$RNDR AnalysisSupport turned into Resistance occurring on RNDR chart. Strong Breakthrough resistance, Now waiting for breakthrough long term downtrend. Will buy over $4.
RNDR great project, is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Their project is likely to be rendering projects in the metaverse.
Metaverse
SAND head up to upper line of channel📊 #SAND/USDT
$SAND dropped to support zone as determined in last analysis, and now head up to touch upper line of parallel channel.
🐮 break out from upper line of channel will increase price to $5.2
🐻 rejection from upper line will drop price to support zone around $2.8
Minor retrace to support?This chart reviews how we got to where we are today. The Inverse H&S reached its target then dropped to the Fib .382. I put my buy at the .5 Fib. slightly panicked, all for not. From last week's low to the .382 Fib, a new baseline has been drawn. MANA has formed a symmetrical triangle and broken out and is forming a smaller one now. There could be a short-term trend change forming in a bearish ascending wedge (BLUE) that would have a target, not coincidently, at the RED support line. I am keeping an eye on 3 moves.
1. breaking the upper BLUE line and continuing with the ascending channel...or failing and returning to RED line, wherever that may be.
2. breaking the lower BLUE line, finding support at the lower GREEN ascending channel and continuing higher.
3. breaking from the small triangle that is forming with a target of $2.50, which, not coincidently, lines up with the center of the GREEN ascending wedge.
4. This is not financial advice.
SAND Sandbox: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for The Sandbox (SANDUSD).
The chart is self-explanatory. Price and RSI have been moving upwards and broke out of resistance areas. The price is in the 0.618 Fibonacci Retracement area where a Dead Cat Bounce may be possible. If it keeps moving upwards, be careful with the 0.786 Fib level where there is prior resistance as well as Ichimoku Cloud and EMA ribbon resistance. If price and RSI come back for a re-test and successfully re-test the line along with Volume support, that would be bullish.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Ichimoku Cloud, Volume, Fibonacci Retracement, EMA Ribbons, and Simple Moving Average.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin Daily TA : 01.29.22 : $BTCWell , as you can see the price is still in the important resistance range that I mentioned in the previous analysis, the first scenario is still strong rejection from this zone and drop to lower levels , targets are $ 35,500, $ 34,000, 31,800 $ And $ 30,300, and if these two last important supports breaks , the next target will be $ 28,800. The second scenario is much less likely (But Still Likely) that the price break 40K X-Point range and consolidate above 42K , The first major target will be $ 50,800 .
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 29.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
VRA ready for moreWe’ve caught nice support at my first simplistic line. Seem to be that meta verse is ready
Gala in the 2nd wave till $0.25crab harmonic pattern:
X=$0.493
AB=0.61 XA
BC=0.38 AB
1.6 BC=$0.23
0.78 XA=$0.25
2 BC=$0.304
0.88 XA=$0.343
2.24 BC=$0.362
2.6 BC=$0.477
1.13 XA=$0.738
3.6 BC=$0.983
4.23 BC=$1.54
1.41 XA=$1.77
1.6 BC=$3.42
Instead of bleeding,MANA is slowly nursing it's way back, one step at a time. The small triangle that just broke has a 13.5% price target which corresponds with the top of the ascending channel.
HIVE above long term support#HIVE/USDT
$HIVE is trading above long term ascending support and price is below descending resistance break out from this resistance will increase price to $1.2 and breaking out from $1.24 will lead price to touch resistance zone around $1.6
but break below ascending support will drop price to $0.5 and $0.32
Ready for an EPIK move?if you haven`t bought EPIK before it made 800%:
then you should know that EPIK Prime is consolidating at its strong support area.
The cryptocurrency was oversold and now is heading to its first short term price target, $0.30.
As see this accumulation area as a great buying opportunity!
SAP SE (SAP.de) bearish scenario:The technical figure Descending Triangle can be found in the German company SAP SE (SAP.de) at daily chart. SAP SE is a German multinational software corporation, that develops enterprise software to manage business operations and customer relations. The company is especially known for its ERP software. SAP is the largest non-American software company by revenue, the world's third-largest publicly-traded software company by revenue, and the largest German company by market capitalisation. The Descending Triangle has broken through the support line on 28/01/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 26 days towards 100.00 EUR. Your stop loss order according to experts should be placed at 125.32 EUR if you decide to enter this position.
SAP said on Thursday it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group seeks to expand its presence in supply-chain financing and working capital management. SAP, said it was looking at opportunities in the ‘metaverse’ - virtual online worlds where people can work, play and socialize.
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Process of Elimination...Mana moving up!Yesterday MANA was showing three potential paths upwards, all ascending channels. Now we can eliminate the Blue and Pink channels, left with the green. WARNING: Should MANA hit $2.04 before rising to $2.28ish, I am keeping an eye on a Head and Shoulders pattern that would have a target back down in the $1.80's. Kinda hopeful for that because it would make a great trade...but not financial advice because it would be, in my opinion, a very risky trade. So, I have alerts set at $2.05 and $2.25, will reassess when one of them goes off. My hunch is that there seems to be enough support, leaving wicks on lower time frames, at the bottom of the channel (around $2.10 at the time of this analysis). Good luck. The Fed. seems inconsequential for the month ahead. BTC is still flirting with the $35k range.
Cardano Signal for HODL : 01.27.22 $ADAAll the important levels of support and resistance are marked on the chart. In this analysis, we will identify good entry points for you so that you can buy in these ranges when the market falls further .
📊 First Entry Point : $ 1
📊 Second Entry Point : $ 0.70
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 27.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Dogecoin Daily TA : 01.27.22 $DOGEAs you can see, the price is in a strong Bullish OB range , and if it can maintain this Support zone , it can rise to higher levels above 20 cents and try to break its downtrend. The next important support is 0.885$ (Good to buy :))) )
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 27.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
SANDUSDT ShortMetaVerse trend has been in a strong downtrend. 4H trend looks to be reset with a sweep of the previous highs and rejection. 4.5 RR play. I am cautious though with FOMC we could see a lot of volatility. Personally not going to take any positions until later tonight.
MANA in the 2nd wave till the end of Januaryit is on the $3.51 support but has the potential to lose this support. it could have a fake break of $2.3 to $1.6. the fake break of $37 is possible in the 3rd wave till $60.
crab harmonic pattern:
X=$6.48
AB=0.38 XA
BC=0.38 AB
1.6 BC=$1.61
2 BC=$2
2.24 BC=$2.36
2.6 BC=$2.97
0.78 XA=$3.51
088 XA=$4.68
3.6 BC=$5.47
4.23=$7.98
1.13 XA=$9.4
1.27 XA=$14.11
1.41 XA=$20.94
1.6 XA=$37
Inverse Head & Shoulders or ?...MANA is completing an Inverted Head and Shoulders pattern with a price target of +15% (around $2.44). It should follow the Green ascending channel as it makes this rebound. It won't make up for the recent tank, but at least it is in the positive direction. Will it hold? We shall see. If MANA doesn't break out as the pattern indicates, I assume it will continue consolidating between an ascending channel between $1.87 and $2.30 as seen in the Blue ascending channel (or finding support around $2.07 and consolidating between that and $2.20 as shown in the Pink channel). Keep an eye on the 50MA in relation to the 100MA...they're beginning to flirt a little bit with only 1.8% separating them. We do not want to see them cross over on the daily chart. On shorter time frames, this relationship looks a lot better. Since there has been an extended downtrend, it is only natural that the 50MA and 100MA are getting so close. MACD looks fine and of course, the Stoch RSI is rock bottom, which indicates less selling pressure.
In the end, it all comes down to BTC. BTC is not forming an Inverted H&S but is moving in a positive direction. I am keeping an eye on BTC breaking $39k. Should BTC get rejected there, besides the normal resistance, BTC will continue forming a bearish ascending wedge, giving BTC a return to the $31k range, undoubtedly dragging the market with it. Sit tight as finding support at $29-$31k is healthy and has been expected for several months. Should BTC break $39k, the next level to break is big @ $42k. I would actually prefer to see BTC test $35250ish first, creating more of an ascending channel versus trying to break out of an ascending wedge. This isn't financial advice. Good luck. Also note that MANA will sometimes break away from BTC for short periods so this short-term potential 15% increase may not be affected should BTC explore $35k. That being said, what BTC does between $29k and $31k will definitely affect the overall market. If BTC bounces, so will MANA, if it loses its footing at $29k, I anticipate MANA dropping to $1.25 or even lower to around $0.95. Again, not financial advice, just what I am reading from the chart for a potential short-term recovery, including an equally realistic path to lower numbers.
PYR- Buy zone I'm so bullish on PYR-
And that’s because Vulcan Forged isn’t just your run-of-the-mill gaming studio. It’s a gaming studio 2.0 complete with a fully-fledged DEX, NFT marketplace, and a place to create, collect and sell NFT art.
Compared to the all-time-high of $44.82 achieved a few months ago, being able to pick up some PYR in the $2-$7.50 region could be an excellent opportunity. When things do eventually go up,I expect things to bounce hard. There’s simply too much going on to ignore here!
$ZIL long term prediction$ZIL have lot of potential, in technical and fundamental. i think it will be good to hold for next few months
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ERIC 5G METAVERSEERIC is gapped up this morning, got filled yesterday during the downturn at a ridiculously low bid, & was up well before market close. As you can see the daily chart is what's used, it was easy to see the turning point on volume looking for swing trade type positions. ERIC is expected to give earnings today & is expected be positive. ERIC has huge upside potential as a Metaverse 5G play. Its low price and huge infrastructure make it perfect to capture the developing metaverse market. Ericsson may not be a "leading" metaverse brand like Facebook, but it's going to grow in the background as it provides the actual bandwidth for the metaverse. This is called the picks & shovels method. Watch this space for MACRO & supply chain plays. Please like & share this post if you want more content like this. *NFA, DYOR Please check the ERIC prospectus before investing real funds*
