Cryptotrading
Will Stacks continue the rally?The token has seen almost 139% growth since we published our analysis on 7th Feb 2022 ().
The price is above the weekly 50-MA and RSI is above 70 showing upside momentum in the coin.
The coin is showing support @ 0.5399 and resistance @ 1.0474 . Entry can be made with appropriate stop loss.
Note:
Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
Follow us for more updates.
Hedera HashgraphOn-Chain Analysis
According to DefiLlama, the total value locked (TVL) of Hedera has grown by 88% since 1st Jan 2023 and currently stands at $44.2 million. This increase is driven by the sustained success of Saucerswap and launch of Heliswap and Bubbleswap, as per Messari report.
Technical Analysis
The two most important metrics in the analysis is price action and volume. Our aim is to trade with trend and trend direction is governed by momentum. When momentum decreases, there is a high probability of market moving sideways.
To determine momentum of trend, we will use price and volume.
1. When price crosses above 7-moving average price or breaks resistance with 7-moving average volume > 21-moving average volume, we can say there is high momentum and lesser probability of price breaking below that particular resistance.
2. When price crosses above 7-moving average price or breaks resistance with 7-moving average volume < 21-moving average volume, we can say there is low momentum and higher probability of price again moving below that particular resistance.
Support level: 0.847
Resistance level: 0.993
RSI: 70 (high momentum)
MACD> signal line
Note:
Note:
Please DYOR before trading/ investing.
Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
Oasis Network: Privacy focused smart contract platformROSE is the token of the Oasis Network Platform and is used for transaction fees, staking, and delegation. According to DefiLlama, total value locked ( TVL ) has increased by approx. $2m in 2023 and currently stands at $22.06m.
Technical Analysis
Price of ROSE has increased by 92% in 2023. In the daily timeframe , the token broke its resistance on 21st Jan 2023 and saw an upward momentum of 43%.
0.07244 level is currently acting as a resistance level and 0.06230 as a support level .
Teak Finance Watchlist: We provide a list of tokens based on our indicators on a daily basis.
Check out the list: in.tradingview.com
Note:
Please DYOR before trading/ investing.
Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
Will GRT continue the rally?GRT is the token of an indexing protocol, Graph. The token has gained over 132.9% in the month of February.
According to Dune Analytics, the total number of users of the protocol has increased by approximately 34% in the past year. The token saw 66% QoQ increase in revenue from query fees, as per Messari report. The increase in on-chain metrics strengthen the
Technical Analysis
Price moved above 0.1493 resistance with high volume, the level of 0.2067 is acting as resistance for the current price. If price moves above this level with high volume, we can further see the gain in price. 20-EMA can be used as a stop loss or entry point.
The Teak Finance screener had selected the coin and has seen a gain of approximately 50%. Have a look at the screener. The screener gets updated on a daily basis and provides a pool of tokens to trade in.
Screener: in.tradingview.com
Note:
Note:
Please DYOR before trading/ investing.
Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
Daily Screener: STXUSDTFrom a pool of thousands of tokens, selecting the right token for trading becomes difficult. Retail investors often invest / trade when the tokens are already up by 60-70%.
To resolve this, we have designed a screener to screen tokens gaining momentum.
Today's screener token: STXUSDT
Screener Logic:
Price (close) > Parabolic SAR
AND
MACD > MACD signal
AND
Supertrend gives buy signal
Timeframe: 1d
Reward to Risk Ratio : 2
Note:
The token selection is based on various technical indicators and there is always the risk of losing money while trading. Please DYOR before trading/ investing.
Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
Follow us for more updates.
BTCUSD - 45M PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.