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Here's the analysis of #MATIC :
#MATIC is been in a uptrend with the market inside the uptrend channel pattern. Price is nearly going to tap the major resistance zone around $0.930 - $0.951. Trend is heavily bullish Right now and buys gonna be the #FOMO entry. So wait for the opportunity once price tapped the major resistance and short-sells only with confirmation.
#DUSK/BTC BUY/LONG CALL
Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.
Targets: 579-685-785-950 satoshi
Stop if 1D close below 472 satoshi
It’s time to make money on the Binance Futures and spot.
We will announce the next best TA/FA based call after 1 hour.
Stay tuned.
#ANKR moved along with the market and made a new high higher breaking structural resistance. Price is expected to reach the strong resistance zone around $0.0237 - $0.0241. Wait for the opportunity, and look for entries over the level.
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The next official Kucoin Mega Bull Call Reloaded for :
- Date: Sunday, January 22nd
- Time: 16:00 GMT
- Exchange: Kucoin.com
- Pair: USDT
Since the beginning of the year, BTC has been showing great strength. The rapid decline in BTC dominance suggests that altcoins will experience larger gains as they have broken their strong resistance zones and cleared their downward liquidity. Therefore, this is the perfect time for our upcoming Kucoin Mega Bull Call! Active traders all across the world are taking note and will be prepared to participate in our next Mega Bull Call this Sunday.
For the upcoming call, we can improve on a few things after reviewing prior ones. This gives us a lot of hope that we will outperform all of our prior calls in terms of volume and generate significantly bigger percentage gains. We have wider reach than ever before thanks to a large number of Discord and Telegram groups! We'll choose a more realistic goal of 600-1000%. To give members the greatest opportunity for financial success, we strive to always achieve our goals, and we will do so. No pre-buying or pre-pumping will ensure our peaks are really high with no resistance.
We are one of the most successful groups of all time but there is still so much more profit to be made. Dont miss out as we begin the next chapter of massive gains. We'll see you all on Sunday at 16:00 GMT.
Stay tuned | Happy trading 😊
This is the graph of Funding Rates, which is showing some up-move here. The Rates are positive, so market may take pullback anytime sooner.
Funding rates refer to the Periodic payments to traders that are long or short based on the difference between perpetual contract markets and spot prices.
You Can read our Short-Note on Funding Rates Here.
#Bitcoin gave a breakout of the resistance zone and tapped inside the major resistance zone around $$18,100 - $18,850. Now, it a decisional point, if price also breaks this level or started consolidation range here. Alternatively, a rejection will lead a massive correction in the market.
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#ZIL given a close below Candle on the 4H TF and on daily TF, it looks a heavy rejection from the resistance. Expecting a deeper pullback now, back till support zone around $0.02013 - $0.02049. Keep and eye on it and risk accordingly.
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Number of Active Addresses in #Bitcoin. It represents the number of unique addresses that were active in the network either as a sender or receiver. Only addresses that were active in successful transactions are counted.
The graph looks like accumulating since July 2021 till now, where market is been majorly on a downtrend. This shows strong accumulation over the market, irrespective of the market conditions.
Here's the analysis of #ZIL :
#ZIL just nearly did 80% jump from the low made as the #Bitcoin performed a bit. Price took a support and strongly bounced from the zone around $0.02348 - $0.02410. Right now, #ZIL is very volatile, entering would be not a good choice as of now. Wait for a clear setup to form.
What Is Layer 0 in Blockchain?
Layer 0 protocols are essentially the infrastructure upon which Layer 1 blockchains can be built. As a foundational layer to blockchain networks and applications, Layer 0 protocols are among many solutions aiming to fix the challenges the industry faces, such as scalability and interoperability.
A blockchain ecosystem can be classified according to the following layers:
Layer 0: The underlying infrastructure upon which multiple Layer 1 blockchains can be built.
Layer 1: Base blockchains used by developers to build applications, such as decentralized applications (DApps).
Layer 2: Scaling solutions that handle activities off Layer 1 blockchains to ease their transactional loads.
Layer 3: Blockchain-based application layer, including games, wallets, and other DApps.
What Problems Can Layer 0 Solve?
> Interoperability
Interoperability refers to the ability of blockchain networks to communicate with one another. This property enables a more tightly interwoven network of blockchain-enabled products and services, which in turn offers a better user experience.
> Scalability
A monolithic blockchain such as Ethereum is often congested because a single Layer 1 protocol is providing all the critical functions, such as transaction execution, consensus, and data availability. This creates a bottleneck for scaling that Layer 0 can alleviate by delegating these critical functions to different blockchains.
> Developer flexibility
To encourage developers to build on them, Layer 0 protocols often provide easy-to-use software development kits (SDKs) and a seamless interface to ensure developers can easily launch their own purpose-specific blockchains.
Here's the analysis of #TWT :
#TWT bounced from the major support zone of $1.22 - $1.28. Currently, price retesting back to the resistance zone around $1.47 - $1.50. No entries until a rejection happens and in case of breakout, you can look for potential buys at the retest.
#LINK perfectly goes for the guys, and break through the next resistance zone of $6.021 - $0.6079. Our trade running in around 7.2% profits. Recommend to secure some major partials here and hodl rest with breakeven.
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Here's the analysis of #CHR :
#CHR trading in the consolidation range between the structural support around $0.1029 - $0.1053 and strong resistance around $0.1227 - $0.1249. Currently, price is on the verge to retest back to resistance, so not looking for any of short-sell and in-between buys are possible. Wait for the retest back to the range (grey box).
#POLS/BTC BUY/LONG CALL
Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.
Targets: 2401-2750-3000-3300 satoshi
Stop if 1D close below 1993 satoshi
#DUSK/USDT BUY/LONG CALL
Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀
Targets: $0.1114 - 0.1358 - 0.1651 -0.1985
Stop if 1D close below $0.0835
DUSK Futures LONG
Entry : current price
Leverage : 10x | Targets : 50%-100%
#Bitcoin is in the process of retesting the estimated average cost of production price for #Miners.
This model uses a log-log regression analysis to relate Diffculty to Market Cap.
Breaking above this level like offers much needed relief to #miner incomes.
#Bitcoin still showing some big moves and trying to break above the major resistance zone. Currently, price gave a close above candle in 4H TF and might take a retracement too. A daily candle closing will open the gates for $20,000 mark and above resistance around $21,300.
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Here's the analysis of #ANKR :
#ANKR sharply rejected from the strong resistance zone $0.0211 - $0.0212. Price build a support around $0.0189 - $0.0190. Market is kinda bullish now but buy doesn't look good and short-sell will high probable below $0.0189.
#TWT didn't able to give a close candle over the resistance zone, despite of the #BTC pumped. #TWT looks weaken and short-sell might come. A good point will be the break of the trendline, and the targets will be major support 🔹
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Here's the analysis of #MANA :
#MANA heavily pushed higher towards the major resistance level around $0.419 - $0.437. Price took a rejection and dropping back to the major support zone around $0.357 - $0.375. This is the strong ranges for price, so wait for the breakout either side and short-term buys possible from the major support.
https://www.binance.com/en/support/announcement/1bd7ea323da64269bf383288e6900ff9
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#Bitcoin didn't took deeper pullback but printed a new Higher High as market is running healthy. Around $17,500 is the tiny rejection area, and a breakout will open the gates for $18,000 and higher. So, keep an eye on #BTC 👀
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#TWT did gave a close above candle but looks like ended up being a fakeout now. Market moving healthy now, so possible buys might come. A candle closing again above the zone, will be the potential entry, so risk accordingly.
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#Bitcoin reached the resistance zone as expected and rejected from the mentioned area as well. Now, a deep pullback is expected back to $17,000 mark as hourly structure is bullish. Overall, market will remain bullish and healthy above $17,000 support.
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What Proof of Reserves (PoR) ?
Proof of Reserves (#PoR) refers to the assets that a cryptocurrency exchange holds in custody for its users. #PoR functions as proof that the exchange maintains enough funds to cover users' assets at a 1:1 ratio.
With the #PoR system, the exchange's reserves are expected to hold in custody the total amount deposited by its users (or more). If this criterion is satisfied, the exchange can be said to be "fully backed." However, it's important to note that the exchange can't substitute one asset with another. For example, when a user deposits 1 bitcoin, the exchange has to increase its reserves for at least 1 bitcoin, not some other cryptocurrency. Neither can it use its corporate holdings to showcase correct numbers.
The goal of #PoR is to bring more transparency, safety, and user protection to the cryptocurrency ecosystem. A #PoR review verifies the inclusion of all user's balances using cryptography. One way to ensure the correct #PoR verification is using Merkle trees and zk-SNARKs. Exchanges can also use third-party services to showcase that their #PoR is not manipulated.
#PoR stops exchanges from exploring ways to get returns from user assets. For example, #PoR prevents exchanges from loaning deposited assets or using deposits for investing.
With #PoR, any entity can prove that a crypto exchange holds the entirety of its users' deposits. Therefore, exchanges are naturally encouraged not to mishandle these balances as it would break user trust in them and affect their continuity.
As the Monday market open, #Bitcoin gave a strong breakout over the strong resistance zone, which was expected. Right now, price moving sharply as candles are clean looking left. The next resistance is around $17,350 to $17,500
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#POLS/USDT BUY/LONG CALL
Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀
Targets: $0.406-0.515-0.645-0.755
Stop if 1D close below $0.334
Market is looking for a short term reversal.
We will share spot entries shortly