05.12.22 - 12.12.22

Last week results

Instruments:

Last week was more or less a fight between bear and bull market traders. Denial and optimism were exposed on the market. The FTX ’’drama’’ seems to be at the end, however, the aftermath and the snowball effect are not done yet.

What happened last week :

▶️ New US and EU regulations for Centralized Exchanges might be in place till 2024.

▶️ Binance is investing in the bottom, and CZ made this public.

▶️ Telegram wants to install a Dapp ( DEX) on their products.

These week’s key events

▶️ New US and EU regulations for Centralized Exchanges might be in place till 2024.

▶️ Binance is investing in the bottom, and CZ made this public.

▶️ Telegram wants to install a Dapp ( DEX) on their products.

📈 ETH ready to come back ?

ETH has shown its true power. The price increase is faster and stronger than BTC. The ETH team is preparing to scale their network after a successful merge. It’s quite possible that the ETH supply to be reduced since more and more users are staking.

💡 3 reasons to buy ETH now:

🔹 Key rejections: $1,100 to 1,300 ( support and resistance)

🔹 ETH is showing confidence in the market, compared with other coins and crypto projects.

🔹 The Net Unrealized Profit/Loss (NUPL) has a strong chance to move into the ‘’Hope’’ area in the following days.

Ethereum: Net Unrealized Profit/Loss (NUPL)

🔹Technical analysis: We might have a possible breakout at $1,348. We can open a long position at $1,309$, then take our profit to $1, 348, then $1,388. A Stop loss can be considered at $1,284

We might also see a rejection in the $1,300 area, in this case, we can open a quick short position, and take our profit to $1,250, then remove it to $1,200. These trading levels can also be used to re-initiate your long position.

❗️ Use this opportunity to make the right decision.

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