Ethereum's Market Dynamics PMI Forecast (Short)In the Ethereum community, traders are keeping a close eye on recent crypto market happenings, especially how Ethereum compares to Solana. They're discussing technical stuff like patterns and support levels for ETH/USD.
One hot topic is Solana's decentralized exchanges outdoing Ethereum in daily trading volume. People are feeling positive about Solana's success and wondering how it might affect Ethereum's place in decentralized finance (DeFi). Traders are thinking about how this competition could impact Ethereum's market share and user activity, seeing it as a positive sign for Solana's DeFi growth.
In this mix, there's a generally positive vibe around Ethereum. Community members are sharing insights on technical analyses, highlighting support and resistance levels, and looking into short-term trading opportunities. But, there's a key event to watch out for: the ISM Service PMI forecast on February 5th at 10 am.
The ISM Service PMI, expected to be 52 with a previous reading of 50.6, matters because it tells us about the growth or shrinkage of the services sector. Since Ethereum is influenced by overall market trends, traders and investors will keep a close watch on this economic indicator. It's important to note that if the forecast is too optimistic, it might create uncertainty, leading to a reassessment of market feelings and a possible price change for Ethereum.
To sum up, being part of the Ethereum community means navigating through technical details, DeFi competition, and the upcoming ISM Service PMI forecast. While there's generally positive thinking, the high forecast raises a caution flag, hinting that Monday, the 5th, might bring a potential price shift in Ethereum as the market responds to economic indicators and competition dynamics.
#Ethereum #TradingView #CryptoAnalysis
DEFI
TITANX: Phase 2 is beginningMy confidence in TitanX as being one of the best plays for this bull market grows..
the more I start peeling at the onion layer of the tokenomics,
and the ecosystem that is being bootstrapped at built around this #Defi play
This week see's the launch of the first Dapp built on titanX in only 80 days!
The founder is also launching two protocols that are built to burn TitanX
plus a myriad of other protocols, games, NFT's that are emerging at a rapid pace.
Also factor in the rapid disinflation that is in the protocol/.
This could really fly this bull market.
WHICH Coin should you be accumulating?! #BTC or #HEXWe all know that S coins offer the biggest return on investment!
And also inherently the most amount of risk
--- minus 85 to 99% has often occurred in the past in previous bear markets for S coins.
But yet, at some point we witness
an incredible,
FOMO,
and S coin frenzy
that #Bitcoin
simply CAN NOT provide!
ADD into that the Backdrop of Richard Heart
defeating the corrupt #SEC
#DEFI season 2.0
initiating and igniting
#HEX on #Ethereum could totally 20X from here.
Whilst #BTC only does a 1.5X from here.
My preference
would be to buy HEX on Pulsechain --- pHEX
PLSX or even PULSEchain itself.
But I understand that some people do not want to migrate over to Richard's chain ...
or simply are too lazy to figure out how.
this is where eHEX still has a use case and speculative asset.
Richards's FIRST coin.
So,
Stack sats or
Stack or Hearts
All I can say is that ...
Contrarians often make the biggest gains :)
#UNIBOT/USDT 12h (Gateio) Falling wedge near breakoutUnibot pulled back to 100EMA support, looks ready to bounce and resume bullish from here.
⚡️⚡️ #UNIBOT/USDT ⚡️⚡️
Exchanges: Huobi.pro
Signal Type: Regular
Amount: 7.7%
Current Price:
72.17
Entry Zone:
72.15 - 66.11
Take-Profit Targets:
1) 90.57
1) 106.72
1) 122.87
Stop Targets:
1) 51.19
Published By: @Zblaba
$UNIBOT GATEIO:UNIBOTUSDT #Unibot #Telegram #Bot unibot.app
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +31.0% | +54.4% | +77.7%
Possible Loss= -26.0%
Estimated Gaintime= 10-30 days
Kaspa Potential Buy Level - Sell Zones Technical EvaluationWe Have had alot of requests lately to chart this asset, currently, I would not recommend buying this token until it crosses some pivotal levels outlined in the chart, or it drops to my buy level. The R/R level on this asset is just not to my liking, I would recommend setting alerts or limit orders at my target buy-in level ($.09229)
Here is a breakdown of the prices outlined in my chart.
Heavy Support level: .08811
Target Buy-in Level: .09229
Major Resistance: .11128
Target 1 Sell-Level: .12586
Major Resistance level 2: .17181
Target 2 Sell-Level: .18673
Minor Resistance level: .20994
Target 3 Sell-Level .30886
Now for some fundamental analysis on Kaspa
At the current moment in time there is a ton of misinformation reg arding this coin going on, For example a large amount of bag holders are exclaiming "A binance or Kucoin listing is surely around the corner" and "This whale wallet buying and moving all this CRYPTOCAP:KAS is actually Binance"
The latter can be disproved with 5 minutes of internet surfing and a tiny bit of logical deduction, The so called "binance wallet" interacting with this large amount of kaspa is actually Kucoins Kaspa holdings and it has been steadily decreasing since December 21st
coinmarketcap.com
The desperation of bag holders who missed the top is a negative factor contributing to the downward trend in CRYPTOCAP:KAS we have witnessed recently, which is why I am waiting for a solid entry point before actually entering this position. I recommend you set alert levels at my Potential buy-in level 1 and Major Resistance 1 and Target 1 sell-level.
Here is a bit of General information about CRYPTOCAP:KAS (Referenced from coinmarketcap)
Kaspa is a proof-of-work (PoW) cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency.
The Kaspa implementation includes a lot of cool features such as Reachability to query the DAG's topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.
Alph - Generation Wealth Generator? Massive Gains ahead
Alephium: Revolutionizing Decentralized Applications
Price Points to watch
Support Zone: $.8344 - $1.15
Resistance Level: $1.33 -$1.65
Target 1: $2.14
Target 2: $2.65
Discover Alephium, a cutting-edge blockchain that seamlessly blends innovation, scalability, and security to cater to the needs of both developers and users alike. With its mantra of being scalable for developers, secure for users, and decentralized for all, Alephium has emerged as a powerhouse in the realm of decentralized applications (dApps).
At the heart of Alephium's prowess lies its ingenious combination of innovative sharding, expressive sUTXO (stateful Unspent Transaction Output), and an efficient Proof-of-Less-Work (PoLW) consensus mechanism. This triumvirate not only ensures the security of dApps but also lays the foundation for their scalability in real-world use cases.
From its technical design to user interfaces, Alephium has been meticulously crafted to confront the challenges faced by decentralized applications head-on. It introduces a programmable and secure environment, presenting a stateful UTXO model that not only achieves layer-1 scalability but also matches the programmability level seen in Ethereum's account model, all while providing enhanced security.
Alephium stands out as an eco-friendly choice in the blockchain landscape, thanks to its Proof-of-Less-Work mechanism. By dynamically adjusting the work required to mine new blocks through a combination of physical work and coin economics, Alephium manages to achieve the same results with only 1/8th of the energy consumption compared to Bitcoin, making it a sustainable option for environmentally conscious users.
In addition to its scalability and energy efficiency, Alephium introduces its custom virtual machine, Alphred, to enhance the on-chain structure. Alphred not only addresses critical issues present in current dApps platforms but also brings forth significant improvements in security, development experience, and introduces new paradigms such as trustless peer-to-peer smart contract transactions.
For those seeking a blockchain that pushes the boundaries of what's possible in decentralized applications, Alephium stands as a beacon of innovation, offering a secure, scalable, and decentralized ecosystem that pioneers a new era in blockchain technology.
SCALLOP SCLP Is About To Start A MAJOR Uptrend!The SCLP chart is probably one of the most bullish bottomed out altcoin charts out there in crypto.
I expect it to reach up to $2 within the next 3 months.
besides the great chart they have a awesome product (DYOR) with loads coming this year.
All of this is of course dependant on what Bitcoin does.
let's see what happens.
BEAMSWAP #GLINT is a DEFI hub on MOONBEAM - - poised to deliver!Moonbeam is a parachain that brings ethereum dapps to Polkadot ecosystem
Beamswap is a DEX / Yield Farm a DeFi Hub if u will on Moonbeam
This the TVL on beamswap priced against #GLMR
This bearmarket drove down the TVL to rock bottom ratios
BuT I believe we will see this ratio return to former glories in the coming two calendar years.
FILECOIN ($FIL) - Run it up to the highsFilecoin is developing a long setup if the criteria is met - that is hold the MS break level (keep bullish structure in tact) and reclaim the macro range eq (black dashed line EQ).
So long as it manages to do that, it will push the highs once more. At that point we monitor to see if it breaks out of the downward diagonal and pushed HTF Resistance or if another correction is due, but let's not get ahead of ourselves.
First thing is first, maintain our current low and begin to put in strength soon.
Otherwise I think we revisit Q1 level (lower range quadrant).
Watching this closely over the coming week.
Vatsik
The Defi-Ledgend Makerdao on the road to 4000$The Defi-Ledgend Makerdao is obvious on the road to 4k the question remains how this will playout exactly. As shown in the chart there is very little weekly resistance, but perhaps playground enough to shake out a couple bears in the worst scenario. On the other hand, there is little bearish about Makerdao, I mean look at this beauty....
Target 2024 Q2-3 - 4000$
#AMB/BTC 2D (KuCoin) Descending channel breakout and retestAir DAO (f.k.a. Ambrosus) has been moving inside a big wedge and bounced back on oversold territory, forming a morning star.
Volume has not kicked in yet but once it does, looks like it will head towards 200MA resistance.
⚡️⚡️ #AMB/BTC ⚡️⚡️
Exchanges: KuCoin
Signal Type: Regular (Long)
Amount: 3.0%
Current Price:
0.0000001743
Entry Targets:
1) 0.0000001718
Take-Profit Targets:
1) 0.0000003992
Stop Targets:
1) 0.0000001149
Published By: @Zblaba
MIL:AMB KUCOIN:AMBBTC #AirDAO #Ambrosus #L1 airdao.io
Risk/Reward= 1:4.0
Expected Profit= +132.4%
Possible Loss= -33.1%
Estimated Gaintime= 2-4 months
Link wave 5 in or coming?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
BIST:LINK update. 🧵
In @ 13.92, TP.
Thinking #Elliottwave sideways possibility since the price got up here.
I also know sideways can be tricky.
Trading tricky is tricky.
There are ways to minimize getting chopped.
2 W5 coming counts, if It's not in already...
New high=clarity
The buy zone is where there is complete apathyand hardly anyone is around.
#HEX has been the ultimate rollercoaster of emotions for everyone involved with this coin
I believe there is still further downside
and a VERY distinct possibility we add another zero to the price.
It is at only these low prices once can possible ride up a 100X + on this coin
Just my two hearts
can u imagine confirmation of a multi year legal fight with the SEC in November...
That is how we could totally see another 70-80% destruction of value..
at which point all the bad news will definitely be reflected in the price.
<3
PPBLZ. Still bullish after whale out.In addition to the formation of a triangle and a global downward channel, the price forms another, more global and more downward channel. Notice how exactly the price touched resistance after sold out of one of the main whales - this means the channel is valid, since at such a time interval the price did not violate the channel structure.
Now as before, I remain bullish on PPBLZ .
By break wedge(LDO)📊Analysis by AhmadArz:
wait for breake wedge
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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On the Bullish Road, DYDX has to stop at some station | LongBiasOn week chart
DYDX has grown through 1 year and reached to 4,363 on Nov 2023
Now, DYDX is pulling back to lower to accumulate awhile before going up
My view for this bullish around 6,3 that's #SupplyZone
DYDX has #Support around 2,17 this zone is #Apex between two trend lines
Time will tell
MELD: $0.023 | a Cardano De-Fi Protocolproject is decent
float is healthy 37% of which is active
cap is $34M under valued for now
team .. reminds me of QTUM
eventually price discovery shall be rewarding for current investors
Chromia Technical Analysis - 1000%+ Gain Potential What Is Chromia (CHR)?
Chromia is a relational blockchain platform that aims to make it easy for people to build decentralized applications (DApps). It was founded by ChromaWay, a company that has been working on blockchain solutions since 2014 for various sectors such as finance, real estate, gaming and public services. ChromaWay is also known for creating colored coins, which are user-defined assets on a blockchain that can represent anything from currencies to stocks to collectibles.
Chromia’s vision is to enable a new generation of DApps that can scale beyond what is currently possible and address real-world problems in various domains such as gaming, social media, finance, healthcare, education, governance, and more.
Some examples of DApps on Chromia include: My Neighbor Alice (ALICE), a multiplayer blockchain game; LAC PropertyChain, a land registry system; Green Assets Wallet, a platform for green bond verification; Hedget (HGET), a decentralized options protocol; Corite (CO), a music streaming service; Chain of Alliance (COA), a strategy game; Vault12, a digital asset custody solution; Domenation, a blockchain gaming project.
Price Levels to watch
Support Level: $.2091
Break out Zone: $.3195
Target 1: $.5903
Target 2: $.8893
Target 3 (Major Resistance): $1.06
Extended Target 1: $1.86
Extended Target 2: $2.403
Extended Target 3: $3.7785
Uniswap / governance protocol poised for success in bull-runAfter multiple bounces along the Purple support zone (3.32) - it seems inevitable that we are going to test the next resistance level at $7.72.
If we can successfully break that level my next targets are as follows
Target 1: $10.17
Target 2: $20.20
Mid/Long term target 1: $29.60
Mid/Long term target 2: $35.74
UNI is the governance token for Uniswap. UNI was introduced on 16th September 2020 through a retrospective airdrop to users who have interacted with the protocol either by swapping tokens or by providing liquidity.
The UNI token allows token holders to participate in the governance of the protocol. Key decisions such as usage of the treasury or future upgrades can be decided through a governance vote.
What is Uniswap?
Uniswap is a decentralized exchange (DEX) that makes it easy for users to swap an ERC-20 token for another ERC-20 token without the need of a centralized intermediary. With a DEX, traders do not have to deposit their tokens on an exchange and be exposed to the security risks of a centralized exchange.
Users just need an Ethereum wallet like Metamask and they can immediately start swapping tokens. Users can then swap tokens directly without the need of an orderbook. This works using an Automated Market Maker (AMM) where Liquidity Providers (LP) deposit tokens into the smart contract and this liquidity then provides a price quote to traders without relying on any professional market makers. Liquidity Providers are compensated with a 0.3% trading fee for providing liquidity on the protocol
$WIFI MAP - Future Super DATA protocol - Massive potential.A solid project that has already had great success in the Web 2 Space, Large adoption and critical use case.
Projected Targets and support levels:
Support zone $.0470 - $.00638
Target 1: $.0988
Target 2: $.1919
Fib Extension 1: $.2705
Fib Extension 2: $.3959
WiFi Map is a super app with the core asset of a community-driven decentralized wireless network that incorporates a database of 4.5 billion WiFi hotspots. Which has already achieved great success in Web2 space, reaching 150,000,000 million users, MAU 3,000,000 million and DAU 300,000 users, and is now ready to revolutionize the Web3 space with the vision of becoming a global virtual network operator.
CSE:WIFI and in-app wallet. An ERC-20 token on the Polygon network and the currency underpinning the entire WiFi Map ecosystem. CSE:WIFI will be stored on the proprietary in-app wallet as well as third-party wallets. There will be a 20%-40% discount available for redeeming services via the token inside the app, in addition to lockup and staking rewards. Furthermore, the tokenization of the platform will bring redeemable rewards for those who rise up through the ranks of the leaderboard and create further incentives for community members to contribute to the platform by adding hotspots, verifying credentials and running speed tests.
Participate-to-earn: earn tokens for adding hotspots, verifying credentials, and running speed tests
Beneficial terms for partner services: enjoy special terms when accessing partner services including power banks.
Tipping: leave CSE:WIFI tokens as a gesture of thanks to the person who added your favorite hotspot.
eSIM cashback: when you purchase eSIM data, you’ll receive 3–5% instant cashback in CSE:WIFI tokens. When you redeem CSE:WIFI tokens for eSIM data, you’ll receive a 15–20% token cashback reward.
Hold-to-earn: hold CSE:WIFI in your in-app wallet to earn eSIM data.
WiFi Map DAO: 10% of all redeemed CSE:WIFI flows into a DAO, where the WiFi Map community can decide on the best way to grow the ecosystem.
HNT Ballooning to new Heights - Potential Price TargetsHelium Network is an extremely promising venture, Not only due to its revolutionary vision but also its solid team and feverish community of supporters.
Solana Phone is likely to bring the price to new highs, very soon.
Here are my current price points for HNT
Support zone: 5.28 - 6.883
Resistance Level: 7.82
Target 1: 11.11
Resistance Level: 12.02
Target 2: 13.79
Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.
Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.
Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.
Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.