Copy Trading on Binance: Passive Income with CRYPTOUSDUA
Copy Trading on Binance: Introduction to Passive Income with CRYPTOUSDUA
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The analysis of the cash flow for the XRP/USDT pair allows for the following conclusions:
1. Overall balance of supply and demand:
Purchases exceed sales: 1,213.08 million versus 1,159.51 million XRP.
The difference is about 53.57 million XRP in favor of purchases, which may indicate slight buying pressure.
2. Large orders:
Large purchases amount to 656.36 million XRP, while sales are 638.58 million XRP.
The difference in the large segment is also in favor of purchases (17.78 million XRP).
3. Average orders:
Purchases amount to 426.09 million XRP, sales are 406.42 million XRP.
There is also a surplus on the buyers' side here (19.67 million XRP).
4. Small orders:
Purchases: 130.63 million XRP, sales: 114.51 million XRP.
Buying activity exceeds sales by 16.12 million XRP.
5. Conclusion:
The overall structure of orders and the excess of purchases indicates a moderately bullish sentiment in the XRP/USDT market.
It is worth considering the level of incoming funds (53.57 million XRP), which may reflect the interest of new players or an increase in activity.
Recommendation: monitor changes in the volume of large orders and additional cash flows, as they may provide a more accurate representation of the trend direction.
Overall structure of the chart On the BTC dominance chart, a symmetrical triangle pattern is formed, indicating a consolidation period. A breakout from one side of the triangle is expected soon, which will set the further direction of dominance.
As of January 15, 2025, the following dynamics are visible:
š Total volume of transactions:
Buy: 17.67M
Sell: 17.03M
Result: Excess of purchases over sales by 636,711.40 USDT, indicating increased interest from buyers.
š Breakdown by order sizes:
Large orders:
Buy: 6.37M
Sell: 4.85M
The predominance of buyers shows that large players are confident in the asset's potential.
Average orders:
Buy: 6.77M
Sell: 7.28M
Excess of sales indicates profit-taking by average investors.
Small orders:
Buy: 4.52M
Sell: 4.90M
Retail traders are cautious, perhaps waiting for clarity in the trend.
āļø Conclusions:
The balance of funds in favor of purchases confirms the interest of large investors, which may signal an imminent upward price movement.
However, the activity of medium and small traders indicates the need to monitor the dynamics to avoid an unexpected correction.
š Recommendation: The asset is showing a positive trend, but it is important to consider the current market volatility for entry. Technical analysis on lower timeframes will help to clarify the entry point.
XRP: Price $2.7471 (+7.17%). Confident growth, which may be related to positive news or anticipation of new releases.
DOGE: Price $0.34961 (+0.88%). Steady growth amid interest from the community.
š Fear and Greed Index: At level 70, which indicates a phase of greed. It is important to be cautious when making new purchases.
The current market dynamics require a balanced approach. A decrease in volumes may serve as a point for correction, but the growing interest in certain assets opens up opportunities for short-term trading.
How do you assess the current market situation? Share your opinions!
The outflow of funds is 165,666.98 SOL, which may indicate short-term pressure on the price of SOL.
Recommendation: Considering the current overweight of sales, we should expect a possible short-term decline in price. However, if the volume of purchases, especially large orders, begins to increase, this may signal a change in trend. It is recommended to monitor the change in volumes and support/resistance levels.
On the AGLD/USDT chart on a weekly time frame, the following key aspects can be highlighted:
1. Uptrend: The presence of a trend line indicating a gradual price increase. The current support is at the trend line.
2. Resistance Zone: The red zone in the range of $2.0ā$2.2 serves as a strong resistance level, where the price has previously failed to hold above.
3. Projected Growth: If the asset breaks through the resistance, there is potential for growth into the range of $8ā$10, according to the green zone.
4. Volumes and Confirmation of the Breakout: Significant volume growth is required to confirm the upward movement upon breaking through the resistance.
Conclusion: It is recommended to monitor the price reaction at the level of $2.0ā$2.2. A breakout of this level with a hold above may signal the opening of long positions.