Link level held
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#Link Update
Held the 13.40 level,
in at 13.57. 🧵
Been a while, but got some ups.
Taking some off up here.
Still in the sideways zone,
even with a pop of the high, could just be a b/x wave.
Careful if 16.60 pops!
15.39 is my new level of interest.
#Altcoin #Elliotwave
DEFI
🔮 Mamma Mia: Forza Matic!!! 📈Matic sta facendo rumore nel mondo crypto, amici! 🇮🇹
News:
Italy’s Central Bank Taps Polygon, Fireblocks DeFi Project to Help Institutions Dabble With Tokenized Assets (Link: www.coindesk.com)
Feast your eyes on the journey from the humble scooter to the roar of the Ferrari, and let's ride the Matic wave with style and speed. Always remember, though: in the race for gains, smart driving beats pure speed. 🛴➡️🏎️
It’s can end up strutting through the markets like a classic Italian sports car - sleek, powerful, and turning heads. 🏎️💨 After a strong rally back into a major channel, Matic is hinting at a bullish aria that could hit high notes we haven't seen before. 🎶📈
Guardate questa! The 3.12 resistance level is our prima donna, a spotlight moment where breaking through could see Matic doubling its applause to a 6.00 standing ovation! 👏 But here's the twist - Matic isn’t just any performer; it's got the backing of Italy's central bank, collaborating on a DeFi project. 🏦✨
Check out this dolce piece for a taste of how Matic is marrying tradition with innovation: Italy's Central Bank Dives Into DeFi With Matic (link above).
As they say in Italia, "Il rischio fa parte del gioco" – Risk is part of the game, so manage your portfolio like a fine Italian wine, with patience and appreciation for the journey. 🍷📊
#MATIC #CryptoItalia #DeFi #BlockchainBella #CoinDesk
One Love,
The FXPROFESSOR 💙
Links: ChatGPT seems to be confident in MATIC’s future – Here’s what it said: ambcrypto.com
CARDANO: Hydra update Bullish for ADAHi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
Cardano (ADA) has gained significant global recognition as a blockchain platform due to its emphasis on scalability, security, and interoperability. Frederik Gregaard, CEO of the Cardano Foundation, recently shared his vision for potential use cases, envisioning a future where Cardano plays a pivotal role in areas such as supply chain management, digital identity, and decentralized finance (DeFi).
In recent developments, Cardano welcomed the launch of Empowa, a new platform built on its network, which aims to address the housing crisis in Africa. Empowa operates as a DeFi platform, providing affordable housing loans to low-income families within the country. The platform operates entirely on Cardano's infrastructure, demonstrating the platform's capability to support innovative solutions.
Furthermore, Cardano has introduced Hydra, a scalability solution designed to enhance its mainnet's transaction throughput. Hydra serves as a layer 2 scaling mechanism that enables a significant increase in transactions per second while maintaining the security and decentralization aspects of the Cardano network. This becomes particularly significant as Ethereum experiences surging gas fees, prompting users to explore alternative options.
Looking ahead, Cardano's founder, Charles Hoskinson, who is also a co-founder of Ethereum, consistently emphasizes the importance of true decentralization as a global imperative. Cardano continues to prioritize scalability, security, and interoperability, attracting developers and entrepreneurs interested in building decentralized applications with practical use cases. With the recent launch of Empowa and the upcoming implementation of Alonzo, Cardano showcases its potential to emerge as a significant player in the realms of DeFi and smart contracts. The introduction of Hydra further strengthens its position as a secure and scalable blockchain platform.
The underlying technology of Cardano and its recent launch have the potential to disrupt traditional financial service providers and institutions in several ways:
Decentralization and Trust: Cardano's blockchain technology operates on a decentralized network, meaning that it does not rely on a central authority or intermediary for transactions and record-keeping. This decentralized nature eliminates the need for traditional financial institutions as middlemen, reducing transaction costs and increasing trust in the system. By leveraging blockchain's transparent and immutable nature, Cardano offers a trustless environment where participants can interact directly without the need for intermediaries.
Scalability and Efficiency: The scalability solutions implemented in Cardano, such as the Hydra protocol, enable the network to process a high volume of transactions per second. This scalability advantage allows Cardano to handle a large number of users and transactions simultaneously, providing efficiency and faster settlement times compared to traditional financial systems that may suffer from bottlenecks and delays.
Lower Costs: Traditional financial institutions often impose high fees for various services, including remittances, loans, and cross-border transactions. Cardano's decentralized infrastructure and smart contract capabilities can significantly reduce costs associated with these services. For example, decentralized finance (DeFi) platforms built on Cardano can provide lending, borrowing, and other financial services at a fraction of the cost compared to traditional intermediaries.
Inclusion and Accessibility: One of the key advantages of Cardano is its potential to provide financial services to underserved populations. By leveraging its interoperability features, Cardano can facilitate cross-border transactions and enable access to financial services for individuals who are unbanked or underbanked. This inclusivity can help bridge the gap between different economic strata, empowering individuals and communities that have been historically marginalized by traditional financial institutions.
Innovation and Smart Contracts: Cardano's platform enables the development and execution of smart contracts, which are self-executing contracts with predefined conditions that automatically execute when the conditions are met. Smart contracts offer a programmable and auditable framework for various financial applications, including decentralized exchanges, lending platforms, and insurance services. The ability to create innovative financial products and services on Cardano opens up new opportunities for entrepreneurs and developers to disrupt the traditional financial landscape.
While the adoption of Cardano and its technology in the mainstream financial industry is still in its early stages, the platform's focus on scalability, security, and interoperability positions it as a potential competitor to traditional financial service providers and institutions. As Cardano continues to evolve and attract more users and developers, its impact on traditional finance could become more significant in the future.
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KUCOIN:ADAUSDT COINBASE:ADAUSDT BINANCE:ADAUSDT CRYPTOCAP:ADA COINBASE:ADAUSD KRAKEN:ADAUSD BITFINEX:ADAUSD
Aave's ($AAVE) Growth Closely Tied to Bitcoin Rally
The upward trend for AAVE continues, albeit with a slowdown in growth over the past week. A key challenge for buyers lies in the resistance zone between $103 and $110, which has been tested five times within a month but remains unbroken.
For AAVE, the goal is to sustain its growth and set new annual highs. Should it break through the current resistance zone, the next significant levels that could potentially impede its ascent are situated at $115 and $120. The momentum of this growth will largely depend on the buying activities in BTC.
If a market correction occurs, the AAVE price could see a considerable decline. The initial target during such a correction would be the buying zone at $83-$88. Further down lies a resistance level at $77.8 and a range between $70.2 and $74.5. These levels are expected to be tested if there's a significant correction in BTC, possibly down to around $32,000.
DEFI: UniSwap - ALL YOU NEED TO KNOW 🦄Hi Traders, Investors and Speculators of the Charts 📈📉
If you’ve been following me on TradingView for a while, you’ll now that I’m a believer – a believer in the promise of blockchain. One of the principals of this promise is to move away from centrally controlled banking systems. This would eventually include the act of saving and earning interest for the money that you leave in the capable hands of your banker (who also gets to decide whether or not you qualify for loans). Currently, you need to give up all of your personal information to open a bank account and furthermore you are seriously undercut in the returns / interest rate that you will be receiving (to name only two of many problems with the system). For example, where I reside, the most common interest on a savings account is 5% annually, whereas the interest on your credit card is 19.5% annually. And this is, in short, the common argument for Decentralized Finance.
Before we continue, familiarize yourself with these key terms:
TVL – Total Dollar Value Locked in the platform
DEX - A decentralized exchange. DEXs don't allow for exchanges between fiat and crypto — instead, they exclusively trade cryptocurrency tokens for other cryptocurrency tokens.
Blockchain – A unique way of coding that is open for anyone to use, many believe that web3 will be built on top this kind of coding
DeFi – Decentralized Finance such as cryptocurrencies and stablecoins
dApp – Software like apps that work on the basis of blockchain code and thus apps that accommodate cryptocurrency such as UniSwap and NFT Market places
LP tokens - New liquidity pool tokens. LP tokens represent a crypto liquidity provider's share of a pool, and the crypto liquidity provider remains entirely in control of the token. For example, if you contribute $10 USD worth of assets to a Balancer pool that has a total worth of $100, you would receive 10% of that pool's LP tokens.
APY - Annual Percentage Yield, think of it as yearly interest in percentage
Smart Contracts — E lectronic, digital contracts coded to integrate with dApps. Automated financial agreements between two or more parties once the pre-determined terms of the contract is reached
Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts (liquidity pools) to execute trades on its exchange. It's an open source project and falls into the category of a DeFi product (Decentralized finance) because it uses smart contracts to facilitate trades. Built on Ethereum, Uniswap is the first and largest DEX in DeFi and one of the many places where you can participate in yield farming. To earn interest in their cryptocurrency holdings, investors contribute their funds to a Uniswap smart contract; these investors are known as liquidity providers. The smart contracts that hold their cryptocurrencies are known as liquidity pools. Liquidity providers are required for Uniswap to function since they provide liquidity for trading on the platform.
With the rise of Blockchain, Crypto and then Decentralized apps, yield farming was born to address some of the banking system's limits. Or at least, that would be in the perfect world.
Yield farming is the process of using DeFi to maximize returns . Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services. This works for both parties, because yield farmers provide liquidity to various token pairs and you earn rewards in cryptocurrencies. However, yield farming can be a risky practice due to price volatility , rug pulls, smart contract hacks etc.
Yield farming allows investors to earn interest which is called ‘yield’ by putting coins or tokens in a dApp, which is an application (coded software) that integrates with blockchain code. Examples of dApps include crypto wallets, exchanges and many more. Yield farmers generally use decentralized exchanges (DEXs) to lend, borrow or stake coins to earn interest and speculate on price swings. Yield farming across DeFi is facilitated by smart contracts.
Let’s take a closer look at the different types of yield farming on UniSwap:
Liquidity provider: You deposit two coins to a DEX to provide trading liquidity. Exchanges charge a small fee to swap the two tokens which is paid to liquidity providers. This fee can sometimes be paid in new liquidity pool (LP) tokens.
Lending: Coin or token holders can lend crypto to borrowers through a smart contract and earn yield from interest paid on the loan.
Borrowing: Farmers can use one token as collateral and receive a loan of another. Users can then farm yield with the borrowed coins. This way, the farmer keeps their initial holding, which may increase in value over time, while also earning yield on their borrowed coins.
Staking: There are two forms of staking in the world of DeFi. The main form is on proof-of-stake blockchains, where a user is paid interest to pledge their tokens to the network to provide security. The second is to stake LP tokens earned from supplying a DEX with liquidity. This allows users to earn yield twice, as they are paid for supplying liquidity in LP tokens which they can then stake to earn more yield.
Yield farmers who want to increase their yield output can also use more complex tactics. For example, yield farmers can constantly shift their cryptos between multiple loan platforms to optimize their gains.
Back to DeFi - In centralized finance, your money is held by banks and corporations whose main goal is to make money. The financial system is full of third parties who facilitate money movement between parties, with each one charging fees for using their services. The idea behind DeFi was to create a system that cuts out these third parties, their fees and the time spent on all the interaction between them.
Defi is a technology built on top of blockchain - it can be an app or a website for example, which means that is was written in code language by software programmers. It lets users buy and sell virtual assets (like crypto and NFT's) and use financial services as a form of investment or financing without middlemen/banks. This means you can borrow , lend and invest - but without a centralized banking institution. In summary, DeFi is a subcategory within the broader crypto space. DeFi offers many of the services of the mainstream financial world but controlled by the masses instead of a central entity. And instead of your information being filed on paper and stored by a banker, your information is captured digitally and stored in a block with your permission. Many of the initial DeFi applications were built on Ethereum (which is a blockchain technology, but the code is different to Bitcoin's, in other words it operates/works differently). The majority of money in DeFi remains concentrated there.
Lending may have started it all, but DeFi applications now have many use cases, giving participants access to saving, investing, trading, market-making and more. Another example of such a market is PancakeSwap (CAKEUSDT). PancakeSwap is also a decentralized exchange native to BNB Chain (Binance chain). In other words, it shares some similarities with UniSwap in that users can swap their coins for other coins. The only difference is that PancakeSwap focuses on BEP20 tokens – a specific token standard developed by Binance. The BEP20 standard is essentially a checklist of functions new tokens must be able to perform in order to be compatible with the broader Binance ecosystem of dapps, wallets and other services.
💭 Final Thoughts 💭
Is yield farming profitable? Short answer - Yes. However, it depends on how much money and effort you’re willing to put into yield farming. Although certain high-risk strategies promise substantial returns, they generally require a thorough grasp of DeFi platforms, protocols and complicated investment chains to be most effective. Is yield farming risky? Short Answer - Absolutely . There are a number of risks that investors should understand before starting. Scams, hacks and losses due to volatility are not uncommon in the DeFi yield farming space. The first step for anyone wishing to use DeFi is to research the most trusted and tested platforms.
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🌟📈 SNX Token's Potential Upswing 🚀🔍💥 SNX Breaks Out of Accumulation Box: The Synthetix (SNX) token, in its weekly timeframe, has recently exited its accumulation box, observed in the past two weekly candles. However, the primary uptrend hasn't kicked off yet due to the overall market conditions and resistance from Bitcoin and Total 2.
📊 Range Boundaries Broken: Previously, SNX was trading within a range of $1.850 to $3.206. It has now breached this range, indicating potential for further movement.
📈 Bullish Outlook with Targets: If the market trends upward, SNX could be a lucrative coin in the next bullish wave. The initial target is set at $4.264, but I personally aim for a $7.5 target in my trades.
🔝 Volume Confirmation: The increase in volume during its upward movement confirms the positive trend.
🚦 Caution Advised: Don't rush to buy until clear signs of market movement reappear. A deep correction in Bitcoin could push SNX back into the range box.
🕒 Timeframe for Entry: Utilize 1-day and 4-hour timeframes for better entry points.
⚠️ Stop Loss Tip: Avoid setting a tight stop loss to prevent getting stopped out by minor fluctuations.
🔑 Related Categories:
1.Trend Analysis
2.Support and Resistance
3.Volume Analysis
📣 Share your thoughts on SNX's future! 🌐💬 #SNX #CryptoAnalysis #TradeCityPro
What Is Synthetix (SNX)?
Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol.
The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
📚 Remember: Financial markets are unpredictable. Always do your research and invest wisely! 🧠💼
UNFI going to moon !!!BINANCE:UNFIUSDT watch out for this pair. it could be a huge profit. on a successful breakout. I will buy more.
Apex preparing for long againApex.Exchange (APEX), waiting for a long entry.
My thesis are that APEX "only" will move up up from now until the end of the bull market. Therefore I primarily look for long setups.
This trading idea is to enter a long after a wick down, and then hopefully a continuation move to the upside will fallow.
For me Apex is hands down the best leverage exchange on DeFi, at some point I think it's very likely that more people will discover it....
So I will keep longing Apex - non financial advice :)
Weaking lINK? Elliott WaveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#LINK update.
Bounced off of initial AOI level.🧵
In at 13.57 after reclaim.
TP.
Now is the time to see what we get.
Sideways? or Sharper A.
Still looking for a W4 to match circle W2.
$13.40 hold for shallow.
$11-12 for most likely target.
Chainlink #LINK Bullback scenario's, mini head & shoulders20-30% pullbacks are normal occurrences and healthy, to allow for profit taking , and also leverage traders to give back money to the market.
UP ONLY is a sign that the bullmarket is ending!
If everyone is winning
and everyone is in profit...
who is going to buy your coins?
So we can see the mini H&S with log and linear targets giving about a 30% pullback form the recent local high
Doesn't have to go all the way there of course and may actually reverse before the full target is met at around the $13 level ...
$ALGB token primed for a once in a century pumpWriting this from my phone, will update the chart in the morning and give a more through analysis.
I recommend having at least a small bit in your portfolio, it is a relatively high risk asset so don’t bet the hoist but I do believe we will see a ridiculous increase in price over the next month. I’ve been holding for a few months without seeing any positive movement, nice to see it finally getting some gains
AVAX GROWTH - CHART - Supports and ResistancesThis is just a supporting chart for the Video I put out Earlier.
Currently touching the bottom of the channel I mentioned.
With the recent announcement by JP Morgan's ONYX regarding their stake in AVAX I thought this would be the perfect time to cover this Incredible asset.
In short ONYX is predicting that subnets ( individual blockchains that have been specifically designed to suit the needs of institutions. That means extra consideration has been given to network privacy, gas, ETC) will be extremely valuable to institutions in the near future and are betting big, since this announcement we have already seen over a 20% increase in price, but how much more can we actually run?
From a Technical side, we are at a huge inflection point, In the past when we have crossed the $18 region we have seen explosive growth, anywhere from 200% - 700%. Although it is highly dependent on bitcoin / ETF approval/ overall market, If we can maintain above this zone its only a matter of time before we fly to our first targets / Resistance points
Outlined here are a few important zones to watch
Resistance Point 1 .382 level: $24.00 ( Just rejected off this 12 hours ago)
Target 1 : - $ 26.60
Target 2 (Midterm Major Resistance/Support Zone): $61.86
Strong Resistance Zone : $93.50
Target 3/ Breakout Resistance Zone: $112.75
AVAX EXPLOSIVE Growth Potential - DAPP BuilderPlease Excuse the audio, I have a version on my Youtube with far better audio, for some reason, my computer won't let me select my Microphone. You can find our youtube link in our trading view bio
With the recent announcement by JP Morgan's ONYX regarding their stake in AVAX I thought this would be the perfect time to cover this Incredible asset.
In short ONYX is predicting that subnets ( individual blockchains that have been specifically designed to suit the needs of institutions. That means extra consideration has been given to network privacy, gas, ETC) will be extremely valuable to institutions in the near future and are betting big, since this announcement we have already seen over a 20% increase in price, but how much more can we actually run?
From a Technical side, we are at a huge inflection point, In the past when we have crossed the $18 region we have seen explosive growth, anywhere from 200% - 700%. Although it is highly dependent on bitcoin / ETF approval/ overall market, If we can maintain above this zone its only a matter of time before we fly to our first targets / Resistance points
Outlined here are a few important zones to watch
Resistance Point 1 .382 level: $24.00 ( Just rejected off this 12 hours ago)
Target 1 : - $ 26.60
Target 2 (Midterm Major Resistance/Support Zone): $61.86
Strong Resistance Zone : $93.50
Target 3/ Breakout Resistance Zone: $112.75
CRV: New DEFI BOOM in 2024?Exciting times are ahead for the decentralized finance (DeFi) space, and Curve DAO Token (CRV) is catching our attention with its bullish stance. The charts are painting a promising picture, and it seems like CRV is gearing up for new highs during the upcoming DeFi boom in 2024. Let's dive into the factors contributing to this bullish outlook. 📈🌐
The CRV Bullish Scenario:
Curve DAO Token (CRV) is exhibiting strong bullish signals, setting the stage for a potential uptrend. As we anticipate the next DeFi boom in 2024, CRV appears well-positioned to capitalize on the renewed interest in decentralized finance.
Technical Indicators:
Chart Patterns: CRV's chart patterns are aligning with traditional bullish formations, suggesting a positive momentum shift.
Volume Analysis: Increased trading volume is often a precursor to significant price movements. CRV's recent uptick in volume is indicative of growing interest and participation.
The DEFI Boom 2024 Catalyst:
The decentralized finance ecosystem is expected to experience another boom in 2024, driven by advancements, new projects, and increasing adoption. CRV, being a key player in the DeFi space, is likely to benefit from this overall market trend.
Anticipating New Highs:
With the convergence of bullish technical indicators and the broader DeFi market narrative, there's a strong case for anticipating new highs in CRV during the upcoming DeFi boom. Traders and investors alike should keep a close eye on developments in the DeFi space and CRV's price action.
Trading Strategy:
Technical Confirmation: Wait for additional technical confirmation, such as a breakout or sustained positive momentum, before entering a position.
Market Awareness: Stay informed about developments in the broader DeFi ecosystem, as they can influence CRV's price trajectory.
Risk Management: Implement sound risk management practices to safeguard your investments, especially in the dynamic and sometimes volatile DeFi market.
Conclusion:
As CRV sets the stage for a potentially bullish cycle, the DeFi boom in 2024 could catapult it to new highs. As always, approach the market with a strategic mindset, adapt to changing conditions, and may your trades be in sync with the rhythm of the crypto market.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
#AVAX/BTC 1D (Binance) Falling wedge on supportAvalanche printed a morning star, seems likely to bounce back towards 100EMA resistance.
⚡️⚡️ #AVAX/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 13.4%
Current Price:
0.0003157
Entry Targets:
1) 0.0003101
Take-Profit Targets:
1) 0.0003796
Stop Targets:
1) 0.0002869
Published By: @Zblaba
CRYPTOCAP:AVAX BINANCE:AVAXBTC #Avalanche #L1 avax.network
Risk/Reward= 1:3
Expected Profit= +22.4%
Possible Loss= -7.5%
Estimated Gaintime= 3-7 weeks
Chainlink Educational Post - Finding Support And ResistanceMany of you have been asking me how I timed my NASDAQ:LINK trade so well. Purchasing at $7.63 on October 20th and now seeing it up to $16.20, I will say it was slightly lucky, but it was not random.
In this video I go over a few of my basic strategies for getting major price points out of an asset in less than 15 minutes.
Follow for more trading content. Exclusive videos will be released weekly.
Sorry about the AUDIO quality - Dont have a mic with me right now.
- Joshua
Helios Capital Investment
FTM Speculative Asset Play - DeadCOIN?FTM is one of those coins that is in a pretty uncomfortable place for me, Not much going on in the Fantom Ecosystem and a ton of new competition has sprung up over the past three years, However from a technical standpoint FTM looks incredible right now, Id recommend accumulating at least a small bag in case these targets do come to fruition.
Support Zone : $.2570 - $2670
Major Resistance Zone: $.2960-$.3210
Target 1: $.3863 +31%
Target 2: $.4880 +64%
Target 3: $.6101 +105%
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.
$ALGO Supports And Resistance Zones - TIME TO BUYEURONEXT:ALGO Is an asset I have a lot of history with, Currently, it is trading well below what it realistically should be, considering the overall state of the crypto market right now.
In this Chart I have not only added updated support / Resistance and target zones, I have left the previous Levels up that I charted in 2021
The more relevant data to current trades will be the levels established at the lower parts of the chart. Namely, the price points that follow.
Here are my levels to watch out for,
Here are my recommended options for entry.
You can wait for a breakout of resistance zone 1, wait for a breakdown to the support level ($.1230), or enter right now and risk a breakdown while still in the trade.
At this level I do believe it is a more beneficial move to either enter now or wait until a break of resistance, I don't necessarily see us dipping to support unless the overall market declines over the next few days.
Here are the levels to watch.
Set alerts are applicable prices.
Support / Entry level: $.1230
Resistance Zone 1: $.1405-$.1520
Target 1: $.2390 +97%
Target 2: $.3610 +190%
Target 3: $.5070 +320%
Bull markets start with DeFiLet's look back at the previous bull market. As you can see, with the explosive growth of DeFi, the bull market officially started.
The upcoming bull market can be the same. We expect to see massive adoption of retail and commercial investors this time.
What is your DeFi bet? Will you play it safe or high R:R? Let me know below!
#STORJ/USDT 12h (ByBit) Small rising wedge near breakdownStorj is about to print an evening star, could lead to a leg down to 200MA support.
⚡️⚡️ #STORJ/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.8X)
Amount: 5.0%
Current Price:
0.4425
Entry Targets:
1) 0.4455
Take-Profit Targets:
1) 0.3515
Stop Targets:
1) 0.4925
Published By: @Zblaba
$STORJ BYBIT:STORJUSDT.P #Storage storj.io
Risk/Reward= 1:2.0
Expected Profit= +80.2%
Possible Loss= -40.1%
Estimated Gaintime= 1-2 weeks
SHIB - Resistance and Support Zones - TargetsPotential Price Targets and supports -
Support Zone $.00000640 - $.00000760
Target 1: $.00000850
Resistance 1 / Fib level .618: $.00000912
Target 2: .000001480
Major Volitility Zone: $.000015-.00003405
Previous Top Resistance: $.00006075
SHIB is the main token of the Shiba Inu ecosystem, bringing the power of a decentralized, community-led currency to millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.
Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.
This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021.