Dear traders,
Weekend close with small pump in resistance now looking for next leg up. If resistance holds we
could see the next leg down this week.
Jake
TOP Trader
BTC:
BTC make a push from 22.800$ support and now rejected from 23.500 resistance. Need to break
23.500$ for up continuation. If not hold, we could see a lower price in the 22k region.
ETH:
ETH was pushed back to 1500$ range and now push back into resistance 1650$ which needs to break for
the next leg up. Trade with small leverage.
XRP:
XRP break the lower price and now 0.38$ act as resistance. Only break of resistance could bring the price
back to 0.4$, which needs a big buy. Still, big sell-off XRP is still on.
LINK:
LINK break supports and show weakness after the push to 8$. Now the market needs to break 7.4$ resistance to
make the bigger push up to 8$ and continue up trend. If not hold, 7$ support is coming up.
SOL:
SOL is still under bigger resistance 24.2$ now accumulating for big push. A Retest of 22$ is made and still
show no strength for push up. Trade with small leverage.
DXY:
DXY hit the target of 105 and not consolidating to 105.6 resistance line. Still bullish and strong.
Crypto/stock daily news:
FAST NEWS
A Massachusetts man was running an illegal crypto-mining operation underneath a high school.
Ex-Apple exec and EA founder Trip Hawkins is joining Web3 startup Games for a Living. It’s a
competitor to blockchain gaming giant Axie Infinity.
Sam Bankman-Fried could now face up to 155 years in jail.
Dapper Labs, the company behind NBA Top Shot and Cryptokitties, is laying off 20% of staff.
A new Playstation game that lets user play as a Shiba Inu has the SHIB community buzzing. There’s
no connection between the game and the token.
The producer of Rihanna’s “B*tch Better Have My Money” generated $63,000 from sales of some
of the song’s streaming rights as NFTs.
The manuscript of “Snow Crash,” the 1992 book whose author coined the term metaverse, is being
auctioned by Sotheby’s. It’s expected to sell between $40,000 to $60,000.
Final words:
Market is at a push back, what is good for the next leg up if supports holds. There is still big liquidity at
20k of BTC what we could visit before the next leg up.
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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
