Predictions
BTCUSD AnalysisBitcoin has retreated again as the crisis intensifies and risk appetite declines.
Given the great uncertainty of risky assets, the market is still dominated by those who are reluctant to increase their holdings. This led to a lack of liquidity and a wave of selling.I see "decent resistance" at the $40,000-45,000 price level as the geopolitical crisis will prevent "significant gains" in risk assets.The gray area in the chart will be the price zone to which the price will potentially move.
Mexico Senator Proposes Bitcoin Legal Tender Bill—But It's UnlikIndira Kempis is pro-Bitcoin. Mexico's president is not.
Moreover, Kempis is a member of an opposition party, so her efforts are less likely to gain traction.
Indira Kempis, a senator from the state of Nuevo Leon in Mexico, wants to make her country the second in the world to adopt Bitcoin as legal tender, even though the odds are stacked against her.
LUNA/USDTTerra’s LUNA token broke and closed above the 20-day EMA ($54) on Feb. 22, which was the first indication that the sellers may be losing their grip. Sustained buying has pushed the price to the downtrend line of the descending channel.
The 20-day EMA has flattened out and the RSI has jumped into the positive territory, suggesting a minor advantage to buyers. A break and close above the 50-day SMA ($62) will indicate a possible trend change. The LUNA/USDT pair could then rally to $70 where it may again face resistance from the bears.
Contrary to this assumption, if the price turns down from the 50-day SMA, it will signal that bears are attempting to defend the overhead resistance. If the price rebounds off the 20-day EMA, it will indicate that bulls are buying the dips. That will increase the possibility of a break above the 50-day SMA. This positive view will be negated if bears pull the price below the 20-day EMA.
DOT/USDTPolkadot (DOT) has bounced off the support at $15.80, indicating that the bulls have not given up and they continue to buy at lower levels. The RSI is showing signs of forming a positive divergence, suggesting that the selling momentum could be weakening.
The DOT/USDT pair could now rise to the downtrend line, which is likely to act as a strong resistance. If the price turns down from this level, the bears will again attempt to pull the pair below $15.80 and resume the downtrend.
Conversely, if bulls drive the price above the downtrend line and the 50-day SMA ($21.14), the pair could rise to the overhead resistance at $23.19. A break and close above this level will complete a double bottom pattern.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
ETH/USDTEther (ETH) bounced off the psychological support at $2,500 on Feb. 22. The bulls have pushed the price above the breakdown level of $2,652, indicating strong buying at lower levels.
The buyers will now try to propel the price above the moving averages. If they succeed, the ETH/USDT pair could rally to the resistance line of the symmetrical triangle pattern. The bulls will have to push the price above the triangle to signal the start of a new uptrend.
Alternatively, if the price turns down from the moving averages, the bears will try to pull the pair below the support line of the triangle. If they manage to do that, it will suggest that the symmetrical triangle has acted as a continuation pattern. The pair could then drop to $2,159 and later to $2,000.
ETHUSD Trading Analysis and Anecdotal InsightsOverall, ETHUSD price is stable around $3,000. If ETHUSD pulls back lower, it could get support near $2,900 in the short term. Instead, it could rise to the $3300-3600 level.
The U.S. may come closer to regulating stablecoins.
The proposed bill would introduce a new "qualified" designation for stablecoins that could be converted to U.S. dollars on a one-to-one basis as needed. These qualified stablecoins could only be issued by banks or non-bank institutions that meet certain requirements, including rules set by the Office of the Comptroller of the Currency.
Issuers of eligible stablecoins must maintain at least 100% reserve asset backing, which will take the form of U.S. dollars or other assets in cash equivalents as deemed appropriate by the OCC. In most cases, these include highly liquid, short-term U.S. dollar-denominated debt instruments, such as U.S. Treasuries.
One of the biggest concerns regulators have about stablecoins and stablecoin issuers is the quality of their backing and the potential for a "bank run" that could threaten the stability of the broader financial system. Under Gottheimer's bill, stablecoin issuers would either have to obtain a banking license or keep their reserves in segregated accounts at regulated banks. This would significantly reduce risk to users and the system as a whole, but it would also increase centralization and limit competition in the space.
Interestingly, why do all the so-called "innovations" need to be tied to dollars? Oil, gold, cryptocurrencies, web 3.0, etc. Will you think deeply about it!
TWTR Predictions"Twitter ( TWTR ) reiterated its 2023 revenue outlook of $7.5 billion" I have my doubts. While its financials look to be in line with expectations, the stock is down 53%. When the company gave an ambitious revenue vision, it was clear that investors weren't buying it, and the stock dropped one after another, and they have cast a critical vote. We have reason to believe that the stock will consolidate at the $25-48 price level for a long time.
AAPL Trading Plan
I would see a lot of buying action going on if the stock falls to $120-$155. Because I think a company with enough cash reserves, it will be well protected against risk. You'll find the pattern in the chart and I hope it works.
Buy $120-155
Stop loss $99
Target X
ETHUSD PREDICTION AND POSSIBILITY MARCH-APRIL 2022Chart explain the prediction, Price channel with Support n Resistance is a base logic for buyers and seller to entry and out.
If price breaks 2160 it will reach 1690 on March 2022, and if crazy thing happen it can continue back to 664 on April.
Be careful make early buy entry.
NVDA bad shapeAt the moment I don't think it's wise to go long in the C zone because sometimes price volatility can be amplified in a market pessimism block and the support level in that C zone will be unbearable in the face of a trend reversal.
Where to for XAUUSD ?1)U.S. inflation hit a four-year high of 7.5% in January, exceeding market expectations.
2)Fed officials made hawkish remarks, reinforcing the case for a 50 basis point rate hike in March.(Is gold about to fall in the Fed's rate hike cycle? Obviously it is not going to happen)
3)The dollar may have more upside amid rising inflation and wage pressures.
BTCUSD has seen interesting trading patterns recently.Will this be the next move path for BTCUSD? BTCUSD price is blocked at $45000-47000. when BTCUSD rise is rejected, it may test $39000-40000 levels downwards in the short term. Instead, it may stay above EMA200, forming a converging triangle.
Where to for BTCUSD ?Why is BTCUSD likely to fall below $40,000 ?
The link at the bottom checks my trading plan.
ETHUSD Start Of Bear Market Or Bullish Consolidat ?Sell $3100-3350
Stop Loss $3650
Target $2800-2900
BTCUSD Trading Plan (Short Term)BTCUSD is back in popularity, so why short it? From technical analysis it can be judged that the price is in the dump of the supply zone, and entering a trade at this price level is worth risking for, although the risk-reward is relatively low, but the win rate is high and the risk is manageable. How would you set up your plan? Leave a comment in the comments section.
The link at the bottom checks my trading plan.
NVDA ChartThe charts give me new inspiration. However, I still need more time for analysis and believe I can develop a trading plan with a higher winning rate.
BTCUSD AnalysisBTCUSD price is in a rebound correction period after a sharp decline, and the foreseeable scenario is that the price will consolidate in the $35,500-39,500 range.
