Best Long Term Cryptocurrency 2021 – The first quarter of 2021 was a memorable period for the entire cryptocurrency complex, with significant gains in lesser-known coins and equally impressive gains in branches such as Binance Coin, Cardano, and Uniswap.

On March 30, the price of Binance Coin broke out of the symmetric triangle extension pattern and touched the 50% rapid movement of the falling pattern at $424. Yesterday, BNP broke the 161.8% Fibonacci retracement of the February retracement at $565. The chart continues with the 261.8% extension of the 2019-2020 bear market at $942 and 261.8% of the February correction at $1,128 in the long term.

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A brief consolidation may occur as speculators are witnessing today, leaving latecomers in on time. However, according to indicators and indicators, the consolidation should be relatively moderate, reducing the 23.6% retracement of the rally on March 25 to $502. A decline of 38.2% to $430 should provide further weakness.

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Hot sectors such as DeFi and NFT offer the biggest growth opportunities for Cardano in the short and long term, and the price reflects a growth of more than 500% in the first quarter.

Since February, ADA has defined a narrow symmetrical triangle below the 2018 high of $1.40. The triangle movement measures $2.05, which is below the 161.8% Fibonacci retracement of the February-March decline at $2.08, which represents 38% from the decline of the triangle at $1.48.

A further major advance is not out of the question, and forecasters should consider the 261.8% retracement to $3.39 and the 361.8% retracement to $5.50 as possible profit targets after the triangle breakout.

Before the triangle declines, the Cardano price will have to fight the consolidation of support at the 21-day simple moving average (SMA) at $1.20, the 50-day SMA at $1.18 and the uptrend of the triangle at $1.17.

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From $33.00 on February 20 to yesterday, the Uniswap price carved a head and shoulders pattern, with the right shoulder hugging the 50-day SMA. Yesterday’s rally broke above the right shoulder and made a new high, which led to the breakout and positioning UNI for a 40% increase in the upper trend line in the coming days.

A successful break above the upper trend line will allow UNI to challenge the March 2,618 retracement at $57.82 and the 3,618 retracement at $78.96.

The rejection of the new high will align the UNI with the 21 day SMA at $29.82 and the 50 day SMA at $29.40. The 38.2% decline in the 2020-2021 bear market is the next support level at $23.46, followed by the 100-day SMA at $22.06.

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Bitcoin (BTC) prices headed north, boosted by reports on Monday from MicroStrategy and BlackRock. Along with increased market confidence, risk appetite for investors is also showing resilience.

The price of Stacks (STX) fell after the rise in the price of Bitcoin that shocked the market on Monday, passed $57,000 and dumped $100 million in short positions.

Blast, a project designed to support Mangal’s Layer 2 solution, is about to launch its mainnet on February 29. Market participants have locked up over $2 billion worth of crypto assets on the Blastin Bridge to earn returns and Blast Points.

TRON recently announced its roadmap for integration with the Bitcoin blockchain. Justin Son’s X post explains how TRON will integrate ecosystem assets with the Bitcoin blockchain to support BTC Layer 2 solutions.

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Daily FX Analysis, May 05 – Link to US Events Series – Top Trading System!

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Safe metal prices extended their 4-day winning streak to a new 7.5-year high of $1,760 since November 2012, even as Federal Reserve Chairman Jerome Powell previously ruled out the possibility of negative rates. again. However, renewed tensions between the U.S. trade war with China can be a consequence of the increase in gold. Meanwhile, the dollar index, which tracks the value of the greenback (gold’s worst enemy) against major currencies, is near 100.34. Currently, the price of the yellow metal is trading at 1,761.78 and is consolidating between 1,743.02 – 1,764.73.

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