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Shiba Inu (SHIB) Rises to Range High

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Shiba Inu (SHIB) yesterday reached the range high where it has been trading since May 2021. If the token breaks out of that area, it could begin a parabolic rise.

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SHIB currently ranks as the 47th largest cryptocurrency by market capitalization, according to Coingecko. The main “dog competitor” and also the younger brother of Dogecoin (DOGE) broke out of the descending triangle pattern and validated the falling resistance line as support.

SHIB reaches the range high

Since the May 2021 declines, SHIB has been in a range between resistance in the $0.00000950 area (red rectangle) and support at $0.00000550 (green rectangle). Over a period of almost 4 months, the altcoin has repeatedly reached and bounced off these two areas.

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On 16 September, SHIB rose 26% to reach the resistance area again a day later. At the press release, this area rejected the price and left a long upper wick.

However, if the daily candle closes above $0.00000904, a higher high will be printed on the daily chart. Combined with the higher low (blue arrows) of 7 September, this could signal a reversal and the start of an upward impulse.

Chart by Tradingview

The possibility of breaking through the top of the range and continuing the uptrend is also confirmed by the growing volume signature. During the last two days, it reached the highest values since mid-June (red arrow).

Technical indicators confirm the possibility of the continuation of the uptrend. RSI has broken above the 50 line and is rising. MACD generated two positive momentum bars and the signal line is close to entering positive territory. The stochastic oscillator is heading upwards and is close to entering bullish territory above 80.

Chart by Tradingview

Descending triangle

The daily chart also shows the breakout from the descending triangle that occurred on 7 September (orange arrow). On that day, SHIB rose 24% and began a multi-day consolidation. It then rose to the top of the range at $0.00000950 and started a downtrend.

The downward movement validated the descending triangle line twice as support (orange circles) and brought the price to the bottom around the range support area. Since then, SHIB has risen 40% and continues its upward movement.

Chart by Tradingview

The movement target for this pattern as measured by the height of the descending triangle is the $0.00001100 level. This resistance coincides with the 1.414 Fib external retracement level measured for the last downward movement. If SHIB reaches this peak, it will confirm the breakout from the range described in the previous section.

SHIB future movement

The short-term 4-hour chart shows a breakout from the descending resistance line that has been respected since August 17. The line was tested several times until it was decisively broken through with high volume on 16 September.

At the same time, the SHIB price also broke through the short-term support/resistance area near $0.00000760 (green rectangle). It coincides with the 0.382 Fib retracement level. It is expected that in the short term it will serve as support and the price will validate the area before continuing the upward movement.

Chart by Tradingview

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

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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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PhD and an assistant professor at an international university in Lublin, Poland. Spent 10 years studying philosophy of nature and sport science. An author of 4 books and two dozens of scientific articles. Now, he is using his mind for the benefits of the cryptocommunity. Technical analysis enthusiast, Bitcoin warrior, and a strong supporter of the idea of decentralization. Duc in altum!

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Source: https://beincrypto.com/shiba-inu-shib-rises-to-range-high/

Blockchain

Earn up to 4.75% Yearly When You Stake Your ALGO

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We’re thrilled to announce that Kraken now supports staking for holders of Algorand’s native token, ALGO!

Head into the Earn section of your account to put your ALGO to work today.

What is Algorand?

Algorand is a Proof-of-Stake blockchain that rewards users for contributing their funds as part of the network’s validation process. With a goal of delivering faster, scalable and more cost-effective smart contracts, it departs from the traditional infrastructure that underpins leading cryptocurrencies.

What you need to know

  • You can earn up to 4.75% in yearly rewards, distributed weekly.
  • Deposits require 10 confirmations (~45 seconds). You can add ALGO to your Kraken account by navigating to Funding, selecting the asset and hitting Deposit.

Will Kraken list more assets?

Yes! But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s listed tokens are available on our website, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future.

Trade with caution

Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).

Invest with caution

Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://blog.kraken.com/post/11665/earn-up-to-4-75-yearly-when-you-stake-your-algo/

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4 punti Ask Yourself when you are angry al tuo Guy

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Noi-tutti have crazy al tutti i nostri uomini frequentemente, ma occasionalmente è generalmente anche peggiore rispetto agli altri. Potresti pensare quale lui è oltre a danno a te o sei ottenere anche doloroso e sensibile, ma spesso è solo tanto lui com’è tu. Tuttavia potresti sentire che i ragazzi sono semplicemente insensibili, è quello che preso qualunque cosa il ragazzo menzionato completamente sbagliato?

Poco prima entrare un knock-down-drag-out battaglia, potresti volere attentamente cosa veramente andato errato. Se trovi che sei pazzo con lui e anche tu desidero realizzare un po’ di valutazione, può effettivamente ripagare. Questo può aiutare noi al fine di evitare numerosi partite potrebbe anche permettici di osservare circostanze dimostrabilmente. Quindi prendi un passo indietro, fai un buon respiro profondo, e chiedi te stesso queste preoccupazioni la prossima volta sei crazy at the man!

1. Did the guy really mean it just how I preso? I ragazzi sono davvero letterale creature e le donne sono molto mentale creature. A volte ottenere due incontrarsi al centro non è sempre semplice. Devi pensare se il ragazzo veramente significato esattamente come lui è arrivato fuori, o se tu stai verificando altro assorbito. Comunemente uomini answer una preoccupazione o solo rispondere a qualcosa senza fornire circostanze molto pensiero. Se lo desideri assicurati se sei matto con lui o forse no, prendersi cura di consideralo ed estremamente esaminare se lui significato {il modo in cui|il modo in cui|l’hai ottenuto.

2. In realtà è lui un fantastico ragazzo spesso e questo è isolato incidente? A volte potrebbe aver sperimentato un terribile ora, in cui lui prende it per te. Se il ragazzo sente fuori controllo o infastidito allora lui potrebbe clic contro di te, e può essere un incidente isolato. Se è un piacevole uomo spesso, poi tagliato lui un po ‘di flessibilità. Tutti fa errori e questo è probabilmente loro creare, così potresti dover lasciarlo slip. Se lui è di solito davvero in traccia verso sentimenti e si preoccupa di te significativamente, potrebbe essere probabilmente varrà moving last in conclusione.

3. Really does the guy ha una routine di danneggiare mio personale emozioni o eseguito lui solo rispondere a qualcosa? Sii onesto nel tuo valutazione proprio qui da questo in realtà importa dentro grande immagine. Se lui il tipo esattamente chi influisce i tuoi sentimenti tipicamente successivo cioè una motivo sufficiente per essere sconvolto con lui. Se lui è solo rispondere a te o se lui spesso un benefico uomo allora puoi certamente trascurarlo. Se tuttavia lui uno schema di danneggiare le tue emozioni o piazzare suo personale base, avrai bisogno possedere molto di più significativo dialogo.

4. Was I being also painful and sensitive o critico, o forse è tutto questo giustificato? Devi effettivamente avere un senso per quando è tu o se forse è davvero lui. Chiediti davvero se dovresti esserlo diventare anche critico o rapido per rispondere, o se è garantito. Occasionalmente possiamo rispondere e guardare dopo era assolutamente important. Trascorri un po ‘di tempo per in realtà guarda questo e probabilmente varrà passare rapidamente che ogni cosa iniziato in l’iniziale destinazione.

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Blockchain

Bifrost (BNC) Trading Starts October 26 – Deposit Now

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We’re thrilled to announce that Kraken now supports Bifrost (BNC)!

  • Deposits and withdrawals are available starting now. 
  • Trading will begin October 26 at approximately 15:30 UTC.

Note: Trading is not available to residents of the USA, Canada, Australia and Japan.

What is Bifrost?

Bifrost provides staking liquidity to anyone accessing its network. This means token holders can stake any cryptocurrency, such as DOT or ETH, on the Bifrost platform and receive a vToken of equal value (vDOT or vETH), allowing them to access decentralized finance applications while still receiving staking rewards.

Will I receive BNC for contributing to the auction?

What time will funding and trading start?

Deposits and withdrawals are live! Trading starts on October 26, at approximately 15:30 UTC. 

Trading pairs for BNC

  • BNC/USD
  • BNC/EUR

How to deposit BNC

  1. Navigate to Funding and click on Deposit. You can find the asset either by locating it in the list or by searching for “BNC.”
  2. Click “Deposit” next to BNC and follow the on-screen instructions.

Confirmations required before deposits credit

  • 25 (about 4 minutes)

Trading minimums

  • 1 BNC (price precision $0.01 / €0.01)

Fees and funding minimums 

Which services will be available for BNC?

Available

Not (yet) available

Will Kraken list more assets?

Yes! But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s listed tokens are available on our website, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future. 

Trade with caution

Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).

Invest with caution

Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://blog.kraken.com/post/11639/bifrost-bnc-trading-starts-october-26-deposit-now/

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