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LUNA/USDT analysis 🖨
Time Frame 1D
As you can see in the picture, LUNA is in a bearish channel, which is currently holding the price due to the $50 support range.
Given the state of the crypto market, we expect the price to reach the bottom of the bearish channel in the range of $35 soon, which is also a strong support range. Currently, this scenario has a higher probability of occurrence.
If Bitcoin can make a strong uptrend, we can expect LUNA to break the downtrend as well and reach the resistance level of $77. This scenario is unlikely.
CRYPTO MARKET Emergency News 📰
Bitcoin Slumps Below $35k, Crypto In Freefall As Russia Declares War
Bitcoin tanked on Thursday, with crypto markets in a sea of red after Russia declared war on Ukraine and began military operations in the Donbas region.
The world’s largest cryptocurrency slumped 11% overnight to about $34,900- its lowest level in a month. Altcoins including Ethereum, XRP and Solana logged double-digit losses, wiping out nearly $200 billion in crypto market capitalization
$35,000 was a key support level for Bitcoin, and its breach today could herald more losses. Speculation was rampant over where the next support level was for the token, and whether a recovery was possible.
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SUSHI/USDT analysis 🖨
Time Frame 4H
As you can see, SUSHI reached its main support level of $3.20 during yesterday's price drop.
After reaching the support range, the price started to come back and increase so that it is now in the $3.52 price range.
As you can see in the picture, in the $3.9 price range, there is a strong resistance as well as a downtrend.
In the current market conditions, we expect the price to continue to grow up to the resistance level of $3.9 and then be rejected from that range and fall down.
GOOD MORNING!! 📝
As you can see, last night and today, the price of Bitcoin had a bullish move from the range of $36,000, so that the price of BTC has now reached the range of $38,650.
As you can see today, Bitcoin has grown by 4% and Ethereum has risen by about 6%.
As you can see in the picture, the rest of the cryptocurrencies also started to increase today.
Also, Solana and Cardano have increased prices by about 8% and 9%, respectively.
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SAND/USDT analysis 🖨
Time Frame 4H
As you can see, SAND started to fall towards its main support level of $2.80 after being rejected from the $4.70 resistance range, which is also in the same range as the downtrend.
It now looks like the price intends to stay in the support range for a while, albeit shortly, and then, if the bitcoin conditions are favorable, SAND could also return to the downtrend trend range and resistance at $4.70.
But if Bitcoin falls again, it could cause SAND to lose its support. But for now we have to wait and then check.
CRYPTO MARKET News 📰
22 Million Shiba Inu Burned in Last 24+ Hours, 917 Million Tokens Gone Within Week
A massive amount close to a billion SHIB have been sent to "inferno" addresses within the past nine days, according to the Shibburn account on Twitter.
In the meantime, the same platform that collects data from Etherscan has tweeted that in the past 20+ hours, roughly 22 million SHIB meme coins have been incinerated by various teams within the SHIB community.
That took the burners 11 transactions, during which a total of 18,859,775 Shiba Inu were removed from the circulating supply.
Later on, another three million tokens were moved in three transfers.
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CRYPTO MARKET News 📰
Intel unveils 2nd-gen Bonanza Mine chip for efficient Bitcoin mining
Computer chip manufacturing giant Intel Corporation has shared details of a new mining chip that will be coupled with a high-performance 3,600-watt miner with the ultimate goal of improving Bitcoin (BTC) mining efficiency.
Intel revealed its second-generation BTC mining setup during the IEEE International Solid-State Circuits Conference (ISSCC) 2022, a conference dedicated to the electronics and chip manufacturing industry.
According to the company, Bonanza Mine (BMZ2) is an ultra-low-voltage energy-efficient Bitcoin mining ASIC that can deliver 40 terahashes per second (TH/s).
Intel’s patent related to “high-performance Bitcoin Mining” dates back to November 2018, which proposed to reduce overall power consumption by approximately 15%.
Intel representatives at the time showed confidence in competing against established players, including Bitmain, MicroBT and Nvidia.
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BTC/USDT analysis 🖨
Time Frame 4H
As you can see, BTC is struggling with a support level of $38,000. Although according to the previous analysis of Bitcoin in the daily time, we said that the probability of falling to the range of $36,000 is not low, but now, the price has well supported the level of $38,000.
If the support level of $38,000 is maintained and the price does not fall, we expect the price of Bitcoin to move towards the resistance range of $40,000.
In that case, we have to see if Bitcoin can cross the $40,000 resistance level.
GOOD MORNING!! 📝
As you can see, last night and today, the price of Bitcoin continued to decline, so that the price of BTC has now reached the range of $38,780
As you can see, Bitcoin has fallen 3.7 percent today and Ethereum has fallen about 5.7 percent.
As you can see in the picture, the rest of the cryptocurrencies also underwent a corrective and downward trend today.
Solana and Cardano also lost 5 and 6.47 percent, respectively.
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SOL/USDT Amazing profits 💰🚀
T3 and T4 were touched, For now we are waiting for next TP.
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CRYPTO MARKET News 📰
The Federal Reserve Minutes Indicate That The Hammer Could Fall Harshly On Crypto Markets.
Fed minutes are indicative of a plan to aggressively raise rates. Fed officials during the meeting also expressed concern over cryptocurrencies and stablecoins.
Analysts are unsure of how this development may impact the cryptocurrency markets.
The release of the Fed’s January meeting minutes has made it clear that the Fed plans to raise rates more aggressively with inflation at record levels.
In the released minutes, the Fed also broached the topic of crypto and stablecoins, raising concerns about the growth of the asset class.
The minutes of the FOMC meeting in January have now been released, and they reveal that the Fed plans to raise rates more aggressively than was thought previously.
It was decided that if inflation did not go down as expected, they would raise rates at a faster pace. The Labour Department report showed that inflation was at 7.5%.
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SOL/USDT Amazing profits 💰🚀
T1 and T2 were touched, For now we are waiting for next TP.
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GOOD MORNING!! 📝
As you can see, this morning the price of bitcoin fell sharply due to the Russian invasion of Ukraine, from $38,000 to $34,000. Bitcoin is currently priced at $35,580.
As you can see, Bitcoin has fallen about 7 percent today and Atrium has fallen about 11 percent.
As you can see in the picture, the rest of the cryptocurrencies also started a heavy fall today.
Solana and Cardano also fell about 6.5 percent and 14 percent, respectively.
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SOL/USDT analysis 🖨
Time Frame 4H
As you can see in the picture, SOL is in a bearish channel, which is currently moving towards the main support range as well as the bottom of the bearish channel.
We expect a return to the resistance range and a downtrend in the $91- $94 range if the price reaches the $83 main support area.
If the market downtrends or Bitcoin crashes, then we expect the $83 support range to be lost. For now, it's better to wait
CRYPTO MARKET News 📰
Investors Favor Gold Over Bitcoin During Ukraine-Russia Crisis
The Russia-Ukraine war shines a spotlight on gold and casts a shadow over Bitcoin. Investors favor Gold as a storage of value over Bitcoin. Investors prefer to invest in stable and reliable commodities instead of cryptocurrencies such as Bitcoin.
The war between Russia and Ukraine has pushed investors to rely on commodities such as gold and oil as a storage of value until the situation in the latter clears up.
There is a lot of debate around whether or not cryptocurrencies such as Bitcoin or Litecoin can be used as decentralized digital forms of storage of value. Bitcoin, specifically, is regarded as the modern, digitized version of Gold, and is often referred to as Gold 2.0.
On the other hand, the price of Bitcoin declined to almost half its all-time high set in the market within the last year.
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Educational Post📕
A Guide about Falling & Rising Wedge Patterns
1️⃣ WHAT IS A FALLING WEDGE PATTERN?
The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines .
It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.
2️⃣ WHAT IS A RISING WEDGE PATTERN?
The rising wedge (also known as the ascending wedge ) pattern is a powerful consolidation price pattern formed when price is bound between two rising trend lines .
It is considered a bearish chart formation which can indicate both reversal and continuation patterns – depending on location and trend bias.
Regardless of where the rising wedge appears, traders should always maintain the guideline that this pattern is inherently bearish in nature
BTC/USDT Emergency analysis 🖨
Time Frame 4H
As you can see, BTC is currently in the very important range of $36,700 and have dropped to $36,000.
The $36,000 range is a very important and vital support level for bitcoin and we expect the price of bitcoin to return from this level upwards.
We expect the price of Bitcoin to be well supported at the current point, or at least slightly neutral, then reach the resistance range of $39,000 to $40,000 and touch it.
DOGE/USDT WOW!!
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DOGE/USDT Fast Trading 👀
Sell (SHORT) Setup
Entry price: $0.13848 - $0.13523
Target 1% - 2% - 3% - 4% - 5% - 6% - 7% - 8% - 9%
Risk ratio 1:2
S/L 3.5%
XRP/USDT analysis 🖨
Time Frame 4H
As you can see, XRP reached the support level of $0.75 and was supported from there, and is now approaching its downtrend trend, which is $0.80.
We expect the price to reach the bearish trendline range again and if the conditions are right, break out and reach the upcoming resistance of $0.85.
Of course, given the current situation, there is a possibility of losing the $0.75 support range. We have to wait for now and check again later.
GOOD MORNING!! 📝
As you can see, last night and today, the price of Bitcoin had a bullish and pullback move, so that the price of BTC has now reached the range of $39,100.
As you can see, Bitcoin has grown by 2.2% today and Etjereum has risen by about 4.5%.
As you can see in the picture, the rest of the cryptocurrencies also started to increase today.
Also, Solana and Cardano have increased prices by about 10 and 4.5 percent, respectively.
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CRYPTO MARKET News 📰
NFT Marketplace OpenSea Suffers Massive Phishing Attack.
Online non-fungible token marketplace OpenSea has started investigating exploit rumors, stating that it has likely fallen victim to a fishing attack in a recent tweet.
The NFT community was set ablaze with speculation earlier today after it came to light that a hacker stole millions of dollars worth of non-fungible tokens.
On Saturday, the company informed users about launching a new upgraded smart contract, urging them to migrate their listings without paying gas fees before the deadline window closes on Feb. 25.
The hacker, however, has decided to take advantage of the upgrade by tricking users into parting ways with their NFTs with the help of legit-looking phishing emails.
The company has cautioned users against clicking any links outside of the official website.
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SOL/USDT Amazing profits 💰🚀
T5 and T6 were touched, For now we are waiting for last TP.
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ADA/USDT analysis 🖨
Time Frame 1D
As you can see, Cardano is stuck in a strong downtrend trend-line and has not been able to climb for a long time.
As you can see, the price is now in the very strong $1 support range, which is well supported.
We expect the price to be neutral in the $1 range for a while and then move towards a strong downtrend trend-line.
If this trend line is validly broken, Cardano's price could reach the important resistance range of $1.60.
LINK/USDT analysis 🖨
Time Frame 1D
As you can see in the picture, LINK is in a wide descending channel, which is currently almost within the channel floor.
Due to the fall of Bitcoin, Link also followed this trend and is moving towards the main support range of $14.
We expect the significant $14 support range to hold the price and spend some time in the neutral range.
After stabilizing at $14, we expect the price to once again reach and touch the strong $20 resistance range, which is also the top of the bearish channel.
SOL/USDT Amazing profits 💰🚀
T1 was touched, For now we are waiting for next TP.
We are saving some of our profits and put our stop loss at entry to secure our profit.
We can raise stop loss at our entry point to secure profits.
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