I spend a lot of time saying “buy NEO”, but admittedly, not a lot of time saying why.
I don’t like people to buy something without researching it. Anyone who bothers to research NEO properly will buy it, they’ll sell their own grandmothers for NEO if necessary. Sadly it appears that most folks are too lazy to research NEO (or they REALLY love their grandmothers), they’d rather just follow the regular hype and buy whatever is trending. This is how vapourware like ADA stays in the top ten, or how centralised, over-supplied rubbish like XRP becomes a leading coin. Sheep are
An Ascending Triangle, on which there is a Flat Resistance and at least two reaction lows forming the lower ascending trend line is in general terms a BULLISH PATERN.
STEEM has formed a solid ascending support, touched 3 times already and possibly indicating an Exhaustion of the Sellers.
This pattern is usally accompanied by a contraction of the Volume as we have on STEEM lately and it is shown below.
When the upside breakout occurs, there should be an expansion of volume to confirm the breakout.
I think we are going to see a breakout of this eternal resistance at 0.432 USD soon which will bring the price close to 0.6 USD as a start of the UPTREND CONFIRMATION…
Of course, always if the “Big ACTORS” as @steemit , @gsr-io or, why not, @dan himself allow steem to grow according to the usual Market laws and not as it has performed lately…
…or, is STEEM going to become an stable crypto locked artificially at the 0.43 USD?
Steem on!
@toofasteddie
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
UTRUST (Bitfinex: UTKUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, UTRUST began a wave one advance on November 25, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 3 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 24. If this wave count is correct, UTRUST should be heading next towards the June 3 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
According to their website, UTRUST is the world’s first cryptocurrency payment gateway to offer buyer protection, instant transactions
The Commodity Futures Trading Commission (CFTC) has cleared bitcoin derivatives provider LedgerX to offer physically settled bitcoin futures contracts.
The CFTC said Tuesday it had approved LedgerX’s application for a designated contract market (DCM) license, meaning the company can now offer the new futures contracts. LedgerX is the second company to receive approval to offer physically settled bitcoin futures; other firms, such as Intercontinental Exchange’s Bakkt, Seed CX and ErisX plan to enter this market. (While Bakkt’s own futures contracts have been self-certified, the firm is waiting for the New York Department of Financial Services to license its warehouse).
Unlike the cash-settled bitcoin futures listed by the Chicago exchanges Cboe and CME, in physically settled futures the buyer receives the underlying commodity when a contract expires, rather than the fiat equivalent.
Bitcoin’s (BTC) parabolic advance over $12,000 has taken its market dominance above 60% for the first time since April 2017, data from CoinMarketCap confirmed on June 26.
Following its rapid appreciation in recent days, the bitcoin price reached levels not seen since immediately after the end of its 2017 bull run.
The successes have come at the expense of altcoins, which have so far failed to produce similar performance. As a result, BTC dominance of the overall cryptocurrency market cap is now 62% – more than at any time in the past two years.
Facebook published plans for the Libra cryptocurrency in seven languages, including Indonesia’s Bahasa – a move that offers perhaps the clearest glimpse of what Facebook’s fintech ascent might look like.
“Indonesia has the fourth-highest number of Facebook users in the world,” Pang Xue Kai, co-founder of the Indonesian crypto exchange Tokocrypto, told CoinDesk. “If Facebook’s Libra can address the [local] issues, it has the potential to succeed.”
According to the annual media report released by We Are Social and Hootsuite, Indonesia has the world’s highest rate of Facebook post engagement among internet users, over 4 percent, and the highest frequency of online shopping, with 86 percent of Indonesian survey respondents saying they bought something online in the past month.
The President of Uganda, Yoweri Museveni, will officiate the 2019 AfricaBlockchain Conference, according to a report by Kabuubi Media Africa on June 24
According to the report, The 2019 Africa Blockchain Conference — not to be confused with The Blockchain Africa Conference 2019 which occurred in April — will be held from July 3 to July 4, and the theme is ’Africa 4.0: Preparing Africa for the 4th Industrial Revolution.’ The conference topics will reportedly include fintech, payment systems, and the future of education.
President Museveni reportedly supported the use of blockchain technology in Uganda during his inaugural speech. Museveni is said to have cited four economic areas that he believes should be supported by blockchain technology: agriculture, manufacturing and processing, services, and the ICT sector.
“AMA with @stratisplatform CEO, Chris Trew in the #Binance English Telegram group.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
This resistance line at 0.43$ is really blocking us since weeks now. We have to wait and see when the market will have the power to break it or if we will see an important correction taking place from it. The Steem is really controlled in this range since weeks by a whale I supposed and without a break out, I don’t expect any big move.
NEO seen from the temporality of 1D we can observe the bullish movement that has taken NEO from the $5, forming the setup of seven points that concludes with the wave number two, in the graph I have pointed out the points where the price has touched in the advance of the tedency forming this way a support and a resistance with expansive properties, currently has reached the sixth point, the price is finding resistance at that point, so we should soon see a correction movement in the price that is very likely to reach the area marked by a
In my opinion, it is clear that there are no major news explaining clearly why the Cryptomarket is suddenly behaving so bullish.
May be the final entrance of the Financial Institutions, can be the lately announcement of Facebook and its Libra coin, which I doubt it is currently moving the strings now but for sure it is giving some FOMO out there, can be also the good news coming from Russia, see “Russian Ministry of Finance Considers Allowing Cryptocurrency Trading” or perhaps the ones coming from Bank of America’s CEO on regards or getting a “Cashless Society” or a combination
Corn prices have been on an epic run. Now, soybeans could soon be catching up.Soybeans have trailed for a reason. In the U.S., the oilseed can be planted later in the spring than corn. Amid the heavy rains, some analysts had forecast that the weather would eventually clear and farmers would plant more soy. That would’ve meant bigger production at a time when demand is already suffering amid the U.S.-China trade war.The U.S. Department of Agriculture will update its plantings estimate June 28, but analysts and traders are already concerned the agency’s numbers will be too high and not fully
Yesterday we discussed another bullish ascending triangle bitcoin was painting, suggesting a break to the upside. Today, we watched bitcoin break out and up, almost hitting our lower target of $11,500. It has since dropped back down to test the top of the ascending triangle (about $11K) which did act as support. Daily volume remains strong at just above $22 billion.
Zooming out on the weekly chart, we can see bitcoin is hitting a major area of resistance between $11,500 and $11,700. If you watch my videos, you know we’ve been discussing this area for awhile now. It will be a
On 4hr chart, just a little more to test 11600 resistance level. Stoch making lower highs while price pushing higher. Possible sideway consolidation on this 3rd leg. Possible some pullback to 10700 zone on the mini channel bottom, follow by a bounce to retest 11600 making a double top.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :
Total marketcap :
Dominance :
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
A slump in German business confidence deepened in June as trade tensions weighed on manufacturers. The drop in the Ifo index took the closely watched gauge to 97.4, its lowest level since late 2014. A gauge of expectations also worsened.European Central Bank President Mario Draghi last week said he’ll inject fresh monetary stimulus for the euro zone unless the economy improves.While Bundesbank President Jens Weidmann expects an improvement in Germany in the second half of the year as exports recover, the signs so far remain mixed. A purchasing-managers survey on Friday showed solid growth in services, but manufacturing remained in
