FIS Stafi (Staking Finance)
Good project, good team.
And good chart, we have a nice consolidation now
Low cap ~70m cap.
Staking
UMB/USDT is aiming at 100x in this crypto super cycleFibonacci overextension of 4.236 is giving us a price target of almost 7$. During the lowest low of this oracle network token, the price dipped down to 0.07$. During bullish time tokens with low market cap and strong fundamentals go through different scenarios. The one presented here is linear and steady grow based on the solid APY of almost 150% coming from staking for the next few months. The fist resistance level is technically at 0.236 fib and psychologically just below 0.5$. Overextending beyond the fibonacci of 4.236 is not unseen in the crypto world and it is regarded as a pump, printing a lambo candle on the chart.
$6000 Ethereum Next? Long Consolidation Period FirstGreen arrows highlight the ideal scenario for recovery. There are 3 levels I am currently watching - $2100, $2900, and $3500. We’ve already reclaimed the $2100 support. Broke out of a huge falling wedge recently on June 28th.
Here are a couple scenarios I’m thinking of:
Scenario 1: Reclaim $2900 with a 4HR close above. Next, reclaim $3500 with another 4HR candle, leading up to an eventual break of the ATH of $4400. We’re headed for $6000 ETH at this point.
Scenario 2: Losing $1700 support – could get messy fast, leading us to the $1400's. We absolutely do not want to lose $1400.
Declining volume with Daily RSI in neutral land at 50 – price stuck in a range without losing big support. Means that this asset is still in the consolidation phase with no clear trend yet. So be super patient, nothing’s happening at the moment. The end of this phase typically leads to an explosive breakout/trend in either direction.
Large ETH holders and/or institutions milking the proof of stake design for revenue - this will definitely continue to increase the buying pressure. Ethereum 2.0 improvements fixing the high gas costs could lead to more NFT activity on the network. In short: multiple factors lead to taking ETH tokens out of the circulating supply. The fundamentals are looking better than ever.
Daily MACD lighting up green and still holding on to the 200D EMA. Plenty of room for upside. Get ready.
$LINK: Pitchfork check in#Chainlink has been respecting this log pitchfork that we've drawn for months and months now. We recently flirted with the bottom 2.0 deviation. And we're now bouncing back from pretty big previous ATH support. I'd really like to see the price get above the green box, and above that lower 1.5 prong.
I wouldn't be surprised at all to see a more clear double bottom formed on the daily? If we re-tested that lower 2.0 prong? It would probably be the exact same price as the last low?
Either way. $LINK at these prices is a generational opportunity. I wish I had more capital to invest, but I'm stacking what I can. Don't worry marines. We're literally all going to make it.
FILDA Bullish Divergence on RSI Has Lead to Explosive MovesEach time we have seen bullish divergence on the RSI compared with downward sell pressure, we have seen explosive moves up.
At the end of May, the price was falling dramatically, printed a higher low on the RSI and immediately rebounded with an 82% move in days.
The same thing occurred in the middle of June as well, falling price, higher low on RSI followed by a 170% move in 6 days from the higher low on the RSI.
Will be interesting to see how this plays out, but will we get a similar reaction this time?
Couple the potential upside returns with 71% APR rewards for staking in the Filda DAO, and this gem could be worth adding some to your crypto portfolio!
- CA$HLESS
OHM Targets and Short DD
Well OHM is in the news because Mark Cuban has decided to stake a decent chunk.
I think this one holds promise based on the fundamentals, especially during a possible correction or bearish continuation in the crypto markets.
Why? It's basically poised to become the DAI version of the Federal Reserve.
Also we can see some strong support at each correction point suggesting we might even test the 4 figure ATH if sentiment around crypto changes or even just as people are in search of yield which the project certainly boasts a great track record so far with.
So why should you buy?
Discount potentially down to 489 if support holds.
Automatic compounding staking system saves your ETH.
Bonding system can give you a discount as the price rises from local lows.
Obvious enthusiasm with big FOMO candles.
Limited supply becoming increasingly staked due to promising yield should push through resistance consistently.
This is not an asset you should trade, it's one you should stake to weather the crypto sentiment storm.
Near term targets and accumulation zone in chart, exercise caution below local support.
This is not financial advice, only invest what you can afford to lose.
Pair of likely trading zones for Cosmos(ATOM)Good Afternoon,
This one is for all you traders out there. Cosmos & their native ATOM token are ready for Liftoff!!! Entering the beginning of July we have the big news of the Gravity DEX going public any day now. This is being hyped up to be a major player in the DEX market moving forward, living along side Uniswap, Pancakeswap & Sundaeswap (still to come as well). The public release of Gravity DEX will bring more value & utility to the ATOM token, which has already seen large scale usage as a staking coin. Further information can be found here
blog.cosmos.network
Moving away from the Macros & into the charts, there's a lot to take in here. First we see a clear falling wedge along side upward price action on the daily chart since June 22nd's basement value of 7.83 USD. These are both objectively Bullish signs & I see the local low of 7.83 acting as a solid support line moving forward. The white line is the all time high. The blue line is the 20 week moving average; I've chosen to show this line as I believe it is the "true" support line for this currency, but we'll come back to that.
The two boxes; the orange is the current trade zone & the green is the long term trade zone. The orange box is where any short term traders (or those readers who are Bearish on ATOM & want to short it) can be reasonably confident in at least modest profits. I don't expect or desire to stay in this orange box for long, it's the green box we want & the green box is where I personally will take some profits. The green box is the old trading zone from Feb-May with consistent ping pong action in a 4 dollar price range. That price range swings around the incredibly comfortable 20 dollar average. A return to these healthy trading grounds seems to be on the Horizon. The psychologically comfortable level of 18-22 dollars is where I think ATOM will bottom out in the coming Bear market of 22'-23'. So in the medium term, 20USD should serve as a solid "return to mean" point for day traders to swing around.
The MACD & Volume are included for confirmation of Bullish indicators. The MACD is clearly pointing up & has been for a solid week. Also, we see the 2 lines moving further apart which could indicate a big upwards spike. The volume on staking coins can be difficult to gauge because of the nature of staking coins. The coins don't move in high volume unless there is big price action. The chicken or the egg (price action or the volume) debate is fun but for staking coins, I firmly believe volume follows price.
Back to the 20 week moving average; it's right at the bottom of my upcoming green box, and as we approach the green box, the 20 week average will inevitably creep closer to the 20 dollar comfort mean. I believe the 20 week moving average is a strong, long term indicator in any cryptocurrency that has at least 21 weeks of price action & ATOM is no exception. This line will serve as my primary Bull Market indicator once it has been crossed with a closed daily candle. It will also serve as a resistance/support line in the coming months.
One interesting thing that popped out at me while I was typing this & tweaking the final draft was the blow off top pattern has been broken. Traditionally, a blow off top candle indicates a local top & is a big sell sign. On this chart alone we see blow off tops on 3/18, 4/15, 5/7, 6/3, 6/17 & 6/29. Every single one of those is followed by a red candle 1-2 days later, except the 6/29 blow off top, we almost stay sideways. I would take this as a very Bullish sign as the classic sell signal, failed.
In conclusion, ATOM seems to be setting itself up to be the top dog in the Staking Coin Arena. Bullish signs in the short, medium & long term all seem apparent. It's upward price action is attractive to Hodlers, while the likely 20 dollar trade line with 10% swings is very sexy for traders too. With the expanding ecosystem of Cosmos highlighted by the release of the Gravity DEX, ATOM stands ready to be the center of several Venn Diagrams.
$LINK: Double bottom? Pitchfork intact!Hey ya'll this is just kind of a check in. In my "we've seen this before..." post that I linked below, we talked about how $LINK usually behaves before massive runs. The price action did in fact dip to that 20 dollar lower blue line. And with that we saw a LOT of buy support created. As you can see now, on the 4 hour chart we've formed a nice higher low, above lower 1.0 blue deviation. We're currently testing the 0.5 deviation and if we don't reclaim that? I'd look for another leg down. If $LINK's PA follows previous fractals? I'd expect it to range for quite a while in this channel that we're in? But if we fight above the 0.5 pitchfork prong? Then we're building back those patterns and consistencies in behavior.
Either way. $LINK staking is coming... you have until then to stack as much as you can before it leaves this hilariously low price range, and we push up towards 3 figures and beyond.
Just be patient. It's probably going to range for a month or two.
Elliot Wave Algorand - At key support
- Above inclining 200 day moving average
- Elliot Wave looking ready to start wave 3
- Ready to break out above 1.8 range
- Alogrand is seriously undervalued, 2nd largest market cap POS)
- Faster and cheaper than ADA (number 1 market cap POS)
- Easy Staking
- Algorand governance program starting soon, demand for coins will be higher than usual...
Long dat
ANKR daily looking primed ANKR
Daily chart here looking like we have a bull flag / triple bottom in the making. Targets will be back to .13/14 range of resistance
From there back to the all time high of .21 then the .618 fib. I feel when we get to that point it runs we will break above the top of the Fib an run towards $1 on the spike/wick before we come back down to the mid .60 range on the first burst. This should start to come to fruition over the coming days and weeks. Unless bitcoin gives us all a middle finger.
EPS/USDT Update: Looking for Support. Currently in free fallIf you followed the EPS charts you noticed that we stayed bullish on this coin.
Currently the situation is the following:
We don't have any support line left and are currently in free fall.
What does this mean?
It basically means we have no idea if and at what price level this coin turns around.
Will it turn around?
Most likely yes, since the use case of low slippage decentralised stablecoin swapping is necessary as long as we have and use different blockchains.
We now start staking since we don't realise at a loss and it looks like this takes some time to recover.
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.
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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.
Another update on ZIlliqaLook this is going to be a funny one and essentially an update on my previous idea on Zilliqa. All I wanted to say is get ready because this is ready to fly. All I said on my previous idea, with 10x more confidence. Trust me, you aren't long enough on Zilliqa ;) (No investment advice)
Traditional CDs vs Ethereum "Staking" - Crypto Is Here to StayA quick look at traditional banking CDs (certificate of deposits) vs the new "staking" service that the Ethereum network has started to offer as of December.
When looked at it from an average customer's point of view, getting into crypto is -- and should be -- a no brainer, really. Also gets into the reasons why ETH is doing really well right now, and will continue to do so as long as they can keep it going.
0.052-0.054 is the key target zone for ETHBTCSeveral coins had a lot of volatility today, especially vs BTC... However ETHBTC held strong and looks ready to go higher. Ethereum suffered in Feb-March because it was the best performer from larger coins. High fees, increased competition, froth in DeFi, the buy the rumor sell the news situation with the CME futures... led Ethereum to correct 35% vs BTC and underperform nearly everything. Now this picture seems to be changing.
ETHUSD is only 95-100% from its 2018 ATH, while the consolidation below the ATH in 2021, the breakout and retests have 'produced' a very clean chart which looks really strong.
ETHBTC looks like a massive Head & Shoulders pattern, while 0.054 was a key breakdown level that was never retested (acting like a magnet). Now that more new blood is coming into this market, I think ETH will be one of the biggest beneficiaries. The CME futures, ETHE and ETH 2.0 as well as most projects building on Ethereum are definitely things that can't be underestimated despite its current shortcomings.
Long and Strong!
Cardano consolidated for long enough to explode higher!Not much to say here. The listing on Coinbase is a big plus, for a coin many people talk about and is ready to move higher. All support levels have been retested, we had a big drop that took everyone out and now it is getting ready to move much higher. The setup is just beautiful.
EOSUSDTEOS is in a bearish channel in these time frames but in lower time frames the bullish strongly get in action and is going to take control soon in this chart and go for 9 and 12$ targets
a great opportunity to stake too
there us an unofficial formation called mountain formed too which made us put our entry point there and go from that point for our targets
👉this idea has the confirmation of advanced price action
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