BNB the last trade...BNB is in an important zone and this would be the last bearish trade in this coin ,if the stop is reached would mean BNB is bullish in the daily chart ,but i'm still bearish even if the 15% of my invest are in BNB because btc , eth and many huge cryptos are literally in resistance and showing weakness , the SP is going up without volume and making a rising wedge and in 2 days Powel is gonna talk to the world and many people wait a moderated speech but the higher probability is reality hit, thatś are the reasons because I'm bearish...
DEFI
HEDRON is coming to an incredible point in it's history...
The introduction of the Icosa app into the Hedron platform
Has given life to this Defi suite of products, that work in conjunction with HEX
As the chart shows the announcement and Launch of the app.icosa.pro
Was a huge catalyst for the price and the engagement with these very successful products.
The main driver for the next leg up (if it occurs) is the slew of HEX stakes coming up for Auction on November 13th
WHAT WILL PRICE DO?
WE HAVE THE POTENTIAL SETUP OF CUP AND HANDLE ... IF PRICE CAN REALLY START TO REBOUND OF THIS OLD NECKLINE A KEY LEVEL
AND START ATTACKING THE RECENT, AND ALL TIME HIGH'S
THE TARGET IS RATHER LARGE ON A LINEAR PROJECTION , LINING UP WITH A 1.618 FIB EXTENSION
QUITE LOVELY
Healthy checkback in #CRYPTO markets (So FAR) #SHITPERPCheck back of down channel break
Where do we go?
The August high was a major resistance test and understandable point of inflection.
going forward overcoming this level , in my mind would signal Crypto Spring.
i.e Winter over!
But Spring is not summer... pullbacks and tests of key levels will still occur.
#YFI Yearn Finance breaking out! Can it Double in price??Long futures YFI
This long term chart is suggestive of higher price coming for YEARN
After the blow off top it formed a massive head and shoulders, which reached its target.
The retest of the opening candle high is a lovely textbook checkback and can spring with momentum from here
The upthrust in July suggests a similar move could see $16-$17k
(if #BTC complies of course)
Clean Set Up on #Airswap A macro non logarithminc look at AST before it rips.
My main driver is a line chart with a combination of 12 EMA's. This translates to any other time frame.
Below I have a precision sharp target on deviations from the RSI Moving average.
This will be an interesting one.
#AST Airswap on #Coinbase and Binance 100x$AST has completed it's accumulation largely on #Coinbase.
As of yet #Coinbase does not support #Defi but AST can be staked for voting so I imagine AST will segway towards #coinbase adding a #defi component to their services.
Airswap's low market cap of 20M USD makes it a 100x return to a projected 2B mktcap in the next 18 months.
This week we will see acceleration of of accumulation and into mark up prices for the first time.
Crypto - UPtober or HACKtober 🤔Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
October is notorious for upward price action on Bitcoin, earning the title UPtober about two years ago. However, a new trend has begun - HACKtober.
During this year, we see an increase number of hacking across the months but October has been the month with the most hacks and the most liquidity stolen. After 4 hacks within the last 48 hours, October is now the month with the biggest hacking statistically, and there is another 15 days to go. According to Chainanalysis, $718 million is accounted for to be stolen from DeFi protocols across 11 different hacks. At this rate, 2022 will surpass 2021 as the biggest year for hacking on record. So far this year, over $3 Billion accounted for has been hacked across 125 hacks. During 2019, most hackers targeted exchanges. Now, the biggest targets are DeFi protocols. Cross-chain bridges remain a major target, with 3 breached tis month accounting for 82% of all losses this month and 64% of all losses this year.
Let's discuss a few ways to minimize your risk when investing in this wild west market:
🖐 - Research the team. Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names, with superstar developers like Ethereum ETHUSDT founder Vitalik Buterin capable of making or breaking new projects simply by having their names listed on a development team. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
🖐 - Check the whitepaper. The whitepaper should lay out the background, goals, strategy, concerns, and timeline for implementation for any blockchain-related project. Whitepapers can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may have a whitepaper that indicates a rock-solid concept and a carefully conceived implementation plan.
🖐 - It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Keep an eye out as you look for new investment opportunities in the ICO and cryptocurrency spaces. Remember that projects sounding too good to be true , likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept. Look for outside sources to verify the legitimacy of any project before making an investment. Ask questions that you can't already find the answers to.
💭 Whilst I remain bullish on Crypto, the above does reveal a worrisome trend for decentralized finance. Like this, DeFi still has a long way to go in terms of security. Hopefully the SEC case against Ripple will provide more clarity in terms of regulations and responsibility going ahead.
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CryptoCheck
DOT on weekly TF is ready to move as Rocket!at the end of 2020 we had the same consolidation moves with 16 weekly candles, then price broke out with a master candle in 17 weekly candle.
now price is in 16th week of consolidation, so if history repeat this move, we can expect a new rally at next week.
Solana: Great Time to Start a Long Term PositionA quick look on $SOL because I've seen a few people saying it "completed the bubble chart pattern and now it's safe to expect another bullrun!".
It DOES look like a nice bubble and crash but in my opinion it's gonna take a while before we will see a proper bullish move. Solana is in a great position to start building a long term 💰 but don't have unrealistic expectations. White area is the range now, grey area is great for buying but breaking out of the purple zone is gonna be hard work💪🚀
REN looks good Ren 2.0 will be the network that powers Ren ecosystem growth throughout this exciting new chapter we’re about to embark on. Its primary advancements will be decentralization and security, supporting generic application logic on top of Ren, an improved MPC algorithm that’s more scalable and able to support more signing schemes, and optimized tokenomics to further align incentives for ecosystem participants. These are extensive upgrades to our core technology. Hence, they will be deployed to a new network.
REN2.0 comes out early next year and DAPPS like Catalog are bringing real value to REN and its transition to a L0 (layer 0)
currently 124 million market cap with lots of room to grow, lets see if it can breakout against ETH and in USD. Im currently long and built a big bag around 10-11 cents so I will be patient on this playing out. NFA
#MKR Inverse Head and Shoulders. Target = $975#DEFI protocol
looks to be triggering right now!
Weekend #Crypto PUMP?
#Bitcoin still poses risks to holders and we are still not out of the woods, a mini run to $20500 seems likely
but we must at some point hold on to the key psychological level of 20k and start making firm progress
as these high@s getting lower on the medium time frame is pushing us into a decision point Apex.
Will crypto finally decouple in these rapidly changing macro environment.
We know the end of the crypto bear is close , but also we need to take advantage of opportunities that prevent itself.
Link Elliott Wave count and trade ideas. Getting the video rig back up and getting used to things again so apologies for some of the audio quirks. Working the issue.
That aside still think some fun Elliott Wave info and some nice potential trade setups and things I am looking out for.
If it inspires you or is helpful, hook me up with a boost, a follow and check out my signature more content. Cheers!
AAVE Maria, Elliott and algo analysis. The waves are looking pretty clear here, MO. But, 82$ is the AOI im watching at the moment. It has played as a resistance and more recently a support. If price decides to move back up to this level I will be watching how it retraces there. If it prints rising PA and falling volume I will be looking for an entry, conversely a break above by a dilly and a retrace to the level would consider a long personally. If this has been inspiring/helpful, please consider a boost and follow and check out the links in the signature. Cheers!
September 20 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to CoinShare, digital asset investment products saw inflows totalling US$7m last week, another low activity week. Bitcoin price is almost flat over the last 24 hours. The largest cryptocurrency has been trading between $18,225 – $19,689.00, indicating the Federal Reserve's upcoming rate hike has put pressure on Bitcoin. In the near future, cryptocurrency markets are likely to remain volatile because of the uncertainty over the Federal Reserve’s rate hike on Sept. 20 and 21. As of now, the CME FedWatch Tool suggests that the majority favors a 75 basis point rate hike. If this happens, Bitcoin price could rise above $20,000.
Today’s Cryptocurrency Headline
Coin98 Labs Launches Decentralized Stablecoin CUSD
Coin98 Labs has announced the launch of its ecosystem’s decentralized stablecoin, Coin98 Dollar (CUSD), fully collateralized by reserve assets. In order to convert to 1 CUSD, a total of $1 worth of the collateralized assets must be sent into the CUSD Reserve smart contract. According to Coin98 Labs, the stablecoin aims to become a cross-chain unit of account that fulfills the demand for cross-chain liquidity in DeFi, unleashing the power of the Coin98 ecosystem and supporting networks such as BNB Chain, Solana, and Ethereum. In the future, CUSD will be deployed on as many chains as possible.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.