#HEDRON inverse head and shoulders/ Cup and Handle/ Hunt ...Volatilty Funnel
@TheCryptoSniper
All which point to further upside on this microcap #Crypto
Bullish
DEFI
#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.
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.
The big correction wave, +100% profitOn daily chart
BINANCE:CELOUSDT has been loading three waves. Right now, it's in the fourth wave
Then CELO's two targets at 0.26 and further 0.22
Time will tell
zrxOne of the few projects with a real product (Matcha.xyz)
However, the coin serves no purpose as you can use their exchange without ever needing the coin.
DeFi index is also going down, so this will trend down as well.
No reason to stake ZRX either since the yields are terrible in comparison to others.
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.
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 53% ETH, 47% Cash. *MONDAY SCARIES. Cryptos are rallying today as US equity markets are closed for July 4th. It's still premature to call this a bottom so it's prudent to be wary of a potential Bull Trap.* Price is currently attempting to break out to the upside after testing $1k for eighteen consecutive sessions, confirmation of a short-term breakout would require Price to reclaim the lower trendline of the descending channel from October 2021 at ~$1200 as support. Volume remains Low and is currently on track to favor buyers for a third consecutive sessions if it is able to close today in the green; the Low volume is concerning and adds to risk of a potential Bull Trap. Parabolic SAR flips bullish at $1270, this margin is mildly bullish at the moment. RSI is currently trending up and testing 37 resistance with no sign of peak formation; the next resistance is at 55. Stochastic is currently crossing over bullish at 57, the next support is at 47 and resistance at 81. MACD is currently trending up slightly at -132 after defying its first attempt at a bearish crossover, the next resistance is at -91 and support at -197. ADX is currently trending down slightly at 46.50 as Price is pushing higher, this is mildly bullish; if ADX continues lower as Price goes higher this would become increasingly bullish. If Price is able to continue up here then it will likely test the lower trendline of the descending channel from October 2021 at $1200-$1250 as resistance . However, if Price breaks down here, it will likely retest $1k one more time before potentially testing $775 support for the first time since breaking above it in January 2021. Mental Stop Loss: (one close below) $1k.
$STXBTC huge break-out about to occurStacks is on a breakout. As previously mentioned in my analysis of last May 30, found at this link: Stacks is very interesting to take a long position in.
On the hourly chart, the Bollinger bands are hugely compressed. This shows that there will be a huge breakout, and in my opinion, upwards. I'm expecting an upward move because stxbtc has set a very nice bottom at the 0.618 Fibonacci retracement.
CRVThe CRV projection shows bottoms likely in and we have been buying down for a very nice avg entry. Mine is somewhere around $1.30 if I am to remove all the free coins I've made trading CRV during the2021 bull market. This is a boring chart showing that we land somewhere around $6 EOY -Jan 2023 but we should expect a slow recovery here becuase USA Markets are a bees dick away from a recession and altseason is in the review mirror at this point. Likely no awesome altseason again until next BTC 1/2ing. So cowboy up and be patient. IMHO
ETH Daily TA Neutral BearishETHUSD Daily neutral with a bearish bias. Recommended ratio: 35% ETH, 65% Cash. *Ethereum continues to flirt with $1k which is a major psychological level and the last support before potentially experiencing another 20% drawdown. The Merge is now live on Sepolia testnet which is the second of three public testnets, after the most recent difficulty bomb was delayed core developers are now speculating that the Merge should be ready for launch on the mainnet by mid-October.* Price remains hovering at $1068 for a third consecutive session and has been testing $1k for eighteen consecutive sessions now. Volume is Low and currently favoring buyers after breaking a six session streak of seller dominance. Parabolic SAR flips bullish at $1275, this margin is neutral at the moment. RSI formed a trough at 32 and is currently trending up at 33.50 as it approaches a retest of 36.91 resistance. Stochastic remains bearish and is currently trending down at 58 with no signs of trough formation, the next support is at 46.76. MACD is currently trending up slightly at -147 after resisting a soft-peak formation and is still technically testing -197 support; the next resistance is at -90. ADX is trending sideways at 47 as Price continues to test $1k, this is neutral at the moment; if ADX starts to come down as Price goes up, this would be mildly bullish, whereas if ADX keeps going up as Price comes down it would be bearish. If Price is able to defend $1k then it will likely retest the lower trendline of the descending channel from October 2021 at ~$1240 as resistance. However, if Price breaks down and closes below $1k, it will likely test $775 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes above) $1250.
$APE/USDT 4h (#BinanceFutures) Descending trendline breakoutApeCoin is pulling back to 50MA support and is forming a bullish flag on Low TF, looks ready for a rally!
Current Price= 4.251
Buy Entry= 4.231 - 3.917
Take Profit= 4.790 | 5.452 | 6.113
Stop Loss= 3.499
Risk/Reward= 1:1.25 | 1:2.4 | 1:3.55
Expected Profit= +17.57% | +33.82% | +50.05%
Possible Loss= -14.11%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 10 days
Tags: #APE #APEUSDT #Metaverse #NFT #Gaming #Web3 #Creation #DAO #Governance #DeFi
Website: apecoin.com
Contract:
#ERC20 0x4d224452801aced8b2f0aebe155379bb5d594381
ETH Weekly TA Cautiously BearishETHUSD Daily cautiously bearish. Recommended ratio: 10% ETH, 90% Cash. *It's currently a risk-off market which is adversely impacting cryptos and equities, add the insolvency crisis that is currently hitting various crypto lenders and crypto investment funds and there are very few reasons to be bullish. Once lay-offs are more commonplace and the housing market sees a prolonged shock, maybe then financial markets will have priced in a recession; but as it looks now, there is still a bit of room for downward pressure.* Price is currently trending down at $1018 as it attempts to stay above $1k, it is also breaking down below two important trendlines (which happen to coincide with the 200 MA); the lower trendline of the descending channel from October 2021 and the uptrend line from June 2020 (both at ~$1200). Though we are technically exhausted on the Weekly and starting to be the Monthly, there is still room for a bit more downward pressure (the lower trendline of the descending channel from May 2021 is at ~$800 and the long-term uptrend line from January 2017 is at ~$300). Volume is Moderate (low) and is currently favoring sellers after breaking the eleven-week seller-dominant streak for one week in last week's session. Parabolic SAR flips bullish at $3550, this margin is bullish. RSI is currently trending down at 26.69 as it quickly approaches a retest of the ATL at 25.88. Stochastic remains Flatlined at max bottom for a seventh consecutive week; the longer this goes on, the higher the odds of a massive rally in the future. MACD remains bearish and continues to form new ATLs with no signs of trough formation, the newest ATL is currently at -533. ADX is currently trending up slightly at 32 as Price continues to fall, this is bearish. If Price is able to bounce here and reclaim both the uptrend line from June 2020 and the lower trendline of the descending channel from October 2021 at ~$1200 , then the next likely target is a test of $1407 resistance. However, if Price is to break down below $1k support , it will likely test the lower trendline of the descending channel from May 2021 at ~$800 before potentially heading lower to test $681 minor support for the first time since breaking above it in December 2020. Mental Stop Loss: (two consecutive closes above) $1245.
ETH Daily TA Cautiously BearishETHUSD Daily cautiously bearish. Recommended ratio: 25% ETH, 75% Cash. *The Federal Reserve Bank of Atlanta released a real-time GDP estimate that currently projects -1% GDP growth for Q2 , when the BEA releases their first Q2 GDP estimate on July 28th it will give more clarity but the general consensus is that we are heading for an "official" recession (I have previously stated we are arguably already in a recession). How much of a recession has been priced in is yet to be determined but the NYSE and NASDAQ combined have already lost $7 trillion in market cap in 2022 (data from World Federation of Exchanges ) and it is estimated that more than $11 trillion (in market cap) has left global equity markets ( US represents 41.6% of global equity markets ). Cryptos and equities are once again bearing the brunt of a risk-off investment thesis that is being propagated by fears of a recession. With regards to Ethereum, The Merge hasn't been scheduled yet but some core developers think it will be launched in September .* Price is currently trending down at $1005 as it attempts to defend $1k support; if it is able to defend $1k support it would also likely form a local Double-Bottom which would be bullish, but it's still premature to say at this time. Volume is Moderate (high) and currently on track to favor sellers for a fifth consecutive session if it can close today's session in the red; it has also been ascending for five consecutive sessions. Parabolic SAR flips bullish at $1275, this margin is neutral at the moment. RSI is currently trending down at 30 as it approaches a retest of the uptrend line from 01/22/22 at ~28. Stochastic remains bearish and is currently trending down at 67, it is still technically testing 80 but it risks losing it if it is unable to bounce here; the next support is at 47. MACD remains bullish and is currently forming a soft peak as it trends down slightly at -168, it is still technically testing -197 support. ADX is currently forming a trough at 48 after Price was rejected by the lower trendline of the descending channel from October 2021 at ~$1300 and continues to see selling pressure, this is mildly bearish. If Price is able to bounce here at $1k then it will likely retest the lower trendline of the descending channel from October 2021 at $1200-$1300 as resistance . However, if Price continues to break down here, it will likely test $775 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes above) $1250.
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 51% ETH, 49% Cash. *Cryptos and equities took a beating today as the markets are deciding whether the Federal Reserve is going to engineer a soft landing or hard landing and whether or not a 3.5% EOY target for Federal Funds Rate is enough. Global inflation numbers continue printing higher and prompting monetary-policy-driven demand slowdowns. China is slowly beginning to lift lockdowns with dine-in at restaurants in Shanghai set to resume on 06/29 and Disneyland set to reopen on 06/30 . The third and final Q1 GDP estimate (US) is scheduled to report tomorrow (06/29) at 830am (EST) and should give insight into how much the economy is likely to slow in Q2. Core PCE Price Index is also scheduled for release at 12:30 (EST) on 06/30, which (combined with CPI due on 830am (EST) 07/13) should help markets gauge whether a 75bp or more rate hike is on the table come 07/27.* Price is currently testing the short-term uptrend line from 06/18 at ~$1150 as support after being rejected by the lower trendline of the descending channel from October 2021 (~$1300) as resistance. Volume remains Moderate (low) and is currently on track to favor sellers for a third consecutive session; the odds of a shrinkage breakout/breakdown are weakening along with the structure of the pattern but it still remains a possibility in the near term. Parabolic SAR flips bearish at $986, this margin is mildly bearish. RSI is currently testing 36.91 support after forming a soft peak at 40. Stochastic crossed over bearish in today's session and is currently trending down at 87 as it quickly approaches a test of 80.69 support. MACD remains bullish and is currently trending up slightly at -161 as it is beginning to show signs of a soft peak formation; it is still technically testing -197 resistance, if it can break above this level then the next resistance would be at -90. ADX is currently trending down at 47.50 is finding resistance as it pushes higher, this is mildly bullish at the moment. If Price is able to bounce off of the short-term uptrend line from 06/18 at ~$1150 then it will likely retest the lower trendline of the descending channel from October 2021 at ~$1300 . However, if Price breaks below the short-term uptrend line, it will likely retest $1k as support before potentially falling to formally test $775.83 support. Mental Stop Loss: (two consecutive closes below) $1135.
AUTOFARM to $30,000+ IN NEXT BULLMARKETI will explain what Autofarm is, and why I believe this token will go to $30,000 or higher in price.
Autofarm (AUTO) is one of the most under-rated tokens in crypto. I believe that tokens that serve a purpose will be around in the future, while garbage tokens that have no utility will die out in this bear market - just like previous bear markets.
AutoFarm is a yield farming aggregator running on both Binance Smart Chain (BSC) and many other smart chain protocols. It has a circulating supply of 34963 tokens, and a max supply of 80,683. This means there will never be more than 80,683 tokens in existence.
You know what other token was yield aggregator token with a similar circulation supply? YFI (Yearn Finance)! And that almost hit a price of $100,000 per token in the last bull market.
However, Autofarm is better and different that Yearn Finance! What makes Autofarm better is a couple of things:
- It is already the absolute best TOP Yield Aggregator on the following chains:
GNO, HECO, OASIS, OKEXCHAIN, BOBA, VELAS
- It supports other chains as well, including:
MATIC, CRONOS, BSC, AVAX, FTM, AURORA, MOVR, CELO, ONE.
- It is a deflationary token. Meaning the supply of Autofarm decreases over time! More and more tokens are burned often. With supply going lower, there will eventually be more demand. Currently, 2436 Auto tokens have been burned forever.
- The market cap of Autofarm is only $10,000,000! That's basically nothing
- YFI is not a deflationary token, doesn't support as many chains, and the dev also left the project.
Defi is the future, and we all know that such protocols are in demand and will continue to be in demand. This token has already been listed on major exchanges like Binance, CoinEx and Cryptocom - making it very easy for anyone to buy
Once the bull market is back, we expect the entire crypto market cap to get to atleast 6 trillion dollars in the next big bull run. Defi and Yield Aggregator's end up doing great in bull markets.
By the time we get to the next bull market (2025), more Autofarm tokens will be burned from the supply, vault fees are used to perform market buy-backs of AUTO and burnt forever.
In 18 months, 2436 tokens were burned. So using that figure, we estimate that in 30 months (Early 2025), about 5000 more tokens will be burned
We estimate that roughly about 30,000 of these tokens will be in circulation come 2025.
This means that the price of each token will increase in value.
We have made calculations as to how high this token can go using the market cap. Remember, the figures below only show a supply of 30,000 by 2025:
Market cap of 10m, price per token = $333
Market cap of 100m, price per token = $3,333
Market cap of 1b, price per token = $33,333
Market cap of 10b, price per token = $333,333
The all time high for Auto was almost $14,000 per token. And this was also back when there was more supply in circulation. In time, more and more of these tokens will continue being burned. This means that in 1 decade, we could see this reach a much higher price.
Autofarm has been audited by 3 different auditors, including Certik. And also has a github page. To me, having multiple audits + a github page is always a good thing when it comes to evaluating tokens
I mentioned earlier that my target for this is $30,000 in 2025. This would require a market cap just shy of 1 billion dollars at a supply of 30,000. Yearn Finance easily surpassed 1 billion market cap, and almost reached a 3 billion market cap.
I believe this is a strong project and it is a steal at the current price. I also believe we will see the price drop as we go deeper in the bear market, which should make this a nice coin to dollar cost average. I believe there is a good chance that AUTO gets below $100 in the upcoming months, and a very low chance it gets to $50. Should also likely get a couple bounces in small bull phases from now till halving, possibly to $600.
BINANCE:AUTOUSDT BINANCE:AUTOUSD BINANCE:AUTOBUSD COINEX:AUTOUSDT GATEIO:AUTOUSDT
#HEX still under control of the BEARS!From the inverse HVF funnel formation and break.
HEX dropped below 3 cents
A return move to the initial funnel range , seems to be a relief rally.
If #Bitcoin does continue on below $15,000 and under
The projection of HEX to reach a penny for a capitulatory, cycle bottom still exists.
This I believe will set up for a fantastic reflation period of #crypto going into 2023 and the next cycle top in 2025.
A few more months of pain , but the rewards for sticking around, and being patient will reward some of us. Not everyone can make it despite the great design mechanics of HEX , this is still highly speculative and the volatility wears on even the strong minded.
Survive to Thrive!
Stacks has bottomed at the 0.618 Fibonacci retracementSTXUSDT has put down a textbook 0.618 Fibonacci retracement correction on the weekly chart.
In my Elliott Wave count, the last impulsive wave was a truncated fifth. In a new wave count, the retracement to the 0.618 Fibonacci is a corrective wave 2. Such a correction is not unusual for a corrective Wave 2.
The Tom Demark (TD) Sequential Indicator indicates a 9-candle count. This usually means that a bottom has been reached and a trend reversal will occur. It indicates a set-up to take a position in the market.
I have additionally used the Chris Moody Indicator "RSI Strategy Lower". This indicates by means of the RSI that a bottom has been reached. This can also be seen by the formed horizontal green line; this is now starting to move upwards.
If STXUSDT is preparing for an impulsive wave 3, interesting times are coming...
ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 80% ETH, 20% Cash. *SUNDAY/MONDAY SCARIES WATCH. With the BEA due to report a third estimate for Q1 2022 GDP growth on Wednesday (06/29) at 8:30am (EST) and Core PCE Price Index to be reported on Thursday (06/30) at 12:30pm (EST), crypto and equity markets will look to continue the technical relief rally to start the week.* Price is currently trending up at $1237 and is on the verge of testing the lower trendline of the descending channel from October 2021 at ~$1300, where a bit of resistance is to be expected. Volume remains Moderate (low) and is currently on track to shrink for a ninth consecutive session, indicating that a breakout or breakdown is likely impending. Parabolic SAR flips bearish at $941, this margin is neutral at the moment. RSI is currently trending sideways at 39 as it hovers above 36.91 support; the next resistance is at 55.31 which would coincide with the descending trendline from February 2020. Stochastic remains bullish and is currently forming a peak as it tests max top. MACD remains bullish and is currently trending up at -176 as it attempts to breakout above -197.34 resistance. ADX is currently trending down at 48 as Price continues to push higher, this is mildly bullish. If Price is able to break out (and close) above the lower trendline of the descending channel from October 2021 at ~$1300 then it will likely test $1426 resistance. However, if Price breaks down here, it will likely formally test $775 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes below) $1k.
#DEFI Alts are probably running much higherDon't let a half-worth day's of activities impair your ability to see what is going on.
Alts are probably running much higher
KP3R USDT hello guys this is my idea about KP3R /USDT
I thing that sellers from this area will be defend this short position..
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + previous support become resistance + Strong volume area is my mainly reason for this short trade....
IF YOU LIKE MY IDEA DONT FORGET LIKE AND FOLOW THANKS
REBENGA TURTLE TRADER
ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 65% ETH, 35% Cash. *Cryptos and equities continue rallying and will hope to carry on this momentum through the weekend and into next week leading up to the Core PCE inflation report due next Thursday (06/30/22). Which should tell us whether or not the Fed is going to raise FFR by 75bp (or more) on 07/27/22.* Price is currently trending up at $1206 as it gets closer to testing the lower trendline of the descending channel from October 2021 at ~$1300 as resistance. Volume is currently Moderate (low), looking to favor buyers for a second consecutive session if it closes today in the green and is on track to shrink for a sixth consecutive session (which indicates that a breakout or breakdown is likely impending). Parabolic SAR flips bearish at $896, this margin is neutral at the moment. RSI is currently trending up at 38 as it attempts to flip 36.91 resistance to support after bouncing off the uptrend line from 01/22/22 at 26; this is bullish. Stochastic remains bullish and is currently testing 80.69 resistance with no sign of peak formation. MACD crossed over bullish in today's session and is currently trending up at -211 as it quickly approaches a test of -197.34 resistance (after breaking below it on 06/14/22). ADX is currently trending down at 51.51 (after forming a soft peak at 53) as Price continues pushing higher, this is mildly bullish at the moment. If Price is able to continue up then it will likely face some resistance at the lower trendline of the descending channel from October 2021 at ~$1300; if it breaks and closes above ~$1300 then it will likely test $1426 resistance, whereas a rejection at ~$1300 may take it down to $775 support. However, if Price breaks down here and falls below $1k, it will likely fall (pretty violently) to test $775 support (and potentially lower). Mental Stop Loss: (two consecutive closes below) $1k.
