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Cypher

$ICPUSD BULLISH CYPHER AND PENNANTInternet Computer Coin Price & Market Data Internet Computer price today is $50.10 with a 24-hour trading volume of $466,881,382. ICP price is down -0.6% in the last 24 hours. It has a circulating supply of 180 Million ICP coins and a total supply of 469 Million. If you are looking to buy or sell Internet Computer, Binance is currently the most active exchange. What is Internet Computer? Internet Computer (IC) is the world’s first blockchain that is capable of running at web speed at unrestrictive capacities. Built by the DFINITY Foundation, IC aims to recreate the web by supporting smart contract development at scale and changing the way people can interact using web services. Internet Computer aims to extend the public internet, so that it can be the world’s computing platform, in a decentralized manner. Internet Computer sets to revolutionalize the design of the crypto economy, with an aim to overhaul traditional software services. The project was founded in October 2016 by Dominic WIllams and have raised a total of $121 million from investors such as Adreessen Horowitz, Polychain Capital, Multicoin Capital and such. On May 10, 2021, DFINITY launched the Internet Computer into the public domain, marking it a major milestone for ICP as it means the internet now functions as a decentralised global computer. This is marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token that allows tens of thousands of community members to govern the Internet Computer network. ICP is Internet Computer's native token. It plays three prominent roles: Network Governance: Users that participate in the governance will be rewarded with ICPI Production of Cycles for Compute: ICP can be converted into cycles where it is used as the transaction fee to access the network. Cycles are burned after used. Rewarding Users: ICP is used as the rewards to incentivize users to participate in the network such as securing the network. How does ICP work? The decentralised network of ICP is hosted by a series of data centres of multiple nodes. Different nodes from within different data centres are pooled together and referred to as a ‘subnet’. Each subnet can host its own Proof-of-Stake blockchain by using a unique consensus model known as ‘Threshold Relay’. There are two important pillars that charge the operations of ICP forwards: Chain Key Technology: Chain Key Technology is a 48-byte public chain key that enables Internet Computer to operate at web speed, allowing transactions to be finalised in 1-2 seconds. Though this is impressive, this is nevertheless insufficient, because a faster speed is needed to provide competitive user experiences, requiring responses to be provided to users in milliseconds. Chain Key Technology solves this further by splitting smart contract function execution into two types, known as ‘update calls’ and ‘query calls’ – where update calls take 1-2 seconds to finalize and query calls can be executed in milliseconds. Network Nervous System (NNS):The NNS is responsible for managing everything from ICP’s economics and upgrades to network structure. The NNS is hosted within the network itself, and it acts as an autonomous ‘master’ blockchain with a public key to validate transactions in the ICP network. The NNS will also instigate proposals to a vote, such as the onboarding of new node machines, which are then voted upon by users who have their ICP tokens locked up. NNS is essentially the governance system whereas neurons represent the voting power. How does ICP differ from other coins? One of ICP’s objectives was to solve the scaling problems experienced by Ethereum, without compromising on security or decentralisation. For example, EOS has previously been criticized for such a compromise. Internet Computer claims that it can finalise transactions in 1 to 2 seconds. This fares far beyond Bitcoin’s 10-minute duration and Ethereum’s 15-second duration (depending on network traffic). The Internet Computer claims to have a block rate of 2.5 blocks per second (bps), with the expectation of improving it till 1,000 bps by end of the year 2021. Importantly, ICP addresses a problem far beyond merely solving Ethereum’s shortcomings as its wider objectives are to take on the $370 billion cloud computing market, and decentralize the public internet wholly. How do I get ICP? ICP can be purchased on exchanges such as Binance and Coinbase. You can browse through the various centralized and decentralized exchanges by heading over to our exchanges page.
COINBASE:ICPUSDLong
by BADQOMOCAWGOWLD
1
SLP bullish divergence on market cipher I was bullish on AXS and SAND months ago but it feels too risky and late to jump now on either of them. Whereas SLP bullish MC divergence is showing us that it might have already found a bottom at 0.06 and looks pretty much ready for a reversal to the upside. This could be a great opportunity to enter with a DCA or grid bot. Grid bot could range similarly to the long position shown in the chart. Even an infinity grid could work. The opportunity is a 500% upside vs a potential drop 50% so risk reward is 10 to 1, much more attractive than trading AXS but at the same much more risky. I will go with a position below 1% of the capital using a DCA bot.
Long
by TheTradingParrot
1
Break out imminent after confirmationWe have a potential breakout of ADA from this falling wedge Once we retest the breakout area and manage to close above the target would be fib 0.6 at around 3 USD which would confirm a new uptrend. This price action might have to do with the recent news of upgrades on the network so I'd expect this to play out on the bullish side before end of the year. I've been accumulating below 2 dollars on every occasion the price went below. If this doesn't play out and it turns out a fake out (we had one before) I would be looking to add some more with the expectation of eventually still hitting the target late 2021 or early 2022. Cardano team has been improving massively in the last year and its one of the only top caps that hasn't had any relief or bullish rally in quite a while. Many eyes are on ADA and when that happens some volatility is a must. Facts: 1) Market cipher green dot on the daily 2) RSI in buying zone according to previous data 3) IFTRSI fires buy on daily at 0.9 level 4) falling wedge apparent breakout (although it hasn't tested it as support yet)
Long
by TheTradingParrot
EURUSD BAT & BULLISH CYPHER PATTERNSThe EURUSD looks as if it may be entering another period of consolidation. Although many periods of consolidation are sloppy, choppy & contain nothing useful, they also sometimes are filled with hidden gems. In this case the hidden gems to be on the lookout for are 2 potential advanced pattern formations in the form of a potential bullish bat pattern & a potential bullish cypher pattern. As always if you have any questions of comments please feel free to share them below. Akil
Long
by Akil_Stokes
6
Waiting for breakout of bullish P-Wave on SOLUSDMajor Bullish Signs on SOLUSDT All the analysis Part is viewable on the Chart. Investment advice: I personaly would wait to buy the asset as it did not yet confirm the P-wave direction, these consolidation patterns can go both ways and when they break out they do a good move or a fake-out to further consolidation. As for now it is possible to scalp the asset when it reaches one of the borders of the formation. Move to a lower timeframe like 5 minutes and long/short the bounce back into the triangle when the trend is obvious on that timeframe. Stop loss is recommended a small distance outside the edge of the triangle. I will publish the bottom indicator later as it is not as user friendly yet.
COINBASE:SOLUSDLong
by Honestcowboy
CHFJPY > A Huge Harmonic Bearish Cypher Pattern!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis on #CHFJPY The market is now near its structure resistance level where I expect the market to turn bearish, also I have a harmonic bearish Cypher pattern. My plan: I am now waiting for the market to turn bearish n the lower time frame and provide a reason to get in a sell trade targeting the next level of support Please do not hate for my trading plan and I always thank you so much for the time you spent her e. Check today's analysis below⠀ >>“ luck is when preparation meets opportunity." _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Short
by TheTradersAvenue
6