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SUSHI/USD possible breakout incomingOther DEX's are running; see UNISWAP. Expecting a small pullback if ETH and BTC retrace a bit after the weekend run-up. SUSHI has some support levels at ~12.60 and ~13.60. I'm laddering into SUSHI in 2 tranches: 50% at spot price now, and another 50% at one of the support levels. Planning on taking back my cost basis as it runs up to the short-term price target and I'll sell off a 100% cost basis at the longer price target. PT Short Term: $20 - $22 PT Long Term: $28-$30 End result: Moon bag of SUSHI.
COINBASE:SUSHIUSDLong
by josheche
Uniswap ready to explode higherAfter the Coinbase IPO, Ethereum and DeFi have gotten a boost again. My belief is that many of the people on Coinbase are big on Ethereum, but also we've exhausted most narratives. We've gone full circle and back into Ethereum and DeFi again. Despite the crash Ethereum recovered quickly and recovered fully which I think was a bit surprising, but the ETHBTC chart and UNIBTC charts are explosive. With V3 coming for Uniswap, the expansion to other chains or second layers, as well as its complete dominance over other DEXs... Uniswap could be heading for a massive boom. This could be seen as a massive cup and handle pattern and I think that my target is probably the first one and the upside is even larger.
Long
by BitcoinMacro
SUSHI - yumIndicators - price recovering after drop below $12 (50% of its most recent uptrend to all time high of $24) - morning star / abandoned baby candlestick forming if todays candle closes above $11.80 - stock RSI < 20, indicating SUSHI is relatively oversold - EFI recovers from 6 month+ low - EFI approaching 0 line crossover from below - price bouncing off 150 day moving average (not shown) (price target set where price and 50 day MA are likely to meet if price continues up from here) *** BE CAREFUL: I'm a n00b ***
Long
by jsobusername
UNI: Coinbase IPO = UNI Target Price of $131Just want to put out a short Fundamental Value note on UNI UNI is worth $131 considering the relative value of where Coinbase will list its IPO which looks to be at or above $68B in equity value alone. UNI does very similar daily exchange volumes at nearly ~$2B / day relative to Coinbase and will likely surpass Coinbase in exchange volume in the next 30 days after UNI implements its major upgrade for efficiency and a later upgrade that will focus on reducing gas fees by May. Public comps like this are god-given gift b/c the value will be visible to anyone and this will attract investors to UNI as it will be clear that it is massively undervalued at $14.5B market cap. If UNI were to trade more in-line with this public comp, that would equate to a price of $131 per UNI. Therefore my PT by the end of April is $131 . Coinbase will list its shares mid-April. Source: Coinbase puts its value for Nasdaq Listing at $68 Billion Coinbase Global, the largest cryptocurrency exchange in the US by trading volume , has registered 114.9 million shares for a direct listing on the Nasdaq stock market. The company, founded in 2012 by Brian Armstrong, who is the CEO, and Fred Ehrsam, said in a regulatory filing to the Securities and Exchange Commission that recent private transactions had valued the San Francisco-based business at around US$68 billion. The valuation is almost 53 times its revenue in 2020. In the filing, Coinbase said its stock in the private market traded at a weighted average price of US$343.58 in the first quarter of 2021 to 15 March. In the third quarter ended 30 September, Coinbase’s stock traded at an average of US$28.83 per share for a valuation of US$5.3 billion. According to data platform PitchBook, Coinbase was valued at a shade over US$8 billion during its last private raising of funding in October 2018.
Long
by ich1baN
2
UNI: Coinbase IPO = UNI Target Price of $131Just want to put out a short Fundamental Value note on UNI . UNI is worth $131 considering the relative value of where Coinbase will list its IPO which looks to be at or above $68B in equity value alone. UNI does very similar daily exchange volumes at nearly ~$2B / day relative to Coinbase and will likely surpass Coinbase in exchange volume in the next 30 days after UNI implements its major upgrade for efficiency and a later upgrade that will focus on reducing gas fees by May. Public comps like this are god-given gift b/c the value will be visible to anyone and this will attract investors to UNI as it will be clear that it is massively undervalued at $14.5B market cap. If UNI were to trade more in-line with this public comp, that would equate to a price of $131 per UNI . Therefore my PT by the end of April is $131. Coinbase will list its shares mid-April. Source: Coinbase puts its value for Nasdaq Listing at $68 Billion Coinbase Global, the largest cryptocurrency exchange in the US by trading volume, has registered 114.9 million shares for a direct listing on the Nasdaq stock market. The company, founded in 2012 by Brian Armstrong, who is the CEO, and Fred Ehrsam, said in a regulatory filing to the Securities and Exchange Commission that recent private transactions had valued the San Francisco-based business at around US$68 billion. The valuation is almost 53 times its revenue in 2020. In the filing, Coinbase said its stock in the private market traded at a weighted average price of US$343.58 in the first quarter of 2021 to 15 March. In the third quarter ended 30 September, Coinbase’s stock traded at an average of US$28.83 per share for a valuation of US$5.3 billion. According to data platform PitchBook, Coinbase was valued at a shade over US$8 billion during its last private raising of funding in October 2018.
GEMINI:UNIUSDLong
by ich1baN
8
CRV/BTC Long CRV/BTC is quite undervalued for what it offers. It is the exchange token for the Curve.finance DEX and offers the right to vote on exchange wide decisions. Price is heading toward the diagonal resistance initially formed in early last September with a diagonal support line coming up after the bottom formed in early January and a higher low was printed mid March, contracting the price priming it for upwards expansion. Madrid Ribbon flipped green (not pictured, would make chart messy) The Ichimoku printed signs of a bullish reversal: -TK cross occurred last week, -Price has moved above the TK -Lagging span has moved above price. However Ichimoku is still not convincingly bullish yet: -Kumo cloud is red -Price is within the cloud -Lagging span is below the cloud -TK is below the cloud Once a bullish Kumo twist occurs, the price moves above the cloud, the TK moves above the cloud, and lagging span moves above the cloud we can feel strongly that a move to the upside could be coming. A more risky but potentially more rewarding play is to enter a position before the Ichimoku becomes fully bullish at an S/R flip of the gray diagonal resistance, with confluence that the cloud too has been flipped to act as support around .0000640 Mid term targets sit at the black horizontals at .0001519 and .0002204
Long
by Hrempe
Pancake Swap Ready to Break OutWith Pancake Swap approaching the end of this triangle, my expectation is that it'll break through the top, get through that $10.60 resistance with little effort, find a little resistance at $11.80 and my price target is $13.50 by mid to late-week. The FUD from the hack is finally subsided and they are getting closer to having version 2 ready according to their latest Twitter post. (I can't link to it yet due to my rep score) I'm bullish on the DEXs right now all around. You really can't go wrong with any of them at this point, so grab a few of the smaller caps like Pancake, 1inch and Julswap for more upside, but Uni and Sushi are looking juicy as well.
Long
by brendanwenzel
6