The Shelley hard fork earlier this year proved 2 things: 1. that it can successfully coordinate a community wide fork, a critical component to their community governance perspective, and 2. that Cardano is ready to come out and play. The Shelley hard fork allows creators to plug in smart contracts to the Cardano network, allowing for wider creation of...
ALGO shooting out early, along with the rest of the alt economy. $0.30 is the resistance level to watch as the market determines whether it will make or break the coin and $0.40 will be our next stop - a 33% return if you’re keen to try your luck on the randomness token. Not financial advice.
Uniswap, the third universal currency contender, has followed a similar but far more volatile trend in this same time period. Investing in Uni while watching indicators in more stable XLM may be a worthwhile tactic.
An XRP:XLM comparison has shown to be useful lately as the two are highly correlated, both with the ultimate goal of being universal currency swap networks. A quick look at the two currencies these last days shows XRP is performing at a rate that is above XLM's next upper resistance, and continuing to rise. While it may appear that XRP is simply winning the...
Algorand, like several other Altcoins, are at the tail end of a descending triangle pattern, making buzz for an Alt Season. But will Algorand share the spotlight? Past patterns have led to lackluster results, crawling back to trend slower than other coins after the tumble this March, defining not only a new ATL, but an upper resistance boundary for it as...
Mapping out some key resistance levels to watch as EOS moves to the bottom corner of it's descending triangle. Probably too early to break out yet, but I expect to see a push up to the bearish trend line at around 3.00 before falling once or twice more to familiar lows. Next year, exiting the triangle above 2.66 in late Spring would be a great indicator of things...
Seasonal highs and lows have defined a breathing pattern in Enjin between $0.05 and $0.25 for huge swing potential of 150-350% ROI over 12 months. Interaction with historical support and resistance may encourage this pattern. If Enjin remains stable, swing purchase season may start next Spring. Breakout may happen at any point, up or down, but even major breaks...
ADA is currently at an important price decision zone, falling to its lowest growth rate since Pandemic Panic in March while reestablishing historic resistance levels along the way. We’ve been oscillating in agreement between $0.09 and $0.11, the same region ADA hugged in Apr-Sep 2019 before falling bearish to a bottom of around $0.03. Unable to sustain our highs...