Bitcoin Detailed Expalnation Like Beginner GuideBitcoin Short Overview:
As of 3rd April 2023, the current price of Bitcoin against USDT is $28,380. On 17th March 2023, the price entered the $26,592 zone and has been trading within this X-Zone for the last 17 days. The top zone of this channel is $29,185.
It is important to note that the price needs to break out of the X-zone for the next big move. The X-Zone channel support is at $26,592, and the resistance is at $29,186. The trend line support is at $27,700. These parameters should be taken into consideration before entering any trade.
In my opinion, we can see a price of $29,000 today if the price tests the X-Zone channel resistance again. However, it is crucial to keep in mind that if the price fails to break and gets rejected at $29,186, there is a high probability that it will hit $26,592 and $23,887. Therefore, it is essential to set stop-loss accordingly.
A breakout upwards means that Bitcoin is ready for $35,000.
This is a brief explanation about BTC/USDT price analysis. If you find this information helpful, please like, share and appreciate. For more upcoming quality updates, please follow me.
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ARB
INJ/USDT Technical Analysis Chart ( Bullish )Welcome to my technical analysis of INJ/USDT!
INJ/USDT is currently trading at $5.42, and as per my previous analysis, it has completed a 30% down move and achieved its target. I am now expecting some upward movement towards $7.5 from its current level.
A good entry point for this trade could be between $5.20-$5.40, with short-term targets set at $6, $6.5, $7, and $7.5. I recommend placing a stop-loss at $4.86 to minimize potential losses.
As always, it's important to keep a close eye on the market and to prioritize your risk management before opening any trades. Remember, this is not financial advice, and it's essential to conduct your own research before entering any coin trades.
In conclusion, with careful analysis and risk management, I believe INJ/USDT could be a promising investment opportunity in the current market conditions. Best of luck with your trades!
EGLD/USDT Technical Analysis Update ( Bearish Flag )Title: EGLD/USDT Technical Analysis: Bearish Trend Continues, $29 Target Expected
Introduction:
In this technical analysis, we will be discussing the current price action of EGLD/USDT and its potential future movement. Please note that this analysis is for educational purposes only and should not be considered as financial advice. It is always recommended to conduct your own research before investing in any coin.
Current Price Action:
EGLD is currently trading at $40, which is 9% down from the last entry. The coin has been facing a bearish trend and is currently down by 92% from its all-time high of $545. The recent low was at $32.
Technical Analysis:
Based on chart analysis, the bearish trend is likely to continue, and we can expect the price to reach a target of $29. However, if the price manages to break out above the $52 level and sustain above it, the bearish sentiment will end. In such a scenario, the upside target will be $100 to $125 after the breakout.
Conclusion:
It is essential to have a safe trading zone and be prepared with your positions. Never gamble with your hard-earned money and always conduct your own research before investing in any coins. Remember that this analysis is for educational purposes only and should not be considered as financial advice.
Takeaways:
EGLD is currently facing a bearish trend and is down 92% from its all-time high.
Based on chart analysis, we can expect the price to reach a target of $29.
The bearish trend will only end if the price breaks out above the $52 level and sustains above it.
Always trade with a safe zone and conduct your own research before investing in any coins.
Disclaimer: This content is for informational purposes only, and it should not be considered as financial advice. The information provided in this article is based on the author's personal opinion and analysis. Please conduct your own research before investing in any cryptocurrency.
Arbitrum ARB price like a "dark horse". When to buy to win?Another "many promising" project - Arbitrum ARB
There is a lot of hype around the project and a lot of listings, but at the same time, a lot of ARB giveaways and little trading history.
We usually evaluate all crypto projects without a "wow effect" and not through rose-colored glasses). This approach may not give, 1000000% profits every day, but it also saves the deposit from a possible long-term drawdown.
For example, we were thinking along the same lines when APT was priced at $9.5, and we wrote that we were ready to buy it no earlier than $2-4.
Now the crypto market is on the verge of a possible correction, plus an increased supply of ARB from all possible airdrops can be thrown into the market, which can greatly lower the price.
Now we would like to observe the price behavior of ARBUSDT, especially during a possible critical failure of the crypto market.
We have identified the following levels as our assumptions: $1, $0.90, and $0.72, where we will look at the ARBUSDT chart as closely as possible and decide whether it is time to buy or not.
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ARB CAN PUMPINGHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ARB symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
🔥 Arbitrum Falling Wedge Bullish Break OutRecently I made an analysis on ARB and the fact that it seemed to start a new bullish trend after it bounced off a Fibonacci support. Whilst it came close to the target, Bitcoin's bearish price action drove ARB's price further down.
However, it appears that ARB is currently on the verge of breaking out of a falling wedge, which is classically a bullish reversal pattern.
Be patient for the break out to occur. Targets in blue.
ARB Dumping continueARB is setting up a bearish continuation flag on the H1 time frame. We don't see an uptrend right now. This pattern needs a minimum of 3 bearish waves towards the 61% area ($0.83) to complete the pattern before creating a new price pattern. Please update us with this price model, Thank you
ARB USDTGreetings traders, if you find this trade setup appealing, kindly support it by leaving a like and following for more. Based on my analysis, the ARB/USDT pair is showing potential as it breaks out from the hourly descending triangle and is currently in a retesting phase. Consider a long position with low leverage at this point.
ARB Next Movement AnalysisARB is new currency and its difficult to predict there next movement but we predict the NEXT movement on the basis of 1 hour and 4 hour chart , ARB are making FLAGE PATTERN in 1 hour we draw the support and resistance line on the chart, so wait for the breakout and breakdown which is mentioned in the chart.lets see whats happening...
"Just for knowladge, not suggestion"
$ARB - Top 10 Crypto - Target $18+ (15X)Though it's too early to analyze the chart, below are the reasons
Almost 60% airdrop been claimed & dropped 90% from Top
Bids at 1 - 1.5 been ABSORBED
VC tokens will be vested accordingly but as of 10% Circulation supply
Short term Ultra bullish and $ARB could seize a spot in Top 10 Crypto
Target $18+ (15X)
Finally, could #Arbitrum pose risk to $MATIC? May be
ARB SHORT TERM ANALYSISHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ARB symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ARB new to me.If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
So this has just been birthed onto Binance. Because of the lack of context and price action, I would be a bit more leery about it. BUT, its got some Elliott wave looks but its giving me mixed signals, so I just blindly entry one way and hope for thr best...just kidding, I wait for confirmation. The levels, though, seem to be reactive. On the bull side would want to see the PA bust up beyond 1.31 and flip that level to support. Bear side..1.18.
Cheers!