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$GMT/USDT 4h (#Bybit) Chuvashov’s Fork breakoutGreen Metaverse Token (a.k.a. STEPN) looks ready for short-term recovery after regaining 100EMA support on Low TF. ⚡️⚡️ #GMT/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (3.3X) Amount: 5.0% Current Price: 0.2836 Entry Targets: 1) 0.2837 Take-Profit Targets: 1) 0.3347 Stop Targets: 1) 0.2496 Published By: @Zblaba NZX:GMT #GMTUSDT #STEPN #Web3 #NFT #M2E Risk/Reward= 1:1.5 Expected Profit= +59.3% Possible Loss= -39.7% stepn.com
Long
by TradingOn
3
If U.S. Treasuries Default: Market and Bitcoin Implications Authors: SanTi Li, & NaXi Da U.S. Treasury yield, long considered as a risk-free rate (R0) for value computations and future valuations as per materials like the CFA curriculum, bears nearly zero risk in the financial landscape. However, what happens if this supposedly risk-free asset becomes risky? A U.S. Treasury default would have vast ramifications on the global economy and financial markets. Let's analyze the potential impacts on liquidity, the U.S. dollar value, and Bitcoin's value: Liquidity: U.S. Treasuries, globally accepted as secure assets, constitute the cornerstone of the global financial system. A U.S. default could lead to a confidence crisis in U.S. Treasuries, prompting large-scale selling and potentially a liquidity crisis. This crunch could trigger a plunge in asset prices, escalate financial market volatility, and exacerbate the global financial crisis. U.S. Dollar Value: The U.S. dollar remains the world's primary reserve currency. A U.S. Treasury default could erode global confidence in the dollar, depreciating its value. Still, a market panic might trigger asset sell-off, driving the dollar demand up. Simultaneously, investors could seek refuge in other 'safe haven' assets such as gold or other strong currencies, mitigating dollar depreciation to some extent. Bitcoin Value: The secondary market value of Bitcoin is influenced by numerous factors, including market sentiment, consensus, BRC standard popularity, attitudes of governments, regulatory policies, technological developments, and application convenience and degree. If a U.S. default occurs, Bitcoin might respond in two disparate ways: ● Positive Impact: If investors look for non-traditional 'safe haven' assets like gold and silver, and the world requires a new, relaxed reservoir to absorb decompressed funds, Bitcoin's demand and value might increase in the medium to long term. ● Negative Impact: Bitcoin's high volatility and risk could drive investors away during market panic, decreasing its value. Therefore, Bitcoin's reaction would largely depend on market sentiment and investor risk appetite. Implications on the Global Economy and Trade: A U.S. Treasury default could precipitate a global recession, or even a deeper economic crisis. It could also impair the credit of the U.S. dollar, disrupting global trade. Exporters to the U.S. might face diminished orders, while importers of U.S. goods and services might encounter higher prices. Potential Restructuring of the Global Financial System: A U.S. default could lead to a reevaluation of the dollar-based global financial system, potentially allowing other currencies, especially the yuan, to play a more prominent role in the future global financial system. This could also fast-track the global acceptance of digital currencies and blockchain technology. Risk Assets Value Volatility: A U.S. bond default might result in significant volatility in the value of risk assets such as stocks, commodities, cryptocurrencies, and emerging market assets. In theory, three scenarios could lead to a U.S. bond default - debt ceiling issues, government shutdown, and policy errors. However, extreme 'black swan' scenarios such as external shocks and political conflicts could also lead to default. In conclusion, while a U.S. default is highly unlikely, if it occurs, it would have a profound impact on the global financial system. Despite initial potential negativity towards emerging digital industries like blockchain and cryptocurrencies, they may encounter new opportunities in the long run. This would especially be the case if the U.S. dollar's status as a settlement currency is challenged. This could increase demand for Bitcoin and accelerate the transformation of global trade methods. However, it is critical to note that the thoughts expressed above are intended for long-term thinking, discussion, and learning, and should not be construed as investment advice. However, the probability of an event with a similar magnitude happening is not necessarily low. The exact timing and suddenness of such events are difficult to predict, hence the importance of having risk control and defensive mechanisms in place to be prepared for any situation. Twitter: @santili1021
by OuChiBoy
Indicators Signal Short-Term Buying Opportunity for STX (Stacks)I aspire, and expect Bitcoin to recover and resume its upward movement, with $STX ultimately closing the weekly candle above $0.84. Nevertheless, in technical analysis and trading, wishful thinking is not enough and holds no weight. The key is to identify conditions with a high likelihood of success. Presently, $STX has fallen below $0.84 and is expected to continue its downward trend for the time being. Nonetheless, there is still hope for the short term. The 'ZigZag Fibonacci Tool' has automatically mapped out several Fibonacci levels that could potentially serve as support zones in the future (see my green arrows) Additionally, the Chris Moody Slingshot tool indicates a high probability of an upward tick around $0.77. The green candle colour suggests a conservative buying opportunity at present. Furthermore, the TD Sequential countdown to 9 on the daily chart indicates a buying opportunity as it identifies turning points in asset or index price trends, printing a TD9 after nine consecutive candles above/below the previous four candles' closing price. In conclusion, although Stacks has slipped through its support zone, favourable days are expected in the short term. The current undervaluation of $STX makes it an attractive bargain.
by joerivdpol
1
$APT/USDT 1D (#Bybit) Symmetrical triangle breakdown and retestAptos got rejected on 50MA resistance and seems likely to continue with the retracement down towards 150MA support. ⚡️⚡️ #APT/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (2.4X) Amount: 5.0% Current Price: 11.6280 Entry Targets: 1) 11.8450 Take-Profit Targets: 1) 8.9145 Stop Targets: 1) 13.8050 Published By: @Zblaba $APT #APTUSDT #Aptos #L1 #PoS #Web3 #DApp Risk/Reward= 1:1.5 Expected Profit= +59.4% Possible Loss= -39.7% aptoslabs.com
Short
by TradingOn
Polygon: a bright future or forgotten technology? Polygon is the first Layer 2 blockchain. The initial placement of the project took place on April 24 2019, on the Binance Launchpad platform and two years later, on December 27, 2021, an ATN of 2.92 USDT was reached. Project development dynamics For several years, the project was for the most part, if not in oblivion, then in the shadow of other similar and all sorts of "killers of Ethereum". The project reached a wave of success in 2021, having caught the eye of large public investors and built partnerships with popular brands. In May and June 2021, Polygon received support from billionaire investor Mark Cuban, who revealed plans to integrate his NFT Lazy.com platform with Polygon. To date, Polygon has various partnerships with: Adobe Behance DraftKings Alan Howard's hedge fund, to develop Web3 projects Stripe launched global cryptocurrency payments through Polygon. Fashion brands: Adidas Originals, Nike, and Prada have launched NFT collections on Polygon. Instagram is also partnering with the project at NFT. Polygon is partnering with Niger to develop a blockchain ecosystem for the country's future. Aave, Curve.Fi, Decentraland, Sandbox, OpenSea and Uniswap have chosen Polygon as their scaling solution. Polygon has partnered with Salesforce, which delivers customer relationship management (CRM) software. Citigroup published a report in April 2022 describing Polygon as AWS Web3. It is claimed that the Metaverse economy, by 2030, will reach $13 trillion, with much of it developed on the Polygon network. Citigroup also believes Polygon will become widespread because of its low transaction fees and developer-friendly ecosystem. A report from blockchain analytics company Messari, showed that in the third quarter of 2022, the number of active MATIC addresses increased by 180% in the second quarter, and the total number of transactions for the quarter was 2 billion. In 2023, despite the market correction, the project has made significant strides, both in development and partnerships. In the last couple of weeks, partnerships have been reached with Google Cloud and Franklin Templeton to tokenize large-scale financial products for its DeFi, etc. Sotheby's, which accounts for 24% of the world's art auction sales, announced that its trading floor has launched on Ethereum and Polygon. Polygon's GitHub has recorded a significant increase in the number of code commits and the number of kernel developers since early May. Recent technical news for the project has been the launch of Polygon zkEVM, a zero-disclosure scaling solution equivalent to the Ethereum virtual machine. This means that most existing smart contracts, developer tools, and wallets will be able to work seamlessly. Polygon zkEVM leverages ZK proofs to reduce transaction costs and increase throughput while keeping Ethereum secure. Polygon launched three updates on May 3 to make it easier for developers to integrate decentralized identity into dApps: new features in Polygon ID infrastructure tools that include improved integration, UX, and a host of new tools to help developers who build dApps. A new issuer node interface that will make it easier to set up, manage and work with the issuer node. In addition, push notification support is provided in the mobile SDK and in the app reference implementation. Developer tools and updates such as JWZ Validator, Polygon ID smart contract deployment on the core network and the recently announced PolygonID DID resolver. Outlook for Matic Today, the L2 solutions niche is actively filling and expanding, with projects and their ecosystems competing with each other for developers and users to form a better L2 ecosystem. Matic's direct competitors, Optimism and Arbitrum, launched in mid-2022 and March 2023. These projects, as well as Matic, aim to make transactions cheaper and increase throughput. After the release of these projects, Matic actively began to lose the volume of transactions within the blockchain and the number of unique active addresses. Zero Knowledge-based projects zkSync and StarkNet are currently being prepared for release and will also be in the L2 solution race. Matic lost its unique advantage of being the only project with the best user experience and now the project team is looking to create partnerships with established web2 businesses and prepare projects for mass adoption. Only with these products, Matic will be able to regain its dominance amongst the other L2 solutions. At the moment, the price of Matic is approaching the key support zone of 0.78-0.68. Potential zones for growth are shown on the chart in terms of historical analysis.
COINBASE:MATICUSD
by Samura0x
17
$MASK/USDT 2h (#Bybit) Bull pennant breakout and retestMask Network is pulling back to 100EMA support where it seems likely to bounce and resume bullish after. ⚡️⚡️ #MASK/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 4.7% Current Price: 6.351 Entry Targets: 1) 6.200 Take-Profit Targets: 1) 7.491 2) 8.635 3) 9.780 Stop Targets: 1) 4.698 Published By: @Zblaba $MASK #MASKUSDT #MaskNetwork #Web3 #NFT Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +51.0% | +89.3% | +127.6%% Possible Loss= -42.6% Estimated Gaintime= 5-10 days mask.io
Long
by TradingOn
2
$STX: Anticipated Breakout; Divergence Signals, and Fib zones On the daily, the RSI is within a symmetrical triangle, indicating an anticipated breakout by May 11. It would be ideal if STX closes the daily candle above $0.82 today, as it aligns with my previous Fibonacci expectations, as indicated on my TradingView chart (link: ). My divergence indicator shows a divergence based on the commodity channel index and identified support zones. Being transparent, I cannot provide a clear guideline at the moment. While I lean towards quick upward price movement, there are multiple factors at play, and a broader perspective is needed. It all depends on the king (referring to Bitcoin), which is currently experiencing resistance at 30.4k and has corrected to the baseline of the Bollinger Bands. If it can establish a baseline there and continue its upward momentum to FWB:36K , we might see a bottom forming soon and some quick price developments.
by joerivdpol
$INJ/USDT 1D (#Bybit) Rising wedge on resistanceInjective Protocol is entering overbought territory and could retrace down to 100EMA support, after a last push up into supply zone. ⚡️⚡️ #INJ/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (2.2X) Amount: 4.9% Current Price: 7.0720 Entry Zone: 7.1290 - 8.0450 Take-Profit Targets: 1) 5.8905 2) 4.6130 3) 3.3355 Stop Targets: 1) 9.0065 Published By: @Zblaba CRYPTOCAP:INJ #INJUSDT #Injective #DeFi #Web3 injective.com Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +49.2% | +86.2% | +123.3% Possible Loss= -41.2% Estimated Gaintime= 1-2 months
Short
by TradingOn
3
$APE/USDT 12h (#Bybit) Descending trendline breakout and retestApeCoin just regained 50MA support and seems to be heading towards 200MA resistance, probably after a last retest of demand zone. ⚡️⚡️ #APE/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (4.2X) Amount: 5.0% Current Price: 4.314 Entry Zone: 4.235 - 4.065 Take-Profit Targets: 1) 4.624 2) 4.980 3) 5.337 Stop Targets: 1) 3.754 Published By: @Zblaba $APE #APEUSDT #ApeCoin #Web3 #NFT #DAO Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +48.0% | +84.0% | +120.1% Possible Loss= -40.1% Estimated Gaintime= 3-4 weeks apecoin.com
Long
by TradingOn
Internet computer Parabolic move coming!ICP, is it a dead project or just suffer from bad timing on the release? This project was released with a lot of hype behind it but nothing but deflate and loose value ever since it's release. It something better than hype going for it right now and that is bullish divergence on the RSI and the MACD. The MFI showed a break above resistance and is trying to hold the breakout as support. It looks like a fairly substantial recover is on the way for ICP and could see a price bump to $55 to $60 by the end of 2023. That is a cool 10 to 12x from where prices stand at this very moment. This is not financial advice. Please do your own diligence and invest responsible.
COINBASE:ICPUSDLong
by WeAreSat0shi
1
AI - Breakout Falling Trend [MIDTERM]- AI has broken through the ceiling of a falling trend channel in the medium long term. - AI has given a positive signal from the rectangle formation by a break up through the resistance at 21. - Further rise to 28 or more is signaled. - AI has marginally broken down through support at 23. - An established break predicts a further decline. - Volume has previously been high at price tops and low at price bottoms. - Volume balance is also positive, which strengthens the stock. - Overall assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
NYSE:AI
by wavepoint99
$STX/USDT 2h (#Bybit) Rising wedge breakdown and retestStacks seems locally topped here and a retracement down to 100EMA would make sense. ⚡️⚡️ #STX/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (3.0X) Amount: 5.0% Current Price: 0.94020 Entry Targets: 1) 0.95080 Take-Profit Targets: 1) 0.76145 Stop Targets: 1) 1.07745 Published By: @Zblaba $STX #STXUSDT #Stacks #PoX Risk/Reward= 1:1.5 Expected Profit= +59.7% Possible Loss= -40.0% www.stacks.co
Short
by TradingOn
$LPT/USDT 1D (#Bybit) Descending trendline breakout & pullbackLivePeer Token is pulling back to 200MA after breaking the downtrend, a bounce towards Fib 0.786 would make sense. ⚡️⚡️ #LPT/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (1.8X) Amount: 6.3% Current Price: 8.515 Entry Targets: 1) 8.472 Take-Profit Targets: 1) 10.694 Stop Targets: 1) 6.987 Published By: @Zblaba Risk/Reward= 1:1.5 Expected Profit= +47.2% Possible Loss= -31.6% Estimated Gaintime= 1.5 months $LPT #LPTUSDT #LivePeer #Web3 #DeFi
Long
by TradingOn
2