XEM Analysis :
XEM giving some strong rejections from the major resistance zone of $0.044 - $0.045 but in H4 its looks like a breakout and HTF says its fakeout now. Price now expected to reach the a flip zone/ support zone of $0.040 - $0.041, which seems to be a strong area for buys and go with the trend. Look for a rejection and closure to get into the trend.
BCH now on its verge to break the trendline, which price was hodling for a long and standing strong too. Incase of price breaks and close below the zone trendline then you can go with the shorting setup on the rest of the trendline.
Читать полностью…🚀 Get ready for the CVIP Token Extravaganza! 🌟
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KDA Analysis :
KDA rejected both side of the $1.35 - $1.43 and Support zone of $0.88 - $0.94 and ranging. Price kinda stuck inbetween and forming a triangle pattern which tend to move the next momentum. Right now, its better to wait for the Breakout and then look for potential setups.
BOND analysis:
The price has been testing the resistance area several times, indicating a possible breakout. Additionally, there is a small uptrend line that serves as a support area. To get a better idea of market movement, we should watch for a price close above the resistance area before entering new positions. This could lead to a good opportunity to buy.
Resistance Area: $3.50-$3.68
The price of XTZ has been moving upwards as anticipated, resulting in long positions generating over 40% profit from our entry. However, it has been unable to close above the resistance area and is currently trading below it. There might be another attempt to break above this resistance area.
Читать полностью…SFP analysis:
Price is attempting to break through the resistance level. A candle close above this level would indicate a bullish trend and could result in a significant upward movement. Wait for the breakout and confirmation before making new entries.
Resistance Area: $0.73-$0.75
Next Resistance Area: $0.83-$0.86
ASTR analysis:
Price is currently trading within a large symmetric triangle. A test of the support trendline may occur before the next move. Wait for some time for new entries.
Support Area: $0.120-$122
Resistance Area: $0.135-$0.139
Twitter confirmed that the SEC account was compromised. Bitcoin is holding above the $45,000 even after the bad news. Investors have good faith that ETF will approve very soon and this is holding the price.
Читать полностью…Bitcoin faced heavy selling near the major resistance area of $48,000 and was rejected from there. The price dropped around $3,500 in just 15 minutes after a fake tweet from the SEC about the approval of ETF. The good news is that the price is once again trading above the $45,000 level. However, if the SEC postpones the BTC ETF, then we may see more selling in the market. It's better to use tight stop-loss in all open positions to minimize losses.
Support Area: $43,000-$44,000
Resistance Area: $48,000-$49,000
ZIL has broken below its support level and the daily candle has closed below it. You may consider taking a small short position if the price retraces and retests the resistance level. The market structure that was previously bullish has now been broken, and we may see a test of the support area.
Local Support Area: $0.0193-$0.0195
Major Support Area: $0.0152-$0.0158
Resistance Area: $0.0217-$0.0223
MINA analysis:
The price broke the support area and now trading below the support area. We may see a test of the lower support area and swing between the support and resistance levels.
Support Area: $0.98-$1.00
Resistance Area: $1.16-$1.23
Bitcoin is currently trading sideways, with the price hovering near a key resistance area. It is important to be prepared for a potentially significant move in either direction. The critical levels to watch are $40,000 and $45,000, and it is recommended to maintain tight stop-losses on all open positions.
Читать полностью…ONE analysis:
The price has recently broken below a support area, but it is now attempting to reclaim it. If the daily candle closes below the support level, it may indicate further drops in the market. It is advisable to avoid opening any long positions at this time and wait for some time instead.
Support Area: $0.0183-$0.0188
This downtrend appears to have reversed in the near-term, with IV more than tripling since the low of ~30% in October, to over 97% this week. With spot ETF products opening new doors for both institutional and retail capital, it is likely the volatility profile of Bitcoin will also start to evolve.
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The cryptocurrency market cap is holding a support area and is trading within a broadening uptrend channel. The support level is maintained, indicating investors' confidence in the market.
Читать полностью…The market for Bitcoin remains unchanged and the cryptocurrency is currently trading below the trendline. The support level has not shifted and there is a possibility that we may witness another downturn. The Grayscale ETF is currently selling BTC and this is contributing to the selling pressure in the market. We will have to wait and see how the market behaves in the upcoming week. It is advisable to use a stop loss in all trades.
Читать полностью…CHR analysis:
The price has been rejected from the resistance area, which indicates that it may test the support level in the upcoming days. To take advantage of this, you can place your orders near the support area and wait for the market to move in your favor. It's worth noting that CHR has a lot of big news coming up this year.
Support Area: $0.187-$0.192
Resistance Area: $0.288-$0.296
Bitcoin is currently attempting to break through a resistance area but has been turned away several times. We may see BTC test the $40,000-$42,000 zone to accumulate before any further moves are made. It is recommended to use tight stop loss in any open positions and keep an eye on the $40,000 level.
Читать полностью…Bitcoin is currently encountering a lot of selling pressure above the $48,000 mark. The price experienced a sudden drop from there. However, it is still holding above the $45,000 support level. On the other hand, Altcoins are performing well with good upward movement and volume. This trend may continue if Bitcoin remains stable above the $45,000 level.
Читать полностью…Bitcoin's Spot ETFs have been approved, resulting in the price reaching the $45,000 level. It seems that the increase in Bitcoin's value has stopped, and we are now seeing a shift towards altcoins. I anticipate that Bitcoin will remain stable above $45,000 this week. The trading of Bitcoin ETFs will commence from today.
Читать полностью…Educational Post:
What Is an API Key?
An API key is used to control and track who is using an API and how they’re using it. The term “API key” can mean different things for different systems. Some systems have a single code but others can have multiple codes for a single “API key”.
As such, an “API key” is a unique code or a set of unique codes used by an API to authenticate and authorize the calling user or application. Some codes are used for authentication and some are used for creating cryptographic signatures to prove the legitimacy of a request.
These authentication codes are commonly referred to collectively as an “API key”, while the codes used for cryptographic signatures go by various names, such as “secret key”, “public key”, or “private key”. Authentication entails identifying the entities involved and confirming they are who they say they are.
Are API Keys Secure?
The responsibility of an API key rests with the user. API keys are similar to passwords and need to be treated with the same care. Sharing an API key is similar to sharing a password and as such, should not be done as doing so would put the user’s account at risk.
API keys are commonly targeted in cyberattacks because they can be used to perform powerful operations on systems, such as requesting personal information or executing financial transactions. In fact, there have been cases of crawlers successfully attacking online code databases to steal API keys.
The consequences of API key theft can be drastic and lead to significant financial loss.
Furthermore, as some API keys don’t expire, they can be used indefinitely by attackers once stolen, until the keys themselves are revoked.
UNI made a clean close below candle and made a retest back inside that. Price made a quick drop and made a low of $5.66, which is 21.5% in profits. Secure some right here and hodl the retest with breakeven stops. Potentially we can move towards the next support area of $4.70 - $4.95, and further setups can be taken along.
Читать полностью…XTZ bounced from the support area as expected. If you have opened long positions, then increase your stop loss to the break-even point and hold. We will see good upward movement if Bitcoin stabilizes above the $46,000 level.
Читать полностью…Bitcoin has been struggling to surpass the resistance area, and it has been rejected from there once again. Meanwhile, altcoins are hitting hard because the spot BTC ETF decision is on 10th January and we may see high volatility in Bitcoin the same day. Keep tight stop loss in open positions.
Читать полностью…The TOTAL2 (altcoin marketcap) could not sustain its position above the resistance area and was rejected from there. As a result, the price has dropped down to the support area. Fortunately, it holds the support level, which is a good sign. We may witness a period of horizontal trading between the support and resistance levels.
Читать полностью…Bitcoin attempted to break through the resistance area but failed and was dumped. Altcoins are also experiencing a sharp drop, indicating that traders are moving towards BTC. We may see quick movements in either direction in the coming days.
Читать полностью…Educational Post
What is Swing trading?
Swing trading is a type of longer-term trading strategy that involves holding positions for longer than a day but typically not longer than a few weeks or a month. In some ways, swing trading sits in the middle between day trading and trend trading.
Swing traders generally try to take advantage of waves of volatility that take several days or weeks to play out. Swing traders may use a combination of technical and fundamental factors to formulate their trade ideas. Naturally, fundamental changes may take a longer time to play out, and this is where fundamental analysis comes into play. Even so, chart patterns and technical indicators can also play a major part in a swing trading strategy.
Swing trading might be the most convenient active trading strategy for beginners. A significant benefit of swing trading over day trading is that swing trades take longer to play out. Still, they’re short enough so that it’s not too hard to keep track of the trade.
This allows traders more time to consider their decisions. In most cases, they have enough time to react to how the trade is unfolding. With swing trading, decisions can be made with less haste and more rationality. On the other hand, day trading often demands fast decisions and speedy execution, which isn’t ideal for a beginner.