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DEFI

LUNA/BUSD Daily TA Cautiously BearishLUNA/BUSD Daily cautiously bearish. *With 137 million votes to go and 5 days left, the governance proposal to fork Terra into a new chain without UST is at 64% in favor; it just needs to be at 50% or above in 5 days for the network to launch on May 27th.* Recommended ratio: 3% LUNA, 97% cash. Price remains hovering at fractions of a cent as the vote on whether or not to hardfork the Terra chain goes on for five more days; the 50 MA is about to form a Death Cross on the 200 MA at $69 for the first time since June 2021. Volume remains very high and has been shrinking for five consecutive sessions now, and has favored sellers for six. Parabolic SAR flips bullish at $13.23 resistance. RSI remains flatlined at 14.25 for what is about to be ten consecutive sessions. Stochastic also remains flatlined at max bottom for ten consecutive sessions. MACD remains bearish and is trending up slightly at -23 as it is on the verge of a bullish crossover at -21.35; this will be one to watch leading up to the end of voting. ADX continues trending up slightly at 54 in search of a peak as Price continues to hover close to 0, this is mildly bearish; if it is able to form a peak as Price grows, this would be mildly bullish. If Price is able to breakout above $0.01, the next likely target is a test of $0.27. However, if Price continues to see selling pressure, it will continue to hover in volatility under $0.001. Mental Stop Loss: (two closes above) $0.01. **There is an argument to be made about the reduced 100m supply of new LUNA being a bullish catalyst for its Price and it very well could, but this argument assumes that the remaining 137 million votes don't go to 'No with Veto' or 'Abstain'.**
L
by dailytaguy
12
$DIA/BTC 2D (Binance Spot) Bug falling wedge on supportDecentralised Information Asset looks bottomed here, we expect that dip to be the last then finally start the reversal. Current Price= 0.00002656 Buy Entry= 0.00002665 - 0.00002405 Take Profit= 0.00004054 | 0.00005321 | 0.00007541 Stop Loss= 0.00001927 Risk/Reward= 1:2.5 | 1:4.58 | 1:8.23 Expected Profit= +59.92% | +109.90% | +197.48% Possible Loss= -23.98% Fib. Retracement= 0.382 | 0.559 | 0.786 Margin Leverage= 1x Estimated Gain-time= 6 months Website: www.diadata.org Contracts: #ERC20 0x84ca8bc7997272c7cfb4d0cd3d55cd942b3c9419 #BEP20 0x99956d38059cf7beda96ec91aa7bb2477e0901dd
Long
by TradingOn
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *After a small crypto rally over the weekend, the crypto market took a dip on Monday while stocks generally were positive; this is still not a decoupling because the stock market is closed over the weekend while the crypto market is not. Both crypto and stock market sentiment are ranging in Extreme Fear levels... this is typically when you want to be buying if you have a longer investment horizon.* Recommended ratio: 53% ETH, 47% cash. Price is currently forming a weak Descending Triangle (because it can also be a Bull Flag) as it tests $1941 support for an eleventh consecutive session; this is mildly bearish if it gets rejected by the upper trendline of the triangle. Volume remains moderately low and is currently on track to break the two day streak of buyer dominance if it closes today in the red. Parabolic SAR flips bearish at $1749, this margin is neutral at the moment. RSI is currently trending down and testing 36.91 resistance; if it can bounce here then it would be bullish (next resistance is at 55.31). Stochastic remains bullish and is currently trending up at 96.71 as it approaches a test of max top. MACD remains bullish after crossing over in yesterday's session, it is currently trending up at -216 as it approaches a retest of the descending trendline from 04/04/22 at -206. ADX is trending down slightly at 48 after making a soft peak at 51 as Price is defending $1941 major support; this is mildly bullish at the moment. If Price is able to break out of the descending triangle and close above $2144, then it will likely retest $2408 minor resistance before potentially heading higher. However, if Price breaks down here, it will most likely be a significant downturn to $1426 support and potentially lower. Mental Stop Loss: (two consecutive closes below) $1941.
COINBASE:ETHUSD
by dailytaguy
The sexy blonde 2 lockers down :) COMP following the last week liquidations. I have decided to check out the number of On-Chain liquidations amongst major protocols. Comp turned out to be the biggest winner. Most users did not suffer during the retracement and retained their HODL capacity, not being margin called by the protocol. This is incredibly bullish in a Risk-Off environment as users seek safer investments and services. In matters of TA. The comp Token which is a governance token cannot get much sexier than this chart. My final target for comp and level I would be comfortable shorting is anywhere between 917-3615$. By this I mean I would only close longs untill the valuation stands above 3615$! By far the sexiest chart in the defi field. Will be longing it now, DCAing, hodling for the long term. I may have found myself a new crypto wife :P #LOOOOOONG
Long
by TheBitcoinGeneration
1
KAVA/USD Daily Cautiously BullishKAVA/USD Daily cautiously bullish. *Since 05/12/22 KAVA/USD has gone up 116% so a little bit of resistance here at the top of the descending channel is to be expected.* Recommended ratio: 65% KAVA, 35% cash. Price is currently testing $2.72 resistance and is on the verge of testing the upper trendline of the descending channel from August 2021 at ~$2.95 as resistance. Volume remains very high after printing a record high on 05/12/22 and has been fairly balanced between buyers and sellers over the past week. Parabolic SAR flips bearish at $1.50, this margin is mildly bearish. RSI is currently trending up slightly at 45 after finally breaking out above 38.31 resistance (It had been testing it since 05/15/22); the next resistance is the uptrend line from December 2021 at ~53 (which could potentially coincide with 56.84 resistance). Stochastic currently remains bullish at 99 after going nearly straight up from max bottom on 05/12/22; it's on the verge of testing max top where it can coast in the "autobahn zone" for a while. MACD crossed over bullish in yesterday's session and is currently testing -0.44 resistance; if it can break above it then the next resistance would be at -0.18. ADX is currently trending down at 28 as Price continues to go up, this is mildly bearish; if ADX can bounce here as Price continues to rise then it would help confirm that this is a reversal and not a retracement. If Price is able to break out above the upper trendline of the descending channel from August 2021 (~$2.95) then the next likely target would be a test of $3.31 resistance. However, if Price is rejected here (at either $2.72 resistance or the upper trendline of the descending channel), it will likely test the $2 level as support and may fall as low as the lower trendline of the descending channel at ~$1. Mental Stop Loss: (one close below) $2.19.
KRAKEN:KAVAUSD
by dailytaguy
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *Altcoins like FTM, KAVA, XTZ have all crossed over bullish on the MACD and broken out to the upside -- this is bullish for the broader crypto space and implies that a weekend crypto rally is likely underway.* Recommended ratio: 60% ETH, 40% cash. Price is currently testing $1941 support for the sixth time in ten sessions and is forming a bull flag in the process. Volume remains moderately low and fairly balanced between buyers and sellers in the past five sessions indicating there is some consolidation taking place at this level. Parabolic SAR flips bearish at $1731; this margin is neutral at the moment. RSI is currently trending up slightly at 35 as it approaches 36.91 resistance. Stochastic remains bullish and is currently testing 80.69 resistance. MACD remains bearish and is trending sideways at -239, if it can manage to cross above -231 then a bullish crossover would take place; the next resistance is the descending trendline from 04/04/22 at -200 and the next support is the ATL at -318. ADX is currently trending up slightly at 50 and appears to be preparing for peak formation; if it peaks and Price goes up, this would be mildly bullish. If Price is able to bounce from $1941 support then the next likely target is a retest of the 50/50 trendline from March 2017 at ~$2100. However, if Price breaks down here and loses $1941 support, the next likely target would be a retest $1426 support (last time tested was February 2021). Mental Stop Loss: (two consecutive closes below) $1941 support. **Traders pls be vigilant as ETH approaches $2100... may want to derisk if this is in fact a weekend Dead Cat Bounce**
COINBASE:ETHUSD
by dailytaguy
#HDRN HEDRON showing relative strength against #HEXAfter a complete roundtrip back to near it's launch price. We are seeing a firming and potential reversal happening. The HSI auction are potentially going to be with us in just over a month. At current hedron prices, it would require a huge number of tokens to particpate and buy of these encapsulated stake On current estimates 50 billion tokens ... which will be burnt upon purchase. These are the tokenomics that will give use case and demand value of these tokens going forward.
HLong
by BallaJi
ETH/USD Daily TA Neutral BearishETH/USD Daily neutral with a bearish bias. *Bulls are defending the CRITICAL SUPPORT at $2000 for the seventh consecutive day and may succeed but be wary of a potential bull trap.* Recommended ratio: 40% ETH, 60% cash. Price is currently testing $1941 support for the fourth time in the past seven sessions after being rejected by the 50/50 trendline from February 2017 as resistance at $2100. Volume is back to being moderate and fairly balanced between buyers and sellers as Price is testing a very critical support. Parabolic SAR flips bearish at $1717, this margin is mildly bearish. RSI is currently trending up and testing 36.91 resistance; if it can break above it then it will likely test 55.31. Stochastic remains bullish after resisting a bearish crossover in yesterday's session and is currently trending up and testing 46.76 resistance. MACD remains bearish and has been trending sideways at -252 for six consecutive sessions now in trough formation; if it is able to break above -224 then it would cross over bullish. ADX remains trending up and is currently beginning to form what could be a peak at 48 as Price is seeing support after a 45% drawdown since April 5th; if ADX begins to trend down as Price goes up, this would be mildly bullish. If Price is able to defend $1941 support then the next likely target is a retest of the 50/50 trendline from February 2017 at $2100 before potentially heading higher to retest $2408 minor resistance. However, if Price breaks down here, expect quite a violent sell-off that will likely take Price down to $1426.78 support. Mental Stop Loss: (two consecutive closes above) $2100.
COINBASE:ETHUSD
by dailytaguy
$FTM/USDT 90m (#BinanceFutures)Falling broadening wedge breakoutFantom is pulling back to 50MA support and looks good for a bounce then a short-term recovery! Current Price= 0.7531 Buy Entry= 0.7432 - 0.7050 Take Profit= 0.8346 | 0.9233 | 1.0164 Stop Loss= 0.6354 Risk/Reward= 1:1.25 | 1:2.25 | 1:3.3 Expected Profit= +15.26% | +27.51% | +40.37% Possible Loss= -12.25% Fib. Retracement= 0.559 | 0.786 | 1 Margin Leverage= 1x Estimated Gain-time= 1 week Tags: #FTM #FTMUSDT #Scaling #PoS #Staking #DAG #SC #EVM #Enterprise #DApp #DeFi #BSC #BC #SolEco Website: fantom.foundation Contracts: #Mainnet #ERC20 0x4e15361fd6b4bb609fa63c81a2be19d873717870 #BEP20 0xad29abb318791d579433d831ed122afeaf29dcfe #BEP2 FTM-A64 #SPL 8gC27rQF4NEDYfyf5aS8ZmQJUum5gufowKGYRRba4ENN #CELO 0x218c3c3d49d0e7b37aff0d8bb079de36ae61a4c0
FLong
by TradingOn
ETH/USD Weekly TA Cautiously BearishETH/USD Weekly cautiously bearish. *With the merge finally expected to be deployed on Ropsten Testnet around June 8th and then hopefully on the Ethereum Mainnet within the following few months, Terra collapsing and Solana network outages... there is reason for bullishness, but with fears of full blown recession being staked by the US economy being in stagflation it's generally advised to be risk off unless you're an investor with a long time horizon.* Recommended ratio: 30% ETH, 70% cash. Price is currently testing $1944 support which is just above the critical uptrend line from June 2020 ($1800). Volume is currently lower than last week's and on track to favor sellers for a seventh consecutive session. Parabolic SAR flips bullish at $3917; this margin is mildly bullish. RSI is trending down slight at 34.60 and is still technically testing 37.35 but if it doesn't bounce here then it will likely test the lower trendline of the descending channel from August 2020 at ~32. Stochastic remains bearish and is currently trending down at 3.51 as it will look to touch max bottom in the current or next session. MACD is currently forming a new ATL at -232.81 with no sign of trough formation. ADX is currently trending up slightly at 22 as Price continues to fall, this is mildly bearish. If Price is able to defend support at $1944 then it will likely consolidate before retesting $2361 resistance. However, if Price breaks down here, it will have the uptrend line from June 2020 at $1800 as the last line of support before potentially testing the lower trendline of the descending channel from October 2021 at $1407 support. Mental Stop Loss: (two consecutive closes above) $2361.
COINBASE:ETHUSD
by dailytaguy
ETH/USD Daily TA Neutral BearishETH/USD Daily neutral with a bearish bias. Weak Head and Shoulders formation from March 2021 still in play -- equity markets and crypto markets are still highly correlated, equity markets have been bullish this week so be ready for it to carry over into cryptos . Recommended ratio: 47% ETH, 53% cash. Price is currently trending down at $2050 after being rejected by the 50/50 uptrend line from February 2017 ($2100) as resistance on the first test. Volume has dropped back to being moderately low and has favored buyers in four of the past five sessions, indicating that there is a bit of support at $1941. Parabolic SAR flips bearish at $1700, this margin is neutral at the moment. RSI is currently trending up at 33.60 as it approaches 36.91 resistance. Stochastic remains bullish and is currently trending up at 35; it is still technically testing 22.98 resistance. MACD remains bearish and is currently trending sideways (slightly up) at -254; it will need to break above -208 to crossover bullish. ADX is currently trending up slightly at 46 as it continues to trend toward a peak formation, which would in this case signal a potential incoming retracement or reversal. If Price is able to close above the 50/50 uptrend line from February 2017 ($2117) for two consecutive sessions, the next likely target would be a test of $2408 minor resistance. However, if Price continues to fall here it will likely retest $1941 support before potentially heading lower to $1426 support. Mental Stop Loss: (two consecutive closes above) $2117.
COINBASE:ETHUSD
by dailytaguy
ZKTUSDT hidden gem on Layer 2. Major updates are here!Fundamental Analysis #ZKTUSDT zkTube has Rebranded to ZKTMETA : Key Takeaways By merging its metaverse operation systems with its industry-leading Layer-2 network, ZKTMETA is turning the dream of a rich metaverse into the average consumer’s reality The project is all set to facilitate metaverse games with the sophistication of epic proportions thanks to the raw power, affordability, and security of its Layer-2 network At the same time, it’s empowering creators by laying the groundwork for them with the metaverse operation system. This will undoubtedly accelerate the pace of innovation as more and more creators bring their diverse imaginations to the table The potential of ZKTMETA is already being realized in the form of its first metaverse game known as MetaTube. 1.Building a Metaverse Operation System on Layer 2 2.Why Layer-2 is the Right Choice ? 3.The Future of Metaverse is Here 4.The First Metaverse Game on ZKTMETA Checkout their official twitter updates @zkTubeOfficial Technical Analysis 1.Breakout from 13-21-55 EMA and retesting the level and show's perfect time to enter. 2.Breakout from descending triangle and retesting shows momentum . 3. Etherscan shows major coin holder's are accumulating in dip. #ZKTMETA #ZKTUSDT #metaverse #blockchain
ZLong
by muhammedrashadkm
Why I believe Bitcoin is due for further correction?Hey Crypto Community! Following the UST/LUNA and related FUD events last week Bitcoin has dropped from $35,000 all the way down to $25,200. It has re-bounced back to $30,000 level on the following day and is currently trying to re-test significant resistance level of $30,000. It is important to monitor crypto markets tomorrow and see at which level Bitcoin weekly candle will close. Should Bitcoin price end its week below the $30,000 price level, there will be a high probability of downtrend continuation. Why I believe that we will see Bitcoin sliding towards lower levels? 1. RSI indicator on a weekly timeframe is still in a bearish divergence and has not reached the bottom of its oversold territory. 2. 200 Daily Moving Average has been a strong support level during the bear market and indication of Bitcoin bottom. Therefore, I expect Bitcoin price to go to its lower price levels. It looks like its due for another leg down and is very close near its capitulation. In my next idea I will be sharing few macro indicators that already signalling the beginning of Bitcoin capitulation and BUY zone. I will share the best Bitcoin BUY signals. Stay Crypto! Please don't forget to "Like" this idea and follow to see my updates and ideas.
BITFINEX:BTCUSD
by newbitcoinuser1
LUNA PONZI PLAYED OUT PERFECTLYThis LUNA chart that I charted back in February speaks for itself. Head & Shoulders target met, Diamond Top pattern hit. BTC dumped November, LUNA went onto pump and make ATH. The fake out is the best I have ever seen as I said in previous post. LET me be clear, I do not follow the news so I did not no what happened with LUNA until my girlfriend told me to check the charts when I was at work. I was not surprised because the charts show you the news before it happens days, weeks, months in advance. One ENTITY and one person making the moves is called a Composite, which makes this a centralised project (centralised finance). I hope this chart shows people to remove emotion and zoom out. NOT FINANCIAL ADVICE.
by UnknownUnicorn15453819
5
LUNA Daily Analysis 5.11.2022🔴 This coin with a 60$ billion market cap is moving towards zero with a 97% correction. 🟢Experience in the crypto market has shown that when the market is willing to pour, the word price floor does not have as much meaning as it does in the rising waves of the ceiling. So do not enter the purchase until the return pattern is seen in the currency in the hope that the currency is on the floor and do not risk your entire capital for a small profit. 💎Seeing the chart above, those who are familiar with the word loss limit and have strictly observed it will smile.
by Trader_Needs
4