Jake
TOP Trader

BTC:
INTRO: BTC pushing into resistance 43k.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $44,000, $43,000
• Support: $41,500, $40,200

Strategy:

• Long: Buy at $41,500 with a stop loss below $40,000 and a target price of $44,000.
• Short: Sell at $43,000 with a stop loss above $44,500 and a target price of $40,200.

Range Description:

BTC/USDT is currently trading between $38,500 and $42,000. The pair has broken into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, BTC/USDT is facing resistance at $43,000. The $43,000 level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $43,000 would signal a bullish breakout and could send the pair higher to $45,000.

On the downside, BTC/USDT is facing support at $41,500. This level is a previous resistance for the day and now holds as support. A break below $41,500 would signal a bearish breakdown and could send the pair lower to $40,000 or even $39,000.

BTC1D chart TW link: https://www.tradingview.com/x/JJSDsoRs/

ETH:
INTRO: ETH ready to break 2400$ resistance.

Here is a technical analysis of the ETH/USDT chart:

Key Levels:

• Resistance: $2320, $2420
• Support: $2220, $2100

Strategy:

• Long: Buy at $2220 with a stop loss below $2100 and a target price of $2320.
• Short: Sell at $2320 with a stop loss above $2420 and a target price of $2200.

Range Description:

ETH/USDT is currently trading between $2200 and $2500. The pair has broken into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, ETH/USDT is facing resistance at $2320. This level hasn’t been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $2320 would signal a bullish breakout and could send the pair higher to $2320.

On the downside, ETH/USDT is facing support at $2220. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2220 would signal a bearish breakdown and could send the pair lower to $2120 or even $2000.

ETH1D chart TW link: https://www.tradingview.com/x/XRQaGfd4/

XRP:
INTRO: XRP is holding above 0.5$ and needs to hold before the big nuke.

Here is a technical analysis of the XRP/USDT chart:

Key Levels:

• Resistance: $0.50, $0.52
• Support: $0.48, $0.46

Strategy:

• Long: Buy at $0.48 with a stop loss below $0.46 and a target price of $0.58.
• Short: Sell at $0.50 with a stop loss above $0.52 and a target price of $0.46.

Range Description:

XRP/USDT is currently trading between $0.48 and $0.52. The pair has shifted into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, XRP/USDT is facing resistance at $0.50. This level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $0.50 would signal a bullish breakout and could send the pair higher to $0.52.

On the downside, XRP/USDT is facing support at $0.48. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $0.48 would signal a bearish breakdown and could send the pair lower to $0.46 or even $0.44.

XRP chart TW link: https://www.tradingview.com/x/TzV5xPRm/

LINK:
INTRO: LINK in full bullish break up into 20$.

Here is a technical analysis for the LINK/USDT chart:

Key Levels:

• Resistance: $20
• Support: $17.6

Strategy:

• Long: Buy at $17.6 with a stop loss below $17 and a target price of $20.
• Short: Sell at $20 with a stop loss above $21 and a target price of $17.6.

Range Description:

LINK/USDT is currently trading between $17 and $20. The pair has shifted into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, LINK/USDT is facing resistance at $20. This level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $20 would signal a bullish breakout and could send the pair higher to $22.

On the downside, LINK/USDT is facing support at $17.6. This level is a previous swing low and has been tested multiple times in recent weeks as significant resistance. A break below $17.6 would signal a bearish breakdown and could send the pair lower to $17 or even $16.

LINK chart TW link: https://www.tradingview.com/x/HyFh53Gf/

SOL:
INTRO: SOL fighting with 100$ resistance.

Here is a technical analysis of the SOL/USDT chart:

Key Levels:

• Resistance: $100, $107
• Support: $79, 90$

Strategy:

• Long: Buy at $90 with a stop loss below $75 and a target price of $100.
• Short: Sell at $100 with a stop loss above $ 107 and a target price of $90.

Range Description:

SOL/USDT is currently trading between $75 and $100. However, there are signs that the pair is ready to make a move to push strong resistance at $90.

On the upside, SOL/USDT is facing resistance at $100. This level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $100 would signal a bullish breakout and could send the pair higher to $107.

On the downside, SOL/USDT is facing support at $90. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $90 would signal a bearish breakdown and could send the pair lower to $70 or even $60.

SOL chart TW link:  https://www.tradingview.com/x/0W1UCwSs/

CRYPTO NEWS:

DOWN GOES SOLANA

Solana just suffered its first major outage since February 25th, 2023.

• The main network hasn’t processed any transactions since 5:30 AM ET.
• Developers are still investigating the cause of the issue, but they say the network is “experiencing performance degradation.” (I used to tell my mom the same thing when she’d ask why I got a ‘C’ in English… “degradation”).
• SOL dropped 4% after the news.

The 346-day “no-network-outages” streak is officially over. Time to reset the counter…

So, what now? Solana needs a good ol’ restart.

But according to my researchers, blockchains don’t work like Nintendo 64s – you can’t just take the game out, blow on it, and put the game back in to fix the problem (bummer).

So, Solana developers released a “validator software patch.” Once 80% of the validator operators completed the upgrade, the network restarted.

Talk about a rough morning for Solana.

On the bright side, this is crypto – where major meltdowns get turned into golden memes.

Here are some of the best ones:

FAST NEWS:

Solana’s ‘Chapter 2’ crypto phone hit 60,000 preorders. Hmm, dumb question but… what happens to the Solana phone when the Solana blockchain goes down?

BlackRock and Fidelity’s spot Bitcoin ETFs landed in the top 10 for all ETFs last month. The crazy part? Each fund launched mid-month and only saw 14 total days of trading.

Binance addressed privacy concerns over their leaked KYC information. Rumors emerged that user information was being sold on the dark web and other hacker channels.

Nayib Bukele has been re-elected as President of El Salvador. Bukele says his focus is further integrating Bitcoin into the nation’s economy, including launching Bitcoin-backed “Volcano bonds” to finance renewable energy-powered BTC mining.

There will be $800M in token unlocks this month. Optimism, ApeCoin, Aptos, and Avalanche are some of the big crypto projects on deck.

Mechanism Capital says it “accumulated its first positions of 2024”. What’d they buy? Trump NFTs and Trump-related meme coins.

Final words:

Altcoins are ready for bigger push-ups and breaking resistance.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03.23 we got +219.0% PROFIT!

GROW CURRENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE