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ADX (AdEx Network) Token Analysis 27/04/2021Fundamentals: AdEx Network describes itself as a new-generation solution aiming to address and correct some of the most prominent inefficiencies of the online advertising industry. AdEx originated in 2017 as a decentralized ad exchange and subsequently evolved into a full protocol for trading of advertising space/time and the subsequent verification and proof of ad delivery. It covers all interactions between publishers, advertisers and end users. AdEx Network works through micropayments on Ethereum by utilising the OUTPACE layer 2 payment channels, and offers DeFi staking of its native ADX token. The AdEx team also develops an open source platform built on top of the Ethereum implementation of the protocol, available at platform.adex.network Since the public launch of the platform in 2020, it has gained more than 4,000 registered users and has processed 800+ million micropayments on the blockchain. ADX is the native utility token that is used for incentivizing validator uptime and ensuring the smooth running of all advertising campaigns on the AdEx platform. Validators are appointed for each advertising campaign on the platform, and are responsible for processing the micropayments between publishers and advertisers through layer 2 payment channels. The more tokens are staked, the stronger the reliability guarantees of the validator network. As of late 2020, the staking APY is over 50%. By using payment channels, AdEx ensures full transparency for all involved parties. Moreover, AdEx is using its own Layer-2 scaling solution called OUTPACE to facilitate micropayments per impression between its advertisers and publishers, processing more than 2,5 million transactions daily. After successful beta tests, AdEx Network released the AdEx Platform in 2020 and scaled it to 7,000 registered advertisers and publishers generating more than 70 million monthly impressions. In August 2020 AdEx started incentivized staking and liquidity providing programs for the $ADX token, interacting with the DeFi ecosystem and engaging its community into actively supporting the stability of the AdEx Platform. in January 2020, AdEx Network launched the company’s staking portal, where ADX holders can receive rewards for staking their tokens. These rewards were initially limited to a portion of the validator fees paid per campaign on the AdEx advertising platform. In September the same year AdEx staking was expanded to include security mining as well, and soon after a Loyalty Pool was added too, using Chainlink price feeds. learn more on staking here: www.adex.network AdEx Network was created by Ivo Georgiev and Dimo Stoyanov - seasoned entrepreneurs with a track record. The duo is also the powerplant behind the media streaming platform Stremio that has 14+ million users around the globe. Today, a team of 20 professionals works on the AdEx Network advertising platform and staking ecosystem Adex Network launched on June 30, 2017 with 100,000,000 ADX tokens created at that date. In September 2020, the company team performed a token upgrade that allowed for an additional 50 million tokens to be minted. To date, the total number of coins in circulation is 114,160,982 ADX. The live AdEx Network price today is $1.38 USD with a 24-hour trading volume of $4,379,738 USD. AdEx Network is up 10.34% in the last 24 hours. The current CoinMarketCap ranking is #302, with a live market cap of $161,978,711 USD. It has a circulating supply of 117,708,550 ADX coins and a max. supply of 150,000,000 ADX coins. ADX is available on some of the largest exchanges in the world: - Binance: ADX-ETH, ADX-BTC - Bittrex: ADX-ETH, ADX-BTC - Upbit Korea: ADX-KRW - Huobi: ADX-BTC - HitBTC: ADX-ETH, ADX-BTC, ADX-USD - Folgory: ADX-ETH, ADX-USDT - 1inch.exchange - Uniswap V2 - Mooniswap - SushiSwap: ADX-ETH - WazirX: ADX-USDT - CoinDCX: ADX-BTC - IDEX: ADX-BTC - Fatbtc: ADX-ETH - VCC Exchange: ADX-ETH, ADX-BTC - Balancer: ADX-yUSD Technical Analysis: This Token has done its Initialization and Accumulation phase and has shown some impulsion and currently is at the retracement to the Fibonacci Golden Zone of the Entire impulsive cycle. There are few Support Areas below the current price defined by Fibonacci Retracement which can be considered as the very critical point for trend Reversals from Bearish retracement to Bullish Rally... There are total of 3 Targets defined by Fibonacci Projection of the Impulsion and its Parallels Legs levels confluences with the past Price Action Levels. Both 1 and 2 TP are having Strong Confluences with Price's past behavior, so they have significant importance in the Future UP Moves. The 3 TP gets its Confirmation as the price triggers the 2 TP followed by some distribution and retracement for better price correction and Impulsive UP Move's Reaccumulation...
BINANCE:ADXUSDLong
by BitonGroup
1INCH (1inch) Token Analysis 26/04/2021Fundamentals: 1inch is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. In order for a user to find the best price for a swap, they need to look at every exchange — DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXs. DEX aggregators work by sourcing liquidity from different DExs, meaning that they are able to offer users better token swap rates than they could find on any single DEX, in the shortest time possible. 1inch launched in August 2020 after a $2.8 million funding raise from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures and Divergence Ventures. If you are a trader trading large amount of tokens, you may not be aware of all the availability liquidity across different DEXes in order to get the best price quote. Price quote offered by DEX fluctuates according to the liquidity pool at any given time. Also, when you are trading large size, every percentage of savings can be magnified with an optimal trading path. 1inch aims to solve all that in a single user friendly interface. Pathfinder is the discovery and routing algorithm developed by the 1inch team. It is the algorithm the powers the backend to finding the most efficient route to swap a token. For example, if a user wants to sell ETH for WBTC, Pathfinder will explore all DEXes such as Uniswap, Curve, Balancer, DODO, Sushiswap, and more. The result is a recommended route that optimizes fees and liquidity in order to give users the best rate. Users no longer need to check each individual services in order to find the best price. In December 2020, 1inch raised another $12 million in Series A funding, led by Pantera Capital, with others including ParaFi Capital, Blockchain Capital, Nima Capital and Spartan Group. The funding round was conducted through a SAFT sale (simple agreement for future tokens). 1inch in winter 2020 also launched Mooniswap, its own automated market maker (AMM). In December 2020, 1inch launched its 1INCH governance token, and the 1inch Network began to be governed by a decentralized autonomous organization (DAO). 1inch is unique in that it provides instant governance for its users. This feature allows 1inch users to vote for specific protocol settings in the decentralized autonomous organization (DAO) model. 1inch is non-custodial, and all trades take place within one transaction from a user’s Ethereum-based wallet. As of December 2020, Oasis, Kyber Network, Uniswap, 0x Relays and others are integrated into 1inch’s protocol. 1inch was founded by Sergej Kunz and Anton Bukov over the course of the ETHNewYork hackathon in 2019. The two had earlier met during a live stream of Kunz’s YouTube channel (CryptoManiacs), and began entering hackathons together, winning a prize at a hackathon in Singapore as well as two major awards from Ethereum Global. Prior to 1inch, Kunz worked as a senior developer at product price aggregator Commerce Connector, coded at communication agency Herzog, led projects at Mimacom consultancy, and then worked full time at Porsche in both DevOps and cybersecurity. Bukov, currently the CTO of 1inch, had worked in software development since 2002, and worked in decentralized finance (DeFi) since 2017 on products including gDAI.io and NEAR Protocol.. The 1inch token launch was announced in August 2020. At the time, co-founder Sergej Kunz said that the token would be registered with a regulator, but did not specify which. According to Kunz, “the 1INCH tokens are not intended to be securities or an investment. The 1INCH tokens are intended to be used for their consumptive purposes on the 1inch Network, the 1INCH token protocols, and other applications that third parties may develop utilizing the 1INCH tokens and/or the permissionless blockchain-based decentralized 1inch Network." He added at the independent board of the Cayman Islands 1inch Foundation will support the adoption of 1inch tokens. The 1inch token will be used to stake and participate in the governance of 1inch protocols by all holders. The circulating supply on 1inch as of its release day on Dec. 25, 2020 is 6 percent of the total issuance, as well as .5 percent for the first two weeks of the liquidity mining program. The current total supply of 1INCH is 1.5 billion tokens. Of the total token supply, 30 percent was allocated to community incentives, and they will be passed out over the next four years in order to create an incentive for community members to be involved in protocol governance. Over a four-year period as well, 14.5 percent of the total supply will make up the protocol growth and development fund, used to issue grants, bring on developers and repay any users due to unforeseen circumstances. Technical Analysis: The Token is currently at the Retracement Phase, where we can see there are Multiple Support Areas defined by Fibonacci Retracement on its Bearish Pathway, where as each of them are having very significant podetial to Reverse the Bearish Trend to The Long Bullish Rally and send the Price to the New ATH. There are total of 4 Targets Defined by Fibonacci Projection of the initial Impulsive wave and Expansion of the Retracement the 1 TP is -27% of Fibonacci Expansion 2,3,4 TPs are the Projections We get the 4 TP confirmation as the Price Triggers the 3 TP which is the 161.8% (Expansion) level of Fibonacci Projection followed by some price Correction and Retracements.
Long
by BitonGroup
6
BLZ (Bluzelle) Token Analysis 21/04/2021Fundamentals: Bluzelle is a decentralized data layer for dapps to manage data in a secure, censorship-resistant and highly scalable manner. Bluzelle is powered by Cosmos and its BFT technology Tendermint, making it compatible with various blockchains. As developers continue to build Dapps, relying on centralized databases by AWS, Microsoft and others is a centralized point of failure. True freedom requires the full stack to be decentralized, not just one part. That’s where Bluzelle aims to provide a critical piece in the advancement of Defi, supply chains, gaming, and other Web 3.0 sectors. 1.Bluzelle’s core products are all related to data and powered by its Tendermint Blockchain: 2.Bluzelle DB - a decentralized database for software developers to store information 3.Bluzelle Oracles - a truly decentralized pricing oracle that provides high speed and high security for Defi applications 4.Bluzelle Staking - where BLZ holders can currently stake their tokens and earn rewards for providing storage and pricing data. BluzelleNet powers the entire ecosystem as a 10,000 TPS Proof-of-Stake network. Becoming a validator was designed to be an easy process with minimal technical knowledge. The vision is to have a network of tens of thousands of nodes working together to provide the most available and secure database in the world. Bluzelle wants every device to become a node, from computer hard drives to video game consoles to mobile phones. Those who do not want to become a validator can delegate their tasks to another validator, ensuring everyone can be part of the network and generate fees. Pavel Bains and Neeraj Murarka founded Bluzelle to address the fragmented data link in the blockchain and DeFi space. Both Pavel and Neeraj hold extensive technological experience with a demonstrated history of working with major global players. Pavel previously co-founded Storypanda, a digital book platform amassing the attention of acclaimed titles by DreamWorks, Warner Bros, and more. With a deep understanding of financial aspects, Pavel actively led the GM and CFO roles at Disney, handling budgets of tens of millions of dollars across 4 continents. Neeraj is an engineer and computer systems architect holding extensive experience of 20 years working with global players including Google, IBM, Hewlett Packard, Lufthansa, and Thales Avionics. The Bluzelle team members have worked for Disney, Sony, Google, Lufthansa, Electronic Arts. They are recipients of the Technology Pioneer Award by the World Economic Forum and named Forrester as a top blockchain vendor in Asia. Its team is based in two locations, Singapore and Vancouver (Canada). Bluzelle is backed by industry funds like NGC, Hashed, KR1, and Kenetic. Bluzelle has building an ecosystem of partners to enhance use of its database and oracles product: Cosmos/Tendermint Polkadot Polygon (formerly Matic) Ankr Equinix (NASDAQ $50B Company) The live Bluzelle price today is $0.389196 USD with a 24-hour trading volume of $35,338,335 USD. Bluzelle is up 2.75% in the last 24 hours. The current CoinMarketCap ranking is #385, with a live market cap of $111,284,391 USD. It has a circulating supply of 285,934,224 BLZ coins and the max. supply is not available. The top exchanges for trading in Bluzelle are currently Binance, Huobi Global, CoinTiger, MXC.COM, and BiONE. Technical Analysis: The Token has done its initialization and Accumulation Phase and Completed An Impulsive cycle where currently is Reneging on the Retracement Phase, We can see clearly the Price Has touched the 261.8% of Fibonacci Projection of the First Impulsive wave, after the Accumulation Phase and now is renege bounding in the Parallels legs of the same Projection after the Distribution of 261.8%. There are chances that the price Continue its Retracement to the lower levels which are defined by Fibonacci Retracement and Specified on the chart where as most Probably they will stand and Bounce Up the Price. There are total of 3 Targets Defined by the Fibonacci Projection and Total of 2 Support areas by Fibonacci Retracement and 1 low of the Projection
Long
by BitonGroup
4
BNT (Bancor) Token Analysis 14/04/2021Fundamentals: Bancor consists of a series of smart contracts that manage the on-chain conversion of tokens. The protocol makes it effortless and quick to convert tokens without having to go through an exchange. The protocol's smart contracts manage the liquidity pools that connect various tokens available in the network. The major token used on the network is the “Bancor Network Token,” BNT. Currently, Bancor and Uniswap are the frontrunners for this new DeFi trend. Bancor enables the seamless conversion of tokens used in the network. This removes the need for an exchange or third-party platforms. The protocol also maintains several self-governing pools for tokens supported by the network. The uniqueness of Bancor is in their goal to create liquidity for altcoins and to remunerate liquidity providers. The protocol monotonously converts various crypto tokens into other tokens, including those running on other blockchains, without the interference of a third party. BNT, the protocol’s main token, is the default for all smart tokens created on the network. Bancor’s creation of smart tokens is the first of its kind to be built via blockchain technology. The protocol’s main objective for creating smart tokens is to provide a lasting solution to liquidity problems, hence making it different from other market makers. The protocol’s smart token allows traders to provide liquidity for the pools available on the network. Anyone can contribute liquidity to the pools. When liquidity providers contribute liquidity to a pool, they are eligible to receive rewards for trades that pass through the pool. Liquidity providers will receive pool tokens that represent a percentage of their total stake. Bancor was founded by Eyal Hertzog, Yudi Levi, and Galia and Guy Benartzi in 2017. It was named "Bancor" to honour John Maynard Keynes, who came up with the word 76 years ago to describe a supranational currency. Eyal Hertzog is the product architect of the protocol, BNT, and other products that utilize the network. He is a known voice in the crypto industry and has been a technology entrepreneur for over 20 years. He previously founded MetaCafe, a top video sharing site in Israel with over 50 million users. Guy Benartzi is the chief executive at Bancor. He also co-founded Mytopia in 2005, a company that develops cross-platform games for users on social networks. Galia Benartzi has been a technology entrepreneur for many years, and is a co-founder of the Bancor protocol. At Bancor, she is the business developer. She is also the CEO and founder of Particle Code. Yudi Levi is the CTO at Bancor. He has been a technology entrepreneur for over 20 years. He previously co-founded AppCoin, an app that allows communities to create their own currencies. In January, Bancor made a move to provide more liquidity and awareness for its native token. Therefore, it distributed some ETH/BNT valued at $60,000 into various wallets that were holding a required minimum of BNT. In 2017, the protocol raised more than $144M during its initial coin offering. The protocol allows other tokens to be liquidated as well. However, these tokens (also called reserve tokens) must comply with ERC-20 or EOS standards. Bancor ecosystem supports a two-way token model: liquid tokens and relay tokens. A liquid token is an automated token with a single reserve that mints and destroys itself. It does this either by sending the reserve token to its smart contract or removing it from the smart contract. In order to use Bancor Network, a liquid token must have its reserve token either in BNT or a derivative of BNT. On the other hand, relay tokens are used in staking to provide liquidity. The token holders will get a percentage of the future earnings of Bancor. Relay tokens indicate the proportion of amount staked to the total value in the pool. As at the time of this writing, Bancor has facilitated over $2 billion trades involving several tokens, as well as cross-chain tokens. The network has made millions through staking, which are distributed to BNT token stakers. Several exchanges that support BNT include Binance, Coinswitch and ZenGo The live Bancor price today is $7.13 USD with a 24-hour trading volume of $132,660,982 USD. Bancor is up 2.30% in the last 24 hours. The current CoinMarketCap ranking is #83, with a live market cap of $1,272,103,055 USD. It has a circulating supply of 178,430,973 BNT coins and the max. supply is not available. The top exchanges for trading in Bancor are currently Binance, Huobi Global, OKEx, CoinTiger, and FTX. Technical Analysis: The token has done its Initialization and accumulation phase followed by Some Move UP and Distribution. Currently this token is at the consolidation and Reaccumulation phase and it has very high chances of Repumping and start of its new Impulsive cycle. There are some chances that the price Falls to the Fibonacci Golden Level where it can Starts its New Rally from there. There are total of 3 Targets Defined by Fibonacci Projection where as we get the 3 TP confirmation as soon as the Price triggers the 2 Target followed by some Price Correction and retracement in the Parallels Leg zone of the same fib projection.
Long
by BitonGroup
10
CHZ (Chiliz) Token Analysis 13/04/2021initial Analysis where we had our initial Token Purchase and opened Derivatives Contracts where we Achieved our Targets. www.tradingview.com Fundamentals: Chiliz is one of the largest blockchains for esports and gaming crowdfunding. Officially launched in 2019, the idea for Chiliz and the platform Socios.com were initially conceived in 2016. Chiliz is a token designed to allow fans to support their favorite sports teams through blockchain-based interactions. The Socios.com platform also aims to allow fans to buy tokenized voting rights for the teams they support. Football club Juventus was the first to launch a team token through the Socios.com website. Since then, more than a hundred different teams have joined the platform. Chilliz has attracted the attention of competitors from a wide array of sports, including football, basketball, and esports teams. Chiliz and Socios.com claim to be the first platforms to build a bridge between blockchain technology and the sports world. By issuing blockchain-based tokens, Chiliz ensures that fans have their investment secure and protected while participating from anywhere in the world. Chiliz and Socios.com allow sports fans to participate in the management of their favorite teams. By buying fan tokens, users secure voting rights and participate in votes announced by the teams on Socios.com. This further boosts the decentralization features offered by the Chiliz blockchain. The Chiliz blockchain relies on a proof-of-authority (PoA) side chain consensus mechanism for security. Unlike proof-of-work (PoW) and proof-of-stake (PoS), PoA relies on the reputability of already established validators for the creation of new blocks. To make transaction processing as fast as possible, the PoA consensus relies on a Byzantine Fault Tolerance (BFT) algorithm with identity as a stake. It is more cost-effective than the PoW consensus in terms of electrical and computing power consumption. Alexandre Dreyfus is the founder and CEO of both Chiliz and Socios.com. His professional portfolio includes numerous CEO positions. Dreyfus has also founded Webcity, a city tour-guide platform used across Europe. He has played a founding role in the creation of Winamax, the first-ever French online poker platform. Alexandre Dreyfus graduated from Lycee Jean Perrin in 1995. Emma Diskin is the chief operating officer at Chiliz. She has been with the company since 2018 and has moved up the ranks, starting with a communications director position. Her professional career began as an account manager for Freud Communications in 1999. Since then, she has been an employee for brands like the Daily Mail and ITV, before joining Chiliz and Socios.com. Max Rabinovitch is the chief strategy officer for Chilliz and Socios.com. He graduated in fine arts and psychology from the University of Colorado Boulder in 2008. Rabinovitch’s professional experience began as a head copywriter for Intersog in 2010. A year later, he became the creative director for ComboApp Inc. Since 2014, Rabinovitch has been an integral part of the Chiliz team. Chiliz (CHZ) has a total and maximum supply of 8,888,888,888 tokens. The circulating supply as of March 2021 is about 5,441,098,420 CHZ tokens. Of the total CHZ token supply, 34.5% were distributed through a pre-sale event and additional token sales. Another 20% of tokens were set aside as a userbase reserve, dedicated for future users of the Socios.com platform. Around a sixth of all tokens were directed towards strategic acquisitions. About 7.5% of CHZ tokens were given as an incentive to seed investors. Finally, 5% of tokens were given as a reward to the team and 3% were distributed among the advisors of the project. The live Chiliz price today is $0.511672 USD with a 24-hour trading volume of $1,123,683,811 USD. Chiliz is up 8.87% in the last 24 hours. The current CoinMarketCap ranking is #45, with a live market cap of $2,858,383,305 USD. Technical Analysis: As you can see the price has done its Initialization and accumulation followed by a big impulsive cycle and retracement to the Fibonacci Retracement Gulden Zone. Currently is Consolidating and reaccumulating at the Fibonacci Golden Zone. There are possibilities that the price fall to the Support area before Starting the Second Impulsive cycle to the higher Levels. There are total of 3 Targets Defined by Fibonacci Projection of the Initial Impulsive wave where as the 3 TP gets its confirmation as the 2 TP gets triggered followed by some Price Correction and Reaccumulation. Sentimental Analysis: as we have seen the aggressive behavior of this Token, followed by its Inclination towards the Proper retracement and settling for reaccumulation and the Strong Fundamentals and Daily Increasing its Market Cap, we can feel a very Bullish Sentiment around this Token
Long
by BitonGroup
16
DATA (Streamr DATAcoin) Token Analysis 13/04/2021Fundamentals: Streamr is a distributed open-source project, crowdfunded in 2017. The project's goal is to build the decentralized infrastructure for real-time data, replacing centralized message brokers with a global peer-to-peer network. By relying on cryptography instead of trust, the open-source network aims to enable data sharing and monetization in IoT and smart cities, business consortia, individual crowd selling through Data Unions and the decentralized web (Web 3.0). The Streamr tech stack includes a pub/sub messaging network, data marketplace to trade and crowdsell real-time data, and a real-time data toolkit. The live Streamr price today is $0.207965 USD with a 24-hour trading volume of $24,721,262 USD. Streamr is down 3.88% in the last 24 hours. The current CoinMarketCap ranking is #301, with a live market cap of $180,773,471 USD. It has a circulating supply of 869,250,679 DATA coins and the max. supply is not available. The top exchanges for trading in Streamr are currently Binance, BiONE, HitBTC, BKEX, and Bitfinex. Technical Analysis: The Token has done its initialization and Accumulation phase followed by an impulsive wave. currently the price is at the retracement phase after a distribution at the 61.8% or the Golden zone of the Fibonacci Retracement There exist a strong support area at 0.125USD There are total of 3 Targets Defined by Fibonacci Projection where as the 2 TP is confirmed and 3 TP gets its confirmation after the 2 Target achievement followed by some retracement and price correction.
Long
by BitonGroup
10
COS (Contentos) Token Analysis 12/04/2021Fundamentals: Contentos is a decentralized global content ecosystem invested by Binance Labs (the blockchain incubator of world’s largest exchange, labs.binance.com), DHVC and various class-leading funds. Contentos TestNet was launched and its real-time network status can be viewed on Contentos Block Explorer (explorer.contentos.io). It aims to create a decentralized content ecosystem, where assets can be freely produced, authenticated, and distributed. The team consists of experts from the content industry, who have worked on top-tier consumer applications and blockchain projects. Contentos is not only a blueprint for what digital content ecosystem might look like in the future but we have multiple working use cases: Contentos is working with strategic partners, LiveMe and Cheetah Mobile, that have amassed over 60+ million monthly active users. With real-time user feedback, Contentos will become a premier blockchain project as it places the interest of users first. the Clients does not require KYC for trading on the exchange, withdrawal and deposits. Contentos price today is $0.03918404 with a 24-hour trading volume of $39,611,482. COS price is up 2.1% in the last 24 hours. It has a circulating supply of 3 Billion COS coins and a max supply of 10 Billion. Binance is the current most active market trading it. Technical Analysis: the Token has done its Initialization and Accumulation Phase and has shown an impulsive wave and Move Up Cycle the Price has touched the 161.8%(Extension Level) of the Fibonacci Projection of the first Accumulation and impulsive wave which means the price is going to touch the 261.8% of the same Fibonacci Projection which is the 1 TP followed by some retracement and 2 TP.
Long
by BitonGroup
3
AKRO (Akropolis) Token Analysis 06/01/2022Fundamental Analysis: Akropolis is a company that operates an Ethereum-based decentralized finance protocol that seeks to provide an autonomous financial ecosystem for saving and growing wealth, including through borrowing and lending. To do so, it offers a series of products including AkropolisOS, a framework for developing for-profit decentralized autonomous organizations, Sparta, a platform for uncollateralized lending, and Delphi, a yield farming aggregator and tool for dollar-cost averaging. The project uses an ERC-20 token, AKRO, for protocol governance across its suite of products. Akropolis was first announced in March 2018, launching on the Ethereum mainnet in June 2020. Akropolis was conceived as a distributed savings and pensions fund — a solution to what it described in its initial announcement as ""a looming pension deficit apocalypse"" resulting from the inevitable collapse of state pensions systems. But in August 2020, the company stated that it had shifted its focus to building the underlying framework for such a system by creating AkropolisOS to allow for the rapid launch of for-profit capital pools. AkropolisOS is a Solidity-based, modular framework for the creation and management of distributed capital pools and serves as the base for the company's Sparta and Delphi platforms, with the former providing access to uncollateralized loans. Akropolis has claimed that unlike other DeFi protocols, its products reduce the risk associated with these loans by providing community incentives in the form of AKRO to those who provide accurate risk assessments. The company provided some insight into its business model in December 2018, reporting that it would focus on building a pipeline of institutional partners and clients, developing technology and academic partnerships, and building out the Akropolis ecosystem. It also holds a significant number of AKRO to be used for internal operations such as marketing and partnership building. The Akropolis suite of products utilizes a governance token, AKRO, to help secure its protocol. As an ERC-20 token, AKRO transactions rely on the Ethereum blockchain's proof-of-work consensus algorithm to validate any on-chain records. With a PoW consensus, miners compete among each other to add new blocks to the blockchain, and a majority of all nodes in the network must confirm a record for it to be posted. In August 2019, the smart contracts for AKRO were audited by blockchain security firm CertiK. The company found that the smart contracts — after Akropolis implemented some suggested changes — were ""structurally sound and not vulnerable to any classically known anti-patterns or security issues."" In August 2020, Akropolis reported that there had been several attempted, but unsuccessful, hacks of its smart contracts. As a result, it moved all unlocked ARKO still in smart contracts to custodial wallets with higher-grade, institutional security. Later that month, it announced a bug bounty program, with rewards paid in AKRO or stablecoins to those who report a previously undiscovered security flaw. Akropoli was founded in 2017 by Ana Andrianova, with Kate Kurbanova joining later as a co-founder. Prior to starting Akropolis and serving as its CEO, Andrianova co-founded and was managing director of Apiro Capital, a data- and technology-driven investment management firm, in addition to founding private equity advisory firm Sirin Capital. She has additional investment experience from serving as a fund manager for the Lehman Brothers and an emerging markets hedge fund analyst for Emergent Asset Management, where she was responsible for private equity fund strategy. In addition, Kurbanova has served as an advisor for The Bee Token, the Web3 Foundation, Tenzorum and OpenMaker. Kurbanova first began with Akropolis in January 2018 as an advisor and was officially brought on as a full-time employee in June 2018, recognized for her contribution to the project by being named its co-founder. Prior to Akropolis, Kurbanova was head of analytics at crypto-asset intelligence company Cindicator, where she developed research tools and methodologies as well as co-authored the company's CND token model and white paper. She has also served as a community and product advisor for Svandis. Akropolis has a fixed maximum supply of 4 billion AKRO tokens. The company carried out two initial private token presales between January 2018 and June 2018. The first round was for investors, advisors and strategic partners, while the second was for active community members. The two sales combined represent 22.5% of the total token supply, and the AKRO sold was locked up for two months following its public sale, vesting monthly for another 12 months. 460 million AKRO — 11.5% of the total supply — was released to form the initial circulating supply once the token was listed publicly on cryptocurrency exchange Huobi Global in July 2019, with 8% going to the exchange and 3.5% going to the company. All additional AKRO was subject to lock-up periods following its public listing on the exchange. 9.5% was reserved for team members and advisors, with a one-year lock-up and vesting monthly for 12 months — later extended to January 2021; 14% for marketing and community initiatives, with a two-month lock up and vesting 2%, 1.5%, 1%, 2.5%, 4% and 3% of the total supply each month, respectively; and an additional 42.5% for the company, with 40.5% having a one-year lock-up and vesting monthly over two years, and 0.5%, 0.5% and 1% of the total token supply being unlocked after 90, 120 and 180 days, respectively. Updates to Akropolis' vesting schedules are made publicly available on an online spreadsheet. The current CoinMarketCap ranking is #499, with a live market cap of $75,040,548 USD. It has a circulating supply of 3,481,910,214 AKRO coins and the max. supply is not available. If you would like to know where to buy Akropolis, the top cryptocurrency exchanges for trading in Akropolis stock are currently Binance, FTX, CoinTiger, Huobi Global, and KuCoin. $AKRO | Interview with Ana Andrianova Founder & CEO of Akropolis: www.youtube.com some more Fundamental Analysis on it DOT DeFi: www.youtube.com Technical Analysis: in this chart we can see the price has already retraced to the 78.6% level of its ATH and currently consolidating and Reaccumulating at this level. we have defined a Support level using Price Action Analysis and there are 4 Targets Defined using Fibonacci Trend Based Extension. the 3th Target and above shall gets confirmed if the Trend touches the 2 TP which is 161.8% of the Fibonacci extension level followed by some retracement to the Parallels legs levels and rebunce back up to follow the rest Targets.
Long
by BitonGroup
16
TOTAL (Crypto Total Market Cap) Index Analysis 05/01/2022Fundamental Analysis: a very simple way of Fundamentally analyzing this Index is to look for the other markets indices including US and Europeans ones, such as Dow Jones and S&P 500, it is very observable that these Equity Markets are very much inflated and shall Retrace to the lower levels and correct themselves and get converged to their intrinsic values. in other word we can say the liquidity shall get diverted from these markets to some other Asset Class, this means gold and silver as well as Digital Assets which are Cryptocurrencies and their underlying technology such as Blockchain and even their future Projects like DeFi and related Financial and Applied Areas. By looking at the current statues of the Equity Indices and analyzing them we can come to the conclusion that these markets are doomed to fall soon hence a massive transaction of their liquidity to these new Asset class. lets look at some of our analysis on these Indices such as DJI: US 500: it seems very obvious to us that the collapse of these markets shall Couse a huge rise on other alternative markets assuming the minimum retracement or fall of 20% for each market and considering their Market capitalization of 40.7 Trillion for US500 and 10 Trillion Dollars of DJI and of course the market capital of other European markets. the Domino effect of markets fall shall consequences to the other markets fall around the world, we can expect minimum of 4 to 10 Trillion dollars of Liquidity shifts from these markets to the Crypto currencies Industry and ecosystems. these massive amount of liquidity shift shall Couse a huge pomp and rise in the new and even old Projects on various sectors of Crypto world. mean while we may have some more fall of the Total Market Capitalization of cryptos to lower levels due to some existing fear and Rug pool and Scam Projects but these events should not be having any long term effect and can get recovered on a very fast pace. the other factors of the wealth transition to the decentralized finance world can be the totalitarians policies and dids of the different establishments around the world such as China, India, middle east counties, or even the implode of some dictatorships systems Like turkey and Iran which will drive the Public funds to more stable and liquidly asset class such as cryptos. the world banking system too has lots of over leveraged Projects which can be liquidated and Couse a huge market collapse and distrust with their investors the public which will eventually Couse the wealth transition to the decentralized transparent venues such as Blockchain based Cryptocurrencies. Technical Analysis: There exist A Hidden Bullish Divergence of Price with MACD, it occurs on a Bullish trend and it is a very significant Sign of Bullish trend continuation. the Hidden Bullish Divergence is specified with the Green connecting lines. we draw the Fibonacci retracement from the low point of 0 to the ATH where we can see the dips of the Price falls are having perfect confluences with the Retracement Levels of Fibonacci hence we defined our two Targets using the same Fibonacci extension Levels. as the Markets fall chances are still exist, we can use the retracement levels of the Fibonacci to specify the support areas and the market Reaccumulating zones for its new bullish trend initiations.
CRYPTOCAP:TOTAL
by BitonGroup
2
BTC (Bitcoin) Coin Analysis 14/05/2021Fundamentals: Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use. Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. The entire cryptocurrency market — now worth more than $950 billion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies. Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that fluctuated between $100-$200 billion in 2020, owing in large part to the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more. Bitcoin is secured with the SHA-256 algorithm, which belongs to the SHA-2 family of hashing algorithms, which is also used by its fork Bitcoin Cash (BCH), as well as several other cryptocurrencies. Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. However, the latter store-of-value function has been debated. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units. The top crypto is considered a store of value, like gold, for many — rather than a currency. This idea of the first cryptocurrency as a store of value, instead of a payment method, means that many people buy the crypto and hold onto it long-term (or HODL) rather than spending it on items like you would typically spend a dollar — treating it as digital gold. The most popular wallets for cryptocurrency include both hot and cold wallets. Cryptocurrency wallets vary from hot wallets and cold wallets. Hot wallets are able to be connected to the web, while cold wallets are used for keeping large amounts of coins outside of the internet. Some of the top crypto cold wallets are Trezor, Ledger and CoolBitX. Some of the top crypto hot wallets include Exodus, Electrum and Mycelium. The Lightning Network is an off-chain, layered payment protocol that operates bidirectional payment channels which allows instantaneous transfer with instant reconciliation. It enables private, high volume and trustless transactions between any two parties. The Lightning Network scales transaction capacity without incurring the costs associated with transactions and interventions on the underlying blockchain. Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2020, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others. Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins. New coins are created during the process known as “mining”: as transactions are relayed across the network, they get picked up by miners and packaged into blocks, which are in turn protected by complex cryptographic calculations. As compensation for spending their computational resources, the miners receive rewards for every block that they successfully add to the blockchain. At the moment of Bitcoin’s launch, the reward was 50 bitcoins per block: this number gets halved with every 210,000 new blocks mined — which takes the network roughly four years. As of 2020, the block reward has been halved three times and comprises 6.25 bitcoins. Bitcoin has not been premined, meaning that no coins have been mined and/or distributed between the founders before it became available to the public. However, during the first few years of BTC’s existence, the competition between miners was relatively low, allowing the earliest network participants to accumulate significant amounts of coins via regular mining: Satoshi Nakamoto alone is believed to own over a million Bitcoin. Mining Bitcoins can be very profitable for miners, depending on the current hash rate and the price of Bitcoin. While the process of mining Bitcoins is complex, as we wrote above, mining Bitcoin is best understood as how long it takes to mine one block, as opposed to one Bitcoin. The current valuation of Bitcoin is constantly moving, all day every day. It is a truly global asset. From a start of under one cent per coin, BTC has risen in price by thousands of percent to the numbers you see above. The prices of all cryptocurrencies are quite volatile, meaning that anyone’s understanding of how much is Bitcoin will change by the minute. However, there are times when different countries and exchanges show different prices and understanding how much is Bitcoin will be a function of a person’s location. The live Bitcoin price today is $50,273.75 USD with a 24-hour trading volume of $67,589,236,096 USD. Bitcoin is up 0.33% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $940,615,599,685 USD. It has a circulating supply of 18,709,875 BTC coins and a max. supply of 21,000,000 BTC coins. Technical Analysis: As you can see the Coin has done its Reaccumulation Phase followed by series of impulsive waves and it has already made the All Time High of 64850$, which Followed by Some Distribution and Plunges to the 46000$. According to our Analysis and speculation, there has to be some retracement and price Correction to the lower levels of the Past Bullish wave in order for the coin to regain its Bullish rally Strength for the higher highs Burst. By using Fibonacci Retracement tool, we can specify some Certain Retracements and Support Levels, where we can expect the Price to fall, and if they Could stand, the Price Shall Bounce back up from them, and if broken then the lower next on the line shall be tested. According to our experience and Observation of Cryptocurrencies Behavioral Movements, and on the general note, we can consider the 78.6% level (17000$) of Fibonacci retracement to be the Golden zone for the crypto currencies, as 61.8% level is for other assets such as Forex and Equites as it has shown les Significant Support on the higher Volatile Assets such as Cryptos. there are few Targets defined by the Fibonacci Expansion of the same Bullish Wave. the 2 TP (103000$) will be confirmed if the 38.2% level (41000$) Fibonacci Retracement, Immediate Support Stands and Price could bounce back UP from the same level. there are 3 Vertical White Dotted Lines on the chart specified by Fibonacci Time Zone and they can show us the Time and Date when we can expect to see the price on some certain levels of retracement or rally... As the Bitcoins Price Plunges so does its dominance, and we can Expect the Altcoins gets Pump from its Dump.
Long
by BitonGroup
28
EURUSD (Euro/USD) currencies Shorting Chance Fundamental Analysis: Based on the fundamental analysis of EUR/USD, there are indications of a shorting bias. Here's a comprehensive analysis based on the provided information: The recent price action and market sentiment suggest a potential shorting opportunity for the EUR/USD currency pair. Last week, the pair experienced a significant rally, posting its largest one-week gain of 2023, driven by broad-based selling pressure on the US Dollar (USD). However, despite the recent uptrend, the pair remains technically overbought in the near term, implying a possible reversal may be on the horizon. One of the key factors contributing to the shorting bias is the negative shift in risk sentiment. Cautious market sentiment is evident at the beginning of the week, with the Euro Stoxx 50 Index down more than 0.5% and US stock index futures trading modestly lower. If safe-haven flows dominate the financial markets in the second half of the day, it could limit the upside potential of EUR/USD and support the shorting bias. Moreover, the European Central Bank (ECB) has signaled its intent to continue tightening its policy, as revealed in the accounts of the ECB's June policy meeting. This suggests that investors may be hesitant to bet on a steady pullback in EUR/USD, further supporting the shorting bias. In terms of price levels, the 1.1000 psychological level is a key area to monitor. A confirmed break below this level could potentially set up a run towards the 1.0800 level, which represents a two-year low. The widening yield differential between US Treasury bonds and Bunds, along with potential inflationary pressures in the Eurozone, may contribute to the downside pressure on EUR/USD. It's essential to consider that fundamental analysis provides insights into the market's underlying factors but does not guarantee specific price movements. It is crucial to combine fundamental analysis with technical analysis and risk management techniques to make informed trading decisions. Please note that the information provided is based on the current market conditions and is subject to change. It is always recommended to conduct further research and analysis before making any trading decisions. Technical Analysis: Based on technical analysis, there appears to be a shorting opportunity in the EUR/USD currency pair. Several indicators suggest a bearish bias, including bearish divergence between the price and the MACD (Moving Average Convergence Divergence) indicator, as well as confluences of Fibonacci levels indicating potential resistance in the golden zone. The target for this short trade is set at the 1.27% Fibonacci extension level. Firstly, bearish divergence is observed between the price and the MACD. This occurs when the price forms higher highs, indicating potential strength, while the MACD indicator forms lower highs, suggesting underlying weakness. This bearish divergence signals a possible reversal in the upward trend of the EUR/USD pair. Additionally, the presence of Fibonacci confluences in the golden zone adds further weight to the bearish bias. The golden zone typically represents a range between the 38.2% and 61.8% Fibonacci retracement levels. The confluence of multiple Fibonacci levels within this zone serves as a potential area of strong resistance, which strengthens the case for a shorting opportunity. In terms of trade execution, the target for this short trade is set at the 27% Fibonacci extension level. The Fibonacci extension levels are projected beyond the original price range and serve as potential price targets for the continuation of the downtrend. It is important to note that technical analysis is not infallible, and it is always prudent to incorporate risk management strategies and consider other fundamental factors before making trading decisions.
Short
by BitonGroup
XAUINR (Gold / Indian Rupees) Commodities Analysis 11/01/2023Fundamental Analysis: As we know the world is Struggling on the edge of an other huge economic crash and a big crisis to come, this may lead to manufacturing and production freeze and ultimately may cause the demand collapse and price fall. Russia has pegged its Currency with gold and literally trades its commodities and energy with gold. as we know the Westerns democrats and Lefties are tightening up with Globalists and trying to capture the Nationalists. the current battle between the Russia and Ukraine is one of the main reasons that they are trying to capture the nationalist nation and start of the new word order. as Russia, India, many other nationalist governments have already tiled up their reservoirs with gold we can expect that the Gold monopolist may release huge Supply to oppress the gold price and consequently weaken these nations Power. ultimately we can predict the rice of gold may fall for some short period of time. Technical Analysis: There exist a Bearish Divergence of Price and MACD which is the indication of the Bullish Trend reversal and Price correction. Using Fibonacci Retracement Tool we can define the Retracement target of 61.8% which is 102000Rs in case of price fall. incase of rally continuation we can expect the price to touch the 161.8% of the Fibonacci Expansion which is our Bullish Target at 208000Rs. What do you thinks? please comment your Ideas and insights
FX_IDC:XAUINR
by BitonGroup
1
XCUUSD ( COPPER / USD ) Commodities Analysis 10/01/2023Fundamental Analysis: china is the biggest copper consumer and as of now we can see the most of its manufacturing plants and factories are getting shut due to Protests and ongoing havoc in the country. DXY is very bullish which can go up to 130 and ultimately will result in the more price fall in the commodity sections. World economic Crisis and Supply chain Disturbance which will lead to the Manufacturing Halt. Technical Analysis: Bearish Divergence of Price and MACD, Hidden Bearish Divergence Formation in the process which is a very strong Bearish Trend continuation sign. Nest Resistance and Potential Pivot Point 9500$ lower Support at 8450% Bearish Targets: 5800$, 5250$, 4300$
COMEX:HG2!
by BitonGroup
2
IRFC (Indian Railway Finance Corporation) Stock Analysis Fundamentals: Indian Railway Finance Corporation (IRFC) is a wholly owned subsidiary of the Indian Railways. It raises financial resources for expansion and running through capital markets and other borrowings. IRFC started borrowing from the market in 1987–88. Indian Railway Finance Corp (NS:INID) (IRFC) was set up on 12th December 1986 as the dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets. IRFC is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India. It is also registered as Systemically Important Non–Deposit taking Non-Banking Financial Company (NBFC – ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI). The Company’s principal business, therefore, is to borrow funds from the financial markets to finance the acquisition/creation of assets which are then leased out to the Indian Railways. IRFC has funded the acquisition of 8998 locomotives, 47910 passenger coaches, 214456 wagons, which constitute around 70% of the total rolling stock fleet of Indian Railways. The Company has been assigned the additional task of funding Railway Projects through Institutional Finance to the extent of Rs.1.50 Lakh Crore by 2019-20. IRFC has also been lending to various entities in the Railway sector like Rail Vikas Nigam Limited (RVNL), Railtel, Konkan Railway Corporation Limited (KRCL), Pipavav (NS:RELV) Railway Corporation Limited (PRCL) etc. For IRFC, the Government of India has remained the largest client, and that will remain so at least for the next 8-10 years because of the execution of the National Rail Plan, under which the government aims to spend 10-lakh crore to augment rail capacities and improve the infrastructure around it. The finance arm of the Indian Railways, Indian Railway Finance Corporation (IRFC) is in talks with the National High-Speed Rail Corporation Ltd (NHSRCL) to finance the extended portion of the Ahmedabad-Mumbai High-Speed Rail Project. Indian Railway Finance Corporation (IRFC) reported a 15 per cent increase in net profit for the third quarter ended December 31. For the nine months period ended December 31, IRFC reported a 15.65 per cent increase in net profit. IRFC is trading at a price of INR 23.90. This is a dividend-paying company. IRFC raises money through financial bonds and from banks and financial institutions. The company announced its initial public offering on January 18, 2021 and got listed on the National Stock Exchange of India / Bombay Stock Exchange on January 29, 2021. we believe that as soon as the Covid-19 Pandemics Comes Down and the markets reopen where as the Governments starts its pending Projects the IRFC has a very good chance of price appreciations as the corporation has lots of Projects to Do. so does the funds and capitals flows in its balance sheets and overall activities will bring the higher intrinsic value to its shares. Technical Analysis: There Seems to be a Pegged zone exist at the price of 20Rs where the Scrip is pegged and The Script Driver Manipulating the Price not to fall bellow it as it leads to Merging and Acquiring the Government entity. we can see the price has started its Bullish Trend From the 20.9RS and there are few Resistance on its bullish path. there are total of 3 Targets defined by Fibonacci Extension levels where we can see the Share has a very high Potential of appreciations.
NSE:IRFCLong
by BitonGroup
Copper (COPPER/INR) Commodity Analysis 18/07/2021 Technical Analysis: As you can see, there exist a hidden Bullish Divergence with MACD which is the sign of bullish trend continuation as Copper has started its bullish wave since March 2020. It is moving in an ascending channel. We draw Fibonacci retracement from the low to the top of last impulsive wave which are defined as the Fib levels on chart. The commodity fell to 78% Fibonacci Retracement and it is consolidating and accumulating on Fibonacci Golden Zone currently. we believe this commodity is getting ready to shoot to the higher targets which are defined by Fibonacci Projection tool of the past wave.
MCX:COPPER1!Long
by BitonGroup
USDCHF (US Dollars/Swiss Franc) Currencies Analysis 26/04/2022 Fundamental Analysis: NUMBER OF TRADERS NET-SHORT HAS INCREASED BY 5.22% FROM LAST WEEK. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/CHF BEARISH 49.71% 50.29% 4.44% Daily -10.07% Weekly 15.93% Daily 5.22% Weekly 9.92% Daily -2.98% Weekly USD/CHF: Retail trader data shows 49.71% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Mar 18 when USD/CHF traded near 0.93, price has moved 2.82% higher since then. The number of traders net-long is 4.44% higher than yesterday and 10.07% lower from last week, while the number of traders net-short is 15.93% higher than yesterday and 5.22% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/CHF prices may continue to rise. Our data shows traders are now net-short USD/CHF for the first time since Mar 18, 2022 when USD/CHF traded near 0.93. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bullish contrarian trading bias. Technical Analysis: We can clearly see that the Bearish Divergence of Price and MACD has Started Forming in 6H time frame and it is one of the biggest signs that the bullish Trend is reversing and we can see some Price Correction on this Forex Instrument. we have defined 3 Targets using the Fibonacci Retracement Tools which we have forecasted the Price to fall. please check the Forecast
Short
by BitonGroup
2
USDJPY (US Dollar/Japanese Yen) Currencies Analysis 26/04/2022Fundamental Analysis: Japanese Prime Minister Fumio Kishida said on Tuesday. The government’s JPY13.2 trillion emergency relief package will help ease the pressure off households and companies from rising fuel and raw material costs. Additional quotes “The government will tap reserves set aside under the current fiscal year's budget to fund some of the measures that require fresh spending.” “Will lay out by June action plan on steps to promote 'new style capitalism,' long-term fiscal and economic policy guideline.” “Will compile an extra budget, aim to pass it through current parliament session.” “Important to promote the use of nuclear power, renewable energy to stabilize energy market.” “Will layout after upper house election comprehensive package of policies, including on energy, to promote change in Japan’s society.” Technical Analysis: We can clearly see that the Bearish Divergence of Price and MACD has Started Forming in 6H time frame and it is one of the biggest signs that the bullish Trend is reversing and we can see some Price Correction on this Forex Instrument. we have defined 3 Targets using the Fibonacci Retracement Tools which we have forecasted the Price to fall. please check the Forecast dates and exact Prices.
Short
by BitonGroup
2
XAUUSD (Gold) Commodity Analysis 25/04/2022 Fundamental Analysis: Russia has Pegged the RUB to Gold and The Globalists are Conspiring against their currency and Practically shorting their RUB which may Couse the Price of Gold falls to the lower levels as of now we can target the Smaller Cycles. Technical Analysis: the Price could not break its past ATH and it has already distributed lots of Volume on its Descending trend, as you can se the price is renege bounding in an Parallels ascending channel . we have defined the Target using the Fibonacci Retracement level of 61.8 which has the confluences with the lower bound of the ascending parallels channel. there exists a Resistance area where the Price may not be able to break trough in case of Parabolic Biases and may fall back to the lower levels
OANDA:XAUUSDShort
by BitonGroup
1
NZDJPY (NewZealand Dollar/Japanese Yen) Currencies analysis Technical Analysis: We can clearly see that the Bearish Divergence of Price and MACD has Started Forming in 6H time frame and it is one of the biggest signs that the bullish Trend is reversing and we can see some Price Correction on this Forex Instrument. we have defined 2 Targets using the Fibonacci Retracement Tools which we have forecasted the Price to fall. please check the Forecast dates and exact Prices.
Short
by BitonGroup
2
USDCHF (U.S Dollar / Swiss Franc) Currencies Analysis 09/04/2021Fundamentals: The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe. CHF is shorthand for 'Confoederatio Helvetica' Franc, and represents the economy of the neutral nation situation in the center of Europe. Switzerland has long been a key banking center for customers around the world, and the secrecy with which they maintain their banking operations has made them one of the more desireable locations for storing cash. This has helped to bring considerable strength to the Swiss Franc, pressuring exporters from the nation. When the European Debt Crisis enveloped the continent, massive inflows into Swiss Francs made the situation worse until eventually the Swiss National Bank (SNB) created a peg to the Euro at a rate of 1.2 Swiss Francs for every 1 Euro. If the EURCHF currency pair fell below 1.20, the SNB proposed to sell CHF and buy EUR to support the 1.20 floor. Technical analysis: the Pair seem to be on a bullish wave and it has trigged the extension level of the Fibonacci projection and now consolidating at the parallels legs of the same Projection accordingly we can target the higher levels with higher confirmation as the price has done its accumulation phase properly and we can see an Inverted Head and Shoulder pattern at the Accumulation zone which is a very good sign it. there are total of 3 Targets defined as the 1 and 2 Targets are very much Prone to get triggered on a very faster pace
Long
by BitonGroup
4