REEF breaks its downtrend for price and RSI. Recovery ahead?Reef Finance finally broke out of its latest downtrend that now lasted over a month.
The support around 0.0165$ held and we got a nice bounce that pushed us through the downtrend trendline.
Next resistance lines are at 0.036$ and 0.05$.
We spot a similar pattern on the RSI where we expect the next resistance to be around 70.
Currently 16 billion REEF tokens out of 20 billion are in circulation.
This is good in terms of inflation risk, meaning there is basically none.
The current price level looks like a nice entry for a long position.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers Ctumbler
Decentralizedfinance
Fibo levels of ETHEREUMcrab harmonic pattern:
X=$12339
1.6 BC=$47
2 BC=$76
2.24 BC=$101
2.6 BC=$163
3.6 BC=$570
4.23 BC=$1237
0.78 XA=$1368
0.88 XA=$3823
6.85 BC=$32630
1.13 XA=$46943
1.27 XA=$202035
1.41 XA=$834505
11.09 BC=$6591184
1.6 XA=$7077736
the master card of cryptocurrencycrab harmonic pattern:
X=$5.5
AB=0.61 XA
BC=0.38 AB
0.78 XA=$2.54
1.6 BC=$2.86
0.88 XA=$3.64
2 BC=$4.47
2.24 BC=$5.92
1.13 XA=$8.8
2.6 BC=$9.2
1.27 XA=$14.69
1.41 XA=$24.2
3.6 BC=$29.63
1.6 XA=$51.25
YearnFinance fundamentally could skyrocketcrab harmonic pattern:
X=$551257
AB=0.61 XA
BC=0.38 AB
1.6 BC=$131518
0.78 XA=$135531
2 BC=$256187
0.88 XA=$261075
2.24 BC=$389481
2.6 BC=$753400
1.13 XA=$1292705
3.6 BC=$4314828
1.41 XA=$8104658
4.23 BC=$12692063
1.6 XA=$31693230
GRAPH will be parabolic soonFibo levels:
1.6 BC=$1.75
2 BC=$2.83
2.24 BC=$3.83
2.6 BC=$6.14
3.6 BC=$21
Last time SUSHI went 47x from hereThe last time SUSHI was at these level in both the RSI and MFI it went up from about .50 to $23.5 (47x). I doubt that we will see the same returns this time around but AS LONG AS we continue in a bull market I think we could hit the 1.618 fib at about $34 (4.5x from here).
technical must be the mirror of fundamental!crab harmonic pattern:
X=$51
AB=0.61 XA
BC=0.38 AB
1.6 BC=$9.98
0.78 XA=$10.31
2 BC=$21
0.88 XA=$21.78
2.24 BC=$33.5
2.6 BC=$70
1.13 XA=$134
1.27 XA=$389
3.61 BC=$491
1.41 XA=$1091
4.23 BC=$1636
1.6 XA=$5163
Is is SUSHI about 5x?I believe we could be seeing a pretty significant bounce for SUSHI over the next couple of weeks heading towards the end of the year.
The SUSHI/BTC pair seems to be in a falling wedge with a break out target at the top of the wedge which would put SUSHI at .00034 of a BTC. Assuming a $100k BTC that would put SUSHI at about $34.
I also don't think it's unreasonable to go back to the golden pocket or to retest the top at .00054 Regardless, I believe SUSHI has a lot to gain in the near future versus. BTC.
AAVE 4H - Upside PotentialHello friends, today I am reviewing the 4H chart for AAVE, a crypto altcoin on a linear scale.
In the chart I noted:
1) The price has been in a descending channel since November 9, 2021.
2) The price hit the bottom long term trendline multiple times on November 18, 2021.
3) The price target for the breakout is around $304, which is a 10% upside. This is also a resistance area.
4) If the price can breakout of the resistance area, it could go as high as $347 or about 25% upside.
5) The Ichimoku Cloud is holding the price down so we may not immediately touch the top of the trendline.
6) The RSI (relative strength index) just broke out of a multi-day trend out of the oversold area.
7) The volume seems very low.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
#UNI Uniswap 1D - Big Move ComingHello friends, today I am reviewing the 1D chart for Uniswap (UNI) on a linear scale.
In the chart I noted:
1) The price has been in a long term triangle with a breakdown since May 2021.
2) Currently, the price hit the bottom of the long term trendline since January 2021 and bounced off of it.
3) The price has the potential to move up about 20% to around $25.41.
3) The RSI came out of the oversold region and has potential to bounce towards the top trendline.
4) The Ichimoku Cloud is above the price and at the top of the cloud is where the resistance is.
5) The Volume is currently very low. If volume comes in, we may be able to break out of this long term triangle.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
resistances in the way of $9.42AB=0.61 X-A
BC=1.6 AB=$9.42
fibo levels:
1.6 bc=$1.55
2 bc=0.78 3-4=$1.92
2.24 bc=$2.21
0.88 AB=$2.33
2.6 bc=$2.75
1.13 AB=$3.71
3.6 bc=$4.85
1.41 AB=$6.31
1.6 AB=$9.42
$BZRX/BTC 3D (Binance Spot) Big falling wedge breakoutbZx Protocol just regained 50MA support and looks great for extra bullish continuation mid-term!
More information about that DeFi / BSC token also part of Avalanche Ecosystem on bzx.network
Current Price= 0.00000709
Buy Entry= 0.00000709 - 0.00000641
Take Profit= 0.00001059 | 0.00001451 | 0.00001909
Stop Loss= 0.00000483
Risk/Reward= 1:2 | 1:4.04 | 1:6.43
Expected Profit= +56.89% | +114.96% | +182.81%
Possible Loss= -28.44%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 5 months
TRB USDT 3D - Binance FuturesTellor Tributes seems like it's forming a Adam & Eve pattern on macro view.
Entering in demand zone (blue range), taking profits on Fib extension levels.
Risk/Reward= 1 : 2.72 | 1 : 5.33 | 1 : 9.37
it could be a valid pitchfork and Fibonacci for C98Fibo levels:
1.6 BC=$5.9
2 BC=$9
2.24 BC=$11.7
2.6 BC=$17.7
3.6 BC=$53
the 3rd wave of Elliott is startingtp1=1.6 BC=$19.7
tp2=2.24 BC=$76 butterfly reversal scenario
tp3=2.6 BC=$178
tp4=3.6 BC=$1620 crab reversal scenario
$AKRO/USDT 3h (Binance Futures) Falling wedge on supportAkropolis has formed a bullish pattern and is likely to resume the up-trend after 100EMA retest.
More information about that DAO / DeFi token also part of Polkadot Ecosystem on www.akropolis.io
Current Price= 0.03194
Buy Entry = 0.03204 - 0.03128
Take Profit= 0.03368 | 0.03565 | 0.03819
Stop Loss= 0.02998
Risk/Reward= 1:1.2 | 1:2.37 | 1:3.89
Expected Profit= +19.14% | +37.80% | +61.89%
Possible Loss= -15.93%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 10 days
$FRONT/BTC 2D (Binance Spot) Falling wedge on supportFrontier is looking interesting here for a bounce towards 100EMA and maybe even a bullish breakout after.
More information about that DeFi / BSC token on frontier.xyz
Current Price= 0.00002127
Buy Entry= 0.00002125 - 0.00001905
Take Profit= 0.00002617 | 0.00003335 | 0.00004160
Stop Loss= 0.00001614
Risk/Reward= 1:1.5 | 1:3.29 | 1:5.35
Expected Profit= +29.88% | +65.51% | +106.45%
Possible Loss= -19.90%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 months
$DEFI/USDT 1h (Binance Futures)Falling broadening wedge breakoutDeFi Composite Index looks good for bullish continuation after regaining 50MA support.
More information about Decentralized Finance tokens on www.binance.com
Current Price= 2365.6
Buy Entry = 2369.3 - 2343.5
Take Profit= 2444.6 | 2518.6 | 2616.1
Stop Loss= 2282.6
Risk/Reward= 1:1.2 | 1:2.2| 1:3.52
Expected Profit= +22.44% | +41.28% | +66.12%
Possible Loss= -18.76%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 6x
Estimated Gain-time= 1 week
$BEL/BTC 2D (Binance Spot) Big falling wedge breakout and retestbella.fi looks bullish here after regaining 50MA support and preparing for a big move up mid-term!
Bella Protocol is not only DeFi but also part of Binance Smart Chain (BSC) and Polygon Ecosystem.
Current Price= 0.00004422
Buy Entry= 0.00004410 - 0.00004038
Take Profit= 0.00005391 | 0.00007094 | 0.00008419
Stop Loss= 0.00003469
Risk/Reward= 1:1.55 | 1:3.8 | 1:5.56
Expected Profit= +27.63% | +67.95% | +99.31%
Possible Loss= -17.87%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 4.5 months
$RSR/BTC 2D (Binance Spot) Big falling wedge near breakoutReserve Rights looks ready for a very bullish move after regaining 50MA and it's being retested right now, fill your bag here.
Current Price= 0.00000085
Buy Entry= 0.00000085 - 0.00000077
Take Profit= 0.00000108 | 0.00000140 | 0.00000164
Stop Loss= 0.00000063
Risk/Reward= 1:1.5 | 1:3.28 | 1:4.61
Expected Profit= +33.33% | +72.84% | +102.47%
Possible Loss= -22.22%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 4.5 months
$REEF/BTC 2D (Binance Spot) Big fat falling wedge breakoutReef.finance is looking very bullish here against Bitcoin on macro view, especially after regaining 50MA support!
Current Price= 0.00000050
Buy Entry= 0.00000051 - 0.00000047
Take Profit= 0.00000067 | 0.00000085 | 0.00000099
Stop Loss= 0.00000037
Risk/Reward= 1:1.5 | 1:3 | 1:4.17
Expected Profit= +36.73% | +73.47% | +102.04%
Possible Loss= -24.49%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 3 months
QTUM Token going through the resistance zone
Information:
This is a cryptocurrency that uses poof of stake consensus, and combines Ethereum´s smart contract with the security of Bitcoin´s unspent transaction output model (UTXO) with a goal of becoming the crypto coin for business focused dApps, meaning that with a higher security between transactions has Qtum the vision to develop dApps at a higher scale.
Signals:
Position: Long
Entry price: 13,772
Target price1: 17,306
Target price 2: 20,474
% gain: P1 = 30% P2: 48%
Indicators:
MACD: The MACD indicator indicates that an upwards trend is starting and that there is bullish movement where the MACD line has passed the signal line and the histogram is opening.
RSI: The RSI line is above 30 at 60,20 but below 70 which indicates that the token is moving forward at a high pace and there might be signs of the token being overbought.
DMI: The ADX line is at 23.57 meaning that we have a trending market in that we have an ADX above 20 but the ADX has not yet to hit 25 in which it would indicate on being a strong trending market. However does the +DI indicate on continuation in this bullish trend.
Fear and Greed: This indicator would indicate that the market has come out from a period of extreme values of fear where the index has stabilized back to its neutral levels at around 47.
Analysis:
The analysis indicated on bullish signals and a trending market and the general positive outlook with more positive mentions in social media showing that a long period is preferred, but only for a short timeframe because of the Fear and Greed Index indicating on somewhat greedy investors and a price correction after the RSI showing stronger signal of the token being overbought.
Not a financial advice
inverse head and shoulders with $5cross of Fibo retracement and median line of pitchfork could be other targets.
