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20TH SEPTEMBER LATEST CRYPTO NEWS DIGITAL MAGAZINE

All eyes will now be glued to the Fed which is expected to announce a 75 basis point rate hike on September 21. The CME Fed Watch Tool shows an 82% probability of a 75 basis point rate hike, suggesting that the move may have been priced in. However, if the Fed decides to hike rates by 100 basis points as some expect, then risky assets may witness another bout of selling.

While Bitcoin dropped about 11% last week, Ethereum plunged more than 24%. Ether was a classic case of buy the rumor and sell the news. Ether’s price rallied leading up to the Merge but has since seen aggressive selling, indicating that traders sold even though the Merge went off smoothly on September 15.

During a bear phase, markets react mildly to positive news but tend to sell off on every bit of negative news. Until the sentiment turns around, trading on bullish news could turn out to be a trap.

We said in our previous analysis that bulls will have to sustain Bitcoin above the 50-day simple moving average (SMA) for three days to increase the likelihood of a rally to $25,000 but that did not happen.

We had also projected that if the price slips back below the moving averages, the BTC/USD pair could revisit the $18,600 to $17,567.45 support zone and that is what happened on September 19.

Both moving averages are gradually turning down and the relative strength index (RSI) is in the negative territory, indicating advantage to bears. However, we expect the bulls to aggressively defend the support zone.

The first sign of relief to the bulls will be after the price rises above the 20-day exponential moving average (EMA). Such a move will suggest that the selling pressure could be reducing. That could open the doors for a possible rally to the 50-day SMA.

Conversely, if bears sink and sustain the price below $17,567.45, it could signal the resumption of the downtrend. The pair could then plummet to $15,000 but we give this a low probability of occurring.

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

Enjoy the issue!

FEATURING IN THIS WEEKS EDITION

– XRPayNet
– Manilla Finance
– Gauss
– Medabots
– MetaFrames

– Cardalonia
– Age of Zalmoxis
– indu4.0

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

We said in our previous analysis that bulls will have to sustain Bitcoin above the 50-day simple moving average (SMA) for three days to increase the likelihood of a rally to $25,000 but that did not happen. We had also projected that if the price slips back below the moving averages, the BTC/USD pair could revisit the $18,600 to $17,567.45 support zone and that is what happened on September 19. Both moving averages are gradually turning down and the relative strength index (RSI) is in the negative territory, indicating advantage to bears. However, we expect the bulls to aggressively defend the support zone. Read More

ETHEREUM – ETH/GBP

The bears pulled Ether below the moving averages on September 13. Buyers tried to push the price back above the moving averages on September 14 and 15 but the bears held their ground. This aggravated selling and the ETH/USD pair dropped to the strong support at $1,280. This is an important level for the bulls to defend because if they fail to do so, the selling could further pick up momentum and the pair could plummet to the psychological level of $1,000. Read More

RIPPLE – XRP/GBP

The bulls failed to push the price to the overhead resistance at $307.50, indicating that the bears are defending the moving averages with vigor. Binance Coin turned down sharply and broke below the moving averages on September 13. Buyers attempted to push the price back above the 20-day EMA on September 17 and 18 but the bears defended the level aggressively. If the price sustains below the 20-day EMA, the likelihood of a break below $256.70 increases. Read More

CARDANO/USD

Cardano slipped below the moving averages on September 13 and the bears thwarted attempts by the bulls to push the price back above the 50-day SMA on September 17 and 18. The bears will now attempt to sink the price below the immediate support at $0.42 and challenge the crucial support of $0.39. The ADA/USD pair has been oscillating inside the large range between $0.39 and $0.60 for the past several days. Hence, the bulls are expected to defend the $0.39 level aggressively. Read More

BINANCE – BNB/GBP

The bulls failed to push the price to the overhead resistance at $307.50, indicating that the bears are defending the moving averages with vigor. Binance Coin turned down sharply and broke below the moving averages on September 13. Buyers attempted to push the price back above the 20-day EMA on September 17 and 18 but the bears defended the level aggressively. If the price sustains below the 20-day EMA, the likelihood of a break below $256.70 increases. Read More

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

 

Manilla Finance: Introduction to traditional Fintech

Financial technologies, or Fintech, are the technological solutions to finance-related issues and problems. It strives to fill the gap between the ways of finance management and the adoption of new technologies. Although Fintech is at its nascent stage and there is a long way to go before Fintech overtakes traditional banking (which it eventually will) but offering solutions to issues faced by customers of traditional banking could eventually pave the way for the meteoric rise of the Fintech industry. Read more

Coinhaven – The people’s exchange

Introduction Trading on crypto exchanges is now gaining momentum on a P2P basis. Peer-to-peer, or P2P for short, are crypto exchanges that connect peers directly instead of relying on a third party to handle the transaction. P2P crypto exchanges enable verified users to trade assets without hassle. Such models allow users to transact directly with each other instead of using order books to pair, buy, and sell orders and control assets. Looking for the best crypto exchange and marketplace for peer-to-peer transactions? This is where Coinhaven steps in! The Coinhaven trading platform provides users with easy access to buy Bitcoin and other blockchain assets using a variety of fiat currencies. With the Coinhaven marketplace, users can exchange private crypto without an intermediary, which makes it ideal for P2P transactions. The next-gen platform will let you experience frictionless trading with a user-friendly interface. More importantly, on Coinhaven, you can expect low fees and exceptional customer service. Read more

AIBOOK NFTs Now Available For Purchase

AIBOOK, an NFT art gallery of classic writers and literature, ideally created for book lovers. AIBook NFT Public Minting on ETH has Launched. AIBook NFT public minting was officially launched on September 1, 2022. Individuals can currently mint and get NFT on their website at a mint price of 0.03 ETH.  

Prior to the launch, participants benefited from pre-sale of 700 NFT during the launchpads as well as during the Whitelist process. 

Benefits of the different NFT

  • As a source of income 

Classic literature lovers’ benefit from an NFT and read-to-earn product that allows individuals to increase their income by simply reading books. Read more

Introduction to the LunaOne Metaverse

Metaverse is a buzzword you have likely heard by now. What is the Metaverse?  Is it the next paradigm shift in technology, or possibly the next digital revolution that could change our lives?

As a start, the metaverse is an immersive digital world with transformational social and financial potential. It allows the convergence of the physical and digital world in a way that will enhance our daily experiences. 

provides a virtual space for people to perform repetitive daily tasks and create a virtual economy that complements the real one. Over the next few years, the Metaverse will likely change everything, from how you earn money to how you shop and hang out with friends. Nowadays, many projects are being developed to explore the full potential of the Metaverse! There are many innovative projects, but LunaOne is one of the most exciting!

Featuring a seamless Web 3.0 environment, LunaOne is the first Metaverse that allows earning, shopping, socializing, creating, studying, and gaming. Through its market-leading technologies, LunaOne will improve the virtual world experience for users. Here are some cool features of LunaOne: Read more