#Bitcoin price broke the $25,000 resistance. There is more possibility of climbing. The market looks strong. The banking crisis has increased the transfer of money to #Bitcoin and #cryptocurrencies
JUST IN : 186 banks found to have similar vulnerabilities as #Silicon_Valley_Bank, WSJ reports.
#Educational
What is a Golden Cross?
A Golden Cross is a basic technical indicator that occurs in the market when a short-term moving average (50-day) of an asset rises above a long-term moving average (200-day). When traders see a Golden Cross occur, they view this chart pattern as indicative of a strong bull market.
What is a Golden Cross?
A Golden Cross is a basic technical indicator that occurs in the market when a short-term moving average (50-day) of an asset rises above a long-term moving average (200-day). When traders see a Golden Cross occur, they view this chart pattern as indicative of a strong bull market.
The price of #INJ reached the very important resistance of $4.9 and could not cross it considering that it has broken its upward trend line and we are witnessing a negative divergence in the daily time frame. There is a possibility that the price will fall to the $4.0 support.
The price of the #LINK reached the support level of $6.30 and was well supported from there. It also formed a harmonic pattern, and after breaking the downward trend line in the 4-hour TF and retesting it, an upward trend line was formed. We expect the price to rise again to $8.30 .
#Educational
What Is a Stop-Loss Order?
A stop-loss is designed to limit an investor's loss in a security position. For example, setting a stop-loss order for 10% below the price at which you bought the coin will limit your loss to 10%. Suppose you just purchased Bitcoin at $20K . Right after buying the bitcoin, you enter a stop-loss order for $18K . If the price falls below $18K , your Bitcoins will then be sold at the prevailing market price.
What Is a Stop-Loss Order?
A stop-loss is designed to limit an investor's loss in a security position. For example, setting a stop-loss order for 10% below the price at which you bought the coin will limit your loss to 10%. Suppose you just purchased Bitcoin at $20K . Right after buying the bitcoin, you enter a stop-loss order for $18K . If the price falls below $18K , your Bitcoins will then be sold at the prevailing market price.
The price performance of #Bitcoin has been historically strong, returning 35.8% over the last 7-days.
#Polkadot has now reached the trend line and according to the chart, if the price does not break the trend line and easily crosses the resistance, there is a possibility of a rally to $7.50 .
#MKR is in good shape, and if it can break out of the set range to the upside, it can be expected to rise again to the $960 resistance.
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#Solana is moving in an ascending channel towards the $26.50 resistance. As long as the channel is not broken, the price trend is still bullish.
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Bullish Flag Pattern
#BNB price now has reached the resistance of $332 - $342 , which is very important. If it can break the resistance, it will probably grow to the ceiling of the channel, which is at the price of $400.