Market hit strong resistance. Will it manage to hold above?

03.10.2023

Dear traders,

The crypto market is hitting strong resistance and retesting for a bigger push up. It is still in danger of a bigger push down if support doesn’t hold.

Jake
TOP Trader

After a big push up, BTC is now holding at the previous resistance line. If it manages to hold above $27,200 on a daily basis, it could push higher in the coming days.

ETH, after a bigger push up, now needs to hold above $1,630 for sustainable upward momentum.

XRP is pushing strongly back with a big possibility of a bigger push down. Its position remains precarious, and losing the $0.50 support could be concerning.

LINK is showing bullish momentum, but it needs to hold at $7.5 as support for a bigger upward push. On a daily closing basis, it needs to push strongly beyond the overbought line.

SOL shows bullish momentum and strong support to break the $24 strong resistance.

EOS is still fighting with strong resistance at $0.6 and needs to hold for a bigger push up. Sustaining a price increase still depends on a substantial increase in buying volume.

LTC is still holding at $65 in the mid-range and doesn’t have enough buying force to break the $70 resistance line.

DXY is making bullish momentum and aiming for 108, which is strong resistance for a bigger push up.

Crypto/stock daily news:

IT’S UPTOBER! WHAT TO EXPECT…

The wait is over…

It’s UPTOBER. (Also known in the streets as Pumptober, Rocketober, and my favorite – Gainztober.)

In case you didn’t know, October is one of the best-performing months for Bitcoin.

Pic:uptober

October is the most consistently green month for Bitcoin.

BTC historically averages +29% returns in October.

BTC has only had 2 “red” Octobers. (2014 and 2018)

BTC and ETH have ended October in the green for the last 5 years.

The cherry on top… Bitcoin just ended September in the green.

Something that has only ever happened twice before.

The last 2 times it happened? Bitcoin had a green October….AND a green November…AND a green December.

In other words, a green September = a green Rest-Of-The-Year.

Well, we just had a green September. So now we wait and see how the rest of the year goes.

The first month up to bat: October.

Question of the day: What do you think will happen this October?

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$686M was stolen in crypto hacks last quarter. Stolen funds are up 59% year-over-year, according to the report from Immunefi.

Coinbase secured a payment license in Singapore. The crypto exchange also recently received licenses from Spain and Bermuda last week. #Mr.Worldwide.