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🔥 Bitcoin's Last Hope For The BullsOver the last two days, Bitcoin has been dumping on Bearish SEC news from the USA. In the short-term, the bears are 100% in control and are actively pushing the price down. However, the bulls might have a last trick up their sleeve. We're rapidly approaching a massive zone of support that has been established around a year ago. If there's any big buyers left, they are waiting within this zone. A bullish reversal from this zone could signal an end to the ~2 month bearish trend. This would be in line with my long-term bullish Elliot Waves analysis on Bitcoin below. However, if this zone fails to hold the price, I'd expect that there's more selling to come. Seeing that this is a news-related selling event, it's hard to determine whether we're going to reverse or not. Technical analysis has a lot less impact once trading is based on pure emotion. Nevertheless, keep a close eye on this zone since it will likely cause some heavy volatility, either to the upside or downside.
COINBASE:BTCUSD
by FieryTrading
10
SAND/USDT Technical Analysis: Bearish Outlook with Buying Opport#SAND/USDT Technical Analysis: Bearish Outlook with Potential Buying Opportunities In this technical analysis of the #SAND/USDT trading pair, we'll examine the current market situation and analyze key factors affecting the price of $SAND. While recent news and chart patterns indicate a bearish trend, there are potential support levels that could offer buying opportunities for long-term investors. Please note that this analysis is for informational purposes only and should not be considered as financial advice. Conduct your own research before making any investment decisions. Headings: Current State of #SAND/USDT: Bearish Trend and Recent News Impact of Token Unlocking Schedule on NYSE:SAND Price Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023 Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline Key Support Levels and Target Zones for Buying Opportunities Bull Scenario: Long-Term Potential and the Need to Break Resistance CryptoPatel Key Levels for #SAND/USDT: Support and Resistance Conclusion: Conduct Thorough Research and Exercise Caution Current State of SAND/USDT: Bearish Trend and Recent News NYSE:SAND is currently trading at $0.515, displaying a bearish trend. Recent news has contributed to the downward movement, with a significant 15% drop following the SEC news. Impact of Token Unlocking Schedule on NYSE:SAND Price Historical analysis reveals that NYSE:SAND often experiences substantial price declines after token unlocking events. The upcoming unlocking of 11.085% of the total supply suggests the potential for further downside. Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023 Based on the analysis, there is a possibility that NYSE:SAND may reach $0.2 by December 2023. However, a short-term pump up to $0.7 is expected before a potential leg down. Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline The current expectation is a small pump in the short term, possibly reaching $0.7. However, this would likely be followed by another downward movement. Key Support Levels and Target Zones for Buying Opportunities Two significant support levels are identified for potential buying opportunities: $0.38 and $0.177. Holding the $0.38 support level would be favorable, but if it breaks down, a further decline to $0.177 is possible. Bull Scenario: Long-Term Potential and the Need to Break Resistance In the long term, there is a bullish outlook for NYSE:SAND , with a potential target of $10 in the next bull run. However, breaking the strong resistance at $0.87 is crucial for the bullish scenario to materialize. CryptoPatel Key Levels for #SAND/USDT: Support and Resistance Support Levels: $0.3785 and $0.177 Resistance Levels: $0.7 and $0.87 Conclusion: Conduct Thorough Research and Exercise Caution This analysis provides insights into the current state and future projection of #SAND/USDT. It is important to conduct thorough research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and individual research is essential to make informed choices. Conclusion: The #SAND/USDT trading pair currently exhibits a bearish trend, influenced by recent news and historical patterns. While a potential decline to $0.2 by December Follow us for More Chart Analysis. Thank you.
Short
by CryptoPatel
BTC Bitcoin Bad News | SEC has filed 13 charges against Binance!Binance and its co-founder Changpeng Zhao (CZ) were sued by the U.S. SEC on 13 different charges. The commission claimed that the defendants mixed together user funds worth billions of dollars and pointed out that the money was sent to a European company controlled by CZ. The commission stated that Binance established its U.S.-based entity, Binance.US, as a means to protect the exchange and its CEO, with the intention of evading law enforcement. However, the regulatory body referred to Binance as an unregulated international exchange. In its complaint, the U.S. SEC identified BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities and accused Binance.US of facilitating their trading. Binance CEO, CZ, characterized the allegations made by the commission as "an attack on the entire industry. I expect that BTC Bitcoin will complete the Head and Shoulders bearish chart pattern and reach $23000. Looking forward to read your opinion about it!
Short
by TopgOptions
4
A potential big move for XRP is loomingA potential big move for XRP is looming with a slight bias (60%) towards the upside. If prices do come down to retest lower levels I expect a move up shortly after. Although it looks like XRP is bottoming out around 0.41 cents take note that short-term spikes towards 0.37 cents are not out the realm of possibilities due to high volatility in the market. ANALYSIS Technicals: - XRP has formed a symmetrical triangle - Currently ranging in the middle of 2 big volume price targets (blue lines). - Increasingly tight consolidation (BB is narrowing). Energetically: A new moon is set to happen on the 19th of May. Prices are more likely to move upwards within a 5-day range around the new moon (between 15-24 May), right before crashing down or consolidating. News: Odd behaviour by the SEC since they just dropped crypto firm LBRY's fine from 22M to 111K. Is there a possible settlement/court decision for the SEC-Ripple lawsuit on the horizon? Disclaimer: Non-Financial Advice The information provided in this analysis is for informational purposes only and should not be considered as financial or investment advice. The analysis presented here is based on historical and current data, market trends, and personal interpretation, and it may not accurately predict future market behavior.
by free4mz
2
XRP Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. XRP/USDT short Entry Range: $0.45 - 0.51 Take Profit 1: $0.40 Take Profit 2: $0.36 Take Profit 3: $0.32 Stop Loss: $0.60
Short
by BuySellMarketMaker
TRX Tron Founder Justin Sun 4 Days Left To SEC Lawsuit Summon !Justin Sun's Deadline Approaches: 4 Days Left to Respond to SEC Lawsuit Summon Over Alleged TRX Market Manipulation! Tron (TRX) cryptocurrency founder Justin Sun has reportedly been issued a summons in the Securities and Exchange Commission (SEC) lawsuit. The SEC charged Sun with "fraudulently manipulating the secondary market for TRX through extensive wash trading," claiming that trades were made without a change in "beneficial ownership." The SEC also alleged that the distribution and sale of BTT and TRX required Sun to register the sales with the agency because they were allegedly sold as securities. In addition, the SEC accused Sun of orchestrating "a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation." This claim suggests that Sun may have been involved in misleading investors by paying celebrities to promote TRX and BTT without disclosing their compensation. The allegations against Sun are significant and could potentially have a significant impact on the cryptocurrency market. I expect TRX Tron selloff soon! Looking forward to read your opinion about it!
Short
by TopgOptions
XCH looking good in this rangeAfter the price drops massively the first year after trading started from the low volume ~1k USD per XCH during feature trading and a peak up above 2k USD the price now is in a range between ~30 USD and ~50 USD. The network space slowly started to grow ~10% since january 2023 and can be considered stable since july 2022. The node count is ~115k (ETH ~7k, BTC ~17k). The inflation is still high with ~9k XCH per day, 1st halving is ~ Q1 2024. Meanwhile the circulating supply reaches 25% of the total supply, 75% is hold by the Chia Company. The company announced a few days ago to have submited the registration to the U.S. SEC. In my opinion that is a positive sign but it should also not be overrated at this point. They still need to build valueable partnerships and the global market may dip again. ETH could build up sell pressure or other bad news can shock that market again. On the other side people could buy crypto because they think it is worth more in the future than keeping their fiat. I also still expect the tech market to dip again and maybe the financial market too. I just hope that china does not do the russian a**h*** move and invades it's neighbors too. Climate crises also can have a bigger impact on the markets the next years than many expect. I am still surprised that people think that buying a Tesla or "green" fuel does save us from destroing our own environment we need to live in. I just hope for a bullrun or two before the people wake up. ;-) But who knows what happens next, pls tell me. ;-) As always, no financial advice.
by Just4FunTrader
TRX Tron | Binance US to Delist Justin Sun's TRX Next Week !!If you haven`t sold TRX Tron here: Then you should know that Binance US, the American division of the world's top cryptocurrency exchange Binance, has declared that it will delist TRON (TRX) from its trading platform next week, on April 18. Binance made the decision to delist TRON in response to the US Securities and Exchange Commission's (SEC) recent crackdown on the cryptocurrency magnate. In its press release, the regulatory authority accused Justin Sun and his three wholly-owned companies, namely Tron Foundation Limited, BitTorrent Foundation Ltd, and Rainberry Inc, of defrauding investors by selling unregistered securities. Sun is also accused of performing "extensive wash trading" and organizing a scheme to pay celebrities to promote TRX and BTT without revealing their compensation. Additionally, the SEC charged a number of celebrities, including Jake Paul, Ne-yo, and Lindsay Lohan, with illegally endorsing TRX and BTT without revealing their pay. According to Elliott Wave theory, I expect for a retracement tp $0.052 level. Looking forward to read your opinion about it.
Short
by TopgOptions
✴️ XRP Continues (Quick Update) | Ripple Wins?You can check the "Related Ideas" below if you want to go deeper. There I share the XRPUSDT/XRPBTC long-term and also short-term targets. In this update we want to look at the current price action. After the initial breakout, XRPUSDT consolidated for 5 days and now is back above resistance. This is ultra-bullish. The chart showing bullish signs means that Ripple is about to win. The chart predict what is coming. The chart is saying that a bullish development will take place. What can be more bullish than a Ripple win in the case vs the SEC? Namaste.
Long
by MasterAnanda
XRP decision timeWith BTC on the cusp of a big pump to 30k this weekend, XRP has been pumping hard with purely fundamentals, based around the lawsuit and Gary Gensler begging for more money to run the SEC. This lawsuit has been consistently predicted to end now or anytime in the future. However, should we DCA in to protect ourselves encase of a pump. Very strong resistant points for both btc and XRP has been foiled, however xrp had a 30% pump and currently down 14% hitting my first DCA zone :O, its not looking great on the charts ATM maybe zone 2 is hit! I for one do not want to miss out if we do pump more so I have illustrated my 2 DCA points for XRP. once xrp is past the mid 0.60 cent region we can expect it to pump up towards a 90 cent area before struggling in my opinion, without the news. TPs will be set along the way. However, if news drops that XRP is settled or better has won the entire crypto space will pump with XRP leading. Other things to consider, Ripples acquaintances within global economic institutions IMF etc, consider the cross boarder routes created, consider SBI testing ripple on FX markets ($6.6 trillion market, ripples forward announcements about developing CBDCS. Will these factor into XRP's price? I for one will hodl not derivatives trade XRP for the long term (unless big bear market then everything's being sold including my pants) What do you think?
by Mr_Bari
Tron TRX Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge! I assume we are about to witness a major selloff in the crypto industry. My Tron TRX Price Targets: TRX/USDT short Entry Range: $0.060 - 0.066 Price Target 1: $0.055 Price Target 2: $0.045 Price Target 3: $0.030 Stop Loss: $0.074
Short
by BuySellMarketMaker
March 22 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 1.07% over the last 24 hours and rose to an intraday high of $28438.47. The largest cryptocurrency continues to trade around the $28,000 price level, as markets await the upcoming Federal Open Market Committee (FOMC) meeting. It is anticipated that the Federal Reserve will maintain rate hikes but at a slower pace of 25 basis points. Buyers currently have an advantage in the market as indicated by the rising 20-day exponential moving average at $25,039 and the relative strength index (RSI) in the overbought territory. If the outcome of the FOMC meeting meets the expectations, the BTC/USDT pair may have the potential to surge to $30,000. Today’s Cryptocurrency Headline Sushi DAO and Key Contributor Receive SEC Subpoena Sushi DAO and its CEO, Jared Grey, were subpoenaed by the U.S. Securities and Exchange Commission (SEC). In response, Grey proposed a "Sushi DAO Legal Defense Fund" to cover legal costs for core contributors up to $3 million in USDT, with an additional $1 million available if needed. The fund would pay for attorneys' fees and other costs for contributors involved in the project from April 2022 until legal proceedings end. Sushi DAO is cooperating with the SEC and will not comment further. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
BNB Binance the next FTX and the Crypto Collapse I don`t think the bear market is over because of BUSD issues. The Securities and Exchange Commission has told crypto firm Paxos who issued BUSD, that it plans to sue the company for violating investor protection laws. Binance was the biggest holder of BUSD, with holdings worth $12.3bn, equal to 58% of the stable coin’s circulating supply on Ethereum, as of 1 October 2022. On Sept 29 2022: "Existing USDC, USDP and TUSD balances in user accounts will be automatically converted to BUSD at 2022-09-29 03:00 (UTC) (“Auto-Conversion”)" So after the SEC lawsuit i assume people will move from BUSD to USDT, which needs to print new coins and make bigger reserves. But they already have problems with liquidity, not all the market cap being assured by dollars. USDC is issued by Circle, in which Goldman Sachs and other US entities invested. In conclusion, i believe that after Binance delisted USDC, we are witnessing a war between the establishment represented by Circle and Binance, which could prove insolvent is people will fully exit BUSD and BNB. Paxos already announced that it won`t issue more BUSD after the SEC warning. Binance also shuffled +$1 Billion in customer assets without customer permission, just like FTX - Forbes wrote in an article. I think the SEC is after Binance. In just 4 years, BNB, Binance Coin, made an impressive 7197X gain. Considering it overvalued, i have used the Fibonacci retracement tool to determine the next support level. My price target is the 0.786 level, respectively $160. Looking forward to read your opinion about it.
Short
by TopgOptions
2
BTC UPDATE Currently #Bitcoin is heading for a correction. Reasons being that; BTC inflow is HIGH BTC trading at overbought range. Theres a CME Gap at 19.9k - 20.8k The dollar index(DXY) Reversal Hence Bitcoin is looking for healthy correction here.. Anyone looking for a Short opportunity should consider placing a short at these ranges Short BTC : 20800 - 21800 Target : 19600 - 18400 Moreover, fundamentals are rekt as SEC is still investigating DCG, Gemini and Genesis. One word from the SEC will crash the market down more than expected. So trade carefully champs! #ReNLoG
Short
by ReNLoG
1