#INJ/BTC 1D (Binance) Symmetrical triangle breakoutInjective Protocol is out-performing the crypto market after printing that morning star deviation.
Looks good for bullish continuation in sats, probably after pulling back to 100EMA support.
⚡️⚡️ #INJ/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 6.5%
Current Price:
0.0002916
Entry Targets:
1) 0.0002705
Take-Profit Targets:
1) 0.0003529
Stop Targets:
1) 0.0002292
Published By: @Zblaba
CRYPTOCAP:INJ #INJBTC #Injective #AI #Web3
Risk/Reward= 1:2
Expected Profit= +30.5%
Possible Loss= -15.3%
Estimated Gaintime= 1 month
injective.com
DEFI
will $yfi blow the roof off soonyfi had a nice response at the yearly show providing a $10k candle to the upside that his since retraced to the $8k region.
whilst selling pressure has made a low on the OBV, the price has managed to stay above the last bearish candle open on the monthly chart.
we now have a clear demand zone with unlimited upside potential, given that bitcoin seems to have found a local bottom / dxy has possibly peaked giving relief everywhere else.
if yfi can break the diagonal and claim the daily at $11k then there is no reason yfi cannot test $22k upward, possibly even mid-high $40k, or just go nuts and hit the 1.62 fib at $150k, but baby steps for now ;-)
Decoding DeFi MetricsIn Decentralized Finance (DeFi), deciphering the wealth of new projects can be akin to navigating uncharted waters. However, amidst the chaos, fundamental analysis stands as a beacon, guiding investors and traders towards discerning the true value of DeFi assets.
1. Total Value Locked (TVL):
TVL, the sum of funds nestled within a DeFi protocol, provides a vital glimpse into market interest. Whether measured in ETH or USD, it illuminates a protocol's market saturation and investor confidence.
2. Price-to-Sales Ratio (P/S Ratio):
In DeFi, just like traditional businesses, evaluating a protocol's value against its revenue stream offers a unique perspective. A lower P/S ratio suggests undervaluation, indicating a potential investment opportunity.
3. Token Supply on Exchanges:
Monitoring tokens on centralized exchanges unveils market dynamics. While a surplus may hint at sell-offs, complexities arise due to collateralized holdings, necessitating nuanced analysis.
4. Token Balance Changes on Exchanges:
Sudden shifts in token balances on exchanges signal imminent volatility. Large withdrawals hint at strategic accumulation, underscoring the importance of tracking market movements.
5. Unique Address Count:
More addresses usually imply widespread adoption. But beware! This metric can be deceptive. Cross-reference with other data for a clearer picture.
6. Non-Speculative Usage:
A token's utility is paramount. Assess its purpose beyond speculation. Transactions occurring outside exchanges signify genuine use, a testament to its value.
7. Inflation Rate:
While scarcity is a virtue, a token's inflation rate demands attention. Striking a balance between supply growth and value preservation is crucial, emphasizing the need for a holistic evaluation approach.
In the intricate DeFi landscape, these metrics serve as the foundations of strategic decision-making. Each data point unravels a layer of complexity, empowering investors to make astute choices. As you delve into the world of decentralized finance, armed with these insights thrive in the boundless universe of DeFi possibilities! 🚀💡
BITCOIN Bullish OutlookMy bullish outlook on Bitcoin stems not only from it potential as a politically neutral asset, but also due to the recent decision of the SEC to not appeal the Grayscale BTC ETF, thus making it a more attractive means of investment for the average consumer, as well as giving it credibility in the legacy markets.
In terms of price targets, some technical views suggest the following levels:
- $28,296
- $31,800
- In an extremely optimistic scenario, it might even reach $40,000.
1. The recent decision by the SEC not to challenge the approval of the Grayscale Bitcoin ETF suggests a more investor-friendly approach to Bitcoin investment may be on the horizon. This change in stance could make it easier for average joes to enter the Bitcoin market.
2. The rising global tensions are making Bitcoin appear increasingly attractive as it's a non-biased and politically neutral asset. This quality positions Bitcoin for potential success in uncertain times.
3. Notably, prominent figures like SkyBridge CEO Anthony Scaramucci embracing Bitcoin and JPMorgan Chase CEO Jamie Dimon altering his previously negative stance on cryptocurrencies add credibility to Bitcoin's prospects.
#NMR/USDT 4h (Binance Futures) Descending wedge breakoutNumeraire regained both 50MA & 200MA and is pulling back to them, looks good for another bounce.
⚡️⚡️ #NMR/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (4.0X)
Amount: 6.9%
Current Price:
13.13
Entry Targets:
1) 13.10
Take-Profit Targets:
1) 15.94
Stop Targets:
1) 11.68
Published By: @Zblaba
$CRYPTOCAP:NMR BINANCE:NMRUSDT.P #Numeraire #AI numer.ai
Risk/Reward= 1:2.0
Expected Profit= +86.7%
Possible Loss= -43.4%
bitcoin December 2023 hot**The "top spots" of Bitcoin are typically understood in the context of its historical price performance and market capitalization. As of my last knowledge update in September 2021, the top spots for Bitcoin were as follows:
All-Time High (ATH): The highest price ever reached by Bitcoin was around $64,000 in April 2021.
Market Capitalization: Bitcoin consistently ranked as the largest cryptocurrency by market capitalization. It often accounted for over 40% of the total cryptocurrency market capitalization.
Market Dominance: Bitcoin's market dominance, a measure of its market capitalization as a percentage of the total cryptocurrency market, has historically been around 40-50%.
Trading Volume: Bitcoin typically had the highest 24-hour trading volume in the cryptocurrency market.
Hashrate: Bitcoin had one of the highest hashrates among cryptocurrencies, indicating the computational power securing its network.
Adoption: Bitcoin was widely adopted as a digital store of value and a means of transferring value, with acceptance by various businesses and individuals.
Liquidity: Bitcoin was the most liquid cryptocurrency, with numerous exchanges and trading pairs available.
Institutional Investment: Bitcoin had attracted significant attention and investment from institutional investors and large corporations.
Regulatory Scrutiny: As a leader in the cryptocurrency space, Bitcoin often faced increased regulatory attention and scrutiny from governments and regulatory bodies.
Developer Activity: Bitcoin had an active development community working on protocol upgrades and improvements.
Please note that cryptocurrency markets are highly dynamic and can change rapidly. For the most up-to-date information on Bitcoin's rankings and performance, it's best to refer to current cryptocurrency market data sources.
LDO the decentralized Autonomous OrganizationFalcon X withdraws 5.25 million LDO (Worth $8.13 million)from Binance in the past three days, leaving them with a remaining holding of 7.01 million LDO (valued at $10.94 million) as of the time of writing.
Because of this single act the price of LDO simultaneously surged with a 3% percent gain
XRP (RIPPLE) SELL ANALYSIS📉:XRP moved as we said it would on yesterday's analysis. It moved a little higher above the yellow resistance zone, seen a small wick fill & now dropping back below $0.52 zone.
A nice 7.5% profit gain to make from this trade. 7.5% without leverage, could easily do 50-100% with leverage😉 Trade accordingly to your account balance & your personal risk appetite.
Recovering time | Long BiasWeekly Chart
AVAX has broken and closed below the support 9.37 then recovering phase now
Chart 4H TF
AVAX created bullish structure then broken out and closed above resistance 9.65 so I expect price will continue go up higher if AVAX won't close below 9.1
So, BINANCE:AVAXUSDT has strong resistance around 14.5 and support 9.1
Wait for next move
#JOE/USDT 8h (ByBit) Descending channel on supportTrader Joe is pulling back to 50MA where it seems likely to bounce again.
⚡️⚡️ #JOE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (4.2X)
Amount: 4.9%
Current Price:
0.25930
Entry Targets:
1) 0.24800
Take-Profit Targets:
1) 0.29595
Stop Targets:
1) 0.22400
Published By: @Zblaba
CRYPTOCAP:JOE BYBIT:JOEUSDT.P #TraderJoe #DEx #DeFi traderjoexyz.com
Risk/Reward= 1:2.0
Expected Profit= +81.2%
Possible Loss= -40.6%
Estimated Gaintime= 1-2 weeks
🌟 DeFi vs. CeFi: Unraveling the Financial Revolution 🌟The financial landscape is undergoing a seismic shift, and at the heart of this transformation lies a heated battle between two contrasting ideologies: Decentralized Finance (DeFi) and Centralized Finance (CeFi). 🚀
In this post, we're diving deep into the world of DeFi and CeFi, unravelling their key differences, advantages, and implications for the future of finance. Buckle up as we navigate through the decentralized wilderness and the fortified citadels of traditional finance.
Decentralized Finance (DeFi) and Centralized Finance (CeFi) represent two distinct paradigms within the world of finance, each with its unique characteristics and features. Here are the key differences between DeFi and CeFi:
🕵🏻♂️ Control and Intermediaries:
DeFi: DeFi operates on decentralized networks, typically blockchain platforms like Ethereum. It eliminates the need for traditional intermediaries such as banks and financial institutions. Users have full control over their funds and transactions without relying on a centralized authority.
CeFi: CeFi, on the other hand, relies on centralized intermediaries like banks, brokerage firms, and financial institutions. These entities facilitate and oversee financial transactions, acting as custodians of users' assets.
👨🏻💻 Access and Inclusivity:
DeFi : DeFi is accessible to anyone with an internet connection and a cryptocurrency wallet. It promotes financial inclusion by allowing individuals worldwide to access financial services, regardless of their location or background.
CeFi: CeFi services are often subject to geographic restrictions and require users to meet certain criteria, such as identity verification and residency, which can limit accessibility.
🧑🏻🔬 Transparency:
DeFi: DeFi transactions and smart contracts are recorded on public blockchains, providing a high level of transparency. Users can independently verify transactions and contracts.
CeFi: CeFi transactions typically occur within closed systems, making it harder for users to scrutinize or validate the underlying processes.
🙅🏼♂️ Censorship Resistance:
DeFi: DeFi platforms are resistant to censorship since they operate on decentralized networks. Transactions cannot be easily blocked or censored by governments or third parties.
CeFi: CeFi platforms may be subject to government regulations and can comply with requests for transaction censorship or freezing of assets.
👮🏼♂️ Risk and Security:
DeFi: While DeFi offers increased control, it also comes with risks related to smart contract vulnerabilities, hacks, and scams. Users are responsible for their security measures, such as managing private keys and selecting trustworthy DeFi platforms.
CeFi: CeFi platforms often have established security measures, including insurance, regulatory compliance, and fraud prevention. However, users may still face risks associated with centralized data breaches and third-party vulnerabilities.
💼 Financial Services:
DeFi: DeFi provides a wide range of financial services, including lending, borrowing, trading, yield farming, decentralized exchanges, and more. Users can access these services directly from their wallets.
CeFi: CeFi offers traditional financial services, such as savings accounts, loans, investment products, and trading services. These services are managed by centralized institutions.
🧐 Regulatory Oversight:
DeFi: DeFi operates in a largely unregulated space, which can offer innovation but also risks. It may face increased regulatory scrutiny in the future.
CeFi: CeFi entities are subject to financial regulations and oversight by governmental authorities, which can provide legal protections but also limit flexibility.
In summary, DeFi and CeFi represent contrasting approaches to finance, with DeFi emphasizing decentralization, accessibility, and transparency, while CeFi relies on central authorities and established financial institutions. Each has its advantages and disadvantages, and the choice between them depends on individual preferences and risk tolerance.
As we conclude our journey through the realms of DeFi and CeFi, one thing is clear: the financial world is evolving, and the choice between these two paradigms isn't just about technology—it's about how we envision the future of finance. Whether you opt for the autonomy and transparency of DeFi or the stability and familiarity of CeFi, always remember that the power to shape your financial destiny is in your hands.
Stay tuned for more insights, trends, and analyses here at TradingView, your compass in the ever-changing world of finance.
PS Remember, your likes are my inspiration! 💖 Don't hesitate to tap 🚀 if you find my content valuable. Together, we are shaping an incredible financial future. Let's grow and thrive together!
Your Kateryna
Retest support and creating third wave (EW) | Long BiasChart 4H TF
Maverick has done the first and second wave, it's been creating the third wave.
Now, BINANCE:MAVUSDT is trading at 0.229
MAV is moving down to support around 0.222 and if it can through this level, it'll be down more to lowest at 0.198
I wait for reaction around 0.222 first
Time will tell
DFI from a broad technical perspectiveI know fundamentals and news events often overrun technicals - especially in the crypto-verse. But the look from a pure TA long-term perspective on the DFI/USD(T) chart bears a very bullish opportunity.
`
Prices of 1 USD (or a bit more?) until the end of this year? At least it's possible.
#UNFI/USDT 3D (ByBit) Big falling wedge breakoutUnifi Protocol is facing strong supply zone after an insane growth, RSI looks overbought, a retracement down to 100EMA seems likely.
⚡️⚡️ #UNFI/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 5.0%
Current Price:
9.2675
Entry Zone:
9.3975 - 10.1755
Take-Profit Targets:
1) 8.212
1) 7.026
1) 5.8405
Stop Targets:
1) 11.104
Published By: @Zblaba
NYSE:UNFI BYBIT:UNFIUSDT.P #UnifiProtocol #DAO #DeFi #BSC unifiprotocol.com
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.3% | +84.6% | +121.0%
Possible Loss= -40.4%
Estimated Gaintime= 1.5-4.5 months
#TRB/USDT 5D (Binance Futures) Big descending wedge breakoutTellor Tributes printed a shooting star which probably marked the local top on that supply zone.
RSI is quite overbought, a retracement down to 200MA at least would make sense.
⚡️⚡️ #TRB/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 4.7%
Current Price:
38.512
Entry Zone:
38.997 - 44.129
Take-Profit Targets:
1) 30.911
1) 22.890
1) 14.868
Stop Targets:
1) 50.476
Published By: @Zblaba
LSE:TRB BINANCE:TRBUSDT.P #Tellor #Tributes #Oracle #Web3 tellor.io
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +51.3% | +89.9% | +128.5%
Possible Loss= -42.9%
Estimated Gaintime= 3-9 months
MUX: a decentralized derivatives market aggregator📜 Overview
The MUX Protocol Suite is a set of two components:
1. a decentralized leveraged trading protocol, offering zero price impact trading, up to 100x leverage, self-custody, aggregated liquidity;
2. a sub-protocol that automatically selects the most suitable liquidity route and minimizes the composite cost for traders while meeting the needs of opening positions.
Currently MUX is deployed on Arbitrum , BNB Chain , Optimism , Avalanche and Fantom .
In short, just as 1INch is to Uniswap , PancakeSwap , Curve , and other DEX, MUX is to GMX and GNS .
📈 Graphic analysis
The price is in an impulsive wave 3.
A possible entry would be after an ABC correction at $9.25.
If the price breaks the last historic high and rises wildly, expect a throwback.
The target on the 1.618 Fibonacci projection sits at $37.36, having a 167% upside potential.
Comparing this asset with others of the same class of derivatives, perpetual or futures (putting BTC together just to have a reference), we can see that this year the MUX token performed the best.
⚠️ It is worth mentioning that it is a highly risky and speculative operation, with an asset that is under the radar.
It still does not have trading on large exchanges, such as Binance and Coinbase for example.
Do your own research and take your risks.
Dejitaru Tsuka: $777 Before 2030?I'll spare everyone the 1,000 word essay but within my chart, you can clearly see why I am massively bullish on this cryptography project. I've been waiting for over a year for the current dip to manifest and I've tried to warn people the whole time, but sometimes emotions (and FOMO) get the best of us. If you're looking for the next great crypto offering, look no further. I would not advise anyone to buy it above $0.01, but it'll be a crazy ride when the time is right. Tsuka is surely the one.