#tradinginsight #mworld #ada #trend

#tradinginsight #mworld #bitcoin #btc #trend

Cardano, the popular blockchain platform, has seen a remarkable 91% surge in decentralized exchange (DEX) volume over the past week, according to data from DeFiLlama.

Cardano's DEX volume has reached $68.5 million. This surge has been driven by a significant uptick in activity on Cardano-based DEX platforms, particularly Minswap, which saw a weekly change of 99.72%.

Minswap, the leading DEX on Cardano, accounted for the majority of the platform's volume, with a 24-hour volume of $6.91 million and a seven-day volume of $60.52 million. This represents a significant 90.4% of the total DEX volume on Cardano.

#ADA #Cardano #mworld #cryptotrading

1. BITCOIN (BTC) D1 frame analysis:

- BITCOIN (BTC) has a series of 04 consecutive bullish daily candlesticks. While, before that, there has been no increase for more than 4 consecutive days for BITCOIN (BTC) since mid-January 2023. So today, the uptrend may slow down or even correct down.

- Bar D1 on Sunday made a breakout beyond the 20-day accumulation zone. This can be seen as the completion of a double bottom.

- BITCOIN (BTC) target could be towards the 30,000 zone.

2. Analysis of BITCOIN (BTC) H4 frame:

- The point to note now is that the latest H4 bar of BITCOIN (BTC) has closed above the upper edge of the RSI, falling into an overbought state. In that case, a downward price correction is easy.

- If BITCOIN (BTC) dips back below, it could turn the breakout into a false breakout.

#tradinginsight #bitcoin #btc #mworld

U.S. presidential candidate Robert F. Kennedy Jr. says he does not want anti-crypto people on the Securities and Exchange Commission (SEC). He also slammed the securities regulator for protecting banks rather than the American people. “What they’re doing is obscure, it’s not transparent, and it’s not bringing transparency to our system,” said the presidential hopeful.

RFK Jr on SEC, Bitcoin, Crypto Regulation

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) expressed admiration for bitcoin while criticizing the regulatory approach of the Securities and Exchange Commission (SEC) towards the cryptocurrency industry in an interview with Thestreet, published Friday. RFK Jr. is a nephew of former U.S. President John F. Kennedy and a son of former U.S. Attorney General Robert F. Kennedy.

Sharing his intention to nominate crypto-friendly individuals to the SEC should he be elected president, Kennedy stated:

I don’t want people on the SEC commission who are anti-crypto. At most, they should be neutral, and we should have people on there who are from the crypto community.

Multiple people have criticized the SEC, under Chair Gary Gensler, for taking an enforcement-centric approach to regulating the crypto space. In December last year, Gensler said the securities watchdog will use all available tools to crack down on uncompliant crypto firms. However, many have complained that the rules are so unclear that it is very difficult to ensure compliance. Last month, the Nasdaq-listed crypto exchange Coinbase filed legal action against the SEC over a lack of regulatory clarity. In the same month, U.S. Congressman Warren Davidson (R-OH) revealed that he is introducing legislation to remove the chairman of the SEC “to correct a long series of abuses.”

Kennedy stressed: “SEC’s function now is not to protect the American people, but it’s to protect the banks — particularly the central banks and those interests.” He added:

What they’re doing is obscure, it’s not transparent, and it’s not bringing transparency to our system.

RFK Jr Highlights Benefits of Bitcoin

The presidential hopeful has been a strong supporter of bitcoin and his campaign accepts BTC donations. Kennedy explained:

One of the fundaments of Bitcoin is that you can trust it. And nobody can manipulate it. There’s no human being that can manipulate it.

“What happens with Bitcoin is very, very democratic. It’s all decided by all the miners in a democratic way and by algorithms that can’t be manipulated,” Kennedy continued. “It’s the perfect base currency, because there’s a finite amount of it… The Bitcoin that exists on the Earth is infinitely divisible, so it’s kind of the perfect currency — it has an intrinsic value and it gives people a way out.”

#sec #xrp #mworld #crypto

ICHIMOKU

Part3. Kumo clouds

1. Uptrend, downtrend

- Increase the price when the price is above the kumo cloud;

- Discount when the price is below a few kumo.

2. Future trends

- Increase in price when Senkou Span A (SPA) is above Senkou Span B (SPB);

- Increase price when SPA is below SPB.

3. Possible trends:

3.1 Price increase trend

- Strong increase in price: future Kumo rattan rose and SPA, SPB both turned up;

- Moderately bullish: futures Kumo clouds rise and future SPA is up, future SPB is flat;

- Weak price increase: Future Kumo clouds increase and future SPA is down, future SPB can be reversed or reversed.

3.2 Downtrend

- Strong discount: Kumo cloud futures fall and both SPA and SPB are down;

- Moderately bearish: Kumo cloud futures fall and futures SPA is down, futures SPB is flat;

- Weak price decline: Kumo cloud futures decrease, future SPA is up, future SPB is flat. At that time, it is possible to rebound strongly or reverse.

#tradinginsight #mworld #ichimoku

ICHIMOKU

Part2. Signals in the Ichimoku system.

1. Tenkan Sen

Is the short-term movement of the price, cycle 9.

Trend:

- Increase in price when price is above Tenkan Sen

- Discount when price is below Tenkan Sen

2. Kiju Sen

Is the medium-term price movement, cycle 26.

Trend:

- Increase price when price is above Kiju Sen

- Discount when price is below Kiju Sen

3. Chikou Span

Shows the price momentum of the previous 26 cycles.

Trend:

- Increase in price if above the previous 26 cycle price

- Discount if below 26 previous cycles

4. Senkou Span A and Senkou Span B

They form the Ichimoku clouds.

There are two types of clouds:

- Kumo clouds: clouds above or below the price line

- Future cloud: is a cloud that predicts 26 periods

#tradinginsight #mworld #ichimoku

Part 1: History of the birth of ichimoku

- Ichimoku Kinko Hyo is an intuitive trend-following charting system.

- Ichimoku means to look over, Kinko means balance and Hyo means chart. So ichimoku Kinko Hyo can be understood as "looking through a balance chart".

- Ichimoku was developed by a Japanese named Goichi Hosoda before World War II. After more than 20 years of research, Hosoda released a book in 1969. However, the original books and documents. about the ichimoku has never been translated into English and is rumored to be kept in a secret vault at the Bank of Japan.

#tradinginsight #tradding #ichimoku #mworld

Bitcoin price analysis

The failure of the bears to tug the price below the immediate support at $25,811 attracted solid buying by the bulls. They pushed Bitcoin back into the symmetrical triangle pattern on May 28, but higher levels are attracting selling.

The bears are attempting to stop the recovery at the resistance line of the triangle. If the bulls do not allow the price to slide below the 20-day EMA ($27,255), it will enhance the prospects of a break above the resistance line. If that happens, the BTC/USDT pair could rally to $30,000 and then to $31,000.

On the way down, the first support to watch out for is the 20-day EMA. If this level gives way, it will suggest that the bears are selling on rallies. The pair may then plunge to the vital support zone between $25,811 and $25,250.

Ether price analysis

The RSI has jumped into positive territory and the 20-day EMA ($1,841) has started to turn up, indicating that bulls have the upper hand. If bulls flip the resistance line into support, the ETH/USDT pair could rally to $2,000 and subsequently to $2,141. The pattern target of the bullish setup is $2,259.

Contrary to this assumption, if the price turns down sharply and tumbles below the 20-day EMA, it will suggest that the breakout may have been a bull trap. The pair may then crumble to the support line.

BNB price analysis

The bulls pushed BNB above the immediate resistance of the 20-day EMA ($311) on May 28, indicating that the $300 level is acting as a strong floor.

Buyers will try to push the price to the resistance line of the descending channel pattern. The bears are expected to defend this level aggressively because if they fail to do that, the BNB/USDT pair could surge to the overhead resistance of $350.

Contrarily, if the price turns down from the resistance line, it will suggest that the pair may spend some more time inside the descending channel. The $300 level remains the key level to watch on the downside because a break below it could sink the pair to $280.

XRP price analysis

XRP climbed above the neckline of the inverse head-and-shoulders pattern on May 28, which completed the bullish setup.

Usually, after the breakout from a pattern, the price returns to retest the breakout level. In this case, the price may drop to the neckline. If the price rebounds off this level with strength, it will suggest that the bulls have flipped the neckline into support. That will enhance the prospects of a rally to the pattern target of $0.55.

Contrarily, if the price turns down and breaks below the 20-day EMA ($0.46), it may trap several aggressive bulls. The XRP/USDT pair may then slump to $0.44 and subsequently to the crucial support at $0.40.

#BTC #BNB #ETH #DOGECOIN #mworld