MPCUST trade ideas
MPC - Wait For The Bulls 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📦 After finding support around the $0.5 round number, MPC has been hovering within a narrow range.
📈 As long as the $0.5 support holds, we anticipate a movement towards the upper bound of the range at $0.7 , which would also be a strong supply zone.
🏹 For the bulls to confirm medium-term control, a break above the red trendline is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
MPCUSDT Is Partisia Blockchain the next security crypto gem?Partisia Blockchain's (a Web3 public blockchain built for trust, transparency, privacy and sub-second finalization time) listed its MPCUSDT token on multiple exchanges since yesterday. The buzz around it is strong so we took a look at its price action and discovered a potential crypto gem behind it.
** Technical Analysis **
The best time to buy such a token is at the very beginning. And what better pattern to utilize than an Inverse Head and Shoulders (IH&S) right from the very start.
As you can see, the price just broke above the initial Lower Highs trend-line, which is about to test it as Support, and we can see a Channel Up already emerging (dotted lines). What better formation to accompany that, than a Bullish Cross between the MA50 (blue trend-line) and MA100 (green trend-line).
As long as the RSI holds its Higher Lows trend-line), this is a buy opportunity. In standard technical IH&S fashion, the pattern targets the 2.0 Fibonacci extension from the Head, which is exactly at 0.7500. That would be +80% from the bottom and +40% from the current level, indeed excellent for short-term profit.
** Fundamental Analysis **
But MPCUSDT isn't just here for the short-term. We view this as a long-term project that has the capacity to reach the leaders of the industry.
The MPC token derives its name and fundamental principles from multiparty computation technology, a technology that maintains data encryption across all states, ensuring the protection of underlying information and enhancing user control over their data. At its core, the MPC token functions as the cornerstone of the Partisia Blockchain’s security mechanism. The token is staked to all nodes within the network, ensuring the ecosystem's integrity and reliability.
Some key points on MPC:
- It ensures transparent elections by safeguarding voter data through privacy-preserving on-chain voting. It enables pattern recognition and analysis on secret-shared data, particularly suited for large datasets requiring privacy. This fusion drives unprecedented growth in privacy-preserving AI models, crucial for collaborative machine learning without revealing individual datasets. MPC guarantees secure computations at the edge, essential for IoT security.
- In DeFi , MPC addresses financial inclusion and scalability challenges, emphasizing compliance and interoperability. Partisia Blockchain’s quantum-resistant MPC solutions safeguard data against quantum threats, potentially integrating into quantum technologies. MPC shapes decentralized identity solutions, granting individuals control over their digital identities.
- In healthcare , MPC facilitates secure collaborative research, expediting breakthrough treatments while safeguarding patient privacy.
As the crypto market continues to navigate the complexities of privacy, the integration of Partisia Blockchain into major trading platforms marks a significant moment for the community. It serves as an acknowledgment for projects that are innovative and tackle today's challenges in the fields of privacy and security.
The interest on privacy-focused cryptocurrencies has only just begun and the listing of the MPC token serves as a strong reminder and this is a great opportunity for long term investors looking for crypto gems to position themselves early. We are as bullish as it can get on MPC!
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MPCUSDT: Partisia Blockchain - Privacy-Focused Crypto ProjectMPCUSDT: Partisia Blockchain (MPC) - Privacy-Focused Crypto Project
In the ever-evolving landscape of cryptocurrency, a new development catches the eye: the listing of Partisia Blockchain (MPC) on KuCoin. As of March 19, this privacy-focused crypto project has joined the ranks of tradable assets on one of the world’s most prominent crypto trading platforms.
Partisia Blockchain distinguishes itself with a commitment to privacy, particularly through its innovative approach to electoral processes. By leveraging on-chain voting, the project aims to shield voter information, ensuring transparency and privacy coexist.
The addition of MPC tokens to KuCoin’s spot trading platform is noteworthy. Typically, listings on such a platform indicate a certain level of endorsement and recognition of the project's potential and its contribution to the crypto ecosystem. KuCoin’s move to facilitate deposits of MPC tokens via the supported mainnet network underscores the significance of privacy in today's digital age.
This listing raises pertinent questions about the future of privacy within the blockchain space. With the increasing importance of data protection and the inherent transparency of blockchain transactions, projects like Partisia Blockchain offer a glimpse into how these seemingly opposing needs can be reconciled.
As the crypto community continues to navigate the complexities of privacy, the integration of Partisia Blockchain into a major trading platform like KuCoin marks a significant moment. It reflects a growing appreciation for projects that are not only innovative but also address critical concerns around privacy and security.
The conversation around privacy-focused cryptocurrencies is far from over, and the listing of MPC tokens presents an opportunity for further discussion and exploration within the community.
Technical Analysis:
Considering that MPC was just released the price is holding well.
On the 15 min chart we can see a 15 min triangle pattern which is showing the potential for more upside movement.
Considering that this is the begining I shared 3 realistic targets but the potential should be higher. However we are going to check the analysis as long as MPC develops.
You may find more details on the chart.
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
