Category: Cryptocurrency News

What is MongCoin? Exploring the MONG Meme Coin & If You Should Buy It

Posted on by lpwdevteam

how to buy mong coin

If you believe that MONG has the potential to become one of the leading meme coins, then now may still be a great time to get a moon bag. However, if you want to make the most of the upcoming bull run, you ought to learn how to use Moralis Money. BTCC ranks in the top 10 of CoinGecko’s derivatives exchanges year-round. The MongCoin price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. If you would like to know where to buy MongCoin at the current rate, the top cryptocurrency exchanges for trading in MongCoin stock are currently Bitget, LBank, BitMart, Gate.io, and HTX. However, like all cryptocurrencies, the above-mentioned coins are volatile, and trading involves risks.

According to the MONGS NFT collection, they base each “MONG” NFT on the mongoose, a small predatory carnivore. These animals are mainly found in Africa but also live in southern Asia and southern Europe. These small predators are known for their skillful attacks on highly venomous snakes, including king 15 ways to make money with bitcoin in 2020 cobras. MongCoin ($MONG) is on the Ethereum network (ERC-20) so it can be stored using any ETH compatible wallet. To check MongCoin’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.

$MONG = 0.00000001051 USD

$MONG is the first meme coin created by Congress and has become a way of life, a call to arms for those who dare to live on the edge. On January 10, 2024, the US Securities and Exchange Commission (SEC) finally approved the long-anticipated spot Bitcoin ETF applications. Many expect these crypto ETFs to be a game-changer for crypto.

Applying your unique combination of filters is also a very straightforward process. No matter how many metrics you decide to use, you can have a new list ready in a matter of seconds. However, as you can imagine, the preset filters are available to all Moralis Money users and, thus, do not give you the ultimate edge. With that in mind, you want to start using your unique search criteria.

About MongCoin

Therefore, before making any investments, you should do your own research (DYOR) and assess your risk appetite before proceeding. The top cryptocurrencies, based on market capitalisation or total value in circulation, include Bitcoin (BTC), Ether (ETH), Tether (USDT), USD Coin (USDC), and Ripple (XRP). On the BTCC platform, users can trade crypto with x leverage to maximise their returns. Markets other than cryptos, such as gold and stocks, are also available on the platform, and users can trade tokenized futures of these markets.

  1. The MongCoin price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
  2. Technical analysis (TA) usually doesn’t really work with meme coins.
  3. The live MongCoin price today is $1.05e-8 USD with a 24-hour trading volume of $1,938,343 USD.
  4. With that in mind, you want to start using your unique search criteria.
  5. After the token’s launch on Apr 23, 2023, on the Ethereum platform, over 18,092 wallets have acquired MONG, with a recorded total of 268,797 successful token transactions to date.

Mongs as Meme

how to buy mong coin

As such, even if you decide to get a moon bag of MONG, you shouldn’t limit yourself to a single altcoin. Moralis Money is a free tool that everyone with internet access can use. However, the free plan limits users to higher timeframes, meaning their chances of being among the first to spot opportunities are quite slim.

If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. Although many of us have noticed the LCX crypto surging nearly 400% during the end of 2023, many are unaware of what the LCX project entails. If you want to learn more about MONG, just dive into the following section. Multiple risk management strategies to safeguard users’ assets. BTCC stands the test of time and has never experienced a single security breach since 2011.

how to buy mong coin

The live MongCoin price today is $1.05e-8 USD with a 24-hour trading volume of $1,938,343 USD. The current CoinMarketCap ranking is #1170, with a live market cap of $6,108,347 USD. It has a circulating supply of 581,196,039,603,956 $MONG coins and a max. Shiba Inu and Dogecoin are the two meme coins currently sitting among the top 15 altcoins by market cap. Whether you like these coins or not, you have to agree that they’ve come a long way. As of Aug 28, MongCoin has a market capitalization of $6 Million and is ranked #5306 among all cryptocurrencies.

What is LCX Crypto? On-Chain Data & Price Prediction for the $LCX Token

MongCoin (MONG) is a cryptocurrency token built on top of Ethereum platform, launched in April 2023. The Web3 gaming narrative that emerged in 2023 had a powerful impact on the crypto markets already. However, many Web3 experts and enthusiasts believe 2024 will take many blockchain gaming projects even higher. Our multi-device support feature allows users to trade on the BTCC platform anytime, anywhere. Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. A measure of how much of a cryptocurrency was traded in the last 24 hours.

You can buy base currency Tether (USDT) on BTCC and trade a wide range of crypto futures on the platform. BTCC provides real-time market quotes and ensures the best liquidity at all times. On BTCC, you can buy USDT with a credit/debit card and pay in fiat currencies such as USD, KRW, TWD, JPY, and AUD. Our crypto conversion feature allows users to convert their USDT to other coins like BTC, ETH, XRP, ADA, and LTC. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily MongCoin price chart. To see more analysis and outlook, please check the MongCoin price prediction page.

As part of the project’s disclaimer, the official MONG token page points out that this meme coin has no intrinsic value or expectation of financial return. The website also notes that there is no formal team or roadmap and that the coin is completely useless and for entertainment purposes only. You can store coins on exchanges after purchase but we recommend using a dedicated wallet for security and long term storage. They are the best choice for those storing a lot of value or planning to hold long term.

After the token’s launch on Apr 23, 2023, on the Ethereum platform, over 18,092 wallets have acquired MONG, with a recorded total of 268,797 successful token transactions to date. Wealth distribution is an important factor to consider when researching a cryptocurrency. It refers to the percentage of the total supply of the cryptocurrency held by the top wallet addresses. Since then, the POWR token from Powerledger has had many ups and downs. However, its recent price history has left many traders wondering what’s going on with… You can start for free; however, if you are serious about your altcoin investing/trading, you should lock in the Pro plan before the next price increase.

User-friendly interfaces on both mobile app and web platforms for instant, secure transactions. The lowest price for one MONG coin is $5.16E-9, recorded in October 2023, approximately 10 months ago. The Cartesi token has been around since 2020 and has performed extremely well in the previous cycle. But the 2022 bear season hit CTSI hard, causing it to pull back roughly 94% from its all-time… On the other hand, the word “mong” also has other less flattering or even offensive meanings.

It points out that “Mongs” (referring to NFTs from the MONGS NFT collection) survived a bear market, and they value friendship, degenerate meme culture, and good vibes. On that note, the team behind this new meme coin invites folks that align with these values to grab some MONG tokens. BTCC is constantly reviewing and adding cryptocurrencies that can be used on the platform. If you would like to buy MongCoin $MONG, which is currently not listed on BTCC, you can visit other exchanges that support the purchase of MongCoin $MONG.

How to Find Support and Resistance Levels in Stocks

Posted on by lpwdevteam

how to find support and resistance levels

Breakouts and breakdowns can be traded when a stock rises through a resistance level or under a support level. A breakout can also be played after a stock bottoms out at a support level and then triggers a price action pattern like a market structure low (MSL), which is comprised of a low, lowest low and higher low. Horizontal and diagonal trendlines are static since they don’t change values like a moving average. These trendlines are created by connecting the highs and lows of a stock with a single trendline per level.

Support represents a low level a stock price reaches over time, while resistance represents a high level a stock price reaches over time. Support materializes when a stock price drops to a level that prompts traders to buy. This reactionary buying causes a stock price to stop dropping and start rising. Conversely, resistance materializes what is an ico registration and what is a data protection fee when a stock price rises to a level that prompts traders to sell.

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As you can see, the EMA 13 provided short-term resistance during a sustained downtrend. However, even though the EMA 50 and 100 were trailing the price way above the downtrend, once the price retraced up, the EMA 100 acted as a resistance. Soon, the downturn found support near the EMA 50, creating a momentary price channel. Support and resistance lines can help traders make more informed decisions, but they come with risks similar to any technical or fundamental indicator. Support and resistance lines rely on past price movements and historical trends to speculate on the future price movements.

Understanding technical analysis support and resistance

Only cover price points that are in a line – this zone is your support and resistance. What is more, you always need two or more swings in one zone for the zone to be valid. In the chart above, we can see that the market is continuously supported by the 50-period EMA, which acts as the support level. This guide will explain what support and resistance levels are, how to accurately identify them, bring some examples, and list special considerations when using support and resistance.

Make Smarter Trades with MarketBeat

IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. Don’t forget that technical analysis is not an exact science and it is subject to interpretation. If you continue your study of technical analysis, you’ll likely hear someone say it is more of an art than a science. As with any discipline, it takes work and dedication to become adept at it.

This price level is a resistance because the price resists the attempt to move higher. To draw your lines using peaks and troughs, select your timeframe, then identify the highest peak on the chart and do the same with the lowest point. If there is a downtrend, the support level will be the lower-low peak and the resistance level will be the lower-high peak. Conversely, if there is an upward trend the support level will be the higher-low peak and the resistance level will be the higher-high peak.

how to find support and resistance levels

Diagonal resistance is formed by connecting sequentially lower highs. You can see an example of diagonal resistance in Figure 4 within the context of a downtrend. Notice how the stock stopped going up, and resumed the overall downward trend, on several occasions near the diagonal resistance line. A trader observing this resistance might avoid the stock or even sell.

Preceding Price Move

Playing reversals at the support and resistance levels is an example of using trading ranges. 9 quick ways to improve page loading speed Moving averages are dynamic support and resistance levels because they get recalculated on every candle close or start of a new candle for the period. The moving average is formed mathematically by averaging the close prices for each period. If trades are closed at higher prices, the moving average rises, and the moving average support rises. On the other hand, when the market is trending to the downside, traders will watch for a series of declining peaks and will attempt to connect these peaks together with a trendline. To be a valid trendline, the price needs to touch the trendlines at least three times.

  1. But the longer the time period, the more significant the support or resistance.
  2. Support materializes when a stock price drops to a level that prompts traders to buy.
  3. Anchoring, for instance, is when people assign meaning or significance to otherwise arbitrary numbers.
  4. Similarly to identifying the “trading zones” between two support and two resistance levels, traders can identify zones between two moving averages.

Dynamic indicators like moving averages enable more relevant stop-loss and profit-stop price levels, especially when combined with market structure signals. The daily candlestick chart on DraftKings  has a 20-period exponential moving average line. Observe how the price bounces off the 20-period exponential moving average, making higher lows on pullbacks. As DKNG makes higher highs on the bounces and higher lows on the pullbacks, it illustrates the uptrend driven by buying demand as buyers step in front of each other, bidding higher for shares. DKNG bounced five consecutive times as the 20-period exponential moving average rose from $22.65 on its first bounce to $30.05 on the final bounce. The 20-period exponential moving average could be traded as an entry-level to buy long into an uptrend and a trailing stop-loss if you are already long DKNG.

Also, the whole point of using support and resistance levels is to improve your money management by efficiently entering and exiting the market more effectively. Support and resistance levels should be taken into consideration in a way that helps you identify trades that require small stop loss and large profit targets. So, if you want to enter a long trade, make sure the entry has a short distance from a support level.

For example, the Fibonacci retracement is a favorite tool among many short-term traders because it clearly identifies levels of potential support/resistance. Let’s imagine that Jim notices that the price fails to get above $39 several times over several months, even though it has gotten very close to moving above that level. In this case, traders would call the price level near $39 a level of resistance. As you can see from the chart below, resistance levels are also regarded as a ceiling because these price levels represent areas where a rally runs out of gas. Using Fibonacci retracement levels is one of the best ways to spot potential resistance and support levels and conduct a precise technical analysis to know the best entry, exit, and target prices.

Among all the aspects of technical analysis, perhaps the most important and actionable concepts are support and resistance. Many other aspects of technical analysis, such as price patterns, are based on the key concepts of support and resistance. The effect of a support level usually comes in the form of a reversal bounce higher as selling pressure dissipates. For example, if XYZ falls two points to $53 and bounces back to $54, then $53 is a confirmed support level. Technical analysis is one approach of attempting to determine the future price 10 best forex com alternatives of 2021 of a security or market.