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Erc20

LINK (ChainLink) Weekly Trade Follow Up. BINANCE:LINKBTC has lost the gains it has made on the first half of January. We are now retesting the 4-year long trendline that has held as strong support after reversing off of the 0.236 Fib line above. We did anticipate such a move in preparation for higher highs. However, we haven't yet gotten confirmation that LINK will not break below the strong support. The current weekly candle is only one day old. Zooming in to the daily, we don't see signs of reversal either. It is crucial to see a bullish pin bar (hammer candle) before setting up for re-entry. The stop loss will be just below the 3600 Satoshi support line. Breaking that line signals that LINK is too weak to surpass the recent high of 0.236 Fib. Current market volatility makes this trade risker than usual. Therefore, lower capital should be allocated on it. The reason is that I would not be surprised if during this week, price breaks below 3600 Satoshi and rebounds back to 4500 Satoshi above the rising trendline. Summary: If you're not holding a position in LINK, then wait for reversal signal. If you are holding a position, then set a generous stop loss below 3600 Satoshi and reduce your position such that the loss is manageable. You can always re-enter this trade after we see reversal. Remember that our target is at 16k Satoshi in May or July. It's better to enter with more confidence even if you waste the perfect entry. Good luck
Long
by TechNerdOmar
DAILY POST (1/1) - CRO TA (REPOST)- This is a repost of my previous post that got taken down because I was "not respecting the house rules" - sorry for the inconvenience caused. - See for yourself if my scenarios worked out ! I think that we could see CRO straight up again or make another dip and then recover, I personally believe the second option an I am going to invest. Its moves are also depending to the course of bitcoin . - - - !! Planning on going LIVE on YouTube every evening during next week !! - I'll drop more info later - based on cycle and log spike support/resistance lines --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️ Stay updated for more content Have a nice Day : ) Bye! ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by xtekky
2
ETH Looking Extra Bearish!ETH has clearly broken out of the parallel channel shown and is looking more bearish as the days go by. I've marked on the chart the next support zones to pay attention to. These zones would be the best areas to look to go long. You can also consider a short but with a tight stop in case of a bullish push from the whales. Let's see how this will play out in the coming days. Do you think inflation is playing a role here? Do you think there will ever be another bear market... if so are we currently in one? Let me know your thoughts below. Love it or hate it, hit that thumbs up and share your thoughts! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice.
by rnaofs
$DEFI/USDT 1h (Binance Futures)Falling broadening wedge breakoutDeFi Composite Index looks good for bullish continuation after regaining 50MA support. More information about Decentralized Finance tokens on www.binance.com Current Price= 2365.6 Buy Entry = 2369.3 - 2343.5 Take Profit= 2444.6 | 2518.6 | 2616.1 Stop Loss= 2282.6 Risk/Reward= 1:1.2 | 1:2.2| 1:3.52 Expected Profit= +22.44% | +41.28% | +66.12% Possible Loss= -18.76% Fib. Retracement= 0.618 | 0.786 | 1 Margin Leverage= 6x Estimated Gain-time= 1 week
Long
by TradingOn
MFI/WETH good place to buy and hold for possible 10xI've been dca'ing into MFI/WETH since 2m mrkt cap and I think this one does at least a 10x from here, maybe more once eth and avax runs up and profit taking trickles down into these low cap gems. Against usd, ATH was $3.93 back in April, down 81%. Easy 10x IMO/E. 100x isn't out of the question either. MFI allows staking with very high APR (25% so far) on Marginswap, and the platform itself has a pretty good functioning protocol that I have used with no issues. Bond lending, staking and borrowing and trading on margin. I've played with both erc20 and avax on here. marginswap.finance 0xaa4e3edb11afa93c41db59842b29de64b72e355b
WLong
by weneedcrypto
KUCOIN SHARE LONG TERM BUY OPPORTUNITYKCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future. KuCoin has also announced that “Empowering KCS'' will be a key priority of KuCoin and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. In the long run, KCS performs as the key to the entire KuCoin ecosystem. With the development of DEX and KuChain, KCS will also be the underlying fuel and general token for future KuCoin decentralized products. More details will likely be released in the near future. KCS Bonus is regarded as one of the best ways to get passive income. Users who hold more than 6 KCS can get a daily dividend, which comes from 50% of KuCoin's daily trading fee revenue. KCS Bonus is a unique incentive mechanism for KCS holders and KuCoin ecosystem builders. The amount of rewards that users can get depends on the number of KCS held and the trading volume of the KuCoin Exchange. Besides being paid out as a dividend, KCS, as a utility token, is also used to pay for trading fees on the KuCoin Exchange, allowing users to enjoy discounts of up to 80%. The use case of KCS also includes participation in the token sale on KuCoin Spotlight, as well as LockDrop/BurningDrop on the Pool-X platform. But this is not all, as KCS tokens also serve a series of other purposes on the platform. For instance, KCS holders can become KuCoin VIPs and users no longer need to have a huge BTC trading volume to unlock the reduced maker and taker fees. KCS can also be used as a payment method for shopping, making hotel reservations, buying gaming equipment, and more. The KCS initial supply was set at 200 million. KuCoin and the KCS team are buying back KCS from the market and burning them every quarter. The amount of KCS to be burned depends on the quarterly trading volume of the KuCoin Exchange. So the circulating supply of KCS is decreasing and will eventually settle down at 100 million. TOKEN ANALYSIS The cryptocurrency sector linked to exchanges in the form of utilities is enormously rosy, the best known case is BNB (Binance Smart Chain) , that from a quotation of a few cents of dollars has reached $ 700 in the space of a few years. Should we expect the same thing for all other exchange-related utility tokens? No. Although the utility tokens of exchanges have excellent fundamentals, as they find concrete use within an ecosystem it is not certain that all tokens can appreciate over time. In fact, I remind you that the BNB has developed its own blockchain while tokens such as KCS have been developed with Ethereum smart contracts (ERC-20), not bringing any kind of innovation from a technological point of view. It is good to remember this when evaluating our investment. Kucoin is a young exchange, born several years after Binance and still has many news to reserve in the future, most of which concern Kucoin Share Token. This token has a volatility of 99%, so take this into account when deciding how much capital to dedicate to this investment. Observing the price trend, we cannot fail to notice that unlike the previous bullish peak of 2017-2018, today the price is structuring, creating a totally different trend from that of a speculative bubble. In analyzing this asset we can assume that its nature of generating a passive return, of creating incentives for holders on their exchange, added to the burns that will decrease the availability of total tokens, can contribute to a dizzying growth in the price in the medium / long term. If we analyze the blockchain, in fact, we can see that over 95% of investors have blocked their tokens for over 2 years. This means that if medium / large capital should enter the KuCoin price could see a strong bullish push. Not that it can be positive in the long term for this token, which according to my forecasts will be able to surpass all-time highs in the coming months. At the same time it is a very risky investment not suitable for beginners. I recommend entering the market with different positions split over different time periods to mediate the impact of volatility and decrease the risk of the transaction. A good price range on which to enter this market is contained between 9$ and 15$, a temporal take profit of at least 3 years and a stop loss in case the price breaks down the trendline. Remember this is not investment advice but just my market opinion!
Long
by UnknownUnicorn25541012
1
HEX DistributionThis idea will be labeled as bearish but it should it be noted upfront that I am bullish.. just not at this immediate moment. But I am closely watchful due to the fact that HEX has bullishly engulfed and formed what might be a tweezer bottom candlestick formation on the 4 hour time frame, which are technically seen as reversal patterns. HEX seems to print these formations a lot as it did similarly just over a week ago before running up 60% to all time highs. And now we find the asset in the process of doing it again should this bullish engulfing 4 hour candle close confirm. It is this reason that although the price action is getting rejected currently by my .236 fib level, as well as below a bearish downward sloping trendline that has been serving as resistance since the top, I am watching closely. Also, the first important critical area of resistance sits just inches over the current price's head and could therefor be smashed through any moment. Likewise, a rejection can occur and send the price bearishly wicking right back to the downside. Unfortunately, these things are also why I must mark this idea as bearish and warn against any immediate longs until at MINIMUM the price breaks back above the red .236 fibonacci level I have labeled and ultimately break the bearish, red downward sloping distribution line that has kept the price under water since its peak a few weeks ago.
Short
by TradeVibez