I have a younger cousin. He’s 20 and in his sophomore year of college. Over Thanksgiving, when we were away from the rest of our family, he told me he set up a coinbase account and was putting $10-$20/week into crypto. He knew I was into crypto and asked me for some advice because he…
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After setting up your own node and following security best practices: What could possibly happen to your stake in case your node gets owned? Is there any way to change the address rewards are being sent to? Could an attacker modify the node to the effect that you‘re getting slashed until your stake is gone?…
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As the title suggests, similar to what happened to FTX (everyone withdrew their money and they couldn’t cover everyone 1:1) could this happen with our central banks? And if so, what would happen? Here in Canada banks are insured by the CDIC up to 100k per account, could they cover that though for everyone? What…
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It’s been 16 days since FTX filed for Chapter 11 bankruptcy protection in the U.S. and the former FTX CEO Sam Bankman-Fried (SBF) is allegedly still hunkering down at his seaside resort in the Bahamas. This weekend, the Youtuber known as Bitboy decided to fly down to Nassau in order to question SBF about the […]
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Forming the backbone of the Ethereum Blockchain, EVM provides developers with a run-time environment to build DApps and other applications.
After sustaining bullish price action for the past two days, the Uniswap price has registered a shift in its price movement. With a 0.9% loss in the last 24 hours, price sentiment has shifted toward the bears. At press time, Uniswap has struggled to move past its rigid resistance mark of $4.50. There is a chance that investors could book profits if UNI moves past the aforementioned price level. The coin has, however, struggled at its immediate resistance of $5.49. Uniswap has to flip the critical resistance into the support zone to move up to its next price ceiling of $6. If Uniswap price does not sustain above $5.49, then the altcoin could lose the support floor at $4.99. That would invalidate the bullish momentum, bringing the coin down to the next level. Related Reading: Chainlink Extends Accumulation By 200 Days; Will Bulls Push For A Breakout? Uniswap Price Analysis: One-Day Chart UNI was trading at $5.46 at the time of writing. The coin had almost breached the $5.49 price level, but the coin met with a sell-off. If the cryptocurrency fails to trade above $5.49, it will lose momentum. Buyers have to take precedence if the bearish momentum has to be negated. Overhead resistance stood at $5.70, and moving above that would help the altcoin climb to $6. In the event of a downward trend, UNI will remain at $4.70 for some time before moving further. The amount of UNI traded in the last session increased, signifying an increase in demand. Technical Analysis Buyers have increased over the past trading sessions, although the indicators remain below the neutral zone. This is an indicator that the market has yet to register substantial demand. The Relative Strength Index was above the 40 mark, signifying that sellers were still active. If the buyers take charge in the next trading session, UNI will turn bullish again. Regarding buying strength, UNI was below the 20-Simple Moving Average line, which meant that sellers were driving the price momentum in the market. The De-Fi token has to flip $5.70 to a support line, so the bulls register a considerable upswing price. UNI has not yet broken free from the grip of the bears, as the coin indicated the presence of a sell signal on the one-day chart. The Moving Average Convergence Divergence displays price momentum and changes in trends. MACD was still forming red signal bars, which correspond with a sell signal. The Directional Movement Index (DMI) was negative as the -DI (orange) line was above the +DI (blue) line, which pictured a bearish trend. The average Directional Index (red) ran above the 20-mark to signify strength in the bearish thesis. Should the bearish thesis be invalidated, a jump above $5.49 remains crucial. Related Reading: Bitcoin Price Recovery; Vital Levels To Keep An Eye On Featured Image From UnSplash, Charts From Tradingview
submitted by /u/nelsonmckey [link] [comments]
Ben Armstrong, alias Bitboy, is an infamous scammer in the crypto space with over a million followers on Twitter. He is known for undisclosed shilling and pump and dump schemes, so normally I only mention his name when I highlight his scams. That is still true, of course, so please don't take Bitboy's advice in…
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