Currently, it has been able to do breakouts and pullbacks with the support of MA50. It can test the green trend and resistance. After retesting on the trend, it can start its upward trend for the above goals.
Please like the analysis
DAO is a new project listed on Kucoin, it's been consolidating for a while within the same price rage. This could blow up soon enough, if BTC does not crash the party.
Also expecting it to be listed on more exchanges soon
We had massive moves in DAO and ETH pairs today, due to the news regarding a problem with the code in the DAO.
Apparently, the uptrend is still in place, but there is a lot of fear in the air right now. This is the right enviroment to buy dips, and as you can see the support is holding for now (see green triangle and the dashed lines).
Technically speaking, I...
Fundamentally, it appears that somebody wrote a smart contract.
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Developers, cryptographers and computer scientists should note that any high-level tools (including IDEs, formal verification, debuggers, symbolic execution) that make it easy to write safe smart contracts on Ethereum are prime candidates for DevGrants, Blockchain Labs grants and String’s...
Bitcoin up 11.15%
$DAO down 5.16%
Indicating strength in $DAO.
This can be used to hedge your
Bitcoin long position.
$DAO has a reverse relation with $BTC.
If Bitcoin goes down a bit, $DAO
will go up more aggressively.
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At this moment $DAO has not been on the market.
But it seems like it does...
