Skip to main content

LUNA, POLKADOT AND CHAINLINK – CRASH ON THE ALTCOIN MARKET!

 


After the dump is before the pump? Today we're going to take a closer look at LUNA, Polkadot, and Chainlink. How deep can it go? Where is a possible bottom for these altcoins?


Terra (LUNA) has also been hit hard in the last few hours. We've now lost over 25% in the last 24 hours. Of course, that was also due to the fact that we were in an area where there was hardly any support.


We are currently at around $57.50 and in a strong support zone. This goes from about 57 - 52 USD. Recently we have seen a bounce on monthly support S1. Many support zones also overlap at this cell.



It would now be important that we first consolidate at this point and strengthen the support here in order to possibly get a bounce upwards. Because we were sold out so quickly, of course we don't have any resistance at first.


Polkadot (DOT) is also now in a key support zone. After we found ourselves in free fall here too, we are now entering a stronger support zone again for the first time.


We are currently trading around $17.80 and have tested this important key level. Here, too, it would now be important that we first find support in order to then form a bullish pattern.



The RSI is in an absolute oversold territory. We see these values ​​in almost all altcoins and we have not seen them since the so-called corona crash in March 2020.


Chainlink (LINK) has meanwhile more than reached the price target of our former falling wedge . Now we have, first of all, additionally broken through the important uptrend (blue line) downwards.


The sales volume is still there and has not particularly decreased. At the moment we are at around USD 15.70 and therefore still above our monthly support S1. This can be started again.


In addition, we have now formed a lower low. So there can no longer be any talk of an uptrend. The RSI is also in a significantly oversold territory. A consolidation would be desirable.



Attention: Always keep an eye on Bitcoin in the analyzes mentioned above! Bitcoin is now also coming into strong support zones, but we still have potential up to around USD 32,000. Thus, the altcoins can correct again more strongly.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

  MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon

British financial regulator criticizes cooperation between Binance and Paysafe

  The British financial regulator FCA has expressed concerns about the partnership between market-leading crypto exchange Binance and payment service provider Paysafe. As the British regulator complains, the partnership gives Binance access to the influential British payment network Faster Payments Service (FPS), from which the crypto exchange was previously cut off. Last June, the FCA ordered Binance to stop all business activities in Great Britain. As a result, prominent banks such as Barclays have terminated their cooperation with the leading crypto trading platform . Through the cooperation with Paysafe, Binance can now again offer deposits in British pounds sterling and transactions within the European Payments Area (SEPA). However, this fact is a thorn in the side of the FCA, as it classifies the crypto exchange as a “considerable risk factor”. However, the financial regulator sees little room for maneuver to counteract this, as the Financial Times reports . “ Paysafe understands