#PORTAL/USDT#PORTAL
The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern
We have a bounce from a major support area in the color EUR at 0.4350
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.4525
The first target is 0.4927
The second target is 0.5235
The third target is 0.5590
PORTALUSDT.P trade ideas
test A doorway, entrance, or gate, especially one that is large and imposing.
An entrance or a means of entrance.
the local library, a portal of knowledge.
The portal vein.
A website considered as an entry point to other websites, often by being or providing access to a search engine.
adjective
Of or relating to the portal vein or the portal system.
Of or relating to a point of entrance to an organ, especially the transverse fissure of the liver, through which the blood vessels enter.
From The American Heritage® Dictionary of the English Language, 5th Edition. More at Wordnik
#PORTAL/USDT#PORTAL
The price is moving within a descending channel pattern on a 4-hour frame, which is a retracement pattern
We have a bounce from a green support area at 0.6400
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.7140
The first target is 0.8201
The second target is 0.9340
Third goal 1.07
PORTAL/USDT Breakout Confirmed | Now Getting Ready to Rally👀🚀💎Attention, Paradisers, #PORTALUSDT has recently surged above the falling wedge and is now moving to retest what was once resistance, now turned support, of the wedge. With the Point of Control (POC) of the Volume Profile Visible Range (VPVR) channel providing additional support, the stage is set for a potential bullish continuation.
💎If $PORTAL successfully confirms its support during this retest at $0.754, we can expect a substantial rally fueled by the positive momentum. This setup indicates a strong chance of an upward trend as #Portal looks to capitalize on the solid support at this level.
💎However, if #Portal loses its footing and descends back within the wedge, dipping below the support level, it may signal an extension of the bearish trend, with the $0.705 zone as the next crucial area to watch. This level is renowned for its liquidity and has historically catalyzed significant bullish recoveries.
💎Should #PORTAL test this lower demand zone again, it is imperative to achieve a robust rebound to maintain bullish support. A failure to do so could heighten bearish momentum, sour market sentiment, and potentially precipitate further declines.
MyCryptoParadise
iFeel the success
$Portal researchPORTAL
Portal is a pioneering cross-chain gaming ecosystem designed to connect games from different blockchain networks. It aims to create a seamless experience for gamers by connecting them to a huge number of games through its cross-chain token platform. Portal is built on the Ethereum blockchain, which is known for its reliability and extensive developer community. Portal's technology is designed to enable gamer access and game distribution, allowing Web2 gamers to seamlessly transition into the Web3 universe. The company is partnering with LayerZero to provide gamers with a seamless multi-chain experience, connecting disparate Web3 games to new players through a user-friendly user interface.
The PORTAL token is used for network fees, payments, management, staking, and node purchases in the Portal ecosystem. The token's maximum supply is capped at 1 billion tokens, which supports value growth over time. Portal was introduced at the Binance Launchpool, allowing users to bet on BNB and FDUSD to mine PORTAL tokens.
Tokenomics
Portal has a maximum token supply limited to 1 billion tokens. The initial circulating supply after listing amounted to 167.13 million PORTAL, representing approximately 16.71% of the total token supply.
The project's token distribution is as follows:
Binance Launchpool: 50 million tokens, representing 5% of the total token supply.
Team & Advisors: 230 million tokens, or 23% of the total token supply.
Treasury: 230 million tokens, or 23% of the total token supply.
Private Sale Investors: 220 million tokens, or 22% of the total token supply.
Public Sale Investors: 110 million tokens, or 11% of the total token supply.
Community Incentives - 1: 100 million tokens, or 10% of the total token supply.
Community Incentives - 2: 40 million tokens, or 4% of the total token supply.
Liquidity Reserve: 20 million tokens, or 2% of the total token supply.
The token vesting schedule is critical to maintaining the stability and value of the PORTAL token. It involves the gradual release of tokens to different stakeholders over a period of time, which helps prevent large-scale token resets that could negatively impact their price. This approach aligns the incentives of all stakeholders, ensuring that everyone is working towards the long-term success of the project.
Roadmap
Portal has a comprehensive roadmap that outlines plans for its development and growth. The roadmap is divided into several phases, each focusing on different aspects of the project's development.
Phase 1 (Q3 2023):
Launch of the Portal ecosystem with more than 250 games online.
Launch of the Portal version 1 gaming platform.
Announcement of partnerships with various blockchain networks such as Solana, Avalanche, Klaytn and Polygon.
Announcing the Portal game wallet and launching CrystalDash, a platform to increase awareness and demand for Portal.
Publishing a technical description for Portal and bringing in high-profile advisors to the project, including the CEO of Team Secret and the founder of Rockstar Games.
Partnering with WME, the world's leading talent agency, to help attract mainstream games and streamers to the platform.
Phase 2 (Q4 2023):
Integrate with other blockchain networks and expand cross-chain gaming capabilities.
Launch Portal Gaming Wallet and develop a gaming SDK for easy integration.- Announce partnerships with leading esports teams and IPs.- Launch Portal Discovery Platform to showcase the best Web3 games in the Portal ecosystem.- Launch Portal Staking platform and Portal Nodes network.- Launch Nexus DEX for seamless transactions between assets.
Future milestones (2024 and beyond):
Expanding the Portal ecosystem to include new games and blockchain networks.
Developing new features and tools to improve gameplay and facilitate cross-chain interactions.
Continued efforts to decentralize the Portal platform and ecosystem.
Continued focus on building a strong community and fostering meaningful connections between players, developers, and content creators.
Audit
Cryptoproject Portal has undergone a comprehensive audit to ensure the safety and reliability of its smart contracts and the entire platform. The audit was conducted by Cyberscope, a leading and recognized authority in the cryptocurrency space for auditing smart contracts. Cyberscope's auditing services are recognized by various startups such as PinkSale, Unicrypt and DxSale, allowing the project to receive a badge signifying trust and recognition. The audit from Cyberscope ensures that the Portal project is trusted and recognized. It enhances the security of the smart contract and serves as a basic building block for all marketing efforts. Upon successful completion of the audit, Portal receives an audit certificate to share with its investors and community, as well as a full audit report. Cyberscope's audit process includes extensive background checks and identity verification of project team members. This ensures data confidentiality and a state-of-the-art algorithm to verify team members. Cyberscope has successfully completed over 1,800 smart contract audits across various networks and has KYC'd over 800 teams without any reports from investors till date.
Staking rewards
The main function of the PORTAL token is a vote-betting feature that signals support for games on the Portal network. Essentially, gamers and games can place bets to earn rewards, but they can also signal their support for games by assigning a vote to their bet. In practice, signaling support for a game means that it becomes more visible on the Portal platform through ratings, relative betting levels (and other metrics), and greater visibility in the app. This, in turn, allows the game to acquire Portal platform users to grow its player base and launch new game assets with less hassle. A game joining the Portal ecosystem will have a good incentive to post Portal tokens, and it follows that gamers will want to show their support by doing the same. This leads to an effective “bet to scale” that decentralizes the distribution of games.
Recycled Fees
This occurs in real time as transactions are paid into PORTAL. The rate coefficient at that time is used to calculate how much of the purchased PORTAL burns up before distribution. Where S is defined as above, the burn amount B is calculated as follows:
B = 1 - S
The balance is distributed in the form of a platform
rewards.
Conclusion
Portal certainly has a promising concept and is attracting significant attention and support from the gaming and blockchain community. Portal is a leading GameFi project and has made significant strides in connecting gaming networks and there are no analogs. I've been following this project for quite some time now and at the moment investors have about 10x returns. I have noticed that GameFi is low right now, but I believe that once the excitement starts to grow after the first successful game releases, this infrastructure project will be very relevant. I follow this sector closely, which is why I have included this project in my portfolio.
If you are interested in reading my portfolio, you can read the text below the chart. From a chart perspective, it looks like this is one of the good formations to exit. The only downside I see is the huge capitalization with unlocked funds.
If there are 40 likes I will publish a new research
Best regards EXCAVO
PORTAL heavy accumulation!The daily chart of PORTALUSDT on Binance exhibits a classic rounding bottom formation, which is typically a bullish reversal pattern.
Observations:
Rounding Bottom:
The price action from mid-March to early June clearly depicts a rounded bottom pattern.
This formation suggests a gradual transition from a downtrend to an uptrend, indicating a potential bullish reversal.
Support and Resistance:
Strong Support: The price has established a strong support level around $0.80, characterized by high trading activity.
Strong Resistance: There is a notable resistance zone around $1.00, associated with negative sentiment. Breaking through this level is crucial for confirming the bullish reversal.
Volume Analysis:
An increase in trading volume is observed during the formation of the rounding bottom, which is a positive sign of accumulation.
Watch for a volume surge if the price approaches and attempts to break the resistance zone at $1.00.
Indicators:
The Relative Strength Index (RSI) is currently at 58.46, indicating moderate bullish momentum.
The RSI has been on an upward trajectory, supporting the potential for continued upward movement.
Strategy:
Entry Point: Consider entering a long position if the price breaks above the $1.00 resistance level with a significant increase in volume, confirming the rounding bottom pattern.
Stop Loss: Place a stop loss below the strong support level at $0.80 to manage risk.
Target: The potential target can be estimated by the height of the pattern, suggesting a target around $1.60 - $1.80, which corresponds with previous resistance levels from March.
Conclusion:
The chart shows promising signs of a bullish reversal with the rounding bottom formation. Traders should monitor the price action closely for a breakout above $1.00 with increased volume to confirm the pattern. Proper risk management should be employed by observing the support and resistance levels.
Portal Portal PortalThe recent price action of Portal Coin (PORTAL) against Tether (USDT) on Binance has shown significant momentum, with the price currently at 1.2260 USDT. The project fundamental and chart suggest a promising upward trajectory for PORTAL in the upcoming year.
Green zones are my main sell points around 4$ and 6$. Don't forget to leave something for moon bag 😃
Given the current chart patterns and technical indicators, Portal Coin (PORTAL) appears poised for substantial growth.
📈 Stay tuned for more updates and analysis on Portal Coin and other cryptocurrencies. Have a successful trading!
Disclaimer: This post is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
PORTALUSDT(PORTAL) Daily tf Range Updated till 03-06-24PORTALUSDT(PORTAL) Daily timeframe range. another fairly new price action here. cause of that its gold mine of trading setups. if you can use range levels right its free profits. not much of holdup till 1.4189 all it needs retail interest. local support at 0.7491.
PORTAL/USDT: Potential Breakout from Descending Wedge P
**Chart Description:**
This daily chart analysis of PORTAL/USDT highlights a descending wedge pattern, a bullish reversal formation that suggests the possibility of a breakout to the upside. The price has been consolidating within the wedge, showing decreasing volatility and preparing for a significant move.
**Key Features:**
- **Descending Wedge Pattern:** The dashed lines illustrate the descending wedge, which is characterized by converging trend lines as the price moves lower. This pattern typically indicates a bullish reversal when the price breaks above the upper trend line.
- **Breakout Point:** The green arrow marks the point of a potential breakout above the upper trend line, signaling a shift in market sentiment from bearish to bullish.
- **Target Levels:** The green highlighted area indicates the first potential target around $1.7410, while the red highlighted area marks the stop-loss level at $0.6495, ensuring risk management.
**Technical Outlook:**
Traders should watch for a confirmed breakout above the upper trend line of the wedge. A successful breakout could lead to a significant price rally towards the $1.7410 target. However, if the price fails to break out and falls below the lower trend line, it may indicate further downside risks, warranting the stop-loss at $0.6495.
**Conclusion:**
This setup presents an interesting opportunity for traders looking for a potential bullish reversal. Monitoring the price action closely around the breakout point will be crucial for making informed trading decisions.
Reflection from the bottom to achieve goals The cryptocurrency Portal has shown a significant reversal from its bottom at $0.7045. Following this reversal, it surged to reach the resistance level at $0.8661. Upon breaking through this resistance, the price continued to climb towards several key targets.
The identified targets for this upward movement include:
First target: $1.00
Second target: $1.27
Third target: $2.10
This analysis indicates a strong bullish trend for Portal, with expectations of further increases in price if the positive momentum continues and the identified targets are successfully breached.
PORTALUSDT IDEAHello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring PORTALUSDT for a buying opportunity,
PORTALUSDT UPDATE
Already Broken Bullish pennant pattern in 12H Timeframe ✴️
Expecting a good bullish move 📈if holds over the line✅
