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2022-10-18 15:05:43 #Communitymetre — S&P500 — Asset of the day

At the moment, there is a strong correlation between S&P500 and BTC, and as a consequence the whole crypto market. S&P500 is currently testing the 200-week moving average (MA). Also, a large volume in BTC futures was noticed at this level on some of the largest exchanges.

This level is very important for both bulls and bears. Its breakdown could indicate bearish dominance and lead to a drop of the bitcoin price below the support level in the $18,000 area, which opens an opportunity for short trading.

The second scenario — a bounce from the 200-week MA — is a positive signal for the bulls. It may lead to a local rise with $25,000 as a target price.

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2022-10-17 16:23:21 Open / Comment

2022-10-16 22:54:29 Results of the week 10.10.2022 - 15.10.2022

#XRPUSD Forecast was made here

#ADAUSD Forecast was made here

#ETHUSD Forecast was made here

#SOLUSD Forecast was made here

#MATICUSD Forecast was made here

#BTCUSD Forecast was made here

#Communitymetre Open / Comment

2022-10-11 18:31:08 For the fastest! Scalping!
# Knowledge — What is a scalping?

Scalping — is a trading strategy in which a trader makes transactions daily, trying to profit from each transaction. The point is to catch up the trend and take advantage of it. Sometimes positions are held for no more than a few minutes.
 
it could be helpful for scalpers to constantly analyze market conditions to make quick and well-informed  trading decision.
 
Learn more at the CEX.IO Broker Knowledge Base
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2022-10-11 12:46:20 Open / Comment

2022-10-11 12:44:59 #Communitymetre — ADA/USD — Asset of the Day.

The ADA price has been experiencing bearish market conditions since mid-September, and the bearish momentum may still remain. The resistance line is steadily below the 20-day EMA, despite the attempt for a bearish-to-bullish reversal in early October.

The MACD line crossed the zero line from top to bottom. Nevertheless, the Elder strength index shows a gradual weakening of the bearish momentum.

On October 10, the asset moved outside the Bollinger Bands and broke down the major support level of $0.41.

This situation could empower the bulls to return the asset to the 20-day EMA level or $0.42.

However, if the bears manage to sustain the momentum, a downward movement could continue.

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2022-10-10 16:03:33 Open / Comment

2022-10-10 16:00:47 #Communitymetre — XRP/USD — Asset of the Day.

XRP/USD has been trading above the 20-day moving average, reaching the upper border of the Bollinger channel.

The bulls managed to break the levels of the local high, outlining the prerequisites for an uptrend. But the bears could try to push the price back to 20-day EMA levels or $0.506.

The MACD lines are still above the zero line, while the strength index supports the bulls. However, if the bears break through the 20-day EMA, the price can move to the $0.44 level.

SEC lawsuit against Ripple continues to create uncertainty in the market, meaning any news could both strengthen the market's faith in the token and undermine it.

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2022-10-08 11:04:12 Open / Comment

2022-10-08 11:03:36 #Communitymetre — Polygon (MATIC) — Asset of the Day.

The MATIC price moved above the cluster of moving averages and reached the downtrend line.

The bears managed to temporarily stop the bullish momentum, but the asset continues to consolidate near the resistance line.

The 20-day EMA is gradually sloping up, the RSI has entered positive territory, and the MACD lines have crossed the zero line.

This may support the bulls in a potential breakout of the downtrend line, and open the way to the $0.98 level.

If the bears defend the resistance line and push the price below the cluster of moving averages, then the nearest targets could be $0.77 and $0.7.

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