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Cryptocurrrency

Injective (INJ): A Top Performing CryptocurrencyInjective has been one of the top-performing cryptocurrencies this year. Let’s see what happens next! What is Injective? Injective is a blockchain designed for finance, powering DeFi applications such as decentralized spot and derivatives exchanges, prediction markets, and lending protocols. It offers core financial infrastructure primitives and a fully decentralized MEV-resistant on-chain orderbook. Its cross-chain bridging infrastructure is compatible with Ethereum and other blockchains. Injective uses the Cosmos SDK and a Tendermint-based Proof-of-Stake (POS) consensus mechanism, providing fast performance and transaction finality. It also provides a highly interoperable smart contract platform based on CosmWasm. INJ, its token, is used for protocol governance, dApp value capture, POS security, developer incentives, and staking. Injective’s Current Trend Injective (INJ) has been making waves in the cryptocurrency market, gaining 700% since the beginning of the year. INJ has stood out in the market due to its consistent upward trend, avoiding any significant periods of consolidation. Currently, it appears that INJ is pulling back to its support level of $5.00. This pullback will result in a 50% drop from its 2023 high. The $5.00 support level is expected to hold, and afterwards we may see INJ continue its uptrend towards the all-time high. For traders, one of the best aspects of INJ is its volatility. The daily candles of INJ are very large, which means that there is a lot of intraday volatility. This characteristic is a great advantage for day traders, as they can make quick returns. Conclusion: Injective has proven to be one of the top performing cryptocurrencies this year, offering consistent upward momentum and high intraday volatility. With its pullback to the $5.00 support level, traders should keep a close eye on the price action of INJ in the coming days.
by cryptohopper
ZEC USDT | Full technical analysisHello traders, Here is a full technical analysis as for #ZEC/USDT as requested! 🟢Entry price: from the current price with a very small amount as there is no bullish confirmation yet 🟢 bullish confirmation will be closing weekly above 44 $ and that will give us a chance to trade the breakout with more safe entry 🎯Targets should be as follow (short term): |> 51.3 |> 54.9 |> 58.7 |> 63.7 🎯Targets for midterm: |> 85 |> 100 🔴Stop-loss: Weekly candle closes under 44 if you buy the breakout ! 🔴if you will buy from the current prices you may place a stop-loss order under the current low at 34 ➡️Recommended risk: 0.5% thanks and take care !
Long
by Khaledzu
BTCUSDT WEEKLY IMPORTANT CHARTBTCUSDT 1W, Do you see these two weekly resistances from above? They are very strong, mostly the $30,000 one. The thing is that the 30K one is very predictable by the majority of people, and if there's one thing that I have learned from trading is that you don't go with the majority, because they lose. We could see a pullback from the 30K but we might also see manipulation and a fake-out that will take us above the predicted level, which will make people greed and long more, once we reach the 31K weekly we go for a correction, let's see how it goes. We will keep you updated.
BITGET:BTCUSD.PShort
by AltSh
MAGIC in the Middle of a Strong Bull RunMAGIC is currently experiencing one of the strongest bull runs in the whole market. Let's see why! What is MAGIC? MAGIC is a utility token used as a cross-game currency to connect gaming communities in the Treasure Metaverse, a decentralized NFT ecosystem on Ethereum's Layer 2 scaling solution. It launched in September 2021 and serves as a reserve currency for the metaverse. Players can earn MAGIC tokens through gaming, mining, and participating in Treasure's games, including Bridgeworld, Beacon, and Realm. MAGIC's Crash and Recovery Unfortunately, like many other cryptocurrencies, MAGIC had a terrible year in 2022. It lost almost 97% of its value, which was one of the worst declines in the industry. However, after the November market crash, MAGIC's price began to turn around and slowly started a bull run. From November 2022 until the February 17, 2023, the token gained over 1,000%, which is one of the biggest rallies seen for a top 100 market cap coin. Despite this rally, the coin is still 65% below its all-time high, which was reached in February 2022. MAGIC Respects its Support and Resistance Levels One interesting feature of MAGIC is that it is one of the few altcoins that actually respects its support and resistance levels. Most altcoins go right through their previously established zones. However, MAGIC is different in this regard and is more likely to bounce off them. This means that technical analysis can be more reliable when trading this cryptocurrency. MAGIC's Current Price Action MAGIC has recently bounced off of the $1.00 support and is currently heading toward its current resistance at $2.25. If the price breaks above this level, it will probably head towards the next resistance at $3.50. Bottom Line: While MAGIC experienced a rough year in 2022, it has since shown signs of recovery and is currently in the midst of a significant bull run. Its unique feature of respecting its support and resistance levels may make it an interesting choice for technical traders.
by cryptohopper
SandBox ($SAND) : Bullish Pattern development in long term?Hello everyone! If we look at $SAND in a medium-long term, we cannot rule out a big picture as shown on weekly chart. The big signal of Price Action will be the Neckline achievement (shown on chart as wave IV retest) of a large "Head & Shoulders". Working on daily time frame, I found some interesting resistance levels, useful for evaluating the strength of the trend, step by step. I came up with this idea thanks to our last trade on Sandbox, which developed a potential bullish impulse structure. (Click and Play on Chart below) If there are conditions, I will update this idea below. ...trade with care! 👍 Cheers! If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖
Long
by TheAnonymousBanker
6
BTCUSDT IMPORTANT UPDATE 🚨BITCOIN PUMP IS COMING! BUT DONT FALL FOR IT. We are currently forming an inverse head and shoulders pattern on bitcoin, confirmation will happen once we see a rejection off of the neckline which is at the price of $25000. We will see a pullback down to the green horizontal order-block, then pump until $30,000 which is a very important resistance. It would be hard for us to break it, it will take a lot of time, and we need a lot of liquidity to do so. I'm expecting the first retest there will be a large rejection. Might take us to the monthly level of support at the price of $12,500.
Long
by AltSh
XRP/USD Pheonix Formed By All Time Chart, Coincidence? Probably.As RippleLabs and the SEC finish up a battle over whether Ripple sold unregistered securities, news is coming out putting XRP and RippleLabs in a positive light regarding the case. Meanwhile XRP is still being adopted globally while RippeLabs hires more people. In contrast, generally negative news about overleveraged crypto positions by exchanges, the minting scandal at tether being reported, inflation numbers, the recent market downturn, and liquidity being scarce all seem to have a favorable outcome. So while crypto burns, XRP appears to follow the XRP Army march that XRP is a crypto being reborn from the downfall of the rest of cryptocurrencies into a well regulated market, XRP as the example. I believe in XRP already, there is plenty of reasons with proof, but this salient impression that the chart actually forms a rough pheonix is making it hard to not believe great things are coming for Ripple and XRP. Maybe the XRP Army will get "all the money"
BITSTAMP:XRPUSDLong
by lozoot
3
TLM is Primed! This is the time to stock up while its still lowTLM has been known for some big moves. It used to be $7 at one time. If you belive that BTC will return to the 60k all time high this is a hold because this should also return to hits prior highs and beyond if BTC reaches that magical 100k number people think it will this time. As you can see (Zoom in) the ribbon cable only needs a very tine push in price to go over it. Its at the best price your going to get going foward. It's broken all prior downtrends and is fresh for the next run. You can double your money if this goes to 0.06 , tripple if it goes to $0.09 ect.... Don't wait to long once volume picks up these cheap prices will be Gone.
TLong
by buster84