SEED_DONKEYDAN_MARKET_CAP:METIS showing some weakness here, part of market wide pressure - Obviously fundamentals remain strong but there is a large gap from $46 to $66 that looks like it could get filled. Price currently hovering around the EMA 50 on the daily, trying to find support, however price action appear weakening. We may see a bounce again but I...
KUCOIN:METISUSDT - has been on an excellent run, getting in at $20 was a good investment - however, worth keeping in mind that there are going to be pullbacks, and if you're actively trading this (*I am 50%) then we are coming up to a useful moment. What larger players are looking for are liquidity levels into which they can either buy or sell. The last MAJOR...
GATEIO:METISUSDT - Okay so as suspected we "just" pipped the first of the two liquidity levels before falling back (*blue box). I have to say was caught a little off guard here, expected it to run a little higher and so was washed out of some trades. There were three levels of support that I was watching, the first was at the confluence of the 8H EMA20 -...
GATEIO:METISUSDT has as proposed flipped ~$80 prior resistance to support and is now sitting in a tight accumulation pattern. Looking at the weekly chart - we are sitting around a long term S/R - Upcoming market dynamics - be that the full announcement of community sequencing activity, the EDF details, $HERMES V2 concentrated liquidity set up - are all quite...
BINANCE:ICPUSDT - just broken out of it wedge, gaining volume Looking to trade this breakout - ideally on a retest of upper side of accumulation channel If it is going to retest this level - look for a failure to break recent high...
BINANCE:BLZUSDT - More and more convincingly forming a flat bottomed wedge, declining volumes, with a rising probability of a breakout to the upside. HOWEVER - sitting just below the "floor" of the wedge lies a quite significant FV gap - Hence if this breaks down - look to see a reversal once this gap is engulfed. Place stops below it...
Significant moves by BINANCE:SNXUSDT driven by protocol decision to end token inflation - However after passing through heavy long term resistance band (Blue box) failed to take next resistance level... Since then has been in a conjoining wedge - as fails to make headway in either direction - How I'm trading this: 1) Watch to see declining volumes on a...
BINANCE:AAVEUSDT - in the process of breaking above a heavy long term support - if it can convincing take this level and flip to support - next serious resistances are at 132 and 157... Not trading this yet but keeping a close eye...
FWB:BLZ has been on a hell of a tear - Currently having smashed through a long term resistance at around 0.3360 and headed north to try the next at 0.3950 - didn't break and returned to the newly formed support at 0.3360... It is currently on the 3rd re-test of this support - and in a clear falling wedge / Cup Handle with falling volumes... What I am looking...
As GATEIO:METISUSDT continues its rise - it has blasted through the resistance at around $80-$85 resistance band, I expect this to become a support (if needed - *doubtful at present). There is nothing but air between here and ~$100 where we will meet both a zone of prior support / resistance but also the psychological level of 3 figures... > Expect to see...
GATEIO:METISUSDT Consolidating in an apparent trend... Blue line and blue box show the converging falling wedge, in association with falling volumes - high liklihood of a continuing upwards breakout. On the downside - if blue box is broken it will then form support and I would expect price to trend lower with 20-50 SMMA on 4hrly chart. Given upcoming...
GATEIO:METISUSDT is blasting through - The flywheel being proffered by the METIS-Eco Development Fund is the main driver - As is shifting $$$ from SOL rotatooors... Re. EDF - the specifics are going to be revealed on the 3rd Jan -> appearance of "points" system that will "maybe" relate to some unlockable value - - - maybe not > hence this date is a bit of a...
$METIS has just blasted through 200 SSMA on the daily - double retest and is ready to send! Trading this as follows: > If price clears Resistance one (R1) - FULL SEND to TP#1 then TP#2 prior to consolidation. Upside potential: 20-30% > If rejected from (R1) expect a retest of the 20 SSMA at around the overlay with the 200 SSMA, which would represent a 3rd...
KUCOIN:XCNUSDC - No doubt a "pre-rugged" coin - Fundamentals are interesting for spot - but if trading is more your style then watch the value consolidation between 20 & 50 SMMA - prepping for a move skyward.... Trade Idea: Target gap at 0.00340 / coincidental with 200 SMMA on daily... Invalidation is losing the 50 SMMA on daily (or 100 if you're holding spot...
FTX may be done but the ecosystem is still exigent and interesting... Long accumulation period at the bottom and little movement with the L1 narrative ? Opportunity.... BINANCE:FTTUSDT has been rejected from the 100 SMMA on 8h - momentum is weakening - Seeing a price collapse with resistance becoming the band between 20-50 SMMA until finding support in...
BINANCE:XRPUSDTPERP - Showing weakening impulses, whilst recurrence in OI - short bets accumulating rapidly. Liquidity gap lacking but plenty of shorts to hunt above. Expect further push to the area of resistance shown then a break down. Given the XRP market may well expect a "stop-hunt" candle at the peak - be wary. Invalidation close above... Macro...
BINANCE:AVAXUSDTPERP Looking for a continuation to the blue PRZ Then formation of support for a (temporary) bounce towards the 200 EMA/MA confluence SLs tight - be wary of Macro environment