It’s basically fundamentals. The most important fundamental in crypto is hype and I believe dot parachains is a potential narrative for the next cycle. Nothing wrong in betting a small amount on GLMR. It is the first running parachain. Tokenomics aren’t good though but they aren’t even bad. Lots of unlocks in the next 12 months so price won’t appreciate much...
Fundamental Development:- Billionaire Elon Musk and Dogecoin (DOGE) co-founder Jackson Palmer are locked in battle on social media over Palmer’s claim that he could remove Twitter bots with a simple Python script.Australian Palmer said in an interview that his script was capable of automatically tweeting replies to scam tweets as a way of indicating that users...
The world’s largest cryptocurrency has developed strong sustainability above the crucial support level of $28K. This certainly indicates that price level might avoid further downfall. The current trading session is looking in potential to form a bullish engulfing candle which may provide bullish breakout among moving averages in future
The MACD level is also...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (29906.37).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
A bearish pennant is a pattern that is similar to a bearish flag. The only difference between a pennant and a flag is the fact that the flag is shaped like a rectangle while a pennant has a triangle shape.
A bearish flag forms after a financial asset forms a major dip. Shortly afterwards, the asset forms a consolidation pattern that resembles a triangle. It has a...
It seems like we have another downtrend, if so, maybe the bottom will be 22k.
Moreover we can see that indicators are pointing in one direction, downwards!!
Fundamental Development:- Spam and bots have been the bane of anyone that uses the internet for years, but recently this digital scourge has ramped up activity in the crypto sector in a big way. Crypto intelligence provider Lunar Crush has revealed spam in the cryptographer has increased by an astonishing 3,894%. The firm has been collecting crypto-specific...
Fundamental Development: The primary use case for cryptocurrency in most wealthy countries is acquiring it and holding it, trading it, or using it in various other ways to make more money. In the developing world, where access to financial and banking systems is limited or nonexistent, innovative humanitarian organizations are piloting micro-blockchain...
Btc can give possible breakout from the observed pattern on the chart long position can be made with the support can be treated as the stop and next resistance can be treated as a target 1 i.e 32k then 35k and 37k
Fundamental Development: If all goes to plan Wednesday’s SpaceX rocket launch in Florida will blast a “crypto-satellite” into low Earth orbit, paving the way for secure blockchain-related cryptography in spaceCryptosat, as the name hints, is the company which created “Crypto1”, a crypto-satellite module hitching a ride aboard a Falcon 9 rocket for SpaceX’s...
Fundamental Development: Core Ethereum (ETH) developer Tim Beiko has outlined a series of suggestions and expectations about the upcoming Merge for application and protocol developers on Ethereum.For the average users of apps and protocols, Beiko simply suggested testing things out to ensure nothing is broken as more tests are executed. The Merge is the highly...
The world’s largest cryptocurrency is been trading between the crucial price zone of $28K to $32K for the past week. It can be considered that BTC is forming a consolidation range on lower levels at regular intervals amid bear market sentiment. The previous consolidation range formulated from $38K to $42K which lasted for almost a month.
On the Fibonacci...
currently i am looking at the wedge and looking for some upside upto 32k and if we break 32k then it would be nice bullish scenario otherwise we come back to bottom of the wedge.
