Polymesh Cryptocurrency $POLYX long-term trade ideaPolymesh Cryptocurrency $POLYX long-term trade idea.
This cryptocurrency is reacting strongly, as expected, to the imbalance mentioned last May 2024. This reaction has provided us with a bunch of long intraday short-term crypto trade ideas. Hopefully, this crypto will continue to rally to higher ground.
Topcryptosignals
TomoChain | TOMOThe price of TomoChain is $0.94 today with a 24hour trading volume of 14 million dollar this represents a 10% price increase in the last 24 hours and a 21% price increase in the past 7 days
now lets have a closer look at TOMO, Tomochain is a general purpose smart contract platform. It enables developers to build high-performance decentralized applications with the focus of speed, privacy, ease of use, and decentralization. Due to its efficiency through PosV consensus algorithm, transaction fees are relatively low and confirmation time are much faster
as you see TOMO hold the uptrend and plays between those two lines,EMA and RSI are bullish. it can break 0.97 and hit the 1 dollar or do a correction and back to a 0.89
Dollar to the hell and BTC to $100k now?!💎DXY🌴FREE UPDATE🌴
- Yello ladies and gentlemen🚬😎🍷
💎Today we will learn something new about the Dollar index (DXY).
💎This index measures the strength of the dollar against all other currencies (FIAT). A few weeks ago, we saw an almost identical price action (PA) to what we saw in 2016-2017, which happens to be the previous crypto bull market.
💎As shown in the 2 Weeks time frame chart bellow, the DXY is still trading bearish on a macro scale. Confirmation for our next leg down would be a break and close beneath 89.
💎Right now, The dollar index is approaching multi-year support. If the support zone fails to hold, we will see the most significant decline in Dollar value we didn't see in years. That would position BTC as the new reserve instead of $ and could send BTC to the magic $100,000 valuation in a few months. All eyes on the DXY support zone.
💎For those who have been following MyCryptoParadise for years already, you will know the inverse correlation between the dollar and BTC and how many times ParadiseTeam has shown you this specific chart in the past. Remember that everything is connected in crypto. And that is what makes crypto trading so Beautifull.
💎In a nutshell, while the DXY is bearish, Bitcoin should remain overall bullish from a long-term perspective. Keep in mind that the chart you see below is on the macro scale; that does not mean BTC could not see one more sell-off in the near future. Similarly, a surge of the DXY above 92 would make the future job quite harder for the Bitcoin bulls.
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