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не указан, Английский
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Криптовалюты
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Фильтр публикаций


Bitcoin Halving is completed. Miner block reward is now 3.125 BTC.


ARB Analysis :

ARB stop hunted both sides of the strong levels and started a new consolidation. The support is around $1.05 - $1.08 and Resistance nearby $1.18. ARB is a good project for long term and now available at cheaper price. Its better to accumulate some here and add more with the breakouts.


Which Coin Analysis You Want ?
Опрос
  •   NULS
  •   VOXEL
  •   BCH
  •   ARB
  •   NEXO
3320 голосов


Bitcoin ETFs hold 851k BTC, 4.3% of circulating Bitcoin, showcasing their market influence. With the recent inflow slowdown since March and BTC at $60k post-drop, market is stabilizing.


API3 broke the triangle pattern in a downward direction and experienced a significant drop. Due to this, we recommend waiting for some time before making new entries. Currently, the price is trading near the support area, indicating that we may see some sideways movement. You can open a small long position at the support area with a tight stop loss.

Support Area: $1.95-$2.15

Resistance Area: $2.70-$2.90


It seems that SOL has been dumped into the support area as expected. If you have opened long positions at the $133-$140 support area, it's recommended to increase your stop loss near the $125 level and hold the position. We may see an upward move toward the resistance now.

Resistance Area: $162-$169


Bitcoin was again dumped below the support zone to grab liquidity. There is good buying pressure and the price is instantly pumped from there. Bitcoin halving is just coming within 18 hours.


LPT analysis:

Currently, the price is being tested at the resistance area. It remains to be seen how the price will react at this level and if it will be able to break above this resistance area. A break above the resistance area would be considered bullish and we may witness a continuation of the upward move. It is advisable to wait for a clear breakout before making any new entries.

Resistance Area: $13.10-$13.50


Which coin analysis you want?
Опрос
  •   FXS
  •   GTC
  •   KLAY
  •   NTRN
  •   LPT
2583 голосов


Educational Post

What is Wash Trading?

Simply put, wash trading refers to the practice of buying and selling the same financial instruments to create a false representation of market activity. This seemingly deceptive tactic can have consequences for market integrity and fairness.

In other words, wash trading involves an individual or entity acting as both the buyer and the seller in a trade, creating an illusion of genuine market activity. In most cases, the goal is not to derive profit from the trade itself but to manipulate market perceptions, such as boosting trading volume or influencing price trends. This practice is considered unethical and, in many jurisdictions, illegal.

How Wash Trading Works

In a typical wash trade scenario, an individual or entity places buy and sell orders for the same financial instrument. The intent is to deceive other market participants into believing that there is significant trading activity when, in reality, there is no change in asset ownership. Automated trading algorithms or trading bots can be programmed to carry out wash trades, amplifying the frequency and impact of this activity.

Consequences of Wash Trading

Wash trading can have several negative effects on financial markets. Firstly, it can distort market data by creating artificial trading volumes, making it challenging for traders and investors to accurately assess market conditions. Additionally, it can lead to false signals and misinformed decision-making, as traders may interpret the inflated activity as genuine market interest. This manipulation can undermine the fairness and efficiency of the market, eroding trust among participants.


The altcoin marketcap (TOTAL2) is currently testing a support area and holding above it, indicating potential sideways movement before the next move. We may see some movement in altcoins after BTC halving.


ALGO is currently testing the support area once again. This is a crucial zone that needs to be held. If you are planning to open a long position at the support area, make sure to use a tight stop loss. We may see some accumulation at the support before the next move.

Major Support Area: $0.1570-$0.1650

Resistance Area: $0.23-$0.24


Bitcoin has created a price movement that causes stop losses to be triggered below the support area. Currently, the price is testing the support area, and this level must hold; otherwise, we could see a significant amount of selling in the market. This week is highly important for BTC, as the halving event is nearing, and it is expected to occur within the next 48 hours.


Good News for Indian Crypto Community

✅ Binance Set to Return to India 🇮🇳, Pays $2 Million Fine.

👉 The Economic Times reports Binance  is reentering India, having agreed to a $2 million fine and full compliance with financial regulations.


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CAKE analysis:

Currently, the price is testing the support level. We may see some consolidation near the support level. If you plan to open long positions, make sure to use proper risk management and stop loss.

Support Area: $2.42-$2.70

Resistance Area: $3.61-$3.81


Which coin analysis you want?
Опрос
  •   FXS
  •   GTC
  •   KLAY
  •   NTRN
  •   CAKE
2624 голосов


Altcoins have shown some signs of recovery, while the Bitcoin Dominance has tested a resistance level. This area is currently acting as a support level. We need to wait and see if the Dominance can break below the 55% level, otherwise, we may see another dip in altcoins. It is advised to set a tight stop loss and keep an eye on the Bitcoin Dominance.


Bitcoin has bounced near the support area again, and we may see a continuation of sideways movement this week. As of now, nothing has changed in the market. We will have to wait and see how the price reacts to the halving event.


ACH analysis:

Price is currently trading within a range between the support and resistance levels. It is advisable to avoid trading until a good setup is formed. A test of the support level may occur, which could lead to new entry opportunities.

Support Area: $0.022-$0.023

Resistance Area: $0.0306-$0.032

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