IDEX analysis:

The price has rebounded from the support area, indicating it may move towards the local resistance area. You can either place your buy orders in the support area or wait for a break above the local resistance area to enter the market.

Support Area: $0.047-$0.049

Local Resistance Area: $0.060-$0.062

Here's the Analysis of #INJ :

#INJ is been kept on bouncing from the support zone of $29.8 - $31.1. Currently, price is moving inside the downtrend channel pattern, where could take a breakout from here. In case if it failed to break it, then we can expect it to move lower back to support and that will be a decisional point to take the setup, so until that wait for the clean breakout.

#PRA
#ONE / USDT :

TF : 1D

- The price is in an uptrend on the higher time frame (HTF), and it is currently consolidating over a support zone near the 200ema.

- The price is bouncing from the support zone, indicating that it is anticipated to continue its bullish momentum and test its previous swing high. To manage risk, a stop loss can be placed below the support zone.

Expected Returns : 35%

Plan :
Entry : $0.01558
Target : $0.02146
SL : $0.01286
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Bitcoin has climbed above the $48,000 mark, marking a positive development. However, it's crucial to note that this level serves as a significant resistance zone, extending up to $50,000. Additionally, $50,000 is a psychological barrier for traders. It remains to be seen how the price will respond as it approaches this resistance area.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, gave a rejection from the Resistance but Daily market structure is still bullish at that point. Currently, we've a long huge candle which trying to break and close above the zone of resistance around $46,680 - $47,200. This weekly close is important to us, as it may drive through the next resistance zone around towards $52,400 and a close below will lead into a healthy retracement in the market.

#PRA
#THETA / USDT :

TF : 1D

- The price is currently moving in an uptrend and consolidating over a support zone near the 200 EMA. It is anticipated that the price will continue its upward trend and test its previous high.

- For entry, it is recommended to wait for the price to break out above the $1.049 level. To manage risk, a stop loss can be placed below the support zone.

Expected Returns : 30%

Plan :
Entry : $1.049
Target : $1.360
SL : $0.853
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#PRA
#AAVE is trading near target level . It is advisable to start partial profit booking and secure some gains💰✅ .
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#ADA gave a shallow break of the Resistance zone( Blue Box) but on Daily TF, its a shallow break. Well, still we can consider it a break, as we're bullish at this point, the setup will be a retest back to the support area or slightly below of it.

BONK has rebounded from the support area as anticipated. Our long position has achieved a peak profit of over 40% from our entry point. It is recommended to hold onto the long positions while using a trailing stop loss as we may see a move towards the resistance area, which is the zone for profit booking.

Resistance Area: $0.0000165-$0.0000177

#THETA did gave a shallow break below of the channel pattern and did up an channel/ flag formation. Price action is very choppy at the moment, and a clean break is required either side of the resistance zone or the flag pattern.

What is #MVRV Ratio ?

The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.

The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.

So what does that Indicate ?

#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.

#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.

ADA is currently approaching a significant resistance area. Our long position is currently more than 25% profitable from our entry point. We should monitor how the price behaves once it reaches the major resistance area. It is recommended to either use a trailing stop loss or book some profits at the major resistance area.

Major Resistance Area: $0.588-$0.60

What is #MVRV Ratio ?

The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.

The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.

So what does that Indicate ?

#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.

#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.

Over the last seven years, Bitcoin has delivered an impressive average annualized return of approximately 44%, significantly outperforming other major assets, which have averaged only 5.7% during the same period.

#PRA
#GMT / USD :

TF : 1H

- The price is currently in an uptrend, trading above the 200ema. After the breakout of the 200ema and the previous swing high.

- The price is now consolidating over a support zone near the 200ema. It is anticipated that the price will continue its trend and potentially form a new high.

Plan :
Entry : $0.2523
Target : $0.2612
SL : $0.2465
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Here's the Analysis of #DYDX :

#DYDX is been sharping moving up and in a retracement phrase now, hodling above the strong flip level/ support zone of $2.90 - $2.93. Price almost broke the trendline, showing sign of bearishness, but a bounce is expected towards the resistance area of $3.19 - $3.17 as price is sitting on the structural support zone. Take it as medium risk and in case price flips below the zone, its also a shorting setup.

IOTA analysis:

The current price is being tested against a resistance area, which has resulted in some selling. If the price can break above this resistance area, we expect to see a move towards the $0.35 level. However, if the price is rejected from the resistance area, it will likely drop towards the support area.

Support Area: $0.195-$0.204

Resistance Area: $0.265-$0.275

#PRA
#NMR / USDT :

TF : 1H

- The price is currently in an uptrend and trading above the 200 exponential moving average (EMA). It is consolidating sideways over a support zone. Wait for the price to breakout $24.9 for long entry.

- It is likely that the price will continue its trend and test its previous swing high. To set a target, aim for a 15% return from the current level. As for risk management, it would be advisable to place a stop loss below the support zone.

Plan :
Entry : $24.9
Target : $28.68
SL : $23.18
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Bitcoin is currently trading at a resistance area. On lower time frames, there is a small symmetric triangle that needs to be watched closely to see which side it breaks. The price needs to maintain its local support, otherwise, there may be a test of the $45,000 area.

Local Support Area: $46,700-$47,200

#Bitcoin kept pushing higher and made its weekly closing above the Resistance. Price still unable to break its previous High, which means building up liquidity above, to maximize trapping traders. Anticipation would be a correction in the market near $45,000 - $44,000.

#Bitcoin kept pushing higher and made its weekly closing above the Resistance. Price still unable to break its previous High, which means building up liquidity above, to maximize trapping traders. Anticipation would be a correction in the market near $45,000 - $44,000.