Here's the analysis of #BAND :

#BAND was trading inside the uptrend Channel pattern and dropped hard as per market movement. Price is hodling above the major support level of $1.818 - $1.875. Setup looks perfect but market isn't. Wait for the market(#Bitcoin) to build support and we can take potential buys after. Alternatively, break below will the opportunity for short-sells.

#Bitcoin slowed down its moved a little bit and slowly moving its way down as expected. Price either take a bounce from that mentioned level or gonna break it. Be alert as soon as price enters that level as it will be a strong decisional point.

How to Draw a Perfect #Resistance Line ?

1. Identify the trend: Look for a series of Lower Lows

2. Plot the line: Connect two or more significant price points using a straight line tool.

3. Extend the line: Project the line into the future to act as a potential Resistance.

4. Confirm the trend: Look for the price to continue to respect the trend line by testing and staying below it.

Note: Trend lines are just a visual representation and are not always accurate, so it's important to use other technical indicators and analysis in conjunction with trend lines. Also, trendline may and may no be prefect to draw, so you've to adjust with experience.

#MAGIC break below the support zone and trendline too. We recommend for shorts in case of break below. Price made a low of $1.370, which us 17.3% in profits. Secure major partials here and rest run with stops at breakeven.

Here is the analysis of #XRP:

Price tapped the support zone and now trading above it. Place your buy orders for long positions in the $0.0372-$0.0378 support zone. A break below this level is bearish and the price may dump to $0.0335 level. The resistance is $0.042-$0.0425 zone.

#BITCOIN WEEKLY UPDATE :

#BITCOIN Rejected perfectly and too precisely from the weekly refined zone. Candles printing lower and in #LTF, making Lower Low and Lower Highs. Now, most probably, #BTC will hit its next weekly level around $20,000 and slightly lower. We've already drawn weekly supports, setup an alert in that area.

#INJ took a easy drop and peaked around 9.5% in profits. I hope you managed the trade as per out call. Currently, price is retesting the zone as resistance, could be the potential opportunity for scale-in, take it accordingly.

#Trading Tip :


When Support and Resistance to be taken into account for entries ?


- If the Market is in Uptrend, then long setups will be high probable, but for the major support area only. Structural support can be use for scale-in or scalping entries.

- Similarly, if the market is in downtrend, then short-sells setup are high probable at the major resistances and as the same, you can use structural resistance for scale-in and entries.

Note : Counter Trend Entries are possible but it could be very risky, as trading against the trade will lead in false trade. Remember, the trend is your friend.

Here's the analysis of #LTC :

#LTC was moving inside the uptrend channel pattern and recently shot below it. Price dropped and respected to the major support of zone around $89.50 - $94.70. Currently, as per market conditions better, wait for the proper indications. On the other hand, if major support breaks, then short-sells can be taken.

#BITCOIN DAILY UPDATE :

#BITCOIN break below the ascending Broadening Formation and dropping. Price is expected to reach out the support zone at $21,150 - $21,400. Support not looks promising, so a break below/ fakeout is expected. The last area of zone will be near about $20,000. Be careful with open position and manage it well.

Wallet Maintenance for BNB Beacon Chain (BEP2) - 2023-02-14

https://www.binance.com/en/support/announcement/f4f798cd1d6f4486a4a998ded460868e

#FUD driving the market 👀

#BUSD also de-pegged a little, keep watching the market, and tighten the stops on open trades too.

Trading With The Trend

#Trading with the trend, also known as trend following, is a objective in trading plan, that involves taking positions in markets in the same direction as the dominant trend. The idea behind this, is that trends in the market tend to persist and that following the trend can lead to higher profits than attempting to predict market reversals.

#Traders who follow this strategy typically use trend analysis #tools, such as moving averages or #trendlines, to identify the direction of the trend and to make decisions about when to enter and exit trades. This can involve taking long positions when the trend is #bullish and short positions when the trend is #bearish.

It is #important for traders to have a well-defined #risk management plan in place to mitigate these risks and to have a solid understanding of the #markets in which they are trading. Additionally, traders should be aware that trends can change and be prepared to adjust their #positions accordingly.

Here's the analysis of #ADA :

#ADA was moving good and bend just before the major resistance area of $0.416 - $0.423. Currently, price is dropping due to market circumstances and expected to reach out the strong support zone of $0.317 - $0.326. Until then no setup for now and in case of deeper retracement, short-sell possible at structural resistances

#Bitcoin started ranging just above the major support level, price barely printed a new LL on Hourly TF. Price looks too much corrective while going down. Still, eyes on $21,070 - $21,300. Anticipating a reversal from there and in case of break, bearish trend might continue.

Well, these days, market impacted great over the past few weeks. But we should consider everything in account and see that, over-all market conditions entering in fear state due to some fundamentals news and #FUDS. Technical indicates that, price above $20,000 and $21,000 is well and good. We already recommend to tighten the stops and wait for the market to settle down.