Day2
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#Day2 :
Analyzing support and resistance levels in a cryptocurrency involves studying price charts. Support is where buying interest is significantly strong, preventing the price from falling further. Resistance is where selling interest is substantial, preventing the price from rising. Look for historical price points where the coin tends to bounce back (support) or face selling pressure (resistance). Chart patterns, trendlines, and key psychological levels can help identify these levels. Consider using technical analysis tools or consulting market analysis resources for a more detailed approach.
âšïž
#Homework :
Find this Pattern & drop the picture of it on comment section.
Or
You can put your drawing also.
Analyzing support and resistance levels in a cryptocurrency involves studying price charts. Support is where buying interest is significantly strong, preventing the price from falling further. Resistance is where selling interest is substantial, preventing the price from rising. Look for historical price points where the coin tends to bounce back (support) or face selling pressure (resistance). Chart patterns, trendlines, and key psychological levels can help identify these levels. Consider using technical analysis tools or consulting market analysis resources for a more detailed approach.
âšïž
#Homework :
Find this Pattern & drop the picture of it on comment section.
Or
You can put your drawing also.
Starting Day 2 of our challenge with a $30 loss in fees (0.18 $SOL). Starting today with $992 and 18.6M in $PPC, totaling 6.36 $SOL. Let's see where this journey takes us! đ
#CryptoChallenge #MemeLauncher #Day2 #SOL #mememcoinseason2024
#CryptoChallenge #MemeLauncher #Day2 #SOL #mememcoinseason2024
đđ„đšđđ€đŹ đđ đđĄđđąđ§đŹ đđšđđšđđČ đđšđ„đ đđšđź đđđšđźđ đđ§đ đđĄđČ đđ'đŹ đđŠđ©đšđ«đđđ§đ đđ§ đđ«đČđ©đđš/đđđ3 (65 đđđđšđ§đđŹ đđđđ!)
Whether Crypto, NFTs, DEFI, Metaverse, SociaFi etc
There's one important thing that powers them and makes them work.
It is called the Blockchain.
What then is Blockchain?
Blockchain is a digital ledger or database
that records and verifies transactions in a
secure & transparent way done by users.
Instead of relying
on a central authority to
validate transactions (like the banks),
Blockchain uses a network of computers to
approve and record each transaction. This
creates proof of records of all transactions,
which are what make the blockchain so
secure. And The key benefits of
blockchain include:
âȘïž Immutability
(means, once a transaction is recorded, it can't be altered or deleted)
âȘïž Transparency
(means, every transaction is recorded and available for anyone to see)
âȘïž Decentralization
(means, it's not controlled by any central authority like banks or the government)
These features highlighted above make
Blockchain a powerful tool for a wide
range of applications, including
Crypto, NFTs, DeFi, SociaFi.
and the likes as listed
above earlier.
Note: Without Blockchain, Crypto or Web3
applications wouldn't be possible! Got it??
That's a wrap for Day 2 of our 4-week of Crypto/Web3 Content.
Was this content easy for you to understand? Or what stood out for you most?
Let me know in the comment section.
đ Kindly hit like đ if you find this content
easy and interesting in order to boost it.
đđđđđ đđđđ đđđđđđ đđ đđđđđđđ? đ»đđđ đđ¶đłđłđ¶đŸ đđ
© Michael Akerele (#AwesomeMike)
#Day2
#finance
#Web3 #crypto
#HDLifeCommunity
#bitcoin #blockchain
#cryptocurrency
Whether Crypto, NFTs, DEFI, Metaverse, SociaFi etc
There's one important thing that powers them and makes them work.
It is called the Blockchain.
What then is Blockchain?
Blockchain is a digital ledger or database
that records and verifies transactions in a
secure & transparent way done by users.
Instead of relying
on a central authority to
validate transactions (like the banks),
Blockchain uses a network of computers to
approve and record each transaction. This
creates proof of records of all transactions,
which are what make the blockchain so
secure. And The key benefits of
blockchain include:
âȘïž Immutability
(means, once a transaction is recorded, it can't be altered or deleted)
âȘïž Transparency
(means, every transaction is recorded and available for anyone to see)
âȘïž Decentralization
(means, it's not controlled by any central authority like banks or the government)
These features highlighted above make
Blockchain a powerful tool for a wide
range of applications, including
Crypto, NFTs, DeFi, SociaFi.
and the likes as listed
above earlier.
Note: Without Blockchain, Crypto or Web3
applications wouldn't be possible! Got it??
That's a wrap for Day 2 of our 4-week of Crypto/Web3 Content.
Was this content easy for you to understand? Or what stood out for you most?
Let me know in the comment section.
đ Kindly hit like đ if you find this content
easy and interesting in order to boost it.
đđđđđ đđđđ đđđđđđ đđ đđđđđđđ? đ»đđđ đđ¶đłđłđ¶đŸ đđ
© Michael Akerele (#AwesomeMike)
#Day2
#finance
#Web3 #crypto
#HDLifeCommunity
#bitcoin #blockchain
#cryptocurrency
