Logarithm. Time frame 3 days. The creators of the cryptocurrency "threw" a huge number of their flock, and distributed an airdrop of "pennies", thereby reducing the price burden on themselves in the bearish trend of altcoins. Therefore, this cryptocurrency, unlike others, has a stronger chart, and the decline was only -80%. This is quite small, considering that the capitalization is in 170th place at the moment.
I specifically superimposed 2 channels on top of each other, ascending and descending. There were a lot of lines, but these dynamic support / resistance will be felt by the price in the future.
🟣Now a triangle is being formed locally, it rested against the downward local trend, from its breakthrough / non-breakthrough, and depends on which global channel the market will be pulled on an average urgent basis. Sorry, the price of this cryptocurrency.
🟢Local targets of the triangle, which can become an ascending pennant are shown on the chart.
🔴Also, a descending target is shown, if the trend is not broken and the triangle works down.
Fundamental (not a legend). LayerZero supports any blockchain that can run smart contracts, such as Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, Fantom and other chains. LayerZero also supports non-EVM chains, such as Aptos. These so-called omnichain applications should become a key layer of the multi-chain future, where different blockchains interact simultaneously.
It is worth noting that the fundamental does not really matter, and cryptocurrencies move (rationality of creators and market maker + real supply/demand) in accordance with the market as a whole, with very rare exceptions, which, as a rule, have a manipulative nature and a very short time.
Also, it is worth noting that when the altseason begins, this cryptocurrency can be greatly pumped up, given the emission of cryptocurrencies in one hand, and the real demand in the future for this protocol for different blockchains.
I specifically superimposed 2 channels on top of each other, ascending and descending. There were a lot of lines, but these dynamic support / resistance will be felt by the price in the future.
🟣Now a triangle is being formed locally, it rested against the downward local trend, from its breakthrough / non-breakthrough, and depends on which global channel the market will be pulled on an average urgent basis. Sorry, the price of this cryptocurrency.
🟢Local targets of the triangle, which can become an ascending pennant are shown on the chart.
🔴Also, a descending target is shown, if the trend is not broken and the triangle works down.
Fundamental (not a legend). LayerZero supports any blockchain that can run smart contracts, such as Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, Fantom and other chains. LayerZero also supports non-EVM chains, such as Aptos. These so-called omnichain applications should become a key layer of the multi-chain future, where different blockchains interact simultaneously.
It is worth noting that the fundamental does not really matter, and cryptocurrencies move (rationality of creators and market maker + real supply/demand) in accordance with the market as a whole, with very rare exceptions, which, as a rule, have a manipulative nature and a very short time.
Also, it is worth noting that when the altseason begins, this cryptocurrency can be greatly pumped up, given the emission of cryptocurrencies in one hand, and the real demand in the future for this protocol for different blockchains.
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.