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DOT Terpantul dari Higher Low, Apakah Bullish Masih Berpotensi?

DOT - Polkadot Analysis

DOT, token dari Polkadot, kini tengah mencoba membentuk pemulihan setelah terejeksi dari Higher Low Daily yang membuatnya dalam pandangan optimis investor, meski menurut saya, masih akan memerlukan validasi lanjutan untuk menghindari Sinyal Palsu. Kini, berdasarkan data dari Coin Market Cap (CMC), pada saat penulisan, DOT memiliki kapitalisasi pasar sebesar $ 31.510.343.249 dan volume perdagangan harian […]

The post DOT Terpantul dari Higher Low, Apakah Bullish Masih Berpotensi? appeared first on Kanalcoin.

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DOT - Polkadot Analysis

DOT, token dari Polkadot, kini tengah mencoba membentuk pemulihan setelah terejeksi dari Higher Low Daily yang membuatnya dalam pandangan optimis investor, meski menurut saya, masih akan memerlukan validasi lanjutan untuk menghindari Sinyal Palsu.

Kini, berdasarkan data dari Coin Market Cap (CMC), pada saat penulisan, DOT memiliki kapitalisasi pasar sebesar $ 31.510.343.249 dan volume perdagangan harian sebesar $ 1.966.821.527 yang membuat crypto ini berada dalam peringkat ke-8 secara kapitalisasi pasar.

Dan jika kita bandingkan dengan tahun 2020, kapitalisasi pasar telah mengalami kenaikan yang sangat pesat seiring meningkatnya penggunaan teknologi dari Polkadot, perusahaan dibalik crypto DOT, yang tentu menjadi sebuah adopsi yang akan meningkatkan prospek dari cryptonya.

Teknikal Grafik 4 Jam

Pada saat penulisan, DOT telah kembali kedalam upaya pemulihan, hampir serupa dengan beberapa crypto utama, yang sebelumnya telah tersungkur hebat oleh aksi kuat Seller seiring sikap investor terhadap kebijakan Presiden AS, Joe Biden, perihal pajak.

Dalam pandangan teknikal kami, Bullish tengah memasuki fase penting dalam validasi trend, dimana level-level penting pasca pemulihan sudah menunggu untuk memberikan kita kejelasan sinyal trend dari sisi teknikal.

Berikut saya coba jabarkan dalam grafik teknikal 4 jam dibawah ini:

Gambar : DOT/USD Chart

Berdasarkan gambar diatas, harga dalam beberapa hari ini telah mencoba bangkit dari Higher Low Daily, yang diwakili dari level-level Support Kunci di $ 28.3 dan $ 30.5, sehingga secara teknikal level ini akan sangat penting dalam membaca nasib DOT, apakah akan mampu membangun reli, atau justru kembali bergerak lebih rendah.

Dalam pandangan saya, pada time frame ini, harga DOT masih akan menghadapi level Resistance Kunci dalam perjalanan Bullish-nya di level $ 36.15 dan $ 39.30, dimana Area diantaranya menjadi Area Resistance Multi-Hari.

Dalam analisa ini, saya melihat Area Resistance ini akan menjadi titik validasi trend yang mumpuni jika harga mampu bergerak naik lagi untuk meretestnya, dimana ini adalah titik High penting di Daily yang akan mampu memperjelas potensi Bullish dengan lebih baik jika mampu ter-breakout dengan kuat.

Teknikal Grafik Daily:

Gambar : DOT/USD Chart

Dan juga, dalam pandangan jangka menengah, token Polkadot ini kami lebih sederhanakan dengan hanya memiliki masing-masin satu level SR Utama, yang akan mendasari potensi trend jangka menengah, yang patut kita garisbawahi dan amati dengan baik.

Dalam pandangan analisa ini, Bullish masih berpeluang selama harga mampu mempertahankan posisinya diatas, ataupun disekitaran level Support Utama $ 30.50 yang merupakan titik Higher Low Daily, sehingga ATH akan menjadi tujuan berikutnya jika Resistance Utama mampu dilampaui dengan kuat dan valid.

Dan untuk skema Bearish-nya, harga gagal membangun momentum Bullish saat masih dibawah level Resistance Utama $ 39.30 yang berujung kejatuhan harga dan mem-breakdown Support Utama, dimana jika ini terjadi, penurunan berdarah siap melanda DOT, yang kemungkinan akan mencapai dibawah level $ 24.

(*)


Artikel di submit langsung oleh Penulis untuk menerbitkan Analisa, Pandangan, Opini ataupun teknikal trading dari penulis. Tulisan dalam artikel ini merupakan tanggung jawab Penulis.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.kanalcoin.com/dot-terpantul-dari-higher-low-apakah-bullish-masih-berpotensi/

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Launch of Crypto Trading Team by Goldman Sachs

The cryptocurrency trading team formed will be a part of global currencies The memo is penned by Goldman Sachs partner Rajesh Venkataramani.

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U.S. banking giant Goldman Sachs has announced the details of the cryptocurrency trading team. According to a staff memo, the trading group is buying and selling futures on CME group and non-deliverable forwards.  

Goldman Sachs Forms Crypto Trading Team

The cryptocurrency trading group formed will be a part of Goldman’s global currencies and emerging markets division. The memo is penned by Goldman partner Rajesh Venkataramani. The first report of the memo came on Friday. 

According to Rajesh Venkataramani, the team will be part of Goldman’s global currencies and emerging markets (GCEM) unit. His official statement reads,

“I am pleased to announce the formation of the firm’s cryptocurrency trading team, which will be our centralized desk for managing cryptocurrency risk for our clients. The Crypto trading team will be a part of Global Currencies and Emerging Markets (GCEM), reporting to me, within the firm’s Digital Assets effort led by Mathew McDermott.”

Derivatives of The Trading Group

The announcement affirmed that Wall Street is allowing cryptocurrencies as a mode of payment. The adoption of digital currency seems to be on a continuous hike. Recent news from the rivalry, Morgan Stanley chose to offer its wealth management clients access to Bitcoin funds in the recent past months.

The derivatives of the Trading group facilitating investors to take note of Bitcoin future prices. In order to not to deal with the physical asset, the contracts will be settled in hard cash, which it “is not in a position to trade,” according to the memo.

The launch of the Digital Assets dashboard by Goldman this Thursday will allow its traders access to crypto market data and news.

Venkataramani says,

“The newly formed team has already traded Bitcoin-backed non-deliverable forward contracts and CME Group’s Bitcoin futures.”

Last month, Goldman Sachs CEO David Solomon mentioned that,

“He was expecting a big evolution in the cryptocurrency space when it comes to regulations.”

READ  DC Bar Association Allows Crypto Payments for Lawyers

#CME Group #Goldman Sachs Forms Crypto Trading Team #Goldman Sachs Group Inc #Morgan Stanley

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/launch-of-crypto-trading-team-by-goldman-sachs

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A Popular Analyst List Out The Assets To Keep An Eye On, In May

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The post A Popular Analyst List Out The Assets To Keep An Eye On, In May appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Altcoins That May Hit New ATH in May! Since the past fortnight, many large and small market cap gems rallied high forming a new milestone. However, the Altcoin season is believed to have initiated with the jump in the Ethereum price. A popular analyst and the Managing Partner at MoonrockCapital, Simon Dedic, lists out 5 …

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Altcoins That May Hit New ATH in May!

Since the past fortnight, many large and small market cap gems rallied high forming a new milestone. However, the Altcoin season is believed to have initiated with the jump in the Ethereum price.

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A popular analyst and the Managing Partner at MoonrockCapital, Simon Dedic, lists out 5 cryptocurrencies that may form new ATH in May 2021. 

The analyst predicts Ethereum price will hit $5000 whereas BNB price may also rally to hit $1000 levels by the end of May 2021. 

Also Read: Top Altcoins to Watch This Month!

 Altcoin Season Underway!

The altcoin season is said to have started as most of the top 100 cryptocurrencies are now a billion dollar asset. Moreover, many of the altcoins have even surpassed their previous ATH and formed new highs in the recent rally. 

As the Bitcoin dominance rate kept sliding, the Altcoin space has strengthened itself to manifest a growing dominancy and extended user adoption. Additionally, Ethereum price is expected to keep the bullish momentum intact to propel high. As most of the altcoins are expected to surge with the ETH price flow jumping towards the north. 

Collectively, the altcoin season is expected to go parabolic as most of the altcoins are expected to discover new highs. No doubt analyst Simon listed the coins to have a watch in the currency month. Yet there are many other promising projects with strong fundamentals, and may also rally towards new high.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinpedia.org/altcoin/altcoins-to-consider-in-may/

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SEC Chairman Says Crypto Markets Need Regulations to Prevent Fraud

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SEC chairman Gary Gensler said on Friday that greater protection for investors is required in cryptocurrency markets. 

Gensler is no stranger to the cryptocurrency world. The former Goldman Sachs investment banker has long been viewed as a strong candidate to take the SEC chairman role.  

Gensler was sworn in a few weeks ago as Joe Biden’s choice for the next head of the SEC. During Obama’s presidency, Gensler was in charge of the Commodity Futures Trading Commission (CFTC) and was in charge of regulating derivatives.

What makes this particularly interesting is that he will become the first crypto and blockchain expert to hold the highly regarded position. A former MIT professor, he taught a course entitled “Blockchain and Money” and believes the two are a “catalyst for change.” Gensler stated at his SEC nomination hearing:

Bitcoin and other cryptocurrencies have brought new thinking to payments and financial inclusion. But they’ve also raised new issues of investor protection that we still need to attend to.”

Despite his support and optimism, the new SEC chairman also expressed concern about the protections investors are not getting in the crypto asset market. Gensler understands the attraction of bitcoin and other coins, but worries investors are taking on more risk than necessary

“It’s a digital, scarce store of value, but highly volatile,” Gensler says. “And there’s investors that want to trade that, and trade that for its volatility, in some cases just because it is lower correlation with other markets. I think that we need greater investor protection there.”

He believes that as long as technology continues to change the way consumers interact with markets, regulations to protect said consumers have to keep pace. 

He went on to say that he believes BTC is a “speculative” store of value and that the Securities and Exchange Commission should remain “tech neutral” when looking at innovations in markets. 

The new chairman believes there needs to be an official authority for a regulator to oversee digital currency exchanges.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Matthew De Saro is a journalist and media personality specializing in sports, gambling, and statistics. Before joining BeInCrypto, his work was featured on Fansided, Forbes, and OutKick. With a background in statistical analysis and a love of writing, he takes an outside-the-box approach to reporting news.

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Source: https://beincrypto.com/sec-chairman-says-crypto-markets-need-regulations-to-prevent-fraud/

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The Magnificent Seven: TEL, ETC, QTUM, DOGE, OMG, EOS, LSK — Biggest Gainers, April 30 – May 7

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BeInCrypto looks at the seven altcoins that increased the most over the past seven days, from April 30 to May 7.

These altcoins are:

  • Telcoin (TEL) – 420%
  • Ethereum Classic (ETC) – 295%
  • Qtum (QTUM) – 118%
  • Dogecoin (DOGE) – 100%
  • OMG Network (OMG) – 99%
  • EOS (EOS) – 90%
  • Lisk (LSK) – 74%

TEL

TEL has been moving upwards since April 23. In a span of 13 days, it increased by 1,000%, leading to an all-time high price $0.049. Since then, the token has decreased slightly.

TEL has already moved above the 1.61 Fib projection of waves 1-3, indicating that wave five has extended.

If it decreases, the closest support levels are found at $0.026 and $0.021, respectively. They are created by the 0.5 and 0.618 Fib retracement levels.

TEL Parabola
Chart By TradingView

ETC

ETC began a massive upward movement on May 3, culminating with an all-time high price of $176, reached on May 6. This amounted to an upward movement of 292%.

The high was made right at the 3.61 external Fib retracement of the entire previous decrease, measuring from the all-time high. Afterwards, ETC decreased slightly since and is currently trading at $139.

If the current upward movement extends, the next resistance area would be found at $207, the 4.61 external Fib retracement.

ETC Parabola
Chart By TradingView

QTUM

QTUM has increased considerably this week. However, unlike TEL & ETC, it is nowhere close to reaching its all-time high. 

To the contrary, it is still below the $43-$53 resistance area, which is created by the 0.5 – 0.618 Fib retracement levels. 

While QTUM is likely to reach it, a rejection would be expected once it does, at least in the short-term.

QTUM Upward Move
Chart By TradingView

DOGE

DOGE has been moving upwards since April 23, when it had reached a low of $0.159. As a result, it managed to reach a new all-time high price of $0.696 on May 5, which amounted to an increase of 336%.

The high was made just above at the 1.61 external Fib retracement resistance, found at $0.627, causing a rejection. 

However, DOGE bounced once more after the rejection. 

If the movement extends, there is a confluence of resistance levels found near $0.90.

DOGE Move
Chart By TradingView

OMG

OMG has increased considerably this week, managing to reach a new yearly high of $15.35. Still, unlike ETC, the token is nowhere close to reaching a new all-time high. 

To the contrary, it has just reached the 0.5 Fib retracement level when measuring from the entire downward movement. Consequently, the entire $14.40-$17.75 area is likely to provide strong resistance.

Afterwards, if OMG manages to clear it, it is likely to move towards a new all-time high price.

OMG Movement
Chart By TradingView

EOS

EOS increased considerably this week, managing to break out above the long-term resistance area found at $8. Previously, it had been trading below this level since August 2019. 

As a result, it has managed to reach a high of $13.65, just between the 0.5-0.618 Fib retracement levels. However, it was rejected once it did, and is currently trading near $11.

EOS Breakout
Chart By TradingView

LSK

LSK has been moving upwards since April 23, when it was trading at a low of $3.14. Today, it managed to reach a new all-time high price of $11.50, amounting to an increase of 271%. 

The high was made just above the 1.61 external Fib retracement level of the previous drop. This is the first significant resistance level.

Therefore, if LSK manages to clear it, the next resistance area would be found at $14.57.

LSK All-Time High
Chart By TradingView

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo.
In 2019, he decided to focus full-time on cryptocurrencies and trading.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/tel-etc-qtum-doge-omg-eos-lsk-biggest-gainers-april-30-may-7/

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