#WOOUSDT UPDATE WOO is attempting to breach the horizontal | CRYPTO ASHLEY on Binance Square

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#WOOUSDT UPDATE
WOO is attempting to breach the horizontal resistance zone of the ascending channel. The Ichimoku cloud suggests bullish momentum. A successful breakout would confirm a bullish trend. Monitor closely.👀
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#EDUCATIONAL_POST Charts Talk: Five Essential Indicators Used in Technical Analysis 1.Relative Strength Index (RSI) 2.Moving Average (MA) 3.Moving Average Convergence Divergence (MACD) 4.Stochastic RSI (StochRSI) 5.Bollinger Bands (BB) There are many patterns but above five are popular. 🛑What Is The Open Network (TON)? The Open Network (TON) is a decentralized ecosystem built around the TON Blockchain. TON aims to address common limitations faced by blockchain networks, such as scalability, speed, and usability. TON was initially developed and launched by the Telegram team but is now maintained and developed by an open-source community. TON is built with an interoperable architecture that allows users to create a variety of services and DApps. Common use cases include crypto wallets, payment services, blockchain bridges, and decentralized exchanges. 🛑What’s the Relationship Between Blockchain and Web3? We are gradually moving toward the next phase of the internet, Web 3.0, often styled Web3 in the digital asset space. Web3 holds the promise of allowing people to own things digitally, easily transact online, and have more control of their personal data. Blockchain and crypto ecosystems already have working products for Web3. For example, users can make peer-to-peer (P2P) payments and collect digital items with crypto wallets. Many blockchain-based projects are decentralized by design and allow anyone to use them. 🛑What Are Decentralized Applications (DApps)? Decentralized applications (DApps) are applications that run on top of blockchain networks. There is a great variety of DApps with different use cases, such as gaming, finance, social media, and more. Although DApps can look similar to regular mobile apps on your phone, their backend system is different. DApps rely on smart contracts on a distributed network instead of a centralized system to function. It makes them more transparent, decentralized, and resistant to attacks, but also introduces some new challenges.

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#EDUCATIONAL_POST Token Standards Backbone of Crypto Ecosystem Token standards are the foundation of the cryptocurrency ecosystem, ensuring seamless interactions between tokens and applications. These guidelines define how tokens behave on a blockchain, making them interchangeable and compatible with various platforms. Token standards are crucial for the growth and efficiency of the crypto world, facilitating: - Interoperability: Tokens work seamlessly across multiple platforms. - Compatibility: Developers can create tokens that integrate smoothly with various applications. - Efficiency: Standards streamline the process of token creation and interaction. A prime example is the ERC-20 standard on Ethereum, which has enabled tokens to be tradable and compatible with decentralized applications (dApps) and exchanges. Imagine a gamer owning a unique NFT on a gaming platform. Thanks to the ERC-721 standard, this NFT can be transferred and used on other platforms, opening up new possibilities and enhancing user experience. By establishing a common framework, token standards unlock the full potential of cryptocurrency, fostering innovation and widespread adoption. They are the unseen force driving the interoperability and compatibility that makes the crypto ecosystem thrive. $BTC

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📉 SHORT: $PEPEUSDT (1W) PEPE is in a bearish market with RSI below 50, may retest demand zone for bounce, and technical indicators suggest "SELL" until price closes above trendline.$PEPE #LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn

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