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$ORN: Bullish fundamentals and a look at current price actionOrion protocol's calculator announcement and subsequent pump has resulted in us hitting some expected consolidation and what looks like a pretty clear rising wedge formation. In such a bullish market? This pattern could break upwards, but I'd bet that it's going to test the previous top of the pump wick at exactly $13.00 If I wasn't just accumulating and holding this? I'd put some low leverage longs to maybe catch that dip? Or if you're trying to be conservative. Buy the breakout above the top of the rising wedge trend line. Either way. If the staking rewards are even a quarter as profitable as they claim? This project will skyrocket in value. I'd guess upwards of $40 in the next few months if not sooner. Free money is very very attractive to the new money flowing into crypto. And for seasoned traders, this price action supported by the fundamentals is a no brainer. PS: The Orion gateway exchange is the #1 thing that I wish existed right now in crypto. One of the biggest barriers to entry is the silo effect of different exchanges and the different coins they offer. Having to switch between exchanges and constantly move money around is an annoying reality that most of us just deal with, but to a new person in the space, that is a daunting task. Thinking about not only the liquidity and cost savings that the Orion Protocol will provide but the ease of use and the layman adoption of being able to swap any token for anything is so massive. This thing has the potential to really really go.
OLong
by its_maxbro
Why are you bullish on Cardano (ADA) ?Genuine question with the aim of getting points from ADA holders that believe in in the tech™. I am surprised it was able to outperform major coins by market cap YTD. Can anyone speak to their experience of working on/using Cardano? Testnet, mainnet, or anything else. Some news I've found: "The first major difference following the upgrade is that there will be “no execution fees,” which are usually charged to a user when interacting with a token smart contract on the Ethereum blockchain, known as gas fees. " Source "Once smart contract functionality is brought to Cardano’s mainnet, the platform will be able to host a variety of dApps including decentralized finance (DeFi) protocols, a sector that has been one of the main driving forces in the growth of the cryptocurrency sector over the past year. " Source
CRYPTOCAP:ADA
by NeoButane
4
$LINK: Some perspectiveI think it's always important to look at larger time frames when truly considering a long term hold asset like $LINK. Remember fam, we're early investors in one of the most important technologies to the entire crypto space. Looking back on 10 dollar price swings, will be something that we all laugh about in the near future. I will never tell you what to do... but I bought the dip at $27, and I'm buying more at $25, and I wish I had bought more at $20.... Technically: This logarithmic weekly chart combined with a simple pitchfork, really shows us the trend we are in. We can see how this weekly candle falls safely inside that trend and how the lower wick tested and is currently respecting the median. If we draw some "what if" price action? We can clearly see that a dip to $7 dollars would still be contained by this trend, and that it would still be extremely bullish. In the next few months... if we pumped to $60 dollars, corrected back down to $30 and then pumped back up to $127 dollars it would be captured by the 1.0 prongs alone! TL:DR #Chainlink is a long term hold. We're holding and accumulating as much as we can before institutions start completely relying on smart contracts, and the chainlink network becomes the pillar that an entire digital economy is built upon. Until then? Just take a step back and have some perspective. Enjoy the ride.
BINANCE:LINKUSDLong
by its_maxbro
11
Icon (ICX) To $31.50 by Middle of July.Hello everyone. I wanted to lay out my thoughts on ICX and where it will be going in the next 4 months. Currently Icon (ICX) is valued at $1.75 or around there. I believe Icon will be valued at near $32 by the summer. I have a few things to back this sentiment up. This will take some time and explaining. So if you want to grab some popcorn or something. First things first, the W%R I believe it will stay supported until the summer. The reason for the support is the continuous work on the platform. Anything above the -20 is considered over valued, but when an asset like icon is still undervalued it can and will stay up there until a trend reversal happens. I believe that this trend will persist through the summer for the following reasons. Balanced DOA weekly Airdrip. ICX scarcity. ICX Defi. ICX staking. South Korean retailer Danal. The Balanced coin is to be distributed to ICX staking participants weekly starting some time in March. The protocol acts as a debt/collateral loan that generates weekly interest. In order to collect interest you must first stake ICX on the verified wallets. You must have a collateral to loan ratio of 4/1. So for every $400 you will get a loan of 100 balanced tokens. These tokens will generate interest over time. And they can be swapped for the pegged value of both digital and physical assets, through the DOA technology. This alone is huge, but isn't all that needs to be considered. If you have time and are this far, I recommend reading the white paper of the Balanced coin here. balanced.network ICX Scarcity. There is a circulating supply of 525M icx. As of writing this, it's market cap is close to that of $900M just under a $1B market cap. At the value I believe the coin will go to, $32 the market cap of ICON would be closer to $16.8 Billion USD. This would put it at a similar market cap of ETH when it was $160. Why am I comparing it to ETH? Because it has similar functions. The ability to build native tokens on its network. ICX actually has just gone through an award adjustment. The more icx that gets staked the less icx there will be split between everyone. Icx will become more and more scarce as more people start staking. You can see how much you could earn monthly and how much is staked on the network here. icxstakr.io Icon just last week released their Icon-Fi wallet. Allowing you to stake and generate interest on USDC, BTC, and ETH and of course...ICX. The returns need a minimum of 0.01 BTC and 0.5 ETH before interest is generated. I'm not sure why but no one is talking about this, but I feel like by itself icon should be up there with AAVE and uniswap alone. Given how absolutely insane ETH gas prices are, that is probably the reason. No one wants to move their assets around on ETH. The gas price is just to high. As for staking the ICX token, I have talked about it already but every coin staked takes 8 days to become un-staked. So it does take time through the network but that's why the first point with the balanced coin is so important. seriously. If you have the time to read this. You probably have time to read that white paper. I'll post it one more time right here. balanced.network Alternatively if it's late where you are just buy some ICX and go to bed and don't just hold it, stake it and get ready to collect your balanced coins. My last point that I am bullish on is the South Korean retailer Danal. They do $5.5 B worth of sales from 60,000 shops in Korea including 7-11 gas-station, Domino's Pizza, and KFC. Currently on the Korean iOS store paycoin, the application used from Danal Korea is number #4 and growing on the free to use applications service. The number one application is upbit the largest Korean crypto exchange. The acceleration is coming, and I hope you all don't miss it. www.cryptoninjas.net Anyways those are my thoughts and feelings on the subject. The charts a bit messy, but for the most part we will be going through the parallel channel and being stopped by the rainbow of fib resistances on the way up. Hope you all enjoyed the reading. Peace out.
BINANCE:ICXUSDLong
by Goldkodak
17
Pancake Swap TrendThe last month has been quite a ride for the easily accessible swaping and staking platform "PancakeSwap". Here we can see in a 4 day cycle they have had a steady increase of 78% up to a maximun 123%. Since the platform hasnt reach its full potential and if it keeps following this trend. It will pass by uniswap in the following month to come. Give it atleast 3 more cycles and we could see the price increase anywhere from $10 to $25. Since the platform burns excess coins by lotery and has an easy to understand platform. They also have pools with 100%+ APY with extremely low fees that help increase value. If your new to the crypto world, do not jump quickly into a swap. First dip your toes with simple exchanges and once you feel you have a firm understanding, concentrate your attention to platforms like PancakeSwap. BINANCE:CAKEBUSD
C
by Lightests
2
Polkadot is Worth Taking a PositionPolkadot has proven itself as a serious contender crypto, moving up to just behind Ethereum to be the 3rd largest crypto (ignoring Tether and Ripple which IMO aren't real cryptos). It's had two huge moves up since December and is now in a sideways flat top consolidation. There's a good chance for a flat top breakout and another move up soon. Even though it's now the 3rd largest crypto it's still quite small at $15B market cap compared to Ethereum at $156B and Bitcoin at $636B. There's a lot of upside potential. It's certainly worth me putting a small position into the crypto to see where it goes. I bought Polkadot on Kraken which is an exchange that provides staking*. So while I'm waiting for the breakout, I simply selected my position to be "staked" and immediately I'm getting a 12% annual return (paid out in Polkadot twice a week). Try to find that sort of return at your bank or broker. Ethereum can also be staked but it's a functionality in development and has some restrictions. If you were unaware of staking, you should look beyond Bitcoin into some of the newer things happening in crypto today. I'm not an investment advisor and this is not investment advice. It's just a description of what I'm doing and my thoughts. ---- *Staking is using your crypto to help secure the Polkadot blockchain and validate transactions on the network. In return you get paid in Polkadot. It is related to bitcoin mining on bitcoin, but rather than requiring a lot of specialized mining computers and expertise, anyone can participate.
KRAKEN:DOTUSDLong
by MystryBox
1
$KAI- KardiaChain UNERVALUED - READY TO GO!Kai doesn't have much historical data to go off of. I've been in the crypto space since 2015. Many of these coins follow very similar patterns following their conception. KAI is no exception. Very strong team located in the Mecca for Crypto. Working hand in hand with the government to make a fully crypto city. Team stays focused and does not worry about price. Once this project gains attention, the limits are boundless. In my opinion this is the most undervalued cryptocurrency currently on the market. DO SOME RESEARCH.....look at their partnerships....look at their mergers, this team is legit. This coin is definitely part of the "risky" part of my portfolio, even though I feel that it is a very safe play and a year from now I feel I will be right. Not financial advice.
KLong
by Nutty_Trader
The sleeping giant awakes - XTZDear traders, Intro: My name is Hugo, I am 24 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only. Analysis: Tezos went sideways for months, which gave MM's (Market Makers) enough time to stack up. Besides that I think Tezos has great fundamentals and I am very curious how this project will develop itself in the upcoming bull cycle. I have accumulated nice bags around 1 & 2 USDT. Conclusion: You are not too late to get in, however, I do not recommend waiting too long. Goodluck, Doctor Hugo
Long
by Doctorhugo3
6
FlamingoStill a new coin, started in September, so finding its base but not a lot of data. After the inital problems with wallet fails on the first day of staking, they appear to be on top of issues and running on time. Next item on the timeline is Vault Phase 3 - Stablecoin Issuance - 28th of Nov 2020 - No idea what this is, guessing they will be starting a new stable coin. Interesting project, lets see if they can add some fundmental value to FLM. Back to the charts - We have seen a parabolic fall from $4.50, transition into a gradual downward wedge. - Still weak - under all MAs - Downward pressure with staking coins as people continually sell as they are earned. - Have noticed a Bullish divergence that played out on the 17th for a 10% rise - Currently have a new one presenting. - Small bounce off bottom of wedge. - If it hits the top this is about a 5% move. - Volume seems to be dropping off, less sellers or interest? - Risky trade mainly because its very new. As always take the proper risk management.
by System791
3