0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 375 Million at the time of writing. The volume is up ~7.5% on a 24 Hr basis. In the trailing 90 days, the major hurdle in the upward journey of ZRXUSDT is present at $2 . While on April 9, ZRX broke out the level and seemed...
The prime leader of the decentralised oracle network and the backbone of the protocols is all set to fly to New highs. On 2 Hourly Time Frame, LINK is looking really bullish. It has given a breakout from the Bullish Triangle pattern and is currently consolidating near the resistance level of $41. Closing above this level may trigger the price to New highs. Key...
While Cardano remained silent in terms of price action as it was Consolidation in a range ($1.01- $1.48) , its peer crypto assets took advantage of this opportunity and dragged ADA to 7th place in terms of Market Capitalisation snatching away its title of 3rd most valued crypto asset at the beginning of 2021. In the 4 Hourly Time Frame, ADA broke away all the...
1Inch is a DEX aggregator built on Ethereum blockchain that provides traders to place large orders through its swapping techniques across different DEX. At the time of writing, $347.6 Mn is locked in its protocol. On the Daily Time Frame, 1INCH is trading in a narrow range ($5.15- $5.8) for the past 7 days. Key Levels to Watch Out For- The major resistance...
The overall market structure is Strongly Bullish while the CMP of Bitcoin is ~$57930. On the Weekly Time frame, Bitcoin after giving a pullback of ~25% in the third week of April has retraced back, it has been engulfed by a strong weekly candle the following week which indicates the accumulation by the bulls after the correction. The immediate resistance level is...
Bitcoin started the May month with a bang as the flagship currency has appreciated by more than 15% in the last week of April to up until now. After the breakdown in which BTC dipped by ~20%, bulls again showed strength and closed the April monthly candle at $57,798. At the time of writing this report, BTC is trading around $58k. BTC formed a strong bullish...
Binance is the talk of the town and is trading near its all-time highs fueled by ~$595 Mn token burn. The insignificant growth of the DeFi protocols on Binance smart chain has also contributed to push the BNB price higher. On Daily Time Frame, Binance has been trading in a Symmetrical Triangle and has given a fresh breakout from its resistance level of $600....
On Daily Time Frame, Ethereum has been trading in a Consolidation range and has given a decent breakout. In the past week when the crypto markets tumbled, Bitcoin is still ~16% short from its ATH while Ethereum is trading at its ATH. It signifies the strength and momentum behind this rally. The support to the lower side is present at ~$2.5 K while it may move to...
XMR, a privacy coin has retained its position among the top 30 crypto assets. In the year 2021, XMR has gained 162% till date and still looks bullish at current levels. On Hourly Time Frame, XMR has been trading in an Ascending Triangle formation and has given a decent breakout. Key Levels to Watch Out For- The support to the lower side is present at the...
Uniswap, the leader of the Dex segment on the Ethereum ecosystem serves ~227K daily visitors on its platform. The most innovative upgradation of Uniswap V3 is scheduled to get live by May 5. On Daily Time Frame, UNIUSDT has been trading in an Rising Channel while it has given a breakout from the pattern yesterday. Coupled with its much anticipated V3, it is...
A decentralized cross-chain liquidity infrastructure built on Binance Chain, allows users to easily exchange cryptocurrency assets. On 4 Hourly Time Frame, RUNE has been trading in a Descending Channel and has given a breakout at the time of writing. Close above the channel may push the prices to new highs. Key Levels to Watch out for: The support to the lower...
Ive dissected the trend for the most highly probable entries,no indicators were used throughout this markup,i applied them after examining raw structure...thanks to the laws of supply and demand we can whenever we read in between the lines of PA we can see that there is liquidity below and above this current trading range.Do you Agree or disagree with this post?...
BTC has now dumped more than 25% from its recent ATH of $64,899 and in the last 24Hrs, it has dipped ~11%. Weekly MACD is also turning bearish which depicts that the short-term trend has turned negative for BTC. However, the overall market trend is still looking positive on the larger TF’s and these corrections are a part of the trading cycle. Currently, BTC is...
Solana is a high-performance public blockchain optimized for scalability and has the capability to handle 50K transactions per second. Having processed 15.8 Bn transactions to date while charging negligible fees (~$0.000005), Solana has been zooming to new highs due to the rapid adoption of its network. On 1 Hour Time Frame, SOLUSDT has been trading in a ...
Venus Protocol is an algorithm-based money market system designed to bring a complete decentralized finance-based lending and credit system onto the Binance Smart Chain. XVS has been trading in a Cup and Handle formation with the level of ~$95 as the horizontal level wherein breakout from the level may trigger the price to new highs. Key Levels to watch out...
Neo's idea of the smart economy is the convergence of three concepts- digital assets, digital identity and smart contracts, it presents itself as the developer-friendly protocol with a vision of being the digitized "smart" economy in the future. In the 1 Hour Time Frame, Neo has been trading in a Descending Channel formation . Currently, it is flirting with the ...
Polkadot facilitates cross-chain communication and interoperability among chains by connecting them into one unified network (Relay Chain). In the month of April, DOT has given a Range Breakout , it is currently taking support from the upper band of the channel and is today forming a strong bullish candle. Key Levels to watch out for- The support to the lower...
Basic Attention Token, or BAT token powers a blockchain-based Brave Browser. Users can watch privacy-preserving adverts and receive BAT rewards in return. On the other hand, advertisers can deliver targeted ads to cut down losses due to ad fraud and abuse. On the Daily Time Frame, BAT has been trading in a range for the past 7 days and a similar pattern can be...