CHR Chromia Price PredictionGrayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
In this context, price target for CHR Chromia is $0.47.
Looking forward to read your opinion about it.
Altcoinstowatch
Next Cycle for DOT Would Take Us This High...Hit follow to stay updated and the Like button if you find this useful.
This one's real simple. Consolidate on previous 3rd wave top and blast off to 100$, If we fall back into the range then likely an A wave of an ABC in red and the previous 5 wave cycle is correcting itself.
I'm leaning bullish on this one. We have had upwards of 30+ dollars tagged for the first cycle in the discord since December. We've had this pegged since 3-5$ and has been a huge gainer thus far.
If you don't have some DOT then here's the next area I'd be looking to consolidate at to pick some up for the next cycle.
Thanks for following and liking. Stay tuned for updates.
IMX/USD Has huge upside potential if this support zone holdsHello traders,
I leverage Elliott Wave to identify patterns in the market but pair 3 other crucial components with it to execute a full trading system called the NewWave System.
This chart highlights how IMX could have the potential to create a new cycle towards the upside. It pulled back to a .618 retracement of previous cycle, we have a double tap on crucial support zone of previous cycle and our current rally is steep enough to potentially work its way through the red resistance zone as the start of something.
Let me know in the comments below if this looks appealing to you or if you see something more concerning OR optimistic than I've highlighted here.
Creating successful traders,
NewWave Traders
NEO at lower line of ascending channel#NEO/USDT
$NEO hold the lower lone of ascending parallel channel.
🐮 price can head up to middle line of channel that is the same with resistance zone between 0.5 and 0.618 fib levels of last swing down.
break out from upper line will increase price to resistance zone between $35 and $40
🐻 rejection from middle line of channel can drop price to lower line again and break down from lower line will decrease price toward $17 and $14.
KNC one of the strongest!The Kyber Network Crystal (KNC) is mapping out to be one beautiful structural set up that is bullish asf. It’s an alt coin that I have had my eye on for awhile now and it’s function is so relevant with what we are seeing in the global markets today. It has relatively used the 20 day as its trend and followed it pretty accurately even on the weekly.
KNC Is imo a hella good coin to put down on. It’s stayed afloat even in the most volitile weeks we’ve seen recently.
This is no finance advice and DYOR.
ALTCOINS (TOTAL3 )GONNA BLEED....? NEXT DAYLY TREND CHARTALTCOINS (TOTAL3 )GONNA BLEED....? NEXT DAYLY TREND CHART
As you can see H&S pattern is clearly seen on the chart and breaking neckline the blood bath for altcoins.
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
CKB between linesIt could consolidate between those lines but we will see its move and i will update when we have some validation about the move.
Much love <3
Potential breakout soonThere are 3-4 indicators currently pointing towards a potential breakout very soon.
- RSI touched the oversold area.
- RSI decline has been broken out of
- Sell pressure is declining
- A falling wedge breakout that appears imminent
I'm not trading NANO however my suggestion for a stop loss would be best below the wedge at around 0.0000940.
The falling wedge breakout target would be at 0.0001665 (52%) the next resistance above that are 0.0002370 and 0.0003600.
This is not financial advice.
Celo is about to breakout! CELO/BTC Daily Chart.I've labelled the specific points that could represent a Wyckoff accumulation patttern. The 5 phases represent:
(A) controlling the downtrend to a stop
(B) buying and selling to create a trading range in order to accumulate as much as possible
(C) testing supply to conclude when accumulation has been maximized
(D) transitioning to an uptrend
(E) executing the breakout to a successful uptrend
What do you guys think would love to hear your comments?
DISCLAIMER: Not professional advice, just opinion and should not be used to make investment decisions.
Wyckoff pattern playing out on NANOIt looks as we have a Wyckoff accumulation pattern playing out on NANO.
It appears we are currently in Phase C of Wyckoffs accumulation pattern with a last shake out.
In phase D we should see price moving to the top of the resistance line and phase E a full blown take off.
This is not financial advice.
ALGOUSDT - LONG SETUPAlgo closed yesterdays daily candle above daily resistance, we can also see on the 4hr timeframe new bullish price action we have broke above this counter trendline and formed the right shoulder of this nice inverted head and shoulders formation, we are currently retesting previous resistance as new support and we can expect to see the contination to the upside to follow.
DASHHere is the DASH game plan guys. Also note this is a LT hold for me so I may try to carry this coin out into Oct. But for a trade I think $750 or the 1.618 fib extension is a reasonable target.
Also the Goat Greg Manerinio is buying DASH heavy so I suggest you do the same b c he is literally never wrong.
$LINA - Big potential$LINA had a nice bullish breakout from the descending formation
8 or so up candles and exhausted momentum caused a holt
Looking to get long on some of these down/demand candles as the payoff could be mental if it reaches back to range/initial highs
$BTC is actually at resistance though so I haven't DCA'd/opened yet!
See you at 20 cents soon, pls...
LINAUSDT - BREAKOUTLINA has broke out of this massive falling wedge on the daily timeframe with a impulse to the upside and is now currently retesting previous resistance as new support which is aligning perfectly with the 0.50 fibonacci taken on the impulse leg, we can also see this nice inverted head and shoulders on the daily timeframe. I am expecting the continuation to the upside to follow, we will be waiting on the 4hr timeframe for entry rules to be met before we can possibly take this long.