Finally, we have the first green weekly candle in 10 weeks. It interrupted nine weeks of falling. Like last Monday, the day starts with a green impulse candle. Remember that such sharp movements correlate with the emotions of traders in the current phase of the market. For example, look at what's left of last week's momentum. Do not rush to jump into the market...
Logarithmic chart. Tested the bottom line of the channel. I am waiting for a rebound to the middle line of the downward local channel. Swing trade I think Near should be updated within a ATH of few years Best regards EXCAVO
Technically, we are repeating the same movement as in 2008. Breakout the trend line - test - and continuation of the fall. Fundamentally - the war in the center of Europe. The potential risks of aggravation of the situation and involvement of other countries. The probable default of many countries and sanctions that hit on both sides. Rising prices for oil and...
Since the last analysis, the situation has not changed so much. We touched the support line and still haven't broken the falling LL-LH structure. The nearest resistance is around 40500. They can take liquidity below the red zone and go up after that. Keep an eye out for more updates. Best regards, EXCAVO
WeWay (WWY) - WEB 3.0 platform for influencers, nft marketplace Plans: -Release of version 2.0 for the marketplace -Crypto university for new users - Creation of a Metaverse for user communication Currently traded on the Ethereum network, Binance Smart chain, Velas, Avalanche. there are plans to make it possible to trade the Solana and Polygon networks. I see...
Bitcoin is moving in an ascending channel that is the bear flag in a downtrend. Shortly, I expect a price correction to the support line and premium Fibonacci levels around 0,705. The average BTC purchase price of many large funds is around these levels. I think we will grow up to the 50-52K zone in May, and by the summer it will go for a correction to 30K. Best...
Why EOS? Over the last few months, members of the $EOS community formed the EOS Network Foundation. The community voted to effectively fire B1 and to instead take power into its own hands. This made EOS the world's largest DAO, other than Bitcoin. One reason $EOS received so much early hype is that the technology is superior to every other chain. This allows...
75% of LTC miners are ready to support the MimbleWimble update. If nothing changes, then the network update may be activated in about 30-35 days - David Burkett, the engineer who works on the implementation of the MimbleWimble protocol (MWEB). MimbleWimble will increase fungibility and privacy. Best regards, EXCAVO
Recently, Binance Futures has launched USDT-margined WOO perpetual contracts with up to 25x leverage. Globally, you can see that the price is now near the annual demand zone. A large falling wedge has formed. We expect good movement in the midterm. Best regards, EXCAVO
We see an uptrend for iExec RLC. The price of the token has rebounded from the support line. It may roll back to the previous low, and trade sideways for some time. Further, we will set the targets by the trend-based Fib extension. Best regards, EXCAVO
Locally, the XAUUSD price broke through the downtrend lines. Now we are near the first resistance of 1900. The next liquidity level is near 1950. Many experts believe that the price will move sideways until geopolitical tensions subside or until the FED raises interest rates. However, even if rates start to rise with high inflation - the real interest rates are...
Hello, I want to take a closer look at Bitcoin's price weekly logarithmic chart. Firstly, the chart examines growth and fall cycles, sometimes referred to as economic cycles or trade cycles. As you can see in my analysis, the growth cycle usually lasts approximately 150 weeks and is always longer than the fall cycle that spans out over the course of approximately...
What is DAO? DAO (Decentralized Autonomous Organization) is a methodology for quickly organizing a large group of people to achieve specific goals and tasks. In DAO, control is distributed among all team members, rather than one main figure. Most modern companies, or any kind of enterprise, have a strict, hierarchical, vertical management structure with bosses,...
Velas is the Fastest EVM/eBPF Hybrid Chain of Solana and EVM, and this way inherited the best from both: Up to 75 000 TPS, 1.2 - second finality, extremely low fees and EVM/Solidity support. And surely, if Velas is a new promising platform for DeFi applications, then of course an analog of DAI is needed in this space, given what it is for DeFi on Ethereum. It is...
The 2021 year has passed. In one picture, the results with the % growth of the year. It is all behind us now - history. We are unlikely to see the same top-list next year. So we need to concentrate on the potential projects to get a comparable result. I love my community. I'm sharing my top picks for 2022. No Big Caps Wallet $TGT - twitter.com $XDEFI -...
Numeraire (NMR) - A Cryptographic Token for Coordinating Machine Intelligence and Preventing Overfitting The innovation behind the Numerai platform in using all the new tech to its advantage, including Machine Learning, Artificial Intelligence, Data Science as well as the blockchain. The platform manages to get the best possible predictions of market trends by...