Smartcontracts
bearish ideashark harmonic pattern:
3-4=0.61 X-3
4-5=1.6 3-4
tp1=0.78 4-5=$11.1
tp2=0.88 X-3=$5.49
tp3=1.13 X-3=$3.82
Altcoin Value AreaCRYPTOCAP:TOTAL2
Compared to the 2018 Alt coin High , the tech is so much more advanced with actual use cases. The closer we inch to the 2018 high that value proposition becomes clearer that a bottom is in place.
Below the 2018 high would signal a pandemic totally out of control that's crashing traditional assets too...or the governments of the world have well and truly crushed crypto and innovation.
All the best , cheerio
FXcrypto
the target of the slide by shark harmonic patternshark harmonic pattern:
3-4=0.38 X-3
4-5=1.6 3-4
tp1=1.6 4-5=0.88 X-3=$0.5
tp2=1.13 X-3=$0.37
tp3=2.24 4-5=$0.27
Chainlink Price Channel Continuation 2021Next chart is devoted to one of my favorite Cryptocurrency and Blockchain Projects so far. Chainlink and its native Token $LINK (Chainlink).
Initially, my first idea of this Chart was tweeted on the 01.June on Twitter (Find below). Chainlink is pursuing a clear Price Channel started in 2020. It's noticeable, that the MACD in combination with RSI Indicator working pretty well for great price entries. I'm a long term investor and always hunting for great Entry Points. Now, Chainlink Price is experiencing a hard down movement but holding the Line above the lower Price Channel Zone. Just a look to the MACD and RSI , a bit of downtrend could be possible to close the RSI GAP (Touch of oversold zone). If the Crypto Market and especially Bitcoin recover faster than expected , certainly Chainlink will move up as well. Comparing the former down trend cycles, after each bottom confirmed by MACD & RSI, 100 days of uptrend could follow.
So let's see, what the Market Quarter End Close will have in the bags in terms of results, because we all know, that Traditional Markets are also affecting Crypto Markets in both, positive as well as negative.
No financial advice, no investing advice.
Just thoughts and ideas.
Call of Crypto, out!
Vechain is a strong crab!crab harmonic pattern:
AB=0.38 XA
BC=0.38 AB
tp1=2.6 BC=$0.1 *reached*
tp2=3.6 BC=$0.25 *reached*
tp3=0.88 XA=$0.49
tp4=1.13 XA=$2.23
tp5=6.85 BC=$4.85
tp6=1.41 XA=$12.46
tp7=1.6 XA=$45
ADA/BTC Forming another bullish flag. Moving towards ATH.Cardano is moving towards new ATH considering the ADA/BTC chart.
Currently we ca see the formation of a second bullflag since the head and shoulders breakout.
We expect some more consolidation before an upwards breakout.
Smart contracts are around the corner and money is coming towards ADA.
With its proof of stake mechanism it also is energy efficient.
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, white and pink lines are 200MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
Internet Computer (ICP) Have We Finally found the Bottom?Internet Computers chart is looking very very juicy from a technical standpoint. A front page cryptocurrency in the top 11, has Coinbase listing, has over a $10 Billion market, was recently dumped, and now going sideways. These kinds of chart setups don't come too often, usually after a cryptocurrency is released, pumped, dumped, then flatlined.
It' seems like ICP is holding a sturdy support of $100+ in this Elon Musk engineered bear trend. When Bitcoin temporarily traded at a low of $29,000 from the flash crash; Internet Computer (ICP) did hit an all time low of $89 but it was quickly bought up.
But can we go lower? Yes depending on how Bitcoin feels, but so far on Bitcoins worse day ICP traded at an all time low of $89. I do believe ICP will get picked up from these prices in this overall bull market. Like I said I'm keeping a heavy eye on this project and this chart.
Cheers! Much peace, love, health, and wealth.
XTZ Global landscape 777 zone?The price is moving in an uptrend.
Important areas to work with are indicated.
What Is Tezos (XTZ)?
Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.
This open-source platform bills itself as “secure, upgradable and built to last” — and says its smart contract language provides the accuracy that is required for high-value use cases. According to Tezos, its approach means that it is futureproof and will “remain state-of-the-art long into the future,” meaning it can embrace developments in blockchain technology.
The technology underpinning Tezos was first proposed in a white paper that was released in September 2014. After a series of delays, the Tezos mainnet launched four years later.
ETC on the risky 5th wave of Elliottcrab harmonic pattern:
AB=0.61 XA
BC=0.88 AB
tp1=2.6 BC=$91 *reached*
tp2=1.6 XA=$110 *reached*
tp3=3.6 BC=$300
other possible reversal patterns:
cypher and shark:
tp1=1.13 3-4=$130
cypher:
tp2=1.41 3-4=$180
shark:
tp3=1.6 3-4=$230
Chainlink in the beginning of the 3rd wave of Elliott?recently I was extremely bearish on the Chainlink chart but after I see the chart of HitBTC, I changed my mind.
Bullish shark with the $17 targetshark harmonic pattern:
AB=0.61 XA
BC=1.13 AB
CD=2.24 BC
my final target for EOS is $86
Tezos is a crab!crab harmonic pattern:
AB=0.61 XA
BC=0.38 AB
tp1=2.6 BC=$21
tp2=3.6 BC=$57
tp3=1.6 XA=$111
Tezos is a crab!crab harmonic pattern:
AB=0.0.38 XA
BC=0.38 AB
tp1=2.6 BC=$8.2
tp2=3.6 BC=$21
tp3=1.6 XA=$111
$GRT - Accumulation/ Possible Inverse H & S Pattern forming. Hello Traders,
Take a moment to look at $GRT.
#TheGraph has been n a sideways motion for some time now and has been accumulating.
You can see within the accumulation channel that the price action has started to narrow and the pressure seems to be tightening the up/ down movements to less volatility.
If the price can continue to form the inverse Head and shoulders, we could see a break above the local resistance at the top of the accumulation box.
Tomorrow will give us a great indication of what the rest of the week should look like.
Either way, I do think GRT is a ticking time bomb and we will see a nice up tick from now until the end of May.
Good luck!
