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Reasons for Crypto-Optimism During the Next RecessionMade a list of a few things for crypto holders to be optimistic about the recession/depression about to unfold in the global markets right now. - Crypto's market cap is less than 1% (possibly even less than 0.1%) of traditional stocks. If the stock market goes down, - Banks are taking their time raising interest rates on savings accounts while pushing mortgage and loan rates up at the same time. This will make staking rewards (XTZ- 4.6%, ETH - 3.65%) look appealing. - The 2008 recession coincides with a period where tech companies (Apple, Google, Facebook, Microsoft) took over the charts of the Fortune 500. We're likely to see a similar thing happen again - crypto is the industry most positioned to be in that category right now. - Ponzi schemes exist in traditional markets too, and we're going to see Bernie Madoff-esque figures emerge as the market starts to dip. Madoff was able to keep his racket going for over 20 years just because the stock market kept on going up and up. When that stops, the scams will too. (Many of these practices have been "legalized" in the finance worlds at this point, but it won't change the fact that people will lose money and there will be a backlash against that.) This will further erode trust in the traditional markets as a whole. People generally don't do research unless they're forced to, but the economic slowdown may force a lot of people to look further into the details out there. This generally works in favor of crypto assets since what they offer now is just a better deal for most people out there.
KRAKEN:XTZUSDLong
by RyanTanaka
1
LISK LSK USD : DESCENDING WEDGE AND EXPANDING WEDGE $360 TARGETLISK looks like its primed to take off. Ive done a couple other charts on coins that are proof of stake. I did this because the USA government is going to address the issue of proof of work and the massive energy consumption. I believe proof of work is something that will fade away in the near future, its just not Green in the eyes of the government. Proof of stake or some other method will take over. I believe proof of stake coins will be the next big market pump. Something big has to happen for a move like this to play out but its very possible, especially considering LSK did a 40,000% rise in a fairly short period of time. Even at $368 per LSK the market cap would only be around 50 Billion. LSK could surprise everyone! it could however break to the downside and a measured move would bring it to about a penny. I lean more towards the bullish side! This is not financial advice just my opinion and what I am doing. If you like this content then leave a comment, like, and follow. Thank you
LLong
by Bitgolder
ETH2 "Merge" to Come in Aug. ETH/XTZ Rivalry Renewed?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, energy efficient, and easier to understand. The ETH team may have been feeling the pressure to do the migration sooner than later due to high gas fees having chased a lot of the developers and artists in the ecosystem off the chain - but may have been bogged down by speculators and miners who did well during previous runs and don't want things to change. The migration to PoS this summer needs to be smooth and without incident if the coin wants to maintain its long-term lead. But since they're dealing with legacy PoW systems that may or may not lead to complications down the line (on top of the politics of it all), we don't know how things will actually turn out. ETH's validator systems (XTZ has a similar system called "Baking") currently requires a massive 32 ETH investment - of which you have to sign a waiver agreeing that there is no definitive date where you might see your money back. In theory, post-merge the initial validators *should* be able to withdraw from the system but if this happens en-masse it could potentially spell a disaster for the project as a whole. A lot depends on how the ecosystem develops post-merge. (Though there is - to be fair - the potential for interest rates to shoot up in order to compensate for its loss.) Another worry for ETH is what will happen to the price post-merge - in theory, the system itself will "burn" its money supply to keep prices high, but in crypto utility coins and speculation coins are often correlated in an inverse manner. The team reassures investors that their money is safe, but given the new and unprecedented nature of this "merge", there still are no guarantees. In the meanwhile projects like Tezos (XTZ) - which has been proof-of-stake from the very beginning when it was proposed in 2014 - have been making moves both in the Web3 space and in the markets - one of the few coins this week that managed to remain in the green. It's also one of the chains that artists, developers, and businesses have flocked to after ETH's gas fees started becoming untenable, and we see signs that lesser known projects like these are starting to become more "viable" in recent months. Tezos' protocol was designed specifically for stability - it doesn't require hard-forks for upgrades, offers staking rewards (4.63% on Coinbase for merely holding it - ETH2 currently offers 3.675%), and has historically always had low gas fees, even during the craze of last year. Many people - especially in the arts and NFT spaces - have noticed and have migrated over. (e.g. https://teia.art, objkt.com.) The two chains historically have always had a rivalry of sorts, back when Ethereum decided to go with PoW, whereas Tezos decided to go with PoS as its Layer-1 from the very beginning. Tezos has remained mostly quiet during the bull runs of the last few years, but as the merge date gets closer, we might start to see this old rivalry re-emerge again.
Long
by RyanTanaka
KAVA/USD Daily Cautiously BullishKAVA/USD Daily cautiously bullish. *Since 05/12/22 KAVA/USD has gone up 116% so a little bit of resistance here at the top of the descending channel is to be expected.* Recommended ratio: 65% KAVA, 35% cash. Price is currently testing $2.72 resistance and is on the verge of testing the upper trendline of the descending channel from August 2021 at ~$2.95 as resistance. Volume remains very high after printing a record high on 05/12/22 and has been fairly balanced between buyers and sellers over the past week. Parabolic SAR flips bearish at $1.50, this margin is mildly bearish. RSI is currently trending up slightly at 45 after finally breaking out above 38.31 resistance (It had been testing it since 05/15/22); the next resistance is the uptrend line from December 2021 at ~53 (which could potentially coincide with 56.84 resistance). Stochastic currently remains bullish at 99 after going nearly straight up from max bottom on 05/12/22; it's on the verge of testing max top where it can coast in the "autobahn zone" for a while. MACD crossed over bullish in yesterday's session and is currently testing -0.44 resistance; if it can break above it then the next resistance would be at -0.18. ADX is currently trending down at 28 as Price continues to go up, this is mildly bearish; if ADX can bounce here as Price continues to rise then it would help confirm that this is a reversal and not a retracement. If Price is able to break out above the upper trendline of the descending channel from August 2021 (~$2.95) then the next likely target would be a test of $3.31 resistance. However, if Price is rejected here (at either $2.72 resistance or the upper trendline of the descending channel), it will likely test the $2 level as support and may fall as low as the lower trendline of the descending channel at ~$1. Mental Stop Loss: (one close below) $2.19.
KRAKEN:KAVAUSD
by dailytaguy
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *Altcoins like FTM, KAVA, XTZ have all crossed over bullish on the MACD and broken out to the upside -- this is bullish for the broader crypto space and implies that a weekend crypto rally is likely underway.* Recommended ratio: 60% ETH, 40% cash. Price is currently testing $1941 support for the sixth time in ten sessions and is forming a bull flag in the process. Volume remains moderately low and fairly balanced between buyers and sellers in the past five sessions indicating there is some consolidation taking place at this level. Parabolic SAR flips bearish at $1731; this margin is neutral at the moment. RSI is currently trending up slightly at 35 as it approaches 36.91 resistance. Stochastic remains bullish and is currently testing 80.69 resistance. MACD remains bearish and is trending sideways at -239, if it can manage to cross above -231 then a bullish crossover would take place; the next resistance is the descending trendline from 04/04/22 at -200 and the next support is the ATL at -318. ADX is currently trending up slightly at 50 and appears to be preparing for peak formation; if it peaks and Price goes up, this would be mildly bullish. If Price is able to bounce from $1941 support then the next likely target is a retest of the 50/50 trendline from March 2017 at ~$2100. However, if Price breaks down here and loses $1941 support, the next likely target would be a retest $1426 support (last time tested was February 2021). Mental Stop Loss: (two consecutive closes below) $1941 support. **Traders pls be vigilant as ETH approaches $2100... may want to derisk if this is in fact a weekend Dead Cat Bounce**
COINBASE:ETHUSD
by dailytaguy
$FTM/USDT 90m (#BinanceFutures)Falling broadening wedge breakoutFantom is pulling back to 50MA support and looks good for a bounce then a short-term recovery! Current Price= 0.7531 Buy Entry= 0.7432 - 0.7050 Take Profit= 0.8346 | 0.9233 | 1.0164 Stop Loss= 0.6354 Risk/Reward= 1:1.25 | 1:2.25 | 1:3.3 Expected Profit= +15.26% | +27.51% | +40.37% Possible Loss= -12.25% Fib. Retracement= 0.559 | 0.786 | 1 Margin Leverage= 1x Estimated Gain-time= 1 week Tags: #FTM #FTMUSDT #Scaling #PoS #Staking #DAG #SC #EVM #Enterprise #DApp #DeFi #BSC #BC #SolEco Website: fantom.foundation Contracts: #Mainnet #ERC20 0x4e15361fd6b4bb609fa63c81a2be19d873717870 #BEP20 0xad29abb318791d579433d831ed122afeaf29dcfe #BEP2 FTM-A64 #SPL 8gC27rQF4NEDYfyf5aS8ZmQJUum5gufowKGYRRba4ENN #CELO 0x218c3c3d49d0e7b37aff0d8bb079de36ae61a4c0
FLong
by TradingOn
HEX is the greatest CryptocurrencyHEX is an ERC20 token that was released December 2019 after over a year in development, with 2 Security Audits as well as 1 Economic Audit. Since the 2019 release the smart contract has worked flawlessly with zero downtime or hacks. It’s immutable code that has no admin keys and multiple front ends built by the community to access its signature feature “Staking”. The major difference between HEX and Bitcoin or Ethereum is the fact the coin inflates at a maximum of 3.69% per year, but instead of paying miners to sell the coin to pay for electricity costs, HEX pays those who Stake their coins. Everything is done from your self custodial Ethereum wallet and you pick how long to stake, from 1day up to 5555days. The longer you stake the more yield you generate, just make sure you’re truthful to the smart contract because if you end your commitment before 50% of time served you will lose some of your principal as well as interest earned. All of those who honor their commitment and end their stake on time benefit from those who ended theirs early or late. Most people have built what’s called a Staking Ladder staking different amount of HEX coins for various amounts of time (Like a traditional CD) so they always have a stake coming due. The yield isn’t paid in USD it’s paid in HEX so the price of the asset can go up substantially higher once your stake matures and then people just sell a portion of their yield and never kill their golden goose, restaking the rest! Just in its first 2 years HEX did a 10,000x at its ATH in September 2021! If you stake longer then the average stake length (currently at 6.49yrs) you will be earning over 39%APY (in HEX). This is how so many people have created life changing wealth for themselves using the staking feature no matter what price they originally bought at! Why would you buy and hodl a coin that doesn’t pay you to hold it? Why not just keep a small % liquid and stake the rest paying yourself every year for the next 15years? That way you’re earning high %APY on the longer stakes and your paying yourself yearly or whenever you want? If you keep some liquid you will always have the opportunity to capitalize on the volatile nature of cryptocurrency.
Education
by HEXICAN
1
$WAVES/USDT 1h (#BinanceFutures) Falling wedge breakoutWaves Protocol is downtrending for a while but seems to finally be showing some reversal signs! Current Price= 15.824 Buy Entry = 15.876 - 15.353 Take Profit= 17.166 | 18.318 | 19.537 Stop Loss= 14.259 Risk/Reward= 1:1.15 | 1:2 | 1:2.9 Expected Profit= +19.88% | +34.64% | +50.24% Possible Loss= -17.36% Fib. Retracement= 0.382 | 0.441 | 0.702 Margin Leverage= 2x Estimated Gain-time= 1 week Tags: #WAVES #WAVESUSDT #WavesTech #Web3 #LPoS #Staking #SC #DEx #WavesExchange #WX Websites: waves.tech wavesassociation.org waves.exchange Contract: #Mainnet
WLong
by TradingOn
HI DOLLAR to be KING OF THE PROOF OF STAKES COINSHi Dollar in Only 180 days into Launch Phase, has seen very similar ABC and almost identical chart as Cardano showed 4 years ago. Question is does Hi Dollar stay low at current price 0.129 all time low yesterdayfor as long as ADA did for 2 years. Hi dollar have 3 active GIGA Staking pools to participate in with massive APY for stakers supporting the Hi Protocol to be the most scalable, adoptable and no cost fees platform out there, with many other features. LETS GET HI - see the Hi Dollar social sites and platform for more information on how to stake and be a member with Hi Benefits.
Education
by K11vin
1
SNX May be breaking to the bullish side of the Keltner ChannelFull disclosure: I am long SNX with a current holding of 3,035 tokens held on the Celsius Network. I am grandfathered in and still earning 14.05% APY despite the recent SEC ruling inhibiting non-accredited investors (like me) from earning interest. Always screwing the little gals & guys in the name of "protecting us." Thank you, big government bureaucracies... for nothing. Anyway... It looks like SNX is trying to break into the "bullish" side of the Keltner Channel (See yellow circle). If SNX can maintain in the upper band, this will be a very strong signal of future bullish price-action. --Garry
BINANCE:SNXUSDLong
by tg-l
3
Origin Protocol making a base for the 2nd wavecrab harmonic pattern: X=$17 A=$0.085 AB=0.38 XA BC=0.88 AB 0.78 BC=$0.438 0.88 BC=$0.524 1.6 BC=$1.95 2 BC=$3.87 0.78 XA=$5.48 2.24 BC=$5.96 0.88 XA=$9.32 2.6 BC=$11.74 1.13 XA=$34 3.6 BC=$70 1.41 XA=$150 4.23 BC=$214 1.6 XA=$453X=$17 A=$0.085 AB=0.38 XA BC=0.88 AB 0.78 BC=$0.438 0.88 BC=$0.524 1.6 BC=$1.95 2 BC=$3.87 0.78 XA=$5.48 2.24 BC=$5.96 0.88 XA=$9.32 2.6 BC=$11.74 1.13 XA=$34 3.6 BC=$70 1.41 XA=$150 4.23 BC=$214 1.6 XA=$453
Long
by HarmonicPitchforks
2
$API3/USDT 12h (#BinanceFutures) Descending trendline breakoutApplication Programming Interface 3 is holding above 50MA support and looks ready for a sharp recovery, let's bid! Current Price= 5.624 Buy Entry = 5.505 - 5.257 Take Profit= 6.127 | 6.756 | 7.295 Stop Loss= 4.782 Risk/Reward= 1:1.25 | 1:2.3 | 1:3.2 Expected Profit= +27.72% | +51.10% | +71.14% Possible Loss= -22.26% Fib. Retracement= 0.5 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 1-2 months Tags: #API3 #API3USDT #API #Oracle #Web3 #PoS #Staking #DAO #Governance #DeFi Website: api3.org Contract: #ERC20 0x0b38210ea11411557c13457D4dA7dC6ea731B88a
Long
by TradingOn
SNX Still Strong But Outside Upper Keltner Utilizing the Keltner Channels, we can see SNX got a little too far out over its skis. I put an orange circle around where the SNX price action stepped outside of the upper Keltner Channel. I knew it couldn't last forever, but I was hoping for a little softer re-entry. Meanwhile, all is still well. The median-line projected shows that SNX will still be in the upper strong side of the channel so long as it bounces before we get to that $6.36 mark. If we slide to the lower side of the channel, that could be a negative trend. We (long-term holders of SNX) don't want that. Bottom line: I am looking for SNX to bounce before we hit the median line. I expect continued positive price action going forward. If you like this idea, please read my other ideas or comment below. Thanks! -Garry
COINBASE:SNXUSDLong
by tg-l
FIL (Filecoin) Coin Analysis 03/06/2021we have started our investments on filecoin when it was at 24USD: we have added and reinvested to our initial assets at 40USD after the bullish cycle: Fundamentals: Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible. Filecoin is secured through proof-of-replication and proof-of-spacetime. In the Filecoin network, nodes that are also known as retrieval miners are in competition to serve clients with data as quickly as they can. They are then rewarded with FIL fees, which encourages a network of nodes that want to replicate and preserve files. Storage miner nodes are constantly competing for contracts to provide storage to clients to a specific length of time. When a storage miner and their client agree on a deal, the storage miner holds the client’s data in a sector and “seals” it to create a unique copy of that sector’s data. Storage miners are rewarded with FIL by clients as deal fees, and these miners can also mine blocks and receive a block reward. Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects. Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading. In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants. The live Filecoin price today is $89.04 USD with a 24-hour trading volume of $1,745,107,591 USD. Filecoin is up 25.72% in the last 24 hours. The current CoinMarketCap ranking is #23, with a live market cap of $6,758,604,461 USD. It has a circulating supply of 75,904,170 FIL coins and the max. supply is not available. Technical Analysis: As you can see the coin has fallen to its 78.6% Fibonacci Retracement level which is the current heavy support zone and has a very high chance to bounce the price and change the bearish retracement trend to a higher bullish cycle. there exist a Hidden Bullish Divergence of the price with MACD which is the sign of bullish trend continuation. There are few resistance areas but we don’t see much of significance over them and it can easily breakthrough them. There total of 3 targets defined by Fibonacci Projection of our initial impulsive wave, the 3 TP gets confirmed as the price trigger the 2 TP followed by some retracement and price correction. There are some chances that the price falls but even in that case there are many more Support zones and it makes the chance of repurchase at the lower prices and the coin will be very much undervalued bellow of this price.
Long
by BitonGroup
2
SNX: Breakout above $7.50 could see doubling to next resistanceDisclosure: I am a long-view SNX HODLer. This is not financial advice. This is simply my opinion and how I apply it to my own assets. 1 April 2022- My views on the current bullish SNX action: As SNX has blasted more than 100% up from its recent lows, it has now established $7 as its potential support level and it is nearing the next SUPER IMPORTANT resistance level at $7.50. Volume has been good, ever increasing. The project and platform finally has firm footing, momentum and is firing on all cylinders. And if SNX rises above this $7.50 level, I see the next major resistance as double from here! DOUBLE! 100% from here! Take a look at the chart. If you like this idea, please check out my other ideas on SNX for more information on the token, the project and how to earn high APY on SNX the easy way.
BINANCE:SNXUSDLong
by tg-l
SNX BREAKOUT; $6 surpassed! Will it act as support? I think so!Full disclosure: I am a HODLer of the Synthetix Network Token (SNX). I transferred over 2700 tokens to Celsius Network on 31 July 2021 where I was receiving 13.99% APY at the time. They have since increased the yield to 14.05% APY, paying out every Monday like clockwork. Trade View will not allow me to advertise my referral code for Celsius here, but I do have one if you message me. Now, for what has me so excited about today's chart. We just broke through $6. If SNX can hold above that level perhaps even retesting it as support, I think we may see SNX take off. I added the "auto pitchfork" visual to give you an idea of what I hope to see happen. This derivatives project is sound, the token is necassary to conduct business on its platform and the token has scarcity on its side that lends to an upside of somewhere in the $50 to $100 per token range... if the inflated dollar doesn't continue to crash from here. If the USD does continue to collapse, it will further enhance crypto price action in our favor as people seek other sectors (crypto) to store value. Sidenote: I now have over 3012 SNX tokens thanks to the power of compounding at Celsius Network. I don't have to hassle with swap defi platforms, high ETH gas-fees, or delegating, validating or staking in general. I just watch it grow every Monday. If you wish to do the same with your SNX (or 40-plus other cryptos), we can both earn $50 worth of BTC when you open an account using my referral code and move $400 worth of crytpo to Celsius and hold for 30 days. And you will have your own referral code you can share with your friends once you have an account.
BINANCE:SNXUSDLong
by tg-l
DODO (DODO) Token Analysis 28/04/2021Fundamentals: DODO is a Chinese decentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM). The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets. It then provides enough liquidity close to these prices in order to stabilize the portfolios of liquidity providers (LP), lower price slippage and negate impermanent loss by allowing arbitrage trading as reward. DODO also caters for new crypto projects with a free ICO listing through its Initial DODO Offering (IDO) which requires issuers to only deposit their own tokens. DODO’s smart contract operates as an ERC20 token on the Ethereum network. DODO positions itself as one of the most competitive liquidity providers that offers very low transaction fees and price slippage through its PMM algorithm, first conceived in April 2020. The team claims their PMM algorithm provides superior pricing over that of AMM competitor Uniswap due to a flatter price curve. The PMM collects funds near market prices to establish enough liquidity, which drops quickly the further the price moves from the market price. DODO automatically adjusts market prices in order to attract arbitrage that will help keep liquidity provider portfolios stable. This ensures more favorable pricing, higher fund utilization and decreased price slippage, single risk exposure and no impermanent loss (explained here). For traders, DODO offers sufficient liquidity comparable to that of centralized exchanges (CEX), which can be natively used by smart contracts for on-chain transactions such as liquidation and auctions. Arbitrageurs can also take advantage of price differences between DODO and other exchanges. Liquidity providers are not required to make a minimum deposit and are not restricted on the type of asset they provide. LPs can create their own trading pairs, deposit their own tokens to negate price risk and also collect a portion of DODO transaction fees as rewards. DODO also attracts new crypto projects with a free listing as an Initial DODO Offering (IDO). Unlike AMM protocols, DODO does not require quote tokens, and IDO projects only need to deposit their own tokens to the liquidity pool, after which the PMM creates its own ask-side depth. To start an IDO, a project needs to only set the oracle price to a constant. Liquidity is improved by depositing more quote tokens. Dodo was officially launched in August 2020, founded by Diane Dai, Radar Bear and an anonymous development team. It initially attracted a $600,000 seed round led by Framework Ventures. The team announced in September 2020 that it had successfully completed an additional $5 million private sale funding round, led by Pantera Capital, Binance Labs and Three Arrows Capital. The private sale round also attracted investment from several other prominent venture capital firms, cryptocurrency exchanges and trading firms that include Coinbase Ventures, Galaxy Digital, CMS Holdings and Alameda Research. The live DODO price today is $3.47 USD with a 24-hour trading volume of $74,507,965 USD. DODO is up 7.79% in the last 24 hours. The current CoinMarketCap ranking is #143, with a live market cap of $383,444,464 USD. It has a circulating supply of 110,551,965 DODO coins and a max. supply of 1,000,000,000 DODO coins. Technical Analysis: The Chart what we are Analyzing now is new Chart and does not Contain the Past DATA but yet we can have some Targets Based on the Fibonacci Extension Levels as we can see there exist a Bullish Divergence of Price and MACD which is the sign of Bullish Trend Reversal where it seems to be right now.
Long
by BitonGroup
4