DOT has once again rebounded from the major support area. If you have already accumulated some DOT, it is recommended to hold the position with a stop loss below the $4 level. The resistance is expected to be found at the $5.00-$5.20 area and we may see a test of this level in the coming days. You may consider adding more DOT to your portfolio if the price drops to the support area.
Читать полностью…MC analysis:
Price broke the downtrend channel on the daily chart. The resistance on the daily chart is $0.37 area. The support is $0.28-$0.30 and you can open long positions in this area with tight stop loss.
As expected price bounced from the support level. The long positions give a peak profit of more than 36% from our entry. Increase your stop loss and hold the position. The major resistance is the $1.60-$1.70 area.
Читать полностью…Notice of Removal of Trading Pairs - 2023-09-01
https://www.binance.com/en/support/announcement/65d22ef74f2f4fb8a71921fe5353781b
BOND analysis:
Price tested the downtrend line and was unable to go above it. The local resistance is the $2.30 level and the major resistance is the $2.55-$2.70 area. Better to wait for a break above the major resistance area for new long positions. The support on the downside is $2.00-$2.05 area.
LTH supply at ATH, we can also see that STH supply remains at multi-year lows. However, the chart below overlays the proportion of STH supply which is held at an unrealized loss.
Note how sharp upticks in STH Supply in Loss tend to follow 'top heavy markets' such as May 2021, Dec 2021, and again this week. Out of the 2.56M BTC held by STHs, only 300k BTC (11.7%) is still in profit.
Bitcoin continues the sideways movement and there is very low volume. The support level remains the same and there is nothing much to do. Let's see how the market reacts this week.
Читать полностью…Educational Post
What is Token Lockup?
The term token lockup refers to a specific period of time in which cryptocurrency tokens cannot be transacted or traded. Typically, these lockups are used as a preventive strategy to maintain a stable long-term value of a particular asset.
This may help to prevent the holders of big bags to sell their tokens all at once in the market, which would likely cause prices to tank very quickly.
It is common to see massive sell-offs after Initial Coin Offerings (ICO) where early investors (or even the project’s team) end up selling their holdings right after the cryptocurrency hits the market, causing massive drops in price.
So token lockups are used to avoid this from happening and they bring an extra level of confidence to the potential participants of a token sale.
Token lockups may also be called vesting periods. These are often set as one or two years after the launch of a cryptocurrency.
For example, if a startup creates a cryptocurrency and launches it through an ICO, they may define a lockup period for the team of two years, meaning that no team member will be able to access their tokens before the lockup period ends.
This brings a positive sentiment about the project and the team as it will likely keep them motivated to focus on long-term work, without worrying about the market value of their token.
Price is now testing the major support area again. This is the reason we told you to wait for some time. You can open a long position here with a tight stop loss below the $0.09 level. The resistance levels are mentioned on the chart.
Читать полностью…DAR analysis:
There is a small triangle pattern and we may see a breakout very soon. The resistance on the upside is $0.088 and the 0.095-$0.097 area. New entries are risky as the market can go either side. Better to wait for some good setup.
ETH balance on exchanges hit 5-year low. This is because of the ETH 2.0 staking program. This suggest less selling pressure for next bull run.
Читать полностью…Nothing has changed in Bitcoin and the slow moment continues. More sideways movement is expected in the coming days before a breakout. Keep an eye on the support level and build your position near it with tight stop loss. A break below $25,000 will bring negative sentiments in the market and heavy selling.
Читать полностью…Whales Moving ETH Holdings To Exchanges, Is Crash Below $1500 Imminent?
https://coingape.com/whales-moving-eth-holdings-to-exchanges-is-crash-below-1500-imminent/?utm_source=Crypto+VIP&utm_medium=telegram
DOT analysis:
Price is now testing the major support of the $4.20-$4.40 area. You can accumulate some DOT here for the mid-term. The resistance levels are mentioned on the chart.
WAVES analysis:
Price kissed the support level and bounced from there. The resistance is $1.78-$1.87 area. This is no trade zone and better to wait for a clear break above the resistance area or test the support area.
Price is slowly going downwards and we may see a new range here before the next move. A break below $26,800 will bring us down back in the trading range and we see a possible test of the $25,000-$26,000 area. The resistance area remains the same.
Читать полностью…Hello everyone, 4 days left until our next free for all pump on MEXC. We can guarantee that this upcoming pump will have amazing results, we are expecting at least a minimum of 5000% and more on the initial spike and multiple waves to follow through. This pump will have alot of support from our team. As we get closer to the pump, more details will follow , stay tuned! Read pinned post 😊
Читать полностью…The TOTAL2 (altcoin marketcap) tested the resistance area and rejected it from there. This is not a good sign and the price needs to break above the resistance area to get some positive movement in altcoins. This is a crucial point for altcoins. Keep tight stop loss in all trades.
Читать полностью…After the sideways movement, Bitcoin pumped on the news. The price tested the resistance of the $28,000 area and was rejected from there. Many traders book profit near the resistance area. If the price is unable to go above the resistance area then we see again a dump toward the $25,000-$26,000 area.
Читать полностью…Bitcoin is pumping because Grayscale win the spot ETF case against SEC. This doesn't mean the spot Bitcoin ETF will list for retail investors. This maybe a fake pump so better to play safe.
Читать полностью…The price needs to go above the $220 level to gain some positive momentum. There is accumulation going on lower time frames. We may see a big move on either side in the coming weeks.
Читать полностью…ICP analysis:
Price is now testing the major support of the $3.30-$3.65 area. We may see a bounce from here toward the $4.50 resistance area. You can build a long position with a tight stop loss below the $3.10 level.
Binance Removes Cardano, MATIC, Pepe Coin, BTC & 35 Other Liquidity Pools, What It Means?
https://coingape.com/binance-removes-cardano-matic-pepe-coin-btc-35-other-liquidity-pools-what-it-means/?utm_source=Crypto+VIP&utm_medium=telegram
Bitcoin Weekly analysis:
Price testing the support on the weekly chart. This is the key level on the weekly chart and if broken then we see a dump toward the next support of $17,620-$19,000 area. $25,000 is the crucial support on the daily and weekly chart and bulls need to hold it at all cost. Keep tight stop loss in all trades.
Hello everyone, the next Mega Pump Signal will be scheduled for :
Date : 3-September-2023 Sunday
Time : 4 PM GMT
Pairing : USDT
Exchange : MEXC
Advantage : Free For All
With the success of our previous big signal #FRTN reaching whopping +6500% gains on MEXC, we are ready to announce our next big signal on MEXC. We have decided to start pumping on MEXC for multiple reasons. 1st of all, we believe that with our massive buying power we will be able to reach 5000%-7000% easily possibly even more. 2nd of all, MEXC doesn't require KYC meaning you can make an account there without verifying your identity and get past any restrictions other exchanges could have. Finally, there is very little hidden sell pressure in the orderbooks. we have decided to schedule our next signal in 7 days to make sure that we are fully prepared. Our main goal for this pump signal will be to make sure that every single member in our group makes a massive profit. With our ability to keep creating the most powerful and biggest pumps , we will take every opportunity we can get. We welcome everyone to join us as we create the next big pump all traders and investors all over the world have been waiting for.
This event will be the biggest one that we have done in the history of our group and will top our previous ones in terms of % gain. Our team are closely monitoring a number of suitable coins, and we have a few absolute gems lined up ready to shake the market again. Instructions will be given out in the upcoming days to make sure all our members are prepared for MEXC. We are expecting hundreds of thousands of people all across the world to attend this pump and possibly more than a million people across all social medias will be watching. Be prepared.
TOMO drops to the support level as mentioned. If your buy orders get filled then use a tight stop loss below $0.94 level. A bounce is expected from the support level.
Читать полностью…ARKM analysis:
Price is in a continuous downtrend on the daily timeframe. ARKM also broke the small uptrend line and we may see a move toward the $0.35 support level in the coming days. The major resistance is the $0.446-$0.452 area. Better to wait for some time for new entries.
The percent of Bitcoin supply in profit has just fallen from 71% to 61%. This indicates that the average buying of 10% supply is around $28,000-$30,000 area. This is the key level for bulls as many will try to breakeven at this point.
Читать полностью…The sideways movement continues in Bitcoin. The market is again going in a range after the dump. There is not much to worry about as long a BTC holds the major support area.
Читать полностью…Educational Post:
Funding Rates
The funding rate is the cost of holding an open position in a perpetual swap contract (perp). It is usually calculated by the difference between the [price of the perpetual swap contract] and [price of a spot-based index].
If funding is positive, the perp price is trading at a premium (above) the index price. Open long positions pay funding, open short positions receive funding. If funding is negative, the perp price is trading at a discount (below) the index price. Open short positions pay funding, open long positions receive funding.