Get started

VITEUSDT

VITE/BTC VITE/BTC like this setup. VITE been in range/accumulation mode for almost 700days + with fake breakout and fake break down. Looking at OBV we have very clear divergence ( On-Balance Volume ) somebody is accumulating while the weak ones are exiting Invalidation point 0.00000139 SAT. On Balance Volume (OBV)= On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator that adds volume on up days and subtracts volume on down days. How this indicator works The actual value of the OBV is unimportant; concentrate on its direction. • When both price and OBV are making higher peaks and higher troughs, the upward trend is likely to continue. • When both price and OBV are making lower peaks and lower troughs, the downward trend is likely to continue. • During a trading range, if the OBV is rising, accumulation may be taking place—a warning of an upward breakout. • During a trading range, if the OBV is falling, distribution may be taking place—a warning of a downward breakout. • When price continues to make higher peaks and OBV fails to make higher peaks, the upward trend is likely to stall or fail. This is called a negative divergence. • When price continues to make lower troughs and OBV fails to make lower troughs, the downward trend is likely to stall or fail. This is called a positive divergence. Calculation On Balance Volume is calculated by adding the day's volume to a cumulative total when the security's price closes up, and subtracting the day's volume when the security's price closes down. If today's close is greater than yesterday's close then: OBV = Yesterday’s OBV + Today’s Volume If today’s close is less than yesterday’s close then: OBV = Yesterday’s OBV – Today’s Volume If today’s close is equal to yesterday’s close then: OBV = Yesterday’s OBV Vite/usdt
by CryptoUltron
VİTE/USDT Hello everyone, friends. Today I would like to tell you about a project that caught my attention. Project name: Vite Total Supply: 1,025,889,764 Circulating Supply: 493,318,653 The number in circulation is low and the project is a beautiful coin. This project reminds me of WRX and FTM coins. My guess is that this will probably take its place among them. I studied the project for days and liked it very much. It has a hardworking team. Code updates are made frequently in Github repositories. This shows that the technical team is working. I came across such a comment on their official account on October 22. "Internal testing of bridge-related smart contracts will be completed by the end of this month." This is good news. This news will show good rises. It has 100X potential. This is my opinion, take your investment decisions yourself. It is not investment advice. What Is Vite? Vite has built a Directed Acyclic Graph (DAG) based smart-contract platform, with a Snapshot Chain structure to facilitate zero-fee transactions and optimize transaction speed, reliability, and security. The Snapshot Chain of Vite utilizes Hierarchical Delegated Proof of Stake (“HDPoS”) to achieve network consensus, while supernodes take only staking rewards and no transaction fees. Vite virtual machine maintains compatibility with EVM, and utilizes asynchronous smart contract language, Solidity++. The VITE token is the currency for simple token transactions and smart-contract executions on the Vite network, with users staking VITE for transaction quota instead of consuming gas. VITE can also be used to vote for Snapshot Block Producers ( aka supernodes). In addition, a VITE staker with unused transaction quota can lease such quota to dApps in exchange for their tokens. For instance, users can stake VITE in exchange of ViteX’s native decentralized exchange token, VX. Vite’s current products include a decentralized exchange (ViteX), a multi-purpose wallet application (Vite App), payments (VitePay), and government/enterprise blockchain applications (VitePlus): ViteX is a decentralized exchange with on-chain orderbook and matching engine, and supports currently 20+ digital assets. Vite App is a mobile application that allows trading (ViteX), asset management (wallet), dapps (e.g Vite-based games) in one place. VitePay is a fast and feeless payment solution, currently available to use in Singapore’s Ce La Vi Sky Bar and taxi services under the Midwest Global network - Users can pay for merchants with Vite wallet, who in turn receive payment with zero fees with near-instant settlement. VitePay is also integrated with the e-commerce platform OpenCart, and one can utilize VitePay at the official Vite store. VitePlus is a Vite-based enterprise blockchain solution for governments and enterprises. Vite has developed a pilot app, SyraCoin, for the Syracuse government, allowing city housing fund donors to receive blockchain-based coupons that are redeemable for goods and services within city bounds.
by Whalest_