Author: dfmines

Ethereum is forming a base above the $3,850 zone against the US Dollar. ETH price could start a fresh increase if there is a clear break above the $4,000 resistance. Ethereum is struggling to gain pace above the $4,000 resistance zone. The price is trading below $3,950 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $3,850 support zone. Ethereum Price Remains Stable Ethereum started a steady recovery wave above the $3,750 and $3,800 resistance levels. ETH even climbed above the $4,000 level and the 100 hourly simple moving average. However, the price failed to continue higher above the $4,040 and $4,050 resistance levels. A high was formed near $4,035 before the price started a downside correction. There was a move below the $4,000 and $3,950 support levels. Ether price traded below the 23.6% Fib retracement level of the upward move from the $3,696 low to $4,035 high. It is now trading below $3,950 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $3,950 level. There is also a key bearish trend line forming with resistance near $3,950 on the hourly chart of ETH/USD. The next major resistance is near the $4,000 level. A clear move above the $4,000 level and the recent high could start a fresh increase in the near term. Source: ETHUSD on TradingView.com The next stop for the bulls could be $4,100. A close above the $4,0 level may possibly spark a move towards the $4,250 level. More Losses in ETH? If ethereum fails to start a fresh increase above the $4,000 level, it could continue to move down. An initial support on the downside is near the $3,900 level. The key support is now forming near the $3,850 level. It is near the 50% Fib retracement level of the upward move from the $3,696 low to $4,035 high. If there is a clear break below the $3,850 support, the price could extend losses. The next major support is $3,700. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 level. Major Support Level – $3,850 Major Resistance Level – $4,000

Another irony is, whenever I peach this, I get the ETH maxi allegation pouring in. I personally don't care what bag you hold as long as you value true decentralization. We have to get this right to make WEB 3.0 what its meant to be. submitted by /u/Tahmid_0007 [link] [comments]

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India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking.” Meanwhile, the Indian government is reportedly making changes to the […]

https://www.businessinsider.com/time-magazine-elon-musk-person-of-the-year-critics-elizabeth-warren-taxes2021-12?utm_campaign=sf-bi-main&utm_source=facebook.com&utm_medium=social ​ Elon Musk was recently named Time Magazine**'s "Person of the Year," a choice that was widely criticised by media and politicians alike.** Columnist Noam Cohen writes that in hero-worshipping tech billionaires like Musk, we are at risk of outsourcing vital policy decisions to self-interested businessmen. ​ I totally agree with this article. So…
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With Reddit expanding their karma = tokens cryptocurrency experiment while simultaneously applying for an IPO(becoming a publicly traded company), now more than ever you need to setup Two Factor Authentication (2FA). Eyes are on Reddit now, in fact eyes might even be on your vault. So if you want to keep those precious moons you…
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Bitcoin failed to clear the $48,500 resistance zone against the US Dollar. BTC is sliding, but it could find bids near the $45,500 support zone. Bitcoin is facing a strong resistance near the $48,000 and $48,500 levels. The price is now trading below $48,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $47,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline heavily if there is a clear break below the $45,500 support zone. Bitcoin Price Faces Resistance Near $48,500 Bitcoin price started a recovery wave above the $46,500 resistance zone. BTC surpassed the $48,000 level, but it failed to gain strength above the $48,200 level. A high was formed near $48,289 and the price is now correcting lower. It traded below the 50% Fib retracement level of the upward move from the $45,520 swing low to $48,289 high. Bitcoin price is now trading below $48,000 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $47,000 level. The first major resistance is near the $47,200 level and the 100 hourly SMA. There is also a major bearish trend line forming with resistance near $47,200 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The next key resistance could be $47,500, above which the price might rise towards the $48,500 resistance. To continue higher, the price must gain strength for a move above the $48,500 level in the near term. Dips Limited In BTC? If bitcoin fails to clear the $47,500 resistance zone, it could extend decline. An immediate support on the downside is near the $46,500 level. The 61.8% Fib retracement level of the upward move from the $45,520 swing low to $48,289 high is also near the $46,500 level. A downside break below the $46,500 level could push the price towards the $45,500 support. The next major support is near $45,000, below which there is a risk of a sharp decline towards the $43,200 level. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently below the 50 level. Major Support Levels – $46,500, followed by $45,500. Major Resistance Levels – $47,200, $47,500 and $48,500.