Crypto VIP Signal

09 May 2024 12:07

NEXO is still trading within the triangle pattern. We may see a test of the support area and observe how the price reacts. The support and resistance levels remain unchanged.

Crypto VIP Signal

08 May 2024 20:56

JUP analysis:

Price was rejected from the resistance area and now slowly moving towards the support area. This is no trade zone and better to wait for some time.

Support Area: $0.835-$0.895

Resistance Area: $1.14-$1.22

Crypto VIP Signal

08 May 2024 12:32

ALT is continuing its downward movement, with the price being unable to break the trendline. It is predicted that we may see the price move towards the major support area in the coming days. This zone would be ideal for new entries.

Major Support Area: $0.295-$0.305

Crypto VIP Signal

08 May 2024 04:09

Notice of Removal of Spot Trading Pairs - 2024-05-10
https://www.binance.com/en/support/announcement/04be5fb46fe84e2eadc01fbc2c445cfa

Crypto VIP Signal

07 May 2024 17:15

Since the inception of the Spot Bitcoin ETF trading in the U.S. on January 11th, there has been a notable surge in spot Bitcoin trading volume, exerting a positive influence on price momentum. Glassnode employs the Net Unrealized Profit and Loss (NUPL) metric to elucidate the impact of ETFs on investor behavior.


NUPL quantifies the net profit (or loss) on market holdings, normalized by market capitalization. According to Glassnode's data, NUPL has consistently exceeded 0.5 over the past seven months, indicating that the market is currently in a "typically exuberant phase of a bull market."

Crypto VIP Signal

07 May 2024 08:49

Bitcoin encountered strong selling pressure at the resistance area which resulted in the price being declined. It is possible that we may see another attempt to move towards the resistance area and we will have to wait and see if the price can break above it and close. So far, there has been no significant change in the market.

Crypto VIP Signal

06 May 2024 14:59

JUP is facing heavy selling at the resistance area. A move towards the support area is expected if the price is rejected from there. Place buy orders in the support area and wait.

Support Area: $0.833-$0.895

Resistance Area: $1.12-$1.20

Crypto VIP Signal

06 May 2024 07:45

Bitcoin has broken the downtrend channel and is moving upward on lower time frames. Currently, the price is attempting to surpass the resistance area. If BTC can successfully break and maintain its position above the resistance area, we can expect a continuation of the upward trend.

Resistance Area: $64,500-$65,500

Crypto VIP Signal

05 May 2024 21:44

ALT analysis:

Price is currently trading in a downtrend channel while respecting support and resistance lines. The price must break and close above the $0.40 level to gain some bullish momentum. It is better to wait for new entries for now.

Crypto VIP Signal

05 May 2024 20:26

BOND achieved the first Target in BTC pair and printed more than 12% profit from our entry. Increase stop loss and hold the trade for maximum profit.

Crypto VIP Signal

05 May 2024 15:51

NUPL helps identify the Euphoria phase in a bull market when unrealized profits exceed half the market capitalization (NUPL > 0.5).

In the previous cycle (2020-21), this phase occurred 8.5 months after the #Bitcoin halving and lasted for about 10.5 months.

But in this cycle, NUPL crossed 0.5 around 6.5 months before the halving, indicating a notable change. The introduction of US ETFs played a significant role, accelerating price action and shaping market dynamics.

Crypto VIP Signal

05 May 2024 11:29

It appears that GAL has rebounded from the support area as anticipated. If you have already taken a long position, it is recommended to keep holding on to it with a tight stop loss. There is a possibility that we may witness a further upward movement towards the local resistance area. Please note that the support and major resistance areas remain unchanged.

Local Resistance area: $4.10-$4.20

Crypto VIP Signal

04 May 2024 21:19

Educational Post

Bollinger Bands (BB)

Bollinger Bands measure the volatility of the market, as well as overbought and oversold conditions. They are made up of three lines - an SMA (the middle band), and an upper and lower band. The settings may vary, but typically the upper and lower bands are two standard deviations away from the middle band. As volatility increases and decreases, the distance between the bands increases and decreases as well.

Generally, the closer the price is to the upper band, the closer to overbought conditions the charted asset may be. Conversely, the closer the price is to the lower band, the closer to oversold conditions it may be. For the most part, the price will stay within the bands, but on rare occasions, it may break above or below them. While this event may not be a trading signal in itself, it can act as an indication of extreme market conditions.

Crypto VIP Signal

04 May 2024 14:11

ETH has rebounded from the support area several times. Currently, the price is moving towards the resistance line of the falling wedge pattern. This pattern may likely break upwards. If you have opened long positions, it is advised to increase your stop loss and hold the long position.

Crypto VIP Signal

03 May 2024 20:14

ONT analysis:

The price has broken below the support level and is now testing it. However, the price is still in a minor downtrend. Therefore, it is advised to wait for new entries.

Support Area: $0.315-$0.327

Resistance Area: $0.375-$0.39

Crypto VIP Signal

09 May 2024 08:41

Bitcoin is currently attempting to hold the trendline and it remains to be seen how the price will react. The major support area is currently between $59,000-$60,000, while the resistance levels have remained unchanged. We may witness a significant market movement next week.

Crypto VIP Signal

08 May 2024 15:44

Persistence often pays off in the long run. Typically, there's a period of 5-6 months of accumulation before a significant market movement occurs.

Crypto VIP Signal

08 May 2024 09:44

Bitcoin is now going for a retest of the trendline. We may see a bounce from there. The resistance level remains the same and we see a big move if the price can close above the $65,500 level.

Crypto VIP Signal

07 May 2024 20:50

CRV Analysis :

CRV is currently lying the major support zone of $0.39 - $0.41 with that it’s forming a Symmetrical Triangle pattern over still. The price is strongly bearish so it might break to the downside and continue to fall. A break to the upside will give the sign of bullishness and can take potential buys on the retest.

Crypto VIP Signal

07 May 2024 12:10

DOT is currently trading within a range and there have been no significant changes yet. We may see a movement towards the resistance area. However, as this is not a trading zone, it is better to wait for a clear breakout above the resistance area before making any new entries. The support and resistance levels remain the same.

Crypto VIP Signal

06 May 2024 20:40

IMX analysis:

The price of IMX is currently oscillating within a range defined by support and resistance levels. At present, the market is in a consolidation phase, indicating a neutral stance for traders. It's advisable to await a confirmation of the price action at the resistance level before considering any trading positions.

Support Area: $1.65-$1.80

Resistance Area: $2.45-$2.60

Crypto VIP Signal

06 May 2024 11:44

The Altcoin Market Cap (TOTAL2) has bounced back from the support area as expected. We recommended you accumulate your favourite altcoins and now they are in profit. You should increase your stop loss and hold the positions as we may see a move towards the resistance area in TOTAL2.

Resistance Area: $1.20-$1.25 Trillion

Crypto VIP Signal

05 May 2024 22:30

EDUCATIONAL POST

Exploring Uniswap and PancakeSwap: A Beginner's Guide

 

Crypto VIP Signal

05 May 2024 20:30

BOND made a high of $3.28 today and that is more than 13% profit from our entry on spot and more than 130% profit with 10x leverage. Our technical analysis team always tries to find the best setups with good fundamentals. Pin our channel on top to never miss a signal and share it with your loved ones. Let's earn together 😊

Crypto VIP Signal

05 May 2024 20:17

KEY made a high of $0.07549 today, the first Target achieved. That is more than 12% profit in spot pair and 128% profit with 10x leverage on futures. You can book some profit on future position or hold with trailing Stop loss.

Crypto VIP Signal

05 May 2024 13:41

Educational Post

What Are Crypto Pre-Markets?

Since the crypto markets operate 24/7, the term pre-market has a different meaning. Crypto pre-markets refer to trading platforms where investors can trade tokens before they are officially launched or distributed to the general public.

Typically, traders use crypto pre-markets to speculate on the value of tokens, buying and selling based on their projected worth post-launch. However, crypto pre-markets are not limited to tokens. In some cases, they allow the trading of "protocol points" that might serve as criteria for future airdrops.

How Do Crypto Pre-Markets Work?

Crypto pre-markets work similarly to peer-to-peer (P2P) trading platforms but are distinguished by their focus on tokens that are yet to be launched. Crypto pre-markets can offer investors an opportunity to trade tokens during the interval between the allocation announcement, token distribution, and official listing on a trading platform.

For instance, consider a new cryptocurrency project that announces the release of its token through an initial exchange offering (IEO). Before the tokens are officially distributed and listed on exchanges, the project opens a pre-market phase on a decentralized platform where early investors can trade the unreleased tokens. This trading activity provides early price discovery and liquidity, allowing traders to gauge market sentiment and set preliminary valuations for the project’s token. Centralized exchanges (CEXes) can also offer crypto pre-market trading, acting as custodians for the transactions.

Crypto VIP Signal

05 May 2024 08:10

Bitcoin has been rejected from the trendline and is now moving sideways. We will likely see a continuation of the sideways movement for the next couple of days before the next move. The support level is currently at $59,000-$60,000, and the market is bullish as long as BTC is trading above it.

Crypto VIP Signal

04 May 2024 18:15

In the past 24 hours, over $124 million worth of positions have been liquidated, with more than $94 million in short positions alone. This indicates a significant number of over-leveraged positions in the market. We may expect some sideways movement in the market for the next couple of days.

Crypto VIP Signal

04 May 2024 07:26

Bitcoin has recently climbed back up to the $60,000 level and is currently trading above it. This is a positive for the crypto market, as it suggests that the upward trend is continuing. It remains to be seen how the price will react when it reaches the $65,000 level, but many traders are feeling optimistic about the future. Overall, market sentiment is trending bullish once again.

Crypto VIP Signal

03 May 2024 15:32

Daily RSI data for Bitcoin looks good! When RSI hits around 30, it's historically a smart time to buy.