Dear traders,
Market drop with FOMC meeting and last night we have push back to up lines what show strength and retest supports.
Jake
TOP Trader
BTC:
BTC retest support at 23.600$ and push up above 24.200$ what is good sign for next leg up. If 24.200$ we will see lower low and retest of support. Stay safe trade with small leverage.
ETH:
ETH is push back from resistance and now 1650$ act as resistance. Unable to break resistance will lead to new lows. Trade with small leverage.
XRP:
XRP hit 0.38$ range support and push up to 0.39$ but still need lots of power to break 0.4$ resistance. Still big sell off XRP is still on.
LINK:
LINK make round back and hit support line 7.4$ and retest break out on larger time frame. Next target is 8$ to break and 7.7$ need hold retest. Looking good on larger time frame for big push.
SOL:
SOL make bigger push back into range. Need to hold 24.2$ for push up continuation. Trade with small leverage
DXY:
DXY hold great range 104 and need break resistance 104.6 for next leg up for continuation.
Crypto/stock daily news:
CHART OF THE DAY: $4 AND A DREAM
One of the best ways to earn big crypto returns is to get in on the ground floor, which is why it’s always interesting to look at early token airdrops and ICOs, or initial coin offerings.
Well, peep this new chart showing profits from investors that bought ETH during its ICO. (It was made by Conor Grogan, a director at Coinbase and a friend of Milk Road.)
It’s hard to remember now, but in 2015 anyone could invest in ETH, which was dirt cheap. One ETH was worth $0.31 back then, and there was a $4 minimum pledge to invest.
Seventeen investors took the four-buck leap. How’d it work out? Well…
To summarize:
Seven investors have held onto their initial investments. The initial $4 bet is now worth ~$25k at today’s prices.
Two investors immediately sold for ~$12. I mean, hey, that’s a 3X return!
The last OG investor to sell was in 2018. That’s a…3,480X return. Noice.
Final words:
BTC retest support and now looking good for next leg up but on bigger time perspective it is weakening and loosing strength to push up. Still possibility for break out to 21k region. Short resistance and long support as always.
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Sentiment Is now BULLISH and real test for bulls are this week.
Not Financial Advice!
Good luck with trades!
Author
Jake
TOP Trader
