$ONE Potential DistributionLooking like forming H&S pattern on hourly. Im holding some $ONE right now especially farming on DFK with it. Probably gonna hedge short this to net flat
Layer1
ONE of the more bullish large cap charts!Clear support from trend since mid-july
Recently passed over the horizontal resistance
Bounced back from 1.618 Fib level and now probably going to retest the support at 0.26$
Considering the huge number of events and improvements on their roadmap for the next two months, I believe it will hold the support and bounce upwith more momentum
I would stop below the horizontal green line. As it's a project with a lot of upside potential I can be wider with stops.
SOL SZN continues! SOLUSD bounced from the major trend and now in price discovery between the two Fib levels.
RSI is at a medium level and volume is picking up.
First a test of ATH of 220 and later the Fib resistance of 240 is required.
After, targets open.
ATOM WHEN TO ENTER?Be aware of the bearish divergence on RSI if you are thinking of an entry into ATOM. I would wait for price to pull back to trend line.
Also possible cup and handle formation if price retraces to the 0.618 fib.
imo ATOM will have its time to shine after BTC recovers. People are taking profits off SOL and eager to move it into another smart contract layer 1. Also keep your eyes on MATIC.
Avalanche (AVAX) Looking InterestingAvalanche has been in a downtrend now currently oversold on the daily coming off of recently new all time highs. AVAX looks like its been cooling off. Its about to test the low end of this ascending channel. We'll see if this channel holds. Currently trading under point of control. AVAX is still going to be a strong cryptocurrency this cycle. The Avalanche ecosystem is greatly expanding fast. Keep a look out for AVAX, may be priming to set up for another new all time high if it holds this ascending channel. Cheers!
Local Support Zone: $57.30 - $59.90
Point of Control: $63.75
Avalanche (AVAX) Looking to Hit $90 Avalanche has been on a rampage and has held up very well since July 21st. Avalanche is currently in price discovery and it has the potential to hit $90 in the coming weeks with the trend it's currently been on. The Fibonacci level of 1.618 is the next destination for price at around $91.
Current Support Zone: $61-$64
Current Resistance: $72.75
$MOVR Bull Thesis -- Next leg up. Moonriver is a very sophisticated,fast paced and easy to work layer 1. This is EVM friendly and has been in design for years with the assistance of Dr. Gavin Wood.
$MOVR so far has been the most successful parachain in the Kusama network, mainly in terms of explosive price appreciation and a vibrant loyal community. 87% of Crypto Twitter believes that $MOVR has the best meme power in Dotsama ecosystem AND also the best Tokenomics. Don't forget that there are no VC, private or team allocation in the 10m supply. The supply is in the hand of the dotsama community. There are multiple dexes already listing IDOs and NFTs collections. The first Moonsama batch already has a 50 MOVR floors which is impressive. There is hype with Moonriver. All the main influencer want to load up more. We are in whale discovery mode.
This thesis proposes the increase in price from the $300 area towards the $1700 for a full extension and the next major target . Solid place to unload and take profits.
TD Sequential indicator called the 9 sell top during the first extension. Now we have complete a 9 sequence to the downside and there is high probability of a reversal and continuation attempt wit this 9 buy signal. A 3 GREEN daily candle and a daily close above the $400 will seal the deal.
This trade has a lot of potential. The marketcap gap between Moonriver and other competitors like BNB, ADA, SOL, AVAX etc is ridiculous.
Plus Coinbase and Binance listings are high probable because both projects publicly support the work of the Moonbeam foundation.
Expect collaborations with $SUSHI and $CREAM any day now.
LFG!!
FTM: Cycle-End Target $28The $28 is a special Fib-confluence I found and it coincides interestingly enough with the slope of the trendline that FTM has found itself bumping along the entirety of the bull market. The tentative end-cycle macro top will be in late September which would meet our $28 target for FTM.
On the Fundamental side, this coincides with a justification of the TA - FTM is growing its network exponentially. Their transactional growth of 3 million to 10 million in a matter of 2 weeks in unfathomable. Nothing is growing this fast - governments are adopting FTM left and right and ETH volume is shifting over to FTM as it is basically feeless and instantaneous.
FTM Network Growing Exponentially PT $21The FTM Network just announced today that they have grown from 3 million transactions 2 weeks ago on mainnet to 10 million transactions today... it's an insane amount of ETH network related activity moving over to the next gen Layer 1 protocol.
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FTM is about to bend matter again as the continuation pattern is playing out from the bull flag breakout and guess what it is continuing? The prior trend where it just grew 3400% in a matter of weeks.. we will witness yet again another 3400% in the coming weeks due to the real world network adoption of FTM which is near zero fees and instantaneous compared to ETH which is highly congested atm.
NEAR is near a big pumpOne of the newer L1 platforms, one I think will also be listed on Coinbase at some point. Fairly strong and looking good here. Trend is very clean and hasn't had an major issues. Nice consolidation ready for expansion
ZEN getting out of its accumulation zoneAnything backed by Grayscale is worth paying attention to, and ZEN is one of those projects. One of the biggest ones in terms of privacy and with big backers. Potentially it could be listed on Coinbase and I will also present those coming next on Coinbase based on my opinion. The ZENBTC charts looks a bit like ADABTC before the key breakout (on lower timeframes), while the ZENUSD chart broke its ATH, retested and now making a new one. Looking very strong on both pairs and both look special compared to other charts (quite different).
In this thread I have all the alts I think would be listed on Coinbase. The only ones I missed where BNT, 1INCH and SUSHI, but I think more of the ones on the list are coming. Definitely worth talking about some of them.
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NEO looking hot with N3 in the horizonNot much to say on NEO really. Chart looks very clean, support has been reclaimed nicely, looking strong and healthy by moving up slowly and steadily and the big news is the N3 upgrade or essentially new mainnet is coming. This could get a lot of people behind NEO which could do extremely well. The target I have on the chart is just how I see it now but it could go much higher.
NEOBTC also had a massive collapse and completed its cycle, as it came back to where it was before its big pump in 2017
