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Pay attention to the 2 major events next week!
1. The results of the US election on November 5, which may be announced on the same evening, so try not to hold positions overnight on November 5. Remember the last time Trump was elected president, the futures market went from limit up to limit down, and many people were wiped out in a single day.
2. The Fed meeting from November 6 to November 7. If there is a rate cut, the stock market may see another wave of rise. If there is no rate cut, the stock market will continue its original trend.
According to the US non-farm data, this Fed meeting is expected to cut by 25 basis points. But if these two events are combined, the situation becomes more complicated. The financial market may experience a major fluctuation.
Layout these top-tier Altcoins, and the bull market will surge 100x
1. ADA
Over the past year, the price of ADA has risen by 17%, indicating a moderate and stable performance during this period. After experiencing a -15.95% decline last month, Cardano is expected to stabilize and reverse the recent downward trend in November.
The trading range is between $0.312551 and $0.412856, with an average price of approximately $0.348142. This means a sequential decline of -14.39%. However, this volatility may provide an opportunity for a short-term return of 20.8%, which is attractive for investors seeking moderate returns this month.
This trend is expected to continue into November, with the possibility of a significant price increase. The price range for Cardano may be between $0.445896 and $0.864925, with a projected high of $0.679506. If this forecast comes true, investors who purchase ADA at the current price may see a return of up to 153.07%.
2. TAO
Bittensor is currently the top Altcoin, with this open-source protocol supporting a decentralized blockchain-based machine learning network. At one point this year, the coin price approached $800, and the recent correction may indicate a potential buying opportunity for TAO.
On the daily chart, the TAO price is below the 20-day exponential moving average, but has not yet fallen below the 50-day EMA, indicating that its price may stabilize above this support line. If this trend can be maintained, the price of TAO may rise to $681.85 in November.
3. DOGE
Dogecoin (DOGE), as a type of meme Altcoin, has been the focus of attention for its price fluctuations since its inception in 2013. Recently, the price of this token has shown a significant upward trend, rising more than 21% in the past week and 42% last month.
Currently, the trading price of DOGE is fluctuating between $0.156 and $0.179, facing a key resistance level of $0.165. If this resistance can be broken, DOGE may rise to $0.176, with a potential upside of about 17%. From a technical indicator perspective, the RSI is 33.7, indicating a neutral market state; the stochastic indicator is 10.4, although close to the oversold area, the negative MACD is -0.0004, suggesting that the momentum may turn. Therefore, maintaining the support levels of $0.157 and $0.143 is crucial for maintaining its upward trend.
Create a high-quality circle, mainly to explain various basic industry knowledge in the crypto world, the rotation of hot sectors, as well as the basic methods of identifying tops and bottoms, how to better grasp this bull market, and a series of knowledge. If you are interested, you can find me, WeChat: tian889902 (add and chat to join the group)
