Swing High is a local high point on the price chart, where the price peaks before declining. It is typically identified when a candle has a higher high than the candles before and after it. As shown, Swing High is marked with a dashed green line. Conversely, Swing Low is marked with a red line. In price action, when a candle closes above the nearest Swing High, it is commonly referred to as a Breakout, meaning it breaks through the peak area. This breakout indicates that buying pressure has surpassed selling pressure and has prevailed. If accompanied by significant volume, especially a spike in volume, this breakout is even more certain. Here, I wrote an indicator on TradingView called "Breakout Swing High Low" to gift to those who follow for trading coins or FX. You can find it in the indicator section and add it easily. Regarding breakout trading methods, there are many, for example, waiting for the price to return to the Swing High that was previously surpassed to place a long order, targeting the nearest resistance area, and setting a stop loss at the base of the breakout candle as shown, with a generally good risk-reward ratio. The indicator will automatically identify the Swing High and Low peaks and draw the green and red lines accordingly. When it detects a breakout candle, it will draw a small green or red triangle depending on whether the breakout is bullish or bearish. Invite you all.
#Kava on Binance, will it break out? Currently, on the weekly frame, the price is at a strong support zone shaped like a V (strong support), at this zone the price is accumulating with a larger volume than before, it can be said that there has been some gathering here. Waiting for a breakout above the trendline with large volume, ideally a spike in volume, then it might take off. The price of Kava is quite similar to those altcoins with gathering force like Near..., at this stage BTC is holding firm at 84k, so many alts are experiencing similar accumulation. Regarding social media, the project recently posted an article that had nearly 80k interactions, which is the article The KAVA AI Trading Challenge on Binance: https://t.co/gmqt2TtPEx It seems that the project is starting to gear up for a better market picture in Q2. Mcap 450M, vol 24h 10.3M, quite good liquidity. Regarding FA, KAVA is the native token of Kava Network, a Layer-1 blockchain that combines the speed and interoperability of Cosmos SDK with development support from Ethereum. Kava focuses on the field of decentralized finance (DeFi), providing services such as collateralized loans, stablecoins (USDX), and cross-chain asset swaps. Strengths: -Support from Binance: Investment and support from Binance (through Launchpad and USDT integration) provide high reliability and liquidity. Weaknesses: -High competition: Kava must compete with major DeFi platforms like Aave, Compound, and blockchains like Solana, Tron (which have higher TVL). In conclusion: Potential accumulation zone $0.3-$0.4, SL when the price is below $0.22, TP zone $1.13. To be safer, wait for a strong breakout candle that breaks through the weekly trendline. Finally, pay attention to CZ lately as he keeps announcing the deletion of a series of coins from Binance to ensure reasonable volume and understand the risks.
List of coins listed on Binance since the beginning of this year, 100% have decreased by over 70%, even -94%, it seems since the day the CEO was changed, it has been quite harsh for the community.
Navarro is Trump's senior trade advisor. Musk said: Navarro is dumber than a brick. Then he continued: peter retarrdo, this is not a language at all, it is a pun found in memes, meaning it refers to someone with intellectual disabilities. Is this any different from insulting Trump :)) Is the deal supporting Trump likely to be Musk's own ... !!
The trade war between the US and China is at its peak. The US has imposed a 104% tariff on Chinese goods starting at 12:01 PM on April 9 (US time). The market immediately reacted negatively. Bitcoin surpassed 80k but fell back to 76k; during this time, there will be no cash flow into crypto, so the short-term sentiment is quite pessimistic. However, it is expected to be like the 2017 period when Trump was president, also imposing heavy tariffs on China, followed by stable negotiations between the two sides.
The meeting to announce interest rates and the FOMC statement at 1:00 AM this morning had a slight impact on BTC, rising from 84k to 87k. Main content: The FED keeps the interest rate at 4.5%. The tone is assessed as hawkish. The Fed emphasized that inflation is still "somewhat elevated," although progress has been made. This indicates that the Fed is not satisfied with the pace of reducing inflation to the target level of 2%. In short, tightening will occur, leading to a reduction in capital for risk assets like Bitcoin in the short term, so why did BTC rise from 84k to 87k after the news? This is because the FED also simultaneously signaled quantitative easing to maintain liquidity in the financial market, and the long-term expectations of interest rate cuts may support positive sentiment for BTC in the coming weeks. In conclusion, BTC may drop to the 83-84k range and then rise again.
#cake currently at $2.5, is a token that can be boarded at this time because it is too undervalued. Just seeing a series of tokens on the BSC dex skyrocketing, with some tokens like #Mubarak increasing more than x1000 in just a few days, many tokens increasing by dozens to hundreds of times, is a signal of resurgence for the BSC system. Especially CZ is very actively promoting tokens in this ecosystem, learning from Musk's shilling methods. The more tokens that rise, the more money flows in, which in turn increases fees for Cake. Currently, fees have risen to about the level of 2021, which was the peak period for Cake. TVL 1.6B, Fees 1.36B but cap 723m. In 2021, Cake's market cap was around nearly 7B. That's why Cake is appealing. Please feel free to evaluate.
U.S. President Donald Trump has revealed the names of five cryptocurrencies that he said he wants to include in a new strategic reserve to make the U.S. the "Cryptocurrency Capital of the World". The market prices of the five coins he mentioned - Bitcoin, Ethereum, XRP, Solana, and Cardano - all surged after the announcement. It is unclear how the new reserve will operate. Details are expected to be available on Friday, when Trump plans to hold the first cryptocurrency summit at the White House.
In a social media post on Sunday, Trump stated that he had signed an order "directing the President's Task Force to proceed with the establishment of a cryptocurrency strategic reserve including XRP, SOL, and ADA".
About an hour later, he added in another post: "And clearly BTC and ETH, as well as other valuable cryptocurrencies, will be the focus of the Reserve".
The first three coins he mentioned saw price increases of up to 62% on Sunday.
Bitcoin and Ethereum also rose more than 10% each.
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Today, President Trump launched a really terrible meme, the whole dex was drained of blood. There are wallets I follow that have been worth several million dollars, now they are x3 like this wallet that has been worth 2.5 million dollars.
Recently summarizing my dex plays, I see the following: - Only about 10% of the plays go up right away - Most are down 50% to split 2 or 3 times before they pump up and go - A few plays go down /10 then go up 3-4 times - I tend to hold on to support (about 1-3% of total), I used to use one wallet to hold, so the market was quite brutal, selling it would push it up. Therefore, now I have to split into many wallets to hold - Any play with a market cap of a few million or less, when called public, tends to split before going up, by that time most of the stock has already dropped, like the previous labubu, which split 2-3 times before going up more than ten times.
Happy New Year 2025. This year, we will witness the biggest wave of crypto. Stay confident, stay strong! Many will make a million dollars this year. 2025 with the slogan: Go big, not small!