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Kevin O’Leary and Ex-Canopy CEO Bruce Linton back a Psychedelics Startup

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After weed blossomed from its shrouded past to become a heavily regulated multibillion dollar industry, Shark Tank’s Kevin O’Leary and the co-founder of the world’s largest cannabis company are betting psychedelics could be next. The duo both teamed up to back Mind Med, a startup that debuted Tuesday on Toronto’s NEO stock exchange that seeks to […]

The post Kevin O’Leary and Ex-Canopy CEO Bruce Linton back a Psychedelics Startup appeared first on The Cannabis Business Directory.

Source: https://www.thecbd.co/kevin-oleary-and-ex-canopy-ceo-bruce-linton-back-a-psychedelics-startup/?utm_source=rss&utm_medium=rss&utm_campaign=kevin-oleary-and-ex-canopy-ceo-bruce-linton-back-a-psychedelics-startup

Blockchain

Yearn.finance Price Forecast: YFI Poised For A Rally To $35,000

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  • Yearn.finance bounces off support validating a key bullish outlook.
  • The formation of double-bottom pattern prints a positive picture for gains targeting $35,000.

The decentralized finance (DeFi) darling, Yearn.finance is resuming the uptrend after falling consistently from highs around $34,000, traded on September 27. The crypto encountered high selling pressure after another bounce from support established at $20,000 On September 24. The recent retreat held the ground at $21,800, breathing life into the bullish camp.

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At the time of writing, YFI is exchanging hands at $25,500 after adding more than 7% in gains over the last 24 hours. Its immediate upside is capped by the 50 Simple Moving Average (SMA) in the 4-hour range. For the bullish outlook to hold, YFI must step above this key moving average and make a daily close. It is from here that buyers will have the opportunity to shift their focus on higher levels such as $28,000 and $30,000.

Meanwhile, the bullish action also follows the formation of another double-bottom pattern. These types of chart patterns highlight key support areas and often help investors to time reversals from an extended downtrend. They also have a clear target on the upside, for instance, $35,000 for Yearn.finance.

YFI/USD 4-hour chart

YFI/USD price chart
YFI/USD price chart by Tradingview

From another technical perspective, the Relative Strength Index (RSI) seems to be validating the bullish outlook as it scales the levels towards the midline. Continued upward action on the road to the overbought would encourage more buyers to join the market, thereby creating the volume needed for the breakout to $35,000.

Yearn.finance Intraday Levels

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Spot rate: $25,500

Percentage change: 7%

Relative change: 1740

Trend: Bullish

Volatility: Expanding

Read more: Yearn.finance Technical Analysis: YFI rebound to $25,000 remains a challenge


To get the daily price analysis, Follow us on TradingView

Author: John Isige




John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige

Source: https://coingape.com/yearn-finance-price-forecast-yfi-poised-for-a-rally-to-35000/

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Blockchain

Bitcoin Price Prediction: BTC Falters Ahead Of A Potential Breakdown To $10,000

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  • Bitcoin settles above $10,800 after bouncing off $10,600 support.
  • Bitcoin nurtures a sideways trend ahead of a breakdown that could revisit levels around $10,000.

The cryptocurrency market is indecisive and continues to trade horizontally. Bitcoin has impressively held above $10,800. However, gains towards $11,000 have been capped under $10,900.

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On the downside, the flagship cryptocurrency is protected at $10,600. In other words, BTC is lock-step trading in the range between $10,600 and $10,900. Meanwhile, the digital asset is valued at $10,805 at the time of writing. The Relative Strength Index (RSI) in the daily range is leveling at the midline, particularly emphasizing the sideways trading.

At the moment, it is not clear which direction BTC will take following the return and the end of the uncertainty. At the same time, the formation of a short term ascending wedge pattern in the same daily range highlights the possibility of a downtrend that could eventually send Bitcoin back to lows around $10,000.

BTC/USD daily chart

BTC/USD price char
BTC/USD price chart by Tradingview

Various support zones will try to absorb the selling pressure including $10,600, $10,400 and $10,200. Bitcoin could stand to gain more with the slide to $10,000, giving investors another chance to buy the dip. The volume that would be created following the deep might give the bellwether cryptocurrency a boost past $11,000.

Bitcoin IOMAP model

BTC IOMAP model
BTC IOMAP model by IntoTheBlock

Note that the bearish outlook could be invalidated altogether based on on-chain metrics released by IntoTheBlock. The IOMAP model shows that Bitcoin has a smoother ride to $11,000 as opposed to a breakdown. The most significant resistance lies in the zone between $11,450 and $11,800. Previously, nearly 980,000 addresses bought 761,000 BTC in the range. On the downside, BTC is seating on a region with immense support; from $10,500 to $10,800. Here, roughly 1.8 million addresses purchased 1.4 million BTC.

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Bitcoin Intraday Levels

Spot rate: $10,805

Relative change: 28

Percentage change: 0.3%

Trend: Sideways trading bias

Volatility: Low

Read more: Why JP Morgan Getting Fined $1bn For Market Manipulation is Good For Bitcoin


To get the daily price analysis, Follow us on TradingView

Author: John Isige




John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige

Source: https://coingape.com/bitcoin-price-prediction-btc-falters-ahead-of-a-potential-breakdown-to-10000/

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Twitter’s Jack Dorsey takes aim at Coinbase’s apolitical stance

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Twitter CEO Jack Dorsey has taken major U.S. crypto exchange Coinbase to task over its open letter to employees published on Sep 28. 

The letter, written by Coinbase CEO Brian Armstrong, explained why the firm intends to avoid political and social distractions, and instead focus on its core mission of building an open financial system for the world.

The new direction has met with strong support in some quarters and pushback from others.

In a Twitter post to his 4.7 million followers, Dorsey argues that “Bitcoin (aka crypto) is direct activism against an unverifiable and exclusionary financial system.” He goes on to add that the exchange cannot simply ignore social issues as this will leave its customers behind:

Dorsey has long taken an active involvement in the cryptocurrency space, and Twitter itself has been criticized for favoring progressive over conservative political views in its moderation process. But Dorsey’s opinion urging greater political engagement was not well received by the crypto community with the overwhelming number of replies agreeing with Armstrong’s approach.

The vice president of venture capital firm Founders Fund, Mike Solana, did not agree with Dorsey opposing “a corporate trend away from polarizing political statements and dramatic displays of culture war pageantry”. Solana contrasted this apolitical approach with Twitter’s business model and suggested Dorsey was “a man who makes hundreds of millions of dollars fueling political polarization.”

Adam Draper, the son of famed crypto investor Tim Draper, praised the Coinbase approach, comparing Armstrong to Michael Jordanfor his single-minded focus on advancing the virtual currency sector:

“This is thought leadership. We get things done when we are all focused on a unified mission. Brian is Jordan in his prime right now. If anyone is selling shares of Coinbase, I’ll buy.”

Dorsey wasn’t entirely without support however:

Coinbase has offered any employee who fundamentally disagrees with Armstrong’s position a severance package of up to six months. The email added: “it’s always sad when we see teammates go, but it can also be what is best for them and the company.”

Source: https://cointelegraph.com/news/twitter-s-jack-dorsey-takes-aim-at-coinbase-s-apolitical-stance

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