Educational Post
What is Polkadot?
Polkadot is a project by the Web3 Foundation that delivers a framework that allows developers to build and join blockchains together. The network operates cross-chain communication and interoperability by connecting multiple blockchains into one unified network.
The project’s Lightpaper explains that the network aims to offer advantages of heterogeneous sharding, scalability, upgradeability, transparent governance, and cross-chain composability over other projects.
Blockchains in isolation are able to process a limited amount of traffic. Polkadot is a sharded multichain network, meaning it can process many transactions on several chains in parallel. This helps in eliminating the limitations that occurred on legacy networks that processed transactions one-by-one.
KEY broke the support level and price is retesting the area. If you opened long positions then close them at breakeven point. We may see downward movement after the retest.
Читать полностью…TVK USDT pair made a high of $0.0409, that is more than 27% profit from our entry.
Читать полностью…$4.4M Seized: US, Binance Step Up to Stop North Korean Crime
Settling their past differences, Binance & the U.S. authorities collaborate on retrieving $4.4 million of stolen funds.
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FUN analysis:
FUN is trading in a downtrend channel. Price is rejected from the resistance of $0.00597-$0.0063 area. The support is $0.00495-$0.005 area. Don't open any long positions in FUN.
Educational Post
What Are Atomic Swaps?
An atomic swap is generally a smart contract technology that allows one cryptocurrency to be traded for another without the use of centralized intermediaries, such as exchanges. Throughout this process, users have complete control and possession of their private keys.
Atomic swaps can occur directly between blockchains of various cryptocurrencies, or they can be made off-chain, away from the main blockchain. The atomic swaps first came into attention in September 2017, when an atomic swap was made between Decred and Litecoin.
The Atomic Swap was first proposed by Tier Nolan at the BitcoinTalk Forum in 2013. Nolan explained the fundamental rules for cross-chain cryptocurrency swaps through various forms of blockchains.
Bitcoin broke the symmetric triangle in downward direction. Price is testing the $26,000 support level and a break below this will bring heavy dump in market. Keep tight stop loss in all trades.
Читать полностью…🛎New Signal announcement!
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ORN printed a new lower low, without giving a proper retest and reached the 4H structural support zone of $0.867 - $0.872. Price already reacting from there, but as per trend wait for a potential retest around $0.895 for shorts.
Читать полностью…Notice of Removal of Trading Pairs - 2023-05-26
https://www.binance.com/en/support/announcement/d2c3ba4339604af2855bfe950d1ceaa4
TKO/BTC big double bottom in formation. This could be huge bullish in short term😊🚀
Читать полностью…TKO/BTC lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here 😊🚀
Targets: 1203-1475-1798-2050 satoshi
SL: 962 satoshi
When assessing the macro trend for #Bitcoin Balance on Exchanges, we note an exponential growth in BTC held on Exchanges following their inception in 2011, to the 2020 Covid Crisis, recording a peak of 3.2M BTC.
Retrospectively, the Covid Crisis appeared to be a catalyst for an inflection in participant interaction with exchanges, marking the inauguration of a macro decline in Exchange Balances. Currently, the Balance on Exchanges resides at 2.3M BTC, a 28% decline from its peak.
ETH break above the resistance level. We may see a move toward the $2000 area now. Price need to hold the support area.
Читать полностью…JOE analysis:
The price bounced from the support of the $0.30-$0.32 area. The resistance is $0.444-$0.468 area and we may see a test of this zone. If you have open positions in JOE then increase your stop loss and hold the trade.
Whale inflows to Exchanges have remained extremely quiet year to date, recording a current transfer volume of $187M.
When comparing the current value, to the peak inflow value of $1.82B, a stark decline of 85.4% can be noted, highlighting the severity of the inflow contraction.
Price is slowly moving toward a retest of the trendline. We may see a retest and continuation of the downtrend. If price able to break above the trendline then we see some
Читать полностью…TVK made a high of 152, that is more than 27% profit from our entry. Increase your stop loss and keep booking profit.
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Читать полностью…Just-In: Blockchain.com CEO Warns Of Bitcoin, Crypto Selloff After Debt Ceiling Deal
https://bit.ly/3BWtwPO
LTC break the support of $90-$91 area and price is now testing the $82. If you missed last time then you can open a small long position here with tight stop loss.
Читать полностью…KEY analysis:
KEY is now retesting the support of the $0.0065-$0.00685 area. Price rejected from the major resistance of $0.00854-$0.00894 area. You can open a small long position at the support area with tight stop loss. The next support is the $0.00553-$0.00577 area.
Ledger Recovery Service Rollout Screeches to a Halt. Too Little Too Late?
Several community members suggest it may be too late to undo the damage to Ledger's reputation.
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Bitcoin is forming a symmetric triangle on 1-hour chart. We may see a breakout of the triangle very soon. There is nothing much to do in market now. Wait for a clear breakout for new trades.
Читать полностью…USDT Usage Plummets to 4-Year Low Despite Record Market Cap
USDT's dwindling trading and surging market cap raise questions about its actual usage and crypto market impact.
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ORN analysis:
The price broke the support level of the $0.95-$1.00 area. The next support is the $0.78-$0.80 area and we may see a test of this zone before the next move. Wait for some time for better entries.
TKO/USDT
Tokocrypto was launched in September 2018 and became the first entity registered under Indonesia's Commodities Futures Trading Regulatory Agency (BAPPEBTI) by November of that year.
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: $0.3295-0.4575-0.6895-0.8045
As expected price tested the support area and bounced from there. ARPA is now testing the major resistance area of $0.067-$-$0.069. If the price rejects from here, we may see a move toward the $0.06 support area.
Читать полностью…The sideways movement continues. Market is stagnant and nothing has changed yet. A big move is coming and prepare for that.
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Huobi has drawn the ire of Malaysian market regulators.
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