$RAY/USDT 4h (#BinanceFutures) Descending triangle breakoutRaydium has been retracing down big time and finally looks ready for reversal, at least short-term.
Current Price= 0.922
Buy Entry = 0.919 - 0.849
Take Profit= 1.072 | 1.239 | 1.390
Stop Loss= 0.733
Risk/Reward= 1:1.25 | 1:2.35| 1:3.35
Expected Profit= +21.26% | +40.14% | +57.22%
Possible Loss= -17.08%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Tags: #RAY #RAYUSDT #Yield #Farming #AMM #DEx #DeFi #BSC #Solana
Website: raydium.io
Contracts:
#ERC20 0x5245c0249e5eeb2a0838266800471fd32adb1089
#BEP20 0x13b6A55662f6591f8B8408Af1C73B017E32eEdB8
#SPL 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R
DEFI
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *The Merge is officially live on Ropsten Testnet, IF all goes well in the coming months it will likely be deployed on Mainnet in August.* Recommended ratio: 53% ETH, 47% Cash. Price is currently trending down after being rejected by the upper trendline of the Bull Flag from 05/12/22 ($1863) as resistance. Volume remains Moderate and is on track to favor sellers for a second consecutive session if it closes today in the red. Parabolic SAR flips bullish at $1941 resistance, this margin is mildly bullish. RSI is currently trending sideways at 40 as it continues to hover above 36.91 support for an eighth consecutive session. Stochastic remains bullish and is currently on the verge of a bearish crossover at 73 as it aims to retest 80.69 resistance. MACD remains bullish and is currently trending up slightly at -124; the next resistance is at -90.80. ADX is currently trending down slightly at 38 as Price continues to consolidate for its next move, this is mildly bullish. If Price is able to break out above the upper trendline of the Bull Flag at $1863, the next likely target would be a formal retest of $1941 resistance. However, if Price continues to fall here then the next likely target would be a retest of $1711 support. Mental Stop Loss: (one close below) $1711.
Oversold; near all time lowsDEFI has been hit hard recently with weak BTC/markets. The stock hasn't traded this low since July 2021. Lots of value created since then. Oversold RSI. On watch for at least a short term bounce but longterm position could be considered as well.
$eRSDL - tkcross_channelbreak_1hr -Price is leaving the channel, ranging for now. Ichimoku;
tenken sen crossing kijun sen in the next few hours would signal bull. RSI has room to move up still. Greater volume is required for further upside imo. NA waking up.
Set call/limit order/alerts. Targets near the bottom of the kumo cloud. Tight stop at nearest bear fractal below call.
call/limit order: 0.1400
tp_01: 0.01514
tp_02: 0.01700
stop: 0.01230
never margin trade. go well.
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *The Merge is scheduled to go live on Ropsten Testnet in the next couple of days. Price is on day 26 of trading within a Bull Flag. Bitcoin has broken out to the upside. Still unclear whether this is a retracement or reversal.* Recommended ratio: 55% ETH, 45% Cash. Price is currently retesting the upper trendline of the Bull Flag from 05/12/22 after briefly retesting $1941 resistance. Volume remains Moderate (low) and is on track to favor buyers for three consecutive sessions if it can close today in the green. Parabolic SAR flips bullish at $1979, this margin is bullish. RSI is currently trending up at 42.71 after bouncing from 36.91 support. Stochastic crossed over bullish in today's session and is currently trending up at 71, the next resistance is at 80.69. MACD remains bullish and is currently trending up slightly at -135, the next resistance is at -90.80. ADX is currently trending down at 40 as Price continues consolidating, if ADX can form a trough as Price continues up it would be bullish. If Price is able break out above $1941, it will likely retest the 50/50 uptrend line from February 2017 at $2140. However, if Price breaks down here then it will likely retest $1711 minor support before potentially falling lower (lower trendline of the Bull Flag at $1600). Mental Stop Loss: (one close below) $1711.
$eRSDL - William's_R_ovrsld_long_1hr - Price seems to have cooled enough from the weekend pump to start adding more. NA markets open for the week in an hour. FA remains strong. William's %R is oversold. Potential bounce here if volume picks up. Set alerts, DCA.
Call/limit order filled: 0.01245
tp_01: 0.01562
tp_02: 0.01870
stop: 0.01091
Never margin trade. Go well
(-(-(-(-_-)-)-)-)
DFI/BTC: Ready for takeoff? Beautiful wedge pattern over the daily closing price chart in DFI/BTC. Works as well with normal candles but is here a little bit cleaner. Seems like if BTC does get bullish - DFI is getting extremly bullish!
Elliott wave Cake, yummy soon. Fun chart, looking for one more leg down, may be completing something, so watching this count.
Check out some of my other stuff and give a like and follow if helpful. Cheers!
$eRSDL Flag pattern 4h TF - In a sea of red - All Boats rise -In a sea of red Unfederalresrve ($eRSDL) paints a beautiful bull flag.
there is fomo. looks like it will cool off for a while here unless more buyers come in.
there is good FA rn. All boats rise.
ETH/USD Daily TA Neutral BearishETH/USD Daily neutral bearish. *BREAKOUT WATCH, ETH is on day 24 of trading within a Bull Flag.* Recommended ratio: 40% ETH, 60% Cash. Price is currently testing $1711 minor support as it is approaching twenty five consecutive sessions of trading within a Bull Flag (bottom of the Flag is currently at $1650). Volume remains Moderate (low) and has been fairly balanced between buyers and sellers recently (indicating consolidation). Parabolic SAR flips bullish at $2000, this margin is neutral at the moment. RSI is currently trending sideways at 36.91 support. Stochastic is currently forming a trough at 55 just above 46.76 support; a break above 59 would result in a bullish crossover. MACD remains bullish and is currently trending sideways at -158; a break below -180 would result in a bearish crossover. ADX is currently trending down slightly at 42 as Price is testing $1711 minor support, this is neutral at the moment. If Price is able to defend support (minor) at $1711, the next likely target is a retest of the upper trendline of the Bull Flag at ~$1900. However, if Price breaks down here, it will likely retest the lower trendline of the Bull Flag at $1650. Mental Stop Loss: (two consecutive closes above) $1941.
#HEX to a penny! Roundtrip from original Bullish breakout Is the scenario that seems most probable.
The time it takes to get there is obviously still to be determined.
But given the nature of where #HEX trades solely on decentralised exchanges and given the pool of #USDC being depleted by sell transactions and general market panic and internal soon to be panic in the community.
I suspect it will bottom before the general market ,and so edging to a high probability it happens during the summer months.
At which point I hope to snag some cheap HEX ...
Lining up with the much delayed and anticipated #Pulsechain launch.
#HVF
#IHVF
@TheCryptoSniper
Dot hype and DEFI project might just be over Dot hype and it’s side chains ( mostly DEFI) might just be over. most defi will be dead with in 12 months
I’m waiting for the “ next” etherum killer to turn up for a year then go away like DOT and that massive scam EOS, AVAX might be the next mega hype
Yes like everything it will go up in a bull run but in general it’s like most blockchain projects ,,,, WORTHLESS
ETH/USD Daily Neutral BearishETH/USD Daily neutral with a bearish bias. *Fed is on day 2 of decreasing the balance sheet, Jamie Dimon says JPMorgan is bracing for an 'economic hurricane' , St. Louis Fed President Bullard suggests cuts may be possible in 2023 or 2024 once inflation comes down and there is widespread unanimity in both the Fed and Congress that inflation is the number one priority (hence the frontloading funds rate hikes this year). However, not all is bearish considering Ethereum has launched a new beacon chain on the Ropsten testnet and first trial of The Merge is expected on June 8th .* Recommended ratio: 40% ETH, 60% Cash. Price is currently trending down at $1850 after being rejected by the upper trendline of the Bull Flag from 05/12/22 at $1941 resistance; the next support is at $1711. Volume remains moderate and is currently on track to break break a two day streak of seller dominance if it can close today in the green. Parabolic SAR flips bullish at $2019; this margin is neutral at the moment. RSI is currently trending up slightly at 39.67 after bouncing from 36.91 support. Stochastic crossed over bearish in today's session and is currently trending down at 70 after being rejected by 80.69 resistance on the first test. MACD remains bullish and is currently trending up slightly at -160; the next resistance is at -90.80. ADX is currently trending down and beginning to form a trough at 43 as Price is falling; this is neutral at the moment. If Price is able to bounce here ($1850), it will likely retest the upper trendline of the Bull Flag at $1941 resistance. However, if Price continues to fall here then it will likely retest the lower trendline of the Bull Flag at $1711 minor support (and potentially lower). Mental Stop Loss: (two consecutive closes above) $1941.
COMP Quick Idea for LongHi everyone!
This idea explores price action using one of my favorite indicators, the Gaussian Channel. I used the 4 hour chart and went back some time to see how Comp behaves when we drop below the Gaussian Channel. I was able to find very similar price action not that long ago and outlined it for all to see. There has been a sequence of tests and rejections on t& top lines of the channel along with the 20MA in both cases. We also see a defined bottom formed which leads me to believe we are gearing up for a retest of the trend line. I have a target of approximately $82. This is right where we will be meeting the 50MA & coincidentally the trend line we have been getting rejected from. Even with all this considered I intend on staggering profits just in case we don't see a pump that high. This idea, as always, all depends on what Bitcoin decides its going to do.
Please let me know what you thing.
Like comment and follow for more ideas and remember, ALWAYS DYOR.
Thanks,
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *Equities and crypto have reinitiated a correlation in today's session as they both rallied on news of China reopening. Aside from that I don't see too much else being bullish with a lag in further supply chain disruptions, the Fed beginning its balance sheet reduction tomorrow and committing to a whatever it takes monetary policy to ring in inflation, a potentially higher CPI number due June 10th and oil prices due to rise as the EU prepares for life without Russian oil.* Recommended ratio: 55% ETH, 45% Cash. Price is currently testing the upper trendline of the Bull Flag from 05/12/22 ($1975) while simultaneously testing $1941 resistance (if it closes above it today it will flip to support). Volume remains moderate and is on track to break a three day streak of buyer dominance if it closes today in the red; Price is currently trading in the third largest supply/demand zone. Parabolic SAR flips bullish at $2407, this margin is mildly bullish. RSI is currently trending down slightly at 42.17, the next support is at 36.91 and the next resistance is at 55.31 (which would coincide with the descending trendline from February 2020). Stochastic remains bullish and is currently testing 80.69 resistance. MACD remains bullish after breaking out of the downtrend from 04/04/22 and is currently trending up slightly at -170.81; the next resistance is at -90.80. ADX is currently trending down at 45.70 as Price is surging, this is mildly bullish. If Price is able to establish support at $1941, the next likely target is a test of the 50/50 uptrend line from February 2017 at $2140. However, if Price breaks down here and falls back into the Bull Flag, it could potentially retest $1711 minor support. Mental Stop Loss: (two consecutive closes below) $1925.
ETH2 "Merge" to Come in Aug. ETH/XTZ Rivalry Renewed?The Ethereum Foundation announced a soft-deadline for the long-anticipated ETH2/Consensys/"Merge" - which will move ETH's current proof-of-work systems over to proof-of-stake.
DeFi and finance people tend to prefer PoS over PoW as an economic engine since it's more similar to how the banking industry operates. It also had the added benefit of being more secure, energy efficient, and easier to understand.
The ETH team may have been feeling the pressure to do the migration sooner than later due to high gas fees having chased a lot of the developers and artists in the ecosystem off the chain - but may have been bogged down by speculators and miners who did well during previous runs and don't want things to change. The migration to PoS this summer needs to be smooth and without incident if the coin wants to maintain its long-term lead.
But since they're dealing with legacy PoW systems that may or may not lead to complications down the line (on top of the politics of it all), we don't know how things will actually turn out. ETH's validator systems (XTZ has a similar system called "Baking") currently requires a massive 32 ETH investment - of which you have to sign a waiver agreeing that there is no definitive date where you might see your money back. In theory, post-merge the initial validators *should* be able to withdraw from the system but if this happens en-masse it could potentially spell a disaster for the project as a whole. A lot depends on how the ecosystem develops post-merge. (Though there is - to be fair - the potential for interest rates to shoot up in order to compensate for its loss.)
Another worry for ETH is what will happen to the price post-merge - in theory, the system itself will "burn" its money supply to keep prices high, but in crypto utility coins and speculation coins are often correlated in an inverse manner. The team reassures investors that their money is safe, but given the new and unprecedented nature of this "merge", there still are no guarantees.
In the meanwhile projects like Tezos (XTZ) - which has been proof-of-stake from the very beginning when it was proposed in 2014 - have been making moves both in the Web3 space and in the markets - one of the few coins this week that managed to remain in the green. It's also one of the chains that artists, developers, and businesses have flocked to after ETH's gas fees started becoming untenable, and we see signs that lesser known projects like these are starting to become more "viable" in recent months. Tezos' protocol was designed specifically for stability - it doesn't require hard-forks for upgrades, offers staking rewards (4.63% on Coinbase for merely holding it - ETH2 currently offers 3.675%), and has historically always had low gas fees, even during the craze of last year. Many people - especially in the arts and NFT spaces - have noticed and have migrated over. (e.g. https://teia.art, objkt.com.)
The two chains historically have always had a rivalry of sorts, back when Ethereum decided to go with PoW, whereas Tezos decided to go with PoS as its Layer-1 from the very beginning. Tezos has remained mostly quiet during the bull runs of the last few years, but as the merge date gets closer, we might start to see this old rivalry re-emerge again.
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *Sunday Scaries Watch... cryptos have been holding steady over the weekend and are currently seeing a slight uptick in buying today, this could very well trickle into Monday and then resume the downtrend later in the week so it's important to have tight (mental) stop losses on any longs.* Recommended ratio: 55% ETH, 45% Cash. Price is currently bouncing off of $1711 minor support which coincides with the lower trendline of the Bull Flag formation from 05/11/22, the top of this formation is at $1941 resistance. Volume is low, which is a bit bearish given the PA, and is currently on track to favor buyers for a second consecutive session if it can close today in the green. Parabolic SAR flips bullish at $2076, this margin is neutral at the moment. RSI is currently trending up slightly at 33.78 as it slowly approaches a retest of 36.91 resistance. Stochastic remains bearish as it is currently completing a trough formation and is on the verge of a bullish crossover at 32.91 (technically testing 22.98 support); the next resistance is at 46.76. MACD is in the midst of resisting a bearish crossover as it breaks out of the descending trendline from 04/04/22, it is currently trending up slightly at -207.28; if it can follow through with this breakout, there would be significant upside considering that the next resistance is at -90.80. ADX remains trending sideways at 49 for what is on track to be the ninth consecutive session, this is as Price consolidates between $1700-$2000; if ADX begins trending down as Price trends up, this would be indicative of a temporary reversal/retracement and therefore mildly bullish. If Price is able to continue up in the coming sessions, it will likely test $1941 resistance as it retests the upper trendline of the Bull Flag from 05/11/22. However, if Price breaks down here then it will likely retest the lower trendline of the descending channel from October 2021 at $1426 support. Mental Stop Loss: (one close below) $1711.
STX/BTC currently trading in the golden pocket rangeSTX/BTC is STX/BTC is currently trading in the golden pocket range on the weekly chart.
The divergence script for many indicators indicates two clear bullish divergences.
Chris Moody's script 'CM Williams VIX' which finds market bottoms, flashes obvious green.
LazyBear's Squeeze Momentum Indicator indicates a momentum change due to the first colour change from red to dark red.
The sell volume has been decreasing for months.
RSI is below 40.
MACD is a lagging indicator but when you switch to a 2/3day timeframe there is already crossover. My expectation is that this will soon follow on the weekly chart.
Should we call this a five day BEAR FLAG formation?WILL this lead to a False rally to $29.2k and stay in this Bear flag tightening formation. OR do we break out of this down trend and rally back to the bigger trend line at $30K ?
ETH/USD Daily TA Cautiously BearishETH/USD Daily cautiously bearish. *The Descending Triangle completed its formation and ended in a breakdown.* Recommended ratio: 15% ETH, 85% cash. Price is currently testing $1711 minor support (new) after breaking down out of the Descending Triangle (took 13 sessions to complete). Volume remains moderate (low) and is currently on track to favor sellers for three consecutive sessions if it can close today in the red. Parabolic SAR flips bullish at $2110, this margin is mildly bullish. RSI is currently trending down at 29.68 as it quickly approaches a retest of the uptrend line from 01/22/22 at ~26. Stochastic remains bearish and is currently trending down at 36.74 but is still technically testing 46.76 support; the next support is at 22.98. MACD remains bullish and is currently on the verge of regressing (after five bullish sessions) to a bearish crossover at -223 as it tests the Descending Trendline from 04/04/22 as resistance; if this crossover is successful it would imply a rejection at the Descending Trendline and this would be very bearish because the next support is at the ATL (-318.82). ADX is currently trending up at 49 as Price is falling, this is bearish. If Price is able to establish support here at $1711 minor support, then it will likely test $1941 support-turned-resistance. However, if Price continues to break down here, it will likely test $1426 support before potentially falling lower. Mental Stop Loss: (two consecutive closes above) $1941.
ETH/USD Weekly TA Neutral BearishETH/USD Weekly neutral with a bearish bias. *Depending on the outcome of the launch of the Merge (transition from POW to POS) on Ropsten testnet 06/08/22, many in the Ethereum community ( including co-founder Vitalik Buterin ) believe that it could launch on Mainnet by August if the transition is successful... or by September-October if there are any hiccups.* Recommended ratio: 45% ETH, 55% cash. Price is currently formally testing $1944 major support (which coincides with the uptrend line from June 2020); this is a critical support, if broken it will likely lead to a significant drop (at least 25%) down to $1400 and perhaps below. Volume remains moderate and is currently on track to favor sellers for eight consecutive weeks (new Ethereum record). RSI is currently trending down at 34 and is quickly losing support at 37.35 as it aims to test the lower trendline of the descending channel from August 2020 at ~32. Stochastic remains bearish and is currently testing max bottom as it will look to form a trough and attempt to cross over bullish. MACD remains bearish and is currently forming a new ATL at -274.38 with no signs of trough formation. ADX is trending up slightly at 21 as Price continues to fall, this is mildly bearish. If Price is able to defend support here between the uptrend line from June 2020 ($1825) and $1944 major support, the next likely target would be a test of $2361 resistance. However, if Price breaks down below the uptrend line from June 2020 at ~$1825 then it will likely test the lower trendline of the descending channel from October 2021 at $1407 support before potentially heading lower to test the 200 MA at ~$1200 for the first time since July 2020. Mental Stop Loss: (two consecutive closes above) $2000.
