TrueBit aims to address the scalability challenges faced by blockchain networks like Ethereum, where the execution of smart contracts can be resource-intensive and time-consuming. The protocol introduces a layer 2 solution that offloads some of the computational work from the main blockchain while maintaining security.
Here are some key aspects of the TrueBit...
Gala is a decentralized gaming ecosystem that runs on the blockchain. The Gala token, the native virtual currency of the Gala network, is used to power all transactions within the ecosystem. Gala has a wide range of games designed to appeal to all types of gamers. The games on the Gala platform are provably fair and transparent, and all transaction data is stored...
Confluences to short:
1. Breaking out of the rising Bear Flag (watching)
2. Head and Shoulder pattern (confirmed)
3. Bearish Divergence on WEEKLY (confirmed)
4. Closing and retesting below 50 days EMA (watching)
Will be updating you guys on step by step process, stay tuned.
NOTE: DON'T SHORT IT YET, WAIT FOR ALL THE CONFIRMATION. TRADE AT YOUR OWN RISK.
In trading, the term "head and shoulders" refers to a popular chart pattern used in technical analysis to predict potential trend reversals. The head and shoulders pattern typically forms after an uptrend and is considered a bearish reversal pattern. It consists of three peaks or highs, with the middle peak (the "head") being higher than the two surrounding peaks...
As I have updated my last Kaspa chart regarding the warning of potential drop. I'm just gonna Post a new chart. This channel id only for OGs who don't just blindly follow "TV influencers". As you can see there was a major resistance and we got reflected back from there.
What Problems Does Kadena (KDA) Attempt to Fix?
Kadena (KDA) solves a variety of problems that continue to hinder large-scale blockchain adoption. For one, it helps to reduce inefficiencies due to inoperability across industries. The network’s multi-layer structure enables it to unite public applications, private blockchains, and other networks in a secure and...
PLEASE READ CAREFULLY:
Bearish divergence is typically recognized through the following characteristics:
Price Highs vs Indicator Highs: In an uptrend, the price of an asset tends to make higher highs, indicating increasing buying pressure. However, if during this time, the indicator (e.g., RSI or MACD) fails to make higher highs and instead forms lower highs,...