Bitcoin has broken the $65,000 level and surged towards the $69,000 resistance area. However, the price faced heavy selling pressure and dropped back down to the $65,000 area. The good news is that BTC was able to hold at $65,000 and has since rebounded from that level. It is recommended to maintain a tight stop loss in all open positions. Once BTC surpasses $70,000, there will be no further resistance and the Fear Of Missing Out (FOMO) will be huge.
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In February, BTC outflows from centralized exchanges surged, indicating a growing demand for Bitcoin. Additionally, with the upcoming halving reducing new supply, we could be on the brink of witnessing the most significant bull run yet.
Читать полностью…The market started moving as expected on Monday, with Bitcoin experiencing another surge and reaching the resistance area. However, the price is facing heavy selling at this level and is struggling to break through. It remains to be seen how BTC will react to this resistance. If it manages to break above $65,000, it will likely head towards the all-time high resistance of $69,000-$70,000. The support level remains unchanged.
Читать полностью…As expected, WAN has moved and is now attempting to break the resistance line. Wait for a candle to close above this resistance area for new entries. If there is a rejection from here, the price will move towards the support area.
Next Resistance Area: $0.305-$0.32
DOT has been on an upward trend and has now reached the previous resistance level. We may see a retest of this resistance area. If the price manages to break above this resistance level, then we may see a good rally. The key level to watch out for is $10, which is a psychological resistance area.
Читать полностью…DODO analysis:
The price is approaching a major resistance level and this is a good opportunity to book profits. Opening new long positions in this zone is not recommended due to the fear of missing out (FOMO). Instead, it is better to wait for a test of the resistance area and observe how the price reacts there. If the price drops towards the support area, that could be a good opportunity to open long positions.
Support Area: $0.185-$0.203
Resistance Area: $0.280-$0.304
WAN is a distributed ledger that allows for cross-chain transactions and the interoperability of multiple chains.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: $0.2939 - 0.40 - 0.50 - 0.60
Bitcoin liquidation heatmap showing key levels. There's a significant liquidity cluster shining brightly around $60,430 and $63,680. Keep an eye on these levels.
Читать полностью…Bitcoin continues to trade within the triangle pattern, approaching a crucial decision point. The support and resistance levels remain unchanged. Expect sideways movement over the weekend, with potential action unfolding on Monday as the triangle prepares to break.
Читать полностью…Here's a list of significant token unlocks happening in March:
- $DYDX: $114M on March 1
- $ZETA: $14M on March 1
- $SUI: $106M on March 3
- $AI: $17M on March 4
- $DYM: $23M on March 6
- $ENS: $32M on March 8
- $GMT: $29M on March 9
- $APT: $246M on March 12
- $ARB: $2.11 Billion on March 16
- $UNI: $91M on March 16
- $LMWR: $12M on March 16
- $ACE: $37M on March 18
- $MANTA: $40M on March 18
- $IMX: $114M on March 22
- $ALT: $52M on March 25
- $AXL: $38M on March 27
These unlocks could potentially impact their respective token's prices, so it's essential to keep an eye on them.
The TOTAL crypto market cap has successfully breached the major resistance area and is currently trading above it, indicating a positive market sentiment. This development suggests a potential move towards the next resistance area. However, there is a high probability of a retest of the support area before the next significant move.
Support Area: $2 Trillion
Next Resistance Area: $2.45-$2.50 Trillion
Major ATH Resistance Area: $2.90-$3.00 Trillion
Wallet Maintenance for Ethereum Network (ETH) - 2024-03-06
https://www.binance.com/en/support/announcement/6b2a85214252429db1d83400029587b6
DEGO made a high of $2.83, the first target achieved. So far more than 18% profit from our entry. You can increase your stop loss and hold the long position.
Читать полностью…AMB performed as we expected and the price surged from the support zone. Our long position has generated a profit of over 43%, and you can continue to hold the position with a trailing stop loss. The price has also broken through the resistance area and is now trading above it. We may see a continuation of the uptrend in coming days.
Next Resistance Area: $0.016-$0.0165
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The altcoin market cap (TOTAL2) has broken the resistance area and is now heading towards the next resistance area. Altcoins are pumping, and we may see a continuation of the uptrend. Keep booking profits or increasing your stop loss.
Resistance Area: $1.20-$1.25 Trillion
LRC Analysis:
The price of LRC is currently testing the resistance area, coinciding with a minor downtrend line acting as resistance. A successful break above this resistance would signal bullish momentum and likely lead to a continuation of the upward rally.
Resistance Area: $0.335-$0.350
the recent introduction of Bitcoin ETFs has significantly bolstered demand from institutional investors, acting as a major sink for available supply. These ETFs have already absorbed over $9 billion in BTC, underscoring a strong appetite among institutional participants. Given this escalated demand against a backdrop of diminishing new supply, there is a visible potential for upward pressure on Bitcoin’s price.
Читать полностью…It seems that the symmetric triangle is breaking in the downward direction on lower timeframes. The price is attempting to break the small downtrend line but is currently trading below it. There is a possibility that we might witness a test of the lower support area before the next move. It is recommended to keep a tight stop loss in all open positions.
- Support Area: $59,000-$60,000
- Next Support Area: $54,000-$55,000
- Resistance Area: $64,000-$65,000
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ETH analysis:
Price has reached a major resistance area. A break above this area could send the price towards the $4,000 level. However, if there is a rejection from this area, the price could fall towards the $3,000 support area.
UNFI analysis:
The price is currently attempting to break through a resistance area. If the candle closes above this area, it will be considered bullish and we can expect the price to move towards the next resistance area. However, if the price is rejected at this level, it will likely drop towards the support area. It is recommended to wait for a clear breakout or rejection before opening any new positions.
Support Area: $5.40-$5.85
Resistance Area: $7.20-$7.65
Next Resistance Area: $9.50-$9.75
BONK has shown a significant increase in value, just like most other meme coins. Our long position has resulted in a peak profit of 157% from the time we entered the market. You have the option to book profit from the long position or hold with a trailing stop loss. The resistance level has now become a support area.
Support Now: $0.0000165-$0.0000177
Bitcoin is maintaining its position above the $60,000 level and appears to be forming a symmetric triangle on lower time frames. It's likely that BTC will continue trading within this pattern throughout the weekend, with the breakout determining its next direction.
- Support Area: $59,000-$60,000
- Next Support Area: $54,000-$55,000
- Resistance Area: $64,000-$65,000
FIDA continues the upward movement and made a high of $0.404 today. So far more than 24% profit from our entry. Hold the position with trailing stop loss for maximum profit.
Читать полностью…UNI analysis:
UNI's price is surging due to the release of two new features: wallet extension and Limit Orders. On lower time frames, the price honouring the support area and creates a small trading range. If you currently hold long positions, it is advisable to increase your stop loss and hold. It's not recommended to open new long positions in a state of FOMO. It's better to wait for the price to stabilize.