The token is eager to continue its ascent; however, it must surpass $1.2 without issue, which would demonstrate sufficient strength to head towards $1.5. Otherwise, it would indicate weakness, requiring a breather at $0.75.
We are not fortune tellers, but we can anticipate. Let’s wait for today’s close, which will provide us with more information.
Since its listing on Binance, the Telegram token has been priced at $7.3, expecting to move towards that area hopefully by the end of the month. Regarding #doge it would invite us to a long trade in the same way with potential at $0.73 that aligns.
With the intention to accumulate, remember we have four years for #crypto #halving
In each season there is a token that stands out and has solid reasons such as the amount it trades in 24 hrs and its capitalization greater than #pepe without counting the plus, smart contracts. Nothing new so far. $ADA $POL predecessors to this network simply do not take off.
Perhaps it is the gaming approach or its novel programming language that we cannot doubt is leaving it off the radar in this era #trump
Or perhaps the familiarity with the Zuckerberg network reducing the gap between social networks and cryptos in pure musk style... being #telegram and its token the trend.
It seems that the Trump effect will start to be felt in the crypto ecosystem.
After the entry of institutional investors and whales who have unfortunately cornered the market, it seems that everything is set for a rise with the victory of the pro-blockchain candidate.
Leading to a higher range of trading of #btc perhaps 75k - 100k maybe a Santa gift and dragging the entire market upwards.
You know the drill, first #btc then the alt season among them the memes obviously. With one month left to close this year post-halving, post-ETFs. Greed has no price.
So let's invest for the long term and diversify. Let's learn from our mistakes and protect ourselves from the whales. Stay away from futures and extreme leverage.
Start looking for projects with good discounts like $TON the ISO 20022 and the favorites the memes.
As I wrote in a previous post, the whales will have to inject (buy) to push the price but not before knocking it down. They buy low, they sell high, simple.
And they will continue to do so. That is the importance of everything we have been addressing.
The problem is impatience. 31 continuous days of decline without counting the days prior to its maximum. So if you missed an entry, rest assured that the same opportunity will come again. If you don't see the graph.
We are not whales but now we know how they act. We don't know when but we can identify the supports and resistances and take into account that they will do the same again. It will take the price to 100 then to 75 like this progressively.
The only thing left for us to do is be patient and more emotionally intelligent. How many more accounts are we willing to burn?
Within the world of trading, whether forex, shares and/or cryptos, there are several tools and indicators whose objective is to train us professionally. Yes, we talk about investing in yourself. So you will have to develop the habit of being self-taught, no matter what.
There is a tool that allows us to detect entries and avoid trading reactively. When we think it will go up it goes down and when we think it will go down it goes up. Who has not happened ;(
In summary, this tool tells us that a trend develops in 5 movements and then corrects. Three bullish waves, two bearish waves and one correction. Which can be applied in different temporalities, so instead of guessing we can anticipate the market because they are patterns regardless of the token. Which will allow us to operate upwards as well as downwards and know at which points to close a Profit operation.
Added to supports and resistances (Fibonacci), detection of entries with MACD, EMA or MA (topics addressed in previous publications), Elliot Waves plus emotion management, it will undoubtedly be the best investment you can make in your life: Education !
Not only will you be a better trader, you will even be a better person. :)
Your mission is to go from theory to practice and never stop learning.
If you look at the graphs carefully, a forgotten skill, you will be able to notice three lines, whether exponential means or average means, reflect the average price of a security in different time periods.
The tool comes by default. But for those of us who are just learning, we will see that these lines show us the direction of the market. Regardless of the temporality 15 min 1h 4h 1s 1m, they will always intersect marking a possible entry for a long or a short regardless of the token.
If you are an observer, you will notice that the 15m time frame reflects it in 1h and reflects it again at 4h, which is very likely to reflect it in 1D. Coupled with volume and MACD.
Your task is to learn this pattern, to tattoo it in your subconscious. Without further ado, I'll let you practice it. Supports and resistances belong to another post.
We could list several points on which most of us will agree.
Learning to trade is no different from acquiring any other new knowledge such as walking or playing an instrument. Theory and practice, trial and error. So if we intend to survive this wild and ruthless world of trading we will have to take it seriously. If you want to be professional.
No doubt many will agree to LEARN to manage emotions (FOMO FUD), to be patient, not to be greedy, not to abuse excessive leverage and similar things.
Different subjects, different subjects of a registration, different degrees but observation cannot be missing. We have compared trading to going fishing or hunting, which is the same for practical purposes.
We must know the seasons and the places, we must have the essential tools and know how to detect the exact precise surgical moment.
And that is why we must learn to detect supports and resistances in a weekly framework, where the price is staked, between what ranges it is traded, hence the names of these concepts.
In short, buy low, sell high, so don't expect to learn and develop that skill in a u2 course or in a square post.
So let's practice. You just need to discover the resistances. At what point will the price stop rising.
Who would think of betting, investing their money in a falling market? It's not attractive at all. This is demonstrated by the greed index with 31 points.
While it is true that whales move the market, they need the retailer, which is where their profits come from, the masses. They are the ones they buy from when the market falls and they are the ones they sell to when it rises. Without this symbiosis it would not work.
So the large funds will have to inject, buy to raise the price, to attract those masses frantic to buy and they will not achieve it if they do not give confidence to the ecosystem, if everything is dyed red.
What motivates the retailer to enter if not those huge green candles, that enormous volume. And when that happens, the institutions are already positioned, preparing the next cycle that few have managed to understand.
After so much manipulation, many were left out of the play with their stop loss, without or little funds to operate even without courage and without hope. And if the whales have no one to sell to, if there is no demand this game would end.
The same never ending game. Those at the top squeeze those at the bottom. The faster we understand it we can change the way we operate. What takes us years to understand, burned accounts. But once we understand the game we can start having fun. Time will polish our already corrected operations. Above all our mentality.
We are not fortune tellers, we do not know when it will happen, at least we know his cards. And above all the supports and resistances that always coincide to the millimeter.
$ADA HARD FORK Another misunderstood, undervalued token.
How is it possible that newly listed tokens are worth more than ADA? A veteran token in the ecosystem but stagnant in its value and not in its development.
According to Honskinson, 70% of the installation of the new nodes will be reached in June. Ending in July. What seeks total decentralization, binance, giving all the decision-making power to the community and continuing with its roadmap towards #defi & #nft's , which is why it is not understood why it does not rebound.
And as the crypto adage says, buy the rumor, sell the news, let's plan this operation in advance.
What we buy below the line, in my opinion, will be a good purchase. Maybe it will reach $0.50 and I say it with that disappointment. May the mother of all crypto be wrong again and we see ambitious higher prices $1 will it be?
What can we lose at this point :) What is not yet known is whether this fork will bring a new token.
The greed index returns to 72 (75) after the most recent manipulation, demonstrating some caution on the part of retail investors with good reason.
Which gives us the possibility of acquiring legendary tokens at a good price. We are in no hurry, we buy from them when they sell (panic, uncertainty) we sell to them when they buy (greed) and let's be honest our profit is someone's loss, I just thought like a whale!
95% buy in green above, when the price begins to rise, the same as those who sell when the price begins to fall.
So let's start changing our way of thinking, our bad habits.
I share these graphs with you so that you can squeeze them, so that you can observe them and obtain the most information that you are able to extract; the rest depends on you.
It can go lower, it can. With the small difference that we enter the low zone, where the risk is much lower compared to the high zone.
A project that was announced since March, the merger of $FET $AGIX and $OCEAN to face the big technology companies and with the intention of entering the top 20.
It will take place from the 11th to the 13th of this month with 1:1 parity on FET and 1:043 for AGIX and OCEAN. Therefore the starting price of #ASI would oscillate between 1.75-2 if they do not start a frantic sale to get rid of their holdings, things that almost do not happen in this industry. If we added the three capitalizations we could reach 2B, which would imply surpassing PEPE or 6B, something too remote according to its objective.
Although it is possible to collect information on Square, Binance has not issued official information about the procedure.
So let's take our seats to enjoy this function. The best thing, the drop of a few minutes that we experienced a couple of days ago, which led us to purchase it for below 2 usd