Monday pump one more week in green loading.

16.10.2023

Dear traders,

Monday opened in the green, and BTC is attempting to break the 200MA, which could propel the price even higher if it sustains this momentum.

Jake
TOP Trader

BTC is challenging the $28,000 resistance and the 200 MA on a daily basis. Breaking these levels is
crucial for a strong bullish push, but it still faces the risk of rejection if the resistance holds.

ETH has surged from the $1,550 support level and needs to breach the $1,630 resistance on a
daily basis for a significant upward push. However, there is still a risk of a significant downturn and
bearish momentum.

XRP has rebounded from its $0.48 support level and must now surpass the strong resistance at
$0.50 to trigger a larger upward movement.

LINK is displaying bullish momentum, but it must maintain support above $7.5 for a more
substantial upward push. It currently faces strong resistance at $7.5 on a daily closing basis.

SOL is demonstrating bullish momentum and is making an attempt to break through the
formidable $24 resistance level. However, it still lacks the necessary buying pressure to overcome
this strong resistance.

EOS is still grappling with a strong resistance level at $0.6 and needs to hold above it to facilitate
a larger upward move. Achieving a sustained price increase depends on a significant surge in
buying volume.

LTC is currently trading in the mid-range around $65 and is struggling to gather enough buying
momentum to break through the $70 resistance line.

DXY is losing momentum and needs to hold above 106.2 for a bullish continuation.

Crypto/stock daily news:

WOULD YOU LIVE ON CRYPTO ISLAND?

Check it out. I just came across this cool island….Palau.
• Located in the western Pacific Ocean. (near the Philippines)
• One of the smallest countries in the world.
• Small, but mighty views.
Check out the views…

But as beautiful as Palau is, it still has 2 main problems:
1. Tourism makes up a lot of its economy. And since COVID-19 hit, Palau has struggled to recover. Plus…
2. Getting access to physical money is difficult. The cost of transporting pennies, quarters, nickels,
and dimes often costs more than the money being transported itself.
The solution: crypto.
Which is why Palau is on a mission to become “Crypto’s Island.”.
And it recently launched a Digital Residency Program to help.
Here’s how it works:
1. You apply for a Web3 ID. (i.e. a real ID backed by the Republic of Palau)
2. If approved, you get a physical government-issued ID as well as a digital NFT version.
3. This government-issued ID comes with perks like:
• Can be used for KYC on most major exchanges
• Can be used for ID verification for hotels, California DMV, registrations, Costco/CVS purchases, etc
• 0% income tax and 0% cap gains
• 6+ months of physical residency
Plus, Palau gets to benefit from:
1. An additional source of revenue from digital residency fees.
2. Increased tourism. (i.e. if people get physical residency on the island, it could incentivize residents to spend some time of the year there).
3. Access to crypto-minded people who can help build the infrastructure to actually become a future “crypto island”.
Trader JAKE : The jury is still out on whether that’ll work or not, but it’s recently gotten traction, and big names like… Tim Draper (billionaire investor).
Vitalik Buterin (founder of Ethereum and our Lanky King) …have already become a digital resident of Palau.
Would you become a resident of Crypto Island?

FAST NEWS:

Rocketplace is enabling investors to buy an index of 50 top cryptos in one click. Offering an easy way to diversify your portfolio, while saving on time and fees.*
NBA players LaMelo and Lonzo Ball inked a deal with StrayShot (a web3 game) to become playable NFT characters. NFT’s The Ball Family.
Ark Invest updated its Spot Bitcoin ETF filing in response to SEC feedback. Back and better than before.
The U.S. Commodities and Futures Trading Commission (CFTC) sued the former CEO of Voyager Digital for misleading customers. Boom. Another piece of crypto poop gets flushed down the toilet.
Uniswap announced it’s launching its Uniswap Wallet on Android soon. Congrats to the 40
Android users out there!