LOOPRING, Cuz if you like it, then ya shoulda put a RING on itLoopring chart update to reflect an unlikely move, but also possible, and also allows for me to add in the higher lines and show the full potential retracement scenario.
In other words, buy the dip, but like .9 is around a 200% gain from here. Don't be greedy at that point, be greedy now and on the way up.
I'm not sure what else to add.
Follow the trends.
Something is definitely going on with crypto and the alts.
Good luck!!
RING
Ring Falling Wedge, 200ma BeatRing has formed a falling wedge(FW) pattern as price trends above the 200ma for the first time since early 2021. Falling wedges tend to be bullish patterns as price tends to break up and out of them which price is attempting to do on this move up this morning. Having 200ma support for the first time in over two years is helping the bull case for a break up and out of the wedge.
The short moving averages(MAs) are all rising and above the long MAs, with all MA's in proper bullish sequential order other than the 100 and 200ma's.
The PPO indicator shows the green PPO line overlayed with the purple signal line. When the green PPO line is trending above the purple signal line the short-term momentum is considered bullish; when the green PPO line is below the purple signal line the short-term momentum is considered bearish. Both lines being above the 0 level indicates intermediate to long-term bullish momentum. Going forward we want to see the green PPO line hold at the purple signal line and turn back up as a signal that price has returned to short-term bullish momentum.
The TDI indicator shows the green RSI line above the 50 level and recent action has the green RSI line trending between the 40-80 levels which indicates intermediate to long-term bullish price trend. Currently the green RSI line is attempting to rise back into the upper half of the white Bollinger Bands and above the horizontal 60 level which beating both would indicate short-term bullish trend in price.
My entry on this trade is $40.46 with a stop-loss at $37.56. Short-term scalping on a successful break out of the falling wedge would put profit-taking near the $43 area based on a measured move of the falling wedge. Should price move above $43 with ease I'll likely keep holding the trade and raise my stop-loss on pullback and moves higher should price begin to create a series of higher highs and higher lows.
$RING Darwinia network bottomDarwinia is often cited as one of the strong contenders for KSM/DOT parachains.
I believe the idea started as a game and ended up evolving into a cross chain hub for Polkadot to Ethereum/Tron and others.
Chart is pretty straight forward. massive run up entirely reclaimed after the BTC dump and now just exiting a previous heavy accumulation area.
I believe the Polkadot narrative could heat up in the coming weeks/months as they get closer to launching functioning parachains.
KTON Darwinia Commitment Token This Defi Cross-Chain Project can be big, Circulating Supply 51,158 KTON - Max Supply 69,455. i won't speak a lot about KTON, so you have to DYOR, it's a Reward for Stacking Darwinia RNG (Ring).
KTON is a derivative commitment token of RING (Darwinia Network native token), which encourages long-term involvement. RING holders can voluntarily lock RING for 3–36 months and get KTON as rewards, compensating for the liquidity loss. KTON can be staked for staking rewards and obtaining voting power to participate in the governance.
Darwinia Network is a decentralized heterogeneous cross-chain bridge protocol built on Substrate, serves as critical infrastructure for interoperability across the blockchain networks. Darwinia Network focuses on decentralized cross-chain token swap, exchange, and market and enables single-chain application upgrade to cross-chain version, including Defi, Game, DEX, NFT market, and more. Its vision is to build the future Internet of Tokens.
Trading Parts :
- Buy Zone :
Buy Zone 1 : 130ish
Buy Zone 2 : 100-105ish ( Not sure it will down there but keep some Juice to rebuy)
- Take Profits :
- TP1 : 400$ (ATH)
- TP2 : 590 ( 161.8 Fibo)
Stay Safe and invest wisely, and don't be greedy ! Don't forget to follow The King !
Happy Tr4Ding !
Darwinia Network RingAgain a strong Potential defi and very interesting cross-chain project linked to Polkadot:
here the description :
RING is the native token of Darwinia Network. It's used to pay for the GAS fee of the on-chain transactions and cross-chain services. RING can be staked for staking rewards and obtaining voting power to participate in the governance.
Darwinia Network is a decentralized heterogeneous cross-chain bridge protocol built on Substrate, serves as critical infrastructure for interoperability across the blockchain networks. Darwinia Network focuses on decentralized cross-chain token swap, exchange, and market and enables single-chain application upgrade to cross-chain version, including Defi, Game, DEX, NFT market, and more. Its vision is to build the future Internet of Tokens.
So to be clear and fast , Darwinia will connect all Blockchains, Kton is a reward for stacking RING, Kton + Darwinia Stacking = more power in your stack = more rewards.
Don't forget to DYOR before buying !
Trading it :
- Buy Zone 1 : 0.074 ish
- Buy Zone 2 : 0.064 ish
- Tp1 = before 0.15$ for safety
- Tp2 = 0.175$
invest wisely + don't go all in.
Happy Tr4Ding !
The Gold miners ETF just broke a heavy weekly resistance, Gold..The gold miners ETF just broke a big weekly resistance (since 2013) at 27.00 and its current price is now 28.72, what does it mean for Gold ?
As you can see, the price of this ETF broke a huge resistance, after a bullish pattern "Cup and handle", this is a big sign of a bull market for Gold !
Gold could breakout soon.
However, never forget that it might be a bull trap, in my opinion, if Gold breakout 1800$, you could buy a small size contract and enjoy the ride but never forget to set a stop loss ;)
Long Diamond industry(SIG)they got beat last earning, more than they should.
weekly chart is showing they may reverse here.
This is a long term hold.
Sell 200 $34.00
Stop 200 $23.50
Buy 200 $27.29
As always,
I will give you my fundamental reasons why I like the stock.
I was in the market for a 2 ct diamond ring and did a lot of research.
I reviewed a bunch of sites and I was really impress JamesAllen.com, did a backsearch to see who owns it and Long and behold it was SIG.
"Signet Jewelers Ltd. is the world's largest retailer of diamond jeweler. The company is domiciled in Bermuda and headquartered in Akron, Ohio, "
However, they own more than just that online retailer, they are almost a monopoly in the diamonds industry.
Look at my list below for other companies they own and you'll be surprised.
Anyways, back to JamesAllen.com, they really step up their game with that site, it was a top notch diy website for ring shopper with some of the best tools available.
I don't see how they wouldn't capture the millennial online market with that site.
This is a stock, I'd put away in my 401, forget it for a bit and load up again if they get shave 50%.
Subsidiaries
Zale Corporation
Kay Jewelers
Jared
Ernest Jones
H.Samuels
Leslie Davies
James Allen
Progress Slows On Once-Hot Ethereum Privacy Projects////ETH has all but given up on being private,
we will need fungible assets like
XMR to power the smart contracts of the future
if we want to retain our privacy from all///
thereum's moon math is showing signs of coming back to earth.
Such was the feeling at EthCC, an ethereum developer conference in Paris, Thursday, where a dedicated privacy track struck a somber note compared to years past.
Indeed, despite a software upgrade in October that saw improvements built to pave the way for confidentiality, such methods have been shown to exceed ethereum's processing capacity, with the computationally intense cryptography all but bringing the blockchain to its limits.
So, while developers like Andrew Miller had predicted a rise in privacy-centric ethereum applications just months ago, the conference showcased how an almost eerie silence has followed as scaling and security obstacles have proven more difficult to solve than foreseen.
As evidence, ZoKrates, a programming language aimed to equip average developers with the ability to code private contracts, has struggled to find its way out of the setup phase.
Speaking in a presentation today, the code's creator, Jacob Eberhardt, said that ethereum will need to add more cryptographic variables in a system-wide software upgrade for the concept to work. Still, Eberhardt also bemoaned that, given the controversy that can follow such a suggestion, it's perhaps not one that will be adopted quite so easily.
"We don't want to keep adding new crypto," Eberhardt said.
Matthew Di Ferrante, developer at the Ethereum Foundation and founder of smart contract company ZK Labs, echoed this cautionary tone. In a discussion on the relationship and trade-offs between privacy and scalability on ethereum, Di Ferrante went so far as to warn the audience.
"If you think ethereum isn't scalable now, or that blockchains aren't scalable now, the further you get the more alarming it is. Everyone likes to talk about the magic, but not many people can write the code," he said.
The statement is notable considering the urgency of the ideas at stake.
In particular, zero-knowledge proofs, due to their ability to compress information in a concise format, could eventually work to reduce information on the ethereum blockchain, thus enabling better scaling.
According to Di Ferrante, such achievements are still possible, they're just a little further down the line.
He told the audience:
"Progress is slow but that doesn't mean it's not possible."
Waiting for privacy
As an example, Di Ferrante pointed to blockchain voting to illustrate the problems faced today.
"A vote of a thousand people would require a thousand signatures each a thousand bytes each. You would never be able to check a single signature due to the block gas limit," Di Ferrante said.
Such a use case is the core emphasis of Di Ferrante's research, which seeks to anonymize proofs through the use of ring signatures - a way of obscuring information in a retrievable way that works by aggregating the data within a group.
Di Ferrante has found that by using bi-linear pairings, a form of elliptic curve that is active within the ethereum virtual machine, various shortcuts in the complex cryptography can be made to minimize the scalability trade-off.
However, while his prototype has a working implementation, Di Ferrante told the audience, "It's just ridiculous, it's way too inefficient, if people started using that as a main service the chain would go down again."
And that wasn't the only sobering note struck at the conference today.
Currently, in order to generate a ZoKrates contract, each individual needs to enact the setup phase themselves, a fact that is perhaps slowing the adoption of zero-knowledge cryptography into businesses built on the ethereum platform.
In the generation of a zk-snark, information is produced that could allow the holder of the information to falsely manufacture transactions, providing the data generated by the zk