ðĨETH, FTT, XRP AND OTHER ALTS MAY CRASH AND HERE'S WHY
ðĨ Hi friends! The US Commodity Futures Trading Commission (CFTC) in the documents in the FTX case called BTC, ETH and USDT commodities. But SEC has already qualified the utility-token of the FTX exchange, FTT, as a security.
ðĐ Let me remind you that the SEC is in favor of the recognition of XRP tokens as securities and soon a court decision should be made that will become a precedent. This means that most cryptocurrencies can be recognized as securities.
Of course, this news can lead to a dump in the crypto market.
It is worth noting that earlier the chairman of the US Securities and Exchange Commission (SEC) Gary Gensler stated that Bitcoin is the only crypto that can be defined as a commodity, and the rest are securities.
â In general, it is clear that the SEC and CFTC did not come to a common agreement, so the court decision on Ripple and the FTX case may not be obvious.
Good news for traders because usually on such decisions you can get good volatility in the market and can make 10-20 RR on your trades.
ð WHAT ABOUT ETH TECHNICAL PICTURE? Now I expect the pullback on ETH as it is shown on the chart to collect more long traders sl. After that the growth to the closest value area of $1265-1277 is the most probable target.
ð TRADING PLAN FOR ETH:
ðĨ pullback down with sl collection (volume growth on the lower timeframes confirms it for you)
ðĨ DOM and Footrpint scalping indicators show the whales' orders to buy or to sell, so we have a possibility to enter a trade with the big guys at the same time
ðĨ bullish BTC
â THE LONG TARGETS FOR ETH:
1. $1265-1277 - the value area
2. $1353 - the key level
Traders, what do you think about the SEC decisions and altcoin future? Will it DUMP or everything will be OK and crypto continue its growth? Write your thoughts in the comments!
ðŧFriends, press the "boost"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
ðĐ Let me remind you that the SEC is in favor of the recognition of XRP tokens as securities and soon a court decision should be made that will become a precedent. This means that most cryptocurrencies can be recognized as securities.
Of course, this news can lead to a dump in the crypto market.
It is worth noting that earlier the chairman of the US Securities and Exchange Commission (SEC) Gary Gensler stated that Bitcoin is the only crypto that can be defined as a commodity, and the rest are securities.
â In general, it is clear that the SEC and CFTC did not come to a common agreement, so the court decision on Ripple and the FTX case may not be obvious.
Good news for traders because usually on such decisions you can get good volatility in the market and can make 10-20 RR on your trades.
ð WHAT ABOUT ETH TECHNICAL PICTURE? Now I expect the pullback on ETH as it is shown on the chart to collect more long traders sl. After that the growth to the closest value area of $1265-1277 is the most probable target.
ð TRADING PLAN FOR ETH:
ðĨ pullback down with sl collection (volume growth on the lower timeframes confirms it for you)
ðĨ DOM and Footrpint scalping indicators show the whales' orders to buy or to sell, so we have a possibility to enter a trade with the big guys at the same time
ðĨ bullish BTC
â THE LONG TARGETS FOR ETH:
1. $1265-1277 - the value area
2. $1353 - the key level
Traders, what do you think about the SEC decisions and altcoin future? Will it DUMP or everything will be OK and crypto continue its growth? Write your thoughts in the comments!
ðŧFriends, press the "boost"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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