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Daily Luna Update 3/27Luna gathered up the gumption to retest the $91 s/r yesterday after the decisive break to the downside on 3/25 but just couldn't hold it. Last few attempts showed declining volume and it looks like we're riding the wave back down currently. Big bearish candle after second failed breakout (red arrow.) Not quite "engulfing" but it certainly makes a statement. Looks like short term we're riding a channel. I use these as a weak indicator. Breakouts with a decisive close suggest a change in trend, but other factors such as overall trend movement and historic horizontal support/resistances carry a lot more weight for me. On this short term chart, MACD did flip positive yesterday but is trending back down. RSI crept up to just below 50 and is also swinging back down. Overall forecast remains the same. I think we could dance around in this zone a bit longer but if/when we break below 87 it could be a fairly dramatic move down since volumes this year are relatively thin in the 50-87 range so we might have trouble finding a new support level in there. In terms of big picture trends, we still haven't triggered any major indicators on the 3d chart but we're getting close: Watching for RSI < 50, negative MACD histo, and a drop below the 18 SMA. All are trending in a negative direction. Lastly, bollinger bands (12 day) are getting pretty tight which can be indicative of a big move coming. Nothing is written in stone yet but the failed retest of 91 with overall trends looking the way they do makes me think we're going down before up.
LShort
by kmacman
ICP Weekly is a must watchNot a Financial Advisor. I've been away for a bit - Market looks much nicer! So I've been working on ICP projects (NFTs) during my absence I firmly believe this coin will be 4 figs - the development being done on this blockchain is state of the art. Truly remarkable. Developers all know it, few get to see that side, it's going to incredible in the coming years. ICP is a long term investment - you can make money in the short term likely to hit $100 in the next 8 weeks in my opinion. BTC integration coming. ETH integration coming before 2023. This small community is going to continue growing, ICP should turn heads this year. Breaking major downtrend on the weekly - look into the BTC integration - how many coins have been burned, should help research.
COINBASE:ICPUSDLong
by StofAxeCapital
3
SRM LONGTERM ANALYSISIn our previous SRM analysis, we identified areas to buy and averege in. We have gotten our wish buy zone at the 1.236 fib support region which coincides with the PoC(Point of Control) on the Volume Profile tool. We can also see the RSI is at support region tho not oversold yet(weekly) and the Stochastic is oversold which makes for a good buying opportunity to average in. However, don't go all in and only invest what you can afford to lose at these prices as Bitcoin could still take another rollercoaster ride to the downside. Watch and place more orders around the $1-0.8 dollar region for volatility. Hold till Price Rejection. If you agree pls like and share your thoughts below.
SLong
by RektMyMom
1
$OMG/USDT 8h (#BinanceFutures) Falling wedge breakout and retestOMG Network (a.k.a. OmiseGo) regained 50MA support and is pulling back to it, looks good for another bounce after. Current Price= 4.023 Buy Entry= 4.004 - 3.800 Take Profit= 4.399 | 4.798 | 5.237 Stop Loss= 4.085 Risk/Reward= 1:1.2 | 1:2.16 | 1:3.22 Expected Profit= +25.48% | +45.92% | +68.42% Possible Loss= -21.28% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 2x Estimated Gain-time= 5 weeks Tags: #OMG #OMGUSDT #PoA #OmgFoundation #BobaNetwork #Layer2 #Scaling #DeFi #Payment Website: omg.network Contract: #ERC20 0xd26114cd6ee289accf82350c8d8487fedb8a0c07
OLong
by TradingOn
5
$AVAX/USDT 4h (#BinanceFutures) Rising wedge breakdown & retestAvalanche lost 100EMA support and is pulling back to it, probably before retracing down again. Current Price= 79.44 Sell Entry= 79.54 - 82.21 Take Profit= 71.56 | 66.50 | 59.72 Stop Loss= 88.07 Risk/Reward= 1:1.29 | 1:2 | 1:2.94 Expected Profit= +23.02% | +35.54% | +52.30% Possible Loss= -17.80% Fib. Retracement= 0.618 | 0.883 | 1.272 Margin Leverage= 2x Estimated Gain-time= 2 weeks Tags: #AVAX #AVAXUSDT #AvaxNetwork #AvaLabs #PoS #SC #DApp #DeFi #BSC #Gaming $WAVAX Websites: avax.network avalabs.org Contracts: #Mainnet #BEP20 0x1ce0c2827e2ef14d5c4f29a091d735a204794041 #AVAXC 0xb31f66aa3c1e785363f0875a1b74e27b85fd66c7
Short
by TradingOn
🔥DeFi Opportunity - STRONG Entering MAJOR Buy Zones🔥The StrongBlock protocol offers “Nodes as a Service” (NaaS) which allows you to create a full Ethereum and Polygon nodes in a few seconds with no technical expertise. You then get rewarded 0.9 STRONG per day. WHO & WHAT IS STRONGBLOCK? StrongBlock was the originator of NaaS projects and its main co-founder is David Moss who was the VP and Head of Development for Block.one the creators of the EOS blockchain (currently #57 on CoinMarketCap) before launching StrongBlock. The problems that StrongBlock solve are that nodes are an important part of decentralization yet almost all blockchains currently have too few nodes to be anywhere near decentralized and these lack of nodes also become a weakness in the strength of their blockchain. PATIENCE Patience has been the key for potential success in STRONG. StrongBlock has a fully doxxed team, a clear and strong roadmap and most importantly, they solve real world cryptocurrency problems. For these reasons, StrongBlock has the potential to become a major in crypto. You simply had to wait for the right time to enter to start earning your daily rewards, benefit from price appreciation of STRONG which will greatly reduce the time to recoup your initial investment and be able to purchase more nodes because the investment cost has decreased. BUY ZONES 🧨🧨🧨 After an extended period of price decline, STRONG has entered major buy zones. Currently STRONG is in Buy Zone 1 🔥 which is based on historical support & resistance ranges. This range is a good place to start DCA'ing (Dollar Cost Average) into STRONG. STRONG has the potential to go down into Buy Zone 2 🔥 which is a great zone for you to continue to DCA into STRONG. Zone 2 is where it will encounter some historical strong price volume activity which may become a floor to the price. If STRONG falls through this zone into Buy Zone 3 🔥 , then this is definitely a great zone to continue to purchase STRONG as it is in the $0-$50 range which is a new territory for the price but the fundamental strengths of the project remain, therefore a great buy zone to accumulate STRONG. ⭐ If you liked this content, please consider subscribing and giving it a Thumbs Up 👍. If you have any feedback or suggestions, please leave a comment below as I answer each comment. Namaste 🙏
SLong
by TheUnbounded
4
Yearn Finance: A World of Painthis is a "governance" token, with a paralyzingly high per unit value ($20,000 and up) the team has no regard for establishing traits to justify the YFI token to have any non-speculative value. solutions may involve: 1. revenue payments to YFI holders 2. token split - to normalize per unit price in context of other altcoin crypto assets 3. compensation of revenue per participation in governance decisions the software team building yearn finance are world class however the tokens are at face value nothing but monopoly bucks i see a massive dead cat bounce rally happening soon, followed by a very slow and painful 2022, and price never returning to the doorstep for $100,000
COINBASE:YFIUSD
by noam_chom
4
Impermanent loss challenges the claim DEFI Investors are often lured to DeFi by the four-digit APYs on offer, but in many instances, impermanent loss actually siphons away any potential profits investors might have accrued. Impermanent loss is one of the most recognized risks that investors have to contend with when providing liquidity to an automated market maker (AMM) in the decentralized finance (DeFi) sector. Although it is not an actual loss incurred from the liquidity provider’s (LP) position — rather an opportunity cost that occurs when compared with simply buying and holding the same assets — the possibility of getting less value back at withdrawal is enough to keep many investors away from DeFi. Impermanent loss is driven by the volatility between the two assets in the equal-ratio pool — the more one asset moves up or down relative to the other asset, the more impermanent loss is incurred. Providing liquidity to stablecoins, or simply avoiding volatile asset pairs, is an easy way to reduce impermanent loss. However, the yields from these strategies might not be as attractive. So, the question is: Are there ways to participate in a high-yield LP pool and at the same time reduce as much impermanent loss as possible? Fortunately for retail investors, the answer is yes, as new innovations continue to solve the existing problems in the DeFi world, providing many ways for traders to avoid impermanent loss. Uneven liquidity pools help reduce impermanent loss When talking about impermanent loss, people often refer to the traditional 50%/50% equal-ratio two-asset pool — i.e., investors have to provide liquidity to two assets at the same value. As DeFi protocols evolve, uneven liquidity pools have come into the picture to help reduce impermanent loss. As shown in the graph below, the downside magnitude from an equal-ratio pool is much larger than an uneven pool. Given the same relative price change — e.g., Ether (ETH) increases or decreases by 10% relative to USD Coin (USDC) — the more uneven the ratio of the two assets, the less the impermanent loss. DeFi protocols such as Balancer have made uneven liquidity pools available since as early as the beginning of 2021. Investors can explore a variety of uneven pools to seek out the best option. Multi-asset liquidity pools are a step forward In addition to uneven liquidity pools, multi-asset liquidity pools can also help reduce impermanent loss. By simply adding more assets to the pool, the diversification effects come into play. For example, given the same price movement in Wrapped Bitcoin (WBTC), the USDC-WBTC-USDT equal-ratio tri-pool has a lower impermanent loss than the USDC-WBTC equal-ratio pool, as shown below. Similar to the two-asset liquidity pool, the more correlated the assets are in the multi-asset pool, the more the impermanent loss, and vice versa. The 3D graphs below display the impermanent loss in a tri-pool given different levels of the price change of Token 1 and Token 2 relative to the stablecoin, assuming one stablecoin is in the pool. When the relative price change of Token 1 to the stablecoin (294%) is very close to the relative price change of Token 2 (291%), the impermanent loss is also low (-4%). When the relative price change of Token 1 to stablecoin (483%) is very different and far away from the relative price change of Token 2 to stablecoin (8%), the impermanent loss becomes noticeably larger (-50%). Single-sided liquidity pools are the best option Although the uneven liquidity pool and multi-asset pool both help reduce impermanent loss from the LP position, they do not eliminate it completely. If investors do not want to worry about impermanent loss at all, there are also other DeFi protocols that allow investors to provide only one side of the liquidity through a single-sided liquidity pool. One might wonder where the risk of impermanent loss is transferred if investors do not bear the risk. One solution provided by Tokemak is to use the protocol’s native token, TOKE, to absorb this risk. Investors only need to supply liquidity such as Ether to one side, and TOKE holders will provide TOKE on the other side to pair up with Ether to create the ETH-TOKE pool. Any impermanent loss caused by the price movements in Ether relative to TOKE will be absorbed by the TOKE holder. In return, TOKE holders take all swap fees from the LP pool. Since TOKE holders also have the power to vote for the next five pools the liquidity will be directed to, they also get bribed by protocols who want them to vote for their liquidity pools. In the end, TOKE holders bear the impermanent loss from the pool and are compensated by the swap fees and bribe rewards in TOKE. Another solution is to separate risks into different tranches so that risk-averse investors are protected from impermanent loss and that risk-seeking investors who bear the risk will be compensated with a high-yield product. Protocols such as Ondo offer a senior fixed tranche where impermanent loss is mitigated and a variable tranche where impermanent loss is absorbed but higher yields are offered. Automated LP manager can reduce investors’ headaches If all of the above seems too complicated, investors can still stick to the most common 50%/50% equal-ratio pool and use an automated LP manager to actively manage and dynamically rebalance the LP position. This is especially useful in Uniswap v3, where investors need to specify a range to which they want to provide concentrated liquidity. Automated LP managers conduct rebalancing strategies to help investors maximize LP fees and minimize impermanent loss by charging a management fee. There are two main strategies: passive rebalancing and active rebalancing. The difference is that the active rebalancing method swaps tokens to achieve the amount required at the time of rebalancing, whereas passive rebalancing does not and only swaps gradually when the pre-set price of the token is hit (similar to a limit order). In a volatile market where prices are constantly moving sideways, a passive rebalancing strategy works well because it doesn’t need to rebalance frequently and pay large amounts of swap fees. But in a trending market where price continues to move in one direction, active rebalancing works better because the passive rebalancing strategy could miss the boat and sit outside the LP range for a long time and fail to collect any LP fees. To choose the right automated LP manager, investors need to find the one that suits their risk appetite. There are passive rebalancing strategies such as Charm Finance that aim to earn a stable return by using a wide LP range to reduce impermanent loss. There are also passive managers such as Visor Finance that use a very narrow LP range to earn high LP fees, but are also exposed to more potential impermanent loss. Investors need to select automated LP managers based on not only their risk appetite but also their long-term investment goals. Although traditional equal-ratio LP profits could be eroded by impermanent loss when the underlying tokens move in very different directions, there are alternative products and strategies available for investors to reduce or completely avoid impermanent loss. Investors just need to find the right trade-off between risk and return to find the best-suited LP strategy.
BITSTAMP:BTCUSD
by monicaagrizzi9
FARMUSDT, We are in support zone areaHello everybody This analysis has been updated at your request, dear ones. According to chart and previous analysis, the correction exactly done and the price drop from 215$ to 90$ at this time because of the heavy bought and move upwards in sharp candle, the price made support zone area and we expect that the price can rise from here to reach to the target that we shown on chart. But guys, becareful because the market is unstable and everything can be happen and PUT YOUR STOP LOSS BELOW THE SUPPORT LEVEL LOWER THAN THE LOWER SHADOW OF HAMMER CANDLE. If you have question ask us Good Luck Abtin Previous analysis :
Long
by Abtin00
6