#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
AMB performed as we expected and the price surged from the support zone. Our long position has generated a profit of over 43%, and you can continue to hold the position with a trailing stop loss. The price has also broken through the resistance area and is now trading above it. We may see a continuation of the uptrend in coming days.
Next Resistance Area: $0.016-$0.0165
Market Buying $NWC here
Reason: Monthly chart is parabolic. Strong future developments. Huge rumors about GameFi.
Note: HOLD for 3 Months MINImum and see 100x.
Enjoy 👉 https://www.kucoin.com/trade/NWC-USDT
Don't miss out on this rocket ride to massive profits! 💰
https://x.com/NwcPublic/status/1764669215913472331?s=20
The altcoin market cap (TOTAL2) has broken the resistance area and is now heading towards the next resistance area. Altcoins are pumping, and we may see a continuation of the uptrend. Keep booking profits or increasing your stop loss.
Resistance Area: $1.20-$1.25 Trillion
LRC Analysis:
The price of LRC is currently testing the resistance area, coinciding with a minor downtrend line acting as resistance. A successful break above this resistance would signal bullish momentum and likely lead to a continuation of the upward rally.
Resistance Area: $0.335-$0.350
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.
Bitcoin has broken the $65,000 level and surged towards the $69,000 resistance area. However, the price faced heavy selling pressure and dropped back down to the $65,000 area. The good news is that BTC was able to hold at $65,000 and has since rebounded from that level. It is recommended to maintain a tight stop loss in all open positions. Once BTC surpasses $70,000, there will be no further resistance and the Fear Of Missing Out (FOMO) will be huge.
Читать полностью…#NWC team dropping the biggest bombshell soon! 💣
Get ready for a price explosion fueled by anticipation of biggest announcement by the #NWC team
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Don't miss out on this rocket ride to massive profits! 💰
https://x.com/NwcPublic/status/1764669215913472331?s=20
We will share a guaranteed 50%-100% news based Kucoin Gemcall in 1 hour. Prepare USDT😊
Stay tuned
In February, BTC outflows from centralized exchanges surged, indicating a growing demand for Bitcoin. Additionally, with the upcoming halving reducing new supply, we could be on the brink of witnessing the most significant bull run yet.
Читать полностью…The market started moving as expected on Monday, with Bitcoin experiencing another surge and reaching the resistance area. However, the price is facing heavy selling at this level and is struggling to break through. It remains to be seen how BTC will react to this resistance. If it manages to break above $65,000, it will likely head towards the all-time high resistance of $69,000-$70,000. The support level remains unchanged.
Читать полностью…As expected, WAN has moved and is now attempting to break the resistance line. Wait for a candle to close above this resistance area for new entries. If there is a rejection from here, the price will move towards the support area.
Next Resistance Area: $0.305-$0.32