💎Ethereum mining revenue by month
In August 2022, #Ethereum mining revenue increased 14.6% over the revenue reported in July: $596 million - > $683 million. The increase is primarily due to the rise in the price of $ETH .
In August 2022, #Ethereum mining revenue increased 14.6% over the revenue reported in July: $596 million - > $683 million. The increase is primarily due to the rise in the price of $ETH .
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Polygon has teamed up with Axelar network, a secure communication layer that connects Web3 ecosystems, to enhance secure cross-chain communications of Polygon Supernets.
https://blog.polygon.technology/polygon-axelar-partnership-to-expand-interoperability-of-polygon-supernets/
https://blog.polygon.technology/polygon-axelar-partnership-to-expand-interoperability-of-polygon-supernets/
Polygon Labs
Polygon Blog | Announcements, updates, and news
Get the latest ideas, announcements, partnerships, and Web3 news emerging from the Polygon ecosystem.
5_716337030996426832.pdf
1.2 MB
Read, The E- Book of Technical Market Indicators 2.0
What you need to know about Inversed Head and Shoulder Pattern?
✅An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted.
✅It is used to predict reversals in downtrends.
✅Investors typically enter into a long position when the price rises above the resistance of the neckline.
✅An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted.
✅It is used to predict reversals in downtrends.
✅Investors typically enter into a long position when the price rises above the resistance of the neckline.
What you need to know about ascending triangle and Imbalance Candle?
✅An ascending triangle is a bullish formation that could be use to spot a reversal price action.
✅The Trend support is formed by a successive higher high.
✅A good entry set up is always on a breakout retest for confirmation to avoid fake out.
Imbalance Candle:
✅An imbalance candle is a price action that is overpowered by either seller or buyer. It creates a long gap between the previous and proceeding candles.
✅The price usually fill this zone to make it balance at any given time.
✅An ascending triangle is a bullish formation that could be use to spot a reversal price action.
✅The Trend support is formed by a successive higher high.
✅A good entry set up is always on a breakout retest for confirmation to avoid fake out.
Imbalance Candle:
✅An imbalance candle is a price action that is overpowered by either seller or buyer. It creates a long gap between the previous and proceeding candles.
✅The price usually fill this zone to make it balance at any given time.
📖Quick Technical Analysis Education
Trendline
✅A trendline is a line drawn through a chart to show the trend of the Market.
✅The classic way to draw trendline is by drawing a straight line connecting a series of swing highs or swing lows.
✅An up-trend line is drawn through the swing lows and a down-trendline is drawn through the swing highs. In that way the trendline is acting as support to an uptrend
Trendline
✅A trendline is a line drawn through a chart to show the trend of the Market.
✅The classic way to draw trendline is by drawing a straight line connecting a series of swing highs or swing lows.
✅An up-trend line is drawn through the swing lows and a down-trendline is drawn through the swing highs. In that way the trendline is acting as support to an uptrend
📖Quick Technical Analysis Education
MA200
✅The 200-day Moving Average is a technical indicator used to analyze and identify long term trends. Essentially, it is a line that represents the average closing price for the last 200 days.
✅It is used as dynamic support and resistance of an asset.
🔴Below MA200= The sentiment is bearish
🟢Above MA200=The sentiment is Bullish
MA200
✅The 200-day Moving Average is a technical indicator used to analyze and identify long term trends. Essentially, it is a line that represents the average closing price for the last 200 days.
✅It is used as dynamic support and resistance of an asset.
🔴Below MA200= The sentiment is bearish
🟢Above MA200=The sentiment is Bullish
📖Quick Technical Analysis Education
Double Bottom
🔸A double bottom is a pattern creates a W-shaped movement. It indicates that after two lows, there will be a significant increase in price after a confirmed breakout on its neckline.
🔸This is also called a reversal pattern from downtrend to uptrend
📝Simple steps to Identify double bottom:
✅Identify the two distinct bottoms of similar width and height
✅Distance between bottoms should not be too small - time frame dependent
✅Confirm neckline/resistance price level
Double Bottom
🔸A double bottom is a pattern creates a W-shaped movement. It indicates that after two lows, there will be a significant increase in price after a confirmed breakout on its neckline.
🔸This is also called a reversal pattern from downtrend to uptrend
📝Simple steps to Identify double bottom:
✅Identify the two distinct bottoms of similar width and height
✅Distance between bottoms should not be too small - time frame dependent
✅Confirm neckline/resistance price level
📖Quick Technical Analysis Education
Ranging Market
✅A ranging market is a market structure where the prices move back and forth between a price range of a high price level and a low-price level.
✅The highest price level is formed with a resistance line, whereas the lowest price level is formed with a support line.
✅Traders depend on these lines to place ideal entry or exit orders in the market.
Ranging Market
✅A ranging market is a market structure where the prices move back and forth between a price range of a high price level and a low-price level.
✅The highest price level is formed with a resistance line, whereas the lowest price level is formed with a support line.
✅Traders depend on these lines to place ideal entry or exit orders in the market.
BTC Quick Take:
🔸Bitcoin has been in a sideways trend since its drop in November 2021. The key levels to watch are still 18k for resistance and 15k for support.
🔸Another important level to consider is the EMA100 which serves as its Daily chart dynamic resistance.
🔸Currently, the price is flat and it appears that there is not much demand in the market. If there is a shift in volatility, it is likely that the price will either test the lower range again or try to reach the upper range
🔸Bitcoin has been in a sideways trend since its drop in November 2021. The key levels to watch are still 18k for resistance and 15k for support.
🔸Another important level to consider is the EMA100 which serves as its Daily chart dynamic resistance.
🔸Currently, the price is flat and it appears that there is not much demand in the market. If there is a shift in volatility, it is likely that the price will either test the lower range again or try to reach the upper range
#EOS moves between the support and resistance level and if it can break the resistance level, it will follow path 1
#USDT is moving in a rising wedge, which is getting closer with each candle close. A rising wedge is technically a bearish pattern.
might see a last upward trap to take liquidity above the equal highs before the breakdown of the rising wedge.We've to keep an eye on a high volume breakdown to confirm a downward direction in USDT to hit the lower marked horizontal support .
might see a last upward trap to take liquidity above the equal highs before the breakdown of the rising wedge.We've to keep an eye on a high volume breakdown to confirm a downward direction in USDT to hit the lower marked horizontal support .