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LONG REP/USDT - setting up for possible breakout...Augur is a decentralized prediction market project aiming to use “The Wisdom of the Crowds” to create an accurate forecasting platform. Augur is creating a decentralized open-source prediction market platform and oracle service. The project was founded in 2014 and released an alpha version of the platform in June 2015. Due to issues with the Serpent language, which pre-dated Solidity, the team had to re-write their code in Solidity leading to a delay in development. Augur launched their beta in March 2016 and mainnet in July 2018. Prediction markets on the platform will enable users to create a market for forecasting a specific future event, such as who will win the next election or which team will win the World Cup. Participants in the market will be able to buy “shares” of the specific outcome they see as most likely. At the end of a pre-determined period the outcome is checked and those that own shares in the correct result receive a monetary reward. Prediction markets can be useful tools in tracking the true sentiment for results, as typically only the most informed individuals will risk money when making a prediction. The team believes that by creating a fully decentralized prediction market they can overcome issues seen in centralized markets such as needing to trust that a result is correctly reported and that a payout is received. In addition, by creating a framework for the creation of these markets users can forecast the outcome of almost any event. Once a market is created trading begins immediately. The outcome of the event is determined by Augur’s oracles which are incentivized to report on event outcomes. Upon determination of the outcome, traders can close their positions and collect their payouts.
RLong
by HodlTradeCrypto
Ocean Protocol is Bullish A.F - Excellent Fundamentals and HypeFundamentals Yesterday Ocean/ BTC was listed on Binance, today Ocean/USDT was listed on Poloniex. Tomorrow Ocean/USDT is listed on Binance. This is bringing much more liquidity and volume to Ocean, plus Coinbase has shortlisted it as a possible to list there, so rumours are pumping and the community is like a wild rabble with moon shots in their eyes. Alot of people are targeting $1/Ocean, so we have a lot of potential upside here. Chart Ascending triangle forming here on the 2 hour chart, target as shown. Potentially 30% gain with 10% stop loss. Or more conservative entry on breakout with volume .
OLong
by HolRiz
Fed Protocol, BoC, and the UKAs we all know “the market is addictive to news”, it is not wondering that yesterday’s testifying to Congress by Fed Chair Jerome Powell, the announcement of the Bank of Canada decision on monetary policy, as well as a fairly extensive block of statistical data from the UK, led to increased volatility in financial markets. Let's analyze these events in chronological order. Great Britain relaxed quite positive data, which triggered the pound growth. Recall, we recommended its purchases, so those of our readers who looked up to our advice made good money. GDP and industrial production value have increased we cannot but mention the data on construction and trade balance that pleasantly surprised, appeared much better than forecasts. Bank of Canada holds interest rate steady, Federal Reserve Chairman Jerome Powell said that rate cut is not a panacea. Jerome Powell’s testimony at Congress. Markets expected him to make statements/comments about the Fed rate cut. However, Powell noted that the risks remain steady for the US economy, due to business investment slow down caused by the trade war, while inflation remains weak, which suggests that interest rates might be reduced this month. After Powell's testimony, the minutes of the last FOMC Fed meeting were published. Which only strengthened markets confidence in lowering the rates in the USA. The discussion of the Fed members about the prospects for monetary policy at the last meeting showed that there is a strong bias towards cut rates. The result is a short dollar. But inflation statistics from the US, as well as the second day of Powell’s testimony, may well trigger a rise in volatility in pairs with the dollar. Our trading recommendations for today are as follows. We continue to look for opportunities for selling the dollar (USDJPY, EURUSD, GBPUSD). Sell the Russian ruble. We are looking for points for sales of gold, which again climbed very high.
Long
by Trade24Fx
XVGBTC - Bearish Flag (SHORT)Alright, so the Wraith protocol release was a huge disappointment, and the market reacted in a understandable way. However, given some indications it seems that the correction may not be over. If we break the top support of the flag (upper blue line), we may see some bullish movement (very doubtful of this at the current moment). If we break the bottom support of the flag (lower blue line) we will see further bearish movement, which is the direction it seems that we are headed for. Given the previous market support and resistance barriers, the purple lines indicate barriers that the market will have to test as we move up and down in price. Expect market reaction around these levels.
Short
by yeeyee2020
6
(Short Term) XVG End Sprint Tonight! I have been following XVG for a while now, as well as its latest update called the Wraith Protocol. Wraith Protocol basically allows true anonymity by hiding transactions from the Verge blockchain, making it the stealthiest coin of all. Because of that, XVG has been climbing for a while already. But the real explosion is about to happen in my opinion. I noticed multiple large buy orders at the 116 - 120 range today, accumulating for (most likely) tonight. It's going to be volatile and it's going to be rough, but real short-term profit will be possible. Check when the Wraith Protocol is due here: wraithprotocol.com Once the wraith protocol releases, XVG will likely decline in price (until all criminals in the world start using XVG due to truly anonymous transactions), lul! =P
Short
by Cointact
14