I believe next move will re-test the weekly EMA100. Just like the last wick up. It is interesting it wicks so much, but seeing how low the floating supply is it's not surprising at all. Coin is extremely hard to accumulate at these prices, so I expect price level will be rejected by the market.
Sell the news, Buy the rumours Is merge all good? That's the news, hence sell it (not now yet, eth will run another try to get to a new high, it might or might not, that's why keep levelled take profits. PoW and all the miners won't throw mining rigs for the sake of climate change. That's the rumour. Hence all PoW blockchains that stood the test of time shall be...
So the corrective move I illustrated last week is still fairly in play. Now I can imagine these 2 PA to happen next, and as I mentioned I'll be waiting for a considerably nice reaction from my AOV to get into a long setup while having in mind that as we get closer to the merge, the news outcoming from the event will exaggerate any move in the charts. In my...
Hello dear readers! ETH 2.0 - hard fork of Ethereum that will improve scalability multiple times by switching from PoW (Proof of Work) to PoS (Proof of Stake) Scheduled on september 19 . Only a month left. As ETH 2.0 approaches and everyone is buying Ethereum, question is opened - How much will we grow and for how long should we Hodl? The goal of this post...
Here we see the monthly logarithmic chart for the ethbtc pair so the impending golden cross is not shown here. It is only a few days at most away from crossing and we can see here on the log chart that the ethbtc chart’s priceaction is well above an inv h&s pattern and likely has validated the breakout of this pattern even though we haven’t reached its full...
As long as we stay above $1500; preferrably finding support at $1800; I'm keen on the idea of strength up into the multiple confluences around $2600; and into the 15th September Eth Merge event ~~Multiple Confluences: ~Eth Futures Gap (on CME Weekly chart) ~0.618 retracement level ~1.618 extension of the recent dynamic down leg ~roughly around the 50% level of...
The much anticipated (or dreaded if you're a miner) "merge" coming in Sep 19th will officially move the Ethereum ecosystem from proof-of-work to proof-of-stake. Justin Sun seems to see the opportunity for this event to sow some chaos within his competition by supporting ETHW and ETHS coins on the Poloniex exchanges as of this week. - ETHW and ETHS is similar to...
⚡️ #ETH/USDT - Potential 110% ⚡️ Entry Conditions - Daily RSI Trendline Breakout - Merge Nearly Complete - Flipped 20DEMA Entry: 970 - 1220 TP1: 1680 TP2: 1980 TP3: 2160 SL: 830 or HOLD $ALGO #Algo #Algofam #Algorand #crypto
News of record high inflation and the federal reserve's plan to increase interest rates this year has a lot of people worried that a recession (probably on a global scale) is coming this year. After over a decade of constant growth in the US stocks and real-estate markets, we're finally going to see the bubble pop. GDP is down, governments are broke, and I would...
The crypto market is in "free fall" today, as some of you may have heard. Decided to write something from the perspective of someone who's been through a few "crypto winters" over the last 8 years or so. mirror.xyz -- I feel like a million years old writing in this tone - though everyone in crypto knows that a week in this industry is equivalent to a year in...
This might be somewhat of a controversial take, but for a while I've been warning that Bitcoin's long-term prospects may be in trouble - a lot of it has to do with how the coin's community distanced itself from utility and business cases and leaned hard into the "store of value" idea during last year's hype. - The idea of "store of value" applies to all money and...
Along with the "decoupling" event that happened on Friday, Ethereum's announcement of the ETH2/Consensys/Merge coming up in August is likely to create some waves in the crypto space as the date approaches - not only will it affect the ETH ecosystem itself, there's a chance that it could have significant ripple effects on the tokens minted on top of it as...
The Ethereum Foundation announced a soft-deadline for the long-anticipated ETH2/Consensys/"Merge" - which will move ETH's current proof-of-work systems over to proof-of-stake. DeFi and finance people tend to prefer PoS over PoW as an economic engine since it's more similar to how the banking industry operates. It also had the added benefit of being more secure,...
Tezos continues to beat the markets (both in crypto and in fiat) as of this week, growing as much as 20% in the last 5 days while most other assets continues to slump. This growth is being driven by increased transactions and traction - particularly around the NFT marketplaces. A more detailed look at the history and growth potential of the chain. teia.surf...
butterfly harmonic pattern: AB=0.78 XA BC=0.88 AB=$1.13 0.23 XA=$2.22 0.38 BC=$3.98 0.38 XA=$4.47 0.61 BC=$8.76 0.61 XA=$13.87 0.78 BC=$15.35 0.88 BC=$21.44 0.78 XA=$31 0.88 XA=$50.2 1.41 BC=$123 1.31 XA=$161.8 1.6 BC=$246.8 1.27 XA=$320 1.41 XA=$620 2 BC=$883 1.6 BC=$1682 2.24 XA=$1968
Back to launch price of 0.4010 back in 2018. This is a staking project, you cannot stake millions of ADA unless they cheap. This gives a second chance to those who dont understand or never knew CARDANO objectives in 2018. Expect the same for MATIC / POLYGON / HI DOLLAR and other proof of stake projects 1 USD a coin is more feasible to stake.
Microcap. Development is steady. Launched as PoW in 2018 but has transitioned to PoS. Not wild on that, but might be good to hedge bets. Staking offers an attractive return mostly fueled by being rewarded a chunk of new emission in exchange for locking up supply - fairly standard, right? Here's where it starts to get interesting. Oxen is the token behind two...
2 Bullish targets at resistant levels 100 and 120 possibly all time high 1.47 plus. Big retrace after ATH or resistance levels with further continuation of wave 2 to 1.618 Fibonacci Support. This is where investors will or should after the sell off get in for the Proof of Stake project to really build up the stock for APY HODLing. This will be a very long...