OSMO analysis:
Price is rejected from the resistance area. You can open long positions if the price comes near the support area. We may see a bounce from the support area.
First Support: $1.50-$1.55
Second Support: $1.34-$1.42
Resistance Area: $1.75-$1.80
Educational Post
What Is Spot Trading?
Spot trading is a direct and immediate form of trading, with transactions settling instantly and without any kind of leverage. It’s one of the most basic forms of trading and can be done with a variety of asset classes, such as cryptocurrencies, stocks, commodities, forex, bonds, and more.
Although spot trading may occur directly between traders, transactions are usually facilitated by an exchange like Binance.
What’s the Difference Between Spot Markets and Futures Markets?
Spot markets execute instant or short-term trades with immediate delivery, while futures markets involve contracts that set delivery for a future date. Spot trading relies on the current market price based on supply and demand. Futures contracts, on the other hand, are based on agreements between buyers and sellers.
What’s the Difference Between Spot Trading and Margin Trading?
Spot trading requires full asset purchase and immediate delivery, while margin trading allows borrowing funds to enter larger positions. Margin trading amplifies both potential profits and losses, offering increased risk and reward.
Bitcoin is currently holding above $65,000, which is a good sign for the market. However, there is a small downtrend line that is acting as a resistance area. The major resistance remains the same at the $69,000-$70,000 area. The support area remains unchanged.
Читать полностью…OGN analysis:
Price tested the support area and immediately bounced from there, indicating a potential opportunity for opening long positions if the price drops towards the support area. We may see a test of the resistance area in the coming days.
Support Area: $0.165-$0.17
Resistance Area: $0.25-$0.265
WAN is moving as expected, and the first target has been achieved. There has been over a 13% profit from the entry point. You can maintain the long position with a trailing stop loss.
Читать полностью…UFT is a permission-less DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: $0.50 - 0.60 - 0.70 - 0.80
Buying #UFT/USDT on Binance
UFT is bouncing from the strong support trendline
A massive bullish Ascending triangle formation is in play and breakout is anticipated which would serve as bullish confirmation for big jump🚀
Link : https://www.binance.com/en/trade/UFT_USDT
Expecting quick 10%-30% gains in short term😊
LRC gave a break to the upside with he market momentum indicating bullishness kicking in. Price already making retest back to the zone and expected a bounce from here. The TP area would be next resistance.
Next Resistance : $0.401 and $0.405
Bitcoin has successfully reclaimed the $65,000 level and is currently trading above it. The market has absorbed the selling pressure, indicating a bullish sentiment. Altcoins have also fully recovered, suggesting a potential continuation of the upward movement.
Читать полностью…Educational Post
What is SocialFi?
SocialFi, short for Social Finance, represents a convergence of decentralized finance (DeFi) principles with the dynamics of social media. This transformative concept aims to reshape the landscape of digital interactions by putting control, ownership, and monetization directly into the hands of content creators and users.
SocialFi empowers individuals by allowing them to directly monetize their social interactions, fostering a more equitable and transparent online environment. At its core, SocialFi introduces many interesting key features.
Key Features
Tokenized social capital provides a means for users to translate their influence and engagement into tangible value. Blockchain-based data storage ensures security and transparency, while decentralized autonomous organizations (DAOs) govern protocols, minimizing the risks associated with centralized decision-making.
How It Works?
SocialFi operates on the premise of allowing users, especially content creators, to monetize their interactions. Drawing parallels to platforms like Patreon, creators can directly engage with their audience without intermediaries, marking a departure from the traditional social media model. Unique elements such as digital ownership through NFTs and DAOs for governance further enhance the user experience.
Bitcoin Dominance has been rejected from the resistance area multiple times. We may see a move towards the support area now. Altcoins will continue the upward movement if Dominance drops to the support area.
Support Area: 51.90%-52.20%
Resistance Area: 54.80%-55.40%
1INCH analysis:
The current price is attempting to surpass the resistance level. We need to wait and see if a candle closes above the resistance area and maintains its position above it. It is not advisable to open any long positions at this point, and it's better to wait for a clear breakout. In the case of a rejection from the current level, the price is expected to drop towards the support area.
Support Area: $0.48-$0.50
Resistance Area: $0.58-$0.60
Educational Post
What Are Modular Blockchains?
Modular blockchains mark a departure from the monolithic blockchain model, opting for a multi-layered architecture that divides primary tasks into specialized functions. By assigning specific functions to different layers, modular blockchains aim to create a more scalable and customizable system without compromising on decentralization or security.
How Modular Blockchains Work?
Modular blockchains often operate by specializing in four main functions: execution, settlement, consensus, and data availability. Execution involves processing transactions, settlement secures transaction destinations, consensus validates transaction authenticity, and data availability refers to the storage of transaction data. This modular design allows for greater flexibility and efficiency, offering a promising solution to the blockchain scalability trilemma.
The market cap of altcoins (TOTAL2) is currently trending upwards and approaching a resistance area. It remains to be seen how the market will respond once it reaches this point, but if it manages to break above the resistance area, it would be a bullish sign. It's important to book profits and practice proper risk management.
Resistance Area: $1.20-$1.25 Trillion
MDX achieved first target. Price made a high of 0.0838, that is more than 17% profit from our entry. Our team is working hard to find good trades. Pin our channel on top to never miss a signal and share it with your friends and family.
Читать полностью…#UFT on verge of breakout on higher timeframe
Things will heat up after breakout so don’t miss this golden opportunity to join the ride🚀
FIDA experienced a significant pump today and is on track towards our third target. We've already gained over 72% profit from our entry. It's a good opportunity to consider either booking profit or holding the position with a trailing stop loss. Our analysis team consistently identifies the best setups in the market. Pin our channel on top to never miss a signal.
Читать полностью…#UFT on verge of breakout on higher timeframe
Things will heat up after breakout so don’t miss this golden opportunity to join the ride🚀
Educational Post
What is Win Rate?
In financial markets, win rate (or win ratio) is a metric that indicates how profitable a trader might be. Typically used in day trading, win rate has become an important way for traders to evaluate their trading strategy. It essentially recognizes the number of winning trades relative to all the trades an individual makes over a certain period.
For example, if an individual trades a total of 10 times and has won 7 of those trades, their win rate is 70% (7/10). The formula for win rate is always the number of winning trades divided by the total number of trades. In calculating their win rate, traders are able to determine if their strategy is working or not.
Win rate vs. win-loss ratio
In addition to the win rate, traders also use the win-loss ratio to track their performance. Unlike the win rate, the win-loss ratio takes into consideration the number of wins relative to the number of losses.
For example, in a total of 20 trades, you win 12 and lose 8. Your win-loss ratio would be 1.5 (12/8). Your win rate, however, would be 60% (12/20 x 100). However, as with our previous example, having a win-loss ratio greater than 1.0 does not guarantee success.
Win rate limitations
It’s worth noting that a high win rate doesn’t always mean profitable success. Being profitable depends on other factors, one of which can be the risk/reward ratio. Even if you have a high percentage win rate, you may still be unprofitable if your stop losses are too large. This, in effect, negates the many smaller wins. The opposite case is also possible.
ETH broke the major resistance area and now trading above it. The next resistance is the $3950-$4000 area and we may see a test of this level. The support level remains the same.
Читать полностью…QTUM analysis:
Price broke through the resistance area and is now rising rapidly. We may see a continued upward movement towards the next resistance area. You can open long positions near the support area with a tight stop loss.
Support Area: $3.50-$3.80
Next Resistance Area: $7.90-$8.60
US spot BTC ETFs have already accumulated over 760,000 BTC (including Grayscale's balance sheet).
Читать полностью…Bitcoin briefly reached the $69,000 milestone before a significant pullback ensued, dropping to the $59,000 support area. However, it quickly bounced back from there. Currently, BTC is making efforts to reclaim the $65,000 level. We anticipate sideways movement between $60,000 and $65,000 throughout this week, with potential for more action next week.
Читать полностью…#NWC Nice jump after our call✌🏻
More than 30% move since our call🚀
Still it have more room for growth as you can see in the chart it’s breaking out after more than 650days of Accumulation 🚀
Coinbase now holds the third position in terms of Bitcoin reserves, as a lot of Bitcoin is moving out from the platform. This trend suggests that Bitcoin is being withdrawn from exchanges.
Читать полностью…EGLD has rebounded from the support area and is moving towards the resistance area. The price is attempting to stay above the resistance area. If you have opened long positions, increasing your stop loss and holding on is advisable. We'll likely see a continuation of the upward movement.
Next Resistance Area: $75-$78