Smartcontracts
Ether poised to benefit from infrastructure spending?'8th Day' positive extreme projection here is carried forward on the combined trend line, terminating at the same price at the later date where that price is shown.
What happens between now and then may be greatly influenced by news $30M spending will proceed on Ethereum infrastructure by concerned parties going forward. Tentatively, an increase is likely, hovering somewhere between today's price and the extreme presented, reaching a peak somewhere on the timeline.
As to whether a new higher high will occur, solidifying Ether's USD valuation here on the digital currency 'backside' as a hedge against a possible late May BTC correction, and other factors of volatility in the market, is speculative.
Ether has retained a good portion of its latest surging increase in BTC valuation following BTC's fabulous rise. And on the USD side did well during the mini-correction. It may be relevant to point out if digital currencies are to gain from their intrinsic value they will have to compete on market capitalization with the very currency which drags their present valuation all over the map; this may mean investors will benefit from Ether swallowing not just the tail of the whale, but a good portion of its body, making way for its intrinsic valued cousins to refresh the sea with services and economic opportunity by way of active developer and user communities, subsuming their progenitor for the good of all.
If the whales are worried at all, investors in Ether may not see it unless they first present the challenge. It will otherwise probably be business as usual, which isn't bad, but doesn't really seem to deliver on the widespread promise of systemic change resulting in lower fees, greater access, and, as mentioned above, new economic landscapes carved out of information in cyberspace, the virtual and limitless real estate which continues to capture our imagination and innovation.
[1W] ALL IN TO WIN. MY LINKY ALWAYS STAY STINKYI kind of wrote on my chart what I am looking at,
But with potential Main-net end of Q2(as soft-confirmed by team) consensus around the corner, itd be pretty bad idea not to have a bit of $LINK
Seeing previous price action and the potential behind the tech. No brainer
NEO Breaks Out On Enormous Volume Pretty self-explanatory. I'm tired of typing for today, so let's keep this short.
I bought NEO at 2030 with all my TRX (which I bought much lower). I expect NEO to continue its uptrend for now. We're consolidating nicely and building support in a previous MAJOR resistance zone (in red). If we can hold this area, I expect us to head towards the next targets, in green X's. I'm holding NEO long term. Yes, we can revisit lower supports, but currently price action looks very strong, with volume to support it.
We also bounced off a major support in USD value ($5-6). I was looking for a sign of strength after we reached that area, and had been wanting to enter a position on NEO since it was in the $16-30 zone. It looked too weak there so I patiently waited. So far, it was a good move.
This is not financial advice. For future reference and educational purposes earlier.
-Victor Cobra
$ONT / $BTC Analysis. Good Time to Enter?It will not a surpise to me if ONT will back to 0.786 support which is 0.0002364 as the similarities happen towards the price action and RSI level. Let me expand this opinion.
Through bear market as the majority is struggling in 8 months to hold up, there is nothing special with Ontology which also experience the same thing either. But this coin was one of the most phenomenal gains after it's release.
Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups.
Right now it's still one of the best pick, but must with a good entry. Which from I see, 1st: 0.0002731 / 2nd: 0.0002364 / 3rd (worst case): 0.0001896) after those, we will hold and wait it will get back to the neares top 0.0004083.
ETHUSD Ethereum is falling in the BUY ZONE! Hi Guys,
I know the charts look rough and the prices look like everything is tanking, but i think we are accumulating support for ETH at these levels, and as i had mentioned in my previous charts, ETHUSD is in retracing to a good buy zone around $575.
We hope to see a bounce of 23% on FIB, where i think ETHUSD will find solid support.
There are too many apps running on ERC20 to have everything just go to 0.
ETHUSD should see a bounce back soon.
Disclaimer:
I am not a financial advisor nor shall you make any financial decisions based on my findings. These are for educational purposes only.
EOSBTC Descending Pennant Analysis with TargetsHello, welcome to my EOS analysis!
Above I have detailed a descending pennant which is a bullish pattern. Given that EOS is a smart contract, it has the tendency to break out earlier with extended runs. We've touched the "strong support," and are heading to challenge the orange resistance conveniently placed on our triangle's D wave. Considering BTC's direction at this time is still relatively unknown, it could be the trigger via a pump or dump to make EOS pull back down from the resistance to make our E wave and then exit the triangle.
Regarding indicators, you can see that the MACD is beginning to curve with the future bullish cross also likely within the time span that an E wave is completed. Our stoch RSI is also pressed to the bottom.
Feel free to join in on the discord and ask to be added to notifications as analysts post charts for those on the server.
The link is still available on my profile, good luck trading!
Running With Cardano (ADA)It appears that ADA will continue to correct and descend in price for 2 more days before breaking out towards our next targets.
Key things to keep in mind:
• EMA55 : Continuing recently reversal (for positive) in oscillation till what appears to be May 25th or 26th.
• Volume Is Healthy and Showing Bullish Sentiment
• MACD is on an uptrend and showing bullish sentiment.
Target #1: 0.00004840
Target #2: 0.00005424
Target #3: 0.00005946
Stop Loss: 0.00002967
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
ETH to remain near $1200Ethereum (ETH) has been a sort of catalytic converter as of late. Even though Ethereum makes up the bulk of this given activity. It still falls short of optimum performance.The demand for Ethereum based contract will increase but so will the alternative investment products. Efforts should be made to unify Saudi banks' stance on issues that come up. I suggest a task force re-inforce seriousness. All in all, I see ETH doing well through mid-2018 but a circumstance might bring about a positive change. I see ETH being stable and a mandatory cryptocurrency from which to draw legislation in various protectortes.
ETH/USD - WHAT DO WE NEED?• Current price of ETH is $797.00.
• Resistance levels are lined up with fib retracement levels (both on macro and micro scales).
• Ideal buy zone between $700 and $760.
• Target sell #1: $1000
• Target sell #2: $1240
• Target sell #3: $1388
• MACD showing positive behavior on uptrend.
As always, we recommend for every one to further expand their knowledge and do as much research as possible when investing. These are our own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
Eth hits new ATHEth has been trending higher as the bitcoin fork drama subsides and the market refocuses on everything else in addition to first cut of the Ethereum Casper code being published on Github earlier this week!
Technically Eth has continued to make higher lows and today made a new all time high! If we can stay above the ~395 level we can see Eth leg up higher towards 550+ over the next month or so as more updates continue to come forward and larger traders begin to enter the space and likely start with BTC and ETH.
Happy trading!
Abe