Tropnik

Tropnik

The formation of ascending triangle lasted 175 days ended with a breakdown with subsequent testing. Price also touched moving average, which is a watershed at the moment. If we go below the moving average - this is a bearish signal, if above - in this case, the likely target after ascending triangle breakdown = $4.9.

Tropnik

Pay attention to the moving average. After the price broke through and tested it in September, we saw 86% gain at the peak. If the past repeats itself now, we may well expect a similar scenario. Also, look at the volumes - there is an accumulation.

Tropnik

MINA is not used anywhere at all. You can farm it, then sell it and tell the buyer about 22 kilobytes and ICO. Yes, perhaps there is a technology hidden here that Vitalik Buterin can tell you about by drawing complex formulas on the board... But also, Vitalik once said that the privacy technology on which MINA is based MAY become popular and used in 10 years. So...

Tropnik

The only thing that confuses me is the falling volumes as price lows increase. And so everything is quite curious, given that the time of a possible triangle breakdown coincides with the beginning of a new bullish trend. Time, not price.

Tropnik

Can this be called testing after the breakdown of descending channel? Probably. Long candle wicks can indicate about low asset liquidity, therefore slightly spoiling the overall picture. Based on the fact that we probably tested descending channel and showed the 6th largest green bar of the histogram, it can be argued that this is a good entry point, considering...

Tropnik

In the spring of 2023, giant amount of tokens unlock reserved for Yuga Labs and BAYC founders begin. Add to this the start of staking, where the happy bored ape NFT owners and whales will earn income. Descending triangle target is exactly worked out. From now on, I only foresee a downward movement, since there is no token utility for other than selling.

Tropnik

Usually, the appearance of a descending triangle is an indicator of a trend continuation. In the AAVE case, this is a downward movement to $26 area. Subjectively and speculatively, I'm not sure that we will see these target, but so far everything looks convincing and the goal in breaking through the triangle may be quite achievable.

Tropnik

Pay attention to the buy volume on the histogram green bars. It's impressive! The asset has no utility at all, but it is accumulated and practically not sold. And starting from June, the asset is ONLY accumulated.

Tropnik

We have a global sideways with a fairly wide price range. For the first time in history, we have oversold RSI. After exiting oversold, a 40% bounce can be expected. Also, there is a death cross that reports a new yearly low below $0.21, but this seems unrealistic to me as there is not enough liquidity on the exchanges for KILT and it was a squeeze ( although the...

Tropnik

A long-term bearish trend has formed a descending triangle with a target of $0.66. Potentially reaching this target could send the price to the lower of the descending channel... With a time shift it could be, say $0.32. Subjectively, I am skeptical about FLOW. IMO, this is a manipulative asset with a dubious ecosystem, although on-chain stats report record...

Tropnik

At the moment, Ethereum works for the rich. The high transaction fees make it impossible to use this for the average user, let alone the fee to interact with the contract - it's prohibitively wild. But the price is holding and holding decently high. Speculation, expectations and Vitalik Buterin's twitter is an extremely powerful mixture. So far, Ethereum is the...

Tropnik

The bear market is almost over and investors have a chance to buy DOT at end-2020 prices. RSI has come out of the oversold zone while the price is testing its yearly lows. There are many rumors regarding DOT, but the fact remains that Polkadot is the most developed crypto asset on GitHub . This can be an excellent base for investment!

Tropnik

For the second time in half a year, and for the fourth time in its history, ATOM is testing the lower of the global ascending channel. ATOM tests being in RSI oversold zone and with falling volumes against increasing lows. It is extremely controversial to be an ATOM holder at the moment.

Tropnik

The price has formed a long bearish trend, which ends with the breakdown of descending channel and formation of a falling wedge. Based on this and continued bearish trend, the formation of a falling wedge indicates a potential trend reversal. In short term, if indicators show the right picture, you can get 130% gain.

Tropnik

XRP fell out of the ascending channel, in which it was moved for about 3 thousand days. This is a bearish signal given the likely problems with SEC.

Tropnik

On the one hand, we have been testing the upper line of the descending channel since August and are preparing for breakdown with $19.7 target. On the other hand, the price has formed a descending triangle with $3 target. Which of the options will be valid will decide the global trend.

Tropnik

$2 - $1,32 is the best entry point for a set of positions. This could result in a 300% short term gain after a global trend change. We have also entered the oversold zone and, in my opinion, we will not stay in it for long, because weak hands are drying up, sentiment is changing, the land sale phase is almost over, and the date of metaverse launching into...

Tropnik

Wild price fluctuations for 10 months speak of the extreme degree of unhealthy for this token. If public pressure continues, we will see lower prices. But RSI is talking about oversold. Market sentiment is conflicting. Also, remember, Waves algorithmic stablecoin is in trouble.