NammaCrypto ₿ நம்மகிரிப்டோ
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Tamilnadu Crypto News
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By @tamil_btc
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ADA analysis:

ADA is trading in the broadening channel and the price continues the uptrend. The support is $0.36-$0.37 area and this is the zone for new entries. The resistance is $0.41-$0.42 area and a break above this will send the price toward $0.49-$0.50 resistance.
The current demand for Inscription transactions has sent the Bitcoin Transaction Count Momentum to its highest level since Jan 2021.

The rapid ascent in Transaction Count reflects a significant increase in network activity, as demand for on-chain transactions begins to return.
FTM analysis:

FTM bounced from the daily candle support area. The major resistance is the $0.65-$0.68 area. If you have open long positions then increase your stop loss to the buying price. The local support is $0.45 and major support is $0.40 level.


📣MEXC New Futures M-Day Will Launch Trading Round with 156,666 HYCO at 06:00, Feb 22 (UTC)

Ticket Claim Period: 06:00, Feb 22, 2023 - 06:00, Feb 23, 2023 (UTC)

👇🏻How to participate:
Users who trade any USDT-M futures trading pair on MEXC prior to the end of the ticket claim period with a minimum futures trading volume of 20,000 USDT will be eligible for the lucky draw. The larger the trading volume, the more tickets the user can claim.

Signup.asia/mexc
Bitcoin is worth more than Visa.
Hong Kong zone is now available on Web and App.
signup.asia/mexc
Top-11 Polygon Ecosystem PJTs by 30-D RTVI*

30-D RTVI (Relative Trading Volume Increase) shows how much Trading Volume within the last 24H has increased as compared with the average Daily Trading Volume within the last 30 days.
Top-11 Yield Farming PJTs by Relative Liquidity Ratio (RLR)

RLR is a 24H Trading Volume to Market Cap ratio. The higher the ratio, the higher traders' interest in the Token and token liquidity. A high RLR ratio may potentially lead to an increase in the token price.
#BabyDoge, NvirWorld Leading The Charge In Meme Tokens And Altcoins.

The cryptocurrency market has been extremely volatile in recent years, with periods of sharp price increases followed by unexpected drops.

https://coingape.com/babydoge-nvirworld-leading-the-charge-in-meme-tokens-and-altcoins/?utm_source=cgtelegram
#Educational

Trading plans

It can help you to take the emotion out of decision making by setting out the parameters of every position.
How and when you should enter and exit trades.
Trading plans include a personal motivation for taking a position, the time commitment you want to make, and the strategies you’ll use to reach your goals.
#Educational

We have some candlestick pattern which are widely used by the trader inside those technical chart pattern just to add extra confluence to it.
Distribution of #ETH staking by validator pool
Bitget is preparing to apply for a crypto trading license in Hong Kong.
#Educational

Stop-loss and limit orders

When trading with us, you can Set stop loss and limit orders to automatically close your positions at market levels you choose.
A stop-loss caps your risk by closing your position when the market reaches a position that’s less favourable to you.
Basically, by using a stop loss , you’re establishing the maximum amount you stand to lose if the market moves against you.
#Educational

What is Engulfing Candlestick Pattern ?

#Engulfing candlestick pattern is a popular candlestick pattern used in technical analysis to indicate a potential trend reversal or continuation. It is formed when a smaller candlestick is completely engulfed by the body of a larger #candlestick that follows it.

There are two types of Engulfing Candlestick patterns:

1. Bullish engulfing pattern: This pattern occurs when a small #bearish candlestick is followed by a larger #bullish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bullish signal, indicating a potential reversal of a #downward trend.

2. Bearish engulfing pattern: This pattern occurs when a small #bullish candlestick is followed by a larger #bearish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bearish signal, indicating a #potential reversal of an upward trend.
Alchemy Pay adds Google Pay for on-ramp fiat-crypto purchases
The Chinese central bank injected $92bn #USD into the market on Friday!

This easily outpaces the Fed’s current QT.
#LDO , During the good growth it has made, but it has not yet reached the ceiling of its ascending channel, the growth will continue until it fails to break the dynamic support.
#NEO has a very important resistance in the area of ​​13.20-12.20 dollars. And considering the upward movement it has had, we expect it to move another step and reach resistance.