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Pricediscovery

RENDER LongRender is currently experiencing volatility as it undergoes price discovery. Despite recent fluctuations, the chart continues to align with a long-term upward trend line, indicating sustained bullish momentum. After a recent dip, Render saw a soft bounce but will require significant buying volume to challenge resistance levels. Render appears to be in a favorable position for long-term investment. A continued upward trend is expected, with potential gains likely in October. Support - $5.16 Resistance - $5.90 RSI - Neutral Fear & Greed Index (Binance) - Neutral 49 ( as of 10/8/2024)
KRAKEN:RENDERUSDLong
by LOWCO_487
Render (RNDR) & NVIDIA AI Conference With the rise of Artificial Intelligence , many projects are looking to capitalise on the massive potential that AI promises. One of those projects is RENDER , the first decentralized GPU rendering platform launched in 2017, the Render network is built to provide a platform for a wide array of computation tasks - from basic rendering to artificial intelligence - which are facilitated swiftly and efficiently in a blockchain-based peer-to-peer network, free from error or delay, while ensuring secure property rights. Nvidia is a Tech company that focuses on production of high end graphics cards and is a world leader in Artificial Intelligence computing with a Market cap of 2.25 Trillion Dollars. Nvidia are holding an AI conference 17-21 March, one of those talks is a talk on "production rendering on GPU" on the 20th March. I would predict that Render could get a mention as the RNDR network is integrated into Nvidia Omniverse, the VP of Nvidia Omniverse is also an advisor to RNDR, so could we see any further ties between the two companies? If so I think this would propel an already well performing coin that has recently entered into price discovery. Fib targets after the breakout are shown o the chart and these are the areas to be interested in. I am not ruling out a retest of the break above the previous ATH however with the momentum that we are seeing I think this retest could come a much later stage. With RNDR's MCap of $3.6B there is no reason why this project shouldn't break into the top 10 at some point this cycle, currently this would mean a 4.85x to displace SHIB at 10th place double that again if you compare to SHIB ATH MCap. This project is just getting started. All eyes on the Conference, I could see this potentially being a sell the news event as these things often are, however that would just open up a buying opportunity for DCA or long term holding.
R
by ProR35
3
🚀 SEI Price Discovery and Upside Potential! 📈💹📊 Analysis: Price Discovery: SEI is in "price discovery" mode, testing the $0.77 - $0.83 support area. Laddering In: Planning to add to the position in this support area. Upside Potential: Anticipating further upside over the next few weeks. 📈 Trade Plan: Ladder In: Between $0.77 - $0.83. Targets: Aiming for targets at $0.96 - $1.00. Stop Loss: Set just below the white support line, slightly below $0.70. 🌐 Note: Keep a close eye on market dynamics and adjust strategies accordingly! 🚀📊 #SEI #PriceDiscovery #TradePlan 📉📈
Long
by Richtv_official
$LDO - Lido long idea 20Period SMA relcaimlooking around today for things that haven't popped off yet, and i think $LDO has a chance. Its had a nice little consolidationbelow 20 period SMA on the H4 and reclaimed it giving us a clear invalidation level to put our stop below. for the target I've used a bit of classical charting for a bull flag pattern measuring the length of the "flag pole" and placing that at the breakout level, its all just guess as LDO is currently in price discovery, so could go a lot further, i will prob hold for while on this if i don't get stopped out entry 2.6 stop 2.28ish target 3.5ish follow me on the twitter website
FTX:LDOPERPLong
by disgruntled
KADENA WILL ENTER PRICE DISCOVERY! UNDERVALUED PROJECTHello Traders! Today we will consider the trading pair KDA/USDT First-off, from a fundamental point of view, Kadena is a solid project with appealing Use Cases Launching one of the world's first scalable ready for application, Public braided blockchain, Delivers Security & throughput, with a mission to unite public applications, private blockchains, and other interoperable blockchains in one place, driving traffic to the high-bandwith computer at the heartof the Kadena public blockchain. Ohh, Forgot to mention it processes more transactions per second than solana. 480,000 transactions/second compared to Solana's 2,777 all thanks to it's braided chains. Moving to the Technical Aspect of things, the chart above suggests Kadena is undervalued coupled with it's fundamentals. Bullish Divergence formed complicated things, therefore we consider multiple scenarios if not all. Currently in a large degre 5-way impulse move(orange), price action is yet to complete the 3rd wave. 3rd wave consisting of a smaller degree 5-way impulse move(blue) looks to be either in the 4th (correction) wave still, or on coure for it's 5th impulse wave to complete the larger-degree 3rd wave. (Still holding it's ascending trendline, white pathway looks valid for the time being) Highlighted are pathways price could follow, each following the rules of the wave count. DCA zone/240(1) support is a good area to grab some irrespective of which scenario plays out. Blue support zone down at the D4 support area(0.618 support) is the best place for large buys and to go long. Green confluence zone is a take profit area with confluence irrespective of which scenario plays out, Blue Resistance zone is Main target should wave 5 be much longer than wave 1. Either way, Wave 3 looks to be the longest making this a Third Wave Extension.
Long
by RektMyMom
14
Polygon Matic testing the last resistance before price discoveryPolygon is in an accumulation phase since the downfall in may 2021. We are finally back up around previous all time high price ranges. Bullish news came in that Uniswap is now live on Polygon which is bullish for the whole Ethereum ecosystem. The RSI shows that we are in the middle of an accumulation phase and therefore its plausible that the final price breakout will occur in 2022 and not yet. However, in the long run we only see upwards potential for matic. Currently around 7 billion MATIC tokens out of 10 billion possible are in circulation. This is ok from an inflation standpoint. If we go back around the 2$ level this coin looks like a strong buy. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
MLong
by tumbler55
$AMC Algorythmic Scale In & Scale Out - Target $145 Feb 1, '22The pennant setup for the current session is identical in shape to the previous session where $AMC pumped from $20 to $77. Additionally, the Fib-Trend lines up the price action very well. Lastly, we have seen thousands of call options open on $AMC for the $145 strike in January 2022. They are doing price discovery, we can see the most of the buying between $28-$45 with the majority throughout the Wyckoff Accumulation phase I posted about on 07/29, see link below. From the beginning of this, I told everyone I knew to buy $AMC, they would ask "what do you think it's actually worth?" and I always thought that it was worth $30. Obviously things can change, with AA leadership I hope we see some new innovation on to of just doing what $AMC does best, but that is more of a fundamental discussion for later on. We could also see an economic collapse or margin call change how any of this plays out.
NYSE:AMCLong
by Fisbin
4
Using Fib extension in price discoveryWhen you are in ATH territory also known as price discovery area it can be tough to know when to enter/exit a trade. For this reason, I LOVE the Fib Extension tool to help identify potential areas of interest to take profit, exit, or scalp. It can also help you set targets before it gets to ATH territory. Most popular levels 100%, 161.8%, 200%, 261.8%. It’s good to wait to see how price action acts at these levels. Also, price could snag on levels before these, but good to know that these are the most popular areas of interest. This isn’t a full proof system but it is very common for traders to use these levels as exits and to take profits. This could also be a good target to short or enter on a bounce off of support.
COINBASE:AVAXUSD
by DaCryptologist
3
Price Discovery Mode Engaged!Congratulations to all how have held through the summer madness and stuck to your convictions. If you’re just joining the show, you are most definitely not too late. Aside from ETH breaking new all time highs, it continues to set new unprecedented levels in other metrics as well. From a fundamental perspective -Hashrate currently at all time highs -Illiquid supply almost mirroring the levels of BTC -Rumors continue to circulate about a similar ETH ETF thus creating more bullish, yet speculative news. Heres how I am approaching things. From a technical perspective -Expect pullbacks and volatility as ETH continues to set new all time highs. Psychological levels such as 5.5k and 6k will continue to act as short term resistance which almost always come with heavy pullbacks for better opportunities for entries. Be patient with your entries, dont chase profits but also lets remember to not set firm entries here. I generally like to set an entry zone as opposed to a firm price. The last thing you want is to have the price run away from you which will just expose you to unnecessary risk. Remember to sell into strength and buy into weakness.
KRAKEN:ETHUSDLong
by ChimeraHoldings
KCS/USDT Breakout and strong retest of 14.8$. Where can we go?🚀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. Additionally we see a retest of the 14.85$ resistance which turned to support. - Volume starts to rise which is a bullish sign. - RSI analysis shows a bounce back of the red 80 line. The orange line on the other hand now seems to act as support. - Support lines are at 14.85$, 9$ and 6$. The borders of the wedge can act as support as well. - Resistance lines are at 19.5$. Once we pass this we are in price discovery mode together with Ethereum and many other coins. The sooner the better. 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$ did not last long and so shouldn't the 20$ line. - End of year prediction: We will see a 50$+ KuCoin before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
2
ETH/USDT Breakout confirmed! We are heading towards 10k 🚀🚀🚀- Ethereum still holds the biggest ecosystem and has running smart contracts for a long time. This headstart led to a big market dominance compared to its competitors like Cardano , Solana, Cosmos, etc. - The main issue is the scalability and therefore the transaction fees which are way to high at this stage. - Ethereum still is the first choice after Bitcoin for big investors and remains attractive. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. - 2 billion worth of Ethereum burned since August. Daily chart: - Price broke the last resistance at 4100$ and is now in price discovery territory! Enjoy yourselves. - Volume is still very low but shows signs of increase. We expect volume to go up during November. - RSI analysis shows that we are in an uptrend and consolidating below the 70line. Get ready to crush it and go beyond the 80 line. - Moving averages show that the 20MA acted as support which is very bullish. - Support lines are at 3950$, 2850$, 1750$ and 1350$. All of them have been retested which is fantastic. - Resistance lines are no more. Let's see where we get a pullback to find some sort of resistance. Expectation: - We expect that Ethereum finds itself around 5k within the next week. - Once we start moving up seriously FOMO begins and we can enjoy the ride. - More and more people get heavily into Bitcoin and start pondering about their next investment. Taking Ethereum as next seems very likely. - End of the year prediction: We will see a 10k$+ Ethereum 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. If you like the content, please like, comment and give this channel a follow. 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. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
Tezos Broke to Multi-Year HighsTezos has recently broken to new multi-year highs, fell to retest the breakout point and now looks to be headed back up. At these levels XTZ is higher than it has been since the last crypto bull in 2018 and upside could move up multiples from here. XTZ has moved from around $1 to $4 for the last several years building a nice base. At these levels the coin really hasn't moved yet and it's still early. There are resistance points from 2018 around $5.30 and $6 but in a new bull I don't expect those to hold for long. Previous all time high is around $12 from 2017 and it could easily retest those highs or break them as many other coins are doing now. Market cap is quite small at $3.6 billion. As a bonus the coin can be staked on Kraken for an annual 5.5% return. Fundamentally I don't know much about the coin but it's another decentralized computing platform with proof of stake like Ethereum, Polkadot, Cardano, etc. My money is on Ethereum to hold the lead in the "decentralized computing platform" battle, but I'll put a little into things like this simply for the potential upside if/when the coin starts to get discovered again. This is not investment advice and I'm not an investment adviser. Small cryptos are crazy volatile and can go down faster than they go up (and they can go up FAST). This is just what I'm doing because I'm a nut who thinks that early in a crypto bull could be the best time to play a few small cryptos that look like they might move soon.
COINBASE:XTZUSDLong
by MystryBox
19
Fibonacci 101Fibonacci retracements follow a mathematical principle set forth by Leonardo Fibonacci. To put it simply - each level is a ratio between two other numbers, and there are countless examples of them being respected in the stock market, forex, crypto, commodities - you name it. For this reason, it's an essential tool in the technical trader's toolbox. There are many uses for this tool: Finding regions of support or resistance Helping with stop loss placement Establishing targets to take profit - especially during price discovery (no existing S/R levels) Rules of Thumb While placement of your anchor points is somewhat subjective - a rule of thumb is to stick with glaringly obvious swing points . Simple is best with this tool - one of the reasons that it works is that other traders (or trading algorithms) are watching the same regions of price as you are. No need to overcomplicate it! For a bullish retracement (+ targets) - begin your Fibonacci at a swing low, and end it at a swing high. For a bearish retracement (+ targets) - begin your Fibonacci at a swing high, and end it at a swing low. Personalizing Your Settings The way I have my Fibonacci retracement tool configured, it includes some trend-based Fibonacci extensions in the calculations as well. This can be done by opening your Fibonacci settings and adjusting the inputs. The levels I have as inputs are as follows: 0 - This is your starting point 0.236 - The shallowest retracement 0.382 - Shallow retracement 0.5 - While not a Fibonacci number, this is the midpoint of your swing 0.618 - Commonly referred to as the "Golden Pocket" - this is generally a very important region of support/resistance. 0.705 - While not a Fibonacci number, this is the midpoint between the 0.618 and 0.786 - a level that tends to see lots of activity, and is thus included in my settings. 0.786 - This is the deepest retracement before a full retrace. 1 - This is your ending point -0.27 - While not a Fibonacci number, a very commonly used extension target during price discovery - Target #1. -0.414 - While not a Fibonacci number, a very commonly used extension target during price discovery - Target #2. -0.618 - This is your golden ratio - Target #3 during price discovery. -1 - This is a 100% extension of the distance between your starting & ending point. etc, etc - you can extend as far as you like! Where Fibonacci extensions really shine is during price discovery - areas where there are no previous levels of support or resistance (new ATH's). You can see on this $SPY chart - using our Fib tool on the COVID crash gave us some very accurate upside targets for the subsequent rally into new ATH's. I hope this introduction to the Fibonacci Retracement tool on TradingView helped you develop a basic understanding of it's applications - make sure to like if you learned something and follow us for more! Will, OptionsSwing Analyst
Editors' picks
AMEX:SPYEducation
by optionsswing
70
REEF/USDT Update: Looking for an upper breakoutReef did had a hard time and some bad news. That's probably one of the main reasons it consolidates within the drawn triangle. Upper resistance now was tested for 3 times and every time the resistance gets weakened. We therefore assume to see an upper breakout soon. So far we don't really have price targets since we would move into price discovery mode. Set your target and enjoy the ride. Entry zone is either the breakout or the retest. 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. If you like the content, please like, comment and give this channel a follow. 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. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
RLong
by tumbler55
11
KAVA BREAKOUT! READY FOR NEW ATHHello everyone, This is not an investment advice, just personal thoughts about cryptocurrency called $KAVA Downtrend line has been active since 6th of April, and parallel trend channels are closing, major support of Ichimoku is strong, Fibonacci retracement levels are finely tuned, this is a new price discovery break-out, let"s see.. How to interpret this chart? The major downtrend line is bold line, the major support of up-trend line is green bold one. Inside this triangle, I was thinking that minor support lines are going to be in that predicted channel for break out pattern. And if we gonna closings above the down red line in 4H period chart, this is going to be approval for price discovery period start! My first bought was around 4,30 where in its accumulation period, this is the last signal in my honest opinion. I'll add some to my bag from this point, wish you all profitable trades. The aim is vertical dotted line which goes to 10.89 $ and also Fib. Retracement Leves are showing 1.618 (Golden Ratio) is very close to that area and this going to be resistance level in price discovery chart. Well, lets see. Time the operator.
Long
by nodalAxis