Do you believe in DAO? People is here, prove it!Hello guys,
One of the cryptocurrencies that has been largely overlooked and has a great chart is this one.
I've set a very wide stop-loss to ensure protection against the tricks of liquidity providers.
However, we can still expect a risk-to-reward ratio of 5 from this trade.
If you're more risk-tolerant, you can place your stop at 0.04120 and aim for a risk-to-reward ratio of 6.
Of course, all these take-profits (TPs) are planned before the bull run storms.
During the bull run, the best strategy is to trail your stop-loss in profit. 🚀
PEOPLEUSD
PEOPLEUSDT: Strong Momentum on 4H Chart, Targets in SightPEOPLE USDT Analysis:
The PEOPLE (PEOPLEUSDT) chart on the 4-hour timeframe is showing significant bullish momentum, with TP1 already achieved. The trade setup aligns perfectly with strong technical signals and market sentiment, pointing towards a continuation toward higher targets.
Indicator Used: Risological Trading Indicator
Trade Overview:
Entry: $0.06340
Stop Loss (SL): $0.05894
Key Targets:
TP1: $0.06891 ✅
TP2: $0.07783
TP3: $0.08674
TP4: $0.09225
Key Observations:
Rising Trendline Support: The price is respecting a well-defined upward trendline, indicating strong buyer control in the market.
Market Sentiment: A surge in trading volume and a steady stream of bullish candles confirm that PEOPLE is riding a wave of positive sentiment, increasing the likelihood of hitting the higher targets.
Momentum Indicators: Technical indicators show a solid continuation signal, with the price maintaining strength above the entry point.
PEOPLE Coin Outlook:
As PEOPLE moves upward, traders should keep a close watch on TP2 and TP3, as they align with minor resistance levels. The risk-to-reward ratio remains favorable, and if the market sentiment sustains, TP4 could be a realistic target in the near term.
Conclusion:
This long trade setup offers a compelling opportunity for traders looking to ride the current bullish wave in PEOPLE. With TP1 already achieved, the remaining targets present a lucrative potential as momentum builds. Stay vigilant and manage risk effectively!
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
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
#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 USDT 2680% Profit in 10x Leverage TradeAfter gaining 27% profit in a SHORT trade, PEOPLE USDT 10x leverage pair is currently in an open P&L position of 2680% and not looking like it is over yet.
I am going to hold it till I get a reversal confirmation from the Risological Indicator. What a massive trade.
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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#PEOPLE/USDT
#PEOPLE
We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly.
We have a support area at the lower border of the channel at $0.0200 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 0.02550
The first target is 0.03750
The second goal is 0.04560
The third goal is 0.05600
PEOPLE update (1D)This is an update to the analysis you see in the "Related Ideas" section.
Before anything else, you should know that in the previous analysis, we warned that the momentum pump is high and we need confirmation to take a sell/short position. No bearish confirmation was issued and the new daily candle closed above our invalidation level
The previous analysis was violated.
Now, by checking the structure, it seems that we are in the first part of the big C wave.
The first part seems to be a diametric.
From the red range it can have a reversal down to complete the F wave
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
PEOPLE ANALYSIS (12H)Warning: Pump momentum is high, get confirmation for sell/short positions.
From where we inserted "START" on the chart, it looks like a big triangle.
We now seem to be at the end of wave E of this triangle. Wave E looks like a diametric, we are now in wave g of this diametric.
We are looking for sell/short positions on the red range.
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
PEOPLE - BUY SETUP (DEC 2023)PEOPLE - BUY SETUP (DEC 2023)
Based on technical analysis, the current setup of this coin appears to offer a favorable buying opportunity. Price action and key indicators signal promising trends, suggesting a potential advantageous entry point. However, prudent consideration of market volatility and risk management is essential before making any investment decisions in the cryptocurrency market.
PEOPLE is ready for a 1333% profit. Buy nowPEOPLE is incredibly bullish at this moment. We can see that this is the strongest weekly candle in the history of this coin. Is this a bullish or bearish sign? Of course, bullish! We have a falling wedge pattern, and as per classic technical analysis, the target of the falling wedge is the top of the wedge, which is the previous all-time high. What about the volume indicator? Volume is the strongest in history and also a very bullish sign. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Constitution DAO (PEOPLE) was another instance of an internet-based grassroots movement taking on establishment symbols with the help of cryptocurrencies. Similar to what happened with GameStop, Constitution DAO channeled the virtual power of the masses to only narrowly miss out on making real-world history.
The DAO published its first tweet on November 12, only six days before the Sotheby’s auction on November 18. The copy of the Constitution was the last remaining privately-owned copy, and the first time a copy of the Constitution went on sale in 33 years. Within hours, the DAO’s Discord server grew several thousand people strong and eventually reached 20,000 members within a little over a week.
Relying on a mix of Nicolas Cage memes, inspired by a movie in which Cage is trying to steal the Constitution, and the crypto-specific (x,x) meme first popularized by Olympus (OHM), the attempt quickly went viral on Crypto Twitter. The DAO used Juicebox to receive donations in Ether and collected a sum north of $47 million, which would have easily been enough to win the auction, had it not been for the auction house fees and storage costs for the document that were not accounted for by the DAO. Ironically, Ken Griffin, a declared opponent of Bitcoin, won the auction.
In the aftermath of this saga, Constitution DAO announced it would dissolve as it had planned in case of failure from the very beginning. It cited technical and administrative requirements as reasons for doing so, and donations can be reclaimed for an indefinite period of time via the project’s website. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!