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💰 #GALA/USDT broke above the descending triangle formation on daily timeframe🔥 Send it🚀🚀 $GALA
💰 #
GALA
/USDT broke above the descending triangle formation on daily timeframe🔥
Send it🚀🚀
$GALA
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$BAT Token has formed a falling wedge pattern on the daily timeframe💁♂️ The price is currently facing resistance from the 50 MA, 200 MA, and the wedge resistance🔍 If a breakout occurs, the upside targets are $0.2690, $0.2835, $0.3190, and $0.3515👀
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A non-fungible token (NFT) is a financial security consisting of digital data stored in a blockchain, a form of distributed ledger. The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, and require few or no coding skills to create. NFTs typically contain references to digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable, they differ from cryptocurrencies, which are fungible. The market value of an NFT is associated with the digital file it references. Proponents of NFTs claim that NFTs provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. The ownership of an NFT as defined by the blockchain has no inherent legal meaning, and does not necessarily grant copyright, intellectual property rights, or other legal rights over its associated digital file. An NFT does not restrict the sharing or copying of its associated digital file, and does not prevent the creation of NFTs that reference identical files. The NFT market grew dramatically from 2020–2021: the trading of NFTs in 2021 increased to more than $17 billion, up by 21,000% over 2020's total of $82 million.NFTs have been used as speculative investments, and they have drawn increasing criticism for the energy cost and carbon footprint associated with validating blockchain transactions as well as their frequent use in art scams. The NFT market has also been compared to an economic bubble or a Ponzi scheme.
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What is Web3?? Web3 (also known as Web 3.0 and sometimes stylized as web3) is an idea for a new iteration of the World Wide Web based on blockchain technology, which incorporates concepts such as decentralization and token-based economics. Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as "Big Tech". The term "Web3" was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms. Some experts argue that Web3 will provide increased data security, scalability, and privacy for users and combat the influence of large technology companies. Others have raised concerns about a decentralized web, citing the potential for low moderation and the proliferation of harmful content,the centralization of wealth to a small group of investors and individuals, or a loss of privacy due to more expansive data collection. Others, such as Elon Musk and Jack Dorsey, have argued that Web3 only serves as a buzzword.
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What Are Wyckoff’s Three Laws? 1- The Law of Supply and Demand The Law of Supply and Demand is a basic economic concept, not unique to the Wyckoff Method. The Wyckoff Method focuses primarily on how traders can analyze supply and demand to make informed trades. Specifically, this law involves three principles: - Prices rise when demand is greater than supply. - Prices drop when demand is less than supply. - Prices do not significantly change when demand equals supply. 2- The Law of Cause and Effect The Law of Cause and Effect is Wyckoff’s rule that says that every change (effect) is caused by certain factors occurring in the market (cause). Wyckoff states that price rises are the result of an accumulation phase, not random occurrences. Similarly, price drops result from a distribution phase. The cause — accumulation or distribution — is what creates the price effect. 3- The Law of Effort vs. Result The Law of Effort vs. Result is used to determine whether a particular market trend will continue. This law compares the trading volume (effort) to the price action (result). Simply put, the purpose of this law is to highlight that most traders should only put in the effort to make a trade for a particular result. If the price action is reflected in the trading volume, then the market is in harmony when it comes to supply and demand. However, a lot of sideways trading and very little price action can foreshadow a reversal.
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When a Doji candlestick appears, both sellers and buyers do not take advantage of controlling the price. The appearance of Doji signifies the stagnation of the market. There are 4 types of Doji candlestick that you often come across: Neutral Doji, Long-Legged Doji, Dragonfly Doji, Gravestone Doji. Neutral Doji looks like a plus mark “+”. It shows that when the candlestick is formed. The price does not increase or decrease remarkably. Long-Legged Doji is contrary to Neutral Doji. When Long-Legged Doji is formed, the price fluctuates significantly. However, the opening price is equal to the closing price. Dragonfly Doji looks like the letter “T”. It has a long lower shadow. Opening price and closing price are equal to the highest price during the time the candlestick is formed. Gravestone Doji is contrary to Dragonfly Doji. Opening price and closing price are equal to the lowest price during the time the candlestick is formed.
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