I guess all of you guys may have been contacted by message here in Reddit by someone asking to verify/connect your wallet…. Well. Below my experience. I let the guy lose a solid 2 hours… first contact around 10.15 he ask me about verify my wallet I thank him, telling that I’m desperate and I…
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Bitcoin price traded to a new weekly low before reversing losses against the US Dollar. BTC broke $19,500 and might rise further towards $20,500. Bitcoin is up nearly 5% and there was a clear move above the $19,500 resistance zone. The price is trading below above $19,500 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $19,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing bullish signs and might extend gains above $20,000. Bitcoin Price Starts Fresh Rally Bitcoin price extended losses below the $19,000 support zone. Yesterday, the US CPI data was released, which posted an increase of 8.2%. It pushed BTC price below the $18,500 support zone. The bears gained strength and the price dived to the $18,200 support zone. However, the bears failed to push the price further lower. A low was formed near $18,142 and there was a strong bullish reaction. The price gained bullish momentum and climbed above the $19,000 level. Bitcoin price cleared the 50% Fib retracement level of the downward move from the $20,443 swing high to $18,142 low. Besides, there was a break above a major bearish trend line with resistance near $19,150 on the hourly chart of the BTC/USD pair. The price is now trading below above $19,500 and the 100 hourly simple moving average. It is trading near the 76.4% Fib retracement level of the downward move from the $20,443 swing high to $18,142 low. Source: BTCUSD on TradingView.com On the upside, an immediate resistance is near the $20,000 level. A clear move above the $20,000 resistance might pump the price further higher. The next major resistance is near the $20,450 level. Any more gains might start a steady increase towards the $21,200 resistance zone. Dips Supported in BTC? If bitcoin fails to rise above the $20,000 resistance zone, it could start a downside correction. An immediate support on the downside is near the $19,500 zone. The next major support is near the $19,200 zone and the 100 hourly SMA. A downside break below the $19,200 support zone might increase selling pressure. In the stated case, the price could decline towards the $18,500 support zone. 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 in the overbought zone. Major Support Levels – $19,500, followed by $19,200. Major Resistance Levels – $20,000, $20,450 and $21,200.
The bot is based on an algorithm that is focused on aggregating different data sets from OpenSea to determine the supposed “fair price” of an NFT.
Recent weeks have seen a dramatic increase in social mentions of Chiliz, data compiled by LunarCrush show. Its token’s 90-day high made it big in the latest social mentions. Market insights tracker LunarCrush cited this figure (9.46k) as one indicator to keep an eye on when considering an investment in Chiliz. The approaching 2022 FIFA World Cup may help explain the increase in social media buzz. This is due to the fact that the CHZ token has a practical application in the realm of sports. Will the increase in social media references lead to an upswing with less than a month until the start of the much-hyped global sports spectacle? As of this writing, CHZ is trading at $0.193980, down 9.5% in the last seven days, data from Coingecko show, Friday. Related Reading: Cardano Drops To Lowest Level In Last 7 Days – ADA Bracing For Further Decline? If you are looking for interesting projects to invest in, watch out for social activity eruptions, especially before price. E.g Keep a close eye on #chiliz. $chz social mentions measured daily hit 9.46K, the highest point in the last 90 days! Insights: https://t.co/S4Hd87jv4R pic.twitter.com/wLXeapUueD — LunarCrush (@LunarCrush) October 12, 2022 Chiliz Jargon And All The Talk Data provided by CryptoQuant shows that CHZ’s foreign exchange reserves have decreased by 0.72% over the last seven days. The fact that investors appear to be buying CHZ with the intention of keeping it for the long term is a very optimistic indicator. The high number of persons depositing to exchanges , which can be observed with the exchange depositing transactions tool, more than makes up for this. Chart: TradingView Previous and current price movements exhibit a head-and-shoulders harmonic pattern, which typically occurs just prior to a trend reversal. In both intraday and 4-hour periods, the coin is currently experiencing a significant free fall. Chaikin’s money flow indicator likewise deteriorates, falling to -0.34 as well. A sign that bears are dominant in the current time frame. The bull-bear strength signal is negative, and bears are currently attacking the market. With the present speed of the wild decline, a trading day close below the 61.80 Fibonacci level is anticipated. Can CHZ Still Spice Up The Situation? CHZ is presently in one of the worst possible situations for a cryptocurrency. With the $0.28 resistance displaying strength and the $0.18 support line having been breached, a decline towards the key $0.14 level is expected. However, if the 61.80 Fibonacci level mitigates the present slump, the $0.18 or $0.21 immediate resistance levels could be tested or broken. Things don’t seem to look good for the bulls at this moment. Long-term investors are in trouble as this decline has broken the ascending triangle pattern. The 20-day to 100-day DEMA all support this tendency. As the FIFA World Cup approaches, a trend shift may occur during the next few weeks. Related Reading: Terra Coin Price Balloons 30% – But Can LUNA Reach Higher Terrain? CHZ market cap at $1.16 billion on the daily chart | Featured image from The Coin Republic, Chart: TradingView.com Disclaimer: The analysis represents the author’s personal views and should not be construed as investment advice.
Mastercard has outlined five key crypto areas it is working on in order to “turn cryptocurrencies into an everyday way to pay.” A Mastercard executive opined: “Someday soon, the ability to own and spend a digital currency could be as seamless as making a contactless card payment.” Mastercard Focusing on 5 Major Areas Covering Crypto, […]
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SOL price struggles as $30 support failed to hold, with many buyers sweating on their open SOL position. SOL price breaks below 50 and 200-day Exponential Moving Average; the price continues its range around the $30 mark. The price of SOL could restest $24-$16 if the price maintains a bearish structure. The price of Solana (SOL) has struggled recently to reclaim its bullish strength against tether (USDT) but was unable to as the price hit a new fresh rock. The crypto market faced a new drawback as Bitcoin (BTC) price dropped from a region of $19,000 to $18,100 as the Consumer Price Index (CPI) suggested an increase in inflation affecting the price of BTC negatively with Solana (SOL) not left out of the equation as price lost its key support. (Data from Binance) Related Reading: Bitcoin Dominance Rises As Market Turns Red, What Does This Mean For Altcoins? State Of The Market After exhibiting relief bounces and the crypto market cap appearing poised to rally to a high with the hopes of altcoins joining the party, this was cut short as many altcoins experienced a price decline, with many losing key support and more at risk of falling as the price of Bitcoin Dominance (BTC.D) continues to rise. Solana (SOL) Price Analysis On The Weekly Chart. The first week of October saw many altcoins showing significant strength as the rally, with others producing double-digit gains combined with the fact that BTC.D was down at the time. As a result, there was little Bitcoin effect during the price retracement. The price of SOL in recent weeks has protected the region of $30 as the price rallied away from this region to avoid breaking this zone. SOL’s price held this support zone to avert the possibility of turning this strong support into resistance. After BTC saw its price rejected to a low of $18,200, the price of SOL lost this support but quickly bounced from this region to reclaim its support at $30. Weekly resistance for the price of SOL – $34. Weekly support for the price of SOL – $30. Price Analysis Of SOL On The Daily (1D) Chart The daily timeframe for SOL price faced rejection at $34 as the price could not break above and has struggled to flip this region into support. The price continued to move below $34 before the price was met with a rejection to a region of $28 as the price bounced off this region to reclaim $30. If the price of SOL loses this region of support, we would most likely see the price drop to a low of $24-$20 The price of SOL trades at $30 as the price bounced off after a drop to $28. SOL’s price trades below the 50 and 200 Exponential Moving Averages (EMA) as the price needs to flip 50 EMA to resume a short-term bullish trend. Daily resistance for the price of SOL – $34. Daily support for the price of SOL – $30-$28. Related Reading: Why Crypto Market Sentiment May Present A Unique Buying Opportunity Featured Image From Pymnts, Charts From Tradingview
A group of Stanford University blockchain researchers divided the crypto community few weeks with a research proposal that would entertain the possibility of creating reversible transactions on Ethereum. 🤔 But a question seeking for answers is this: If this proposal is passed, will it not jeopardize the ethereum concept of immutability? Your opinion is needed…
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Jonathon Miller, managing director of cryptocurrency exchange Kraken in Australia says despite NFT volumes plunging, the company remains “bullish on the NFT space.”
Meme Team x Reddit Collectible Avatars There are 480,753 Meme Team x Reddit Collectible Avatars owners, owning a total supply of 481,329 tokens. NFTs sold (last 7 days) : 56 Average Price (last 7 days): $34 USD Floor Price : 0.014 ETH Top 3 All-Time Sales: Meme Team #390477 sold for 0.15 ETH ($178 USD)…
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