India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk,” said the central bank. RBI’s First […]
When those little variations of Snoo that Reddit dropped as non-fungible tokens, I was finally forced to use Polygon I understood what a layer two was and what it’s function was, but now that I am listing (none sold yet) and buying new avatars, I can see why people use a layer two The amount…
Read more
Avalanche price has shown bullish strength over the last 24 hours. It has been one of the few altcoins that have remained positive despite most altcoins losing value over the past day. In the past day alone, the altcoin has appreciated by close to 4%. In the last week, AVAX rallied over 16%. It is important that Avalanche continues to race upward for positive price action to remain in the market. The technical outlook for the coin showed that bulls were in complete control of the asset. Demand for the coin jumped north and buying strength kept registering northbound movement on the chart. The chance of a price pullback cannot be ruled out just yet. It is crucial for AVAX to move past the $19 price mark. Going past this price mark will help Avalanche price remain bullish. Tough resistance for Avalanche was at $19.60, and moving past that would make it easy for the coin to touch the $20 price level. The global cryptocurrency market cap today is $1.06 trillion, with a 0.0% change in the last 24 hours. Avalanche Price Analysis: One-Day Chart AVAX was trading at $18.90 at the time of writing. The bulls are trying hard to move past the immediate resistance mark for the coin. By doing so, Avalanche will be under a bullish influence over the next trading sessions. Overhead resistance for the coin stood at $19.07 and then at $19.60. Crossing these two hurdles will take AVAX to the $20 price mark. On the flip side, if AVAX has to lose its current price level, it could be dragged down to $17. Beneath the $17 price mark, the coin would fall close to $16. The amount of Avalanche traded in the past trading sessions indicates that the coin has registered increased buying strength. Technical Analysis The altcoin’s buying power was last as strong as it is now in the month of August. That signified a multi-month high in the number of buyers. The Relative Strength Index zoomed past its half-line and was almost about to enter the overbought zone as it was heading close to the 80-mark. Avalanche price was above the 20-SMA line, signifying that demand had increased for the coin and buyers were driving the price momentum in the market. Related Reading: Dogecoin (DOGE) Mammoth Rally Takes Break, Why Dips Turned Attractive AVAX has said that buyers were quite positive at the time of writing. The coin registered buy signal on its one-day chart. Moving Average Convergence Divergence indicates the price momentum and direction of the asset. The MACD was positive as it pictured green histograms above the half line, which also acted as the buy signal for the coin. The Chaikin Money Flow suggests the quantity of capital inflows and outflows on the chart. CMF was on the zero line, meaning an even amount of capital inflows and outflows. Related Reading: Why Bitcoin Will Crush Opposition At $21,000, Green November In The Making Featured Image From Shrimpy Academy, Charts From Tradingview
submitted by /u/Senior_Pianist7502 [link] [comments]
submitted by /u/ImaFreemason [link] [comments]
Bitcoin price started a downside correction below $20,500 against the US Dollar. BTC could start a fresh surge if it clears the 100 hourly SMA and then $21,000. Bitcoin is recovering losses from the $20,250 support zone. The price is trading below $20,700 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $20,680 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another upward move if it clears the 100 hourly SMA and then $21,000. Bitcoin Price Remains Supported Bitcoin price started a downside correction after it failed to surpass the $21,000 resistance zone. BTC corrected lower below the $20,600 and $20,500 levels. The decline gained pace below the $20,500 level and the 100 hourly simple moving average. However, the bulls were active near the $20,250 level. A low was formed near $20,250 and the price started a steady upward move. There was a wave above the $20,400 and $20,500 levels. Bitcoin price climbed above the 23.6% Fib retracement level of the downward move from the $21,074 swing high to $20,250 low. On the upside, an immediate resistance is near the $20,600 zone and the 100 hourly simple moving average. The first major resistance sits near the $20,700 level. There is also a major bearish trend line forming with resistance near $20,680 on the hourly chart of the BTC/USD pair. The trend line is near the 50% Fib retracement level of the downward move from the $21,074 swing high to $20,250 low. Source: BTCUSD on TradingView.com The next major resistance is still near $21,000. A clear move above the $21,000 resistance might start a fresh surge. In the stated case, the price may perhaps rise towards the $22,500 resistance zone. More Downsides in BTC? If bitcoin fails to clear above the $20,700 resistance zone, it could start another downward move. An immediate support on the downside is near the $20,400 zone. The next major support is near the $20,250 zone. The main support sits at $20,000, below which there is a risk of a larger decline. In this case, the price may perhaps decline towards the $19,200 level. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $20,400, followed by $20,250. Major Resistance Levels – $20,600, $20,700 and $21,000.
A spokesperson from Huobi Global says rumours of layoffs are “untrue” and the “senior management team is performing their duties as per normal.”
I'm actually being serious in my title, and think there is a very real possibility of moons going on a run it's never experienced before if Twitter does integrate Doge. Assuming that Twitter eventually integrates Doge, here are my reasons Moons will benefit greatly: Both Twitter and Reddit are in the top 10 global social…
Read more
India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the taxability of crypto transactions to determine if the goods and services tax (GST) can be applied to them. Indian Crypto Exchanges to Provide Details of […]
LINK’s price shows strength as it attempts a major breakout from its range channel of over 180 days of accumulation as the price eyes a rally to $12. LINK could rally more as the price creates more bullish bias by breaking out of its range channel, but the price has struggled to regain more strength as Bitcoin (BTC) ranges. LINK’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Chainlink (LINK) has yet to see much volatility, considering how huge the project is and with a vibrant community. With the staking of Chainlink (LINK) fast approaching, we could see some fireworks for the price of LINK, considering it has been in accumulation for over 6 months. The crypto market is looking increasingly welcoming as many altcoins continue producing over 50% gains. The likes of DOGE have seen some great runs recently, rallying from a low of $0.055 to a high of $0.15, with many others as Chainlink (LINK), eyeing a major breakout. (Data from Binance) Related Reading: Bitcoin Nearing Retest Of Realized Price, Will Bulls Break Resistance This Time? Chainlink (LINK) Price Analysis On The Weekly Chart. Chainlink (LINK) has struggled to regain its bullish momentum in recent times; despite the uncertainty that has befallen the crypto space, the price of LINK hasn’t enjoyed a measure of relief after showing some price action on a few occasions rallying from a low of $6 to a high of $9.3 on the weekly chart before suffering a rejection back to its range movement. The past weeks have been nothing short of a boring and difficult moment for the crypto market as this affected the price of most altcoins negatively, forcing them to lose their support zone, with others battling it to stay afloat of their price. After its weekly close of above $7.7, LINK’s price looked stronger as the price of LINK geared up for more upside price moves.; the price has faced a minor rejection to break higher to a region of $9.5. Weekly resistance for the price of LINK – $9.5. Weekly support for the price of LINK – $6. Price Analysis Of LINK On The Daily (1D) Chart In the daily timeframe, the price of LINK continued to look strong as the price attempted a breakout from its range channel with good volume as the price of LINK targets a rally to a high of $12. The price of LINK needs to break and for support above $8.2 for the price to have a good chance to rally to a high of $12. Still, the price of ATOM faces a little rejection; the price of ATOM needs to break and hold above $14.5 for the price to become more bullish once more. The price of LINK faces a resistance to break and hold above its range channel resistance of $8.2; a close above this region will be welcoming for a price rally. Daily resistance for the LINK price – $8.2. Daily support for the LINK price – $7.3 Related Reading: Why The Dogecoin And Meme Coin Rally May Not Be Over Just Yet Featured Image From zipmex, Charts From Tradingview