GBPJPY still gives bearish sentiment$$$Took a short yesterday that went according my analysis. After a retracement and doing further analysis my bias is still leaning heavily towards the downside. The monthly nor has the weekly high been breach to make a new higher high. Right now, i'm looking at a rejection on the 4hr and 1hr timeframes that looks to be hitting resistance inside of a fair value gap. My intentions is to dropdown into a lower time frame and look for an entry to short the market.
The Asian and London highs has been breached absorbing liquidity in the form of buystops. After a low or high is taken price usually runs up about 20-30 pips more before making a correction or trend reversal.
Everyone have a safe and productive trading week!!!
Marketplace
PINS, STRIKE, SPARE OR GUTTER BALL? YOU DECIDEThe important stuff kept quick.
Yellow line = guideline, one of many possible outcomes, helps me with backtracking, it should not be followed, instead focus on trends and price targets
Green = support, expect bounces
Support trends = 1 weak short term support likely to fail, but backed up with a much stronger trend. Weekly RSI dropping, Likely only one decent move to the upside left. IMO, lots of risk in bullish positions where profits aren't quickly taken.
There is downside showing all the way to $12.
There is upside showing to $54, but 43 and 48 are more likely.
Good luck!
Are NFT Marketplaces a trend today? Which assets to choose? The anticipated release of $BLUR could force traders to reevaluate the NFT marketplace sector and create a wave of growth. In this article, we will gather the main assets from the NFT marketplace sector and compare their metrics and products.
The major players in the sector, the two biggest players OpenSea and Blur have no token
LooksRare ($LOOKS)
Price: $0.3
ATH Price: $5.3
Market.cap: $145m
ATH Market.cap: $757m
FDMC: $308m
Although $LOOKS is one of the largest companies in the sector, it is risky enough to buy the token. $LOOKS has a large number of stakers, some of whom bought and accumulated the token at lower prices
The $LOOKS token has risen 131% in the last 3 months.
SuperRare ($RARE)
Price: $0.17
ATH price: $3.1
Market.cap: $56m
ATH Market.cap: $317.8m
FDMC: $170m
One of the most popular niche marketplaces where unique art is traded, not collections. It is also interesting because it's listed on Binance, and Binance retail investors are willing to buy anything that's trending and can give profit.
$RARE token is up 92% in the last 3 months
X2Y2 ($X2Y2)
Price: $0.21
ATH price: $3.2
Market.cap: $38.6m
ATH Market.cap: $300m
FDMC: $209m
It is the largest volume marketplace after Blur and OpenSea, but its token is lower by all metrics than $LOOKS, for example. It can be considered as a potential alpha for narrative growth and one of the hidden gems along with $RARE.
$X2Y2 is up almost 400% in the last 3 months.
Rarible ($RARI)
Price: $2.27
ATH price: $45
Market.cap: $867m
ATH Market.cap:
FDMC: $56m
One of the oldest projects of the sector. It has the smallest metrics for today..
RARI token has risen 34% in the last 3 months
A little bit about $BLUR
The Blur project now is a direct competitor to OpenSea, whose capitalization was estimated at the market peak in 2021 at ~ $1b. The release of $BLUR with roughly the same performance for FDMC may prompt the rest of the market to review token prices for projects from the same segment and, even more interestingly, may prompt OpenSea to give up issuing shares and going public and move to prepare for a token issue so as not to lose its position in the market
Conclusion
This year may be a pivotal year for the entire NFT sector. The largest companies in the real sector have increased their presence in this market and almost all of them have their own initiatives for denser integration. The possible token rally of NFT marketplaces could be just the beginning of this trend
Share your thoughts about NFT projects in a comments section, whether it worth trading/investing or not. Maybe you did some profit with it and you're ready to share your experience. Also check links and start trading with us!
Thank you for reading!
BTS needs a triple combination in the 2nd wave BTS needs a triple combination in the 2nd wave to prepare for the 3rd wave.
crab harmonic pattern:
AB=0.38 XA
BC=0.88 AB
1.6 BC=$0.168
2 BC=$0.302
0.78 XA=$0.369
2.24 BC=$0.437
0.88 XA=$0.598
2.6 BC=$0.782
1.13 XA=$1.94
3.6 BC=$3.63
1.27 XA=$3.84
1.41 XA=$7.48
4.23 BC=$9.4
1.6 XA=$20.4
it was end of the 2nd wave?butterfly harmonic pattern:
X=$1.47
A=$0.0054
AB=0.78 XA
BC=0.88 AB
0.78 BC=$0.193
0.88 BC$0.285
0.78 XA=$0.443
1.13 BC=$0.74
0.88 XA=$0.776
1.13 XA=$3
1.6 BC=$4.97
1.27 XA=$6.74
1.41 XA=$14.46
2 BC=$22.13
1.6 XA=$46.8
2.24 BC=$56.5
$IOST/USDT 4h (#BinanceFutures)Falling broadening wedge breakoutInternet Of Services Token looks good for bullish continuation after regaining 100EMA support!
Current Price= 0.026028
Buy Entry= 0.025961 - 0.024841
Take Profit= 0.028987 | 0.032609 | 0.036183
Stop Loss= 0.022522
Risk/Reward= 1:1.25 | 1:2.5 | 1:3.75
Expected Profit= +28.24% | +56.76% | +84.90%
Possible Loss= -22.66%
Fib. Retracement= 0.618 | 0.786 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Tags: #IOST #IOSTUSDT #IoT #DApp #NFT #Maketplace #Hardware #Wallet
Website: iost.io
Contract:
#Mainnet
surging of BitShares is near?crab harmonic pattern:
AB=0.61 XA
BC=0.38 AB
tp1=1.6 BC=$0.49
tp2=2 BC=$0.93
tp3=2.24 BC=$1.4
tp4=2.6 BC=$2.65
tp5=3.6 BC=$14
tp6=1.6 XA=$20
butterfly scenariobutterfly harmonic pattern:
AB=0.78 XA=$0.37
BC=0.88 AB=$0.0127
tp1=0.88 BC=$0.259
tp2=1.6 BC=$3
tp3=1.27 XA=$4
tp4=1.6 XA=$21.5
tp5=2.24 BC=$24.5
LRC Looks prime to test previous ATH ($2.51)Good afternoon traders!
Just a little bit of fibonacci levels here, LRC is currently presenting a potential bull flag following the breakout of the falling wedge. Stop loss is set just a few percent below the 0 level, with my average entry at 1.073.
A solid entry point seems to be a close on the 15m above this current fib level, with adequate volume and momentum. Looking to see Loopring push up to it's previous ATH being $2.51 with the GameStop NFT marketplace news expected to drop shortly. I currently don't have any targets if/when we break ATH, I want to see how it plays out.
Good luck traders!
FTT/USD FTX Token Support and resistance Hello traders, this is my idea on FTT/USD support and resistance levels.
1. HL trendline
2. Support area
3. Confluent support
4. First line of resistance.
As long as the price holds support area we should see another attempt to flip resistance into support.
Also RSI is trending higher.
Rank# 30
Volume 24h: $4,892,219
triple combination into the bullish trianglemaybe another retest at $0.355 before the breakout of $0.45.
$EBAY: Tapering proof? With Jackson Hole this week looking to create rotation in certain names, I believe you may be able to look beyond it to mid caps like EBAY who have been showing a tremendous amount of relative strength recently against the broader indices and I wonder if there's a lot more left in the tank. After ETSY's earnings went off in a strong way, we'll see if names like this have even more life post-COVID