Friday cooling up and consolidating before next push/dump!!!

24.03.2023

Dear traders,

Market is slow fall after bearish news but supports still holds. As always long support short resistance(it is harder then it looks like).

Jake
TOP Trader

BTC:

BTC hitting resistance 29k and support of 26.5k and consolidating in that range. Still showing momentum at support and pushing back to 28k. But need strong push to break 29k resistance.

ETH:

ETH Cant hold above 1820$ for long and 1780$ act as support and still consolidating for next leg up. I’m still bullish for ETH as BTC dominance is falling.

XRP:

XRP slowing down with raise but holding above support for now at 0.423$. Still looking good for 0.5$ target.

LINK:

LINK slowly growing up and 7.7$ act as strong resistance before 8$ breakout. Good for long at supports

SOL:

SOL droping under 22$ and slowing in momentum to rise up. Need to hold above 20$ for next push up.

DXY:

DXY show support at 102 and need t ohold above 103 to show bullish momentum.

Crypto/stock daily news:

DO KWON GOT ARRESTED

Ladies and gentleman, we got him…

WE FINALLY F*CKING GOT HIM.

Do Kwon has been arrested. That’s right, the guy that….
Singledhandledly caused the collapse of the $40B Luna empire & sent the crypto industry into a death spiral
Has been accused of fraud, financial crimes, and is wanted by Interpol, SEC, DOJ, and the rest of the alphabet soup
Has been on the run for 320 days and has been harder to find than Waldo..
…. has finally been caught.
Where? Podgorica.
Which sounds like a distant cousin to Puerto Rico, but it’s actually in… Montenegro.

The country’s interior minister tweeted Thursday that police had detained Do Kwon at an airport with falsified documents that included a Costa Rican passport, a Belgian passport, 3 laptops, 5 phones, and 0 dignity.
So, what now? First, we celebrate and cheers to a great day. It’s been a long 320 days (and nights). We’ve been like Arya Stark reciting the names of our enemies who cost us money…
Kwon has been #1 on that list. So it’s music to our ears that he finally got got.

Secondly, they gotta figure out where to send him. A handful of governments like South Korea, Singapore, and the U.S. have all charged him. So, where to first?
I say send him on a world jail tour. Let him rot in all the prisons.
But regardless where they send him, they should make him do the Walk of Shame (Game of Thrones-style).
We’ll be front row with our tomatoes.

2. ARB’S ROCKY LAUNCH

Arbitrum dropped its new token, ARB, yesterday. And its first day on the market was nuts, to say the least.
The website crashed. Users claimed 42M ARB tokens in the first hour of the airdrop which led to the site crashing like Netflix when Stranger Things Season 4 came out…
The wrong token pumped. ARbit token pumped 2,000% because people thought it was Arbitrum’s, but it was a dead coin from 2015 instead. Buncha rookies…
There was a huge sell-off. There was $27M in trading volume during the first hour and the price plummeted from $8.67 –> $1.40. It was $1.41 EOD Thursday.
Talk about a rough first day. It was like one of those Mondays when you spill your coffee, your WiFi goes down, your dog sh*ts on the carpet, and you’re still a bit hungover from Saturday night.
But hey, it happens to the best of us. Besides, we knew the launch wasn’t gonna go smoothly…
The biggest airdrops we’ve seen have had hiccups, too (cough Aptos & Optimism cough.) It just shows that no matter how much hype there is, DeFi projects still have some work to do when it comes to onboarding hundreds of millions of users at once.