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DOGE has approached the resistance area and encountered selling pressure. We may witness another attempt to test the resistance area. We should wait and observe how the price behaves at that level. It's best to wait for a breakout and confirmation before opening new long positions. The support and resistance levels remain unchanged.
Читать полностью…Bitcoin has broken the small triangle in a downward direction and is now heading for a retest. We will likely see a move towards the $50,000 level, and it remains to be seen how the price will react there. If the price breaks below the $50,000 level, we may see some selling in the market.
Читать полностью…An overwhelming majority of coins (87%) were acquired below the $48k mark, with a notable concentration of Short-Term Holder supply clustered between $40k and $45k.
Interestingly, Long-Term Holders control the remaining 13% of the supply held in a loss, indicative of those who purchased at the peak of the 2021 bull market and all-time high prices.
Bitcoin is currently displaying a pattern similar to what was observed after the market pump. It remains to be seen which direction the small triangle will break, which will determine the next move. As of now, the support level is in the range of $48,000-$50,000. The market is still bullish, as long as BTC remains above this level.
Читать полностью…BTC reserves on centralized exchanges have reached a six-year low. The data suggests that investors are moving their BTC from exchanges to their personal wallets.
Читать полностью…SHIB is currently testing the resistance area, and its reaction will be crucial. A successful break above this resistance would signal bullish momentum, potentially leading to further upward movement towards the next resistance area. Conversely, a rejection could prompt a downward move towards the support area. It's advisable to wait for a breakout above the resistance area before considering new entries.
Читать полностью…OSMO analysis:
The price has cooled off after a recent rally and is now trading within a specific range. It has been rejected from the resistance area, which may lead to a move towards the support area in the coming days. If you are interested in opening long positions, it is recommended to do so near the support area with a tight stop loss.
Support Area: $1.35-$1.43
Resistance Area: $1.68-$1.72
TRX has broken out of the rising wedge pattern and is now aiming for the $0.15 resistance level. We anticipate further upward momentum in the coming days. However, it's important to note that there may be profit-taking near the resistance level. If you're holding long positions, consider booking profits accordingly and implement tight stop-loss measures to manage risk effectively.
Читать полностью…Bitcoin is experiencing a strong surge and has reached the $52,000 level. With significant FOMO (Fear Of Missing Out) building up and the market hyped, caution is advised. A market correction could occur at any time, so it's prudent to employ tight stop-loss strategies for all open trades.
Читать полностью…The TOTAL crypto market cap has rebounded from the support area and is now approaching the significant resistance zone. The $2 trillion level represents a psychological resistance area, where we may encounter substantial selling pressure and profit-taking activity.
Support Area: $1.50-$1.55 trillion
Major Resistance Area: $1.97-$2.00 trillion
Bitcoin faced rejection at the $50,000 level and is currently trading below it. Significant selling pressure is observed at the $50,000 level. We anticipate a test of the local support area before the next significant move.
Читать полностью…Educational Post
What is Security Audit?
A security audit consists of a systematic analysis of an application, system, or database to evaluate how solid and safe it is. In the context of blockchains, security audits consist of a peer review of a smart contract or blockchain code to identify potential bugs or flaws.
Considering the traditional definition, a security audit investigates processes according to a predetermined guideline or in relation to a standard, such as the Common Criteria for IT Security Evaluation. Many companies perform security audits as a way to ensure that their systems are strong enough against potential leaks, intrusions, or cyberattacks.
Other than that, security audits are very important in determining regulatory compliance because they make it clear how a company or institution is handling and protecting sensitive data. The audits may also examine physical access to the company’s facilities and information systems, as well as the preventive strategies in place against potential attacks.
Security audits may be considered one of the three main types of security diagnostics methods, along with vulnerability assessments, and penetration tests (aka. pen test). However, full security audits will often include pen tests and vulnerability assessments, so the term definition may change depending on the context.
Bitcoin is currently trading at a resistance area. On lower time frames, there is a small symmetric triangle that needs to be watched closely to see which side it breaks. The price needs to maintain its local support, otherwise, there may be a test of the $45,000 area.
Local Support Area: $46,700-$47,200
Bitcoin has climbed above the $48,000 mark, marking a positive development. However, it's crucial to note that this level serves as a significant resistance zone, extending up to $50,000. Additionally, $50,000 is a psychological barrier for traders. It remains to be seen how the price will respond as it approaches this resistance area.
Читать полностью…Bitcoin OTC desks are experiencing a depletion of their holdings as demand from various spot ETFs surges, effectively absorbing all current selling pressure.
This trend underscores the growing institutional interest in Bitcoin and its increasing adoption as a mainstream investment vehicle.
ETH is maintaining its upward momentum following the breakout above the resistance line. We anticipate further upward movement towards the psychologically $3000 resistance area. Consider placing buy orders near the support area.
Support Area: $2660-$2700
FARM analysis:
The current price is currently testing a resistance area and attempting to break above it. We'll have to wait and see if the price can break above the resistance area. If a daily candle closes above the resistance area, this will provide confirmation and we can start looking for new entries.
Support Area: $38.40-$39.70
Resistance Area: $44.50-$45.80
Next Resistance: $54.60-$55.50
AAVE has now reached the resistance area, and we will observe how the price reacts in this zone. If the price breaks above the resistance area, this would be a bullish sign and could potentially send the price towards the $115 resistance level. We plan to open a long position after a successful breakout and retest of the resistance area.
Читать полностью…DEGO analysis:
DEGO encountered significant selling pressure at the resistance area, resulting in a rejection. Another attempt to surpass the resistance may occur. Currently, it's a no-trade zone; it's advisable to await a breakout or rejection at the resistance area.
Support Area: $2.15-$2.18
Resistance Area: $2.42-$2.45
BICO has broken out of the triangle pattern, suggesting a potential continuation of the upward trend. Consider opening long positions if the price approaches the $0.40 support area, ensuring tight stop-loss measures are in place.
Support Now: $0.395-$0.40
Resistance Area: $0.45-$0.46
Bitcoin is trading sideways around $52,000. The overall market is bullish, and altcoins are showing upward movement. The continuation of the upward movement will depend on whether BTC stabilizes above the $50,000 level.
Читать полностью…Educational Post
What is return on investment (ROI)?
Return on investment (ROI) is a way to measure an investment's performance. It also can be used to compare different investments.
There are multiple ways to calculate returns, and we'll cover some of them in the next chapter. For now, though, it's enough to understand that ROI measures the gains or losses compared to the initial investment. In other words, it's an approximation of an investment's profitability. Compared to the original investment, a positive ROI means profits, and a negative ROI means losses.
ROI calculation applies to not just trading or investment, but any kind of business or purchase. If you plan to open or buy a restaurant, you should do some number crunching first. Would opening it make sense from a financial perspective? Calculating an estimated ROI based on all your projected expenses and returns may help you make a better business decision. If it seems like the business would turn a profit in the end (i.e., have a positive ROI), it may be worth getting it started.
Also, ROI can help evaluate the results of transactions that already happened.
DOT is currently moving as expected and is undergoing tests in the resistance area. The next crucial step is to observe whether it can surpass this resistance zone. If DOT breaks above the resistance area, we anticipate a significant upward movement. If you are holding long positions, it would be wise to consider booking some profits or implementing tight stop-loss strategies.
Next Resistance Area: $8.55-$8.70
MASK analysis:
Price is currently trading within a range defined by support and resistance levels. It is advisable to avoid trading until a clear break above the resistance or a test of the support zone occurs, which will provide better entries.
Support Area: $3.10-$3.30
Resistance Area: $4.00-$4.15
Short-term investors sent a total of $4 billion to exchanges to take profits on February 8 and 9 (last Thursday and Friday). Bitcoin absorbed the selling pressure and now moving upwards.
Читать полностью…GALA analysis:
The price had bounced back from the support area and tested the resistance area. However, GALA encountered significant selling at the resistance area which caused it to reject from there. It is predicted that there might be another test of the resistance area and we should wait and see if the price can break above it. It is recommended to wait for some time for new entries.
Resistance Area: $0.0246-$0.0253
BTC buyers from the 2021 bull cycle have finally reached breakeven.
While some may feel anxious, most long-term holders are resolute in their commitment to hodl, as evidenced by numerous on-chain data.
BONK has rebounded from the support area as anticipated. Our long position has achieved a peak profit of over 40% from our entry point. It is recommended to hold onto the long positions while using a trailing stop loss as we may see a move towards the resistance area, which is the zone for profit booking.
Resistance Area: $0.0000165-$0.0000177
IDEX analysis:
The price has rebounded from the support area, indicating it may move towards the local resistance area. You can either place your buy orders in the support area or wait for a break above the local resistance area to enter the market.
Support Area: $0.047-$0.049
Local Resistance Area: $0.060-$0.062