Trendline
Trend lines are probably the most common form of technical analysis in crypto trading.
They are probably one of the most underutilized ones as well.
If drawn correctly, they can be as accurate as any other method.
Unfortunately, most crypto traders don’t draw them correctly or try to make the line fit the market instead of the other way around.
Trend lines are probably the most common form of technical analysis in crypto trading.
They are probably one of the most underutilized ones as well.
If drawn correctly, they can be as accurate as any other method.
Unfortunately, most crypto traders don’t draw them correctly or try to make the line fit the market instead of the other way around.
#BTC/USDT ANALYSIS
BTC is attempting to break out the key resistance level of $21500. It is making it weak in each attempt. Now it is moving in a narrow range between $20400 to $21400.
MACD crossover is showing bullish momentum, and hash ribbons have also given a buy signal after a long capitulation. MA 100 and Ichimoku cloud has broken after a long time. All these confluences are showing bulls are back in action.
We've to wait for a solid breakout of the long descending trendline for the confirmation of a strong bullish trend in the market.
bitmart.tech
BTC is attempting to break out the key resistance level of $21500. It is making it weak in each attempt. Now it is moving in a narrow range between $20400 to $21400.
MACD crossover is showing bullish momentum, and hash ribbons have also given a buy signal after a long capitulation. MA 100 and Ichimoku cloud has broken after a long time. All these confluences are showing bulls are back in action.
We've to wait for a solid breakout of the long descending trendline for the confirmation of a strong bullish trend in the market.
bitmart.tech
COIN — #LINK
LinkChain is fundamentally as strong as Polkadot. Despite the fact this project is rather old, firstly we recommended to purchase one back in 2018, community and team are extremely active.
Talking about technical aspects, there is a support at the $6.15 level. You can safely make a purchase there and wait for the price to pump. There is a plenty of room for a growth.
bitmart.tech
LinkChain is fundamentally as strong as Polkadot. Despite the fact this project is rather old, firstly we recommended to purchase one back in 2018, community and team are extremely active.
Talking about technical aspects, there is a support at the $6.15 level. You can safely make a purchase there and wait for the price to pump. There is a plenty of room for a growth.
bitmart.tech
COIN - #BNB
BinanceCoin, of course. The name of this project speaks for itself and doesn’t need any explanation. Survived many trials and FUDs, has strong team and connections all over the world.
What is more important, there is a clear bullish flag. Moreover, the support of $275 - $280 is very strong. There is a $265 support as well, but it is weaker. Worth buying and hold.
However, don’t expect big gains from this coin. Big and old project for mid-long-term holders.
bitmart.tech
BinanceCoin, of course. The name of this project speaks for itself and doesn’t need any explanation. Survived many trials and FUDs, has strong team and connections all over the world.
What is more important, there is a clear bullish flag. Moreover, the support of $275 - $280 is very strong. There is a $265 support as well, but it is weaker. Worth buying and hold.
However, don’t expect big gains from this coin. Big and old project for mid-long-term holders.
bitmart.tech
🏆 FMCOIN SV (FSV) Trading Competition on LATOKEN!
✅ Trade a minimum amount of 477000000 FSV tokens.
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👉 Join Trading Competition
✅ Trade a minimum amount of 477000000 FSV tokens.
🔥 600 eligible traders will get a share of 11681889000 FSV tokens.
📲 Share with 5 Friends and Follow.
🎁 Distribution will start on 1st February.
👉 Join Trading Competition
DEFI MARKET WEEKLY OVERVIEW
Within the last week, the following changes in DeFi market occurred:
🔹 Total DeFi Market Cap increased by $3.6B up to $47.2B.
🔹 Serum $SRM gained 113% and got 1st place among Weekly Price Gainers.
🔹 DeXe $DEXE Trade Volume increased by 149% and headed the Weekly Trade Volume Gainers.
Within the last week, the following changes in DeFi market occurred:
🔹 Total DeFi Market Cap increased by $3.6B up to $47.2B.
🔹 Serum $SRM gained 113% and got 1st place among Weekly Price Gainers.
🔹 DeXe $DEXE Trade Volume increased by 149% and headed the Weekly Trade Volume Gainers.
💸$KCS Bonus Daily Report - January 20, 2023💸
Trade on https://signup.asia/k
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory course for any loss from such transactions.
#tamilbtc #nammacrypto #crypto
Trade on https://signup.asia/k
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory course for any loss from such transactions.
#tamilbtc #nammacrypto #crypto