Jake
TOP Trader

BTC:
INTRO: BTC retesting support 48k$.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $48,500, $47,000
• Support: $45,500, $44,000

Strategy:

• Long: Buy at $45,500 with a stop loss below $44,000 and a target price of $48,000.
• Short: Sell at $48,000 with a stop loss above $49,500 and a target price of $43,000.

Range Description:

BTC/USDT is currently trading between $45,000 and $49,000. 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 $48,000. The $48,000 level has been tested today, and if the price holds above the daily close, it will be confirmed as support. A break above $48,000 would signal a bullish breakout and could send the pair higher to $50,000.

On the downside, BTC/USDT is facing support at $45,500. This level was a previous resistance for the day and now holds as support. A break below $45,500 would signal a bearish breakdown and could send the pair lower to $43,000 or even $42,000.

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

ETH:
INTRO: ETH ready to break 2500$ 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/S4UChUoS/

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/FVfPqlGP/

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/f2nnF4s9/

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 through 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/ofc8bpmG/

CRYPTO NEWS:

ETH STAKING IS ON THE RISE (AGAIN)

Ethereum recently hit a new milestone: 25% of all ETH has been staked.

• That means about 30 million ETH (worth $74 billion) is currently locked up, and the number is rising. There are currently 5,800 validators in the queue, waiting for their turn to stake.
• The staking queue has jumped from no wait time to a 2-day wait. (As of writing, there’s a 1-day and 20-hour wait to stake).

So, why the sudden spike? Ethereum is a lot like Chipotle – whenever there’s a new item (or narrative) on the menu, it gets a ton of hype.

The result: the lines go out the door.

The same thing is happening with ETH right now. Here are its top narratives:

• Restaking: EigenLayer (a popular staking protocol) is one of crypto’s hottest projects and recently re-opened deposits. But to retake, you first need to stake.
• ETH ETF Mania: Many are expecting an ETH ETF to launch later this year, and a handful of the applications have focused on staking in their proposals.

We wouldn’t be surprised if the staking queue gets longer over the next few weeks.

THE MARCH OF THE PENGUINS

Here’s a crazy NFT stat for you:

• At one point in time… 150 Pudgy Penguins = the same price as 1 Bored Ape.

• Now… 1 Pudgy Penguin = about the same price as 1 Bored Ape.

Penguins might not have wings to fly, but they do have flippers (to flip other NFT projects).

FAST NEWS:

Analysts think these two stocks will soar ahead of Bitcoin’s halving event. Spoiler alert: they’re Bitcoin miners. —DL News

Solana’s second smartphone just hit 100,000 preorders. That’s $45M in sales in just over a month.

Black Mirror is going web3 with a new ‘smile-to-earn’ experience. Based on the social credit score system from the episode ‘Nosedive,’ Smile Club lets users earn points that can be traded for exclusive prizes and experiences.

The New York Attorney General is seeking $3B in restitution from Digital Currency Group (DCG) and its lending arm, Genesis. DCG and Genesis are accused of misleading investors.

Solana’s outage was caused by a “previously identified bug”. According to some Solana devs, the bug resulted in an infinite loop, which caused the validators to stall on a certain block – halting the entire network.

Final words:

Market have bullish push up and altcoins could push strong now.

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