Crypto Watchlist for the week ahead:
$LINK - Chainlink Staking v0.2 will go live on Nov. 28
$ATOM - ATOM Halving proposal was approved + other token upgrade proposals will be made soon
$DYDX - $524M worth of DYDX will be unlocked for investors & team on Nov. 28. Yet those tokens will be unlocked on the DYDX chain, which is not supported by CEXs yet
$FXS - FXS Halving will happen on Dec. 20 + FraxChain is coming in January + frxETH V2 audit was completed. FraxChain is an upcoming L2 with decentralized sequencers, native yield, and other unique features
$SUI - $48M worth of SUI (8% of its supply) will be unlocked next week
$VRTX - Vertex just surpassed dYdX in trading volume following the launch of its ARB incentives program. VRTX can be staked to earn 30-50% of the protocol revenue
$EMP - the opening up of EmpyrealSDK'S API will happen next week. The SDK will enable devs to easily build dApps & bots by leveraging it
And that's it for this week.
If you enjoyed reading this, a like + retweet would be much appreciated🫡
$LINK - Chainlink Staking v0.2 will go live on Nov. 28
$ATOM - ATOM Halving proposal was approved + other token upgrade proposals will be made soon
$DYDX - $524M worth of DYDX will be unlocked for investors & team on Nov. 28. Yet those tokens will be unlocked on the DYDX chain, which is not supported by CEXs yet
$FXS - FXS Halving will happen on Dec. 20 + FraxChain is coming in January + frxETH V2 audit was completed. FraxChain is an upcoming L2 with decentralized sequencers, native yield, and other unique features
$SUI - $48M worth of SUI (8% of its supply) will be unlocked next week
$VRTX - Vertex just surpassed dYdX in trading volume following the launch of its ARB incentives program. VRTX can be staked to earn 30-50% of the protocol revenue
$EMP - the opening up of EmpyrealSDK'S API will happen next week. The SDK will enable devs to easily build dApps & bots by leveraging it
And that's it for this week.
If you enjoyed reading this, a like + retweet would be much appreciated🫡
Binance will delist the following tokens on December 07, 2023.
🔸 $BTS
🔸 $PERL
🔸 $TORN
🔸 $WTC
🔸 $BTS
🔸 $PERL
🔸 $TORN
🔸 $WTC
🚨🚨 JUST IN: 🇺🇸 SEC delays $1.5 trillion asset manager Franklin Templeton's spot #BitcoinETF application.
👍1
RVN analysis:
On the daily timeframe, there is a significant falling wedge pattern, and the price has already surpassed it. Currently, RVN is oscillating between the support and resistance areas. It is advisable to wait for a distinct breakout above the resistance area or a test of the support zone before considering new entries.
Support Area: $0.01570-$0.0164
Resistance Area: $0.0195-$0.0202
On the daily timeframe, there is a significant falling wedge pattern, and the price has already surpassed it. Currently, RVN is oscillating between the support and resistance areas. It is advisable to wait for a distinct breakout above the resistance area or a test of the support zone before considering new entries.
Support Area: $0.01570-$0.0164
Resistance Area: $0.0195-$0.0202
#TRX / USDT : Chart Analysis
TF : 4h
Current Price : $0.1033
Trend : Uptrend , HHs & HLs structure formation above 200 Ema .
-Price respecting Trendline look for Long position near 200Ema .
-Anticipating a Bullish Momentum till $0.109 Level .
Plan :
-Entry : $0.1033
-Target : $0.1095
-SL : $0.0995
TF : 4h
Current Price : $0.1033
Trend : Uptrend , HHs & HLs structure formation above 200 Ema .
-Price respecting Trendline look for Long position near 200Ema .
-Anticipating a Bullish Momentum till $0.109 Level .
Plan :
-Entry : $0.1033
-Target : $0.1095
-SL : $0.0995
1⃣Hold 1,000 $MX
2⃣In the APP, go to #Kickstarter and #Launchpad
3⃣Quick Commit to grab them all!
tamilbtc.com/mexc
2⃣In the APP, go to #Kickstarter and #Launchpad
3⃣Quick Commit to grab them all!
tamilbtc.com/mexc
Educational Post
The simple moving average (SMA)
The SMA takes data from a set period of time and produces the average price of that security for the data set. The difference between an SMA and a basic average of the past prices is that with SMA, as soon as a new data set is entered, the oldest data set is disregarded. So if the simple moving average calculates the mean based on 10 days worth of data, the entire data set is constantly being updated to only include the last 10 days.
It's important to note that all data inputs in an SMA are weighted equally, regardless of how recently they were inputted. Traders who believe that there's more relevance to the newest data available often state that the equal weighting of the SMA is detrimental to the technical analysis. The exponential moving average (EMA) was created to address this problem.
Pin our channel on top to never miss a signal or educational post. @tamil_btc
The simple moving average (SMA)
The SMA takes data from a set period of time and produces the average price of that security for the data set. The difference between an SMA and a basic average of the past prices is that with SMA, as soon as a new data set is entered, the oldest data set is disregarded. So if the simple moving average calculates the mean based on 10 days worth of data, the entire data set is constantly being updated to only include the last 10 days.
It's important to note that all data inputs in an SMA are weighted equally, regardless of how recently they were inputted. Traders who believe that there's more relevance to the newest data available often state that the equal weighting of the SMA is detrimental to the technical analysis. The exponential moving average (EMA) was created to address this problem.
Pin our channel on top to never miss a signal or educational post. @tamil_btc
1/🚨Big update in crypto from the Indian🇮🇳 parliament.
a) Existing AML & CFT guidelines now apply to foreign crypto exchanges serving the Indian market.
b) Registration process initiated for offshore Virtual Digital Asset (VDA) service providers, akin to foreign exchanges.
c) Major action will be taken against offshore exchanges if found non compliant.
a) Existing AML & CFT guidelines now apply to foreign crypto exchanges serving the Indian market.
b) Registration process initiated for offshore Virtual Digital Asset (VDA) service providers, akin to foreign exchanges.
c) Major action will be taken against offshore exchanges if found non compliant.
1. $ETH Staked Realized Price Breakout: The surge in Ethereum's value is attributed to a breakout in the realized price of staked ETH.
2. Deflationary Phenomenon Intensifies: Ethereum is experiencing an intensification of deflationary factors, contributing to its upward trajectory.
3. Grayscale Ethereum Trust Premium Gap Narrowing: The narrowing gap in the premium of Grayscale Ethereum Trust adds to the overall positive sentiment, influencing the rise of $ETH.
2. Deflationary Phenomenon Intensifies: Ethereum is experiencing an intensification of deflationary factors, contributing to its upward trajectory.
3. Grayscale Ethereum Trust Premium Gap Narrowing: The narrowing gap in the premium of Grayscale Ethereum Trust adds to the overall positive sentiment, influencing the rise of $ETH.