#WUSDT Update

The price had a sharp decline towards our second entry point which just got activated. We are patiently holding the position as we still aticipate bullish movements from this area of support.

https://www.tradingview.com/x/AVTHOPNT/

#GMTUSDT Update

The current market is about to breakout to the upside and it is currently trading 8% above our entry point. We move target 1 to current price by closing 40% and update our stoploss to the entry point in order to have a risk-free trade as we approach our targets.

Take Profit 1 is now at 0.2491
Stop Loss is moved to breakeven point at 0.2305

https://www.tradingview.com/x/8eKdXTFe/

#POWRUSDT
Price dropped from 0.3235 and broke structure around 0.3056. Price has tested resistance and is expected to trade in this area before pushing back to the upside. If price breaks above pullback zone we can target the previous highs.

https://www.tradingview.com/x/tuiruJAZ/

#WUSDT Update

The price had a sharp decline towards our second entry point which just got activated. The current situation of the market is bearish and pushing down for liquidity raid before any upwaed movement. will love to close the position on current market price 0.534 with 0.81%📉 loss and exercise patience for completion of the liquidity raid.


https://www.tradingview.com/x/7FEOy4yb/

#CAKEUSDT

Price reached 2.59 and formed a new low. Price rallied from S1 and went above the pivot point and it reached the supply zone. After reaching the supply zone, the price formed a high and then plunged back below the pivot point. Price might perform a pullback and might try to rally above the pivot point. If this case doesn't happen, then the price might continue to plunge and the continuation of the downtrend might be confirmed from the break of structure at 2.76

https://www.tradingview.com/x/APXXsE3b/

Crypto Market Insights

1) U.S. SEC expected to deny spot Ether ETFs next month

The United States Securities and Exchange Commission (SEC) will most likely deny spot Ether
exchange-traded funds (ETF) in May, according to a new report. Reuters reported on April 24 that U.S. issuers and other firms expect the SEC to reject spot Ether ETF applications next month following meetings with the regulator in recent weeks, citing four people who participated in the meetings. The sources opposed the unsuccessful talks regarding Ether ETFs to detailed discussions between issuers and the agency in January, weeks before it approved spot Bitcoin ETFs. Many analysts agree that the SEC is likely to further delay possible approval of Ether ETFs.

2) Bitcoin mining profits get squeezed post-halving

Faced with a high network hash rate and lower revenues, Bitcoin miners could be in for a rough couple of months as the market adjusted to the quadrennial halving. According to crypto analytics firm CryptoQuant, miners’ hash price has declined from nearly 12 cents in early April to 7 cents post-halving. The hash price peaked at 19 cents on halving day, with mining revenue reaching $107 million. In Bitcoin mining, the hash price refers to mining revenues generated on a per tera-hash basis. Despite seeing lower revenues, CryptoQuant said overall market conditions remained stable.

Study candlestick pattern

#ZECUSDT
After testing resistance, the price fell breaking below the 22.41 support area and is now trading in a new zone. Price has tested 22.13 levels and is looking to reverse to the upside. If price brakes above 22.41 we can look for buying opportunities. However, if the price continues its bearish movement and breaks below our indicated line, we can expect further bearish momentum towards 21.50 levels.
https://www.tradingview.com/x/YIptNf86/

#GALUSDT

Risk: 1%
Entry : 3.54 (CMP)
Tp : 3.8 / 4.2 / 4.62
SL : 3.1642

Price tested the demand zone around 3.5 and now could recover the red engulfing candle and tap our supply zones. This move may take few days or more depending on BTC which need to reclaim 63600 for the move to fuel some momentum to the upside. If BTC loses 61700 we need to be cautious and try to close our position

https://www.tradingview.com/x/2w8xPH3d/

#CAKEUSDT Update

Short (Sell Limit)

Entry: 2.782
SL: 2.970
TP: 2.580/2.413
Risk: 0.5%

Price plunged as expected and formed lower lows and lower highs. Price tried to rally at the pivot point but failed. The break of structure confirmed the continuation of the downtrend. Price will have to pullback at its previous high and then plunge.

https://www.tradingview.com/x/3SD3kMPE/

#GALUSDT

Waiting for the long support for placing a long position as the 1hour resistance rejected and expecting the 4hours support to hold and then push to the 1 and 4hour resistance. And if Stoploss hit, I will close and Re-enter 15% below the Stoploss
https://www.tradingview.com/x/rZR0dmay/

#CKBUSDT


Following the liquidity hunt, the price declined and formed a bullish structure. It is anticipated to go to the intermediate resistance from where it is presently establishing a daily support. will close the position if Stoploss hit and wait to see reaction around 15% below the stoploss

Long
Risk: 1%
Entry: 0.017933 (CMP)/ 0.016788
Target: 0.020773 / 0.023095 / 0.027084
Stoploss: 0.015634

https://www.tradingview.com/x/0DlcRbwk/

Currently, we have two #GALUSDT calls. One is swing, the other one is intraday. Don’t be confused since both calls are valid and we following them closely.

#GMTUSDT

Hit stoploss at breakeven after closing 40% of position at 0.2491 profit with 0.4%

https://www.tradingview.com/x/McQCHzIC/

#LTCUSDT
Price fell from 129.00 levels tested support and has been trading in between our zones smoothly, price now seems to be heading toward a support once more and is expected to move back to the upside. However if price breaks below this area we can be looking for more bearish momentum

https://www.tradingview.com/x/oxREBn7y/

#PEPEUSDT

Price reached 0.00001011 after a strong bullish trend and then plunged after forming a supply zone. Price formed lower highs and lower lows and then formed a new low at S2 and then rallied. Price breached the pivot point but went back below it. Strong bearish pressure might cause the price to break major support levels and plunge further.

https://www.tradingview.com/x/8u5TuXQl/

#CKBUSDT

It successfully filled the 2 entry level which are 0.017933 and 0.016788 making average 0.0173605. Its droped below the entry price reacting to btc dumped. Will be closing the position now on current price 0.0161 and then wait for new month open.

https://www.tradingview.com/x/RpTdnF6L/

#BTCUSDT

After several tests of the 60k mark, BTC broke the so called bullish territory and sits now around 57k. The retest is done on the 4 hour and we have Powell speaking today and can devastate everything according to his speech. We recommend trying to close every long position at BEP if given the chance or take the loss before Powell.

https://www.tradingview.com/x/QpeiqhTA/

#GALUSDT

Price is struggling to hold but doing better than other alts considering the dump that happened, We expect price to retrace back to the blue zone (FIB extension) at least if BTC gives us some rest. Both ways if price reaches entry again we need to reduce or close the position. GAL down 32% in 2 days !

https://www.tradingview.com/x/I43tn4Ka/

#GALUSDT
Close 50% of the position here at 3.632
Profit : 1.66%
Description updated: added instrument for better navigation.