With the daily close above the resistance area, bearishness is invalidated.

This entire setup was not that interesting to us that’s why we didn’t take short in our premium channel.

$10500 was tested too many times and it seems like it’s going to be turned into the support before the price goes up again.

Seems that LINK reached its top.

ETHUSD on the way towards main resistance at $400.

The close above that resistance and we can target the previous high as the first main target.

Keep in mind we still do not have the confirmation and that this is still top of the range that can act as resistance.

Wouldn’t be surprised to see something like this in weeks and months to come.

Didn’t see any reason why most people called longs and suggested buying after that obvious pump and dump wick.

Ethereum Average Transaction Fee is at a current level of 11.79, up from 4.401 yesterday and up from 0.3978 one year ago. This is a change of 167.8% from yesterday and 2.86K% from one year ago.

Sending ETHEREUM is quite expensive these days.

No matter how much we like crypto, with these fees it’s not ready for massive adoption in terms of being a payment method.

#FACTS

Looking above yesterday’s high what will happen. The short setup in that area seems to be a great idea not because of the direction but because of the risk-reward on that trade which is almost 1:6.

Not the best conditions for trading but we'll try to get as best setups as we can.

Couldn’t be better than this

Halfway done ✅

Others were calling move up 🤔

If you want to be part of our Premium channel, message @CryptoSignalsAdmin.

Join the Premium Channel and don’t miss out on signals like this one. It’s an amazing trade of 1:6 risk reward 🔥

To join message @CryptoSignalsAdmin for more info!

Target reached ✅🚀

1:6 risk reward trade completed 💪

Update on the Bitcoin chart coming tomorrow morning but currently, I’m bearish.

GOLD and SPX taking dive so most likely Bitcoin is to follow these markets.

Don’t want to share some random targets on Bitcoin because it’s pretty clear.

The next target for bears is the previous low at $9.7k.

If that gets broken, we may see a nice dive from Bitcoin…

Said already a few weeks ago that lows around $8.8k seem like a nice area to attract some wicks so that’s my next target.

$10500 is very important area.

Price above this area targets $11500 while the price below $10500 targets $9500 price region.

Use $10500 as the area for stop loss placement.

For long position, place sl a little ibt below while for shorts, put sl a little bit above this area.

Keep it simple.

Total stablecoin market cap hits $20 billion.

💲Digital Dollar is Coming Out

"Member banks shall open and maintain pass-through digital dollar wallets for all persons, including persons eligible to receive payments from the United States pursuant to a Federal law relating to the coronavirus disease 2019 (COVID–19), who elect to deposit funds into pass-through digital dollar wallets."

https://www.congress.gov/bill/116th-congress/senate-bill/3571/text