A bullish symmetrical triangle is a continuation chart pattern seen in technical analysis that indicates that an existing upward trend is likely to continue after a period of consolidation. This pattern is characterized by a series of lower highs and higher lows converging to form a triangle. This represents a period when the forces of supply and demand are balanced, but with a bullish bias due to the prevailing upward trend.formationtrend line convergence: The pattern is formed by drawing one trend line connecting a series of increasingly lower highs and another trend line connecting a series of increasingly higher lows.…
Author: Crypto Flexs
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Every year my boyfriend and his “Nature is Life” team go camping. And I always get invited. I don’t know what’s more appealing on this ‘vacation’: eating canned beans or urinating in a hole you dug yourself. Oh, and it’s happening in South Africa’s Kruger National Park, too. In real life, there is a Lion King, but all lions are dumb, not just Scar. Given my complete lack of interest in being exposed to malaria and extreme body odor, I thought I’d empathize with him by playing the Wild Survivor slot and seeing what all the hype about Stone Age…
London, UK, May 10, 2024, Chainwire Kintsu, a leading innovator in the DeFi space, is excited to announce the launch of its highly anticipated testnet on May 13th. This exclusive event invites a select group, including Kintsu OG, to pioneer a new era of liquid staking on the cutting-edge Aleph Zero blockchain. Aleph Zero is a permissionless layer 1 blockchain that combines Proof of Stake (PoS) consensus mechanism and Directed Acyclic Graph (DAG) for scalability, security, and efficiency. Advanced privacy features include zero-knowledge proof (ZK-SNARK) and secure multi-party computation (sMPC) within the Liminal privacy layer. About Kintsu Kintsu aims to…
Ethereum has received a lot of criticism recently, and as a result, the price of ETH has been lower than other altcoins. However, Ryan Berckmans, a prominent contributor and investor in the Ethereum community, boldly claims that we are entering the “Ethereum Era,” an era that could redefine the hierarchy of blockchain technology. Berckmans said his insight X brought a mix of enthusiasm and skepticism to the cryptocurrency community. Berckmans argues that Ethereum’s underlying fundamentals remain very strong despite facing several challenges. He provides counterpoints to each, highlighting Ethereum’s continued strength and potential while directly addressing common investor concerns. “The…
Bitcoin price found support near $60,600. BTC is recovering, but bears may remain active near the $63,200 resistance zone. Bitcoin tested the $60.60 support zone and began a recovery. The price is trading near $63,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above the main bearish trendline with resistance at $62,000. The pair could gain bullish momentum if it closes above $63,200 and the 100-hourly simple moving average. Bitcoin price recovery begins Bitcoin price extended losses below the $62,000 and $61,200 levels. The upside finally emerged…
Bitcoin (BTC) returned to $63,000 on May 10 as indirect liquidity thickened past $100 million.BTC/USD 1-hour chart. Source: TradingViewBitcoin liquidity war is heating upBTC/USD soared to a local high of $63,876 on Bitstamp before consolidation, according to data from Cointelegraph Markets Pro and TradingView.BTC price action improved overnight after hitting lows below $61,000. This is a weakness that persists despite the country’s high unemployment rate.After analyzing the current state of the order book, trading resource key indicators indicated a significant accumulation of liquidity just above the spot price.Between $63,000 and $65,000 per data from FireCharts proprietary trading tool, the total…
London, UK, May 10, 2024, ChainwireKintsu, a leading innovator in the DeFi space, is excited to announce the launch of its highly anticipated testnet on May 13th. This exclusive event invites a select group, including Kintsu OG, to pioneer a new era of liquid staking on the cutting-edge Aleph Zero blockchain.Aleph Zero is a permissionless layer 1 blockchain that combines Proof of Stake (PoS) consensus mechanism and Directed Acyclic Graph (DAG) for scalability, security, and efficiency. Advanced privacy features include zero-knowledge proof (ZK-SNARK) and secure multi-party computation (sMPC) within the Liminal privacy layer.About KintsuKintsu aims to reshape the DeFi landscape…
One lucky trader is seeing profits of more than 86,000% on his Ethereum (ETH)-based memecoin investment, according to new on-chain data. According to Lookonchain, a blockchain tracking company, one investor said: purchased MAGA (TRUMP), worth $6,500 at the end of last year, is now worth $5.6 million. “Trader ‘waxl.eth’ made 870x profit with TRUMP – from $6,500 to $5.6 million! He spent $6,500 to buy 2.08 million TRUMPs across two wallets and sold 1.24 million TRUMPs for $902,000, leaving him with 832,000 TRUMPs ($4.7 million).” Founded by former US President Donald Trump in August 2023, MAGA Mimcoin currently ranks 234th…
join us telegram A channel to stay up to date on breaking news coverage Solana price has surged 6% in the last 24 hours. Deal for $153.97 As of 3:22 a.m. EST, trading volume was up nearly 1% to $2.2 billion. This follows FTX announcing that it had realized enough funds to repay victims of the exchange’s 2022 decline. FTX had previously proposed making this repayment after selling assets, including a significant portion of SOL. FTX repays creditors in full FTX announced in a court filing that it would repay the $11.2 billion it owes to creditors, as well as…
It’s been a while since we last talked about social finance platform FriendTech in The Block’s Data & Insights newsletter.In other words, the premise of the protocol was that users could purchase keys (previously known as shares) of popular creators. This allowed key holders to get exclusive chat and content from “influencers.” The platform was very novel at launch, and despite its success spawning several clones, it remains the largest SoFi platform by total value to date.FriendTech also got a boost with its release from Base in late summer. While FriendTech has been generating a lot of hype, the network…