#HEDRON Head and shoulders target met! UP 34X Incredible action in this bear market.
I expect some sort of pullback as it is also the 0.786 Fib retracement level
Congratulations to those followers who caught any part of this run...
Is it over?
for now maybe, as some rest is likely before a challenge and break of new all time highs
Much like #NFT's have a floor price
I believe Hedron has an underlying roof price linked to the #HEX price ... which will act as a magnet (and also barrier)
Roughly linked to the amount of value one is able to extract making an encapuslated HEX stake on this platform. And minting the entirety of the hEdron upfront (Advance Mint Rewards function)
There is some divergence on the momentum... which has been astounding btw, nothing short of a MOONSHOT,
and the way it has been riding the bollinger bands was almost textbook perfect
As mentioned in previous videos , Hedron is a long term keeper with great product market fit in the #defi ecosphere, and will surpass the 1 Billion dollar market --- when? to be determined .
The current market cap is $311M and ranked #122 on nomics ... and yet ignored by the wider #crypto community
Another reason why investing in and around HEX is laden with so many opportunities ... rather than being sold overhyped pump and dumps by influencers.
DEFI
A good chance, over 172% profitableOn weekly chart,
BINANCE:1INCHUSDT has touched a support and bounce back.
Right now, it's trading at 0.73
Besides, it's broken out Descending Channel. This signal is good for bullish.
Resistance of mid-term at 2.0
On 2H TF, we can join the race when it's testing.
Let's wait and see.
Commence The PumpHello Friends
Since August 14th Eth has been moving down slowly in what I believe is a beautiful flag (or corrective channel pattern as I like to call it).
These corrective channels show up across every asset on Higher and lower time frames.
In fact, almost every multi year bear market correction resembles these channel like structures.
From Bitcoin during the 2017 Bear Market, to AMZN during the Dot com crash, this pattern has distinct characteristics such as:
1. A quick move down with no consolidation or definitive peak formed. (Notice how on August 14th Eth Dropped after only a day and a half of consolidation). This isnt always the case in every pattern.
2. Choppy behavior
3.Usually includes one or multiple rallies between moves down (People call these bear market Rallies)
4.Usually consists of 2-4 lows formed in the channel before reversing and breaking to the upside.
Now back to this current Eth corrective channel on the lower time frames that we're looking at.
I believe we're at the tail end of one of these corrections I described above and 1 of 2 things happen in the near future;
1.The 2 fresh lows the channel has put in are adequate, the pattern is complete, and Eth gets sent back above $2,000.
2.Eth decides "Hey lets give these mfers some more pain" and puts in a third low in the channel around $1200-$1300, before completing the pattern and sending us back above 2k.
The only reason I have so much conviction in this outcome of $2000+ eth again soon, is because I've seen these corrective channel patterns play out hundreds of times in Crypto, stocks, forex, medals, and even NFT charts...Over several years.
But What would invalidate this pattern you ask?
A Straight spike down from here to around $1000 would destroy the channel and invalidate the trade for me. But I would be shocked if that happened.
Cheers guys,
Hope this helped.
Crucial support for Makerdao!This support is crucial for Makerdao to continue the uptrent.
This 750$ price goes whole the way back to 2018, it did not hold it there & leadet to a multi year bearmarket.
If it breaks this year below 700$ another multi year bearmarket is guaranteed.
They anyway nailed Makerdao to the ground from 6k, no words to discribe how insane this is.
Project like YFII are even higher valued, i mean this is Makerdao we are talking here about. In what world a shitcoin like YFII could be higher valued in 2022 then Makerdao??
Anyway, Makerdao complete hammered down from 6k to 700$ INSANE!
We must keep support, if not the floor is the limit!
HEX vs HEDRON ... where is it going? Let me show you. Been tracking this ratio since it's inception, and it's been fascinating watching these two assets circle and oscillate versus each other
Yet there is still more Hedron strength to come in my opinion.
From six figures per Hedron for one HEX
to where it made a double top (and head and shoulders)
to the pattern completion target of 13k... which I believe will happen shortly
(caveat being the overall crypto space is green to stable)
The Bitcoin BounceBitcoin is clearly showing signs of an uptrend. Her highs and lows have steadily increased giving great opportunities for short term swings.
Currently, she has pulled back to 23,200. If she can stay above 22,400 and close bullish this could be another great time to buy.
You may question what timeframe I'm entering on. Or, how long will I hold the trade or what my stop loss will be.
Let me be quick and simple.
#1 I'm trend trading here. I'm going to trade with the flow of the uptrend hence why I am looking for a buy.
#2 I'm taking profits on the way up back to the highs and further.
#3 My stop loss will be located in an area where if price reverses I reverse with it.
Lastly, I'll enter on the daily timeframe because this is where I analyzed this setup.
I hope that was easy to follow. Speaking of following, be sure to follow me here on Tradingview.
Now go be great. Go on now!!!
August 17 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Glassnode, the Number of Ethereum addresses in profit (7d MA) just reached a 3-month high of 5224410.732. Bitcoin is almost flat over the past 24 hours. The largest cryptocurrency attempted to sustain above the psychological resistance at $25,000 for the past three days, but the price could not sustain the higher levels, indicating a loss in upside momentum. If the bears push the price below the 20-day EMA ($23,512), the BTC/USDT pair could find support at $22,000.
Today’s Cryptocurrency Headline
Aave Says On-Chain Wallet Address Censorship will Require DAO Consensus
DeFi lending protocol AAVE stated that wallet monitoring due to government sanctions cannot be implemented at the smart contract level unless the community agrees. Aave said: “As for on-chain, contract-level as it applies to the Aave Protocol, the Aave smart contracts are decentralized — no one person or entity can change, control, update or shut down the protocol. For any change to occur to the protocol, an AIP would have to be proposed, voted on, and approved by the Aave DAO.” The DeFi lender also clarified that the recent block on wallet addresses with indirect Tornado Cash interactions only occurred on its front-end app.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
LINA USDT About Linear Finance
Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.
$ETH/USD 1W (#Coinbase) Huge rising wedge on supportEthereum is falling sharply while RSI is printing new ATL, time to be opportunist and place some juicy bids on 300MA and below!
Current Price= 1030.88
Buy Entry = 915.64 - 739.86
Take Profit= 1265.98 | 1632.40 | 1998.81
Stop Loss= 534.62
Risk/Reward= 1:1.5 | 1:2.75 | 1:4
Expected Profit= +52.94% | +97.21% | +141.47%
Possible Loss= -35.41%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 1 year
Tags: #ETH #ETHUSDT #WETH #Altcoin #PoW #Eth2 #PoS #Governance #SC #DApp #DeFi
Website: ethereum.org
Contracts:
#Mainnet
#ERC20 0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2
#BEP20 0x2170ed0880ac9a755fd29b2688956bd959f933f8
#BEP2 ETH-1C9
#AVAXC 0xf20d962a6c8f70c731bd838a3a388d7d48fa6e15
#SPL 2FPyTwcZLUg1MDrwsyoP4D6s1tM7hAkHYRjkNb5w6Pxk
Trading opportunity for UNIUSDT UniswapBased on technical factors there is a Long position in :
📊 UNIUSDT Uniswap
🔵 Long Now 9.41
🧯 Stop loss 7.45
🏹 Target 1 11.60
🏹 Target 2 13.90
🏹 Target 3 16.10
💸Capital : 1%
We hope it is profitable for you ❤️
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BITCOIN - Comeback ? - • Sentiment is slowly improving in the markets, benefiting cryptocurrencies
• Bitcoin advancing slowly since the start of the 3rd quarter
• Series of higher lows and higher highs
• Ascending channel on daily chart
• Bulls need to break the 24700 level to confirm the higher highs pattern
• Second resistance to break is 26600
XTZTo understand XTZ & EOS is to understand zombie blockchain theory. Last year AVAX SOL ATOM where the winners against ETH via the defi pump where XTZ & EOS were to ETH back in 2017-2018 winners because they were competing vs ETH for smart contracts.
But since then there has been no FA news no developments. While ETH AVAX SOL ATOM ADA are constantly growing. So moral of the story is this coin will stay Zombified until either FA comes out or not.
$STX/BTC is about to explodeBuying volume is increasing and Bollinger Bands are really tight, and that means it's getting volatile.
STX is currently trading in my buying zone for 3 months. It's the 0.618 en 0.65 Fibonacci retracement from the last impulsive wave 1.
From Stacks' market history, it can be seen that stacks has a habit of showing explosive price rises.
As Bitcoin continues to move between 20k-24k and loses market dominance, it seems that this will give room for sats to rise significantly in value.
My expectation is that the 0.382 Fib will be a first point of resistance (2764 sats). Seen from the current price, this is a 45% increase in sats value.