Dear traders,

Jake
TOP Trader

BTC:
INTRO: BTC encountered strong resistance at 43k and needs to continue pushing.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $43,000, $41,500
• Support: $38,500, $41,500

Strategy:

• Long: Buy at $41.500 with a stop loss below $40,000 and a target price of $44,000.
• Short: Sell at $44,000 with a stop loss above $45,500 and a target price of $40,000.

Range description:

BTC/USDT is currently trading in a range between $41,500 and $44,000. 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 $44,000, and the $43,000 level was tested today. If the price holds above on the daily close, it will be confirmed as support. A break above $44,000 would signal a bullish breakout and could send the pair higher to $45,500.

On the downside, BTC/USDT is facing support at $43,000. This level served as previous resistance and is now holding as support. A break below $40,000 would signal a bearish breakdown and could send the pair lower to $37,000 or even $35,000.

BTC1D chart TW link: https://www.tradingview.com/x/tIjwXlz3/

ETH:
INTRO: ETH is pushing back towards the $2300 resistance and needs to sustain volume for a stronger push.

Here is a technical analysis for 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 $2420.
• Short: Sell at $2300 with a stop loss above $2420 and a target price of $2100.

Range description:

ETH/USDT is currently trading in a range between $2100 and $2400. 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 on 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 $2420.

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 $2000 or even $1900.

ETH1D chart TW link: https://www.tradingview.com/x/SoeyHzw7/

XRP:
INTRO: XRP still faces resistance at $0.62 and needs to break it for full bullish confirmation. There’s still a lack of buy volume for a push up. A strong push up to $0.67 is what will break the significant resistance and drive a strong upward movement.

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

Key Levels:

• Resistance: $0.62, $0.67
• Support: $0.58, $0.54

Strategy:

• Long: Buy at $0.62 with a stop loss below $0.58 and a target price of $0.67.
• Short: Sell at $0.62 with a stop loss above $0.67 and a target price of $0.58.

Range description:

XRP/USDT is currently trading in a range between $0.58 and $0.67. 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 $0.66. 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 $0.67 would signal a bullish breakout and could send the pair higher to $0.7.

On the downside, XRP/USDT is facing support at $0.62. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $0.62 would signal a bearish breakdown and could send the pair lower to $0.58 or even $0.54.

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

LINK:
INTRO: LINK is retesting the $14 support and needs to hold above $15 for bullish continuation.

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

Key Levels:

• Resistance: $16, $15
• Support: $13.3, $14

Strategy:

• Long: Buy at $14 with a stop loss below $13.3 and a target price of $16.
• Short: Sell at $15 with a stop loss above $16.5 and a target price of $14.

Range description:

LINK/USDT is currently trading in a range between $14 and $16. The pair has shifted into a 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 $15. 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 $15 would signal a bullish breakout and could send the pair higher to $17.

On the downside, LINK/USDT is facing support at $14. This level is a previous swing low and has been tested multiple times in recent weeks as significant resistance. A break below $14 would signal a bearish breakdown and could send the pair lower to $13 or even $14.

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

SOL:
INTRO: SOL is ready to break the $75 resistance with a strong buy push.

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

Key Levels:

• Resistance: $75, $78.8
• Support: $65.5, $63

Strategy:

• Long: Buy at $65.5 with a stop loss below $61 and a target price of $75.
• Short: Sell at $75 with a stop loss above $78.8 and a target price of $65.5.

Range description:

SOL/USDT is currently trading in a range between $65 and $75.5. However, there are signs that the pair is ready to make a move to push against the strong resistance at $75.

On the upside, SOL/USDT is facing resistance at $75. This level was tested today, and if the price holds above on the daily close, it will be confirmed as support. A break above $75 would signal a bullish breakout and could send the pair higher to $78.8.

On the downside, SOL/USDT is facing support at $65.5. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $65.5 would signal a bearish breakdown and could send the pair lower to $62 or even $58.

SOL chart TW link: https: https://www.tradingview.com/x/Kdb1dTOk/

CRYPTO NEWS:

What’s a real-world blockchain use case?

Use Case #1: Blockchain in Supply Chain

Deloitte is one of the ‘Big Four’ accounting firms.

(Fun Fact: The ‘Big Four’ audit ~99% of U.S. companies in the S&P 500).

And now, Deloitte is leveraging blockchain technology to enhance shipping logistics.

• The firm is utilizing Kilt (a decentralized identity blockchain) to provide logistics and supply-chain services within the shipping industry.
• One of the services is called KYX, a combination of Know Your Client (KYC) and Know Your Cargo.
• Deloitte’s clients will be able to implement KYX to track their shipping containers and verify third-party credentials using the blockchain.

This eliminates the need for extra paperwork from KYC certificates while maintaining customer data transparency and security through the blockchain.

The best part? It’s already being implemented in the shipping industry.

Hapag-Lloyd (a shipping giant) is using Deloitte’s KYX services on ~1.5 million of its shipping containers.

Use Case #2: Blockchain  Data Sensors

Bosch is one of the largest sensor manufacturers in the world.

It makes sensors for everything – cars, kitchen applications, you name it.

Now, Bosch is working on a new smart sensor that…

• Can collect data on stuff like weather, noise pollution, seismic activity, and more.

• Lets users earn crypto rewards by providing the data.

Here’s what the device looks like:

It’s an alternative solution that enables users to provide data and earn rewards without relying on a centralized intermediary.

This approach is part of a growing trend known as DePIN (Decentralized Physical Infrastructure Networks). It’s certainly something to keep an eye on in the future.

Use Case #3: Blockchain Music (featuring Artificial Intelligence)

Music. Crypto. A.I.

Some argue that these three elements currently dominate the world…

Now, all three are being remixed as if it were an early 2010s rap song. (Ah, the good ol’ days).

Here’s what’s happening:

• LimeWire (the OG music-sharing platform) is allowing users to create, own, and trade music using generative AI tools. The songs can be minted on the Algorand or Polygon blockchain.
• Disclosure (an EDM duo) is releasing an NFT collection with “unique variations” of one of their hit songs. Each variation is created by an AI-powered generative music engine and can be bought/sold on the blockchain.

Not only can people create new music, but now they can own it and trade it for money on an open marketplace. Pretty cool.

Well, that’s a wrap for today’s use cases. Until next time, my friends!

FAST NEWS:

Uniswap is making it easier than ever to onboard new users to DeFi through its new mobile app, featuring a convenient interface to swap and manage digital assets. The app is available on Android and iOS.

Coinbase has just launched Project Diamond, allowing institutions to create, manage, and exchange native digital assets on-chain.

KuCoin has reached a settlement with NY regulators, agreeing to pay a $22M fine and cease operations in the state.

FTX claims that the IRS is delaying the recovery of customer funds by seeking $24B in unpaid taxes, another instance of regulators “protecting crypto investors.

Final words:

Crypto market pushing back into resistance and will this try menage to break and bring new highs.

WE celebrate 1 year of blog posting by Top Trader Jake we are happy to announce that we upgrade BLOG post with more information and trading setups!

Please send us message what coin would you like to see in Trader Jake Technical Analysis we are ready to add more coins and setups.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03 we got +165.0% PROFIT!

GROW CURENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: 41,776 USDT

SAFETY ORDERS: 2/10

Liquidation: 67,000 USDT

Not Financial Advice!

Good luck with trades,

JAKE