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Price analysis 9/14: BTC, ETH, XRP, BNB, DOT, LINK, BCH, CRO, LTC, BSV – BTC Ethereum Crypto Currency Blog

Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum.

Most retail traders find it difficult to go against the herd and buy when the market is down. They generally wait for the price to recover and for improvements in sentiment before jumping in. By doing this, retail traders typically miss the larger part of relief rallies and pocket a smaller profit.

On the other hand, professional investors capitalize on sharp corrective moves by purchasing if they believe that the fundamental long-term trajectory remains intact.

Daily cryptocurrency market performance. Source: Coin360

New research by OKEx Insights and Catallact indicates that retail traders were “shaken out” by Bitcoin’s (BTC) crash in March and they did not return to the markets quickly due to a wait and watch approach. In contrast, larger players bought during the Black Thursday crash and continued to accumulate throughout the summer.

Now that Bitcoin has risen above the $10,500 resistance, do the charts point to a resumption of the upturned or is there a possibility of a reversal at a higher level?

Let’s check the charts to find out!

BTC/USD

Although Bitcoin turned down from the overhead resistance of $10,625 on Sep. 13, the bulls did not allow the price to dip below the immediate support at $10,200 and this shows accumulation was occurring at this level.

BTC/USD daily chart. Source: TradingView

If the bulls can sustain the price above the 20-day exponential moving average ($10,728), a quick move to $11,000 is likely. This will be the first sign of strength but the bears are unlikely to give up without a fight.

Traders looking to go short will likely attempt to defend the $11,000 level aggressively and this could result in a minor pullback. If the bulls are able to hold the next move to $10,625, it will increase the possibility of a rally to $12,460.

Contrary to this assumption, if the BTC/USD pair turns down from the overhead resistance and slips back below $10,625, it will suggest selling at higher levels. Trading sentiment will sour if the bears sink the price below the $9,835 support.

Traders can keep an eye on the relative strength index as sometimes the indicator projects a breakout or breakdown. If the RSI rises above the downtrend line, it could be followed by an upside move in price.

ETH/USD

Ether (ETH) has rebounded off the lower trendline, which is a positive sign as it shows that the bulls are buying on dips to this support.

Over the weekend traders pushed the price above the 20-day EMA ($379) and now they will attempt to overcome the hurdle at the 50-day simple moving average ($387).

ETH/USD daily chart. Source: TradingView

If the bulls can sustain the price above the 50-day SMA, the possibility of a rally to the 61.8% Fibonacci retracement level of $419.473 is likely.

The ETH/USD pair could turn down from this resistance as the bears are likely to defend it aggressively. However, if the bulls successfully defend the next dip to the $366 support, it could signal an end to the correction.

This view will be invalidated if the pair again turns down from the moving averages and plummets below $350. Such a move could result in a retest of $308.392.

XRP/USD

XRP has held the $0.235688 support for the past few days, which suggests that the bulls are defending this level aggressively. They attempted to start a relief rally on Sep. 13 but the bears had other plans.

XRP/USD daily chart. Source: TradingView

However, the positive thing is that the bulls continue to buy on dips to the $0.235688 support. The bulls will make one more attempt to push the XRP/USD pair above the 20-day EMA ($0.25).

If they succeed, a move to $0.268478 is likely. The bears are likely to defend this resistance and if the pair turns down from this, a few days of range-bound action between $0.268478– $0.235688 is possible.

The next leg of the down move could start if the bears sink the pair below the $0.235688–$0.229582 support zone.

BNB/USD

Binance Coin (BNB) picked up momentum after it broke above the $25.8262–$27.1905 resistance zone on Sep. 12. The bulls are currently attempting to sustain the price above the $32 resistance.

BNB/USD daily chart. Source: TradingView

If they succeed, the BNB/USD pair is likely to move up to $34 and then challenge the all-time highs at $39.5941.

However, the sharp rally of the past few days has pushed the RSI into overbought territory and this is a signal that a minor consolidation or a pullback could occur.

The uptrend is likely to resume if the bulls do not give up much ground during the next pullback. This positive view will be invalidated if the pair turns down from the $32–$34 resistance zone and breaks below $27.1905.

DOT/USD

The bulls propelled Polkadot (DOT) above the $4.9210 resistance on Sep. 12, which is a positive sign. They will now try to drive the price above the 61.8% Fibonacci retracement level at $5.5899.

DOT/USD daily chart. Source: TradingView

If they succeed, the rally can extend to the 78.6% retracement level of $6.1493 and then to the highs at $6.8619.

However, the bears are unlikely to give up without a fight. They will try to defend the $5.5899 resistance, which could result in a minor pullback or consolidation. If the bulls do not allow the price to dip below $4.9210, it will suggest that the correction is over.

This view will be invalidated if the DOT/USD pair turns down from $5.5899 and plummets below $4.9210. Such a move could result in a fall to $4.50 and then to $4.

LINK/USD

Chainlink (LINK) is currently stuck between the trendline and the $13.28 resistance on the upside. The moving averages are on the verge of a bearish crossover and this signals that sellers may have the upper hand.

LINK/USD daily chart. Source: TradingView

However, if the LINK/USD pair rebounds off the trendline, the bulls will make one more attempt to push the price above the $13.28 resistance. If they succeed it could attract further buying and push the price to the downtrend line.

The bears are likely to defend the downtrend line aggressively but if the bulls can arrest the next decline above $13.28 the level will act as a new floor and increase the possibility of a breakout above the downtrend line.

This bullish view will be invalidated if the pair turns down from $13.28 and breaks below the trendline. In such a case, a drop to $8.908 is likely.

BCH/USD

Bitcoin Cash (BCH) continues to be range-bound between $215–$235.05. The bulls attempted to push the price above this range on Sep. 13 but failed, which shows that the bears are defending the resistance.

BCH/USD daily chart. Source: TradingView

The next trending move is likely to begin after the price escapes this range. If the bulls can propel the BCH/USD pair above $235.05 and the 20-day EMA ($242), a move to $260 is possible.

Conversely, if the price turns down and breaks below $215, a drop to $200 is likely. This is an important support to watch out for because it has not been broken since March. A break below this level could intensify selling with the next support at $140.

CRO/USD

Crypto.com Coin (CRO) has resumed its up move. The bears attempted to stall the up-move at the 50-day SMA ($0.164) on Sep.13 but the bulls did not allow the price to dip below the 20-day EMA ($0.161).

CRO/USD daily chart. Source: TradingView

Currently, the CRO/USD pair has risen above the 50-day SMA, which suggests that the bulls continue to buy at higher levels. The next target is $0.183416 and if this level is crossed, a retest of the highs at $0.191101 is likely.

This bullish view will be invalidated if the pair turns down and plummets below $0.144743. Such a move will suggest that the bulls are closing their positions at higher levels.

LTC/USD

The bulls attempted to propel Litecoin (LTC) above the $51 resistance on Sep. 12 and 13 but failed. This indicates that the bears are aggressively defending the level.

LTC/USD daily chart. Source: TradingView

However, a positive sign is that the bulls are buying on dips to the trendline support. They will once again try to clear the hurdle at $51 and the downsloping 20-day EMA ($51.9). If they succeed, a move to the 50-day SMA ($56.4) and $64 is likely.

Contrary to this assumption, if the LTC/USD pair turns down from the overhead resistance, the bears will try to sink the price below the trendline. A break below this support could result in a fall to $45.1626.

BSV/USD

Bitcoin SV (BSV) is currently attempting to rebound off the $160 support. The bulls will once again attempt to push the price above the downsloping 20-day EMA ($175).

BSV/USD daily chart. Source: TradingView

If the bulls manage to surmount $175 the price could rally to $227 but it’s expected that overhead resistance will prevent this from happening in one go.

Conversely, if the pair turns down from the 20-day EMA or the downtrend line, the bears will try to break the $160 support and hammer the price to $146.20.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC exchange.

Original Article
Author: btcethereumadmin

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NFT Platform Cargo Founder on Building on Ethereum – CoinCentral


Cargo is an all-in-one platform to create, manage, and sell digital collectibles. Because of the interoperability that Ethereum provides, users can manage all of their compatible digital collectibles on Cargo– not just the ones created on Cargo. 

Launched in July 2020, Cargo represented several years of Founder Sean Papanikolas’ research and experimentation within the Ethereum ecosystem. Sean helped pioneer scalable minting technology on the Ethereum blockchain. 

With the launch of the Cargo Marketplace shortly after, Cargo has grown to voter 265 accounts created and over 170 unique digital items added to the marketplace. So far, the highest an item sold for has been for around $1200. 

We connected with Sean to discuss his entrepreneurial journey within the cryptocurrency landscape and the future of Non-Fungible Tokens. 

Could you give us a two-minute movie trailer of your life? How did you end up involved in the NFT space?

In 2017 a friend introduced me to Ethereum and It immediately piqued my interest. I’m drawn toward new technologies, but I’ve found the best way to understand them is to build something on them. So, I decided to build a dApp. At the time, I was dating a woman who was a fan of The Bachelor, so I created a smart contract betting on who would win The Bachelor. 

Well, nobody used the contract and the relationship didn’t work out, but I saw the power of Ethereum and learned how to write smart contracts in the process.

I asked my friend if he had an idea about something else we could build on Ethereum and he came back with an idea – a marketplace of 3D models. We planned on calling it Pedddle with three d’s – you know for “3D” models. We had the Pedddle t-shirts made and we were off to the races. 

Through this, I got familiar with the ERC-721 standard and even came up with an ERC-20 token called xR coin that would be used to purchase the 3D models. By the middle of 2017, I had a working prototype where users could upload 3D models and the platform would create NFTs and you could sell them.  

Unfortunately, my partner dropped out, so I scrapped Pedddle and started working on a digital collectible iOS and Android app to bring crypto to the masses. The plan was to abstract all of the crypto stuff and users could pay with a credit card.

The app was called Dolli and it allowed users to buy and collect grungy characters – most notably of which was the infamous Pizza Rob, which was a pretty big hit that I designed. The app was completed and ready to ship, but right before the launch, the payment processor rejected supporting the Dolli app. (At the time, payment processors wouldn’t touch a crypto app with a ten-foot pole.)

I tried a couple of other payment providers but soon came to realize that I was facing a centralization of power – the exact thing bitcoin was supposed to fix. I decided to rebuild Dolli using a decentralized infrastructure. 

That was the catalyst for Cargo. I knew there had to be others like me who would benefit from a platform that allowed you to create digital collectibles, interact with and sell them within your application.

For someone looking to get involved, either as an investor or as an entrepreneur, how would you define opportunity in the cryptocurrency space?

I’m not an investor, so take this with a grain of salt, but you want to look at the technology and the team. Who’s the team building the product, what are they building, and can they pull it off? 

The same applies to launching a startup. Even if the technology may be difficult to understand, you want to look at the team. In my case, I was fortunate to have teamed up with Polyient Labs, an early-stage blockchain incubator founded by Brad Robertson. He and his team understand the crypto and blockchain space, which is why they saw Cargo’s potential.

How will NFTs change day-to-day life?

I think for many people, it’s only a matter of time until NFTs are part of their daily life.

NFTs help make sense for digital ownership. Think about all the digital things you can own – art, tickets, subscriptions, access tokens, the list goes on. 

So, it may be that everyone eventually owns a piece of digital art and has it hanging in an electronic frame on their wall, or they are buying NFT tickets that they can trade or transfer. 

Or imagine that in every video game you played you actually owned the in-game items and could take them out of the game and sell them on secondary markets, or even use them in other games. This is exactly the ecosystem that Polyient Games and I are building.  

What does Cargo accomplishing its 5-year vision look like?

Hard to tell where the space as a whole will be in five years. We are really at an inflection point now, but I imagine that we will have made great strides in usability and scalability. But no matter, Cargo intends to be the platform of choice to power any NFT project regardless of whether it is small or large. 

For now, Cargo will continue building on Ethereum, but Ethereum in its current state could look significantly different in five years. We may be building on the next iteration of Ethereum, or a layer-2 solution. No matter what we are building on, we intend to take our principles of usability and scalability with us.

Can you explain how Cargo differs from other NFT platforms?

Cargo has spearheaded and is the first platform to integrate EIP-2309 which is a standard event to track the infinite creation of NFTs. Using efficient data structures, Cargo pioneered a smart contract allowing creators of the batch-create as many collectibles as they want in one transaction. 

Because of high gas fees, this can save creators thousands (or even tens of thousands) of dollars in transaction fees when creating collectibles at scale.

We’ve also just announced Cargo Gems, which will function as a utility token and payment option on the Cargo platform, as well as a governance token for the upcoming Cargo DAO. What’s exciting is that Gems can be staked inside of any compatible NFT for token rewards.

Cargo is the only platform that allows users to deploy smart contracts which enable them to create an infinite amount of NFTs in one transaction for the same cost as creating one NFT on other platforms. ERC-2309, an open standard on Ethereum that makes this possible, was spearheaded by myself because I realized early on that to scale NFTs we’d need a way to create and transfer large amounts at one time for a price that worked. Recently OpenSea, the largest marketplace for digital goods, started supporting the standard that makes this possible. 

From a feature perspective, we are the first open platform to support 3D NFTs and we also support audio, video files in addition to image NFTs. On Cargo, you can lock digital content within your NFTs that only the token holder can unlock and that content is AES-256 encrypted. 

When I was building Cargo I never thought that it would be only an NFT marketplace and it’s not. Cargo was built to be the engine that powers other NFT projects in a way that scales and is cost-efficient. We have a robust API that allows you to use Cargo’s infrastructure directly in your platform.

From the beginning, we could collaborate with others and automatically split payments – this has been supported via our API.  We are seeing that people want this in the UI of the site, so we are working on including it in a future version of Cargo. 

This is a cool feature and opens the door for a lot of cool projects. 

For example, you could do an art series for charity and you can set it up so each of the charities will automatically receive payment when one of the pieces is sold. Or, if you’re an artist, you can collaborate with other artists, or create your own marketplace that other artists can join.

Where we learn more?

Our next big release will be Cargo Gems which brings the exciting world of Defi to the NFT space. You can find more information here.  

Readers can visit Cargo here. They can also follow Cargo on Twitter. 

This article is Originally posted on CoinCentral.com
Author: Alex Moskov