Altcoin Gems 2: $EFI by EnjinHi everyone,
In light of the upcoming Polkadot parachain auctions, I would like to introduce you to a coin aiming to win the NFT parachain slot – Efinity, developed by Enjin.
I’m a big fan of Polkadot as I believe its ecosystem will become the core of tomorrow’s internet, and with NFT a booming industry I believe Efinity is easily a 10x coin. Enjin’s ERC20 coin ENJ has printed ca.2000% YTD returns, and I believe EFI will follow suit.
The Team
Enjin are pioneers in the NFT industry, and are responsible for the development of the ERC-1155 standard for NFTs on Ethereum. Enjin's leadership team are also behind Efinity - Maxim Blagov and Witek Radomski, the CEO and CTOs who are the inventors and authors of the ERC-1155 standard – so Efinity benefits from an experienced team that has successfully deployed a similar project historically.
Since the development of this now widely adopted standard in 2017, Enjin has developed a complete NFT ecosystem on Etheruem which comprises the Enjin Platform , wallet , market place, explorer . This suite of products offers solutions to developers and corporations needing to tokenise digital assets, and is used today by 20 million gamers worldwide, 40 game developers and enterprises including Microsoft, Minecraft servers, and games for PlayStation, PC, iOS, and Android.
It’s absolutely no surprise therefore that Enjin sold out $20 million worth of Efinity tokens in just under 3 hours in June 2021, and that these tokens have seen a approximately 6.6x return from ICO levels. EFI has yet to be listed on major exchanges like Binance and Coinbase, so I think that the price will rally significantly once this happens.
The Technology
Efinity will significantly enhance the experience of NFTs in the metaverse, and will likely to lead to wider adoptions of NFTs with various use cases for the following reasons:
Interoperability: as a Polkadot parachain, fungible and non-fungible tokens on Efinity will be easily transferable between multiple different blockchain networks and protocols. Ultimately it facilitates use cases where a gamer for example can take an NFT from one game into another with ease
Speed and low fees: additionally, it will benefit from the scalability of being a Polkadot parachain and will be capable of processing 700-1,000 transactions per second (TPS) which is a massive improvement to the Ethereum network.
This is just surface level information, but should be enough to wet your pallets to DOYR on this project and I promise you will be very impressed with what you uncover! :)
Key Levels to Watch
Price has just broken out of a 49 day accumulation range forming a very well rounded cup and is currently breaking out of a resistance zone from $1.18. The recent spikes in volume that have pushed the price above 1.18 indicates there is a lot of buying pressure and sufficient volume to keep pushing the price higher.
From here I envisage two possibilities:
(1) some consolidation that may form a nice handle before a breakout to Yearly open level on the exchange (marked by Y), or
(2) a break to 1.70 before a small consolidation and subsequent move upwards
In any case, there is very little resistance that lies ahead and with Polkadot parachain auctions commencing on November 11th, I think the timing to really scale into this coin is just right.
A close above 1.18 confirms a breakout for me, and from there we should definitely be expecting 10x return at the very least into 2022.
Would be really interested in hearing your thoughts on this one guys, feel free to share this post and leave your comments below!
I will make an effort regularly to update my Tradingview with projects with strong upside potential. I will be extremely grateful for any contributions in recognition of the time and effort put into this endeavour:
BTC: bc1qu7rswf6e8s8efj5d9g2r5phnejwxkcqycja7fw
ETH: 0x58ffB09Ce2C206989BB12F2e42965Fb818aDE61A
ADA: addr1qxjkfczhd7fta5evd4g8hakffkcmctddjawpudf9dvj6nq4q9thlfqw676k7edkjtzq6m50ncf90fmg5wy62xaf6g0ussvufz7
XLM: GCWACKPSV3W5OZYT5GK5UVH35YJSJIQ6L5VOH6EV6R2L7Z3E2L6G3D7Y
See my profile for other Gems that I have recommend to see how they have performed historically.
Altcoinanalysis
#MIR 1D Chart - Something BrewingDescending Triangle forming on Mirror Protocol (MIR). Price has already seen such a downturn since MIR has started trading. Let's see if it will turn around.
Keep in mind descending triangle pattern is a bearish pattern (generally speaking). But also remember this crypto hasn't seen a pump in a long time (feels like).
Lastly, RSI seems to be ready for a breakout out of the triangle formation.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
#ANKR 4HR Chart - DCB Possible?Ankr just had a nice run up but it looks like a Dead Cat Bounce (DCB) may be at play comparing it to the last pump. Remember the 786 fib line with a DCB.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
#AXS Axie Infinity 1D - Brewing ActionAXS on a daily chart.
A few things to note:
1) Rising wedge pattern in play.
2) Bearish divergence on 1D chart
3) Bollinger Bands tightening but similar structure forming since last tightening as circled in the chart.
Something interesting is surely brewing here.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
#ACH ALCHEMY PAY 4HR CHART UPDATEI put a few support areas on the 4H chart, but honestly the VPVR is showing limited support. If this falls, there may be another free fall.
HIT THE LIKE AND COMMENT BELOW PLEASE. THANK YOU!
CHART ON TRADINGVIEW USING MY AFFILIATE LINK: www.tradingview.com (thank you in advance!)
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research. #cryptopickk #bitcoin #altcoins
HBAR - Bulls are breaking out of the triangleWe have some big opportunities on HBAR so lets not sleep on them.
50 cents as a target in these current market conditions is a piece of cake. And that piece of cake is about a 30% gain from the current price.
A large green candle broke the mirror level of the tringle to the upside - this is the start of the rally.
We can see the growth in bullish momentum on the MACD graph below - lets pray this kind of momentum sustains.
Volume and price are moving in the same upwards direction - adding some nice confirmation to the strength of the upcoming move.
I'm expecting for some resistance at the current price ceiling (and current ATH). Once this level is broken it will be retested - this is when the price ceiling becomes the new price floor and when we can get ready for the main money making moves.
UNI/USDT SHORT TERM IDEA❓Hey hey my friend!
UNI/USDT here hit all the targets for 22% 🚀
Looking to buy the breakout of this trendline or the bottom support 👌🏼
You MUST ASSUME that price will follow the range or pattern until it DOESNT 🔥
Always have a plan
See you soon 🤙🏼
ANKR/USDT FIRST TARGET HIT 🎯Hey hey my friends!
Just a brief update on ANKR/USDT
First target was reached nicely, easy 20% in the bag!
If you missed the first post i marked a lvl on the chart that you can get in on this trade
Enjoy ☺️
ANKR/BTC WILL MOON 🌑Hey hey my friends!
Pretty bullish forming pattern we have here on BTC pair for ANKR
Falling wedges have 68% chance of a move to the upside
We are not opening a position here yet, waiting for breakout with volume confirmation
Copy this chart and set an alert! We promise you don’t want to miss this
Take profit targets are red lines
Enjoy 🤓
$DOGE - is the MEME still livin'? Crazy price movement on the coin of all coins
For me 0.026 is the key level currently, successful reclaim of it and it makes the move underneath look like a stop hunt, which makes this pretty damn bullish
Lots people are reckt/underwater right now with their positions, so for them I kinda hope it goes up again
But im sure they won't make that same mistake again and remember their stop losses to manually exit when it goes South
Lets see...
$ZIL - 30% Push on the cardsAnother DeFi coin associated with 5-7% APY staking
Specialising in transforming digital infrastructure and enterprise across the globe
The fundamentals look good, and the chart looks good
Within a big range, we have a pennant pattern which a break to the top could definitely see us reach the first target highlighted
As always I will be waiting for confirmation, not trynna gamble
Lets see....
ALT Season is Coming ?? Total2 Chart AnalysisHello Everybody !! Today is the day we are going to talk about ALT Season .
While everyone was talking about the Dominance Chart to start the alt season, I said (in the @Bitexgroup) that the #Total2 chart was an important point. The Break of this resistance will cause the Altcoins to pump. Exactly four days before the 30-50% pumps of the cryptocurrencies, We warn that the $ 240 billion level has the potential to Break.
Now let's take a closer look at its weekly chart.
We are at a very important point right now, Breakout of the Rising Wedge and Weekly Resistance level at $ 240-260 billion, which is the Weekly Major Resistance, could cause an alt-season pump.
In other words, We have an important TRIGGER on this level to start the Altcoins season.
So ALT Season is Coming ..
WAVES Looks ready for another leg upHey guys welcome for a fresh crypto update, please like and follow to support us
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looking at WAVES/USDT chart right now so prices are ready for another leg up
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Take entry at 2.64$-2.52$
T1 3.07$
T2 3.36$
SL 2.35$
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Thanks for reading...
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this is Husain Zabir, signing out
Thankyou...
Altseason is overWe are watching the Bitcoin dominance chart. There is every reason to believe that the altcoin season will terminate this year.
Highlighted features:
1) Chart large spikes indicate high volatility and market uncertainty
2) Around 60% support level is reached, the rebound has already started
3) Since 2017 the price channel's bottom has been reached as well as the price channel's bottom since July 2019 (red highlighted).
Commonly, all these factors indicate a very high probability of Bitcoin's dominance increasing. Plus, the alts have already won back their rapid growth, the correction is a logical continuation of the market cycle.
Vechain Attempting To Find Support On 4-Hour and 12-Hour Higher time-frames, 1 day and 2 day are showing negative momentum for VETUSD while 4 hour and 12 hour suggest traders are attempting to find a break. It will be a very interesting close to the week as a 40% rise still seems quite possible looking at the weekly chart structure.
However, if bitcoin decides to nose dive it could spark a significantly altcoin correction due to recent big gains.
Is the altseason already nearby?📊 The breakdown of support and BTC dominance index downward movement strongly affected the entire cryptocurrency market. Altcoins are gradually starting to reveal their potential. A lot of coins are pumping now.
Chainlink, for example, has reached its ATH.
And Dogecoin made more than 100% in just 2 days.
👀 Flat movement of BTC led to a drop in the domination index to 64% level and has a positive effect on altcoins, which will continue to grow against BTC and possibly return to their March values.
📉 The index has formed LL and BOS on the chart. This indicates a continuation of the downtrend.
🗣 However, do not forget that in case of a strong BTC impulse, money will begin to flow back. This might directly affect the alts. Part of the coins will go in to correction. Some will follow bitcoin.
✨ A breakdown of the 62.5% BTC.D level will open the doors for the altseason similar to 2017-2018. Remember that it begins after BTC completed its upward movement.
⚠️ The worst option for altcoins is domination above 73% level. It’s not even worth saying what will happen to the coins.
Ethereum ETHUSD Whats happening in the short term 25feb2020Hey guys welcome for a fresh crypto update
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A request from all of you to please like and follow our Hard work to keep encouraging us, there's no fee for likes and followings :)
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The prices dumped following the bitcoin movement, its currently testing our support level at fib 236
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The price should hold this level in short term but if a candle closes below our support level
we could see a correction upto 218$
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if prices holds this level we could see 288$ or previous high then a weekly close above 306$ or weekly resistance will confirm a bull market
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Thanks for reading...
For further inquiries or questions dm or comment below
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this is Husain Zabir, signing out
Thankyou...
PERLBTC formed bullish BAT | Upto 16% potential tradePriceline of Perlin / Bictoin cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
We have a 200 simple moving average support above the PRZ area therefore the priceline may only give spike in this buying zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000412 to 0.00000402
Sell between: 0.00000434 to 0.00000469
Regards,
Atif Akbar (moon333)
DOCKBTC formed bullish gartley | Upto 51% potential ideaPriceline of Dock / Bitcoin cryptocurrency formed a bullish Gartley pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Stochastic is oversold and has given bull cross.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000124 to 0.00000109
Sell between: 0.00000136 to 0.00000165
Regards,
Atif Akbar (moon333)
Altcoin Market index Analysis."In the name of Allah, the Most Gracious, the Most Merciful"
Altcoin Market index Analysis.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Share Our Chart on All Social Media.
Thanks
Adil Khan
Buy MCOBTC on BinanceDISCLAIMER :- This is not a financial advice.
Buy MCOBTC right now,
Place stop loss at 0.000499
and take profit at 0.000556
or at whichever price you like. :)
Remember, always risk 1% of your capital.
If you have any questions/doubts, feel free to comment below.
Happy Trading. :)
AltSeason will start!Wait for exit from Big Triangle in 1D chart for Altcoins Marketcap. It's will the confirmation for start Alt Season
