![]() ![]() Now with the new listing, a whole new demographic of users will have access to the Web 3.0 player. Previously, FLUX had only available on the flagship Binance exchange, which doesn’t serve U.S. The second major event happening with FLUX is its blockbuster Binance ( BNB-USD) U.S. It will also reapportion rewards for node operators, shaking up how users can earn from contributing to the network. The node migration, which is currently happening, will ensure that node operators are current. As a result, it must ensure its nodes are up to date and prepared for expansion. Flux is a rapidly growing network with plans to implement products on other blockchains. The first story is the mass node migration happening on the network. Now, a pair of stories are helping bolster Flux crypto price predictions. Since October 2021, FLUX has grown its market cap from around $75 million to more than $400 million today. As a result, it continues to grow its market capitalization by the week. Lately, the Flux network has been causing noise just by virtue of being a solid product. He mentions indicators like a massive spike in Google searches for crypto, the Bitcoin fear and greed index with readings over 90, and Coinbase being among the top five downloads in the App Store as red flags that the market is in a state of euphoria.Flux Crypto Price Predictions Heat Up with Binance Listing Davis suggests being fearful when others are greedy and vice versa. This phase is characterized by wild exuberance, with people posting pictures of their new wealth and making outlandish price predictions. Market Euphoria: The final worst time to buy, according to Davis, is during the market’s euphoria stage.If the news still seems bullish, it might be worth investing if not, it’s likely best to avoid buying. He advises investors to consider how they would feel about the news if the price were to drop by 50% in three weeks. Investors who buy in response to big news often find themselves providing exit liquidity when the initial buzz wears off. Big News Stories: While significant news stories can improve a coin’s long-term fundamentals, Davis warns that the short-term price impact often leads to a subsequent drop.Instead, he recommends waiting for a breakout or a retracement for a safer move. He points out that low volume at resistance levels can indicate that a move is running out of steam, making it a dangerous time to buy. He uses Bitcoin as an example, illustrating how buying at resistance can lead to losses when prices fall. Resistance Levels: Davis warns against buying when a coin is pumping and hitting resistance levels.But using the MACD (Moving Average Convergence Divergence) in conjunction with the RSI could have indicated a potential trend reversal, helping investors avoid a 70% drop. ![]() For instance, he points out that the RSI on Matic topped out at 97.5 just a couple of days before a significant price drop. However, he emphasizes that the RSI should not be used in isolation. He explains that when the Relative Strength Index (RSI) hits over 90, it’s usually a red flag that the market is overheated. Overbought Technical Indicators: The second worst time to buy, according to Davis, is when technical indicators show strong overbought readings.Davis suggests waiting a week or two before starting to build a position in a new coin, as prices typically stabilize during this period, offering a much better entry point. He cites the example of Aptos, which spiked to $98 in the first few minutes of trading before collapsing 67% in the following two weeks. The initial excitement and FOMO (Fear of Missing Out) often lead to inflated prices, making the first few minutes or even the entire first day of trading highly volatile. ![]()
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