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DEFI

$STX/BTC is about to explodeBuying volume is increasing and Bollinger Bands are really tight, and that means it's getting volatile. STX is currently trading in my buying zone for 3 months. It's the 0.618 en 0.65 Fibonacci retracement from the last impulsive wave 1. From Stacks' market history, it can be seen that stacks has a habit of showing explosive price rises. As Bitcoin continues to move between 20k-24k and loses market dominance, it seems that this will give room for sats to rise significantly in value. My expectation is that the 0.382 Fib will be a first point of resistance (2764 sats). Seen from the current price, this is a 45% increase in sats value.
Long
by joerivdpol
ETH Weekly TA BullishETHUSD Weekly bullish. Recommended ratio: 95% ETH, 5% Cash. *Cryptos took a brief dip yesterday after news that Tesla had sold 75% of their Bitcoin holdings (~$936m) due to fears of China's Covid lockdowns (Tesla has a Gigafactory in Shanghai) and a need for cashflow. This came as a shock to the crypto community because in 2021 Elon tweeted that "Tesla has diamond hands". Ethereum is now up 86% from the local bottom ($875) on 06/13, and is now down 66% from its ATH ($4800) compared to being down 82% on 06/13. With the Merge currently scheduled for a September launch (~09/12/22) , this should continue to drive ETH higher in a "buy the rumor, sell the news" type of long trade. DXY appears to be undergoing a bearish correction, adding bullishness to money markets as Cryptos, Equities, the Euro and Gold are seeing a pick up in buying pressure. The ECB also raised their central bank interest rate for the first time in 11+ years by 50bps, it is now 0% amidst rising inflation; compared to how the Fed has responded to inflation, this rate hike was dainty considering the looming energy crisis due to Nord Stream's reduced capacity going forward for 2022.* Price is currently attempting to break above $1408 resistance with hopes of flipping it to support; this is after defending a crucial support at the uptrend line from June 2020 (which coincided with the 200 MA) at ~$1200. Volume is currently Moderate (high) and on track to favor buyers for a third consecutive session if it can close this week's session in the green, this is bullish! Parabolic SAR flips bullish at ~$3350, this margin is bullish! RSI is currently trending up at 38 with no sign of peak formation as it test 37 resistance. Stochastic remains bullish and is currently trending up at 33 with no signs of peak formation as it tests 27 resistance, the next resistance is at 52. MACD remains bearish and is currently trending up at -500 as it attempts to complete a trough formation, if it can cross above -420 it would be a bullish crossover (and the first time MACD would be bullish since before December 2021). ADX is currently trending sideways at 33 as Price pushes higher, this is neutral at the moment. If Price is able to close above $1408 resistance in this session and next, it will likely test $1944 resistance before the Merge. However, if Price breaks back down below $1408 resistance (still resistance until Price reclaims support) , it will likely retest the uptrend line from June 2020 at ~$1200 before potentially heading lower to retest $1k psychological support. Mental Stop Loss: (one close below) $1200.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 85% ETH, 15% Cash. *MINOR CORRECTION WATCH. Ethereum continues to rally (and should continue to leading up to September) on news that the Merge is likely to be ready for launch on Mainnet 09/19/22. Cryptos continue rallying as Equities are entering a big earnings season and recession fears are being allayed by Putin saying Russia will reopen the Nord Stream pipeline (albeit potentially at lesser capacity) . Yesterday, Congress passed the CHIPS for America Act granting $52b in government subsidies to advance the semiconductor industry in the USA, this briefly boosted chip and tech stocks. Though this still qualifies as a long overdue technical relief rally, it's important to note that Ethereum has reclaimed support of the descending channel from October 2021; because of this it's technically unlikely for ETH to retest $1k until after August if it were to.* Price is currently forming a Bull Flag as it trends down at $1500 after briefly touching $1600, the next resistance (minor) is at $1711. Volume remains Moderate (high) and is currently on track to favor sellers for a second consecutive session if it closes today's session in the red; this would increase the odds of a minor correction to $1427. Parabolic SAR flips bearish at $1127, this margin is mildly bearish at the moment. RSI is currently trending down at 63 after forming a peak at 69 (just below the 50/50 uptrend line from November 2018), the next support is the descending trendline from February 2020 at 55 support. Stochastic remains bearish for a second consecutive session as it trends down at 92, the next support is at 81. MACD remains bullish and is currently trending up at 52 with no signs of peak formation as it continues to make a strong case for flipping 28 resistance to support. ADX is currently trending up slightly at 31 as Price pushes higher, this is mildly bullish. If Price is able to continue up here without touching $1427 first, it will likely test $1711 minor resistance (which will be a critical resistance). However, if Price isn't done completing the Bull Flag, it will likely test $1427 support . Mental Stop Loss: (one close below) $1321.
COINBASE:ETHUSD
by dailytaguy
Another Alt breaks on the weeklyJASMYUS is the second alt to make a significant break on the weekly. There are some really nice defi charts that have gotten completely crushed. This is the first one I have noticed with decent trading volume to make a risk conscious break... others could soon follow (DAPPT, POWR, IDEX, SUKU). The best case scenario is for BTC to break last week's highs... that will give crypto some much needed fuel to push out of these ultra depressed levels. Much like the Tezos (XTZ) from last week, this is a great place to buy JASMYUS for the long term... plus has enormous potential to make huge trade to take a little out for 80%+ limiting your overall downside and hold the rest for the long term.
COINBASE:JASMYUSDLong
by HumbleFutures
2
ETHEREUM -19/07/2022-• Bullish move helps the coin climb 12% in a day • The rally is being attributed to a successful completion of the 2.0 project soon accompanied by market relief and US dollar pullback • Successful breakout of minor double top around 1280 highlighted on the chart • Two major resistance levels await bulls • First one is the descending trend line dating back from April 2022, today at 1600 • Second is the 1700 major level • Only until both levels are clearly broken, the major trend starts to turn bullish with next target to the upside at 2170 Levels to watch for buyers: 1600,1700,2170 for the near future
BITSTAMP:ETHUSD
by RamziAbouAbdallah-CMT
ETH Daily TA BullishETHUSD Daily bullish. Recommended ratio: 90% ETH, 10% Cash. *SUNDAY/MONDAY SCARIES. Cryptos enjoyed a rally for most of the weekend on news that Ethereum's Merge is scheduled for launch on Mainnet around September 19th . This news combined with the lighter tone in the past week from the Fed's Waller, Bostic, Barkin and Bullard, has seemingly lifted markets in the short term. However, a negative catalyst materialized last week when China (the worlds largest fertilizer producer) announced they would put a cap on phosphate exports . This move by China will likely adversely impact global food production and further disrupt supply chains (therefore potentially pushing inflation higher). Key dates this week: Housing Starts and Building Permits report released at 830am (EST) on 07/19.* Price is currently testing the 50 MA as support for a second consecutive session at $1350 after reclaiming support at the lower trendline of the descending channel from October 2021 at $1250; the next resistance is at $1427. Volume remains Moderate and is currently attempting to resume buyer dominance after ending a four day streak of buyer dominance in yesterday's session. Parabolic SAR flips bearish at $1050, this margin is neutral at the moment. RSI is currently trending up at 59 after bouncing at 58, this is just above the descending trendline from February 2020 at 55 support so it's possible that RSI formally tests 55 as support in the near-term. Stochastic remains bullish at max top as it coasts in the "bullish autobahn" (bullish in the near-term). MACD remains bullish and is currently trending up at ~1 as it looks to establish -46 as support, the next resistance is at 28. ADX is currently trending down at 27 as Price pushes higher, this is mildly bullish at the moment. If Price is able to establish the 50 MA as support at $1350, the next likely target is a test of $1426 resistance before potentially heading higher ( $1711 minor resistance ). However, if Price breaks back down below the 50 MA, it will likely formally retest the lower trendline of the descending channel from October 2021 at ~$1100 as support . Mental Stop Loss: (one close below) $1135.
COINBASE:ETHUSD
by dailytaguy
2
#AAVE in bullish HVF. $80 target 2 . $100 target 3@TheCryptoSniper I believe we are seeing a relief rally and the beginnings of positive momentum entering the #crypto space. Yes the macro headwinds are still present. But the last two weeks has brought further bad news which the market is absorbing and ignoring, The biggest development of this last Bull cycle is #Defi and automated market makers popularized by #Uniswap & AMM aggregators like 1 inch One of the survivors of #Defi Ice age is #AAVE which has survived and I believe will thrive going forward.
FTX:AAVEUSDLong
by BallaJi
4
ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 75% ETH, 25% Cash. * Ethereum has just completed its second (and second to last) Merge trial on Sepolia Testnet and will now have to pass the third and final trial on Goerli Testnet before launching on Mainnet; that said, Core developers still anticipate the Merge to launch on Mainnet sometime in Q3. Fallout from the 3AC default continues as one of the first crypto exchanges in the world, Blockchain.com, announced today that they expect to realize a $270m loss on loans to the over-leveraged and now distressed hedge fund (3AC). 2gether, one of the oldest crypto exchanges in Spain, recently halted operations amidst the downturn in crypto . It's unclear when this massive deleveraging in crypto will be finished but it seems as if a few more liquidations or defaults would be appropriate for Alameda Research (Sam Bankman-Fried) , Tron DAO (Justin Sun) or Binance Labs (Changpeng Zhao) to really start injecting liquidity into the crypto markets.* Price has been consolidating in the largest supply/demand zone for twenty three consecutive sessions and is currently testing the lower trendline of the descending channel from October 2021 at ~$1250 as resistance. Volume remains Moderate and is currently on track to break a two session streak of buyer dominance if it manages to close today's session in the red. Parabolic SAR flips bearish at $1k, this margin is neutral at the moment. RSI is currently trending sideways at 48.50 as it pauses on its way to test the descending trendline from February 2020 (as resistance) at 55.31 resistance. Stochastic remains bullish and is currently on the verge of forming a bearish crossover at max top (where it can coast in the 'bullish autobahn' for some time). MACD is currently trending up at -77 as it tests -91 resistance with no signs of peak formation; the next resistance (minor) is at -47. ADX is currently trending down sharply at 38 as Price pushes higher, this is mildly bullish. If Price is able to break out above the lower trendline of the descending channel from October 2021 at ~$1250 then it will likely test $1427 resistance . However, if Price is rejected here, it will likely retest $1k psychological support before potentially heading lower to test $776 support for the first time since breaking above it in January 2021. Mental Stop Loss: (one close below) $1135.
COINBASE:ETHUSD
by dailytaguy
2
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 60% ETH, 40% Cash. *Financial markets continue to attempt to digest the possibility of a global recession as Cryptos and Equities trend higher with hopes of establishing a local bottom. The insolvency crisis facing crypto lenders and investment funds continues as Voyager Digital followed in the footsteps of 3AC (who filed for bankruptcy last week) and filed for bankruptcy today . On the other hand, Celsius is managing to stay operational (and solvent?) by paying down $183m in collateralized debt to Maker which in turn brings their BTC loan liquidation price to $2700. It's still too premature to call a bottom and therefore good to still be vigilant.* Price is currently trending up at $1160 as it slowly approaches a retest of the lower trendline of the descending channel from October 2021 at $1225-$1250 as resistance. Volume remains Moderate and is currently on track to favor buyers in today's session after favoring sellers in yesterday's. Parabolic SAR flips bullish at $1250, this is mildly bullish. RSI is currently trending up at 43 after bouncing at 40 and avoiding a retest of 37 support; the next resistance is at 55 which would coincide with the descending trendline from February 2020. Stochastic remains bullish and is currently testing max top where it can potentially coast in the "bullish autobahn zone" for some time. MACD remains bullish and is currently trending up at -105 as it approaches a test of -91 resistance. ADX is currently trending down at 44 as Price is pushing higher, this is mildly bullish at the moment. If Price is able to continue pushing higher here then it will likely retest the lower trendline of the descending channel from October 2021 at $1225-$1250 as resistance . However, if Price breaks down here it will likely retest $1k psychological support before potentially testing $776 support for the first time since breaking above it in January 2021. Mental Stop Loss: (one close below) $1k.
COINBASE:ETHUSD
by dailytaguy