#SOLUSDT

Price was in an uptrend and reached 187.23 and formed a high above R1. Price then pulled back after profit was taken and retraced below the pivot point at 162.64. Price may regain ground if it goes above the pivot point and might continue to surge and break the resistance line and may stabilize the uptrend. If not, then the trend will reverse and the price will plunge to S1.

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

The first UK #Bitcoin ETPs are now trading LIVE in London.

#DOGEUSDT

The asset is currently moving in an uptrend, having tested our trend line multiple times and got rejected. The price then formed a double-top pattern and successfully started to decline. We expect the price to retest our line and move back up. However, if the price continues to fall and breaks below our support line we can expect bearish movements towards S1.

https://www.tradingview.com/x/C6vTV1tJ/

#DOGEUSDT Update

Trade closed at BE. Price failed to break above the previous high so we will wait for further confirmation before entering another potential long.

https://www.tradingview.com/x/yugLCy0M/

#XRPUSDT

We can see that the price formed a falling wedge and moved to the upside as expected. The asset moved up then fell and tested our demand area. The price pulled back up after forming a double bottom and is expected to trade in this area, testing our 1st resistance line before continuing it’s move towards 0.7490.

https://www.tradingview.com/x/8uWG3BcA/

#NEARUSDT

Short
Risk: 1%
Entry: 7.419 (CMP)
Take-Profit: 6.585
Stop-Loss: 8.065

Price reached 8.484 and was rejected from the resistance line, hence it formed a supply zone. Price started to form lower lows and lower highs and then plunged below the pivot point. Price reached S1 and performed a pull back but might not be efficient, so most likely it will go below the support line and form new lows.

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

#ALICEUSDT

Target 2 done
Tabe closed
Profit: 2.68%

https://www.tradingview.com/x/qw91iaKj/

All signal are still valid and safe. A shakeout of weak hands and high-leverage traders is expected during weekend. We will let you know if there is any change of an initial plan.

Open Trades:
#AGIXUSDT
#AVAXUSDT
#AKROUSDT
#BIGTIMEUSDT

#NEARUSDT Update

The trade is in profit. Price tried to rebound after breaching support but failed to break its previous high so most likely it will continue downwards.

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

#BIGTIMEUSDT

Spot
Long
Risk: 1%
Entry: 0.1800 (CMP) / 0.1649
Target: 0.2088 / 0.2480
Stop Loss:0.1510

The price is currently declining and is in the lower part of the trend. Both the breakout and the retest of the trend have been successful. Additionally, it has undergone a successful change of character and is poised for a move to the point of interest and resistance. Will place a buy order around the higher low zone and set a stop-loss below the lower low to manage risk.

https://www.tradingview.com/x/1r01lvZQ/

#BIGTIMEUSDT

Target 2 has been reached.
Trade closed.
Profit: 2.39%.

https://www.tradingview.com/x/Sv7xYdI4/

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#AXSUSDT

Price formed a demand zone at 6.7 and has been surging by forming higher lows and higher highs. Price went above the pivot point, established a strong bullish momentum and breached R1 by forming a new high but then pulled back. Price might continue upwards because of strong bullish momentum and might be bought at discount prices.

https://www.tradingview.com/x/7jztOhw0/

The market sentiment is at Extreme Greed 75, reflecting high investor confidence and possible overvaluation. Selling or taking profits could be prudent, anticipating a potential market correction.

Federal Open Market Committee (FOMC) meeting will be held on June 11-12, 2024 which will trigger volatility

🚨 Major AI Coin Event Begins Today 🚨

The crypto world is buzzing with excitement as today marks the beginning of a significant event. Three prominent tokens, $FET, $AGIX, and $OCEAN, are merging to form a new token called $ASI.

Here’s what you need to know:

🗓 Event Start: Today, June 11. The merger will see $FET renamed to $ASI, with the process concluding on June 13.

🔄 Conversion Required: If you hold $FET, $AGIX, or $OCEAN tokens, you’ll need to convert them to $ASI tokens, each with its own conversion rate.

📊 Market Cap: The new $ASI token will boast a market cap of $7.5 billion, placing it among the top 20 cryptocurrencies.

🔹 $FET to $ASI: $FET will transform into $ASI with a supply of 2.63 billion tokens, starting at $2.82.

🔹 $AGIX and $OCEAN Conversion: These tokens will be converted at a rate of 0.433 to 1.

How the Token Exchange Works:

🔄 Base Token: $FET will become $ASI. An additional 1.48 billion tokens will be minted, with 867 million $ASI going to $AGIX holders and 611 million $ASI to $OCEAN holders.

🔄 Swap Dates: Starting June 11, you can swap $FET for $ASI tokens via the official token migration contract. $AGIX and $OCEAN swaps will be available from June 13.

CPI Data and FOMC Today

🔹CPI data will come around 2:30 PM (GMT+2)

🔹If data is 3.4% or lower market will pump.

🔹if data higher then 3.4% market will dump.

🔹Chances of high CPI data is low

🔹Also FOMC Intrest rate decission will come at 8:00 PM GMT +2 today.

🔹No change is expected

🔹If CPI data is lower then there are chances that FED can cut Intreset rate in coming months.

JUST IN: 🇺🇸 US inflation falls to 3.3%, lower than expectations.

BREAKING: 🇺🇸 Federal Reserve pauses interest rate hikes, remains at 5.25% - 5.50%.

#FOXYUSDT

Spot
Short
Risk: 1%
Entry: 0.0218519 (CMP) / 0.226648
Target: 0.0183783 / 0.0130888
Stop-Loss: 0.0240

The price has closed below the resistance level, indicating a bearish change of character. This breakdown is expected to lead to a collapse of the bearish structure, with a potential dragdown to the support. We plan to enter a short position around the resistance level, with a stop-loss above the resistance, aiming to capitalize on a downward move that breaks the structure and reaches the support zone.

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