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Daily BTC 1DChart - resistance and supportHello everyone, I invite you to review the chart of BTC in pair USDT taking into account the one-day interval. First, we will use the yellow lines to mark the uptrend channel in which the BTC price is moving. Now we can move on to marking the places of support in case of further correction. And here, in the first place, it is worth marking the support at the price of $ 22959, which currently held the price, but when we go lower, we can see a drop to around $ 21,532, then to $ 20,383 and even $ 19,215. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we have resistance just above the price at $23,145, when we manage to break it, we have a second very strong resistance at $25,221. Only when the price overcomes it and positively tests it, the way will open towards $31233. Please pay attention to the CHOP index which indicates that despite the correction the energy is growing, the MACD indicator indicates that we are on the verge of a downward trend change, while the RSI shows a visible rebound, but be careful because there is still room for a larger correction.
by cryptodailyuk
CABLE H&S UPDATECABLE has been very interesting lately. Sterling has surprised with decent data but the overall outlook for the sterling fundamentally remains the same, the market is expecting one more rate hike. The strong data however is creating a very RANGY environment for this pair. We saw this when the last bearish move was RETESTED all the way to the 68 fib zone. My bias on this pair remains BEARISH however, and i believe that the USDX will continue to control the OVERALL DIRECTION of this currency pair. From a short term standpoint we can see a HEAD AND SHOULDERS pattern forming, with the HEAD being the afformentioned 68 retest of our bearish momentum. this is a strong indication that the pair will continue to move downward, so long as our NECKLINE is protected by price action. Look for a formation of a RIGHT SHOULDER here potentially coming, before the true trend takes over. Trail your stops on this pair folks it has been swinging back and forth and i expect it to CONTINUE to do so.
Short
by NakedTrading4U
5
THE BIG FLIP $SPYMY BEARISH THESIS -This rally is led by fundamentally weak companies like CVNA, ROKU, AMC, and AFRM (companies with weak valuations) which has historically indicated that these types of rallies are temporary -Six Month Treasury Bill yields rising to 5%, last seen in 2007 - The Feds Fund Rate (Feds target interest rate) rose higher after the recent CPI data which means the Fed must raise rates more aggressively to combat inflation -50% base point rate hike probabilities are increasing for the next meeting -Mortage Application volume fell 7.7% last week as mortgage rates rose -The average rate for a 30-year mortgage rose from 6.18% to 6.4% in the last two weeks -Employment number came in over double than expected which will cause Wage inflation -Retail sales are up 3% month over month, crushing expectations (2%), spending continues -Restaurant Retail Sales up 7.2% in January, strongest since March 2021 -Used car prices have increased 4.1% in the month of February and it's only the 18th -Credit Card Debt hits a record 930.6 billion, up 18.5% -Multiple large cap Company Earnings have missed and have started layoffs All this means that the average consumer hasn't stopped spending despite inflation and high interest rates. This will cause the Fed to continue hiking interest rates or keep interest rates higher for longer which is not sustainable for the consumer. Overall, the fundamentals and the data is showing that this rally is temporary, and we will go lower. How low we will go is not yet known for the equities market, but many analysts believe new lows are not out of the question. $SPY
AMEX:SPYShort
by sodatrades
4
EUR/USD: Markets Under Pressure After Strong U.S. Labor An earthquake in Turkey and rising U.S.-China tensions contributed to the unfavorable mood in the world markets on Monday morning. The top platforms in Asia are dropping by 1.4%. The Japanese market stands out as an exception, rising 0.6%. Major U.S. index futures are continuing their downward trend from Friday, shedding as much as 0.4%. This morning, the nearest Brent crude oil futures are rising 0.2% and are currently trading slightly around $80 per barrel. The non-farm payrolls from last Friday are the key point. In the first month of 2023, the U.S. economy added 517,000 new jobs, according to figures made public by the Labor Department. This is almost three times greater than the consensus prediction of analysts surveyed by Bloomberg and double the amount from December (260 thousand). Unexpectedly, the jobless rate dropped from 3.5 percent in December to 3.4 percent in January. 3.6% growth was expected, according to economists. In accordance with forecasts, the average hourly salary increased 0.3% in January over December. The annual growth rate of hourly wages was 4.4%. (+4.3% y/y) The data were better than expected. It is important to note that the December estimate was increased; salaries increased at a rate of 4.8% y/y in December 2022 rather than the previously reported 4.6% y/y. The report was undoubtedly credible. But given that January's results were biased by methodology, it seems we shouldn't pay too much heed to the exceptionally high employment growth numbers. This month, the statistical office is changing a lot of things. However, the truth remains that following this jobs data, whatever concerns that some Fed policymakers may have had about the possibility of excessive monetary policy tightening should be significantly diminished. The data from the report would have appeared considerably more persuasive if they had been available an hour before Jerome Powell's press conference on February 1 (the Fed increased the rate by 25 basis points to 4,5-4,75%). Powell expressed his opinion that the job market was still hot and imbalanced during the news conference on Wednesday. And so we see: rather than the Fed attempting to calm pricing pressures by hiking rates, the larger picture suggests that the current situation of the labor market is in fact accelerating inflation rather than calming it down. Regarding estimates from the money market, a 25bp rate increase in March is currently implied by the federal funds rate futures market 93% of the time (82% a day ago). A rate increase in the same range in May is 60% more likely than it was yesterday (22%). The likelihood of a 25 basis point rate drop by year's end is still being calculated by the swap market. According to the current set of macrodata, the Fed has good justification for raising the rate in March by 0.25 percent to 5%. Let's just say that the market's steadfast denial of the Fed's warning that the rate could increase above 5% this year no longer appears to be a bluff on the regulator's side. The dollar is oversold, as indicated by the existence of strong technical signs earlier. Fundamental elements have now been added to them. Given the just released jobs statistics, the market's attitude toward hazardous assets appears to be excessively upbea Technical Analysis: Today it's presented a divergence on the H6 timeframe and the price seems to start a reversal. Our indicator shows a Sell position in this lower timeframe.
Short
by FOREXN1
9
NFP Possible opportunity and trading setupsToday's NFP print is coming in 2h and 30m, trading plan following. In the last couple of days we got higher Labor data with Jobless claims, Jolts data printing way better than market expectations, and these 2 components fit into the NFP this might mean that on the aggregate the 185K US NFP estimation might be slightly higher than that. Anyways, let's move into the NFP now. The bulk of market participants are between 150-200K and for exaggerated movements, we should look for anything below 150K for US$ shorting or 200K for US$ long. As a second layer of risk, we can use 125K to the downside and 225K to the upside which will give us the ultimate trading conviction. US NFP printing higher than 200K (Risk x1) US NFP printing higher than 225K (Risk x2) EURUSD - GBPUSD - GOLD - BTC - SNP - NDX 🔽 USDJPY 🔼 US NFP printing lower than 150K (Risk x1) US NFP printing lower than 125K (Risk x2) NZDUSD - AUDUSD - GOLD - BTC - SNP - NDX 🔼 -Extra notes- Average Hourly Earnings (YoY) and Unemployment rate need to be considered as a second layer of conviction into this trade setup... They are similarly essential and if they give a very different picture than NFP then we should be considering this in our analysis and either deduct any risk from our positions or even close our positions after all. Average hourly earnings YoY have a previous Result of 4.6% and an estimation of 4.3% above 4.4% or below 4.2%. The vast majority of the analysts will be surprised by a result of 4.2% and below or 4.4% and above. The US Unemployment rate has a previous result of 3.5% and an estimation forecast of 3.6%. The vast majority of the analysts will be surprised with a result of 3.4% and below and 3.7% or above. Consider the above as possible conflicting factors or boosting factors to the NFP result, also don't forget that the Unemployment rate lower is US$ hawkish, and the Unemployment rate higher is US$ dovish.
OANDA:XAUUSD
by Investing_Bridge
USD/JPY chart detail overviewThe USD/JPY chart is a graphical representation of the exchange rate between the US Dollar and Japanese Yen. It shows the current value of the pair and its fluctuation in the past. 1] The USD/JPY pair is commonly referred to as the "Gopher" because it is the most liquid currency pair in the world. The chart provides traders with a comprehensive view of the current and historical price of the pair, allowing them to make informed decisions on their trades. It also offers a wide range of technical indicators such as moving averages, Fibonacci levels, and momentum indicators that can help traders make informed decisions. With the current market conditions, the USD/JPY is trading at 109.13 and is up 0.43% for the day. USD/JPY: Current Market Trend and Opportunity for Trade The USD/JPY currency pair is one of the most popular and heavily traded currencies in the world. Recently, the pair has been in a strong uptrend, with the USD gaining strength and the JPY weakening. This has allowed traders to take advantage of profitable trading opportunities. In this article, we will take a look at the current market trend and opportunity for trade when it comes to the USD/JPY currency pair. The USD/JPY pair has been on an uptrend since May 2020, when it was trading at a low of 105.50. Since then, the pair has steadily gained in value, reaching a high of 118.50 The USD/JPY pair has been volatile in recent weeks, with developments in the markets and official meetings having a significant impact on the performance of the pair. On Monday, the Japanese Yen strengthened against the US Dollar as speculators anticipated the Bank of Japan to take a hawkish stance later this year due to high inflation . Furthermore, weaker equity markets continue to support the safe-haven nature of the Yen, while expectations for a less aggressive Fed policy stance are also contributing to the pair's downward slide . The latest JPY market news, analysis and Japanese Yen trading forecast from leading DailyFX experts and research team has also been giving insight on the movements of the currency pair . On Friday, the Japanese yen was in positive territory, with the exception of Monday when the pair jumped 1.8%. The gain was driven by the unexpectedly strong US employment report, which dampened hopes of a dovish pivot by the Federal Reserve . Thus, market news and meetings have a significant impact on the performance of the USD/JPY pair.
Short
by SherSHAA
1
ETH - USDT, 1D Interval Resistance and Support Hello everyone, I invite you to review the ETH to USDT chart on a one-day interval. First, we will mark the downtrend channel that the price has left the top. However, locally, we can determine the downtrend under which the price is moving. Now we can move on to marking support and in this situation we have first support at $1539, second support at $1449, third support at $1380, if the price goes lower we have a strong support zone from $1309 to $1204. Looking the other way, we can similarly mark the places of resistance that the ETH price has to face, as we see the first resistance at $ 1669 at the so-called golden point fib 0.618, then we have strong resistance at $ 1825 and the third resistance at $ 2032. It is worth looking at the EMA Cross 10 and 30, because we can see that the 10 marked with the red line on the chart starts to bend, when it crosses the 30 marked with the green line on the chart, it can give confirmation of entering a longer downtrend. The CHOP index indicates that we have a lot of energy for a new move, MACD indicates entering a downtrend, while the RSI is moving in a downtrend.
by cryptodailyuk
BTC/USDT Revive 1D IntervalHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. As we can see, the price has broken the downtrend lines and has gone up. Let's start by identifying where we should see price support, and here we see that the first support is at $21,991, the second support is at $20,750, the third support is at $19,739, and the fourth support is at $18,728. below we have a strong support zone from $17,313 to $15,494. Looking the other way, we can immediately see that the price is struggling to maintain a very strong resistance at $23147 equal to 0.786 FIB, the next resistance is at $25226, only when the price breaks out and tests it positively will it be able to go towards $30000. Please look at the CHOP index, which indicates that on a one-day interval we are gathering more and more energy for a new move, MACD after recent increases begins to indicate entering a downward trend, while the RSI also shows a downward trend and recovery.
by cryptodailyuk
1
USD/JPY:Trading participants appear hesitant to make big bearishTrading in USD/JPY is restricted to a small range as investors eagerly anticipate the FOMC decision. Throughout the early portion of Wednesday's European session, the USD/JPY pair struggles to generate any noticeable momentum and swings between tepid gains and modest losses. As traders look hesitant and anxiously await the results of a two-day FOMC monetary policy meeting, spot prices linger below the mid-130.00s. On Monday, the USD/JPY pair experiences some intraday selling at the 130.30 region and declines by more than 100 pip from the day's peak. However, spot prices are still firmly inside a trading range that dates back a week and have now appeared to have stabilized above the mid-129.00s during the early European session. Fresh concern that high inflation may prompt a more hawkish posture from the Bank of Japan later this year is continuing to bolster the Japanese Yen (JPY). In addition, a generally negative outlook for the equities markets supports the safe-haven JPY. The USD/JPY pair has some downward pressure as a result, which adds to the overall adverse sentiment around the US Dollar and the intraday decline. In fact, as expectations for a less aggressive Fed policy tightening increase, the USD Index, which measures the value of the dollar against a basket of currencies, is currently hovering close to a multi-month low. The markets appear to be confident that the US central bank would moderate its aggressive approach and announce a lower 25 bps rate hike on Wednesday at the conclusion of a two-day meeting. This impacts on the USD and keeps US Treasury bond yields low. Trading participants appear hesitant to make big bearish wagers on the USD/JPY pair as the significant central bank event risk approaches. In addition, remarks made by BoJ Governor Kuroda Haruhiko, who stated that the bank must maintain its loose monetary policy and 2% inflation objective, limit the JPY's upward potential. This calls for more care before positioning for any appreciable significant fall, at least initially.
by FOREXN1
8
DOT / USDT 1D CHART - Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT on a one-day timeframe. Let's start by marking the downtrend line, which the price has broken above, and we are currently moving above the uptrend line. Let's move on to denoting the resistances that the price must overcome, and here we see that the first resistance is at $7.14, the second resistance is at $8.06, the third is at $8.96 and the fourth is at $10.24. Looking the other way, we can similarly determine the places of support. And here we have the first support at $6.23, the second at $5.85, then we can mark the support zone from $5.55 to $5.20, and the second support zone from $4.78 to $4.20. As we can see, the EMA Cross 10 and 30 indicate an uptrend, the CHOP index indicates entering a local downtrend, while the RSI shows a rebound and a downtrend.
by cryptodailyuk
2
GJ - WEEKLY PROJECTIONSimilar to my previous post on the Monthly. These are my HTF projections So obviously, there's not much detail on them but I am a swing trader and I like to project from the monthly downwards as there is a lot that is missed if you don't analyze from the monthly down in my opinion. I have deleted the monthly fib because it clutters my chart but keeping this in mind you can see its reacted at the monthly fib and now, we are currently sitting at the weekly/daily fib to go bullish. Also - If anyone has ever told you that a 'head and shoulders pattern' is great for determining reversals, make sure you go get a lobotomy and forget it ASAP because they are one of the biggest Liquidity Raids/Price Manipulation setups you will ever find and rarely ever play out like your courses tell you. Just like AJ - It looks too pretty and too perfect to continue as a 'Head and shoulders' into a downtrend. I would be very surprised if it did, and the only way I could ever see it doing that is if it has a massive liquidity raid and manipulates everyone out of the market before reversing and becoming bearish. But - I never say never because anything is possible, and you have to always keep an open mind otherwise you will never make money in these markets. At the moment - its looking like GJ is accumulating sellers because most sellers are taught to sell when they see a 'Head and shoulders'. I'm thinking it will temporarily trend bearish into the lower fib to remove liquidity first before it reverses to continue bullish after removing all buyers. Don't forget that the weekly/monthly Fib has not been touched yet so I'm waiting for price to trend bullish to fulfill it. From there we have a few options but i will assess and adjust as the week goes on. It may trend bullish, hit the Fib and retrace to remove more liquidity and then either tank or continue bullish removing all sellers and also fill that imbalance to the left. Thats what i would like to see but it's way too early to tell. :)
Long
by Pmilanoxx_
Daily review of BTC interval 1DHello everyone, I invite you to update the situation of BTC on a one-day interval. As we can see, the market woke up and the price went above the downtrend line. We could see the formation of a rounding bottom pattern, which is characterized by the effect of breaking the resistance level and increasing the price, which we can also observe. Now it's worth checking where btc is going next. Using the Fib Retracement tool, we can check the current resistances that the price has to face. And here we can immediately see that we are at a crucial moment at the resistance level of $19190, and also at 0.618 Fib, which is called the Fib golden point. We can see that the price is testing the current resistance, which may provide some respite before further upward movement, near the resistance at $20179 and then $21486. Once the current resistance level is pushed back and the price begins to fall, we can establish support at $18,456, then $17,882, and a strong support zone from $17,435 to $16,271. As we can see on the CHOP index, the energy has been used for the current upward movement, the MACD confirms the upward trend, while the RSI indicator moves above the upper range, in a place where we often had a feedback reaction and price correction, but it does not mean that we will not see another upward movement .
COINBASE:BTCUSD
by cryptodailyuk
1
Daily review of BTC interval 1DHello everyone, I invite you to every Monday review of top cryptocurrencies. Let's start by checking the situation on BTC in pair to USD, taking into account the one-day interval. As we can see, the BTC price has moved above the downtrend line and is currently moving above the local uptrend line. Before we move on to determining the support for the price, it is worth looking at the fact that we have currently formed a lower peak than the previous one, while the RSI indicator has the opposite situation. On the chart, the first peak is higher than the second, and on the RSI, the first peak is lower than the second. The formed pattern often ends with a downward price breakout. Now we can move on to marking places where the price has support. And here we see that we have the first support at $17,272, the second support at $16,920, and the third support at $16,576. However, when it comes to the resistances that BTC has on its way of growth, we see that the price is currently fighting with the first resistance, the next resistance will appear at the price of $ 17,577, at the so-called golden point of Fib, then the resistance is at the price of $ 17,929 and $ 18,384. Please pay attention to EMA Cross red 10 and green 30, as we see red crosses green from below which is a pro-growth signal, however, you should keep common sense and watch if it will not be a false step as in the previous situation. On the CHOP index, we see that most of the energy has been used, while the MACD indicates an uptrend.
COINBASE:BTCUSD
by cryptodailyuk
11
BTCUSDT-1DInterval-Review Hello everyone, I invite you to review the BTC to USDT chart, on a one-day timeframe. As we can see, the price has been moving in the sideways trend channel for a long time, but currently we can mark with the yellow line, the local downtrend line with which the price is fighting. Now let's move on to the support line and as you can see the first support that held the price at the current correction is $16583, if the support is broken then the next support is at $16078, while the third support is at $15461 which is below the lower limit of the channel, but it is also the place of the last price low. Looking the other way, also using Fib Retracement, we will check the places where the price should subdue the resistance when the increases begin. as we can see the first resistance is at $16763, the second resistance is at $17077, the third resistance is at $17325 and the fourth resistance is at $17576. As we can see, the entry into the local correction was preceded by the crossing of the green line moving average from above, through the red line. Looking further, we see that the volume is at low levels with a predominance of candles on the sellers side. The CHOP index indicates that most of the energy has been used for the current correction, the MACD confirms the local downtrend, while the RSI is recovering and is currently at quite low levels, which may potentially bring the price up.
COINBASE:BTCUSD
by cryptodailyuk
2
BTCUSDT Long position Possibilitywe are going to have a look at the changes in the Bitcoin market in terms of data in the network, let's check the potential in the network for price growth, take a look at the miners, measure the supply and demand situation, and finally finish with the options market. In general, the health of the network has improved in terms of activity compared to the previous days, and the positive point that exists is that the activity of the key range has not been lost, but in general, the level of activity is still low, and most of the activity is done by small traders, because if we go, number If we check the transactions, we can see that there has been growth, and on contrary, the volume of transactions is at a low level, and it shows that the whales of the network do not want to be active at the moment. In the past few days, we saw the weakening of the security of the Bitcoin network. fell, the hash rate was decreasing at a relatively high speed, but the current situation has reached its key range, now that news has been published, if this news is definitive, it will cause many miners to be affected, and consequently, the hash rate will be affected. It has an impact and the possibility of losing this key range increases, now considering that the income of miners is also decreasing and if the price stays in these areas, it may strengthen the risk from this category again. Well, I also mentioned the income of the miners. In general, the income of this category through the construction of blocks is still decreasing compared to a year ago, but it has not reached the green area where the miners are under a lot of pressure. On the other hand, the income of the miners from Through the network has risen a bit, but it has not been able to significantly affect the total income. If we come to check the valuation of Bitcoin, we will see that it is involved in a negative bubble, according to the MBRM index, this issue will be very clear to us. It has a significant history and it has shown that when bitcoin is involved in a negative bubble, those who see it have investments and demand that bitcoin will be profitable for them in the long term, but I know that you know better than me that market conditions change in every period. Paying attention to this issue, for investment, we should not pay attention to one element and must consider the view of the action market. If I go to the supply & demand layer and check the demand, we can see that the demand and the network are mainly on the side of the traders, and they are accumulating, but for those who have ten bitcoins, this accumulation has calmed down a bit and they show me indecision. 16400 has become very attractive for traders and it is considered an important range because almost ten percent of the circulating balance is in this area, and if we pay a little more attention, we can also see the behavior of speculators because when the price goes up, they sell at a profit. And again, when we return to these areas, we see that the circulating assets are growing in this area, now if we check in terms of supply, in general, the level of hash and network has come down, whether in profit or loss, but during the past day, we have seen We had a series of sales, and again, the sales were at a loss, and it happened from those whose coins were between 3 and 6 months old, who had the highest sales, and the total amount sold in this category was 22,000 bitcoins, but those who were in profit. Now, they prefer to withdraw their own coins, instead of the old ones It has been 7 to 10 years wallet that the amount was low and their number was 590, and then it was two to three years that they took out 2000 bitcoins, but the more important thing is the behavior of speculators. We see that the sellers are buying in the support areas, the price goes up a bit, they sell, and until the price cannot break those areas that make a profit, the price growth can be uncertain. Finally, if we check the amount of Bitcoin input and output to exchanges, the input is more dominant, but I don't see very serious inputs, so in general, even though Bitcoin is located in valuable areas, the potential in the network is less than before, if the important areas of security activity are lost. Lamb naturally affects the health of the network and that effect will be negative In terms of supply and demand, we can see that the demand in the network is not so high, although the width in the network is low, but the behavior of investors is more than everyone else at the moment. Finally, we turn to the option market , we see that the most important maturity date is December 30, the volume of open contracts is very high (approximately 2.3 billion), the most important support for us is at $15,000, then $12,000, and finally $10,000, that's right, $10,000 has much higher open interest. But in order to reach $10,000, we must first lose $15,000. Now, considering that we mentioned that the range of 16,400 is very attractive for traders, and it has been able to work well for now. In the end, if we examine the implied volatility together, which shows me the expectations of traders and price changes, it somehow shows the foresight of option traders. We can mention 2 things: One is that the traders expect that we will reject this area, whether it goes up or down, on the other hand, it is a good time for those who want to work with options because the contracts have become cheaper, and it is possible that we will see new contracts in the coming days. There will be a lot of new sentiment in this market, and if there are any changes, we will definitely update The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
BITSTAMP:BTCUSDLong
by expay24
TON: Overrated project or the FUTURE of crypto market?Hello! This is the third article in a fundamental project analysis (check the first one about Aptos and the second about Solana ). In this idea, we will analyze one of the most controversial projects of the last 2-3 months - TON. The main goal of this article is to show you the project from various perspectives, to provide all information about the project and our estimation of that information, and in conclusion we'll tell you our opinion on what to do with the project and how you can earn from it. In some way, this article will be beneficial to both experienced traders and newcomers to the market. Please leave your comments after reading it and subscribe to our other resources; we want to know what you think! The project and its token The Open Network successor to Telegram Open Network - native token TON successor to Gram. What is the project? TON is Layer one blockchain. Working on The Open Network's (hereinafter TON) predecessor, Telegram Open Network (hereinafter Gram), began in 2018. Gram raised $1.7 billion in private sales to investors in April 2018, but fundraising did not stop there. Gram crashed as a result of the decision to hold an ICO under US jurisdiction, after which the Securities and Exchange Commission (SEC) recognized Gram as a security and declared all previous sales of Gram to investors to be illegal securities distributions. Litigation ensued between the SEC and Telegram, and the SEC won. Consequently, Telegram halted Gram development and began returning funds to investors who had decided to exit the project. The TON project was already well underway, with a team of developers and active users. Many of those who were excited about Gram joined the TON team. PRODUCT PART Key mechanics: Proof of Stake consensus algorithm – network security is dependent on validators checking blocks and delegates trusting their tokens to validators to increase network security Sharding – blockchain speed, scalability and higher throughput TON Proxy – access to the TON blockchain via a decentralized VPN and TOR-like network. Increased decentralization and accessibility. TON DNS – domain names similar to ENS on Ethereum, but TON has integrated their application thanks to Telegram support. STRENGTHS: TON's product strengths are not based on a technical stack; in 2022, sharding was implemented and is being implemented in blockchains. Claimed blockchain TPSs are breaking all records, and scalability is one of the key issues that all teams are working on. TON's strengths are primarily in the user sector, where they are working to improve user experience and acceptance of TON. This is definitely a good thing, or it would be a good thing if Telegram didn't lose the trial in 2020, or it would be even better if there was no trial and the ICO took place in any other jurisdiction. TON, or Gram in that case, would already be among the top ten projects in terms of capitalization, dictating trends in the industry. WEAKNESSES: TON is not a self-sufficient project ; its entire success is dependent on a single narrative, Telegram integration. Without Telegram's support, TON as a project would have lagged behind the first hundred projects in terms of capitalization, and it would have been remembered as, yes, it was a solid idea, but these guys lacked originality. To use an analogy, imagine Aptos coming out not with the idea, scalability, a new approach to the role of L1 blockchains, and its unique concepts, but as a project that might one day be integrated into Facebook or Instagram. And Zuckerberg was tweeting about his plans to incorporate Aptos DEX into his apps. Of course, everyone would shout LFG and To the Moon for the APT token, but the project would no longer be unique; we would no longer be able to appreciate Aptos as a project, but rather as a third-party add-on to social networks. That is exactly what TON is; the project itself did not introduce any new ideas; it is simply a project that will most likely be fully integrated with Telegram at some point. TON is not a bad standalone project, but it is far from the best. The uniqueness and added value of TON tokens are solely dependent on Pavel Durov's will and integration solutions. If any reader disagrees with these assertions, consider what TON has brought to the table as a unique project that we have not seen before. Let's look at some examples: 1. Ethereum created the first and most stable DeFi ecosystem on the market, and advanced concepts and ideas (DAO, DeFi, NFT, SBT, Sharding, ENS, L2 solutions) were conceived and implemented within Ethereum. 2. Solana is a one-of-a-kind project with one-of-a-kind concepts such as no mem-pool and combining validation and consensus algorithms to increase TPS. On the product side, Solana has enabled users to earn dozens of times on DeFi and NFT, and the ecosystem has spawned some of the most well-known DAOs and projects. 3. Near is still considered one of the most technologically advanced blockchains, with a decently integrated EVM-like network for asset migration. Yes, there were marketing gaffes, and the network did not receive the attention it deserved. However, there was an attempt, as well as a narrative within the ecosystem. What exactly did TON provide as an individual project?? BUSINESS PART How does the product make money? Any L1 solution has 4 basic ways to make money: 1. Selling native tokens representing the team's portion of the total number of tokens. 2. Selling their infrastructure for commercial use by other projects. 3. Investing in other projects. 4. Attracting investment – while we do not consider this a full-fledged way to make money, it does provide funds for operational and strategic actions. Lets analyze each and try to figure out how TON will make a profit: 1. Selling tokens is a well-established practice; everyone sells a certain percentage of tokens, and that percentage is primarily determined by the team's intentions for the product. If the team views its project as long-term, and things are going well within the project, a small portion of tokens are typically sold, or no tokens are sold at all. If you have funds for development, it is far more profitable to accumulate native tokens rather than sell them to the market, especially if the market is in a slump. 2. Selling their infrastructure – rarely can any project make a good profit on this; typically, buyers are large projects that already generate a profit from their operations. These parameters are well met by projects on large and active blockchains, such as Ethereum. TON lacks critical mass; the ecosystem currently lacks the required number of users and full-fledged businesses. 3. Investments are typically venture capital investments in the most promising projects within the ecosystem or in projects outside the ecosystem that can benefit your ecosystem. The average investment horizon is 3-5 years; such activity does not provide money immediately, as good investors will not drain the tokens of the project in which they have invested. The token's price is the most effective marketing tool. In the long run, it could be a good source of income for TON, but not right now. Furthermore, there are no such promising projects within TON; the ecosystem is still in its early stages, and the best projects for investment will emerge later, namely after the ecosystem's initial establishment and consolidation. 4. Attracting investment – everything is ambiguous here; we don't know who these people and companies are who are investing in TON, so this section is based on hypotheses and assumptions. Only one thing is certain: TON has money, or they would have to provide all marketing and project development for native TON tokens. According to one version, after the project's closure, some of Gram's private investors decided to invest their money in TON. There is also speculation that Telegram invested funds in its subsidiary project. Throughout the existence of TON, there was no public information about sums and investment rounds raised, we know nothing about splits and vesting periods of early investors, in fact, we know almost nothing. We only assume that at some point TON had enough funds to develop the project. Okay, we've sorted through all four TON earning opportunities; the most important at this point in the project's development is selling tokens and attracting investments. Considering all non-transparency, until the policy on informing collection of new rounds is changed in TON will be invested by individuals and angels, funds, particularly those within the jurisdiction of the United States, hardly decide to invest their funds, many of them did not do it during Gram's flourishing, so after all litigations between Telegram and SEC crypto institutes will most likely decide to reinsure. This severely restricts TON's ability to attract investment. We can't say how much influence investors can have on the price because we don't know the webcasts and splits, investor shares, and other key nuances of tokenomics. If we assume that the TON investor is only interested in making a profit, we already have two large groups of sellers: the project team and its investors. Keep in mind that there are groups of advisors and validators within the project who also receive native tokens and must lock in profits. Team We know nothing about the current TON team; previously, the key people at Gram were Pavel Durov and Nikolay Durov. Pavel is likely no longer a member of the team after Telegram officially closed the Gram project. Because of Pavel's dedication to TON, one can assume that his brother Nikolai is a key figure in the TON project. There is no more public information about the team, and there is nothing on which to base a hypothesis. Funds and investors All investments were private, and no information about the individuals or total amounts invested in the TON project is publicly available Tokenomics Current number of tokens: 5 billion TON Number of tokens in circulation: 1.2 billion TON Market capitalization: ~3 bln. Total market capitalization: $12.2 billion The token employs an issuance model based on the underlying inflation rate, the higher the price - the higher the rate, the higher the rate - the higher the issuance The annual inflation rate is currently 0.6% The target annual inflation rate indicated in the TON whitepaper is 2% If the issue is proportional to the inflation rate, we will have at least 25 million new TON tokens per year at the current rate of 0.6%, and when the target rate of 2% is reached, we will have 100 million tokens per year. It should also be noted that issuance is typically based on the number of tokens issued, and the more tokens we have in the market, the higher the issuance will be in absolute numbers. It should also be noted that validators will receive 20% of the token distribution. A common misconception is that validators have no operating expenses. There are, of course, lower costs than for Proof of Work miners, but don't think that with the PoS algorithm, validators can't sell tokens because there are no transaction costs. There are those costs, and it also makes sense for validators to take a portion of the profits, resulting in structural supply. Another piece of bad news is that the token burning mechanism is not mentioned. Without the combustion mechanism, the number of tokens gradually increases, and the greater the number, the greater the total supply; keep in mind that for the price of a token to rise, demand must be greater than supply. Without burning native tokens, the supply will exceed the demand, and this oversupply will only grow. TON token demand is currently seen as demand from Telegram users, and it is limited by Telegram's ability to enter new markets and attract new users. The supply of TON tokens is only limited by issuance, and the greater the demand for TON, the higher the issuance, and thus the sooner the supply exceeds demand. All of this is on top of a lack of transparency about investors, vesting and unlocking tokens, information about the team, and the fact that TON is essentially not an independent project but a Telegram add-on. There are also a number of structural supply and demand issues. For example, it is not enough to create initial demand; you must also maintain that demand. If everyone who wanted to buy TON tokens and demand drops, TON and Telegram should think of something to encourage users to buy a second round, otherwise the price will begin to fall and all those who said to the moon and LFG will sell, causing a cascade of liquidation of futures buyers and forced sales, resulting in a price collapse. CONCLUSION What to expect in the future? TON should be approached from two perspectives: the product and the speculative investment. From a product standpoint, TON is likely to be a success and mass adoption thanks to Telegram's support. The likelihood of this success is dependent on whether various governments will not interfere with Telegram as a result of TON integration, and if they do, whether Telegram and TON are prepared to fight back in court. If the authorities in some countries impose a mandatory block on the use of Telegram, TON's position may be jeopardized. If Telegram and TON are again defeated in court by regulators, the situation may change. If Telegram and TON can complete all of their tasks without incident, TON as a project and asset will be widely accepted, at least within the Telegram ecosystem. From a speculative and investment standpoint, the uncertainty is even greater; the project has numerous flaws that must be addressed, and we do not know the motivation of the key stakeholders. If the integration is successful, TON will most likely be able to reach a new ATH in price, make x2-3 to the current value, and enter the top 10 projects in terms of capitalization. If the market enters a growth cycle, TON will be one of the most expensive tokens on the market for the next cycle. If TON integration fails, it will be a total failure, and the price of TON will fall by -60-70%. If we consider a neutral scenario in which the integration was successful but TON use within Telegram is not available in some countries, the price of TON will still break the ATH in the short term, and everything will depend on the team. OUR OUTPUT: LONG OR SHORT It all depends on the investment horizon and the ability to wait; in the short term, this appears to be easy money, but in the long term, the risks will be higher, as will the possibility of a black swan product or market. A long or short in the short term is essentially a bet on whether Pavel Durov can carry out all of his plans, whether he is prepared for regulatory claims, and whether he has reached conclusions after 2020. Long or short, whether the project team can maintain the product, introduce unique mechanics and narratives to maintain the ecosystem, and whether the team has a plan to eliminate weaknesses is your bet in the long run. It's also a bet on investors' desire to lock in as much revenue as possible, as well as their project valuation. We see a picture in which the short term is long before the breakthrough of the new ATH, then you look at the market, and the long term is short after the breakdown of ATH, but you must consider how the product develops and what market. People do not see the weaknesses and vulnerabilities during the bull market because of the euphoria, but after the bull market ends, you can profit from these weaknesses. OUR FINAL WORD Always keep in mind that, in addition to your basic strategy, everything depends on your risk tolerance, ability to wait, and your fundamental principles and beliefs. We publish our opinions and assessments of various projects, what the prospects may be, and how those prospects provide opportunities for everyone. Our goal is to provide value where no one else has done it before us. Subscribe to our resources and trade with us!
by Samura0x
MATIC / USDT 1D chart ReviewHello, I invite you to review the MATIC chart on a one-day interval. let's start by marking the blue line, the downtrend line, which, as you can see, the price overcame. Since the end of August, we have been moving in a sideways trend channel, but we can also notice that we are locally below the downtrend line. Now let's look at where the MATIC price has support, as you can see the first support is at $0.70, but if it goes lower we have another support at $0.52 and then $0.31 which is at the last low of the price. Looking the other way, we can also check what resistance awaits the MATIC when the price starts to grow. And here we have the first support at the price of $ 0.93, when we manage to break it, the price will start moving towards the support from $ 1.32 to $ 1.63, only when we manage to break this zone and then positively test it, the way to further increases will open . It is worth looking at the moving averages, where we can see that the white line, blue line and red line have crossed the yellow line from below, which heralds increases, however, currently the white line is getting closer to crossing the yellow line from above, if this happens, then blue and red will follow the white one, we can continue the downward trend. Looking further, the CHOP index indicates that most of the energy has been used, the MACD indicates a local downward trend, while the RSI has decreased, but there is still room for a deeper correction.
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by cryptodailyuk
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QNTUSDT 1W Interval Targets and StoplossHello everyone, let's take a look at the 1W QNT to USDT chart as you can see that the price is moving below the downtrend line and is close to exiting the current triangle. Let's start by setting goals for the near future that we can take into account: T1 = $127.6 T2 = $148.7 T3 = $165.8 and T4 = $182.5 Now let's move on to the stop loss in case the market goes down further: SL1 = $102.6 SL2 = $82.6 SL3 = $66.4 and SL4 = $50.8 Looking at the CHOP indicator, we see that the energy is gaining strength on the 1W interval, while the MACD indicator confirms the downward trend, but with a decreasing advantage of sellers.
by cryptodailyuk
BNB / USDT 1D INTERVAL, Support and ResistanceI invite you to view the BNB chart on a one-day interval. In this situation, we can mark a sideways trend channel where we are approaching the lower part of the channel, after the huge increases in 2021. We are in a downtrend locally. Let's check with the Fib Retracement tool what resistance we should consider in the coming days or weeks. First, the price has to overcome the upper level of $298.5 only then we will be able to move towards the resistance zone from $372 to $430. However, when it comes to support, we are currently in the support zone, which lasts from $ 266 to $ 230, in a situation where the designated zone does not hold the price, we can fall to around $ 183.5, which is the lower limit of our channel. On the other hand, a lower exit from the channel can mean a huge drop even to around $50. As you can see on the CHOP index, the energy has been used, also on the RSI we see that we are in a place where the price often changed its direction. However, here it is necessary to observe the behavior of BTC in a situation of very large drops will entail the entire market. However, it is worth remembering about the constantly appearing negative information related to the Binance exchange, which may negatively affect the BNB price.
by cryptodailyuk
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