ETC Analysis

🔸ETC has nearly bounced off the support zone in the daily time frame, which is located between $13.55 and $14.20.
🔸Currently, the price is hovering below the resistance zone between $20.80 and $21.65.

🔸It is a critical time for the price as it will either reject from this resistance zone or breakthrough and close above it, potentially leading to an upward movement toward $26.50
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Today's Thoughts
43 out of 100 top global brands have already tippy-toed into web3, in loyalty and NFTs

BTCUSDT 2H

வார இறுதியில் ஆதரவு பகுதியில் பக்கவாட்டாக பிறகு. தற்போது BTC 17,270-17,420 என்ற எதிர்ப்பை நோக்கி செல்கிறது

நிராகரிப்பு இருந்தால் அந்த பகுதியை கண்காணிக்கவும்

when Altcoins Pump & Dump happen

https://youtu.be/ELya27yDAJM

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🔸There has been an increase in on-chain activity on the Solana blockchain, particularly in the use of non-fungible tokens (NFTs). This activity appears to be organic in nature, rather than being driven by external factors.
@nammacrypto @tamil_btc

Bitcoin broke the resistance area and we may see a possible retest of this zone before next move. The major resistance is $18,000 level and a break above this is extremely bullish. We will see continuation of upward movement in altcoins if BTC holds above $17,000 level.

🇺🇸 According to BlackRock, a recession, which is expected in the second half of the 2023 calendar year, is necessary.

According to the company's forecasts, in order to reach the estimated non-inflationary level of GDP by 2025, a fall in US GDP by 2% is necessary.

Crypto Total Mcap Update:

🔸The cryptocurrency market has recently seen an increase in value, with the total market capitalization rising from around $745 billion to test the resistance at the $844 billion level.
🔸Despite this increase, the market has remained relatively sideways and has not seen any significant trend in either direction.

TRADING TIP OF THE DAY

Trading local H&S (Head and Shoulders) Pullbacks:

1) Watch out for the patter in Lower Time Frames
2) Ladder in your position (Due to stop hunts)
3) First retests are generally stop hunts, and not reversals

Nammacrypto.com