HARD analysis:
Price is breaking out of a resistance area. A bullish candle close above this resistance area will signal the continuation of the upward movement. We await confirmation to open new long positions.
Level to Hold: $0.195-$0.200
MDX/USDT is primed for an explosive breakout! 🚀 Don't miss out on this monumental bullish surge! 📈
Читать полностью…Uniswap's latest upgrade has ignited a surge in #DEX altcoins🚀
So If you didn't catch #SUSHI or #UNI, now's your chance to hop on the rocketship with #MDX
Uniswap's latest upgrade has ignited a surge in #DEX altcoins🚀
So If you didn't catch #SUSHI or #UNI, now's your chance to hop on the rocketship with #MDX
MDX is an automated market making (AMM) decentralized exchange protocol that operates on the concept of fund pools, sharing some similarities with standard DEXs.
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: $0.0799 - 0.098 - 0.115 - 0.150
FIDA achieved its first target as expected and the price hit a high of $0.3670, resulting in a profit of more than 12% from our entry. You can increase your stop loss and hold the position.
Читать полностью…EGLD analysis:
Currently, the price is attempting to maintain its position at the support area. Let's observe whether the price can sustain the support area and conclude the candle above it. If the price can hold this support area, we can expect an upward move towards the resistance area.
Support Area: $56.40-$57.50
Resistance Area: $66.50-$68.50
Bitcoin miners have been the primary source of selling pressure in 2024, particularly noticeable since the introduction of the ETF. Remember halving is coming and miners rewards will be cut in half.
Читать полностью…FIDA/BTC lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: 730 - 850 - 970 - 1200 satoshi
SL: 573 satoshi
There hasn't been any significant change in the market and it continues to move sideways. The support and resistance levels remain unchanged. Expect the same sideways movement in Bitcoin over the weekend.
Читать полностью…Educational Post
Examples of Bitcoin Layer 2 Solutions
Several Layer 2 solutions have emerged within the Bitcoin ecosystem, each contributing to scalability and introducing new functionalities.
1. Lightning Network
Launched in 2018, the Lightning Network uses state channels to enable microtransactions on top of the Bitcoin Layer-1. It facilitates fast and low-cost transactions by conducting multiple transactions off-chain and settling the opening and closing balances on the main blockchain.
2. Rootstock (RSK)
Operating as a sidechain, Rootstock pioneered smart contracts on the Bitcoin blockchain. It allows users to send Bitcoin to the Rootstock network, where it becomes a locked-up smart Bitcoin (RBTC) in the user's RSK wallet, enabling faster and cheaper transactions.
3. Stacks Protocol
This Layer-2 blockchain (formerly Blockstack) enables smart contracts and decentralized applications on the Bitcoin blockchain. Stacks utilizes microblocks for speed and a Proof-of-Transfer (PoX) mechanism, tying transactions to the Bitcoin blockchain.
4. Liquid Network
Liquid Network is a Bitcoin Layer 2 sidechain that allows its users to move their bitcoins back and forth using a two-way peg mechanism. When BTC is transferred to the Liquid Network, it’s converted into Liquid BTC (L-BTC) at a 1:1 ratio. It also supports the issuance of tokens and other digital assets.
As expected, MATIC has rebounded from the support area. Our long position has achieved a peak profit of over 40% from the entry point. You may continue to hold onto the long positions with a trailing stop loss. In the coming days, we anticipate a test of the major resistance area. The support and resistance levels remain unchanged.
Читать полностью…ONG analysis:
The price has rebounded from the support region and is currently testing the resistance area. We need to observe if the price can surpass the resistance area or not. We will only consider opening new long positions if the price can break and remain above the resistance area, or if it undergoes a test of the support area.
Support Area: $0.305-$0.312
Resistance Area: $0.345-$0.35
Educational Post
What is a WhitePaper?
A whitepaper is typically a detailed document aimed at informing readers about a specific topic or project. In the blockchain realm, it serves as a guide outlining the key features and technical aspects of a particular cryptocurrency or blockchain venture. While many whitepapers focus on coins or tokens, they can also cover various projects like decentralized finance (DeFi) platforms or play-to-earn games.
These documents often include statistics, diagrams, and explanations of the project's governance structure, team composition, and development roadmap. However, there's no one-size-fits-all approach to creating a whitepaper, as each project tailors it to suit its unique needs. Ideally, whitepapers should be unbiased and informative, providing clear insights into the project's objectives and functionality.
Investors should approach whitepapers with caution, scrutinizing them for persuasive language and ensuring they offer sufficient information without making unrealistic promises. While cryptocurrency whitepapers are akin to business plans, they're typically released before the project's launch, serving as a foundational document outlining the project's vision and goals.
Brace yourselves! #MDX is breaking free from the triangle, signaling a colossal pump on the horizon! 🚀
Читать полностью…Altseason indicator has been positive since February 4th, but only 59% of top 50 altcoins outperformed Bitcoin in the last 90 days. We're not fully in altseason yet.
Читать полностью…Brace yourselves! #MDX is breaking free from the triangle, signaling a colossal pump on the horizon! 🚀
Читать полностью…MDX/BTC lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: 155 - 185 - 210 - 250 satoshi
SL: 120 satoshi
FIDA/BTC pair reached a high of 718 today, representing a 13% profit from our entry. Our analysis team is working hard to identify the best TA+FA-based setups for our community. Pin our channel on top to never miss a signal and share it with your friends and family.
Читать полностью…Bitcoin is maintaining the local support around the $50,500 area and has bounced back from there. We still anticipate sideways movement until Monday. It's advisable to avoid using high leverage, and you can consider trading within the range with tight stop-loss orders.
Читать полностью…Educational Post
What Is Liquid Staking?
Liquid Staking refers to the tokenization of staked assets. It’s a transformative process within the blockchain ecosystem, primarily associated with Proof of Stake (PoS) networks. In traditional staking, users lock their crypto holdings to support the security and operation of a blockchain. Liquid Staking takes this concept to the next level by allowing users to tokenize their staked assets, creating a more flexible and dynamic approach to participating in staking ecosystems.
The Staking Process
Staking, in its conventional form, involves users locking their cryptocurrency, commonly Ethereum or other PoS-based tokens, to validate transactions and maintain the blockchain's integrity. This process comes with a trade-off, as staked assets are typically illiquid during the staking period.
The Emergence of Liquid Staking
Liquid Staking addresses the liquidity issue associated with traditional staking. It introduces a mechanism where users receive liquid staking tokens (LSTs) in exchange for their staked assets. These LSTs represent both the staked amount and the corresponding staking rewards. Unlike traditional staking, users can freely trade, use in decentralized finance (DeFi) applications, or leverage as collateral their LSTs without waiting for the staking period to conclude.
The TOTAL crypto marketcap is currently approaching a significant resistance zone, coinciding with a psychological barrier at the $2 trillion mark. Given this confluence, it's likely that we'll observe profit-taking activities around this area.
- Major Resistance Area: $2 Trillion
#FIDA breaking out on lower timeframe👀
Pump mode will be activated any time 🚀
Get in for quick gains✌️
FIDA is known as the top infrastructure developer on Solana. This accolade has been earned from their contributions to the ecosystem by providing services and products that allow for the wider ecosystem to flourish.
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: $0.365 - 0.45 - 0.60 - 0.80
AMB Analysis:
The price of AMB is currently oscillating between the support and resistance zones, creating a neutral trading environment. It's advisable to avoid trading within this range and instead anticipate a potential retest of the resistance zone. For new entries, it's recommended to wait for a breakout above the resistance area.
Support Area: $0.00708-$0.0074
Resistance Area: $0.0094-$0.00985
Bitcoin and Ethereum are leading the pack in terms of performance, with gains of +17.6% and +18.2% year-to-date, respectively. Ethereum has recently started to outperform Bitcoin after the approval of the Bitcoin ETF, a change from its previous underperformance.
Meanwhile, the overall Altcoin market cap hasn't seen the same level of growth, with gains less than half of what Bitcoin and Ethereum have achieved so far this year.
The ongoing battle between bulls and bears continues, with selling pressure persisting while bulls defend the crucial $50,000 level. This tug-of-war indicates a healthy contest in the market. Bitcoin's bullish momentum remains intact as long as it maintains above the $50,000 threshold.
Читать полностью…The liquidation of overleveraged long positions in Bitcoin signals a healthy market reset, restoring balance between buyers and sellers. Now, we await to see if the price will bounce back from this juncture or dip further towards the $50k levels.
Читать полностью…