Huge Bullish Momentum for VGX Token - Targeting $4!VGX has hit the lower band of its long-term descending channel, signaling a strong support level. With bullish momentum building, the next major leg up could drive the price toward the $4 target. Key indicators are aligning, suggesting this could be the beginning of a powerful upward trend.
Support: Lower channel boundary holding firm
Resistance Levels: $2.50, $3.00, and $4.00
Strategy: Watch for confirmation of a breakout with strong volume.
Are you ready for the next VGX rally? 🚀
Pumpit
XRP to the Moon| Is Gensler Stepping Down the Secret Ingredient?XRP's price broke $1, marking a significant milestone for the cryptocurrency. Its market cap has climbed 26.76%, reaching $59 billion, while trading volume soared to $16 billion
Open interest in XRP derivatives increased by 12% to $1.5 billion, signaling growing speculative interest and potential institutional participation. Notably, over 320 million XRP were purchased within the last 72 hours
This surge follows a breakout from a symmetrical triangle pattern, often indicative of significant price shifts. Analysts have drawn parallels between XRP's current trajectory and its 2017 performance, when it hit an all-time high of $3.3. If the bullish trend persists, The rally may have been partly influenced by XRP’s listing on Robinhood. CryptoQuant's exchange reserves metric highlights growing confidence in the coin's long-term potential.
Ripple to Gensler: Don’t Let the Door Hit You on the Way Out!
Ripple Labs has also made headway in its legal dispute with the US Securities and Exchange Commission (SEC), securing a favorable court ruling and the approval of a joint motion for final judgment, boosting market optimism.With rumors circulating that Gary Gensler may step down—or potentially be ousted by a future Trump administration—Ripple is regaining the spotlight. As speculation about Gensler's possible departure gained traction in the market, XRP's price surged dramatically, reaching its highest level in 16 months.
Further speculation about Ripple’s development of a dirham-backed stablecoin has added to the upward momentum.
This comes after Ripple launched its RLUSD stablecoin, fully backed by the U.S. dollar. At the same time, Bitwise revealed plans to convert its Bitwise 10 Crypto Index Fund (BITW) into an ETF, which would include XRP. Ripple CEO Brad Garlinghouse shared his thoughts on these developments via X, amplifying market excitement.
PEAQ | DePINs & DollarsPeaq's recent listing of its native utility token, across 12 crypto exchanges including Crypto. com, BitGet, and KuCoin positions the platform to capitalize on real world decentralized physical infrastructure networks aka DePIN and democratize the machine economy.
This listing facilitates user engagement with Peaq's decentralized infrastructure, now linking over two million devices globally.
In the past 24 hours, peaq’s trading volume reached $63 mil, a remarkable 15,592% increase from the previous day, highlighting a surge in market activity. Following Peaq's announcement, the PEAQ token is now accessible on exchanges like BingX, Bit2Me, CoinList, CoinW, Gate.io, Hashkey, KuCoin, and MEXC, with plans to be listed soon on LBank. Within the Peaq ecosystem, the token supports various functions, including transaction fees, validator node staking, and future participation in on-chain governance.
PEAQ’s initial supply totals 4.2 billion tokens, with an inflation rate starting at 3.5%, decreasing by 10% yearly until it stabilizes at 1%. This structured supply strategy is designed to foster sustainable growth within the DePIN ecosystem.
Peaq's platform supports a range of decentralized applications with real-world applications. Currently, it hosts over 50 DePINs spanning 21 sectors—including mobility, energy, connectivity, and decentralized AI—and plans to launch projects like Silencio, MapMetrics, DATS, Roam Network, and Teneo Protocol. These projects offer diverse services, from noise pollution data collection and "drive-to-earn" navigation to community-provided bandwidth and real-time social media data crowdsourcing.
The network operates with 32 genesis nodes managed by entities such as Bertelsmann Investments, Deutsche Telekom MMS, Lufthansa Innovation Hub, and the Technical University of Munich’s School of Management. With a Nakamoto Coefficient above 130 and a capacity of 10,000 transactions per second, Peaq aims to expand its throughput through upcoming updates.
In the coming months, Peaq plans to roll out stablecoin integrations, bridging solutions, fiat on-ramps, and decentralized exchanges, targeting projects that require blockchain infrastructure optimized for real-world applications and aiming to transform industries historically led by centralized players.
Peaq’s recent token sale on CoinList raised $20 million from over 14,000 contributors, with an oversubscription of $36 million. The platform also achieved a strong pre-launch ranking following a CertiK audit.
Enhanced interoperability with over 90 blockchains through LayerZero enables Peaq to ensure seamless liquidity and data flow. Additionally, Peaq provides modular DePIN functionalities, including self-sovereign machine identities, peer2peer payments, role-based access control, machine data verification, and machine data storage.
Alt szn started and its time to hunt some gems
De.Fi - a complete undervalued projectDe.Fi launched end of January 2024 their token, but they aren't complete beginners.
Starting with their smart contract checking tool they are in the market since 2020.
Quote from de.fi
"De.Fi (DeDotFi) was founded during the DeFi Summer of 2020 by a group of DeFi natives with just two goals in mind: make DeFi a safer and more convenient space for everyone. During three years of development, the De.Fi team has grown to 50+ team members worldwide. We work daily to build life-saving products for DeFi investors around the world.
The De.Fi team has created Crypto’s First Antivirus - the most advanced security system in the crypto space, as well a range of other products including our crypto wallet tracker, NFT portfolio tracker, REKT Database, Audit Databases, the largest multichain dashboard/APY aggregator, and more. "
"The De.Fi SuperApp is an ultimate gateway to web3: it includes the biggest DeFi tracker that supports 45+ blockchains, 8+ centralized exchanges, and 450+ protocols, as well as the largest DeFi yield farming APY aggregator, that tracks live and historical data of 10,000+ LPs and Vaults on 300+ DeFi protocols.
The DeFi dashboard by De.Fi is the most convenient way to track your multichain positions & balances: simply create a bundle of all your DeFi wallet crypto addresses and exchange accounts, and track your whole crypto portfolio in 1 place."
Let us see where their journey goes
VeChain (VETUSD): Last Impulse before a bigger correction? 📈🤔Let's take a closer look at VeChain BINANCE:VETUSD on the 1-hour chart. We're continuing to hold Wave 4 well at $0.025. Since then, we've developed a 5-wave structure leading to our overarching Wave ((i)). Now, we're anticipating the formation of Wave ((ii)), which should fall within the 50 to 78.6% range. Dropping further down would significantly decrease the likelihood of this still being a Wave ((ii)).
Following this, we expect an uptick for Wave 3 to at least $0.035, representing an increase of nearly 30 percent. This is the minimum we're projecting for our Wave ((iii)).
🎓✨ FXProfessor's Insights: Bracing for the Fed's Pivotal Move 🎓✨Some of you were laughing last year when i posted this at BTC 18K: but I had done my analysis right. Both technical (breakout) and Fundamental (just read what i was saying about rates and how market is 6 months ahead!).
In a similar manner i had explained why 45k is closer than most were thinking: (read it! understand it! learn from it!) 🎓✨
Now:
🙋♂️ Apologies for the brief hiatus - I've been deeply immersed in my latest AI token project. 🤖🌐 Though it's been taking up much of my time, I'm still keenly observing the crypto charts, especially Bitcoin. 📉💡
Last we spoke, we dove into Bitcoin's significant support levels, backed by Fibonacci analysis. 📈🧮 We saw an intriguing pattern: Bitcoin, after a dip, rebounded almost perfectly in line with our predictions. 🎯🔄 This critical support level, a focus since early last year, continues to be a key player. 🗝️💥 We watched Bitcoin approach this level, only to face rejection, nearly a year after we initially spotted it. 🛑⏳
Currently, Bitcoin's vital level is nestled between $47,800 and $49,300, with a more specific aim around $48,400. 🔍💲 Additionally, we've pinpointed a new support at $43,091. 🆕📉 Our foresight from last year proved accurate, as Bitcoin indeed rallied to this major resistance level and faced rejection. 🎉🎢
Our "sell the news or buy the breakout at 48" strategy hit the mark. 👍📈 When the anticipated ETF breakout didn't materialize, I shared my first short idea on Bitcoin in two years, timing it almost impeccably. ⏰🔽
As we chart this course, the upcoming Federal Reserve decisions are pivotal. 🏛️🔮 Despite a flood of articles and predictions, I'm staying laser-focused on the market's reactions. 💻🧐 With elections looming, we might see a more cautious approach from the Federal Reserve, which could significantly sway Bitcoin's path. 🗳️📉
Let's remain alert and see how these events play out. 🕵️♂️💬 If you've been riding the wave of my long-term analysis, I hope it keeps steering you right. 🌊🏄♂️ The market always has surprises up its sleeve, but with meticulous analysis and an eye on the fundamentals, we're well-equipped to navigate these thrilling times. 🌐🚀
One Love,
The FXPROFESSOR 💙🎓
I am seeing bullish indicators I haven't seen in years!Traders,
It has been an exciting couple of weeks in the crypto world. And the charts are showing me that 2024 will be the same. Long-term cup and handle patterns and inverse head and shoulder patterns confirm that 2024 will be the year of the bull! I'm going to touch on what I am seeing and review my altcoin trades and strategies based upon what I am seeing.
Could We Be on the Verge of Another Altcoin Bull Run?Traders,
Quick update. I'm am seeing some interesting new price action on the alt charts that has not been observed for quite some time (over a year and a half). This new price action has me growing more and more bullish alts and has me questioning, "Could we be on the verge of a new altcoin bull market"? For now, this remains to be seen, but if what I am seeing can be confirmed, I think the answer for me will be a resounding "YES"! Let's take a look together.
Going Long Matic here to 90 Cents PlusThis looks to be good support here for Matic. I have waited patiently for entry and .74 cents looks to be as good as any with all SMAs (50,100,200 day) on the underside for support along with a significant level. Also, RSI has reached support in conjuction with the pullback here. I will be taking profits along the way and expect to be out 75% by the time we reach .95 cents, dragging my stops up along the way to ensure the trade is all profit. I expect to let the remaining 25% ride after hitting .95 cents in hopes that it may jump up and above that ascending TL which would be uber bullish for this coin.
Entry - .7424
Target - about .95
SL - currently .60 (my stops are very loose)
RRR - 1.5 (better with tighter SLs of course)
This is not fin advice. I show you the way I trade for your education and entertainment only.
Stewdamus
Pepe Special: $CRSPWOAH.
NASDAQ:CRSP looking like a juicy setup.
Type 3 return. On a gartley. On the weekly chart??
There's only two options. Either this thing dies and goes to goblin town or it pumps to the pearly pearlies.
Currently at basement level prices and the risk to reward ratio is looking v nice. Green boi energy picking up too, check the volume over the past three weeks.
TP 1-3 and SL shown above.
Would you look at that. Well, well, well...
Would you look at that.
Just look at it.
Have we seen this pattern before?
Our old friend, Mr. Dragon, has returned and... What's this!?
The big guy is carrying a smole bebe dragon. How cute. So maybe it's a Mrs. Dragon??
This type of dragon bottom can be v powerful with these meme stocks, definitely something worth watching. NYSE:AMC has been obliterated since the stock split, but it's smelling like reversal time and the previews have already started rolling.
AMC has been a big pumper in the past, so we could see a nice squeeze to the upside.
It's not weird to see these dragon bottoms run all the way up to the extreme 4.286 fib extension, especially with meme stocks.
Look how the 4.286 is lining up with the 200 MA (thin, squiggly, blue line). And don't forget to mind the gap up there (gold circle). It should get filled in time.
And if you think I'm crazy, CGC did something similar just a few weeks ago.
*Mwah*. Beautiful.
Still waiting on some big, green boi energy to give more confidence to the idea, but one could buy now, set a SL below the dragon legs, and let it ride.
Grab your popcorn and enjoy the show. :)
Pepe Special: FEMFFOTC:FEMFF is currently in a falling wedge and looking to be great. Too many people FOMO'd into that first spike through the supply line and the CO was not having it...
But really it needed to fill this gap before the big pamp.
Gap filled.... show time.
So what kind of target can we expect?
A run up to the 0.618 fib extension would be a pretty common retracement for a successful falling wedge breakout.
A near 130% increase from its current price.
For a different look, here are some historical levels (this chart is kinda fonky, so I zoomed out to the 3M chart to get some decent S/R based on candle closes)
That long wick at the top of wedge shows we have an imbalance... and what do we know about imbalances?
....they often get revisited.
Does it have to. NO. But it wouldn't be weird.
Here's one more look with the fib extension overlaid
The historical levels make sense and line up pretty nicely.
A break of the 0.41 level would likely lead to run up to the 0.79 level and could very well give us that 0.786 fib extension.
Pump it.
Nobody is talking about Voyager.OTC:VYGVQ took a one way ticket to Goblin Town after the fall of Voyager Digital. For the past year the sock has been trading sideways with little action.
Maybe it's the copium talking, but I have suspicion that OTC:VYGVQ is not dead just yet.
Here are a few points to back up my hypothesis:
-There is a massive butterfly harmonic that just completed on the 3D chart
-U.S. regulators have charged Ex-CEO Steve Ehrlich for fraud and deliberately lying about customer asset protection. Funny things always happen with law suits and bankruptcy claim.
-The stock recently broke out of descending wedge with a massive wick up to 0.2, which makes me think some bigger money is entering. Could it be the Composite Operator? Ehrlich? An activist investor? Who knows. 0.2 and 0.5 are key levels to watch historically; straight up and straight down between these areas.
-Lastly, and maybe the most far reaching point yet, there is a prominent gap on the daily @ 1.92 meaning there is some trapped liquidity up there.
The gap occurred during a weekly transition which increases the odds of it being filled from my experience. Now it could take months, even years (potentially) for OTC:VYGVQ to reach that level again (if the stock doesn't die and get delisted, which could definitely happen).
Only time will tell.
I'm letting it ride for now.
Got more Doge?POLONIEX:DOGEUSD Dogecoin is showing this repeating pattern. I like to call it a Pump and Pump :-)
Maybe it will ultimately become a Pump and Dump . So I am not going all in.
However, a small holding of Doge has the potential of creating a large return.
This is an asymmetric risk-to-reward play.
I write off all the money I put in. So it is a small loss on my portfolio immediately, but if the trade plays out it will generate a significant gain on my overall portfolio.
One fundamental consideration:
Doge was meant as a meme coin. Its intended use is 'tipping'. Dogecoins are not defisable. So if Doge goes up by a lot, the tipping and maybe even payment functionality will become less useful or practical.
All and all, this is a very speculative trade. Please be aware of that and act accordingly.
Idex alltime lowIdex is a great company, they focus on solutions to reduce emission grade of rolling vehicle.
In the last few days they had many good news about new partnerships, also they made good progress on a German NOUN.
In the coming days this stock could go to 1 dollar, followed by massive interest to their new collection of tractors, motorbikes and cars.
The company is at its price minimum, the last fibonacci price will be at mass o menos 400k
DXY looks so bearishThe DXY chart looks in lower timeframe very bearish. That might cause a short squeeze.
Yesterday at powells speech he said bad things about crypto: he said that he wants to regulate the cryptomarket, but not ban it. In general that are bad news for crypto fans.
In crypto there were a hype rally of retail traders, that might think: wow regulations but no ban how cool is that. In my opinion all the retail trader will be dead by the end of tomorrow.
I think crypto whales will liquidate their positions and dxy will go up, because there is no other competitor at the moment.
That is what makes me bullish on dxy, thank you for shorting dxy.