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Table of contents

  1. Crypto Industry News:
    1. Technical Market Outlook:
      1. Weekly Pivot Points:
        1. Trading Outlook:

          Crypto Industry News:

          Basketball player Scottie Pippen, who won six NBA championships with the Chicago Bulls in the 1990s, has his NFT. It resembles graphics associated with the cult CryptoPunks series.

          Scottie Pippen received a personalized NFT that works based on Arbitrum. The athlete tweeted a photo of himself wearing the number 33 jersey with an NFT avatar added next to it. The token was created via the Smolverse platform.

          The basketball player added that he is ready to test the next generation of NFT products.

          NFT graphics resemble images from the CryptoPunks collection, which were sales hits in 2021.

          Scotty Maurice Pippen, more commonly known as Scottie Pippen, is an American basketball player who plays as a small forward and is a six-time National Basketball Association champion. He played for the Chicago Bulls. In 2010, he was included in the Basketball Hall of Fame. James Naismith. He was also honored with a bronze statue unveiled at the United Center on April 7, 2011.

          Technical Market Outlook:

          The bulls had managed to retrace 38% of the last wave down on Ethereum and made a new local high at the level of $1,347. Nevertheless, the bearish pressure is still high and the next target for bears is seen at the level of $886 (yearly low's). The market has been seen moving down all weekend long as the momentum is still weak and negative on the H4 time frame chart. The nearest technical resistance is seen at the level of $1,343. In order to extend the recent impressive rally and reverse the trend to the up trend the market must break above the last swing high seen at $1,785.

          scottie pippen basketball player received a personalized nft grafika numer 1

          Weekly Pivot Points:

          WR3 - $1,247

          WR2 - $1,237

          WR1 - $1,231

          Weekly Pivot - $1,227

          WS1 - $1,221

          WS2 - $1,217

          WS3 - $1,207

          Trading Outlook:

          The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August at the level of $2,029. The key technical support for bulls is seen at $1,281 as a part of the demand zone located between the levels of $1,252 - $1,295. If the down move will be extended, then the next target for bears is located at the level of $1,000.

           

           

          Relevance up to 09:00 2022-11-15 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

          Read more: https://www.instaforex.eu/forex_analysis/300859


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