Opportunity? Avg Price > Current Cost on LRC:USDAverage weighted price is currently 1.50. The current price of is .99 cents. LRC is a fantastic project integrating ZK-Rollups to reduce tremendous transaction costs. It's being picked up by big institutions and the API / back-end is well maintained to support development. Overall, fantastic product and ecosystem. I recommend it.
Big adoption will be by main-players. Instagram, Twitter, Google + YouTube, Apple, GME, etc. I think the weekly time-frame is important when looking at places to park money in, unless you are scalping with high leverage.
Not really sure, as always, let me know what you think. I think it has potential, and that's why I'm flagging it as an opportunity to share.
Opportunity
Verge: The Original Doge Coin DarkFrom a technical perspective, there is not much to say that cannot be explained with the simple visual representation above.
The correlation between the two is almost perfect and we are experiencing a temporary divergence between the two that is within normal levels.
The divergence is similar to others than have been observed, but is proportionately larger as the system has expanded over time.
Fundamentally, these two coins have a similar level of risk as they are both heavily exposed to the growing adoption of social stances on security and anonymity.
Both projects are approximately the same size in regards to funding, labor, and public interest.
Both projects were birthed during a similar period and were similar in size and growth during cycles over time.
When Verge was birthed in 2014, it was originally Doge Coin Dark before it was rebranded to Verge in 2016, which explains why it has experienced similar trading ranges and is highly correlated to Doge Coin.
When Verge suddenly garners interest in the public eye, it will explode as most people who know Doge Coin today, are completely unaware of what used to be Doge Coin Dark; Verge. There will be many events that can be used to look back and explain why Verge has taken off (Wraith protocol, Rootstock, Investment Fund stakes, etc.), but the reality is that this coin was perfectly poised for this degree of price change and it was inevitable.
Gaps do occur and opportunities present themselves early. That's the joy with paying attention to the market and searching for undervalued coins during mass adoption and record breaking inflation.
Cheers.
Easy 1:3 Risk Reward Trade on a known trendHi,
If you see my previous post you will understand the bigger picture.
here is a small trade,, catched on the 1M time frame it might pay at least the fee's of my biggest trade.
hope it can help someone today !
Share, like and comment so well get visibility,
Good luck !
Carlos
USD/CHF likely to move UP!Hey tradomaniacs,
looks like USD/CHF has found support after the recent breakout.
So far we have seen a 3-Wave-Correction which could be finished soon. Price is attempting to break out of the trendline in order to trigger the potential double-bottom which could cause a high probabillity long-setup.
Swiss is less likely about to increase interest-rates today, so USD might still be strong against the CHF.
Technically a good upcoming long imo.
Lets see what happens! =)
GBP/USD lilely to fall!Hey tradomaniacs,
GBP/USD looks like it wants to fall after the previous fakemove above the key-resistance-zone in roder to grab liquidity.
The fakeout is so far confirmed as the ex-resistance did not turn into a support-zone showing that retailers are probably getting fooled by sellers (those who buy the retracement of the breakout).
The break below the trendline is also an indication for a fall, even tho we have to be carefully due to the recent fakes below it.
Lets see what happens =)
SPX500 likely to fall!Hey tradomaniacs,
the recent fakeout above the key-resistance is a strong indication of a falling market.
Previous fractal has shown two fakeouts and liquidity-grabbing into both directions showing trapped volume in that zone.
This can cause big players to cause fakemomentum to attract more buyers in order to absorb liquidity.
A potential S/H/S-Pattern would be another confirmation for my assumption.
Let`s see what happens!
EUR/USD likely to fall!Hey tradomaniacs,
EUR/USD just broke out below the trend,line of the correction after creating a DT and could ocntinue its move down.
Technically aswell as fundamentally good to short as Jerome has confirmed its hawkish turn and said they will be ready to increase rates by 0,5% per session if needed while the ECB remains pretty dovish in terms of rates and only announced to reduce the QE .
Let`s see what happens =)
USD/Cad likely to move up!Hey tradomaniacs,
USD/CAd could move up with the current correction after the recent breakout of the flag-pattern which is a sign for a trend-continuation.
Overall a tricky situatrion for CAD, so fundamentals and news could of course destroy this setup due to the uncertainy regarding to Ukraine/Russia and the Oil-supply which highly affects the canadian dollar.
What do you think? Techincally a good long ino.
GBP/JPY about to fall again!Hey tradomaniacs,
recent re-test of primary trendline and resistance has been rejected and could cause a continuation of the actual trend.
JPY-Basket also looks bullish while the USD is still putting pound under pressure.
Overall good correlations for a GBP/JPY-Short-scenario and great risk-reward here.
What do you think?
EUR/USD likely to move down!Hey tradomaniacs,
EUR/USD has triggered the recently formed double-bottom and could continue upwards to the marked-up zone of the DB-Target.
After that we might see another move down in order to follow the current trend.
This zone would give us a nice entry right at an important volume-cluster and so a great barrier which could form a resistance.
High risk-reward possible with this setup!
What do you think?
GBP/USD likely to move down!Hey tradomaniacs,
looks like GBP/USD is about to move down right at the current trendline and resistance-zone.
Current USD-Strenght can`t really boost pound against USD and price seems to form a rejection / resistance.
In this case we can sell pound with a nice risk-reward in order to follow the current trend.
Entry #2 would be an alternative entry in case of a fakeout or extended correction.
What do you think?
NZDJPY H&S Formation - Huge Sell opportunity Here is a new SELL Scenario for NZDJPY , there is here a very high probability of head and shoulders formation.
I expect a sell between 80.400 - 80.700
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USD/CHF likely to move UP!Hey tradomaniacs,
looks like USD/CHF is about to move up after the recent volatile spike to the downside which is a stop-loss-fishing move.
Technically we see a correction and finally a breakout above the trendline, while the horizontal support was holding and indicates accumulation.
However, last spike down plus the recent breakout are a great indication for a long.
As always, be carefully in this volatile market, especially ahead the ECB-Event today.
Let`s see what happens! =)
All Gaps Must FillA gap from Dec 2020 was closed in trading yesterday.
It would seem that asset managers are liquidating assets of companies with large manufacturing operations in Russia.
Magna has 2,500 employees in Russia in 6 facilities.
Russia conflict is likely to add even more supply chain constraints for auto manufacturers.
I really like Magna, should the conflict in Russia resolve itself, Magna will be positioned as a great investment opportunity on a discount with a good dividend.