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19TH APRIL LATEST CRYPTO NEWS DIGITAL MAGAZINE

Bitcoin and Nasdaq 100 have been clobbered in 2022 as both are down about 15% but in the same period, gold has risen about 10%. This shows that in a high inflation, rising rate environment, investors have shunned assets perceived as risky and are sticking to gold, which is a proven inflation hedge. Another positive sign has been that Bitcoin balances on the crypto exchanges have continued to decline.

Data from on-chain analytics firm CryptoQuant shows that the cumulative balance of Bitcoin at 21 major exchanges has declined to its lowest level since July 2018. This suggests that investors have been withdrawing their Bitcoin to HODL for the long term.

The buyers attempted to push Bitcoin back above the 50-day simple moving average (SMA) on April 13 and 14 but the bears did not relent. This suggests that bears are trying to flip the 50-day SMA into resistance. The bears tried to extend the correction on April 18 but the long tail on the day’s candlestick shows strong buying at lower levels. The recovery is likely to face strong resistance at the moving averages.

The downsloping 20-day exponential moving average (EMA) and the relative strength index (RSI) in the negative territory suggest that bears have a slight edge. If the price turns down from the moving averages, the possibility of a drop to $37,000 increases. The buyers are expected to defend this level aggressively.

If the price rebounds off $37,000 with strength, it will suggest that the BTC/USD pair could remain range-bound for a few more days. If the price turns up from the current level and rises above the 50-day SMA, the short-term momentum may shift in favour of buyers. The pair could then rally to $44,000 and later to $45,855.

Lastly please check out the advancement’s happening in the cryptocurrency world.

Enjoy the issue!


FEATURING IN THIS WEEKS EDITION

– ZiberBugs
– Solidray
– Charity Token
– Loop Vantures
– Faith Tribe
– 3QuiliTy
– Maxxer

– Ernest in Disguise
– Hubble Protocol
– CleanCarbon
– Have NFT
– The Assembly
– bitcci
– Ninja Fantasy Trader

 

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

The buyers attempted to push Bitcoin back above the 50-day simple moving average (SMA) on April 13 and 14 but the bears did not relent. This suggests that bears are trying to flip the 50-day SMA into resistance.

The bears tried to extend the correction on April 18 but the long tail on the day’s candlestick shows strong buying at lower levels. The recovery is likely to face strong resistance at the moving averages.  Read more

ETHEREUM – ETH/GBP

The bears pulled Ether below the 50-day SMA on April 18 but the long tail on the day’s candlestick shows strong buying by the bulls at lower levels. The price recovered sharply and closed back above the 50-day SMA.

However, the bulls continue to face stiff resistance at the 20-day EMA. If the price once again breaks below the 50-day SMA, the bears will attempt to pull the ETH/USD pair below $2,880.  Read more

RIPPLE – XRP/GBP

XRP rebounded off the support at $0.68 on April 12 suggesting that bulls are actively defending this level. This suggests that the XRP/USD pair could remain range-bound between $0.68 and $0.91 for a few more days.

The flat moving averages and the RSI near the midpoint also indicate a consolidation in the near term. Read more

LUNA/USD

We had projected Terra’s LUNA token to drop to the strong support at $75 in our previous analysis and that is what happened.

The bulls aggressively purchased the dip which resulted in a sharp rebound on April 18. The recovery is facing resistance at the 20-day EMA, indicating that bears are selling on rallies.  Read more

BINANCE – BNB/GBP

Binance Coin slipped below the 50-day SMA on April 18 but the bears could not capitalise on this advantage. This suggests that bulls are buying on dips close to the strong support at $385.

The failure of the bears to sustain the lower levels increases the possibility of a break above the 20-day EMA. If that happens, the BNB/USD pair could attempt a rally to the overhead resistance at $460.  Read more

Subscribe to the latest crypto news digital magazine for the latest updates about profit and loss in cryptocurrency.

3QualiTy: Earn FREE Rewards Through Their Platform

Acquire FREE Cryptocurrency when joining the 3QualiTy platform. 

3QualiTy, a New York-based company that uses cryptocurrency to improve charitable giving experiences and a chance to earn free rewards through their platform. 3QualiTy recently launched a pre-sale of their $3QT token. Participating in the pre-sale of the new $3QT token allows crypto traders and holders to find prices as low as $.00045. Nevertheless, the public sale prices on the exchanges will be high because they are contracted to launch at $.0012. And free cryptocurrency–including the opportunity to acquire free Bitcoin–is available to all who join the 3QualiTy Telegram community by May 11, 2022. Read  more

ZiberBugs opens up seed round to its Discord and Telegram communities.

ZiberBugs, a competitive NFT autobattler on Cardano, has decided to open up their seed round to their Discord and Telegram communities. The six slots in the seed round were previously earmarked only for crypto influencers. 

“After receiving dozens of requests from our community of early fans asking to participate in this round, we decided that opening it up would be a great way to reward our loyal community for their support”, CEO, Tom Metzger said. 

The public seed round is more than 70% subscribed at the time of writing.  Read more

SolidRay: Ecosystem Revamp & Token Sale Updates

SolidRay, operating under the Solidray ecosystem with the key objective of creating a secure space for participants to not only network but also explore and grow crypto and blockchain communities, is seeking to revolutionize social media as you know it.

Token Sale Updates: 

Participants can now contribute towards our ongoing token sale. Read more

The Assembly NFT blends gaming and DeFi for real utility and long-term value

Introduction

Crypto and NFT enthusiasts come across standalone stories on NFT, art, play-to-earn games and even the overall crypto economy almost on a daily basis. Each one of them tries to outdo each other in terms of their uniqueness, rarity, the benefits or rewards they offer to its loyal users and holders.

The Assembly Studios, plans to offer the same and some more to its users. It aims to be a world-class gaming publisher and to produce revolutionary NFT gaming projects with real utility, long-term value and a huge element of fun. Read more

How USDH is the next big thing

Market volatility is a common feature of cryptocurrencies. This means that coin prices can fluctuate abruptly, making it difficult for investors to decide which coin to invest in. However, Stablecoins eliminate this problem. With Stablecoins, there is a way to bridge the gap between fiat currencies and cryptocurrencies because they play a similar role to fiat but maintain cryptocurrency’s mobility and utility. As a blockchain-based currency, stablecoin holders have access to numerous advantages. The idea behind developing these cryptocurrencies was partly to avoid the volatility experienced by traditional cryptocurrencies such as Bitcoin. This is because rapid changes in market value limit their use as a payment method.

Faith Tribe: Bringing Revolution To The Fashion Industry With Community Token!

The fashion industry is one of the fastest-growing industries in today’s world. It is not just a part of the economy; it consists of several smaller niches or segments under it. The fashion industry plays a vital role in the global economy and is comprised of many companies earning billions of dollars every year.

The fashion industry consists of a variety of activities such as production, designing, distribution, retailing, advertising, and other significant aspects. There is an estimated $3 trillion in revenue generated by the fashion industry, and it is one of the most sought-after industries. However, the designers and creators who work within it do not get paid adequately for the quality work they do.

Trade Crypto Together On a Community-Driven Exchange!

Although the traditional wealth management options still abound, they face competition from modern strategies. A perfect example of a disruptor is social trading. Think of it like the traditional office set-up whereby managers often share monthly performance reports with their teams. 

Team members can then get to know the best performer and learn effective strategies from them. In other words, social trading platforms like Maxxer allow novice crypto-currency traders to learn the trade from seasoned counterparts. 

Trends in the crypto market and various helpful information are often shared across the platform. Users don’t need to spend hours hunting for information. Further, the age-old and often expensive and time-consuming trial and error approaches are no longer necessary. Rightly so, social trading is low-cost and pretty convenient within the Maxxer ecosystem. Read more