My analysis: Long
🎯 1. Take-Profit Target: 5.298
📈 I've observed a strong level of market support with robust price rejections and extended wicks around $4.889 forming a solid BSL on the 4H timeframe. 📊📈
I am waiting for the market to confirm volume analysis together with price action. RSI and MA are also indicating strong bullish momentum. Let's wait. I'll...
USDC market share has fallen from 34.88% to 23.05%
Over the past 1 year, USDC market share has fallen from 34.88% to 23.05%, with market cap dropping from a peak of $55 billion to $29 billion. BUSD's market share has plummeted from 11.68% to 4.18%, while Dai has kept its participation rate at 3.66%, down from 4.05% in May 2022. USDT, on the other hand, moved in...
Well that lasted longer than expected - this window was open for more than 24 hours but the mispricing of USDTBRL between KuCoin and Binance is now starting to correct itself.
As promised, here is the same pair but on Binance. The price is significantly higher and this opportunity still exists. Check out my previous post (linked) for more details.
The price of BRL is 1.35 USDT on KuCoin but on Binance it's 5.24 USDT at the time of writing this. This is a significant inefficiency between the two exchanges. I also checked the amount of liquidity on both exchanges at their respective market prices for this pair, and there is currently enough liquidity for at least 10k USD worth of BRL to be sold on KuCoin. I...
