Decentralized derivatives trading platform Firefly opens final testnet registration and will launch APP

Fundamental analysis:

​​

USD/CHF continues to fluctuate around 0.92155 as Russia extends Belarusian drills scheduled to end on Sunday, so the focus will be on the upcoming meeting between U.S. Secretary of State Anthony Blinken and Sergey on February 24. Russian Foreign Minister Sergei Lavrov while investors will closely monitor developments surrounding the conflict in Ukraine. This will weigh on risk sentiment and give a partial boost to USD/CHF, which is trying to extend Monday's early gains with fresh selling around 0.9220 and now it looks like it's a mix of both and the pair will be set for the next few weeks. extend the decline.

​​

USDCHFUSDCHF-4-hour candlestick chart shows:

​​

Technical point of view: Bearish momentum continues to support fundamental analysis in the middle and lower support of Bollinger Bands indicator channel:

​​

Ethereum remains oscillating around 2615. The final testnet of Firefly, a derivatives exchange based on Polkadot, has now opened for registration, and the testnet application will be open for 7 days. At the same time, Firefly will launch the first Defi trading mobile app on the entire network. Firefly is a decentralized derivatives exchange based on an order book system. Firefly Exchange uses the trustless Layer2 blockchain technology to achieve transaction speed and low cost comparable to centralized exchanges, while taking into account the security and transparency of decentralized exchanges. Firefly has received investment from Polychain, Three Arrows Capital, Alameda Research, Fenbushi, Parafi, Huobi, Cumberland and many other institutions in 2021.

​​

Ethereum ETH/USDT - 4-hour candlestick chart shows:

​​

Technical Comments: The bearish momentum continues to oscillate downward in the middle and lower rails of the Bollinger Bands indicator channel. After reaching the low level of 2496, it is supported and reversed upwards. The bullish momentum is waiting for an opportunity to enter the market, but the overall downward trend is good. Insufficient, the Bollinger Bands indicator shows a downward trend and the trend continues, and the low level begins to show signs of closing. The MACD indicator is in the short position and is in a weak position, and the RSI indicator is in the short zone.

​​

Long-short turning point: 2655

​​

Suppression position: 2730, 2804

​​

Support level: 2550, 2474

​​

Trading strategy: bearish below 2655, target 2550, 2474

​​

Alternative strategy: bullish above 2655, target 2730, 2804

​​

The above analysis is a personal opinion and is for reference only. Shock, low to 0.91493 rose sharply after being supported. After a strong upside, low bullish momentum awaits an opportunity to enter the market. About to touch a node near the upper rail of the Bollinger Bands indicator, the Bollinger Bands indicator goes down and starts to move, the MACD indicator is in the bearish area, and the low level fluctuates and slowly rises. The RSI indicator continues to fluctuate in bearish territory and move up to the 50 balance line.

​​

Long-short turning point: 0.92058

​​

Suppression bit: 0.92318, 0.92450

​​

Support level: 0.91920, 0.91768

​​

Trading strategy: bullish target above 0.92058 0.92318, 0.92450

​​

Alternative strategy: bearish targets below 0.92058 0.91920, 0.91768

​​

The above analysis is my personal opinion and is for reference only.