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ETH on HUOBI dumps - but Ethereum 2.0 on the way! Ethereum would need to avoid a fall through the pivot level at $590.23 to support a run at the first major resistance level at $630.46. Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high of $611.43. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, Ethereum could test resistance at $650 before any pullback. The second major resistance level sits at $651.66. Failure to avoid a fall through the $590.23 pivot would bring the first major support level at $569.03 into play. Barring an extended sell-off, however, Ethereum should steer clear of sub-$550 levels. The second major support level sits at $528.80. Looking at the Technical Indicators First Major Support Level: $569.03 Pivot Level: $590.23 First Major Resistance Level: $630.46 23.6% FIB Retracement Level: $486 38.2% FIB Retracement Level: $409 62% FIB Retracement Level: $283
by BitGuy2
Reserve Rights (RSR) Project OverviewWhat Is Reserve Rights (RSR)? Reserve Rights is a dual-token stablecoin platform that was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform. Reserve Rights’ dual token setup includes a stablecoin known as the Reserve stablecoin (RSV) — which is backed by a basket of assets managed by smart contracts. The second token is the Reserve Rights token (RSR), which is used to keep the RSV stable at its $1.00 price target through a system of arbitrage opportunities. Unlike RSV, the Reserve Rights (RSR) token is volatile, and its main purpose is to help maintain the stability of RSV. It can also be used to vote on governance proposals — helping holders shape the future of the Reserve Rights ecosystem. In the later stages of the project, Reserve Rights plans to back the Reserve stablecoin by an increasingly diverse basket of assets, and eventually move it away from the U.S. dollar peg — instead creating an alternative reserve asset where RSV tokens instead represent fractional ownership of the collateral pool. Website: reserve.org ------ Here we have the full Reserve Rights (RSRBTC) chart. We have the support levels marked, below the support price. We have the resistance levels marked, above the current price. If you scroll the chart up, you can find additional targets. This is very likely to grow. Namaste.
RLong
by AlanSantana
3
GNT re-testing support GNT/USDT Golem has been suffering from market conditions lately as well. It has been moving slowly and is currently breaking down into the key-area of support, the “last hope” for GNT. Should this support break and not hold the price stable or even show a minor reaction, there might be many more downsides for GNT. Looking at technical indicators, the MKAST Algorithm has just switched into a sell-condition, which is understandable and clear for anyone watching the conditions. The MKAST Index is at 1/15 points, which is quite low and near an oversold condition. This low index point can be especially interesting since GNT is testing its support for the second tie only, and with the nearly oversold conditions, this could turn out bullish. Moreover, the volume is decreasing and not very much supporting the ongoing selling.
GLong
by KongTrading
1
Huobi Token - Support is intact Exchanges tokens are doing well and HT has ben on a stablecoin for a bit. I suspect it will wake up soon because its at support levels and the exchange is doing well. I expect them to do a monthly burn or bi monthly burn soon. Keep your eyes on this and its worth a small punt. HT Liquidity Mining HT also is part of Huobi's liquidity pool so users can lock it up and get free DeFi tokens - just another reason why i see this token going up in the near term.
H
by BitGuy2
ACH trending up on HuobiAfter the launch $ACH pumped really good and then corrected itself. Currently being in an accumulation phase from past 7 days, it is finally breaking out. The first area of resistance it needs to cross is 22000 sats. After that we have a clear sky to continue the bullish rally. If we zoomed into the accumulation phase we will find some clear technical behaviour. After hitting the bottom and making the double bottom pattern, it bounced and went into a bullish consolidation. Now as it is finally breaking out from this range, I expect the bullish continuation to the higher levels.
by BitGuy2