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TradeCityPro | ENS : Navigating Critical Levels👋 Welcome to TradeCityPro! In this analysis, I’ll evaluate ENS across the daily and 4-hour timeframes. This Web3 project offers an innovative service allowing users to purchase wallet domains, making it a standout in its sector. 📅 Daily Timeframe: Pullback to the Critical Zone On the daily timeframe, ENS has been trading within a broad range since early 2024, oscillating between $12.44 and $32. Despite the large range and significant price volatility, the market hasn’t established a clear trend, repeatedly moving from the bottom to the top of this box. 📈 Recently, alongside Bitcoin’s ATH breakout, ENS broke through the $20.92 resistance, which marked the Medium Wave Cycle resistance. This breakout introduced strong bullish momentum, leading to the price surpassing the $32 resistance as well. After breaking this level, the price retraced to $32 for a pullback and is now preparing for another upward movement. ✨ The next significant resistance for ENS is $47.96, a level previously tested once before. Currently, the price is approaching this zone for a second test. Despite the negative divergence observed in the RSI and trading volume, this is typical in high-momentum uptrends. A successful breakout of $47.96 could propel the price toward the ATH at $77.99. 🔽 In case of a pullback, the $32 zone remains critical support, already tested once. For deeper corrections, the $20.92 level is the next important zone, and losing this level would entirely erode the bullish momentum, pushing the price toward $15.83 and potentially $12.44. ✅ The range between $12.44 and $15.83 represents a key demand zone, which could act as a significant barrier against further declines. For deeper corrections, the first RSI trigger would be a breakdown below 54.66. ⏳ 4-Hour Timeframe: Futures Triggers In the 4-hour timeframe, I’ll focus specifically on futures triggers, as the main scenarios were detailed in the daily timeframe. 🔼 A breakout above $48.59 provides a suitable long entry. Defining precise targets in advance is challenging, as potential targets come from historical price levels. It’s better to wait for the price to establish a new structure and use that to identify subsequent resistance levels. 📉 A breakdown below $40.96 is a highly risky short entry, with low confidence in hitting the target. However, if a deep correction begins, this trigger could yield significant profits.Additional support levels include $32.86, $25.65, and $21.36. Breaking each of these could activate further short triggers, but for now, all short setups carry significant risk, as the market hasn’t confirmed a trend reversal. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
Long
by tradecitypro
13
The Road to $66 for STXUSDT (Stacks)$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement. This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one. Considering the increasing volume, an explosive surge in the number of transactions on the network, and the oscillators, we can expect a swift development in the price towards the following resistance levels: — 0.57 — 1.06 — 2.85 — 5.96 — 8.16 — 13.17. #stxusdt #stxusd #BNS #DeFi #BitcoinNFTs #Stacks
Long
by joerivdpol
20
AVALANCHE — 2024-5Avalanche is a blockchain ( CRYPTOCAP:AVAX ) platform that offers tools and features that allow users to launch DeFi decentralized applications. The platform also has a suite of tools for creating financial assets and enables trading and the building of enterprise-scale financial solutions. Etna: Enhancing the Sovereignty of Avalanche L1 Networks A release for the latest upgrade to the Avalanche Network, dubbed the “Etna” upgrade, was published for activation on Avalanche Mainnet scheduled for 12 PM ET (5 PM UTC), December 16, 2024 . This proposed upgrade consists of Avalanche Community Proposals (ACPs) Reinventing Subnets, Add Dynamic Fees to the P-Chain, Warp Signature Interface Standard, Reduce C-Chain minimum base fee from 25 nAVAX to 1 nAVAX, Activate Cancun EIPs on C-Chain and Subnet-EVM chains, and Use current block P-Chain height as context for state verification. The pre-released code version was successfully activated on the Fuji Test Network at 11 AM ET (4 PM UTC), November 25, 2024.
Long
by maxty
How polkadot Version 2.0 Will Eliminate CompetitorsWhy Polkadot is the Best Blockchain and How Version 2.0 Will Eliminate Competitors As blockchain technology evolves and numerous networks emerge, the need for a system that can connect and optimize collaboration between them becomes increasingly essential. Polkadot is one of the most advanced and promising blockchain projects, aiming to create an internet of blockchains. With the release of its second version, Polkadot is expected to solidify its position as the best blockchain and outperform many of its competitors. In this article, we’ll explore why Polkadot is the best blockchain and how its Version 2.0 will eliminate rival networks. 1. Multichain Architecture Polkadot's unique architecture allows different blockchains to work in parallel. This feature significantly reduces scalability and transaction speed issues that plague traditional blockchains like Ethereum and Bitcoin. How Version 2.0 Improves This Architecture In Polkadot 2.0, the focus is on optimizing cross-chain communications and increasing both vertical and horizontal scalability. This not only boosts transaction capacity but also enables more chains to interact seamlessly while maintaining their independent functionality. 2. Interoperability One of the biggest challenges for traditional blockchains is the lack of interoperability, or the ability to exchange data and value across different networks. Polkadot solves this problem with its Relay Chain, which facilitates communication and data exchange between different chains. Improvements in Version 2.0 Polkadot 2.0 will introduce new protocols for faster and more secure cross-chain communication. This advancement will render many standalone blockchains obsolete, driving developers and users towards Polkadot. 3. Shared Security One of Polkadot’s key advantages is its shared security model, allowing connected chains to benefit from the overall security of the network without needing to establish separate security mechanisms. Enhanced Security in Version 2.0 Version 2.0 will implement new consensus algorithms and increase the number of active nodes, significantly enhancing the network's security. This will make it difficult for competing blockchains with weaker security models to remain competitive. 4. Advanced Governance While many blockchains struggle with governance and decision-making, Polkadot offers a flexible and dynamic governance system that allows users and developers to actively participate in managing and developing the network. Governance in Version 2.0 Polkadot 2.0 will introduce a model of instant and decentralized governance, enabling rapid decision-making with the participation of all stakeholders. This makes Polkadot highly dynamic and efficient, outpacing competitors in terms of adaptability and governance. 5. Strong Community and Ecosystem Polkadot is not just a powerful technology but also hosts a large and active ecosystem of developers, startups, and various projects. This ecosystem is continuously growing, and the release of Version 2.0 will accelerate this growth. Conclusion: Why Polkadot Will Eliminate Competitors Polkadot 2.0, with its focus on high scalability, fast cross-chain communication, enhanced security, and dynamic governance, will far surpass existing blockchains. Many projects currently operating on other networks will likely migrate to Polkadot due to the limitations of their current platforms. With these advantages, Polkadot is well-positioned to become the default blockchain for next-generation projects and will likely push many of today’s competitors out of the market. good luck
Long
by mehdi_kb
1
THE GRAPH — 2024-5JSE:GRT is an open-source protocol that enables efficient indexing and querying on blockchains. Ethereum, Solana, Polygon are just a few of the 70+ chains on chains available to query on The Graph Network, and more are being added every month. Often called the “Google for blockchains,” The Graph allows developers to retrieve data from blockchains without relying on centralized servers or traditional databases. It also removes the need to self-host expensive data servers or rely on a full-time data team. This indexing capability is crucial for decentralized applications (dapps) to operate smoothly, as data needs to be accessible in real-time to offer users a seamless experience. The Graph is pioneering a new data standard for web3 with GRC-20, a proposed common language for data across web3. Just as ERC-20 standardized value on Ethereum, GRC-20 will standardize data, information & knowledge and bring web3 to life.
Long
by maxty
3
Technical Analysis for AUCTIONUSDT.P (3D Chart) Bounce Token**Chart Overview**: The chart showcases a breakout above the **Smoothed Trendline (Smoothed TL)** after previously rejecting the **Original TL**. The gradual improvement in price action confirms a shift in market dynamics. **Key Observations**: 1. **Trendlines**: - The **Original TL** acted as strong resistance during the previous downward trend. - The **Smoothed TL**, derived from adjusting for consistent lower highs, has now been broken, signaling bullish intent. 2. **Moving Averages**: - **20 MA**: The price is holding above the 20-day MA, confirming short-term momentum. - **50 MA**: Successfully reclaimed, adding another layer of support. - These confluences strengthen the trend-following signals. 3. **Indicators**: - **OBV**: Trending upward, indicating consistent accumulation. - **RSI**: At **68.22**, approaching overbought territory but still allowing room for upside. - **CMF**: Positive at **0.17**, signaling healthy capital inflow and supporting the breakout narrative. 4. **Volume**: - The volume has picked up as the price broke above the Smoothed TL, validating the move and indicating increasing buyer interest. **Conclusion**: The breakout above the **Smoothed TL** aligns with the system's bullish signal. The reclaim of both the 20 MA and 50 MA further supports a sustained uptrend. While no specific resistance targets are emphasized due to the trend-following nature of the system, the setup is favorable for continued upside. Stick to the system—ride the trend, and let the market guide your exits. 🚀
Long
by vagada
SUPER PREPARING FOR LONG ENTRY Hello, fellow crypto enthusiasts! How are you feeling this Tuesday? I hope all is well with you! This is SUPER on the daily timeframe. The system has been short for three days, but as you already know, we don’t take short positions in a bull market. Instead, we prefer to wait for a long entry, and it will come. For now, we need to wait and watch what the price does. The next major support could be the 0.236 Fibonacci level (all-time range). Depending on the price's reaction to this level and the system's signals, we’ll find an entry point eventually. I’ll keep this idea updated for both you and me in the future. Remember, patience is key. See you soon, and stay safe!
by vagada
11
TRON Partners With Chainlink to Strengthen Its DeFi EcosystemTRON ( AMEX:TRX ) has made a strategic move by joining forces with Chainlink SCALE, effectively making Chainlink Data Feeds the official oracle provider for TRON’s decentralized finance (DeFi) ecosystem. This collaboration marks a significant upgrade to TRON’s blockchain infrastructure, introducing high-quality and decentralized oracle solutions to TRON’s $6.5 billion total value locked (TVL) in DeFi. TRON DAO Partners with Chainlink SCALE In a strategic shift, TRON DAO recently announced its partnership with Chainlink, one of the most recognized decentralized computing platforms globally. The integration enables TRON to harness Chainlink’s industry-leading oracles, which will replace WINkLink as the primary oracle solution for TRON's ecosystem. With Chainlink Data Feeds securing more than $6.5 billion in TVL within TRON’s DeFi applications—such as JustLend and JustStable—the partnership promises to enhance security, precision, and reliability in TRON’s DeFi sector. According to TRON’s founder, Justin Sun, joining Chainlink SCALE will ensure that TRON’s DeFi environment has dependable data, a foundational necessity for the expansion of DeFi applications on the network. This new system allows developers on TRON to access high-quality pricing and market data, contributing to a more robust and scalable decentralized economy. Driving the Next Generation of DeFi on TRON The adoption of Chainlink Data Feeds on TRON means more than just a technical upgrade. It represents a pathway to expand TRON’s ecosystem while offering enhanced stability, increased scalability, and reduced operational costs for early-stage DeFi applications. Chainlink SCALE introduces a model where TRON initially covers certain gas fees for using Chainlink’s oracles, fostering DeFi growth until the ecosystem matures and user fees can sustain these costs independently. Thodoris Karakostas, head of blockchain partnerships at Chainlink Labs, voiced his enthusiasm, noting that Chainlink’s high security and reliable on-chain market data provide TRON developers with the tools needed to create the next generation of DeFi applications. This integration, he emphasized, will bolster TRON’s foundation for a decentralized internet—a vision at the core of TRON DAO’s mission. TRON’s Commitment to Growth and Innovation In addition to the Chainlink partnership, Justin Sun recently commented on TRON's growing ecosystem and the anticipated rise of memecoins on the platform. He highlighted the community’s role in supporting these developments and expressed confidence in a new growth phase if AMEX:TRX surpasses its previous peak, potentially triggering a wave of FOMO-driven interest in TRON’s DeFi and memecoin markets. This commitment to innovation signals a brighter future for TRON as a hub of decentralized finance, and Chainlink’s proven track record in supporting high-volume transactions and delivering reliable data positions TRON advantageously. Technical Analysis Currently, AMEX:TRX is trading within an overbought channel with an RSI of 77, reflecting its strong demand following the Chainlink partnership announcement. This movement aligns with previous trends observed in AMEX:TRX ’s price behavior, where periods of bearish momentum were often followed by bullish reversals. This pattern indicates TRX’s resilience and suggests potential for sustained price growth, especially with heightened interest from institutional investors and developers exploring TRON’s DeFi space. From a technical standpoint, AMEX:TRX offers a relatively stable investment opportunity, appealing to traders looking for a balance between growth and moderate risk. The blockchain’s notable transaction speed and scalability, combined with its new oracle integration, are factors that solidify its position as one of the most secure and reliable assets within the DeFi landscape. The Strategic Implications for Investors With Chainlink Data Feeds now part of TRON’s foundational infrastructure, the TRON network is positioned to enhance its appeal for DeFi developers and investors alike. The partnership not only promises to make TRON’s DeFi ecosystem more resilient and scalable but also strengthens its ecosystem’s security—vital as TRON seeks to decentralize the internet through blockchain technology and decentralized applications (dApps). The long-term implications are clear: TRON’s partnership with Chainlink represents a new era for its DeFi ecosystem. As the TRON DAO continues to expand, AMEX:TRX stands poised to benefit from increased market confidence and user adoption. For investors, this development presents an attractive opportunity to capitalize on TRON’s expanding ecosystem and DeFi potential. In summary, the TRON-Chainlink collaboration marks a transformative milestone in TRON’s roadmap. With enhanced infrastructure, reduced operational costs, and a renewed commitment to scalability, AMEX:TRX solidifies its role as a key player in the decentralized finance sector. For investors, TRON’s commitment to innovation and growth signals a robust opportunity, particularly in the evolving DeFi space.
Long
by DEXWireNews
2
HAMSTER KOMBATHamster Kombat is an emerging trend in the crypto-gaming world, combining the excitement of clicker games with real-world earning potential. Here are some key points about its future trend and potential: Growth Potential: Launched in 2024, Hamster Kombat has quickly gained traction, attracting millions of players. The game’s native token, HMSTR, is expected to see significant growth, with predictions suggesting it could reach $0.35 by the end of 2024 and potentially $1.50 by 2030. Community and Engagement: The game has built a strong, active community where players can share strategies and earn rewards. This community-driven approach is crucial for its long-term success. Technological Advancements: Hamster Kombat leverages blockchain technology, specifically The Open Network (TON), to ensure secure and decentralized gameplay. This integration of blockchain enhances the game’s credibility and appeal. Market Sentiment: Despite some volatility, the overall market sentiment for Hamster Kombat remains positive. The game’s unique blend of social interaction, gaming, and financial rewards positions it well in the growing play-to-earn market. Future Developments: Continuous innovation, such as new gaming modes, staking features, and strategic partnerships, will be essential for maintaining user interest and driving further growth.
Long
by DynamicCapital-FX
11
MultiversX (EGLD) fake bullish breakout, now seeks supportIt was a fake breakout, afterall. On September 28, I spotted a potential bullish breakout on CRYPTO:EGLDUSD - which ended up being a bull trap, sending the prices downwards. Right now, a two-month uptrend line is seeking support. It had a brief deviation in the form of a daily wick, unclosed. Again, this reflects the dominating bearish sentiment I see in my timeline, with bears getting very greedy. A breakout downward would intensify the negative sentiment and potentially fuel some panic selling. Resist, and we remain on the same page. Fundamentals are stronger than ever despite the PA, so I remain bullish in higher time frames. Lower time frames are uncertain.
CRYPTO:EGLDUSD
by vinibarbosa
#AVAXUSDT #4h (Bybit) Ascending channel breakdownAvalanche lost 50MA acting as resistance now, seems to be heading towards 200MA support. ⚡️⚡️ #AVAX/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (7.0X) Amount: 4.9% Current Price: 28.095 Entry Targets: 1) 28.435 Take-Profit Targets: 1) 25.140 Stop Targets: 1) 30.085 Published By: @Zblaba CRYPTOCAP:AVAX BYBIT:AVAXUSDT.P #Avalanche #Web3 avax.network Risk/Reward= 1:2.0 Expected Profit= +81.1% Possible Loss= -40.6% Estimated Gaintime= 1 week
Short
by TradingOn
MultiversX (EGLD) breaks out of a six-month downtrendMultiversX (EGLD) is breaking out of a six-month downtrend, with three subsequent lower highs since its $77.9 peak in March. The breakout occurred on September 27 and EGLDUSD now tests the R/S downtrend line in what could be a corrective move before the confirmation and bounce up. I'm looking at the daily chart here, looking for a mid-term trend shift validation. However, lower time frames, like the 4-hour chart, already hint of a successful break out, with the line holding strong after some testings. Here is what we see when zooming in: -ERROR UPLOADING IMAGE- Inside the downtrend formation, EGLD started a shortish-term uptrend, making higher lows until the higher time frame breakout. Then, it tested the downtrend line as support in four 4-hour candlesticks. Giving strength to the move. Validation here is a daily close above the line. I'll then target the S/R ZONE between $37 and $48. Play safe! - Despite the price action, MultiversX is one of the most-solid cryptocurrencies from a fundamental perspective. It has one of the most scalable infrastructures through sharding, being the first to fully implement sharding in a battle-tested environment. The chain has 100% uptime and very high security standards, like using native assets and implementing Guardian for a 2FA onchain extra security. The token, eGold (EGLD), has a fixed maximum supply of 31.4 million, with a fully dilution schedule by 2030. However, it can be even lower, as fees can replace emission if the chain is used enough. DYOR.
CRYPTO:EGLDUSDLong
by vinibarbosa
#EGLDUSDT #1D (ByBit) Big falling wedge breakoutMultiversX (f.k.a. Elrond eGold) looks good for bullish continuation on daily after regaining 50MA support, road to 200MA resistance seems next. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.0% Current Price: 35.91 Entry Targets: 1) 34.56 Take-Profit Targets: 1) 48.29 Stop Targets: 1) 27.68 Published By: @Zblaba CRYPTOCAP:EGLD BYBIT:EGLDUSDT.P #1D #Elrond #eGold #MultiversX multiversx.com Risk/Reward= 1:2.0 Expected Profit= +79.5% Possible Loss= -39.8% Estimated Gaintime= 1-2 months
Long
by TradingOn
2
Polkadot Price Prediction 2024hello dear trader and investors New app Polkadot for Begginers Credentials hold in Google & Apple Cloud Easy sending DOT & Stables to friends/family Not just a wallet, easy staking with 1 click Any wallet can connect to this app for easy payments Payment in 1Mil+ brands in the USA 34 countries in few months with another 1+ Mil shops Up to 20% cashback in Dot after payment with the app Huuuuuuge!!! What’s New With Polkadot? A crucial development driving Polkadot’s growth is the ink! 3.0 upgrade by Parity Technologies. This upgrade significantly enhances the platform’s smart contract creation, fostering more intricate programming logic. Technological Enhancements: One key factor underpinning Polkadot’s potential is Parity Technologies’ recent 3.0 upgrade of its ink! programming language. Strategic Collaborations: Polkadot’s integration with Lido for liquid staking on the Moonbeam and Moonriver platforms is another crucial aspect of its fundamental analysis. Hot from Polkadot Decoded
Long
by mehdi_kb
ALTURA $0.0095 | The Mothership Web 3 gaming under the radar no fanfare only serious gamers developers Artificially depressed to accommodate Future Millionaires at sub $0.0015 yes that $0.0015 to $0.0008 drop has the body clock of Shiba Doge and Cardano back in the day strong hands with volume at current levels shall be rewarded in the next cycle maybe next few months when the FED cuts that borrowing rate by 2% 200bps ALTURA www.alturanft.com "the backbone of web3 gaming" Handler paints the bottom flawlessly staging for Parabolic base building for now we await Binance Kucoin Bittrex and the rest of CZ pals to take a position soon
by senyor
11
LTC - 4 long years It has once again been an outstanding experience to prepare for yet another bull run, which has now begun 📈. We have previously witnessed similar periods and understand that it requires a long and challenging effort to maintain our position and index during these uncertain times. This period will test our endurance and strategies, but we are proud to have maintained our stability and achieved remarkable results in previous bull runs 🏆. We look forward to future challenges and continue to strive for excellence in our endeavors 💪.
COINBASE:LTCUSDLong
by Xnow-Vice
3