GameFi veteran of the last bull cycle 🚗 Decentraland — de facto a virtual world on the blockchain, where people own, build, and monetize digital real estate. Someone might immediately recall Sandbox with their token $SAND. Yes, competitors. In fact, 'Decentraland' was founded as one of the first metaverse worlds back in 2017. It was founded by Ari Meilich and Esteban Ordano. Starting as a small startup, they accepted collaboration with Samsung, Adidas, and grew a team of a dozen people, driving the token's market capitalization on the Ethereum network to nearly one billion dollars.
Why is this important? The lower the dominance of the first cryptocurrency in the market, the higher the value of altcoins and everything that is not Bitcoin.
In other words — lower BTC dominance, higher alt-season index
Dominance $BTC on the chart shows signs of the beginning of a corrective movement, which is also confirmed by the MACD reversal formation.
Today we will talk about one of the thousands of projects aimed at protecting user privacy on the internet.
The NYM project was founded in 2018. The CEO is Harry Halpin, PhD in artificial intelligence, who previously worked at W3C and MIT.
The highlight of NYM will be its own decentralized platform that ensures anonymity: technologies for masking metadata, preventing information leaks, infrastructure for protecting transactions, and mixnodes.
There were so many messages in the private messages that I managed to collect the most popular questions, complaints and objections here in a post to destroy them once and for all! — First you need to earn, and then invest. A fundamental misconception. Just like "I'll go to the gym on Monday." But Monday will come, money will appear and the person will do something else, but not his plans.
🔗 How the Fed affects cryptocurrency rates. Are decentralized finances really like this? Today, the market reacted with a sharp decline and an equally sharp recovery $BTC . At least this happened after the publication of U.S. macro data and the Fed meeting. Just think about how states influence the market; the isolated world from traditional finance is becoming increasingly dependent on them. Nevertheless, many do not understand how these factors are related.
A comprehensive topic at the request of readers, which will start from here.
Today we'll talk about the basics and tools we use to build strategies and work with asset charts. Indicators that help catch the movement: MACD (Moving Average Convergence Divergence) — The indicator shows the crossing of moving averages and the strength of the trend.
If we look at the price dynamics for the 4th quarter of 2024, we can see that for most of this period SOL outperformed ETH and BTC. However, since early December, the leadership has shifted to ETH.
🔹 30-day dynamics:
- $ETH : +26.96% 🚀
- $BTC : +17.49% 📈
- $SOL : +1.61% 📊.
The price dynamics of Ethereum only emphasize its recent dominance. It is important to pay special attention to how the market will move in the next few weeks!
The asset shows a strong upward trend with confident movement within the defined range of support and resistance.
In the last month, the price has consolidated in sideways movement, building momentum for a new impulse.
📈 It now indicates a breakout of static and dynamic resistance, but this could still be a false breakout, a 'trap for hamster traders'.
I recommend considering an entry into a long position on the retest of the resistance level, which can now act as support: 0.00005700$ – 0.00005900$.
An additional signal is provided by the MACD indicator on the 4-hour timeframe, indicating a forming upward reversal. The target of the movement is the next resistance zone, with the potential for further growth within the trend structure: 0.00007190$ (the 138.20% Fibonacci level).
🗓 After a strong impulsive rise, the asset entered a correction, accompanied by the formation of unfilled FVG. This structure indicates unfinished movement and provides grounds to expect further pullback for liquidity search.
A pullback to the area of interest will allow entering LONG with minimal risks and a high probability of reversal.
🛫 Area of interest for entry: range 0.0000000390$ – 0.0000000420$. Matches with 38.20% Fibonacci retracement level and is a potentially strong reversal range.
🛒 Target for fixation: 0.0000000710$ (138.20% Fibonacci level) with a possible update of ATH at 0.0000000784$.
As a piece of advice — if you have never heard of an asset, you should not invest in it! I have not heard of Mog, so I will only be trading.
On the $MOG chart, a clear upward trend channel is visible. The recent false breakout and subsequent reaction from the local support level confirmed the importance of the level as the first potential entry point for LONG positions.
If the local support level does not hold, the key zone will become the primary level below.
Both levels coincide with areas of interest (liquidity zones), so we will be waiting for a reversal specifically at these marks. Such areas historically attract volumes, where market participants start opening positions.
The upward channel, while maintaining the current structure, provides a clear potential for further growth, with targets above recent highs. More details on the forecast can be found directly in the screenshot.
We'll look into the main reason for endless apathy, how to fix it, and why it's dangerous to do what each of you does every day.
We are what we eat, consuming empty calories, you systematically and faithfully deplete your own body, fast food, sweet carbonated drinks, baked goods made from white flour and semi-finished products do not contain useful substances, vitamins, minerals, fiber and be, but only overload the digestive system and provoke the development of dangerous diseases. Depriving yourself of food discipline. The body loses energy and becomes unable to maintain vital functions. What kind of increase in capital or endurance in transactions can we talk about if someone is not able to pull themselves together. Not even the market. Empty calories cause spikes in blood sugar. Hence the sudden mood swings. Permanent fatigue and problems with the center 1 of the key reasons why some find it difficult to learn new things. It is nutrition, constant consumption of such food is a slow rejection of your own health. If you compare the body with a car, then unhealthy food is low-quality fuel, which destroys the engine from the inside. Draw your conclusions, colleagues, let's continue.
"Dogs on the Moon!" or we continue the meme marathon.
🤩 Another popular and viral asset that is worth nothing on its own outside of public attention. But we don't intend to invest in it.
The current picture on the daily chart shows a clear accumulation zone where the asset has been for a long time.
↗️ The current price has confidently settled above this range — an important signal for the bulls.
An additional argument is the formation of an ascending triangle, a classic pattern indicating continuation of growth.
🐂 The MACD indicator also confirms the upward trend, strengthening confidence in the bullish scenario.
The lack of significant volumes above the current levels opens up room for impulse growth for the asset. At the same time, the potential for movement remains significant: the current price is 300% below historical highs.
💰 The range for taking profits equals the former ATH, which we will reach in the shortest possible time, immediately after the drop in Bitcoin's dominance.
The asset demonstrates an interesting technical scenario.
Previously, the price showed a powerful impulsive rise, which led to the formation of a price imbalance.
The subsequent correction stopped at the 38.20% Fibonacci level, where it found support.
In this area, there is a flat movement indicating accumulation.
A key argument for opening long positions is the presence of an unclosed FVG above the current level, as well as the formation of a bullish signal on the MACD indicator.
These factors increase the likelihood of continuing the upward movement with the goal of reaching a new ATH.
Entry into the trade is open, but at your own risk!