Hello everyone! AKROUSDT closed above the descending channel, one to watch for sure. Closest resistances are on the chart!
Expecting a reaction from this resistance, with this reaction we could see money flowing to total marketcap. Much love.
It could consolidate between those lines but we will see its move and i will update when we have some validation about the move. Much love <3
RSR void filled. Structure maintained bullish on the higher timeframes. Bags are filled!
A chart demonstrating how price can move along the edges of the circle both bearishly and potentially bullishly Green bars pattern is the assumed movement of price, which is inverse to the bearish move along the same fib circle previously
I've labelled the specific points that could represent a Wyckoff accumulation patttern. The 5 phases represent: (A) controlling the downtrend to a stop (B) buying and selling to create a trading range in order to accumulate as much as possible (C) testing supply to conclude when accumulation has been maximized (D) transitioning to an uptrend (E) executing the...
Sushiswap is a DEX protocol that has retained its position among the top 3 DEX platforms in terms of Total Value Locked. Sushiswap has been able to whitewash its notorious image created due to its anonymous founder, Chef Nomi decided to trade all the ETH held in the development fund worth ~$13 Million on Sep 5, 2020, which ultimately tanked the Sushi prices by...
Chiliz, the fan engagement platform, rose to all-time highs in the first quarter of 2021. With the wave of NFT going on in the crypto markets ushered in by the headlines of Everydays: The first 5000 days being sold out for a whopping $69 million and Jack Dorsey converting his first tweet into an NFT brought the NFT ecosystem into prominence. Chiliz too witnessed...
Curve Finance is currently the leader of the DEX ecosystem on Ethereum in terms of Total Value Locked ($7.35 Bn). While the fees on Uniswap v2 is 0.3% per trade, on the flip side, Curve charges merely 0.04% – a nearly 10x difference. Curve’s infrastructure is built to offer minimum slippage and lower gas fees as it focuses on swapping between similar assets...
Solana is a high-performance layer-1 solution optimized for scalability, it can scale to 50K transactions per second. In the past 1 week, in terms of development activity on the blockchain, Solana has secured the 3rd spot with 348 commits. TVL locked in the DeFi protocols built on Solana Blockchain stands at $997 Mn. Solana came down ~67% from its all-time high...
On the Daily Time Frame, Matic is currently trading at its 20 DEMA. If this support level breaks, the level of $1.47 followed by $1.30 (50 DEMA) will likely act as a support level to the lower side. On the higher side, a Resistance trendline can be drawn connecting the recent two highs. Thus, the level of $1.95 will likely act as resistance. A close above the...
Mdex is an AMM based decentralized exchange that implements a dual-chain DEX model based on the Huobi Eco Chain and Ethereum. It combines the advantage of the low transaction fees of the Huobi Eco Chain and the liquidity of the Ethereum ecosystem, therefore, offering a seamless trading experience on DEX. In 1 Hour Time Frame, MDEX is forming a Ascending Channel...
An open-sourced decentralized finance protocol built on the Ethereum blockchain that has currently locked in ~$7.38 Bn in its protocol. From its All-Time High, COMP too crashed ~70% and is currently trading at $420. It has currently taken support from the level of $350 and it looks like it is forming a Double bottom kind of formation, further downside seems...
With the current crash in the crypto markets, Uniswap too got trapped in the windfall wherein it plunged by ~65% from its trading price of ~$45 on May 3. From its recent low of $13, it has gained more than ~100% and its CMP IS $28.8 at the time of writing, which is still ~36% short of its all-time high. As per smaller TF’s (4Hr and Daily), UNI has managed to...
As per the CoinShares' weekly flow report, Cardano is at the top of the list of crypto assets garnering inflows of $10M. With the environmental concerns revolving around PoW protocols, Cardano presents itself as an energy-efficient PoS blockchain network while it has logged in 1 Million ADA Wallets witnessing a fivefold increase in 2021 itself. On a 4 Hr Time...
ENG This is the total crypto market capitalization without btc. We are still bullish on altcoins but altcoins are approaching dangerous territory. If the chart breaks the blue line (200EMA) then it's ciao ciao altcoin season, otherwise it's just a correction. The last time we saw the chart at the 200 EMA was right after the Corona Dump in 2020. Another very...
An open-source decentralized lending and borrowing DeFi protocol built on top of Ethereum and enable the users to borrow and lend a wide range of crypto assets without the involvement of any third party institution like a bank. The total valued locked (TVL) in lending protocols currently stands at ~$39.6 Bn, which Aave alone has locked in ~$11.96 Bn in its...
Price has tested the support line 4 times in a daily timeframe. Looks strong yet. But entry point only after the breakout with a retest of resistance 44100. It will be nice when the price will start squeezing near to this level. Be careful and keep an eye on the BTC situation Write in the comments all your questions and instruments analysis of which you want to...