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BTG Technical Analysis: Price May Soon Breakout of the First Resistance Level of $60.67

BTG Technical Analysis: Price May Soon Breakout of the First Resistance Level of $60.67

Rate this post Bitcoin Gold (BTG) is an altcoin that is hard-forked from the Bitcoin codebase. It is a decentralized platform that allows miners across the globe to mine on common GPUs. Thus, it ensures that a few big players do not dominate the BTG market. It connects businesses, services, integrators, and retailers to facilitate the development of customized solutions that maximize benefits for the end-user/consumers.  The following BTG technical analysis will predict the price momentum for the next few days: Past Performance On May 25, 2021, BTG opened at $63.54. On May 31, 2021, BTG closed at $59.71. Thus, in the past week, the BTG price has decreased by approximately 6%. In the last 24 hours, BTG has traded between $57.11-$60.87. https://platoblockchain.net/wp-content/uploads/2021/06/btg-technical-analysis-price-may-soon-breakout-of-the-first-resistance-level-of-60-67.png Day-Ahead and Tomorrow Currently, BTG is trading at $58.36. The price has decreased from the day’s opening price of $59.71. Thus, the market seems bearish. The MACD and signal lines have just turned positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bullish. Hence, we can expect the price to start rising. Currently, the RSI indicator is at 57%. It faced rejection at 51% and rose to this level. Thus, buying pressures are slowly building up. Hence, like the MACD oscillator, the RSI oscillator is also indicating that the BTG price may start rising in some time. Besides, the OBV indicator is steadily rising too. Thus, buying volumes are higher than selling volumes. High buying activity will exert upward pressure on the BTG price. There is bullish divergence here. Hence, a bearish trend reversal may occur in some time. In a nutshell, all three oscillators have indicated an impending price rise. However, we have to wait and watch if the price rise is a temporary market corrective action or indicative of a trend reversal. BTG Technical Analysis Currently, the price is below the Fibonacci pivot point of $59.23. The price may soon rise above the pivot point and break out of the first resistance level of $60.67. Thereafter, we have to wait and watch, if the price rise sustains till day end. The price has tested and fallen below the 50% FIB retracement level of $58.99. However, the price may soon break out of this level and surpass the 61.8% FIB retracement level of $59.43. In that case, a price uptrend has set in and is likely to continue tomorrow as well.

The post BTG Technical Analysis: Price May Soon Breakout of the First Resistance Level of $60.67 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Bitcoin Gold (BTG) is an altcoin that is hard-forked from the Bitcoin codebase. It is a decentralized platform that allows miners across the globe to mine on common GPUs. Thus, it ensures that a few big players do not dominate the BTG market. It connects businesses, services, integrators, and retailers to facilitate the development of customized solutions that maximize benefits for the end-user/consumers.  The following BTG technical analysis will predict the price momentum for the next few days:

Past Performance

On May 25, 2021, BTG opened at $63.54. On May 31, 2021, BTG closed at $59.71. Thus, in the past week, the BTG price has decreased by approximately 6%. In the last 24 hours, BTG has traded between $57.11-$60.87.

https://platoblockchain.net/wp-content/uploads/2021/06/btg-technical-analysis-price-may-soon-breakout-of-the-first-resistance-level-of-60-67.png

https://platoblockchain.net/wp-content/uploads/2021/06/btg-technical-analysis-price-may-soon-breakout-of-the-first-resistance-level-of-60-67.png

READ  Former Fed Governor Says ‘If You Are Under 40, Bitcoin Is Your New Gold’

Day-Ahead and Tomorrow

Currently, BTG is trading at $58.36. The price has decreased from the day’s opening price of $59.71. Thus, the market seems bearish.

The MACD and signal lines have just turned positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bullish. Hence, we can expect the price to start rising.

Currently, the RSI indicator is at 57%. It faced rejection at 51% and rose to this level. Thus, buying pressures are slowly building up. Hence, like the MACD oscillator, the RSI oscillator is also indicating that the BTG price may start rising in some time.

Besides, the OBV indicator is steadily rising too. Thus, buying volumes are higher than selling volumes. High buying activity will exert upward pressure on the BTG price. There is bullish divergence here. Hence, a bearish trend reversal may occur in some time.

READ  BTG Technical Analysis: Price Likely to Breach the Resistance Levels of $167 and $180.95

In a nutshell, all three oscillators have indicated an impending price rise. However, we have to wait and watch if the price rise is a temporary market corrective action or indicative of a trend reversal.

BTG Technical Analysis

Currently, the price is below the Fibonacci pivot point of $59.23. The price may soon rise above the pivot point and break out of the first resistance level of $60.67. Thereafter, we have to wait and watch, if the price rise sustains till day end.

The price has tested and fallen below the 50% FIB retracement level of $58.99. However, the price may soon break out of this level and surpass the 61.8% FIB retracement level of $59.43. In that case, a price uptrend has set in and is likely to continue tomorrow as well.

READ  Bitcoin Trader Loses $11 million in less than 24 hours

#Bitcoin Gold #BTG

Source: https://www.cryptoknowmics.com/news/btg-technical-analysis-price-may-soon-breakout-of-the-first-resistance-level-of-6067/

Blockchain

Studyum’s IDO Parners With Astronaut: Goes Multi-Chain

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Studyum, a 3D knowledge matrix that combines advanced technologies to bring learning to another level, will be available across launchpads and blockchains, having partnered with a BSC-based fundraising platform Astronaut. Astronaut is a specialized launchpad for decentralized projects recognized for their faster transaction times and lower gas fees. Astronaut’s alternative operation and Studyum’s unique model relying on blockchain technology will indubitably contribute to the development of a seamless IDO experience.

The fast-evolving technology has been the harbinger of change throughout humanity’s existence. After notable tech advancements, people are expected to instantly integrate them into their lives. The COVID-19 pandemic only expedited this process and, today, we are facing a skilling, reskilling, and upskilling emergency, unlike anything we’ve ever seen before. To integrate the tech-imposed alterations, the world needs a singular solution that can function alongside technological advances. Studyum is such a solution.

Operating entirely on the blockchain and supported by the latest innovations, Studyum is a learning management system (LMS) of the future. The edtech platform is using augmented reality and volumetric videos to provide a unique training experience to athletes and sports enthusiasts, with a highly interactive interface that will span across disciplines. Using a facial recognition system supported by a “learn and earn” reward system, the platform rewards learner performance and engagement with their native STUD token. Implementing AI and machine learning, Studyum can offer individualized care and feedback to students, enabling scalable and quality education everywhere.

Having already partnered with several leading companies and individuals, Studyum has been skyrocketing toward success for quite a while now. Numbering the mastermind strategist Gil Petersil and a Cardano-based launchpad Occam.fi among its strategic partners, the Studyum team hinted that this is only a shadow of the exciting things to come. Now, they partnered with Astronaut, the next-gen BSC launchpad, to enable a multi-chain IDO.

“Studyum has been raised to a completely new level thanks to our partnership with Astronaut. By moving our IDO to more platforms and blockchains, we are creating a solution compatible with the multi-chain approach. We are excited to see Studyum develop into a scalable platform so early in the process.” – Igor Dyachenko, Studyum’s CEO and co-founder

Astronaut has created a fundraising environment powered by the Binance Smart Chain that is secure and profitable for both decentralized projects and investors. The launchpad operates via secure KYC checks and locked liquidity, enabling exclusive early access that doesn’t require large investments of capital. By locking the liquidity of projects instead of burning it, Astronaut has found a safe alternative to fundraising that shows greater gain to decentralized projects and prevents “rug-pulling,” safeguarding investors from scams and frauds.

Accessibility across blockchains and launchpads is definitely a step forward for the uprising LMS. Becoming a multi-chain solution means Studyum’s capacity has been significantly increased. Those interested in purchasing $STUD will be able to do so with lower fees and faster transaction processing.
Studyum’s IDO has been announced for the end of October when it will launch on multiple platforms. All interested parties are encouraged to read more about the project and its mission from their whitepaper and pitch deck.

About Studyum.io

Studyum is a three-dimensional knowledge matrix for students and educators. Groundbreaking technology developed on a decentralized blockchain infrastructure, the platform provides a secure environment perfect for quality learning, teaching, and training on a level never seen before. Relying on the latest technological advancements and confirmed scientific theories, Studyum grants space for individuals to improve themselves in an engaging and fulfilling way.

About Astronaut

Astronaut is a protocol built for decentralizing the way in which new projects and ideas coming to the BNB ecosystem raise capital. The platform allows cryptocurrency projects to raise funds by setting up a pool based on a fixed purchase rate for tokens. With Astronaut, decentralized projects will be able to raise and exchange capital in a cost-effective accelerated manner. Astronaut’s mission is to provide a secure and interoperable environment on the Binance Smart Chain for its users.

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Source: https://cryptopotato.com/studyums-ido-parners-with-astronaut-goes-multi-chain/

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Blockchain

Giveaway scam leaves Bitcoin.org domain down for hours 

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At the time of writing, Bitcoin.org’s web address appeared inaccessible to users after a possible phishing attack was reported earlier today. According to observers, suspicious scam giveaways were being featured on the website before it was taken down by hosting provider Namecheap.com 

Bitcoin.org is an open-source project that claims to support Bitcoin education and development. However, on visiting the site today, users saw a ‘Bitcoin Foundation’ pop-up that claimed to double the funds of users who send BTC to a given address. 

The aforementioned message also said that only the first 10,000 users can avail of the offer.

What’s more, the message also claimed that the Bitcoin Foundation is “giving back to the community.” Here, it is worth noting that the Bitcoin Foundation is a separate entity with the domain name bitcoinfoundation.org. That has no affiliation with Bitcoin.org.

The educational resource site is operated by someone under the pseudonym Cobra.  

Fortunately, most were quick to spot that this was another phishing or giveaway scam that asked for an initial payment. The victims do not receive any rewards and lose the payments sent, and can even lose access to their wallets in a hack.

Even so, data suggested that this giveaway scam was shut down after receiving a little over $17,000 in small transactions.

At press time, Bitcoin.org was down with a “404 Not Found” error. 

In the past, scammers have used crypto-influencers to accelerate fund collection on Twitter. Dozens of “verified” accounts have been created in the past, including Vitalik Buterin and Elon Musk, to raise funds for such endeavors.

What’s more, according to a U.S. Federal Trade Commission report, these impersonators managed to collect $2 million in cryptocurrencies in just six months. 

Recently, another cryptocurrency giveaway scam called the “Elon Musk Mutual Aid Fund” or “Elon Musk Club” was reportedly underway through spam emails. While there are several ways to gain access to users’ crypto funds, QR antics have been back in the news lately. 

According to Malwarebytes and the Better Business Bureau (BBB),

“Rogue QR code antics have been back in the news recently. They’re not exactly a mainstay of fakery, but they do tend to enjoy small waves of popularity as events shaped by the real-world remind everyone they still exist.”

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Source: https://ambcrypto.com/giveaway-scam-leaves-bitcoin-org-domain-down-for-hours

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EGLD Technical Analysis: Breakout of Price Beyond $240.83 Seen, Bullish Day Ahead

EGLD Technical Analysis: Breakout of Price Beyond $240.83 Seen, Bullish Day Ahead

Rate this post Elrond is described as a part of the technology ecosystem for the new internet, including, fintech, decentralized finance, and even the Internet of Things. Elrond platform is capable of performing 15,000 transactions per second, with a latency of six seconds. Let us look at the technical analysis of EGLD. Past Performance On September 16, 2021, EGLD started trading at $241.89. As of September 22, 2021, the closing price of EGLD was $230.51. Thus, in the past week, the EGLD price has decreased by roughly 4.90%. And, in the last 24 hours, EGLD has traded between $202.34-$241.99. https://www.tradingview.com/x/iqVxlFYS/ EGLD Technical Analysis The EGLD price is in a regression trend, which is trading in an upward direction. The price takes support from the support line of the trend and bounces back to the mid-range level. Currently, the price is trading near the mid-range and its long-term resistance level. As per the Elrond market behavior, we can expect it to give a breakout from this range.  Let us see what the indicators are indicating: Currently, EGLD is trading at $240.83. The price has increased from the opening price. Thus, we can witness some bullish momentum in the EGLD token. However, on the chart, we can see that the price is trading in an upward direction. A breakout can be on the horizon. On the daily chart, the MACD and Signal lines are in the positive zone. Moreover, by forming a bearish crossover by the MACD line over the Signal line. Thus, the overall market momentum is bearish, and we can expect the EGLD price to fall. However, both the lines are close to the zero lines and may change signs soon. Thus, there may be a trend reversal on the horizon. The RSI indicator is at 57%. It is currently resisting itself to move upward. Thus, the buying pressure can be seen mounting slowly. Hence, we can expect the price to rise again after a few hours. Day-Ahead and Tomorrow The EGLD price has fallen below the Fibonacci pivot point of $250. As some of the oscillators have shown bullish signals, we can expect the price to rise above the Fibonacci pivot level of $249.35 soon. A breakout from this level will highlight the next resistance at $273. The price has tested and fallen below the 23.6% FIB retracement level of $249.37. If the price falls below the 23.6% FIB extension level after some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well. Furthermore, the price can retest the support level at $202.87.

The post EGLD Technical Analysis: Breakout of Price Beyond $240.83 Seen, Bullish Day Ahead appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Elrond is described as a part of the technology ecosystem for the new internet, including, fintech, decentralized finance, and even the Internet of Things. Elrond platform is capable of performing 15,000 transactions per second, with a latency of six seconds. Let us look at the technical analysis of EGLD.

Past Performance

On September 16, 2021, EGLD started trading at $241.89. As of September 22, 2021, the closing price of EGLD was $230.51. Thus, in the past week, the EGLD price has decreased by roughly 4.90%. And, in the last 24 hours, EGLD has traded between $202.34-$241.99.

TradingView Chart

EGLD Technical Analysis

The EGLD price is in a regression trend, which is trading in an upward direction. The price takes support from the support line of the trend and bounces back to the mid-range level. Currently, the price is trading near the mid-range and its long-term resistance level. As per the Elrond market behavior, we can expect it to give a breakout from this range.  Let us see what the indicators are indicating:

Currently, EGLD is trading at $240.83. The price has increased from the opening price. Thus, we can witness some bullish momentum in the EGLD token. However, on the chart, we can see that the price is trading in an upward direction. A breakout can be on the horizon.

On the daily chart, the MACD and Signal lines are in the positive zone. Moreover, by forming a bearish crossover by the MACD line over the Signal line. Thus, the overall market momentum is bearish, and we can expect the EGLD price to fall.

However, both the lines are close to the zero lines and may change signs soon. Thus, there may be a trend reversal on the horizon.

The RSI indicator is at 57%. It is currently resisting itself to move upward. Thus, the buying pressure can be seen mounting slowly. Hence, we can expect the price to rise again after a few hours.

Day-Ahead and Tomorrow

The EGLD price has fallen below the Fibonacci pivot point of $250. As some of the oscillators have shown bullish signals, we can expect the price to rise above the Fibonacci pivot level of $249.35 soon. A breakout from this level will highlight the next resistance at $273.

The price has tested and fallen below the 23.6% FIB retracement level of $249.37. If the price falls below the 23.6% FIB extension level after some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well. Furthermore, the price can retest the support level at $202.87.

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Source: https://www.cryptoknowmics.com/news/egld-technical-analysis-breakout-of-price-beyond-240-83-seen-bullish-day-ahead/

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