Bitcoin is continuing its upward movement and has tested the resistance area. However, there was a sharp rejection at the resistance area, leading to traders taking profits. This correction is considered healthy and we may expect some sideways movement now.

Support Area: $59,500-$60,000

Resistance Area: $64,500-$65,000

#BTC tapped into the resistance area with a clean closing of $64,000. You can see how resistance area working well, price got a strong rejection from the zone making strong bearish candle. Still, we can expected the price to hodl above $60,000. and move higher.

Mt. Gox moved 44,527 $BTC(2.84B) to an internal wallet 5 minutes ago, which may be preparing for repayment.

After the German government, Mt. Gox is now moving BTC for repayments. Bitcoin is experiencing a dip due to this, but don't worry – this phase will also pass soon.

#GOLD UPDATE:

#GOLD played perfectly and made a new Higher high and even break the drawn zone and broke the resistance too. Price did a retest back to the zone and again performed the same. Looks like price wants to get into the All-Time Highs, so wait for the further opportunities.

SOL continued its upward movement and reached the resistance area. The price dropped from there, and we might witness another test of the resistance area. A break above the resistance area indicates a bullish trend. Maintain your long position with a stop loss.

Resistance Area: $160-$165

Price below STH cost basis prompts analysis of financial stress in different age groups. 1d-1w, 1w-1m, and 1m-3m coins show average unrealized losses, indicating unproductive consolidation. Only 3m-6m group maintains unrealized profit (avg. cost-basis $58k), marking a key price level aligned with the correction's low.

What Is Shelley Phase?

The Shelley phase of Cardano was launched in July 2020 with the release of the Shelley code. The next phase – Goguen – focuses on smart contracts.
The Shelley Phase of Cardano aims to transform the protocol into a fully decentralized blockchain. It will improve the security and scalability of the network by introducing proof-of-stake consensus, delegation, and incentives schemes. This will allow users to stake their ADA tokens and vote on transactions.

A key component of the Shelley Phase is delegation, whereby ADA holders can delegate their stake to other participants on the network who are already running nodes. Those who run nodes are called 'stake pool operators', and when they operate a stake pool, they receive rewards for processing transactions.

The release of Shelley marks the first time the platform was completely decentralized, with network participants being responsible for maintaining the network and reaping the rewards for their participation.

The launch of Shelley opened up several exciting opportunities for Cardano users, including:

Rewards - Staking your ADA on the Cardano blockchain will allow you to receive rewards in ADA. The more ADA you stake, the more rewards you could earn.

Transactions - Staking your ADA makes transactions cheaper and faster.

Pooling - Staking pools allow you to pool together with other users to increase your chances of earning rewards while reducing risks.

Monitoring - The Ouroboros Praos algorithm enables real-time reporting on block production and performance.

Delegation - If you wish to generate rewards without participating directly in staking, you can delegate your ADA to another user who will stake on your behalf.

Cardano’s roadmap consists of five eras: Byron, Shelley, Goguen, Basho, and Voltaire.

Byron (2017)

Byron is the foundation era of Cardano. It started with the mainnet’s launch in 2017. Byron was named after Lord George Gordon Byron, an English Romantic Poet. This phase also included a balance check and reward system for staking pools. It was completed in February 2018.
Shelley (2019)

Shelley focused on decentralization and automation. It will include a treasury system to fund future development and support incentives for stake pool operators. Shelley was expected to be completed in 2019 but released in 2020. The Shelley era was named after Percy Shelley, an English poet.

Goguen (2020)

Goguen focuses on smart contracts and metadata standards for these contracts. It helps developers create decentralized apps on the Cardano blockchain by developing a high-assurance smart contract language called Plutus. The Goguen era is named after Joseph Goguen, a computer scientist who worked on mathematical semantics for programming languages and developed algebraic computation models, including abstract state machines.

NEAR has broken the resistance area and is now trading above it. Consider opening a small long position on a retest with a tight stop loss. There may be a continuation of the upward movement in the coming days.

Support Area: $5.50-$5.85

Resistance Area: $8.00-$8.50

#PRA
#TRX/USDT analysis -

The trend of #TRX is bullish. Bullish momentum is expected to continue further, and new highs will be tested. For a long entry, wait for the price to test the support zone near the 200 EMA.

TF : 4h
Entry : $0.1262
Target : $0.1428
SL : $0.1223
@RG_Analitics
Подписаться....

#GOLD ATH 🚀

Here's the Analysis of #VET :

#VET trading from level to level between major support at $0.022 and major resistance area of $0.033 - $0.034. Price already rejecting the zone and have to wait for clear indication.

RAY analysis:

Price is currently breaking out of the resistance area and undergoing a retest, signalling a potential continuation of the upward movement. Consider opening a long position with a tight stop loss.

Support Area: $1.83-$2.00

Resistance Area: $2.65-$3.00

#BTC respected the market structure point and again backed up into the resistance area. Still, not able to break the level but need to break of the resistance area now. Its good to see price is trading above $65,000, so we can expected further push later on.

The correction is over, and Bitcoin continues its upward movement. Mt. Gox transactions didn't affect the market much, and it looks like the bulls are back. The next resistance level is in the $69,000-$70,000 area, so let's see how the price reacts there.

#PRA
Crypto Fear & Greed Index: 69

Yesterday, the index was 65.

When the index surpasses 90, it signals a red flag, indicating a potential reversal at any moment.
When the index falls below 10, it suggests a green light, implying a potential reversal at any moment.

Note: This indicator reflects the overall market sentiment.
@RG_Analitics
Подписаться....

The TOTAL cryptocurrency market cap continues to move upward as expected. The market is moving up after Germany's selling and it looks like no sellers are left.

Resistance Area: $2.45-$250 Trillion

#TOTAL MARKETCAP UPDATE :

#TOTAL MARKETCAP pumped strongly and made a flip of resistance, and a close above will give the signs of bullishness. The next key area will be $2.56T where, cap can drive too.

we can use the widely used Mayer Multiple metric, which assesses the ratio between price and its 200DMA. The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.

The current daily transaction volume on the Bitcoin network, without filtering for irrelevant transactions, stands at $46.4 billion. According to Glassnode analysts, this figure surpasses the respective transaction volumes of the Visa and Mastercard payment networks.

Educational Post

What Is an Ethereum ETF?

An Ethereum ETF is a type of ETF that tracks the price of ether (ETH). It allows investors to gain exposure to ETH’s price movements without having to deal with the difficulties of managing crypto wallets and exchange accounts. Investors can purchase shares of the Ethereum ETF allowing them to trade ETH through a familiar investment environment, such as a brokerage account.

How Does an Ethereum ETF Work?

An Ethereum ETF can either hold ETH directly or invest in futures contracts that are tied to the price of ETH. Let’s take a closer look at how an Ethereum ETF works:

1. Fund creation: Large financial institutions create shares of the ETF by purchasing ETH and contributing it to the ETF. They may also invest in futures contracts instead of holding ETH.

2. Tracking ETH’s price: The Ethereum ETF closely tracks the price of ether. If its price rises, the value of the ETF shares should also increase, and vice versa.

3. Trading on exchanges: The shares of the Ethereum ETF can then be listed and traded on various stock exchanges, such as Nasdaq. Investors can buy and sell these shares throughout the trading day, just like they would with stocks.