As the weeks go by, investors and traders begin to understand that Bitcoin is at zonal resistance and therefore, coupled with the fact that there are pullbacks pending next and a futures gap to close, is creating a strong trend, pressure that ends up affecting the entire market.
According to Bitget, this week looks like it will be in the red, and that could mean a general drop in prices for all crypto assets..
The exchange provided some charts and scenarios of BTC by AT (Technical Analysis) for a period of 1 day, it states that, in this scenario we are at triple resistance, as we can see in the chart below:
1) 200 EMA (pink line): In the end, there was a pullback and it remains to be seen if it is defined as support: it is between the $21 thousand areas.
2) Major Low (red line): Route without recoil: More than 20 thousand dollars zonal.
3) Futures gap since closing: around 20 thousand zonal dollars.
4) High before the fall (which means that a price range can be given that would be between the following price ranges (area of the orange square): $25,000 zonal per top
– 25 thousand zonal dollars per top
– 18 thousand dollars down zone.
“In this price range we can operate making operations limited by these zone price limits”, explains the company analyst.
Viewing the image of the Bitcoin price chart, it can be understood that the first objective is to go to 20 thousand dollars to be able to close pending.
“In addition, there is still 1 GAP of futures without Closing: 20 thousand GAP 2 Futures. Open from below, red line”, adds the analyst.
Cryptocurrencies with potential
The analyst also highlights 3 cryptocurrencies to watch in this 2023, which could have potential, being aware that each one must investigate for himself, to conclude if a cryptocurrency or project fits in his portfolio and he wants to invest in it.
CURVE DAO (CRV)
Curve is a decentralized stablecoin exchange that uses an automated market maker (AMM) to manage liquidity..
Released in January 2020, Curve is now synonymous with the phenomenon of decentralized finance (DeFi)and experienced significant growth in the second half of 2020.
In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its internal token. This DAO uses the Ethereum-based builder tool Aragon to connect various smart contracts used for liquidity deposited by users. Issues such as governance, however, differ from Aragon in their weighting and other aspects.
GALA
Gala Games was created by game developers who came together to return value to gamers with the help of Web3 and blockchain technology..
Its founders saw major problems with the way that today’s major game publishers require players to continually spend to continue enjoying the game they love. Abandoning the previous model, Gala is building a massive gaming platform AAA level (many of which are free) designed to give players more freedom, control and rewards.
GALA is the main utility token of Gala Games. It is the token with which NFT items can be purchased, it is the reward Founder’s Node operators receive for operating their Nodes, and it is the Gas token used to cover network fees on the Gala blockchain. .
G.Q.
Outer Ring is an MMORPG video game set in a universe of science fiction and fantasy, based on the Play to Earn economic concept, currently in development by Windex Technologies in association with Nexxyo Labs, using their brand of games ManiacPanda. It represents a unique investment opportunity in a sector with an experienced company developing the project.
The business model of the video game is FREEMIUM, with EARLY ACCESS for all participants in the different phases of private and public sale of the project.. The economic system of the game is based on the so-called PLAY TO WIN, with the possibility of making purchases inside and outside the game through a DEX integrated into the game website or through player interaction.
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