PEOPLE is ready for a 1333% profit. Buy nowPEOPLE is incredibly bullish at this moment. We can see that this is the strongest weekly candle in the history of this coin. Is this a bullish or bearish sign? Of course, bullish! We have a falling wedge pattern, and as per classic technical analysis, the target of the falling wedge is the top of the wedge, which is the previous all-time high. What about the volume indicator? Volume is the strongest in history and also a very bullish sign. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Constitution DAO (PEOPLE) was another instance of an internet-based grassroots movement taking on establishment symbols with the help of cryptocurrencies. Similar to what happened with GameStop, Constitution DAO channeled the virtual power of the masses to only narrowly miss out on making real-world history.
The DAO published its first tweet on November 12, only six days before the Sothebyโs auction on November 18. The copy of the Constitution was the last remaining privately-owned copy, and the first time a copy of the Constitution went on sale in 33 years. Within hours, the DAOโs Discord server grew several thousand people strong and eventually reached 20,000 members within a little over a week.
Relying on a mix of Nicolas Cage memes, inspired by a movie in which Cage is trying to steal the Constitution, and the crypto-specific (x,x) meme first popularized by Olympus (OHM), the attempt quickly went viral on Crypto Twitter. The DAO used Juicebox to receive donations in Ether and collected a sum north of $47 million, which would have easily been enough to win the auction, had it not been for the auction house fees and storage costs for the document that were not accounted for by the DAO. Ironically, Ken Griffin, a declared opponent of Bitcoin, won the auction.
In the aftermath of this saga, Constitution DAO announced it would dissolve as it had planned in case of failure from the very beginning. It cited technical and administrative requirements as reasons for doing so, and donations can be reclaimed for an indefinite period of time via the projectโs website. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
PEOPLEUSDT trade ideas
People Had High Positive Volume YesterdayLast time people pinged like this on us it blew up 700% in one day.
We see it formed a symmetrical triangle
We're ranging out, resting on the moving average
The positive volume and resting on the fib line indicates we're about to continue our uptrend
Stay tuned!
Mock Up Price Action for PEOPLE | Mid-Near Term (4HMock Up Price Action for BINANCE:PEOPLEUSDT | Mid-Near Term (4HR)
- Watching and waiting for THE opportunity to enter short, targets under consideration marked
- This looks and feels like a MEXC:1000PEPE2USDT.P moment with double peaks one after another, with the second peak for 1000PEPE2 at roughly 40% higher than the first OR even more drastic something like with BINANCE:TRBUSDT
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Mock Up Price Action for PEOPLE | Near Term (30MIN)Mock Up Price Action for BINANCE:PEOPLEUSDT | Near Term (30MIN)
- Watching and waiting for THE opportunity to enter short, targets under consideration marked
- This looks and feels like a MEXC:1000PEPE2USDT.P moment with double peaks one after another, with the second peak for 1000PEPE2 at roughly 40% higher than the first.
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
CRYPTO : PEOPLEUSDTHM signal v2.0 (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement and support well at good level @ 0.03576-0.03855
- Trending slow and steady if able to hold above the support zone
It is at extremely good reward to risk level now if able to hold above the support level.
PEOPLE next jump!!! PEOPLE changed its bearish momentum to bullish momentum. It needs more fuel to go towards the supply zone. A possible new HL could be marked demand zone which is perfectly aligned with 0.6 to 0.5 fib level.
Entry: 0.03785
Tp: 0.05271
Sl: 0.03003 if the 2-hour candle closes below this.
PEOPLE/USDT Success Breakout the key level or Back to rejected ?๐ PEOPLE has undeniably garnered significant attention in the market. Currently, PEOPLE is facing challenges breaking the resistance area, evident from historical rejections in this zone. There's a possibility that PEOPLE will make another attempt to break out of the resistance area, a crucial step for sustaining the upward movement. A successful breakout could propel PEOPLE toward the next major supply area.
๐ However, if PEOPLE encounters resistance and fails to break out, it may face rejection and return to the retesting phase at the demand area.
๐ The unfavorable scenario is confirmed if, during the retesting phase at the demand area, PEOPLE fails to maintain its position and undergoes a breakdown. In such a case, PEOPLE may revert to the next lower demand area, requiring a bounce to reclaim the demand before considering further upward or downward movement toward a strong support area.
Short Below Last Lower The market currently exhibits a concerning scenario characterized by a bearish divergence, followed by the emergence of a head and shoulders pattern. The recent breakout below the neckline of this pattern has heightened apprehensions among traders, as it signals a potential shift in trend dynamics. What adds to the unease for buyers is the formation of a new lower low, indicating a sustained downward trajectory.
Mock Up Price Action for PEOPLE | Near Term (30MIN)Mock Up Price Action for BINANCE:PEOPLEUSDT | Near Term (30MIN)
- Watching and waiting for THE opportunity to enter short
- This looks and feels like a MEXC:1000PEPE2USDT.P moment with double peaks one after another, just on a much quicker timeframe!
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
Entered into a short early without doing my typical level of research. Upon closer inspection, I closed at a 15 percent loss, as the alternative if I'm right about this, would be losing all of the funds within this isolated margin futures position. Adjusted my entry point.