Dear traders,
Green candles in the Asian market brought a big red opening on today’s day. A big swing is still loading.
Jake
TOP Trader
BTC pushed to $27,500 to grab liquidity and push hard back. Don’t be someone excited about liquidity. Significant volatility is still expected.
ETH made a bigger wick yesterday and is pushing back to the trading range of $1800. However, it remains bearish from a larger time perspective.
XRP is still fighting with $0.46 as support, and a bigger drop back is still possible. It needs to maintain a daily hold above this level to make a bullish push up.
LINK is currently trading in the mid-$6 range, with $6.45 acting as support, but there is still a target of $6 for this week. However, it still lacks the strength for a significant upward push, and there is a lack of volume. Buy all dips below $7 in spot mode, as it will pay off in the future with LINK.
SOL is still fighting $20, which now acts as resistance. There is no volume and a bigger push in the market. A further drop to the $18 support is still possible.
EOS is hitting $0.86 now as resistance and needs to break it, or $0.79 is the next target. There is a possibility of a bullish uptrend, but it is still in sell-off mode and requires a stronger push to break out bullish.
LTC didn’t manage to break $90 and now dropped hard to the mid-$80s. It needs to hold or $70 is the next level to retest. In 60 days, there will be a halving event in LTC, which suggests a larger price increase after the reduction in mining supply. This presents a significant opportunity to invest and hold!
The DXY is holding above 103.5, which is a bullish signal for the next upward push.
Crypto/stock daily news:
STEPN IN THE RIGHT DIRECTION
Some things just don’t mix:
Diet Coke & Mentos
Orange juice & toothpaste
Crypto products and the App Store
It looks like one of those is about to change…
What happened? STEPN just became the first Web3 app to integrate with Apple Pay.
Here’s everything you need to know:
- STEPN is a fitness app that gamifies exercise and lets users earn crypto for being active
- In order to play, you need an NFT
- Before this move, the only way to buy an NFT was with crypto. (AKA it was a nightmare for non-crypto people, like my Uncle Vinny)
- Now, users can buy an NFT directly on their phones with Apple Pay. Instead of cryptocurrencies, users purchase Sparks (a new in-app currency. 1 Spark = $0.10)
No cryptocurrencies are involved. No crypto wallet is needed. Easy peasy.
Sounds convenient, right? A little too convenient…
That’s because there’s a twist: users that buy the STEPN NFTs with Apple Pay will pay 40% more than if they were to buy the same NFT with crypto.
For example, there was a STEPN NFT that went up for sale for $31.40, if you used crypto.
The same NFT cost $44.60 on the iOS app with Sparks (AKA using Apple Pay).
That’s a 42% price increase.
You know what they say – where there’s convenience, there’s a fat f*cking fee.
It’ll be interesting to see how this plays out.
On one side, convenience = more adoption and less headaches.
On the other side, convenience = more fees.
Which side will win? Only time will tell…
FAST NEWS:
Strike expands to 65 countries. The BTC payments app is also shifting their HQ to El Salvador as they try to bring Bitcoin to the masses.
A Nevada man faces decades in prison after a $45M crypto scam. Not everything that happens in Vegas stays in Vegas…
Gemini claims that DCG missed its $630 million debt payment. The next chapter of the Winklevoss vs. Barry Silbert saga. “I didn’t hear no bell.”
The Professional Bowler’s Association (PBA) is getting into NFTs. Wanna prove you bowled a perfect 300? Show us the pic NFT or it never happened.
Final words:
BTC still in consolidation channel and bigger swings are still to be expected in 24h so take care of your trades.
Copy trade GROW 0.1->10k$ since 18.03 we got +48% PROFIT what is great for start!
You can check my trading web page with lots of trading information.
Be my guest!
https://t.me/+rBI2IFMrLUhmOTJi
Sentiment Is now BULLISH and real test for bulls are this week.
Not Financial Advice!
Good luck with trades!
Author
Jake
TOP Trader
