Ronin UpdateAnd the bleeding continues but I think it would not be for long. RSI is crying to go up already. Long term bullish on RON!
RONUSDT trade ideas
RON/USDT Analysis, LONG!RON/USDT Is compressed inside the triangle. By breaking above the pattern, it can continue its upward movement.
Strong supply area inside the flag pattern, Im buying!
Double bottom - double top RONChart showed classic double bottom. Will the downtrend continue from a double top? Let us all wait to see it playout!
Ronin surges by 30% in a day amid upcoming token unlockToken unlocks
A bullish sentiment has dominated the start of the new year, with Bitcoin up 39% since January 1. With token unlock events going live, some prominent altcoins are also gaining ground, with BTC prices rising.
Axie Infinity (AXS), based on Ronin, surged by 40% before releasing $64 million worth of AXS-locked tokens. The decentralized derivatives exchange dYdX‘s cryptocurrency gained more than 60% this month before its token unlocking event on Feb. 2.
By gaining more than $250 billion since Jan. 1, cryptocurrency market capitalization has crossed the $1 trillion mark, with speculative altcoins playing a part.
From 0.19$ last November 2022, RONIN token is now at 1.050$ ++ and filling up the imbalances from the last year downtrend
Ronin Network Staking $RON $AXSDon't think I'll take this trade (simply because I think there are better trades out there), but I like the thought-experiment around $RON staking coming early next year, what that means for $AXS outflows and where price could go. The fib extension and 10 cents price marker represents a further and healthy 50% drop, and if the timing is right, potentially seeing that AXS → RON sell-off as tribal followers think RON will do another crazy move like AXS did and exchange into it.
RONUSDT$RON has formed a cup and handle pattern and supported with the indicator showing long, from $0.3777, TP - $1.761, SL - $0.3003. Largely dependent on #BTC movements in the coming days or weeks.
REKT INFINITYPeople who bought the useless scam coin named Ron got rekt to infinity and will get even more rekt over the coming months. Stay tuned for more.
North Korea May Be Behind AXS/RON HackFrom the Wall Street Journal:
"U.S. law enforcement linked the Lazarus Group, an online crime syndicate connected to the North Korean government, to the $540 million hack of the online game Axie Infinity last month.
The theft, infiltrating the network upon which the game is run, was one of the largest in the 13-year history of cryptocurrencies. The perpetrators stole 173,600 ether and 25.5 million of the stablecoin USD Coin, or USDC, worth about $540 million at the time of the attack."
www.wsj.com
$RON (RONIN Network) Swing Long Set Up 45% PROFIT!I am quite speechless about what $RON did, I did expect this coin to consolidate for a few weeks however, it has hit TP1 2.0 and TP2 2.25, and TP3 2.5.
I...Told...You...So...
Previous Signal Given:
Entry: 1.6 - 1.7
Target: 2.0 - 2.25 - 2.5 - 2.75 - 3.0+
SL: 1.44
I do expect a pullback
RON (RONIN Network) Swing Long Set Up / Price PredictionThis is just really a hunch but I believe a 1 month accumulation period for Ronin Network will occur after this 30% move to the downward side, and once this period has concluded my thesis is that volume will start to come into this coin smashing it right through $2.5
Entry: 1.6 - 1.7
Target: 2.0 - 2.25 - 2.5- 2.75 - 3.0+
SL: 1.44
Ronin, The Chinese Master.Once upon time existed a man who spent his life trying to catch the best NFT game to enrich it self.... He called Bitcoin a shit coin with no value and he prefered XRP.
His name was Ronin
He tried years for that, but the history of Ronin was tragic.
After he losts 500 millions with some pretty cute bubble oin oin animals (super special very cute animals) because of a thief, he end up commiting suicide.
