CHILIZ-USDTChiliz, the fan engagement platform, rose to all-time highs in the first quarter of 2021. With the wave of NFT going on in the crypto markets ushered in by the headlines of Everydays: The first 5000 days being sold out for a whopping $69 million and Jack Dorsey converting his first tweet into an NFT brought the NFT ecosystem into prominence.
Chiliz too witnessed enormous momentum in the first quarter of 2021, it went on a meteoric rise and witnessed 47x appreciation in its asset price thereby hitting a high of ~$0.94 on March 12. Since then, it has retraced by 78.6% of the prior single-shot bull move as per the Fibonacci levels.
On the Daily Time Frame, Chiliz is currently trading below its 50 and 100 DEMA that signals the control of bears on its tokens. The support to the lower side is present at $0.18 while it may face resistance at the levels of $0.33 due to the presence of 50 and 100 DEMA.
In the near future, it may face difficulty in its journey towards its highs. However, Chiliz as a platform holds value and it may be accumulated with a long-term investment horizon.
Altcointrading
CRV-USDTCurve Finance is currently the leader of the DEX ecosystem on Ethereum in terms of Total Value Locked ($7.35 Bn). While the fees on Uniswap v2 is 0.3% per trade, on the flip side, Curve charges merely 0.04% – a nearly 10x difference. Curve’s infrastructure is built to offer minimum slippage and lower gas fees as it focuses on swapping between similar assets thereby suppressing the volatility.
As the median transaction fees on Ethereum is at its lowest levels since Jan 2021 ($2.37 at the time of writing), Curve is well placed to capture the market opportunity available in its vertical. Its partnership with Polygon is a major milestone as it would encourage investors to provide liquidity at negligible fees and swap their assets seamlessly.
At the time of writing, the CMP of Curve is $2.37 and its Market Capitalisation is worth ~$848 Mn. Therefore, the Market Cap/ TVL Ratio is 0.08 which makes the token’s valuation highly undervalued and could be treated as an Accumulation opportunity.
On the Daily Time Frame, Curve is trading in a Range while the lower base of the pattern is at $1.22 while the upper band is present at $4.17.
The support to the lower side is present at $1.55 followed by $1.55 while the resistance to the higher side is placed at $2.7 followed by $3.48. Fundamentally, the CRV token is undervalued and being a leader of the DEX ecosystem on the Ethereum network, the current dip can be considered as a Buying opportunity.
SOL-USDTSolana is a high-performance layer-1 solution optimized for scalability, it can scale to 50K transactions per second. In the past 1 week, in terms of development activity on the blockchain, Solana has secured the 3rd spot with 348 commits. TVL locked in the DeFi protocols built on Solana Blockchain stands at $997 Mn.
Solana came down ~67% from its all-time high of ~$58.3 and has currently taken support at 50 DEMA. It has bounced back from its recent low of ~$19.1 and is currently trading at $43.4.
It is currently forming a strong bullish candle and the news of acceptance of BTC as a Legal tender is set to support the crypto ecosystem to rise higher.
The support to the lower side is present at $36 while as SOL is trading above its 50 DEMA, it looks adamant to move to new highs and may give targets of $50.
MATIC-USDTOn the Daily Time Frame, Matic is currently trading at its 20 DEMA. If this support level breaks, the level of $1.47 followed by $1.30 (50 DEMA) will likely act as a support level to the lower side.
On the higher side, a Resistance trendline can be drawn connecting the recent two highs. Thus, the level of $1.95 will likely act as resistance. A close above the trendline will trigger the price to the level of $2.2 and $2.47 respectively.
With the leaders of the crypto space such as Sushiswap, Aave partnering with Polygon, the shift of IDO platforms such as Polkastarter, Dodo and Poolz and the rising trend of projects from all verticals- NFT, DeFi, developing on Polygon, Matic is set to gain its position in the top 10 crypto projects.
MDX-USDT( Ascending Channel)Mdex is an AMM based decentralized exchange that implements a dual-chain DEX model based on the Huobi Eco Chain and Ethereum. It combines the advantage of the low transaction fees of the Huobi Eco Chain and the liquidity of the Ethereum ecosystem, therefore, offering a seamless trading experience on DEX.
In 1 Hour Time Frame, MDEX is forming a Ascending Channel Pattern and is currently trading at the upper band of the pattern.
Key Levels to Watch Out For:
Closing above the level of $2.38 will trigger a Breakout, therefore, it may easily reach the level of $2.65 while the support to the lower side is placed at $2.2 followed by $2.1 .
COMP-USDT(Double Bottom)An open-sourced decentralized finance protocol built on the Ethereum blockchain that has currently locked in ~$7.38 Bn in its protocol.
From its All-Time High, COMP too crashed ~70% and is currently trading at $420.
It has currently taken support from the level of $350 and it looks like it is forming a Double bottom kind of formation, further downside seems unlikely.
The support to the lower side is present at $280 while it is possible to achieve $550.
UNI-USDTWith the current crash in the crypto markets, Uniswap too got trapped in the windfall wherein it plunged by ~65% from its trading price of ~$45 on May 3. From its recent low of $13, it has gained more than ~100% and its CMP IS $28.8 at the time of writing, which is still ~36% short of its all-time high.
As per smaller TF’s (4Hr and Daily), UNI has managed to close above its 20 and 50 EMA and these EMA's are likely to act as support for UNI price and act as a cushion whenever the price approaches them.
The immediate resistance is placed at $29. Closing above the level may witness UNI making higher high and higher low formation and on the higher side, it may face resistance at a level of $35 followed by $39.
The support to the lower side is present at $26 while $23 will serve as the next level of support.
ADA-USDTAs per the CoinShares' weekly flow report, Cardano is at the top of the list of crypto assets garnering inflows of $10M. With the environmental concerns revolving around PoW protocols, Cardano presents itself as an energy-efficient PoS blockchain network while it has logged in 1 Million ADA Wallets witnessing a fivefold increase in 2021 itself.
On a 4 Hr Time Frame, ADA is currently taking support at 20 EMA and is looking bullish.
The immediate resistance is placed at ~$1.8, crossing this level, ADA may move to the levels of $2.1.
The support to the lower side is present at $1.62 followed by $1.45.
Update on the Crypto Market Cap exclud BTCENG
This is the total crypto market capitalization without btc. We are still bullish on altcoins but altcoins are approaching dangerous territory. If the chart breaks the blue line (200EMA) then it's ciao ciao altcoin season, otherwise it's just a correction. The last time we saw the chart at the 200 EMA was right after the Corona Dump in 2020. Another very bullish indicator, the hash ribbons are lit up blue, meaning more money inflow is expected in the coming days and weeks. Keep in mind. we dont know the future and we have to be prepared for both scenarios. if a happens we do a. if b happens we do b.
D AT CH
Dies ist die gesamte Krypto-Marktkapitalisierung ohne btc. Wir sind immer noch bullish auf altcoins aber altcoins nähern sich gefährliches Gebiet. Wenn der Chart die blaue Linie (200EMA) bricht, dann ist es ciao ciao altcoin Saison, sonst ist es nur eine Korrektur. Das letzte Mal, dass wir den Chart an der 200 EMA gesehen haben, war direkt nach dem Corona Dump im Jahr 2020. Ein weiterer sehr bullischer Indikator, die Hash-Ribbons leuchten blau, was bedeutet, dass in den kommenden Tagen und Wochen mehr Geldzufluss zu erwarten ist. Denkt daran. Wir kennen die Zukunft nicht und müssen auf beide Szenarien vorbereitet sein. wenn a passiert, machen wir a. wenn b passiert, machen wir b. Risk Management is wichtiger als alles andere.
AAVE-USDT(Horizontal Channel Breakout)An open-source decentralized lending and borrowing DeFi protocol built on top of Ethereum and enable the users to borrow and lend a wide range of crypto assets without the involvement of any third party institution like a bank. The total valued locked (TVL) in lending protocols currently stands at ~$39.6 Bn, which Aave alone has locked in ~$11.96 Bn in its protocol
On the daily time frame, Aave has been consolidating in a range since Feb 2021. It has given a breakout from the range and it seems to move to its new highs.
The support to the lower side is placed at $530 which is the upper limit of the range while it may give targets of $750 in the near future.
UNI, Uniswap - we're in uptrend yet. When to buy?Price has tested the support line 4 times in a daily timeframe. Looks strong yet. But entry point only after the breakout with a retest of resistance 44100. It will be nice when the price will start squeezing near to this level. Be careful and keep an eye on the BTC situation
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
UMA-USDT(Consolidation Breakout)Universal Market Access or UMA seeks to decentralize the financial derivatives products such as Futures, CFD or Total Return swaps.
For the past 3 months, UMA has been trading in a Horizontal Channel formation . Closing above the resistance trendline $33 may trigger the price of the UMA token to new highs.
Key levels to watch out for-
Support to the lower side is present at $35 while it may rally to $44 after the breakout.
YFII/USDT - a coin with the potential of 100%.🚀 Only if...222 days of accumulation. Now price hit a strong key level. I'll buy only after squeezing below the level, breakout and retest. I showed an entry point on the chart. I'm not ruling out the option of going back to the range. So the entrance only after the scenario I wrote above.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DASH/USDT - a coin with a good perspective! Possible X2,X3🔥910 days of huge accumulation. Global uptrend. I think we'll grow. But now possible a pullback. (Don't forget that BTC can change scenario all the market)
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BNB-USDT(Consolidation Breakout)Binance is the talk of the town and is trading near its all-time highs fueled by ~$595 Mn token burn and its conviction to reduce its current circulating supply to 100 Million has motivated market participants to price it a premium valuation. The insignificant growth of the DeFi protocols on Binance smart chain has also contributed for pushing the BNB price higher.
On Daily Time Frame, BNBUSDT gave a Breakout from the Wedge Formation and made its high of $680 (May 3, 2021). It was eaten away by the Bearish Engulfing Candle the following day. However, it was not supported by huge volumes which undermined the power of the bearish momentum.
The consolidation after the breakout from the Wedge has also been done away with by a strong Bullish candle in the making.
Key Levels to Watch Out For-
The support to the lower side is present at $600 while BNB may give targets of $840 to the higher side.
ZRX-USDT(Level Breakout)0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 375 Million at the time of writing. The volume is up ~7.5% on a 24 Hr basis.
In the trailing 90 days, the major hurdle in the upward journey of ZRXUSDT is present at $2 . While on April 9, ZRX broke out the level and seemed cherished to move to new highs, it proved out to be a Fake Breakout and ZRX again fell to the levels of $1.25 .
On May 6, ZRX on Daily Time Frame has again given a decent breakout above $2 and is more probable than earlier to move to new highs.
Key Levels to Watch Out For:
ZRX has been trading in a pattern somewhat similar to Cup and Handle Pattern and has given a breakout.
The support to the lower side is present at $1.95 while it may easily give a target of $2.84.
LINK-USDT(Consolidation Breakout)The prime leader of the decentralised oracle network and the backbone of the protocols is all set to fly to New highs.
On 2 Hourly Time Frame, LINK is looking really bullish. It has given a breakout from the Bullish Triangle pattern and is currently consolidating near the resistance level of $41. Closing above this level may trigger the price to New highs.
Key Levels to Watch Out For:
The support to the lower side is present at $38 while it may move to the levels of $50.
ADA-USDT(Horizontal Channel Breakout)While Cardano remained silent in terms of price action as it was Consolidation in a range ($1.01- $1.48) , its peer crypto assets took advantage of this opportunity and dragged ADA to 7th place in terms of Market Capitalisation snatching away its title of 3rd most valued crypto asset at the beginning of 2021.
In the 4 Hourly Time Frame, ADA broke away all the shackles of bears, which can be validated by the massive surge in volumes to the levels of 363.7 Mn.
It has marked the initiation of Bull dominance and is likely to reach untouched levels.
Key Levels to Watch Out For:
The support to the lower side is present at $1.4 while ADA is well-positioned to give the target of $1.9 .
1inch-USDT(Consolidation Breakout)1Inch is a DEX aggregator built on Ethereum blockchain that provides traders to place large orders through its swapping techniques across different DEX. At the time of writing, $347.6 Mn is locked in its protocol.
On the Daily Time Frame, 1INCH is trading in a narrow range ($5.15- $5.8) for the past 7 days.
Key Levels to Watch Out For-
The major resistance to the higher side is present at $6.35 . Closing above the level may witness huge momentum to new highs.
After the Breakout, 1INCH may give targets of $8.2 .
The support to the lower side is present at $5 .
BNB-USDT(Symmetrical Triangle Breakout)Binance is the talk of the town and is trading near its all-time highs fueled by ~$595 Mn token burn. The insignificant growth of the DeFi protocols on Binance smart chain has also contributed to push the BNB price higher.
On Daily Time Frame, Binance has been trading in a Symmetrical Triangle and has given a fresh breakout from its resistance level of $600.
Key Levels to watch out for:
The breakout is most likely to trigger the prices higher to the levels of $745 .
The support to the lower side is present at $580 .
ETH-USDT(Consolidation Breakout)On Daily Time Frame, Ethereum has been trading in a Consolidation range and has given a decent breakout.
In the past week when the crypto markets tumbled, Bitcoin is still ~16% short from its ATH while Ethereum is trading at its ATH. It signifies the strength and momentum behind this rally.
The support to the lower side is present at ~$2.5 K while it may move to the levels of $3.1 K in the near future.
🔥11 coins that I bought on SPOT with x2 and x5 goals🔥Many of you ask in the comments: "Yuriy, what coins do you invest in for the long term?" In this post, I will show you all the coins I have in my portfolio. Scroll below and see my entry points and goals that I want to achieve.
YOU MUST REMEMBER: only you're responsible for your open positions. I just share my trades with u.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XMR-USDT(Ascending Triangle Breakout)XMR, a privacy coin has retained its position among the top 30 crypto assets. In the year 2021, XMR has gained 162% till date and still looks bullish at current levels.
On Hourly Time Frame, XMR has been trading in an Ascending Triangle formation and has given a decent breakout.
Key Levels to Watch Out For-
The support to the lower side is present at the psychological level of $400 while it seems determined to reach the target of $500 .