Possible parallel channel break out. - 1.618 Fib Ext & Channel target is $8.51 to $9.13 - Plucked positions at green circles for long term hold - RSI continues to rise - Above 200 day SMA (same as 40 week SMA) - Failure to break above (which is very possible) will only lead me to make another allocation on RSI trend line retest. NUBANK Fundamentals look...
This one is a total crapshoot. ticker is historically pumped and dumped, my guess is that another catalyst is delivered this week to churn up mania buying again. Then itll be out of gas for a while be cautious if attempting to invest long term in Trump proxy-grifter corporations like this.
Great risk reward set up to long at this level. See chart for stop loss and target
Bitcoin is currently trading below the point of control. The value area low is the next target at $30,000. I will be looking to enter a long position if we sweep the lows and reclaim the lower purple line which is support. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts...
NUM coin (Number Protocol) is definitely one to keep an eye on and or invest in as it's worth a lot more I think From their website: "We are an open and decentralized network designed to ensure provenance for all types of creative works created by humans & AI By making digital media traceable and verifiable, we are able to address critical issues in the digital...
After almost 2 years of consolidation it looks like 20% may be breached soon and then 25-30% likely in the future this year
Shiba is in a bullish pull back of a bearish market structure, after reaching the resistance block where it will be touching the resistance line of a correction for the third time meaning within the structure...the will be a high probability that shiba will be selling
Recent news of potential attacks on wallet applications built on the Solana ecosystem, resulting in lost funds, has once again highlighted the long-running problems around the difficulties in securing hot wallets1. As a reminder, "hot wallets" involve storing private keys used to sign digital assets transactions, on a computer or phone connected to the internet....
Target: $10,000 to $14,000 Why? 1) Gold and Silver appear to be nearing bottoms. 2) The use of digital currencies to escape the rules and regulations of national treasuries and governments is fading quickly. I imagine the US IRS hiring 87,000 individuals has some correlation to digital asset holdings and their use. 3) Contrary to bitcoin's stellar...
Bitcoin BTC/USDT 2H low volume, currently bears have control and dictating the pace of the asset on most time frames. rsi and Stoch rsi of 59.87 and 48.60 fairly neutral for now, I see a retest of 19533, twice used as support,(double bottom). If respected, triple bottom could see some upside to 20544 a previous resistance and then to 21839 if the bulls can regain...
bitcoin on the weekly, support and resistances drawn, fibs to consider. overall market sentiment is currently bearish, with optimism. September Fed rate review is something to consider. $btc seems content being under $22k for now
The digital asset ecosystem as a whole has retreated from all-time highs of over US$3 trillion in November 2021. Now sitting just below US$1 trillion in mid-July 20221, the drawdown of -73% has been vertiginous for the recently initiated. However, this is not the first time that such drawdowns have occurred in the digital asset ecosystem. In fact, it is fairly...
It is important to categorise correctly. Marco Polo, when in Sumatra, thought that he had seen unicorns. “Very nearly as big” as the “wild elephants”, he wrote in ‘The Travels’. Sig. Polo in fact saw rhinoceroses. All month long obituaries for Decentralized Finance (DeFi) have been written1 as exposure to the liquidation of Three Arrows Capital, a hedge fund,...
2022 has seen a number of major public policy shifts for digital assets in the United States, United (UK) Kingdom and the European Union (EU). Far from banning digital assets, the new announcements are overt and positive signs that digital assets are being integrated into existing regulatory and legislative frameworks in different parts of the world. Now that the...
Couldnt hold past level now forming a bullish falling wedge. In the past BTC outperformed the stock market but also had pullbacks. Logarithmic regression.
When (if) the crypto market starts to head back north or more accurately when BITCOIN starts heading north (BITCOIN is the engine that drives the cryptocurrency express), its worthwhile noting some of the more "established" coins are likely to present excellent buying opportunities. My list of assets include SOL (Solano) ADA (Cardano) DOT (Polkadot) XRP (Ripple)...
Hedge Idea ( Long ): Entry: $1899.00 Entry Date: July 4 - Sept. 07 Price Target: $4,000.00 Target Date: Q4 22' - Q1 23' ( Short ) Entry: $4,000.00 Entry Date: Q4 22' - Q1 23' Price Target: $1899.00 Target Date: Q2 23'
Why I went in heavy on XDC: 1 Uphold recently announced they would add XDC to their platform 2 Stong marketing action behind the coin (national sports team) 3 It is an ISO 20022 coin 3 Technical analysis is showing strong set up 4 Very much undervalued coin (still small 800 million market cap) 5 Supported by the World Trade Organisation who are backing this...