ETH still fighting with big resistance at 4000$
Jake
TOP Trader
BTC:
INTRO: BTC pushing above 70k$.
Technical analysis for the BTC/USDT chart:
Key Levels:
- Resistance: $75.000,$72.500
- Support: $69,000, $67,200
Strategy:
- Long: Buy at $69,100 with a stop loss below $65,000 and a target price of $75,000.
- Short: Sell at $75,000 with a stop loss above $77,500 and a target price of $69,000.
Range Description:
BTC/USDT is currently trading in a range between $67,000 and $73,000. The pair has broken into this 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 $73,000. This level has been tested today, and if the price holds above it on the daily close, it will be confirmed as support. A break above $73,000 would signal a bullish breakout and could send the pair higher to $80,000.
On the downside, BTC/USDT is facing support at $48,500. This level was a previous resistance during the day and is now holding as support. A break below $48,500 would signal a bearish breakdown, sending the pair lower to $45,000 or even $42,000.
BTC1D chart TW link: https://www.tradingview.com/x/uYk8LxB1/
ETH:
INTRO: ETH running into 4000$.
Here is a technical analysis of the ETH/USDT chart:
Key Levels:
- Resistance: $4000, $3800
- Support: $3700, $3600
Strategy:
- Long: Buy at $3700 with a stop loss below $3600 and a target price of $4000.
- Short: Sell at $4000 with a stop loss above $4100 and a target price of $3800.
Range Description:
ETH/USDT is currently trading in a range between $3,800 and $4,000. The pair has broken into this 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 $4,000. This level hasn’t been tested today, and if the price holds above it on the daily close, it will be confirmed as support. A break above $4,000 would signal a bullish breakout and could send the pair higher to $4,100.
On the downside, ETH/USDT is facing support at $3,800. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $3,800 would signal a bearish breakdown and could send the pair lower to $3,700 or even $3,600.
ETH1D chart TW link: https://www.tradingview.com/x/bjYAtC2K/
XRP:
INTRO: XRP pushing new high 0.70$.
Here is a technical analysis of the XRP/USDT chart:
Key Levels:
- Resistance: $0.70, $0.67
- Support: $0.62, $0.64
Strategy:
- Long: Buy at $0.67 with a stop loss below $0.62 and a target price of $0.78.
- Short: Sell at $0.72 with a stop loss above $0.74 and a target price of $0.62.
Range Description:
XRP/USDT is currently trading in a range between $0.62 and $0.72. The pair has shifted into this 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 $0.70. This level has been tested today, and if the price holds above it on the daily close, it will be confirmed as support. A break above $0.70 would signal a bullish breakout and could send the pair higher to $0.72.
On the downside, XRP/USDT is facing support at $0.67. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $0.67 would signal a bearish breakdown, sending the pair lower to $0.62 or even $0.60.
XRP chart TW link: https://www.tradingview.com/x/MVamYyaA/
LINK:
INTRO: LINK pushing above 20$.
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 in a range between $17 and $20. The pair has shifted into this 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 it on 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 $17.60. This level is a previous swing low and has been tested multiple times in recent weeks as significant resistance. A break below $17.60 would signal a bearish breakdown and could send the pair lower to $17 or even $16.
LINK chart TW link: https://www.tradingview.com/x/qKqxAAe6/
SOL:
INTRO: SOL pushing to 175$ price target.
Here is a technical analysis of the SOL/USDT chart:
Key Levels:
- Resistance: $135, $126
- Support: $120, 107$
Strategy:
- Long: Buy at $120 with a stop loss below $100 and a target price of $130.
- Short: Sell at $100 with a stop loss above $ 107 and a target price of $90.
Range Description:
SOL/USDT is currently trading in a range between $120 and $140. However, there are signs that the pair is ready to make a move to push against strong resistance at $150.
On the upside, SOL/USDT is facing resistance at $135. This level has been tested today, and if the price holds above it on the daily close, it will be confirmed as support. A break above $135 would signal a bullish breakout and could send the pair higher to $150.
On the downside, SOL/USDT is facing support at $120. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $120 would signal a bearish breakdown and could send the pair lower to $100 or even $90.
SOL chart TW link: https://www.tradingview.com/x/zUqDNObg/
CRYPTO NEWS:
CRYPTO IS FULL OF ‘INFINITE REGRET’
Yesterday we took a stroll down memory lane.
It’s called ‘Infinite Regret’ and is written by Zeneca, an NFT trader.
Here are the 5 biggest takeaways:
1/ Crypto is full of ‘Infinite Regret’
Did you buy a token that ended up being a scam? Regret.
Did you sell too early and miss the pump? Regret.
Did you sell too late and end up round-tripping your profits? Regret.
Did you miss out on an airdrop worth thousands because you were too busy using the 24837438 other protocols that exist? Regret.
Were you asleep while a new token did a 100x? Regret.
Crypto is FULL of Infinite Regret.
It’s the only industry where investors can get a 50x return, and still be mad. And while we all think we’ll have no regrets (like this guy)…
… the reality is, you’ll probably feel regret at some point in your crypto career.
But here’s why that’s a good thing…
2/ Infinite Regret = Infinite Opportunities
Yes, it sucks seeing everyone (but you) hit 100x returns. You might even start thinking that you’re allergic to profits.
But the fact that these insane money-making opportunities even exist is a very, very good thing…
It means you’re roughly in the right place, at roughly the right time.
3/ Crypto investing is a numbers game
There’s a TON of luck involved in this game. Anyone that says otherwise is a damn liar.
But there’s also a lot of skill too.
This includes your ability to research projects, evaluate them (i.e. know what’s likely to succeed and what isn’t), and then place bets accordingly.
^^ This is what you need to focus on improving.
And after a while, you realize it’s all a numbers game. The more educated guesses you make, the more the odds will slant in your favor.
This still does not guarantee success, but it guarantees a better chance of success.
4/ You will lose money sometimes
This is the cost of tuition for crypto college.
But here’s the thing. The goal isn’t to be happy when you make money and upset when you lose money. (Sounds counterintuitive, I know).
The goal is to:
Be happy when you play well (i.e. did good research, found a hidden gem, etc.)
Be upset when you play poorly (i.e. FOMO invest, fall for a scam, etc.)
5/To thrive, you need to survive
If you go all in on a couple of projects that turn to dust, not only do you lose your money, but you also lose your chance at future opportunities.
It’s a double whammy.
So don’t feel the need to FOMO into whatever hot project your favorite neighborhood influencer is talking about.
There are no shortages of opportunities (not anytime soon at least), so don’t let the Infinite Regret consume you.
Take your time to learn and understand the space.
As they say – we’re all gonna make it.
FAST NEWS:
Ethereum’s ‘Dencun’ upgrade went live on the main network this morning. History has been made!
Coinbase is planning to raise $1B in convertible notes. The crypto exchange will use the money for “general corporate purposes” and may also use it to “make investments in and acquisitions of other companies, products, or technologies.”
Grayscale applied to launch a new “mini” Bitcoin trust. If approved, it will be a spin-off of Grayscale’s existing GBTC fund, with lower fees.
Goldman Sachs, BNY Mellon, and Cboe Global Markets are testing a blockchain-based, communication system called Canton Network. According to the report, they executed 350+ simulated transactions using tokenized assets, digital cash, securities lending, and more.
El Salvador is sitting on a $84M profit from its BTC holdings. ? Stand on my money, headbutt Yao Ming ?
Final words:
Altcoins are ready to push.
GROW BOT UPDATE:
Copy trade GROW 0.1->10k$ since 18.03.23 we got +219.0% PROFIT!
GROW CURENTLY:
TRADING COIN: BTC/USDT
SETUP: SHORT
TAKE PROFIT: /
SAFETY ORDERS: /
Liquidation: /
Not Financial Advice!
Good luck with trades,
JAKE
