Breaking: $DELAY Set for 100% Surge After Days of Consolidation$DELAY, the first memecoin-focused Layer 2 blockchain built on Ethereum, is making waves with a potential 100% price surge. After a week-long correction, the token’s chart patterns and technical indicators point to a bullish breakout, making it a key player in the crypto market.
Technical Outlook
Since its launch on November 14, 2024, $DELAY has experienced an incredible 30,000% increase, showcasing its immense potential. However, after hitting its peak, the token underwent a correction phase. Now, technical indicators suggest a strong bullish setup:
- Symmetrical Triangle Pattern: On the 2-hour chart, $DELAY exhibits a bullish symmetrical triangle pattern, indicating a potential upward breakout.
- Relative Strength Index (RSI): Currently at 47, the RSI provides ample room for upward momentum, reinforcing the bullish thesis.
- Key Support and Resistance Levels: Immediate support lies at $0.000000380, with resistance at the 38.2% Fibonacci retracement level, marking critical zones for traders to watch.
- Trading Volume: The daily trading volume of $DELAY stands at $83,609.69, a 4.10% increase over the past 24 hours, signaling renewed market interest.
Why $DELAY Stands Out
$DELAY isn’t just another token; it’s an innovative Layer 2 solution tailored for the memecoin market. Built on Ethereum, it combines speed, security, and accessibility to revolutionize trading. Here’s what makes $DELAY unique:
- Fast and Cost-Effective: With transaction fees below $0.001 and up to 50,000 transactions per second (TPS), $DELAY ensures seamless trading experiences.
- AI-Driven Security: Advanced AI algorithms detect bots and snipers, offering users informed investment decisions while mitigating scam risks.
- Fiat On-Ramp: Users can purchase memecoins directly with credit cards, bridging the gap between traditional finance and blockchain.
- Telegram Mini-App Integration: With over 1 billion users on Telegram, $DELAY’s mini-app aims to onboard a massive audience to its platform.
Market Performance
-All-Time High: $0.000002382 (recorded on November 28, 2024), currently 73.56% lower.
- All-Time Low: $0.0000004278 (recorded on November 15, 2024), currently 47.19% higher.
- Market Capitalization: $3,020,725, ranking #2877 on CoinGecko with 4.8 trillion tokens in circulation.
Why $DELAY is Poised for Growth
The consolidation phase and the current technical setup create an ideal environment for a bullish breakout. As the first memecoin-focused Layer 2 blockchain, $DELAY is positioned to capitalize on the growing demand for innovative, secure, and user-friendly crypto solutions. Its AI-driven approach, low transaction costs, and unique integrations make it a standout in the Ethereum ecosystem.
Conclusion
$DELAY’s blend of strong technical signals and groundbreaking fundamentals positions it as a top contender for traders and investors. With the potential for a 100% surge, $DELAY is not just a token but a glimpse into the future of memecoin trading. As always, conduct thorough research and monitor market trends to make informed decisions.
Stay updated on $DELAY’s progress and explore its platform to be part of this revolutionary journey.
Delay
POTENTIAL EXPLOIT: Aussies in trouble.The 4H position on the AUS200, could be an advantagious exploit for a controlled affordable loss.
1 - The Aussies tend to follow the DJI and USTech 100.
2 - But there is usually a time lag of between 30 mins and 2 hours.
3 - The DJI did a major leg down but the Aussies barley flinched after a major bull run yesterday.
I've seen it many times, where they catch up after that delay. Then they panic.
As the DJI could be moving south from the base of a head and shoulders pattern (see my posts), then if the Aussies follow south and panic - it could be a nice exploit. Remember your risk controls please.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Diamond Top followed by smaller continuation diamondlookin' like we have hit our smaller continuation diamond target but not yet reached the 10.6k range to hit our larger diamond top target yet. We can see price is currently finding support exactly on the 2hr 200ma. Recently had a 1hr deathcross and that coupled with the ETF delay FUD is probably just enough of an excuse to send prices back down...our 3 day 50ma is currently sitting right around 8k and climbing fast so if gapboys are gonna hav their drams of he 8.5k gap getting filled this is one of the last time windows to pull i off considering that the 3 day 50ma tends to be massively reliable support during bull markets and price is highly unlikely to close a candle below it. Only way I could see bc closing a candle below the 3 day 50ma a his point and/or flipping it to solidified resistance is if the bull market is already over which is highly highly unlikely but not impossible, if that's he case then all the elliot wave doomboys may actually be right but for now I doubt it
Significant delays for New Age Beverages Corp.Technical Analysis:
- Support: 4.92; 5.47
- Resistance: 5.71; 5.96; 6.30
I would recommend a SL: 5.96 and a TP: 3.52
- MACD: Short
- RSI: Short
- Momentum: Short
- OBV: Short
Fundamental Analysis:
Head Line: "CBD-Infused Beverages, Delayed Indefinitely"
"It is unlawful under the FD&C Act to introduce food containing added CBD or THC into interstate commerce , or to market CBD or THC products as, or in, dietary supplements, regardless of whether the substances are hemp-derived. This is a requirement that we apply across the board to food products that contain substances that are active ingredients in any drug.”
FDA didn't changed its opinion after the Farm Bill at 20th December -> CBD infused products are still illegal
Consequences: "The company will face significant delays and reduce guidance in 2019"