$LTC $NEAR $AAVE
1. LTC - $52.35
- *Trend:* Short-term bearish, sitting exactly at the 200-day average of $52.15 - this is the lifeline.
- *Fundamentals:* No new news. Boring, but relatively safe. No new ETF, no narrative. Just an old coin following BTC.
- *Support:* $50.00 then $47.92 - a break below $50 = a quick drop to $47.5
- *Resistance:* $55.24 then $58.38 - reclaiming $55.2 = a reversal
2. NEAR - $3.71
- *Trend:* Strongly bearish, down 39% from October's $6.00 high, below the 50-day average of $4.67.
- *Fundamentals:* Very strong news has been ignored: *governance approved a reduction in issuance from 2.5% to 1.6%* - meaning 11.8 million fewer coins in circulation over two years. + A TD Sequential buy signal from Ali Charts. But the whole market is selling, and it hasn't reacted.
- *Support:* $3.55 then $3.40 - a break below $3.40 = $3.20
- *Resistance:* $3.83 then $4.05 - a close above $4.05 = targets of $4.30 then $4.80
3. AAVE - $131.80
- *Trend:* Sideways to bearish, but *well above the 200-day average of $108.89* - the long-term trend is still intact.
- *Fundamentals:* The strongest of the three. The No. 1 lending protocol in DeFi, with real revenue. After the Binance hack on October 30, Aave froze 292 reserves to protect the protocol and proved it was secure. Futures are 57% long.
- *Support:* $129.2 then $123.7 - a break below $123.7 = $117.4
- *Resistance:* $133.7 then $140.9 - a close above $133.7 = targets of $141 then $150.
#WillAnthropicListOnTime #JobsReportRaisesHikeOdds
#TradFiForBeginners #CPITestsDecemberRateOutlook #WillUS-IranTensionsBoostSafe-HavenDemand?
1. LTC - $52.35
- *Trend:* Short-term bearish, sitting exactly at the 200-day average of $52.15 - this is the lifeline.
- *Fundamentals:* No new news. Boring, but relatively safe. No new ETF, no narrative. Just an old coin following BTC.
- *Support:* $50.00 then $47.92 - a break below $50 = a quick drop to $47.5
- *Resistance:* $55.24 then $58.38 - reclaiming $55.2 = a reversal
2. NEAR - $3.71
- *Trend:* Strongly bearish, down 39% from October's $6.00 high, below the 50-day average of $4.67.
- *Fundamentals:* Very strong news has been ignored: *governance approved a reduction in issuance from 2.5% to 1.6%* - meaning 11.8 million fewer coins in circulation over two years. + A TD Sequential buy signal from Ali Charts. But the whole market is selling, and it hasn't reacted.
- *Support:* $3.55 then $3.40 - a break below $3.40 = $3.20
- *Resistance:* $3.83 then $4.05 - a close above $4.05 = targets of $4.30 then $4.80
3. AAVE - $131.80
- *Trend:* Sideways to bearish, but *well above the 200-day average of $108.89* - the long-term trend is still intact.
- *Fundamentals:* The strongest of the three. The No. 1 lending protocol in DeFi, with real revenue. After the Binance hack on October 30, Aave froze 292 reserves to protect the protocol and proved it was secure. Futures are 57% long.
- *Support:* $129.2 then $123.7 - a break below $123.7 = $117.4
- *Resistance:* $133.7 then $140.9 - a close above $133.7 = targets of $141 then $150.
#WillAnthropicListOnTime #JobsReportRaisesHikeOdds
#TradFiForBeginners #CPITestsDecemberRateOutlook #WillUS-IranTensionsBoostSafe-HavenDemand?