CLVUSDT lying above horizontal demand zone on daily time frame with falling wegde pattern formed and MACD indicating a strong bullish crossover. Expecting a strong move from here as breakout is confirmed so get in with your entries for quick profit in short term 🚀😊

Targets mentioned in the above chart

Stop if 1D close below $0.08300

XLM analysis:

XLM is hanging between support and resistance level. The support is $0.102-$0.105 area and the resistance is $0.126-$0.130 area. You can trade in this area with tight stop loss. A break below $0.10 is extremely bearish, keep this in mind.

Buying more #CLV here on retest price can jump anytime🚀

BAT analysis:

BAT flip the level of $0.43-$0.44 area and now it work as support. The next resistance is $0.495-$0.50 area. You can place your buy order near $0.44 level and use tight stop loss.

Bitcoin breaks the symmetric triangle in the upward direction and this is a good sign for the market. BTC is now moving towards the resistance of the $23,000-$24,000 area. A break above this zone is bullish and we see a move towards the $27,000-$28,000 area. The local support is $21,500 area.

RUNE testing the resistance area and we might see rejection from here. You can open a short position with tight stop loss. We will see a test of the $1.85-$1.90 area.

SUSHI moving up from the support and we hope you bought SUSHI near the support area. You can increase your stop loss to $1.00 and hold this trade. The next major resistance is $1.31-$1.37 area.

Educational Post:

What type of crypto wallet should I use?

Choosing a crypto wallet depends on your needs. Security, custodianship, and interacting with smart contracts are key points to consider. You also may want to access your wallet on different devices.

For browser extension wallets, MetaMask, MathWallet, and Binance Chain Wallet are good options. If you prefer a mobile experience, MetaMask, MathWallet, Trust Wallet and SafePal are available for iOS and Android. They’re decentralized and store your private key on your device. SafePal also offers a cold storage hardware wallet for anyone looking for the highest security. Apart from the hardware version, all crypto wallets mentioned are free to use.

Types of Wallets

1. Custodial - The wallet provider holds your private key. This is the case with your digital assets in an exchange’s wallet. Without owning your private key, you aren’t entirely in control of your wallet. Likely, you won’t be able to connect to DApps either. For example, if you only want to spot trade BSC tokens and other cryptoassets, a custodial wallet is a reasonable choice. But be careful. While this is safe to do on Binance, you should not trust your funds to any custodial wallet or exchange.

2. Non-custodial - You own your private keys. It’s the safest option for most traders and investors, as long as they take good care of their keys and seed phrases. The wallets we’ll cover later are all non-custodial options that allow you to interact with DApps.

3. Hot wallets - These crypto wallets are connected to the internet and are typically non-custodial (unless you’re using a centralized exchange). Hot wallets are convenient for making transactions but come with some security risks. Your private key is held online with your public key and is usually accessible with a user-set password. Like any password-protected service, you could be hacked or phished. To mitigate the risks, you should also use two-factor authentication (2FA) methods.

4. Cold wallet - You store your private key offline on specialized hardware. This option is the most secure way to hold your BSC tokens, but it’s often the most impractical method for making transactions and interacting with DApps.

#ROSE Analysis :

#ROSE is been a downtrend channel pattern and right now price reacted from the major resistance level at $0.053 - $0.056. For buys you should for for a breakout above the major level. Below that we'll look for short-sells as per market structure.

#XCADUSDT 🏹
#XCAD

#BTC started ranging after the price broke the symmetrical triangle pattern and it was expected to be also. Price made a impulsive move to expecting a continuation till resistance zone around $23,000.

#XLM move higher high from the update. If you took buys at the call then you're in 7.6% in profits. Right now, price is retesting back to the structural support where you can capitalise on the position. Move the stops of previous position to Breakeven.

#TOTAL MarketCap reached out the major support level at $810B - $843B. Price already took reaction from it multiple times. Overall, index is started ranging over it. Around, $1.08T - $1.19T is the major resistance zone, where Cap can reach. This will lead in short-term bullish rally in altcoins. Breaking below this support will conclude a heavy crash.

DEGO/BTC
Launched in 2020, Dego Finance is a decentralized ecosystem that offers a diverse combination of non-fungible token (NFT) and decentralized finance (DeFi) tools. It is an independent, open NFT ecosystem.

Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: 872-1150-1350-1650 satoshi

DEGO/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: $1.84-2.15-2.35-2.75

SL: $1.40

DEGO/BTC swept lows, cleared downward liquidity and now getting ready for a moon ride after breakout 🚀

#XRP Analysis :

#XRP is been trading below the major resistance of $0.33 - $0.37 and also price moving inside a large downtrend channel pattern. In mid-term, price is ranging and currently, price is trying to breakout of the pattern. If price breaks above the line and major resistance then you may look for buys.

#DEGO did a really good job in a short span of time, straight away hits out target and made a high of 915 SATs, which is 20% quick profit. I hope you locked this quick and massive gain in short period of time 😊😊

Bitcoin is forming a small falling wedge pattern after the breakout. The falling wedge is a bullish pattern and we may see a continuation of this upward movement from next week. The major resistance is the $23,000-$24,000 area and let's see if BTC is able to break above this. The market is good as long as it holds above $20,000 support.

ETH rejected again from the resistance area of $1240-$1270. ETH needs to flip this zone to gain some momentum. The local support is $1150 and major support is $1000 level. Wait for some time for a clear breakout of the resistance zone.

Educational Post:

What is Risk/Reward (R:R) Ratio?

Whether you’re day trading or swing trading, there are a few fundamental concepts about risk that you should understand. These form the basis of your understanding of the market and give you a foundation to guide your trading activities and investment decisions. Otherwise, you won’t be able to protect and grow your trading account.

The risk/reward ratio (R/R ratio or R) calculates how much risk a trader is taking for potentially how much reward. In other words, it shows what are the potential rewards for each $1 you risk on an investment.

The calculation itself is very simple. You divide your maximum risk by your net target profit. How do you do that? First, you look at where you would want to enter the trade. Then, you decide where you would take profits (if the trade is successful), and where you would put your stop-loss (if it’s a losing trade). This is crucial if you want to manage your risk properly. Good traders set their profit targets and stop-loss before entering a trade.

Now you’ve got both your entry and exit targets, which means you can calculate your risk/reward ratio. You do that by dividing your potential risk by your potential reward. The lower the ratio is, the more potential reward you’re getting per “unit” of risk.

How to calculate the risk/reward ratio?

Let’s say you want to enter a long position on Bitcoin. You do your analysis and determine that your take profit order will be 15% from your entry price. At the same time, you also pose the following question. Where is your trade idea invalidated? That’s where you should set your stop-loss order. In this case, you decide that your invalidation point is 5% from your entry point.

So, our profit target is 15% and our potential loss is 5%. How much is our risk/reward ratio? It is 5/15 = 1:3 = 0.33. Simple enough. This means that for each unit of risk, we’re potentially winning three times the reward. In other words, for each dollar of risk we’re taking, we’re liable to gain three. So if we have a position worth $100, we risk losing $5 for a potential $15 profit.