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SOLANA IS AT A CRITICAL LEVELSOLA has seen an unprecedented rally since the 22nd of March 2022. this asset has brought some good fortune to its investors lately. This asset is currently consolidating around $140 to $130 zone. Solana may pull down to $130 once again before the rally continues if fundamentals continue to favour the bullish trend. if this bull run can break through FIB38.2, this asset will most likely hit the RESISTANCE TRENDLINE (black colour) as a profit target. However, if the bears are powerful enough, they may drag down Solana to $120 zone (FIB 23.6) once again. KINDLY comment, LIKE, Criticize and Follow.
Long
by ForexClinik
Tezos (XTZ) Completes its Ithaca 2 Upgrade. What's Next?This event largely went unnoticed by the media, but Tezos (XTZ) underwent a major upgrade to their protocol as of this week. The upgrade deals mostly with scalability issues - as the oldest Proof-of-Stake system in the market, XTZ arguably one of the most technically advanced blockchain platforms in the world right now. In the early days of the crypto industry Tezos decided to go straight into Proof-of-Stake instead of with Proof-of-Work like the others did. (Technical superiority doesn't always translate into business success but it is worth pointing out that XTZ is already where ETH is moving towards right now.) The recent Ithaca 2 upgrade includes: - Increased throughput (faster transactions times) - Lowers requirements for node staking from 8000 Tez to 6000 Tez (roughly 20-24k. ETH node requirements are 100k+) - Improvements in privacy, security, and better compatibility with zero-knowledge proofs/rollups/sharding methods overall I do think that Tezos is an underrated project right now since the project has been dealing with real-world use cases in the Proof-of-Stake model that coins like ETH, DOGE, and BTC have yet to face - potentially creating an opportunity for a leap-frogging event to occur. The chain also has the advantage of having attracted the attention of artist communities around the world (Hic et Nunc, https://TEIA.art, hen.radio), many of whom were gentrified out of ETH's ecosystem due to high gas fees, which shouldn't be underestimated since attracting users is often the hardest thing for platforms to do. This puts Tezos in a very good place in the next few years as the race for #NFTs and metaverse projects starts to ramp up - these products will be judged by their artistic quality, and the platform with the highest concentration of artistic talent will likely win. Anything could happen so everything is still TBD, but the race may have just gotten much more interesting as new contenders for #Web3 relevance continues to grow.
Long
by RyanTanaka
Quick Look at CHRHere's a quick look at the CHR Daily chart . As we can see, the price has broken out from its bigger downtrend and a bigger reversal could be upon us. If you didnt catch the breakout from the previous setup , then the best entry now would be when the price breaks above 0.682$ with good amount of volume . Definitely one to keep an eye on! ------------------------------------------- The idea is: Buy when the price breaks above 0.682$ and take profits at the levels shown in the chart. Targets: 1. 0.75$ 2. 0.86$ 3. 0.97$ 4. 1.24$ 5. 1.5$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
3
Klaytn :KLAY/USDT Analysis 📈📉Hello Crypto community Welcome to this introduction for another high potential crypto project.🚀💰 🔹Rank #48,/ kind : coin \\ Market Cap:$3,209,200,551\\ Fully Diluted Market Cap : $12,464,391,891===> GOOD Total Supply: 10,782,297,981 /// Circulating Supply:2.78B KLAY ( 25.7 %) ====> RISKY 🔰What is Klaytn? Klaytn is a public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore. These business expansion activities are supported by the Klaytn Growth Fund, which aims to grow the ecosystem built on Klaytn. The fund is managed and disbursed by Klaytn Foundation, a Singapore-based non-profit organization established in August 2021. Coinarketcap-klaytn.foundation ------------------------------------------------------------------------------------------------------------------- 📊Technical As you can see on the WEEKLY timeframe for KLAY/USDT ,since APRIL 2021 that it recorded its ATH about $4.35, it has been declining ,and compressing in a supposed symmetrical tringle and accumulation phase , thus I think it gathering its power to have a possible jump from here. Its already trading on the pivot zone , and I don't think it loses this important zone but if it loses that then can fall on the volume gap as its lower support zone an so on . but if it want to rise , at first it should be able to breakout the descending trendline and then likely after a pullback it can attack to higher resistance zone , and in the second attempt if it be able to overcome the resistance zone and and stabilize itself above it , then the price will increase more and can touch the higher targets in this case. 🛑resistance zone: $2.37-$2.5// descending trendlines 🆚Pivot zone:$1.111-$1.3 ❇️support zones: $0.706-0.78///$0.44-0.54 -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
K
by PRO_SMART_Trader
Ready for an EPIK trend reversal??EPIK Prime change its trend from all time low and doubled in a single day. Now is consolidating, but let`s pay attention to the fundamentals! Binance Smart Chain has launched a $200 million investment program with Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse. Even George Soros invested in Animoca Brands recently! But which crypto is Animoca`s metaverse? “Animoca Brands’ investment into Epik is part of an ongoing and powerful synergistic partnership,” said Animoca Brands co-founder and chairman Yat Siu. “Together we are stronger. We look forward to expanding our presence in brand licensing, gaming, and metaverse ecosystems.” EPIK Prime Token Will Drive Development and Advancement of Cross-Chain Gaming Projects and Protocols around NFTs and Brand Licensing for Metaverse Digital Merchandise. EPIK Prime is backed by Animoca Brands. Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products utilizing popular intellectual properties such as Formula 1, Marvel, Garfield, Snoopy, Thomas & Friends, Power Rangers, MotoGP, and Doraemon. Animoca Brands' portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. Animoca Brands was recently valued at over one billion USD! EPIK Prime produces the world's premium digital items. They work with: 250+ Game Companies 50%+ Top Games in the World 1000+ Brands 1B+ Gaming Userbase Their team comes from Nintendo , Tetris, IBM , and Pokémon. Brand clients: Universal, Warner Music Group, TENCENT Games, SONY Music, CAPCOM, Bandai Namco, SNK , Valiant, Hustler, Funimation, Head, Zenescope, DMG entertainment, Ultraman, World of Dance, Head and others! My price target for this year is the 0.62 resistance. Still early to enter.
Long
by TopgOptions
3
This ALT Can 5x - Do NOT MISS IT MartyBoots here. I have been trading for 15 years and I am here to share my ideas with you to help the Crypto space. Bitcoin Is trying to put in a bottom soon and we in CryptoCheck intend to be prepared for it DO NOT BE LEFT BEHIND ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ------------------------------------------------------------------------------------------------------------------------------------------------------------
RLong
by MartyBoots
19
AXIS IS ON STEROID BUT PULL BACK IS IMMINENTThis asset has seen a great upward force lately, this has helped push the price of this asset positively. AXS is currently at FIB23.6 and it may act as a resistance if the buying force is not enough to breakthrough. I took profit today on my short term investment Axieinfinity with a whopping 40% return on investment. My next TP will be at FIB38.2 which is around $90. I am bearish for now. trade with care. Kindly like, comment and follow.
Short
by ForexClinik
$GMT/USDT 2h (#BinanceFutures) Ascending channel on resistanceGreen Metaverse Token (a.k.a STPEN) is up-trending strong but looks very overbought here and is likely to retrace down short-term. Current Price= 2.27718 Sell Entry= 2.27415 - 2.48229 Take Profit= 1.95385 | 1.61648 | 1.35010 Stop Loss= 3.0982 Risk/Reward= 1:1.2 | 1:2.15 | 1:2.9 Expected Profit= +17.84% | +32.03% | +43.23% Possible Loss= -14.93% Fib. Retracement= 0.236 | 0.441 | 0.618 Margin Leverage= 1x Estimated Gain-time= 1-2 weeks Tags: #GMT #GMTUSDT #Web3 #NFT #Metaverse #Social #Gaming #BinanceLaunchpad #BSC #SolEco Website: www.stepn.com
Short
by TradingOn
Trending after its pullbackIn the two cases provided below, the case for the Sandbox and Decentraland are this market trending upwards. Similar is it for the case of Flux. Something to note is that flux is trending after its initial pullback. Entry Price: 1.29 Stop loss: 1.24 Target Price 1: 2.00 Target Price 2: 2.27 Target Price 3: 2.93 The general sentiment in the metaverse tokens is that this market is trending and with other metaverse tokens trending would the market sentiment lead to the Flux token be trending in the long term. Seen in this chart is the token is overbought in the short term and the MACD is about to close in the short term. This is not financial advice.
by vf_investment
Metaverse tokens like The Sandbox The shift seen the past couple of days are a trend where metaverse tokens are trending and the biggest one is the Sandbox metaverse where quite a few celebrities like Snoop Dogg and Steve Aoki have invested. In this chart can we see the Sandbox breaking the downtrend and the price is in the higher KC as well as a stable upward trending RSI with a lot of gas left until the token is overbought. MACD is also showing signs of opening upwards as well and the signal line is crossing the MACD line. On the four hourly chart can we also see that volume is increasing which pushes the price upwards. Not financial advice.
Long
by vf_investment