✅Buying Opportunity, Says Crypto Trader

The well-known crypto trader and analyst Michael van de Poppe took to Twitter yesterday to share some of his thoughts on the altcoin market. According to the trader, altcoin buying opportunities may soon show themselves as altcoin dominance is approaching a low last seen in 2019.

Poppe also believes that now could be a good time to start accumulating altcoins. The post was concluded by him mentioning that it could be a good idea for traders to later sell the accumulated altcoins in a year or two.

Looking at some of the comments on Poppe’s post, it seems like most of the crypto community was inclined to agree with the trader’s theory that altcoin buying opportunities will soon begin to emerge. Some commenters also went as far as to say that altcoins only have one direction to move in for the next few weeks: down.

CoinMarketCap indicated that at press time, Bitcoin’s (BTC) dominance stood at 46.91%, which was a 0.01% increase throughout the past day. The market tracking website also indicated that almost all of the top 10 altcoins, excluding XRP and Dogecoin (DOGE), were trading in the red.

The altcoin leader, Ethereum (ETH), was trading hands at $1,840.54 after a 24-hour loss of 0.29%. ETH’s weekly performance was pushed even further into the red because of this. Consequently, ETH was down 1.35% over the past seven days.

Meanwhile, some of the biggest losers in the top 10 over the last 24 hours were Polygon (MATIC) and Cardano (ADA). These altcoins experienced losses of 1.97% and 0.59% respectively.

✅Bitcoin and Ethereum Hold Steady While Altcoins Flounder

The market intelligence platform, Santiment, shared a post on Twitter today about what has been happening to Bitcoin (BTC), Ethereum (ETH) and a few other altcoins in the market over the past few weeks. According to the post, both BTC and ETH have been able to “stay afloat in their ranges,” while certain altcoins continued to flush.

Santiment also predicted that there could be some buy opportunities for altcoins such as Litecoin (LTC), Serum (SRM), Radicle (RAD), VIDT DAO (VIDT), and Highstreet (HIGH). Traders invested in these cryptos have been suffering in recent weeks, but Santiment forecasted that some buy opportunities may soon emerge as these altcoins are close to bottoming out.

With regards to the two market leaders BTC and ETH, CoinMarketCap indicates that they experienced losses of 1.26% and 0.32% respectively over the past 24 hours. As a result, BTC was trading at $27,643.93 while ETH was worth about $1,847.47.

The last 24 hours were not kind to LTC, as the altcoin was worth $78.78 at press time after a price drop of more than 3%. This succeeded in pushing LTC’s weekly performance even more into the red at -10.05%.

Things did not go much better for SRM and RAD as both of the altcoins experienced 24-hour losses of more than 10%. At press time, SRM was worth $0.08496 while RAD was trading hands at $2.62.

Both VIDT and HIGH also suffered losses of more than 4% throughout the past day. VIDT was outperformed by BTC and ETH by about 3.80% and 4.79% respectively, while HIGH had weakened against BTC by 3.60% as well as ETH by 4.57%.

✅We welcome our members

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✅HENBBO FOUNDATION HAS EXTENDED THE PROMOTION AND GIVES BONUSES WHEN STAKING THROUGH EPAYCORE

Not so long ago Henbbo fund added the support of ePayCore payment system to its online platform. Many of our investors appreciated this update and the possibility of making payments by Visa and Mastercard using this service.

The popularity of the international ePayCore payment system is due to the low transaction fees. Also this system supports other payment services, bank cards and popular cryptocurrencies.

The usage of ePayCore on Henbbo platform is growing steadily and this allows us to provide even more attractive conditions for our investors. To that end, Henbbo uses extensive corporate partnerships with ePayCore so that you can get the most favorable terms for using their service.

Thanks to our investors' activity Henbbo and ePayCore prolong their promo offer and offer you an additional bonus +5% to your deposit.

Bonus is credited only when you make a staking through the ePayCore payment system. These money are available for withdrawal right after the end of the staking period, according to the terms of the chosen tariff plan.
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✅Bitcoin Price Analysis: Bears Reach 27605 - 9 May 2023

Bitcoin (BTC/USD) continued to experience strong negative momentum early in the Asian session as the pair traded below the 28000 figure after Stops were elected below the 28059.16 level, a downside price objective associated with selling pressure that emerged around the 29850 and 29466.76 levels. Traders pushed BTC/USD as low as the 27605.23 area during the depreciation, representing a test of a previous upside price objective associated with buying pressure that strengthened around the 27194.51 area. Significant buying and selling activity recently took place around the 29298.31 area during the depreciation, an upside price objective linked to buying pressure that increased around the 28122 area.

Above the market, upside price objectives relate to recent buying pressure around the 27194.51 and 28161.74 areas include the 30420.74, 31237.11, and 32556.73 levels. Downside price objectives related to recent depreciating ranges and levels include the 26533, 26085, 25604, and 24103 levels. Additional upside price objectives include the 31477.37, 32501.23, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels. Another important price objective is the 31846.88 area, a level that represents the 50% retracement of the depreciating range from 48233.76 to 15460. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishlly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 28924.21 and the 200-bar MA (Hourly) at 28933.63.

Technical Support is expected around 26533.04/ 25604.51/ 25094.62 with Stops expected below.

Technical Resistance is expected around 31986.16/ 32989.19/ 34658.69 with Stops expected above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

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✅Celebrating 60 Days Online: AXNEB Continues to Thrive!

We're overjoyed to announce that AXNEB has now been online for 60 days! Over the past nine weeks, our community has expanded to more than 6,345 members, and we show no signs of slowing down. Your unwavering trust and support have been the driving forces behind our success.

In just two months, we have disbursed an impressive $532,320 in profits and returns to our valued investors.

Your financial triumphs are our victories, and we remain dedicated to upholding this positive momentum.

Thank you for your continued faith in AXNEB, which has earned its reputation as the most stable short-term investment platform on the market!

We invite you to keep investing, inviting friends, and making new deposits. Together, we'll soar to new heights!

✅Top 5 Altcoin Winners of the Week in the Bearish Market

The term altcoin refers to cryptocurrencies other than Bitcoin (BTC). These bullish altcoins have stolen the crypto news and cryptocurrency market spotlight this week as the biggest gainers:

Casper (CSPR) price increased by 11.53%

Rocket Pool (RPL) price increased by 7.06%

Tron (TRX) price increased by 5.65%

Stacks (STX) price increased by 3.24%

PAX Gold (PAXG) price increased by 3.02%

Casper (CSPR) Price Leads Bullish Altcoin Gainers

The CSPR price has increased since bouncing at the $0.047 horizontal resistance area, in turn validating it as support (green icon). The breakout led to a new yearly high of $0.064 on April 30.

There is a very small amount of overhead resistance, meaning that the price can accelerate its rate of increase in the near future. If so, the next closest resistance area will be at $0.098.

However, if the rally loses momentum, the CSPR price can again fall to the $0.047 area.

Rocket Pool (RPL) Struggles in Corrective Pattern

The RPL price has increased in an ascending parallel channel since the beginning of the year. The ascending parallel channel is a bearish pattern, meaning that it usually leads to breakdowns.

Furthermore, the price action shows that RPL price trades in the lower portion of the pattern, increasing the bearish sentiment.

There is a confluence of support levels at $43, created by a horizontal support area and the channel’s support line.

If the RPL price breaks down from it, it can fall to $30. However, an upward movement to $70 can follow if it reclaims the channel’s midline.

Tron (TRX) Breaks Out From Bullish Pattern

The TRX price has increased alongside an ascending support line since March 10. When combined with the $0.068 horizontal area, this created an ascending triangle, considered a bullish pattern.

On May 1, the price moved above the $0.068 area, confirming that it broke out from the triangle. An increase that travels the entire pattern’s height will take the price to $0.080.

On the other hand, a close below the $0.068 area will mean that the breakout was not valid. In that case, the TRX price would likely break down from the ascending support line and drop to $0.060.

Stacks (STX) Price Breaks Out Above Resistance

The STX price broke out from a descending resistance line on May 2. The line had previously been in place since March 20. As a result, a breakout from it can catalyze a considerable increase.

If the upward movement continues, the closest resistance will be at $1, created by a horizontal resistance area and a Fib resistance level.

However, if the STX price falls below the resistance line, it will mean that the breakout was invalid. In that case, the STX price can fall to $0.40.

Pax Gold (PAXG) Bullish Altcoin Nears All-Time High

Concluding the list of bullish altcoins this week, the PAXG price is nearing a new all-time high after breaking out above the $2,020 resistance area. Currently, the price is in the process of validating the area as support.

If the increase continues, the next closest resistance will be at $2,365. However, a close below the $2,020 area can lead to a drop toward $1,910.

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Lithium-ion batteries are widely used in electric vehicles, which play an important role in the decarbonization of transport and power grids. However, these batteries have a number of disadvantages: they are expensive, require the extraction of rare and harmful metals, such as lithium and cobalt, and can light up when overheated or damaged. In addition, they are difficult to be disposed of and recycled.

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✅AXNEB LTD - Nurturing Investments for a Prosperous Tomorrow!

Today, we are thrilled to share with you another significant progress update on AXNEB.com. It's been a remarkable 57 days since the inception of our platform, and we are brimming with great news to share.

8x Capital Boost Cycle Completion: Our Capital Boost plan continues to deliver unparalleled results, with our dedicated investors earning a daily 1% profit. To date, they have enjoyed an impressive ROI!

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