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Yesterday morning, it was mentioned that btc 58200 has retraced twice recently, and if it goes down again, it will touch 57700 and 57100. After reaching 57700 again last night, it Rebounded to near 59300 now (resistance in the morning, if you enter here in the morning, you should take profit earlier), indicating strong support around 5.8w, and there is free access between 58000-60000. Once this level is strongly broken, it will collapse. The downward structure remains unchanged, so it is still mainly shorting on highs today, and there are opportunities for long positions, but they are all short-term and small Positions.
BTC short: 59850 (take profit at 58800-58555 and leave a part), 61125-61600 (add short, stop loss at 61750);
eth short: 2530-2550 (take profit at 2512-2498 first, leave a portion), 2592 (add to short, stop loss at 2606), take profit at 2502, 2460;
sol short: 139.25 (take profit at 137.25-134.85, leave a portion), 143.25 (short fill, stop loss at 145). Yesterday morning, it was mentioned that btc 58200 has retraced twice recently, and if it goes down again, it will touch 57700 and 57100. After reaching 57700 again last night, it Rebounded to near 59300 now (resistance in the morning, if you enter here in the morning, you should take profit earlier), indicating strong support around 5.8w, and there is free access between 58000-60000. Once this level is strongly broken, it will collapse. The downward structure remains unchanged, so it is still mainly shorting on highs today, and there are opportunities for long positions, but they are all short-term and small Positions.
BTC short: 59850 (take profit at 58800-58555 and leave a part), 61125-61600 (add short, stop loss at 61750);
eth short: 2530-2550 (take profit at 2512-2498 first, leave a portion), 2592 (add to short, stop loss at 2606), take profit at 2502, 2460;
sol short: 139.25 (take profit at 137.25-134.85, leave a portion), 143.25 (short fill, stop loss at 145). 😱🔥Pay attention to these 3 Altcoins, they may have big explosion potential🚀🚀👀
Solana (#SOL )
Solana ($SOL ) is the world’s fifth-largest cryptocurrency and is currently trading near a crucial support level of $127. Since March 2024, it has been moving in a parallel channel pattern between the $125 and $190 levels. However, SOL is now at the bottom of the channel pattern. Based on historical price momentum, there is a high chance it could soar by 40% to reach the $190 level, the upper band of the channel pattern.
XRP (#XRP )
$XRP is also a top cryptocurrency and is currently gaining substantial attention from traders and investors following its recent victory against the United States Securities and Exchange Commission (SEC). As of now, it trading above the 200 Exponential Moving Average (EMA) on a daily time frame, indicating that it is in an uptrend.
Based on the price action, XRP is forming a bullish inverted head and should price action pattern and a bullish double-bottom pattern. Currently, due to bearish market sentiment, it is trading at a lower level. However, if the sentiment shifts, there is a high possibility it could see a price surge of over 30% to the $0.74 level.
Dogwifhat ($WIF )
Dogwifhat (#WIF ) is the world’s fourth-biggest crypto meme coin and has experienced a price decline of over 68% from its all-time high due to bearish market sentiment. Currently, it is trading near a crucial support level of $1.40.
Since June 2024, WIF has revisited this level multiple times, and each time it has seen a price surge of at least 30% from this level. Based on the historical price momentum, there is a high chance that WIF could soar minimum by 30% and potentially rise by up to 90% to the $2.92 level in the coming days. The largest holder of meme coin Dogwifhat (WIF) based on Solana made a new purchase during the price drop.
According to the sharing made by the on-chain data and analysis platform Lookonchain on August 30, the largest holder of WIF, Kamino, borrowed 1.4 million USDC and purchased 643,832 WIF with 1 million USDC. The transaction was made 6 hours ago at the level of 1.55 dollars. Currently, this whale holds 28.66 million WIF, equivalent to 44.13 million dollars.
The profit of this whale on WIF is approximately $65.6 million.
On August 25, this whale made a similar move and bought 800,556 WIF for 1.54 million USDC. At that time, the whale had 28 million WIF, equivalent to 53.23 million dollars, and the profit in WIF was over 77 million dollars. In parallel with the general decrease in the cryptocurrency market, the WIF price also declined, and the whale incurred some loss from the profit. These transactions reveal the whale's impact and strategy on WIF.
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