CELR analysis:

CELR is in a small uptrend channel on the hourly chart. CELR is now taking the support at the uptrend line near the $0.18 area. A break and close below $0.175 will break the uptrend channel pattern and we see a dump towards the $0.15-$0.154 support area. The next resistance is $0.19 and $0.205 area. You can open a long position here with tight stop loss.

Trading Lesson:

A lot of youngsters trying to approach trading with a fixed daily income approach. Their aim is to earn a fixed percentage every day. This looks very easy on paper but is not a good strategy.

Eg. Their approach is trying to get a 1% return every day. So a capital of $100,000 USD should earn you $1000 every day, assuming 1% would be easy to earn with leverage.

Reasons this will fail:

The Crypto market is highly volatile and if you don't use a stop loss, the market sometimes dumps in double figures.

You will miss big profits just for just 1% (missing a good breakout)

Over-trading will lead to emotional and mental stress.

Not much movement in Bitcoin and this is silence before the storm. A big wave is coming on either side soon. Bitcoin is trading in the range and unable to break the resistance level. The market is very uncertain now, wait before taking new trades.

Educational Post:

What is Metaverse?

The metaverse is a concept of a persistent, online, 3D universe that combines multiple different virtual spaces. You can think of it as a future iteration of the internet. The metaverse will allow users to work, meet, game, and socialize together in these 3D spaces.

The metaverse isn’t fully in existence, but some platforms contain metaverse-like elements. Video games currently provide the closest metaverse experience on offer. Developers have pushed the boundaries of what a game is through hosting in-game events and creating virtual economies.

You can already see some aspects of the metaverse in existing virtual video game worlds. Games like Second Life and Fortnite or work socialization tools like Gathertown bring together multiple elements of our lives into online worlds. While these applications are not the metaverse, they are somewhat similar. The metaverse still doesn’t exist yet. 

Besides supporting gaming or social media, the metaverse will combine economies, digital identity, decentralized governance, and other applications. Even today, user creation and ownership of valuable items and currencies help develop a single, united metaverse. All these features provide blockchain the potential to power this future technology.

The Bitcoin trader sentiment is all time low. This is the lowest value since COVID crash. This shows negativity and fear in traders and this is the time when big players fill their bags. We might see good upward move in coming months as per previous data.

GALA break the descending triangle and also break the support of $0.0775 area. We will see continuation of the downfall in coming days. We might see a test of $0.067-$0.068 area before next leg up. Wait for a test of lower support area to open new positions.

Binance Will Support the Terra Network Airdrop

https://www.binance.com/en/support/announcement/c52fa3c686be4b2b9d5df50de15847ec

CELO analysis:

CELO breaks the downtrend line and now trading above it. The next resistance is $1.70-$1.75 area and we might see a test of this resistance soon. The support is $1.45-$1.50 area and a break below is bearish. The next support is $1.20-$1.25 area.

Yesterday BTC dumped to $28,000 but the candle closed above the support level and which is a good sign. Nothing has changed until the trading range is broken. We will see a massive move coming into the market very soon. Trade with tight stop loss.

Educational Post:

What is coin burn?

Coin burning is the process of permanently removing cryptocurrencies from circulation, reducing the total supply.

A cryptocurrency holder will call the burn function, stating that they want to burn a nominated amount of coins.

The smart contract will then verify that the person has the coins in their wallet and that the number of coins stated is valid. The burning mechanism only allows positive numbers.

If you execute the burn function to burn your coins, they will be destroyed forever. It's impossible to recover coins after they are burned, and thanks to blockchain technology, the proof of burn can be easily verified on a blockchain explorer.

ETH BTC pair broke the support of 0.064 area and tested the major support of 0.06 area. ETH needs to hold the 0.06 support at any cost otherwise we see a heavy dump. Noe the first resistance is 0.064-0.065 area.

#BTC.D unable to break below the support area of 44.57% and strongly bounced. #BTC also dumped and alts too. Next strong resistance level is at 47.40% area. So better wait for the entries in altcoins. A retracement can happen now, so short-term rally doesn't mean reversal.

GALA tested the $0.068 support and slowly moved up from there. Now we will see a test of the $0.077-$0.078 resistance area. If you opened long positions near the support level then increase your stop loss to breakeven price. We might see profit booking near the resistance level. A break above $0.08 is bullish.

UNI analysis:

UNI is now testing the support of the $4.70-$4.80 area. If UNI breaks below this support level, we see a dump towards the $4.00-$4.10 major support area. The resistance is $5.40-$5.50 area and $6 area. You can open a long position here with tight stop loss. We might see a test of resistance in the coming days.

Bitcoin is unable to hold the support level and now trading below it. This is not good for the whole market as BTC is losing momentum. This is no trade zone, the weekend is here and trading volume is dropping. We see a big move on either side very soon. We will see a more clear picture by next week.

Educational Post:

Limit order

When you set a limit order, you choose a maximum purchase price or minimum sale price. Your exchange will automatically attempt to fill the limit order when the market price meets or is better than your limit price. These orders are useful when you have a target entry or exit price and don’t mind waiting for the market to meet your conditions.

Typically, traders place sell limit orders above the current market price and buy limit orders below the current market price. If you place a limit order at the current market price, it will likely be executed in a few seconds (unless it’s a low-liquidity market).

For example, if the market price of Bitcoin is $32,000, you could set a buy limit order at $31,000 to purchase BTC as soon as the price hits $31,000 or lower. You might also place a sell limit order at $33,000, meaning that the exchange will sell your BTC if the price goes to $33,000 or higher.

CELR broke the uptrend channel pattern. We may see a test of $015-$0.154 support. Wait for a test of support for new entries. The resistance is $0.175 and we see a test of this resistance in coming days.

As expected MATIC continues to downtrend. MATIC also broke the $0.0605 support level and now trading below it. The next good support is the $0.50-$0.54 area and we expect a test of this area before the next move. This is no trade zone for MATIC and waits for more downfall. If MATIC is able to break the $0.61 resistance then we look for new entries.

TOTAL2 (altcoin marketcap) broke the falling wedge pattern in a downward direction which is not a good sign. TOTAL2 is now testing the support level and a break below this is extremely bearish for altcoins. The next major support is the $450-$500 billion area.

Binance Will List Terra 2.0 (LUNA) in the Innovation Zone

https://www.binance.com/en/support/announcement/d044a6742e484b77a170111460b0eed3