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SC Technical Analysis: Price May Soon Breakout of the First Support Level of $0.0163

SC Technical Analysis: Price May Soon Breakout of the First Support Level of $0.0163

Rate this post Sia is a cloud storage platform based on blockchain technology. It is decentralized, serverless, cost-effective, and doesn’t require signups or intermediaries. It is highly redundant and secure too. SC is the prime governance token of this ecosystem. The following SC technical analysis will predict the price trends for the next few days: Past Performance On May 24, 2021, SC opened at $0.01. On May 30, 2021, SC closed at $0.017. Thus, in the past week, the SC price has increased by approximately 70%. In the last 24 hours, SC has traded between $0.016-$0.017. https://platoblockchain.net/wp-content/uploads/2021/05/sc-technical-analysis-price-may-soon-breakout-of-the-first-support-level-of-0-0163.png Day-Ahead and Tomorrow Currently, SC is trading at $0.016. The price has decreased from the day’s opening price of $0.017. Thus, the market seems bearish. The MACD and signal lines are negative. Thus, the overall market momentum is bearish. However, a bullish crossover by the MACD line over the signal line has occurred. Moreover, both the lines are close to the zero line and may change signs soon. Hence, we can expect a bearish trend reversal. Currently, the RSI indicator is at 48%. It faced rejection at 46% and rose to this level. Thus, buying pressures are slowly mounting. In other words, like the MACD indicator, the RSI oscillator has also indicated an impending trend reversal or price rise. The OBV indicator is upward sloping. Thus, buying volumes are higher than selling volumes. High buying activity will exert upward pressure on the SC price. In short, when we look at all three oscillators, we can say that the price may start rising soon. However, we have to wait and watch if this price rise is a temporary corrective price action or the beginning of a bullish trend. SC Technical Analysis Currently, the price is below the second Fibonacci pivot support level of $0.016. It may soon break out of the first support level of $0.0163. The SC price has tested and fallen below the 23.6% FIB retracement level of $0.0162. It may soon retest and break out of this level. Thus, as of now, the bulls are gaining strength.  Hence, the price upswing may continue today and tomorrow.

The post SC Technical Analysis: Price May Soon Breakout of the First Support Level of $0.0163 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Sia is a cloud storage platform based on blockchain technology. It is decentralized, serverless, cost-effective, and doesn’t require signups or intermediaries. It is highly redundant and secure too. SC is the prime governance token of this ecosystem. The following SC technical analysis will predict the price trends for the next few days:

Past Performance

On May 24, 2021, SC opened at $0.01. On May 30, 2021, SC closed at $0.017. Thus, in the past week, the SC price has increased by approximately 70%. In the last 24 hours, SC has traded between $0.016-$0.017.

https://platoblockchain.net/wp-content/uploads/2021/05/sc-technical-analysis-price-may-soon-breakout-of-the-first-support-level-of-0-0163.png

https://platoblockchain.net/wp-content/uploads/2021/05/sc-technical-analysis-price-may-soon-breakout-of-the-first-support-level-of-0-0163.png

Day-Ahead and Tomorrow

Currently, SC is trading at $0.016. The price has decreased from the day’s opening price of $0.017. Thus, the market seems bearish.

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The MACD and signal lines are negative. Thus, the overall market momentum is bearish. However, a bullish crossover by the MACD line over the signal line has occurred. Moreover, both the lines are close to the zero line and may change signs soon. Hence, we can expect a bearish trend reversal.

Currently, the RSI indicator is at 48%. It faced rejection at 46% and rose to this level. Thus, buying pressures are slowly mounting. In other words, like the MACD indicator, the RSI oscillator has also indicated an impending trend reversal or price rise.

The OBV indicator is upward sloping. Thus, buying volumes are higher than selling volumes. High buying activity will exert upward pressure on the SC price.

In short, when we look at all three oscillators, we can say that the price may start rising soon. However, we have to wait and watch if this price rise is a temporary corrective price action or the beginning of a bullish trend.

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SC Technical Analysis

Currently, the price is below the second Fibonacci pivot support level of $0.016. It may soon break out of the first support level of $0.0163.

The SC price has tested and fallen below the 23.6% FIB retracement level of $0.0162. It may soon retest and break out of this level. Thus, as of now, the bulls are gaining strength.  Hence, the price upswing may continue today and tomorrow.

#SC #Siacoin

Source: https://www.cryptoknowmics.com/news/sc-technical-analysis-price-may-soon-break-out-of-the-first-support-level-of-00163/

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ETH Options launches on PowerTrade

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PowerTrade, the most sophisticated crypto options trading platform, announces the addition of ETH options. PowerTrade’s addition of ETH options trading comes just as the asset retests its all-time-high with key resistance levels along the way—likely resulting in market volatility and presenting the ideal time for options trading.  

Given many crypto exchanges are not designed to support the complexity of options trading, the options market has been underserved until now. PowerTrade is specifically designed to support crypto options, enabling professional and retail traders to maximize ROI through an easy-to-use interface that aims to provide better prices at higher volumes with less capital. As the only crypto exchange that offers options priced in USD with SPAN (Standard Portfolio Analysis of Risk) margin, PowerTrade holds great appeal for traders seeking to discover new ways to make greater profits.

The ETH options are portfolio (SPAN) margined with the BTC options market, allowing for complex options strategies.  Also known as Portfolio Margin, SPAN margin takes traders’ entire portfolio risk into account when determining margin requirements, not just the risk of a trader’s individual positions.

This means if a trader has multiple positions that offset each other when the market moves, the required collateral will be much lower than the typical crypto margin exchange. The benefit of SPAN is that after calculating the worst-case daily move for one particular open position, some positions end up in profit, not requiring any margin and enabling unrealized gains to offset margin obligations for losing positions or new positions.

In the maturing crypto market, the integration of SPAN is integral in empowering traders to maximize ROI.

Tom Howard, Business Development & Growth at PowerTrade, expressed, “We’re very pleased to be able to offer ETH options trading to the wider crypto market at such a pivotal time in Ethereum’s development. Because PowerTrade’s platform is easy to use and mobile-first with low minimums and low fees, it truly puts the power of ETH options into the hands of traders.”

PowerTrade is now allowing all users to trade and earn up to $1,888 with PowerRewards.

Here’s how: 

  • Deposit funds up to $1,000 min. and earn $20
  • Trade min. $1,000 worth of crypto options (BTC/ETH) and earn $30
  • Earn additional rewards as you trade higher, up to $1,888
  • Must complete steps above and apply to earn rewards

For more information about PowerRewards, view our blog

To stay up-to-date on our latest news and developments, please join our Telegram channel and follow us on Twitter

About PowerTrade

PowerTrade is an easy-to-use crypto options trading platform, enabling traders to maximize ROI through an intuitive interface that provides better prices and lower margin requirements.

At PowerTrade, it’s easy for anyone to get started trading with as little as $1 USD and continue trading with simple, fast, mobile-first trading for crypto options.

 Disclaimer: This is a paid post and should not be treated as news/advice.

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Source: https://ambcrypto.com/eth-options-launches-on-powertrade

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Real Madrid Player Gareth Bales Announces NFT Collection on Crypto.com

Gareth bales NFT collection

Rate this post Real Madrid star Gareth Bales, has become the latest sports celebrity to announce an NFT collection. In a recent press release, Bales announced that he is partnering with London-based artist, Dines, to release limited edition NFTs on Crypto.com. Real Madrid Star Gareth Bale Is Dropping an NFT Collection via Crypto.com Real Madrid winger Gareth Bale is following Lionel Messi’s lead in launching limited edition nonfungible tokens (NFTs), which will debut on September 28.  The Welsh football legend is airdropping two types of digital collectibles through Crypto.com. One of these categories comprises poster-like images of Bale’s career highlights, while the other comprises 3D reimaginations of his memorable bicycle goal from the 2018 UEFA Champions League.  To bring this project to life, Bale collaborated with the British artist DINES, who has previously worked with the likes of Nike, EA Sports, Adidas, and Levis.  “I am thrilled to partner with Crypto.com and London-based artist DINES, to release my line of NFTs. Over the course of my career, I have had the privilege to play for incredible fanbases around Europe and the world. Now, I look forward to giving something back to my supporters in the form of digital assets that you cannot find anywhere else,” Bale said in the press statement. He added that he sees Blockchain and NFTs as a new medium to raise awareness for causes. And through this initiative, he’ll be able to help Velindre Cancer Centre, which will receive a portion from all the sales.  Crypto.com Thrilled About the Partnership Commenting on the partnership with Bales, Crypto.com Executive Vice President and Global Head of NFT Joe Conyers III said that he was delighted to support an important cause. He explained: “Gareth is a football icon. Whenever we get to introduce a globally celebrated athlete to the NFT space, and welcome their fans into our community, it is a historic moment that we really cherish. We are honored to work with Gareth and DINES on this collection celebrating his storied career, and to do so in support of such a worthy cause makes it that much more special.” It is worth noting that Bale is one of Real Madrid’s most expensive transfers to date. The player was signed to the La Liga club for $117 million in 2013.

The post Real Madrid Player Gareth Bales Announces NFT Collection on Crypto.com appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Real Madrid star Gareth Bales, has become the latest sports celebrity to announce an NFT collection. In a recent press release, Bales announced that he is partnering with London-based artist, Dines, to release limited edition NFTs on Crypto.com.

Real Madrid Star Gareth Bale Is Dropping an NFT Collection via Crypto.com

Real Madrid winger Gareth Bale is following Lionel Messi’s lead in launching limited edition nonfungible tokens (NFTs), which will debut on September 28. 

The Welsh football legend is airdropping two types of digital collectibles through Crypto.com. One of these categories comprises poster-like images of Bale’s career highlights, while the other comprises 3D reimaginations of his memorable bicycle goal from the 2018 UEFA Champions League. 

To bring this project to life, Bale collaborated with the British artist DINES, who has previously worked with the likes of Nike, EA Sports, Adidas, and Levis. 

“I am thrilled to partner with Crypto.com and London-based artist DINES, to release my line of NFTs. Over the course of my career, I have had the privilege to play for incredible fanbases around Europe and the world. Now, I look forward to giving something back to my supporters in the form of digital assets that you cannot find anywhere else,” Bale said in the press statement.

He added that he sees Blockchain and NFTs as a new medium to raise awareness for causes. And through this initiative, he’ll be able to help Velindre Cancer Centre, which will receive a portion from all the sales. 

Crypto.com Thrilled About the Partnership

Commenting on the partnership with Bales, Crypto.com Executive Vice President and Global Head of NFT Joe Conyers III said that he was delighted to support an important cause. He explained:

“Gareth is a football icon. Whenever we get to introduce a globally celebrated athlete to the NFT space, and welcome their fans into our community, it is a historic moment that we really cherish. We are honored to work with Gareth and DINES on this collection celebrating his storied career, and to do so in support of such a worthy cause makes it that much more special.”

It is worth noting that Bale is one of Real Madrid’s most expensive transfers to date. The player was signed to the La Liga club for $117 million in 2013.

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Source: https://www.cryptoknowmics.com/news/real-madrid-player-gareth-bales-announces-nft-collection-on-crypto-com/

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Making sense of the path Bitcoin’s price will take in the near future

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Each time a halving occurs, Bitcoin sees a dramatic surge to a new all-time high, beyond many expectations. Bitcoin’s value sees regular pumps, followed by regular dumps until it eventually stabilizes with a new bottom. For some months, it trades relatively sideways until a second surge begins.

Based on this narrative, can Bitcoin record a new ATH in 2021? 

Analyst Bit Harington, in a series of tweets presented a similar scenario inspired by Bitcoin’s bull runs, post halving.

Source: Twitter

Bitcoin’s halving event in 2012 and 2016 saw the token rise by more than 600%, when measured from the resistance/support (R/S) line. Analysts (in the past and even now) perceive the halving as a bullish event. The said analyst is no different. He opined,

“What if…? Bitcoin

[R=Resistance, S=Support] From the R/S line Bitcoin pumped ~6X after halving 1 (~$200 to ~$1200) and also ~6X after halving 2 (~$3K to ~$20K)…”

In 2020-2021, Bitcoin witnessed an immense surge; a surge from below $4,000 to rising to above $60,000. (see chart below). Well, now, maintaining the $60k mark as the same R/S line – a clear bullish breakout looks imminent.

Exploring further 

Dutch trader and analyst Michaël van de Poppe too added some support to the aforementioned analysis. As per his tweet, it would lead Bitcoin prices to the $250,000-$350,000 range. Poppe, on the same thread, added,

“This makes a ton of sense and in line with my ideas too. Somewhere (in) 2017 we are. Heavy breakout to come at a later stage to ~$250-350K and then landing on $65K in the bear market for Bitcoin.”

Having said that, he hinted at a possible correction as well. The bear market could push Bitcoin prices back toward $65,000. Apart from this, other members in the community too agreed with the aforementioned analysis. Now, needless to say, a certain group completely slammed the said thesis. Something that remains common within the crypto world. For instance,

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Source: https://ambcrypto.com/making-sense-of-the-path-bitcoins-price-will-take-in-the-near-future

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