DEFI
$SPELL token potential loading area for a reversal...$SPELL token is an interesting DeFi project that has landed on almost every major exchange in a short amount of time. Binance just announced listing too in late December. The chart doesn't have much history but from what we can see this area looks like prior support which will create a higher low and new base if it turns. We can also see this is the spot it has turned every time using RSI as the key indicator. I would assume this is the sweet spot for programmed Algos to flip to the buy switch. Let's see how this plays out. Lots of movement so a great one to trade.
$AVAX/BTC 4h (Binance Spot) Bull flag on supportAvalanche is accumulating and looking ready for bullish continuation after bouncing back on 200MA.
Current Price= 0.0017913
Buy Entry= 0.0017917 - 0.0016917
Take Profit= 0.0021484 | 0.0025481 | 0.0030662
Stop Loss= 0.0014697
Risk/Reward= 1:1.5 | 1:2.96 | 1:4.87
Expected Profit= +23.35% | +46.30% | +76.05%
Possible Loss= -23.12%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 4 weeks
Websites: www.avax.network www.avalabs.org
Contracts:
#Mainnet
#BEP20 0x1ce0c2827e2ef14d5c4f29a091d735a204794041
#AVAXC FvwEAhmxKfeiG8SnEvq42hc6whRyY3EFYAvebMqDNDGCgxN5Z
Aurora Chain OR Aurora Smart Contract? Weird but okay..So i found something odd or at least odd to me.
I was searching in the low to mid cap coins for an opportunity to buy something extremely low on discount.
I found aurora chain. It met the parameters i was looking for which were as follows:
7 day price action % DOWN (25% or more)
24 Hour Price Action % UP (5-10% or less)
Market Cap between 15 and 40 million
24 hour daily trading volume to be signigicantly higher than other coins around the same market cap.
I couldn't find any information on Aurora Chain's website that linked anything about being an Ethereum Virtual Machine (EVM)
I even tried to download the whitepaper from their site and the download read "failed no file" .
Most of the articles dating back even to 2018 were lack luster and lots of fud and disbelief in the project and lots of discouraging talk around the community behind the project and the marketing/enthusiast back ground vs a grounded in the more technical side of a successful DEV team.
My first thought is that they were taking the "rome wasn't built in one day" mentality and a few years after launch and people forget.....boom.
The socials for Aurora Chain haven't been super active. I was eventually able to find the white paper via google on whitepaperdatabase.com and it did specifically mention being EVM compatible. So i'm honestly buggered with the question. two coins same name. similar purpose....whats the link? Maybe there isn't one and the traffic we're seeing come into this project is an unexpected result of people buying the name "AURORA" instead of doing the due diligence to figure out that this Aurora is not the same aurora that is partnered with near as far as my research can tell.
On a technical analysis level on the charts though in this video. I break down how (even without knowing or understanding any of the fundamentals going into play behind the scenes) How you could have picked up on the signals of whale accumulation at the right price point. which was totally virtue signaling for a strong bullish rally to the upside.
The markets are sentiment driven.
Sentiment = DEMAND OR LACK OF
Price is a direct result of Demand VS SUPPLY
Market cap is only a byproduct of the demand and supply and momentum.
IF the demand is high due to sentiment
market cap will follow. as will price action.
There seems to be some underlying demand for this coin. To be seen . a pending 20x would not suprise me.
WIll be monitoring this project (BOTH AURORA and AURORA) very closely in 2022
Keep Stacking It
NOT FINANCIAL ADVICE. ENTERTAINMENT.
THANK YOU
-Kevin
Does the slide start from $123 or $174?I believe $123 is a better candidate for the slide and the $30 is a better target than $10.
crab harmonic pattern:
X=$323
A=$0.069
AB=0.38 XA
BC=0.88 AB
1.6 BC=$10.18
2 BC=$30.13
0.78 XA=$53
2.24 BC=$59.6
0.88 XA=$123
2.6 BC=$174
1.13 XA=$967
3.6 BC=$2987
1.27 XA=$3210
1.41 XA=$10295
4.23 BC=$17286
1.6 XA=$59623
FTM RELATIVE STRENGTHFTM is a very good Layer 1 Blockchain and I believe it is very undervalued with high TPS and low transaction fees.
Highly scalable with a great ecosystem and staking rewards. This one has huge growth potential in 2022.
Very good spot buy area on the chart.
Not Financial Advice.
Predictions! 2022 for #HEX #Crypto My predictions for the performance of HEX this year.
Will we see hundreds of Multiples? Most probably not.
But I do feel we will see multi dollar HEX this year.
And for many thats all you need to change your financial fortunes, consistent wealth building year over year is the dream ticket.
Don't forget many people have been discouraged by high #Ethereum fees to enter #defi
And also remember many new Richard Heart tokens in 2022 will be funnelled back into the best store of Value I know of.
BALUSDT : Short opportunity with good risk:rewardBalancer is again at the secondary lower trend line of resistance. Bitcoin also seems to be week on the 4h time frame, there is high probability of getting a rejection here and show some correction.
Also, the risk reward is also in our favor, I'm opening a futures trade for this short and hoping to either get stop loss or Target hit by tomorrow.
Please, leave a like if you like the analysis.
surging of BitShares is near?crab harmonic pattern:
AB=0.61 XA
BC=0.38 AB
tp1=1.6 BC=$0.49
tp2=2 BC=$0.93
tp3=2.24 BC=$1.4
tp4=2.6 BC=$2.65
tp5=3.6 BC=$14
tp6=1.6 XA=$20
Crypto Total DeFi Market Cap Setting Up To Push HigherWhile we didn't get the 'DeFi Summer' that many expected, things appear to be heating up in DeFi right now, going into 2022.
The Crypto Total DeFi Market Cap chart in TradingView here is showing bullish signals both on the daily candle (which is sitting nicely on the uptrending 21 day EMA, which I call a 'Rocket on the Launchpad') -- but also our custom indicators are showing an upswing in DEFI projects right now.
We created an 'Early Reversal Indicator' which correctly called the mid-summer low on July 21st and also the September 30th lows. While it's not 100%, as with anything, the nuances are everything.
Our 'Trend Indicator' is also printing a fresh 'Bell' signal, which indicates a longer swing trend is setting up (5-7 days or longer).
Should be interesting to see if we do see DeFi push higher here as one of the newest leading sectors of 2022.
Let me know your thoughts below!
#HEX backtested legacy H&S neckline. Met 35cent target for 2021.Now potentially forming a right shoulder of a larger INVERTED Head & shoulders bottom / continuation
SACRIFICE phase is live right now PulseX for donations to a upcoming airdrop of Uniswap (#UNI) best rates are available up to Jan 10th
expect volatility as we have seen today due to Whales moving the price around to suit their needs and secure their sacrifice position
which lends credibility to a potential inv Head and shoulders and target of new Highs for March