Dear traders,

The stock market opened today, and it is in the red. It seems that the resistance is too strong to break through.

Jake
TOP Trader

BTC is dropping from strong resistance at $31,200 and could possibly visit $29,500 as support. The price is still within a trading channel ranging from $29,500 to $31,200, and as long as it holds, it is a good sign for a possible push.

ETH dropped from resistance and is now trading under $1,900. It could soon visit another support at $1,830. It is still in a possible bearish pattern of a double top.

XRP is unable to hold above $0.48, and hitting support at $0.46 is just a matter of time. It still has low volume and is waiting for news that could trigger a bigger push up.

LINK is dropping from support at $6.45 and is pushing strongly towards $6 support. However, it still presents a good opportunity for spot buying and holding.

SOL hit strong resistance and pulled back to under $18 support, which is great if it manages to hold for a bigger push up. Nonetheless, it is still a good option for longer-term buying.

EOS hit strong resistance as predicted and continues to drop to $0.7, which is a big support. Nonetheless, it remains a good option for long-term spot buying.

LTC hit strong resistance and, after a short signal, dropped under $100, cleaning out late longs. Additionally, in 30 days, LTC will experience a halving event, which suggests a significant price increase due to a reduction in mining supply. This presents an excellent long-term investment opportunity!

The DXY (U.S. Dollar Index) has started a bigger push up, and it is ready to break the 103.5 resistance.

Crypto/stock daily news:

NUMBERS OF THE DAY

$5.5M – how much trading volume BITX saw on its first day

Last week, the first leveraged Bitcoin futures ETF (talk about a mouthful) was approved.

It’s called 2x Bitcoin Strategy ETF (BITX) and it’s issued by a company called Volatility Shares.

On Tuesday, BITX had its debut. “Yo Alexa, play the Rocky theme song.”

So, how’d it go? Here are some highlights…

• $500K in trading volume during the first 15 minutes

• $5.5M in total trading volume on the first day

• Ranks 30th out of the 195 ETFs launched this year (in terms of day 1 volume)

Not great, but not terrible. (Or as the French say: comme ci, comme ça. I took 5 years and that’s the only thing I remember.)

Either way, it’s another milestone for crypto as it was the first leveraged Bitcoin futures ETF launched in the U.S.

Now all eyes are on whether a spot Bitcoin ETF will get approved next.

100 – how many Teslas have been tokenized

Check it out, a car-sharing service called Eloop just partnered up with Peaq Network (a blockchain built on Polkadot) to launch a new project.

The goal? Tokenize cars for ridesharing services.

Here’s how it works:

• Ownership of the car gets tokenized and put on the Peaq Network

• This lets users buy the token and own a fraction of the car

• Token holders split the revenue the car generates from daily rideshare operations

So far, 100 Teslas have been tokenized and are driving the streets of Vienna.

We’ll check back in a couple of months to see how successful this ends up being, but this is a pretty cool use case.

$38M – how much Azuki made on its latest NFT drop

Azuki has been a top NFT collection since it launched back in Jan 2022.

It’s one of the few projects that has seen $1B+ in sales volume, according to CryptoSlam. #ThreeCommaClub

Earlier this week, the team launched a new collection called “Azuki Elementals.” Here are some highlights:

• Each NFT was priced at 2 ETH (~$3,800)

• The collection of 20K NFTs sold out in 15 minutes

• It sold out during the “pre-sale” (i.e. it didn’t even make it to the public sale)

• Azuki made $38M from the launch

$38M. 15 minutes. Holy sh*t.

But there was one big problem: when the art was revealed for the new collection, it was almost identical to the original Azuki collection.

Same art. Same style. New traits (i.e. different hair, accessories, etc.)

To make things worse, the original Azuki collection was priced at around 14 ETH (~$27,000) when the Elementals collection launched.

7x price difference, but basically the same art.

Needless to say, the Azuki community was pissed. The floor price of the original NFT collection dropped from 14 ETH →9.5 ETH (-32% drop.)

**Enter narrator’s voice: it was at this moment, Azuki knew they f*cked up**

We’ll see how quickly Azuki bounces back from this sh*show, but let this be a lesson to other NFT collections on what (NOT) to do.

Final words:

Market open in red and there is big possibility that trend to continue.

Copy trade GROW 0.1->10k$ since 18.03 we got +60% PROFIT!

You can check my trading web page with lots of trading information.

Be my guest!

https://t.me/+rBI2IFMrLUhmOTJi

Not Financial Advice!

Good luck with trades!

Author

Jake
TOP Trader