Fundamentally looking, Cardano is approaching a very important time. In August, they’re expected to launch their mainnet which would activate stacking and Cardano holders will be able to get a passive return on their investment.
In the testnet, the return was around 10% annually which is pretty decent for this type of investment.
The stacking has proved to bring hype and interest to the market so recent move up shouldn’t be a surprise.
So, the fundamentals are great for this coin.
In the testnet, the return was around 10% annually which is pretty decent for this type of investment.
The stacking has proved to bring hype and interest to the market so recent move up shouldn’t be a surprise.
So, the fundamentals are great for this coin.
ADA/BTC Macro View
Even though ADA looks great on lower timeframes, it’s currently right on the first major resistance on the macro view.
In case it gets broken and ADA reclaims broken support and enters back into the range, we can expect to see second resistance being reached in the upcoming weeks/months.
Instead of jumping on the trend and going crazy for this coin as most people do right now, wait for it to enters back into the range and then target the top of that range for an extra 100% profit gain.
We saw many great fundamentals being used just for short term pump and reason to go up so there could be the same scenario for this coin as well.
Because of that, be patient, wait for close back into the range and then you can invest.
The invalidation is close back below so make sure to follow the plan and if it closes back below, it can drop 60-70%. Because of that, you need to exit your investment and cut your losses why they’re still low.
Even though ADA looks great on lower timeframes, it’s currently right on the first major resistance on the macro view.
In case it gets broken and ADA reclaims broken support and enters back into the range, we can expect to see second resistance being reached in the upcoming weeks/months.
Instead of jumping on the trend and going crazy for this coin as most people do right now, wait for it to enters back into the range and then target the top of that range for an extra 100% profit gain.
We saw many great fundamentals being used just for short term pump and reason to go up so there could be the same scenario for this coin as well.
Because of that, be patient, wait for close back into the range and then you can invest.
The invalidation is close back below so make sure to follow the plan and if it closes back below, it can drop 60-70%. Because of that, you need to exit your investment and cut your losses why they’re still low.
ADA/USD pair is showing a very similar situation.
It’s heading towards .10 cents resistance and that’s the main point on this chart.
In the case of closure above that resistance, we can expect to see the entire trend change from the bear market into a potential bull market.
In case it gets rejected, we have the possibility to see retracement all the way down to the support of this range which is a decline of 60-70%.
Wait for confirmational close and act accordingly.
This can turn out to be a great investment for the second half of 2020 because of positive fundamentals but look at those events always from two points of view.
Just like in case of Ethereum which update 2.0 was postponed many times, this can be postponed too for late 2020 or early 2021 and you will have your money stuck into this coin for months just because you bought into the hype.
Because of that, I use technicals to decide when to buy and sell something because it makes setups way more clear.
Close above = buy, close below = sell
It’s heading towards .10 cents resistance and that’s the main point on this chart.
In the case of closure above that resistance, we can expect to see the entire trend change from the bear market into a potential bull market.
In case it gets rejected, we have the possibility to see retracement all the way down to the support of this range which is a decline of 60-70%.
Wait for confirmational close and act accordingly.
This can turn out to be a great investment for the second half of 2020 because of positive fundamentals but look at those events always from two points of view.
Just like in case of Ethereum which update 2.0 was postponed many times, this can be postponed too for late 2020 or early 2021 and you will have your money stuck into this coin for months just because you bought into the hype.
Because of that, I use technicals to decide when to buy and sell something because it makes setups way more clear.
Close above = buy, close below = sell
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Hope you like my analysis on Cardano (ADA). Which coin you want me to analyse next?
anonymous poll
NEO – 145
👍👍👍👍👍👍👍 45%
TEZOS – 84
👍👍👍👍 26%
BNB – 58
👍👍👍 18%
MONERO – 38
👍👍 12%
👥 325 people voted so far.
anonymous poll
NEO – 145
👍👍👍👍👍👍👍 45%
TEZOS – 84
👍👍👍👍 26%
BNB – 58
👍👍👍 18%
MONERO – 38
👍👍 12%
👥 325 people voted so far.
If you have any questions or suggestions, fell free to reach to @CryptoSignalsAdmin.
Around $10 billion worth of assets are currently locked in staking. With ETH and ADA staking that’s coming in the second half of 2020, we expect even more crypto assets to be locked in staking.
If you’re questioning if staking is good or not, here’s my opinion. If you’re in full control of the wallet where the staking is done (you have private keys of that wallet), then there’s nothing bad to get interest on holding a certain asset.
If you’re questioning if staking is good or not, here’s my opinion. If you’re in full control of the wallet where the staking is done (you have private keys of that wallet), then there’s nothing bad to get interest on holding a certain asset.
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Hope you like my analysis on Cardano (ADA). Which coin you want me to analyse next? anonymous poll NEO – 145 👍👍👍👍👍👍👍 45% TEZOS – 84 👍👍👍👍 26% BNB – 58 👍👍👍 18% MONERO – 38 👍👍 12% 👥 325 people voted so far.
NEO technical and fundamental update is coming. Stay tuned!
Fundamentally looking, NEO is a great coin. It’s still called Chinese Ethereum with 100+ dAps and the confirmation of their growth is recent Testnet release on June 1st.
It’s definitely not a shit coin and has a working team behind that’s continually working on the project.
Now technically looking, the recent test net release positively affected the price of NEO which we can see on this chart.
After accumulation at around 0.001BTC for few weeks, it spiked up making gain of around 30%.
What next?
Looking at the current price action, since 78.6% Fibonacci held out, we should expect further increase targeting an area of 0.0015 BTC.
Since I always mention invalidation, in this case, I would not like to see continual daily closes below 61.8% Fibonacci. We bounced off that level and now it's expected to continue going up without big retracements.
It’s definitely not a shit coin and has a working team behind that’s continually working on the project.
Now technically looking, the recent test net release positively affected the price of NEO which we can see on this chart.
After accumulation at around 0.001BTC for few weeks, it spiked up making gain of around 30%.
What next?
Looking at the current price action, since 78.6% Fibonacci held out, we should expect further increase targeting an area of 0.0015 BTC.
Since I always mention invalidation, in this case, I would not like to see continual daily closes below 61.8% Fibonacci. We bounced off that level and now it's expected to continue going up without big retracements.
NEOUSD chart looking good as well. After capitulation that took out every stop loss in the market and reached all the way to the $3, it went for a move up making series of consecutive green weekly candles.
After the big capitulation, we usually see a big move in the opposite direction as well because of that and current price action, I expect to see NEO in red resistance area as an attempt to test out that wick area.
It has chances of breaking above but for now, I see at least test of that area.
It may not happen instantly, we may see some accumulation in the middle of the range that will bring us to that resistance area.
After the big capitulation, we usually see a big move in the opposite direction as well because of that and current price action, I expect to see NEO in red resistance area as an attempt to test out that wick area.
It has chances of breaking above but for now, I see at least test of that area.
It may not happen instantly, we may see some accumulation in the middle of the range that will bring us to that resistance area.
So, NEO is still a good project, the team is still working behind, as a NEO staker I can say that their project is delivering on what was promised.
Could it be better?
Of course, it can because it nowhere near Ethereum and because of that, there’s that big opportunity if one day NEO will come closer to the Ethereum project.
Technically, it’s not in a strong uptrend but rather stuck in the ranges o both pairs I've just mentioned but price action is pointing on each pair to the upside and test of resistance areas.
Could it be better?
Of course, it can because it nowhere near Ethereum and because of that, there’s that big opportunity if one day NEO will come closer to the Ethereum project.
Technically, it’s not in a strong uptrend but rather stuck in the ranges o both pairs I've just mentioned but price action is pointing on each pair to the upside and test of resistance areas.
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Hope you like my analysis on NEO. Which coin you want me to analyse next?
anonymous poll
TEZOS – 108
👍👍👍👍👍👍👍 39%
TRON – 72
👍👍👍👍👍 26%
LITECOIN – 69
👍👍👍👍 25%
BITCOIN CASH – 27
👍👍 10%
👥 276 people voted so far.
anonymous poll
TEZOS – 108
👍👍👍👍👍👍👍 39%
TRON – 72
👍👍👍👍👍 26%
LITECOIN – 69
👍👍👍👍 25%
BITCOIN CASH – 27
👍👍 10%
👥 276 people voted so far.
If you have any questions or suggestions, fell free to reach to @CryptoSignalsAdmin.
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If you want to be part of our Premium Channel, where you get education followed with trading signals, contact @CryptoSignalsAdmin.
As a bonus, you also get a trading guide written by me.
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What’s your opinion on Bitcoin?
anonymous poll
I’m bearish – 201
👍👍👍👍👍👍👍 48%
I’m bullish – 157
👍👍👍👍👍 38%
I’m neutral – 60
👍👍 14%
👥 418 people voted so far.
anonymous poll
I’m bearish – 201
👍👍👍👍👍👍👍 48%
I’m bullish – 157
👍👍👍👍👍 38%
I’m neutral – 60
👍👍 14%
👥 418 people voted so far.
Over the past 12 weeks, Grayscale Investments has raised 62,972 BTC
This amount exceeds half of the coins mined by miners for the same period.
It’s obvious proof that institutional investors are putting their money in Bitcoin and major cryptocurrencies heavily.
Don’t listen to what they are talking, look at what they are doing!
Keep hodling because here's proof that someone is trying to get as much Bitcoin as possible.
This amount exceeds half of the coins mined by miners for the same period.
It’s obvious proof that institutional investors are putting their money in Bitcoin and major cryptocurrencies heavily.
Don’t listen to what they are talking, look at what they are doing!
Keep hodling because here's proof that someone is trying to get as much Bitcoin as possible.
This is how both sides of the market get stopped out and price returns to the starting point.
Being profitable as a trader means being in the market when it’s going in your favor and staying out of the market when odds are against you or you don’t have a clear, profitable setup.
Wait for the market to establish a new trend before opening your position instead of randomly opening trades hoping it will work in your favor.
Being profitable as a trader means being in the market when it’s going in your favor and staying out of the market when odds are against you or you don’t have a clear, profitable setup.
Wait for the market to establish a new trend before opening your position instead of randomly opening trades hoping it will work in your favor.
Something weird was spotted yesterday on etherscan.io where 0.58ETH was sent for a transaction fee of 10,668.73185 $ETH ($2,597,729.52).
How’s this possible?
This looks like money laundering where a certain party made a deal with a certain mining pool to broadcast their transaction.
That way, those 10 688 coins would be mined and declared as “legal” because their source would be mining.
How’s this possible?
This looks like money laundering where a certain party made a deal with a certain mining pool to broadcast their transaction.
That way, those 10 688 coins would be mined and declared as “legal” because their source would be mining.