People
PEOPLE sell/short setupFrom where we put the red arrow on the chart, it looks like PEOPLE's correction has started.
It looks like we have an ABC that we are now at the end of wave B. Wave B is a triangle.
By maintaining the red range, it can drop towards the green range.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ConstitutionDAO ($PEOPLE): Poise for Long-Term Growth PotentialIn the evolving world of cryptocurrency, the Politfi tokens are gaining momentum and ConstitutionDAO ( SEED_DONKEYDAN_MARKET_CAP:PEOPLE ) stands out as an emblem of both community-driven initiatives and the power of decentralized finance (DeFi). Though initially formed as a unique social experiment, ConstitutionDAO left an indelible mark in crypto history, and SEED_DONKEYDAN_MARKET_CAP:PEOPLE continues to captivate investor interest due to its unique origin and growth potential.
Understanding ConstitutionDAO: The Story Behind SEED_DONKEYDAN_MARKET_CAP:PEOPLE
ConstitutionDAO, a decentralized autonomous organization, was born in November 2021 with an ambitious mission: to purchase a rare copy of the U.S. Constitution in a Sotheby’s auction. This group of crypto enthusiasts managed to raise a remarkable $47 million in Ether (ETH) within days from over 17,000 donors. Unfortunately, despite their impressive efforts, the bid was ultimately won by billionaire Ken Griffin, CEO of Citadel, leaving ConstitutionDAO’s mission unfulfilled.
After its unsuccessful attempt, ConstitutionDAO ( SEED_DONKEYDAN_MARKET_CAP:PEOPLE ) honored its initial commitment to disband if the mission failed, allowing contributors to reclaim their donations. Despite the group dissolving, SEED_DONKEYDAN_MARKET_CAP:PEOPLE remains a powerful symbol and token, reflecting a unique blend of community activism, the appeal of meme culture, and the viral power of Web3.
What Makes ConstitutionDAO ( SEED_DONKEYDAN_MARKET_CAP:PEOPLE ) Unique?
ConstitutionDAO's appeal stems from its community-focused approach, tapping into the power of the internet to galvanize collective action. Using popular memes and rallying cries on platforms like Twitter, the DAO gathered a formidable community. Its approach resembles the GameStop movement, which also rallied retail investors against traditional financial players. ConstitutionDAO ( SEED_DONKEYDAN_MARKET_CAP:PEOPLE ) brought this spirit into the crypto space, demonstrating that a group of dedicated individuals could make a powerful bid on one of the rarest American artifacts.
The DAO’s Discord channel, filled with thousands of supporters, grew to over 20,000 members in less than a week, further emphasizing the unprecedented scale of the initiative. The donation platform used, Juicebox, enabled seamless Ether contributions and allowed SEED_DONKEYDAN_MARKET_CAP:PEOPLE to gather substantial funds. However, the auction house fees and storage costs for the document created financial constraints that ultimately hindered ConstitutionDAO’s bid success.
Technical Analysis of SEED_DONKEYDAN_MARKET_CAP:PEOPLE
The current market performance of SEED_DONKEYDAN_MARKET_CAP:PEOPLE reflects its unique position within the crypto landscape. At the time of writing, SEED_DONKEYDAN_MARKET_CAP:PEOPLE trades at around $0.0754, with a 24-hour trading volume exceeding $145 million. This asset is currently ranked #148 on CoinMarketCap, holding a market cap of over $381 million and a circulating supply of approximately 5 billion SEED_DONKEYDAN_MARKET_CAP:PEOPLE tokens.
SEED_DONKEYDAN_MARKET_CAP:PEOPLE currently hovers within a consolidation zone, with a key support level around $0.07. This zone could be an entry point for traders looking for potential upside. Should the price test this support level, traders may consider it a buying opportunity.
The Relative Strength Index (RSI) however, currently at 48.61, shows that SEED_DONKEYDAN_MARKET_CAP:PEOPLE remains steady, neither oversold nor overbought, giving a balanced indication of its current market health. With a stable RSI, any move toward the $0.07 support could provide a favorable entry for bullish investors.
The coin has a considerable circulating supply of 5 billion tokens, which limits rapid price escalation but also suggests the potential for a more gradual, steady growth. Analysts posit that with continued interest and long-term community backing, SEED_DONKEYDAN_MARKET_CAP:PEOPLE has the potential to reach a $1 price pivot in the future.
A Symbol of Community-Driven Crypto
Even after ConstitutionDAO’s dissolution, SEED_DONKEYDAN_MARKET_CAP:PEOPLE persists as a representation of the cryptocurrency movement’s ability to influence real-world events. Similar to meme coins like Dogecoin and Shiba Inu, SEED_DONKEYDAN_MARKET_CAP:PEOPLE serves as a social token, strengthened by a dedicated community that sees the asset as a form of symbolic ownership in a historic mission.
The ConstitutionDAO movement has rallied crypto enthusiasts and digital asset investors, emphasizing collective efforts over individual financial gain. The DAO’s mission to buy a U.S. Constitution copy sparked a movement, reminding people of crypto’s community-centered roots.
With only 13 original copies of the U.S. Constitution in existence, the DAO’s mission was appealing for its rarity factor, sparking interest from the broader crypto community. While it may not have succeeded in the bid, the project’s attempt brought widespread media attention to decentralized communities, boosting SEED_DONKEYDAN_MARKET_CAP:PEOPLE ’s value and reputation as a significant crypto asset.
Future Prospects for SEED_DONKEYDAN_MARKET_CAP:PEOPLE
Despite the failure to secure the Constitution, SEED_DONKEYDAN_MARKET_CAP:PEOPLE is in a strong position for potential future growth, thanks to its community-driven origin and historical significance in the crypto market.
1. Symbolic and Cultural Value: SEED_DONKEYDAN_MARKET_CAP:PEOPLE ’s value is strongly tied to its roots as a socially significant experiment, and it continues to resonate with the crypto community as a piece of digital history. This symbolic value could sustain investor interest and support token longevity.
2. Long-Term Investment Potential: Trading around the support level of $0.07, SEED_DONKEYDAN_MARKET_CAP:PEOPLE may offer a promising entry for long-term investors aiming to hold a piece of crypto history. If community interest and adoption rates persist, reaching the $1 mark is within reach, especially given the asset’s limited supply.
3. Potential Risks: The coin’s dependency on social and community-driven value means it could face volatility if market interest shifts or declines. Investors should consider the coin’s speculative nature and closely monitor community sentiment.
Summary
ConstitutionDAO’s SEED_DONKEYDAN_MARKET_CAP:PEOPLE token is more than just a cryptocurrency—it’s a symbol of what a decentralized community can achieve when united by a common goal. SEED_DONKEYDAN_MARKET_CAP:PEOPLE holds cultural significance and the backing of an enthusiastic community, fueling its potential as a historical artifact in the world of cryptocurrency.
As a reminder, SEED_DONKEYDAN_MARKET_CAP:PEOPLE ’s path to growth is dependent on its community’s engagement and the broader crypto market sentiment. While it may be a speculative investment, SEED_DONKEYDAN_MARKET_CAP:PEOPLE undeniably encapsulates the heart of decentralized, community-driven projects. Whether as a cultural artifact or a promising long-term asset, SEED_DONKEYDAN_MARKET_CAP:PEOPLE stands as a testament to the strength of decentralized finance and collective action in the digital age.
PEOPLE/USDT Long Trade on 4h Time Frame: Nearing Final TargetWe entered a long position on PEOPLE/USDT at 0.06377 on the 4th of October. The trade has progressed well, reaching TP 3 (0.08002) and now almost touching TP 4 (0.08385). A trailing stop has been set at 0.06812 to protect gains as we aim for the final target.
Target Points:
TP 1: 0.06761
TP 2: 0.07381
TP 3: 0.08002 (hit)
TP 4: 0.08385 (almost reached)
Trailing Stop: 0.06812
Stop Loss (SL): 0.06067
This trade showcases the accuracy of the Risological Swing Trader in capturing profitable setups with precision—an essential tool for future market opportunities.
We’ll continue to monitor the trade closely as it nears the final target.
#PEOPLE On the Edge of a Breakout or Another Rejection Coming? Yello, Paradisers! Are you ready to see where #PEOPLE is headed next? We've been watching #PEOPLEUSDT one closely, and the tension is building:
💎#ConstitutionDAO is trading within a triangle pattern, successfully holding its support zone despite several attempts to break it. Now, all eyes are on #ConstitutionDAO as it attempts to break above the descending resistance, signaling a possible bullish breakout.
💎The key resistance level to watch is $0.080. If #PEOPLEUSDT can hold its ground here, we might witness a significant bullish rally, similar to previous upward trends. But there's a catch—if momentum fails to carry us past this level, we could see a drop.
💎In the event of a pullback, the lower major support area around $0.043-$0.048 could be our next line of defense, with a potential bullish rebound from that zone. However, this is a critical juncture, Paradisers. Staying vigilant is non-negotiable.
💎Pay close attention to the demand area around $0.033. A daily close below this zone could invalidate the bullish outlook, opening the door to further declines.
Stay focused, patient, and disciplined, Paradisers!!
MyCryptoParadise
iFeel the success🌴
PEOPLEUSDT Triangle Breakout.PEOPLEUSDT technical analysisi update
PEOPLE's price is breaking the triangle resistance line on the daily chart after a 100-day formation. Before a bullish move, we can expect a small retest before the price continues upward.
Target: 50%-100%
Stop loss: $0.060
Regards
Hexa
PEOPLE Looks BullishFrom where we placed the red arrow on the chart, it looks like a large bullish triangle has ended.
By maintaining the green range, it can move towards the targets.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ConstitutionDAO PEOPLE price at critical pointEverything is so “great” in the cryptocurrency market now that the OKX:PEOPLEUSDT pair ranks 15th in terms of trading volume among all cryptos)
🔼 But in the current situation, it is worth keeping an eye on the #PEOPLE price, if it manages to gain a foothold above $0.07, then a powerful blue wave of growth may be waiting for it.
🔽 On the other hand, the current pattern is very similar to the situation in 2022, and accordingly, the possibility of a strong red drop remains.
Therefore, it is better to watch but not buy yet. And make trading decisions after one of the possible scenarios is confirmed.
_____________________
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#People/USDT
#People
We have a downtrend pattern on a 2-day frame, the price is moving within it and adhering to its boundaries well
We have a support area in green at a price of 0.04200 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the price upwards and is expected to break it
Entry price 0.05630
First target 0.09388
Second target 0.1205
Third target 0.1454
Brace Yourself for a Critical Move in #PEOPLEUSDT! Yello,Paradisers! Are you ready for a potential game-changer with #PEOPLEUSDT? The market is approaching a key demand zone setting the stage for a possible bullish breakout.
💎Currently, #PEOPLE is adhering to a descending resistance pattern. However, it's now on the verge of breaking out, especially if it taps into the critical demand level of $0.06601.
💎Should the price maintain strong momentum here, we could see #PEOPLE breaking through the descending resistance and targeting the major supply area at $0.09966. A successful breach above this supply area could lead to a significant bullish move, pushing the price towards a strong resistance zone.
💎On the other hand, if #PEOPLEUSDT loses momentum and faces rejection at the supply area, we may see a bullish rebound from the lower strong support at $0.04499. However, falling below this level could signal a prolonged bearish trend.
In such a scenario it's crucial to remain vigilant and employ strategic trading tactics to navigate the market successfully. Stay sharp, Paradisers!
MyCryptoParadise
iFeel the success🌴
PEOPLEUSDT.1DIn the analysis of the PEOPLE/USDT daily chart, we're observing several crucial technical elements that shed light on potential future movements. The current price stands at $0.0860, which indicates a minor decline in the session.
Trend Analysis:
A descending trendline has been clearly illustrated, mapping out the resistance experienced from past peaks. This trendline suggests a primary bearish bias in the market. The current price action is beneath this trendline, signaling continued bearish control unless a breakout occurs.
Support and Resistance Levels:
R1 at $0.10218 and R2 at $0.12280 mark the primary and secondary resistance levels. A bullish momentum that pushes the price above R1 could suggest a shift in market sentiment, potentially testing R2.
S2 at $0.03872 represents a significant long-term support. If this level holds, it could serve as a strong base for price stabilization and potentially an upward reversal.
Relative Strength Index (RSI):
The RSI stands at 40.42, slightly below the neutral 50 mark, indicating a bearish momentum but not yet entering the oversold territory. This positioning suggests cautious bearish pressure without extreme sentiment.
Moving Average Convergence Divergence (MACD):
The MACD shows a minimal histogram above the signal line but is very close to crossing below it, which could suggest a strengthening of bearish momentum if confirmed in upcoming sessions.
Volume Analysis:
While volume isn't highlighted on this chart, understanding volume trends in conjunction with these price movements would be beneficial. Typically, decreasing volume during a downtrend might suggest waning selling pressure, possibly leading to a consolidation phase or a reversal if followed by increased buying volume.
Strategic Trading Advice:
Traders should monitor for any potential breakout above the descending trendline. A confirmed breakout, ideally with increased volume, could invalidate the current bearish scenario and lead to testing higher resistance levels. On the downside, watch the S2 support; a break below this could lead to further declines, therefore, maintaining strict stop-loss orders below S2 would be prudent to mitigate risks.
In conclusion, the PEOPLE/USDT pair shows a predominantly bearish outlook with potential for reversal should it breach key resistance levels with supporting volume. Traders should remain vigilant and adapt to the changing market dynamics by using these technical indicators as guides for their trading decisions.
PEOPLE/USDT: POTENTIAL DESCENDING BROADENING WEDGE!!Hey everyone!
If you enjoy this analysis, a thumbs up and follow would be greatly appreciated!
PEOPLE look good here. Breaks out from the descending broadening wedge-like structure and currently retesting it. Long some here and add more in the dip.
Entry range:- $0.075-$0.08
Targets:- $0.0865/$0.098/$0.11/$0.126
SL:- $0.07
Lev:- Use low leverage (2x-4x)
PEOPLE/USDT: Neutral Market Analysis and Educational InsightsMarket Overview
PEOPLE/USDT is exhibiting notable price action that provides an excellent opportunity for educational analysis. This post aims to share insights into the current market behavior of PEOPLE/USDT without suggesting any specific trading actions.
Thank you .
#PEOPLE/USDT Futures Trade Setup!If you're seeking a low-risk, high-reward setup, SEED_DONKEYDAN_MARKET_CAP:PEOPLE looks promising to me.
Entry Range
- Entry: $0.06180 to $0.06022
- Stop Loss (SL): $0.05977
Risk Reward:- 1:14 (Highly lucrative) but SL is a must!
Target Levels
- First Target: $0.06477
- Second Target: $0.06677
- Third Target: $0.06987
- Fourth Target: $0.07322
- Fifth Target: $0.07677
Remember to Do Your Own Research (DYOR) and note that this is Not Financial Advice (NFA). If you consider this trade, I repeat SL is a must.
#Crypto #peopleusdt
PEOPLE Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
PEOPLE has maintained the primary support level from $0.04237 to $0.05458. It is facing slight resistance at the 100 EMA at $0.06715. If the price is rejected from the CMP, it is likely to hit the lower support level at $0.033 (a 44% drop).
On the positive side, a bullish trend can be expected if #PEOPLE breaks above the 100 EMA resistance.
- Sweet spot to enter: $0.033 to $0.04237.
- Long-term Target: $0.093, $0.133, $0.164, $0.2.
- Invalidation Point: A breakdown and close below $0.033.
DYOR, NFA.
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#PEACE
PEOPLEUSDT.1DExamining the daily chart of PEOPLE/USDT, I can provide a detailed analysis that sheds light on its current market dynamics and potential trajectory.
Price Action: Currently, PEOPLE/USDT is trading at around $0.11306, indicating a slight decrease of 0.81% from the previous day. The price has been consolidating within a range defined by $0.09721 (S1) and $0.14487 (R1). This sideways movement suggests indecision in the market, where neither bulls nor bears have definitive control.
Support and Resistance Levels:
Support Levels (S1 and S2): The nearest support level at S1 ($0.09721) has been tested multiple times, suggesting it as a significant zone where buyers have previously shown interest. A further support level at S2 ($0.06583) represents a more substantial downside risk but hasn't been tested recently.
Resistance Levels (R1 and R2): The resistance at R1 ($0.14487) is the immediate hurdle. Overcoming this could pave the way towards testing R2 ($0.16556), which is closer to the recent highs.
Technical Indicators:
Moving Average Convergence Divergence (MACD): The MACD line is currently below the signal line and close to crossing above it, suggesting a potential increase in upward momentum if a bullish crossover occurs. However, the MACD histogram shows minimal activity, indicating low momentum currently.
Relative Strength Index (RSI): The RSI is at approximately 67, which is near the overbought territory but not quite there yet. This suggests some bullish momentum, although it is nearing levels where the asset could be considered overvalued in the short term.
Conclusion:
The technical analysis of PEOPLE/USDT indicates a cautiously optimistic outlook. With the price nearing the upper end of its recent range and potential bullish signals from the MACD, there might be an opportunity for upward movement if the market can sustain momentum and break through the R1 resistance level. However, the proximity of the RSI to overbought levels warrants caution, as it may limit the potential for significant further gains without a pullback or consolidation. Investors should consider setting stop-loss orders just below S1 to protect against potential declines while targeting R1 and possibly R2 if upward momentum continues. Additionally, monitoring volume and further MACD developments will be crucial to confirming any bullish trend.
PEOPLE/USDT Ready to Breach the Channel Downward | Key MomentYello, Paradisers! Have you been keeping an eye on #PEOPLEUSDT? If not, you might want to pay attention now. Let's analyze the PEOPLE Movement:
💎#PEOPLEUSDT has been navigating an ascending channel and is now retesting the channel's lower support. The volume is diminishing, and the broader market sentiment supports the likelihood of a correction. Here's what you need to know:
💎Support Test at $0.111: The asset is at a crucial support level of $0.111. The reaction here will be pivotal. If #PEOPLE breaks this support, it could head towards a lower demand level as highlighted in our chart.
💎Potential Breakdown: There's a high probability that SEED_DONKEYDAN_MARKET_CAP:PEOPLE will break through this support, propelled by diminishing volume and macro market trends. This move would confirm a downward trend within the ascending channel.
Alternative Scenarios:
💎If PEOPLE manages to stay above $0.111, it might retest the ascending channel's upper resistance. This resistance test could either push the price downward again or lead to a continuation of the upward trend if breached.
💎If PEOPLE keeps rising and breaks the ascending resistance, it would invalidate the current correction outlook and signal a potential bullish phase.
Stay vigilant, Paradisers! This is a crucial moment for PEOPLEUSDT. Your trading decisions at this point could significantly impact your profitability.
MyCryptoParadise
iFeel the success🌴
ConstitutionDAO PEOPLE price looks prety good#ConstitutionDAO SEED_DONKEYDAN_MARKET_CAP:PEOPLE - what kind of project it is, who is pumping it and why, we honestly didn't really get into it (maybe you can tell us in the comments) , but the chart looks interesting.
Two scenarios for future price movements:
1️⃣ personally, we would like to see the red scenario working out more, so that we can buy #PEOPLEUSDT at a lower price, because now it is frankly uncomfortable to buy.
2️⃣ But the blue scenario is also okay, though after the breakout and retest of $0.067
There are quite a few targets from above: $0.10, $0.12, $0.16, and if you're lucky with the ATH update, $0.28.
The coin is definitely worth taking “on pencil” and keeping an eye on it as long as they show that they are ready to push it further up.
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