ETH/USD Tests 1447 Technical Resistance: Sally Ho's Technical Analysis 1 March 2021 ETH

Ethereum (ETH/USD) extended gains early in today’s Asian session as the pair appreciated to the 1453.63 area after trading as low as the 1292.76 area in the North American session, with the interday low representing a test of the 50% retracement of the appreciating range between 551.45 and 2041.42.   Chartists observe the intraday high represented a test of the 23.6% retracement of the depreciating range from 1564.11 to 1411.11.  Stops were recently elected above various retracement levels during the recent recovery higher, including the 1633.50 area that represents the 61.8% retracement of the depreciating range from 1805.03 to 1356.  Stops were elected below many downside retracement levels during the depreciation last week, including 1773.22, 1747.24, 1722.31, 1702.67, 1656.37, 1607.31, 1585.49, and 1540.52. If ETH/USD extends its recent depreciation, potential technical support includes 1285.87 and 1205.96.

Stops were also recently elected above the 1930.40, 1957.36, and 2017.05 levels during the appreciation, areas related to historical buying pressure around the 215.16, 370.50, and 176.43 areas. Stops were also recently elected above upside price objectives including the 1711.20, 1716.45, 1733.12, 1750.63, and 1805.21 levels, upside price objectives were technically significant on account of buying pressure that originated around the 148.08, 310.79, 439.77, and 123.72 areas.  If ETH/USD is able to extend its upward gains, additional upside price objectives include the 2080.48, 2134.98, 2150.66, and 2210.42 levels.  Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

Price activity is nearest the 200-bar MA (4-hourly) at 1639.50 and the 50-bar MA (Hourly) at 1432.28.

Technical Support is expected around 1285.87/ 1205.96/ 1128.29 with Stops expected below.

Technical Resistance is expected around 2080.48/ 2134.98/ 2150.66 with Stops expected above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

Disclaimer: This trading analysis is provided by a third party, and for informational purposes only.

📈 FUTURES CALL (BINANCE)

COMP_USDT_LONG

ENTRY: 429.3

MAX 5x LEVERAGE

TAKE PROFIT 433-435-440

Stop Loss :- 420

1Inch

1inch is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. The big news from 1Inch is that it has migrated to the Binance Smart Chain (BSC), to take advantage of the throughput and low transaction fees.

This new migration is bullish seeing projects on BSC have better sentiments from the Binance community. 1INCH may see a new inflow of funds this week in a bid to soar beyond its all-time high of $6.31 set about 24 days ago.

ADA

Cardano has been in the space for a while compared to other decentralized protocols and the network recently upgraded its network and initiated a hard fork. This is in a bid to compete with the Ethereum Network as Cardano looks to roll into a new world of decentralized finance capabilities. Following these upgrades, ADA may spike to new highs as it has been doing the past week, a move that earned it the position of the top 3 crypto by market cap.

PancakeSwap

PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. The protocol has gained massive traction since it went live about 4 months ago. Today, PancakeSwap is one of the top decentralized exchanges, and CAKE, the network’s native token, is seen as undervalued compared with its pairs, Uniswap and SushiSwap. With new room for growth, CAKE may pull new price discoveries in this coming week and beyond.

Hit 2 nd target 🎯

Near to 3rd target 🎯

Hit 3rd target 🎯 💵💵

📈 #FUTURES CALL (BINANCE)

SNX_USDT_LONG

ENTRY: 20.180

MAX 5x LEVERAGE

TAKE PROFIT 21-22.5-24

Stop Loss :- 18.00

#SPOT CALL (BINANCE)
AVAX_USDT
ENTRY: 26.73$
First target 🎯 : 27.5
Second target 🎯 : 29
Third target 🎯 : 31
Take Profit at your time ⌚

#SNX hit first target 🎯
Second target will hit nearly

#AVAX hit first target 🎯 🤑

#AVAX hit second target 29.00$, on today early morning

South Korean Government Will Levy Taxes On Bitcoin Capital Gains Starting 2022

According to South Korea’s amended income tax law, cryptocurrency investors will pay 20 percent tax on profits from digital currencies.

As cryptocurrencies continue to pick up steam and encompass the features of regular asset classes, governments have likewise imposed taxes on capital gains from digital currency. South Korea is the latest country to adopt this initiative. Its Ministry of Economy and Finance said it will levy taxes on cryptocurrency profits from next year.

The South Korean government is going ahead with its proposal to tax cryptocurrency returns after several reconsiderations. A local news agency, Yonhap reported in December that the National Assembly’s Planning and Finance committee deliberated on the amendment of income tax laws and individual consumption tax laws.

As part of the income regulatory initiative, cryptocurrency traders and investors are mandated to pay 20 percent if they earn more than 2.5 million won (almost $2300 at the present exchange rate) from bitcoin and other cryptocurrencies. Gains below 2.5 million won will not be taxed. The law was initially scheduled to be implemented in October this year, but it will now be enacted in 2022.

#AVAX hit 2nd target 🎯 and also near to 3rd target

#SNX hit 2nd target 🎯 and near to hit 3rd targets

#AVAX hit all targets 🎯