SHIFT LONG OpportunityAdam & Eve bottom formation, broken resistance line and retested it (marked it with arrow) and these three events happening in between the two major support levels. On weekly, RSI is bottomed and MACD losing bearish momentum. I see a big long opportunity looking solely to TA.
Fundamentally, great coin but I have to admit that I have some doubts. I am planning to hold this coin for long but gonna watch it closely. They have an active community at Ryver.
First TP should be around ATH. Have fun.
(That triangle is there to just have fun, doesn't mean anything)
Shift
Shift Bottomed Out?Following the strong rally, from $0.5 up to $13, Shift corrected down very sharply and lost 87% to USD in a matter of 5 weeks. Currently, the correctional move down was stopped by the 88.6% Fibonacci retracement level, while price failed to close below it. Additionally, SHIFT/USD testes the major support at $1.6, which has been previously acting as a resistance and support, back in the beginning of December 2017.
The support area between $1.6 and $2.0 looks solid and could result either in strong retracement upwards or a trend reversal. There are 3 resistance levels to watch:
61.8% Fibs ($5.3)
50.0% Fibs ($6.8)
38.2% Fibs ($8.3)
Break and close above the final resistance should confirm the long-term uptrend, although it if any of them will be rejected, consolidation period could take place. On a downside, only break and close below the $1 psychological support could invalidate bullish outlook.
SHIFTing Long in '18....SHIFTBTC is looking good coming out of the new year's market correction. Stoch RSI and MACD are bullish. Short term trend lines are showing a possible breakout on the 1 and 4 hr asymmetrical triangle as the long term trends lines are showing fast, albeit volatile growth. SHIFT maintained its previous support levels throughout this downward trend, while only just managing to break that resistance last month. Shift is up about 420% over the past 3 months, most of that growth occurring over the last 8 weeks. While the crypto market will now start to become a bit more saturated as it continues to grows, barriers to entry rise, and competition consolidates, the charts are looking promising for Shift while it sits at at small mkt cap of ~$70M.
Fundamentals will play a key part for Shift as well considering their background and use-case. It's a short term play, but a long-term hodl as well for sure. See below for more. BTFD!
SHIFT
Shift began in August 2015 as the first Ethereum fork ever created (note their split logo variant). A main reason for the fork was their differences with Buterin's Proof of Stake consensus algorithim. Shift's vision was to create a dApp platform more secure than Ethereum with a stronger network through better incentivization for node operators using a consensus algorithim known as Proof of Delegates which combines elements taken from the Proof of Work (PoW), Proof of Stake (PoS), and Delegated Proof of Stake (DPoS) consensus algorithms. There was no ICO. Just the devs’ passion for pushing the technology of decentralization to new limits.
October 2016, over one year later: Ethereum’s consensus protocol was susceptible to attacks on lower hashrate networks, such that private chain miners could obtain too much network power. Lisk’s delegated Proof-of-Stake method offered an excellent solution, and the Lisk codebase was very promising – but it was not ready. That didn’t stop Shift: the project was migrated as the first Lisk fork ever created , with a forging mainnet that was operational even before the original Lisk platform.
By November 2017, as is the nature of a decentralized grassroots collaboration, team members had come and gone. But Shift is stronger than ever. The torch is now carried by a pair of lead developers, the chief of which has been with the project since 2016. Outpacing massive ICO-funded projects, Shift has become a market Leader through the team’s passion and cumulative first-mover advantages: the first ever dApp to successfully decentralize web hosting, called Phantom, is testnet operational. You can store files using IPFS right now, connect IPFS hashes to top level domains (TLDs), and before 2018, you will also be able to host dynamic websites and content.
The Shift Team achieved this thanks to also creating the first ever transparent layer to dynamically translate hashes to DNS, called Jenga. This is critical to mass adoption; unlike platforms such as Maidsafe which require the use of subdomain web addresses, a decentralized website hosted through Shift and Phantom can use a Regular “www” URL without requiring the user to install third-party extensions or browser plugins. Thus Shift for the first time ever makes the power and potential of IPFS accessible to anyone : because Jenga continuously monitors all nodes within the cluster to populate DNS records, the resulting setup is nearly impossible to attack by DDoS, and one domain can point to anywhere from ten to one thousand servers that serve your files.
Shift’s new website, which launched NYE 2017, is now the first working proof of an uncensorable internet . No other project, to my knowledge, has come this far.
Numbers: via coincodex.com
Today's 24h High: 6.29 | 24h Low: 5.30
24h Vol: 429,391 | Mkt Cap: 68.80M
Supply: 11.66M
References:
dWeb: www.shiftnrg.org
Explorer: explorer.shiftnrg.org
Docs: shiftnrg.nl
/r/ShiftNrg
T.me/@shiftnrg
$SHIFT forming symmetrical triangle, potential break out$SHIFT appears to be forming a nice symmetric triangle on the 1 day and 4 hour charts. That, in combination with the current short term pattern of higher highs and higher lows, Stoch RSI and MACD turning up (as a confirmation), there is reasonable potential of an upward breakout. I want to stress that the breakout isn't a lock to go upward, but the signals I'm all seeing are pointing to a positive breakout.
Buy: 48 and below
Sell: 58-60
Stop loss: 46
Shift Rally Hasn't StoppedFollowing the previous idea on Shift , it has reached the upside target at $9.34, that is 327.2% Fibonacci retracement applied to the previous all-time high. The $9.34 level was not only reached but clearly penetrated and price continued to rise, reaching $13.
Corrective wave down followed and was stopped right at the 261.8% Fibonacci support level that is $7.57. As the 427.2% resistance is broken and 261.8% support is rejected it is very likely that the rally will continue where price could reach $20. Although prior to that $14.78 and $17.45 resistance levels must be broken and should be watched closely. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
Shift VS Bitcoin Back To SupportShift has managed to grow substantially during the past 30 days period, rising from btc 0.0001 up to 0.0009, resulting in a 650% growth. Although the wave up was stopped at the 61.8% Fibonacci retracement and now it seems that SHIFT/BTC could be falling back to the previously established support.
The support is at tc 0.0002 area, which previously has been tested a number of times. While there was a clean rejection of the 50% Fibonacci retracement level at btc 0.00065, now it is more and more likely that Shift will continue losing to Bitcoin.
GEM FOR 2018 -BIG WAVE INCOMING-LONGFirst big wave that took the price to 110k sats already corrected after 6 months of downtrend, time for a second big wave of this little gem that should take the price to 300-500k sats.
You may already know this project after that much shilling on the internet,
first one to combine a decentraliced web tech, IPFS in this case, with the blockchain technology, that allows descentraliced hosting and estorage, with a public beta of their dapp PHANTOM been releasing in a week.
THE 3 MAIN OBJETIVES DRAWN ON THE CHART
Good luck!
SHIFTBTC SHIFTInitial impulsive finished. It looks like correction is over too. Now waiting for some serious spike - there are several information on the table.
$SHIFT/BTC Looks like it just may have changed direction
I have been following $SHIFT for the past few days waiting for website to come out "end of Q4".
This evening, there was an actual confirmation that the website will rollout on the new Phantom network on main-net with 20 active nodes.
Only issue is this token has already built up in the last few days and I think people have sold the news.
What is your take?
Shift DailyShift looks ready to break. MACD about to turn green, about to cross 100 day EMA, following short-term uptrend line nicely. Phantom release later this month could be catalyst for breakout.
SHIFT BTCSHift
play above weekly and daily support have good reaction good for join sl under support area
capital management is recommended
we ask Allah reconcile and repay
$SHIFT - possible inverted h&sPossible inverted head and shoulders pattern forming on $SHIFT over the past month. Breakout this evening would seem to confirm it. Predicting a higher rise over the next 24 hours. I'm no expert, admittedly, but this looks a lot more like a classical H&S than most of what I see passed off as such on twitter.
$SHIFT SHIFTBTC Reaction confirmed, expecting 55k areaReaction confirmed, it moved exactly as planned! I took some 50% profit and now expecting 55k area with what's left.
RUT - Nice symmetry in Russel and a shift in movement.Not much to say.
Just study the chart to learn a little more about forks and how the market moves.
P!
$SHIFT #SHIFT looks cheap, may be not so far from a reboundI am looking for an entry, it went down too much, too fast. It could also continue flat for days or more, but we are definitely closer to a low than to a high from here.
FANTASTIC LONG THERM HOLD CHANCEOne of those rare gems that sadly few people knows about, I encourage all of you to give it a shot, is basicaly a decentraliced web service hosted in a IPFS lan, with encripted messegenger service and content hosting. They already have a working product and mainnet is a matter of weeks. It pumped hard almost 2 months ago and the price have been correcting since then.
A head and shoulder is taking form in 4h chart, and its been a profound correction so I spect a nice rebound, not just in the short term but in the long, this is a nice project to hold with just 10 million marketcap, is ridiculous for such am advanced project, I expect 100m before year ends.
Displaced EMA EnvelopeRutgers news reminds me of a suggestion I had made to Support.
Combine the tools "Displaced EMA" and "EMA Envelope" so the envelope can
better fit the price action. User should choose channel width (as well as the
left-displacement), perhaps as multiple of Average True Range.
Resulting channel is better aid than trend-lines, and can resemble cycle
analysis of James D. Hurst.
Keltner channels are also more useful with option to left shift by half
the calculation period.
DATA VIEW (NOT A FORECAST): INSIDE US TRADE BALANCELooking at the Export and Import data of the last several years we can assume that the US is currently changing its course from consumption oriented to export oriented economy. The change will not be overnight and may take up to several decades, but eventually we can see the US trade deficit gradually erased!
On the export side, we can see that US has restored its sales to other countries far beyond the peak of 2008. Moreover, Exports continue to grow within an ascending channel. It is only recently that the readings fell out of the channel, mostly due to the impact of US dollar appreciation.
On the import side, US has restored its consumption back to the 2008 levels, however did not expand beyond it significantly. Exports trend laterally since about 2011 after reaching 2008 peal level!
DATA VIEW (NOT A FORECAST): US TRADE BALANCE PARADIGM SHIFTBack before the 2008-2009 financial meltdown, the US trade deficit was continually ascending, as the country was consuming more and more imported goods. It was a natural course of events, since the States was widely known as world’s leading consumer.
After the crisis, however, the situation changed dramatically. Following a sharp correction, US trade deficit has stabilized between 40 and 50 billion US dollars and has never restored to its peak of 70 billion.
