VIRTUAL at Crucial Resistance: Short Setup with 18% Potential GaThe price is approaching the high from December 16th. A short opportunity arises only if the price gets rejected with confirmation at this level.
Target Levels:
Weekly Level: The next major support lies at $2.711, which aligns with the Point of Control (POC) observed on the Fixed Range Volume Profile (FRVP).
Support Zone: The anchored VWAP (yellow line) is currently at the same level, reinforcing $2.711 as a strong support zone.
Short Setup:
A short trade from the current high, upon rejection, could target a potential drop of +16% to +18%, offering a favorable Risk-to-Reward (R:R) ratio.
Key Condition: Entry should only be considered if clear rejection confirmation is observed at the high. Without confirmation, this setup remains invalid.
Virtual
Virtual Protocol Retests All Time High!With the recent crypto crash leaving portfolios looking like a deflated balloon, it’s refreshing to see a winner like VIRTUAL www.tradingview.com stepping up! When the market hit rock bottom, VIRTUAL dipped to $2, which we flagged way back when in our last video. (What’s better than hindsight? Fore-sight!)
I loaded up big—swapping all my BTC for VIRTUAL at $2.40 and $2.00. Yeah, some called it bold, others called it reckless. I call it profitable.
Now, here’s the exciting part: $3.20 is our key resistance level. Break that, and we’re not just going to the moon—we’re talking intergalactic travel, baby! 🚀
Why $3.20? This level has acted as a ceiling in previous rallies, and if we can crack it, the next stop could be $5 or higher in a bull market. Picture this: your portfolio in a bull run with VIRTUAL riding the wave like a pro surfer. Let’s just say, I’m already daydreaming about what to name my private island.
So, buckle up—whether we’re heading to the moon or just the next stop, VIRTUAL is proving it’s got the legs for the race.
(Disclaimer: If this tanks, I'm going to be homeless!)
Sell Signal for VIRTUAL/USDT📉 Sell Signal for VIRTUAL/USDT.P
✅ Suggestion: Open a market sell position now.
🎯 Expectation: The price is likely to drop by 3% in the spot market soon. 🚨
💬 For managing this signal effectively and accessing more trading opportunities:
1️⃣ Follow my TradingView page 📊
2️⃣ Send me a private message for personalized guidance.
💎 Let’s stay ahead in the market and profit together! 💰
Buy Signal for VIRTUAL/USDT📈 Buy Signal for VIRTUAL/USDT
✅ Suggestion: This asset is expected to set a new daily high soon. You can buy now to capitalize on this opportunity. 🚀
💰 Profit Potential: A great chance to earn a solid return on this trade.
💬 For further signal management and access to more opportunities:
1️⃣ Follow my TradingView page 📊
2️⃣ Send me a private message for personalized guidance.
💎 Let’s profit together from this bullish move! 💰
VIRTUAL - Short Setup with 30% PotentialWe are currently observing a completed 5-wave structure and the emergence of wave A, which found support around $2.5. Now, price action is forming wave B, which aligns with a resistance area marked by the Fib 0.618 retracement and the daily level.
Trade Setup:
Short Entry: For a riskier entry, you can enter now and ladder your position up to the Fib 0.618 and 0.718 levels. A stop loss should be placed above the 0.786 Fib for protection.
Head and Shoulders Projection: Using the bar pattern and the length of the left shoulder, we estimate that wave C will form over the next 2-3 days, confirming the head and shoulders setup.
Take Profit Target:
Low at $2.3266 – First target for securing profits.
Overall Target: The 0.618 Fib retracement of the entire 5-wave structure at $2.1002.
Risk-Reward (R:R):
Potential for 3:1 and 5:1 trades, offering a gain of 20% - 30%.
Additional Notes:
If dOpen is lost with volume confirmation, this provides an opportunity to add to the short position.
With the holiday season approaching, this short setup allows for some time off the screen while still capitalizing on market movements.
This setup offers an excellent blend of risk and reward, with options for both aggressive and conservative short entries. Happy trading.
(VIRTUAL USDT)VIRTUAL 📈 Buy Signal for VIRTUAL/USDT.P
✅ Suggestion: You can buy now in the live market.
📊 Growth Expectation: I anticipate a 16% increase in the spot market.
⚡ Futures Opportunity: This asset can also be traded with 5x and 10x leverage for futures.
💬 To manage this signal efficiently and receive more profitable signals:
1️⃣ Follow my TradingView page 📊
2️⃣ Send me a private message for further guidance.
💎 Let’s trade smart and profit big! 🚀
Virtuals Protocol makes you Real MoneyVirtuals Protocol is a decentralized platform designed to incentivize the creation and monetization of AIdriven personas for various virtual interactions, including gaming, metaverses, and online engagements. By aligning incentives, the protocol empowers users to develop and leverage AI personas to enhance digital experiences and unlock new revenue streams
37,000% Gains ? Even My Calculator Gave Up!
Trading Volume: In the last 24 hours, VIRTUAL recorded a trading volume of $524 million dollar, reflecting a 66% increase compared to the previous day. This significant rise signals heightened investor interest and increased market activity.
Supply: VIRTUAL has a circulating and maximum supply of 1 billion tokens, ensuring transparency and predictable tokenomics.
Price Movement: The all time low price of VIRTUAL was $0.0075, recorded on January 23, 2024 Since then, the token has surged by an impressive 37,000% , highlighting its substantial growth and potential
VIRTUAL is actively traded on 37 markets across 24 exchanges, with Gate. io being the most prominent trading platform. Notably, Binance listed the VIRTUAL/USDT pair with 75x leverage on December 10th, 2023, providing investors with enhanced opportunities for portfolio diversification. The token is also being closely monitored for a potential listing on Coinbase, which could further increase its accessibility and market visibility.
Where ‘Gem Hunting’ Turns Dreams Into Decentralized Dollars"
While new investors might initially find these numbers hard to believe, the concept of "gem hunting" is a proven strategy in cryptocurrency. Gem hunting involves identifying undervalued projects with significant upside potential before they become widely recognized. As demonstrated by Virtuals Protocol's meteoric rise, a single "gem" can offer transformative financial opportunities, changing an investor's life and career trajectory
This highlights the importance of education, research, and strategic investment when navigating the cryptocurrency space
Phemex Analysis #44: VIRTUAL’s 6775% Surge and What's Next?In the ever-evolving world of cryptocurrency, one story stands out: the remarkable journey of VIRTUAL. Since its debut on the Phemex Perpetual USDT market, PHEMEX:VIRTUALUSDT.P has soared an astonishing 97%, climbing from $1.68 to $3.32. But this is just the tip of the iceberg; since its initial launch on February 15, 2024, it has skyrocketed a staggering 6775%, leaping from a mere $0.049 to its current price of $3.32.
As we delve deeper into VIRTUAL's performance, a closer look at the technical analysis reveals intriguing patterns. The 4-hour chart shows that the price is forming a second top, accompanied by an RSI divergence—where the price reaches higher highs while the RSI remains stable. This divergence hints at a potential weakening of momentum, at least within this timeframe.
On the fundamental side, VIRTUAL continues to shine brightly in a competitive landscape filled with formidable challengers like ELIZA Protocol (AI16Z), Alchemist AI, and MyShell.AI. Despite this fierce competition, VIRTUAL's innovative approach and unique offerings position it as a promising player in the AI Agents Protocol space.
Potential Scenarios
As we look ahead, we can envision several potential scenarios for VIRTUAL in the coming days, shaped by key support and resistance levels:
1. Continued Rise
Should the price maintain its upward trajectory, it is likely to consolidate between $3.2 and $2.6 to build momentum before embarking on another climb. However, if it fails to do so, this rise may not hold.
2. Retrace then Rise
After such significant gains over the past two months, a retracement to support levels seems probable before any further ascent. Key support levels at $2.56, $2.33, and $1.88 could provide excellent buying opportunities for those looking to capitalize on dips.
3. Reverse & Keep Dropping
As with many narratives in the crypto world, we must acknowledge the possibility of a reversal once the initial excitement fades. If this occurs, prices could continue to decline—a scenario we’ve witnessed too often in this volatile market. Therefore, setting stop-loss orders is crucial for risk management, particularly if prices dip below $1.8 with high trading volume.
Conclusion
In conclusion, VIRTUAL's journey has been nothing short of extraordinary, marked by impressive growth and resilience in a competitive arena. As traders navigate this dynamic landscape, careful monitoring of technical indicators and market conditions will be vital. The scenarios outlined above serve as a roadmap for potential price movements ahead, underscoring the importance of strategic risk management in this thrilling yet unpredictable market environment.
Tips:
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
VIRTUAL Protocol to the Moon? Next Stop $5Virtuals Protocol (VIRTUAL) has recently hit an all-time high at around 3.13 usd, showing significant momentum. Given its current price surge and market behavior, there are a few key factors to consider for price discovery:
1. Overbought Conditions: VIRTUAL is currently showing signs of being overbought, with the Relative Strength Index (RSI) reaching levels above 70, which typically signals a potential for correction. However, if buying pressure continues, the price could keep rising, as it has been in overbought territory in the recent past and pushed through to new ath's.
2. Resistance and Support Levels: Looking ahead, VIRTUAL's next potential resistance levels could be around $5 aligning with the 161.8 Fibonacci extension level depending on market sentiment and continued buying. Support levels are currently around $2.46 aligning eith the 78.6 fib retracement level and $2 beneath that, with the real possibility of testing lower levels if a correction occurs.
3. Market Trends: The price is still experiencing significant bullish momentum, and if the rising wedge pattern holds, a breakout could push VIRTUAL beyond its current levels. However, it's important to monitor for any signs of a reversal, as price corrections could be imminent.
In summary, while VIRTUAL is in a strong uptrend, be prepared for potential volatility and corrections. Keep an eye on support levels and market indicators like RSI and MACD for signs of trend shifts, but the real indicator will be watching the 2.46 and 2.00 level.
(BTC) bitcoin "miners make less money -- work harder"Due to the halving, the miners make less money. This means the miners have to work twice as hard to make the same amount of money. Historically, a miner earns on transactional process. When that money is conceived into a usage case scenario the money as BTC is spendable, or capable of being saved for later. Right now and since April 19/20th 2024 the newest halving should mean miners make less money and therefore have to work harder to make the same amount of money they were making the four years previously. Miners have to adapt and adjust to the new progress sheets earning less money for the same amount of work as before.
The graph chart indicator appears to show the blue line rising over all over moving average lines. This is a good sign that needs to happen to allocate all moving average lines into an order to represent the pattern where Bitcoin's price increases strongly from retail traders interests. The blue line rose above the other MA lines in July but did not commit and failed to see a complete flip of all MA lines. The line formation is tighter now so it is possible the strength is better this time around despite the price slowly falling month to month since the halving.
My Bollinger Band trend graph indicator shows BTC still in the red based on slower incremental movements.
AVCTif youre in this play. we pulled back and tested this break out zone at around 0.20c. tomorow willl be big when we get jobs market data. so we pulled back and now testing that zone. also the 200 simple is in the same place we"ll want to see if that turns into support. for bulls you want to see this hold and turn it into solid support then get over 0.24c and rip. for bears you want to stay below 0.24 if you can, thats what id look for then to the next level if breached.
these are very volitle in each direction, so be careful. im keeping an eye on it. i have a few tickers like this im just having fun with, im not sure about any news catalyst or anything yet. ill be doing dd tonight. but id assume anything would likely get it moving in corresponding direction.
Usually this is the lowest volitile week of the year. and it was the MOST volitle.
~This is the year of the active trader. happy trading.~
Revomon - VR & Mobile Next Generation Monster catch MetaverseRevomon is probably one of the first promising, partly centralized partly decentralized games, based on both VR and mobile, which allows users to tame monsters and evolve them and fight other players. The game is still mostly in its early stages, however, despite being an alpha access, the game is already playable on virtualreality and mobile with various futures, such as converting collected monsters into NFTs and burning them for rewards, a clan system, a ingame marketplace, and the possibility to fight both, NPCs and other players, future planes, as well as refactoring the clan system, include an open world (with NFT lands), quests, other achievements, new revomon (= revolution monsters) and more marvelous game content will be worked on in the coming months, coupled with more ways to give users the opportunity to earn something on the side while they play.... (play2earn features)
The chart currently looks kinda boring, like most crypto projects it got and still get hit hard by high emission and btc overall drop, altough the team is well funded for next 1 1/2 years and have wide options to collect more funds to keep this promising project alive. I expect to see a market recovery until end of year, with Revomon being a full game, the best candidate to grow with the market again and getting the reputation and awareness its deserves. Buying small batches, via DCA, could lead to a good exposure long term with an acceptable Risk / Reward ratio. The token is oversold in various timeframes, but holding timely better than other metaverse games.
This is not a recommendation to buy or sell Revomon tokens. Do always your own research and never invest more than you can afford to lose
$MANA 4H 50MA turns from resistance to supportPrevious resistance becomes support.
As you can see on the ride up, the 4H 50 MA acted as very strong support up until RSI and MACD boiled over and there was a large correction.
On the way down, anytime MANA tried to gain some ground back it was rejected by the 4H 50MA.
Hopefully, this level holds and MANA can continue on its next leg higher.
Next Targets:
$5.05 (.786 fib)
$5.91 (1 fib)
$7.23 (1.272)
$8.03 (1.414)
$9.33 (1.618 fib)
METAverse Percentage Plays since Facebook announcementQuick look at the %'s of coins that involved with gaming & virtual items
Some like UFO & RNDN and others were not able to be listed due to TradingView not covering them yet
SAND being the biggest gainer, while Axe Inifinity came up pretty poorly, which was a surprise
choose wisely or grab a load of all of them, big things coming in next year!
trade smarter, not harder!
Bitcoin is stuck in a Triangle Bitcoin is stuck in a Triangle ....
Bitcoin is stuck in a symmetrical triangle, which is a bilateral pattern.
But if you look at the StockRSI, it is at oversold zone, which also shows bullish.
TD sequential also signs bullish.
If it goes up, 8300 is work as a strong resistance.
It is hard to break this level.
Such a clear fractal: Get ready, VIBE.If any indication could come from these beautiful fractals, it looks like VIBE is getting ready to absolutely explode.
Enough words from me, see it yourself.
VIBE for another try to C&H.VIBE released their mainnet platform few hours ago,right after their segment on Fox Business Network,you can check their site vibehub.io.
This is my second drawing so please correct every aspect that's wrong.
Decentraland announces land trading marketplace...partnershipsLooking great since the last time I posted about it, Decentraland's Mana coin and associated gaming platform have seen some serious innovation.
Opening a new market-place just two days after I posted my last update, Decentraland now allows holders of land to trade, buy and sell their property. In the works? A partnership with Opskin a platform for buying, selling and trading in-game items.
These are major milestones and the community certainly looks to be supportive...
Following a steep correction after reaching an ATH in mid-March, MANA's market cap dropped more than $16 million.
THEN, recovery began.
After price action bounced from the .382 shooting through 2 horizontal resistance points (black and yellow) it fell again, but not as steeply, from the .236. Since then, Mana has maintained its place above the .382 on my Fib, riding support, which could bring it back to the .236. Volume does seem to have tapered out though and there is always the possibility that price action will fall back through support hitting the .382 once again.
What are your thoughts on Mana and their unique approach to VR entrepreneurship?
Elliott Wave Analysis: BTCUSD Can Be Trading In Final Wave FiveBitcoin is unfolding an impulsive pattern to the upside, which means that red wave 4 correction has ended around the 1800 mark. We now see a five wave impulsive movement which unfolded in black wave 3 and found a top near the 3000 level. Wave 3 can so be completed and recent pullback could represent black wave 4 correction. That said, if wave 4 correction is completed then we can expect a new recovery to follow into the final black wave 5.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
AUDUSDThis pair no seems to have broken a key area 0.72200 and price has held firmly above it , closing the day with a big bullish candle. My bias for now midterm is bullish , as I believe we may see price hit at least 0.73700. However as we have NFP out on the 06/01/17 we may see a possible re-test of 0.72200 which is just slightly under 90 pips or so from where we are currently. However my overall bias is long midterm.