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Ethereum's popularity is undeniable, but its congested network can be frustrating for users due to slow transaction speeds and high fees. Layer-2 solutions like Blast aim to tackle this by offering faster, cheaper transactions without compromising security. Blast takes things a step further by providing native yields for both ETH and stablecoins, simplifying the staking process for users. Similar solutions like Polygon and Arbitrum also offer scalability benefits, but Blast's unique yield generation and focus on bridging real-world assets to DeFi set it apart. This creates an environment where users can earn passive income while enjoying the advantages of a faster and more affordable network. Blast's native token is set to be listing on Bitget June 26th, this could further increase its visibility and adoption within the DeFi community The competition in the layer-2 space is fierce, each platform vying to become the go-to solution for smoother DeFi experiences. What are your thoughts on Blast and its approach? Share your experiences with other layer-2 solutions and let's discuss the future of scaling Ethereum. -
By tradinglounge · Posted
Coffee Elliott Wave Analysis Function - Counter-Trend Mode - Correction Structure - Double Zigzag for blue Y Position - Wave C of (B) Direction - Wave C of (B) is still in progress Details - We recounted Coffee on all time frames. However, we expect the commodity to ascend after completing the zigzag wave (B) around the Fibonacci reversal zone of 212.9-203.9. Invalidation level is at 192.30. Coffee Elliott Wave Analysis Overview: In the long term, Coffee prices have been on a bullish run since October 2023. Despite several pullbacks, each previous top has been consistently breached. The last top was made in April 2024 at 245.5, followed by a decline to 192.3 within three weeks, extending to May 7th. Notable recoveries started from there. However, prices have yet to breach 245.5 to confirm the continuation of the bullish sequence from October 2023. Daily Chart Analysis: Since January 2023, a double zigzag structure has been unfolding. Wave W (circled) finished on April 18th at 245.5, and the corresponding wave X (circled) was completed at 192.3 on May 7th, where wave Y (circled) began. Wave (A) of Y appears to have concluded with the impulse surge to the current peak in June 2024. Prices are now correcting into wave (B). If wave (B) completes above 192.3, buyers should gain the advantage to push prices higher, especially above the 245.5 top. H4 Chart Analysis: On the H4 chart, wave (B) is subdividing into a zigzag structure, potentially completing around the 212.9-203.9 Fibonacci zone before turning upside in wave (C) above 245.5. Alternatively, prices might move sideways between the 245.5 and 192.3 extremes, suggesting a triangle structure for wave X (circled). Summary: In conclusion, Coffee prices remain bullish with potential for further gains, contingent on the completion of the current corrective wave (B). Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
I have not tried AI for analysis; it is exciting to me, but unclear. It would be interesting to see some kind of training video with an example of use.
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