Ethereum Price Technical Analysis – ETH/USD is Still Bearish? 166

Key Highlights

  • ETH price recovered a few points, but it faced strong sell offers near $985 against the US Dollar.
  • Yesterday’s highlighted key bearish trend line with current resistance at $980 is still active on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair is struggling to move above the trend line resistance at $980 and is currently moving lower.

Ethereum price faced a lot of sellers recently against the US Dollar and Bitcoin. ETH/USD needs to break the $980 and $985 resistance levels to gain upside momentum.

Ethereum Price Resistance

There was a short-term recovery initiated in ETH price from the $904 swing low against the US Dollar. The price traded above the $950 and $960 resistance levels, but it failed to retain the bullish momentum. There was a break above the 50% Fib retracement level of the last drop from the $1071 high to $896 low. However, the upside move faced a strong resistance at $1000-1005.

A fresh downside wave was initiated from the $1009 high. ETH failed to move above the 61.8% Fib retracement level of the last drop from the $1071 high to $896 low, which is a negative sign. More importantly, yesterday’s highlighted key bearish trend line with current resistance at $980 is still active on the hourly chart of ETH/USD. The pair is currently moving lower and is trading below the $975 level. It seems like the trend line resistance at $980 may continue to act as a major hurdle for buyers.

If buyers succeed in pushing the price above $980, there is a chance of further gains above $1005 in the near term. On the downsides, the $910 level is an initial support followed by the last low of $896.

Hourly MACD – The MACD is slowly gaining pace in the bearish zone.

Hourly RSI – The RSI is currently struggling to move above the 50 level.

Major Support Level – $910

Major Resistance Level – $980

 

Charts courtesy – SimpleFX

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ARNO Token is a Real Nano Technology Project for Investment is a Real Nano Technology Project for Investment 7789

ARNO Token

Today, it is vital for businesses to cut and stabilize costs as much as possible. For industrial systems and processes, energy conservation is becoming a top priority. Art Nano (ARNO) is focused on integrating the use of carbon nanotechnology for energy storage and battery improvement technologies at a time when natural and non-renewable resources are rapidly depleting. Aside from depleting resources, energy storage is a significant concern, as the majority of losses occur during storage and transformation. ARNO has created carbon-based products that, when combined with current battery technology, can provide significant energy savings. The business has prioritized expansion and the creation of a decentralized and efficient distribution system that includes defi integration.

ARNO token project is quickly gaining traction as a promising investment opportunity. This initiative is a focused endeavour to finance the implementation of a scientifically sound, cutting-edge technology into long-standing supply chains in order to update existing and outdated systems that haven’t yet lost their utility. The ARNO token is heavily used in the project’s economic framework, and it serves as the centre of gravity for the entire ecosystem. Also, the most widely used cryptocurrencies, such as Bitcoin and Ethereum, would be excluded. In the project and all of its elements, only ARNO will be used. It’s a high-liquidity project that takes place in the real world.

ARNO token has done its utmost to ensure that the actual state of affairs in the project corresponds to the roadmap and preparation that was done at the outset in order to fulfil the obligations to all the partners. The project is on route to meet its deadline and is on track to achieve its target. The truth is becoming more apparent every day as a result of recent events.

ARNO Joins Forces With The German Patent Office

ARNO has signed a memorandum of understanding with the German Agency for the Protection of Rights and Intellectual Property. It is this entity that will represent the entire project’s interests in matters such as patent filings, trademark registrations, and so on. This is a watershed moment for ARNO, the up-and-coming secondary power solution provider using Defi and Nanotechnology.

The incorporation of a German trademark would include much-needed intellectual property registration, enabling them to move forward with the mass production of their carbon nanotubes, which could be combined with existing battery technology. Furthermore, in the future, they will be responsible for filing patent applications, as well as their registration and receipt, trademarks, and intellectual property in general.

Integrated PayPal Payment Option

In the field of partner fees, there have been several improvements. The PayPal-based payment acceptance system is fully operational after almost three weeks of adjustment and clarification of the complexities, which we consider to be a significant accomplishment. This platform now has the PayPal payment option, allowing customers to buy and sell the native token, ARNO token, with ease. Provided that it would work with defi, this would also help them simplify the payment process.

Successful negotiations with Monbat Groups

ARNO is also looking for potential future partners, such as lead-acid battery suppliers, as well as partnering with the Bulgarian government to secure space for the project’s laboratory and production base. In Bulgaria, a management company has already been established to oversee the project’s implementation throughout the European Union’s territory.

Furthermore, in Bulgaria, talks with the Monbat group of companies, one of the largest European manufacturers and distributors of lead-acid batteries, have been fruitful over the last two weeks. An agreement was reached on our project, receiving a portion of the shares in a joint venture for the development of carbon nanomaterials produced by our company at specially designated sites in Bulgaria and the incorporation of technologies developed by us into the final product’s production process.

Samples of the carbon nanomaterials have already been sent for testing, and models of batteries will be manufactured specifically for this project in the near future, with testing of working samples beginning at the factory according to agreed international standards. In addition, the produced samples will be sent to our laboratory for a thorough examination. Furthermore, talks with the Advanced Research and Technologies company are underway to begin designing installations – reactors for the serial processing of carbon nanomaterials that will be used – as well as developing design estimates. This contract is expected to close soon as well.

Conclusion

ARNO is, without a doubt, the future of authentic nanotechnology projects that are ideal for investment. It’s a project with a lot of liquidity that occurs in the real world. The project has already gained traction, and deals are being closed on a regular basis. ARNO Token investments are investments in the high-tech manufacturing of truly essential goods. The project’s benefit is ensured by access to the accumulated funds and the physical development of the project’s capitalization value. ARNO’s promises are becoming a reality with each passing day.

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PARSIQ Now Integrated Into Polkadot For Smart Triggers Across The Polkadot Relay Chain 7187

PARSIQ, a platform that monitors data and automation across blockchains, bridging both on and off-chain apps and sending out user alerts once transactions are executed, now offers compatibility for smart triggers with the Polkadot Relay Chain. A smart trigger is effectively a smart contract that is deployed into the PARSIQ ecosystem. It allows triggers from external chains to be passed to off-chain systems. It collects data across a variety of chains in real time and then constructs an indexed composition of actions in any one chain, in a process of reverse-engineering. It can validate and process a huge amount of real-time data simultaneously via its distributed data management layer, by utilizing chain specific feature extraction.

Building a Bridge

PARSIQ shares the same ideology as Polkadot, which is to bridge data across a huge network of chains, leaving all chains completely equal to one another, where each chain has its own personal real world uses and strengths. This is a model which builds strength from numbers, and enhances usability by combining the entire group of chains into one strong network.

PARSIQ, is the bridge between the chains and between off-chain applications too. Developers can build their own smart triggers using PARSIQ. These smart triggers react to events, plus they are able to store and alter data and also to learn from the data as they grow.

PARSIQ is now integrated across all of the major blockchains including Bitcoin, Ethereum, Binance Smart Chain, Solana, Celo, Dash and Algorand to give users a way to simplify the automation of their processes and applications off-chain.

NetObjex Partners with Zortag for Anti-Counterfeiting and Tracking of Assets for the Digital Economy 7631

NetObjex, a SaaS Platform for the Digital Economy, today announced a partnership with Long Island, NY based Zortag, a maker of security and authentication technologies. NetObjex, a leading player in the Digital Asset space, has developed NFTs (Non-Fungible Tokens) for digital, physical and dynamic assets for last 4 years, announced new last-mile security measures. “NFTs are a great way to tokenize unique assets. These assets can be a) digital e.g. music, movies; b) physical e.g. paintings, sculpture; or c) dynamic e.g. energy, water, carbon emissions. We have a comprehensive platform for handling all these cases using our unique combination of IoT-AI-Blockchain system”, stated Raghu Bala, CEO of NetObjex.

“We have a patented technology at Zortag that is a powerful anti-counterfeiting solution, and when integrated with NetObjex provides customers with the peace of mind that the physical asset backing the NFT is infact authentic”, states Dr. Satya Sharma, President & CEO of Zortag.

The NetObjex platform provides capabilities for

  • creation digital twins of physical assets
  • associating that twin with an NFT on a blockchain
  • the creation of storefronts for the sale of NFTs
  • secure vaults for those wanting to warehouse their valuables
  • wallets with unique Zortag scanning capabilities for consumers to verify physical goods and track their NFT tokens

“We have built an end-to-end platform for all participants in the NFT ecosystem, which sets us apart from the rest of the pack”, added Bala.

About NetObjex
NetObjex provides enterprise software and business solutions for real-time tracking, tracing and monitoring of digital assets. The industrial grade NetObjex Matrix digital twin asset management platform unifies IoT, AI and blockchain technologies as a continuum for intelligent automation and data marketplaces. NetObjex clients and partners benefit from global coverage across key verticals like energy, manufacturing, transport, healthcare, communications, retail & government.

About Zortag
Zortag provides a unique identity to any physical item which is almost impossible to be duplicated, even by Zortag itself. Such an item may be an article of commerce, an entity, or an individual. Uniquely identifying an item, authenticating the genuineness of that item, and authorizing who has access to information about that item is a major organizational challenge in today’s digital economy. Furthermore, assuring the authenticity and integrity of goods, people, and information is critical in all business and personal transactions. Our technology has wide applications to this end, including protecting brands from counterfeit products, providing secure access to digital assets, making information available to different constituents at varying levels including law enforcement, authenticating products for sale on online shopping sites, and securing supply blockchains and the storage of cryptocurrencies.

Original Basquiat Headlines NFT Auction 6802

With bids starting at a single Ethereum, the first Non-Fungible Token (“NFT”) featuring original work of world-renown artist Jean-Michel Basquiat (American,1960-1988) will go to auction beginning APRIL 26, 2021 thru APRIL 30, 2021 at https://opensea.io/accounts/DaystromNFT. The online auction is sponsored by DAYstrom, the Emmy-winning, multi-segment mindshare behind the iconic BowieBank who anonymously said; “Markets no longer trade upon consensus alone, it’s anonymity, exclusivity, authenticity and individuality that determine value on the Blockchain today; NFT’s are an asset whose time has come.”

The highest bidder will receive an encrypted digitized token of Basquiat’s original work captioned “Free Comb with Pagoda” (mixed media – 1986) conveyed on the Etherium blockchain, along with all related IP and copyright in perpetuity. The artist’s work and signature have been certified by the Authentication Committee of the Estate of Jean-Michel Basquiat, with provenance including Michael Petronko Gallery in New York, private collection in Nevada, Heritage auction as lot #64054 in 2012 and finally sale to private collector in 2015 where it remains. At the winner’s discretion, the original artwork will be deconstructed, leaving the NFT as the only remaining form of Basquait’s work to exist.

Basquiat is widely considered among the most highly valued modern artists in the world and appears in permanent collections at LACMA, MoMA, Metropolitan Museum of Art and the Whitney Museum of American Art. His work has shattered public sales records across the globe and periodically appears at Christie’s, Bonham’s & Sotheby’s where his work brought $110 million at auction in 1997. Although the 27-year-old “Radiant Child” died in 1988 after only a decade as a professional artist, his impact remains eternal.

SOS Enters into a Purchase Agreement for 575 Cryptocurrency Mining Rigs 6698

SOS Limited (NYSE: SOS) (the “Company” or “SOS”) announced today that the company has entered into an agreement to purchase 575 cryptocurrency ETH mining rigs. Under the terms of the agreement, the Company is expected to obtain approximately 400 GH of ETH hash rate. The mining rigs are expected to be delivered on or about April 30, 2021.

This purchase is another step in implementing SOS’ cryptocurrency mining strategy. The Company is pleased it has been able to secure mining capacity during this global mining equipment shortage.

Mr. Yandai Wang, CEO of SOS, commented, “we are optimistic about the future of cryptocurrencies and Ethereum in particular. This is part of our overall strategy to develop blockchain-based environments and services and which will be a core part of our growth in 2021 and beyond”.

About SOS Limited

SOS is an emerging blockchain-based and big data-driven marketing and solution provider as well as cryptocurrency mining operator. The core infrastructure of SOS’ marketing data, technology and solutions to insurance and emergency rescue services is built on big data, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. SOS has created a cloud “software as a service (SaaS)” platform for emergency rescue services, with three major product categories: basic cloud, cooperative cloud, and information cloud. This system provides innovative marketing solutions to clients such as insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry.

SOS has obtained a national high-tech enterprise certification and the title of “Big Data Star Enterprise,” awarded by Gui’an New District Government. Staying on the forefront of digital technology innovation, the Company has registered 99 software copyrights and 2 patents. For more information, please visit: http://www.sosyun.com/ .

Big Plays in the Online Gambling Space 6492

Before COVID-19 transformed the world, many sectors were already moving toward digital adoption and adaption; the global pandemic has hastened that transition in many ways. The world revolves around smartphones, laptops, computer and digital devices as almost anything can be done online—from seeing a doctor to attending school. Even as hope for the pandemic ending surges, the trend to live life online is likely here to stay. The founders of Lottery.com (Profile), which recently entered a definitive merger agreement with Trident Acquisitions Corp. (NASDAQ: TDAC) to become a publicly listed company, recognized the shifting trend years ago and were pioneers in addressing the untapped online global lottery market. The company has found a way to combine blockchain with other cutting-edge technology to provide at-home lottery participation, with the end goal of being a leader in the huge lottery and sports betting markets. Now the company is timing its entrance into another hot public market: investor appetite for special purpose acquisition companies, or SPACs. The gambling space could see unprecedented growth as the pandemic eases and the economy recovers. Some of the big players in the space have online options and are looking to benefit from all things digital. Boyd Gaming Corporation (NYSE: BYD) offers B Connected Online, a robust, attractive online player community. Caesars Entertainment Inc. (NASDAQ: CZR) has Caesars Casino & Sportsbook where users can participate in world-class casino games and wager on sports. Wynn Resorts Limited’s (NASDAQ: WYNN) WynnBET is a premier casino and sports betting app that was just awarded an online sports betting permit in Virginia, and Las Vegas Sands Corp. (NASDAQ: LVS) is reportedly eyeing online betting opportunities.

  • Valued at $398 billion, the global lottery market tops out at more than the SaaS, video games and film industries combined.
  • Lottery.com has announced a definitive agreement to become a public company through a business combination with Special Purpose Acquisition Corporation (SPAC) Trident Acquisitions Corp.
  • The company has created a suite of high-margin lottery products, with operations in 12 U.S. states and plans for expansion.  
  • Future gross revenue forecasts estimate $71 million in 2021, $279 million in 2022 and $571 million in 2023.

Mind-Boggling Numbers

Multibillion-dollar markets are compelling opportunities, and that is certainly true of the $138 billion global video games or $158 billion Software-as-a-Service (SaaS) sectors. However, even more attractive is the $398 billion global lottery market — larger than the global video games and SaaS markets combined. Even more mind boggling are the projections that the global lottery market will reach $625 billion by 2025.

Despite the numbers, the opportunity is often unrecognized as long-held patterns of buying lottery tickets at a retail point of sale may seem hard to change. With less than 3% of global lottery sales made online, the challenge is evident, but the potential is vast: that’s only an estimated $12 billion market penetration into a nearly $400 billion industry. With an increase in online activity seemingly inevitable, the possibilities of growth and return seem appear significant.