QNT analysis:
Price tried to break above the resistance area but was rejected from there. We may see a move towards the support area and this is the zone for new entries. A break above the resistance area will send the price towards the next resistance area.
Support Area: $95-$100
First Resistance Area: $125-$131
Second Resistance Area: $147-$153
As on-chain flows indicate a surge in speculation, derivative markets have mirrored this trend. The collective Open Interest in futures markets has surged to $21 billion, marking a significant rise. Notably, only 84 out of 1195 trading days, accounting for 7%, have surpassed this value. Moreover, the USD denominated value of open futures contracts is nearing the peaks witnessed during the most exuberant periods of 2021.
Читать полностью…UFT pumped as expected and price made a high of $0.59 today. That is more than 29% profit from our entry. You can hold the position with trailing stop loss for maximum profit. Pin our channel on top to never miss a signal and share it with your friends and family and earn together. Keep Earning 😊
Читать полностью…OSMO analysis:
Price is rejected from the resistance area. You can open long positions if the price comes near the support area. We may see a bounce from the support area.
First Support: $1.50-$1.55
Second Support: $1.34-$1.42
Resistance Area: $1.75-$1.80
Educational Post
What Is Spot Trading?
Spot trading is a direct and immediate form of trading, with transactions settling instantly and without any kind of leverage. It’s one of the most basic forms of trading and can be done with a variety of asset classes, such as cryptocurrencies, stocks, commodities, forex, bonds, and more.
Although spot trading may occur directly between traders, transactions are usually facilitated by an exchange like Binance.
What’s the Difference Between Spot Markets and Futures Markets?
Spot markets execute instant or short-term trades with immediate delivery, while futures markets involve contracts that set delivery for a future date. Spot trading relies on the current market price based on supply and demand. Futures contracts, on the other hand, are based on agreements between buyers and sellers.
What’s the Difference Between Spot Trading and Margin Trading?
Spot trading requires full asset purchase and immediate delivery, while margin trading allows borrowing funds to enter larger positions. Margin trading amplifies both potential profits and losses, offering increased risk and reward.
Bitcoin is currently holding above $65,000, which is a good sign for the market. However, there is a small downtrend line that is acting as a resistance area. The major resistance remains the same at the $69,000-$70,000 area. The support area remains unchanged.
Читать полностью…OGN analysis:
Price tested the support area and immediately bounced from there, indicating a potential opportunity for opening long positions if the price drops towards the support area. We may see a test of the resistance area in the coming days.
Support Area: $0.165-$0.17
Resistance Area: $0.25-$0.265
WAN is moving as expected, and the first target has been achieved. There has been over a 13% profit from the entry point. You can maintain the long position with a trailing stop loss.
Читать полностью…UFT is a permission-less DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: $0.50 - 0.60 - 0.70 - 0.80
Buying #UFT/USDT on Binance
UFT is bouncing from the strong support trendline
A massive bullish Ascending triangle formation is in play and breakout is anticipated which would serve as bullish confirmation for big jump🚀
Link : https://www.binance.com/en/trade/UFT_USDT
Expecting quick 10%-30% gains in short term😊
LRC gave a break to the upside with he market momentum indicating bullishness kicking in. Price already making retest back to the zone and expected a bounce from here. The TP area would be next resistance.
Next Resistance : $0.401 and $0.405
Bitcoin has successfully reclaimed the $65,000 level and is currently trading above it. The market has absorbed the selling pressure, indicating a bullish sentiment. Altcoins have also fully recovered, suggesting a potential continuation of the upward movement.
Читать полностью…Educational Post
What is SocialFi?
SocialFi, short for Social Finance, represents a convergence of decentralized finance (DeFi) principles with the dynamics of social media. This transformative concept aims to reshape the landscape of digital interactions by putting control, ownership, and monetization directly into the hands of content creators and users.
SocialFi empowers individuals by allowing them to directly monetize their social interactions, fostering a more equitable and transparent online environment. At its core, SocialFi introduces many interesting key features.
Key Features
Tokenized social capital provides a means for users to translate their influence and engagement into tangible value. Blockchain-based data storage ensures security and transparency, while decentralized autonomous organizations (DAOs) govern protocols, minimizing the risks associated with centralized decision-making.
How It Works?
SocialFi operates on the premise of allowing users, especially content creators, to monetize their interactions. Drawing parallels to platforms like Patreon, creators can directly engage with their audience without intermediaries, marking a departure from the traditional social media model. Unique elements such as digital ownership through NFTs and DAOs for governance further enhance the user experience.
Bitcoin Dominance has been rejected from the resistance area multiple times. We may see a move towards the support area now. Altcoins will continue the upward movement if Dominance drops to the support area.
Support Area: 51.90%-52.20%
Resistance Area: 54.80%-55.40%
Educational Post
What Is Total Value Locked (TVL)?
The TVL measures the total value of assets deposited in a particular decentralized finance (DeFi) protocol. It's also possible to calculate the TVL of the entire blockchain ecosystem by aggregating the TVLs of all the different DeFi protocols on that blockchain.
To better understand TVL, imagine that you deposit $1,000 into a DeFi protocol that allows you to earn interest on your deposit. Your $1,000 is now locked or staked in the protocol. Now, if ten other people also deposit $1000 each into the same protocol, the TVL of the protocol becomes $11,000.
How to Calculate TVL
TVL is a way to quantify the level of activity and adoption within a DeFi ecosystem. To calculate TVL, determine the total value of all assets currently locked on that platform. This includes all locked assets, such as collateral, staked, and borrowed assets.
Then convert the value of the assets to a standard unit, such as USD or another fiat currency. Finally, add the total value of all assets to determine the TVL of the DeFi protocol.
Data aggregators are popular sources for tracking TVL in DeFi. These platforms collect data from various DeFi protocols and aggregate it into a single dashboard, making it easy to track the overall growth and adoption of the DeFi ecosystem.
The price of AMB has continued to rise as anticipated. Our long position has yielded a profit of over 75% since we entered the market. It is advisable to take some profits at this point and maintain the rest with a trailing stop loss. The current price is struggling to sustain above the resistance area, and we may see a test of the resistance area again.
Next Resistance Area: $0.019-$0.020
Bitcoin has broken above the minor downtrend line and established a new all-time high. With the price now trading above this downtrend line, it's a positive indicator. Another attempt to break above the $70,000 level may be imminent. 🚀
Читать полностью…The market cap of altcoins (TOTAL2) is currently trending upwards and approaching a resistance area. It remains to be seen how the market will respond once it reaches this point, but if it manages to break above the resistance area, it would be a bullish sign. It's important to book profits and practice proper risk management.
Resistance Area: $1.20-$1.25 Trillion
MDX achieved first target. Price made a high of 0.0838, that is more than 17% profit from our entry. Our team is working hard to find good trades. Pin our channel on top to never miss a signal and share it with your friends and family.
Читать полностью…#UFT on verge of breakout on higher timeframe
Things will heat up after breakout so don’t miss this golden opportunity to join the ride🚀
FIDA experienced a significant pump today and is on track towards our third target. We've already gained over 72% profit from our entry. It's a good opportunity to consider either booking profit or holding the position with a trailing stop loss. Our analysis team consistently identifies the best setups in the market. Pin our channel on top to never miss a signal.
Читать полностью…#UFT on verge of breakout on higher timeframe
Things will heat up after breakout so don’t miss this golden opportunity to join the ride🚀
Educational Post
What is Win Rate?
In financial markets, win rate (or win ratio) is a metric that indicates how profitable a trader might be. Typically used in day trading, win rate has become an important way for traders to evaluate their trading strategy. It essentially recognizes the number of winning trades relative to all the trades an individual makes over a certain period.
For example, if an individual trades a total of 10 times and has won 7 of those trades, their win rate is 70% (7/10). The formula for win rate is always the number of winning trades divided by the total number of trades. In calculating their win rate, traders are able to determine if their strategy is working or not.
Win rate vs. win-loss ratio
In addition to the win rate, traders also use the win-loss ratio to track their performance. Unlike the win rate, the win-loss ratio takes into consideration the number of wins relative to the number of losses.
For example, in a total of 20 trades, you win 12 and lose 8. Your win-loss ratio would be 1.5 (12/8). Your win rate, however, would be 60% (12/20 x 100). However, as with our previous example, having a win-loss ratio greater than 1.0 does not guarantee success.
Win rate limitations
It’s worth noting that a high win rate doesn’t always mean profitable success. Being profitable depends on other factors, one of which can be the risk/reward ratio. Even if you have a high percentage win rate, you may still be unprofitable if your stop losses are too large. This, in effect, negates the many smaller wins. The opposite case is also possible.
ETH broke the major resistance area and now trading above it. The next resistance is the $3950-$4000 area and we may see a test of this level. The support level remains the same.
Читать полностью…QTUM analysis:
Price broke through the resistance area and is now rising rapidly. We may see a continued upward movement towards the next resistance area. You can open long positions near the support area with a tight stop loss.
Support Area: $3.50-$3.80
Next Resistance Area: $7.90-$8.60
US spot BTC ETFs have already accumulated over 760,000 BTC (including Grayscale's balance sheet).
Читать полностью…Bitcoin briefly reached the $69,000 milestone before a significant pullback ensued, dropping to the $59,000 support area. However, it quickly bounced back from there. Currently, BTC is making efforts to reclaim the $65,000 level. We anticipate sideways movement between $60,000 and $65,000 throughout this week, with potential for more action next week.
Читать полностью…