Fable Of The Dragon: A Pioneering Blend of Blockchain InnovationIntroduction:
In the rapidly evolving world of cryptocurrencies, unique projects often stand out due to their innovative nature and commitment to societal impact. One such project is "Fable Of The Dragon," which not only leverages blockchain technology for security and transparency but also aims to contribute significantly to anti-aging research and community building. This initiative reflects a thoughtful integration of technology with philanthropic goals, driven by the $TYRANT token.
Soulbound Tokens (SBTs)
"Fable Of The Dragon" is distinguished by its use of Soulbound Tokens (SBTs). These digital tokens are a novel concept in the blockchain space, representing non-transferable assets that signify an individual's achievements, interests, and identity. Unlike traditional tokens, SBTs cannot be traded, making them a personal and permanent fixture in a user's digital portfolio. This attribute enhances the security of digital identities and provides a new layer of interaction within the blockchain community.
The project's ecosystem also includes an engaging digital marketplace where these unique tokens can be showcased and celebrated. This platform not only fosters a sense of community among participants but also allows them to contribute to charitable causes effectively.
The Gaming Experience:
An integral part of "Fable Of The Dragon" is the "Legend of Fantasy War" game, which offers an immersive experience where players can engage in adventures, customize characters, and participate in narrative-driven events. The game is designed to reward players with SBTs for their achievements, further promoting the concept of digital identity and community within the ecosystem.
Security Measures:
The security framework of "Fable Of The Dragon" is robust, incorporating advanced blockchain technologies to safeguard user data and assets. The project employs a unique approach by integrating Soulbound NFTs into its security measures, ensuring that each digital asset is securely linked to its owner's identity. Additionally, the $TYRANT token operates on a 0% tax policy, minimizing potential vulnerabilities associated with transaction fees.
Market Performance and Tokenomics:
The $TYRANT token is not only a medium of exchange within the ecosystem but also a symbol of the project's broader goals. It facilitates transactions across the platform, including the trading of NFTs and participation in the digital marketplace. The token's design is aimed at simplifying transactions while ensuring security and fostering a user-friendly experience.
Technical Outlook
The $TYRANT token is currently trading at $0.0531, showing signs of stabilization after a prolonged downtrend. Several key technical indicators suggest a potential shift in momentum.
The token is hovering around a significant support level at $0.05, which has held firmly in recent sessions. If this level continues to act as support, it could provide a foundation for a further upward move.
Immediate resistance is located around the $0.087 mark, which coincides with the 200-day Moving Average (MA). A breakout above this point would be a bullish signal, potentially leading to further gains. Shorter-term resistance can be observed near the 50-day MA at $0.0463.
- Moving Averages:
- The 50-day MA is at $0.0463, and the price has managed to stay above it, indicating short-term upward momentum.
- The 200-day MA sits at $0.0874, which may act as a stronger resistance if the price continues to rise.
The MACD indicator is currently signaling a potential bullish crossover, with the MACD line crossing above the signal line. This could indicate that bullish momentum is starting to build. The Relative Strength Index (RSI) is currently at 59, suggesting that the token is in a neutral zone. A move toward 60 would indicate increased buying pressure and could be a sign of further upside potential.
- Cup and Handle Pattern: A potential cup and handle pattern is forming on the daily chart, which is a classic bullish setup. The "cup" has formed over a longer period with a rounded bottom, while the "handle" is currently developing. This pattern typically signals an upward breakout if confirmed by rising volume and a price surge above resistance.
Overall, $TYRANT is showing early signs of recovery, and traders should watch for a potential breakout above the $0.087 resistance level. A break above this key resistance would likely confirm a reversal from its prolonged downtrend. However, failure to maintain the $0.05 support could signal further downside risk.
Conclusion:
"Fable Of The Dragon" stands out in the blockchain community for its innovative use of technology to build a secure and engaging ecosystem. The project's focus on creating meaningful social impact, coupled with its commitment to enhancing digital identity security, sets a new standard for what blockchain technology can achieve. As the project continues to evolve, it offers a promising model for how technology can be harnessed to benefit society at large. Whether you are a gamer, a crypto enthusiast, or a philanthropist, "Fable Of The Dragon" offers a unique opportunity to be part of a revolutionary project that bridges the gap between technology and social good.
WETH
$BUDZ—one week of Elliott Waves for Shiba BUDZBUDZ is one week old on Uniswap V3. Launched on April 20 in a pair with Wrapped Ether on the Ethereum network, trading has been very successful for early buyers, but it also has been very sparse. With the presale investors still locked up in vesting period, there is very little to do on Uniswap but to buy. With low liquidity, it is not surprising that prices rise quickly.
Nevertheless, the market has already shown distinct and well formed Elliott Waves. Many don’t believe in Elliott, and especially not in thin markets, but BUDZ proves them wrong. My assignment may not be the ultimately correct one, but I challenge any one to do better. I have other models myself, but this stands out as the top candidate as of right now.
What stands out as the most potent support of this model, was that I correctly predicted the correction from the market at just the right time, in a wave two decline of exactly the proportion that a skilled Elliott waver would expect. Study the chart…
good ideaBad idea when i should have bought but waited to get paid... within on month over 400% gains, im waiting for the drop to buy in for these insane gains. Seeing as how (Shiba) is in correlation with (BAD) we can expect a further upside but right now is a good time to short to buy a bit lower.
SHI/WETH - Uniswap - Elliot Wave CountThis could be worth a punt, its messy but I can count all the waves in the bottom there
THOR-WETH Potential BottomTHORSwap is a cross-chain DEX aggregator built on THORChain. Synths should be launching on THORChain soon, which should align with a general pump of the THORChain ecosystem. THORSwap has been in a slow decline in line with the rest of the market since around start/mid December.
The reasoning behind the long is that THOR has a tiny market cap (~$18-20 million) and so should outperform THORChain in the event that synths are actually launched in the coming 2-3 weeks. Essentially it is a bet on volume coming to THORChain, and considering that THORSwap is currently the main frontend for THORChain this should also positively affect THOR price action.
Why WETH, you ask? THOR is an ERC-20 token and so naturally the goal is to outperform ETH. Additionally, the vast majority of the liquidity available on THORChain is ERC-20 tokens and so the dominant ecosystem within THORChain is Ethereum.
Depo BreakoutDepo Daily tag of bottom band and 50MA. Now, breakout of wedge. Looking for a move back to top of wedge.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
MAGIC Staking has Begun!TreasureDAO and Magic staking make me wonder....
Based off a fractal from earlier this year, the pumpamentals just make sense.
Also Metcalfe's law might apply with all the NFT collections (smols) and Play-to-earn games coming from the Treasure-verse.
Magic is the TOKEN of L2!
Bridge Mutual/Wrapped Ether seems to be undervalued 23/02/2021Bridge Mutual is a decentralized, discretionary p2p/p2b insurance platform that provides coverage for stable coins, centralized exchanges, and smart contracts. Its platform allows users to provide insurance coverage, decide on insurance payouts, and get compensated for taking part in the ecosystem.
The live Bridge Mutual price today is $2.83 USD with a 24-hour trading volume of $1,177,069 USD. Bridge Mutual is down 27.51% in the last 24 hours. with a live market cap of $21,142,527 USD. It has a circulating supply of 7,463,923 BMI coins and a max. supply of 160,000,000 BMI coins.
this instrument seems to be very under valued and truly worth of longing for long
Option Room Token is Initiating, Long it Fast 22/02/2021OptionRoom is a user governed oracle and forecast protocol built on Polkadot.
this token is now ready to be longed,
now it is a very good time to invest on it and it seems to have a very good future.
there are total of 3 Targets but it is even worth of keeping it for long time even
VRX - WETH$VRX on a very clean bottom support line on the D chart. If this aint a good entry point, then it will never be :) Ofcourse, it can always go down another 90% , but its above this line for long time, tested multiple times. The High of March is roughly @ 5x from current price.
DDOS/Wrapped ETHRecent volume climb is because of crypto security sentiment. One that will win alongside other disruptive technologies, such as 0 credit check and loan oriented Defi projects - That of which will be bullish as well.
The lid on this may blow off in the coming days, depending on how soon more people use this bridge from ETH too BSC. Considering the new incentives on incredible trader competitions, the easier people can bridge these gaps for Defi, the sooner we embark on a growth cycle.
GALA most volume ever.After the largest cluster of volume ever a few days ago GALA is consolidating and looking to put in some higher lows. After a great reaction in the golden zone I would expect to see a break of the descending wedge and a breakout to the upside. 0.0000080000 and 0.0000088000 are the next most notable resistance areas.
I have been long and strong with this project since before it was listed.
GALA is founded by greats from the gaming and blockchain industry, Gala Games is redefining the world of gaming. Gala exists – to give the power in gaming to the people who should be in charge – the gamers. The games produced by Gala will always be free to play, and whatever you earn inside the game world will be YOURS. If you play a game and earn an asset in that game, that asset is yours to do whatever you would like with it. You own your gameplay, nobody else does. This means you can collect, trade, gift, or even sell your in-game assets in a way that has never before been possible. Additionally, unlike other game development companies, which actively discourage and forbid these sorts of outside transactions because they get nothing, we encourage you to explore how you can use and share your in-game assets with the rest of the world.
Morpheus Network bull channel just bounced againIf MRPH can keep this channel (just bounced from lower boundry) we will have 1 MRPH = 0.0045 ETH pretty soon (top of channel)
have fun
AllianceBlock (ALBT): USDT All-Time-Highs; A Surging WETH PairWith the surging ALBT chart, we take a moment to reflect on 1) what got us in the trade and 2) what kept us in it for this insane bull move.
1) We used the WETH pair to identify key buys (EMA retest for aggressive, Fib golden pocket for slightly less aggressive).
2) The daily 12 EMA on the USDT chart kept us in this trade. It still has yet to close below this moving average, and now we have the benefit of hindsight to map protective stop-loss levels. This is a huge benefit to us, since we can set these protective stop orders and if they trigger, we protect against downside while still locking in profit given the timing of our entries!