The list of our winners for our Reward campaign with $PRNT is out.
Find your wallet in our Google Sheet 👇
In case you missed it, here's our process for finding the winners for Rewards campaigns: https://t.co/oGih8244Vh
Crypto stories from today:
- Michael Saylor hints MicroStrategy is buying more bitcoin, announcement expected tomorrow
- Unverified claims UAE owns $40 billion of bitcoin
- Interpol issues Red Notice for Hex founder Richard Heart for tax fraud and assault allegations
What do you harness as a CoW AMM liquidity provider?
🐮 Efficient LP rebalancing strategy
🐮 Swap Fees
🐮 Swap Surplus
🐮 $BAL rewards
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#BTCUSDT Bullish September+Q4 Ahead!
Here’s a breakdown of the key elements and potential trading ideas based on the chart:
# Key Observations:
1. Descending Channel Formation:
The price action is moving within a descending channel, with clearly defined peaks (marked as 1, 2, 3, 4, 5, and a possible 6) and troughs. The price seems to respect this channel, bouncing off both the upper and lower trendlines.
2. RSI Divergence:
The RSI (Relative Strength Index) at the bottom of the chart is showing a bullish divergence. While the price has made lower lows, the RSI is making higher lows, indicating a potential reversal or a weakening bearish momentum.
3. Two Scenarios Outlined:
- Scenario 1: A breakout above the upper trendline, leading to a potential rise towards the resistance zone around the $70,000 level. This is supported by the drawn path, suggesting a bullish move if the breakout is confirmed.
- Scenario 2: A pullback to the support area around $55,000 - $54,000, before a bounce that could either break the descending channel or test the upper boundary again.
4. Volume Consideration:
The consistent volume could signify accumulation or distribution phases, depending on the context of the breakout or breakdown.
# Trading Idea:
Given the current technical setup:
- Bullish Scenario (Long Trade):
- Entry: Enter a long position on a confirmed breakout above the upper trendline, ideally above $62,000 with a daily close above this level.
- Target: The initial target could be around $68,000 to $70,000. Further targets can be set at key Fibonacci extensions or psychological levels such as $75,000.
- Stop Loss: Place a stop loss just below the breakout point, around $60,000 to $59,500, to protect against a false breakout.
- Bearish Scenario (Short Trade):
- Entry: Enter a short position if the price fails to break out and instead pulls back towards the support zone around $55,000.
- Target: Target the lower end of the channel, potentially around $47,000 to $45,500.
- Stop Loss: Place a stop loss above the upper trendline, around $62,500, to protect against a sudden breakout.
- Neutral (Wait and Watch):
- Strategy: If the price remains within the channel without any clear breakout or breakdown, it might be prudent to wait for a clearer signal.
This could involve waiting for a decisive move outside of the channel or for confirmation via volume and RSI divergence resolution.
Ensure that positions are adjusted according to evolving market conditions and use proper risk management.
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Thank you
#PEACE
Last 24 hours of the $SWIRL presale on #SolPad.
Legit known team coming from traditional business, having Justin Tyler ex marketing at Twitter and Nike as advisor.
Next gen social trading app to be launched soon, with revenue streams, portfolio tracking, educational materials, trading and analytical tools, monetization possibilities, leaderboards and more.
Built on 🔥 #Solana 🔥!
https://t.co/WiDvjyBd7z
[#CRYPTIA 2021: THE THEN, NOW, AND LATER]
With a lot of events happening, it is easy to forget where we are heading.
Thus, we created this #Infographic to sum up what we have done and will be doing until the end of 2021.
☑️ Done
➡️ Under Construction
#play2earn#gamedev
ACP-77: Reinventing Subnets
✅ Allows Subnets to have more sovereignty
✅ Enforce any arbitrary requirement for joining the the validator set
✅ Full control over staking rewards
Check ACP-77 on Avascan 👇