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01 📣 DeFi DAO introduces permissionless listings with AI enhancement
Ooki, a decentralized finance DAO, innovates by combining artificial intelligence and permissionless listings. The decentralized finance (DeFi) space is crowded with thousands of tokens with varying use cases, while coins with new utilities emerge occasionally. While enriching the DeFi ecosystem with diverse investment options, this proliferation of tokens also introduces a significant challenge for users. | 52 | 0 | Loading... |
02 💰Morgan Creek Capital's CEO predicts baby boomers will invest $300bn in cryptocurrencies within a year due to Bitcoin ETFs, potentially raising the market cap to $6tn. | 72 | 0 | Loading... |
03 Gentlemen, I want to tell you a little bit about a project like #SEI
Sei Network is an open-source Level 1 (L1) blockchain that is built on the Cosmos technology stack. The network is focused on decentralized exchange trading.
I think it is clear to everyone that the project's fundamentals are on top, so let's move on to analyzing the chart - after setting a global high at $1.1450, the asset started a prolonged corrective movement, taking place within the descending wedge.
At the moment the price has come to a rather strong resistance zone at 0.6500-0.5780$, there is also the upper boundary of the wedge, which puts additional pressure on the asset. Taking into account all the above mentioned factors, I don't think that the price will manage to break the downtrend in the nearest future. Most likely it will be brought down to the lower boundary of the descending wedge, where it can get a reaction from the support zone (0.4849-0.4382$) and start to grow.
Summarizing I would like to say the following - due to its fundamental the coin on the distance is an extremely promising asset, which very soon can be picked up at good discounts. Personally, I will do so! | 81 | 0 | Loading... |
04 📣 AI-powered DeFi platform secures $10M investment with upcoming DAO
NFA Labs recently partnered with Quantix Capital, receiving a $10 million capital commitment to be used to grow the ecosystem. The latest rally in crypto has not gone by without bad actors intensifying their illicit efforts. The first two months of 2024 witnessed a 15.4% increase in stolen funds, with more than $200 million lost to hacks and rug pulls, while decentralized finance (DeFi) remains the biggest target for culprits. | 85 | 0 | Loading... |
05 #OP
The price went perfectly along the arrow I drew. The signal to sell was given at the mark of 2.800$, it is important to gain courage and more closely follow the posts, where I advised to open a short position, and everyone could fix from 20 to 33% of the net movement!
The asset tested my previously outlined bullish zone of interest at $1.927-1.611, removing the level with an ineffective price formation at $1.861, after the bulls instantly bought back the coin and fixed the price above the strong support zone at $2.305-2.136, which we may soon break through and go even lower.
Due to such a deep correction, a beautiful upward channel was formed on the chart, which indicates a global buyer's interest. As I said before:
The #OP should be viewed with optimism, so it would be a mistake to exclude the option of growth from the current marks.
Unfortunately, slowly fading volumes indicate a possible continuation of the fall, but in fact it is not so terrible.In case of a breakdown of the lower boundary of the ascending channel and the formation of oversold on RSI I plan to buy back the asset. | 93 | 0 | Loading... |
06 Perfect workout of the #BTC💰
The movement of the asset is exactly as it was described in the presented scenario - the growth up to the main support zone ($67534), as I assumed, did not cause any difficulties, but its overcoming turned out to be not a strong task for the price.
At the moment BTC is already approaching the nearest support zone at 62988$ from which it is quite possible to see a reaction and the beginning of growth. Only liquidity located at the local lows of the asset is confusing. The wicks left by the price after the recent correction are too big and need overlapping.
Taking into account the growing volumes of for sale, and the obvious pressure of sellers, the main inclination now is to continue the local decline. In case of support breakdown we will have to consider lower targets ~ $60800-59800 as targets.
With the current situation on the market, we do not consider longs, it can be dangerous. Nevertheless, very soon the market may give us new favorable levels to set positions | 96 | 0 | Loading... |
07 💰 Polygon leads in EVM efficiency as DeFi users favor low transaction costs
Layer-1 blockchains are foundational networks supporting various applications directly on their protocol, while Layer-2 blockchains operate atop these foundational layers, enhancing scalability and efficiency. Comparing the usage and efficiency of EVM-compatible L1 and L2 blockchains and side chains helps us better understand the market values and where most of the DeFi activity comes from. | 97 | 0 | Loading... |
08 💡💡💡: 🇺🇸 FBI warns Americans against using non-KYC #Bitcoin and crypto money transmitting services. | 104 | 0 | Loading... |
09 #BAKE
Let me start by saying that BAKE is an incredibly technical asset. Since the beginning of March, we have been moving in a descending trading channel, where we tested the global support zone around 0.3700-0.3386$. This range was later broken and is now acting as a global resistance level.
After the spills, there was a test of the global support level around ~0.2100$, from which there was an immediate reaction. I would like to note that after the stabbing of this level we have been getting significant upside spurts throughout history.
In the near future I expect continuation ofgrowth and formation of an ascending channel. The first target for us will be the value of 0.3800$, on the way to it the price will have to overcome a rather strong resistance zone at 0.3700-0.3386$. The main target is to update the local maximum of the asset, namely 0.5461$. Right in front of it there is an area of increased volume near $0.4517$, which will act as a significant obstacle. In case we break through this area, we will reach the main target very, very quickly. | 127 | 0 | Loading... |
10 👀Buy Bitcoin sign shown behind Janet Yellen at a congressional testimony in 2017 sells for $1 Million at auction. | 129 | 0 | Loading... |
11 💡💡💡: Tesla $TSLA reveals none of their $711,050,000 worth of 🥇 Bitcoin was sold in Q1 2024. | 143 | 0 | Loading... |
12 #WEN
Let me say right away that this is a memcoin created by Jupiter funder. While jupiter is really one of the savvy projects on the SOL blockchain. #Wen has good activity on twitter
+ a lot of big influencers are promoting it in every possible way - agree, this is more than enough for the growth of meme coin, but I also recommend you to consider what the chart is saying...
Moving on to the technical part, I would like to note at once that when analyzing this asset, it is best to resort to wave analysis.
A true wise man should be able to use all the tools that will allow him to profit from the market.
From the moment of listing, the asset moved in a 5-wave impulse upward, after which the ABC correction began. It ended at $0.000162, which coincides with the location of the main support zone. At the moment we should expect the beginning of a new impulse upward to the targets which we would like to emphasize in the zone with liquidity(0.000452-0.000406$) and the global maximum of 0.000565$.
In addition to the waves, clear gaps in the profile volumes are indicative of potential growth. The only hard-to-pass zone is located at $0.000277-0.000255 - after its breakdown all doubts about the buyer's strength will completely disappear. | 151 | 0 | Loading... |
13 Let's continue the day by talking about our favorite #SOL 💰
The global growth prospects for the coin are truly limitless. Many tokens created in this network are already showing tremendous growth, and Solana itself has soared over 2000% in just 6 months.
A look at the chart shows that the coin has been moving in an "Upward Expanding Wedge" for a long time. About a couple of weeks ago the price tested its lower boundary, after which it got a reaction and rebounded. At the moment, a slow but sure upward movement is underway. Given the current state of Bitcoin, the most logical option would be to grow to the upper boundary of the wedge, followed by a correction.
Let's look technically:
The nearest support zone is located at $126-116, just outside the lower boundary of the wedge. In case the selling volume starts to increase and there is a clear bearish pressure, it will be the main barrier protecting the price from a deeper correction. Even if the seller manages to break above the marked zone, the increased profile volumes at $97.78 will definitely contribute to the recovery of the asset. I think there is no more question on the lower zones, let's move to the potential upside targets. At the values of 210-193$ there is the 1st zone, which can prevent the price from updating its global maximum(259$). In general, the asset will be able to reach this zone without much trouble, which is ~30% of net movement. | 145 | 0 | Loading... |
14 The SEC has reportedly delayed the Franklin 🔵 Ethereum spot ETF, while Standard Chartered doubts a May approval.
However, the bank remains optimistic, expecting BTC to reach $150k and ETH to hit $8k by year-end, suggesting negative news is already priced in. | 129 | 0 | Loading... |
15 🔹#ETH is successfully rehabilitated!
As I suggested in the last review, the support zone at 2993-2906$ did not allow the price to correct too much. After several attempts to break down the asset started to buy back quite aggressively - one of the strongest resistance levels at 3204$ was broken, which is definitely a bullish signal! The buyer is returning to the asset and it can't but be happy.
At the moment the price is separated from liquidity gathering from the 1st local high(3730$) by only ONE resistance level at 3419$. We need to watch carefully the reaction from it, because
in case of a breakdown there are excellent opportunities for opening long positions. | 147 | 0 | Loading... |
16 🥇 Bitcoin transaction fees reached all-time-high
“Exceeding US$128 on average, on-chain movement fees reached the highest value in their history.” | 147 | 0 | Loading... |
17 #ARB
Sage is pleased with your activity and choices in the poll - a great opportunity to break down a potentially strong asset that I think will show phenomenal growth yet.
Globally, Arbitrum is moving in a strong upward channel. Unfortunately, the spring was not the best for the coin... From the winter high, the asset lost more than 60% of its value, thus returning to the zone of annual accumulation.
The coin was saved from a deeper correction by a strong support zone at 0.9920-0.9077$, after the price was quickly bought back. At the moment there was a consolidation above the level with increased volumes which in turn speaks about the strength of the buyer. The hardest task will be to overcome the resistance zone at 1.3976-1.2585$, but I think this token will be able to do it!
In the current situation ARB looks extremely promising. The goal for the near future is to renew the maximum of 2.4080$. In general, it is already possible to start buying this instrument. The entry is best divided into several parts. Here is the formula for a successful trade: 3% market + 3% 0.9500$. | 163 | 0 | Loading... |
18 📁 Central banks are STOCKING UP on gold:
Since 2022, 🇨🇳 China has bought a record ~290 tonnes of gold. Last year alone, China acquired more than 225 tonnes of the metal. | 146 | 0 | Loading... |
19 Just two days and 130 blocks after Bitcoin’s halving, miners have already earned 1,675 BTC, valued at $109 million. Impressively, 75% of this, equivalent to 1,262 BTC worth $82 million, came from transaction fees.
This amount significantly surpasses the 1,349 BTC collected in fees from April 1 to April 19, illustrating a sharp increase in miner revenue from transaction fees in a remarkably short period. | 150 | 0 | Loading... |
20 Gentlemen, the long-awaited halving of #BTC💰 has taken place!
The reward for the block decreased from 6.25 BTC to 3.125 BTC.
The news is definitely good, but it's worth remembering that it's definitely not worth hoping for growth and the start of a bull market from the current levels. Keep in mind that after halving, as a rule, there is a spill with subsequent exhausting accumulation. - I warned you about this already, you can re-read this post.
From a technical point of view, it's not that bad. The extreme plums were almost instantly bought back, giving no hope for a deeper correction. This indicates the presence of a strong buyer on the chart.
At the moment the price has risen and consolidated above the key resistance/support zone($62988). A global parallel channel has been formed in which the price is moving. I think that the probability of growth before the ATH update at 73777$ is huge, at least there is no sense for the market-maker to start correction from the current level, because when reaching the mark of 72k$ the short positions for4mln$ will be liquidated !
To summarize, I would like to say that the most wise and logical option is the growth up to 73-75k$ - there will be a cascade of liquidations, after which it will be possible to make a takeout in the other direction. | 162 | 0 | Loading... |
21 📊The security and decentralization of the Bitcoin network has improved markedly since 2020.
The US leads with 40% of global hashrate, followed by China and Russia with 15% and 12%.
The network's resilience to attacks has also increased, while requiring 5 times more computing power. | 170 | 0 | Loading... |
22 #BTC💰
Miners are saving up for now. The total balance of BTC miners has increased by 12,100 BTC since the beginning of the year and amounts to 217,000 BTC.
The arrows on the chart show the behavior of miners (accumulation/distribution) after previous halwings.
We are waiting for the halving. | 177 | 0 | Loading... |
23 🎉 Welcome to a Post-Halving World 🥇
The much-anticipated fourth Bitcoin halving is now a part of history, and here's what it has brought us:
At block 840,000, the miner's reward was successfully halved from 6.25 to 3.125 BTC per block. This historic block was mined at 02:09 Central European Time, boasts a size of 2.33 megabytes, and contains approximately 3063 transactions.
The outcome?
The daily production of new Bitcoins is now halved to 450 BTC, and Bitcoin's inflation rate has dropped from 1.8% to just 0.85%.
In comparison, the stock of gold, Bitcoin's physical counterpart, grows by an estimated 1.6% annually, with a steady trend.
Bitcoin has thus reached a new milestone and is officially scarcer than gold.
After the halving, comes the anticipation of the next.
The forthcoming fifth halving is scheduled for the year 2028 at block 1,050,000, which will further reduce the block reward to 1.5625 BTC. | 183 | 0 | Loading... |
24 Gentlemen, here is a review of Ripple - #XRP💰
Let's start with the chart analysis, where we can see that the price movement is in a descending channel. The asset has already updated its local minimum, having tested the mark of $0.4185 , after which, as on a lot of altcoins, an immediate buyback was received, which left behind a long liquidity wick.
We would like to see a decline soon, at least to the 0.5 level($0.4477) of this very wick. If after that we don't get a buyback, the fall may continue up to the test of the lower boundary of the channel, and this is a very deep correction!
- A wise man should always calculate all variants of movement, so we do not exclude the growth and in case of breakdown and fixing above the main resistance level (0.5293$) we will think about the beginning of buying the asset.
In general, I do not really like what is happening on the market. There is clearly some tension. | 192 | 0 | Loading... |
25 What a great looking #TWT🔹
Oh what an uptrend this asset has - straight up very powerful. So many good reactions from it. So, maybe this time too will not be an exception.
If to buy now on the spot, I would recommend to do it on a small volume, and leave the main part for buying at 0.7104$ - I would like to see the removal of stops and synchronization with bitcoin.
From this level we will definitely get an initial reaction upwards, but in the medium term we are interested in the level of 1.88$ - it is to this levelI advise to aim for, so as not to overestimate the targets.... | 172 | 0 | Loading... |
26 🥇 “Bitcoin Halving" search query on Google set a new ATH, which is nearly 30% higher compared to the data from 2020 🚀 | 190 | 0 | Loading... |
27 💰#BTC
Whales continue to accumulate BTC.
Since March 1:
1000 - 10,000 BTC wallets balance increased by 80544 coins
balance of wallets 100 - 1000 BTC increased by 43489 coins
balance of wallets 10 000 - 100 000 BTC increased by 91732 coins.
They know what they are doing. | 217 | 0 | Loading... |
28 Today I want to dive deeper into the topic of DEX exchanges and local prospects #DYDX
We continue to select altcoins both for our spot portfolio and for medium-term trading; Today we are up for analysis of the token of a unique decentralized exchange - #DYDX.
This asset looks most interesting in the perspective of several months: the recently started upward trend on higher timeframes, large funds Paradigm and Polychain as investors, as well as the Andreessen Horowitz fund already familiar to us from #APT. Speaking of uniqueness: dYdX is the first DEX to gain popularity that does not operate on a liquidity pool system like the popular #UNI or #SUSHI, but through an order book similar to traditional exchanges. In addition, on #DYDX you can trade futures “with leverage”, which, coupled with a simple and familiar device, greatly simplifies the attraction of new users: dYdX confidently outperforms Uniswap in daily volumes.
I haven’t seen good conditions for a medium-term long position yet, and shorting in a bull market is obviously a drain on the deposit. The asset, as I had previously assumed, showed a local decline to the 2nd trend line, after testing which a reaction and growth was obtained, which at the moment looks quite flimsy, in particular due to the locally short position of #BTC and #ETH.
The sage advises to wait for the decline and start buying the asset from the levels with liquidity located at the tips of the wicks of the daily candles. We place the 1st buy order at $2.966; 2nd at $2,572 and 3rd at $2,230. Complete filling of the 12h imbalance located at $4.182 is our first goal for April-May, followed by an update of the local high at $4.528 with a movement potential of more than 50%. | 197 | 0 | Loading... |
29 #ETH🔹
Let me start with the fact that in the last review I once again predicted the price movement!
I am considering a dip in price and a breakdown of the lower boundary of the triangle... The market has not fully unloaded yet.
The lower boundary of the triangle was broken and the price went down to 2850$ for 1 coin - it's quite a deep dive considering the current state of the market. The asset has already updated its local lows for the 3rd time, due to this a beautiful descending channel was formed on the chart, which indicates the weakness of the buyer and the beginning of the movement in the bearish trend.
I don't want to panic, but we should watch 👀 the price reaction to the key resistance levels - $3204 and $3, 419. In case of obvious weakness of bulls, we should consider the variant with continuation of correction and going below the extreme local minimum. In case the price manages to break through all significant levels and to fix above them, it will be possible to consider that the asset is rehabilitated. In this case, the growth will continue. | 197 | 0 | Loading... |
30 Today I would like to start with a review on #XRP💰
The asset is moving in a symmetrical triangle, the exit from which is always something unpredictable , but given the current position of the market and BTC in particular - we can safely assume that the lower boundary of the triangle will be broken, after which there will be a withdrawal of liquidity from the 3rd lot, which will entail the activation of my last buy order.
After the fall is over, I expect to see a rebound followed by trading in the price accamulation zone(0.5900-0.5730$). Due to this, a huge number of local stops will be collected, which in turn will serve as a good fuel for the continuation of growth. The nearest target from above is the level of 0.6175$, a little higher at 0.6630$ is the resistance, to which the price will have to reach. The main target is still the local high located at $0.7500.
In general, the asset looks quite attractive. | 186 | 0 | Loading... |
31 Congratulations to everyone on the start of a new trading week! It's time to take a look at the current situation on #BTC 💰
The sun has not had time to rise above the horizon, as Hong Kong announces the approval of spot #BTC/ETF - the market reacted to this news with a logical growth, which certainly can not but please.
In the last review I analyzed the variant with a deeper correction to the main support zone at $62988. On this topic I wrote the following:
I expect the price to descend at least to the support zone located at 62988$ and in case we don't get an instant buyback, the fall may continue.
We fell to the support zone as expected, even broke through it by collecting a huge shelf with liquidity at the local low ~60800$. After that we got the necessary for growth instantaneous buyback.
This fall extended the boundaries of the bullish triangle, which gave us the opportunity to count on the continuation of growth. The nearest resistance zone is the level of 62988$, I think the price will test it soon and in case it manages to make a breakdown with the subsequent consolidation, we can safely expect the continuation of growth.
Taking into account the presence of support zones from below and positive news background, globally I am in favor of growth, but locally we can still fall a bit to knock out the weak hands from the chart. | 218 | 0 | Loading... |
32 #SUI 💰
Already more than once made a review on this coin, it has always pleased us with a good profit, I think today's thoughts will not be an exception.
The asset has fallen from its peak of $2.1829 by more than 30% of net movement, changing its local bullish trend to a bearish one. This is evidenced by the downward slope and the local lows that have already been updated more than once. The global trend is still upward despite such a "bloody" correction.
At the moment the price tested the trend line, after which it got a rebound and got into the accumulation necessary for the continuation of growth. I think that the price will manage to reach the strong resistance level of $1.7347without much trouble , after which a breakdown is quite possible and pushing the asset between the trend line.
Ideally, in the next 1-2 months, we would like to see a complete filling of the 4-hour imbalance located at $2. 0437-2.0670 and an ATH (all-time-high) update at $2.1829. Our plans can only be hindered by the imminent halving of #BTC, before which all longs are always shaved off, so my advice to you is to buy spot for now and leave the volume for more! | 222 | 0 | Loading... |
33 #BTC💰
Friends, I hope everyone is safe after yesterday's correction?
I would like to start the review by analyzing the main reasons for the asset's downfall. The first thing to pay attention to is the news background, which was the catalyst for the entire fall, now I will explain how it happened...
Trading volumes on centralized crypto exchanges have fallen to historic lows - bets are done, no more bets! The rest of the traders sat on futures, long bitcoin with 10-30x leverage. After the news release, the market began to fall, and due to lack of liquidity and limit buy orders, long-squeeze occurred. Longs started to close one after another like falling dominoes.....
In general, I don't see much sense in getting upset. Globally, the price is still in a bullish triangle. If the upper boundary of the triangle is broken, it is quite possible to see the continuation of growth with the removal of the main targets, both at the local top ~72797$, and at ATH (all-time-high) ~73777$.
The option with a deeper dive should definitely not be cast aside. In case of a breakdown of the lower border of the bullish wedge, I will expect a descent at least to the support zone located at $62988. Going to this zone will already indicate a bearish mood and if we don't get an immediate buyback, the decline may continue. | 215 | 0 | Loading... |
34 #OP 🩸
The asset has seen over 300% net movement growth in a few months, while completely avoiding any deep corrections, limiting itself to only the short-term sideways movements necessary for continued growth.
The recent decline from ATH $4.865 is the deepest correction in recent memory.
The current price position on the chart is quite flimsy. The asset has tested the sloping support level and hovered right above it. In case of breakdown, the way to 2.5-1.5$ will be completely open and we will have to think only about the depth of the upcoming correction. Of the interesting support zones, 2 orderblocks stand out the most :
2.480-2.110$
1.920-1.630$
Inside them there are also completely unfilled imbalances ~$2.279 and $1.861, overlapping of which is quite an important task for the price.
The #OP should be viewed with optimism, so it would be a mistake to exclude the growth option from the current levels. There are also enough zones of interest from above, the closest ones are two 3D imbalances located at $3.564 and $4.115. Liquidity at ATH 4.865$ is the main price target! | 203 | 0 | Loading... |
35 #BNB🔸
I believe that #BNB is the best asset at the moment, if we draw an analogy with Bitcoin, then buying #BNB now is compared to buying Bitcoin around $15-17k in the winter of last year, and now I’ll tell you why:
The asset has been in accumulation for a year and a half, starting in the summer of 22, after a sharp fall, we did not see an exit beyond the level of $334, where a huge supply is concentrated, as a rule, based on the mechanics of the market, the longer the accumulation goes on, the stronger the upward impulse will be, because this is its a kind of spring that charges more and more every month... a year and a half... 500 days, enough to charge the spring called #BNB to the limit.
Assets such as #SOL and #ETH have already broken through their resistance levels and have shown strong growth, which cannot be said about #BNB, which is always catching up with them, since 2021 I realized that #ETH comes first, then #BNB, I’m sure this time it will be exactly the same.
Powerful fundamental - #Binance is the largest exchange on the planet in terms of trading volume, and is far ahead of all other exchanges, Binance has proven its resilience, the ability to fight with regulators (negotiate) and withstand any information and technical attack... it is truly unsinkable an exchange with a real product and the most convenient interface, that’s a fact.
Stimulation of purchases by the largest exchange, as already mentioned in point 3 - Binance is the largest exchange in terms of trading volume, so it is very easy to force users to start buying #BNB under various pretexts, starting from a reduced commission in a token, ending with staking at 20-30 % per year, it’s a matter of time before they start downloading the token and pouring billions of dollars into it.
The working BNB Chain network, I won’t say much here, I’ll just say that the commissions, as well as the speed of the bep-20 network, are in the list of leaders, ahead of Ether and Solana, this is a very strong fundamental factor that will affect the price at the time of transition to WEB 3.0.
At the moment, I see a goal in the region of $1060 - $1500, this is what we will see very soon, however, more global goals are much higher than $3000, and I believe, given the capabilities and finances of #Binance, the price of #BNB will very soon be in space, and then don’t say you weren’t warned.
This concludes my analysis, I hope this information was useful and will help you earn a lot of profit. | 228 | 0 | Loading... |
36 Support zones #BTC💰 and #ETH🔹 show filigree workout!
On Bitcoin: yesterday's market decline knocked the price out of the "expanding ascending wedge", a false breakdown was formed, followed by a retest and a return to the pattern. Our wedge has become even wider, as we can draw a slope along the new-found low, which will be no less valid support zone than the previous one.
In general, I continue to wait for the growth of the asset to the upper boundary of the wedge, where a huge amount of liquidity is concentrated, after the removal of which it is quite possible to react in shorts.
On Efirium: immediately after testing the strongest support level at $3419, the price got a reaction and reversal into longing. In just a few hours, the asset added ~4% to its value, which is just a great result for the current market. | 232 | 0 | Loading... |
37 #DYDX✖️
The analysis will be held on a familiar and somewhat native for us daily chart. Turning to it we can see that the price successfully removed our 1st limit buy order, then got a reaction and bounced. A pattern called "Rectangular Triangle" has formed, which is a reliable formation that does not depend on the duration of a particular trend. The upper horizontal line forms a resistance level that is continuously being tested by buyers.
As a rule, as the trading range narrows, the volume decreases, and the peak of activity falls on the true breakdown of the resistance level.
Among the targets from above we would like to emphasize the local high($4.528) and the strongest resistance level($3.693), from which the price has reacted more than 3 times. At the moment it is quite possible to see growth from around the current values, the only embarrassment is bitcoin, which looks short. In this case, we have 2 more limit orders to pick up, so even with a deeper dive, there is nothing to worry about! | 212 | 0 | Loading... |
38 Local prospects of #BTC💰 correction
I think no one has any questions about the global growth targets, but we need to deal with the correction. The recent breakdown of the upper boundary of the global "Symmetrical Triangle" opened new horizons for the fall, and this is what we will talk about today.
Let's turn to the hourly chart of the asset. On it we see the formation of the "Expanding Rising Wedge" which isoften a harbinger of a deeper market correction. Panic and run to sell your spot portfolio right now is clearly not worth it, because the wedge is not yet considered complete, which means that we will still have to see a good growth, before which it is quite possible to spill to the lower boundary, which is the resistance zone at 69541-68849$. From there I expect to get a reaction and continuation of growth, or going sideways.
As a whole, locally I continue to believe in growth and greening of the market. But globally, after halving, I expect a descent and sideways. | 214 | 0 | Loading... |
39 #ETH 🔹
To understand the current global picture, let's turn to the daily chart of the asset. On it, we see a very similar formation to Bitcoin - the "Converging Triangle". The situations are similar, but not mirror-like. Compared to #BTC, Ethereum has not broken the upper boundary of the triangle, which means that it can still swing from side to side.
📉From below, we would like to highlight TWO strongest support levels, from which the price has already reacted more than once. 1st $3,419; 2nd $3,204. In case of a deeper dive, they are the ones that will keep the price at acceptable levels. In general, I consider the variant with price plunge and breakdown of the lower boundary of the triangle, followed by reaction from the 2nd support level. The market has not yet fully unloaded, so I consider this scenario to be the most viable.
From above from the targets we have two local tops - $3730 and $4093. | 196 | 0 | Loading... |
📣 DeFi DAO introduces permissionless listings with AI enhancement
Ooki, a decentralized finance DAO, innovates by combining artificial intelligence and permissionless listings. The decentralized finance (DeFi) space is crowded with thousands of tokens with varying use cases, while coins with new utilities emerge occasionally. While enriching the DeFi ecosystem with diverse investment options, this proliferation of tokens also introduces a significant challenge for users.
💰Morgan Creek Capital's CEO predicts baby boomers will invest $300bn in cryptocurrencies within a year due to Bitcoin ETFs, potentially raising the market cap to $6tn.
Gentlemen, I want to tell you a little bit about a project like #SEI
Sei Network is an open-source Level 1 (L1) blockchain that is built on the Cosmos technology stack. The network is focused on decentralized exchange trading.
I think it is clear to everyone that the project's fundamentals are on top, so let's move on to analyzing the chart - after setting a global high at $1.1450, the asset started a prolonged corrective movement, taking place within the descending wedge.
At the moment the price has come to a rather strong resistance zone at 0.6500-0.5780$, there is also the upper boundary of the wedge, which puts additional pressure on the asset. Taking into account all the above mentioned factors, I don't think that the price will manage to break the downtrend in the nearest future. Most likely it will be brought down to the lower boundary of the descending wedge, where it can get a reaction from the support zone (0.4849-0.4382$) and start to grow.
Summarizing I would like to say the following - due to its fundamental the coin on the distance is an extremely promising asset, which very soon can be picked up at good discounts. Personally, I will do so!
📣 AI-powered DeFi platform secures $10M investment with upcoming DAO
NFA Labs recently partnered with Quantix Capital, receiving a $10 million capital commitment to be used to grow the ecosystem. The latest rally in crypto has not gone by without bad actors intensifying their illicit efforts. The first two months of 2024 witnessed a 15.4% increase in stolen funds, with more than $200 million lost to hacks and rug pulls, while decentralized finance (DeFi) remains the biggest target for culprits.
#OP
The price went perfectly along the arrow I drew. The signal to sell was given at the mark of 2.800$, it is important to gain courage and more closely follow the posts, where I advised to open a short position, and everyone could fix from 20 to 33% of the net movement!
The asset tested my previously outlined bullish zone of interest at $1.927-1.611, removing the level with an ineffective price formation at $1.861, after the bulls instantly bought back the coin and fixed the price above the strong support zone at $2.305-2.136, which we may soon break through and go even lower.
Due to such a deep correction, a beautiful upward channel was formed on the chart, which indicates a global buyer's interest. As I said before:
The #OP should be viewed with optimism, so it would be a mistake to exclude the option of growth from the current marks.
Unfortunately, slowly fading volumes indicate a possible continuation of the fall, but in fact it is not so terrible.In case of a breakdown of the lower boundary of the ascending channel and the formation of oversold on RSI I plan to buy back the asset.
Perfect workout of the #BTC💰
The movement of the asset is exactly as it was described in the presented scenario - the growth up to the main support zone ($67534), as I assumed, did not cause any difficulties, but its overcoming turned out to be not a strong task for the price.
At the moment BTC is already approaching the nearest support zone at 62988$ from which it is quite possible to see a reaction and the beginning of growth. Only liquidity located at the local lows of the asset is confusing. The wicks left by the price after the recent correction are too big and need overlapping.
Taking into account the growing volumes of for sale, and the obvious pressure of sellers, the main inclination now is to continue the local decline. In case of support breakdown we will have to consider lower targets ~ $60800-59800 as targets.
With the current situation on the market, we do not consider longs, it can be dangerous. Nevertheless, very soon the market may give us new favorable levels to set positions
💰 Polygon leads in EVM efficiency as DeFi users favor low transaction costs
Layer-1 blockchains are foundational networks supporting various applications directly on their protocol, while Layer-2 blockchains operate atop these foundational layers, enhancing scalability and efficiency. Comparing the usage and efficiency of EVM-compatible L1 and L2 blockchains and side chains helps us better understand the market values and where most of the DeFi activity comes from.
💡💡💡: 🇺🇸 FBI warns Americans against using non-KYC #Bitcoin and crypto money transmitting services.
#BAKE
Let me start by saying that BAKE is an incredibly technical asset. Since the beginning of March, we have been moving in a descending trading channel, where we tested the global support zone around 0.3700-0.3386$. This range was later broken and is now acting as a global resistance level.
After the spills, there was a test of the global support level around ~0.2100$, from which there was an immediate reaction. I would like to note that after the stabbing of this level we have been getting significant upside spurts throughout history.
In the near future I expect continuation ofgrowth and formation of an ascending channel. The first target for us will be the value of 0.3800$, on the way to it the price will have to overcome a rather strong resistance zone at 0.3700-0.3386$. The main target is to update the local maximum of the asset, namely 0.5461$. Right in front of it there is an area of increased volume near $0.4517$, which will act as a significant obstacle. In case we break through this area, we will reach the main target very, very quickly.
👀Buy Bitcoin sign shown behind Janet Yellen at a congressional testimony in 2017 sells for $1 Million at auction.