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Cannabinoid Science 101: What Is Cannabidiol (CBD)?

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CBD is a non-psychoactive component of cannabis. CBD gained popularity much later than psychoactive THC, but was isolated more than 20 years earlier. Currently CBD is being thoroughly studied and investigated for its medicinal applications in treating numerous ailments. As it stands CBD now tops THC as the most well-understood cannabinoid in cannabis plants.

The post Cannabinoid Science 101: What Is Cannabidiol (CBD)? appeared first on Sensi Seeds Blog.

Source: https://sensiseeds.com/en/blog/cannabinoid-science-101-what-is-cannabidiol-cbd/

Blockchain

Ethereum Price Analysis: Will ETH Surpass 2019 Highs Towards $400?

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ETH/USD – Bulls Struggling To Pass 2019 Highs

Key Support Levels: $350, $336, $325.
Key Resistance Levels: $364, $378, $390.

Ethereum pushed higher last week to reach the 2019 highs at around $364 over the weekend. Unfortunately, it has not been able to overcome this resistance in the past four days of trading as bearish divergence popped up on the short term charts – highlighted in our last analysis.

For now, Ethereum is finding strong support between $350 and $355; however, it is looking increasingly likely to break this support soon as the short-term bearish divergence continues to play out.

ethusd-sep30
ETH/USD Daily Chart. Source: TradingView

ETH-USD Short Term Price Prediction

If ETH does penetrate back beneath $350, the first level of strong support lies at $336 (100-days EMA). Beneath this, additional support lies at $324 (.618 Fib), $320, $310, and $300.

On the other side, the first level of resistance lies at $364 (2019 highs). Above this, resistance is expected at $378 (bearish .382 Fib), $390, and $400.

The Daily RSI did dip beneath the mid-line to suggest that the sellers are battling to gain control of the market momentum.

ETH/BTC – Bears Continue To Face Resistance at Falling Trend Line

Key Support Levels: 0.033BTC, 0.032 BTC, 0.0315 BTC.
Key Resistance Levels: 0.0337 BTC, 0.0347 BTC, 0.0352 BTC.

Against Bitcoin, Ethereum continues to face the resistance at a falling trend line that has dictated price action during September. Each time ETH attempted to break above this falling trend line, the coin was rejected and headed lower.

On Monday, ETH attempted to push beyond the March 2019 support at 0.0337 BTC but could not pass it. As a result, ETH moved sideways this week and has returned to the falling trend line. Here, it can be expected that ETH should be heading lower – especially with the daily RSI flattening out in the bearish territory.

Ethbtc-sep30
ETH/BTC Daily Chart. Source: TradingView

ETH-BTC Short Term Price Prediction

Looking ahead, if the trend line rejects the sellers, the first two levels of support lie at 0.033 BTC and 0.032 BTC. Beneath this, support lies at 0.0315 BTC (100-days EMA & downside 1.414 Fib Extension), 0.0311 BTC (.618 Fib Retracement), and 0.0305 BTC.

On the other side, if the bulls can penetrate the falling trend line, the first level of resistance lies at 0.0337 BTC (March 2019 Support). Above this, resistance lies at 0.0347 BTC, 0.0352 BTC, and 0.0361 BTC (March 2019 High).

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/ethereum-price-analysis-will-eth-surpass-2019-highs-towards-400/

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Blockchain

Hodlnaut Awarded $6,000 in Costs As Court Rejects Craig Wright’s Appeal

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Craig Wright, the self-proclaimed Satoshi Nakamoto, has seen another failure in his ongoing legal battle against the popular cryptocurrency proponent going by the Twitter handle Hodlonaut. The Supreme Court in Norway rejected Wright’s jurisdiction appeal.

CSW Vs. Hodlonaut: The Backstory

Craig Wright has attracted lots of attention to himself, especially after claiming on numerous occasions that he’s the person behind the anonymous pseudonym, Satoshi Nakamoto. However, as he had failed to provide conclusive evidence that he is indeed Bitcoin’s creator, lots of community members have openly refuted his claims.

One of the most vocals doubters from the start has been the Twitter user Hodlonaut. As a result, Wright sued him last year but without much success so far. As CryptoPotato reported in January 2020, the United Kingdom High Court dismissed his defamation case because it didn’t have jurisdiction.

Nevertheless, the case continued in another European country – Norway. Several months later, the Norwegian Court of Appeals denied Wright’s appeal, and he had to pay all costs associated with the legal case.

Hodlonaut later shared an update asserting that two months after the Court’s ruling, Wright hadn’t “paid a cent.” However, Wright had no intention to seize his case.

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Craig wright
Craig Wright. Source: Medium

Another Rejection For CSW

Earlier today, Hodlonaut provided another update on the ongoing case, which again wasn’t in Wright’s favor. Per the tweet, the Supreme Court in Norway rejected Wright’s jurisdiction appeal and awarded Hodlonaut another $6,000 on top of the $60,000 that he is owned from the previous rejection.

Despite the positive news for Hodlonaut, the “real” case will continue in Norway until a final verdict. However, he seemed rather optimistic about his chances and said that “another loss surely awaits him [Wright].”

Another one of Wright’s legal battles also received an adverse outcome for the self-proclaimed BTC creator. A US District Court recently denied “on all grounds” his motion to dismiss the Kleiman vs. Wright lawsuit, where he fights the estate of his deceased former partner over 1.1 million bitcoins.

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Source: https://cryptopotato.com/hodlnaut-awarded-6000-in-costs-as-court-rejects-craig-wrights-appeal/

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Blockchain

BTC Price Analysis: September Monthly Candle Likely Close In Red, How Bad Is It For Bitcoin?

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September has never been a particularly great month for Bitcoin’s price historically, and this year has cemented that fact.

Assuming prices will remain where they are at the close, Bitcoin prices will be down 7.5% from the monthly open. Last year during September, the asset fell 13.5% and the year before that it was down 5.96%.

In spite of this, however, the leading crypto could possibly end the quarter with the second-highest close ever if it can stay above $10,590 – according to data from Skew.

While it’s highly unlikely we’ll see it break the current all-time high from Q4 of 2017 at $13,660 this time around, we are about to enter into one of Bitcoin’s better-performing months which might just give us that new yearly high we’ve all been hoping for.

Bitstamp BTC/USD 4-Hour Chart

bitcoin price
BTC/USD chart via Tradingview

BTC Price Levels to Watch in the Short-term

On the 4-hour BTC/USD chart, we can see that Bitcoin’s price still remains inside the rising channel (orange) and has recently returned to the lower channel support at $10,680 following a sharp rejection at the weekly open resistance ($10,780).

This particular price point is also being reinforced by the 200-EMA, which will make this level even more difficult to break in the short-term.

The median line of the channel (dashed white line) will now likely act as a temporary resistance as bullish traders attempt to recover from the dip.

Looking further down, if selling momentum continues to rise over the next few candles we could see BTC get kicked out of the channel. In that event, the $10,570 level may create a reaction as it has acted as both a support and resistance in the last 9 days. Right under that, we also have the much-larger channel support (yellow) which should halt any further decline (for now).

Over the short-term, we should wait until BTC prints a new higher high above $10,780 and the daily open at $10,839 before assuming the intra-week trend has turned bullish.

Total market capital: $348 billion

Bitcoin market capital: $198 billion

Bitcoin dominance: 57.0%

*Data by Coingecko.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/btc-price-analysis-september-monthly-candle-likely-close-in-red-how-bad-is-it-for-bitcoin/

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