WAN/BTC
Wanchain is a distributed ledger that allows for cross-chain transactions and the interoperability of multiple chains.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 900-1200-1450-1725 satoshi
Wanchain is a distributed ledger that allows for cross-chain transactions and the interoperability of multiple chains.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 900-1200-1450-1725 satoshi
Crypto Chart Alerts
ETH BTC analysis: ETH BTC pair broke the support of 0.0735-0.074 area and dumped hard from there. The next major support is the 0.0643-0.0652 area. We might see a test of this area before the next move. A break below 0.0643 will send us towards 0.06 support…
ETH BTC pair is slowly losing strength and we will see some more dump. A retest of the support is necessary to take liquidity. We will see good move after the test of support. A break above 0.07 level will turn ETH bullish again.
CELR analysis:
CELR is in a small uptrend channel on the hourly chart. CELR is now taking the support at the uptrend line near the $0.18 area. A break and close below $0.175 will break the uptrend channel pattern and we see a dump towards the $0.15-$0.154 support area. The next resistance is $0.19 and $0.205 area. You can open a long position here with tight stop loss.
CELR is in a small uptrend channel on the hourly chart. CELR is now taking the support at the uptrend line near the $0.18 area. A break and close below $0.175 will break the uptrend channel pattern and we see a dump towards the $0.15-$0.154 support area. The next resistance is $0.19 and $0.205 area. You can open a long position here with tight stop loss.
Trading Lesson:
A lot of youngsters trying to approach trading with a fixed daily income approach. Their aim is to earn a fixed percentage every day. This looks very easy on paper but is not a good strategy.
Eg. Their approach is trying to get a 1% return every day. So a capital of $100,000 USD should earn you $1000 every day, assuming 1% would be easy to earn with leverage.
Reasons this will fail:
The Crypto market is highly volatile and if you don't use a stop loss, the market sometimes dumps in double figures.
You will miss big profits just for just 1% (missing a good breakout)
Over-trading will lead to emotional and mental stress.
A lot of youngsters trying to approach trading with a fixed daily income approach. Their aim is to earn a fixed percentage every day. This looks very easy on paper but is not a good strategy.
Eg. Their approach is trying to get a 1% return every day. So a capital of $100,000 USD should earn you $1000 every day, assuming 1% would be easy to earn with leverage.
Reasons this will fail:
The Crypto market is highly volatile and if you don't use a stop loss, the market sometimes dumps in double figures.
You will miss big profits just for just 1% (missing a good breakout)
Over-trading will lead to emotional and mental stress.
Crypto Chart Alerts
Bitcoin is able to hold the $29,000 support and bounced from there. Hope that BTC breaks the resistance of $30,500-$31,000 this time. This is the key level and a break above this is necessary. If BTC is again rejected from there then we might see a dump towards…
Not much movement in Bitcoin and this is silence before the storm. A big wave is coming on either side soon. Bitcoin is trading in the range and unable to break the resistance level. The market is very uncertain now, wait before taking new trades.
Educational Post:
What is Metaverse?
The metaverse is a concept of a persistent, online, 3D universe that combines multiple different virtual spaces. You can think of it as a future iteration of the internet. The metaverse will allow users to work, meet, game, and socialize together in these 3D spaces.
The metaverse isn’t fully in existence, but some platforms contain metaverse-like elements. Video games currently provide the closest metaverse experience on offer. Developers have pushed the boundaries of what a game is through hosting in-game events and creating virtual economies.
You can already see some aspects of the metaverse in existing virtual video game worlds. Games like Second Life and Fortnite or work socialization tools like Gathertown bring together multiple elements of our lives into online worlds. While these applications are not the metaverse, they are somewhat similar. The metaverse still doesn’t exist yet.
Besides supporting gaming or social media, the metaverse will combine economies, digital identity, decentralized governance, and other applications. Even today, user creation and ownership of valuable items and currencies help develop a single, united metaverse. All these features provide blockchain the potential to power this future technology.
What is Metaverse?
The metaverse is a concept of a persistent, online, 3D universe that combines multiple different virtual spaces. You can think of it as a future iteration of the internet. The metaverse will allow users to work, meet, game, and socialize together in these 3D spaces.
The metaverse isn’t fully in existence, but some platforms contain metaverse-like elements. Video games currently provide the closest metaverse experience on offer. Developers have pushed the boundaries of what a game is through hosting in-game events and creating virtual economies.
You can already see some aspects of the metaverse in existing virtual video game worlds. Games like Second Life and Fortnite or work socialization tools like Gathertown bring together multiple elements of our lives into online worlds. While these applications are not the metaverse, they are somewhat similar. The metaverse still doesn’t exist yet.
Besides supporting gaming or social media, the metaverse will combine economies, digital identity, decentralized governance, and other applications. Even today, user creation and ownership of valuable items and currencies help develop a single, united metaverse. All these features provide blockchain the potential to power this future technology.
Crypto Chart Alerts
GALA analysis: GALA is taking support at $0.0775-$0.08 area. There is also a descending triangle formed which is near the breakout. If GALA break the $0.0775 support then we see more downfall. The next support is $0.067-$0.068 area. The major resistance…
GALA break the descending triangle and also break the support of $0.0775 area. We will see continuation of the downfall in coming days. We might see a test of $0.067-$0.068 area before next leg up. Wait for a test of lower support area to open new positions.
Binance Will Support the Terra Network Airdrop
https://www.binance.com/en/support/announcement/c52fa3c686be4b2b9d5df50de15847ec
https://www.binance.com/en/support/announcement/c52fa3c686be4b2b9d5df50de15847ec
Binance
Binance Will Support the Terra Network Airdrop | Binance Support
Fellow Binancians, Binance will rename the current Terra network as Terra Classic network and support the Terra network airdrop . LUNA and UST tokens of the Terra Classic network will henceforth b...
Crypto Chart Alerts
Not much movement in Bitcoin and this is silence before the storm. A big wave is coming on either side soon. Bitcoin is trading in the range and unable to break the resistance level. The market is very uncertain now, wait before taking new trades.
Yesterday BTC dumped to $28,000 but the candle closed above the support level and which is a good sign. Nothing has changed until the trading range is broken. We will see a massive move coming into the market very soon. Trade with tight stop loss.
Educational Post:
What is coin burn?
Coin burning is the process of permanently removing cryptocurrencies from circulation, reducing the total supply.
A cryptocurrency holder will call the burn function, stating that they want to burn a nominated amount of coins.
The smart contract will then verify that the person has the coins in their wallet and that the number of coins stated is valid. The burning mechanism only allows positive numbers.
If you execute the burn function to burn your coins, they will be destroyed forever. It's impossible to recover coins after they are burned, and thanks to blockchain technology, the proof of burn can be easily verified on a blockchain explorer.
What is coin burn?
Coin burning is the process of permanently removing cryptocurrencies from circulation, reducing the total supply.
A cryptocurrency holder will call the burn function, stating that they want to burn a nominated amount of coins.
The smart contract will then verify that the person has the coins in their wallet and that the number of coins stated is valid. The burning mechanism only allows positive numbers.
If you execute the burn function to burn your coins, they will be destroyed forever. It's impossible to recover coins after they are burned, and thanks to blockchain technology, the proof of burn can be easily verified on a blockchain explorer.
Crypto Chart Alerts
ETH BTC pair is slowly losing strength and we will see some more dump. A retest of the support is necessary to take liquidity. We will see good move after the test of support. A break above 0.07 level will turn ETH bullish again.
ETH BTC pair broke the support of 0.064 area and tested the major support of 0.06 area. ETH needs to hold the 0.06 support at any cost otherwise we see a heavy dump. Noe the first resistance is 0.064-0.065 area.
Crypto Chart Alerts
GALA break the descending triangle and also break the support of $0.0775 area. We will see continuation of the downfall in coming days. We might see a test of $0.067-$0.068 area before next leg up. Wait for a test of lower support area to open new positions.
GALA tested the $0.068 support and slowly moved up from there. Now we will see a test of the $0.077-$0.078 resistance area. If you opened long positions near the support level then increase your stop loss to breakeven price. We might see profit booking near the resistance level. A break above $0.08 is bullish.
UNI analysis:
UNI is now testing the support of the $4.70-$4.80 area. If UNI breaks below this support level, we see a dump towards the $4.00-$4.10 major support area. The resistance is $5.40-$5.50 area and $6 area. You can open a long position here with tight stop loss. We might see a test of resistance in the coming days.
UNI is now testing the support of the $4.70-$4.80 area. If UNI breaks below this support level, we see a dump towards the $4.00-$4.10 major support area. The resistance is $5.40-$5.50 area and $6 area. You can open a long position here with tight stop loss. We might see a test of resistance in the coming days.
Crypto Chart Alerts
Yesterday BTC dumped to $28,000 but the candle closed above the support level and which is a good sign. Nothing has changed until the trading range is broken. We will see a massive move coming into the market very soon. Trade with tight stop loss.
Bitcoin is unable to hold the support level and now trading below it. This is not good for the whole market as BTC is losing momentum. This is no trade zone, the weekend is here and trading volume is dropping. We see a big move on either side very soon. We will see a more clear picture by next week.