$ID Rally - #SPACEID Could Surpass $1 USD SoonDisclaimer: I do have a BAG of ID
My opinion:
I'm thinking on or around Sunday evening we could see a 1 USD ID price... reasons why;
Strategy: Accumulate & Chill.... how long am i holding for? I have no intention of selling b/c of the DAO they're forming. So these tokens do have a "governance" role. And in Q4 they can be staked for discounts in the marketplace. Currently the APR's on Binance are generous. Pancakeswap's APR was generous imo. So there's strong incentive for a rapid growth in marketcap.
Fundamentals for your consideration:
i) Binance has allowed leveraged trading which has seen significant volume pump into $ID. Do note when people state that it seems "manipulated". A billion in volume is par the course, during the TGE 2.8BN in BNB was pledged by eager hodlers. So understand that any point this marketcap could swell beyond $3BN at the blink of an eye.
ii) Current market cap and price point is appealing, because unlike the ENS drop... user's are seeing the opportunity to hold something with growth in mind. At present price lvl's user's can look to the roadmap for insights on why token price is likely to surge in a Bull Market of its own. DYOR, NFA... but on the horizon there's a NFT gated merch store, Universal TLD's (Domains).
iii) Significant Milestones Reached -
- Domains Registered: 701,646 SID | Holders: 495,507 addresses
- ID Holders: 60,247 addresses
- BSC Scan & other integrations make the project a juggernaut in web3 identity
- .ARB & .ETH support in the marketplace
- The domain market place does significant volume in trading daily
- In pure sales volume, they're #2 & they did that in 6 months
Something not commonly discussed is that the team actually achieved a lot of their roadmap rather early, hence why more has been added to their roadmap. The project has a solid team of developers buidling. There incubated and backed by Binance Labs. There second seed round raised $10M USD (Polychain Capital + dao5). Not often discussed is the sheer size of opportunity to grow. Remember Binance has 26 million website visitors.... and Binance is invested in twitter... and twitter just announced a partnership with eToro to provide crypto & stock prices on the platform. #SPACEID in theory now has access to 450M (2022) plus twitter users ....
Again DYOR + NFA... this also doesn't factor in the mega bullrun to come with the Litecoin & BTC halving's ahead. When in doubt zoom out. I'm the least bit concerned by sideways conditions.
Z-VALUE
Nagarro SE (NA9): Small Cap Multi-Bagger in Germany.Nagarro SE (NA9) is a global software engineering and digital transformation company. It provides services such as software development, cloud computing, data analytics, and user experience design to clients across various industries including retail, healthcare, finance, and manufacturing.
In terms of Nagarro SE's competitive advantages , some of the key factors that set the company apart from its competitors include:
Technical Expertise: Nagarro SE has a highly skilled and experienced team of software engineers, data scientists, and UX/UI designers who are proficient in cutting-edge technologies and frameworks. This technical expertise enables the company to deliver high-quality software solutions that are customized to meet the unique needs of its clients.
Agile Delivery: Nagarro SE follows an agile methodology for software development and delivery, which allows the company to quickly adapt to changing client requirements and market conditions. This approach enables the company to deliver projects faster and with a higher degree of flexibility and scalability.
Global Delivery Model: Nagarro SE has a global delivery model, which allows the company to tap into a diverse talent pool across different geographies. This model also enables the company to provide 24/7 support to its clients and reduce development costs by leveraging the cost arbitrage between different regions.
Client-Centric Approach: Nagarro SE puts a strong emphasis on understanding its clients' businesses and their unique challenges. This client-centric approach enables the company to provide customized solutions that address specific pain points and drive business outcomes for its clients.
Overall, Nagarro SE's technical expertise, agile delivery, global delivery model, and client-centric approach are key competitive advantages that differentiate the company from its competitors in the software engineering and digital transformation space.
As with any company, Nagarro faces various risks that could impact its business and financial performance. Some of the key risks that the company faces include:
Economic and Market Risks: Nagarro SE's business is dependent on the overall health of the global economy and the demand for software engineering and digital transformation services. A slowdown in economic activity or a downturn in the global market could reduce demand for the company's services and negatively impact its financial performance.
Competition: Nagarro SE operates in a highly competitive industry, and faces competition from both established players and new entrants. If the company is unable to compete effectively in terms of price, quality, and innovation, it could lose market share and revenue.
Dependence on Key Clients : Nagarro SE's revenue is concentrated among a few key clients, which increases the risk of revenue volatility if these clients reduce their spending on the company's services, or if the company is unable to secure new clients to replace lost business.
Talent Retention: Nagarro SE's success depends on its ability to attract, retain, and develop top talent in a highly competitive labor market. If the company is unable to attract and retain top talent, it may not be able to deliver high-quality services and meet its clients' needs.
Technological Risks: Nagarro SE operates in a rapidly evolving technology landscape, which requires the company to invest continually in research and development to stay ahead of the curve. If the company is unable to adapt to new technologies or fails to innovate, it could lose market share to competitors that offer more advanced solutions.
Return On Capital Employed (ROCE)
Nagarro has a ROCE of 20%. In absolute terms that's a great return and it's even better than the IT industry average of 15%.
To sum it up, Nagarro has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Given the stock has declined 55% from its highs, this could be a good investment if the valuation and other metrics are also appealing. With that in mind, I believe that the promising trends warrant this stock for further investigation.
Will gold still rise to a high of 2070?At present, gold is higher for the third consecutive trading day. Because yesterday's US CPI data well supported the expectation that the Fed's interest rate hike cycle may be nearing its end, the decline in US Treasury yields and the weakening of the US dollar have supported gold prices. Although gold prices have been supported to rise, intraday technical signals indicate that gold prices are approaching the previous high, the upward momentum has slowed.
Gold is currently in a pattern of high volatility and rightward movement at the daily line level. This is a typical time-for-space pattern, and the long-term pattern in the general direction of gold has not changed.However, for the short-term level, the top of gold is under certain pressure, and in addition to the impact of news and data, the recent rebound in gold prices is not extremely strong, so there is still a demand for volatility in the short-term. Once the momentum is completed, it will be a new round of large long-term market start.
In summary, gold as a whole still maintains a bullish pattern, but there is still a demand for volatility in the short term.Therefore, in terms of operation, long positions at low levels are mainly used, supplemented by short positions at high levels.
Gold prices are unable to rebound, can they continue to rise?According to the current trend pattern of gold prices, gold failed to continue its downward trend after falling, rebounded upward after the lower shadow line appeared, and returned to the top of 2000, basically smoothing out the short-term decline, so the short-term buying support is strong.In addition, the Fed's recent dovish bias has also provided some support for gold prices, so it is difficult for gold prices to show a continuation of the decline in the short term.
The current short-term structural kinetic energy has slowed down, fluctuating narrowly near the first line of 2010, and the current rebound power is weak. According to the current technical indicators, there is still a certain amount of room for short-term energy to be released, and in the process of weak rebound, it will also consume short-term energy to a certain extent.
In addition, there are differences in market expectations for interest rate increases, and we still need to wait for intraday US inflation data to find clues to future interest rate increases, and we also need CPI data to bring a new round of market guidance.
Short-term structure: the bottom pays attention to the first-line support of 2007-2006; the top pays attention to the first-line pressure of 2020-2022.
Short-term trading reference:
Pull back to 2008-2007 to buy gold, stop loss 2002, target 2020
I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
ENPH: Energize Your Investments with a Leading Solar CompanyOne key factor that makes ENPH an attractive investment opportunity is the rapid growth of the solar energy market. According to a report by the International Energy Agency, solar power is expected to become the largest source of electricity by 2035, with a projected compound annual growth rate (CAGR) of 18% from 2020 to 2025. As a leading provider of energy management systems, ENPH is well-positioned to benefit from this trend.
In addition, ENPH has a strong financial position. The company has consistently posted strong revenue growth over the past few years, with a revenue CAGR of 50.4% and 67.8% from 2015 to 2020. Furthermore, the company has a solid balance sheet with no long-term debt and a healthy cash reserve. This financial stability puts ENPH in a strong position to weather any potential economic downturns or market volatility.
Finally, ENPH has a strong track record of innovation and product development. The company has a robust research and development program and has consistently introduced new and innovative products to the market. This positions ENPH to stay ahead of its competitors and to maintain its position as a leader in the solar energy industry.
In summary, ENPH is a strong investment opportunity due to its position in the growing solar energy market, strong financial position, and track record of innovation and product development.
Potential Short Apple WWDC 2023From a TA perspective, we can see Apple in a parallel channel. Price action bounced off a weekly level 124.55. After the first impulse bounce off the weekly, the retracement of the price action hits the .382 Fibonacci level (aka Dead cat bounce).
From a Fundamental perspective, Apple's World Wide Developer's Conference can be the catalyst to send the price a little higher from where we are today. In turn, this could potentially send the price action back down to the bottom of the parallel channel.
Big Picture: S&P 500 (SPY) Over a Simple Risk/RewardI like to follow the course of 'risk appetite' but there are many definitions of sentiment from the perception of confidence in a particular asset up to an assessment of the entire financial system as a whole. I like the top down approach in this case as much of what happens in individual assets on a regular basis roles up to an industry/region/asset class or the broader financial system. For me, gauging 'risk appetite' answers much of the market activity currently unfolding in the market.
For measures of market-wide sentiment, I have made very simple to very complicated. This is very simple. Going by the standard 'risk/reward' perspective: a singular (but imperfect) 'risk' measure is the $VIX and a similar 'reward' metric is the US 10-year yield. Of course, there are many issues with the VIX and it is derived from US markets (S&P 500 specifically). However, the US equity index is one fo the most ubiquitous gauges of investor activity in the world. As for the US 10-year, there is certainly better yielding assets, but most of it is based on a 'prime-plus' and this benchmark is treated as the prime.
All that said, this risk/reward gauge seems to have just recently rounded off as the rate regime starts to taper off and volatility start to stir. Longer-term relationship has skewed - a sign of equities ($SPY S&P 500 here) inflating over time and the lack of return in a traditional portfolio one makes in zero rate environments. You can rise the SPY wave or FAANG or meme stocks or crypto to try and get greater return; but it invites ever greater risk relative to the expected returns.
Are there any other good 'risk/reward' measures that are both indicative of the global market and simple?
Federal Reserve Bitcoin Trap !• Due to this report : ↓ ↓
- "The U.S. administration sold approximately 9,861 Bitcoins"
- Furthermore, the U.S government seeks to unload the remaining 41,139 Bitcoins during the course of the current year."
- This year, we may see Bitcoin at 10K !
TradingView tweet link : twitter.com
Has the gold price ended its decline in the short term?OPEC unexpectedly cut production and international oil prices rose sharply. The market is worried that global inflation will pick up again, and it has increased the possibility of the Federal Reserve raising interest rates at the May policy meeting, helping the dollar index rise to a near-one-week high, which has a significant impact on gold prices.
Judging from the trend of gold, gold surged and fell again last Friday, and began to withdraw after reaching the highest level of 1987, and continued to reach the lowest level so far to reach near 1949. The range of retracement in the short term is also more than 40 US dollars. At the same time, the daily line is staggered. After the opening of the morning, the short-term moving average is directly under pressure, and the support below the short-term line is maintained in the area around 1945-50, then the role of this area is also very important, and once it continues to break the level, it will be possible for gold to continue in the later period.
Judging from the 4-hour chart, the pattern space of the gold price began to tilt downward, and the market turned short, and the support below focused on the 1933 position of the daily line, which is probably the target position for this decline!In terms of space, gold is still sweeping back and forth in a volatile structure, but the space and range are changing over time, which has also added a lot of difficulty to the recent operation of gold.At present, according to the rhythm of gold, we continue to treat gold with the idea of sweeping. This time we look at it after it rises, and then falls back again.
Short-term operation ideas: sell gold near the 1976 position, and add a position to sell gold near 1980-1981. The stop loss level and take profit level will not be set first. Later, I will notify the channel in time to set the direct operation and stop loss.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
💮Review of the Aptos(APT) Project💮Hello! Today, let's review one of the ✴️cryptocurrency projects✴️ which is the talk of the town these days, the Aptos Project.
Today's project name is 💮 Aptos Project, shown as APT token💮.
As I have said before, I evaluate crypto projects based on various factors .👇
I have already introduced each of these factors with a brief explanation, so today, I will be looking at Aptos (APT) .
🔥Let’s get into it:
🔰🔰🔰🔰🔰🔰
✅ Project Goals : Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language independently developed by Meta (formerly Facebook)’s Diem blockchain engineers. The Aptos blockchain aims to achieve the following:
Scalability: To support a large number of transactions per second (TPS) and to minimize transaction💴 costs without sacrificing security. Aptos can theoretically achieve a throughput of over 150,000 TPS.
Security: To provide a robust and secure infrastructure that can protect against various attacks, including 51% attacks and other network disruptions.
Developer-friendly: To offer a user-friendly😊 interface and a suite of developer tools that make it easy for developers to build and deploy dApps on the Aptos blockchain.
Interoperability: To ensure that the Aptos blockchain can interact with other blockchain networks and traditional databases, allowing for greater interoperability and flexibility.
By achieving these goals, the Aptos blockchain aims to enable a new generation of decentralized applications to operate more efficiently, securely, and transparently than traditional centralized applications. This is why I have scored Aptos’ project goals 7/10.
✅ Founders : Aptos was founded by Mohammed Sheikh, also known as Mo Sheikh, and Avery Ching. Mo holds a Master's in Business Administration, and his resume includes BlackRock, the Boston Consulting Group, Ethereum builder Consensys, and Meta (formerly Facebook). Avery Ching holds a PhD in Computer Science🖥 and has spent most of his career working as a principal software engineer at Meta, which is one of the highest positions in the company. This is why I have scored the Aptos founders 8/10.
✅ GitHub : Aptos Labs has a public GitHub repository that contains the open-source code for their Aptos blockchain platform. The repository includes various software components, including the core blockchain protocol, smart contract libraries, and various developer tools.
The Aptos Labs GitHub repository is a valuable resource for developers interested in building decentralized applications (dApps) on the Aptos blockchain. The repository is regularly updated with new features, bug fixes, and other improvements, and developers are encouraged to contribute their own code and ideas to the project.
In addition to the open-source code, the Aptos Labs GitHub🌐 repository also includes documentation and tutorials that guide how to use the platform and build dApps on top of it. This makes it easier for developers to get started with the Aptos blockchain and to take advantage of its unique features and capabilities. The Aptos GitHub repository currently has over 400 contributors with more than 17,000 commits which made our experts score Aptos’ Github 8/10.
✅ Inflation Rate : Aptos launched its Mainnet with an initial total supply of 1 billion tokens in October. With new tokens minted through transaction fees and staking rewards, the total supply of Aptos has reached 1.024 billion during the past 6 months. This means Aptos has had 2.4% inflation over 6 months, and knowing this, I can say that the $APT token inflation rate is at least 4% annually. This inflation rate isn’t awful, but it also isn’t very great looking at Bitcoin’s current 1.8% inflation or Ethereum being deflationary, which is why I have scored $APT token’s inflation rate 6/10.
It's important to note that inflation rates can change over time as the underlying blockchain protocol is updated or as market conditions shift, so it's possible that the inflation rate of the $APT token could change in the future.
✅ Community : Aptos team has been actively working to grow their community through social media activity and other methods. The Aptos Twitter account has over 375K followers, their Discord channel has almost 150K😈 members, and they are also active on platforms such as LinkedIn and Medium. Therefore I have scored the Aptos community 7/10.
✅ Whitepaper : The Aptos whitepaper explains the founders’ vision in detail. It talks about the new smart contract programming language called Move, which is based on Rust. Also, the logical data model for Aptos is thoroughly explained in the whitepaper. The technologies used in Aptos, such as parallel transaction processing for achieving higher throughputs, are also explained in the whitepaper. The Aptos Whitepaper being complete and detail-oriented, has made our experts score it 8/10.
✅ Developers : Since the project was founded by people with great experience in tech companies, its developers can only be up to their standards. According to the Aptos website, more than 350 developers are currently working on the Aptos blockchain. The GitHub repository for Aptos also shows more than 400 contributors submitting commits. But you should also know that even though the devs claimed that the Aptos blockchain could process 150,000 TPS, on the day of its Mainnet launch, only 4 transactions were getting confirmed per second, and the blockchain was facing a lack of users. This is why I have scored the Aptos developers 7/10.
✅ Tokenomics : Aptos launched its Mainnet with an initial total supply of 1 billion tokens, of which 510 million were distributed to the community, 190 million to core developers, and the rest to the Aptos Foundation and private investors. Tokens held by private investors and core contributors are subject to a 4-year lockup schedule. The Aptos Foundation holds 410 million tokens, which will be released over the next 10 years, with 125 million available initially to support ecosystem projects, grants, and community growth initiatives. Rewards for token holders who stake their tokens start at 7% annually and decrease to a lower bound of 3.25%. Community sentiment has been critical of the large allocation for developers and also the Aptos team has not been transparent about their tokenomics and average retail investor has to really dig in to find some valuable information, so I have scored the Tokenomics for Aptos 6/10.
✅ Venture Capital Investors : Aptos collected $350 million from VC investors in a funding round. The investors included Tiger Global Management, Andreessen Horowitz, Paxos, BlockTower Capital, Circle Ventures, Multicoin Capital, PayPal Ventures, and more. But what raises concern is that Aptos could collect such capital before they had released a whitepaper or provided any details about their tokenomics. This is why I have scored the VC investors of Aptos 6/10.
✅ Competitor Comparison : What makes Aptos separate from all its competitors such as Solana, is its novel smart contract programming language Move. Solana’s founder has reportedly admitted in an interview that the Solana team is really concerned about a competitor L1 with a new execution layer. This, along with the fact that Move is a very developer-friendly language, could mean many devs leaving the Solana ecosystem in order to build on Aptos. Another difference between Aptos and other L1s that I should mention is that tokens on the Aptos blockchain are apparently controlled by the entity that issues them. This means that any token on the Aptos blockchain can be frozen, burned, or minted at will by whoever created it. This is an intentional design choice as the Aptos founder mentioned in a panel discussion that the Aptos blockchain can comply with regulations. This point creates concerns about censorship and the decentralization of the project, which is why I have scored Aptos compared to its competitors 7/10.
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🔔 In conclusion , Aptos obtained an overall score of 7/10 which is decent but there are a few concerns about this project that you should keep in mind if you’re considering investing in it. The biggest concern is the ridiculous disconnect between the supposed quality of the project and its transparency and organization. Aptos has technically been in development since 2017 and has had access to unlimited resources for research and development for years. It raised $350 million without a whitepaper or tokenomics, while Aptos Labs had 350 employees supposedly. So why didn’t Aptos completely hammer out the tokenomics of its $APT token? Aptos still lacks a YouTube channel; no information is available on who runs the validator nodes on the Aptos blockchain. There is also no information on which wallets belong to Aptos Labs and Aptos Foundation. These are all concerns that anyone should consider before inventing.
How will Gold rise and fall in the first week of April?The golden Friday first continued to be strong and high volatility, but the volatility was extremely narrow. It was considered a high-level pressure measurement. The upper level was continuously tested three times in 1985 and did not break. During the European market period, the market recovered, but the lower level only retreated to the 1973 line, and then there was a rebound in the shock, but there was still not much recovery momentum. Judging from the recent trend performance of gold and the rhythm of Friday's operation, although gold is more affected by emotions and is slightly stronger, it is difficult for the bulls to gain further recovery momentum. In the case of negative closing on Friday, the lack of continued recovery this week is a sign of insufficient follow-up of the bulls' momentum, which shows that although the market sentiment is extreme and bullish, different views have also emerged.
On the 4-hour chart, the upward channel in the chart is the key pattern. The suppression of the upper channel has withstood the test again on March 31. The current position close to the upper channel is also a good short-term entry position. At present, I am optimistic that gold will step out of a 4-hour bearish flag. The upper channel is the most suitable but slightly aggressive position for the profit-loss ratio, and the follow-up short orders after the lower channel breaks the level are less profitable but more stable.
So next week, in terms of gold operation ideas, I suggest that the rebound will be dominated by short selling at high levels, supplemented by long selling at low levels; the top will pay attention to the resistance of 1985, and the bottom will pay attention to the support of 1962.
DXY $USD Rip USDOLLERThere are several events that are challenging the dominance of the US dollar in the global economy. These events include:
Saudi Arabia and China agreed to build a refinery using the Chinese Yuan instead of the US dollar, which could reduce demand for the US dollar in the global market.
China and France completed the first LNG trade using the Chinese Yuan, suggesting a shift towards using the Yuan for international trade.
Russia considering using the Chinese Yuan as a reserve currency, while China and Brazil agree to use it for trade settlements instead of the US dollar.
Saudi Arabia considering accepting the Chinese Yuan for oil sales.
BRICS countries announcing the development of a new currency.
The President of Kenya encouraged citizens to get rid of US dollars.
India settled trade in Indian rupees with certain countries rather than the US dollar.
The Chinese Yuan surpasses the Euro to become Brazil's second-largest currency in foreign reserves.
Russia holds 33% of all reserves in the Chinese Yuan according to IMF data.
China and Russia agreed to use the Chinese Yuan as a settlement currency.
Russian companies issued bonds in Yuan worth over $7 billion last year.
Meanwhile, the regional banking crisis has led to billions of US dollars being invested in crypto and gold. Since March 10th, Bitcoin is up 45% and gold is set to break $2000/oz. Over $225 billion has been withdrawn from US banks in just 2 weeks.
After the shock structure is over, where will the gold price go?In recent trading days, the volatility of gold has been relatively small, and there have been no major ups and downs. At present, it can be treated as range fluctuations. The rebound is limited and basically the rebound has stopped until a certain point. The same is true yesterday. The rebound to the vicinity of 1975 is still falling downwards, while the short-term support is near the 1950 position.Judging from the recent market trend, a large wave of trend processes must be confirmed twice before a large upward or downward trend can be achieved, so the short-term structure is still to build a shock range.
The current volatility range of gold has gradually narrowed to within the range of 1950-1975!Without the stimulus of news events, the probability of gold breaking the level is very small, and it will continue to go back and forth within the range.At present, the previous low level of the price of gold has become an effective support. It is not certain whether it can support the rise again, but it is certain that there is no room for the price of gold to fall again, and the potential energy is even more weak. The downward extension of strong support is located in the 1935-1933 area.At present, the 4-hour chart has entered the contraction and shock of the triangular range, and it has been maintained in the range for a short period of time. It has broken through and stood firm at 1975, so the bulls can continue to see the high of 1980-1986.For the time being, the top pays attention to the pressure of 1970-1975, and the bottom pays attention to the support of 1952-1955.
Short-term trading reference:
1.Sell gold near the 1974 position, stop loss level 1979, take profit level 1960-1955
2.Buy gold near the 1954 position, the stop loss level is 1949, and the take profit level is near 1968
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Is there room for gold to continue to fall?Although the weakening of the U.S. dollar has provided support for gold prices to a certain extent, because the dust has settled on the acquisition of Silicon Valley Bank assets by First Citizen Bank, European and American bank stocks have risen sharply, suppressing the market's risk-averse demand for gold. Investors have scaled back safe-haven trading and turned to riskier assets. U.S. bond yields and U.S. stocks have risen, and gold is under further selling pressure.Judging from the recent trading days, the gold price has repeatedly surged above the 2000 mark and then fell back. The morale of the bulls has been obviously frustrated. Investors need to beware of the possibility of gold price shocks reaching the top.
Judging from the recent trend of gold, the high point began to show signs of M-head regression, and the short-term pressure fell back, and the continuous touch of the high point failed to continue, becoming a short-term high pressure zone.Although the upper side is under pressure, it is difficult to reverse the trend and become a unilateral downward market in a short period of time. Here, a range-oscillating market may be constructed.For the intraday market, pay attention to the suppression of the upward rebound in the short term. If the yellow metal is under pressure and stagnates, you can go short at a high level and continue to look down.
In the short-term operation, the rebound can pay attention to the pressure on the first line of 1973-1974, and the support can first look at the recent low of 1935.
Short-term trading reference: sell gold at the 1969-1970 position, stop loss level 1974, take profit level 1960-1955
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Gold bulls are brewing the next round of outbreak?Although the gold price yesterday did not reach the first line of 2010 that I expected, it reached the highest line of 2003, and it was only 7 US dollars away from the expected position of the first line of 2010.After gold surged to the 2003 line yesterday, it fell back in shock, and the market was gradually digesting the Fed's previous hints that it might suspend interest rate increases.But the market will continue to pay attention to whether the banking crisis spreads further.In addition, the increasingly tense geographical relations will also provide strong support for gold prices.
Judging from the current trend of gold, the gold price has fluctuated and fallen. It can be seen that there are a lot of selling at the 2000 position, which also shows that there will still be repeated market washing near the 2000 position.From the technical structure point of view, the current short-term gold price is too fast, so there is still a need for correction in the short-term, so the technical structure supports the repeated washing of gold prices.But on the whole, the upward trend has not changed, so until the trend has not changed, we can continue to maintain a bullish thinking.
In the short-term treatment, the top focuses on the pressure of the recent high of 2010, and the bottom focuses on the support near 1980.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Why to follow 🌉Arbitrum🌉 (ARB)❗️❓As I have said before, I evaluate crypto projects based on various factors.👇
I have already introduced each of these factors with a brief explanation, so today, I will be looking at Arbitrum (ARB) , which will launch on Binance exchange on March 23rd. That is tomorrow.
🔥Let’s get into it:
🔰🔰🔰🔰🔰🔰
✅ Projects Goals : Technically, Arbitrum is an optimistic roll-up on Ethereum. To put it more simply, it is a suite of scaling solutions that provides faster speeds at a significantly
lower cost, with the same level of security as Ethereum. Since Ethereum users were very inconvenient during the last bull run due to the ridiculously high gas fees they had to pay, Arbitrum and other Layer2️⃣ scaling solutions became extremely necessary for the growth of user adoption in DeFi. That is why I have scored Arbitrum’s goals 10/10.
✅ Founders : Arbitrum is built by a company called Offchain Labs. Ed Felten, Steven Goldfeder, and Harry Kalodner are the co-founders of OffChain Labs🔬 and hence Arbitrum. Ed Felten is a computer science and public affairs professor at Princeton University. Steven Goldfeder has received a Ph.D. in philosophy from Princeton University, where he also worked at the intersection of cryptography and cryptocurrencies. Harry Kalodner also holds a Ph.D. in Computer Science from Princeton University. The co-founders' academic level and work experience made me score a 10/10 for the Arbitrum founders.
✅ Github : Since the founders are experienced computer scientists, users who are not tech-savvy don’t have to worry about Arbitrum’s code. The team is constantly working on updates to improve the Arbitrum networks🌐 making them easier to use with faster and cheaper transactions. But since there is still much more room to grow, the experts at I have scored Arbitrum’s Github 9/10.
✅ Inflation Rate : Arbitrum's $ARB token has a total supply of 10 billion and a maximum annual inflation rate of 2%. This is a decent inflation rate, so I have scored $ARB’s inflation rate 8/10.
✅ Community : Arbitrum’s user base mainly consists of OG Ethereum users who often transacted on Ethereum and started using Arbitrum due to the high gas fees. The Twitter account of Arbitrum has more than 610K followers👨🦰, and their Discord channel has more than 320K members. Also, with the launch of $ARB on March 23, the governance of Arbitrum starts, which enables the community to make decisions by themselves to grow the community further. This is why I have scored Arbitrum’s community 9/10.
✅ Whitepaper : Arbitrum’s whitepaper clearly states the project’s vision to the readers: providing scaling solutions to increase transaction speed and lower costs while staying as secure as Ethereum. The Arbitrum team has achieved many milestones till now and continues to do so, like the upcoming governance launch. This is why I have scored Arbitrum’s whitepaper 10/10.
✅ Developers : Since Arbitrum was founded by experienced computer scientists, the devs building Arbitrum are top quality which can also be realized by the number of projects building their DeFi protocols on Arbitrum. This is why I have scored Arbitrum’s developers 9/10.
✅ Tokenomics : The $ARB token distribution is as follows: 11.62% is airdropped to individual wallets, 1.13% is allocated to DAOs in the Arbitrum ecosystem, 17.53% goes to investors, 26.94% is allocated to the team, and future team, advisors, and the remaining 42.78% stays in the DAO treasury which can be governed by $ARB holders. This is an extremely fair token distribution, with the founding team receiving less than 30% of the total supply, so I have scored Arbitrum’s tokenomics 10/10.
✅ Venture Capital Investors : Arbitrum has a long list of VC investors, including Pantera Capital, Coinbase Ventures, Alchemy Ventures, and many more, which shows the credibility and the great vision of Arbitrum. This is why I have scored Arbitrum’s VC investors 10/10.
✅ Competitors Comparison : Arbitrum is one of the largest roll-ups providing scaling solutions for Ethereum, with over 3.5 million unique addresses on Arbitrum. But as an optimistic roll-up, Arbitrum faces heavy competition from other optimistic roll-ups like Optimisim and even ZK (Zero Knowledge) roll-ups. Each roll-up has its pros and cons, but without getting into the technical details, I have scored Arbitrum 8/10 in terms of competitor comparison.
⚠️ The overall score for Arbitrum is 9.3/10, which is an excellent score when evaluating a crypto project. But always remember that crypto tokens are generally risky assets that often face major volatility.
So you must do your research and even consider talking to an advisor before investing🤑 in any crypto project.
Gold prices are higher and are expected to hit 2010 points againDue to the Federal Reserve's hint that it is about to suspend interest rate increases, and Yellen's speech created a warming of bank risks, gold today continued yesterday's rally and edged higher again.The overall trend showed an incremental increase, reaching the highest level of 1983.7.
Judging from the trend of gold prices, yesterday's daily gold line closed as the mid-yang line, recovering all the mid-yin K-lines of the previous day. After the daily double-yin adjustment, the positive K-line recovered, and there were slight signs of a stop in the short-term, and the local area will temporarily enter a high level of volatility.It may remain in the high range and pull the saw back and forth, entering a daily-level shock correction.
Judging from the 4-hour level chart, the current short-term support is relatively firm, and the upper side is initially facing the first-line pressure of 1985, and the lower short-term support is on the first-line of 1965.Judging from the fragile sentiment of the market, gold still tends to rise. If it effectively stands above 1985 in the process of rising, the gold price is expected to hit the recent new high near the 2010 position again.
In the short-term treatment, the lower support is near 1965, and the initial pressure above is near 1985.
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Take advantage of Bitcoin's current transactional opportunitiesBecause it was too late to write a specific analysis just now, I reminded everyone in my channel to short the current price of Bitcoin. Then friends who keep up with the pace of trading, Bitcoin is basically shorting at the position above 28600.
Let me give you a detailed analysis of why Bitcoin is shorted in the short term at this position.Judging from the recent trend, the daily line has had an upper shadow line on the closing line for 6 consecutive trading days, proving that the upper pressure is strong enough.It is difficult to make an effective breakthrough upward in a short period of time, and yesterday's negative K-line proved that even if the currency price wants to continue to break upward, it will take a certain amount of time to make a pullback correction so that the currency price can accumulate upward momentum.
On the other hand, the price is overbought, which may also lead to short selling in the short term, thereby suppressing the price of Bitcoin.But there is strong buying support below. So here I think that Bitcoin will have a certain pullback and correction trend at least in the short term.In this regard, we can fully seize short-term trading opportunities to obtain benefits.
In the short-term processing, the pressure of 28700-28900 is concerned above, and the support of 27800-27300 is concerned below.
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Gold price bears regain control of the market?Philip Fisher once said that investment inevitably depends on luck in some places, but in the long run, good luck and bad luck will balance out, and continuous success must rely on skills and the application of good principles.
At present, the main rhythm of gold is still heavily affected by fundamental emotions, and the short-term technical trend is not expected to prevail, but technically it is still necessary to pay attention to and predict the position.
For the current market, gold has fallen into a consolidation stage after falling from its high, and the intraday upward movement has stagnated, so the current market may be further repaired and adjusted at a small level, and seek stronger support downwards.The current neckline resistance is in the 1960-1965 area.
Judging from the current strength of the rebound, the current risk aversion has cooled down, and short-term pressure measurement from 1950 to 1953 may be relatively difficult. It is very likely that it will be adjusted again after a short rebound, and the current short-term support is near the 1930 line.
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