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#VTHOUSDT #1D (ByBit) Falling wedge breakout and retestVeThor Token (gas of CRYPTOCAP:VET ) is pulling back to 50MA support and looks good for a bounce followed by a bullish continuation from here. ⚡️⚡️ #VTHO/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 4.9% Current Price: 0.003380 Entry Targets: 1) 0.003304 Take-Profit Targets: 1) 0.004978 Stop Targets: 1) 0.002634 Published By: @Zblaba $VTHO BYBIT:VTHOUSDT.P #VeThor #VET #VeChain vechain.org Risk/Reward= 1:2.5 Expected Profit= +101.3% Possible Loss= -40.6% Estimated Gaintime= 1 month
Long
by TradingOn
NOT a memecoin!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After rejecting the $0.03 round number, NOT has been overall bearish, entering a correction phase in the shape of a falling wedge pattern. 🏹 For the bulls to take over and start the next impulse phase, a break above the inverse head and shoulders neckline marked in red is needed. Meanwhile, NOT would remain bearish, and a movement towards the blue demand zone would be possible. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
4
PORTAL heavy accumulation!The daily chart of PORTALUSDT on Binance exhibits a classic rounding bottom formation, which is typically a bullish reversal pattern. Observations: Rounding Bottom: The price action from mid-March to early June clearly depicts a rounded bottom pattern. This formation suggests a gradual transition from a downtrend to an uptrend, indicating a potential bullish reversal. Support and Resistance: Strong Support: The price has established a strong support level around $0.80, characterized by high trading activity. Strong Resistance: There is a notable resistance zone around $1.00, associated with negative sentiment. Breaking through this level is crucial for confirming the bullish reversal. Volume Analysis: An increase in trading volume is observed during the formation of the rounding bottom, which is a positive sign of accumulation. Watch for a volume surge if the price approaches and attempts to break the resistance zone at $1.00. Indicators: The Relative Strength Index (RSI) is currently at 58.46, indicating moderate bullish momentum. The RSI has been on an upward trajectory, supporting the potential for continued upward movement. Strategy: Entry Point: Consider entering a long position if the price breaks above the $1.00 resistance level with a significant increase in volume, confirming the rounding bottom pattern. Stop Loss: Place a stop loss below the strong support level at $0.80 to manage risk. Target: The potential target can be estimated by the height of the pattern, suggesting a target around $1.60 - $1.80, which corresponds with previous resistance levels from March. Conclusion: The chart shows promising signs of a bullish reversal with the rounding bottom formation. Traders should monitor the price action closely for a breakout above $1.00 with increased volume to confirm the pattern. Proper risk management should be employed by observing the support and resistance levels.
by MysticMads
1
C&H inside C&H to a 1000% soon on solid project $BTAFThe Bitcoin Trend and Forecast token, $BTAF is performing a stunning pattern: It is a Cup & Handle inside another Cup & Handle! What you see is a bigger picture, some 15 months; it has performed a very large C&H that has already broke out from handle (downward yellow channel), with target at stunning 1000% The handle of this bigger C&H formation is another C&H! This smaller handle is a perfect wedge that is sitting over the black VWAP line Targets from yellow flag is 280% from today price and it coincides with the Beam Band (thin purple line) and target from the small C&H is 100% But look at larger picture! While you go to 1000% you can make small profit takes on the way up
PANCAKESWAP:BTAFWBNB_7AC443.USDLong
by CCCLopes
TOKEN/USDT Ready to Rally or Bounce? Positive Signs Ahead👀🚀💎Paradisers, get set for an exciting trading chance with #TOKEN! Currently, the price is squeezed within the confines of a symmetrical triangle, firmly holding at the $0.095 support, ready for another test. 💎If #TokenFi fails to rally from the $0.095 support and slips below, we might witness the continuation of a bearish trend. The subsequent major support zone at $0.075 has historically triggered strong bullish recoveries, thanks to its substantial liquidity. 💎Should $TOKEN revisit this critical zone, achieving a solid bounce is crucial to maintain support. Not managing to do so could heighten bearish pressures, worsen investor sentiment, and potentially lead to further declines toward lower levels. 💎 Keep your trading strategies flexible and your observations keen, Paradisers. Your ParadiseTeam is on high alert, ready to guide you through the evolving market conditions of #TokenFi.
Long
by MyCryptoParadise_Simon
2
OP LongAfter a long wait, I am currently waiting for this pair to give me my confirmation for a long position. Price already in my area of value, just waiting for the market to tell me to get in on a Buy. Buy bias for the coming Months. Hello Friends! - --------------- **First Scenario - Long:** Initial Target: $3.3 Entry: $2.4 Stoploss: 2.2 **Second Scenario - Short:** It's already tested at $3 in price. Less probability of going down, but if you're shorting, double-check your stop loss. In a general bear market, prices can drop to $1.8 or $1.6 if they go below $2.2 level. - --------------- Take into consideration: Holders have been rising since the start of the year. Psychological Resistance at $4 Psychological Support at $1.8 - --------------- NFA DYOR Good Luck! ⚠️Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
Long
by irfanp056
1
Why Are Token Standards Needed?Token standards are crucial because they guide developers on creating and using tokens within a particular blockchain protocol, ensuring compatibility and interoperability among products developed using the same standard. Token Standards Token standards are essentially a set of agreed-upon rules that outline the design, development, behavior, and operation of cryptocurrency tokens on a specific blockchain protocol. For these standards to be effective, they must gain wide adoption. Without broad acceptance, these rules cannot be considered "standards" since standards are rules generally followed by a large community. Why Are Token Standards Needed? Compatibility: Token standards ensure that all products built using that standard can work together seamlessly. Composability: In programming, a composable system allows developers to reuse existing components to create new products, which is also applicable to token creation. Efficiency: Token standards enhance interoperability between smart contracts. When smart contracts follow token standards, they can manage all tokens on the network effectively. Common Token Standards ERC-20: The most popular token standard on Ethereum, allowing for the creation of fungible tokens. Examples include Shiba Inu, Tether, Uniswap, and ApeCoin. BEP-20: A token standard on the Binance Smart Chain (BSC), sharing similar properties with ERC-20 due to their architectural similarities. ERC-721: This standard allows for the creation of non-fungible tokens (NFTs) on Ethereum, used by many popular NFTs. ERC-777: An improved fungible token standard over ERC-20, providing enhanced privacy and addressing certain issues with ERC-20 tokens. ERC-1155: This standard helps reduce costs by allowing transactions to be grouped, and can be used for both fungible tokens like the Basic Attention Token and non-fungible tokens like CryptoPunks. Wrapped Tokens Tokens on different blockchains typically cannot interact with each other. Wrapped tokens address this issue by representing assets on one blockchain in a form that can be used on another. For example, Wrapped Bitcoin (WBTC) on the Ethereum blockchain is an ERC-20 token backed 1:1 by real Bitcoin. This allows WBTC holders to use Bitcoin within the Ethereum network for trading, farming, staking, and interacting with other ERC-20 tokens. Token standards enable the use of diverse assets within the same blockchain, solving the problem of asset incompatibility and providing flexibility for the network. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
2
What is token burning in crypto?Understanding Token Burning in Cryptocurrency: A Comprehensive Guide What is Token Burning? Token burning is a crucial strategy in the volatile realm of cryptocurrencies, where assets lack real-world backing. Developers employ innovative approaches to maintain long-term price stability and incentivize investors. One such method is burning tokens, which involves removing coins from circulation. This action reduces the total supply, increasing scarcity, and potentially boosting the value of each remaining coin. Why Do Projects Burn Tokens? There are several reasons why cryptocurrency projects may choose to burn tokens: Scarcity and Value Appreciation By reducing the supply of tokens, projects can create scarcity, leading to potential value appreciation for the remaining tokens. This can incentivize holding and discourage selling, contributing to price stability and growth. Reward Mechanisms Some projects use token burning as a reward mechanism for users or participants. For example, platforms may burn tokens as part of a buyback program, where they purchase tokens from the market and then burn them, effectively reducing supply and rewarding holders. Economic Alignment : Token burning can align economic incentives within a project's ecosystem. For instance, platforms may allocate a portion of transaction fees to token burning, ensuring that stakeholders benefit from increased token value as the supply decreases. Coin Migrations : During blockchain upgrades or migrations, projects may burn old tokens that are being replaced by new tokens on a different blockchain. This process helps maintain continuity and security during transitions. Examples of Token Burning: Binance Coin (BNB): Binance, one of the largest cryptocurrency exchanges, regularly conducts token burns of its native token, BNB. A portion of the trading fees collected on the Binance platform is used to buy back BNB from the market and subsequently burn the tokens, reducing the total supply over time. Ethereum (ETH): Ethereum has proposed a shift to a proof-of-stake (PoS) consensus mechanism with Ethereum 2.0. As part of this transition, ETH holders can lock up their tokens in the new Ethereum Beacon Chain, effectively removing them from circulation and reducing supply, akin to token burning. TRON (TRX): TRON Foundation has conducted multiple token burns of its native token, TRX, to manage supply and support token value. These burns are often announced publicly, providing transparency to the community. Crypto Exchanges: Some cryptocurrency exchanges conduct token burns of their exchange tokens as part of periodic events or promotions. This practice can benefit token holders by reducing supply and potentially increasing token value. Does burning impact token price? Token burning can indirectly affect token value. Reducing circulating coins typically generates positive sentiment, potentially increasing asset popularity and value. While not the primary price driver, decreased supply can create scarcity and lift remaining token values. However, many factors influence token price, such as market conditions, sentiment, and project reputation. In conclusion - Token burning remains a potent method for enhancing and stabilizing crypto asset value. Transparency and stability through burning incentivize investor trust, contributing to sustained price levels. Despite not guaranteeing immediate value hikes, burning offers long-term benefits, especially for projects with substantial user bases. Other advantages include community reinforcement and inflation control, making token burning a strategic practice in the cryptocurrency landscape. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
This is absulutely crazy!What a beautiful bull flag we have here! This token $BTAF is going to be launched on BitMart next 15th of May We have a initial target of more than 4x for the next weeks ! The target confluences with the top Beam Band also, giving more confidence on this trade. It is a very good alignment with technical and fundamental analysis $BTAF is the utilitary token of "Bitcoin Trend and Forecast" community, that uses proprietary AI algorithm to forecast price targets and chart patterns on the market. You just need to check it out, because it is life changing for any trader! I appreciate the use of my referal if you buy any product (like indicators or analysis) or course there! Cheers!
PANCAKESWAP:BTAFWBNB_7AC443.USD
by CCCLopes
SEI - Bullish Impulse Ahead ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 SEI has been overall bullish, trading within the flat rising wedge pattern in red. Currently, SEI is in a correction phase, approaching the lower bound of the wedge. Moreover, it is retesting a strong support in blue. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline. 📚 As per my trading style: As #SEI approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
Optimism Offloads $90M Worth of Tokens in Private DealThe Optimism Foundation has made headlines with its recent private sale of governance tokens, sparking discussions within the Ethereum community. Let's delve into the details of this significant transaction, analyzing its implications, transparency, and the varied responses it has garnered. Unveiling the Sale: The Optimism Foundation ( NASDAQ:OP ), stewards of the Ethereum layer-2 blockchain, recently announced a private sale of approximately 19.5 million of its governance tokens. Valued at around $90 million, this move signifies a strategic decision by the organization to manage its token treasury effectively. Understanding the Vesting Period: Central to the sale is a two-year vesting period imposed on the buyer, preventing immediate token liquidation. This mechanism aims to maintain stability within the ecosystem while enabling governance participation for the purchaser. Such measures underscore the foundation's commitment to responsible token distribution and long-term sustainability. Transparency and Community Discourse: While the sale was conducted privately, it sparked debates within the Ethereum community regarding transparency and governance practices. Ethereum advocate Anthony Sassano expressed concerns over the lack of transparency, highlighting the importance of open communication in fostering trust. However, others defended the foundation's actions, acknowledging the necessity for sustainable funding and operational viability. Strategic Asset Allocation: The sale draws from the "unallocated portion" of the NASDAQ:OP token treasury, constituting 30% of the initial token supply. This strategic allocation reflects the foundation's prudent management of resources to support ongoing development initiatives and ecosystem growth. Lessons from Past Transactions: This isn't the first time Optimism has engaged in a private token sale. A similar transaction occurred in September 2023, raising $160 million, albeit with similar concerns raised within the community. However, the adherence to a two-year lockup period mitigated immediate market impacts, emphasizing the importance of structured token release strategies. Conclusion: As the Ethereum ecosystem continues to evolve, governance token sales play a pivotal role in shaping the trajectory of projects like Optimism ( NASDAQ:OP ). While debates surrounding transparency and strategic asset management persist, the foundation's commitment to long-term sustainability and ecosystem development remains unwavering. Moving forward, open dialogue and collaborative decision-making will be key in navigating the complexities of token economics and community governance in the blockchain space.
Long
by DEXWireNews
2
#TWT/BTC 12h (Binance) Falling wedge breakout and retestTrust Wallet Token pulled back to support and entered oversold territory in sats, looks like a great reward opportunity for a bounce towards 200MA daily. ⚡️⚡️ #TWT/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 9.2% Current Price: 0.00002342 Entry Targets: 1) 0.00002335 Take-Profit Targets: 1) 0.00003096 Stop Targets: 1) 0.00002081 Published By: @Zblaba $TWT BINANCE:TWTBTC #TrustWallet #BSC trustwallet.com Risk/Reward= 1:3.0 Expected Profit= +32.6% Possible Loss= -10.9% Estimated Gaintime= 1 month
TLong
by TradingOn
3