STX entry 1.8 to 2.06 through 4.Stacks ($STX) is a layer 2 (or as described by Stacks as a Layer 1.5) smart contract protocol that lives on the Bitcoin blockchain. Via Stacks DeFI and other utility/protocols including City Coins (currently being minted by New York City and Miami and soon Austin and others), while other DeFi platforms built for Bitcoin live on other layer 1's (i.e. Badger on Ethereum), a smart contract protocol on top of the most secure blockchain may or should not only assist in avoiding a "flippenning" but is critical at a time where multi/cross/para chains are the current solutions to avoid bouncing protocol to protocol.
Additionally Stacks was both the first cryptocurrency to be acknowledged by the SEC as a security and also to be no longer recognized as a security by the SEC after successful adoptions. DYOR, Grayscale and partners have significant involvement in Stacks and was instrumental in the SEC approvals. This is pure gut but my gut says Grayscale will be the first BTC ETF approved by the SEC due to familiarity, etc.
Fractals show a similar pattern having already taken place, expect a full push or a pullback and then push to and through $4. Naturally as tied to Bitcoin, BTC volatility could slow or speed up the growth of STX, but smart contracts on the Bitcoin blockchain is powerful and not discussed nearly as much as one would expect.
The stacking opportunities and ecosystem being built around Stacks i.e. City Coins (read NY and Miami Mayoral comments on plans) make this a long term hold for those who want, as blockchain continues to proliferate real world applications beyond just crypto.
Layer2
🐏 ARPA- Descending channel breakoutThe price has reached the bottom of macro parallel channel and broke out from the local formation while being supported by dynamic and horizontal levels.
Static targets:
0.11432
0.14595
0.19486
0.27908
+use channel trendlines for dynamic targets
-----------------------
About ARPA:
ARPA is a blockchain-based layer 2 solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies while keeping each party’s data input private and secure.
Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include credit anti-fraud, secure data wallet, precision marketing, joint AI model training, and key management systems. For example, banks using the ARPA network can share their credit blacklist with each other for risk management purposes without exposing their customer data or privacy.
ARPA partners with organizations and tech companies like IEEE Standard Association, ISO, JD.com, Sinochem Group, CAICT, Elrond, and Chainlink.
Source: coinmarketcap
Cup and handle on AVAX/ETHRight now AVAX is cycling vs ETH, caught in a range. Will AVAX break out above previous highs?
We should see at least a retest of previous resistance around .02558
Polygon (MATIC) to $4.00Polygon (MATIC) is right on the doorstep to retesting its prior all time highs set back in May at $2.70. Technically and fundamentally MATIC has a strong narrative that will most likely push this cryptocurrency into another price discovery phase. Ethereum scaling, gaming, play to earn, NFTs, and the metaverse are all narratives of what MATIC is involved in. I believe positive momentum in Ethereum's price will slowly trickle down to MATIC.
Once we break past $2.25 resistance area for MATIC I do believe we will grind up to the 1.618 Fibonacci extension of $3.97 setting a new all time high in the weeks or months to come.
Local Support: $1.90
Major Support: $1.50
Current Resistance: $2.25
Much peace, love, health, and wealth.
I think MATIC ...Hello Everyone
#MATIC adjusted to the $ 1.4 range after failing to cross the $ 2 range, from which it has again reached its $ 2 resistance level.
In the daily time frame, it seems that Metic is inside a triangle, and if he manages to break the triangle from the top, progressing to the range of 2.7 is not far off.
But if it fails to break the triangle from above, limits 1.8 and 1.4 are important meticulous supports.
.
.
If you have any questions, you can write it in comments below, and I will answer them
And please don't forget to support this idea with your like and comment, thank you...
MATIC one of my favorites
MATIC Network is one of the most useful coins in the space as a Layer 2 ETH solution that works well and offers its own plethora of tokens on the platform.
Fundamentally, I like MATIC for years to come beyond the price and am excited to see where development leads.
RSI showing exaggerated bullish divergence, but may be rejected at 60 resistance soon. MATIC would enter the bull control zone above $2.05 and bull critical zone above $3.62.
RSI alert level of 90 would offer price targets of $7+, especially if and when Bitcoin BTC breaks above 70k towards 130k in the next 1-3 months.
BBWP showing extended periods of limited volatility over Nov 2021, indicating major moves incoming (as already seen over the past few days, now 12/01/21).
PMARP indicated accumulation ended around 11/22/21.
TSI generated a sell signal from 10/27/21 to 11/07/21, rising above and falling below +25.
TSI generated a buy signal after falling below the zero line on 11/17/21 after rising above the zero line from 11/25/21 to 11/29/21.
TSI crossed the signal line twice from 11/24/21 to 11/28/21 indicating a long position may be prudent.
CMO dipped below and rose above -50 on 11/17/21, indicating a potential buy signal.
CMO crossed the zero line on 11/25/21, indicating a buy signal.
CMO is currently +35 and once above +50 would indicate a potential sell signal.
SMI crossed signal line on 11/28/21 and zero line on 11/30/21, indicating buy signal.
2022 Is the Year of Syscoin according to Log SYS USD ChartsBackground FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020.
Background TA: SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes.
However, this time it's SYS USD that is very interesting and it's only visible in a Log Scale Chart. It's currently in the early stages of Parabolic Growth. One of the very few coins on the crypto market with a multi-year chart available permitting making long-term analysis. The only other coins with Established Parabolic Waves are Bitcoin $BTC, Ethereum $ETH and Dogecoin $DOGE. We covered $DOGE extensively when we discovered Parabolic cyclicality in the Dollar pair. Same short-term parabolic trend was visible in $SHIB in late 2020.
Syscoin is the last major coin of the crypto markets whose next parabolic move up is only in the commencement stage. From 8 cents to 80 dollars it would make it 1000x, placing it alongside other similar coins that performed this stunt over multiple years, such as $ETH and $DOGE and a short-term example of $SHIB.
Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
Bullish case for LRC vs ETHPricing LRC vs ETH makes the most sense for now. As LRC becomes multi-chain this chart could become less important.
This pitchrok is drawn to early, but may give some guidance on how the price might move.
If Loopring starts to claim it's seat in essential ethereum scaling it can do quite well. However if it falls behind this pitchfork will probably find itself useless.
AVAX BEAUTIFUL ELLIOT WAVES!AVAX I am super bullish on this project.#
Great Fundamentals and great Technical Analysis.
AVAX is printing some beautiful Elliot Waves.
I can see it hitting the 1.618 @ $192.
Not Financial Advice.
Please support my work by liking and commenting on charts that you would like to see.
Thank you.
Polygon (MATIC) Growth Incoming Looking Nice!Polygon Matic has been showing signs of gaining positive momentum. We're loosing negative momentum on our MACD histogram and still have yet to bullishy diverge. On the Stochastic RSI we're formed a nice trough starting to creep out of the oversold territory. Layer 2 Ethereum scaling cryptocurrencies will be rising with the growth of Ethereum. I believe move up to the 0.786 Fibonacci level at $2.25 is looking like a good short term possibility. We have a nice sturdy uptrend since July. I do believe we will be getting a re-test of $2.70 cents for Polygon in the weeks to come with the overall growth of the market.
Keep a close eye on Polygon Matic as it has good fundamentals pushing it forward this cycle and still has room to grow.
Much peace, love, health, and wealth!
I won't miss QuickUsdtDo your own research about #Quickswap; I personally like it.
If you agree with me, I think prices around $405 would be a good point to enter.
Despite the targets on the chart, I will hold some until the end of the bull run; there are prices to be explored.
#Quick storm is coming.
Manage your risk, don't risk more than you can afford to lose. Always #dyor.
Good luck.
Matic Polygon Price Explosion!Matic Usd is finally taking off!
- Breakout confirmed on the 4hr
- Inverse head and shoulders pattern is coming to completion with great price targets ahead!
- If we can hold support at the 32.8% Fib, ($1.46) it would not hurt to take profit as resistance levels are broken ahead.
- After breaking the all time high, we will enter price discovery mode.
- Buy the breakout and get payed!
Celer Bottomed- i will try to explain why Celer Network is currently near his bottom area.
- More we go far in the Time more the probality to go lower price increase, Prices have to follow the long term trend.
- So Celer ATH was 0.1$ and right now his price is 0.025$, if TheKing make another, Dip it would mean for Celer to go 0.002$.
- Everything can happen in Cryptos and those projects are still very youngs, that said, No Risks No Life, that's why you are parts of this game.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
i will give u my strategy for Celer Network :
- Demand Zone is 0.2$ as Celer bounced 2 times in the past and made like 1 month accumulation range in that price area before the first run.
- Buy 25% of what you want to invest around 0.02$ ish
- if Celer Break Down again don't touch it unless it reach 0.002$ ish, then invest your remaining 75%
- TP should be before 0.04$ for security and wait to see if Celer breaks the Downtrend.
-if your strategy is good, you don't even need to set a SL.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Happy Tr4Ding!
LONG $TRU - TRUEBITLONG $TRU - BUILDING A BASE relative to ETH // Setting up for the eventual Bullish Breakout!!
Truebit is a blockchain enhancement that enables smart contracts to securely perform complex computations in standard programming languages at reduced gas costs.
Truebit Protocol
Skale, SKLUSDT breakout incoming ?Hi all,
SKALE looks interesting given the rise of Layer 2 solutions and the Elastic sidechain solution SKALE is offering I think it has an upward potential.
Let's look at the technicals we are currently at a break point. You can clearly see that on the daily chart, both the diagonal and horizontal resistance levels meet in the $0.75 zone. I would say that a daily close above that level will open the door for a run towards the ATH daily candle close at $1.1, which is situated at 56 percent from the current price position.
Next target will be at the Fibonacci extension, which more or less is in synch with the triangle breakout target - $1.85 - at 158 percent from here.
Such a strong move will push the market cap of Skale above $1 billion (at $1.16 to be precise) and it will allow it to enter the Top 100, which is absolutely achievable.
Regards