QTUM Token going through the resistance zone
Information:
This is a cryptocurrency that uses poof of stake consensus, and combines Ethereum´s smart contract with the security of Bitcoin´s unspent transaction output model (UTXO) with a goal of becoming the crypto coin for business focused dApps, meaning that with a higher security between transactions has Qtum the vision to develop dApps at a higher scale.
Signals:
Position: Long
Entry price: 13,772
Target price1: 17,306
Target price 2: 20,474
% gain: P1 = 30% P2: 48%
Indicators:
MACD: The MACD indicator indicates that an upwards trend is starting and that there is bullish movement where the MACD line has passed the signal line and the histogram is opening.
RSI: The RSI line is above 30 at 60,20 but below 70 which indicates that the token is moving forward at a high pace and there might be signs of the token being overbought.
DMI: The ADX line is at 23.57 meaning that we have a trending market in that we have an ADX above 20 but the ADX has not yet to hit 25 in which it would indicate on being a strong trending market. However does the +DI indicate on continuation in this bullish trend.
Fear and Greed: This indicator would indicate that the market has come out from a period of extreme values of fear where the index has stabilized back to its neutral levels at around 47.
Analysis:
The analysis indicated on bullish signals and a trending market and the general positive outlook with more positive mentions in social media showing that a long period is preferred, but only for a short timeframe because of the Fear and Greed Index indicating on somewhat greedy investors and a price correction after the RSI showing stronger signal of the token being overbought.
Not a financial advice
Token
long position < we are hold it for 6 - 12 monthPlatON, initiated and driven by the LatticeX Foundation, is a next-generation Internet infrastructure protocol based on the fundamental properties of blockchain and supported by the privacy-preserving computation network. “Computing interoperability” is its core feature. By building a computing system assembled by Verifiable Computation, Secure Multi-Party Computation, Zero-Knowledge Proof, Homomorphic Encryption and other cryptographic algorithms and blockchain technology, PlatON provides a public infrastructure in open source architecture for global artificial intelligence, distributed application developers, data providers and various organizations, communities and individuals with computing needs.
🔥 SLP ON SUPPORT! ⬆️"Smooth Love Potion" is on it's life support and also created triangle and it may go long up. ❤️
🚀 CASPER IN COMPRESSION! ✨Cspr is located in a density which is close to its trendline. If the trend breaks upwards and stabilizes above that, rise in price is expected.👌
RSI is also in a compression.
Just a simple analysis not a signal.🖐️
kishu will be delist ? I think Kishu is a worthless token and it will be delist soon. what do you think ? Do you agree with me?
xym can release the bull...i find a bullish divergence in the chart... from long time its falling it can be stand up for new ath... let,s see what next ...
Do not buy FTT token now!We know FTT is a wonderful token, many proofs and a lot of funds are behind it, BUT;
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It is in overextended area and Due to FTT historical movements(as you see in the previous one) we had an extreme 60%ish correction from May 12th till June 26th!
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So, I do not expect such an aggressive correction, however, my best entry point is around 50 and 60% of fib retracement!
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Let's see
For those interested in $DODO Token Opportunity to enter with good risk.
In the event of a drop, it is a very good opportunity to strengthen, and take profit at 2.46$ - 3$.
Good Luck.
UMB/USDT is aiming at 100x in this crypto super cycleFibonacci overextension of 4.236 is giving us a price target of almost 7$. 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.
TRIPLE BOTTOM for SHIB!!! BULLISH REVERSAL??SHIB/USD it has been on the downward since the Binance LISTING on June 10,are we going to reverse the trend or are we getting anothet dip in Sept before we go to ATH?
