WINGS DAO – Binance Strong Altcoin (805%+ Profits Potential) "WINGS DAO is an Ethereum based platform for the easy creation and funding of Decentralized Autonomous Organizations (DAO).
"WINGS’ mission is to enable easy promotion and price discovery of ICOs using social referral marketing and swarm artificial intelligence (AI) incentivized by forecast markets (prediction markets)."
We will see about that… Let’s look at the charts, I believe they can tell us something.
WINGS Technical Analysis and Trade instructions
*** Indicators
- I started this analysis by looking at the 1Day chart, to see what I was looking at. The first thing that the chart tells me is that this is a strong coin, there isn’t much pump and dump, and the chart formation looks very solid. I am looking at a period of 7+ months on the 1 day chart.
- So the MACD is throwing signals of positive divergence, after that the coin bottomed out around the 30000 satoshis level. After more than a week at the bottom, it took off and since has been on an uptrend. I believe there is plenty of room for more growth. This coin is solid and it can shoot up strong according to these signals.
- The weekly chart is more interesting, there is plenty of room for growth for all the indicators and at the same time they are bullish. It might not even take three weeks before this coin starts a strong bull run. We open our positions now, and wait to see how this trade develops. Our signals tells us that it wants to develop positive.
*** Instructions
Buy-in: 0.00009550 – 0.00012500
Targets:
(1) 0.000165
(2) 0.000201
(3) 0.000272
(4) 0.000387
(5) 0.000562 (New all time high)
Stop-loss: 0.00006668
*** My message to you: I am forgiven
Today I learned another lesson, it was an interesting day.
What about you, from life, is there anything to learn today?
We have experiences all the time, where we can put our blame or leave our trust.
But these same situations will teach, that it can also be solved with love.
It doesn’t really matter what happens, if you stand up you can always keep up.
Doesn’t matter what life throws at you, you have the strength to keep moving on.
So whenever there is a problem, that you have to face yourself.
Make sure to stand in front of it, and tell it “I am ready, you are about to see my true self”.
The next second you see how your problems disappear and all you can see is another lesson, another lesson that you feel grateful for having been able to overcome.
Namaste.
Mantra: “Om Stanesha Vahtu Nevehem”
Dao
Wings Fly Time?On the 17th of December, Wings DAO broke above the downtrend trendline, while prior to that bounced off the uptrend trendline. After the breakout price corrected back and rejected the downtrend trendline, which this time is acting as a support
This is the first indication that price could be ready to go higher, and perhaps this is just a beginning of a huge growth. The nearest upside target is seen at $2.3 where two Fibonacci are inline. First is a 327.2% retracement level of the Fibs applied to the corrective wave after the downtrend trendline breakout. The second is the 241.4% level of the Fibs applied to the corrective that started in June. Keep in mind that only a break and close below the $0.4 support could invalidate bullish outlook.
Ethereum: how altcoin bull markets usually die...Ethereum looks really bad, and without any fundamental catalyst, the best trade here is "no trade".
I think it's due for a long term decline, based on the 3-week timeframe signals, we could see some buying when we hit the 0.0075 mark, give or take.
It appears as if it's simply drifting down, on low activity, due to lack of any developments, and investors giving up, and simply accepting any fill to get out of this market. Fills are rare, as you can see in the volume graph, so, it creates this slow drift to the downside, with smaller and smaller bar ranges.
I hope no one is long this here, and if you do, I'd assume you're insider cause, as of today, there's no reason to buy it.
Good luck,
Ivan Labrie.
ETH: more selloffs likely before another rise can be consideredIts been a rollercoaster ride for Ethereum. At one point it was hailed as the next big thing, the world computer that would solve problems real and imagined then came the DAO hack and then came the dumps.
Hard fork after hard fork has damaged the credibility of Ethereum as a reliable and immutable blockchain. It is likely that it will need to come down a lot more in price before it is seen as a value proposition to investors again.
If some of the promise of Ethereum becomes realised in the year ahead and proof of stake is implemented without a hitch ETH could very well rise again.
PS: I do not currently hold any Ethereum, this is simply an observation
ETHEUR: DAO Hack and Crowdsale key levelsThe DAO key levels are acting as a guiding light in the land of ETH. It seems the smart money likes to make buyers drown before sending ETH back up. The average time they can hold their breath 'under water' is 5 bars. Let's see if that's the case this time. I'm holding longs and expecting another test of the resistance up next.
For this type of instrument, stops are problematic, and it's simply wiser to adjust size based on the average true range value of your trading timeframe.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
ETHCNY: Value of Ethereum in RMB is interesting to monitorWe can clearly see when there is smart money interest in Ethereum, simply by watching this chart.
Liquidity is nowhere to be found lately, which is reflected in choppy price action.
I anticipate a slow grind back to the DAO hack kev level above, for the time being, which is why I'm holding longs, without leverage or margin.
I'd be interested in seeing liquidity step in, to be able to trade Ethereum more frequently, since right now, it's clear the market is awaiting fundamental news. The recent fork announcement has been beneficial for bulls, and will likely propel ETH back up to pre-hack levels. If this is to materialize, I'd reduce my long positions or book profits, to then reasess after the dust settles.
If price drops back under the lower blue line on this chart, I'd reccomend closing ETH longs and waiting to buy it lower.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
ETHUSD: Fundamentals improving, uptrend resumingETHUSD has a very nice chart setup, showing proof that bulls stepped in right around the Key level associated with the DAO crowdsale announcement, where major players and new money came into ETH pairs, making ETHUSD and ETHXBT rally as a result of the increase in speculative interest in it, and its love-child, the DAO (descentralized autonomous organization).
The weekly chart is clear as well, and presents a sound technical argument for further upside, so, I'm holding the longs I'm in from around the 10 handle, give or take.
If you're not long, you can jump in now, and risk one average daily range below the key level to be extra safe.
Minimum target would be a retest of the DAO hack key level above, from where the fundamental damage, eroded buyers confidence, sending the pair down rapidly, although, with very little follow through. An excellent buying opportunity...
Once we break over the highs, we could continue to march even higher, fulfilling one of the potential weekly uptrend targets on chart. See comments for the weekly setup.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance 0.02% on such information.
ETH, go hard fork yourself :)Hi all!
Today we will short ETH from 1850-1950, depends where u got in -> hold the short or enter now at 1875.
Entry: 1850-1950
1st tgt: 1610 ~ where the fake rally started from.
2nd tgt: 1410 ~ previous support.
Stop-loss: 2000
TA in the chart.
Bull flag for exit-pump completed perfect.
Doji on 4h -> signals potential reversal.
Confirmation from RSI, KDJ and DMI is about to happen soon, very likely.
FA:
Hard fork has happened and the new chain where dao is refunded has won .
Ethereum Classic is still running and has its own community .
12mm ether is being refunded and exchanges are about to re-open eth deposits.
While we can chant that the evil hacker guy was beaten, celebrations will last briefly. This is our first Hard Fork and brings nothing good for the community. Expect ETH to be mocked and taken less seriously by investors. Seeing how easy it was to do a hard-fork, this provides a potential instability and fear for the ecosystem, dapp developers and investors. Expensive infrastructure and dapps were expected to be built on ETH, even banking systems. But a possibility of another HF brings in a huge risk that some institutions will not be willing to undertake.
People invested in Dao, not Eth. Their funds were almost lost because of a fault in computer code.
Why would they hold investment in eth? they invested in dao.
Why would they hold eth just to reinvest into another computer code based dao to get hacked again? they got burned once, mistake should not be repeated.
I expect they write a Thank you letter to God and dump in alahu akbar style.
I expect capital to flow away from eth in the near-term and the long-term. At least until we see a first major successful dapp that doesn't get hacked.
Happy trading!
ETHEUR: Update - Big potential upsideI'm currently long ETH vs fiat, and short BTC, so effectively long ETHBTC / ETHXBT.
The chart is quite bullish here, with a strong weekly uptrend, but a downtrend in the daily, which recently bottomed when hitting weekly mode support. I like how the last 4 days acted, and how we're holding above the DAO crowdsale key level, so I added a bit against this zone earlier. If not in the trade, you can risk a drop under yesterday's low, and enter longs in this pair, targetting a potential rally to 31.75 once the weekly rally kicks off.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
DAOETH it seems to recover soonThere was an attack on DAO last Friday. After reading
-- blog.slock.it
-- news.bitcoin.com
I liked especially: In the last 36 hours we have witnessed an attack on The DAO. An attacker utilized the “Recursive Call Exploit” in the `splitDAO()` function to withdraw 3.5M ETH while burning only a small amount of DAO tokens.
Luckily, the funds are not under his control. They are locked in a childDAO.
So it seems that there is a solution for the problem and "money" is frozen. I expect that DAO to recover soon.
ETHEUR: UpdateWe had massive moves in DAO and ETH pairs today, due to the news regarding a problem with the code in the DAO.
Apparently, the uptrend is still in place, but there is a lot of fear in the air right now. This is the right enviroment to buy dips, and as you can see the support is holding for now (see green triangle and the dashed lines).
Technically speaking, I think the uptrend isn't ready to resume in full force, since we don't have sufficient time spent at these upper echelons (can't blame me for using the term :) ) to prove that there is re-accumulation before uptrend continuation as per the 'Time at mode' rules.
That being said, for as long as we're making 1 new high every 5 bars, we're technically in an uptrend, and for as long as the red dashed speed line holds, bulls are still present in this pair. For now, I reccomend holding ETH if you own any, if you were margin called out of your positions (like I was), sadly you're out with some loss. This brings me to the topic of leverage and crypto trading. If you consider the average volatility these instruments have, paired with the exchanges' problems, right at the worst possible time, you can conclude that is better to just buy the coins with cash, withdraw from the exchange and wait to sell when your price targets are hit, which will force you to adopt smaller position sizes, and trade from a longer term perspective.
I hope you found this useful, I'll keep updating this chart once I see clear signs of the uptrend resuming.
Check out my updated track record here: pastebin.com
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
#eth #ethereum #dao #ethxbt #etheur #ethusd #btc #daoFundamentally, it appears that somebody wrote a smart contract.
/*
Developers, cryptographers and computer scientists should note that any high-level tools (including IDEs, formal verification, debuggers, symbolic execution) that make it easy to write safe smart contracts on Ethereum are prime candidates for DevGrants, Blockchain Labs grants and String’s autonomous finance grants.
*/
blog.ethereum.org