Altcoins following ETH pushback.

Jake
TOP Trader

BTC:
INTRO: BTC retesting 63.000$ as support.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $65.000,$65.500
• Support: $62,000, $63,000

Strategy:

• Long: Buy at $60,100 with a stop loss below $58,000 and a target price of $69,000.
• Short: Sell at $65,000 with a stop loss above $67,500 and a target price of $60,000.

Range Description:

BTC/USDT is currently trading in a range between $60,000 and $65,000. 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 $63,000. The $63,000 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 $63,000 would signal a bullish breakout and could send the pair higher to $65,000.

On the downside, BTC/USDT is facing support at $62,500. This level was a previous resistance for the day and is now holding as support. A break below $62,500 would signal a bearish breakdown, sending the pair lower to $58,000 or even $50,000.

BTC1D chart TW: https://www.tradingview.com/x/lmstX9Yt/

ETH:
INTRO: ETH retesting 3200$ support.

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

Key Levels:

• Resistance: $3300, $3500
• Support: $3200, $3000

Strategy:

• Long: Buy at $3200 with a stop loss below $3000 and a target price of $4000.
• Short: Sell at $3300 with a stop loss above $3500 and a target price of $3000.

Range Description:

ETH/USDT is currently trading in a range between $3,000 and $3,300. 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 $3,300. 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 $3,300 would signal a bullish breakout and could send the pair higher to $3,500.

On the downside, ETH/USDT is facing support at $3,200. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $3,200 would signal a bearish breakdown, sending the pair lower to $3,000 or even $2,800.

ETH1D chart TW link: https://www.tradingview.com/x/eVBg9jAX/

XRP:
INTRO: XRP retesting 0.58$ support.

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 strong 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/RoOYqcQY/

LINK:
INTRO: LINK retest support at 17.5$.

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 $17.6. 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/b1LvnRbq/

SOL:
INTRO: SOL retest 180$ support.

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/7VZbZqtj/

CRYPTO NEWS:

3 THINGS TO WATCH THIS WEEK 

There are 3 big things you need to be watching this week…

1/ The Federal Open Market Committee (FOMC) Meeting

It’s FOMC week. This means we’re going to find out whether interest rates will go up, down, or stay the same.

Here are some possible outcomes from the upcoming meeting:

Scenario 1: Rates go up. This would likely make investors nervous and turn the markets into a roller coaster (not the fun ones at Six Flags).

Scenario 2: Rates hold steady or drop. This would be a warm blanket for the markets, potentially giving a green light to risk-on assets, like crypto.

The big thing to watch will be… the FOMC’s language and future predictions. Sometimes it’s not just what they do, but what they say about the near-term that gets the markets buzzing.

2/ Conferences

There are 2 big conferences this week…

• NVIDIA GTC. Btw, AI-related cryptocurrencies generally tend to rally around events like this.

• The Digital Asset Summit (DAS). A conference for institutional crypto investors.

3/ Token unlocks

• $275M in crypto will be unlocked later this week…

• $130.29M worth of $ID tokens will unlock on March 21.

• $95.7M worth of $IMX tokens will unlock on March 21.

• $37.5M worth of $PIXEL tokens will unlock on March 19.

FAST NEWS:

The UK could be crypto’s next big hub. Here are 5 reasons why… —DL News

Standard Chartered is predicting BTC will hit $150K by the end of the year. The bank also predicts BTC will reach $250K at some point in 2025.

The results are in… BTC ETFs hit record inflows and trading volume last week. Net inflows for all BTC ETFs reached $2.57B last week; up 15% from the week before.

The base has seen a big surge in new users and transactions over the last week. This has likely been driven by the low transaction fees following the Ethereum Dencun upgrade.

Starbucks is shutting down its NFT program, ‘Odyssey’. Tonight, we pour out a glass of milk for our fallen soldier.

The odds of an ETH ETF approval have plummeted to 23%. In January, the odds were about 74%.

Final words:

Market closing to strong support line and prepare for bounce up.

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