Crypto Market Update 8.24.2021 Part II - AltcoinsIn this continuation, I talk more about the broader market, and include brief analysis for Ethereum, Cardano, NEO, XLM, UNI, and DOT.
This is not financial advice! This is meant for speculation and entertainment only. Thank you for watching.
-Victor Cobra
Nft
WEEKLY - Momentum is down and we might be further shorts.EURUSD took a major swing point liquidity which when this happened i was looking for buys, however looking into next week we see price action is being pull towards the next major low. I will be looking for london manipulations and continuations in New york sessions. Keep your analysis simple.
TVK BTC 200% potential growth in front of us ! looks promising. , everytime it dipped that much ( around 50 percent down) It made nice mad gains, + this crypto is used for rare NFT collections.)
GL
NFA
Is ILV the new AXS?If ILV reaches the market cap of AXS, it will be worth $6,100! So if we build a stack of ILV to hold for the long term during this pullback at the low of 310, we could even get almost a 20X out of it, if we are patient and don't sell it for at least a couple of months The amount of gas in this tank is very promising. Maybe you only think it can reach half as much as AXS but that's still a solid 10X you are looking at.
So how do we figure that price will pull back here to reach our buying target and give us this amazing setup to 20X our money? We are using the elliot wave theory which states that wave 4 will break the channel made by wave 1, 2, and 3 99% of the time to the downside. It also tells us that the 0.5 retracement of wave 3 is the best spot for the bottom of wave 4 to occur. So that creates our high-probability buy signal area, and we can set alerts here to purchase it. Sadly it's not listed on any exchanges, so we will need to keep a close eye on it as price approaches the level. The correction for wave 4 is likely going to end sometime between the 24th and the end of the month, so that means we are probably gonna be waiting a couple weeks.
This is a trade for the patient wolves who will wait, wait, wait, wait, wait, and wait some more, and then finally pounce and eat the sheep up.
This is a great token to buy and hold. DYOR.
SLP - Risky - Not the best logic, but it is SLP
(0.1703 - 0.169) Key points based on a previous bull run
0.18758< Long Take Proft
0.1666 < Stop Loss
I have reviewed it at 4hr but simplified it to a 30-minute chart.
I think a larger stop limit would need to be in place to allow for the full potential take profit.
Rebounding well from oversold indicators.
Could - potentially signal a swing and a cheap entry.
50/50 Personally I have entered but kept my SL AND TP at 1:2
Just a bloke putting some lines on a chart - Take it or leave it based on your own TA :)
Best of luck :)
OPEN LONG POSITION ON SAND/USDTSAND is an amazing NFT and it is a good time to get your hands on it.
Expecting SAND to move 10% to 20% from the current price.
Accumulate between $0.623 to $0.642
Stop Loss at $0.606
Target 10% to 20%
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this trade.
Do like and comment your thoughts.
Penguin Pump MapPenguin Pump Plan, The NFT Bubble continues...................................................................................................
Mega Bullish On Harmony One - Proposal To Deploy CRVI have been mega mega bullish on harmony one, there is some news today that harmony is proposing a deployment of curve finance on harmony one.
You can read through here -
gov.curve.fi
In addition to this there are several upcoming projects along with the potential for coinbase to list them and the btc bridge bugs getting worked out. We have broken the .10 area and from here there isn’t a lot of resistance overhead, because harmony is such a new project they are still being priced in by traders. We are still early, only 1 billion market cap and what better way to add more value then to add another project like CRV to harmonys ecosystem. There will be many more in the future, just based on the current ETH Fees, and sentiment toward more centralized networks like matic, harmony $one is a NO BRAINER!
$ERN Pamp coming soon!$ERN Pamp coming soon! - Cup & Handle - New Partnerships - More celebs - More NFTs - Credit Card onramps - First price target is 20-22.
AXS - sucsess is having a restThis is my AXS working chart for trends.
The pattern is repeating.
BTC is a factor, but AXS has been self supporting. HOWEVER, if BTC and ALTs take a nose dive, AXS will dip.
Next move - I suspect a small sharp rise/fall/rise/fall and more consolidation before once again rising fast (Subject to BTC activity).
BIG NEWS - in case you missed it, Axie Infinity achieved $1 billion
One article "Ethereum-based NFT game Axie Infinity has hit a record $1.1 billion USD in sales, setting a new record for the highest-grossing NFT project ever. The game recently made headlines by helping rural Filipino communities weather unemployment during the pandemic through its play-to-earn model.
The active user base for Axie Infinity has grown exponentially from just over 108,000 daily active users in June to more than a million daily active users today. Data from DappRadar indicates sales of nearly $780 million in the last 30 days alone, with more than 1.4 million individual transactions."
AXS has a great future as a spot HODL and for futures long.
Not financial advice - DYOR
On a side note, check out IOTX - research the project and people involved. It's on Binance (if you don't have an account, use this referral accounts.binance.com )
So far, I have bought 80,000 coins and plan on getting more. I am 400% up and expect 10005 by September sometime.
TVK gearing up for another 5 waves UPIt's pretty self explanatory really..
My reasoning:
- clear EW counts
- strong prior volatility with volume
- near 45% correction from last high
- held 0.618
I'm targeting 0.65+ for this next wave.
Trade safe, manage your risk, take profits.
TCP/USDT - The Crypto Prophecies (Kucoin) Cup & HandleTCP/USDT breaking out of cup & handle pattern. Looking bullish at the moment. #nft
Use the green lines (resistance zone) as Targets.
This is not financial advice and please DYOR. place stop loss below the red line (support zone)