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DOT Technical Analysis: Bearishness Within Inverted Flag Pattern : Is It The Best Time To Sell?
DOT coin price action shows a rise in the underlying bearishness within the inverted flag pattern teasing a fallout shortly. Polkadot is a base for a decentralized internet that is managed by its users and helps to make it easier to create new institutions, applications, and services. The Polkadot protocol allows for the connection of the private and public blockchains, without permission oracles, networks, and the latest technological advancements, making it possible for these distinct blockchains to securely exchange information and data through their Polkadot Relay Chain. Let us move ahead to read about the Polkadot technical analysis. Past Performance of DOT DOT coin price shows a consolidation phase in action from last month between $32 and $24 in the daily chart. The consolidation range comes after a 50% fall from the horizontal level at $54. Therefore, the price action forms an inverted head and shoulder pattern in the daily chart. DOT/USD Daily Chart DOT Technical Analysis The DOT coin price resonates close to the support level of the flag pattern and indicates a bullish reversal. However, the higher price rejection within the range shows lower high formation. The crucial EMAs (50, 100, and 200) maintain a falling trend with the 50-day EMA providing dynamic resistance resulting in the higher price rejection. Therefore, the higher price rejection with falling 100-day EMA increases the chances of a bearish crossover with the 200-day EMA. The RSI indicator at 47% shows the slope struggling to rise above the 50% mark in the daily chart. However, the falling prices fail to influence the RSI slope as it shows lesser correction in comparison. Therefore, the slope presents a divergence. The MACD indicator shows the MACD and signal lines give a bullish crossover with a sudden reversal and neutralizing the previous bearish crossover. Therefore, the indicator gives a weak buy signal for the coin. In short, the technical analysis showcases the indicators giving weak buy signals, while the DOT coin price action hints at a bearish fallout. Upcoming Trend The breakout of the inverted flag pattern will increase the overall trend momentum in the DOT coin. Moreover, the breakout seems imminent with the higher price rejection. The price action suggests support levels at $18 and $10 can halt the bearish trend upon the breakout of $24. However, an unlikely bullish breakout will face opposition near $38 and $45. In conclusion, the consolidation phase shows a slight rise in the underlying bearishness and hints at a possible fallout. However, traders should wait for the price action confirmation before taking a short-side trade.
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Identity is Fundamental , Credit is the Pass
HongKong, China, 14th January, 2022, Chainwire Credit is not only the cornerstone of the market economy, the credit mechanism has
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Litecoin Price Prediction – Will LTC Price Hit $600 Soon?
Bullish LTC price prediction ranges from $228.11 to $339.12. LTC price might also reach $600 soon. LTC bearish market price ... Crypto Credit Scoring Protocol CreDA Partners with FilDA to offer Leveraged and Low-Collateral Lending
New York, NY, Jan 14, 2022 - (ACN Newswire) - CreDA (Credit DeFi Alliance), the leading decentralized credit rating service and FilDA, the largest ever DeFi lending platform on HECO with a peak TVL of over US$2 billion, have partnered to offer exclusive lending rates to CreDA users. Users who mint their Crypto Credit Score as a Credit NFT (cNFT) will have access to leveraged lending and low or no-collateral loans directly within the CreDA platform.
The partnership comes only a few months after CreDA officially launched its platform and demonstrates the value Crypto Credit Scores can have by removing many of the barriers in traditional banking and the DeFi space. According to Bank of America, over 200 million users are now part of the digital asset universe, yet very few financial institutions would provide them with a loan. Even within the DeFi space, lenders operate in an over-collateralized manner with typical loan-to-value (LTV) ratios below 50 per cent.
Modeled after traditional consumer credit agencies, CreDA introduces the concept of personal credit scores into the $250 billion decentralized finance (DeFi) ecosystem.
Leveraging existing blockchain infrastructure, CreDA provides a trust architecture for the relatively young and volatile MetaFi ecosystem that includes emerging areas such as DeFi, GameFi and SocialFi.
"While our core business is focused on supporting the overall ecosystem through trusted and verifiable credit scoring, ours is a new concept for this space. By partnering with FilDA we hope to demonstrate the value and viability of the CreDA Credit Score to reward both users and lending institutions by brokering more transparent and trusted relationships," explains Fakhul Miah, incoming Chief Executive Officer. "We like to say that we're finally giving credit where credit is due."
How to get leveraged, low or no-collateral loans
CreDA allows users to link their wallets, mint a credit NFT (cNFT) and borrow at industry-defying rates, all from within the same platform.
CreDA provides on-chain credit ratings using the CreDA Oracle, which employs artificial intelligence (AI) to examine the user's assets, historical transactions and behavior in the crypto space across multiple blockchains. This data is used to calculate a credit score that is then minted into a secure non-fungible token called a credit NFT (cNFT). The cNFT enables the user to unlock preferential rates and incentives.
The FilDA partnership lets users access leveraged lending and low or even no-collateral loans based on the users Crypto Credit Score. The score represents a user's ability and willingness to pay back loans, de-risking Filda's exposure and rewarding the user for good on-chain behavior.
One major focus for CreDA is ensuring a safe and secure experience for users. To do this, data is fully protected, secured by industry leading, W3C compliant Decentralized Identifications (DIDs), which are linked to a user's cNFT. CreDA recently underwent a strict security audit with leading blockchain security group, CertiK.
About CreDA
Built on the Ethereum Layer 2 network, CreDA operates on Arbitrum with developers aiming to launch across multiple chains including, BSC (Binance Smart Chain), Ethereum mainnet and ESC (Elastos Sidechain) in Q1 of 2022 with more to follow throughout the year.
CreDA's Credit Oracle has already retrieved the data of billions of on-chain activities related to more than 90 million addresses across the largest blockchains. This large initial data pool helps to build a reliable and trusted credit model that will continue improving as more data is collected from additional chains and users who connect and mint their credit scores. The CreDA protocol is designed to compute a user's Crypto Credit Score while protecting their identity through the use of a DID, which does away with KYC (know your customer) checks.
The aim for the CreDA protocol is to eventually combine traditional (off-chain) and blockchain (on-chain) data to compute a holistic user credit score that allows for more flexibility and access between people's virtual and 'real world' lives. This will become even more relevant as technology advances and society continues to embrace virtual spaces, such as the Metaverse.
"As Benjamin Franklin once said, 'If you want to know the value of money, try borrowing some!' said Cassie Zhang, Chief Operating Officer during CreDA's launch in late 2021.
"The DeFi landscape is quickly evolving, but there is still one factor that is missing -- credibility. The CreDA protocol enables DeFi and other Web 3 platforms to model risk profiles across their user base and offer personalized rates and services, making them more competitive versus industry peers."
Social Links
Twitter: https://twitter.com/credafinance
LinkedIn: https://www.linkedin.com/company/creda-finance
Discord: https://discord.com/invite/eSvTm6a6kb
Media Contact
CreDA (Credit DeFi Alliance)
E-mail: press@creda.app
Website: www.creda.app
SOURCE: CreDA
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
ACA Token Set to Launch HedgeBoard For Optimal Trading Signals
Where to buy PolySwarm, the token of the popular cybersecurity company
PolySwarm is one of today’s biggest gainers, having added 65% to its value in…
The post Where to buy PolySwarm, the token of the popular cybersecurity company appeared first on Coin Journal.
DENSO Develops Global Safety Package 3 to Improve Vehicle Sensing
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The Global Safety Package uses the combined performance of a millimeter-wave radar sensor and vision sensor to assist the driver in controlling the vehicle safely. The millimeter-wave radar sensor detects the shapes of road objects, such as vehicles and guardrails, while the vision sensor uses a camera to detect the environment ahead of the vehicle. DENSO has developed the third generation of the Global Safety Package.
In order to eliminate road accidents and achieve stress-free mobility, DENSO believes it is important to not only improve safety products in vehicles using cutting-edge technology, but also develop those products at attractive prices so they can benefit more vehicles. Under this philosophy, DENSO developed Global Safety Package 3 to improve its active safety and driver assistance performance while reducing product size and cost.
Millimeter-wave radar sensor
Product features
With a wider detection angle, longer detection range, and improved speed resolution(2), this product helps avoid collisions at intersections, whether with other vehicles or pedestrians. Moreover, thanks to its improved detection capability and reduced size and cost, this radar sensor has fewer installation requirements and can be used in more vehicle types and models.
Points of product improvement
A wider detection angle and a longer detection range with improvements such as in-antenna design and radio wave transmission efficiency.
Improved speed resolution by increasing the frequency modulation of radio wave transmissions.
Reduced size and cost, with the new model using fewer than half the number of parts compared to the previous generation. DENSO achieved this by integrating the antenna and power supply board, simplifying product structure and leveraging multiple-input and multiple-output (MIMO) technology, which allows for a smaller antenna with fewer channels to transmit and receive radio waves.
Vision sensor
Product features
The sensor has a wider horizontal field of view to help with collision avoidance at intersections, as well as a longer range to detect road objects in front of the vehicle. This assists adaptive cruise control and lane changes over a broader speed range. Moreover, the product uses artificial intelligence (AI) to improve sensing performance and assistance functions, such as headway distance control - the ability to maintain consistent distance between a preceding vehicle - and traffic sign recognition.
Points of product development
- A high-sensitivity, high-resolution imager with a wider horizontal field of view and longer detection range.
- AI technology to identify drivable areas, preceding vehicles, road signs, and other solid objects based on image data. Vehicles and pedestrians in all directions, including those ahead, behind, and to the side, can be detected.
- Reduced product size and cost by taking the following actions: integrating image processing and system control functions, which reduced the number of microcomputers used; adjusted the structural design to control heat emitted from the processor; and reviewed the lens design.
DENSO will continue to develop technology for advanced driver assistance to realize safe and flexible mobility for all people, including drivers and pedestrians, around the world.
(1) Global Safety Package 3
The software for Global Safety Package 3 was developed in cooperation with J-QuAD DYNAMICS Inc.
(2) Speed resolution
The difference in speed between two targets by which the sensor can distinguish them as two separate objects when it detects them
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comDENSO, a leading mobility supplier, today announced that it has developed Global Safety Package 3, an active safety system designed to improve the safety of vehicles by giving them high sensing capability of their surroundings.
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