Let’s Look At Worldcoin, Dogecoin, Bitcoin, And Ethereum’s Charts

Imagine you walk into a room, and there’s a gymnastic floor routine going on. The gymnast is twirling that ribbon in circles and throwing it in the air – just a wonderful display. 🎗️

Except it’s not a gymnast, and the room isn’t a gymnasium. It’s your toddler’s bedroom, and that’s not a ribbon in his hands; it’s a diaper. And it needed to be changed before he turned his walls and crib into 360 degrees of brown paint splatter art hell. 

That’s what BTC’s weekly chart looks like. 

Twenty weeks. 20 God-damned weeks of sitting inside this stinking Cloud. That’s a record by the way. People have written about this being the longest and most painful bear market in crypto history.

And Bitcoin’s weekly Ichimoku chart is a perfect reason some people believe it’s been so bad. 

Worldcoin

The newest evil big-name crypto, the anti-Christ’s Worldcoin is also the creepiest because you have to sell your soul scan your eyeball. It’s been ‘out’ for barely two days, and on the hourly chart, it’s showing some bullish conditions. 🌏

A bull flag currently exists on $WLD‘s hourly chart – but let’s not get crazy. It’s OpenAI and ChatGPT founder Sam Altman’s crypto baby, so some wild swings should be expected. 

Dogecoin 

From an Ichimoku perspective, $DOGE exhibited some interesting behavior yesterday. 😯

The most potent support/resistance level in the Ichimoku system Senkou Span B. This is precisely where the Chikou Span halted yesterday.

Currently, there’s a noticeable gap between the body of the daily candlestick and the Tenkan-Sen ($0.075). This gap suggests an increased likelihood of the price moving back into equilibrium to that support level.

Looking ahead, another crucial piece of Ichimoku data to observe is the Kumo Twist, which will occur on August 1. The theory proposes that if there’s selling pressure on Dogecoin leading up to the Kumo Twist, a brief low could occur.

Conversely, a strong and sustained upward movement leading into the Kumo Twist could indicate a short-term swing high.

Analysts are also keeping a close eye on the daily Relative Strength Index (RSI) for Dogecoin. For the first time since April 3, 2023, Dogecoin’s daily RSI has broken out above the final overbought level in a bear market, which is 65. If the RSI finds support and/or bounces, it could be an early warning sign that a broader turnaround may be on the horizon. 🌆

Ethereum

It’s. Still. There. Inside. That. God. Awful. Cloud. 😢

And that’s pretty much all the analysis needed on this POS of an Ichimoku chart. 

Seventeen weeks of Ethereum sitting inside the Ichimoku Cloud has made $ETH bulls and bears more pissed off than a squirrel that can’t remember where it stashed its nuts. ☁️

The Federal Reserve has once again made a move, hiking its benchmark interest rate by a quarter of a percentage point. This decision, based on a unanimous vote, brings interest rates to their highest levels in decades, a move aimed at taming inflation. 📈

The new target range for the fed-funds rate now stands at 5.25% to 5.5%, a level not seen since the early 2000s. 

The decision comes as the Fed sees the U.S. economy growing at a “moderate” pace, a slight uptick from the “modest” growth observed in June. Despite the progress made in fighting inflation, the central bank believes more work is needed to achieve a sustained moderation in price growth. 🔮

Craig Wright, the man who boldly claims to be the elusive Satoshi Nakamoto, has been making waves in the crypto ocean for years. But the tide seems to be turning against him. Wright’s latest legal battle ended in a loss, with the UK Court of Appeal showing him the door. 🚪

Back in 2019, Wright pointed the legal gun at Peter McCormack, a crypto bigwig, accusing him of defamation. McCormack had called Wright a fraud on Twitter, a claim that didn’t sit well with the self-proclaimed Bitcoin creator. The court, however, wasn’t buying what Wright was selling.

They agreed McCormack’s tweets were defamatory but got slapped with a measly £1 in damages. Wright appealed, but he lost.

The ruling could spell trouble for his other legal battles. Just recently, a UK judge ordered Wright to cough up $516,000 as security for legal costs in his case against crypto exchanges Coinbase and Kraken. The judge wasn’t convinced Wright could foot the bill, warning that the case could be dismissed if the cash wasn’t provided.🎭

In a bold move, Yearn Finance ($YFI) has thrown down the gauntlet to hackers. “We want you to hack us,” they’ve declared, opening up almost all permissioned functions on their vault. 🎯

🚨We want you to hack us.🚨

Yep, really…

Yearn v3 has gone through multiple audits and internal reviews, but it's time for the real battle test – Crypto Twitter.

If you can take the funds from the v3 Vault and strategy below, they're yours.

[See next tweet for contracts] pic.twitter.com/kqb5tXiXub

— yearn (@yearnfi) July 25, 2023

The invitation is bold because the DeFi protocol lost $11 million in April because of a misconfigured stablecoin called yUSDT. 

Yearn Finance isn’t just sitting back and licking its wounds, though. They used this setback as an opportunity to strengthen their security through audits and internal reviews. Now, they’re ready for the ultimate test, inviting anyone who can take from their vault to keep it as a reward.

It’s a daring move but one that could pay off in the long run. Meanwhile, Yearn’s Total Value Locked (TVL) stands at a modest $431 million, a far cry from its peak value of nearly $7 billion in late 2021. But with this new strategy, Yearn Finance is clearly ready to fight its way back to the top. 🥊

Here is some of what’s inside today’s curated NFT news collection:

Sotheby’s NFTs, Solert Games, Reddit’s 4th generation NFT avatars, new gaming startup Ultra, Worldcoin bomb, and Generative art on Ethereum.

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