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Bitcoin is still falling for me, I have two points at the top, I expect it to reach those numbers and react strongly...
There is a strange fall on the way that you won't believe sooner or later, but there is no fuel
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MATIC's value continues to rise post-breakout, yielding a profit of over 20%. Consider taking profits or raising the stop loss to $0.60.
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Educational Post:
An Introduction to Binance Bridge
Currently, there is a bit of an issue in the crypto space. Different blockchains can’t really talk to each other. If you make a Bitcoin transaction, the Ethereum blockchain won’t be able to know that it happened. If we zoom out a little bit and look into the future, this problem will likely be solved somehow with new technology. However, a much faster solution that is already available now is wrapped coins and tokens.
Wrapped tokens let you use coins and tokens native to other blockchains as tokens on a different chain, such as Binance Smart Chain. We’ve already seen how this can work with tokenised BTC on Ethereum. The Binance Bridge Project introduces this concept to Binance Chain and Binance Smart Chain.
What is the Binance Bridge Project?
The Binance Bridge Project is a cross-chain bridging service that aims to increase interoperability between different blockchains. It essentially lets anyone convert selected coins into wrapped tokens (or “pegged tokens”) to be used on Binance Chain and Binance Smart Chain. This brings digital assets such as BTC, ETH, LTC, XRP, LINK, ATOM, DOT, XTZ, ONT, and more to the Binance Chain ecosystem.
By using the Binance bridge protocol, you can access cross-chain liquidity on Binance Chain and Binance Smart Chain with just a few clicks.
How does the Binance Bridge Project work?
Wrapping a coin or token into a Binance Chain version is actually quite straightforward. Using the Binance Bridge service, you can convert cryptoassets between the native blockchain and Binance Chain/Binance Smart Chain. For example, if you transfer USDT from Ethereum to Binance Smart Chain, Binance Bridge will support the cross-chain conversion of Ethereum ERC-20 to Binance BEP-2 or BEP-20. It’s worth noting that these wrapped coins are backed by real coins and tokens on public addresses.
Currently, the Binance Bridge Project supports ERC-20 and TRC-20 cross-chain transfers. As you may already know, ERC-20 is a widely popular token standard on Ethereum. TRC-20 is a similar standard for the TRON network. and TRC-20 cross-chain transfers. As you may already know, ERC-20 is a widely popular token standard on Ethereum. TRC-20 is a similar standard for the TRON network.
CHR is been breakout of the Falling Wedge Pattern which can start a up rally to the upside. Price made a pullback back to the support for a retest. You take some entry over here and target top of the Wedge.
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CHR analysis:
Price is forming in falling wedge pattern on daily time frame. Price is now testing the resistance line of the falling wedge. The support is $0.085 area and this is zone for new entries. An upward breakout of the falling wedge will start a new rally.
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Bitcoin is holding the $30,000 level and trading near it. This is good sign for the market and many altcoins already start pumping. If BTC stables near $30,000 then we see continuation of the upward movement in altcoins.
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The largest short liquidation so far this year. The total liquidations in the past 24 hours is $416 Million.
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Bitcoin Weekly Analysis:
The price has recently broken the major weekly resistance level. Now, we need to observe whether the price will be able to close a weekly candle above this resistance area. The current support area is within the range of $32,000-$32,500. As long as BTC stays above this support range, the market is expected to remain bullish.
LOKA Analysis :
LOKA is been kinda stuck in a range over the major support zone of $0.170 - $0.172 and Resistance Area around $$0.213 - $0.220. Currently, price looks kinda exhausted but holding the Trendline too. We have to wait for the price to give a breakout either side of the level.
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Bitcoin continues the upward movement as expected. This is good sign and we may see a move toward $32,000-$32,500 major resistance. Altcoins will see some positive movement.
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UNFI is been bounced from the support zone and moved around 6.24% in favor. Well, move stops at Breakeven and Price started forming range and might gonna break lower. If price breaks to the upside, then targets will remain the same.
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Glassnode chart shows LTHs increasing their BTC exposure dramatically from mid-2021 onward, “hodling” through the entirety of the subsequent bear market. LTHs network reached the all-time high of 76.2%.
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