Based on today's classical pivot point (P1) with the value of $âŻ19.32, Ethereum Classic has support levels of $âŻ19.01, $âŻ18.52, and the strongest at $âŻ18.20. Similarly, Ethereum Classic resistance levels are at $âŻ19.82, $âŻ20.13, and $âŻ20.62.
#etc #MarketDownturn #Write2Earn #BecomeCreator #TONonBinance $ETC
{spot}(ETCUSDT)
Based on our technical indicators, Ethereum Classic's 200-day SMA will rise in the next month and will hit $âŻ26.87 by Sep 21, 2024. Ethereum Classic's short-term 50-Day SMA is estimated to hit $âŻ24.38 by Sep 21, 2024.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 47.38, which indicates that the ETC market is in a neutral position.
#etc #MarketDownturn #Write2Earn #BecomeCreator #TONonBinance $ETC
{spot}(ETCUSDT)
đ° Where Traders Are Losing Money:
Many traders find themselves caught in the trap of flipping bearish or bullish with every red or green candle, opening trades impulsively, while the overall price remains stuck in a range. This choppy lower timeframe action often leads to unnecessary losses. đđž[WAIT A SECOND VOTE FOR CRYPTO LEO T_](https://app.binance.com/uni-qr/cpro/cryptosea?l=en&r=157582291&uc=web_square_share_link&us=copylink)
To avoid these pitfalls, shift your focus to higher timeframes (HTF). đ Execute your trades based on the broader market trend, which reduces the likelihood of getting trapped by short-term volatility. đ
Remember, patience and a strategic approach on higher timeframes can be your best defense against market noise. đĄïž
#BecomeCreator
**Bitcoin Bounces Back: Bulls Are Charging! đ**
- Bitcoin (BTC) has rebounded over 22% since its August low of $49,557, with analysts optimistic about continued recovery.
- BTC supply on exchanges has dropped 11% this year, hinting at traders' preference to hold rather than sell.
- Institutional investors are showing love, pouring funds into spot Bitcoin ETFs, despite a slight dip in inflows recently.
- Bitcoin whales are on a feeding frenzy, accumulating 94,700 BTC in the past six weeks.
- BTC price broke out of a bull pennant, eyeing a target of $68,000 if bulls hold strong.
Hold tight, the bulls are on the run!
đ Bitcoin Bounces Back! đ
Bitcoin (BTC) has rebounded over 22% from its August low of $49,557, and analysts are optimistic about its continued recovery. đ
Key highlights:
- BTC supply on exchanges has dropped 11% since January, hinting at traders holding rather than selling.
- Institutional investors are still keen, with spot Bitcoin ETFs seeing positive flows in 9 of the last 13 trading days.
- Bitcoin whales are accumulating, adding 94,700 BTC in the past six weeks.
With BTC breaking out of a bull pennant, could $68,000 be next? Share your thoughts below! đŹ
#Bitcoin #CryptoTrends #BTC
**Bitcoin Bounces Back: Analysts Predict Continued Rally**
Bitcoin has surged over 22% since its August 5 low of around $49,557, with analysts optimistic about further gains. Onchain data reveals a significant drop in Bitcoin supply on exchanges, down 11% since January 1, suggesting traders prefer holding BTC. This trend, coupled with a 43% year-to-date price rise, hints at a bullish outlook.
Institutional interest remains strong, with US-based spot Bitcoin ETFs seeing positive flows in nine of the last 13 trading days. However, CryptoQuant notes a decline in ETF inflows, stressing the need for robust institutional demand to push Bitcoin to new highs.
Whales are also accumulating, adding 94,700 BTC in the past six weeks, aligning with a 13% price increase since July 5. Bitcoin's price has broken out of a bull pennant, a pattern suggesting further upside. Trading above $60,300, Bitcoin could target $68,000 if bulls maintain momentum.
Increased buying in the $58,653 to $60,465 range, where significant previous purchases occurred, supports this positive outlook. As always, investors should conduct their own research before making any decisions.
**News Flash: Campaign Finance Violations in Crypto World**
U.S. authorities have charged Michelle Bond, partner of ex-FTX Digital Markets co-CEO Ryan Salame, with breaking campaign finance laws.
An indictment unsealed on Aug. 22 in the Southern District of New York alleges Bond and Salame illegally funded her 2022 run for the U.S. House of Representatives.
Prosecutors claim a $400,000 payment from a now-defunct crypto exchange, arranged by an unnamed high-level executive, was involved.
Bond faces charges including conspiracy and accepting unlawful contributions.
Stay tuned for updates on this developing story.
**AI Agents Now Making Crypto Payments**
Skyfire has launched a groundbreaking payments network allowing AI agents to autonomously handle transactions. Each AI gets a pre-funded crypto account with safeguards to prevent overspending. Co-founder Craig DeWitt emphasized the need for AI agents to perform tasks beyond just searching, stating, "Either we figure out a way where agents are actually able to do things, or they don't do anything."
Denso, a global auto parts manufacturer, and the Payman platform are already leveraging Skyfire. This innovation marks a significant step in integrating AI with financial operations, showcasing the future of autonomous transactions.
Tether Treasury Mints $1.0 Billion USDT on TRON Network
On Tuesday, August 20th, Tether Treasury minted $1.0 billion USDT on the TRON network, marking the 18th such issuance in the past year. This consistent activity underscores a growing demand for stablecoins in the crypto space and highlights TRON's reliability as a blockchain platform.
TRON's appeal lies in its lower transaction fees, reliability, and faster transaction speeds, making it a preferred choice for stablecoin transactions. Currently, the total amount of USDT on TRON stands at $61.7 billion, surpassing the $52.1 billion on Ethereum. This trend indicates a positive outlook for TRON's role in the stablecoin market.