Cardano Price May Rebound at $0.28 Support Level

Cardano's daily chart indicates a declining trend. On July 17, the chart showed a double top formation near the $0.45 resistance level. After first encountering resistance at the anticipated initial level of $0.37, the price tested the resistance level of $0.45.

However, the price gradually recovers. On the daily chart, there was a bearish candle pattern. Bearish candles have been present for the past two weeks, and the $0.28 support level has finally been put to the test. Right now, the price is retracing to test the resistance level at $0.35.

#adausdt $ADA

So this is how I see the near term market confluence👇

1⃣ Final approval and listing of the Etherium ETF July 2-16 is the 'point of no return' and the moment the market moves into phase two (Ether season). With these upcoming process. 🔜 we will make good profits💰 on pre-market selloffs

2⃣ July 31 is a new intermediate phase of the bull market. On this date there will be a FOMC meeting, the decision of which should be a rate cut ➡ bullish signal for the market.

3⃣ November 5 is the US presidential election, after which (regardless of the outcome) the I expect the dollar printing press to be launched and a large amount of money to be injected into stocks and cryptocurrency!

P.S. Each of these situations is an opportunity for us to earn📈 - I'll tell you about all the ways as we get closer to these events, but right now the focus needs to be on #ETH🔥🔥🔥🔥 and related altcoins!

One of the big public preconditions was just a new FUD on the topic of unlocking the funds of the affected Mt. Gox victims

For those who are hearing for the first time - between 650,000 and 850,000 #BTC were stolen from users of this platform in 2014. In the afternoon another news about the progress of the case was released, but a couple hours later it was announced that the compensation will be calculated at the old Bitcoin rate.

➡️Two conclusions can be drawn from this situation:
1. MarketMaker can use any news background to manipulate the price. It is important to be able to read his traces on the chart and not follow the crowd

2. Whales are set to continue growth - this manipulation was liquidated longs for 320m$, while the fall was not so strong. Everything indicates the payoff from the side of influential investors

I think it is right to deal with this situation in more detail tomorrow, when the market will come to normal and the consequences of this spill will be clear....

A TRADING LESSON FROM THE DEAD…

NB: The lesson from the short piece below is not time-bound. As a trader or an investor, the more patient you are, the fewer trades you open, the less you risk, the longer your holding periods, the more profitable you will become. So, permanent trading and investing success is a long-term objective, not a short-term goal. There is no way around this fact

What I’m about to share is one of the strangest results from a trading study that I’ve ever come across…

It was a study conducted by an online stock broker on their clients who held share portfolios.

And they wanted to analyse the common traits shared by the top 10% of their clients.

Among their most successful clients, one peculiar trait stood out.

It’s that most of these top-performing portfolios belonged to clients who weren’t actively managing their accounts.

In fact, most of these clients were dead.

Yes, you read that right… Most of the top 10% were no longer alive.

Their portfolios had been left untouched, allowing the shares to appreciate steadily over time.

But despite how unusual this finding was…

There’s still an important lesson in this observation.
And that’s the significance of what a long-term perspective can do for your profitability.

Even from my own experience, I’ve completely stopped day trading over the last 5 years.

And I’ve seen profound improvements in my profitability by holding onto trades (and adding into winners) for several weeks and even months.

The same thing’s been happening with members of my trading community.

One member recently told me that he closed out a 35R trade on Gold.

And with R multiples that large…

You only need a couple of trades like that in an entire year to make an impressive annual return.

That’s why I adopt this style of trading inside my community.

Author: Charlie Burton

Let's start analyzing the updates on the charts! 🔍

#ETH is moving according to our big game plan, completely recreating the movement I have predicted: the large Imbalance $3.700-$3.220 was filled by more than a half ($3.460). First of all, I see this situation as an opportunity to buy back the low and add one of the most promising cryptocurrencies to your portfolio, but if you read my posts carefully, you could easily take a short position for 13% of the movement or almost 200% profit with 15x leverage!

#TON meanwhile presents us the same picture, but in a more forced way - after a LONG from Imbalance, an impulsive growth started. There is also a new Higher High, which confirmed the bullish🐂 attitude and brought our position to profit of 20% from the entry point.

Even if we didn't make money, don't despair! The market provides opportunities to make money almost every day.

And I will continue to help my friends....
just wait for the right time...

$ETH $BTC #ton #eth #btc

💰BTC Update

The price of the first cryptocurrency decreased. However, there is a positive dynamics, but only locally 📈

On the timeframe of 4 hours, the price fell to the support level at ~$66,700. It reached it during yesterday's "shedding" in the market 📉

The price started to bounce upwards from the mentioned support. A "bullish engulfment" candlestick pattern was formed, but it is on low volume. Thus, we can draw a horizontal "price channel" here 📊

There is a pretty good chance that price will start to move up from the lower boundary of the channel. Most likely, this channel is transforming into a "bullish flag". To confirm it, we need a breakdown of the midline 🐂

$BTC #BTCFOMCWatch #BTC☀

Cardano Price: Sellers Oppose Buyers Again at $0.46 Level

The daily chart of Cardano shows a downward trend. On April 13, the chart displayed a double bottom pattern at the $0.458 support level. The expected first level provided resistance at first, but the price eventually overcome it. There was a bearish candle pattern on the daily chart.

Last week, there were bearish candles, and the $0.46 support level turned into a resistance level. The price is declining in the direction of the $0.42 prior low.

$ADA #adausdt #ada

📊 URPD Metric Highlights Bitcoin’s Potential for Price Surge 📈

What is UTXO/URPD?

In cryptocurrencies, an unspent transaction output (UTXO) or URPD Unspent Realized price Distribution is a distinctive element in a subset of digital currency models. A UTXO represents a certain amount of cryptocurrency that has been authorized by a sender and is available to be spent by a recipient. The utilization of UTXOs in transaction processes is a key feature of many cryptocurrencies, but it primarily characterizes those implementing the UTXO model.

Using the URPD metric, or UTXO Realized Price Distribution, offers a clear view of Bitcoin’s market dynamics and investor sentiment. This metric provides critical insights into the concentration of Bitcoin coins around the current spot price, highlighting areas of strong support and minimal resistance.

📊 Strong Support and Minimal Resistance

The URPD metric shows that about 15.9% of Bitcoin’s total supply is clustered just below the current price, indicating robust support at these levels. In contrast, only 1.1% of the supply is above the current price, suggesting minimal resistance. This imbalance implies that with continued demand, Bitcoin’s price could rise significantly.

📈 Interpreting Market Sensitivity

This metric helps identify potential support and resistance levels. The substantial support below the current price reflects strong investor confidence, while the sparse supply above suggests a high potential for rapid price increases if demand persists.

💰 Investment Implications

For investors, these insights are crucial. Strong support indicates a lower risk of significant declines, and minimal resistance above suggests considerable potential for price appreciation. This combination points to a bullish outlook for Bitcoin in the near term. 🌟

#BTC $BTC

Stacks (STX) Turns North Above the 1.750 Price Level

Price action in the Stacks market has rebounded through the $2.00 mark. This occurred when headwinds seemed to have lost control while trying to bring the market below the 1.500 mark. As of the time of writing, the price of this token has increased by 4.44%. Let's see if more increases can still be observed in this market.

Stacks Faces Rejection at the 50 Fibonacci Retracement Level

Today's trading has sent price action in the STX market rising through the 50% Fibonacci Retracement level. However, the corresponding price candle for the current session indicates that upside forces are already facing opposition. Meanwhile, this token trades above the list of Exponential Moving Average (EMA) lines.
#STX/USDT $STX

In accordance with your wishes, let's consider the current situation on Ether🔹

The trend on the asset is objectively bullish🐂, as indicated by the rapid impulsive growth with corrections dragging on for weeks. On the last fall the Imbalance of $2.900-$2.500 was successfully filled and the Fibonacci OTE was tested, and after that the rapid upward growth continued📈

But the main question is still open - where should we look at entering longs now❓
💁🏻‍♂️I will answer your question,
The optimal zone to enter a position is the nearest Imbalance $3,700-$3,220, which is a significant magnet for price.

As this inefficiency is confirmed and reacted to, and I am going to start looking at opening new trades with the target as the 2024 high of $4.100💡

Both Ethereum and altcoins have significantly underperformed #BTC in recent weeks and the need to close this gap is undeniable🙅🏻‍♂️

$ETH $BTC #altseason #BTC☀ #ETH🔥🔥🔥🔥

DOGE Oscillates Around the $0.165 Resistance Level

Dogecoin (DOGE) price rebounds but oscillates around the $0.165 resistance level. The cryptocurrency price is trying to break above the 21-day SMA, or the $0.162 high.

If the present barrier is crossed, DOGE will hit its prior high of $0.17. However, if the bear's breach occurs below the 50-day SMA, DOGE will fall to a low of $0.14.

$DOGE #doge⚡

Bitcoin continued to show good growth, taking out equal highs EQH $70.750. It's time to deal with the question 'What should we expect next❓'

There are no prerequisites for a strong correction at the moment - the whales🐋 are serious and there is no reason to reverse the rise now. We may see a small correction to Imbalance $70.100-$69.250 and EMA30 during this week.

Global sentiment remains entirely bullish🐂 - the bullish context invalidation point has shifted to $67.500 and remains very distant and alts are well behind - there is good room for upside📈

➡️Even if we don't see the major target of $72.900 being reached soon, longs on alts and Ether will easily break this 'stagnation' in profitable trades.

Follow me for more insights! 😈

#BTC☀ $BTC

Toncoin Price Forecast:
The Toncoin price forecast is for the market to remain resilient in the face of bearish pressure to reach the $7.67 resistance level.

Toncoin Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $7.10, $7.67, $8.3
Zones of Demand: $5.85, $6.68, $7.00

Toncoin Trade Signal (SWING)

Instrument: TONUSD
My opinion: Sell Stop
Entry price: $7.4
Stop: $8.10
Target: $6.30
My risk setting: 1%
RRR: 1:2

NB: I will close this pending trade if it is not triggered within 24 hours.

#tonusdt #TON

Cardano (ADA) Price May Bounce Up at $0.44 Level

Cardano's daily chart indicates a declining trend. At the $0.458 support level on April 13, the chart showed a double bottom pattern. The price initially faced resistance from the anticipated first level, but it eventually overcame it. On the daily chart, there was a bearish candle pattern. Bearish candles occurred last week, and the $0.46 support level became a resistance level.

The price is falling in the direction of the previous low, which was $0.44.Right now, bears are in control of the Cardano market.

$ADA #ADA

Polygon Price May Bounce Up at $0.65 Level

For MATIC/USD, the long-term outlook is bleak. Because of the sell-off that began on March 14, the value of cryptocurrencies has dropped. This happened at the $1.27 mark, following the contestants' match. The ultimate sum after a two-week cost decrease is $0.72.

Customers are putting an end to more market declines. Bulls maintained the level that was recently emphasized. It is oscillating between $0.65 and $0.72, which are the levels of support and resistance. The reason behind the low volatility is the present range phase.

Polygon (MATIC) has experienced a remarkable surge, gaining over 10% in recent weeks to reclaim the coveted $1.00 level. This rally has been driven by a combination of factors, including bullish technical signals, growing investor confidence, and positive sentiment surrounding Polygon’s ecosystem. Keep an eye on MATIC’s performance—it’s an exciting time for this cryptocurrency 🚀

$MATIC #PolygonMATIC

Shiba Inu (SHIB) Price May Break Down $0.0000210 Level

Shiba Inu's daily chart is negative. A few weeks ago, buyers dominated the SHIB market. At $0.00002270, the price passed the threshold. A strong bullish candle seems to indicate that buyers are prepared to enter the market every day.

On February 7, bulls drove the price above $0.00004399 as the daily candle broke over a resistance level at $0.000002270. At the resistance level of $0.0000439, sellers were battling against buyers. The selling continued at the previously mentioned level, giving the bears more ammunition. The price is currently declining in an effort to break below the $0.0000210 barrier.

$SHIB #shiba⚡ #Shibalnu

Cartesi (CTSI) Market Upside Correction Strengthens

The price of the Cartesi token has increased by roughly 9% today. This seems like a significant recovery considering the previous price increases seen over the past two sessions. Those could be considered a pullback, while today's price movement is the real correction. This is because price action was able to move through notable landmarks.

Cartesi Contracts Downward After Popping the $0.2500 Ceiling

Today's trading activity in the CTSI market has seen considerable price downward contraction. Nevertheless, trading activities continue above the Exponential Moving Average (EMA) curves. This seems favorable at the moment, as price action still has the chance to continue upward.

$CTSI