#Crypto
El Salvador made Bitcoin legal money to help its economy grow. But, new studies by expert economists show that using Bitcoin there is facing problems and not everyone in the country is happy to use it.
El Salvador made Bitcoin legal money to help its economy grow. But, new studies by expert economists show that using Bitcoin there is facing problems and not everyone in the country is happy to use it.
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#ENS
According to the general trend of the market, it is possible that the price will decrease again to the support level of $15.10 - $16.30 , and then if it can break the dynamic resistance, it can grow again to the price of $28 .
According to the general trend of the market, it is possible that the price will decrease again to the support level of $15.10 - $16.30 , and then if it can break the dynamic resistance, it can grow again to the price of $28 .
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#BAKE price has reached the support level of $0.2720 - $0.3100 in the 4-hour TF , and if this level is broken, the next support is $0.1750 - $0.1630.
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February tends to be a favorable month for #Bitcoin, showing a notable seasonal pattern with positive returns in 7 out of the last 10 years and averaging at +8%.
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The price of #Bitcoin is in a very bullish channel in the daily time frame, and considering that it could not break the $50,000 level, there is a possibility of a price decrease to $38,000.
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#API3
The price has reacted to the resistance level of $3.500 - $3.300 for the third time and if it fails to break it, it will probably decrease again to the dynamic support.
The price has reacted to the resistance level of $3.500 - $3.300 for the third time and if it fails to break it, it will probably decrease again to the dynamic support.
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The price of #OPTIMISM is still above the support of $2.920 - $2.820 . It seems that the price reduction will continue and the price will decrease to $2.270 .
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#NEONUSDT analysis-
After giving first breakout and retest and price goes into accumulation and formed based i.e. support before giving breakout.
After giving second breakout, price increased more than 300% from the second breakout level.
Price already taken support i.e. called FTB (first time back) which is shown in the chart.
1-If the price gives breakout above the swing high zone which is mark as red line and shown in the figure then we can initiate the buy entry. It can potentially move up more than 185% from the breakout level.
2- If price comes again to the support zone then we can initiate the entry around the support zone.
ENTRY 1-1.3826-1.3830
ENTRY 2- 0.9500-0.9550
SL- Below support zone i.e. around 0.6900-0.6999
TARGET- around all-time high i.e. around 3.98
After giving first breakout and retest and price goes into accumulation and formed based i.e. support before giving breakout.
After giving second breakout, price increased more than 300% from the second breakout level.
Price already taken support i.e. called FTB (first time back) which is shown in the chart.
1-If the price gives breakout above the swing high zone which is mark as red line and shown in the figure then we can initiate the buy entry. It can potentially move up more than 185% from the breakout level.
2- If price comes again to the support zone then we can initiate the entry around the support zone.
ENTRY 1-1.3826-1.3830
ENTRY 2- 0.9500-0.9550
SL- Below support zone i.e. around 0.6900-0.6999
TARGET- around all-time high i.e. around 3.98
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🇺🇸 U.S. Treasury Secretary Janet Yellen is set to address the House Financial Services Committee, where she will emphasize the risks associated with #cryptocurrency platforms and #stablecoins.
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#OPUSDT analysis-
OP is forming ascending triangle pattern, if it gives breakout then it has potential to move up as shown in the chart.
ENTRY- between 3.3-3.310
SL- 2.915
TARGET 1- 3.627
TARGET 2- 4.117
OP is forming ascending triangle pattern, if it gives breakout then it has potential to move up as shown in the chart.
ENTRY- between 3.3-3.310
SL- 2.915
TARGET 1- 3.627
TARGET 2- 4.117
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#Crypto Assets To Be Seized By Spanish🇪🇸 Treasury In New Tax Reform.
According to local reports, the Spanish Ministry of Finance is looking to implement a new tax reform to expand its control over the monitoring of #cryptocurrencies and the digital assets sector.
According to local reports, the Spanish Ministry of Finance is looking to implement a new tax reform to expand its control over the monitoring of #cryptocurrencies and the digital assets sector.
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#DOGE
The price has broken the downward trend line and tested it again. Now the price is between the support of $0.07500 - $0.07600 and the resistance of $0.08650 - $0.08800.
The price has broken the downward trend line and tested it again. Now the price is between the support of $0.07500 - $0.07600 and the resistance of $0.08650 - $0.08800.
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The price of #DYDX is completing the Bullish triangle pattern, when it can break out of the triangle and break the dynamic resistance, it can grow to the price of $5.
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Significant Cryptocurrency Unlock Events Scheduled for February
February's Token Unlock Calendar 📅:
- $CYBER: 2.35 million tokens valued at $17 million
- $ACE: 2.34 million tokens valued at $20 million
- $ALPINE: 7.36 million tokens valued at $15 million
- $FIDA: 26.6 million tokens valued at $7 million
In total, 38.7 million tokens will be released, with a combined value of $59 million.
February's Token Unlock Calendar 📅:
- $CYBER: 2.35 million tokens valued at $17 million
- $ACE: 2.34 million tokens valued at $20 million
- $ALPINE: 7.36 million tokens valued at $15 million
- $FIDA: 26.6 million tokens valued at $7 million
In total, 38.7 million tokens will be released, with a combined value of $59 million.
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#UNI price has broken the downtrend line and tested it again, according to the overall market trend; It is possible that the price will drop to the support level of $5.550 - $5.800
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