Verasity (VRA) is a protocol and product layer platform for esports and video entertainment. Total market cap is around 100 million. The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly. Bullish stuff: We did find a strong support around 0.02$. Currently it looks like we get a W shaped recovery which is one of the...
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly. Bullish stuff: We entered the bull market support band and did not get rejected so far. The RSI shows a strong healthy rise. Trading volume is higher compared to the start of 2022. We formed a W shaped double bottom which is a strong reversal sign. Bearish...
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly. Bullish stuff: The 200MA of the 3day was held perfectly. No close below it! We now are within the bull market support band and did not get rejected so far. The RSI shows a strong healthy rise. Trading volume is higher compared to the start of 2022. We are still...
Cardano is the Blockchain to go if you believe in the scientific route. So far over 150 peer reviewed papers came out and many problems were solved before the implementation. Do it right from the start even if it takes some time! Cardano dropped by 75% from its previous ATH around 3$ within the last 6 months. Now it looks like we found another local support close...
Bitcoin is the dominant crypto currency and the whole market is somewhat depending on the health of the Bitcoin price chart. Bitcoin dropped by 50% from its previous ATH around 68k within 3 months. Since then we are consolidating into a wedge pattern with a ceiling around 45k and a rising floor currently around 39k. Bearish stuff: We are below the weekly bull...
We faced a >50% drop from the previous ATH around the 68k level and created a new lower low. The last dip down to the 33k level was bought up with higher volume compared to the previous dips during this downtrend which indicates that we could have bottomed out. The RSI still is below 40 and probably will test the yellow line in the near-term. Once we break this...
Paribus is a cross-chain borrowing and lending protocol for NFTs, liquidity positions and synthetic assets running on the Cardano blockchain. This project is relatively new starting in Q2 of 2021 and could profit massively from the upcoming growth of the Cardano ecosystem. We wait for the bottom of the triangle as entry point or the top if price won't come down...
Cardano currently retests the 1$-1.3$ region which is a very strong support band combined of the purple band and the green horizontal line. Except the bear trap we are following the structure of a huge wedge pattern that is about to break out since we found this massive support zone. On the RSI side we just retested the falling yellow line as support and are now...
Polygon is in an accumulation phase since the downfall in may 2021. Last time we stated that this coin is a nice buy in the 2$ region. That's where we are now and it still looks like a nice pickup zone. The RSI dropped a little bit below the triangle and we expect it to bounce back into it within the next weeks. The bullmarket supportband is around 1.8$ and...
First of all we stay macro bullish and believe in the blockchain technology that is the underlying technology of crypto currencies. Therefore we have a bullish bias but still try to give you an objective overview. Bitcoin tests the 40k region support indicated by the dark green line. We are currently in a downtrend and lost the crucial 46k support where also the...
Polygon is in an accumulation phase since the downfall in may 2021. We are finally back up around previous all time high price ranges. Bullish news came in that Uniswap is now live on Polygon which is bullish for the whole Ethereum ecosystem. The RSI shows that we are in the middle of an accumulation phase and therefore its plausible that the final price breakout...
Reef Finance finally broke out of its latest downtrend that now lasted over a month. The support around 0.0165$ held and we got a nice bounce that pushed us through the downtrend trendline. Next resistance lines are at 0.036$ and 0.05$. We spot a similar pattern on the RSI where we expect the next resistance to be around 70. Currently 16 billion REEF tokens out...
Cardano tests the longterm purple support line which currently sits around 1.3$. The support line around 1$ could be tested before we get a trend reversal back to higher prices. Sundaeswap released its beta and did show that swaps are working on the cardano blockchain. Once the bugs are fixed we expect the ecosystem to grow at a rapid pace. The RSI is barely above...
Ethereum tests the support line around 4k$ which falls together with the current low point of the rising wedge. Currently Ethereum holds much stronger than Bitcoin and looks more bullish. The RSI is relatively low with 40 and is within a broad consolidation wedge that could be valid for another month. We expect Ethereum to hold the current support around 4k$ and...
Bitcoin tests the 200MA at the same level we have the purple central line of the accumulation box indicated by the thick orange and bright green lines. We are within this accumulation box for 241 days yet and holding the central line is important to stay within the upper bullish zone. The current drop looks too steep for a long term trend and price volatility...
Intro: - Verasity (VRA) is a protocol and product layer platform for esports and video entertainment - Verasity keeps building since 2017 and has planned to introduce NFT's to their platform during Q4 2021. - In circulation we have 6 billion coins out of currently 10million possible. - Total market cap is currently around 200 million and still has a lot of room to...
- Ethereum still holds the biggest ecosystem and has running smart contracts for a long time. This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc. - Ethereum still is the first choice after Bitcoin for big investors and remains attractive. - SEC confirmed that crypto will not be banned and especially Bitcoin...
General Intro: - Bitcoin is the first of its kind as cryptocurrency using blockchain technology and is looked at a store of value like gold , just better. - Bitcoin will help the people to bank themselves and gives some power back to the community. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more...