #SUSHI has also performed nice recovery and tested the resistance at 1.85, which, if broken, would bring new weekly highs. There's a 3.5% price spread and movement is slow, yet, there's ample opportunity for surpassing the resistance.
Long: E 1.86 , TP 1.95 , SL 1.81
Short: E 1.78 , TP 1.70 , SL 1.83
Daily Asset Analysis: $IOTA $RUNE $SUSHI
A-) #IOT has updated it's monthly high, and now, there's a 4% range with 0.37 is acting as the resistance. It's quite possible for this resistance to be broken with the current volatility.
Long: E 0.371 , TP 0.390 , SL 0.360
Short: E 0.345 , TP 0.335 , SL 0.365
B-) #RUNE has performed nice recovery and is testing the resistance level of 5.85, which can be broken. However, rejection from the resistance is more likely, which favors short positions.
Long: E 5.86 , TP 6.10 , SL 5.74
Short: E 5.65 , TP 5.45 , SL 5.77
C-) #SUSHI has also performed nice recovery and tested the resistance at 1.85, which, if broken, would bring new weekly highs. There's a 3.5% price spread and movement is slow, yet, there's ample opportunity for surpassing the resistance.
Long: E 1.86 , TP 1.95 , SL 1.81
Short: E 1.78 , TP 1.70 , SL 1.83
2000%+ Profit opportunity! 📈 $IOTA to the moon 🚀🌕 Why I think that the price of $IOTA will increase and go over 7.4 US-Dollar+: ⬆️
📈 Fundamental analysis:
+ Altcoins like $IOTA often follow Bitcoin's bullish trend => Bullish
+ S&P 500 reached a new all-time high a while ago (5'100+ US-Dollar) => Bullish
+ Federal Reserve stopped changing their interest rates signaling that they achieved their goals => Bullish
+ Bitcoin Halving on the 4th April => Bullish
📈 Technical analysis:
+ Bullish Trendlines on the weekly chart => Bullish long-term trend
📈 Good quotes:
"The Trend is Your Friend",
"Sell in May and go away" -> likely the upcoming 2024 United States presidential election will cause some FUD (Fear, Uncertainty and Doubt), resulting in a higher volatility for that timespan (summer-autumn)
“First millionaires of the Gold Rush were not the diggers but those who sold them shovels and picks.”
Only time will tell and this is just my opinion after all "The Market Is Always Right"
#IOTA #IOT #Bullish
#Tangle #TechnicalAnalysis
Target: 7.4 US-Dollar+
📈 Fundamental analysis:
+ Altcoins like $IOTA often follow Bitcoin's bullish trend => Bullish
+ S&P 500 reached a new all-time high a while ago (5'100+ US-Dollar) => Bullish
+ Federal Reserve stopped changing their interest rates signaling that they achieved their goals => Bullish
+ Bitcoin Halving on the 4th April => Bullish
📈 Technical analysis:
+ Bullish Trendlines on the weekly chart => Bullish long-term trend
📈 Good quotes:
"The Trend is Your Friend",
"Sell in May and go away" -> likely the upcoming 2024 United States presidential election will cause some FUD (Fear, Uncertainty and Doubt), resulting in a higher volatility for that timespan (summer-autumn)
“First millionaires of the Gold Rush were not the diggers but those who sold them shovels and picks.”
Only time will tell and this is just my opinion after all "The Market Is Always Right"
#IOTA #IOT #Bullish
#Tangle #TechnicalAnalysis
Target: 7.4 US-Dollar+
🚀Top Project From Recent Funding Round 💰 Andrena 🚀
🎉 Andrena has just secured $18.00M in its latest funding round! 🎉
🔹About: Andrena is a decentralized wireless internet provider that aims to revolutionize broadband access using blockchain technology. Leveraging the Solana blockchain, Andrena provides a cost-effective and efficient solution for delivering high-speed internet to underserved and remote areas. The project’s protocol, known as DAWN, operates as a decentralized physical infrastructure network (DePIN). It allows homes to access the internet without relying on centralized providers. DAWN is currently in a testnet environment and will soon launch on Solana. Think of DePIN as a decentralized version of Amazon Web Services (AWS) or Google Cloud. The funding round, led by Dragonfly with participation from CMT Digital, Castle Island Ventures, and Wintermute Ventures, aims to complete DAWN’s protocol and smart contracts. 🚀
🔹 Lead Investors: DragonFly Capital, CMT Digital, Wintermute, ParaFi Capital, 6th Man Ventures and many more.
🔹 Total Raised: $33.00M.
🔹 Project Category: DePIN, IoT, Blockchain Service.
🌟If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#Web3 #DePIN #IOT #Binance #BTC $SOL
$ANKR
$FLUX
🔹About: Andrena is a decentralized wireless internet provider that aims to revolutionize broadband access using blockchain technology. Leveraging the Solana blockchain, Andrena provides a cost-effective and efficient solution for delivering high-speed internet to underserved and remote areas. The project’s protocol, known as DAWN, operates as a decentralized physical infrastructure network (DePIN). It allows homes to access the internet without relying on centralized providers. DAWN is currently in a testnet environment and will soon launch on Solana. Think of DePIN as a decentralized version of Amazon Web Services (AWS) or Google Cloud. The funding round, led by Dragonfly with participation from CMT Digital, Castle Island Ventures, and Wintermute Ventures, aims to complete DAWN’s protocol and smart contracts. 🚀
🔹 Lead Investors: DragonFly Capital, CMT Digital, Wintermute, ParaFi Capital, 6th Man Ventures and many more.
🔹 Total Raised: $33.00M.
🔹 Project Category: DePIN, IoT, Blockchain Service.
🌟If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#Web3 #DePIN #IOT #Binance #BTC $SOL
$ANKR
$FLUX
