LAST CALL BEFORE BREAKOUT !!Accumulation period almost finished.
Volume is growing for we almost got to the extreme of the bullish descending wedge.
Breakout of the steep yellow channel was the first step (huge volume confirmation).
Long sideways green wedge pointed to almost 1 year accumulation phase.
Price held up well at around 50 cents for ONE FULL YEAR now !!!
You had a long time to accumulate at these prices; now the train is leaving the station.
Huge long term positive divergence on the RSI (green line below).
This project is BIG ! DECENTRALIZED INTERNET !! It is still under the radar ... but not for long.
Decentralized
XLM 1-Week Projections (May 28th)Hey all, welcome back. I've decided that I was decently close on my last chart for the price action that happened the last few days, originally was working on a 4 hour chart but changed to 1 day. I think the trends I've set in red here at the end of this triangle will happen, but no certainty that it will happen exactly as I think it will. If the red wave I've outlined completes, it could show some sort of symmetrical triangle but honestly at this point I'm still learning and having fun with it.
I think we will retrace back to our previous peak from weeks ago, could even hit some resistance, could go a little bit beyond the last peak, but I have no assurance, and these are just some ideas. If that happens, what comes after is something I am still working on, so fyi that big red trend downwards doesn't mean anything other than I feel some significant bearish moves could still be coming. Might be able to update you guys in the near future :)
I might try to look deeper into golden/death crosses on my next chart, but if anything it will only serve as a resistance confirmation for how steady we stay in whatever regions we land in. I have linked my last chart below and as a related idea.
I am currently taking an online class with Trade Crypto Live Education and learning more than ever, and I DEFINITELY recommend you check them out if you want to further yourself as well. I'm also having fun with Cindicator predictions and am up 800+ points in crypto forecasts for the last month, excited to see what the "pro" challenges will look like for the first time!
Original chart (published May 24th 2020) on 4H:
Have a great day everyone!
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Ethereum could go up 200% over the next few months!!!The Istanbul Hard fork is scheduled to happen this Saturday. This will allow transactions per second to climb from 15 to 3,000!
Combine that with the fact that the DEFI space is growing exponentially and we're looking at formula that could very easily break us out of our falling wedge and to the top of the upper end of the trade channel.
1. Count down clock for the upgrade ---> etherscan.io
2. 3,000 transactions per second ---> www.fxstreet.com
3. Shows DEFI utlization ---> defipulse.com
4. Chico can be a little crazy but his take on Defi is spot on ---> www.youtube.com
Say no to centrally-monetized entertaiment with Tron.Tron, with actual rank #11 at CMC, is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content. Tronix can be used by content consumers to pay for the content they want to access. These coins would then go to the content producers’ accounts, where they can be exchanged to other cryptocurrencies, or can be used to pay for blockchain services.
With many developers from the Jack Ma-led Alibaba group joining Tron's development team in late 2017, there are rumors that a partnership between Tron and Alibaba may be in the works. It will be interesting to see how Tron evolves to meet these expectations.
It's the late Saturday here and I decided to bring you something more at daily chart .
In a recent price action history, through the majority of lowcap altcoins, I spotted some signs of reversal evidence / not only in Tronix/ .
These are the most important of them, to me :
- Doubble botttom is strong reversal bullish pattern.
- One, of the best social marketing by CEO Justin Sun.
- Downtrend along 2 years , while 2 death crossses and 1 gold cross occured with the same downtarget percentage /=now mean turn for the golden, logically /
-Daily and Weekly morning Doji / while Monthly forming /
- Q4 EOY hype and potential FOMO + a beggining of alt seasson in December 2019.
Threats:
- Higher cap altcoins like Tron, Ripple and Cardano, like to do quick,huge spikes, which often further led to strong price refuses .
- Bitcoin has space to plummet even more in Q4, before the preHalving hype starts.
- It looks like very early stage to proclaim that Tron bottomed / still weak daily volumes below average, not above daily 50 ,etc.. /
- Tron do not really print a SOLID higher high yet.
*This is not a financial or investment advice. Never trade/invest, by my personal ideas.
Sia -The only truly decentralized cloud storage -update inc!A new update is just behid the door. I'm not telling that we are going to the moon right now, but Sia already reached its bottom and started new uptrend, which can be slow and steady but also there is good opportunity for some massive growth/pump at this point (negligible resistances, good BTC position, new Sia update - this all may bring us to 300-500% very quickly).
The new update will move Sia one more step closer to become the only fully decentralized cloud storage. Sia team is working very hard to reach their visions and the progress is awesome. The future is very bright for Sia. For this price SC has very good R/R ratio.
A few informations for people who don't know what Sia is about:
- Sia is decentralized, encrypted, peer to peer cloud storage platform. It is encrypted, multiplied, chopped into little bits, and then all those little bits are sent around to a bunch of different hosts. When you want access to your file, the appropriate bits are recompiled and you get your file.
- Sia has reduced overhead dramatically by building the framework and outsourcing the storage to anyone with an internet connection and a hard drive. That’s why it can charge a much lower fee. They multiply the bits in case a node holding a piece of your file happens to be offline.
- Unlike most new coins, the Sia team chose not to hold an ICO. Instead, Sia began life when its genesis block was mined. This is very unusual in the cryptocurrency world. However, so far this has seemed to work out for Sia. Thanks to prominent investors such as Fenbushi Capital, Raptor Group, Procyon Ventures, along with angel investors like Xiaolai Li, the Sia team managed to raise over $1.25 million in funding without an ICO.
Just imagine if any big company (paying big fees for data storage at this moment + dependent on 3rd party which can crash or whatever) starts using this technology to pay X times less fees and become fully independent.. Think about it and possibly you come to the conclusion that maybe there won't be better time to jump in than RIGHT NOW!
$BLOCK Only Have Less Than 5.5 mills On Circulating SupplyThe Blocknet Protocol is a true peer-to-peer protocol between nodes on different blockchains. This enables the transfer of data and value between blockchains and opens the door to multi-chain architectures.The Blocknet community has been developing this technology since 2014.
Their decentralized governance system and open source code ensures that every blockchain is free to interact without centralized entities. Block has their own decentralized exchange project called Block DX. Block DX is a truly decentralized exchange that enables trading freedom for connected blockchain communities. Listing on Block DX is free and does not require our permission or control.
At the current moment block is sitting on the support where it was a "high" in 2016 at this level. So basically all we need is macro trend is changing and blockc prolly back to 0.6 - 1 fibonacci level which actually can gerate a 272% gains from the current level.
The decision is yours.
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If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
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New Bullish Pattern in Trading History SICKLE PATTERN !!Many Patterns You have watch and see but first time I see and Create new Pattern SICKLE Patterns as Like SCYTHE Patterns.
Completely Follow the MANA Coin With Proper make a Handle and Blade with Succusfully Breakout ..
What do You Think about this i am very Exicted after create this Beautifull Pattern.
Share Your Opinions What do You think about this Beautifull Bullish Pattern.
f You Satisfied With My idea and Pattern Then Do not Forgot To Hit Like .
Warning- I m Not a Financial Advisore this idea and patterns Only For Educational Purpose Only.
SPOTTED! $LRC Whale Is On The Silent Accumulation!Long term investment and playing trend is no doubt on LRC chart. It looks juicy how whale is actually accumulating without people's knowing that. Well, what if people know that you just ain't get the information. Hmmm interesting.
Loopring is ranked #70 on coinmarketcap.com with 1.375 billion of total supply and 789 millions are on the circulating.
Loopring is DEX that have quite nice interface and friendly use. But the think that i need to highlight is the color gain and correction. Both are green at the moment lol
So be careful..
DEX is not really relevant but DEX need to be prepared for future users gains and protect users from centralized exchange. I think even tho i'm not really interested using DEX recently, but they need to be supported, it's a long game.
Judging the fact that this chart is quite tempting for mid term game. I don't need to speak a lot. But beware of the RSI. Even the price action is so flat i don't why RSI is quite high. It means that even the pump might occur soon but it'll limited due to this factor. Well, let's see.
The most closer resistance for mid term game is 2794 sats. Will post the close look on the update for short term game.
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JUST IF I Pump $ELF, Do You Really Wanna Know Why?Decentralized Cloud Computing is the most make sense industry at the moment. It's also linked with many big companies wanted to achieve the same thing on the same project. Cloud computing is quite primadona at this time and maybe several years ahead. Name it, Alibaba, Google, Microsoft and many others which smaller also wanted to have a piece of cake of this sector audience.
Then, Decentralized Cloud Computing Blockchain Network sounds really good. Because it's probably the mid-term goal on top of it for now. And that's what aelf, or the ticker ELF, do.
It's not a surprise if you see their website is full of big partnership investors, I do agree with them. Plus point, their website looks pretty nice.
For real tho, aside of big partnerships, they are also listed on Exchanges like Bitfinex, Binance, Bithumb and Huobi. Top notch. Even tho there are several others on the list but these four are convincing enough for me.
What i don't really like is their percentage of token owners. Really giving a little space for the market. Of course this action really reasonable because they knew their quality. Hmm interesting...
Judgin from the fact that right now is on the accumulation zone. I bet a lot of capital right now trying to monopoly the market supply as we can see for weeks now. Just watchout. If you wanted to invest and accumulating for mid-term timeframe, you should pick something like this with proper entry.
Because you already read the major reason, why this stuff great and why I will pump it. But i need to collect as much as I can before attracting the prey to my trap, retailers, so i can gaining a lot fo profit as I can.
I think 5000 - 5500 is good accumulation range and if you got caught the price below 5000 sats then it's pretty big discount sale.
Trade safe!
Once ETF misdirection recognized, BTC goes up at warp speed.Somehow i think that the general players in the BTC market are letting the Government misdirect their attention, allowing their ETF approval/disapproval game to manipulate and control the market.
They're somehow forgetting that Bitcoin hasn't had ETF before. It actually was created to have a currency that was free from manipulation, control and regulation by banking or governments.
Once they remember this, or are reminded of that by the alt-coins, they will realize Bitcoin once reached 20K without ETF. And maybe it didn't do that despite not having ETF but maybe it did it because it had no such regulations conformity.
At that point the actual important things like crypto-currency adoption, penetration and saturation will become the market's motivators. That has been steadily increasing despite the market's volatility, be it at a slower pace than before.
Also there's a point coming at which the ICO-tsunami will end, putting an end to the ludicrous number of coins, crypto-based projects and block-chain to asset gluing attempts that we've been seeing over the past year. This will be the start of the alt-coin massacre during which many coins and other trade-able crypto stuff will plummet in value and eventually disappear.
If the bitcoin is still there when that happens it will of course shoot up in price at warp speed. If not Bitcoin then whichever alt-coin has been able to show it can remain fast, anonymous, safe and still be cheap to use.
So i am confident that when the "ETF Show" is over the bitcoin price will go back to following its own path. It will return to its rebellious roots, and its fundamental need, its purpose, to be the decentralized, safe, anonymous cheap and independent currency of the world. I predict that before the end of the year it will pass the 10k boundary and won't look back until the last coin has been mined.
What happens then, no one knows.
If XRP Repeats.... #xrpthestandard #xrpIf pattern continue, we may see 0,20 in 2 days. I do believe 0,20 will be a strong support.
Also XRP is now decentralized :
minivalist.cinn.app
We may expect the SEC finally tell everyone XRP is not a security.
Also Weiss Ratings changed their mind about XRP :
twitter.com
Let the weak hands get broke once for all guys ! !
This is not investment advice, only my point of view !
Happy trading.
DCR/BTC (DCR token) Awe Inspiring Price Symmetry-Top Soon!DCR/BTC (Decred token) Daily bars, semi log scale, candlestick wicks removed.
5/21/18, 6:00 PM EST, by Michael Mansfield.
BOTTOM LINE:
Decred is approaching the confluence of numerous strong resistance lines and measured price move-price equality projections-for our first price target area. This looks like like Wave V of (III) or possibly Wave C high. See below for details.
WHAT IS THE DECRED TOKEN:
Decred (DCR) is an open-source blockchain based on an innovative consensus voting model that offers autonomy, scalability, modular code so its easily modified, and self-ruled where the Stakeholders make the rules.
AWESOME SYMMETRY:
Notice awe inspiring price symmetry of the past price swings lengths to subsequent price moves lengths, both up and down. Take the time to really study this chart!
PRICE TARGETS ARE: 0.001449, 0.0016650 and 0.001759
Price Target 1 = 0.001449: The current price swing labeled Wave 3 or C (no real preference yet) looks like it may top in line with multiple resistance points that also happen to be at two of the price levels suggested by a measure move from two vertical arrows that were cloned from the prior price waves then added March 29th low.
The first price target is also 1.3146 x “Wave A or Wave 1” up from the December low, then added to Wave B (or Wave 2) low in late March, 2018. How cool is that? Very cool!
Target 1 is also a Gann Fan 8:1 line (black dashed line) which tends to be super strong. If DCR breaks this resistance price, there is likely a much larger cycle still heading up that we cannot yet measure. And,
that likely means this is a Impulse Wave 3.
Price target 2 = 0.0016650, is 1.618 x Wave A or Wave 1.
Price target 3 = 0.001759, is based on largest vertical arrow cloned from the prior
price moves (same distance repeats) then added March 29th low.
CYCLES:
Two cycles are in the topping process between now and May 30th.
Blue cycle is major cycle and in phase thus far. It is in a topping phase, but as a longer-term cycle,
it has a wider window for the market crest, which, should be between today, Monday, 05/21th to 05/29th
next Wednesday. It’s
Red cycle was in phase until Nov. low, but has been out of phase with Drecred since then.
Dominant cycles almost always win, but we should add that the red cycle (been out of phase) does
top latter than the others, on June 19th, but that is not a strong consideration at this time.
Green cycle is in phase and peaks between 05/26th to 05/28th, with the center date of May 27th.
Since markets can top early (Left Translation) or late (Right Translation), it is possible that today was a top. The market did hit the 75% Andrews Pitchfork resistance line, and during the day the high almost
hit the GANN Fan 8:1 super resistance line, which, is also a measured move point, as shown by the
shorter green vertical arrow off the March 30th low.
SUMMARY:
Look for a top between today and May 30th, giving it an extra day. Use short-term intra-day charts to
find a tight exit point and perhaps a lower swing high to put on a light short trade once this degree of top
has been confirmed.
TRADER TIPS:
Look for repeating price swing lengths then add or subtract those measurements from major swing highs and lows for addition confidence of price targets. Especially when they line up with Gann, Andrews or Schiff lines.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers and best wishes,
Michael Mansfield CIO