Price is able to hold the support level and bounced from there. The resistance is $31-$31.50 area and we may see a test of this level soon. A break above $31.50 will send the price toward the $34.50-$35 resistance area.
Читать полностью…WING Analysis :
WING is been strongly rejected off from the resistance area of $5.32 - $5.59 and bouncing off the $3.87 -$4.13 support level. Well, price moving inside the falling wedge pattern, where breakout is needed. Most probably, it gonna break below the support. So keep an eye on breakout.
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Nothing has changed in Bitcoin and price continues to trade in sideways movement. We may see a breakout very soon. Be prepared for every move.
Читать полностью…ENJ analysis:
Price is rejected from the resistance area of $0.314-$0.32 and also from the downtrend line. There is a slight uptrend line that works as a support level and the price respects the support line. We may see a break of this triangle very soon. This is no trade zone for ENJ.
Educational Post:
What is a Golden Cross?
A Golden Cross is a basic technical indicator that occurs in the market when a short-term moving average (50-day) of an asset rises above a long-term moving average (200-day). When traders see a Golden Cross occur, they view this chart pattern as indicative of a strong bull market.
Notice of Removal of Trading Pairs - 2023-07-13
https://www.binance.com/en/support/announcement/3e82983b9b614d3facea143ef97efb2d
ZEC analysis:
Price is now testing the support area. ZEC needs to hold the $28 support level otherwise we see a dump toward the $24-$25 support area. The resistance is $31-$31.50 area.
XTZ analysis:
The price is rejected from the $0.857-$0.87 resistance area. The local support is $0.77 level and we may see a test of this zone before the next leg up. Put your buy orders in this zone and wait. The major support is $0.698-$0.714 area.
ID Analysis :
ID kinda dropping hard and floating nearby id ATL (All-Time Low). Price build up an support around $0.247 - $0.254. We might see the continuation of the consolidation and a break below of the level. Better to wait for the any sort of setup.
DOGE unable to break above the resistance level. Price is taking support at $0.06470 area. A break below this level will send the price toward $0.058-$0.60 support area.
Читать полностью…Bitcoin continues to trade in the range. Price is trading above $30,000 which gives some relief to bulls. We may see a break of this trading range this week and will see a big move on either side. Keep tight stop loss in all open trades.
Читать полностью…Educational Post:
What is Circulating Supply?
The term circulating supply refers to the number of cryptocurrency coins or tokens that are publicly available and circulating in the market.
The circulating supply of a cryptocurrency can increase or decrease over time. For example, the circulating supply of Bitcoin will gradually increase until the max supply of 21 million coins is reached. Such a gradual increase is related to the process of mining that generates new coins every 10 minutes, on average. Alternatively, coin burn events like the ones performed by Binance, cause a decrease in the circulating supply, permanently removing coins from the market.
The circulating supply refers to the coins that are accessible to the public and should not be confused with the total supply or max supply. The total supply is used to quantify the number of coins in existence, i.e., the number of coins that were already issued minus the coins that were burned.
The total supply is basically the sum of the circulating supply and the coins that are locked up in escrow. On the other hand, the max supply quantifies the maximum amount of coins that will ever exist, including the coins that will be mined or made available in the future.
Moreover, the circulating supply of a cryptocurrency can be used for calculating its market capitalization, which is generated by multiplying the current market price with the number of coins in circulation. So if a certain cryptocurrency has a circulating supply of 1,000,000 coins, which are being traded at $5.00 each, the market cap would be equal to $5,000,000.
HODLing remains the primary dynamic amongst experienced investors as the #Bitcoin Supply Last Active 1Yr + ascends to an ATH of 13.4M BTC.
Читать полностью…Bitcoin is testing the major resistance area on the weekly chart. BTC needs to close a weekly candle above the $32,000 key level to start a new rally. Rejection from this weekly resistance will push the price back toward the weekly support level of $25,000.
Читать полностью…Price is unable to break the resistance level and Bitcoin is back below it. BTC is stuck in a tight range and the trading volume is dropping. We may see a fakeout on either side to liquidate overleveraged positions before the final direction.
Читать полностью…48 hours until our Kucoin Mega Bull Call
Everything is looking perfect for the biggest Kucoin Mega Bull Call! The target this time will be 1000%+ gains possibly even more. BTC has done major break of structure and consolidating in a bull flag. It is getting ready for a massive breakout, which would signal a bull run in altcoins. with the power of our whales and our volumes being high, the odds of reaching 1000%+ profit will be very high once again. We will do everything in our power to make sure we reach this target, if you have missed our previous big successful calls, this is also the one you will not want to miss.
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Read pinned post | Stay tuned
Bitcoin HODLers remain in a regime of accumulation, continuing to absorb coins at a rate of +27.1K BTC / Month.
Читать полностью…Updates on Tick Size for Spot Trading Pairs (2023-07-19)
https://www.binance.com/en/support/announcement/98fe5090addb4775bd53c7a1da12687a
3 days left for the biggest Kucoin Mega Bull Call in the history!! A group of the largest whales in crypto (we’re talking wallets holding over 1,000 BTC) have joined our team for this Kucoin Mega Bull Call, and we’re ready to send it higher than any other big pump seen before!!
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CHR analysis:
Price is now testing the support of the $0.109-$0.1130 area. You can open a small long position in the support area with a tight stop loss below the $0.10 level. We may see a bounce from here toward the resistance of the $0.127-$0.13 area.
Bitcoin is unable to break the resistance area again rejected from the daily resistance area. BTC keeps trying to break the resistance area on smaller and higher timeframes but has no luck yet.
Читать полностью…Educational Post:
What is ERC-20 Token?
ERC-20 is a technical standard used to issue and implement tokens on the Ethereum blockchain. It was proposed in November 2015 by Ethereum developer Fabian Vogelsteller. The standard describes a common set of rules that should be followed for a token to function properly within the Ethereum ecosystem. Therefore, ERC-20 should not be considered as a piece of code or software. Instead, it may be described as a technical guideline or specification.
The ERC-20 standard makes it easier for developers to predict with more accuracy the interaction between different tokens and applications. It also defines how ERC-20 tokens are transferred within the Ethereum blockchain and how their respective supply and address balances are being consistently recorded.
The ERC-20 standard reduced significantly the efforts required to create and issue a digital token, and this is probably related to the raising interest in ICO crowdfunding events and blockchain technology as a whole.
Several projects are already using the technical standard, and the number of ERC-20 token contracts has grown drastically in the last couple of years. In mid-2017, there were around 5,500 ERC-20 smart contracts on the Ethereum network. In early 2018, this number grew to over 40,000 and is now more than 2,00,000.
Price continues to trade in the range and the trading volume is dropping. BTC is giving mixed signals and this can go either side. The breakout will be huge.
Читать полностью…ID Analysis :
ID kinda dropping hard and floating nearby id ATL (All-Time Low). Price build up an support around $0.247 - $0.254. We might see the continuation of the consolidation and a break below of the level. Better to wait for the any sort of setup.
XLM dumps to the support area as expected and bounces from there. Increase your stop loss to breakeven price and hold the long position. We may see a test of the $0.107-$0.11 resistance area in the coming days and this is the zone for profit booking.
Читать полностью…AGIX analysis:
The price is trading in a symmetric triangle and the price is now testing the $0.226-$0.232 support area. We can see a bounce from here toward the $0.255 resistance level. You can open a small long position here with tight stop loss.
SUSHI breaks the ascending triangle in a downward direction. The support is $0.615-$0.62 area and the price needs to hold this level. A break below this support level will send the price toward the $0.55 level. Still no setup for long positions.
Читать полностью…Ethereum Whale Justin Sun Transfers $43 Million Worth ETH to Poloniex
https://bit.ly/3O1Yn4a
NKN analysis:
Price is trading in the big range of $0.068-$0.15 area. Only open a long position if the price drops below the $0.075 level. The local resistance is the $0.105-$0.11 area and a break above this will send the price toward the $0.15 area.