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Here's the Analysis of #AXS : #AXS is been moving falling wedge pattern and nearly at the support zone of $3.72 - $4.27. Potential buys can come along the with the support and breakout will give additional confirmation along the move. #Write2Earn! #Write2Earn #write2earn
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What Is a Shielded Transaction? Shielded addresses are ones that use zero-knowledge proofs to allow transaction data to be encrypted by remaining verifiable by network nodes. A shielded transaction is essentially a transaction that is between two shielded addresses. This will essentially keep the addresses, transaction amount and the memo field shielded from the public, with an exception of migrating funds between Sprout and Sapling shielded addresses. Senders to a shielded address can or can not include an encrypted memo, and the recipients of a shielded or deshielding transaction do not learn about the sender address through the transaction receipt in their wallet. The receivers can only learn the value which is sent to their address and if they receive to shielded addresses, any encrypted memo that has been included by the member. Arguably the best implementation in terms of shielded transactions we have seen thus far is in Zcash. In Zcash, there are two types of addresses, transparent addresses and shielded addresses. Transparent addresses on the Zcash protocol are equivalent to public addresses on the Bitcoin protocol for example, and function similarly as a result. All transparent addresses interact with the Transparent Value Pool and this is what publicly reveals transaction data and allows it to be viewed on the Zcash blockchain at any time by anyone. On the flipside, shielded addresses encrypt the transaction data and require the generation of zkSNARKs in order to verify the transaction’s validity. These shielded addresses bring a new, higher level of privacy as well as security when we compare them to transparent addresses. So, a transparent address to a transparent address would result in an unshielded transaction, a transparent address to a shielded address would result in a shielded transaction, a shielded address to a shielded address would result in a shielded transaction, and a shielded address to a transparent address would result in an unshielded transaction. #Write2Earn! #Write2Earn #write2earn
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#BTC/USDT ANALYSIS Bitcoin is experiencing a rebound from the support trendline and horizontal demand zone following a strong rejection at the resistance trendline of the descending broadening wedge pattern. This price movement suggests that Bitcoin is finding stability above the crucial demand zone and the pattern's support trendline. The 200-day moving average is currently providing robust support just below this demand zone, bolstering the bullish sentiment. However, the 100-day MA is posing as a resistance level, which could challenge the upward momentum. Despite this resistance, the overall technical indicators and market conditions suggest the potential for a strong bullish rally in the crypto market, as investors and traders remain optimistic about Bitcoin's capacity to break through these barriers and sustain an upward trajectory. #Write2Earn! #Write2Earn #write2earn
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#TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap is experiencing a downward movement following the breakdown of a rising wedge pattern. The Ichimoku cloud is acting as resistance above the price action. Currently, the market cap is trading above a horizontal demand zone, where we can expect a potential bounce. However, if it breaks down below this demand zone, further correction in the market is likely. #Write2Earn! #Write2Earn #write2earn
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#STORJUSDT was preparing to break out of a bearish channel but ultimately failed to break out and fell to the $0.3500-$0.3200 support level. If the current level is not maintained, the price can continue moving in the downward channel and reach the demand level of $0.2200. If the price continues to trade above the support level, it may move upwards to retest the $0.6000 resistance level. #Write2Earn! #Write2Earn #write2earn
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