DAGUSDT at monthly support, likely to move up towards 0.20The price had bounced from monthly support MS1 last year and went up till monthly resistance MR1. From there it has been on decline since march 2024. Now the price has approached monthly support MS1 again. This facilitates the bounce of the price from this support. That means it is likely that the price will reverse from here and will start its upward journey again from here. I believe when the price approaches monthly resistance MR1 this time, though it will be held back for a while and might experience a bit of pull back, ultimately it will break this resistance and head towards monthly resistance MR2.
DAG
DAG/USDT is Ready for an Explosive Rally | 👀🚀DAG Analysis 💎Paradisers, check out #DAGUSDT. It’s at an important price point of $0.0592. If it stays above this price, we could see a rise, possibly reaching $0.078 and maybe even higher.
💎Keep an Eye on #Constellation. If it starts to drop below $0.0592, look for a possible increase from the next support level at $0.049. This level is known for a lot of trading activity and has helped #DAG go up before.
💎Watch for Changes: If the price falls below $0.049, it could mean that #DAG might start to decrease in value. It’s important to stay alert and ready to adapt as the market changes.
DAG rejected at Key LevelHere is my thought process on HOSE:DAG
Price action rejected at Key Level and may retrace down to weekly 9sma with a possible wick to the FVG ( fair value gap )
)
Key Level to watch for entry on breakout / add on retest is at 0.081056
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
#DAG/USDT 1400% is potentially a decent Target.Altcoin Update 2. Potential Gems for the Next Bull Run!
Welcome to this quick update! For those who've been following me, you know I share altcoins at the onset of a bull run. Well, we're already in one! In this update, I'll highlight some of the most promising altcoins poised for the next two years.
Featured Altcoin: DAG on Kucoin
DAG is an impressive project with good volume and high liquidity.
Fundamentals are good as well.
Even if it hits the ATH which is around $0.50 it will do 1400% from here which is a very decent target tbh.
The best range to enter is around $0.027 to $0.035.
Use the DCA strategy for best results.
I am expecting 50x from this one.
Follow me for regular updates on both Altcoins and Bitcoin. I will post 50 ALTCOINS for this Bull Run.
Trading involves risk, and the provided information is for educational purposes only. Do your own research and consider consulting a financial advisor before making investment decisions.
Do hit the like button if you want me to post all 50 coins.
Thank you
#PEACE
#KAS/USDT 4h (ByBit) Broadening wedge on resistanceKaspa is facing 200MA where it already got rejected once, seems likely to retrace down to 50MA support.
⚡️⚡️ #KAS/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (6.7X)
Amount: 5.0%
Current Price:
0.03945
Entry Targets:
1) 0.04020
Take-Profit Targets:
1) 0.03540
Stop Targets:
1) 0.04260
Published By: @Zblaba
$KAS BYBIT:KASUSDT.P #Kaspa #L1 #PoW kaspa.org
Risk/Reward= 1:2.0
Expected Profit= +80.0%
Possible Loss= -40.0%
Estimated Gaintime= 4-8 days
$HBAR/USDT 8h (#Bybit) Bear flag breakdown and retestHedera Hashgraph lost 100EMA support and is pulling back to it, bearish continuation seems likely after.
⚡️⚡️ #HBAR/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.7X)
Amount: 5.1%
Current Price:
0.06247
Entry Zone:
0.06327 - 0.06769
Take-Profit Targets:
1) 0.05406
2) 0.04547
3) 0.03687
Stop Targets:
1) 0.07503
Published By: @Zblaba
$HBAR #HBARUSDT #Hedera #Hashgraph
UBX prepairing to enter the 0.0001$ zone soon!UBX looks very bullish and will undoubtedly go foward from this point on. Seatbelt's on UBX is going to the moon soon!
UBX - Prepairing to enter 0.00001$ zone!UBX is doing well so far in 2023. Next move is to enter the 0.00001$ zone...
Ubix is a tikking time bomb!Ubix is a tikking time bomb!
I even shouldn't have to draw this picture, but good. Any moment, everything speaks for it self.
Ubix is my favorite underdogg coin in this market. So litte, with so much potential and only listed at one exchange. It just makes me want it more!!!
Go Ubix
FTM (Fantom) Coin Analysis 01/04/2022Fundamental Analysis:
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.
Fantom is a Layer-1 blockchain that uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate DeFi and related services on the basis of smart contracts. Lachesis provides security for other layers as well, including Opera, Fantom's EVM-compatible smart contract chain. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.”
One of Fantom's key strengths is its performance and efficient transaction processing, namely thousands of transactions per second, where transactions are settled in 1-2 seconds, and the cost is fractions of a cent per transaction. As a result, Fantom provides higher scalability but at a lower cost.
The ecosystem is based on two main technologies: Lachesis protocol and Opera.
The Lachesis protocol is the core consensus layer that secures the Fantom network by providing both transaction speed and security.
Lachesis is an aBFT consensus engine that uses a directed acyclic graph (DAG) algorithm. How it works: network data can be processed at different times, and the network filters the participants, allowing only one third, which are allocated due to erroneous or malicious behavior, without compromising network processes.
Fantom's Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism maintains the efficiency of the entire network, its design provides security at maximum speed. Fantom developers emphasize that the PoS mechanism is a leaderless phenomenon — there are no leaders of blocks and participants, and anyone can join (or leave) the network of nodes at a convenient moment.
The key qualities of Lachesis are: asynchronous, leaderless, Byzantine fault-tolerant, and near-instant finality.
As for Opera, it's an application development layer or Fantom's mainnet deployment platform, permissionless and open-source hosting DApps. Thanks to EVM integration and support for the Solidity programming language, Fantom has a full set of smart contract capabilities, which allows users to seamlessly interact with Ethereum platforms while maintaining the advantage of Fantom's transaction efficiency.
The Fantom Foundation concluded that removing block leaders improves network security, so Opera uses a PoS model and leaderless validators (validators do not determine which blocks are valid).
In addition to being a fast, secure and cheap payment platform that enables to make fast and secure payments at minimal cost, Fantom also features on-chain governance where users vote with FTM tokens (one token equals one vote). Of the features: users have the right to express the degree of agreement / disagreement on a scale from 0 to 4.
FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees, staking, and governance. FTM forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Fantom uses a bespoke variety of proof-of-stake algorithm to provide services and secure its network. Known as Lachesis, it is an example of a so-called asynchronous byzantine fault tolerant (aBFT) consensus mechanism.
By removing leadership among network participants, Fantom avoids low-cost attack risk, while staking adds further user incentives to secure operations using FTM token holdings.
FTM exists on several protocols, with ERC-20, BEP2 and Fantom’s own OPERA tokens all circulating.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Through token sales in 2018, Fantom raised almost $40 million to fund development.
The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. Currently, the platform’s CEO is Michael Kong.
The team behind Fantom has extensive experience primarily in the field of full-stack blockchain development, and aimed to create a smart contract platform which privileges scalability, decentralization and security.
According to its official website, Fantom’s team also consists of specialist engineers, scientists, researchers, designers and entrepreneurs. Employees are located throughout the world, matching the ethos of a distributed platform.
FTM is a proof-of-stake (PoS) token which in fact exists in several incarnations.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
The total supply of FTM is 3.175 billion tokens, of which 2.55B FTM is currently in circulation. The rest will be released subject to a schedule running through 2023.
Staking forms an important part of tokenomics, with a proportion of the supply reserved specifically for staking rewards to users who hold FTM.
The current CoinMarketCap ranking is #44, with a live market cap of $3,676,923,682 USD. It has a circulating supply of 2,545,006,273 FTM coins and a max. supply of 3,175,000,000 FTM coins.
Fantom Market Capitalization, Technical Analysis:
we expect the market to reach the 25 Billion dollars.
Technical Analysis:
There exist Bullish Divergence of Total Value and MACD which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new economical cycle,
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points .
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Currently the Price Value is at 61.8% Fibonacci retracement level; it means it has broken the resistance level and had rechecked it backed and it has been Proved to be the support area .
Probably we may not again see the 78.6% Fib or bellow...
Our Past Analysis for this Asset Acquisition:
Initial Asset Acquisition:
Addition on the Treasury:
The bears are concerned about the increasing price of DAGConstellation Coin price broke out of a descending wedge pattern on 23 March and now appears to be slightly bullish.
DAG token price is seen trading above the important moving average but it is yet to hit the 200-EMA.
For the upcoming trading session, the range of the consolidation phase (green box) may act as a demand zone and $0.28 represents a resistance level according to the 0.5-level of Fibonacci retracement.
The Super Trend indicator posted a bullish signal for the buyer last night, which could be the first of a trend reversal for the DAG coin price.
The Constellation Coin price is approaching the 200-day moving average (red), which is a zone of volatility. Other 20,50 and 100 EMAs are remaining below the current price of DAG coin in terms of the daily price chart.
Recently, the Relative Strength Index (RSI) took support at the half-line (50-point) before moving higher. Now the RSI is at 65-level and is going to move into an overbought area on the daily price graph.
Technical Indicators Constellation Coin is spotting a bullish trend after breaking the boundaries of a falling wedge pattern. RSI may complete its journey to overbought zone before any trend reversal sign
Support level - $0.1200 and $0.100
Resistance level - $0.200 and $0.280
DAGUSDT - Break Hook and GoDAG has succesfully broken out of this descending broadening wedge / falling wedge pattern, and is currently back testing the supply line as support. On this backtest there is potential Class A hidden bullish divergence on both RSI and MACD indicators. Managing risk for this asset is rather easy; just below the previous low. Continuation is implied for this asset so long as BTC does not keep dumping.
Target 1: .618 retrace of the falling wedge pattern
Target 2: Measured move of the broadening wedge
Target 3: .886 retrace of the entire structure
DAG Constellation May Have a Possible Support Bounce DAG is another coin I have been tracking and trading for a bit. If we check out the MACD we are on a big upswing on the 3H in combination with having a possible support bounce. Candle confirmation will be needed to make it a safe play but it's looking good at the moment. Sadly the RSI isnt going to give us much help but that's ok. I will be tracking DAG best I can and posting updates if I see them.
Could Obyte finally got traction?Obyte failed to be profitable once the team stopped the initial free airdrop method. Since then, the most powerful and comprehensive DAG protocol in the cryptocurrency market has lost around 97% of its ATH value.
Nevertheless, the team continues to develop the protocol and has impressively extended its functionality with concepts such as sovereign identity, bounded stablecoins and more recently with liquidity pools and bridges with Ethereum, Binance and Polygon. Even an NFT platform has been released recently.
Several impressive rebounds occured in 2021 but each time it falls.
Several impressive rebounds occurred place in 2021 but each time the price fell back to the initial level. In a way, every fall was normal and predictable. Obyte is a third type cryptocurrency protocol that requires transactions to gain value, while decentralized blockchains (first type) have to spend electricity and centralized blockchains (second type) need to grow their user base.
So, could Obyte finally get the shy traction to get more transactions and see its price increase sustainably?
Either way, DAGs are the only sustainable option for cryptocurrencies and Obyte is obviously the real contender to challenge the Bitcoin protocol as king of cryptocurrencies although one can easily doubt that when looking at its performance.
DERO ThesisMy previous post " dero will melt faces " was a little too hasty and I missed this pattern in the charts.
We are approaching what I comically call a "gigapump."
Dero is a privacy Layer 1 Smart chain that is going to absolutely take over the Dex/Swap industry. It has legal and illegal use-cases that are infinite.
The current outlook is super bullish with the only possible roadblock being delays in the mainnet launch.
Dero has a "build it and they will come" strategy. You will not see any marketing until the mainnet launches and by then it is too late. This is a 2-6 year play. Good luck!
www.dero.io