Hey all! We’re Offchain Labs, the company behind the Ethereum scaling technology, Arbitrum. Arbitrum One, the Optimistic Rollup, has been live for over 1 year with Nitro an upgrade coming soon! Arbitrum Nova is our newest chain made for gaming and social dapps! Home to Reddit’s community points as well. 😉 Reddit communities are now…
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Avalanche (AVAX) price breaches an uptrend lingering in the ascending parallel channel for two months now. AVAX price dips below the ascending channel, breaching an uptrend for two months Avalanche price slides further down to $25 Price tagged in the buy zone but lacks impetus to maintain the ascending parallel channel Even though AVAX was able to break above $30, the coin wasn’t able to fill in the cracks to $40. At first, support seen at $28 controlled the bears’ grasp on the price but AVAX price retraced at $26.22 and is in danger of plunging further down to $25 and $21. Related Reading: Dogecoin Jumps 15% In 24 Hours As DOGE Overcomes Critical Level Avalanche Price Slides Down To $25 According to CoinMarketCap, AVAX price has nosedived by 5.53% or trading at $25.89 as of this writing. AVAX faced hurdles as it muscles out with resistance spotted at $30. Bulls tried to sustain the upswing but the intense buying and selling pressure worked against AVAX. Inevitably so, the Parabolic SAR that hovers above the price heeled the scales towards the bears. With the support at $28 breached, the focus will now be reverted to the levels $25 and $21 which shores up the 100-day SMA. Now, trading below this level, the 50-day SMA could impel the AVAX price heading to buyer congestion seen at $21. As seen on the daily chart, the Stochastic oscillator beefs up traction to its downbeat standpoint as AVAX markedly dives under the midline. The continuous retreat of Avalanche price may not be interrupted due to a bearish divergence brought about by the Stochastic oscillator. Strong Sell Signal Seen On 4-Hour Chart The Super Trend indicators currently show an active sell signal depicted on the four-hour chart. Now, the sell signal may dim the probability of an AVAX recovery. The index shrouds the chart to look like a moving average but uses the ATR to measure volatility. As of press time, AVAX will continue to delve into the downhill range with the Super Trend indicator spotted above the price. Supposing the technical factors work against the AVAX price, many investors are confident that this is the best time to jump in. As seen on the daily chart, the readings spotted above the mean line indicate that Avalanche is magnified in value which hoists the possibility of pulling back as investors thrust into profiteering activities. On the other hand, any movement below that range would indicate underestimating the value of AVAX which signals that it’s the best time to buy. Related Reading: Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend? AVAX total market cap at $7.38 billion on the daily chart | Source: TradingView.com Featured image from Al Bawaba, Chart from TradingView.com
The price of Ethereum (ETH) has struggled to hold above $2,000 against Tether (USDT) after being rejected from that region. Ethereum price in the past few weeks outperformed the price of Bitcoin (BTC) but has shown bearish signs indicating the ETH price could be set to retest the nearest support. Related Reading: TA: Ethereum Could Take Hit As The Bulls Show Weak Hands Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,700, which bounced from that area and rallied to a price of $2,030 after showing great recovery signs in recent weeks. Ethereum’s weekly candle closed with a bullish sentiment, with the new week’s candle looking bearish for the price of ETH as it continued to decline in price to a region of $1,850 after facing rejection from the $2,020 mark. The price has struggled to build more momentum as it tries to hold key support. If the price of ETH on the weekly chart continues with this structure, it could quickly revisit $1,700, acting as a support for the price of ETH. Weekly resistance for the price of ETH – $2,000. Weekly support for the price of ETH – $1,700. Price Analysis Of ETH On The Daily (1D) Chart The price of ETH found strong support at $1,770 above a ranging channel after a successful breakout, with what seems to be an area of interest on the daily chart. ETH bounced from its support and rallied to $2,030, where it was faced with resistance and was rejected from that region. The price of ETH has continued to range in a rising wedge after being rejected from the $2,030 mark; the price has broken to the downside, indicating a possibility of retesting the $1,700 support zone. At the point of writing, the price of ETH is at $1,860, above the 50 Exponential Moving Average (EMA), which corresponds to $1,652. ETH needs to hold above this support area that corresponds with the 50 EMA, a break below this region could send the price of ETH to $1,200. The Relative Strength Index (RSI) for the price of ETH on the daily chart is above 55, indicating good buy bids. Daily (1D) resistance for ETH price – $2,030. Daily (1D) support for ETH price – $1,740, $1,600. Price Analysis OF ETH On The Four-Hourly (4H) Chart The price of ETH continues to look bullish and holds above the 200 EMA price corresponding to $1,648. On the 4H timeframe, the 200 EMA is acting as a support for the price of ETH after breaking out below the rising wedge. If ETH fails to hold the support region, we could see the price retesting the region of $1,200 as the next support area to hold the ETH price. Four-Hourly (4H) resistance for ETH price – $2,030. Four-Hourly (4H) support for ETH price – $1,600, $1,200. Related Reading: Expert Outlines Best Crypto Assets To Hodl During Crypto Winter Featured image from DevianArt, Charts from TradingView.com
The banking authority said avoiding risk by cutting off crypto-involved clients may pose a “threat” to financial integrity.
submitted by /u/MrUncleBro [link] [comments]
Hey everyone! I know everyone's talking about the boom and merge of Ethereum, but I have a bit different question for you guys. How do you advertise your crypto businesses? Were you able to bypass Google or Facebook restrictions? Or do you use other channels to advertise? Please let me know, I need your answers!…
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submitted by /u/pbjclimbing [link] [comments]
Korea’s Financial Intelligence Unit is cracking down on foreign-based cryptocurrency exchanges that are yet to register with relevant authorities in the country.
With a ban on Tornado Cash, many DeFi proponents were worried that crypto exchanges, which are also key validators of Ethereum, would succumb to pressure and impose protocol-level censorship.
