4 Crypto Trends to Follow in 2024: Don't Miss the Opportunities!
2024 will be the scene of major transformations in the crypto world. Here are the 4 most important crypto trends of this year:
1. The Halving Effect of Bitcoin
Bitcoin halving takes place every 4 years, reducing block rewards by half. in 2024, the reward will decrease from 6.25 BTC to 3.125 BTC. This situation may cause a supply shock and move the BTC price up.
Potential: If demand increases, BTC may reach 6-digit levels.
Layer-2 Solutions: Projects such as the Lightning Network are accelerating adoption by increasing the scalability of Bitcoin.
2. DeFi 2.0: The Next Generation of Decentralized Finance
DeFi 2.0 represents solutions that solve liquidity problems and increase productivity.
Self-Repaying Loans: Innovations that enable automatic closing of debts.
Potential Projects:
Aave V3: Improves liquidity and risk management.
MakerDAO (DAI): It can be a safe haven with stablecoin solutions.
Radiant Capital: Provides cross-chain liquidity with cross-chain lending.Dec.
Attention: Although DeFi opportunities are high, smart contract security should not be neglected.
3. AI-Powered Crypto Projects
AI is revolutionizing the field of transaction analysis and automated trading in the crypto world.
Fetch.ai (FET): AI-supported data sharing and automated operations.
Ocean Protocol (OCEAN): Supports AI applications with tokenized data.
SingularityNET (AGIX): A decentralized AI service platform. Why Is It Important? AI enables traders to make faster and more accurate decisions by strengthening their analysis. 4. The Web3 Ecosystem
Web3 is building the decentralized future of the Internet.
Arweave (Dec): Permanent and secure data storage.
Polkadot (Dec): Strengthens the Web3 infrastructure with inter-blockchain communication.
The future: As the user experience improves, Web3 projects will reach a wide range of users. Bitcoin halving, DeFi 2.0, AI-powered projects and the Web3 revolution. $DOT $FET $BTC #2024WithBinance #CryptoUsersHit18M
Day trading strategies using candlestick charts🔥🔥🔥🚀 1. Market Analysis and Preparation
Asset Selection: Identify the cryptocurrency. Assets with high volatility are generally suitable for day trading. Determine Market Trend: You can use moving averages (EMA, SMA) or trend lines to determine whether it is in an up, down or Extreme trend. Time Frame Selection: Explaining 1, 5, 15 digit candlestick charts are more suitable for short term trades.
2. Identifying Support and Resistance Levels Support: These are the levels where the price stops falling and reacts upward.
Resistance: These are the levels where the price stops rising and reacts downwards.
How to Determine: Draw support and resistance levels using the lows and highs of previous candles.
3. Recognizing Candlestick Patterns Some candlestick patterns can give strong buy or sell signals:
Bull Formations:
Hammer: It occurs after a decline and gives an upward reversal signal. Bullish Engulfing: A large green candle following a small red candle.
Bearish Patterns:
Hanging Man: It occurs after an increase and gives a downward signal.
Bearish Engulfing: A large red candle following a small green candle.
4. Supporting with Indicators
You can use technical indicators to confirm candlestick patterns:
$PI RSI(6): 24.70, very low, in oversold territory.
This indicates that the price is approaching the bottom and a possible reaction rally may come.
MA10 (1.54868) and MA30 (1.53852) indicators support that the price is in a downtrend in the short term.
There is a volume of 3.83M, but there is no strong movement on the buying side. The decrease in volume with the decline may indicate that the selling pressure is slowing down.
MACD: -0.02387 and DIF: -0.02552, which indicate that the momentum is negative and the trend may continue in a downward direction. The signal line is also down, it has not yet given a positive reversal signal
StochRSI: 0.00069, in oversold territory. This also indicates that a recovery is imminent. Oversold levels are being approached in the short term, so a reaction rally may be expected. However, the general trend is downward, so 1.40 - 1.42 levels can be monitored as support. If there is an upward recovery, 1.55 - 1.60 levels can be resistance. NOT INVESTMENT ADVICE #pi #PiCoreTeam
$KAITO RSI (14): 41.91 If the RSI falls below 30, it enters the oversold zone. It is currently below 50 and trending downward. This indicates that selling pressure still continues.
DIF: -0.0290
DEA: -0.0143
MACD: -0.0147
The MACD line is below zero and the histogram is trending in the negative direction, indicating that the momentum is still bearish.
During the decline, there is also a decrease in volume. This shows that the selling pressure has decreased somewhat, but buyers have not made a strong entry either.
STOCHRSI: 1.87 Since it is in the oversold zone, there may be a reaction buying in the short term.
In the short term: Downward pressure continues, but a short-term recovery (correction) may be seen as the oversold zone is approached.
In the medium term: If the price cannot hold at 1.50, the decline may continue.
Resistance and support levels:
Resistance: 1.68 – 1.70 zone
Support: 1.48 – 1.50 region
These levels should be monitored closely. If support is broken, the decline may deepen; if resistance is broken, the recovery process may begin. NOT INVESTMENT ADVICE #KAITO #SECStaking #VIRTUALWhale #BybitSecurityBreach
$OM RSI is at 75.08, meaning it is in the overbought zone. So we can say that the price has risen very quickly and the possibility of a withdrawal has increased.
MACD is in the Positive zone and upward momentum continues. The difference between the moving averages (DIF and DEA) is widening, indicating that the uptrend is strong.
There is a large increase in volumes, indicating that the rise is supported by strong buying pressure. However, if there is a decrease in volume after an excessive increase, profit sales may occur.
Stochastic RSI: It is at 88.79 and is in the overbought zone. This increases the likelihood of a correction in the short term.
The uptrend is strong, but it signals overbought.
A correction may come in the short term, support levels may be 6.24 USDT and 5.13 USDT.
$TST The RSI is at 34.63, meaning it is approaching the oversold zone. If the RSI falls below 30, it can be considered an oversold signal.
The MACD line is negative and below the signal line, indicating that the downtrend is continuing.
The histogram bars appear to be shrinking, indicating that bearish momentum may be weakening.
The trading volume is 318.10M USDT, but there is no obvious increase in volume in the downtrend in the last hours. This shows that there is no strong recovery signal.
There may be reaction buying as the RSI approaches the oversold zone, but there is no clear reversal signal.
If the price falls below 0.1526, selling pressure may increase.
For an upward move, it needs to rise above the 0.1971 level.
In the current situation, it is important to be careful because the market is still in a downward trend.
If the RSI falls below 30 and shows an upward recovery, there may be a short-term buying opportunity.
For a safe buy, it may be logical to wait for the price to at least exceed the 0.1971 level. It is not investment advice
$USUAL RSI (14): 37.30 – So close to the oversold zone. This shows that the price is approaching the bottom and buyers may step in.
The MACD indicator is currently in the negative zone, but the upward reversal signal is present, albeit weak. DIF: -0.0873
DEA: -0.0980
MACD: 0.0107 (very low)
Daily trading volume is 25.96 million USDT. There is a decrease compared to the previous bullish wave, so it is important for the volume to support the price increase.
USUAL/USDT is trading in the oversold zone and there are signs of recovery. However, for a strong rise, the volume must increase and the RSI must rise above the 50 level. The 0.2494 USDT level is an important support point and if it turns from here, there may be an increase up to 0.3152 USDT level. NOT INVESTMENT ADVICE #USUALonLaunchpool&Pre-Market #usual #TariffHODL
$TRUMP RSI (14): 47.46, which means it is in the neutral zone. It is neither overbought nor oversold.
The MACD line is preparing to cross the signal line up. If this happens, it could be the start of an upward move. DIF: -0.47
DEA: -0.67
MACD: 0.20 (about to move into positive territory)
Volume is generally low, but sudden increases in volume should be monitored.
For TRUMP/USDT, 16.00 USDT seems like a strong support zone. The price has started to move upwards from the lower part of the Bollinger bands and may face resistance towards the 18.83 USDT level. Since the RSI is at a neutral level, the volume increase and MACD crossover should be watched to determine a clear direction for the price movement.
RSI: It is at 31.80 level. Below 30 is considered oversold territory, but it is currently near that level. If the RSI starts to rise, it could be a recovery signal.
DIF: -1.99, DEA: -1.87, MACD: -0.12
MACD is in the negative zone and below the signal line. This still shows that the downtrend is continuing, but the negative spread is decreasing, meaning there could be a slowdown in momentum.
There is no significant increase in volume, indicating that a strong buy signal has not yet formed.
Support: 18.56
Resistance: 28.19
The trend is downwards, but RSI and MACD may signal recovery.
Things to watch: If it falls below the 18.56 level, a new downward wave may occur. If the price rises above 23.56, the possibility of recovery becomes stronger.
RSI value is around 45.6080, which means it is close to the neutral zone. It is far from overbought (70) or oversold (30) levels, indicating that no clear direction has been determined.
The MACD line (dif: -0.0083) and signal line (DEA: -0.0009) are in the negative territory and the MACD histogram is showing red bars. This indicates that momentum is weak and the price may be in a downward trend.
Trading volume appears to be at low levels, which may indicate that there is not enough liquidity for a strong move.
The Stochastic RSI is at 12.1847, close to the oversold zone. This may indicate that the price is likely to recover soon.
Bollinger Bands are narrowing, indicating that more volatile action may be coming soon.
The RSI is neutral, the MACD is negative but the Stochastic RSI is approaching the oversold zone.
Volume is low, meaning more buying/selling pressure may be required for a strong trend formation.
If the price breaks the 3.03 level, downward movements may become stronger. However, if it breaks above the 3.15-3.20 levels, an upward move may gain momentum. It should be followed carefully. NOT INVESTMENT ADVICE#XRPETFIncoming? #XRPRealityCheck #Xrp🔥🔥 $XRP
$ACH 🔥🔥🔥 RSI is at 64.01, meaning it is approaching the overbought zone but not yet in the danger zone.
If the RSI rises above 70, it may be an overbought signal and profit taking may ensue.
The MACD line is just above the signal line, meaning there is slight positive momentum.
The histogram is shrinking, indicating that the rise may be losing momentum.
Volume exploded during the last big rally.
However, there is currently a decline in volume, indicating that the momentum has waned somewhat.
The Stochastic RSI is at 29.81, close to the oversold zone.
If there is an upward crossover, the price may rise again
The price is correcting after a strong rise.
0.033 - 0.034 region may be support.
If the volume increases again and the RSI crosses 70, a new bullish wave may come.
However, if the price breaks below the 0.033 level, a larger correction could begin.
For short-term buy-sell buyers, buying from support in the 0.033 region and profit taking in the 0.040-0.045 range can be considered. Below 0.032 should be watched carefully.