LIVEbenjagaliano
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$ETH is preparing for a big shake-up âĄïž
Those who have been following me for a while know that I don't usually base my analysis on the crossing of moving averages, but this time I can't ignore it.
The 200 EMA remains a solid support, while the 20, 50 and 100 period EMAs are in a tight range, indicating that we are in a consolidation phase. When these averages are compressed in this way, they usually precede a strong movement in price.
Although I am leaning towards an upward trend, I do not rule out the possibility of a bear trap (a brief rise and then fall), looking to liquidate short positions before a correction.
The RSI is close to 50, signaling indecision in the market, while low volume indicates that something important is about to happen. In addition, key reports are revealed today in the US that could act as the trigger for this move.
My advice: trade with caution, volatility is just around the corner.
Those who have been following me for a while know that I don't usually base my analysis on the crossing of moving averages, but this time I can't ignore it.
The 200 EMA remains a solid support, while the 20, 50 and 100 period EMAs are in a tight range, indicating that we are in a consolidation phase. When these averages are compressed in this way, they usually precede a strong movement in price.
Although I am leaning towards an upward trend, I do not rule out the possibility of a bear trap (a brief rise and then fall), looking to liquidate short positions before a correction.
The RSI is close to 50, signaling indecision in the market, while low volume indicates that something important is about to happen. In addition, key reports are revealed today in the US that could act as the trigger for this move.
My advice: trade with caution, volatility is just around the corner.
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$ETH is preparing for a big shake-up âĄïž
Those who have been following me for a while know that I don't usually base my analysis on moving average crossovers, but this time I can't ignore it.
The 200 EMA remains a solid support, while the 20, 50 and 100 period EMAs are in a tight range, indicating that we are in a consolidation phase. When these averages are compressed in this way, they usually precede a strong movement in price.
Although I am leaning towards an uptrend, I do not rule out the possibility of a bear trap (a brief rise and then fall), looking to liquidate short positions before a correction.
The RSI is close to 50, signaling indecision in the market, while low volume indicates that something important is about to happen. In addition, key reports are revealed today in the US that could act as the trigger for this move.
My advice: trade with caution, volatility is just around the corner.
Those who have been following me for a while know that I don't usually base my analysis on moving average crossovers, but this time I can't ignore it.
The 200 EMA remains a solid support, while the 20, 50 and 100 period EMAs are in a tight range, indicating that we are in a consolidation phase. When these averages are compressed in this way, they usually precede a strong movement in price.
Although I am leaning towards an uptrend, I do not rule out the possibility of a bear trap (a brief rise and then fall), looking to liquidate short positions before a correction.
The RSI is close to 50, signaling indecision in the market, while low volume indicates that something important is about to happen. In addition, key reports are revealed today in the US that could act as the trigger for this move.
My advice: trade with caution, volatility is just around the corner.
$SCR
LIVEFaustino Fernandez
--
Bullish
Attention Binance users! đ Get ready for the next event that will make your crypto heart beat faster: the arrival of Scrollâs SCR token!
Although Scroll has not set a specific date yet, the launch is projected to happen in Q3. With Scrollâs zkEVM network up and running since October 2023, no less than 76,954 ETH has already been deposited â a value of over $180 million! đ°
What are zkEVMs? In simple terms, they are like Ethereumâs smarter cousin that, instead of doing all the heavy lifting, bundles it into little packets, processes it off-chain, and then validates it on Ethereum. Itâs like sending your clothes to the laundromat and receiving them back perfectly ironed and ready to wear! This reduces costs and improves efficiency. Goodbye to long waits!
But wait! Binance is proud to be the first platform to list SCR, and not only that - we'll be having a pre-market starting on October 11th at 10:00 UTC! đ
That means that before everyone else finds out, you'll already be well informed. But beware of scams - make sure to do your research before putting your funds at risk.
For the more eager, you'll be able to start "farming" SCR starting October 9th at midnight UTC by locking up your BNB and FDUSD. Don't forget to check out the Binance website, which will be live in 24 hours, like an exciting movie trailer. đż
Remember that participation in the Binance Pre-Market will depend on the region you reside in. So make sure you're ready to ride the crypto wave with Scroll! đââïž
And don't forget, crypto friends! Keep your emotions in check and your investments well-informed! đ
#BinanceLaunchpoolSCR #ETHETFsApproved $ETH
Although Scroll has not set a specific date yet, the launch is projected to happen in Q3. With Scrollâs zkEVM network up and running since October 2023, no less than 76,954 ETH has already been deposited â a value of over $180 million! đ°
What are zkEVMs? In simple terms, they are like Ethereumâs smarter cousin that, instead of doing all the heavy lifting, bundles it into little packets, processes it off-chain, and then validates it on Ethereum. Itâs like sending your clothes to the laundromat and receiving them back perfectly ironed and ready to wear! This reduces costs and improves efficiency. Goodbye to long waits!
But wait! Binance is proud to be the first platform to list SCR, and not only that - we'll be having a pre-market starting on October 11th at 10:00 UTC! đ
That means that before everyone else finds out, you'll already be well informed. But beware of scams - make sure to do your research before putting your funds at risk.
For the more eager, you'll be able to start "farming" SCR starting October 9th at midnight UTC by locking up your BNB and FDUSD. Don't forget to check out the Binance website, which will be live in 24 hours, like an exciting movie trailer. đż
Remember that participation in the Binance Pre-Market will depend on the region you reside in. So make sure you're ready to ride the crypto wave with Scroll! đââïž
And don't forget, crypto friends! Keep your emotions in check and your investments well-informed! đ
#BinanceLaunchpoolSCR #ETHETFsApproved $ETH
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