2CRZ critical region 2 breached; potential consolidation period2CRZ finally had a major increase in volume yesterday after about 2 months of meager price action, in which it moved from a high of $0.1033 down to a stable trading range of $0.03 to $0.022.
A reversal occurred yesterday, peaking at $0.085, after an 80% breakout to $0.0625 8 hours prior.
The breakout pattern on the chart was identified prior to it's 55% increase, but the price couldn't sustain above the $0.0635 level.
In all honesty, I'm personally a fan of the core idea behind this project, though I question if the team can get the job done efficiently.
A few things to note regarding the coin:
- Only upon the coin hitting a 100% gain on the day did the team begin to tease news, eventually sharing that they partnered with an e-sports franchise, also paying two former NBA players (Nate Robinson and Mario Chalmers) to post identical uncommitting, copy-and-paste tweets about the coin which was met with zero enthusiasm by their followers, and made the project appear pretty pump and dumpy.
- Correlating with the previous idea, their price actions seems to heavily rely on teasing secret news on twitter (creates small uptrend), followed by the release of the news (often met with a price retracement -- besides the news from last night, which relied heavily on the successful price action of that entire day)
Anyway, if the team can continue to establish good connections with professional athletes in E-sports and other realms, expand their listings on exchanges, then they should definitely be a coin to keep an eye on regarding quick growth, and the price action of recent points toward a nice entry point, hanging right above bottom level of resistance (I believe around 68% retracement from it's stable high of yesterday, 100% of peak).
Please let me know how you feel, if you agree, or i'f I'm totally 100% off and should stop immediately -- I've just started doing this lol.
Thanks
Kucoin
BUY/USDT MOON INCOMING Burency Global is ready to take off now. It has bounced from support. Activity has increased, we will see more fireworks from this exchange token. See group for signal
Double bottom reversal @blockchain_maneHuge double bottom reversal
once this thing starts moving it's going to be hard find good entry
I might just dca into this one
uptrend @blockchain_manebull pennant
lots of potential
just looking for a break/retest/volume confirmation
Looking to break resistance @blockchain_maneascending triangle directly under resistance
fibs as targets on larger time frames
KCSUSDT TRENDLINE BREAKOUT!!Kcsusdt Just Break The Strong Resistance Trendline Also Cup And Handle Breakout Is Here.
U Can Also Buy Some Kcsusdt Bcz A Good Buying Zone Is Here.
Always Take Trade With Proper Risk Management.
What Is Cup And Handle Chart Pattern?
A Cup And Handle Is A Technical Chart Pattern That Resembles A Cup And Handle Where The Cup Is In The Shape Of A "u" And The Handle Has A Slight Downward Drift. A Cup And Handle Is Considered A Bullish Signal Extending An Uptrend, And Is Used To Spot Opportunities To Go Long.
What Is Trendline?
A Trend Line Is A Bounding Line For The Price Movement Of A Security. It Is Formed When A Diagonal Line Can Be Drawn Between A Minimum Of Three Or More Price Pivot Points. A Line Can Be Drawn Between Any Two Points, But It Does Not Qualify As A Trend Line Until Tested.
Stay Blessed.
WEEKLY $KDA $KADENA 80$WEEKLY $KDA $KADENA GO TO THE MOON SOON BEST BLOCKCHAIN
$KDA is a sleeping giant get used to seeing these names together $ETH $ADA $SOL $BNB
@KadenaCommunity
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@CryptoTemplars
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NFA
KCS/USDT Breakout of large consolidation wedge. 50$ next?Intro:
- KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase.
- Often times Coins are listed earlier on KuCoin than on other major trading plattforms.
- The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors.
Daily chart:
- Price shows an upwards breakout of the very large consolidation wedge.
- Volume starts to rise but very slowly. We have much room to grow here.
- RSI analysis shows that we are moving upwards alongside the yellow line. We take a look at the 80line which is considered the border to the overbought territory.
- Support lines are at 9$ and 6$. The borders of the wedge can act as support as well.
- Resistance lines are at 14.2$ and 19.5$.
Expectation:
- We expect to see further price appreciation until the end of this year. KCS has to close the distance to its main competitors.
- The 14.2$ resistance should not hold that long. Once we break it 19.5$ is next.
- End of year prediction: We will see a 50$+ KuCoin before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
NEAR/USDT BreakoutSpotting a breakout in NEAR/USDT for the Binance and Kucoin exchanges. RSI still has room to continue trending up. This has potential to reach 11 USDT range if the breakout continues and BTC stays bullish or stable. A stop loss would indicate that the token has broken below support. See group for more details. Enjoy
update weekly moonriver go to the moon soon 1000$Weekly moon river go to the moon soon 1000$ #$MOVR
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trade.kucoin.com/MOVR-USDT
$MOVR Stats
October, 19th 2021
Average Block Time: 12.9 Seconds
Total Transactions: 3,115,156
Total Blocks: 754,787
Wallet Addresses: 135,650
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UNO/USDT Possible ContinuationUNO/USDT gave a lot of profits already from our previous chart. It not looks like it can consolidate some in the bullish channel it broke back into. If so it can eventually break up and test the top of the channel within the 0.50 -0.60 USDT ranges before recovering heavily. I drew in a likely scenario on the price chart and RSI if UNO was to continue. Currently nuetral until motors have cooled off before next leg up. Stop loss is violation of channel.
TRIAS GEMTrias the 2021-2022 bull gem and will go parabolic !!!
just look at that fractals + fib !
A lot of crypto news will follow this after it pumps to the targets on display
CXO/BTC HedgeHedging against BTC as it is approaching a resistance. We can LADDER ONLY entries here and at lower supports. This is not an overnight play. This will take several trades to accumulate and achieve. Patience will be rewarded in this. Look in group for BTC plan of action as well. Enjoy my friends