Crypto Magazine

Today I would like to start with a review on #XRP💰 The asset is moving in a symmetrical triangle, the exit from which is always something unpredictable , but given the current position of the market and BTC in particular - we can safely assume that the lower boundary of the triangle will be broken, after which there will be a withdrawal of liquidity from the 3rd lot, which will entail the activation of my last buy order. After the fall is over, I expect to see a rebound followed by trading in the price accamulation zone(0.5900-0.5730$). Due to this, a huge number of local stops will be collected, which in turn will serve as a good fuel for the continuation of growth. The nearest target from above is the level of 0.6175$, a little higher at 0.6630$ is the resistance, to which the price will have to reach. The main target is still the local high located at $0.7500. In general, the asset looks quite attractive.

Congratulations to everyone on the start of a new trading week! It's time to take a look at the current situation on #BTC 💰 The sun has not had time to rise above the horizon, as Hong Kong announces the approval of spot #BTC/ETF - the market reacted to this news with a logical growth, which certainly can not but please. In the last review I analyzed the variant with a deeper correction to the main support zone at $62988. On this topic I wrote the following: I expect the price to descend at least to the support zone located at 62988$ and in case we don't get an instant buyback, the fall may continue. We fell to the support zone as expected, even broke through it by collecting a huge shelf with liquidity at the local low ~60800$. After that we got the necessary for growth instantaneous buyback. This fall extended the boundaries of the bullish triangle, which gave us the opportunity to count on the continuation of growth. The nearest resistance zone is the level of 62988$, I think the price will test it soon and in case it manages to make a breakdown with the subsequent consolidation, we can safely expect the continuation of growth. Taking into account the presence of support zones from below and positive news background, globally I am in favor of growth, but locally we can still fall a bit to knock out the weak hands from the chart.

#SUI 💰 Already more than once made a review on this coin, it has always pleased us with a good profit, I think today's thoughts will not be an exception. The asset has fallen from its peak of $2.1829 by more than 30% of net movement, changing its local bullish trend to a bearish one. This is evidenced by the downward slope and the local lows that have already been updated more than once. The global trend is still upward despite such a "bloody" correction. At the moment the price tested the trend line, after which it got a rebound and got into the accumulation necessary for the continuation of growth. I think that the price will manage to reach the strong resistance level of $1.7347without much trouble , after which a breakdown is quite possible and pushing the asset between the trend line. Ideally, in the next 1-2 months, we would like to see a complete filling of the 4-hour imbalance located at $2. 0437-2.0670 and an ATH (all-time-high) update at $2.1829. Our plans can only be hindered by the imminent halving of #BTC, before which all longs are always shaved off, so my advice to you is to buy spot for now and leave the volume for more!

#BTC💰 Friends, I hope everyone is safe after yesterday's correction? I would like to start the review by analyzing the main reasons for the asset's downfall. The first thing to pay attention to is the news background, which was the catalyst for the entire fall, now I will explain how it happened... Trading volumes on centralized crypto exchanges have fallen to historic lows - bets are done, no more bets! The rest of the traders sat on futures, long bitcoin with 10-30x leverage. After the news release, the market began to fall, and due to lack of liquidity and limit buy orders, long-squeeze occurred. Longs started to close one after another like falling dominoes..... In general, I don't see much sense in getting upset. Globally, the price is still in a bullish triangle. If the upper boundary of the triangle is broken, it is quite possible to see the continuation of growth with the removal of the main targets, both at the local top ~72797$, and at ATH (all-time-high) ~73777$. The option with a deeper dive should definitely not be cast aside. In case of a breakdown of the lower border of the bullish wedge, I will expect a descent at least to the support zone located at $62988. Going to this zone will already indicate a bearish mood and if we don't get an immediate buyback, the decline may continue.

#OP 🩸 The asset has seen over 300% net movement growth in a few months, while completely avoiding any deep corrections, limiting itself to only the short-term sideways movements necessary for continued growth. The recent decline from ATH $4.865 is the deepest correction in recent memory. The current price position on the chart is quite flimsy. The asset has tested the sloping support level and hovered right above it. In case of breakdown, the way to 2.5-1.5$ will be completely open and we will have to think only about the depth of the upcoming correction. Of the interesting support zones, 2 orderblocks stand out the most : 2.480-2.110$ 1.920-1.630$ Inside them there are also completely unfilled imbalances ~$2.279 and $1.861, overlapping of which is quite an important task for the price. The #OP should be viewed with optimism, so it would be a mistake to exclude the growth option from the current levels. There are also enough zones of interest from above, the closest ones are two 3D imbalances located at $3.564 and $4.115. Liquidity at ATH 4.865$ is the main price target!

#BNB🔸 I believe that #BNB is the best asset at the moment, if we draw an analogy with Bitcoin, then buying #BNB now is compared to buying Bitcoin around $15-17k in the winter of last year, and now I’ll tell you why: The asset has been in accumulation for a year and a half, starting in the summer of 22, after a sharp fall, we did not see an exit beyond the level of $334, where a huge supply is concentrated, as a rule, based on the mechanics of the market, the longer the accumulation goes on, the stronger the upward impulse will be, because this is its a kind of spring that charges more and more every month... a year and a half... 500 days, enough to charge the spring called #BNB to the limit. Assets such as #SOL and #ETH have already broken through their resistance levels and have shown strong growth, which cannot be said about #BNB, which is always catching up with them, since 2021 I realized that #ETH comes first, then #BNB, I’m sure this time it will be exactly the same. Powerful fundamental - #Binance is the largest exchange on the planet in terms of trading volume, and is far ahead of all other exchanges, Binance has proven its resilience, the ability to fight with regulators (negotiate) and withstand any information and technical attack... it is truly unsinkable an exchange with a real product and the most convenient interface, that’s a fact. Stimulation of purchases by the largest exchange, as already mentioned in point 3 - Binance is the largest exchange in terms of trading volume, so it is very easy to force users to start buying #BNB under various pretexts, starting from a reduced commission in a token, ending with staking at 20-30 % per year, it’s a matter of time before they start downloading the token and pouring billions of dollars into it. The working BNB Chain network, I won’t say much here, I’ll just say that the commissions, as well as the speed of the bep-20 network, are in the list of leaders, ahead of Ether and Solana, this is a very strong fundamental factor that will affect the price at the time of transition to WEB 3.0. At the moment, I see a goal in the region of $1060 - $1500, this is what we will see very soon, however, more global goals are much higher than $3000, and I believe, given the capabilities and finances of #Binance, the price of #BNB will very soon be in space, and then don’t say you weren’t warned. This concludes my analysis, I hope this information was useful and will help you earn a lot of profit.

Support zones #BTC💰 and #ETH🔹 show filigree workout! On Bitcoin: yesterday's market decline knocked the price out of the "expanding ascending wedge", a false breakdown was formed, followed by a retest and a return to the pattern. Our wedge has become even wider, as we can draw a slope along the new-found low, which will be no less valid support zone than the previous one. In general, I continue to wait for the growth of the asset to the upper boundary of the wedge, where a huge amount of liquidity is concentrated, after the removal of which it is quite possible to react in shorts. On Efirium: immediately after testing the strongest support level at $3419, the price got a reaction and reversal into longing. In just a few hours, the asset added ~4% to its value, which is just a great result for the current market.

#DYDX✖️ The analysis will be held on a familiar and somewhat native for us daily chart. Turning to it we can see that the price successfully removed our 1st limit buy order, then got a reaction and bounced. A pattern called "Rectangular Triangle" has formed, which is a reliable formation that does not depend on the duration of a particular trend. The upper horizontal line forms a resistance level that is continuously being tested by buyers. As a rule, as the trading range narrows, the volume decreases, and the peak of activity falls on the true breakdown of the resistance level. Among the targets from above we would like to emphasize the local high($4.528) and the strongest resistance level($3.693), from which the price has reacted more than 3 times. At the moment it is quite possible to see growth from around the current values, the only embarrassment is bitcoin, which looks short. In this case, we have 2 more limit orders to pick up, so even with a deeper dive, there is nothing to worry about!

Local prospects of #BTC💰 correction I think no one has any questions about the global growth targets, but we need to deal with the correction. The recent breakdown of the upper boundary of the global "Symmetrical Triangle" opened new horizons for the fall, and this is what we will talk about today. Let's turn to the hourly chart of the asset. On it we see the formation of the "Expanding Rising Wedge" which isoften a harbinger of a deeper market correction. Panic and run to sell your spot portfolio right now is clearly not worth it, because the wedge is not yet considered complete, which means that we will still have to see a good growth, before which it is quite possible to spill to the lower boundary, which is the resistance zone at 69541-68849$. From there I expect to get a reaction and continuation of growth, or going sideways. As a whole, locally I continue to believe in growth and greening of the market. But globally, after halving, I expect a descent and sideways.

#ETH 🔹 To understand the current global picture, let's turn to the daily chart of the asset. On it, we see a very similar formation to Bitcoin - the "Converging Triangle". The situations are similar, but not mirror-like. Compared to #BTC, Ethereum has not broken the upper boundary of the triangle, which means that it can still swing from side to side. 📉From below, we would like to highlight TWO strongest support levels, from which the price has already reacted more than once. 1st $3,419; 2nd $3,204. In case of a deeper dive, they are the ones that will keep the price at acceptable levels. In general, I consider the variant with price plunge and breakdown of the lower boundary of the triangle, followed by reaction from the 2nd support level. The market has not yet fully unloaded, so I consider this scenario to be the most viable. From above from the targets we have two local tops - $3730 and $4093.