Expecting Upside Breakout and then 20-40% drop If the CEX FUD continues next week then here have opportunity for these DEX platforms. And another thing is 1% of DYDX tokens unlock in next 20th . So I believe some short bearish trend after that. But please don’t enter short positions with out getting confirmations. #DYOR #NFA
BINANCE:DYDXUSDTPERP
DEX
Before the High#Airswap has shown strength through a bearish market. Very active Development team focused on community vs marketing.
Interesting and bullish long term.
Sentiment is generally low from participants who anticipated a new ATH in previous cycles.
I think the lag in some charts such as Airswap is in-fact a "slow take up" by new participants. Growth of AI may have some comparison.
Taking the AIRSWAP structure in mind may also prove to be profitable when applied to other charts (projects).
BTS needs a triple combination in the 2nd wave BTS needs a triple combination in the 2nd wave to prepare for the 3rd wave.
crab harmonic pattern:
AB=0.38 XA
BC=0.88 AB
1.6 BC=$0.168
2 BC=$0.302
0.78 XA=$0.369
2.24 BC=$0.437
0.88 XA=$0.598
2.6 BC=$0.782
1.13 XA=$1.94
3.6 BC=$3.63
1.27 XA=$3.84
1.41 XA=$7.48
4.23 BC=$9.4
1.6 XA=$20.4
Exchange Tokens: CEX vs DEX📈This 1-year chart compares tokens from centralized and decentralized exchanges (in the latter considering those that allow derivatives/futures trading, not just swaps).
BTC was placed as a benchmark.
🥇The GMX token appreciated the most, especially after distrust of the ability of centralized exchanges to honor customer withdrawals.
🥈In second place is the Bitget token.
🥉And in third place is the Gains Network token.
👎The negative highlight goes to Binance's BNB.
$CAKE, a long term gem.Back to early 2021, Pancake Swap was one of the most participated DEX. Volume, DAU and TVL growing make $CAKE sky-rocketed to $40.
Then, bear market and DeFi winter came (along with lots of exploit on BSC DeFi protocols) and $CAKE price heavily dumped to the bottom of $3.
In the last 2 months, $CAKE managed to bounce to $4, thanks to the market rally and some new Pancake Swap development. But the weekly candles growing weak, into a reversal pattern.
$CAKE will have to back test $3 level before bounce back higher in 2023.
Entry : $3.1-$3.3
Stoploss : $2.8
Target : $4.5 - $6 - $10 (longterm)
$KNC/BTC 12h (#Binance) Falling broadening wedge breakoutKyber Network Crystal regained 50MA support and looks ready for a short-term recovery after that clear retest.
⚡️⚡️ #KNC/BTC ⚡️⚡️
Exchanges: KuCoin, Binance
Signal Type: Regular (Long)
Amount: 6.9%
Current Price:
0.00003839
Entry Targets:
1) 0.00003764
Take-Profit Targets:
1) 0.00004582
Stop Targets:
1) 0.00003217
Published By: @Zblaba
Layer 0 Blockchains ExplainedHello everybody.
Today i will explain What is Layer Zero Blockchains and How it work
and whats the difference betweem L1 and L0 ?
Lets go...
First take a look at The Scalability Trilemma :
the scalability trilemma is a series of trade-offs between decentralization, speed/scalability, and security
that one must make when designing a blockchain and constructing rules for its on-chain governance.
Centralization = Increased Speed, Decreased Security & Censorship Resistance
Decentralization = Decreased Speed, Increased Security & Censorship Resistance
It is very difficult , if not impossible, to achieve perfect decentralization without compromising scalability, and vice versa.
This is especially true on a monolithic blockchain where all the critical functions like transaction execution, consensus and data availability
(the ability to verify that all the data from new blocks has been published) are managed by a single network,
increasing the likelihood of congestion and making it much more difficult to scale.
A workaround to the scalability trilemma is to delegate the primary responsibility for these 3 functions to different independent blockchains.
This design ensures that the execution chain can be optimized for handling high TPS dapps like a DEX or play-to-earn game without worrying about decentralization.
A second chain can then be optimized for decentralization and serve as a final consensus layer for the execution chain to enable withdrawals to and anchor its data.
When it comes to scalability, layer 0 networks can help blockchain scale by increasing transaction throughput.
While transaction speed is typically measured in terms of TPS (transactions per second), transaction throughput looks at the total number of transactions that a network can handle at one time.
The Problem with Layer 1s
As the demand for Dapps increases and more capital flows into the space to support development, we are beginning to see the growing pains of layer 1 networks as they struggle to meet the needs of developers and end users who have opposing views on whether dapps should prioritize scalability, security or decentralization.
Layer 1 networks are built with a monolithic architecture. This means that the execution, consensus and data availability layers are all functioning within a single blockchain network. This stacked design places a strain on the system and results in the need for blockchains to comprise decentralization for security, or scalability for decentralization.
In addition, the lack of control over the underlying infrastructure that dapp developers build on top of has also been a cause of much frustration. Rising gas fees on the Ethereum network make all ethereum dapps too expensive to use, while unexpected downtime on the Solana network similarly makes all dapps on Solana also go offline.
Dapp developers must also make compromises in how they design their dapps in order to remain compatible with these L1 networks, and lack the ability to explore different consensus mechanisms or to experiment freely with token incentive models because consensus is a primary function of the L1 infrastructure layer. The overdependence on L1’s and difficult tradeoffs imposed by the scalability trilemma can only be remedied by creating a new base infrastructure that empowers developers to launch their own independent blockchains that can be optimized for different aspects of the scalability trilemma.
This base infrastructure is called layer 0, and it is the single most important component for helping blockchains and decentralized applications achieve limitless scalability while maintaining the highest possible levels of decentralization and censorship resistance.
What is a Layer 0 Blockchain?
A layer 0 is a type of protocol that enables developers to launch multiple layer 1 blockchains that can be designed to each serve a specific purpose and cater to 1 or 2 dimensions of the scalability trilemma as opposed to all 3.
These L1 networks can also be made to communicate with each other such that the end user can have the experience of using one blockchain while they are in fact using multiple.
Layer 0 (L0) networks are equipped with software development tool kits or SDKs that allow developers to launch their own blockchains, known as Layer 1s or L1s or sidechains, that are connected to the L0 mainchain but operate independently.
Diffrences Between Layer-0 vs. layer-1 blockchains
You can see some main differences between L0 and L1 blockchains in picture below:'
I hope you enjoy this Article
please share me your opinion in comments.
Good Luck...
uni 3s up, 5s downStill looking for this asset to go lower. BUT first want to see a move away from the current price to keep the impulse on the lower degree valid. If it does invalidate the impulse down, would be looking for some sideways style correction. Only reached a bit past the .80 of the proposed wave A. but would still keep a flat as a possibility. If you have found this inspiring/helpful please consider a boost and follow! Also check out the links in my signature to get to know me better! Cheers!
2/3 IMO 3 overlooked #crypto gems $MDX$MDX = #DEX #DEFI
Made $ held 2/3 position was looking to buy back in mid 7's but was busy this weekend
MAY buy low 8's if possible
👀@ BUYS 1 RED volume day
Can easily 2-3x IMO
You can get on their exchange for less than others
Very interesting #DEX
CEX Failure in the News, DyDx DEX into the portfolioTLDR: Fully a chart play entry and target setting. Sometimes it is just that easy to get a 17 RRR.
CEXs have been a major problem in cryptos history for price stability due to various reasons. One thing that has become apparent is their financial management of your funds cannot be certain and the case is very clear that if you think you are in a bear market keeping your funds on an exchange is extraordinarily risky. Especially if the exchange is being run by some young whipper snapper.
I have looked at going long on DYDX in the past and got stopped out of my position due to not wanting to hold a bag too long in a bear market and deal with the potential 80% draw downs.
The main chart has a lot of detail on it so I won't be repetitive here. Safe to say I can see price coming of this triangle very impulsively and I don't want to be chasing in. This move is going to be long enough that I do see a chance to add to my position and maybe even lever up.
Below is a chart on ETH for the last bear market and a target of the 2 fib level based off the ascending triangle draw. I am using it as an example to my self of how to sagely add to a position by using the parabolic SAR and ADX. I hope to add to pull backs with buy stops and relatively tight stops losses. When the Parabolic SAR is snugging up to the price action and the D- is above the D+ I hope to se limited downside on my adds. If this market doesn't impulse to target like I expect then I will probably do some capital destruction by adding to my position in this manner. Buy based off of the triangle formation I do expect a very impulsive 2-3 months.
I went into my position some 20% ago x4 and so far am quite pleased. I have almost a 18 RRR. I am going to hold onto my current stop loss until price breaks out of the orange triangle then I will look to a profitable stop loss.
There are some coins that I don't think have bottomed out just yet so just because I have gone long on DyDx does not mean I am going to be long everything. I still have some dips I am looking to buy.
Airswap structure intact. Beginning of price mark up phase#Custodial-exchanges have taken an irreparable blow in the latest #ftx bank-run.
The answer is peer-to-peer decentralised exchanges that run directly from personal wallets.
#Airswap has finished it's accumulation phase and will now enter it's price mark up phase. This is most evident in the weekly RSI.
I use the RSI to find "outliers" and the RSI averave to identify the trend while the 50 point mark or meridian acts as a barrier.
In the last two years through accumulation AST investors have taken the available supply at these low levels.
Zooming in closer to this week's RSI outlier we can see that it failed to go below the 50 point mark while the trend and structure remain intact.
I expect the mark up phase to take place from now until May 2023 with a double top forming around September of 2023.
Personally I am patientiently awaiting an integration with #Celer's Instant messaging protocol which will give us more options with-in the airswap protocol.
My main price target for AST is $15 USD.
Delaware Enhanced Globally ready for an impulse down. DEX We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Strongest support for the internet of blockchainsBlocknet has had its final support between 4k and 6k in 2015, 2016 and 2017. Buy there , if it ever gets there :)
Blocknet has been around for a long time and it just keeps getting better. They plan to make trading possible without having to download entire blockchains. When that happens, its just a matter of time for it to shine. It is the most decentralized exchange and a lot more.
$RAY/USDT 4h (#BinanceFutures) Descending triangle breakoutRaydium has been retracing down big time and finally looks ready for reversal, at least short-term.
Current Price= 0.922
Buy Entry = 0.919 - 0.849
Take Profit= 1.072 | 1.239 | 1.390
Stop Loss= 0.733
Risk/Reward= 1:1.25 | 1:2.35| 1:3.35
Expected Profit= +21.26% | +40.14% | +57.22%
Possible Loss= -17.08%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Tags: #RAY #RAYUSDT #Yield #Farming #AMM #DEx #DeFi #BSC #Solana
Website: raydium.io
Contracts:
#ERC20 0x5245c0249e5eeb2a0838266800471fd32adb1089
#BEP20 0x13b6A55662f6591f8B8408Af1C73B017E32eEdB8
#SPL 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R