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DEFI

HEX vs HEDRON ... where is it going? Let me show you. Been tracking this ratio since it's inception, and it's been fascinating watching these two assets circle and oscillate versus each other Yet there is still more Hedron strength to come in my opinion. From six figures per Hedron for one HEX to where it made a double top (and head and shoulders) to the pattern completion target of 13k... which I believe will happen shortly (caveat being the overall crypto space is green to stable)
HShort
by BallaJi
1
The Bitcoin BounceBitcoin is clearly showing signs of an uptrend. Her highs and lows have steadily increased giving great opportunities for short term swings. Currently, she has pulled back to 23,200. If she can stay above 22,400 and close bullish this could be another great time to buy. You may question what timeframe I'm entering on. Or, how long will I hold the trade or what my stop loss will be. Let me be quick and simple. #1 I'm trend trading here. I'm going to trade with the flow of the uptrend hence why I am looking for a buy. #2 I'm taking profits on the way up back to the highs and further. #3 My stop loss will be located in an area where if price reverses I reverse with it. Lastly, I'll enter on the daily timeframe because this is where I analyzed this setup. I hope that was easy to follow. Speaking of following, be sure to follow me here on Tradingview. Now go be great. Go on now!!!
COINBASE:BTCUSDLong
by ShaquanLopez
August 17 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, the Number of Ethereum addresses in profit (7d MA) just reached a 3-month high of 5224410.732. Bitcoin is almost flat over the past 24 hours. The largest cryptocurrency attempted to sustain above the psychological resistance at $25,000 for the past three days, but the price could not sustain the higher levels, indicating a loss in upside momentum. If the bears push the price below the 20-day EMA ($23,512), the BTC/USDT pair could find support at $22,000. Today’s Cryptocurrency Headline Aave Says On-Chain Wallet Address Censorship will Require DAO Consensus DeFi lending protocol AAVE stated that wallet monitoring due to government sanctions cannot be implemented at the smart contract level unless the community agrees. Aave said: “As for on-chain, contract-level as it applies to the Aave Protocol, the Aave smart contracts are decentralized — no one person or entity can change, control, update or shut down the protocol. For any change to occur to the protocol, an AIP would have to be proposed, voted on, and approved by the Aave DAO.” The DeFi lender also clarified that the recent block on wallet addresses with indirect Tornado Cash interactions only occurred on its front-end app. 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.
by BingX
$ETH/USD 1W (#Coinbase) Huge rising wedge on supportEthereum is falling sharply while RSI is printing new ATL, time to be opportunist and place some juicy bids on 300MA and below! Current Price= 1030.88 Buy Entry = 915.64 - 739.86 Take Profit= 1265.98 | 1632.40 | 1998.81 Stop Loss= 534.62 Risk/Reward= 1:1.5 | 1:2.75 | 1:4 Expected Profit= +52.94% | +97.21% | +141.47% Possible Loss= -35.41% Fib. Retracement= 0.236 | 0.382 | 0.5 Margin Leverage= 1x Estimated Gain-time= 1 year Tags: #ETH #ETHUSDT #WETH #Altcoin #PoW #Eth2 #PoS #Governance #SC #DApp #DeFi Website: ethereum.org Contracts: #Mainnet #ERC20 0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2 #BEP20 0x2170ed0880ac9a755fd29b2688956bd959f933f8 #BEP2 ETH-1C9 #AVAXC 0xf20d962a6c8f70c731bd838a3a388d7d48fa6e15 #SPL 2FPyTwcZLUg1MDrwsyoP4D6s1tM7hAkHYRjkNb5w6Pxk
COINBASE:ETHUSDLong
by TradingOn
$STX/BTC is about to explodeBuying volume is increasing and Bollinger Bands are really tight, and that means it's getting volatile. STX is currently trading in my buying zone for 3 months. It's the 0.618 en 0.65 Fibonacci retracement from the last impulsive wave 1. From Stacks' market history, it can be seen that stacks has a habit of showing explosive price rises. As Bitcoin continues to move between 20k-24k and loses market dominance, it seems that this will give room for sats to rise significantly in value. My expectation is that the 0.382 Fib will be a first point of resistance (2764 sats). Seen from the current price, this is a 45% increase in sats value.
Long
by joerivdpol
ETH Weekly TA BullishETHUSD Weekly bullish. Recommended ratio: 95% ETH, 5% Cash. *Cryptos took a brief dip yesterday after news that Tesla had sold 75% of their Bitcoin holdings (~$936m) due to fears of China's Covid lockdowns (Tesla has a Gigafactory in Shanghai) and a need for cashflow. This came as a shock to the crypto community because in 2021 Elon tweeted that "Tesla has diamond hands". Ethereum is now up 86% from the local bottom ($875) on 06/13, and is now down 66% from its ATH ($4800) compared to being down 82% on 06/13. With the Merge currently scheduled for a September launch (~09/12/22) , this should continue to drive ETH higher in a "buy the rumor, sell the news" type of long trade. DXY appears to be undergoing a bearish correction, adding bullishness to money markets as Cryptos, Equities, the Euro and Gold are seeing a pick up in buying pressure. The ECB also raised their central bank interest rate for the first time in 11+ years by 50bps, it is now 0% amidst rising inflation; compared to how the Fed has responded to inflation, this rate hike was dainty considering the looming energy crisis due to Nord Stream's reduced capacity going forward for 2022.* Price is currently attempting to break above $1408 resistance with hopes of flipping it to support; this is after defending a crucial support at the uptrend line from June 2020 (which coincided with the 200 MA) at ~$1200. Volume is currently Moderate (high) and on track to favor buyers for a third consecutive session if it can close this week's session in the green, this is bullish! Parabolic SAR flips bullish at ~$3350, this margin is bullish! RSI is currently trending up at 38 with no sign of peak formation as it test 37 resistance. Stochastic remains bullish and is currently trending up at 33 with no signs of peak formation as it tests 27 resistance, the next resistance is at 52. MACD remains bearish and is currently trending up at -500 as it attempts to complete a trough formation, if it can cross above -420 it would be a bullish crossover (and the first time MACD would be bullish since before December 2021). ADX is currently trending sideways at 33 as Price pushes higher, this is neutral at the moment. If Price is able to close above $1408 resistance in this session and next, it will likely test $1944 resistance before the Merge. However, if Price breaks back down below $1408 resistance (still resistance until Price reclaims support) , it will likely retest the uptrend line from June 2020 at ~$1200 before potentially heading lower to retest $1k psychological support. Mental Stop Loss: (one close below) $1200.
COINBASE:ETHUSD
by dailytaguy