[60%] INJ / USDT- First target : 14.4$
- Second target : 18$
Analysis :
- Bullish divergence momentum
- Descending triangle
- Falling wedge RSI
What Is Injective Protocol (INJ) ?
The Injective Protocol project is a revolutionary idea that aims to make currency exchanges completely decentralized, public operated networks. What this means is the exchange is solely operated by people who hold INJ tokens. There is no centralized governing body that enforces control over the development of the project. The Injective Protocol project officially launched via a public offering in 2020, and it was backed by names in the industry like Binance, Pantera and Hashed.
The Injective Chain is the blockchain foundation of the project. It hosts a completely decentralized order book and employs elements from the Ethereum Virtual Machine (EVM). The platform also incorporates a bi-directional token bridge, linking it to the Ethereum ecosystem.
Decentralizedexchange
1INCH (1INCH) Gearing Up For Breakout... Good UpsideUniswaps wild little unicorn brother....The Decentralized Exchange aggregator seems to be ripe for a potential breakout soon. We have a nice bullish trendline since December 25th 2020 and we're priming up for bullish divergence on the MACD.
As of right now 1inch still has less than a billion dollar market cap currently valued at $599,917,573 and Total Value Locked (TVL) is at $283,897,692. Alongside with their integration into Binance SmartChain, 1Inch recently reached a milestone total trading volume of $25 Billion dollars this week. This is strong project that's unique, has a strong community, growing user base, growing liquidity, and growing adoption. 1inch will grow more in the coming months. DEX's have nothing but utility lets see how this plays out.
Much love health and wealth!
BURGER/BNB potential move for mid term BURGER/BNB pair already hit bottom Both pancake and Bakery swap pumped hard. and both made ATH ... Burger already breakout from resistance if there is no further selling pressure burger will make Ath too.
$ORN: Beautiful chart. Awesome fundamentals.Orion protocol is an awesome chart. It's behaving in a pretty clear manner, with a long cup shaped buildup, a break above ATH and an almost perfect retest and a continuation above previous all time highs, that's now respecting fib level's quite clearly. If the PA can get above the $7.31 levels, then I would not be surprised to see this continue to behave in the polite manner that it has been doing and continue on towards that golden 1.618 fib and the $10.50 range.
Fundamentally? This project is freaking awesome. Orion Protocol is a Decentralized Exchange that aggregates liquidity from every centralized exchange, decentralized exchange and swap pool in the entire global crypto market. This solves the problems that Dex's currently face, which is how silo'd they are. Most all of the dex's are also built on the ETH network, which limits the currencies that can be exchanged and, if you've tried UNI or any others you know how prohibitively expensive they are. We're talking $100 in Eth fee's to buy any amount of a token on Uniswap...
I'm bullish on this project for a long term play. I think the most profitable companies in this crypto revolution will be the ones selling the tools to the people chasing the "gold rush". ORN is a beast in waiting.
PS: At this moment the crypto market's sentiment is extremely volatile, one morning we'll all be extremely bullish and everyone will be super excited, the next day there will have been some negative price action and everyone will be calling the top. This is happening over and over and sentiment is acting as if it's stuck consolidating in a range. I would treat your trading at the moment as you would with any price action that's stuck in a range. Trade the breakout in either direction, wait for the trend to be re-established, and be patient in between.
Good luck fam.
Uniswap Gearing Up New All Time Highs (Biggest DEX in DeFi Now)We called Uniswap at $4.50 on December 31st 2020 and now it's currently trading at $7.70 still boiling up. I've been adding to my Uniswap Bag.
As of now Uniswap is right on the cusp of re-testing and surpassing it's all time highs at around $8.70. Uniswap now has over 3 Billion in liquidity locked in the decentralized exchange (DEX) and is swiftly rising. It now sits as the biggest decentralized exchange in the DeFi ecosystem surpassing Compound Finance and Sushiswap according to coingecko.com
I'm extremely bullish on Uniswap as I see it as being the Binance of decentralized exchanges this year. Nothing but adoption and utility are surrounding this project. It is becoming clear that Uniswap is becoming a juggernaut in the Defi ecosystem for liquidity and still has much more room to grow this bull cycle.
Fundamentally and technically it's looking positive for Uniswap. We blasted though the 0.786 ($7.20) on the Fibonacci levels and now we're looking to test all time highs at 1.0 on the Fibonacci levels putting us at ($8.70) for our finally target before a new price discovery phase.
Decentralized Finance (DeFi) is going to explode in 2021 and there's no doubt that Uniswap will play a critical role. I have Uniswap inevitably being over $10.00 by early Feburary or even sooner at this pace.
Current Support Levels: $6.00
Resistance: $8.70
Cheers! Happy Trading and Investing! Have a wonderful and positive weekend.
LONG UNI/USDTLONG UNI
Stop: 2.45
Profit Target 1: 3.69 / move stop to break even
Profit Target 2: 5.00 or Trail with a multiple of Lower Time Frame ATR
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Uniswap is a decentralized exchange built on Ethereum that utilizes an automated market-making system rather than a traditional order-book. Instead of matching individual buy and sell orders, users can pool together two assets that are then traded against, with the price determined based on the ratio between the two.
Bullish pattern breakout apparent & next resistances to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
KEY supports & resistances to watch within this bullish pattern*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
At KEY support level can we bounce off it?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Bullish pattern apparent levels to watch for & can it break out?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
BZRX - DeFi - THE ONLY COIN I ENTERED IN THE LAST DAYSHello, as promised, here a brief analysis on the only coin of which I decided to build a long positions in the last days. Indeed, the mood is not very optimistic and Btc could face some more downward pressure, hence on all other, I am monitoring. The other one I am interesting to is YFI, but it is still very expensive.
However, this made BZRX to fall to a very interesting level, unlike most of other (defi) tokens.
This means BZRX is crap!
Well, it is not. It is not hyped and many traders overlook it, focusing on BZRX's more famous and traded rivals, which however, are still very far from being cheap.
We can consider it as a mix between a Dex and a lending platform token.
The bZx protocol is an open protocol
for decentralized exchange on the
Ethereum blockchain, it facilitates
peer-to-peer margin lending, shorting,
and leverage of ERC20 tokens.
Actually I think this coin is one of the best DeFi projects out there at the moment.
Please note that this is not a decentralized exchange, but a protocol for building a decentralized exchange on top of it. The protocol is BZX and its token is BZRX. It is connected to Fulcrum and Torque (I suggest you to read about them) and is already integrated with Kyber network.
As you see there is not much data related to the level of price we are currently, but it is crazily cheap compared to the recent highs and it trades almost at the July levels, before the DeFi frenzy started. I am buying it here. Targets on the chart.
always DYOR guys!
Let me know what you think in the comments
Binance Coin seeing flood of technical & fundamental bullishnessIt appears that binance's upcoming decentralized exchange will be using binance coin(BNB) as it's base pair an extremely bullish fundamental development for the coin. That coupled with the technical bullishness of the 1 day bnbbtc golden cross and the recent breakout from a 1 day head and shoulders pattern has BNB mooning with ease.
$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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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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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!
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www.tradingview.com Rules:
#1 Always obey tradingview.com house rules
#2 Always read the description
#3 Don't spam on the comment section
#4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after
#5 My opinions are not financial advice, follow it at your own will and your own risk
#6 Together, let's build a better community on this platform
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