LTCUSDT is testing the daily resistance 🦐LTCUSDT is testing the daily resistance above the weekly support. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Nft
$MBOX to 0.00028 SATI believe the bottom is in as it made a HH and HL in 4H charts.
My proposal is 0.00028 SAT as binance launchpad is 7 days to end.
Time frame: 1-2 weeks
$SAND retracement? I think that $SAND is potentially a good investment in case $BTC remains bullish scenario before huge correction.
- 1D RSI shows hidden bullish divergence
- We retraced about 40% from ATH price and I suppose at least one bounce back to those levels is possible, but I don't think that we'll make new ATH
- The price strongly stays in the middle of the pitchfork which at least suggests the continuous uptrend movement
But since we are forming a rising wedge in the 1h timeframe, my thoughts are that we are going to drop down to the trendline and penetrate it to collect Stop-Losses. So in case we don't fixate under the trendline, the uptrend movement is highly likely. In that case the perfect entrance point is around 0.64-0.69$.
Possible targets:
0.75 -> 0.88 -> 0.92 -> 0.95 -> 1.2
Stop-loss: 0.6-0.605
It is not a financial advice. Do your own research. These are just my personal opinions.
Good luck.
ETH - WE REPEATED THIS PATTERN IN 2017! | CRASH MAY NOT BE OVER!Analysis
Price action is following a similar pattern to 2017 where there was a hefty consolidation after an insane price surge
Price this year had surged to over $4000 in a short time frame which resulted in an over 60% crash to $1600
This crash was to the 61.8% fibonacci retracement, just as the previous 2017 cycle had crashed to
Following the 2017, mid-cycle crash, price formed an ascending triangle which lasted around 6 months before continuing the final surge to end the bull market
Similarities between current price action and 2017's price action leads me to believe that something similar may act here again
Price has already crashed after failing to print a new ATH as it couldn't break through this resistance
This may lead to further consolidation and ranging which could form some sort of ascending triangle like 2017
Price action in 2017 did the same as it failed to break past the previous ATH at that point and retraced to the 61.8% level
Thus, insinuating that we may crash further from here and all the way to the 61.8% local fibonacci level
Conclusion
Price action has largely followed the 2017 mid-cycle consolidation phase before resuming the bull market
As a result, this suggests that something similar may occur, but not guaranteed, meaning consolidation has yet to finish
Short Term: Price is expected to crash further to, at most, the 61.8% fibonacci level
Mid Term: Price is expected to consolidate in an ascending triangle like formation, winding before finally breaking the $4000 level and off to new ATH's
Long Term: Price is expected to resume the bull market to new all-time highs in the region of $10,000+
SAND Investment Analysis 07-09-2021 by TheSocialCryptoClubGood evening everyone!
We present an analysis on the SAND asset.
Fundamentals :
For those who don't know, SAND is a token related to the world of NFT Gaming and will be used to buy and sell items, land and more in the SandBox Game metaverse.
The gaming industry was one of the few that held up very well during the corona crisis, and the rise of play to earn games is totally changing the gaming paradigm around the world.
SandBox is a very interesting project, with a solid structure behind it, a populous universe of gamers, game makers and asset creators since before the project was launched.
As seen with Axie Infinity (AXS) this could be a great medium to long term investment opportunity.
The long term outlook remains always bullish even in view of the release of the game, of which many major players in the crypto world, for example Binance , ATARI , Square Enix , have already purchased multiple lots of land in order to create levels of the metaverse and consequently have a return linked to the amount of players who will play it.
Technical Analysis :
As we can see the token has suffered, like the rest of the sector, a steep decline due to the May dump.
Recovering thanks to the news on the game, we can see that a definite ascending channel was formed with the formation of a triangle that was broken towards new highs.
Currently we are in price discovery and it is not advisable to start an accumulation plan, but as visible from the volumetric profile, it is possible to identify a new POC in formation.
Below it there is a strong volumetric gap that could lead the price towards the retest at the base of the channel coinciding with the break out levels of the triangle.
If this does not hold we could return to the levels of the previous poc.
Also the CryptoFall indicator confirms that these levels are important for the price right in the area between 0.382 and 0.618.
This area could be interesting for a series of equidistant orders of small equal amount to make a well dosed accumulation plan on the depth of an eventual retracement.
Thanks for your attention and happy to support the TradingView community!
SOLANA TO THE MOON!Greetings TradingView!
Breaking all time highs seems to be Solana's walk in the park. Up 142% since August 26th.
Solana has managed to outperform XRP, the second-biggest gainer within the top 10 in the last 24hrs.
This is mainly attributed to Solana being one of the fastest blockchains in the world and there is a growing interest in the the NFTs on the platform. Furthermore, its also a contending player in the DeFi space.
Happy Trading!
ALTUS
An Eco-System Is BornI have been long awaiting the launch of Efinity
I can't attest to what will happen with price action in the short term, but long term ENJIN and its surrounding ecosystems are posed to take over the NFT and Gaming crypto space.
Do your own due diligence and research into what ENJIN is building here with launch of Efinity and Jumpnet.
Small piece of information pulled from the Efinity whitepaper:
"The Enjin JumpNet blockchain allows users to execute transactions for free. In order to offer this, JumpNet imposes a series of limits against each address on the network.
By holding EFI on JumpNet (referred to as "JEFI"), users will be able to increase their JumpNet transaction limits. For every 100 JEFI* a user holds on JumpNet, their limits will be doubled (up to designated limits)."
ENJIN chart linked below in related ideas.
As Always,
Good Luck And Safe Trading.
$MBOXMBOX could bounce from here after touching the box from fib 0.618 and old ATH wick.
Time to catch a falling knife I guess.
CURATE - NFT tokenNext NFT token.
CURATE is market place for NFT without any aditionl fees. Total suply is only 8,500,000!!!
This project has a very bit potential.
ATH - 16USD
ALT - 0,8USD
Volume is growing in these days, so it's good time to entry.
Targets - 7,1 - 10,5 - 15 - moon:)
Trade without SL, use small position.
DOT-USDT (Breakout)Polkadot is currently in the Parachain Rollout (Final) phase of its Blockchain development. As parachains get tested and optimized on parachain testnet and Kusama, Polkadot governance can rollout parachain slot lease auctions. As the parachains get live on the network, Polkadot will be officially launched.
Polkadot has been conducting various webinars to spread awareness about Web 3.0- a step to educate its community about the potential entrapped in its technology. With the Smart Contract platforms gaining enormously, DOT is also exhibiting signs of strength in its price action.
On the Daily Time Frame, DOT has given a Breakout from the level of $28. The breakout signifies a prominent move to the upside that may unfold in the coming days.
The support to the lower side is present at $28.2 while it may face resistance at the level of $38 followed by $42
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OGN-USDT (Breakout)Origin Protocol is built with the vision to bring NFTs and DeFi to the masses. The protocol is backed by some prominent institutional investors such as Blockchain.com Ventures, Hashed and Pantera Capital. The team includes serial entrepreneurs- Founder of PayPal, early employees at YouTube, and engineering managers at Google and Dropbox. The expertise of the team along with the backing of these institutional giants helps us to understand the potential of the project to scale tremendously.
Origin has built its product- NFT Launchpad with the launch of a secondary marketplace planned in their Roadmap. They have currently integrated with the Polygon network to expand their audience base by allowing them to buy more accessible NFTs. The building momentum in the value-driven NFT project coupled with the adoption of the Polygon network is set to scale OGN to new highs.
On the Daily Time Frame, OGN has been consolidating at the level of $1.20 which has previously acted as the Resistance level. It looks well set to trigger a Breakout at the current levels. The support to the lower side is present at $1.04 while it may face resistance at the level of $1.85 on the higher side.