17912
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#ZECUSDT
After testing resistance, the price fell breaking below the 22.41 support area and is now trading in a new zone. Price has tested 22.13 levels and is looking to reverse to the upside. If price brakes above 22.41 we can look for buying opportunities. However, if the price continues its bearish movement and breaks below our indicated line, we can expect further bearish momentum towards 21.50 levels.
https://www.tradingview.com/x/YIptNf86/
Crypto Market Insights
1) U.S. SEC expected to deny spot Ether ETFs next month
The United States Securities and Exchange Commission (SEC) will most likely deny spot Ether
exchange-traded funds (ETF) in May, according to a new report. Reuters reported on April 24 that U.S. issuers and other firms expect the SEC to reject spot Ether ETF applications next month following meetings with the regulator in recent weeks, citing four people who participated in the meetings. The sources opposed the unsuccessful talks regarding Ether ETFs to detailed discussions between issuers and the agency in January, weeks before it approved spot Bitcoin ETFs. Many analysts agree that the SEC is likely to further delay possible approval of Ether ETFs.
2) Bitcoin mining profits get squeezed post-halving
Faced with a high network hash rate and lower revenues, Bitcoin miners could be in for a rough couple of months as the market adjusted to the quadrennial halving. According to crypto analytics firm CryptoQuant, miners’ hash price has declined from nearly 12 cents in early April to 7 cents post-halving. The hash price peaked at 19 cents on halving day, with mining revenue reaching $107 million. In Bitcoin mining, the hash price refers to mining revenues generated on a per tera-hash basis. Despite seeing lower revenues, CryptoQuant said overall market conditions remained stable.
#WUSDT Update
The price had a sharp decline towards our second entry point which just got activated. The current situation of the market is bearish and pushing down for liquidity raid before any upwaed movement. will love to close the position on current market price 0.534 with 0.81%📉 loss and exercise patience for completion of the liquidity raid.
https://www.tradingview.com/x/7FEOy4yb/
#GMTUSDT Update
The current market is about to breakout to the upside and it is currently trading 8% above our entry point. We move target 1 to current price by closing 40% and update our stoploss to the entry point in order to have a risk-free trade as we approach our targets.
Take Profit 1 is now at 0.2491
Stop Loss is moved to breakeven point at 0.2305
https://www.tradingview.com/x/8eKdXTFe/
#GMTUSDT Update
The current market is about to breakout to the upside and it is currently trading 16% above our entry point. We will be looking to update our stoploss to the entry point in order to have a risk-free trade as we approach our targets.
https://www.tradingview.com/x/8eKdXTFe/
#BNBUSDT Update:
Trade hit BEP, Closed!
https://www.tradingview.com/x/CWTu1zAX/
#ETHUSDT
The asset is moving in a downtrend, tested the line at 3706 and fell back down. Price is now moving up towards the trend-line again and is expected to respectfully pullback and decline further.
https://www.tradingview.com/x/FwOairHv/
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https://x.com/whaletankcrypto/status/1782722460812492988?s=48
#XTZUSDT
Price moving in a downtrend and dropped rapidly from the 1.280. The asset is now moving in between our zones and we expect it to respect the indicated areas until the price retests the trend-line. If price breaks above we can look for longs.
https://www.tradingview.com/x/oyLj6t93/
#WUSDT
Risk : 1%
Entry: 0.631(CMP) / 0.57
TP : 0.76 / 0.96
SL : 0.517
The price declined and it gradually changed characters twice and pushed up gradually, it restest the range and waiting to push up to break the major and intermediate resistance.
opening a long position with a stoploss when we have a 4hours close below the support zone.
https://www.tradingview.com/x/gVGFzZSO/
#LTCUSDT Update
As shown on the 4h, price rose as expected and went above the pivot point. The asset reached $86 where the price performed a small pullback but it couldn't break its latest high where a change of character might happen. Price might plunge earlier than we expect. If the price went back to the pivot point, it might perform a pullback but selling pressure might still affect the price. In this case, price might go below the pivot point and continue with the trend downwards
https://www.tradingview.com/x/YQQB6dy6/
#TIAUSDT
Long
Risk:0.5%
Entry: 11.3123
Tp: 11.9727
Sl: 11.0695
Price is currently showing bullish momentum and is moving in between our 1H support and resistance area. We expect the price to retest support area where we marked our entry, before pushing to the upside. We placed our stop-loss below our indicated support zone.
https://www.tradingview.com/x/m35cttOF/
Crypto fear & greed Index: 73
Whenever this index reaches 95, then major selling happens. When this index goes above 90, then it is a red sign and correction can happen at any time.
On 14th March 2024, when BTC made a new all-time high, it was around 88 and after that, BTC corrected more than -17.66% from the all-time high till 20th march 2024 swing low.
Yesterday, the index was 72. The lowest low of 3 months was 48 which was noted on the 24th January 2023.
Note: This indicator shows the overall market sentiment.
#Bitcoin halving officially completed
Читать полностью…
#MINAUSDT
Price broke out and surged from 0.866 level, tested current resistance then fell back down. Price is now at support level looking to move to the upside, we are expecting the price to pull back around 1.0149 before continuing to the upside.
https://www.tradingview.com/x/sf4yww3F/
#CAKEUSDT
Price reached 2.59 and formed a new low. Price rallied from S1 and went above the pivot point and it reached the supply zone. After reaching the supply zone, the price formed a high and then plunged back below the pivot point. Price might perform a pullback and might try to rally above the pivot point. If this case doesn't happen, then the price might continue to plunge and the continuation of the downtrend might be confirmed from the break of structure at 2.76
https://www.tradingview.com/x/APXXsE3b/
#POWRUSDT
Price dropped from 0.3235 and broke structure around 0.3056. Price has tested resistance and is expected to trade in this area before pushing back to the upside. If price breaks above pullback zone we can target the previous highs.
https://www.tradingview.com/x/tuiruJAZ/
#WUSDT Update
The price had a sharp decline towards our second entry point which just got activated. We are patiently holding the position as we still aticipate bullish movements from this area of support.
https://www.tradingview.com/x/AVTHOPNT/
#LTCUSDT Update
Price is rebounding and broke the 84.72 level. Price might have to breach the R1 line and continue upwards. Price will have to hit the R2 which will put pressure on the price which might form a lower high and plunge.
https://www.tradingview.com/x/YkZJjS7R/
#BNBUSDT
We are still holding this position with SL placed at BEP and it is now back above our first TP. We are still expecting price to gradually move bullish towards our other targets.
https://www.tradingview.com/x/ep4xPHmQ/
#GALUSDT
Price dropped rapidly around 4.67 area and tested our support area before pushing back to the upside. The asset has now retested resistance and is looking to fall to the downside. A pullback is expected around 4.145. If the price breaks below we can target support once again.
https://www.tradingview.com/x/6CuoZR8R/
#BNBUSDT
BNB fast wicked 619, Take Profit 1 hit. Already secured 1/3 take profits here. Let's move stop loss to the entry point to make the rest of the trade risk-free.
https://www.tradingview.com/x/0TTBQjBI/
#TIAUSDT
Update
Price fell down breaking below our support zone, thus hitting our stop loss. Price has now retested our previous support and could potentially continue to fall.
https://www.tradingview.com/x/glkIOfxi/
#GMTUSDT
Still trading around 10% above the entry... holding with patience for the target.
https://www.tradingview.com/x/c5t4DS1s/
#BNBUSDT
Risk : 0.5%
Entry: 597.2 (CMP)
TP : 611 / 629 / 643
SL : 565.72
BNB showing bullish momentum on LTF indicators, preparing to sweep the equal high at 643 zone. Price should hold 595 zone as long as BTC holds 65600. Our SL should be safe below this 1hr support. If BTC loses 65600, we might close or reduce the position.
https://www.tradingview.com/x/HE29LKv1/
#WUSDT
The price declined and it gradually changed characters twice and pushed up gradually, it is expected to restest the range before pushing higher to break the major and intermediate resistance.
Waitng for the retest region before opening long position and a stoploss when we have a close below the support zone
https://www.tradingview.com/x/0M7ssBGh/
#GMTUSDT
Currently trading 10% above the entry point and in the verge of attaining the break of structure with a gradual push up
https://www.tradingview.com/x/KepVUIw5/
#BTCUSDT
BTC swept some liquidity below 60k and rebounded hardly due to halving event (pre halving pump) , we're back in the 63.6k-65.6k range. Be careful with leverage today and tomorrow this pump could be a fake one !
https://www.tradingview.com/x/evJyguup/
#LTCUSDT
We can see on the daily chart that the price is in a downtrend and went below the pivot point and formed a new low. Price is rebounding and might breach the pivot point but it may not form a new high above it because of the strong selling pressure it is facing and might plunge further to the support line and form a new low. If the price went above the pivot point and doesn't plunge, this indicates that the price might consolidate further and might try to rally.
https://www.tradingview.com/x/VvU6KpVu/