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.
DEFI
$ALGO Supports And Resistance Zones - TIME TO BUYEURONEXT:ALGO Is an asset I have a lot of history with, Currently, it is trading well below what it realistically should be, considering the overall state of the crypto market right now.
In this Chart I have not only added updated support / Resistance and target zones, I have left the previous Levels up that I charted in 2021
The more relevant data to current trades will be the levels established at the lower parts of the chart. Namely, the price points that follow.
Here are my levels to watch out for,
Here are my recommended options for entry.
You can wait for a breakout of resistance zone 1, wait for a breakdown to the support level ($.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.
Pull back to Fair Value Gap and Support ZoneOn 1H TF
DYDX has broken out Resistance by Descending Trend Line and now it's pulling back to retest.
I figured out the Fair Value Gap around 2.335 if it bounce back after hit this zone can join next bullish trend with invalidation level (stop loss) below 2.275
Wait for next move
Is it the Bullish Flag?Daily Chart
I spot the Bullish Flag or Falling Wedge on ARB's chart
Now, it's trading at 0.859x and moving up to resistance around $1
If it can break and close above this resistance that is huge profit for next bull cycle.
Wait for next move
HEX - Rallying war cry from Richard Heart!Evidence that RH is going to do battle with the corrupt SEC
from recent tweets.
Tweets like this give encouragement to the troops, and hopes for brighter days ahead.
Crypto speculators much like voters for in their political leaders crave exhibition of strength, & intelligence. This civil suit gives a platform for RH to demonstrate those key attributes...
Price action is a mixture of things
Confidence is a major part (along with momentum and liquidity obviously)
I still believe Pulsechain would be the asset of choice to accumulate
But #HEX and #PLSX will go along for the ride.
CAKE is back! Much work was done to remedy the inflation from an unsustainable 60-80% to 3-4%. CAKE is now burning more than emitting which makes this token technically deflationary even if there is still emission running at a rate of 1.45cake per block which is 1/10 of what we saw in previous months. From oversold area now rising with impressive volume back to live. It entered the top 100 coins list and still has a lot to offer. Was waiting for this bullish weekly signal around 1,75usd which now seems to be confirmed soon.
Breakout takes one and a half year to happen | Long BiasWeek Chart
AAVE already has broken #Resistance Line by Descending Trend Line. But it has another one at $110 ahead.
Wait for #Retest Step after Resistance turn into Support
Time will tell
CAKE break out downtrend channelhi dear trader
pancake swap It is being pumped
and now breakout downtrend channel
2.5 $ is first target in short term
good luck
CAKE/USDT Secondary trend. Pivot zones. 08 2023Local trend. Logarithm. Time frame 3 days.
Local trend. Work in it Risk Management.
In the local trend at the moment, this coin is interesting to work on, especially since the triangle is almost formed and the dénouement is coming soon. Stops will be quite short in the direction of the breakout.
Take a local profit (probably substantial) and forget once and for all about crypto fantasies and what will happen to the price next. No regrets if you took a relatively small profit and further development of the trend showed an order of magnitude more. In the end, everything can be the opposite, you will be the lucky one who “had time” before the “sunset”. Learn to profit from the market, it is better to take a little bit at a time, limiting risks, than to take potentially large profits (which is what most “sectarians” are waiting for).
A linear price chart with no market noise.
Pivot zones from key liquidity zones.
The main idea and meaning of this idea is to show the logic of working with reversal zones from key resistance support levels, which will determine the further development of the trend. I have shown all possible scenarios of secondary trend development from more probable and logical to less probable, but which have the right to be realized. You should always keep even unlikely scenarios in your mind, even if you do not believe in them. Few people calculate different variants of trend development ahead of time. In most, as a rule, there is one scenario of price movement, but it is built in most cases on the desire that it was exactly as profitable.
Major trend. Time frame 1 week.
CAKE Basic trend. Working with reversal zones. Money management. Read the text in the description of the main trend idea, it's important.
Breakout of $500 will lead to mini #DEFI season 🔥Good time to accumulate #DEFI coins 💎📝
Keep an eye on it 👀
Trendline Trading Strategy
What is a trendline trading strategy?
In technical analysis of financial markets, a trendline is a diagonal line drawn through a chart to show the trend in price. The slope of the trendline shows the direction of the trend: if the line has an upward slope, the trend is up (an uptrend), and if the line has a downward slope, there is a downtrend. When the slope is flat, the trend is horizontal, and in that case, we say that the market is moving sideways or is range-bound.
As you know, the price moves in swings, creating swing highs and swing lows. When the price is rising, it creates a series of higher swing lows and higher swing highs. Likewise, when the price is declining, it creates a series of lower swing highs and lower swing lows. An up-trendline is drawn across the rising swing lows, while a down-trendline is drawn across the descending swing highs. In a range-bound market, the line is drawn across both the swing highs and swing lows to delineate the boundaries of the range.
#INJ/BTC 1D (Binance) Symmetrical triangle breakoutInjective Protocol is out-performing the crypto market after printing that morning star deviation.
Looks good for bullish continuation in sats, probably after pulling back to 100EMA support.
⚡️⚡️ #INJ/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 6.5%
Current Price:
0.0002916
Entry Targets:
1) 0.0002705
Take-Profit Targets:
1) 0.0003529
Stop Targets:
1) 0.0002292
Published By: @Zblaba
CRYPTOCAP:INJ #INJBTC #Injective #AI #Web3
Risk/Reward= 1:2
Expected Profit= +30.5%
Possible Loss= -15.3%
Estimated Gaintime= 1 month
injective.com
will $yfi blow the roof off soonyfi had a nice response at the yearly show providing a $10k candle to the upside that his since retraced to the $8k region.
whilst selling pressure has made a low on the OBV, the price has managed to stay above the last bearish candle open on the monthly chart.
we now have a clear demand zone with unlimited upside potential, given that bitcoin seems to have found a local bottom / dxy has possibly peaked giving relief everywhere else.
if yfi can break the diagonal and claim the daily at $11k then there is no reason yfi cannot test $22k upward, possibly even mid-high $40k, or just go nuts and hit the 1.62 fib at $150k, but baby steps for now ;-)
RDNT Long / Spot PlanDisclaimer: Identify, Analyze, Evaluate, Treat, and Monitor at your Risk
RDNT Long/Spot Plan:
Long Potential Retest 0.5 Fib
TP: 0.29
SL: Lose TL
When will be next ATH? What will be next ATH?After every BTC reward halving, BITSTAMP:BTCUSD had always reached its new record.
It can be in a year, but I am sure that we are in the bull run which leads us to the moon.
I am also very curious if my prediction will be true.
Decoding DeFi MetricsIn Decentralized Finance (DeFi), deciphering the wealth of new projects can be akin to navigating uncharted waters. However, amidst the chaos, fundamental analysis stands as a beacon, guiding investors and traders towards discerning the true value of DeFi assets.
1. Total Value Locked (TVL):
TVL, the sum of funds nestled within a DeFi protocol, provides a vital glimpse into market interest. Whether measured in ETH or USD, it illuminates a protocol's market saturation and investor confidence.
2. Price-to-Sales Ratio (P/S Ratio):
In DeFi, just like traditional businesses, evaluating a protocol's value against its revenue stream offers a unique perspective. A lower P/S ratio suggests undervaluation, indicating a potential investment opportunity.
3. Token Supply on Exchanges:
Monitoring tokens on centralized exchanges unveils market dynamics. While a surplus may hint at sell-offs, complexities arise due to collateralized holdings, necessitating nuanced analysis.
4. Token Balance Changes on Exchanges:
Sudden shifts in token balances on exchanges signal imminent volatility. Large withdrawals hint at strategic accumulation, underscoring the importance of tracking market movements.
5. Unique Address Count:
More addresses usually imply widespread adoption. But beware! This metric can be deceptive. Cross-reference with other data for a clearer picture.
6. Non-Speculative Usage:
A token's utility is paramount. Assess its purpose beyond speculation. Transactions occurring outside exchanges signify genuine use, a testament to its value.
7. Inflation Rate:
While scarcity is a virtue, a token's inflation rate demands attention. Striking a balance between supply growth and value preservation is crucial, emphasizing the need for a holistic evaluation approach.
In the intricate DeFi landscape, these metrics serve as the foundations of strategic decision-making. Each data point unravels a layer of complexity, empowering investors to make astute choices. As you delve into the world of decentralized finance, armed with these insights thrive in the boundless universe of DeFi possibilities! 🚀💡
BITCOIN Bullish OutlookMy bullish outlook on Bitcoin stems not only from it potential as a politically neutral asset, but also due to the recent decision of the SEC to not appeal the Grayscale BTC ETF, thus making it a more attractive means of investment for the average consumer, as well as giving it credibility in the legacy markets.
In terms of price targets, some technical views suggest the following levels:
- $28,296
- $31,800
- In an extremely optimistic scenario, it might even reach $40,000.
1. The recent decision by the SEC not to challenge the approval of the Grayscale Bitcoin ETF suggests a more investor-friendly approach to Bitcoin investment may be on the horizon. This change in stance could make it easier for average joes to enter the Bitcoin market.
2. The rising global tensions are making Bitcoin appear increasingly attractive as it's a non-biased and politically neutral asset. This quality positions Bitcoin for potential success in uncertain times.
3. Notably, prominent figures like SkyBridge CEO Anthony Scaramucci embracing Bitcoin and JPMorgan Chase CEO Jamie Dimon altering his previously negative stance on cryptocurrencies add credibility to Bitcoin's prospects.
#NMR/USDT 4h (Binance Futures) Descending wedge breakoutNumeraire regained both 50MA & 200MA and is pulling back to them, looks good for another bounce.
⚡️⚡️ #NMR/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (4.0X)
Amount: 6.9%
Current Price:
13.13
Entry Targets:
1) 13.10
Take-Profit Targets:
1) 15.94
Stop Targets:
1) 11.68
Published By: @Zblaba
$CRYPTOCAP:NMR BINANCE:NMRUSDT.P #Numeraire #AI numer.ai
Risk/Reward= 1:2.0
Expected Profit= +86.7%
Possible Loss= -43.4%
bitcoin December 2023 hot**The "top spots" of Bitcoin are typically understood in the context of its historical price performance and market capitalization. As of my last knowledge update in September 2021, the top spots for Bitcoin were as follows:
All-Time High (ATH): The highest price ever reached by Bitcoin was around $64,000 in April 2021.
Market Capitalization: Bitcoin consistently ranked as the largest cryptocurrency by market capitalization. It often accounted for over 40% of the total cryptocurrency market capitalization.
Market Dominance: Bitcoin's market dominance, a measure of its market capitalization as a percentage of the total cryptocurrency market, has historically been around 40-50%.
Trading Volume: Bitcoin typically had the highest 24-hour trading volume in the cryptocurrency market.
Hashrate: Bitcoin had one of the highest hashrates among cryptocurrencies, indicating the computational power securing its network.
Adoption: Bitcoin was widely adopted as a digital store of value and a means of transferring value, with acceptance by various businesses and individuals.
Liquidity: Bitcoin was the most liquid cryptocurrency, with numerous exchanges and trading pairs available.
Institutional Investment: Bitcoin had attracted significant attention and investment from institutional investors and large corporations.
Regulatory Scrutiny: As a leader in the cryptocurrency space, Bitcoin often faced increased regulatory attention and scrutiny from governments and regulatory bodies.
Developer Activity: Bitcoin had an active development community working on protocol upgrades and improvements.
Please note that cryptocurrency markets are highly dynamic and can change rapidly. For the most up-to-date information on Bitcoin's rankings and performance, it's best to refer to current cryptocurrency market data sources.
LDO the decentralized Autonomous OrganizationFalcon X withdraws 5.25 million LDO (Worth $8.13 million)from Binance in the past three days, leaving them with a remaining holding of 7.01 million LDO (valued at $10.94 million) as of the time of writing.
Because of this single act the price of LDO simultaneously surged with a 3% percent gain
When pull back done, it's time to join | Short BiasChart 1H TF
STG is pulling back to resistance now.
Resistance zone is supported by Fibo Clusters 0.618, the last pullback 5.04% and the descending trend line.
If STG fail, I expect it will down lower can hit 0.38
Wait for next move
