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Bitcoin is unable to break above the resistance area. Price is now heading toward the major support area. Let's see how the price reacts on the support area.
Читать полностью…After active sales in May, miners switched to accumulating BTC reserves. We may see BTC stacking by miners for 2024 halving.
Читать полностью…There is no change in the market structure. Price is trying to break the yellow resistance area. Let's see if the price is able to break above this zone. The support level remains the same. A big move is coming very soon.
Читать полностью…Educational Post
What is Bitcoin Halving?
Bitcoin Halving simply refers to reducing the rate of daily new bitcoins generated with time which decreases the inflation rate of bitcoin with time.
Bitcoin Halving is a process that reduces bitcoin mining reward per block to half of the previous value that occurred after every 210,000 blocks.
In bitcoin halving, the rate of generation of new bitcoins will be reduced by 50% in every 4 years approximately.
When bitcoin was started in January 2009, the block reward was the 50 bitcoins.
As we know that in every four years the rate of new bitcoins creation or mining reward decreased to its half value from its previous value. So as per the mathematical calculation, it is estimated that all bitcoin will be successfully mined or created until the year 2140.
The First Bitcoin halving occurred on 28 November 2012 where the bitcoin block reward was reduced from 50 bitcoins to 25 bitcoin.
ATOM is now near the breakout of the triangle. Wait for a breakout of the triangle for new entries. If price break below $10.30 level then we open short positions.
Читать полностью…ONE analysis:
ONE is trading in a downtrend channel. The local resistance is $0.015-$0.0155 area. The major resistance is the $0.0183-$0.0188 area and if the price is able to break the downtrend channel then we see a test of the major resistance area. The next support is the $0.0125-$0.0128 area and this is the zone for new entries.
Price is trying to break the resistance area. A break above $0.00365 is bullish and we will looking for new entries after the breakout. If price unable to break above the resistance level then we see a test of the trendline.
Читать полностью…Price is holding the trendline and the wicks show price rejection. Bitcoin is trading in the range for quite a long time and we are near a breakout. Keep tight stop loss in all trades as the price can break any side.
Читать полностью…Just-In: Binance Australia Officially Ceases AUD Deposits And Withdrawals
https://bit.ly/43fihOj
Bitcoin was rejected from the downtrend line and now heading toward the major support area. Let's see how the market behaves on the support. Price needs to hold this support area at all costs otherwise we see a heavy dump in the market.
Читать полностью…Just-In: Binance Reportedly Plans To Start Layoffs In June, Another FUD?
https://bit.ly/3MHkoU6
AVAX is now testing the major support area. Price need to hold this support otherwise we see a dump toward the $11.50 support area. You can open a long position here with tight stop loss.
Читать полностью…Wallet Maintenance for BNB Smart Chain (BEP20) - 2023-05-31
Deposits and withdrawals on BNB Smart Chain (BEP20) will be suspended starting from 2023-05-31 05:55 (UTC).
IOST analysis:
IOST is trading in a falling wedge pattern. Price need to break the $0.0098 resistance area to bring some upward movement. Wait for a clear breakout above the resistance area for new entries. The support is $0.0089 and a break below this will bring a heavy dump in IOST.
ICP analysis:
ICP is testing the major support area. You can open long positions here with tight stop loss below the $4.40 level. We may see a bounce from this support level. The next major support is the $3.50-$3.60 area.
COS Analysis :
COS Rejected Hard from the Resistance area around $0.00628 - $0.00636 after bouncing of the support zone around $0.00553 - $0.00566. Its more prone to a Ranging now and wait for the setup to form, as price is at the middle of nowhere.
ROSE break the triangle in upward direction. Price is now retesting the trendline and you can open long positions here with tight stop loss. We may see a move toward $0.065 resistance area.
Читать полностью…NKN analysis:
Price is trading in the range of $0.065-$0.15 area for the last year. Price tried several times to break this range but the long wicks showed heavy price rejection. Price is now testing the resistance area. You can open small short positions with tight stop loss.
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There is a descending triangle pattern on the 4-hour chart. Price need to break the $27,500-$27,700 resistance area to bring some positive movement in the market. Descending triangle is a bearish pattern and usually breaks in a downward direction. Keep tight stop loss in all trades and keep an eye on the $26,000 major support level.
Читать полностью…LTC bounced from the support area. If you have opened long positions on the support then book some profit and hold the rest with stop loss. Price is testing the hourly resistance of the $95 area. A candle close above $95 will push the price higher.
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UNI analysis:
UNI is now testing the major support of the $4.70-$5.00 area. You can build your long position in this region. The local resistance is $5.60-$5.75 area and we may see a bounce toward this zone. The major resistance is the $7.20-$7.60 area.
DOT is unable to hold the uptrend line and the price is now testing the major support area. If you missed last time then you can build your long position here. If the price breaks below the $5 level then we see heavy selling in the market.
Читать полностью…ROSE analysis:
ROSE is trading in a symmetric triangle pattern. We will see a breakout of this pattern very soon. A break in the downward direction will send the price toward the $0.0425-$0.044 support area. A break in the upward direction will send the price toward the $0.059-$0.061 resistance area. Wait for a break of the symmetric triangle pattern before opening new positions.
How does DAG work?
In a DAG-based cryptocurrency, each vertex will represent a transaction. DAG does not use blocks to store information, instead, it uses a node or a group of nodes which are developed simultaneously. A small proof-of-work operation is done when a node submits a transaction. When a new transaction is to be added, it is built on the older ones.
Let’s say Alice creates a new transaction, so as to acknowledge it, this transaction should reference the previous ones. In some systems, there are algorithms to select on which transaction a new transaction must be built. The transactions that Alice will build on top are still unconfirmed. But, once Alice references them, they will be confirmed.
DAGs will prevent double-spending. When a node confirms an older transaction, they test the whole path, with DAG’s very first transaction to make sure that the sender has sufficient balance. There are multiple paths involved, but only one path will be verified.
Full Guide on Meme Coins
Meme coins are cryptocurrencies, like Bitcoin or Ethereum, that pay homage to a meme, which is an interesting or funny idea captured in an image, video, or another form of media. Like the memes they’re based on, meme coins are designed to go viral and be shared.
More Details :-
https://telegra.ph/Full-Guide-on-Meme-Coins-05-30
Price was rejected from the resistance level and dumped hard from there. The price tested the $27,000 support area as expected. If the price break below $27,000 then we see a test of the major support area of $26,000.
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