Educational Post:

What is dollar-cost averaging?

Dollar-cost averaging is an investment strategy that aims to reduce the impact of volatility on the purchase of assets. It involves buying equal fiat amounts of the asset at regular intervals.

The premise is that by entering a market like this, the investment may not be as subject to volatility as if it were a lump sum (i.e., a single payment). How so? Well, buying at regular intervals can smooth out the average price. In the long term, such a strategy reduces the negative impact that a bad entry may have on your investment. Let’s see how DCA works and why you might want to consider using it.

Dollar-cost averaging, of course, doesn’t completely mitigate risk. The idea is only to smooth the entry into the market so that the risk of bad timing is minimized. Dollar-cost averaging absolutely won’t guarantee a successful investment – other factors must be taken into consideration as well.

DOGE analysis:

DOGE is trading in a symmetric triangle and respecting the support and resistance line. The support is $0.078 area and resistance is $0.0825-$0.083 area. We see sideways movement before a breakout. You can open long position near support level with tight stop loss.

SHIB analysis:

SHIB has formed a descending triangle which is a bearish pattern. The support is 1000-1070 (check the zeros) and if this is broken then we see a heavy sell-off. We recommend you to wait for some time before taking any new entry. The resistance is 1150 and a break above this is bearish.

#WRX Analysis :

#WRX fakeout the major support level of $0.19 - $0.22 and started ranging over the major support. Right now, price fipping back to the majot support, so you can have a short-term buy opportunity, once pricr taps the zone. Use small risk here with stops below support.

Bitcoin break the symmetric triangle in downward direction. This is not a good sign as market is losing strength. A break below $29,000 will bring more downfall. Keep tight stop loss in all trades. As expected volatility hit the market on weekend. Don’t overtrade and wait for sometime for better entries.

DOGE break the triangle and now trading below it. We might see a retest of the trendline and then a continuation of the downtrend. You can exit your long position with a small loss or at the breakeven price.

RUNE is unable to hold the $2.78-$2.88 support. This is the reason we suggest you to not open any long positions. We may see a test of the lower support of the $2.30-$2.40 area before the next move. Wait for a test of this area and see how price reacts there. Don't rush for any trade now.

As we already mentioned, not to enter in #SHIB. Price broke below the stronf support zone of $0.00001027 - $0.00001060, which is now turned into resistance. Right now, price retested the zone and moving down. Short-sell opportunity is there, take small risk.

#XRP Analysis :

#XRP is now playing inside the major support level of $0.33 - $0.37. Price is also travelling inside a downtrend channel pattern and expected a bounce from $0.35 mark. Overall, not to look for buys until pattern breaks out. Moreover, we gonna callout if market looks healthy.

#BTC broke below the large symmetrical triangle pattern and dumping heavily. $27,750 will the swing support as of now. Price may take some pullback or corrections. Stay away from market right now.

#SHIB moved smoothly and dropped as #BTC dumps. We already gave singal for a short-sell. If you short-sell #SHIB then trade is running at 16% in profits. Breakeven the trade and took some partials too. Price might continue pushing down.

#XRP broke the downtrend pattern but still hodling above the major support level around $0.33. This is the last level of support for #XRP. After that market have clean traffic to move all way down till $0.25.

#KAVA Analysis :

#KAVA recently rejected from the major resistance level of $2.65 - $2.95. Also, price broke the local support level of $2.26 and may continue to fall. Expecting a drop till major support zone of $1.08 - $1.32. Around, $2.26 can be a potential short-sell area.

Already told you to stay away from the market as price broke the triangle pattern and market was unstable. $24,250 will the minor support level for it. Price will easily broke below that. Don't take any new entries in altcoins as market can still dump more.

Educational Post:

What is fundamental analysis?

Fundamental analysis is a method used by investors and traders to attempt to establish the intrinsic value of assets or businesses. To value these accurately, they’ll rigorously study internal and external factors to determine whether the asset or business in question is overvalued or undervalued. Their conclusions can then help to better formulate a strategy that will be more likely to yield good returns.

For instance, if you took an interest in a company, you might first study things like the company’s earnings, balance sheets, financial statements, and cash flow to get a feel for its financial health. You might then zoom out of the organization to look at the market or industry it’s operating in.

The end goal with this type of analysis is to generate an expected share price and to compare it with the current price. If the number is higher than the current price, you might conclude that it’s undervalued. If it’s lower than the market price, then you could assume that it’s presently overvalued. Armed with the data from your analysis, you can make informed decisions about whether to buy or sell that particular company’s stock.

RUNE broke the downtrend channel. This is not good and we see more downfall in the market. Stay away from RUNE for any long entry. You can open a small short position on a retest of $2 area with tight stop loss.

USDD (Troon network stablecoin) is de-pegging. This is not a good sign and we all know what happened with UST and LUNA. Just stay safe and wait for the dust to settle. Don’t over trade and don’t use high leverage.

Bitcoin dominance is now testing the major resistance area. A break above 49% will bring more bloodbath in altcoins. If Dominance is rejected from here then we see a test of 47% support level. Stay away from altcoins until BTC is stable in a range.

Withdrawals on Bitcoin (BTC) Network Temporarily Suspended

https://www.binance.com/en/support/announcement/8437dfd1c7bf49c2a4bf124bd03b0624

Withdrawals on Bitcoin (BTC) Network Resumed

https://www.binance.com/en/support/announcement/d312178e0fce43c9b8c457a31139f783

Global markets are under pressure and selling is going on. US stock market and Asian stock market hit hard today. Markets are dumping because FED is tightening the rates to control inflation. BTC made a low of $22,600 which is near the 200 weekly Moving Average (MA). This might be the possible bottom and we see a bounce from here. The resistance is now $25,000-$26,000 area and this is the key level to flip. Don't trade in a rush and let the market settle a bit.