Mastak
Frequent Trader
4.1 Years
Crypto money
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💧 $LDO reached the bottom
Lido - the largest project in the DeFi sector. It is liquid staking of Ethereum 🔹.
Like the blockchain of Ethereum itself, projects on it have not been performing well lately. Since 2023, the price has been declining within a "downward price channel" 📉.
Recently, liquidity has been withdrawn below the global support level of ~$0.89. At that moment, a "bullish divergence" was formed on the RSI indicator.
Based on the current situation, a gradual recovery is to be expected. Main targets: the level of ~$0.89 and the upper boundary of the channel 🎯.
Lido - the largest project in the DeFi sector. It is liquid staking of Ethereum 🔹.
Like the blockchain of Ethereum itself, projects on it have not been performing well lately. Since 2023, the price has been declining within a "downward price channel" 📉.
Recently, liquidity has been withdrawn below the global support level of ~$0.89. At that moment, a "bullish divergence" was formed on the RSI indicator.
Based on the current situation, a gradual recovery is to be expected. Main targets: the level of ~$0.89 and the upper boundary of the channel 🎯.
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🪙 Bitcoin VS Gold 🥇
$BTC
The chart since October shows two patterns between the movements of gold and Bitcoin ☝️. Sometimes they correlate, and sometimes there is an inverse correlation.
Globally, both charts are rising. However, locally, there is an inverse correlation, where one decreases while the other increases.
Logically, we should now see a local pullback in gold and a rise in Bitcoin. But in a more global perspective, both assets will rise 🐂.
$BTC
The chart since October shows two patterns between the movements of gold and Bitcoin ☝️. Sometimes they correlate, and sometimes there is an inverse correlation.
Globally, both charts are rising. However, locally, there is an inverse correlation, where one decreases while the other increases.
Logically, we should now see a local pullback in gold and a rise in Bitcoin. But in a more global perspective, both assets will rise 🐂.
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🪐 $XLM changes the trend
We see a quite standard picture on the 4-hour timeframe. The price of Stellar is coming out of correction in the standard way for recent years.
The price has broken the upper boundary of the "bullish wedge" pattern 🐂. It has reached a mirror level at around ~$0.29, which serves as the only strong resistance nearby.
A local pattern of "compression" is also forming in a bullish shape of "inverted head and shoulders." Only the right segment remains to be drawn to complete it.
The combination of the wedge + inverted head and shoulders is standard for reversal periods after corrections. It is most likely that we will see a continuation of the trend here 📈
We see a quite standard picture on the 4-hour timeframe. The price of Stellar is coming out of correction in the standard way for recent years.
The price has broken the upper boundary of the "bullish wedge" pattern 🐂. It has reached a mirror level at around ~$0.29, which serves as the only strong resistance nearby.
A local pattern of "compression" is also forming in a bullish shape of "inverted head and shoulders." Only the right segment remains to be drawn to complete it.
The combination of the wedge + inverted head and shoulders is standard for reversal periods after corrections. It is most likely that we will see a continuation of the trend here 📈
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🔴 $TRX
continues to move in accumulation
At the moment, it was not possible to break through the upper boundary of the accumulation and the VA zone (Value Area High line) upwards. A level was hit at approximately ~$0.26, and a 'false breakout' occurred along with the candlestick pattern 'bearish pin bar' 🐻.
During the pullback, the price remained in the upper half of the range. It touched and held the midline of the channel, 50EMA, and the Point of Control line.
In the future, I still expect a gradual upward breakout. Here, the coin is preparing to follow the overall market trend 📈
continues to move in accumulation
At the moment, it was not possible to break through the upper boundary of the accumulation and the VA zone (Value Area High line) upwards. A level was hit at approximately ~$0.26, and a 'false breakout' occurred along with the candlestick pattern 'bearish pin bar' 🐻.
During the pullback, the price remained in the upper half of the range. It touched and held the midline of the channel, 50EMA, and the Point of Control line.
In the future, I still expect a gradual upward breakout. Here, the coin is preparing to follow the overall market trend 📈
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Opened a long position at $ATOM
The coin is currently showing decent movement in the market and is rising well against BTC. We received support in the form of Ichimoku cloud and moving averages. The volumes are at a normal level and there are no aggravating circumstances from the indicators (RSI, MACD, etc.).
I am taking a very small stop - less than 4% of pure movement and a ratio of over 1 to 5, as the market is terrible, but you understand that without me. Here, we must primarily rely on BTC, as it pulls the entire market behind it, except for a couple of coins.
I am entering with a working volume in the market.
Targets: $4.626 - $4.895 - $5.182
Stop: $4.241
The coin is currently showing decent movement in the market and is rising well against BTC. We received support in the form of Ichimoku cloud and moving averages. The volumes are at a normal level and there are no aggravating circumstances from the indicators (RSI, MACD, etc.).
I am taking a very small stop - less than 4% of pure movement and a ratio of over 1 to 5, as the market is terrible, but you understand that without me. Here, we must primarily rely on BTC, as it pulls the entire market behind it, except for a couple of coins.
I am entering with a working volume in the market.
Targets: $4.626 - $4.895 - $5.182
Stop: $4.241
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Has the story with Trump's tariffs and duties come to an end?
🤔
Everyone seems to have forgotten about Trump's tariffs and duties. But is everything resolved with them?
After the introduction of tariffs and duties on literally all US partners, the market plummeted 📉. Currently, a pause has been introduced for most of them during negotiations. But what will happen after?
At the moment, the market assumes that the pause will end with the conclusion of deals 🤝. It was the same during the increase of tariffs on goods from Mexico and Canada, but ultimately they were still implemented after the pause.
Everyone seems to have forgotten about Trump's tariffs and duties. But is everything resolved with them?
After the introduction of tariffs and duties on literally all US partners, the market plummeted 📉. Currently, a pause has been introduced for most of them during negotiations. But what will happen after?
At the moment, the market assumes that the pause will end with the conclusion of deals 🤝. It was the same during the increase of tariffs on goods from Mexico and Canada, but ultimately they were still implemented after the pause.
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Opened a long position at $SOL
The asset shows a confident movement and managed to break through the resistance at $151.788. The project itself is developing quite well.
We have moved above the cloud, which has flipped, and we have a good potential for movement in the range of $172.495 - $180.932.
There is still uncertainty in the market, but I believe that we will be able to see at least another local increase in the near future.
Targets: $161.772 - $170.691 - $180.932
Stop: $143.004
The asset shows a confident movement and managed to break through the resistance at $151.788. The project itself is developing quite well.
We have moved above the cloud, which has flipped, and we have a good potential for movement in the range of $172.495 - $180.932.
There is still uncertainty in the market, but I believe that we will be able to see at least another local increase in the near future.
Targets: $161.772 - $170.691 - $180.932
Stop: $143.004
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📈 $ARB continues to develop growth
According to my previous forecast for Arbitrum, the price has already risen by +22%. At the same time, the growth is accelerating.
We can observe a typical break of the downward trend 📉. This is characterized by the price simultaneously breaking the trendline under which the decline was occurring, as well as the nearest resistance level.
In this case, it is expressed in the breakout and the beginning of the formation of a "bullish wedge" and "bullish divergence". The resistance level here was marked at ~$0.31.
In the coming months, I expect a recovery of Arbitrum and similar altcoins 📈
According to my previous forecast for Arbitrum, the price has already risen by +22%. At the same time, the growth is accelerating.
We can observe a typical break of the downward trend 📉. This is characterized by the price simultaneously breaking the trendline under which the decline was occurring, as well as the nearest resistance level.
In this case, it is expressed in the breakout and the beginning of the formation of a "bullish wedge" and "bullish divergence". The resistance level here was marked at ~$0.31.
In the coming months, I expect a recovery of Arbitrum and similar altcoins 📈
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Opened a short at $ICP
The asset, although it showed a breakout of the diagonal to the upside, appears to be quite weak, and the market is bearish, so I don't think we will see continued growth.
Trading volumes have started to decline again, and the price tested the MA200, I believe we will go below it in the near future.
I am speculating further correction, as BTC dominance is still high and the chances for a full market reversal are very low.
Targets: $4.809 - $4.446 - $4.072
Stop: $5.528
The asset, although it showed a breakout of the diagonal to the upside, appears to be quite weak, and the market is bearish, so I don't think we will see continued growth.
Trading volumes have started to decline again, and the price tested the MA200, I believe we will go below it in the near future.
I am speculating further correction, as BTC dominance is still high and the chances for a full market reversal are very low.
Targets: $4.809 - $4.446 - $4.072
Stop: $5.528
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📉 $BTC is being massively withdrawn from exchanges
The volumes of BTC withdrawals from exchanges have reached a minimum since 2023, which may indicate an active accumulation phase by investors.
Often after such periods of impulse withdrawals, price increases follow; let's see if it works this time 🔼
The volumes of BTC withdrawals from exchanges have reached a minimum since 2023, which may indicate an active accumulation phase by investors.
Often after such periods of impulse withdrawals, price increases follow; let's see if it works this time 🔼
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🪙 $BTC completely meets my expectations
The price has successfully broken above the resistance represented by the 50-day and 200-day EMAs. This served as the main trigger for the rise. The price was also propelled upward by a "bullish wedge" and "bullish divergence" with the RSI 🐂.
Additionally, we managed to break through the mirror level of ~$92,000 on the first attempt. If we establish ourselves above it on the daily timeframe, we can expect a gradual rise towards ~$106,000 📈
The price has successfully broken above the resistance represented by the 50-day and 200-day EMAs. This served as the main trigger for the rise. The price was also propelled upward by a "bullish wedge" and "bullish divergence" with the RSI 🐂.
Additionally, we managed to break through the mirror level of ~$92,000 on the first attempt. If we establish ourselves above it on the daily timeframe, we can expect a gradual rise towards ~$106,000 📈
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✅ $ARB is coming out of the fall
According to my previous forecast for Arbitrum 📶, its price is going up. The increase has already reached +10%
The price is attempting to consolidate above the upper boundary of the 'bullish wedge' pattern 🐂. Its upper boundary has been broken, indicating a departure from a clear downward trend.
However, the level of ~$0.31, which is the nearest strong resistance, has not been broken yet. It seems to me that the nearest consolidation will take place just below it.
Overall, the token is already ready for the start of growth. I would expect a transition to recovery within the next month to month and a half 📈
According to my previous forecast for Arbitrum 📶, its price is going up. The increase has already reached +10%
The price is attempting to consolidate above the upper boundary of the 'bullish wedge' pattern 🐂. Its upper boundary has been broken, indicating a departure from a clear downward trend.
However, the level of ~$0.31, which is the nearest strong resistance, has not been broken yet. It seems to me that the nearest consolidation will take place just below it.
Overall, the token is already ready for the start of growth. I would expect a transition to recovery within the next month to month and a half 📈
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🦅 A new head of the SEC has been appointed
Paul Atkins has taken the place of Gary Gensler. The SEC itself published a press release on this matter.
The most important thing is that Paul has a positive attitude towards crypto 👍. In his opinion, the cryptocurrency market needs sensible regulation. He also mentioned that the SEC should establish rules in advance, rather than relying on the courts.
In general, we should not expect the kind of crackdowns on crypto companies that we saw in previous years. Let's hope they will create clear and understandable regulations for crypto in the near future, and that stories like "the list of coins that the SEC considers securities" will not be repeated 🤞
Paul Atkins has taken the place of Gary Gensler. The SEC itself published a press release on this matter.
The most important thing is that Paul has a positive attitude towards crypto 👍. In his opinion, the cryptocurrency market needs sensible regulation. He also mentioned that the SEC should establish rules in advance, rather than relying on the courts.
In general, we should not expect the kind of crackdowns on crypto companies that we saw in previous years. Let's hope they will create clear and understandable regulations for crypto in the near future, and that stories like "the list of coins that the SEC considers securities" will not be repeated 🤞
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Currently, 72 cryptocurrency ETFs are awaiting review by the SEC (U.S. Securities and Exchange Commission) for approval to list or trade options. Among them are ETFs on $XRP , $LTC , $SOL , as well as more unusual options including penguins, Dogecoin, and even 2x Melania. This year promises to be truly crazy.
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$TRX entered accumulation
As I mentioned, the coin has quite a strong fundamental 💪. However, there are also some downsides.
For example, the tokenomics of the project is not entirely clear. Most likely, this is related to the large % of the total supply in the hands of the project team and its creator, Justin Sun. This is quite a significant risk 🔴, as we can see from the situation with OM.
As for the chart, accumulation is happening sideways between ~$0.22 and ~$0.26. The price has already taken liquidity below the lower boundary of this range, so the most likely breakout is upwards.
To continue the global uptrend, it is necessary to secure above the accumulation VA 📈
As I mentioned, the coin has quite a strong fundamental 💪. However, there are also some downsides.
For example, the tokenomics of the project is not entirely clear. Most likely, this is related to the large % of the total supply in the hands of the project team and its creator, Justin Sun. This is quite a significant risk 🔴, as we can see from the situation with OM.
As for the chart, accumulation is happening sideways between ~$0.22 and ~$0.26. The price has already taken liquidity below the lower boundary of this range, so the most likely breakout is upwards.
To continue the global uptrend, it is necessary to secure above the accumulation VA 📈
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Key Events for the Upcoming Week
Monday, April 21:
🔁 #BNB Volta Update for Mainnet opBNB
🔁 #L1X Layer One X will release X-Talk update
🗽 #XRP Coinbase Derivatives will begin self-certification of XRP futures
🔓 Unlocks: Plume (#PLUME) - 1.10% (18.06 million $)
Tuesday, April 22:
🔁 #INJ Injective Mainnet Update to v1.15.0
🔁 #SCR Second Phase of Scroll Euclid Hard Fork
🔁 #BNB Volta Update for Mainnet opBNB
🔁 #L1X Layer One X will release X-Talk update
🗽 #XRP Coinbase Derivatives will begin self-certification of XRP futures
🔓 Unlocks: Plume (#PLUME) - 1.10% (18.06 million $)
Tuesday, April 22:
🔁 #INJ Injective Mainnet Update to v1.15.0
🔁 #SCR Second Phase of Scroll Euclid Hard Fork
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An ETF can be launched on $TRX
Canary Capital has submitted applications for spot Tron ETFs. It also implies staking.
Tron is currently a unique asset in terms of its usability. In most cases, it is purchased to pay fees when transferring USDT. There are relatively few investors in it 🤷♂️.
Tron is not an obvious coin for investment, as no one is promoting it. Such coins should be looked at now 💼
Canary Capital has submitted applications for spot Tron ETFs. It also implies staking.
Tron is currently a unique asset in terms of its usability. In most cases, it is purchased to pay fees when transferring USDT. There are relatively few investors in it 🤷♂️.
Tron is not an obvious coin for investment, as no one is promoting it. Such coins should be looked at now 💼
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A selection of movies for investors for the weekend 🍿
▪️ "Don't Trust Anyone: The Hunt for the Crypto King" (2022) – an investigation into the mysterious death of the founder of the cryptocurrency exchange QuadrigaCX.
▪️ "Margin Call" (2011) – one night in a bank that realizes a crisis is looming. How will the sharks on Wall Street tackle this challenge?
▪️ "Bad Money" (2023) – a comedic drama about traders who outsmarted Wall Street with GameStop stocks.
▪️ "Margin Call" (2011) – one night in a bank that realizes a crisis is looming. How will the sharks on Wall Street tackle this challenge?
▪️ "Bad Money" (2023) – a comedic drama about traders who outsmarted Wall Street with GameStop stocks.
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All about the RSI indicator
RSI (Relative Strength Index) is an oscillator that measures the speed and change of price movements. It fluctuates between 0 and 100 and shows when an asset is overbought or oversold.
Formula: RSI = 100 - (100 / (1 + RS))
Where RS = average price increase over a given period / average price decrease over the same period.
Formula: RSI = 100 - (100 / (1 + RS))
Where RS = average price increase over a given period / average price decrease over the same period.
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