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DOGE Updateš§š§Ø
Dear traders, after drawing a descending triangle on DOGE chart, we saw it losing support with retest then correcting and moving up!
Futures trading without stop loss is very risky in current market conditionsš§
Anyway after huge pumps the market may relax for a while but DOGE$DOGE is still at bargain price compared to its strong fundamentals and supporting news by Elon Musk and legal issues resolvedāØš§Ø
How many Doge you have and whats your opinion about market next moves? Will it relax tomorrow or the bull run will continue on and up?!š¤©šš¤ š¦¾ššš
#dogeā” #DogecoinCommunity #BullRunAhead #writetoearn
Dear traders, after drawing a descending triangle on DOGE chart, we saw it losing support with retest then correcting and moving up!
Futures trading without stop loss is very risky in current market conditionsš§
Anyway after huge pumps the market may relax for a while but DOGE$DOGE is still at bargain price compared to its strong fundamentals and supporting news by Elon Musk and legal issues resolvedāØš§Ø
How many Doge you have and whats your opinion about market next moves? Will it relax tomorrow or the bull run will continue on and up?!š¤©šš¤ š¦¾ššš
#dogeā” #DogecoinCommunity #BullRunAhead #writetoearn
Vivienne Vakil OMYs:
congratulations to me š„š
BITCOIN reviewš§
Bitcoin $BTC is still moving in a channel but itās more near the upper resistance line waiting for a small push to break it!
We will probably witness third weekly green closing candle in few hours since the pump startedā¦ What do you think about the coming week, will BTC break the all time high again or it will relax then regain momentum?!š
Anyway for futures trading always use stop lossšØ
Let me know about your thoughts in the comments sectionš¤ āš»
Good luckš°āØ
#bitcoināļø #bullrun2024šš #Bitcoinā #writetoearn #bullrunnews $BNB $XRP
Bitcoin $BTC is still moving in a channel but itās more near the upper resistance line waiting for a small push to break it!
We will probably witness third weekly green closing candle in few hours since the pump startedā¦ What do you think about the coming week, will BTC break the all time high again or it will relax then regain momentum?!š
Anyway for futures trading always use stop lossšØ
Let me know about your thoughts in the comments sectionš¤ āš»
Good luckš°āØ
#bitcoināļø #bullrun2024šš #Bitcoinā #writetoearn #bullrunnews $BNB $XRP
DOGE losing resistance again!š»š»š»
Dear followers if you are long term holders keep your DOGE $DOGE
But for daily and swing traders I can see strong weakness today and probably tomorrow! š§
For futures traders do not short without stop loss!!!šØšØšØš»
Maybe its market relax for BTC and others after great pumpsāØ
Enjoy the ride and Good Luckš„āš»āؚؚؚØ
#dogeā” #BearishPhase #Redday #writetoearn $BTC
Dear followers if you are long term holders keep your DOGE $DOGE
But for daily and swing traders I can see strong weakness today and probably tomorrow! š§
For futures traders do not short without stop loss!!!šØšØšØš»
Maybe its market relax for BTC and others after great pumpsāØ
Enjoy the ride and Good Luckš„āš»āؚؚؚØ
#dogeā” #BearishPhase #Redday #writetoearn $BTC
āAct I: The AI Prophecyā (ACT)
The ACT cryptocurrency has been making headlines recently due to its remarkable price surge following its listing on Binance on November 11, 2024. This new meme token, built on the Solana blockchain, saw its value skyrocket by over 2000% shortly after the listing, with the price jumping from $0.019 to $0.47 in just hours ļæ¼ ļæ¼.
The tokenās launch was accompanied by significant trading volume, which exceeded $750 million within the first 24 hours on Binance alone ļæ¼. Additionally, traders have experienced mixed fortunes: some have made substantial profits, while others have incurred losses due to the tokenās volatility ļæ¼.
Given its classification as a high-risk asset by Binance, users are advised to conduct thorough research before engaging in trading. This includes completing a mandatory risk quiz every 90 days to access trading for such tokens ļæ¼.
The tokenās rapid rise highlights the impact a major exchange listing can have, but it also serves as a reminder of the volatility and risks inherent in the crypto market, especially for newly listed tokens.
#Binance240MUsers #writetoearn $ACT
The ACT cryptocurrency has been making headlines recently due to its remarkable price surge following its listing on Binance on November 11, 2024. This new meme token, built on the Solana blockchain, saw its value skyrocket by over 2000% shortly after the listing, with the price jumping from $0.019 to $0.47 in just hours ļæ¼ ļæ¼.
The tokenās launch was accompanied by significant trading volume, which exceeded $750 million within the first 24 hours on Binance alone ļæ¼. Additionally, traders have experienced mixed fortunes: some have made substantial profits, while others have incurred losses due to the tokenās volatility ļæ¼.
Given its classification as a high-risk asset by Binance, users are advised to conduct thorough research before engaging in trading. This includes completing a mandatory risk quiz every 90 days to access trading for such tokens ļæ¼.
The tokenās rapid rise highlights the impact a major exchange listing can have, but it also serves as a reminder of the volatility and risks inherent in the crypto market, especially for newly listed tokens.
#Binance240MUsers #writetoearn $ACT
éč§å
¶å é”ŗåæčäøŗ:
Speed āāāāempty
TRADING STRATEGY š¹KEYLEVEL TARGETS AND STOP-LOSS šāØš¢(ACA/USDT)
$ACA $ACA $ACA
ACA/USDT Trading Strategy
Key Levels
Immediate Resistance (Target 1): $0.0848Secondary Resistance (Target 2): $0.0864Immediate Support (Stop Loss): $0.0752Critical Support: $0.0642Extended Support: $0.0591
Trading Plan
Entry Zone: $0.0800 to $0.0830Look for a bounce near $0.0800 with consolidation to confirm strength.Targets:Target 1: $0.0848 (24h high)Target 2: $0.0864 (extended breakout level)Extended Target: $0.0900 (if momentum continues)Stop Loss:Tight stop: $0.0752 for short-term trades.Wider stop: $0.0642 for swing trades.
Risk Management
Leverage: Use moderate leverage (e.g., 3xā5x) to limit risks.Risk-to-Reward Ratio: Ensure at least 1:2 ratio for profitability.
Market Analysis
Momentum: ACA is up 41.08% with strong DeFi sector interest.Volume: 24-hour volume is significant (586.21M ACA, 43.08M USDT) showing strong participation.
A breakout above $0.0864 could lead to further upside, while a breakdown below $0.0752 may signal a retracement toward $0.0642 or $0.0591.
#aca #HaveYouBinanced #mememcoinseason2024 #AltcoinStrategies #writetoearn
ACA/USDT Trading Strategy
Key Levels
Immediate Resistance (Target 1): $0.0848Secondary Resistance (Target 2): $0.0864Immediate Support (Stop Loss): $0.0752Critical Support: $0.0642Extended Support: $0.0591
Trading Plan
Entry Zone: $0.0800 to $0.0830Look for a bounce near $0.0800 with consolidation to confirm strength.Targets:Target 1: $0.0848 (24h high)Target 2: $0.0864 (extended breakout level)Extended Target: $0.0900 (if momentum continues)Stop Loss:Tight stop: $0.0752 for short-term trades.Wider stop: $0.0642 for swing trades.
Risk Management
Leverage: Use moderate leverage (e.g., 3xā5x) to limit risks.Risk-to-Reward Ratio: Ensure at least 1:2 ratio for profitability.
Market Analysis
Momentum: ACA is up 41.08% with strong DeFi sector interest.Volume: 24-hour volume is significant (586.21M ACA, 43.08M USDT) showing strong participation.
A breakout above $0.0864 could lead to further upside, while a breakdown below $0.0752 may signal a retracement toward $0.0642 or $0.0591.
#aca #HaveYouBinanced #mememcoinseason2024 #AltcoinStrategies #writetoearn
There is an inverse head and shoulders pattern in DOGS chart. So im buying at 0.00065$.
#writetoearn #TapToEarn
#writetoearn #TapToEarn
Bernice Jordahl VKPH:
When already?))) tired of holding š¤¬
HEY GUYSššš
Here is your another free signal this one is also from our premium group enjoyā¤
SUI/USDTā
DIRECTION - SHORTš“
MODE - CROSSā
LIVERAGE - 30-40xā¼ļø
MARGIN -
According to your wallet size and risk eppetite always use only 3% of your wallet as futures trading carries high risk/rewardāØļø
ENTRY - 3.8350 - 3.8652
TP1 - 3.8197
TP2 - 3.7972
TP3 - 3.7699
TP4 - 3.7411
TP5 - 3.7085
TP6 - 3.6787
TP7 - 3.6517
TP8 - 3.6211
TP9 - 3.5776
TP10 - 3.5429
TP11 - 3.5073
TP12 - 3.4706
TP13 - 3.4351
TP14 - 3.3942
TP15 - 3.3702
TP16 - 3.3499
TP17 - 3.3199
TP18 - 3.2884
TP19 - 3.2688
TP20 - ā¼ļøā¼ļøā¼ļø
SL - 3.9514 or according to your risk eppetiteš
Always (DYOR) š¬
THANKSā¤ļø
#Marketupdate #writetoearn
Here is your another free signal this one is also from our premium group enjoyā¤
SUI/USDTā
DIRECTION - SHORTš“
MODE - CROSSā
LIVERAGE - 30-40xā¼ļø
MARGIN -
According to your wallet size and risk eppetite always use only 3% of your wallet as futures trading carries high risk/rewardāØļø
ENTRY - 3.8350 - 3.8652
TP1 - 3.8197
TP2 - 3.7972
TP3 - 3.7699
TP4 - 3.7411
TP5 - 3.7085
TP6 - 3.6787
TP7 - 3.6517
TP8 - 3.6211
TP9 - 3.5776
TP10 - 3.5429
TP11 - 3.5073
TP12 - 3.4706
TP13 - 3.4351
TP14 - 3.3942
TP15 - 3.3702
TP16 - 3.3499
TP17 - 3.3199
TP18 - 3.2884
TP19 - 3.2688
TP20 - ā¼ļøā¼ļøā¼ļø
SL - 3.9514 or according to your risk eppetiteš
Always (DYOR) š¬
THANKSā¤ļø
#Marketupdate #writetoearn
HEY GUYSššš
A signal from our premium groupššš
LTC/USDTā
DIRECTION - SHORTš“
MODE - CROSSā
LIVERAGE - 30-40xā¼ļø
MARGIN -
According to your wallet size and risk eppetite always use only 3% of your wallet as futures trading carries high risk/rewardāØļø
ENTRY - 88.63 - 89.19
TP1 - 87.55
TP2 - 86.57
TP3 - 85.72
TP4 - 84.92
TP5 - 84.37
TP6 - 83.42
TP7 - 82.67
TP8 - 81.77
TP9 - 80.90
TP10 - 80.37
TP11 - 79.71
TP12 - 78.84
TP13 - 78.40
TP14 - 77.36
TP15 - ššš
SL - 92.73 or according to your risk eppetiteš
Always (DYOR) š¬
THANKSā¤ļø
#SOLWatch #Marketupdate #writetoearn
A signal from our premium groupššš
LTC/USDTā
DIRECTION - SHORTš“
MODE - CROSSā
LIVERAGE - 30-40xā¼ļø
MARGIN -
According to your wallet size and risk eppetite always use only 3% of your wallet as futures trading carries high risk/rewardāØļø
ENTRY - 88.63 - 89.19
TP1 - 87.55
TP2 - 86.57
TP3 - 85.72
TP4 - 84.92
TP5 - 84.37
TP6 - 83.42
TP7 - 82.67
TP8 - 81.77
TP9 - 80.90
TP10 - 80.37
TP11 - 79.71
TP12 - 78.84
TP13 - 78.40
TP14 - 77.36
TP15 - ššš
SL - 92.73 or according to your risk eppetiteš
Always (DYOR) š¬
THANKSā¤ļø
#SOLWatch #Marketupdate #writetoearn
#btc
#Write2Earn!
#writetoearn
$BTC
Bitcoin is not going down. Look like it is going to fly over. A few bumps you can play around but there will be no go down significantly. If you already sold it, wait for another bump to buy. This is how it gonna work.
#Write2Earn!
#writetoearn
$BTC
Bitcoin is not going down. Look like it is going to fly over. A few bumps you can play around but there will be no go down significantly. If you already sold it, wait for another bump to buy. This is how it gonna work.
$ACT Will It Break New ATH on Today?
Act based on in volume transaction:
14-11-2024 = $1.62B
15-11-2024 = $1.03B
16 running till writing is. = $822.11m
From the graph it's seem the accumulation or the changing part of whale holding.
Will it break new ATH on today?
How do you think?
#MemecoinWars #crypto2024 #writetoearn
Act based on in volume transaction:
14-11-2024 = $1.62B
15-11-2024 = $1.03B
16 running till writing is. = $822.11m
From the graph it's seem the accumulation or the changing part of whale holding.
Will it break new ATH on today?
How do you think?
#MemecoinWars #crypto2024 #writetoearn
MJL112:
Will fallā¦ whales are gone!! They sold and price is correcting as consecuence..!
LIVE
Crypto_Jobs
--
Bearish
$DOGE - Bearish setup! š
Key support to be monitored:
0.3200 - 0.300 & 0.2800$
#doge #dogeā”
Key support to be monitored:
0.3200 - 0.300 & 0.2800$
#doge #dogeā”
HEY GUYSššš
Here is your free signalššš
SOL/USDTā
DIRECTION - SHORTš“
MODE - CROSSā
LIVERAGE - 30-40xā¼ļø
MARGIN -
According to your wallet size and risk eppetite always use only 3% of your wallet as futures trading carries high risk/rewardāØļø
ENTRY - nowš¢
TP1 - 211.28
TP2 - 208.34
TP3 - 202.88
TP4 - 200.28
TP5 - 197.41
TP6 - 195.68
TP7 - 193.85
TP8 - 191.91
TP9 - 189.28
TP10 - 187.50
TP11 - 185.65
TP12 - ā¼ļøā¼ļøā¼ļø
SL - 226.90 or according to your risk eppetiteš
Always (DYOR) š¬
THANKSā¤ļø
#Marketupdate #writetoearn
Here is your free signalššš
SOL/USDTā
DIRECTION - SHORTš“
MODE - CROSSā
LIVERAGE - 30-40xā¼ļø
MARGIN -
According to your wallet size and risk eppetite always use only 3% of your wallet as futures trading carries high risk/rewardāØļø
ENTRY - nowš¢
TP1 - 211.28
TP2 - 208.34
TP3 - 202.88
TP4 - 200.28
TP5 - 197.41
TP6 - 195.68
TP7 - 193.85
TP8 - 191.91
TP9 - 189.28
TP10 - 187.50
TP11 - 185.65
TP12 - ā¼ļøā¼ļøā¼ļø
SL - 226.90 or according to your risk eppetiteš
Always (DYOR) š¬
THANKSā¤ļø
#Marketupdate #writetoearn
Here we did Last 2 Days . . š
We Keep Looking For Targets everytime š
š$HBAR - $SUI - $ARB š
3 Alts did Great Work After Reached Targets š
After And Before Like Always š Crypto Knights
Still More Coming And We Keep Our Eyes on š
#BinanceSquareFamily #writetoearn #Binance240MUsers
We Keep Looking For Targets everytime š
š$HBAR - $SUI - $ARB š
3 Alts did Great Work After Reached Targets š
After And Before Like Always š Crypto Knights
Still More Coming And We Keep Our Eyes on š
#BinanceSquareFamily #writetoearn #Binance240MUsers
SHDUK:
check the pinned post and msg me
Just In MANTRA $OM Break New ATH Again In Waiting the Good News
If you bought MANTRA OM on $0.0713 when I posted it on 7 January 2024 and still hold it now now at ath of $2.7754 you already got gain of profit about 3792%, I think it's the largest listed Binance Coin profit in this year.
What is they good news? I think it's mainnet.
If its main net theat mean it's start of double adding supply already, so beware of the releases of new coin supply will cash out. Or they will pump it first and then some huge correction so do not be greed.
How do you think?
#writetoearn #crypto2024 #BTCā
If you bought MANTRA OM on $0.0713 when I posted it on 7 January 2024 and still hold it now now at ath of $2.7754 you already got gain of profit about 3792%, I think it's the largest listed Binance Coin profit in this year.
What is they good news? I think it's mainnet.
If its main net theat mean it's start of double adding supply already, so beware of the releases of new coin supply will cash out. Or they will pump it first and then some huge correction so do not be greed.
How do you think?
#writetoearn #crypto2024 #BTCā
OM in this several days alway pump and up, BTC movement seem like not have any effect like others. Seem like there were a good news on several days if see the graph. Will it be one of the Crypto which listed on Binance Future later? Positive it's still low cap so the chance for 20-50x big for possibilities if done and not be like LUNC. NFA & DYOR. How Do You Think?
OMniverse MANTRA is a first of its kind, vertically-integrated and regulatory compliant blockchain ecosystem.
OMniverse MANTRA is a first of its kind, vertically-integrated and regulatory compliant blockchain ecosystem.
Pudiman Crypto:
Because of Taking Profit
$TFUEL #TFUEL/USDT #Write2Earn! #writetoearn
Theta Fuel (TFUEL) against Tether (USDT) on the daily timeframe from Binance
1. Key Levels:
- Support Levels:
- Around $0.0400 (marked in red) is a strong support area.
- Resistance Levels:
- The purple box around $0.0800 indicates a significant resistance area.
- The blue line near $0.13418 represents a potential long-term price target/resistance if the price breaks upwards.
2. Trend Analysis:
- The downward sloping yellow trendline indicates a bearish trend over time, with multiple rejections at the trendline.
- A breakout above this trendline (which appears to have happened) could indicate a potential trend reversal.
3. Moving Averages:
- The chart includes a 50-day MA (blue line) and potentially another longer-term MA (red line). Crossing these averages could signal a change in momentum.
4. Trading Volume
- Volume seems relatively low compared to earlier spikes, indicating that more strength is needed to confirm the breakout.
5. Buy/Sell Recommendations:
- Buy Trigger: Price action above $0.0695, aligned with a breakout from a downtrend, could support a bullish outlook.
- Sell Trigger: If the price drops below $0.0588, the bearish trend could resume.
6. What to Watch
- Keep a close eye on $0.0800. If TFUEL closes above this resistance area with high volume, it could signal a move towards $0.13418.
- Keep an eye on any bearish reversal patterns near resistance areas.
Theta Fuel (TFUEL) against Tether (USDT) on the daily timeframe from Binance
1. Key Levels:
- Support Levels:
- Around $0.0400 (marked in red) is a strong support area.
- Resistance Levels:
- The purple box around $0.0800 indicates a significant resistance area.
- The blue line near $0.13418 represents a potential long-term price target/resistance if the price breaks upwards.
2. Trend Analysis:
- The downward sloping yellow trendline indicates a bearish trend over time, with multiple rejections at the trendline.
- A breakout above this trendline (which appears to have happened) could indicate a potential trend reversal.
3. Moving Averages:
- The chart includes a 50-day MA (blue line) and potentially another longer-term MA (red line). Crossing these averages could signal a change in momentum.
4. Trading Volume
- Volume seems relatively low compared to earlier spikes, indicating that more strength is needed to confirm the breakout.
5. Buy/Sell Recommendations:
- Buy Trigger: Price action above $0.0695, aligned with a breakout from a downtrend, could support a bullish outlook.
- Sell Trigger: If the price drops below $0.0588, the bearish trend could resume.
6. What to Watch
- Keep a close eye on $0.0800. If TFUEL closes above this resistance area with high volume, it could signal a move towards $0.13418.
- Keep an eye on any bearish reversal patterns near resistance areas.
XRP is pumping butā¦š
Congrats to XRP $XRP holders who were waiting patiently for long time to see even higher than this pumpā¦
But as the weekly chart shows, XRP will face strong resistance around 0.93$ levelā¦ will history repeat itself or what?!
Honestly I think that this crypto is still underpriced compared to its strong fundamentals like many othersā¦
Anyway the whole market is now in correction phase after all the crazy pumps latelyā¦ Even DOGE is down despite the great news and strong Elon Musk supportā¦ But as i see its a missile that is not launched yet! šŖļøššš
In all cases, Spot is best to trade now as itās very dangerous to hold futures positions without stop loss in such market conditionsšŖšØšØšØ
After all, maybe itās healthy correction preparing good grounds for more pumps as Bitcoinās race to 100k is still on! Tell me what do you think?š§
Good luckš„āØ #XRPGoal #XRP_ETF #writetoearn $DOGE #HaveYouBinanced #BTCBreaks93k
Congrats to XRP $XRP holders who were waiting patiently for long time to see even higher than this pumpā¦
But as the weekly chart shows, XRP will face strong resistance around 0.93$ levelā¦ will history repeat itself or what?!
Honestly I think that this crypto is still underpriced compared to its strong fundamentals like many othersā¦
Anyway the whole market is now in correction phase after all the crazy pumps latelyā¦ Even DOGE is down despite the great news and strong Elon Musk supportā¦ But as i see its a missile that is not launched yet! šŖļøššš
In all cases, Spot is best to trade now as itās very dangerous to hold futures positions without stop loss in such market conditionsšŖšØšØšØ
After all, maybe itās healthy correction preparing good grounds for more pumps as Bitcoinās race to 100k is still on! Tell me what do you think?š§
Good luckš„āØ #XRPGoal #XRP_ETF #writetoearn $DOGE #HaveYouBinanced #BTCBreaks93k
DrMikeM:
But it was almost stable no big swingsā¦
ETHEREUM (ETH)
As of November 2024, Ethereum is seeing significant developments that could impact its position in the crypto market moving into next year. A notable focus is on Ethereumās scalability, particularly through the concept of Danksharding, which is set to improve network efficiency by introducing ādata blobsā to reduce transaction costs on Layer 2 networks like Arbitrum and Optimism ļæ¼ ļæ¼.
This enhancement is crucial because Ethereumās role is evolving beyond just a cryptocurrency; it aims to become a robust platform for decentralized applications (DApps) and Web3 integrations. The implementation of technologies like Danksharding is designed to increase throughput and lower fees, which could help onboard more traditional companies into blockchain use ļæ¼.
In addition to technological updates, Ethereumās ecosystem is seeing increasing specialization, with different blockchains focusing on niche areas like gaming, finance, and supply chain management. This shift is expected to drive the next wave of decentralized applications (DApps) and create more real-world use cases for blockchain technology ļæ¼.
Looking ahead, analysts suggest that while Bitcoin may see gains from its upcoming halving event in 2024, Ethereum could outperform due to its focus on scalability and utility within decentralized finance (DeFi) and other Web3 initiatives ļæ¼.
These updates highlight Ethereumās continued push toward scalability and real-world adoption, setting the stage for a potentially transformative year in 2024.
#Binance240MUsers #writetoearn $ETH
As of November 2024, Ethereum is seeing significant developments that could impact its position in the crypto market moving into next year. A notable focus is on Ethereumās scalability, particularly through the concept of Danksharding, which is set to improve network efficiency by introducing ādata blobsā to reduce transaction costs on Layer 2 networks like Arbitrum and Optimism ļæ¼ ļæ¼.
This enhancement is crucial because Ethereumās role is evolving beyond just a cryptocurrency; it aims to become a robust platform for decentralized applications (DApps) and Web3 integrations. The implementation of technologies like Danksharding is designed to increase throughput and lower fees, which could help onboard more traditional companies into blockchain use ļæ¼.
In addition to technological updates, Ethereumās ecosystem is seeing increasing specialization, with different blockchains focusing on niche areas like gaming, finance, and supply chain management. This shift is expected to drive the next wave of decentralized applications (DApps) and create more real-world use cases for blockchain technology ļæ¼.
Looking ahead, analysts suggest that while Bitcoin may see gains from its upcoming halving event in 2024, Ethereum could outperform due to its focus on scalability and utility within decentralized finance (DeFi) and other Web3 initiatives ļæ¼.
These updates highlight Ethereumās continued push toward scalability and real-world adoption, setting the stage for a potentially transformative year in 2024.
#Binance240MUsers #writetoearn $ETH
Technical analysis š„keylevel, targets and stop-loss š¦š¢š¢
$XRP $XRP $XRP
š„ XRP/USDT, trading at $0.9746 (+22.19%), here's a detailed technical analysis with key levels, trade targets, and risk management strategies.
Key Levels:
Resistance Levels:$0.9800: Immediate resistance (24h high). A breakout here could signal further upward momentum.$0.9941: Psychological resistance near $1.00. Breaching this could attract strong buying.Support Levels:$0.8907: Current support, providing a base for consolidation.$0.7731: 24h low; deeper support in case of a correction.
Indicators:
Moving Averages:MA(5): 42.69M and MA(10): 46.95M ā Current price is above both moving averages, supporting the bullish trend.Volume:24h Vol (XRP): 1.36B and USDT Volume: 1.19B ā Strong volume suggests sustained interest and momentum.RSI:Likely entering overbought territory; watch for signs of exhaustion or corrections.
Trading Plan:
Entry Points:Conservative Entry: Near $0.8907 support for a safer risk-reward ratio.Momentum Entry: On a breakout above $0.9800, confirming upward continuation.Take Profit Levels:Target 1: $0.9800 (immediate resistance).Target 2: $0.9941 (psychological resistance).Extended Target: $1.05, based on prior highs and psychological levels.Stop-Loss:Place at $0.7731 to protect against deeper pullbacks.
Observations:
Volatility: The 22% daily gain indicates high volatility; adjust position sizes accordingly.Risk-Reward: Favorable for entries near support ($0.8907) or on a confirmed breakout above resistance ($0.9800). Good luck š
š„ XRP/USDT, trading at $0.9746 (+22.19%), here's a detailed technical analysis with key levels, trade targets, and risk management strategies.
Key Levels:
Resistance Levels:$0.9800: Immediate resistance (24h high). A breakout here could signal further upward momentum.$0.9941: Psychological resistance near $1.00. Breaching this could attract strong buying.Support Levels:$0.8907: Current support, providing a base for consolidation.$0.7731: 24h low; deeper support in case of a correction.
Indicators:
Moving Averages:MA(5): 42.69M and MA(10): 46.95M ā Current price is above both moving averages, supporting the bullish trend.Volume:24h Vol (XRP): 1.36B and USDT Volume: 1.19B ā Strong volume suggests sustained interest and momentum.RSI:Likely entering overbought territory; watch for signs of exhaustion or corrections.
Trading Plan:
Entry Points:Conservative Entry: Near $0.8907 support for a safer risk-reward ratio.Momentum Entry: On a breakout above $0.9800, confirming upward continuation.Take Profit Levels:Target 1: $0.9800 (immediate resistance).Target 2: $0.9941 (psychological resistance).Extended Target: $1.05, based on prior highs and psychological levels.Stop-Loss:Place at $0.7731 to protect against deeper pullbacks.
Observations:
Volatility: The 22% daily gain indicates high volatility; adjust position sizes accordingly.Risk-Reward: Favorable for entries near support ($0.8907) or on a confirmed breakout above resistance ($0.9800). Good luck š
As of November 2024, XRP (the cryptocurrency associated with Ripple) has been navigating a mixed landscape of both optimism and caution within the crypto community. Recent months have seen XRP struggle to maintain momentum above key resistance levels. Specifically, it has been consistently unable to break past the $0.60 mark, and in recent trading, it dipped below the $0.52 support level, suggesting a period of consolidation or potential bearish pressure if market conditions do not improve ļæ¼ ļæ¼.
Despite these challenges, XRPās long-term outlook remains positive due to its pivotal legal victory against the U.S. Securities and Exchange Commission (SEC) earlier in the year. This landmark ruling clarified that XRP does not constitute a security in most contexts, which significantly reduces regulatory uncertainty. This decision is expected to attract increased institutional interest and investment in Rippleās technology, especially from banks and financial institutions that leverage Rippleās cross-border payment solutions ļæ¼.
Analysts are cautiously optimistic, suggesting that if XRP can attract renewed institutional interest or benefit from broader market bullish trends (like the anticipated Bitcoin ETFs), it might break out of its current price stagnation and rally higher by the end of the year ļæ¼ ļæ¼. However, continued low inflows from institutions indicate that investors remain cautious, waiting for more favorable market signals before committing large sums to XRP.
Investors are watching closely to see if a change in market sentiment or regulatory clarity will push XRP out of its current consolidation phase.
#writetoearn $XRP
Despite these challenges, XRPās long-term outlook remains positive due to its pivotal legal victory against the U.S. Securities and Exchange Commission (SEC) earlier in the year. This landmark ruling clarified that XRP does not constitute a security in most contexts, which significantly reduces regulatory uncertainty. This decision is expected to attract increased institutional interest and investment in Rippleās technology, especially from banks and financial institutions that leverage Rippleās cross-border payment solutions ļæ¼.
Analysts are cautiously optimistic, suggesting that if XRP can attract renewed institutional interest or benefit from broader market bullish trends (like the anticipated Bitcoin ETFs), it might break out of its current price stagnation and rally higher by the end of the year ļæ¼ ļæ¼. However, continued low inflows from institutions indicate that investors remain cautious, waiting for more favorable market signals before committing large sums to XRP.
Investors are watching closely to see if a change in market sentiment or regulatory clarity will push XRP out of its current consolidation phase.
#writetoearn $XRP
Why Is XRP Price Up Today? Key Reasons Explained
The XRP price is experiencing a significant uptick, rising 20% over the past two days and an impressive 47% in the last five days. The surge can be attributed to a confluence of factors, including speculation surrounding SEC Chairman Gary Genslerās potential resignation, favorable regulatory tailwinds under the incoming Trump administration, increased whale activity, and a notable technical breakout.
#1 Speculation About SEC Chairman Gary Genslerās Resignation
A primary driver behind XRPās recent price movement is the growing speculation regarding the possible resignation of Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC). On November 14, Gensler delivered a speech at the Practicing Law Instituteās 56th annual conference on securities regulation, where he lauded the efforts of the SEC. āItās been a great honor to serve with them, doing the peopleās work, and ensuring that our capital markets remain the best in the world,ā Gensler stated.
The crypto community on Xinterprets this speech as a potential farewell address, especially in light of the upcoming transition following Donald Trumpās victory in the US presidential election. Investors anticipate that the Trump administration will appoint a pro-crypto chairman to lead the SEC. āI will fire Gary Gensler on day one,ā Trump pledged during the Bitcoin 2024 conference.
Brad Garlinghouse, CEO of Ripple Labs, echoed these sentiments on X: āJoined Cantorās annual Crypto Conference today ā safe to say that the US is ready to be the crypto capital of the world with the next Trump Administration. Also an apt shirt to wear..on perhaps what are Gary Genslerās last days in office?!ā
After Genslerās resignation, thereās speculation that the SEC might reconsider its appeal against Ripple Labs, potentially alleviating regulatory pressures that have weighed heavily on the XRP price over the last years.
#2 Regulatory Tailwinds For XRP Under Trump
The anticipated policy shift under the incoming Trump administration is another critical factor contributing to the XRP price appreciation. The administration is reportedly preparing to adopt a more permissive stance toward crypto, with plans to appoint industry-friendly candidates to key regulatory positions.
āChatted with Tony Romm about how the incoming Trump Administration is already engaging proactively with the crypto industry on clear rules of the roadā¦ what a breath of fresh air!ā Garlinghouse remarked today on X.
Further emphasizing the potential positive impact, Garlinghouse stated via X: āIāve shared some thoughts on what the Trump administration could mean for crypto and wanted to also recognize the XRP familyās patience and unwavering support. A lot has happened since XRP was the 2nd most valuable digital asset. Itās been ā at times ā a frustrating journey. ~6 years since the SEC started meddling in the crypto market, picking winners and losersā¦ ~4 years since the SEC sued Ripple.
He added, āNow FINALLY we see a light at the end of the tunnel as these external (frankly unnatural and manipulative) market factors fade. The tides are shifting, headwinds are turning to tailwinds, and the opportunity for those of us who believe in the future for XRP is enormous!ā
#3 Increased XRP Whale Activity
Whale activity, indicative of large-scale investments by major holders, has also played a significant role in the XRP price surge. On-chain analysis firm Santiment reports on X: āWallets with at least 1M XRP now hold a combined 45.61B tokens, their highest amount held since June 2018. In the past 2 years, whales & sharks have reversed course and accumulated 3.44B more XRP, a +8.16% increase. Traders have enjoyed a +40% return in the past 7 days.ā
#4 Technical Breakout
Complementing the fundamental drivers are technical factors contributing to the XRP price action. XRP has broken above a six-year-long symmetrical triangle pattern, a significant technical indicator that suggests the potential for sustained upward momentum. Historically, such breakouts have preceded notable price increases, and in XRPās case, the price had previously declined by as much as 97% during the formation of this pattern.
At press time, XRP traded at $0.85.
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#Holi_Box
#writetoearn
$XRP
#1 Speculation About SEC Chairman Gary Genslerās Resignation
A primary driver behind XRPās recent price movement is the growing speculation regarding the possible resignation of Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC). On November 14, Gensler delivered a speech at the Practicing Law Instituteās 56th annual conference on securities regulation, where he lauded the efforts of the SEC. āItās been a great honor to serve with them, doing the peopleās work, and ensuring that our capital markets remain the best in the world,ā Gensler stated.
The crypto community on Xinterprets this speech as a potential farewell address, especially in light of the upcoming transition following Donald Trumpās victory in the US presidential election. Investors anticipate that the Trump administration will appoint a pro-crypto chairman to lead the SEC. āI will fire Gary Gensler on day one,ā Trump pledged during the Bitcoin 2024 conference.
Brad Garlinghouse, CEO of Ripple Labs, echoed these sentiments on X: āJoined Cantorās annual Crypto Conference today ā safe to say that the US is ready to be the crypto capital of the world with the next Trump Administration. Also an apt shirt to wear..on perhaps what are Gary Genslerās last days in office?!ā
After Genslerās resignation, thereās speculation that the SEC might reconsider its appeal against Ripple Labs, potentially alleviating regulatory pressures that have weighed heavily on the XRP price over the last years.
#2 Regulatory Tailwinds For XRP Under Trump
The anticipated policy shift under the incoming Trump administration is another critical factor contributing to the XRP price appreciation. The administration is reportedly preparing to adopt a more permissive stance toward crypto, with plans to appoint industry-friendly candidates to key regulatory positions.
āChatted with Tony Romm about how the incoming Trump Administration is already engaging proactively with the crypto industry on clear rules of the roadā¦ what a breath of fresh air!ā Garlinghouse remarked today on X.
Further emphasizing the potential positive impact, Garlinghouse stated via X: āIāve shared some thoughts on what the Trump administration could mean for crypto and wanted to also recognize the XRP familyās patience and unwavering support. A lot has happened since XRP was the 2nd most valuable digital asset. Itās been ā at times ā a frustrating journey. ~6 years since the SEC started meddling in the crypto market, picking winners and losersā¦ ~4 years since the SEC sued Ripple.
He added, āNow FINALLY we see a light at the end of the tunnel as these external (frankly unnatural and manipulative) market factors fade. The tides are shifting, headwinds are turning to tailwinds, and the opportunity for those of us who believe in the future for XRP is enormous!ā
#3 Increased XRP Whale Activity
Whale activity, indicative of large-scale investments by major holders, has also played a significant role in the XRP price surge. On-chain analysis firm Santiment reports on X: āWallets with at least 1M XRP now hold a combined 45.61B tokens, their highest amount held since June 2018. In the past 2 years, whales & sharks have reversed course and accumulated 3.44B more XRP, a +8.16% increase. Traders have enjoyed a +40% return in the past 7 days.ā
#4 Technical Breakout
Complementing the fundamental drivers are technical factors contributing to the XRP price action. XRP has broken above a six-year-long symmetrical triangle pattern, a significant technical indicator that suggests the potential for sustained upward momentum. Historically, such breakouts have preceded notable price increases, and in XRPās case, the price had previously declined by as much as 97% during the formation of this pattern.
At press time, XRP traded at $0.85.
#BinanceSquareFamily
#Holi_Box
#writetoearn
$XRP
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