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Today's Pro Trading Trick:
Master Divergences to Spot Reversals Before They Happen! 🔍
Divergences are like hidden signals that many traders miss, but they can give you a powerful edge in crypto trading. Here’s how you can catch them and profit from trend reversals!
What Is a Divergence?
A divergence happens when the price moves in one direction, but an indicator like RSI or MACD moves in the opposite direction. This mismatch can warn you that the trend is about to change!
1. Bullish Divergence 🟢 (For Buy Opportunities)
Price: Makes a lower low (downtrend).
Indicator (RSI/MACD):
Makes a higher low.
What it means:
The downtrend is losing strength, and the price could be about to move up. This is the time to prepare for a buy or go long.
Example:
Imagine Bitcoin’s price drops to a new low, but the RSI is showing strength with a higher low. This could be a signal that the market is ready to reverse upward!
2. Bearish Divergence 🔴 (For Sell Opportunities)
Price:
Makes a higher high (uptrend).
Indicator (RSI/MACD):
Makes a lower high.
What it means:
The uptrend is running out of steam. It’s time to consider shorting or selling before the price reverses.
Example:
Ethereum hits a new peak, but the RSI shows a weaker high. This signals that the price may soon fall—ideal for taking profits or entering a short trade!
Wait for Confirmation:
Don’t rush! Wait for the next candle or a price confirmation before entering the trade.
Combine with Volume:
Higher volume during a divergence strengthens its validity. Low volume means it might be a false signal, so stay cautious.
Why This Works:
Divergences reveal what the price alone doesn’t tell you—the hidden weakness in the trend. Spotting them early can help you enter a trade before the crowd catches on!
Master divergence analysis, and you’ll have a powerful tool to anticipate market moves like a pro!
$BTC $SOL
#CryptoTrading #DivergenceStrategy #MACD #TrendReversal #ProTradingTips
Master Divergences to Spot Reversals Before They Happen! 🔍
Divergences are like hidden signals that many traders miss, but they can give you a powerful edge in crypto trading. Here’s how you can catch them and profit from trend reversals!
What Is a Divergence?
A divergence happens when the price moves in one direction, but an indicator like RSI or MACD moves in the opposite direction. This mismatch can warn you that the trend is about to change!
1. Bullish Divergence 🟢 (For Buy Opportunities)
Price: Makes a lower low (downtrend).
Indicator (RSI/MACD):
Makes a higher low.
What it means:
The downtrend is losing strength, and the price could be about to move up. This is the time to prepare for a buy or go long.
Example:
Imagine Bitcoin’s price drops to a new low, but the RSI is showing strength with a higher low. This could be a signal that the market is ready to reverse upward!
2. Bearish Divergence 🔴 (For Sell Opportunities)
Price:
Makes a higher high (uptrend).
Indicator (RSI/MACD):
Makes a lower high.
What it means:
The uptrend is running out of steam. It’s time to consider shorting or selling before the price reverses.
Example:
Ethereum hits a new peak, but the RSI shows a weaker high. This signals that the price may soon fall—ideal for taking profits or entering a short trade!
Wait for Confirmation:
Don’t rush! Wait for the next candle or a price confirmation before entering the trade.
Combine with Volume:
Higher volume during a divergence strengthens its validity. Low volume means it might be a false signal, so stay cautious.
Why This Works:
Divergences reveal what the price alone doesn’t tell you—the hidden weakness in the trend. Spotting them early can help you enter a trade before the crowd catches on!
Master divergence analysis, and you’ll have a powerful tool to anticipate market moves like a pro!
$BTC $SOL
#CryptoTrading #DivergenceStrategy #MACD #TrendReversal #ProTradingTips
**How to Earn $1–$10 Daily on Binance Trading (Simplified)**
1. Spot Trading
- Trade popular coins like $BTC /USDT or $ETH / USDT.
- Target small price movements (1–2%).
- Use stop-loss to minimize risk.
2. Futures Trading
- Use low leverage (2x–5x).
- Trade short-term trends with technical analysis.
- Start small and avoid overtrading.
3. Scalping
- Make multiple trades targeting 0.1–0.5% profit per trade.
- Focus on high-volume pairs like $BNB /USDT.
- Use indicators like #RSI and #MACD for entries/exits.
4. Grid Trading (Automated)
- Set a price range for volatile assets.
- Automate buy/sell orders using Binance’s grid bot.
- Profit from frequent small trades.
5. Arbitrage Trading
- Buy low on one pair or exchange and sell higher elsewhere.
- Act quickly to capture small price differences.
---
Tips
- Start Small : $50–$100 can achieve $1–$10 daily with discipline.
- Use BNB : Pay trading fees in BNB for discounts.
- Stay Updated : Watch market trends and news for opportunities.
- Risk Management : Don’t risk more than 2–3% of your capital on a single trade.
Would you like help setting up a specific strategy?
#TipsForBeginners #tipsandtricks #trending
1. Spot Trading
- Trade popular coins like $BTC /USDT or $ETH / USDT.
- Target small price movements (1–2%).
- Use stop-loss to minimize risk.
2. Futures Trading
- Use low leverage (2x–5x).
- Trade short-term trends with technical analysis.
- Start small and avoid overtrading.
3. Scalping
- Make multiple trades targeting 0.1–0.5% profit per trade.
- Focus on high-volume pairs like $BNB /USDT.
- Use indicators like #RSI and #MACD for entries/exits.
4. Grid Trading (Automated)
- Set a price range for volatile assets.
- Automate buy/sell orders using Binance’s grid bot.
- Profit from frequent small trades.
5. Arbitrage Trading
- Buy low on one pair or exchange and sell higher elsewhere.
- Act quickly to capture small price differences.
---
Tips
- Start Small : $50–$100 can achieve $1–$10 daily with discipline.
- Use BNB : Pay trading fees in BNB for discounts.
- Stay Updated : Watch market trends and news for opportunities.
- Risk Management : Don’t risk more than 2–3% of your capital on a single trade.
Would you like help setting up a specific strategy?
#TipsForBeginners #tipsandtricks #trending
📊 AMB/USDT Market Update: Monitoring Price Decline 📉
$AMB
AMB is currently trading at $0.01302, down 4.12% in the last 24 hours. The price recorded a 24h high of $0.01431 and a low of $0.01234, with substantial trading volume indicating market activity.
💡 Key Trading Levels:
Long Entry: Above $0.01350, targets at $0.01400, $0.01420, and $0.01450.
Stop Loss: $0.01250
Short Entry: Below $0.01250, targets at $0.01230, $0.01210, and $0.01190.
Stop Loss: $0.01350
📊 Support & Resistance Zones:
Resistance Levels: $0.01350, $0.01420, $0.01450
Support Levels: $0.01250, $0.01230, $0.01210
📈 Technical Indicators:
Average Price: $0.01302
RSI: Neutral, indicating sideways momentum.
MACD: Bearish crossover, suggesting potential downward pressure.
📊 Market Sentiment:
Volume Analysis:
24h Volume (AMB): 1.28B
24h Volume (USDT): 17.15M
Price Action: Market shows volatility with signs of bearish sentiment.
📉 Depth Info:
Buy Orders: Support near $0.01250 and $0.01230
Sell Orders: Pressure around $0.01350 and $0.01420
⚖️ Trade Setup & Strategy:
Bullish Scenario: A breakout above $0.01350 could push towards $0.01420 and $0.01450.
Bearish Scenario: A fall below $0.01250 may lead to further declines to $0.01210 and $0.01190.
Disclaimer: This is not financial advice. Please do your own research before trading.
#MACDDivergence #MACD #BTCBreaking100KAgain? #ETHCrosses4K #CryptoHistoricMoment
$AMB
AMB is currently trading at $0.01302, down 4.12% in the last 24 hours. The price recorded a 24h high of $0.01431 and a low of $0.01234, with substantial trading volume indicating market activity.
💡 Key Trading Levels:
Long Entry: Above $0.01350, targets at $0.01400, $0.01420, and $0.01450.
Stop Loss: $0.01250
Short Entry: Below $0.01250, targets at $0.01230, $0.01210, and $0.01190.
Stop Loss: $0.01350
📊 Support & Resistance Zones:
Resistance Levels: $0.01350, $0.01420, $0.01450
Support Levels: $0.01250, $0.01230, $0.01210
📈 Technical Indicators:
Average Price: $0.01302
RSI: Neutral, indicating sideways momentum.
MACD: Bearish crossover, suggesting potential downward pressure.
📊 Market Sentiment:
Volume Analysis:
24h Volume (AMB): 1.28B
24h Volume (USDT): 17.15M
Price Action: Market shows volatility with signs of bearish sentiment.
📉 Depth Info:
Buy Orders: Support near $0.01250 and $0.01230
Sell Orders: Pressure around $0.01350 and $0.01420
⚖️ Trade Setup & Strategy:
Bullish Scenario: A breakout above $0.01350 could push towards $0.01420 and $0.01450.
Bearish Scenario: A fall below $0.01250 may lead to further declines to $0.01210 and $0.01190.
Disclaimer: This is not financial advice. Please do your own research before trading.
#MACDDivergence #MACD #BTCBreaking100KAgain? #ETHCrosses4K #CryptoHistoricMoment
Carnen:
Thanks
🙄🙄🙄 #EthereumPriceAnalysis Bearish Rection, Why $ETH Could Drop 5%
Ethereum is encountering challenges in surpassing the crucial $2,300 resistance, signaling potential downside risks with support around $2,080.
Key Points:
1. Ethereum struggles to breach resistance at $2,280 and $2,300, trading below $2,260 and the 100-hourly Simple Moving Average (SMA).
2. A bearish trend line is forming with resistance near $2,240 on the hourly chart (ETH/USD).
3. After reaching a high of $2,289, Ethereum faced #bearish pressure, slipping below $2,250 and the 23.6% Fib retracement level.
4. The 100-hourly SMA and resistance around $2,250 and the trend line pose obstacles for any potential upward movement.
5. A breakthrough above $2,300 is crucial for a bullish scenario, with the next significant resistance at $2,400 and potential for a rally towards $2,500 and $2,620.
Downside Risks:
1. Failure to clear the $2,250 resistance may trigger a fresh decline.
2. Initial support is near $2,120, followed by a crucial level at $2,080 or the 50% Fib retracement of the recent upward move.
3. A close below $2,080 could lead to substantial bearish movements, testing support at $2,020 and potentially $1,960.
Technical Indicators:
1. Hourly #MACD is gaining momentum in the bearish zone.
2. Hourly RSI is below the 50 level, suggesting increased selling pressure.
In summary, Ethereum faces resistance at $2,300, and a failure to overcome this hurdle may result in a downside correction towards the $2,080 support level. Conversely, a successful breakthrough could pave the way for further gains towards $2,400 and beyond.
Source - newsbtc.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
Ethereum is encountering challenges in surpassing the crucial $2,300 resistance, signaling potential downside risks with support around $2,080.
Key Points:
1. Ethereum struggles to breach resistance at $2,280 and $2,300, trading below $2,260 and the 100-hourly Simple Moving Average (SMA).
2. A bearish trend line is forming with resistance near $2,240 on the hourly chart (ETH/USD).
3. After reaching a high of $2,289, Ethereum faced #bearish pressure, slipping below $2,250 and the 23.6% Fib retracement level.
4. The 100-hourly SMA and resistance around $2,250 and the trend line pose obstacles for any potential upward movement.
5. A breakthrough above $2,300 is crucial for a bullish scenario, with the next significant resistance at $2,400 and potential for a rally towards $2,500 and $2,620.
Downside Risks:
1. Failure to clear the $2,250 resistance may trigger a fresh decline.
2. Initial support is near $2,120, followed by a crucial level at $2,080 or the 50% Fib retracement of the recent upward move.
3. A close below $2,080 could lead to substantial bearish movements, testing support at $2,020 and potentially $1,960.
Technical Indicators:
1. Hourly #MACD is gaining momentum in the bearish zone.
2. Hourly RSI is below the 50 level, suggesting increased selling pressure.
In summary, Ethereum faces resistance at $2,300, and a failure to overcome this hurdle may result in a downside correction towards the $2,080 support level. Conversely, a successful breakthrough could pave the way for further gains towards $2,400 and beyond.
Source - newsbtc.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
#HotTrends
🌖 $LUNC Price: Will Price Analysis Ever Reach $1 As 30% Bullish Comeback Excites Traders?
Terra Classic's #LUNC. has seen a recent uptick in price, with a 30% increase over the past year. Despite a slight dip to $0.0001822, market volatility persists, with a trading volume of $106.96 million. The recent 8% decrease over a week indicates fluctuating investor sentiment, though a 61% increase in the last month suggests short-term growth potential.
Key resistance and support levels lie around $0.0001850 and $0.00018 respectively. The total value locked (#tvl ) has risen since February 2024, boosting investor confidence. Technical indicators suggest dynamic market movement, with Bollinger Bands showing volatility, #MACD indicating a bullish trend, and RSI reflecting balanced sentiment.#BTC
🌖 $LUNC Price: Will Price Analysis Ever Reach $1 As 30% Bullish Comeback Excites Traders?
Terra Classic's #LUNC. has seen a recent uptick in price, with a 30% increase over the past year. Despite a slight dip to $0.0001822, market volatility persists, with a trading volume of $106.96 million. The recent 8% decrease over a week indicates fluctuating investor sentiment, though a 61% increase in the last month suggests short-term growth potential.
Key resistance and support levels lie around $0.0001850 and $0.00018 respectively. The total value locked (#tvl ) has risen since February 2024, boosting investor confidence. Technical indicators suggest dynamic market movement, with Bollinger Bands showing volatility, #MACD indicating a bullish trend, and RSI reflecting balanced sentiment.#BTC
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🔥🔥🔥 #Ethereum Price Plunge To $2K Imminent as Key Support Line Crumbles
Ethereum encountered persistent downward pressure, testing the $2,150 support and struggling to regain traction. The #cryptocurrency may face further declines towards the $2,000 support area.
Initiating a fresh decline, Ethereum dipped below crucial levels such as $2,350 and $2,250. The price currently trades below $2,250 and the 100-hourly Simple Moving Average, presenting a challenging scenario for recovery. A notable bearish trend line with resistance near $2,240 has formed on the hourly chart of ETH/USD, sourced from Kraken.
Despite a minor upward move above $2,220, the price tested the 23.6% Fib retracement level of the recent downtrend from the $2,480 swing high to the $2,165 low. Ethereum remains below $2,250 and is encountering resistance near the $2,240 level, in addition to the mentioned bearish trend line.
A potential recovery hinges on clearing resistance at $2,240 and $2,280. Subsequently, overcoming the $2,360 hurdle or the 61.8% Fib retracement level may pave the way for a more substantial recovery towards $2,415. Further gains could propel the price towards the $2,550 zone.
However, failure to surpass the $2,440 resistance may trigger renewed downside momentum. Initial support emerges near $2,200, followed by a key level at $2,165. A breach of the $2,165 support could extend losses, with Ether potentially testing the $2,120 support. Further downside momentum might lead to a challenge of the $2,000 level.
Analyzing technical indicators, the hourly #MACD for ETH/USD indicates increasing bearish momentum, while the hourly RSI is now positioned below the 50 level.
Key Levels:
- Major Support: $2,165
- Major Resistance: $2,480
Source - newsbtc.com
#CryptoNews #BinanceSquare
Ethereum encountered persistent downward pressure, testing the $2,150 support and struggling to regain traction. The #cryptocurrency may face further declines towards the $2,000 support area.
Initiating a fresh decline, Ethereum dipped below crucial levels such as $2,350 and $2,250. The price currently trades below $2,250 and the 100-hourly Simple Moving Average, presenting a challenging scenario for recovery. A notable bearish trend line with resistance near $2,240 has formed on the hourly chart of ETH/USD, sourced from Kraken.
Despite a minor upward move above $2,220, the price tested the 23.6% Fib retracement level of the recent downtrend from the $2,480 swing high to the $2,165 low. Ethereum remains below $2,250 and is encountering resistance near the $2,240 level, in addition to the mentioned bearish trend line.
A potential recovery hinges on clearing resistance at $2,240 and $2,280. Subsequently, overcoming the $2,360 hurdle or the 61.8% Fib retracement level may pave the way for a more substantial recovery towards $2,415. Further gains could propel the price towards the $2,550 zone.
However, failure to surpass the $2,440 resistance may trigger renewed downside momentum. Initial support emerges near $2,200, followed by a key level at $2,165. A breach of the $2,165 support could extend losses, with Ether potentially testing the $2,120 support. Further downside momentum might lead to a challenge of the $2,000 level.
Analyzing technical indicators, the hourly #MACD for ETH/USD indicates increasing bearish momentum, while the hourly RSI is now positioned below the 50 level.
Key Levels:
- Major Support: $2,165
- Major Resistance: $2,480
Source - newsbtc.com
#CryptoNews #BinanceSquare
🔥🔥🔥 #cardano Price Prediction: Despite room for 31% gains, $ADA might find it difficult to rally again
Cardano (ADA) recently experienced a correction in the latter half of December but remains within its long-term uptrend. Despite signs of potential bearish developments in the price indicators, this comes as the first bearish signal in four months.
Cardano's price, currently at $0.52, has shown resilience in maintaining its long-term uptrend, supported by the 200-day Exponential Moving Average (EMA) and the sustained uptrend line since mid-October. While a sharp fall occurred in December, ADA has the potential to recover, especially as it eyes reclaiming the target price of $0.68, standing 31% above the current trading price.
However, caution is warranted as indicators, particularly the Moving Average Convergence Divergence (#MACD ), signal the first bearish crossover in almost four months. The potential influence of funds flowing into Bitcoin following spot BTC ETF approval could further impact ADA negatively.
A breach below $0.50 might lead to a 20% decline toward $0.40, with $0.46 serving as a likely support level, coinciding with the 200-day EMA. Prolonged bearish sentiment could push ADA even lower to $0.41, aligning with the 50-day EMA.
Recovery for Cardano would require bouncing off the $0.46 support, reclaiming resistance at $0.55, and aiming for the $0.68 target. Flipping the $0.60 level into support would invalidate the bearish outlook.
Source - fxstreet.com
#CryptoNews🔒📰🚫 #BinanceSquare
Cardano (ADA) recently experienced a correction in the latter half of December but remains within its long-term uptrend. Despite signs of potential bearish developments in the price indicators, this comes as the first bearish signal in four months.
Cardano's price, currently at $0.52, has shown resilience in maintaining its long-term uptrend, supported by the 200-day Exponential Moving Average (EMA) and the sustained uptrend line since mid-October. While a sharp fall occurred in December, ADA has the potential to recover, especially as it eyes reclaiming the target price of $0.68, standing 31% above the current trading price.
However, caution is warranted as indicators, particularly the Moving Average Convergence Divergence (#MACD ), signal the first bearish crossover in almost four months. The potential influence of funds flowing into Bitcoin following spot BTC ETF approval could further impact ADA negatively.
A breach below $0.50 might lead to a 20% decline toward $0.40, with $0.46 serving as a likely support level, coinciding with the 200-day EMA. Prolonged bearish sentiment could push ADA even lower to $0.41, aligning with the 50-day EMA.
Recovery for Cardano would require bouncing off the $0.46 support, reclaiming resistance at $0.55, and aiming for the $0.68 target. Flipping the $0.60 level into support would invalidate the bearish outlook.
Source - fxstreet.com
#CryptoNews🔒📰🚫 #BinanceSquare
🚀🚀🚀 Bitcoin Whales Unload 50,000 $BTC , Market Braces for Potential Surge 🚀🚀🚀
Bitcoin, currently trading at $43,579.89, maintains its leading position with a market cap of $853,174,469,414. Surpassing 50 million non-zero-balance addresses, Bitcoin signals growing user adoption, with an average holding per user around $16,000, hinting at potential future price implications. Market indicators show a neutral Relative Strength Index (RSI) at 57.28, while the Moving Average Convergence Divergence (#MACD ) reflects bullish momentum, with positive shifts suggesting upward movement.
Matrixport's research suggests Bitcoin could exceed $50,000 by January 2024, contingent on the U.S. #SEC approving spot Bitcoin #ETFs , a scenario the firm assigns a 95% probability. Historical data, particularly the significant price increase post the CME Group's Bitcoin Futures launch in 2017, supports this projection. Additionally, Matrixport anticipates a potential Christmas breakout, historically a period of modest gains for Bitcoin.
Source - coinedition.com
#BitcoinAnalysis #BinanceSquareBTC
Bitcoin, currently trading at $43,579.89, maintains its leading position with a market cap of $853,174,469,414. Surpassing 50 million non-zero-balance addresses, Bitcoin signals growing user adoption, with an average holding per user around $16,000, hinting at potential future price implications. Market indicators show a neutral Relative Strength Index (RSI) at 57.28, while the Moving Average Convergence Divergence (#MACD ) reflects bullish momentum, with positive shifts suggesting upward movement.
Matrixport's research suggests Bitcoin could exceed $50,000 by January 2024, contingent on the U.S. #SEC approving spot Bitcoin #ETFs , a scenario the firm assigns a 95% probability. Historical data, particularly the significant price increase post the CME Group's Bitcoin Futures launch in 2017, supports this projection. Additionally, Matrixport anticipates a potential Christmas breakout, historically a period of modest gains for Bitcoin.
Source - coinedition.com
#BitcoinAnalysis #BinanceSquareBTC
🚀🚀🚀#binancecoin price hovers around $300, unbothered by the potential spot #BitcoinETF💰💰💰 approval
Binance Coin (BNB) experienced a nearly 7% decline in the past four days, settling around the $300 mark, despite the ongoing anticipation of SEC's approval for spot Bitcoin ETFs within the next 48 hours, a crucial event expected to impact the entire market.
The unexpected dip in Binance Coin's price, down over 1% in the last 24 hours & a cumulative 6% in the past four days, brought the altcoin close to a significant support line at $297. This level has served as both support & resistance for BNB since late December following a rapid 23% rally in 48 hours.
SEC approval for spot $BTC ETFs could be a bullish catalyst, countering bearish signals. Despite mild #RSI & #MACD indications, BNB's recovery potential remains, backed by positive market cues.
However, the scenario might shift if capital flows out of the altcoin market & into Bitcoin. In such a case, BNB & other altcoins could experience a short-term correction, possibly pushing BNB below the $297 support line to test $280.
Cryptocurrency Metrics FAQs:
1. Circulating Supply:
The total number of tokens that can be issued is determined by the cryptocurrency's creator. This supply may change through mechanisms like mining or burning tokens. Circulating supply is the number of tokens actively available in the market.
2. Market Capitalization:
Market cap is calculated by multiplying the circulating supply of a cryptocurrency by its current market value. It provides an overall valuation of the cryptocurrency market.
3. Trading Volume:
Trading volume measures the total number of tokens exchanged between buyers & sellers within a specified period, such as 24 hours. It helps gauge market sentiment & demand for a particular asset.
4. Funding Rate:
The funding rate aligns perpetual contract prices with spot markets, with positive rates favoring long positions & negative rates favoring short positions. This mechanism ensures convergence between future & index prices.
Source - fxstreet.com
#BNB🔥 $BNB
Binance Coin (BNB) experienced a nearly 7% decline in the past four days, settling around the $300 mark, despite the ongoing anticipation of SEC's approval for spot Bitcoin ETFs within the next 48 hours, a crucial event expected to impact the entire market.
The unexpected dip in Binance Coin's price, down over 1% in the last 24 hours & a cumulative 6% in the past four days, brought the altcoin close to a significant support line at $297. This level has served as both support & resistance for BNB since late December following a rapid 23% rally in 48 hours.
SEC approval for spot $BTC ETFs could be a bullish catalyst, countering bearish signals. Despite mild #RSI & #MACD indications, BNB's recovery potential remains, backed by positive market cues.
However, the scenario might shift if capital flows out of the altcoin market & into Bitcoin. In such a case, BNB & other altcoins could experience a short-term correction, possibly pushing BNB below the $297 support line to test $280.
Cryptocurrency Metrics FAQs:
1. Circulating Supply:
The total number of tokens that can be issued is determined by the cryptocurrency's creator. This supply may change through mechanisms like mining or burning tokens. Circulating supply is the number of tokens actively available in the market.
2. Market Capitalization:
Market cap is calculated by multiplying the circulating supply of a cryptocurrency by its current market value. It provides an overall valuation of the cryptocurrency market.
3. Trading Volume:
Trading volume measures the total number of tokens exchanged between buyers & sellers within a specified period, such as 24 hours. It helps gauge market sentiment & demand for a particular asset.
4. Funding Rate:
The funding rate aligns perpetual contract prices with spot markets, with positive rates favoring long positions & negative rates favoring short positions. This mechanism ensures convergence between future & index prices.
Source - fxstreet.com
#BNB🔥 $BNB
🚀🚀🚀 #Ethereum Price Recovers Ground But Upsides Might Be Limited Above $2,300
Ethereum experienced a notable drop, briefly falling below $2,000 on Kraken, following Bitcoin's trend. Currently in recovery, ETH is trading above $2,200, but caution is advised near the $2,300 resistance level. The recent downturn saw Ethereum breaking key support at $2,200 and briefly touching a new yearly low around $1,860 before initiating a recovery. Despite surpassing resistance at $2,000 and $2,080, Ethereum is still below the 100-hourly Simple Moving Average.
Facing hurdles, including a #bearish trend line and resistance at $2,300, Ethereum needs a clear breakthrough to avoid a renewed downturn. Successful breach of $2,300 could propel the price toward $2,400, with further resistance at $2,440 and potential rallies to $2,500 and $2,620. Conversely, failure to surpass $2,300 may trigger a fresh decline, with initial support at $2,200 and a crucial level at $2,080. A decisive break below $2,080 might lead to sustained losses, testing the $2,000 support and potentially reaching the recent low at $1,860.
Technical indicators suggest a recovery, with the hourly #MACD gaining bullish momentum and the hourly RSI above 50. Traders should monitor developments around the $2,300 resistance level, as it will likely influence Ethereum's short-term trajectory.
Source - newsbtc.com
#CryptoNews🔒📰🚫 #BinanceSquare $ETH
Ethereum experienced a notable drop, briefly falling below $2,000 on Kraken, following Bitcoin's trend. Currently in recovery, ETH is trading above $2,200, but caution is advised near the $2,300 resistance level. The recent downturn saw Ethereum breaking key support at $2,200 and briefly touching a new yearly low around $1,860 before initiating a recovery. Despite surpassing resistance at $2,000 and $2,080, Ethereum is still below the 100-hourly Simple Moving Average.
Facing hurdles, including a #bearish trend line and resistance at $2,300, Ethereum needs a clear breakthrough to avoid a renewed downturn. Successful breach of $2,300 could propel the price toward $2,400, with further resistance at $2,440 and potential rallies to $2,500 and $2,620. Conversely, failure to surpass $2,300 may trigger a fresh decline, with initial support at $2,200 and a crucial level at $2,080. A decisive break below $2,080 might lead to sustained losses, testing the $2,000 support and potentially reaching the recent low at $1,860.
Technical indicators suggest a recovery, with the hourly #MACD gaining bullish momentum and the hourly RSI above 50. Traders should monitor developments around the $2,300 resistance level, as it will likely influence Ethereum's short-term trajectory.
Source - newsbtc.com
#CryptoNews🔒📰🚫 #BinanceSquare $ETH
🔥🔥🔥 Will $BNB Continue To Drop Or Bounce Back To Create A New All-Time High?
On Friday, BNB, the native token of Binance Smart Chain, experienced a notable downturn, marked by a significant red candlestick from $305 to $297.93. This decline began with a rejection at $312.53, establishing resistance. Current analysis suggests a potential further drop towards previous support at $300, and if that fails, a descent to $263.93 is likely.
Conversely, if support holds, a rebound could target a new yearly high. Despite the downturn, the price remains above the 100-day moving average, indicating a #bullish trend.
Technical indicators provide insights:
- 4-Hour MACD: Shows a downward trend with the histogram below zero, and the MACD line crossing below the signal line, reinforcing bearish momentum.
- 1-Day MACD: Confirms daily chart observations, indicating a continuation of the downward movement with the #MACD line and signal line approaching the zero line.
- 4-Hour Alligator: Indicates a bearish trend as the jaw, teeth, and lips are oriented downward, signaling ongoing downward momentum.
- 1-Day Alligator: Daily chart reveals potential downward movement as the alligator lip and teeth display signs of crossover with the jaw.
In conclusion, while MACD and Alligator are popular indicators, they are not foolproof. Traders often combine them with other tools for more informed decisions, acknowledging the potential for false signals, especially in volatile markets. Considering the broader market context is crucial.
Source - newsbtc.com
#CryptoNews #BinanceSquare #BNB🔥
On Friday, BNB, the native token of Binance Smart Chain, experienced a notable downturn, marked by a significant red candlestick from $305 to $297.93. This decline began with a rejection at $312.53, establishing resistance. Current analysis suggests a potential further drop towards previous support at $300, and if that fails, a descent to $263.93 is likely.
Conversely, if support holds, a rebound could target a new yearly high. Despite the downturn, the price remains above the 100-day moving average, indicating a #bullish trend.
Technical indicators provide insights:
- 4-Hour MACD: Shows a downward trend with the histogram below zero, and the MACD line crossing below the signal line, reinforcing bearish momentum.
- 1-Day MACD: Confirms daily chart observations, indicating a continuation of the downward movement with the #MACD line and signal line approaching the zero line.
- 4-Hour Alligator: Indicates a bearish trend as the jaw, teeth, and lips are oriented downward, signaling ongoing downward momentum.
- 1-Day Alligator: Daily chart reveals potential downward movement as the alligator lip and teeth display signs of crossover with the jaw.
In conclusion, while MACD and Alligator are popular indicators, they are not foolproof. Traders often combine them with other tools for more informed decisions, acknowledging the potential for false signals, especially in volatile markets. Considering the broader market context is crucial.
Source - newsbtc.com
#CryptoNews #BinanceSquare #BNB🔥
#Bulls are accumulating this digital currency.
_#LONDON-Ethereum (ETH), the second-largest cryptocurrency by market cap, has seen a decline of more than 3% over the past week and more than 1% in the past 24 hours, with its price hovering around $2,170.21. Despite this downturn, which pushed the market cap to over $260 billion, major investors, often referred to as “whales,” demonstrated their long-term confidence in Ethereum by adding over $230 million worth of ETH to their holdings. The digital currency's recent performance has been marred by several negative market indicators. There has been a noticeable decline in weighted sentiment – a measure of investor sentiment towards a particular asset – which often precedes price movements. Additionally, a bearish crossover was observed in the Moving Average Convergence Divergence #MACD , which is a trend-following momentum indicator that shows the relationship between two moving averages of an asset's price.
The Market Value to Realized Value #MVRV ratio, which compares a cryptocurrency's market value to its realized value, is also declining, indicating that the value being traded is lower than what the market currently values. Despite these bearish signs and seemingly low buying interest from investors in the US and South Korea, historical patterns suggest there may be room for optimism. Similar trends have occurred since 2017 where Ethereum price saw a rise after hitting key support levels. This historical resilience may indicate that the current price decline may be temporary and followed by a recovery.
$ETH
#FollowUsNow To see more breaking news 🚀🔥
_#LONDON-Ethereum (ETH), the second-largest cryptocurrency by market cap, has seen a decline of more than 3% over the past week and more than 1% in the past 24 hours, with its price hovering around $2,170.21. Despite this downturn, which pushed the market cap to over $260 billion, major investors, often referred to as “whales,” demonstrated their long-term confidence in Ethereum by adding over $230 million worth of ETH to their holdings. The digital currency's recent performance has been marred by several negative market indicators. There has been a noticeable decline in weighted sentiment – a measure of investor sentiment towards a particular asset – which often precedes price movements. Additionally, a bearish crossover was observed in the Moving Average Convergence Divergence #MACD , which is a trend-following momentum indicator that shows the relationship between two moving averages of an asset's price.
The Market Value to Realized Value #MVRV ratio, which compares a cryptocurrency's market value to its realized value, is also declining, indicating that the value being traded is lower than what the market currently values. Despite these bearish signs and seemingly low buying interest from investors in the US and South Korea, historical patterns suggest there may be room for optimism. Similar trends have occurred since 2017 where Ethereum price saw a rise after hitting key support levels. This historical resilience may indicate that the current price decline may be temporary and followed by a recovery.
$ETH
#FollowUsNow To see more breaking news 🚀🔥
Are Dips Supported in #SOL?
If SOL fails to rally above the $160 resistance, it could start a downside correction. Initial support on the downside is near the $158 level. The first major support is near the $152 level.
The 50% Fib retracement level of the upward move from the $141 swing low to the $164 high is also at $152, below which the price could test $150. If there is a close below the $150 support, the price could decline toward the $138 support in the near term.
Technical Indicators
Hourly MACD – The #MACD for SOL/USD is gaining pace in the bullish zone.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.
Major Support Levels – $158, and $152.
Major Resistance Levels – $165, $172, and $180.
#Write2Earns
i believe you can do it 😎 like and follow to support me👍
If SOL fails to rally above the $160 resistance, it could start a downside correction. Initial support on the downside is near the $158 level. The first major support is near the $152 level.
The 50% Fib retracement level of the upward move from the $141 swing low to the $164 high is also at $152, below which the price could test $150. If there is a close below the $150 support, the price could decline toward the $138 support in the near term.
Technical Indicators
Hourly MACD – The #MACD for SOL/USD is gaining pace in the bullish zone.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.
Major Support Levels – $158, and $152.
Major Resistance Levels – $165, $172, and $180.
#Write2Earns
i believe you can do it 😎 like and follow to support me👍
Daily Digest Market Update: Ripple Partners with FCA-Regulated Entity
Ripple has made headlines with its recent collaboration with Archax, a regulated exchange, announced during the $XRP Ledger APEX 2024 summit. This partnership aims to introduce Real World Asset (RWA) projects to the XRP Ledger, with the goal of tokenizing millions of dollars in real-world assets, thereby enhancing Ripple's utility.
Ripple's Strategic Moves Amid SEC Lawsuit
With no new updates in the ongoing SEC lawsuit, Ripple's announcements at APEX 2024 have become the main drivers for XRP's market movements. XRP holders eagerly await a ruling in the case, with the latest development being Ripple’s letter supporting its motion to seal documents containing sensitive financial information. The most recent filing occurred on May 29, 2024.
Technical Analysis: XRP Faces Potential Downtrend
Ripple's price has been on a downward trajectory since March 12, dropping from a peak of $0.7440 on March 11 to a low of $0.4188 on April 13. Currently, technical indicators suggest that XRP could experience further losses, potentially declining another 3% to reach the April 19 low of $0.4665.
The Moving Average Convergence Divergence (MACD) indicator shows red histogram bars below the neutral line, indicating negative momentum. Additionally, the signal line crossed above the MACD on Thursday, June 6, confirming the bearish trend.
Key Resistance Levels and Potential Rally
If XRP manages to close above $0.4955—the 23.6% Fibonacci retracement level of its decline from March 11 to April 13—it could invalidate the bearish outlook. In this scenario, XRP might rally towards the Fair Value Gap (FVG) between $0.5008 and $0.5164. However, once this gap is filled, the altcoin is expected to resume its decline.
Market Sentiment and Investor Caution
Investors are advised to exercise caution, given the inherent risks and uncertainties in the market. Ripple's partnership with Archax and the potential for $XRP
price fluctuations underscore the importance of thorough research and careful consideration before making investment decisions.
For detailed analysis and further updates, stay tuned to our Daily Digest Market updates.
#MACD #SupportLevel #ResistanceLevel #MarketUpdate #CryptoNews
Ripple's Strategic Moves Amid SEC Lawsuit
With no new updates in the ongoing SEC lawsuit, Ripple's announcements at APEX 2024 have become the main drivers for XRP's market movements. XRP holders eagerly await a ruling in the case, with the latest development being Ripple’s letter supporting its motion to seal documents containing sensitive financial information. The most recent filing occurred on May 29, 2024.
Technical Analysis: XRP Faces Potential Downtrend
Ripple's price has been on a downward trajectory since March 12, dropping from a peak of $0.7440 on March 11 to a low of $0.4188 on April 13. Currently, technical indicators suggest that XRP could experience further losses, potentially declining another 3% to reach the April 19 low of $0.4665.
The Moving Average Convergence Divergence (MACD) indicator shows red histogram bars below the neutral line, indicating negative momentum. Additionally, the signal line crossed above the MACD on Thursday, June 6, confirming the bearish trend.
Key Resistance Levels and Potential Rally
If XRP manages to close above $0.4955—the 23.6% Fibonacci retracement level of its decline from March 11 to April 13—it could invalidate the bearish outlook. In this scenario, XRP might rally towards the Fair Value Gap (FVG) between $0.5008 and $0.5164. However, once this gap is filled, the altcoin is expected to resume its decline.
Market Sentiment and Investor Caution
Investors are advised to exercise caution, given the inherent risks and uncertainties in the market. Ripple's partnership with Archax and the potential for $XRP
price fluctuations underscore the importance of thorough research and careful consideration before making investment decisions.
For detailed analysis and further updates, stay tuned to our Daily Digest Market updates.
#MACD #SupportLevel #ResistanceLevel #MarketUpdate #CryptoNews
🔻 Bitcoin Falls Back Below $57,000 – What’s Happening? 🔻
After briefly reaching $58K, $BTC has dropped to $56,800. Several key technical indicators suggest weakness in the near term:
🔻RSI at 41: A bearish signal.
🔻Fear & Greed Index at 29: Approaching "Extreme Fear."
🔻SMA & EMA: Positioned above the current price, reinforcing downward pressure.
🔻MACD & AO: Both indicate weak momentum.
🔻ATR: shows increased volatility.
The broader stock market downturn is adding pressure on Bitcoin. However, the crypto market remains dynamic, and quick recoveries are possible, as we saw recently.
Will #Bitcoin attempt another rebound, or are we in for more turbulence? 🌐
#RSI #FearAndGreedIndex #MACD #ATR
After briefly reaching $58K, $BTC has dropped to $56,800. Several key technical indicators suggest weakness in the near term:
🔻RSI at 41: A bearish signal.
🔻Fear & Greed Index at 29: Approaching "Extreme Fear."
🔻SMA & EMA: Positioned above the current price, reinforcing downward pressure.
🔻MACD & AO: Both indicate weak momentum.
🔻ATR: shows increased volatility.
The broader stock market downturn is adding pressure on Bitcoin. However, the crypto market remains dynamic, and quick recoveries are possible, as we saw recently.
Will #Bitcoin attempt another rebound, or are we in for more turbulence? 🌐
#RSI #FearAndGreedIndex #MACD #ATR
Earn 700% using this method.
The "MACD" Masterclass Every Trader Needs To Know.
🚀Master the Market Before You Enter🚀
Imagine "MACD" as a momentum tracker. It's like a speedometer for a stock's price, telling you how fast it's moving and in what direction.
Here's how it works:
1. It starts with two moving averages:
▪︎Think of these as smooth lines that show the average price of a stock over different time periods.
▪︎MACD compares a shorter-term average (usually 12 periods) to a longer-term average (usually 26 periods).
▪︎This is like seeing if a car is speeding up or slowing down by comparing its current speed to its average speed over a longer stretch of road.
2. It calculates the difference:
▪︎MACD subtracts the longer-term average from the shorter-term average.
▪︎This creates a single line that oscillates above and below zero.
▪︎The higher the line, the stronger the upward momentum. The lower the line, the stronger the downward momentum.
3. It adds a signal line for clarity:
▪︎This is a 9-period moving average of the MACD line itself.
▪︎It helps to filter out noise and make the signals clearer.
Here's how to read MACD:
▪︎Crossovers: When the MACD line crosses above the signal line, it's often seen as a bullish signal, suggesting that upward momentum is increasing. Conversely, when the MACD line crosses below the signal line, it's often seen as a bearish signal.
▪︎Divergences: These occur when the MACD line moves in the opposite direction of the price. It can sometimes signal a potential trend reversal.
▪︎Zero-line crossovers: When the MACD line crosses above zero, it's a bullish signal. When it crosses below zero, it's a bearish signal.
Here's a simple visual of MACD:
Remember: MACD is just one tool in a trader's toolbox. It's best used in combination with other indicators and analysis techniques to make informed trading decisions.
#MACD #CryptoEducation #TradingAdvice #TradingMastery #CryptoScoop
The "MACD" Masterclass Every Trader Needs To Know.
🚀Master the Market Before You Enter🚀
Imagine "MACD" as a momentum tracker. It's like a speedometer for a stock's price, telling you how fast it's moving and in what direction.
Here's how it works:
1. It starts with two moving averages:
▪︎Think of these as smooth lines that show the average price of a stock over different time periods.
▪︎MACD compares a shorter-term average (usually 12 periods) to a longer-term average (usually 26 periods).
▪︎This is like seeing if a car is speeding up or slowing down by comparing its current speed to its average speed over a longer stretch of road.
2. It calculates the difference:
▪︎MACD subtracts the longer-term average from the shorter-term average.
▪︎This creates a single line that oscillates above and below zero.
▪︎The higher the line, the stronger the upward momentum. The lower the line, the stronger the downward momentum.
3. It adds a signal line for clarity:
▪︎This is a 9-period moving average of the MACD line itself.
▪︎It helps to filter out noise and make the signals clearer.
Here's how to read MACD:
▪︎Crossovers: When the MACD line crosses above the signal line, it's often seen as a bullish signal, suggesting that upward momentum is increasing. Conversely, when the MACD line crosses below the signal line, it's often seen as a bearish signal.
▪︎Divergences: These occur when the MACD line moves in the opposite direction of the price. It can sometimes signal a potential trend reversal.
▪︎Zero-line crossovers: When the MACD line crosses above zero, it's a bullish signal. When it crosses below zero, it's a bearish signal.
Here's a simple visual of MACD:
Remember: MACD is just one tool in a trader's toolbox. It's best used in combination with other indicators and analysis techniques to make informed trading decisions.
#MACD #CryptoEducation #TradingAdvice #TradingMastery #CryptoScoop