Entry Point for Another Altcoin Opportunity!About:
AIOZ is a Layer 1 Blockchain-Based Content Delivery Network (CDN), Open To The New Era Of Internet Streaming.
I set this entry 6 days ago, a few hours after it had bounced off the support line, and just waited for the chance to get in nice and low. Arguably, the chances of AIOZ re-visiting a price this cheap is highly unlikely
NFA/DYOR and enjoy!
Altcointrading
Great Entry Point is Approaching for This ALTCOIN!!About:
NORD is an advanced decentralized finance ecosystem;
-multi chain investment banking
-savings
-advisory
-loans
-swaps
Lives on the Ethereum & Polygon networks.
You can mine NORD is you prefer... it's done through their liquidity mining program of course.
Anyways, I don't necessarily love this DeFi project, but at half-price from it's all time high im definitely buying at the position illustrated in golden text.
My plan is to sell it off at $6.50 more or less, just for an easy 2x. Upon further roadmap success, I 'MIGHT' consider leaving some of my investment in, for hodling.
NFA/DYOR and enjoy frens!
Radix the gemHello everyone,
Tonight I bring you a Gem.
I accumulated this baby in the accumulation zone down at the bottom.
However, it shows one of the cleanest Elliott Wave charts I have seen. I will be holding this baby for the next 2-3 months...I have some targets in mind, which will surprise those who will join the ride.
I will, however, reveal the first one...0.92.
For those of you that would like to enter...I am adding to my position at this level (0.26 - 0.30) with SL below 0.25 (according to my risk strategy).
That will be the perfect retracement for the 3rd wave. When the minor wave five is completed at 0.92, there will be a very painful retracement back to the 0.30 level.
However, after that...well, you will see.
Now let's ride it to 0.92
(High Risk)
GRT The Graph: Downside SupportHello friends, today I am completing a technical analysis on the 1D linear scale chart for The Graph ( GRTUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines.
#CryptoPickk notes the following:
1) The Graph price had an all time high in February 2021 and since that point, the price has only came down.
2) Recently due to the #cryptocrash, the price dropped significantly breaking a multi-month bottom trendline (in yellow color).
3) A Trend-Based Fibonacci Retracement is shown with two areas to note - 0.236 and 0.382 level ($0.34-$0.45 area)
4) Both of these area are also support areas shown in the green color lines.
5) The Volume Profile (VPVR) is also heavy around these two areas.
6) The RSI (relative strength index) is about to touch the oversold region and the Stochastic RSI (Stoch RSI) is in the oversold region).
7) There may be a point of consolidation or short-term price increase before prices may come down further. Stay a bit cautious as the economy and market are fragile right now.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
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
AMP TOKEN #AMP CHART - AT THE APEXStill in this gigantic triangle with AMP. We are at the apex (almost). Something is going to happen really soon.
I enjoy creating scenarios. 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
Cup and Handle pattern - Altcoins indexCup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
How this works
The cup should resemble a bowl or rounding bottom. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
After the high forms on the right side of the cup, there is a pullback that forms the handle. The handle is the consolidation before breakout and can retrace up to 1/3 of the cup's advance, but usually not more.
The cup can be spread out from 1 to 6 months, occasionally longer. Ideally, the handle will form and complete over 1-4 weeks.
The buy point occurs when the stock breaks out or moves upward through the old point of resistance (right side of the cup). This breakout should occur with increased volume.
The price target following the breakout can be estimated by measuring the distance from the right top of the cup to the bottom of the cup and adding that number to the buy point. This should be used only as a guideline.
CKB between linesIt could consolidate between those lines but we will see its move and i will update when we have some validation about the move.
Much love <3
Celo is about to breakout! CELO/BTC Daily Chart.I've labelled the specific points that could represent a Wyckoff accumulation patttern. The 5 phases represent:
(A) controlling the downtrend to a stop
(B) buying and selling to create a trading range in order to accumulate as much as possible
(C) testing supply to conclude when accumulation has been maximized
(D) transitioning to an uptrend
(E) executing the breakout to a successful uptrend
What do you guys think would love to hear your comments?
DISCLAIMER: Not professional advice, just opinion and should not be used to make investment decisions.
SUSHI-USDTSushiswap is a DEX protocol that has retained its position among the top 3 DEX platforms in terms of Total Value Locked. Sushiswap has been able to whitewash its notorious image created due to its anonymous founder, Chef Nomi decided to trade all the ETH held in the development fund worth ~$13 Million on Sep 5, 2020, which ultimately tanked the Sushi prices by more than 70% in one day. However, Chef Nomi, later returned his holdings and apologised to the community.
Sushiswap, in recent times, is trying hard to expand its ecosystem and serve the traders and investors to trade on its platform. This can be validated by the fact that Sushiswap has integrated its protocol with highly scalable and high-performance blockchains such as Solana and Polygon to nullify the impact of gas fees on Ethereum and thereby diluting the entrance barriers on its platform.
On the Daily Time Frame, Sushiswap has been trading in a Range Pattern with the lower and upper band present at $8.8 and $21.7 respectively.
If the price tends to sustain in the pattern, the current levels is the best place to accumulate due to lower downside risk while huge room exists to travel to the higher side. The immediate support and resistance are present at $8.8 and $13 respectively.
With (0.27) Market Cap/TVL Ratio, it seems lucrative and undervalued given the present circumstances.
CHILIZ-USDTChiliz, the fan engagement platform, rose to all-time highs in the first quarter of 2021. With the wave of NFT going on in the crypto markets ushered in by the headlines of Everydays: The first 5000 days being sold out for a whopping $69 million and Jack Dorsey converting his first tweet into an NFT brought the NFT ecosystem into prominence.
Chiliz too witnessed enormous momentum in the first quarter of 2021, it went on a meteoric rise and witnessed 47x appreciation in its asset price thereby hitting a high of ~$0.94 on March 12. Since then, it has retraced by 78.6% of the prior single-shot bull move as per the Fibonacci levels.
On the Daily Time Frame, Chiliz is currently trading below its 50 and 100 DEMA that signals the control of bears on its tokens. The support to the lower side is present at $0.18 while it may face resistance at the levels of $0.33 due to the presence of 50 and 100 DEMA.
In the near future, it may face difficulty in its journey towards its highs. However, Chiliz as a platform holds value and it may be accumulated with a long-term investment horizon.
CRV-USDTCurve Finance is currently the leader of the DEX ecosystem on Ethereum in terms of Total Value Locked ($7.35 Bn). While the fees on Uniswap v2 is 0.3% per trade, on the flip side, Curve charges merely 0.04% – a nearly 10x difference. Curve’s infrastructure is built to offer minimum slippage and lower gas fees as it focuses on swapping between similar assets thereby suppressing the volatility.
As the median transaction fees on Ethereum is at its lowest levels since Jan 2021 ($2.37 at the time of writing), Curve is well placed to capture the market opportunity available in its vertical. Its partnership with Polygon is a major milestone as it would encourage investors to provide liquidity at negligible fees and swap their assets seamlessly.
At the time of writing, the CMP of Curve is $2.37 and its Market Capitalisation is worth ~$848 Mn. Therefore, the Market Cap/ TVL Ratio is 0.08 which makes the token’s valuation highly undervalued and could be treated as an Accumulation opportunity.
On the Daily Time Frame, Curve is trading in a Range while the lower base of the pattern is at $1.22 while the upper band is present at $4.17.
The support to the lower side is present at $1.55 followed by $1.55 while the resistance to the higher side is placed at $2.7 followed by $3.48. Fundamentally, the CRV token is undervalued and being a leader of the DEX ecosystem on the Ethereum network, the current dip can be considered as a Buying opportunity.
SOL-USDTSolana is a high-performance layer-1 solution optimized for scalability, it can scale to 50K transactions per second. In the past 1 week, in terms of development activity on the blockchain, Solana has secured the 3rd spot with 348 commits. TVL locked in the DeFi protocols built on Solana Blockchain stands at $997 Mn.
Solana came down ~67% from its all-time high of ~$58.3 and has currently taken support at 50 DEMA. It has bounced back from its recent low of ~$19.1 and is currently trading at $43.4.
It is currently forming a strong bullish candle and the news of acceptance of BTC as a Legal tender is set to support the crypto ecosystem to rise higher.
The support to the lower side is present at $36 while as SOL is trading above its 50 DEMA, it looks adamant to move to new highs and may give targets of $50.
MATIC-USDTOn the Daily Time Frame, Matic is currently trading at its 20 DEMA. If this support level breaks, the level of $1.47 followed by $1.30 (50 DEMA) will likely act as a support level to the lower side.
On the higher side, a Resistance trendline can be drawn connecting the recent two highs. Thus, the level of $1.95 will likely act as resistance. A close above the trendline will trigger the price to the level of $2.2 and $2.47 respectively.
With the leaders of the crypto space such as Sushiswap, Aave partnering with Polygon, the shift of IDO platforms such as Polkastarter, Dodo and Poolz and the rising trend of projects from all verticals- NFT, DeFi, developing on Polygon, Matic is set to gain its position in the top 10 crypto projects.
MDX-USDT( Ascending Channel)Mdex is an AMM based decentralized exchange that implements a dual-chain DEX model based on the Huobi Eco Chain and Ethereum. It combines the advantage of the low transaction fees of the Huobi Eco Chain and the liquidity of the Ethereum ecosystem, therefore, offering a seamless trading experience on DEX.
In 1 Hour Time Frame, MDEX is forming a Ascending Channel Pattern and is currently trading at the upper band of the pattern.
Key Levels to Watch Out For:
Closing above the level of $2.38 will trigger a Breakout, therefore, it may easily reach the level of $2.65 while the support to the lower side is placed at $2.2 followed by $2.1 .
COMP-USDT(Double Bottom)An open-sourced decentralized finance protocol built on the Ethereum blockchain that has currently locked in ~$7.38 Bn in its protocol.
From its All-Time High, COMP too crashed ~70% and is currently trading at $420.
It has currently taken support from the level of $350 and it looks like it is forming a Double bottom kind of formation, further downside seems unlikely.
The support to the lower side is present at $280 while it is possible to achieve $550.
UNI-USDTWith the current crash in the crypto markets, Uniswap too got trapped in the windfall wherein it plunged by ~65% from its trading price of ~$45 on May 3. From its recent low of $13, it has gained more than ~100% and its CMP IS $28.8 at the time of writing, which is still ~36% short of its all-time high.
As per smaller TF’s (4Hr and Daily), UNI has managed to close above its 20 and 50 EMA and these EMA's are likely to act as support for UNI price and act as a cushion whenever the price approaches them.
The immediate resistance is placed at $29. Closing above the level may witness UNI making higher high and higher low formation and on the higher side, it may face resistance at a level of $35 followed by $39.
The support to the lower side is present at $26 while $23 will serve as the next level of support.
ADA-USDTAs per the CoinShares' weekly flow report, Cardano is at the top of the list of crypto assets garnering inflows of $10M. With the environmental concerns revolving around PoW protocols, Cardano presents itself as an energy-efficient PoS blockchain network while it has logged in 1 Million ADA Wallets witnessing a fivefold increase in 2021 itself.
On a 4 Hr Time Frame, ADA is currently taking support at 20 EMA and is looking bullish.
The immediate resistance is placed at ~$1.8, crossing this level, ADA may move to the levels of $2.1.
The support to the lower side is present at $1.62 followed by $1.45.
Update on the Crypto Market Cap exclud BTCENG
This is the total crypto market capitalization without btc. We are still bullish on altcoins but altcoins are approaching dangerous territory. If the chart breaks the blue line (200EMA) then it's ciao ciao altcoin season, otherwise it's just a correction. The last time we saw the chart at the 200 EMA was right after the Corona Dump in 2020. Another very bullish indicator, the hash ribbons are lit up blue, meaning more money inflow is expected in the coming days and weeks. Keep in mind. we dont know the future and we have to be prepared for both scenarios. if a happens we do a. if b happens we do b.
D AT CH
Dies ist die gesamte Krypto-Marktkapitalisierung ohne btc. Wir sind immer noch bullish auf altcoins aber altcoins nähern sich gefährliches Gebiet. Wenn der Chart die blaue Linie (200EMA) bricht, dann ist es ciao ciao altcoin Saison, sonst ist es nur eine Korrektur. Das letzte Mal, dass wir den Chart an der 200 EMA gesehen haben, war direkt nach dem Corona Dump im Jahr 2020. Ein weiterer sehr bullischer Indikator, die Hash-Ribbons leuchten blau, was bedeutet, dass in den kommenden Tagen und Wochen mehr Geldzufluss zu erwarten ist. Denkt daran. Wir kennen die Zukunft nicht und müssen auf beide Szenarien vorbereitet sein. wenn a passiert, machen wir a. wenn b passiert, machen wir b. Risk Management is wichtiger als alles andere.
AAVE-USDT(Horizontal Channel Breakout)An open-source decentralized lending and borrowing DeFi protocol built on top of Ethereum and enable the users to borrow and lend a wide range of crypto assets without the involvement of any third party institution like a bank. The total valued locked (TVL) in lending protocols currently stands at ~$39.6 Bn, which Aave alone has locked in ~$11.96 Bn in its protocol
On the daily time frame, Aave has been consolidating in a range since Feb 2021. It has given a breakout from the range and it seems to move to its new highs.
The support to the lower side is placed at $530 which is the upper limit of the range while it may give targets of $750 in the near future.