Hello fellow crypto community, just sharing a quick analysi | Noxerr Trader on Binance Square

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Hello fellow crypto community,just sharing a quick analysis on USTC. We can see a triangle forming, so that could break strongly in any direction, be cautious when trading!
$USTC

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USTC

0.0237

-0.92%

396

0

Replies 0

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🗓💸Three economic news to be released today GDP, Jobless Claims and Durable Goods Orders, the three with huge impact and at the same time. The fun part? there's no ideal data, any data can be good or bad, in my opinion, just an instrument for whales to create some liquidations and manipulate the market. Why am I saying that? let's review the potential impact. GDP: previous 3.4%, forecast 1.3%. - Positive: a stronger GDP (higher than 1.3) means the economy is stronger and people have more acquisition power. - Negative: if the economy is getting stronger, why lower the rates? the FED wants to slow down inflation and good data isn't helping. Durable Goods Orders: previous 0.7%, forecast -0.5%. Similar as before, a better number means the spending of manufactured goods is going up, might reflect a resilient economy and positive feeling among the population. However, why to estimulate it further with rate cuts (no rate cuts is bad for crypto)? Initial Jobless Claims: previous 238k, forecast 236k. In this case, the opposite. More claims for government aids due to lost jobs means less spending power, so bad. However, that could trigger a faster rate cut. So, in a nutshell, all those news will be controversial, and the only direct impact I can foresee is huge volatility, lots of liquidations, and big market manipulation. Remember, tomorrow we have CPI data, this one is, conversely, one directional. Lower value means less inflation, good for rate cuts and pump crypto. What do you think will happen today? Trade safely! $BTC $ADA

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$ADA just a fun coincidence, Ada chart just drew a Tesla logo. I don't think it means anything, specially not related to Tesla logo's color.

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$HIGH time for pump. #high has been consolidating for the last 7-8h with a very tight range of 2%, after a massive decline of 80. Apparently the team shared some news justifying the fall, and also announced that they tried to buy back almost half of that dump. The team is active, the company is alive and they need their name to be clean, so I wouldn't be surprised if they announced more news to pump the price back, and regain credibility. That said, looks like this zone has a strong support, and a 20-40% rise in the next 2 days wouldn't be strange.

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$HIGH CPI data has just been released, and better than expected. That triggered crazy green candles everywhere. High has been consolidating for some hours and that could be the trigger point to recover at least a x2 from this point. #high has a chance now and the risk/benefit seems positive

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Altcoins market keeps plummeting more and more.. but! Sharing daily chart of $ADA we can see a.. not sure if ascending or descending triangle. 2 years ago I would say this is going to break down. However, given the phase we are in, beginning of next bull run and an already 50% drop from this year's ATH, plus being almost All Time Low ada/btc, my predictions/hopes are it will break up. Nevertheless, beware of fake breakouts of the channel. If it breaks up and closes daily candle, it should be safe to say we're going all the way up for the next weeks. Just my opinion and research. Do your own research before deciding on an investment.

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