LIVESajjad Askari
@Sajjad_Askari
Trading via only technical analysis 📈.A data scientist and cloud enthusiast🧑🏻💻.
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$SHIB Analysis
Shiba Inu (SHIB) has been on a downward trend since its all-time high of $0.00008845 in October 2021. However, the price has recently started to show signs of a reversal, breaking out of a long-term trendline. This could be a bullish signal, and if the price can continue to rise, it could reach new highs in the future.
The following are some of the key trendlines that are being watched by analysts:
The monthly trendline: This trendline has been in place since SHIB's all-time high in October 2021. The price recently broke out of this trendline, which could be a bullish signal. The 200-day
moving average: This moving average is also providing support for SHIB. If the price can stay above this moving average, it will be a positive sign for the bulls.
The $0.000008 resistance level: This is a key resistance level that SHIB has been unable to break through in recent months. If the price can break through this level, it would be a bullish signal.
Overall, the trendlines are starting to look bullish for SHIB. However, it is important to remember that the cryptocurrency market is volatile and anything can happen. It is always advisable to do your own research before investing in any cryptocurrency.
Here are some of the factors that could impact the price of SHIB in the future:
The overall performance of the cryptocurrency market. The release of new features or products by the Shiba Inu team. Partnerships with other companies or organizations. Public interest in SHIB.
#Shibainu
Shiba Inu (SHIB) has been on a downward trend since its all-time high of $0.00008845 in October 2021. However, the price has recently started to show signs of a reversal, breaking out of a long-term trendline. This could be a bullish signal, and if the price can continue to rise, it could reach new highs in the future.
The following are some of the key trendlines that are being watched by analysts:
The monthly trendline: This trendline has been in place since SHIB's all-time high in October 2021. The price recently broke out of this trendline, which could be a bullish signal. The 200-day
moving average: This moving average is also providing support for SHIB. If the price can stay above this moving average, it will be a positive sign for the bulls.
The $0.000008 resistance level: This is a key resistance level that SHIB has been unable to break through in recent months. If the price can break through this level, it would be a bullish signal.
Overall, the trendlines are starting to look bullish for SHIB. However, it is important to remember that the cryptocurrency market is volatile and anything can happen. It is always advisable to do your own research before investing in any cryptocurrency.
Here are some of the factors that could impact the price of SHIB in the future:
The overall performance of the cryptocurrency market. The release of new features or products by the Shiba Inu team. Partnerships with other companies or organizations. Public interest in SHIB.
#Shibainu
🚨📢 BREAKING: MAJOR Issues with #Shibarium's Blockchain
Shibarium is a layer 2 blockchain developed by the Shiba Inu community to address the scalability and high gas fees problems of the Ethereum blockchain. The testnet was released in July 2023, but it was plagued with problems and the mainnet launch has been delayed indefinitely. The future of Shibarium is uncertain, but it is a risky investment at this time.
In the meantime, there are other layer 2
Only time will tell what the future holds for Shibarium. However, the project's current problems have made it a risky investment. Investors should carefully consider the risks before putting any money into $SHIB
#Shibainu
Shibarium is a layer 2 blockchain developed by the Shiba Inu community to address the scalability and high gas fees problems of the Ethereum blockchain. The testnet was released in July 2023, but it was plagued with problems and the mainnet launch has been delayed indefinitely. The future of Shibarium is uncertain, but it is a risky investment at this time.
In the meantime, there are other layer 2
Only time will tell what the future holds for Shibarium. However, the project's current problems have made it a risky investment. Investors should carefully consider the risks before putting any money into $SHIB
#Shibainu
$BTC LONG TERM SCENARIO
BTC long term scenario keep it in mind whether it`s going in any direction but for me down is more expected before big pump till next 2/3 months.
#BTC
BTC long term scenario keep it in mind whether it`s going in any direction but for me down is more expected before big pump till next 2/3 months.
#BTC
$ETC ANALYSIS
30 MIN TIMEFRAME
The pivot point of 16.23 is a support level. The RSI is trading below 30, which indicates that the bears are in control. The MACD is negative and above its signal line, which is also bearish. However, the price is trading under both its 20 and 50 period moving average, which suggests that the market is oversold and could be due for a rebound.
The analyst's preference is for a rebound towards 17.19, but there is also a risk of a breakdown below 16.23. If the price breaks below 16.23, the next support levels are 15.86 and 15.64. If the price breaks above 16.23, the next resistance levels are 17.63, 17.41, and 17.19.
Overall, the technical indicators are bearish. The RSI and MACD are both bearish, and the price is trading under its moving averages. However, the price is oversold, which suggests that a rebound could be in the cards. Traders should monitor the price action closely and be prepared to take action accordingly.
Here are some additional thoughts on the technical analysis:
* The RSI is trading below 30, which is a very oversold level.
* This suggests that the bears may have exhausted themselves and that a rebound could be in the works.
* The MACD is negative and above its signal line, which is a mixed signal.
* This suggests that the bears are in control, but the bulls are not yet ready to take over.
* The price is trading under its moving averages, which is a bearish signal. However, the price is close to its moving averages, which suggests that a rebound could be imminent.
I hope this helps!
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30 MIN TIMEFRAME
The pivot point of 16.23 is a support level. The RSI is trading below 30, which indicates that the bears are in control. The MACD is negative and above its signal line, which is also bearish. However, the price is trading under both its 20 and 50 period moving average, which suggests that the market is oversold and could be due for a rebound.
The analyst's preference is for a rebound towards 17.19, but there is also a risk of a breakdown below 16.23. If the price breaks below 16.23, the next support levels are 15.86 and 15.64. If the price breaks above 16.23, the next resistance levels are 17.63, 17.41, and 17.19.
Overall, the technical indicators are bearish. The RSI and MACD are both bearish, and the price is trading under its moving averages. However, the price is oversold, which suggests that a rebound could be in the cards. Traders should monitor the price action closely and be prepared to take action accordingly.
Here are some additional thoughts on the technical analysis:
* The RSI is trading below 30, which is a very oversold level.
* This suggests that the bears may have exhausted themselves and that a rebound could be in the works.
* The MACD is negative and above its signal line, which is a mixed signal.
* This suggests that the bears are in control, but the bulls are not yet ready to take over.
* The price is trading under its moving averages, which is a bearish signal. However, the price is close to its moving averages, which suggests that a rebound could be imminent.
I hope this helps!
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share your thoughts in comment section:) Hope for the best
$DOT Analysis
TARGET 10$
It is correct that DOT has made a double bottom bounce on the weekly chart. This is a bullish sign, but the price needs to break the resistance cluster confluence of trendline resistance and horizontal at $5.76 to confirm the breakout. If the price breaks above $5.76, it could target the next resistance level at $10.26. However, if the price dumps below $4.87, it could invalidate the breakout and resume the downtrend.
Here are some additional thoughts on the analysis:
* The double bottom bounce is a bullish signal because it shows that the bears were unable to sustain the downtrend.The resistance cluster confluence at $5.76 is a strong resistance level.
* If the price breaks above this level, it would be a significant bullish signal.The target of $10.26 is based on the Fibonacci retracement levels.
* This is a popular technical analysis tool that traders use to identify potential support and resistance levels.
* The stop-loss of $4.87 is based on the 50% Fibonacci retracement level. This is a common level where traders place stop-losses to protect their profits.
Overall, the analysis is bullish for DOT.
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TARGET 10$
It is correct that DOT has made a double bottom bounce on the weekly chart. This is a bullish sign, but the price needs to break the resistance cluster confluence of trendline resistance and horizontal at $5.76 to confirm the breakout. If the price breaks above $5.76, it could target the next resistance level at $10.26. However, if the price dumps below $4.87, it could invalidate the breakout and resume the downtrend.
Here are some additional thoughts on the analysis:
* The double bottom bounce is a bullish signal because it shows that the bears were unable to sustain the downtrend.The resistance cluster confluence at $5.76 is a strong resistance level.
* If the price breaks above this level, it would be a significant bullish signal.The target of $10.26 is based on the Fibonacci retracement levels.
* This is a popular technical analysis tool that traders use to identify potential support and resistance levels.
* The stop-loss of $4.87 is based on the 50% Fibonacci retracement level. This is a common level where traders place stop-losses to protect their profits.
Overall, the analysis is bullish for DOT.
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It’s 999
Thank you y’all for this milestone 🙏🏻
Will share more technical analysis
#crypto2023 #BTC #ETH
Thank you y’all for this milestone 🙏🏻
Will share more technical analysis
#crypto2023 #BTC #ETH
$ETH Analysis
TARGET 1990
**NEVER ENTER WITHOU BREAKOUT**
1 HOUR TIMEFRAME
The pivot point of 1827 is a neutral level. The RSI is above its neutrality area at 50, which indicates that the bulls are in control. The MACD is negative and above its signal line, which is also bullish. However, the MACD must break above its zero level to trigger further gains. The price is above its 20 period moving average but below its 50 period moving average. This suggests that the market is consolidating and could be ready to break out either to the upside or to the downside.
The analyst's preference is for a rebound, but there is also a risk of a breakdown below 1827. If the price breaks below 1827, the next support levels are 1802 and 1788. If the price breaks above 1827, the next resistance levels are 1919, 1905, and 1890.
Overall, the technical indicators are mixed. The RSI and MACD are bullish, but the price is still below its 50 period moving average. The analyst's preference is for a rebound, but there is also a risk of a breakdown below 1827. Traders should monitor the price action closely and be prepared to take action accordingly.
#ETH #Ethereum
TARGET 1990
**NEVER ENTER WITHOU BREAKOUT**
1 HOUR TIMEFRAME
The pivot point of 1827 is a neutral level. The RSI is above its neutrality area at 50, which indicates that the bulls are in control. The MACD is negative and above its signal line, which is also bullish. However, the MACD must break above its zero level to trigger further gains. The price is above its 20 period moving average but below its 50 period moving average. This suggests that the market is consolidating and could be ready to break out either to the upside or to the downside.
The analyst's preference is for a rebound, but there is also a risk of a breakdown below 1827. If the price breaks below 1827, the next support levels are 1802 and 1788. If the price breaks above 1827, the next resistance levels are 1919, 1905, and 1890.
Overall, the technical indicators are mixed. The RSI and MACD are bullish, but the price is still below its 50 period moving average. The analyst's preference is for a rebound, but there is also a risk of a breakdown below 1827. Traders should monitor the price action closely and be prepared to take action accordingly.
#ETH #Ethereum
$DOGE ANLAYSIS may rise to 0.0792 - 0.0801
30 MIN TIMEFRAME
The current pivot point for #Doge is 0.0755, which is a support level. The preference is for the price to continue to rise as long as 0.0755 is support. However, if the price breaks below 0.0755, it is likely to fall towards 0.0738 and 0.0729.
The RSI is above its neutrality area at 50, which indicates that the bulls are in control. The MACD is positive and above its signal line, which also suggests that the momentum is positive. This could lead to further upside in the price.
The price is also trading above both its 20 and 50 period moving average (respectively at 0.0765 and 0.0759). This suggests that the trend is up and the price is likely to continue to rise.
Overall, the technical indicators suggest that $DOGE is in a bullish state and could go higher. However, it is important to monitor the price closely and be prepared for a pullback if the price breaks below 0.0755.
Here are the key takeaways:
* The pivot point for SHIB is 0.0755.
* The preference is for the price to rise as long as 0.0755 is support.
* If the price breaks below 0.0755, it is likely to fall to 0.0738 and 0.0729.
* The RSI is above its neutrality area at 50.The MACD is positive and above its signal line.
* The price is trading above both its 20 and 50 period moving average.
#doge
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30 MIN TIMEFRAME
The current pivot point for #Doge is 0.0755, which is a support level. The preference is for the price to continue to rise as long as 0.0755 is support. However, if the price breaks below 0.0755, it is likely to fall towards 0.0738 and 0.0729.
The RSI is above its neutrality area at 50, which indicates that the bulls are in control. The MACD is positive and above its signal line, which also suggests that the momentum is positive. This could lead to further upside in the price.
The price is also trading above both its 20 and 50 period moving average (respectively at 0.0765 and 0.0759). This suggests that the trend is up and the price is likely to continue to rise.
Overall, the technical indicators suggest that $DOGE is in a bullish state and could go higher. However, it is important to monitor the price closely and be prepared for a pullback if the price breaks below 0.0755.
Here are the key takeaways:
* The pivot point for SHIB is 0.0755.
* The preference is for the price to rise as long as 0.0755 is support.
* If the price breaks below 0.0755, it is likely to fall to 0.0738 and 0.0729.
* The RSI is above its neutrality area at 50.The MACD is positive and above its signal line.
* The price is trading above both its 20 and 50 period moving average.
#doge
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$BNB Analysis may rise to 245.2 - 247.4
30 MIN TIMEFRAME
The current pivot point is 237.8, which is a support level. The preference is for the price to continue to rise as long as 237.8 is support. However, if the price breaks below 237.8, it is likely to fall towards 234.1 and 232.0.
The RSI is above its neutrality area at 50, which indicates that the bulls are in control. The MACD is above its signal line and positive, which also suggests that the momentum is positive. This could lead to further upside in the price.
The price is also trading above both its 20 and 50 period moving average (respectively at 240.5 and 240.4). This suggests that the trend is up and the price is likely to continue to rise.
Overall, the technical indicators suggest that the market is in a bullish state and could go higher. However, it is important to monitor the price closely and be prepared for a pullback if the price breaks below 237.8.
Here are the key takeaways:
* The pivot point is 237.8.
* The preference is for the price to rise as long as 237.8 is support.
* If the price breaks below 237.8, it is likely to fall to 234.1 and 232.0.
* The RSI is above its neutrality area at 50. The MACD is above its signal line and positive.
* The price is trading above both its 20 and 50 period moving average.
I hope this is helpful!
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#BNB
30 MIN TIMEFRAME
The current pivot point is 237.8, which is a support level. The preference is for the price to continue to rise as long as 237.8 is support. However, if the price breaks below 237.8, it is likely to fall towards 234.1 and 232.0.
The RSI is above its neutrality area at 50, which indicates that the bulls are in control. The MACD is above its signal line and positive, which also suggests that the momentum is positive. This could lead to further upside in the price.
The price is also trading above both its 20 and 50 period moving average (respectively at 240.5 and 240.4). This suggests that the trend is up and the price is likely to continue to rise.
Overall, the technical indicators suggest that the market is in a bullish state and could go higher. However, it is important to monitor the price closely and be prepared for a pullback if the price breaks below 237.8.
Here are the key takeaways:
* The pivot point is 237.8.
* The preference is for the price to rise as long as 237.8 is support.
* If the price breaks below 237.8, it is likely to fall to 234.1 and 232.0.
* The RSI is above its neutrality area at 50. The MACD is above its signal line and positive.
* The price is trading above both its 20 and 50 period moving average.
I hope this is helpful!
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#BNB
$DOT Analysis may rise to 5.14 - 5.19
30 MIN TIMEFRAME
The current pivot point is 4.95, which is a neutral level. The preference is for the price to continue to rise towards 5.19 as long as 4.95 is support. However, if the price breaks below 4.95, it is likely to fall towards 4.86.
The RSI is above its neutrality area at 50, which indicates that the bulls are in control. However, the MACD is positive and below its signal line, which suggests that the momentum is slowing down. This could lead to a retracement in the price.
The price is also trading under its 20 period moving average (5.03) but above its 50 period moving average (5.01). This suggests that the market is moving sideways and could be ripe for a breakout.
Overall, the technical indicators suggest that the market is in a neutral state and could go either way. However, the preference is for the price to continue to rise towards 5.19 as long as 4.95 is support.
Here are the key takeaways:
The pivot point is 4.95.
The preference is for the price to rise to 5.19 as long as 4.95 is support.
If the price breaks below 4.95, it is likely to fall to 4.86.
The RSI is above its neutrality area at 50.The MACD is positive and below its signal line.
The price is trading under its 20 period moving average (5.03) but above its 50 period moving average (5.01).
I hope this is helpful!
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30 MIN TIMEFRAME
The current pivot point is 4.95, which is a neutral level. The preference is for the price to continue to rise towards 5.19 as long as 4.95 is support. However, if the price breaks below 4.95, it is likely to fall towards 4.86.
The RSI is above its neutrality area at 50, which indicates that the bulls are in control. However, the MACD is positive and below its signal line, which suggests that the momentum is slowing down. This could lead to a retracement in the price.
The price is also trading under its 20 period moving average (5.03) but above its 50 period moving average (5.01). This suggests that the market is moving sideways and could be ripe for a breakout.
Overall, the technical indicators suggest that the market is in a neutral state and could go either way. However, the preference is for the price to continue to rise towards 5.19 as long as 4.95 is support.
Here are the key takeaways:
The pivot point is 4.95.
The preference is for the price to rise to 5.19 as long as 4.95 is support.
If the price breaks below 4.95, it is likely to fall to 4.86.
The RSI is above its neutrality area at 50.The MACD is positive and below its signal line.
The price is trading under its 20 period moving average (5.03) but above its 50 period moving average (5.01).
I hope this is helpful!
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The Indian government is considering a 30% tax on cryptocurrency transactions. The government has also proposed a 1% tax on all cryptocurrency holdings. Share your thoughts in comment section
$BTC
#crypto #crypto2023 #BTC #India
$BTC
#crypto #crypto2023 #BTC #India
$BTC analysis
1Hour Time frame
The technical analysis for the long-term outlook for BTCUSD is bullish, as it is trading within an ascending parallel channel. However, the short-term outlook is bearish, as the pair is trading within a corrective bearish trend.
The main detail to watch is the key level at 29,320. If BTCUSD breaks below this level, it could drop towards the strong support level at 28,810. However, if BTCUSD is able to hold above 28,810, it could rebound and continue its long-term bullish trend.
I would recommend looking for buying opportunities as long as BTCUSD is trading above 28,810. However, it is important to remember that the cryptocurrency market is volatile and unpredictable, so it is important to do your own research before making any investment decision.
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#BTC
1Hour Time frame
The technical analysis for the long-term outlook for BTCUSD is bullish, as it is trading within an ascending parallel channel. However, the short-term outlook is bearish, as the pair is trading within a corrective bearish trend.
The main detail to watch is the key level at 29,320. If BTCUSD breaks below this level, it could drop towards the strong support level at 28,810. However, if BTCUSD is able to hold above 28,810, it could rebound and continue its long-term bullish trend.
I would recommend looking for buying opportunities as long as BTCUSD is trading above 28,810. However, it is important to remember that the cryptocurrency market is volatile and unpredictable, so it is important to do your own research before making any investment decision.
Like comment and follow for more.
#BTC
Some good news for #crypto2023
Bitcoin ($BTC) rose above $30,000 on Wednesday morning in Asia, as major players like PayPal delve into the crypto realm.
PayPal launched its first stablecoin, called PayPal USD, on Tuesday. The stablecoin is backed by 1:1 by U.S. dollars and can be used to buy and sell cryptocurrencies on PayPal.
Solana ($SOL) led the post-PayPal stablecoin launch rally, with gains of over 10%. SOL is now the fifth-largest cryptocurrency by market capitalization.
Several U.S. banks were downgraded by Moody's on Tuesday, citing concerns about their exposure to the crypto market. The banks include Citigroup, Goldman Sachs, and Morgan Stanley.
Coinbase revenue beat estimates in the second quarter. The company's revenue rose 62% year-over-year to $1.17 billion.urrencies.
Bitcoin ($BTC) rose above $30,000 on Wednesday morning in Asia, as major players like PayPal delve into the crypto realm.
PayPal launched its first stablecoin, called PayPal USD, on Tuesday. The stablecoin is backed by 1:1 by U.S. dollars and can be used to buy and sell cryptocurrencies on PayPal.
Solana ($SOL) led the post-PayPal stablecoin launch rally, with gains of over 10%. SOL is now the fifth-largest cryptocurrency by market capitalization.
Several U.S. banks were downgraded by Moody's on Tuesday, citing concerns about their exposure to the crypto market. The banks include Citigroup, Goldman Sachs, and Morgan Stanley.
Coinbase revenue beat estimates in the second quarter. The company's revenue rose 62% year-over-year to $1.17 billion.urrencies.
$ETH Analysis
30 MIN TIMEFRAME
Sure, here is the analysis in 100 words:
The pivot point of 1836 is a key level to watch. If the price remains above 1836, then there is a good chance that it will continue to rise to 1900. However, if the price breaks below 1836, then it could fall to 1811 or 1797.
The RSI and moving averages are both bullish, but the MACD is starting to slow down. This suggests that the momentum is starting to fade, but there is still potential for the price to rise to 1900.
Overall, the technical indicators are mixed. The preferred scenario is for the price to remain above 1836 and move up to 1900. However, there is also a risk of a downside breakout below 1836, which could push the price down to 1811 or 1797.
30 MIN TIMEFRAME
Sure, here is the analysis in 100 words:
The pivot point of 1836 is a key level to watch. If the price remains above 1836, then there is a good chance that it will continue to rise to 1900. However, if the price breaks below 1836, then it could fall to 1811 or 1797.
The RSI and moving averages are both bullish, but the MACD is starting to slow down. This suggests that the momentum is starting to fade, but there is still potential for the price to rise to 1900.
Overall, the technical indicators are mixed. The preferred scenario is for the price to remain above 1836 and move up to 1900. However, there is also a risk of a downside breakout below 1836, which could push the price down to 1811 or 1797.
PYUSD: How PayPal's New Stablecoin Could Change the Game?
PayPal announced the launch of PYUSD on August 7, 2023. It is currently only available to PayPal customers in the United States, but it is expected to be rolled out to more countries in the coming months.
Here are some of the benefits of using PYUSD:
It is always worth 1 USD, so you don't have to worry about its value fluctuating.
It is backed by secure and liquid assets, so it is safe and secure.
It can be used to fund purchases on PayPal and Venmo, and it can also be exchanged for other cryptocurrencies.
It is the first stablecoin to be launched by a major financial institution, which gives it credibility.
If you are looking for a stable and secure way to store your money, or if you want to use cryptocurrency to make purchases, PYUSD is a good option.
PayPal announced the launch of PYUSD on August 7, 2023. It is currently only available to PayPal customers in the United States, but it is expected to be rolled out to more countries in the coming months.
Here are some of the benefits of using PYUSD:
It is always worth 1 USD, so you don't have to worry about its value fluctuating.
It is backed by secure and liquid assets, so it is safe and secure.
It can be used to fund purchases on PayPal and Venmo, and it can also be exchanged for other cryptocurrencies.
It is the first stablecoin to be launched by a major financial institution, which gives it credibility.
If you are looking for a stable and secure way to store your money, or if you want to use cryptocurrency to make purchases, PYUSD is a good option.
PayPal Launches First Stablecoin, PYUSD
PYUSD is the latest coin that PayPal is launching. It is a U.S. dollar-backed stablecoin, which means that it is always worth 1 USD. PYUSD is issued by Paxos Trust Company and is fully backed by U.S. dollar deposits, short-term U.S. Treasuries and similar cash equivalents. This means that PayPal customers can be confident that their PYUSD is always safe and secure.
PYUSD can be used to fund purchases on PayPal and Venmo, and it can also be exchanged for other cryptocurrencies. It is the first stablecoin to be launched by a major financial institution, and it is expected to play a significant role in the adoption of cryptocurrencies by mainstream consumers.
PayPal announced the launch of PYUSD on August 7, 2023. It is currently only available to PayPal customers in the United States, but it is expected to be rolled out to more countries in the coming months.
Here are some of the benefits of using PYUSD:
It is always worth 1 USD, so you don't have to worry about its value fluctuating.
It is backed by secure and liquid assets, so it is safe and secure.
It can be used to fund purchases on PayPal and Venmo, and it can also be exchanged for other cryptocurrencies.
It is the first stablecoin to be launched by a major financial institution, which gives it credibility.
If you are looking for a stable and secure way to store your money, or if you want to use cryptocurrency to make purchases, PYUSD is a good option.
PYUSD can be used to fund purchases on PayPal and Venmo, and it can also be exchanged for other cryptocurrencies. It is the first stablecoin to be launched by a major financial institution, and it is expected to play a significant role in the adoption of cryptocurrencies by mainstream consumers.
PayPal announced the launch of PYUSD on August 7, 2023. It is currently only available to PayPal customers in the United States, but it is expected to be rolled out to more countries in the coming months.
Here are some of the benefits of using PYUSD:
It is always worth 1 USD, so you don't have to worry about its value fluctuating.
It is backed by secure and liquid assets, so it is safe and secure.
It can be used to fund purchases on PayPal and Venmo, and it can also be exchanged for other cryptocurrencies.
It is the first stablecoin to be launched by a major financial institution, which gives it credibility.
If you are looking for a stable and secure way to store your money, or if you want to use cryptocurrency to make purchases, PYUSD is a good option.
$LINK ANALYSIS
30 MIN TIMEFRAME
The current pivot point for Chainlink is 7.15. This means that if the price of Chainlink falls below 7.15, it is more likely to continue falling to 6.93 and 6.80. However, if the price of Chainlink remains above 7.15, it is more likely to continue rising to 7.99, 7.86, and 7.73.
The RSI above 50 and the MACD positive and above its signal line. This suggests that the trend is still bullish, and that the price of Chainlink is more likely be bullish.
Overall, the outlook for Chainlink is positive, but there is some risk of a downside breakout if the price falls below 7.15. Investors should monitor the technical indicators closely and be prepared to take profits if the price reaches the resistance levels at 7.99, 7.86, and 7.73.
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30 MIN TIMEFRAME
The current pivot point for Chainlink is 7.15. This means that if the price of Chainlink falls below 7.15, it is more likely to continue falling to 6.93 and 6.80. However, if the price of Chainlink remains above 7.15, it is more likely to continue rising to 7.99, 7.86, and 7.73.
The RSI above 50 and the MACD positive and above its signal line. This suggests that the trend is still bullish, and that the price of Chainlink is more likely be bullish.
Overall, the outlook for Chainlink is positive, but there is some risk of a downside breakout if the price falls below 7.15. Investors should monitor the technical indicators closely and be prepared to take profits if the price reaches the resistance levels at 7.99, 7.86, and 7.73.
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$ADA Analysis
1D Timeframe
ADA is a slow-mover but fundamentally strong crypto that has great potential to deliver humongous gains in the next bull run.
ADA is a slow-moving cryptocurrency, but it is built on a solid foundation and has the potential to deliver big gains in the next bull market.ADA is a cryptocurrency that is not as flashy as some of its competitors, but it is a solid investment with the potential to generate significant returns over time.
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1D Timeframe
ADA is a slow-mover but fundamentally strong crypto that has great potential to deliver humongous gains in the next bull run.
ADA is a slow-moving cryptocurrency, but it is built on a solid foundation and has the potential to deliver big gains in the next bull market.ADA is a cryptocurrency that is not as flashy as some of its competitors, but it is a solid investment with the potential to generate significant returns over time.
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According to FinBert, the sentiment analysis of crypto remains neutral as of today, August 7, 2023. There are no major news events that have caused a significant shift in sentiment. However, there are a few minor news items that could have a small impact on the market.
One piece of news is that the SEC is reportedly investigating Tether, the issuer of the USDT stablecoin. This could be a negative development for the crypto market, as it could lead to Tether being delisted from exchanges. However, it is important to note that the SEC has not yet made any formal charges against Tether.
According to FinBert, the sentiment analysis of crypto remains neutral as of today, August 7, 2023. There are no major news events that have caused a significant shift in sentiment. However, there are a few minor news items that could have a small impact on the market.
One piece of news is that the SEC is reportedly investigating Tether, the issuer of the USDT stablecoin. This could be a negative development for the crypto market, as it could lead to Tether being delisted from exchanges. However, it is important to note that the SEC has not yet made any formal charges against Tether.
