Pull back or the beginning of a NUKE!

17.07.2023

Dear traders,

After big bullish candles, the market is pushing back and is now trading at support. Will it hold, or is this the beginning of a bigger push back?

Jake
TOP Trader

BTC has pushed back to support and is now trading below $30,400 and within a channel. Is this push back before the next big push up or the beginning of a bigger retrace back?

ETH is back in the channel and is now trading below $1,940, which is a significant resistance level before a bigger push up. It is still within the channel, and both directions are still possible for price movement.

XRP has pushed back from a bigger push and is now trading in a new channel above the old resistance, ranging between $0.67 and $0.815. Within this range, the price needs to hold to make a bigger push up.

LINK has held at support at $6.45 and needs to maintain this level for a bigger push up and bullish continuation. This is still a good spot for a long-term buy entry price.

SOL needs to hold above $27 on a daily basis for bullish continuation. There could be a bigger push back to the $24 support level, which would present a great spot for a long-term buy entry point.

EOS is still trading below $0.79 and needs to hold above the 50MA on a daily basis for bullish continuation in price.

LTC is still fighting at the support level of $88, which is a good spot for a long-term buy entry price. Additionally, in 15 days, LTC will undergo a halving event, which is expected to result in a notable price increase due to a reduction in mining supply. This presents an excellent long-term investment opportunity!

DXY is still oversold and is now trading below 100, which could lead to a push back soon.

Crypto/stock daily news:

DID RIPPLE WIN ITS CASE AGAINST THE SEC?

Welcome back to another episode of JAKE-busters, where we debunk crypto myths and give you the Cold Hard Truth.
Today we’re talking about what everyone’s talking about: Ripple and its token XRP.
Let’s dive in…
What happened: A U.S. judge issued a pre-trial ruling yesterday in the SEC’s lawsuit against Ripple (it was made in the same court as the SEC vs. Coinbase case: the U.S. District Court for the Southern District of New York.)
Myth: Ripple won its case against the SEC.
Truth: Not entirely, or yet. The ruling was a “split decision.” And Ripple was handed some good news and bad news…
The good news is the judge ruled:
• The token (XRP) itself is not a security.
• Ripple’s sale of XRP on crypto exchanges isn’t a securities offering.
• A token is completely separate from the investment contract. This is a legal thing the crypto industry’s been fighting for.

Now, sorry to do this, but…
Time for the bad news:
• The judge ruled Ripple still violated securities laws when it sold $750M worth of XRP tokens to banks, hedge funds, VCs, etc.
• The Ripple vs. SEC case is going to trial now to figure out if the rest of the SEC’s claims against the company are true. That includes whether execs aided/abetted offering unregistered XRP to institutional investors.
This is what we like to call a Sour Patch Case: It’s sweet… and then it’s sour.
Having a judge rule your native token not a security is a pretty sweet feat. But part of the sale of your token being called illegal is like shoving 10 Warheads in your mouth: that shit’s sour af.
Still, this is a big win for crypto as a whole.
If XRP is dubbed not a security, others (like SOL) could, too. This also gives a short-term green light
that sales via exchanges are okay.
That’s why Gemini, Kraken, and Coinbase said they’re relisting XRP after the ruling came out.
Nature is healing…
“Big deal. Battle won, but war not over,” as Vanderbuilt lawyer James Murphy (AKA
MetaLawMan) told us.
Here’s how Crypto Twitter reacted:

FAST NEWS:

Google Play is opening up the ability for users to buy, sell, and earn digital assets in apps. Yo Apple, you takin’ notes??
Multichain has announced it’s ceasing operations after its CEO was arrested and the team lost access to the funds. Talk about a movie…
Gucci and Christie’s auction house are teaming up to release a new NFT collection. There will be a total of 21 NFTs in the collection and each one will be created using AI.
Europe’s first Bitcoin ETF is set to launch later this month. The Bitcoin ETF was set to launch last year but was delayed after the Luna collapse, but now “the time is right.”

Final words:

Crypto market make pull back and will it hold at support. Take your position this is best way to take
long position.
Copy trade GROW 100$->10K$ since 18.03 we got +60% PROFIT!