Connect with us

Blockchain

ENJ and THETA Close to Breaking Out, CHZ Could Follow Soon

Published

on

THETA (THETA) is in the process of breaking out from a descending parallel channel that has been in place since the April 16 all-time high.

Chiliz (CHZ) has bounced at the support line of a long-term descending parallel channel and reclaimed the $0.215 area afterwards.

Enjin Coin (ENJ) is following a descending resistance line and is in the process of breaking out.

THETA

THETA reached an all-time high price of $15.88 on April 16. Since then, it has been decreasing alongside a descending parallel channel.

The movement inside the pattern looks like a completed A-B-C structure, giving waves A:C an exactly 1:1 ratio.

THETA has been moving upwards since May 19, when it bounced at the support line of the channel. Currently, it is in the process of breaking out. 

Technical indicators support the possibility of a breakout. The Stochastic oscillator has made a bullish cross. The RSI has crossed above 50 and the MACD has nearly reached positive territory (green icons). 

The next resistance area is at $14.50.

THETA Breakout
Chart By TradingView

The THETA/BTC pair also looks bullish. It is currently in the process of breaking out from the all-time high resistance area of 26,000 satoshis. 

Similarly to the USD pair, technical indicators look bullish. However, the breakout has not been confirmed yet, since THETA not reached a daily close above the area. If there is a successful breakout, the next resistance area would be found at 36,770 satoshis.

THETA/BTC movement
Chart By TradingView

Highlights

  • THETA is trading inside a descending parallel channel.
  • There is resistance at $14.50.

CHZ

Similarly to THETA, CHZ has been trading inside a descending parallel channel, since reaching an all-time high on March 12.

The decrease continued until May 23, when a low of $0.164 was reached. This validated the support line of the channel and the 0.786 Fib retracement support level.

While CHZ has been moving upwards since, the upward movement has been extremely weak, failing to confirm a higher low. 

Even though technical indicators are bullish, the price action leaves a lot to be desired. A reclaim of the middle of the channel is needed for the trend to be considered bullish.

CHZ Channel
Chart By TradingView

The CHZ/BTC chart is slightly more bullish than its USD counterpart. This is mainly due to the fact that it is trading inside a descending wedge, which is considered a bullish reversal pattern.

Therefore, it is possible that the token continues to consolidate inside this wedge, before eventually breaking out.

CHZ/BTC Movement
Chart By TradingView

Highlights

  • CHZ is trading inside a descending parallel channel.
  • There is support at $0.213.

ENJ

ENJ has been decreasing alongside a descending resistance line since April 9, since reaching an all-time high price of $4 on April 9. Throughout the decrease, it has been following a descending resistance line. 

On May 23, it reached a low of $0.73, initially breaking down below the $1.16 support area. The next day, it created a bullish engulfing candlestick and reclaimed the area.

Currently, it is in the process of breaking out from this resistance line. If successful, the next resistance levels are at $1.98 and $2.75, respectively.

Technical indicators support the possibility of a breakout. The Stochastic oscillator has made a bullish cross (green icon). Both the MACD and RSI are increasing, though the former is not positive yet, while the latter has not crossed above 50.

ENJ Breakout
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.

Share Article

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.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/enj-and-theta-close-to-breaking-out/

Blockchain

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

[PRESS RELEASE – Please Read Disclaimer] Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021. With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can […]

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021.

With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can rest assured that the assets or tokens that are purchased via aggregated trading are all real assets that are in full reserves.

Aggregate trading makes it easy for growing platforms such as Wisebitcoin to quickly provide users with access to new and popular crypto tokens and assets.

The local and external order matching mechanisms used in Wisebitcoin’s aggregate trading system provide transaction speeds and user experiences that are similar to those seen when placing orders for other trading pairs on Wisebitcoin.

To meet the deposit and withdrawal requirements of users, Wisebitcoin will evaluate the volume of its aggregate trading tokens to determine whether to dock with project wallets that contain a large number of tokens or assets.

By providing liquidity, fast transactions, low fees, and a clean, intuitive UI to traders, Wisebitcoin makes it easy to invest in the crypto space and to trade popular, high market cap tokens and assets. By adding aggregate trading for STORJ to the platform, Wisebitcoin opens the doors to investment in one of the most popular decentralized file sharing and storage projects seen in the last few years.

About STORJ

Storj delivers secure, private, reliable, affordable, and decentralized cloud object storage for developers. Storj’s Decentralized Cloud Storage (DCS) files are encrypted, broken into pieces, and then distributed across a global cloud network instead of being stored on a single, centralized server. This makes data breaches impossible, and default encryption comes standard for all files. A decentralized network of Storage Nodes also makes data always available when it is needed, and open-source, full-stack compatibility makes it easy to build on the network.

You can learn more about the project here and you can read the project whitepaper here.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/wisebitcoin-opens-aggregate-trading-for-storj-against-usdt/

Continue Reading

Blockchain

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

[PRESS RELEASE – Please Read Disclaimer] Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021. With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can […]

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021.

With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can rest assured that the assets or tokens that are purchased via aggregated trading are all real assets that are in full reserves.

Aggregate trading makes it easy for growing platforms such as Wisebitcoin to quickly provide users with access to new and popular crypto tokens and assets.

The local and external order matching mechanisms used in Wisebitcoin’s aggregate trading system provide transaction speeds and user experiences that are similar to those seen when placing orders for other trading pairs on Wisebitcoin.

To meet the deposit and withdrawal requirements of users, Wisebitcoin will evaluate the volume of its aggregate trading tokens to determine whether to dock with project wallets that contain a large number of tokens or assets.

By providing liquidity, fast transactions, low fees, and a clean, intuitive UI to traders, Wisebitcoin makes it easy to invest in the crypto space and to trade popular, high market cap tokens and assets. By adding aggregate trading for STORJ to the platform, Wisebitcoin opens the doors to investment in one of the most popular decentralized file sharing and storage projects seen in the last few years.

About STORJ

Storj delivers secure, private, reliable, affordable, and decentralized cloud object storage for developers. Storj’s Decentralized Cloud Storage (DCS) files are encrypted, broken into pieces, and then distributed across a global cloud network instead of being stored on a single, centralized server. This makes data breaches impossible, and default encryption comes standard for all files. A decentralized network of Storage Nodes also makes data always available when it is needed, and open-source, full-stack compatibility makes it easy to build on the network.

You can learn more about the project here and you can read the project whitepaper here.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/wisebitcoin-opens-aggregate-trading-for-storj-against-usdt/

Continue Reading

Blockchain

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

[PRESS RELEASE – Please Read Disclaimer] Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021. With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can […]

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021.

With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can rest assured that the assets or tokens that are purchased via aggregated trading are all real assets that are in full reserves.

Aggregate trading makes it easy for growing platforms such as Wisebitcoin to quickly provide users with access to new and popular crypto tokens and assets.

The local and external order matching mechanisms used in Wisebitcoin’s aggregate trading system provide transaction speeds and user experiences that are similar to those seen when placing orders for other trading pairs on Wisebitcoin.

To meet the deposit and withdrawal requirements of users, Wisebitcoin will evaluate the volume of its aggregate trading tokens to determine whether to dock with project wallets that contain a large number of tokens or assets.

By providing liquidity, fast transactions, low fees, and a clean, intuitive UI to traders, Wisebitcoin makes it easy to invest in the crypto space and to trade popular, high market cap tokens and assets. By adding aggregate trading for STORJ to the platform, Wisebitcoin opens the doors to investment in one of the most popular decentralized file sharing and storage projects seen in the last few years.

About STORJ

Storj delivers secure, private, reliable, affordable, and decentralized cloud object storage for developers. Storj’s Decentralized Cloud Storage (DCS) files are encrypted, broken into pieces, and then distributed across a global cloud network instead of being stored on a single, centralized server. This makes data breaches impossible, and default encryption comes standard for all files. A decentralized network of Storage Nodes also makes data always available when it is needed, and open-source, full-stack compatibility makes it easy to build on the network.

You can learn more about the project here and you can read the project whitepaper here.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/wisebitcoin-opens-aggregate-trading-for-storj-against-usdt/

Continue Reading

Blockchain

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Barstool Sports founder Dave Portnoy said he disagrees with Donald Trump and that bitcoin’s not a scam.

Published

on

The CEO and founder of Barstool Sports – Dave Portnoy – admitted that at the beginning, he thought Bitcoin was a ”Ponzi scheme.” Eventually, he changed his stance and even opposed Donald Trump, who called the primary cryptocurrency a ”scam.”

Trump Is Wrong

In a recent interview for ”Varney & Co,” the founder of Barstool Sports – Dave Portnoy – shared his current view on bitcoin and the crypto market. He revealed that years ago, when the primary digital asset was introduced, it looked like a ”Ponzi scheme” to him, but later he started realizing its merit:

”I thought when Bitcoin was first introduced and for a long time that it was a Ponzi scheme. I’ve come around on it. It’s too widely accepted, there are too many people using it, too many big people believe in it, too many stores accepting it. There’s liquidity. You can get in and out of it easily.”

Recently, the ex-US president Donald Trump said Bitcoin looks like a scam and backed up the dollar as the ”world’s currency.” Portnoy opposed Trump even though he also had his doubts about the asset in its first years :

”I don’t know what it started as, but I certainly wouldn’t say it’s a scam now.”

Later on, the founder of Barstool Sports commented on the recent decline of the crypto market. He raised hopes that soon enough, digital assets will increase their fiat currency value. In his opinion, investors should be patient with them and hold on ”for the long game:.”

”Crypto isn’t going anywhere but it’s hard to brag about how great everything is going when you are down 50%.”

Portnoy’s Change of Heart

In September 2020, Portnoy pointed out that bitcoin lacks accountability due to the anonymity of Satoshi Nakamoto. As a result, if investors end up losing money or being scammed, they would prefer to know who’s the person behind the entire operation. He went even further, calling it ”one big Ponzi scheme.”


ADVERTISEMENT

It is worth mentioning that at some point, Dave Portnoy invested in the primary digital asset. He tweeted about a loss of $25,000 and stated that he currently owns zero bitcoins. Additionally, he vowed to interact with the stock market rather than the crypto one:

”I don’t need this. I know how the stock market works. I own the stock market. This Bitcoin – I don’t trust this market at all.”

In any case, it now seems that he has changed his stance on the primary cryptocurrency and he even flat-out said that he was wrong about it.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/dave-portnoy-disasgrees-with-donald-trump-that-bitcoin-is-a-scam/

Continue Reading
AR/VR57 mins ago

Waltz of the Wizard’s Natural Magic Update Confirmed for July

Esports2 hours ago

FlyQuest play ‘Protect the Kog’Maw’ composition to perfection against TSM in upset victory during 2021 LCS Summer Split

AR/VR3 hours ago

Open-World RPG A Township Tale is Coming to Oculus Quest in July

AR/VR3 hours ago

NERF Battles are Coming to Oculus Quest in 2022

AR/VR3 hours ago

NERF Battles are Coming to Oculus Quest in 2022

AR/VR3 hours ago

I Expect You to Die 2 Features Wil Wheaton, Launches This Summer

AR/VR3 hours ago

Exclusive Preview – ‘A Township Tale’ is Bringing Deep Crafting to Quest

AR/VR3 hours ago

MMO-like ‘A Township Tale’ Coming to Oculus Quest on July 15th

Blockchain3 hours ago

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

Blockchain3 hours ago

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

Blockchain3 hours ago

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

Blockchain3 hours ago

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Blockchain3 hours ago

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Blockchain3 hours ago

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Blockchain3 hours ago

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

Blockchain3 hours ago

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

Blockchain3 hours ago

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

Blockchain3 hours ago

Texas Banks Can Now Provide Bitcoin Custody Services For Clients

Blockchain3 hours ago

Texas Banks Can Now Provide Bitcoin Custody Services For Clients

Blockchain3 hours ago

Texas Banks Can Now Provide Bitcoin Custody Services For Clients

Blockchain3 hours ago

Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot

Blockchain3 hours ago

Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot

Blockchain3 hours ago

Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot

nvidia-ceo-huang-ethereum-is-going-to-be-quite-valuable.png
Blockchain3 hours ago

Nvidia CEO Huang: “Ethereum Is Going To Be Quite Valuable”

Blockchain3 hours ago

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

Blockchain3 hours ago

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Blockchain3 hours ago

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

Blockchain3 hours ago

Texas Banks Can Now Provide Bitcoin Custody Services For Clients

Blockchain3 hours ago

Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot

AR/VR3 hours ago

First Footage Released of Pistol Whip’s New Style System

Trending