Buy Ethereum (Daily Timeframe)Ethereum is still in its uptrend channel on the daily and weekly timeframe after previously rebounding from its lower channel, support and demand zone at bottom of 1k.
Next target if the resistance and supply zone at area 2k break and with a close above, is at the resistance and supply zone at mid 3k.
Cryptos
BTCUSD Former Resistance turned Support. Targets 35k next.Bitcoin was trading in a Channel Up that broke upwards on March 17th and has since turned its former top (Resistance) into a bottom (Support).
This is best viewed with the use of the Fibonacci Channel extensions. Currently the price is trading between Fibonacci 1.0 and 1.5.
The 1day MACD Bear Cross is near and if it happens it can keep the price ranged inside the above range.
The next closing (over Fibonacci 1.5) targets 35000 on Fibonacci 2.0.
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BTCUSD: Retest of former Resistance and 1D MA50.BTCUSD is on a short term pull back with the 1D technicals bullish (RSI = 60.143, MACD = 1080.300, ADX = 37.344) but much less overbought than previously. Having crossed over the Inverse Head and Shoulder's Resistance (25,250), this pull back is most likely the Bull Flag that will retest is as Support, along with the 1D MA50, and will rebound to Resistance 2 (31,800) as the long term bullish reversal pattern suggests (technically the target can get as high as 35,000).
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Zcash vs Bitcoin begins Total Capitulation Wall ZEC BTC PrivacyThe vulnerabilities, discovered by Halborn in a 2022 audit of Dogecoin, were first disclosed to ECC and contributors to other affected networks on Feb. 14, and more details were relayed in a Feb. 17 call. ECC initiated our security process immediately and began coordinating with ZecSec.com, the independent Zcash-community-funded security team, and with Zcash Foundation, who analyzed the impact on zebrad, its own implementation of a Zcash node. We also reached out to Horizen, Komodo, and other teams with whom we have disclosure agreements.
Within days, we had zcashd patches ready for third-party testing, but the public releases have been delayed to allow other projects time to complete their own remediations and to allow for coordinated comms, given the sensitive nature.
Halborn found that the bugs could allow an attacker to utilize peer-to-peer network messages to fill the memory of a node and crash it. By crashing other people’s mining nodes, an attacker could potentially reduce, by around one half, the amount of hashpower they would need to mount a 51% attack on the Zcash network. A successful 51% attack could potentially be used to execute a double-spend attack, which could result in users who received transactions from the attackers losing their funds. We have no reason to believe that the Zcash network is currently vulnerable to a 51% attack — with or without the “one half discount” on the attack cost — but out of an abundance of caution, we’ve hardened the zcashd nodes so that they cannot be crashed using this bug.
BTCUSD And Not Buying Silly PricesHey Traders,
Upon this Morns Crypto News/Sentiment surrounding Binance... You have the option to make a decision. Eyes will race to that of the 'New' asset hot in popularity which is Bitcoin.
If you have to trade it, you always want to buy dips to attain value. There is no value really in buying high prices because naturally, you are getting a worse deal if long.
And yes, there COULD be a larger upside in the future. But show me how you can prove at this exact point in time, factually, that this will occur. That is a Discussion and not a fact. This is why you should buy dips, they are facts. Dips are low prices within moves up and therefore naturally retain more value than prices that have already had their wider move.
Now, if you are short, you need to minimise risk enormously because this asset is a HVA. Any shocking news that arrives (may see it with what's going on) can you blow you to smithereens. This is dangerous and often will happen if you are buying highs far away from key moving averages (that you always arrive back to). Often the further away from the 20/40 and further 100/200/500 the lower the market value in the opposite direction.
It's far better to just consistently ONLY buy things when they are cheaper and ONLY exit when they cost more. That is the natural art of dealing anything for long term gains.
Without acting in such way you are simply avoiding reality. If you are after the 'thrill' seeking aspect of Trading.. you WILL lose money. The market is not for thrill seekers it is for those who are in control of both MIND and also RISK. That is because what rules Trading is decisions made in the brain and the longevity of your equity management and damage control when you do make worse decisions. This mitigates the bad times and gets you back on the good.
If you do not manage both accordingly you will suffer, so make sure ya do. Remember Bitcoin only took off a few years ago we are not looking at something which has 30 40 50 years of price action and therefore inherently has greater risk. There CAN be upside. There really can. However, we are where we are and if you do not use factual price then you are guessing.
Trade small and trade safe always. Also, think about how you want your portfolio arranged.
KASUSD Little more room left on this rally.KASUSD/ Kaspa is rallying on a Rising Support. The 1day MA50 is also supporting for the past 2 months.
The RSI is also on a Rising Support, indicating no divergence form the prevailing bullish trend.
Target 0.0300, which as on the October/ November rise, it represents a +650% rise on the 2.382 Fibonacci.
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BTCUSD: Will pull back if it closes under the 4H MA50.BTCUSD is inside a monthly Triangle pattern with 4H technicals turning neutral (RSI = 48.016, MACD = 238.400, ADX = 31.451) after failing to break above it and making a Double Top (DT). Both previous Highs have been on DT formations, therefore it is highly likely this is one as well. It will be confirmed if today closes under the 4H MA50.
The 4H MACD has a clear Buy Zone under 0. Excluding the Silicon Valley Bank aggressive decline, both previous pull backs have been of the same magnitude (around -12%). Depending on how aggressive the 4H MA50 break might be, we may see this correction extend to the 1D MA50 but we doubt under the current fundamentals it can go any lower. Next TP = 30,000.
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#FTM LongIn a lower cycle in the correction wave 2, it can finish in the specified area enclosed in the channel of this correction and grow up to the 75 cent zone of the three rising wave.
ETH (CONVERGENCE) + DOWN TRENDhi there ,
convergence simply its mean that the trend its not finished yet not matter its down of up trend but in this case we have a down trend with convergence supportation,
price convergence its support the continuation of downtrend , i,m afraid this up wave its a bull trap and later price will continue down ,
thanks
BTCUSD Flipped fractal targeting 35000BTCUSD is rising after a clear support test on the Falling Resistance of the Bear Cycle.
On March 2022 we had an equally strong rejection on that Resistance.
We flipped the fractal and matches so far the price action since the December lows.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 35000 (the fractal's peak).
Tips:
1. The RSI (1d) is already overbought but nowhere near the January levels. Such impulsive waves ignore the standard overbought/ oversold levels on traditional assets.
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MAGICUSD Immense upside potential. It can reach $5.000MAGICUSD just formed a 4hour Golden Cross. Last time it formed the same pattern was on January 15th. It was the start of a +417% rally.
The 4hour RSI is also forming the exact same pattern as January's on the exact same levels.
The whole pattern since the beginning, so far fits into a long term Channel Up.
Expect a new +417% rise. Target 5.000
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XRPUSD This rally isn't stopping hereGreat news for XRPUSD which immediately showed on the price action and today it just broke over the middle of the long term Channel Up.
The 1day RSI is already overbought but as with September 20th - 23rd, this move won't stop here and targets the top of the Channel Up.
This time the 1day MA200 is supporting. Target 0.6300.
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