CRYPTO RHINO🦏

FIO/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊 Targets: $0.0542-0.0675-0.0875-0.1015 SL: $0.0421

FIO/BTC FIO Protocol (FIO) is a blockchain protocol that aims to enable a better way of sending/receiving coins and tokens. 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: 251-298-345-400 satoshi

FIDA USDT pair made a high of $0.6320, that is more than 35% profit from our entry. Keep booking profit and increase stop loss. Keep Earning 😊

FIDA pumped to 2928, second target achieved. That is more than 34% profit from our entry. Hoping you booked some profit. Keep Earning 😊

Educational Post: What Is Tokenomics and Why Does It Matter? Tokenomics is a term that captures a token’s economics. It describes the factors that impact a token’s use and value, including but not limited to the token’s creation and distribution, supply and demand, incentive mechanisms, and token burn schedules. For crypto projects, well-designed tokenomics is critical to success. Assessing a project’s tokenomics before deciding to participate is essential for investors and stakeholders. Let’s look at bitcoin as an example. The total supply of bitcoin is pre-programmed to be 21 million coins. The way bitcoins are created and entered into circulation is by mining. Miners are given some bitcoins as a reward when a block is mined every 10 minutes or so.  The reward, also called block subsidy, is halved every 210,000 blocks. By this schedule, a halving takes place every four years. Since January 3, 2009, when the first block, or the genesis block, was created on the Bitcoin network, the block subsidy has been halved three times from 50 BTC to 25 BTC, 12.5 BTC, and 6.25 BTC currently. Based on these rules, it’s easy to calculate that around 328,500 bitcoins will be mined in 2022 by dividing the total number of minutes of the year by 10 (because a block is mined every 10 minutes) and then multiplying by 6.25 (because each block gives out 6.25 BTC as rewards). Therefore, the number of bitcoins mined each year can be predicted, and the last bitcoin is expected to be mined around the year 2140. Key elements of Tokenomics As a catch-all term for a wide range of factors influencing a cryptocurrency’s value, “tokenomics” refers first and foremost to the structure of a cryptocurrency’s economy as designed by its creators. Here are some of the most important factors to consider when looking at a cryptocurrency’s tokenomics.  Token supply Supply and demand are the primary factors impacting the price of any good or service. The same goes for crypto. There are several critical metrics measuring a token’s supply.  Token Utility Token utility refers to the use cases designed for a token. For example, BNB’s utility includes powering the BNB Chain, paying transaction fees and enjoying trading fee discounts on the BNB Chain, and serving as community utility token on the BNB Chain ecosystem. Users can also stake BNB with various products within the ecosystem to earn additional income. Analysing token distribution  Aside from supply and demand, it’s essential to look at how tokens are distributed. Large institutions and individual investors behave differently. Knowing what types of entities hold a token will give you insight into how they are likely to trade their tokens, which will in turn impact the token’s value.  Tokenomics is a fundamental concept to understand if you want to get into crypto. It’s a term capturing the major factors affecting the value of a token. It’s important to note that no single factor provides a magical key. Your assessment should be based on as many factors as possible and analyzed as a whole. Tokenomics can be combined with other fundamental analysis tools to make an informed judgment on a project’s future prospects and its token’s price.

MATIC is now again moving towards the resistance of the $0.92 area. We will see a move towards a $1.00-$1.05 major resistance level this time. Increase your stop loss to near the $0.85 level and hold the long position. If MATIC closes the daily candle above $1.05 then we see a good upward rally.

Bitcoin is testing the resistance of the $21,750-$21,900 area. If BTC is able to break above this then we see a good upward move in the market. If BTC is rejected from here then we may see a test of the $20,500-$20,600 support area.

NEAR analysis: NEAR flipped the $4.50-$4.65 area into support and we may see a test of this zone before the next move. You can add some NEAR in this zone with tight stop loss. The next resistance is the $5.10-$5.20 area and the major resistance is the $6.00 area.

BCH broke the symmetric triangle as said moved towards the $135 resistance area. If BCH is able to break the $135 resistance then we see a move towards the $148-$150 area. The support is now $126-$127 area and BCH need to hold above it.

Educational Post: What Are Soulbound Tokens (SBT)? Soulbound Tokens (SBT) is a concept proposed in May 2022 by Ethereum cofounder Vitalik Buterin, lawyer Puja Ohlhaver, and E. Glen Weyl, an economist and social technologist. Soulbound Tokens (SBTs) are digital identity tokens that represent the traits, features, and achievements that make up a person or entity. SBTs are issued by “Souls,” which represent blockchain accounts or wallets, and cannot be transferred.  Soulbound tokens (SBTs) are non-transferable tokens representing a person’s identity using blockchain technology. This could include medical records, work history, and any type of information that makes up a person or entity. The wallets that hold or issue these records are called “Souls.” People could have multiple wallets (or Souls) representing different parts of their lives. For example, someone could have a “Credentials Soul” for their work history and a “Medical Soul” for their health records. Souls and SBTs would allow people to build a verifiable, digital Web3 reputation based on their past actions and experiences. On the other hand, Souls can represent an entity that allocates SBTs. For example, companies can be Souls, issuing SBTs to each employee. A digital country club could issue SBTs to verify membership status.

Bitcoin is able to break the resistance level and now trading above it. The next resistance is the $21,750-$21,900 area a break above this will move the market towards the $24,000 level. The support is $20,500-$20,600 area and we may see a test of this if BTC is rejected from the resistance.

TRX analysis: TRX is now testing the resistance line and a break above this resistance line will provide some positive movement. The resistance is the $0.06360-$0.0640 area and after the breakout of this, we may see a bounce towards the $0.071 level. The good support is $0.060-$0.0608 area. Wait for a break above the resistance area for new entries.

Just-In: Is This A Crypto Market Recovery? Here’s Why There’s More To It https://bit.ly/3De9v94

Introducing the New Binance Options Trading Platform: Extend Your Crypto Trading Strategy with Crypto Options https://www.binance.com/en/support/announcement/f856e4e4f57844ad988223ccdfd6ab4d

Bitcoin is now trading above the $20,000 level and this will give some strength to the market. We may see more upward movement in the market on weekend. Be prepared for the Kucoin Ultra Bull Call, we will see a big move today.

Breaking: U.S. Could Soon Ban Or Limit Proof Of Work Based Crypto Mining https://bit.ly/3KYiH3k

GALA analysis: GALA is trading in a downtrend channel on the hourly chart and the key level to flip at the higher time is the $0.04907-$0.0507 area. Wait for a break above this level for new long positions. If GALA is rejected from the resistance then we see more downward movement.

BCH analysis: BCH is taking support at $110.6-$113.1 area. There is a downtrend line and descending triangle The resistance is around the $125 area and if BCH breaks above this then we see a move towards $135. The next support is the $95-$97 area if BCH broke below the $110 level.

Bitcoin is holding the support of an $18,000 area and trading above it. Still, the market is uncertain, and no clear sign. If BTC is able to go above the $20,000 level then we see some strength in the market.

SOL analysis: SOL is holding above the support of $30.10-$30.50 area and bounced from there. We will see a bounce towards the resistance of $33.80-$34.10 area. If you opened a long position then use a stop loss below $30.

MATIC rejected from the resistance of $0.92 area. If it goes towards the support area then you can add some MATIC there. The resistance level remains the same.

Bitcoin broke the triangle in the downward direction. This is not a good sign, a daily candle close below $18,000 is bearish. Wait for 1-2 days for confirmations. Keep tight stop loss in all trades.

COTI analysis: COTI broke the symmetric triangle in a downward direction. This is a clear red flag for long positions. You can open short positions here with tight stop loss. The next support is the $0.0882-$0.0887 area and we may see a test of this support area. The downward movement is expected for this week.

BNB broke the falling wedge pattern and also retested it. BNB is now again testing the support level and we may see a bounce from here. You can build a long position at the support area with tight stop loss.

The market is moving too slowly and there is no clear direction yet. We are waiting for a clear move on either side. Volume is low and a big move is coming soon. Use stop loss in all trades.

Wallet Suspension for Ether (ETH) and Wrapped Ether (WETH) on Multiple Networks - 2022-09-05 https://www.binance.com/en/support/announcement/1d6e13b7191d46a18663c007c4409b03

SAND analysis: SAND is forming a small downtrend channel on the 4-hour chart. The resistance is the $0.96-$1.00 area and a break above $1.00 will start a new rally. The local support is $0.90 area and the next support is $0.80-$0.82 area. Wait for a break of the downtrend channel for new trades.

TRU/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊 Targets: $0.0720-0.0850-0.0975-0.1125 SL: $0.0592

TRU/BTC TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers. 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: 363-425-545-675 satoshi

Breaking: FTX To Suspend LUNC, USTC Deposits And Withdrawals, Delist ANC https://bit.ly/3TJxuD2

Educational Post: The Merge Ethereum Upgrade: All You Need To Know Since its launch in 2015, Ethereum has established its place in the blockchain industry as a popular decentralized computing platform, allowing thousands of projects to be created on its blockchain. While it remains one of the most relevant blockchains, Ethereum’s current infrastructure can't scale its operations in a way that can attend to growing global demand. In order to combat the lack of scalability, the Ethereum team proposed a set of upgrades that would lead to an evolved Ethereum blockchain. These upgrades are the Beacon Chain, The Merge, The Surge, The Verge, The Purge, and The Splurge. Why is Ethereum upgrading? Blockchains are usually designed with a core principle of decentralization instead of relying on a central authority. The benefits of decentralized blockchains include being permissionless, trustless, and more secure by being resistant to single points of failure.  As blockchains grow more popular, platforms must ensure that they can match the global need for transaction processing speeds, also known as scalability demands. Failure to do so can result in congestion of the network, when blockchain capacity is overwhelmed by the number of pending transactions. Often, this leads to higher transaction fees.  However, achieving security and scalability can get tricky if blockchains want to preserve their decentralized nature. This problem is explained by the concept of the scalability trilemma as proposed by Vitalik Buterin. The Blockchain Trilemma describes the challenge of balancing three important properties – scalability, security, and decentralization. The Beacon Chain Previously known as Phase 0, the Beacon Chain marks the first upgrade in the series of major Ethereum upgrades. It was launched on December 1, 2020, and introduced Proof of Stake to the Ethereum ecosystem. Users can interact with the Beacon Chain in two ways: staking ETH or running a consensus client to secure the network. It currently runs in parallel to the Ethereum mainnet. The Merge The Merge is Ethereum’s next serious step to tackling scalability issues. Simply put, it integrates the two existing independent chains in the Ethereum ecosystem: the execution layer and the consensus layer (Beacon Chain).  The Ethereum mainnet is expected to merge into the Proof of Stake system coordinated by the Beacon Chain in September 2022. After The Merge, the ecosystem will only use a Proof of Stake mechanism to secure its network. What’s beyond The Merge? While there is no official announcement about the other Ethereum upgrades, The Surge, The Verge, The Purge, and The Splurge, Sharding is definitely in the works and scheduled to take place sometime in 2023 after The Merge. Sharding Ethereum will be increasing scalability with the help of sharding to increase throughput, likely reducing transaction costs and time. Sharding introduces shard chains, which are similar to regular blockchains – except they each contain only a portion of the blockchain data. Thanks to the specific subset of data provided by shard chains, nodes can verify transactions more efficiently. The Merge’s impact on ETH As one of the most prominent second-generation blockchain projects, Ethereum launched with an initial supply of 72 million ether (ETH). Under its original PoW model, a large percentage of this token supply is used to incentivize miners to secure the network. Upon the shift to PoS, mining rewards will no longer be given out. As a result, there will be a net reduction in annual ETH issuance of approximately 90%. If the law of supply and demand plays out, this could possibly lead to a rise in the price of ETH. However, financial markets are unpredictable and volatile, and there are many other factors in play.

Bitcoin is able to hold the support line and back in the triangle. We may see some movement in the market today when the US market opens. Wait for a clear breakout on either side for new trades.

Educational Post: What is OCO order? An OCO, or “One Cancels the Other” order allows you to place two orders at the same time. It combines a limit order, with a stop-limit order, but only one of the two can be executed. In other words, as soon as one of the orders get partially or fully filled, the remaining one will be canceled automatically. Note that manually canceling one of the orders will also cancel the other one. The OCO feature is a simple but powerful tool, which allows you and other Binance users to trade in a more secure and versatile way. This special type of order can be useful for locking profits, limiting risks, and even for entering and exiting positions. Important terms in OCO order. Limit order Price: The price of your limit order. This order will be visible on the order book. Stop-Limit Stop: The price at which your stop-limit order will be triggered (e.g., $300). Limit: The actual price of your limit order after the stop is triggered (e.g., $290). Amount: The size of your order (e.g., 5 BNB). Total: The total value of your order (total cost).

UNI bounce from the support arra ss mentioned. Price made a high of $6.70, which is 11.8% in profits. Also, price taps out the resistance around $6.61, which is our take-profit level. Hodl this trade with breakeven stoploss.

Bitcoin now trying to break to the downside of the triangle and this can be also a fakeout as price already moving inside the major support level. So this can be false build-up and Monday market open will clear out the direction.

ATOM analysis: ATOM is trading in an uptrend channel and we will see a test of the resistance line which is near the $13.70 level. The local support is $11.20-$11.30 area and major support is $9.80-$10.20 area. Wait for a test of the support area for new long positions or break of resistance level.

BNB did preformed the same. Price gave a breakout to the downside and also given a cnadle closure in 4H TF. Also, price forming a triangle pattern a large falling wedge pattern, in which breakout is pending. Giving push to the downside will look for short-sell opportunity.

Bitcoin gave a fakeout above the falling wedge and goes back below the trendline. Still, there is not much movement in the market. We may see some move from Monday when global markets open.

CHR analysis: CHR is ranging between the support and resistance level. The support is $0.151-$0.161 area and the resistance is $0.196-$0.199 area. You can trade in this range with proper stop loss.

MATIC broke the resistance level and as the expected price is moving in an upward direction. Increase your stop loss and hold this trade. MATIC will face some resistance near the $0.91-$0.92 area.