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$SAND retracement? I think that $SAND is potentially a good investment in case $BTC remains bullish scenario before huge correction. - 1D RSI shows hidden bullish divergence - We retraced about 40% from ATH price and I suppose at least one bounce back to those levels is possible, but I don't think that we'll make new ATH - The price strongly stays in the middle of the pitchfork which at least suggests the continuous uptrend movement But since we are forming a rising wedge in the 1h timeframe, my thoughts are that we are going to drop down to the trendline and penetrate it to collect Stop-Losses. So in case we don't fixate under the trendline, the uptrend movement is highly likely. In that case the perfect entrance point is around 0.64-0.69$. Possible targets: 0.75 -> 0.88 -> 0.92 -> 0.95 -> 1.2 Stop-loss: 0.6-0.605 It is not a financial advice. Do your own research. These are just my personal opinions. Good luck.
by DeFi-tacular
ETH - WE REPEATED THIS PATTERN IN 2017! | CRASH MAY NOT BE OVER!Analysis Price action is following a similar pattern to 2017 where there was a hefty consolidation after an insane price surge Price this year had surged to over $4000 in a short time frame which resulted in an over 60% crash to $1600 This crash was to the 61.8% fibonacci retracement, just as the previous 2017 cycle had crashed to Following the 2017, mid-cycle crash, price formed an ascending triangle which lasted around 6 months before continuing the final surge to end the bull market Similarities between current price action and 2017's price action leads me to believe that something similar may act here again Price has already crashed after failing to print a new ATH as it couldn't break through this resistance This may lead to further consolidation and ranging which could form some sort of ascending triangle like 2017 Price action in 2017 did the same as it failed to break past the previous ATH at that point and retraced to the 61.8% level Thus, insinuating that we may crash further from here and all the way to the 61.8% local fibonacci level Conclusion Price action has largely followed the 2017 mid-cycle consolidation phase before resuming the bull market As a result, this suggests that something similar may occur, but not guaranteed, meaning consolidation has yet to finish Short Term: Price is expected to crash further to, at most, the 61.8% fibonacci level Mid Term: Price is expected to consolidate in an ascending triangle like formation, winding before finally breaking the $4000 level and off to new ATH's Long Term: Price is expected to resume the bull market to new all-time highs in the region of $10,000+
INDEX:ETHUSDShort
by JayanVarsani
SAND Investment Analysis 07-09-2021 by TheSocialCryptoClubGood evening everyone! We present an analysis on the SAND asset. Fundamentals : For those who don't know, SAND is a token related to the world of NFT Gaming and will be used to buy and sell items, land and more in the SandBox Game metaverse. The gaming industry was one of the few that held up very well during the corona crisis, and the rise of play to earn games is totally changing the gaming paradigm around the world. SandBox is a very interesting project, with a solid structure behind it, a populous universe of gamers, game makers and asset creators since before the project was launched. As seen with Axie Infinity (AXS) this could be a great medium to long term investment opportunity. The long term outlook remains always bullish even in view of the release of the game, of which many major players in the crypto world, for example Binance , ATARI , Square Enix , have already purchased multiple lots of land in order to create levels of the metaverse and consequently have a return linked to the amount of players who will play it. Technical Analysis : As we can see the token has suffered, like the rest of the sector, a steep decline due to the May dump. Recovering thanks to the news on the game, we can see that a definite ascending channel was formed with the formation of a triangle that was broken towards new highs. Currently we are in price discovery and it is not advisable to start an accumulation plan, but as visible from the volumetric profile, it is possible to identify a new POC in formation. Below it there is a strong volumetric gap that could lead the price towards the retest at the base of the channel coinciding with the break out levels of the triangle. If this does not hold we could return to the levels of the previous poc. Also the CryptoFall indicator confirms that these levels are important for the price right in the area between 0.382 and 0.618. This area could be interesting for a series of equidistant orders of small equal amount to make a well dosed accumulation plan on the depth of an eventual retracement. Thanks for your attention and happy to support the TradingView community!
SLong
by TheSocialCryptoClub
15
An Eco-System Is BornI have been long awaiting the launch of Efinity I can't attest to what will happen with price action in the short term, but long term ENJIN and its surrounding ecosystems are posed to take over the NFT and Gaming crypto space. Do your own due diligence and research into what ENJIN is building here with launch of Efinity and Jumpnet. Small piece of information pulled from the Efinity whitepaper: "The Enjin JumpNet blockchain allows users to execute transactions for free. In order to offer this, JumpNet imposes a series of limits against each address on the network. By holding EFI on JumpNet (referred to as "JEFI"), users will be able to increase their JumpNet transaction limits. For every 100 JEFI* a user holds on JumpNet, their limits will be doubled (up to designated limits)." ENJIN chart linked below in related ideas. As Always, Good Luck And Safe Trading.
E
by CapitulationCalls
DOT-USDT (Breakout)Polkadot is currently in the Parachain Rollout (Final) phase of its Blockchain development. As parachains get tested and optimized on parachain testnet and Kusama, Polkadot governance can rollout parachain slot lease auctions. As the parachains get live on the network, Polkadot will be officially launched. Polkadot has been conducting various webinars to spread awareness about Web 3.0- a step to educate its community about the potential entrapped in its technology. With the Smart Contract platforms gaining enormously, DOT is also exhibiting signs of strength in its price action. On the Daily Time Frame, DOT has given a Breakout from the level of $28. The breakout signifies a prominent move to the upside that may unfold in the coming days. The support to the lower side is present at $28.2 while it may face resistance at the level of $38 followed by $42 .
Long
by TradeDog-Research
OGN-USDT (Breakout)Origin Protocol is built with the vision to bring NFTs and DeFi to the masses. The protocol is backed by some prominent institutional investors such as Blockchain.com Ventures, Hashed and Pantera Capital. The team includes serial entrepreneurs- Founder of PayPal, early employees at YouTube, and engineering managers at Google and Dropbox. The expertise of the team along with the backing of these institutional giants helps us to understand the potential of the project to scale tremendously. Origin has built its product- NFT Launchpad with the launch of a secondary marketplace planned in their Roadmap. They have currently integrated with the Polygon network to expand their audience base by allowing them to buy more accessible NFTs. The building momentum in the value-driven NFT project coupled with the adoption of the Polygon network is set to scale OGN to new highs. On the Daily Time Frame, OGN has been consolidating at the level of $1.20 which has previously acted as the Resistance level. It looks well set to trigger a Breakout at the current levels. The support to the lower side is present at $1.04 while it may face resistance at the level of $1.85 on the higher side.
Long
by TradeDog-Research
TradingView tools for educational artWhy I use cartoons in my education; After trading for 21 years, I really like to simplify my charts - when trading I tend to only use one indicator - and that is more confluence & confirmation than entry/exit. What I find that works well, when teaching students, is visual. Getting the message over in a fun way - it is easy to remember the content. In doing this, I have found that using @TradingView has become a very useful addition and in recent months I have enjoyed making content for education in the community here. This has also taken a new path as NFT's have taken off and TV could be used for that element too. So what I wanted to do was share some of the recent posts all in one place and walk you through my latest one - step by step. **** YOU CAN CLICK THROUGH EACH IMAGE FOR THE ACTUAL POST **** The other thing you can do is use the drawing tools to create visual representations of patterns, candles and other useful tricks to share with the community. One recent post was this - the 3 page cheat sheet. This was built using the path tool and trend lines. Similar content to explain more complex Technical Analysis. ================================================================================================= And of course some of the fun stuff; This post was a huge hit, talking you through the emotions of being a trader, I tried to use Homer as the 'average' man that we can all relate to at times, Relaxed when the market is strong Through to Hope! As panic sets in. ================================================================================================= Other posts using images; ================================================================================================= So when starting, I decide on the message I am trying to get over. Then select a theme or a character. From there, it's a question of If it will be incorporated with the chart active or not - again another useful feature on @TradingView - you can toggle the bars, lines, candles off if you use the little eye icon on the symbol in the top left. In this example walk-through I am making a Fibonacci based image for a new Fibonacci post. So I started with the angles - I used the angle line tool first and then copied with 'ctrl' & drag to the next levels. This give me the lines I needed to start the overlay. And then I could start building up and around - point to point. Now you can start to see the spiral come together. I then start adding detail, playing with the colour setup and so on. Even adding a Fib box in the middle. Still getting the colour configuration right. Removing the lines from behind. And the final image. =================================================================== So as you can imagine, sometimes it takes a long time to build one of these types of posts. But it's worthwhile when it helps deliver the message. I hope this is insightful and a good glimpse into how to use the charts for fun & education. And of course with the rise of NFT's - you could build your own art here on @TradingView Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:SOLUSDEducation
by Mayfair_Ventures
8
Is HBAR/BTC getting ready for a great move up?With positive fundamental news coming to HBAR in the past few weeks and days (LSE as GC member, NFT support on Mainnet, and rumours about a Fortune 10 company...), HBAR could be setting up for a breakout against Bitcoin. My thoughts is that if we take out the resistance level at .575, we could potentially test All-time-highs in the pair again. I will be watching if HBAR/BTC manages to stay above my 14 Day EMA. There is also a smaller wedge forming, with the same level of .575 to watch on the upside. As for the downside, pay attention to the .540 level as that could send the pair lower for a while. This is why it is important that HBAR continues to participate in the current bullrun, and does not fall too behind BTC's performance.
Long
by Amci99