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#IMX continued its move and moving back and forth the drawn zone. Price again back to the zone, we can scale in here targeting next resistance.
#ETHFI/USDT BUY SETUP
ETHFI has successfully broken out of the descending triangle pattern and completed a successful retest, with the Ichimoku Cloud now acting as strong support. A significant upward move appears imminent. 🚀
ETHFI has successfully broken out of the descending triangle pattern and completed a successful retest, with the Ichimoku Cloud now acting as strong support. A significant upward move appears imminent. 🚀
What Is a Tipset?
A tipset is a term mostly used to describe the blockchain of decentralized storage system Filecoin. Filecoin’s consensus mechanism is built on tipsets, as their Expected Consensus system (unlike Bitcoin) is election-based and allows for multiple miners to be the elected leaders in a round.
This means that Filecoin (or another similar storage system) allows more than one storage miner to create blocks in one epoch, which in turn increases the network throughput. Basing a blockchain on tipsets can also contribute to the security of the network: simply put, since each tipset’s weight is relative to the amount of storage it provides, any node that attempts to disrupt the creation of valid blocks must contend against the consensus’ preference for heavier chains.
Filecoin’s tipset system is similar to Ethereum, since the system motivates participants to collaborate and prevents work being wasted through an increase in chain throughput.
The advantages of using a tipset system are that miners will gather together to support the heaviest chain, or the chain that is creating value — this is because decentralized storage systems naturally prioritize chains that are offering more storage. Tipsets that are lighter chains become orphan blocks, since they don’t have the draw of greater storage power.
A tipset is a term mostly used to describe the blockchain of decentralized storage system Filecoin. Filecoin’s consensus mechanism is built on tipsets, as their Expected Consensus system (unlike Bitcoin) is election-based and allows for multiple miners to be the elected leaders in a round.
This means that Filecoin (or another similar storage system) allows more than one storage miner to create blocks in one epoch, which in turn increases the network throughput. Basing a blockchain on tipsets can also contribute to the security of the network: simply put, since each tipset’s weight is relative to the amount of storage it provides, any node that attempts to disrupt the creation of valid blocks must contend against the consensus’ preference for heavier chains.
Filecoin’s tipset system is similar to Ethereum, since the system motivates participants to collaborate and prevents work being wasted through an increase in chain throughput.
The advantages of using a tipset system are that miners will gather together to support the heaviest chain, or the chain that is creating value — this is because decentralized storage systems naturally prioritize chains that are offering more storage. Tipsets that are lighter chains become orphan blocks, since they don’t have the draw of greater storage power.
#LINKUSDT The period between May 2022 and October 2023 is the first accumulation after the bear market, then we have the first bullish breakout or relief rally, the end of 2023 and the beginning of 2024. Now we saw a correction and everything stopped, won. Don't make new lows, for the market to be technically bullish it has to make a higher low to continue up, you can see this clearly on the chart.
Now think of $86 and the current price and you have a target of 535%. And this is a conservative price, thinking about what Bitcoin is doing, early in the game, tells us that prices will go much higher by the end of the next bull phase.
For LINKUSDT, we can consider even 130, 178 (1200%) or more, 224.
Now think of $86 and the current price and you have a target of 535%. And this is a conservative price, thinking about what Bitcoin is doing, early in the game, tells us that prices will go much higher by the end of the next bull phase.
For LINKUSDT, we can consider even 130, 178 (1200%) or more, 224.
#Dogecoin $1 Review
I think we have all chances for $DOGE to hit $1 Target
Strong breakout above the Monthly Key Zone & off the Cup & Handle formation
Btw C&H target takes us almost perfectly to $1
SEND THE KING OF ALL MEMES #DOGE TO ONE DOLLAR
I think we have all chances for $DOGE to hit $1 Target
Strong breakout above the Monthly Key Zone & off the Cup & Handle formation
Btw C&H target takes us almost perfectly to $1
SEND THE KING OF ALL MEMES #DOGE TO ONE DOLLAR
November 11, 2024, marked the biggest daily gain in #Bitcoin history in dollar terms. The momentum is unmatched as #BTC continues to set records.
#APTUSDT 2H
#ZECUSDT 4H
#BTC/USDT ANALYSIS
Bitcoin is currently facing resistance at the horizontal main supply zone while retesting the breakout point of the broadening wedge pattern.
A successful retest and breakout above this critical supply zone could confirm a bullish trend. Supporting the price action, the Ichimoku Cloud is providing strong support.
However, if the retest fails, further price movement within the pattern is expected.
Bitcoin is currently facing resistance at the horizontal main supply zone while retesting the breakout point of the broadening wedge pattern.
A successful retest and breakout above this critical supply zone could confirm a bullish trend. Supporting the price action, the Ichimoku Cloud is providing strong support.
However, if the retest fails, further price movement within the pattern is expected.
#JASMY/USDT ANALYSIS
JASMY is currently trading within the horizontal demand zone of its descending triangle pattern, suggesting a potential bounce from this level.
The 21MA and 50MA are acting as resistance barriers above the current price action.
A solid breakout above both moving averages and the triangle’s resistance trendline could trigger a strong bullish rally in JASMY.
JASMY is currently trading within the horizontal demand zone of its descending triangle pattern, suggesting a potential bounce from this level.
The 21MA and 50MA are acting as resistance barriers above the current price action.
A solid breakout above both moving averages and the triangle’s resistance trendline could trigger a strong bullish rally in JASMY.
#US30 UPDATE :
#US30 failed to form the new ATH and broke the trendline. Price dropped hard and back inside the consolidation range and this will work as the support zone. Expecting a reversal from here and touch the previous highs.
#US30 failed to form the new ATH and broke the trendline. Price dropped hard and back inside the consolidation range and this will work as the support zone. Expecting a reversal from here and touch the previous highs.
#ORDI/USDT ANALYSIS
ORDI is currently trading within a descending triangle pattern and rebounding from a horizontal demand zone. A breakout above the Ichimoku Cloud and the resistance trendline of the triangle could signal a bullish rally for ORDI.
ORDI is currently trading within a descending triangle pattern and rebounding from a horizontal demand zone. A breakout above the Ichimoku Cloud and the resistance trendline of the triangle could signal a bullish rally for ORDI.