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#ETH just did a massive breakout if the structural resistance area. Well, there's many more fundamental changes and News around it to make it so. Currently, price nearly reached out the major level nearby $2000. A rejection/ short-term pullback is expected with that area.
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https://www.binance.com/en/support/announcement/a03bc67df117414cbfedf016f6611f9e
Updates on Binance ETH 2.0 Staking Withdrawals | Binance Support
Hello everyone, the next official Kucoin Mega Bull Call will be scheduled for :
- Date: Wednesday , April 19th
- Time: 16:00 GMT
- Exchange: Kucoin.com
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We have 7 days to prepare for this massive call, This gives users more time to join us and allows for a wider selection of potential coins. Truly this may be one of our greatest call ever. See everyone this Wednesday at 16:00 gmt. We have also put together a small guide on how to trade our Mega Bull Call effectively on Kucoin to make sure all our members are well prepared : https://telegra.ph/How-to-Trade-KuCoin-Mega-Bull-Call-09-20
Stay tuned | Happy trading 😊
#TRX did gave a breakout of the resistance line, which was a the potential buys, but ended being a fakeout now. Currently, price flipped below the major resistance zone and expected to move lower, if 4H candles gave some sort of rejection.
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We already updated on Weekly TF for #Bitcoin and LTF looking similar now. Price already entered the major resistance zone and kinda volume is been exhausted. Retracement might come from here back till $28,600 and $28,900.
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The Largest Depositors ( Greater then 500+ Validators) are experiencing heavy losses near about $4.7B, despite of this Booming Market.
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#BITCOIN WEEKLY UPDATE :
SO, the urge of #Bitcoin is reached and hits out the $30,000 mark. Well, HTF always wins. Now, we've to wait for the Weekly Candle close, either it breaks and close above the zone or rejects the area. Keep an eye on closing part 👀
#TVK moved in a short span of time and pushed higher and easily achieved the 1st target of 159 Satoshi. Price nearly came towards the 2nd target and made a high of 170 Satoshi's, which is 20.5% in profits.
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More than half of the total supply of Bitcoin is currently inactive, as per #Glassnode data. This trend shows the accumulation of BTC for the long run.
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#BTC broke the small triangle after a fakeout. Price rejected from the resistance line. We might see a move toward the resistance zone.
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Here's the analysis of #LUNA :
#LUNA rejected very strong the major resistance zone from Daily TF around $1.473 - $1.493. Price retraced Deeply and reached/ tapped the 4H Strong support zone (Grey Box) at $1.30 area. Well, still bearish Continuation is expected and a break-below of the zone too. Take risk accordingly here.
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#BTC still moving in a range and in hourly TF, price created a new range inside it. There's a symmetrical triangle pattern forming above zone, which can tend to breakdown. We already having an intermediate support around $27,600, were can hodl on.
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#BTC stayed inside the the major resistance area, making small moves down. Price did tried to breakout of the zone of with the #CPI news, eventually Rejected. Currently, nothing to do here about, until price decides to breakout of the major level or if price breaks below $29,600 then we've clean candles to move lower.
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Here is an analysis of #XRP:
Price gets a strong rejection from the resistance zone. The big wick above the resistance zone is showing liquidations and stop loss hunting. The local support zone is $0.479-$0.493 zone and if the price is unable to hold this then we see a dump toward the $0.42 level.
What Is a Cryptocurrency Whitepaper?
A #whitepaper summarizes, in a single document, the important information related to a #blockchain or cryptocurrency project. It’s a popular way of explaining how a certain project works and what problems it’s aiming to solve.
Generally, a whitepaper is a report or guide that informs its readers about a specific topic or issue. For example, developers can create a whitepaper about their #software to educate users on what they are building and why.
In the blockchain space, a whitepaper is a #document that helps outline the main features and technical specifications of a specific cryptocurrency or blockchain project. Although many whitepapers are focused on a coin or token, they can also be based on different types of #projects, such as a decentralized finance (#DeFi) platform or a play-to-earn game.
A whitepaper may provide an overview of essential #data in the form of #statistics and #diagrams. Also, a whitepaper could explain the #governing structure of the project, who’s working on it, and the current and #future development plans (i.e., their #roadmap).
Why Whitepaper's are important ?
Whitepapers are important for the crypto #ecosystem. Even though there are no standards for creating them, whitepapers have become a #framework for researching crypto projects. It's a general recommendation to start crypto #research by reading the project's whitepaper. Users can use whitepapers to identify potential red #flags or promising projects. In addition, they enable users to monitor if a project is sticking to its original plans and #goals.
Read Bitcoin Whitepaper and Ethereum Whitepaper
#ETH rejected from the structural resistance area as Daily candle didn't gave any closing that way. The reason why i emphasize on Candle Closing (Specially Daily). Currently, price is on a minor support and expected to reach strong support level $1825 - $1836.
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Binance Will Support the BNB Smart Chain (BEP20) Network Upgrade & Hard Fork
https://www.binance.com/en/support/announcement/9b7455b2427c4968ba678dcced80ceec
Here's the analysis of #FIL :
#FIL showing some positive and Bullish signs over the market. Price sustaining above the major support level and broke out of the downtrend resistance line. Currently, price flipped above the 4H zone around $5.90 - $5.97. Well, this might be a retest for the next push up. Expecting a push till $6.40 and higher.
#ETH respected the support zone and strongly rejected the area from the level. Price again reached the structural resistance around $1910 - $1920. Its seems like a breakout but there's a rejection wick to the left. So, waiting for the Daily candle to close above those high and then we can see continuation push till $1999 and $2020, which is the major resistance area.
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#TVK in #USDT pair also, did the same and easily achieved the 1st target. Price made a high of $0.0499, which is 25% in profits. I hope you secured some partials over there.
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Here is the analysis of #ICX:
Price is trading at the support zone and accumulation is happening. The small downtrend line is also broken which indicates bullish movement in the next few days. Good opportunity for long with proper risk management.
What is PoW (Proof of Work) ?
#Proof of Work (#PoW) is a consensus #mechanism used by many #blockchain networks to validate transactions and add new blocks to the #chain. In a PoW system, nodes on the #network compete to solve complex mathematical problems, with the first node to #solve the problem being rewarded with a block of #transactions that is added to the blockchain.
The process of solving the #mathematical problem requires significant #computational power, which is provided by the #nodes on the network. Nodes that participate in the PoW process are called #miners, and they use specialized hardware and software to perform the calculations necessary to #solve the problem.
Once a miner successfully solves the problem, they #broadcast the solution to the network, along with a list of valid transactions. Other nodes on the network then validate the solution and the transactions, and if everything is correct, the new #block is added to the blockchain.
PoW systems are designed to be #secure and resistant to attacks. However, PoW can be resource-intensive and require a significant amount of #energy to operate.
Some well-known #cryptocurrencies that use PoW include #Bitcoin, #Ethereum, and #Litecoin. These networks rely on PoW to maintain the integrity of the blockchain and ensure that transactions are processed in a secure and #decentralized manner.
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#ETH pulled down towards the top of the consolidation range and taking support over there. Well, not a rejection yet, waiting for the Daily candle to do it. In case price breaks below the zone, then a clean move down is expected till major support area ($1770) or bottom of the range around $1700.
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#ZIL did a break-below of the triangle pattern and retested the zone as resistance. Price rejected from there and expected to reach out the supporting uptrend line. Potential buys would be risky so better wait for the price to reject the level.
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Here's the analysis of #CHZ :
#CHZ bounced off from the strong support zone of $0.125 - $0.127 after being in a small consolidation. Currently, price is been pushing towards the strong resistance area around $0.144 - $0.147. Right now, any setup will be risky, so better wait for the reachout the zone for short.