Get started

DEFI

Market Analysis and UNI Coin Technical Analysis🔍The market has not yet made the sharp move we expect in the coming days, but I recommend keeping a close eye on the chart. The volume is very low, and the market could start its upward move in the next few days. 📆Coin of the Day: UNI (Uniswap) About the Project Uniswap is a decentralized exchange (DEX) project that allows users to trade cryptocurrencies in a decentralized environment without the need for identity verification. Additionally, because it is a decentralized exchange, anyone can become a liquidity provider and earn fees from the trades conducted on the platform. 🧩Technical Analysis 4-Hour Timeframe After the previous analysis, where I mentioned that breaking 8.226 could lead us to the target of 10.521, we saw this happen as the price not only reached but surpassed this target, hitting a peak of 11.733. Currently, the market is in a correction phase, and we have retraced to the 0.382 Fibonacci level. Given the increasing volume of red candles, we might expect further correction to the 0.618 Fibonacci level, which overlaps with 9.806 and could even reach 9.028. 📊Volume Analysis The volume of red candles is increasing, indicating a strong bearish correction phase. If the correction continues, it could reach the 0.618 Fibonacci level or even 9.028. 📈Trading Positions Long Position Entry Trigger: Break above 11.733 Target: 13.338 Confirmation: A break above 54.02 on the RSI could confirm the entry of bullish momentum into the market. Short Position Entry Trigger: Break below 9.028 Target: Short-term targets can be determined based on lower timeframe analysis. Confirmation: A break below 40.35 on the RSI could confirm the entry of bearish momentum into the market. For scalping, a short position can be opened on the current red candle, but it is recommended to move to lower timeframes for better precision. 🔑Key Levels Support: 9.028, 9.806 (0.618 Fibonacci level) Resistance: 11.733, 13.338 Main Trigger for Short: 6.768 (although it is currently far from the price, it is important to note for future analysis) 📝UNI is currently in a correction phase after a significant upward movement. Traders should watch key support and resistance levels and use volume and RSI indicators to confirm entries. Long positions should be considered above 11.733, while short positions should be approached with caution, potentially entering below 9.028 for a safer setup. Always keep an eye on market volume and RSI for confirmation of the trade direction. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
MANTA - FAKEOUT FROM DAILY TRIANGLE PATTERN ! MANTA Network (MANTA), a privacy-focused DeFi project, has recently exhibited a bullish breakout that suggests significant price appreciation in the coming weeks and months. The token broke out of a descending triangle pattern, signaling a potential trend reversal and a surge towards its all-time high of $10. Deceptive Breakout and Liquidity Sweep: MANTA's price action initially appeared to break down from the triangle pattern, reaching a low of $1.70. However, this move was likely a deceptive maneuver to shake out weak holders and accumulate liquidity at lower prices. The subsequent sharp reversal and breakout confirmed the bullish intent behind the price action. Liquidity Imbalance as the Only Hurdle: With the triangle breakout successfully executed, the primary obstacle to MANTA's upward trajectory lies in the form of a liquidity imbalance around the $2.20 to $2.50 price range. Once this imbalance is absorbed, MANTA is poised for a unimpeded run towards its $10 target. MANTA Network: A Privacy-Focused DeFi Solution: MANTA Network is a decentralized finance (DeFi) protocol that offers privacy-preserving solutions for lending, borrowing, and stablecoin issuance. Its unique privacy features address a critical need in the DeFi space, where transparency can sometimes expose users to financial risks and identity theft. Key Features of MANTA Network: Private DeFi Transactions: MANTA utilizes zk-SNARKs, a zero-knowledge proof technology, to shield transaction details, protecting user privacy. Decentralized Governance: MANTA is governed by its community of token holders, ensuring a transparent and democratic decision-making process. Diverse DeFi Products: MANTA offers a range of DeFi products, including a privacy-preserving lending protocol, a stablecoin issuance platform, and a decentralized exchange (DEX). Conclusion: MANTA Network's recent breakout from the descending triangle, coupled with its strong fundamentals and privacy-focused approach, positions it as a promising investment opportunity in the burgeoning DeFi sector. With the liquidity imbalance around the $2.20 to $2.50 price range as the only significant hurdle, MANTA is well-poised to embark on a significant upward trajectory towards its $10 target and potentially beyond.
Long
by Yaroslav_Krasko
📈Daily Cryptomarket Analysis : DYDX Trading Strategies 🛎🪄🔍Let’s dive into today’s analysis. Yesterday, Bitcoin had another upward movement, reaching as high as 72,000 but failing to stabilize above that range. It is currently resting around the 71,000 mark. Besides Bitcoin, Ethereum also saw significant growth, pumping 18% due to rumors of an Ethereum ETF approval. Several altcoins related to the Ethereum blockchain also saw a surge, including UNI, which I analyzed previously. I’ll include the link to that analysis in the description for those interested. 💵Today, we’ll analyze DYDX, a coin I’ve covered twice before. The first time was for a spot trade, which hit the stop-loss, and the second time was for futures. In that analysis, I mentioned that if DYDX faked a support break and re-entered the box, we could expect an upward movement. I’ll include the link to that analysis in the description as well. 🔄The previous trigger for DYDX was a short-term resistance at 2.075, which was activated yesterday but didn’t generate much momentum. Currently, there is no resistance until 2.302, and DYDX could move towards that level. However, given Bitcoin’s dominance and current consolidation, other altcoins are also likely to rest. 📈The next long trigger for DYDX is at 2.302. However, be aware that the main resistance is at 2.433, and the price might get rejected there. So, if you plan to open a position after breaking 2.302, volume confirmation is crucial. RSI entering the overbought zone increases the probability that the 2.433 resistance will also be broken. In this scenario, you don’t need to scalp and close quickly but can hold your position for higher targets like 2.815. 💣If the market turns bearish again and you want to open a short position, the 2.075 level can be a good trigger, but only if it’s tested multiple times. This helps establish a reliable trigger point. Note that the 2.075 level was a trendline break trigger and now acts as resistance rather than support. Ensure the price tests this level multiple times to confirm it as a short-term support before relying on it. 🧩The main short trigger is at 1.935, but keep in mind that this support has been faked once before. I prefer to wait for another test to establish its precise level. 📝To summarize, Bitcoin and Ethereum have shown significant recent movements, impacting related altcoins like DYDX. While Bitcoin rests, other altcoins may also consolidate. For DYDX, watch the 2.302 level for a potential long entry, but ensure volume confirmation and RSI conditions before holding for higher targets. For short positions, the 2.075 and 1.935 levels are crucial, but multiple tests are needed for reliability. Always approach trades with thorough analysis and be prepared for market fluctuations. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96
3
📈Analysis of NOT Coin: Lessons and Strategies💥🔍Let’s dive into today’s analysis. Today’s analysis is a bit different from the others, as we will focus more on the fundamental aspects of this project and have a discussion with those who participated in this project and managed to cash out. The meme coin we will analyze today is NOT, a project that generated a lot of hype for a long time and even led to significant growth for the Telegram blockchain. The coin of this blockchain, TON, also experienced substantial growth. The greatest benefit of this project was not to itself or the participants, but rather to the TON blockchain and Telegram company, which by distributing NOTCOIN to their users, brought over 30 million users into the TON network. Now, there are many people worldwide who have entered the blockchain space through NOT. ✅You might think that after the profits made by Telegram and its blockchain, the second group to benefit were those who earned through the “tap to earn” mechanism. But if you do a rough calculation, you’ll see that, at best, you made $100-200 from this project. Consider the number of days and hours wasted for that money. Think about how much you’ve worn out your phone screen or even whether your finger bones are the same as they were before all that tapping, or if in the future you might develop conditions like arthritis. Instead of all that tapping, you could have worked at McDonald’s for a week, wasting less time and making more money. Or perhaps it would have been better to spend those six months learning a new skill. I promise you would have made more money in the long run because this money you earned now won’t significantly impact your life, but a skill like trading, Photoshop, or programming could have a much greater impact on your future. 🔑Even if you were among the professionals in trading or DeFi who understood this space, you could have predicted that with the hype of the project, TON would also rise. It would have been enough to follow daily analyses to use the entry points given for TON, allowing you to be up by nearly 140%. After making this profit, you could have created a TON-NOT LP when NOT was listed on DEXs, earning additional profit from swapping and trading TON and NOT. I promise that if you had done this, you would have profited more than from all that tapping, because I did it myself and earned more than many people who farmed NOT. Always be aware of what other opportunities hyped projects can bring you. Remember, projects that yield the highest profits are often those that the general public is unfamiliar with. If you want me to introduce you to some of these projects, ask me in the comments, and I will respond to each of your comments. 🤔Now, after all this discussion, let’s move to the chart to see what the best option is if you have farmed NOT or worse, bought NOT. First of all, if you bought NOT without using it in the DeFi space, you need to make significant changes to your purchasing strategy. Buying a basket of altcoins is not like shopping for groceries. For each altcoin purchase, you should research the project with patience, and only invest in one out of a thousand t-shirts you see, as you would with Gucci. So, if you’ve made a purchase without a goal, you need to change your buying strategy as I mentioned. For those who farmed, I have two methods you can use depending on your situation. If the money you earned from NOT will significantly change your life, don’t waste any time and sell your tokens now to make that change. But if selling the tokens won’t make much difference in your life and will just get you a good dinner or something similar, I suggest you explore the TON blockchain and see what you can do with that money to earn passive income. 📈Technically, there isn’t much data on NOT, and we don’t have many charts, but as you can see, after breaking the descending triangle, it has reached the first target of the triangle and is now resting. The trigger for shorting is 0.005194, and the trigger for longing is if it breaks 0.005651 and RSI also breaks 43.53. However, if I were you, I wouldn’t open a futures position on this meme coin because it doesn’t make sense, and we don’t have enough data to get reliable triggers from it. 📝In summary, while the NOT project brought many users into the TON blockchain and generated significant hype, the actual financial benefit for individual participants may have been minimal compared to the time and effort invested. It’s crucial to consider the broader opportunities that such projects can bring and focus on developing skills that offer long-term benefits. Strategically, if you hold NOT tokens, evaluate whether selling now can make a significant impact on your life or if investing them within the TON ecosystem for passive income might be more beneficial. Always stay informed and approach altcoin investments with thorough research and a well-defined strategy. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
Long
by itsparham96
3
De.Fi - a complete undervalued projectDe.Fi launched end of January 2024 their token, but they aren't complete beginners. Starting with their smart contract checking tool they are in the market since 2020. Quote from de.fi "De.Fi (DeDotFi) was founded during the DeFi Summer of 2020 by a group of DeFi natives with just two goals in mind: make DeFi a safer and more convenient space for everyone. During three years of development, the De.Fi team has grown to 50+ team members worldwide. We work daily to build life-saving products for DeFi investors around the world. The De.Fi team has created Crypto’s First Antivirus - the most advanced security system in the crypto space, as well a range of other products including our crypto wallet tracker, NFT portfolio tracker, REKT Database, Audit Databases, the largest multichain dashboard/APY aggregator, and more. " "The De.Fi SuperApp is an ultimate gateway to web3: it includes the biggest DeFi tracker that supports 45+ blockchains, 8+ centralized exchanges, and 450+ protocols, as well as the largest DeFi yield farming APY aggregator, that tracks live and historical data of 10,000+ LPs and Vaults on 300+ DeFi protocols. The DeFi dashboard by De.Fi is the most convenient way to track your multichain positions & balances: simply create a bundle of all your DeFi wallet crypto addresses and exchange accounts, and track your whole crypto portfolio in 1 place." Let us see where their journey goes
KUCOIN:DEFIUSDTLong
by coinwide
📈GAL Coin Analysis: Potential Long and Short Opportunities💎🔍Today is Monday, and as mentioned yesterday, the market tends to experience reduced volatility on holidays, making it advisable to refrain from opening new positions and take a break instead. Despite the minor fluctuations seen in the market today, none of the triggers were activated for initiating positions due to the limited volatility. ⚡️In today's analysis, we will focus on GAL coin, associated with the project Galexe, a decentralized platform facilitating interactions between projects and their communities, enabling distribution of airdrops, rewards, or NFTs seamlessly. The GAL coin has experienced a significant uptrend, especially driven by its growing website and collaborations with new projects. Currently, on the weekly timeframe, GAL is consolidating, while on the 4-hour timeframe, a downward trend is evident. ⏳In the daily timeframe, a descending trendline indicates a bearish bias, but considering the bullish nature of GAL on the weekly timeframe, a new uptrend may be underway, potentially impacting even the daily and weekly structures positively. The trigger for confirming this trendline is at 3.872, which may take considerable time to materialize. 📈From another perspective, recent candles breached the support at 3.33 but failed to establish below it. Following a brief consolidation around 3.124, the price reversed upwards, indicating a possible fakeout of the support. Typically, after a fakeout, re-entering the range can lead to a move towards the range high. Therefore, we can consider seeking long positions. The primary resistance for initiating this new uptrend is at 4.829, although the current price range is between 3.33 and 3.872. Since the support at 3.33 has been faked, and the price returned within the range, we can expect it to reach 3.872. Hence, a reliable trigger for long positions is at 3.447, which coincides with the POC (Point of Control) in the fixed range volume profile, suggesting significant selling pressure in that area. If buyers manage to absorb the selling pressure and establish above this level, it indicates their strength, providing an opportunity to join the uptrend. ✨Moreover, the breakout of the RSI resistance at 54.49 can further confirm the bullish momentum. However, it's essential to note the low volume of the bullish candles, indicating weak buying pressure. Therefore, entering long positions requires caution due to the high-risk nature of the trade. It's advisable to enter smaller timeframes like 1-hour or 15-minute charts with a tight stop-loss and aim for a quick risk-to-reward ratio of 2. 📉For short positions, the bearish trend offers a more straightforward approach. The weakening bullish momentum is evident from the decreasing size of the upward candles, indicating diminishing buying pressure. A critical level for short positions is at 3.447, where a small range box formation on lower timeframes can provide a favorable entry point. Managing short positions can be approached in two ways: setting a small stop-loss with a risk-to-reward ratio of 2 or 3, or waiting for the breakdown of the support at 3.124, depending on the market conditions. 📝In conclusion, GAL coin presents potential opportunities for both long and short positions, but traders must exercise caution and adapt their strategies according to the market dynamics. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
G
by itsparham96
CAKE: Repeating Patterns or a Bullish Reversal?CAKE, the native token of the PancakeSwap decentralized exchange (DEX), has a history of forming and breaking trendline support levels, creating a pattern of potential reversals. This pattern raises the question of whether CAKE is poised for another downward move or a long-awaited bullish breakout. Historical Pattern of Trendline Breaks: January 2022: CAKE broke below a trendline support level in a manner resembling a bearish flag pattern, suggesting a potential downtrend. April 2023: CAKE once again broke below a trendline support level, reinforcing the pattern of potential bearish reversals. Current Price Action: CAKE is currently testing a critical support level, forming a pattern similar to the previous trendline breaks. This raises the crucial question: will CAKE follow its historical pattern and break down once more, or will it defy expectations and initiate a bullish reversal? Bullish Reversal Indicators: Despite the bearish trendline breaks, there are indications that CAKE may be poised for a bullish reversal: Accumulation Phase: CAKE has been accumulating within a defined range, suggesting a potential buildup of buying pressure. Positive Sentiment: The PancakeSwap DEX continues to attract users and generate volume, providing a fundamental basis for potential price appreciation. Conclusion: CAKE's price action presents a compelling scenario for both bears and bulls. While the historical pattern of trendline breaks suggests a potential bearish continuation, the accumulation phase and positive fundamentals hint at a possible bullish reversal.
by Yaroslav_Krasko
GameFi: Top Sector for 2024 with Huge Potential🚀🚀🚀The GameFi sector, a fusion of gaming and decentralized finance (DeFi), has emerged as one of the most promising areas within the cryptocurrency landscape. This sector has gained significant traction in recent years, attracting both gamers and investors seeking exposure to innovative blockchain-based applications. What is GameFi? GameFi revolutionizes traditional gaming by introducing play-to-earn mechanics, where players can earn rewards in the form of cryptocurrencies or non-fungible tokens (NFTs) for their in-game activities. This integration of blockchain technology into gaming ecosystems creates a new paradigm where players can monetize their time and effort, fostering a more engaged and ownership-oriented gaming experience. Top 5 GameFi Projects with High Growth Potential in 2024: Immutable X (IMX): A layer-2 scaling solution for the Ethereum network, Immutable X focuses on enhancing the user experience for NFT-based games. It offers gas-free minting and trading of NFTs, making it an attractive platform for game developers and players alike. Price Prediction: I anticipate a sweep of local lows and a retest of the $1.4 level, followed by a potential surge towards $5. Floki Inu (FLOKI): A dog-themed meme coin with a strong community and a focus on developing a decentralized gaming metaverse called Valhalla. Floki's price action has exhibited consistent retests of its ascending support line. Price Prediction: I expect the third retest of the trendline to be a fakeout, leading to a downward move to capture liquidity below. Gala (GALA): A blockchain-based gaming platform aiming to create an interconnected ecosystem of games and NFTs. Gala has formed a significant liquidity pool beneath well-defined lows while simultaneously establishing lower highs (without sweeping liquidity above). Price Prediction: I anticipate a sweep from below to initiate a more accelerated upward trajectory. Axie Infinity (AXS): A pioneer in the GameFi space, Axie Infinity gained immense popularity in 2021. The project features a unique gameplay where players breed, battle, and trade Axie creatures, represented by NFTs. Price Prediction: I expect a retest of the 0.5 imbalance level and the $4.6 price point. Illuvium (ILV): An open-world fantasy RPG built on the Ethereum blockchain, Illuvium combines immersive gameplay with NFT ownership and play-to-earn mechanics. The project has gained significant traction in recent months. Price Prediction: I anticipate a fakeout breakout at the bottom of the bearish flag pattern, followed by a swift upward movement. The GameFi sector presents a compelling investment opportunity in the dynamic cryptocurrency market. The integration of gaming and DeFi offers a unique value proposition, attracting both gamers and crypto enthusiasts. The projects mentioned above, each with their distinct features and growth potential, are worth considering for those seeking exposure to the promising GameFi landscape.
Long
by Yaroslav_Krasko
2
Aleph.im $Aleph.im #Aleph.imIMO Aleph.im is currently one of the most slept on projects that has made it through the last bear and still continues to build and has all the right narratives for this cycle. not only is it defi storage but they are also using A.I. and there are rumors of them doing some things in the RWA scene possibly later. If you look at the mkt. caps of the other file/data storage projects that it competes with you'll see that it is still very cheap IMO. I think that this can easily do a 10x in this cycle and i find it great for day trades and swing trades. It makes overly dramatic moves often and if you have conviction in your buying as well as the overall thesis it makes buying the FEAR easy and comes with great rewards often. I've seen this thing do 40-120% gains in a day often and it just keeps paying me. The levels are clean and easy to trade. Even set limit orders for buying and selling and let it make you $ while you sleep and or are at work. I think that it could easily be back into the 30-40 cents ranges over the next week and if we do get a sell-off in the overall markets ill be watching for new lows to buy myself.
COINBASE:ALEPHUSD
by rarebreed29
📈 Elevate Your Portfolio with Synthetix (SNX) - Long Awaits!Hello, fellow traders and blockchain enthusiasts! Today, I'm diving deep into the undercurrents of the crypto sea to fish out a gem—Synthetix (SNX). But before we set sail, let’s anchor down on some recent trends and data analytics that signal a wave of potential profits! 🌊💸 Current Landscape and Analyst Insights on Synthetix (SNX) Recently, Synthetix has been bustling with activity, especially with the launch of Synthetix V3 on the Base network. This upgrade introduces significant enhancements such as increased liquidity provider limits, up to $21.92 million USDC, and an enriched user experience with better incentives and transaction fee structures. Here’s what you need to know: Governance and Community Engagement: Synthetix is actively engaging its community for governance decisions. For example, to participate in the PYTH governance distribution, users need to actively participate through the Synthetix Discord by April 22nd. This shows Synthetix’s commitment to decentralized decision-making. V3 Launch and Liquidity Impacts: The recent shift to Synthetix V3 on the Base network has successfully increased the liquidity cap and introduced a system where users can earn transaction fees and LP incentives by providing USDC collateral. Diving Into Data: The Big Picture Hold on to your hats, because the winds of change are blowing! Recent analyses using sophisticated big data tools have surfaced some compelling indicators: Transaction Value Native: Recently hit a trough at $3,232.41. Historical data suggests that such lows are often followed by significant price surges. 📉➡️📈 On-Chain Metrics: Indicators are in a downturn. However, don't be misled—this is when the magic happens! Past patterns show a potential median price increase of a whopping 43.89% over the next month. Mark your calendars! 📅 Such a configuration of data previously marked 22 similar historical episodes with a staggering 87% of those signaling an upswing post-condition met. Cyclical Surge: Timing is Everything And guess what? SNX is just revving at the bottom of its composite price cycle. This isn't just a quick sprint but a marathon with the cycle projected to rise through July. Ready, set, go long! 🏁 Targets: Entry Point (Long Position): Leverage the low transaction value native and on-chain metrics downturn as entry signals. Target Prices (TP) and Stop Loss (SL): TP: $4.0108 🎯 SL: $2.1757 🛑 Price Predictions for Upcoming Periods Based on the current analysis and market cycles: 1 Week: $2.9748 2 Weeks: $3.2584 1 Month: $3.9659 3 Months: $8.6669 6 Months: $10.8558 To Conclude: Why Ride the Synthetix Wave? High historical hit rate and accuracy Consistent relationship between observed drivers and market movements Attractive risk-reward balance with minimal drawdowns So, why wait? Dive into the Synthetix tide and let the currents guide you to profitable shores. Let's catch this wave together—follow for more deep dives and treasure troves! P.S. Don't forget to subscribe to this ideas flow right now😂
BINANCE:SNXUSDLong
by WealthRay