​​#MATIC will Be Talking About Their Upcoming MainNet & Staking in The AMA

Keep an Eye on MATIC

​​Is Verge (XVG) Marching Towards a Bullish Weekend?

While the pandemic is still not stopping its rise of the death toll in many major economies, a few countries are slowly lifting the lockdown. Because of this or just because the market is desperately waiting for a bullish cycle, the coins are seeing an escalation in their prices these days.

As April came to an end, Bitcoin’s price jumped from $7900 to $9301, noting a weekly high price mark. This also happens to be a one-month high price level for the coin. Once again, the leading coin has increased investor’s hopes; let’s see where it takes the whole market this time. Following BTC’s lead, XRP too has managed to trade above $0.21; the altcoin went above $0.23 just yesterday, hitting a monthly high price level.

Verge Price Analysis
In order to maintain its pace, XVG coin has attempted to target the $0.0034 price level though it faced rejection at $0.00335. The coin had risen from $0.0028, with an increase of 17.75%. Before that, Verge kept spending the week on a bit lazy note around $0.0029.

However, after the price rise, the following price corrections have decreased the intensity of bulls. The pullback has cost it a loss of 12.53%, which is why it came down to the price range of $0.0029 today morning. The XVG coin is holding a stable RSI while the MACD chart has just formed a bearish crossover.

Showing a bit of contradiction to its first chart, Verge holds a bullish technical indicator in this one. The moving averages are in the positive zone as the 50-day SMA line is above the 200-day SMA line. Here, the XVG coin has just traced a dip below its 61.80% Fib level, and now, the coin is trying to drift the trend above the 50% Fib level. Moreover, the Bollinger bands are slowly coming back to stability after it saw quite a bit of volatility on the positive side.

​​Well so far the fractal has been in play, not identical, but the steps seem to be the same this time. Assuming it's real, think a max of around 9250 (could be it has been reached already). So if it gets above like 9300ish, think maybe it's off the table.

So this would suggest another retest of 8600/8800. If it follows the same pattern, it should make a drop where it should trigger like a bearish signal, to of course lure in shorts again, because that is what is needed to get this market upwards.

Do not stare/follow this fractal blindly!

​​$ETC
Hit 1D R level and now consolidating.
$6.966 Daily Support + 4H Support looks strong to Long ETC.
If it holds - $8.8 on the table.
Clear invalidation if drops and closes below $6.437.
Keep it simple.
Watch for PA on LTF (1H-15m) at the support.📈

​​According to a new study by CoinMarketCap, the number of female and youth users has increased significantly compared to the previous quarter.

A drastic drop in user traffic from China was also noted.

⁠Bitcoin Price Retraces to $8.5K Going Into Last Week Before Halving

Bitcoin price is consolidating below the recent $9.5K high, but which way will it go with less than eight days before the BTC halving?

​​ETH Bull Trap or Bull Breakout for BITMEX:ETHUSD by botje11
In my previous analysis i showed to wedges for ETH, as you can see on the left now as well. What i said in my previous analysis:📈

​​Bitcoin April 2018 Fractal, Great Road Map so Far for COINBASE:BTCUSD by botje11
I have been posting this fractal the past week since the rally, and so far it has been playing out almost the same. The details are not exact,

​​$ETC
Trade invalidated, but the idea still valid.
Price hit next support zone and bounced. Reclaim $7.08 as support will send ETC to Swing High and to higher targets we mentioned.

​​Ethereum Price Analysis: As ETH/USD Bullish Interest Returns, $220 Achievable In the Short Term?
Ethereum price launches a fresh a breakout to $220 after reclaiming support above $200. ETH/USD bulls mist target to break

​​#ERD Big News 🚀

​​Dow is loosing momentum a bit again. Potential again. Channel on the right looks real (this chart is delayed by the way). It broke already, so if we see a retest now but stay below the channel, it could become something.

On the left, showing a possible H&S. Key zone is that green level there. A big fast break of that could mean the high is set again and what i mentioned in the previous update is in play again. So far though, price action is slow as F, which usually means bulls are in favor.

​​TRX began to fall shortly before the JUST IEO. Tron price has decreased by ~4%.

​​Richard Heart: HEX.win did 115x price!🚀M⬣⬣N
In 20 hours https://twitter.com/hashtag/Bitcoin?src=hash paid to miners is cut in half from 12.5 to 6.25 https://twitter.com/hashtag/BTC?src=hash per 10 minutes. This gets cut in half again in 4 years. https://twitter.com/hashtag/Satoshi?src=hash invented the first two https://twitter.com/hashtag/Pumpamentals?src=hash

Tezos ($XTZ) is now available for Staking on Bitfinex.

https://twitter.com/bitfinex/status/1259819014236364800

​​Hot Scandals, Business Giants, Halvation and 20 Crypto Jokes

It was a fun, pre-halving week. Coinbase analyst said that we shouldn't count on banks to invest in crypto, and options traders appear to be skeptical about current ETH price. Business giants join a new consortium to help firms ‘manage digital assets’, Blockstream updated their BTC satelite network, and supply chain professionals are keen on blockchain technology. Bittrex will launch its own token in June, while BTCSHORT launched on Ethereum network. Meanwhile, the Cryptoverse had a question for the new Bitcoin star Paul Tudor Jones, while Tron and Justin Sun became a centre of a scandal.

As Petro went offline for maintanance, and registration fees forced BitKassa out of business, European money printer goes brrr program ran into a problem, and Telegram seems to be cutting all ties with the American investors. However, Europe’s biggest nuclear station might give electricity to BTC miners. Meanwhile, BTC had another mainstream moment, and PewDiePie left DLive for YouTube. We compared BitPay vs BTCPay, and we repored on six halving scenarios and three halving narratives.

And now – the best jokes of the week!


Hello, CT, my old friend. I've come to see how you're doing again.

⁠Ashton Kutcher Participates in Lolli’s $3M Seed Round

Notable entrepreneurs are backing the seed funding round led by Pathfinder that aims to strengthen Lolli’s app.

​​UN Paves Path for Sustainability in Seafood Industry Using Blockchain

The United Nations has released a report to raise governmental and international awareness for blockchain’s application in the seafood value chain.

​​KuCoin will host LUKSO (LYXe) initial exchange offering on May 20. This will be the first public offering on KuCoin since August 2019. KuCoin will offer $200K allocation of LYXe as part of LUKSO presale. LUKSO will offer another public sale in from of reversible ICO on May 27, according to the blog post. The details are not available yet.

​​That tred line broke earlier today, but price barely dropped, creating like a small bear trap. However, price also went up a little bit.

Just now, the 4H candle closed, but the last 5 min or so the price got pumped, giving a buy signal to whoever uses these signals (could be a lot of bots for example). Only minutes after the close price dropped again.

So based on this, if feels a bit as if distribution is going on here. Trying to keep price high as much and as long as possible.

But the big bear flag on the left, is not really a bear flag again, it should have dropped yesterday during that big drop. But as mentioned in the updates, big chance it would not. So, in general we can see, this all sucks big time. I do think, the 8620, where that small trap was made, might be a level to watch, if it breaks, could see more downward movement.

Think it is clear now, everything between 8950 and 8500 is neutral/noise. I am afraid, we might even need to see a daily candle close above 9000 or below 8200/100. But the problem of course then is, it's not like the whales will close the candle at 9005, and then wait for us to be able to go long or same shit on the down side. Very big chance, if we see a direction chosen, it will squeeze through, so forcing us to decide in this shit zone.

Now i know they do that on purpose, because this way, they can continue to distribute or accumulate while hunting stops in this 8200/9100 zone. So we are forced to know which way it will go upfront. Based on the moves from past hours as described above, i would say it's gonna drop. Also, because ETH is in bad shape if it can't break the 200ish (where 195 is also a big resistance already).

Maybe the biggest reason why i think carefully thinking of bearish movement. We have those 3 big wicks at the 8100/8300. If whales were bullish here, they should have had enough volume already to fill up longs. They why is it taking so long and why are they doing these small tricks to move up price slowly?

So to be clear, this sucks, yesterday it looked like a move was coming, but then seeing it being pumped again. Now, it's like 50/50. For me, it's like 55/45 in favor of bears, so just not sure. We have a range here at 8825/7725, maybe that will give an answer. There is a scenario though, even if we break up, if it wicks up and down again, then a big chance my theories above are correct and we could continue to dump coming days. I would also watch ETH, 195 is a big level and think 200ish is the key level

​​IBM is upgrading its enterprise blockchain solution to provide clients with a new decentralized governance option that will allow transaction parties to propose and amend smart contract parameters.