🔅#Ethereum Bullish Flag Pattern

👉🏻 $ETH is now consolidating within a Bullish Flag which, if the breakout is confirmed, should push the price up to at least $2,100

⛔️ In case of invalidated breakout, $ETH price could retrace to supports based on Fib 0.5 and 0.618, around $1200-1300

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✨Did you know that a #Breakout Structure is made up of 3 different stages?

1️⃣ #Consolidation phase (flag price structure) should be well-defined within two down-sloping parallel trend lines.

2️⃣ #Breakout phase, a genuine breakout, occurs when the price spikes through the upper resistance line. (the breakout needs to be accompanied by heavy volume).

3️⃣ #Confirmation phase, in which a breakout is confirmed by the price closing above the upper resistance line. (along with sustained follow on buys above the flag).

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As usual, before investing in any crypto project, you should do your own research. DYOR. You've heard it before, and you'll hear it again. 😎

Definitely TOO LATE! During these 2 years of pandemic, Madame Lagarde maintained a very accommodating monetary policy in the euro zone, in particular so as not to oppose the Fed and US dollar.

As luck would have it, the rate hike comes just 10 days after the dollar reached parity with the euro for the first time in 20 years.

Attempting this now will only make things worse for European people and destroy demand (employment).

🔅#Chainlink is Portfolio Diversification because it is alone in its ecosystem, and it is by far the oracle and referent of the entire Ethereum ecosystem (Layer-2 included). He is therefore one of the sure winners of this cycle, without going "To The Moon". $LINK remains a very low risk token, and can therefore represent up to 5% risk-free in a portfolio.

Technically $LINK is stuck in a 75-day-mature-range, and still hasn't rallied from its last bottom. Upon breakout of the range, $LINK should rise directly between the resistances at $13 and $18 levels.

#Chainlink is ranked #23 by market cap.

#DeFi #Oracles #SmartContracts #Substrate #Web3

Thanks to Phil (Pro-Indicators) for this reminder about Chainlink

🚩#Bitcoin Quick Update‼️

41-day-range: I told you that $BTC could stay in its range for a while...

Despite a red-monday, glad to see that the major stablecoins $USDT $USDC $BUSD maintain strong parity with the dollar.

✨Layer-1 & Layer-2 Blockchain Scaling Solutions

For blockchains to compete with legacy payments processors, they need to be able to process high volumes of transactions quickly, at a low cost.

▫️Why is Scalability Important?
The main goal of scalability is to increase transaction speed (faster finality) and transaction throughput (higher transactions per second) without sacrificing decentralization or security.

▫️There are 2 primary ways to achieve blockchain scalability: Layer-1 & Layer-2 Solutions. 👇👇

1️⃣ LAYER-1
It's a network that acts as infrastructure for other applications, protocols, and networks to build on top of. A public decentralized layer-1 network's primary characteristic is its consensus mechanism.
🔹#Bitcoin
🔹#LItecoin
🔹#Algorand
🔹#Cardano
🔹#Hedera
🔹#Solana
🔹#Ethereum 2.0 is one high-profile blockchain protocol that is exploring shards, along with #Zilliqa, #Tezos, and #Qtum.

2️⃣ LAYER-2
It refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major crypto networks.
🔹#Polygon
🔹#Arbitrum
🔹#Loopring
🔹#ImmutableX
🔹#xDaiChain

▫️Layer-1 vs Layer-2 Key Differences
The main difference between layer-1 vs layer-2 scalability solutions lies in their role and focus on the blockchain. 👇👇👇

🔅Layer-1 is here to improve the blockchain architecture, while layer-2 is here to build third-party networks on top of the main blockchain.

🔅Layer-1 can provide the most effective solution in large-scale protocol upgrades. However, using this method also means that the validator must be convinced to accept changes via a hard fork.

🔅Layer-2 provides a faster way to increase scalability. However, users can potentially lose the level of security of the original blockchain due to the use of third parties.

▫️Conclusion
👉🏻Layer-1 and layer-2 are just two sides of the same scaling solution. Therefore, they have a strategy designed to make the blockchain network faster and more accommodating for a rapidly growing user base.

👉🏻These strategies also do not outperform each other, and many blockchain networks are exploring combinations of layer-1 and layer-2 scaling solutions on blockchains to achieve increased scalability without compromising security or adequate decentralization.

☘️ I'm just exploring DeFi Saver, an asset management application that enables users to create and manage DeFi positions across Ethereum protocols, focused on creating, managing, and tracking all sorts of positions.

🔹Your position is automatically maintained at a specific ratio to protect it against liquidation or increase your leverage based upon market movements.
🔹Boost and Repay are convenient transaction features that allow you to increase your leverage or repay debt.
🔹Convert your position's collateral, borrow asset, or move it to a different protocol in one transaction.
🔹Smart Savings allows you to quickly access the best lending interest rates across all popular DeFi protocols.
🔹Multiple decentralized exchanges provide liquidity for ETH and Dai.
🔹All popular DeFi protocols can be managed in one application.
🔹All supported DeFi protocols, including MetaMask and hardware, are available.

Official website. https://app.defisaver.com
(There is a simulation option for testing)

⚡️#KuCoin Acquires $10M in Funding and Partnership with SIG on Wall Street.

Crypto exchange KuCoin has raised over $10 million in strategic investment from Susquehanna International Group (SIG), one of Wall Street’s largest quantitative trading firms.

👉🏻What a good response to the FUD which had been organized to discredit Kucoin 💪🏻😆

https://www.bloomberg.com/press-releases/2022-07-21/kucoin-announces-10-million-strategic-investment-from-sig

🛑 Ads from Crypto Influencers are now in the sights of the AMF 👍

The #AMF and the advertising regulatory authority will work together to regulate the communication of influencers promoting financial products.

👉🏻Anyone who receives payment for making a video, a review, or an article should mention "Sponsored Content" in a banner or in top of the text, and not just a small disclaimer in the bottom of content.
If it's sponsored then it's advertising

https://airmedltd.com/ads-from-crypto-influencers-are-now-in-the-sights-of-the-amf/

💚 #Cosmos $ATOM Ready For New Uptrend Rally 🚀

This is nothing technical but just pure speculation by myself. 😅

If this new bullish channel in formation could perform like the previous one, it would be definitely great trades for the months to come‼️

✅ Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; July Fed Meeting.

👉🏻It will be no big surprise since Powell has given a clear and detailed roadmap for 2022.

The US Federal Reserve has already hiked interest rates by 150 bps in 2022 and is expected to raise rates by another 200 bps during the remaining months of 2022.
Cumulatively, this would be tantamount to about 350 bps rate hike during 2022, making it the most aggressive rate hike cycle.

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👉🏻This headline from the DAILY KOS made me realy smile 😂

✅ The Fed's Interest Rate Hikes are the Hydroxychloroquine of Treating Inflation.

Conventional monetary policy, like hydroxychloroquine, can take a sick patient and make him even worse off.

https://www.dailykos.com/stories/2022/7/26/2111422/-The-Fed-s-Interest-Rate-Hikes-are-the-Hydroxychloroquine-of-Treating-Inflation

✨Central Bank Digital Currency #CBDC

Several countries are in the #CBDC pilot phase, including Russia, Thailand, Malaysia, South Korea, Sweden, United Arab Emirates, and Saudi Arabia. It is not known, however, which program could be the subject of a formal launch.

Concrete plans to launch a #CBDC have been registered in Canada, Australia, Brazil and India, among others. The digital euro is also in the development phase, with a pilot planned for 2023 in participating nations.

In developing countries, central banks want to be able to reach the unbanked. In Mexico, it was the banks that united to demand a #CBDC, worried that the unbanked would acquire #cryptocurrency at no cost.

✅ #KuCoin is ramping up its efforts to combat FUD by launching a new "Anti-FUD Fund" designed to track down and take legal action against FUDers, among other goals.

from Johnny Lyu, KuCoin CEO @lyu_johnny

FUD benefits no one except the FUDers. It misleads investors and harms the industry’s image and market confidence.

To build a crypto space with less FUD, #KuCoin is going to launch an Anti-FUD Fund.

Currently, the fund will mainly focus on...

1️⃣ Implement Anti-FUD education online and offline. We will leverage our global community in over 20 languages to deliver knowledge, including what is FUD and how to distinguish it, etc.

2️⃣ Motivate and acclaim industry leaders and influencers who are always responsible, delivering trusted information to their audiences, and helping them stay away from FUD.

⚡️Ethereum Classic "W" Pattern

The W formation (or double bottom) is a bullish pattern that in many cases precedes a rise in market prices in an exponential way. At the moments when the lows are reached, high demand to buy the asset can occur. The great explosion in buying bids causes prices to rise abruptly thereafter.

✨#BTC at $69,000 ➡️ Bulls thought it would hit $100,000

✨#BTC at $20,000 ➡️ Bears think it will hit $10,000

👉🏻 Either way, both will be wrong. #Bitcoin never goes as high or as low as these so-called speculators think. 😎