Internet Computer is a third-generation blockchain developed by Dfinity. One of the goals of which is the creation of a decentralized Internet. Internet Computer is based on the new programming language Motoko. It is open-source that supports advanced work with smart contracts and the creation of scalable, high-performance decentralized applications and...
NEAR has more potential than Solana.
Infrastructure projects are now being created in the NEAR ecosystem. The active phase of the project's development has begun. My opinion is that we will see the price for 1 NEAR above $50 in the long run. NEAR is close to updating the ATH. The nearest strong resistance is around $20. NEAR has a strong team that is focused on...
The upcoming BitTorrent Chain (BTTC) will be a cross-chain scaling solution that interconnects TRON, Ethereum, and BSC. On top of providing global mainstream blockchains with practical scaling solutions, more importantly, it will deliver heterogeneous cross-chain communication that is decentralized and free of trust, ushering in a new era of “connecting all...
DYDX moves in a big ascending channel. We have recently tested the ex-resistance zone and trendline. I expect a rebound to the resistance zone of the small channel inside. DYDXBTC in the accumulation zone. Also, I think we will see an upward reversal trend soon.
The dYdX Layer 2 protocol has become the leading DEX exchange in terms of the trading volume. It...
What is Wootrade?
Wootrade was founded by Kronos Research in June 2019, one of the largest cryptocurrency trading firms. They will be seeding liquidity to Wootrade in the short term and creating an ecosystem where employees within both companies won't have any innate advantages over others.
The exchange is a dark pool trading platform that offers significantly...
We have a good support level near the 50% Fibonacci. There is the intersection of the uptrend line, the downtrend channel line, and the support area. I wait for some short-term bounce from this area.
USDCHF has encountered a trend line of resistance. We have formed a rising wedge in the premium Fibonacci bears' zone. I think the price will go for some correction to the support line.
WTI is near its resistance. We have a large accumulation zone. There is a triangle at the top. I think it will fall to the support zone. It is a magnet. On small time frames, you can see how the volumes subside and there is a bearish divergence.
Bitcoin is in a big descending channel, a trend. Also, there is a little uptrend channel inside. We are in a zone of premium Fibonacci levels for the bears now. I see an expanding triangle pattern. BTC will test the upward resistance line. It will be the 5th touch, after which we await a trend reversal. I expect some accumulation in the classic conditional...
The world leaders have begun to create a synthetic crisis. This crisis is far scarier - the energy crisis.
It is not an accident that coal-fired power plants in Great Britain were not just shut down or canned. They exploded it without any chance to rebuild. It gave the island 44% of its generation in 2012.
Britain is developing a plan to build a 3,800 km long...
On a large timeframe (1D-1W), we see an ascending channel. USDSGD successfully tested the support line. We are now near the local resistance line and under weekly MA. Liquidity zone, magnet - 50% Fibonacci level.
Liquidity Pools : A short Explainer
A liquidity pool is an area where retail traders have pending buy/sell odrers
MM always need to pair their buys with someone sells , and vice versa - they 'engineer' liquidity
If they want to go long, they create conditions whereby retail traders think price is going lower
If they want to go short, they...
Hello everybody! I expect an upward movement in the short term, but $47150 is an excellent entry point for a sell (short) position based on: price action, premium Fibonacci levels, falling wedge targets. The first strong resistance is near $46200.
Be careful, and don't forget about capital & risk management.
Stay tuned for my future updates and more.
Best regards EXCAVO
Most momentum indicators( RSI , MACD , e.g.) show bullish divergence on the 1H timeframe.
SFP(swing failure pattern) worked out.
The price moves in a descending channel . There is the accumulation process under the channel's midline.
I expect an upward movement in the coming days.
In the chart shown, you can find all the key levels and resistance zones,...
All because of the situation with one of the largest developers in China - China Evergrande Group, which found itself on the verge of default (debt size ~ $ 300 billion).
The possible bankruptcy of the company will hurt not only the Chinese economy (remember Lehman Brothers).
Deposits in Chinese banks are about to $35 trillion, which is twice the size of the...
For the mid - term (1-3 months), I think the Bitcoin price will move in the descending channel . BTCUSD had reached the premium zone by Fibonacci for bears and felt impulsively by 20%. Following my global vision, which you can see in the previous publication, I assume a planned decline to 39-40K in the short term(till 1 month). Then there will probably be some...