Solana solana broke the structure of the downtrend 'on the demand zone' if btc go up solona will go higher wait for btc breaking last resistance then enter your long positions
Cryprtocurrency
$LUNA is down. Bad for you. Good for KWONWe've all seen the article and I'll post a link below but heres my view. and yes I am COMPLETELY biased thinking this is a BIG BROTHER banking type move to make money.
The article
news.bitcoin.com/stablecoin-implosion-luna-and-ust-lose-significant-value-downturn-ripples-across-the-crypto-economy/
My thoughts:
Personally I thin it's a ploy to drive the drive extremely low while gaining massive popularity with this token. I think the "devil is in the details" of this article. It was said I think in the second paragraph.
"First, we endorse the community proposal 1164 to Increase basepool from 50M to 100M SDR *) Decrease PoolRecoveryBlock from 36 to 18 This will increase minting capacity from $293M to ~$1200M,” the Terra co-founder added."
If course u want to mint more to sell more but the more u have minted without active investors per coin or share, then the total minted becomes worth-less. That is until "the troubles" are resolved and the price has room to increase.
As noted in the article, Keon and other major players at the top already have large reserves but at that point they had reserves of a limited supply of a commodity.
Business rule 101:
Create so.ething that everyone wants as long as u have control of its value. If you cant co trolls the value, then create an intrest.
If you cant create intrest, then scare the ppl who own it into thinking itll be worth more.
But if everyone already has one, then you'll need to create more to gain more investors because ur current investors are maxed out.
Ethereum/USDT
This i s our analyze ETH/USDT make sure you check what happen because RSI is goin to diversion
bitcoin bitcoin to 31000 and 27000 soon ; we had an amazing analysis before hits our tb with more than 150000 pips have a look below on it + our analysis on ethereum running really great we are killing the market
educational publicationcrosses pairs
Crosses pairs are the pairs that do not contain the US dollar such as EUR/GBP
It consists of the product of two pairs, EUR/USD and GBP/USD.
To make it more clear, we can assume the following example:
If strong economic data comes out of Australia, to support the Australian dollar you may want to buy the Australian dollar.
Your first reaction may be to buy AUD/USD, but what if at the same time recent data also shows that the US is experiencing strong economic growth? AUD/USD price movement may be flat.
One of your options is to match the Australian dollar to the currency of an economy that is not doing well. What can you do?
Let's say you do some analysis and notice that the Japanese economy is not doing well now, of course you would jump for this opportunity and go buy AUD/JPY.
In the below chart, notice the relative strength of the AUD/JPY pair against the AUD/USD.
But you are not limited to these currency pairs only, you can compare the Australian dollar against such as the euro, the pound sterling, the Canadian dollar and so on, where you can search for the weakest currency to trade against.
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BNB Next PlayHey,
I think this is going to be played soon by BNB.
be sure to take profits at the level you think is the resistance and invest again at the level of support.
Cheers.
LUNAUSDT | Short/SellMy Argument:
1. Wave B correction was finish
2. RSI Divergence
3. Double top Pattern
4. Break the support trendline
Note
You can use fibonacci or the trendline as the profit level
DOGECOINTrade on break of either side.
But there are more chances of breakdown.
Stay connected will update the progress.
Comment for query.
$BTC.X target much higher before a pullback$Bitcoin breakout with a confirmation and inside bars are calling for more highs before a pullback retest. The next target is 13900 and the strong support at the moment is 10500.
BTCUSD H1 Sell Zone Gartley CompletionBearish Gartley completing within my Supply Zone for the BTCUSD.
It coincides with 4000 psychological level and also completes AB=CD.
Have many reasons to take this level for a shorting opportunities.
For added confirmation, can look for RSI Overbought and reversal candles.
SL: 4018
TP1: 3975
Tp2: 3939
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