Good Morning CryptoFans!

Just a short update for today: 

BTC hovers around $56k

Bearish pressure prevailed in the last 24 hours, as BTC dropped and a descending wedge formation begins to form on the daily timeframe.  As mentioned in yesterday's update, a $53,000 support band remains critical for the crypto market and specifically for Bitcoin ($BTC) and any chance of a price in the direction of Plan B's $98k BTC price prediction for the close of November in a week's time.  Should Bitcoin break down toward the $53,000 support band and then break it, we could be in for a larger correction to the downside down to possibly $43,000, however, the support at $53,000 remains strong and the worst-case scenario to me seems unlikely. I still believe we may finish at least the year with a parabola for now at least. 

Opportunity to accumulate ETH

This could be a good time to accumulate some Ethereum $ETH as we retest the $4000 mark once more, and with solid technicals and utility and the boom of NFT's likely to continue through a bear market, ETH will be in demand.  In addition to this, as the Ethereum Improvement Protocol progresses long term as the blockchain moves to proof of stake and ETH continues to become deflationary, this could be an asset to hold throughout the bear market long term.  The bull market support band for ETH sits around $3600 so keep an eye on that level, should it meet this level, it will interesting to watch what happens; an opportunity to accumulate or a bounce from here could be possible.  I'm anticipating a $5,000 for ETH in the coming months.  

Gaming Crypto SAND pumps ANOTHER 39%

With the aforementioned ETH points in mind, I plan to continue to take profits on this gaming token and roll some profits into ETH whilst at this level. As $SAND clears a critical area of resistance, it moves up in market cap tables to 43 now has a market cap of $4,812,587,577.  Sandbox is a virtual world project in the Metaverse and has done an exemplary job of marketing itself and raising awareness of the project. This hype has helped drive the price action, and have already tied in some high profile partners in the last few days, included Adidas.  Could this be the thin end of the wedge for large companies buying up SAND tokens in order to overtly advertise on Sandbox?  Maybe rival Nike will be next to grab some land! Well, we can hope! 

Accumulating ADA

I plan to set a few cheeky buy orders in around the $1.6 to 1.7 mark for Cardano ($ADA) as it might be possible to pick up some very cheap ADA, speculating the bull run is not over and after the stagnation of price we've seen, the fundamentals of ADA remain strong and improve daily.  Although the price never seems to fairly reflect the bullish news of the Cardano Foundation and the great things they are doing to drive adoption across swathes of the Africa Continent, the potential is massive.  I'm long on ADA, and until it gets some 'moon juice' I plan to continue staking to HODL more, and long term with the Launchpad and Decentralised exchanges in the pipeline, I think we long-suffering Cardano holders will be rewarded.  

None of the above is financial advice.  

Thank you for reading! I plan to write a synopsis of the Gaming Crypto Projects I am favouring tomorrow, and if you found this interesting, you can follow me right here on publish0x. 

You can also join me on my new Reddit!