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XRP Downside Risks 24h & 3D ☁️; Price Recovery in 7 Days? ☀️John Deaton, a pro-crypto lawyer, confirmed that he will run as Republican Senate candidate in Massachusetts against the incumbent Senator, Democrat Elizabeth Warren. “I’m excited for the opportunity to fight for change, and for the people of Massachusetts in the United States Senate,” he said. Deaton represents over 75,000 XRP holders as amicus counsel in the ongoing court battle between Ripple Labs and the Securities and Exchange Commission. The price of XRP fell 3.3 percent to 54 cents over the past 24 hours. Trading conditions for XRP are going to be mixed over the next couple of days. Further downside is forecasted by ATTMO for the next 24 hours and 3 days, with some returning over a one-week horizon. Follow us for more crypto weather reports!
Short
by ATTMO
CARDANO|The start of a new bullish waveHello friends, I hope you are doing well. You can see the popular Cardano currency in the 4-hour time frame. Now it would be a good place for us to have an analysis of this currency. In the daily time frame, it had an eroding downward trend in the form of a descending channel, which has now broken this channel upwards. In fact, it is also considered a flag pattern. In the 4-hour time frame, a descending channel has broken upwards, and an important supply area that has prevented price growth twice has also broken upwards. This is a sign of aggressiveness and significant upward movement. Bitcoin is very bullish and Cardano shows signs of further growth. Look for opportunities to enter buy positions in the demand areas drawn on the chart. The short-term targets are 0.61 and 0.64 , and the long-term target is 0.83.
Long
by Golden_Star1994
Bitcoin & Cryptocurrency Market Update [Feb. 16, 2024]Happy Friday everybody! Bitcoin and Ethereum are quite high at the moment, while altcoins are showing weakness unable to make higher highs. Is this the first sign of a sell off? Bitcoin Weekly Analysis Big picture game plan here is clear. $52-53K is a Low-Volume Node. Price will reject or blast through. If we reject, price will re-test $40K or potentially much lower for the "pre-halving dump." If we close the weekly above $53K however, we will blast on through to $57-58K and we will hang out up there quite a while as it is a High-Volume Node. Traders should stay long. Hedge with options. Hold your spot positions through draw down. Swing longs could be trimmed. Bitcoin Daily Analysis Bitcoin is quite overbought on the Daily. Momentum oscillators are overbought. Laguerre PPO is flashing red warning signs. Not a good time to go long. Trim swing longs, hedge with options, hold long-term positions. Bitcoin Day-Trading Analysis Price swept about $70M in long liquidations on Binance along this morning. Went for another drive down and holding. Break below $51.2K is very bearish. I expect price will move to grab liquidity at $53K. Altcoin Summary ETH - Same as BTC. Breakout will send us to 3600. Breakdown to 1800. Stay long, hedge with options. SOL - Alts look topped out with BTC.D rising. Look for support at $101 or $94. ARB - Topped out. Pullback to $1.78. OP - Topped out. Pullback to $3.20. SUI - Probably topped out. Pullback to $1.60. LINK - Topped. Pullback to $16. BNB - Stay long. MATIC - Stay long. APE - Stay long. XRP - Stay long. APT - Neutral. ADA - Pullback to $0.48. DOGE - Stay long. DOT - Pullback to $6.50. UNI - Unclear.
BITSTAMP:BTCUSDShort
by CrackingCryptocurrency
2
OMUSDT Potential Breakout Structure📊 BINANCE:OMUSDT is currently nestled in the tight base of a Falling Wedge pattern. Keep a close eye on the support level around 0.017, as a critical price to break sits at 0.024. Key resistances and upcoming targets are at: 🎯 Targets: Target 1: 0.036 Target 2: 0.057 Target 3: 0.084 Target 4: 0.123 Regardless of the market situation, remember to use appropriate stop loss. A prudent approach is to set the stop loss below the support zone, with a weekly candle closing around 0.016 as a viable option. Stay vigilant and keep an eye on the charts! 🚀
CRYPTO:OMUSDLong
by ArShevelev
16
$LOOM looks clean… Breakout … Breakout Trading trend line breakouts can be a profitable strategy if done correctly. Here's a general guide on how to trade trend line breakouts: Identify a Trend : The first step is to identify a clear trend in the market. Trends can be upward (bullish), downward (bearish), or sideways (neutral). Draw your trend line connecting the lows in an uptrend or highs in a downtrend. Confirm the Trend Line : Ensure that your trend line touches at least two significant points (lows or highs) to confirm its validity. The more times it touches, the stronger the trend line. Wait for Breakout Confirmation : A breakout occurs when the price breaches the trend line. However, it's essential to wait for confirmation before entering a trade. You can confirm a breakout by seeing the price close convincingly above (in case of an uptrend) or below (in case of a downtrend) the trend line. Consider Volume : Ideally, you want to see the breakout accompanied by increased volume, indicating strong market participation and confirming the validity of the move. Set Entry and Stop-loss Levels : Once you confirm the breakout, set your entry point slightly above the trend line (in case of an uptrend) or below the trend line (in case of a downtrend). Additionally, set a stop-loss order to manage risk. You can place the stop-loss order just below (for long positions) or above (for short positions) the breakout point.
LLong
by Crypto-Adda_Official
FILUSDT Analysis - Waiting for a Price Decline to 4.97 USDTOverview: On the FILUSDT chart, a downtrend is observed, with a key support identified around the 4.97 USDT level, as depicted in the green zone on the chart. Recommendation: It is advisable to await a price decline to the support zone at 4.97 USDT before considering a buying position. This zone appears to be a significant support level, and price history suggests rebounds are common from this level. Key Points: Support Zone: The green zone indicates a key support level at 4.97 USDT. Buying Position: Consider a buying position once the price reaches the support zone at 4.97 USDT. Stop Loss: Use a tight stop loss to manage risk in case of unexpected movements. Risks: Avoid entering a buying position at the 5.14 USDT level, as this could entail higher risks based on technical analysis. Advice: Be vigilant and patient. Wait for confirmation of the price decline to 4.97 USDT before making a buying decision. Utilize tools such as momentum indicators and candlestick patterns to refine your entry. Note: This analysis is based on historical data and past trends; markets can evolve, and it's essential to monitor real-time developments.
Long
by CRYPTO_SETUP
XRP - 20.000% RallyHello Traders, welcome to today's analysis of XRP. -------- Explanation of my video analysis: After XRP has been trading in a triangle formation for over four years, we saw an expected breakout in 2017 followed by a rally of +25.000%. Exactly five years ago XRP then started forming a similar triangle (continuation) pattern and if we see a breakout towards the upside and a break above the resistance mentioned in the analysis, we could maybe see a similar rally. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:XRPUSD
by basictradingtv
8