Perp/Usdt Analysis PERP/USDT
Timeframe: Daily
Today, PERP/USDT experienced a remarkable surge, exceeding 80% in gains. However, it is my professional opinion that this upward momentum may be waning. I anticipate that PERP will encounter significant resistance at its current price level, prompting a substantial number of short-term buyers to exit their positions. Consequently, we should anticipate a potential correction in the range of 40-60% from its current level.
I must emphasize that this analysis serves as a conceptual idea and is not a definitive recommendation for action. It is crucial for traders to conduct their independent research and analysis before making any trading decisions. Wishing you success in your trading endeavors.
If you appreciate our insights, your support is greatly appreciated.
Best regards,
Perp
$perp near to range breakoutWhat is range trading?
Range trading is an active investing strategy that identifies a range at which the investor buys and sells at over a short period. For example, a stock is trading at $35 and you believe it is going to rise to $40, then trade in a range between $35 and $40 over the next several weeks. You might attempt to range trade it by purchasing the stock at $35, then selling if it rises to $40. You’d repeat this process until you think the stock will no longer trade in this range.
PERP / PERPUSDTGood Luck
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
📈 PERP/USDT Descending Triangle Breakout 🚀Hey traders! 👋
PERP/USDT just made an exciting move that caught our attention. 🚀📉
Chart Analysis:
We've been tracking PERP/USDT for a while, and it's been forming a descending triangle pattern. This pattern typically signals a potential breakout on the horizon. 📉📈
Today, we witnessed the anticipated breakout to the upside! 🚀🚀 This bullish move is certainly exciting news for PERP traders.
Key Points:
🔹 PERP/USDT broke above the upper trendline of the descending triangle.
🔹 Volume surged during the breakout, confirming the move's strength.
🔹 The next resistance levels to watch are at $12 and $14.
Trading Strategy:
While this breakout is promising, it's essential to exercise caution. Always have a clear risk management strategy in place.
Consider setting stop-loss orders to protect your positions and locking in profits as the price continues to rise. 🛡️💰
Remember, trading involves risks, so trade responsibly and only with what you can afford to lose.
🚨 Keep an eye on PERP/USDT as it continues its journey. The crypto market is full of surprises, and this breakout could lead to exciting opportunities. 🌟
Happy trading, and may the charts be in your favor! 📊🤞
#PERP #USDT #CryptoTrading #TechnicalAnalysis #Breakout #DescendingTriangle #CryptoMarket #TradingView #CryptoAlert
PERP/BTC - Perpetual Protocol: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the $PERP / CRYPTOCAP:BTC chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 0.00001697 | 0.00001749 | 0.00001857, while substantial support zones are identifiable at 0.00001589 | 0.00001533 | 0.00001425. It is highly recommended to seize this opportunity by entering a trade within the present price range of 0.00001771 and setting sights on higher levels of profitability.
◰◲ General info :
▣ Name: Perpetual Protocol
▣ Rank: 421
▣ Exchanges: Binance, Kucoin, Hitbtc
▣ Category/Sector: Financial - Derivatives
▣ Overview: Perpetual protocol is a decentralized protocol to trade perpetual contracts for every asset powered by a Virtual Automated Market Maker (vAMM). The project aims to create novel financial instruments by democratizing Futures and other crypto-asset derivatives.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001771 ₿
▣ 24HVol: 2.649 ₿
▣ 24H Chng: 2.134%
▣ 7-Days Chng: 5.89%
▣ 1-Month Chng: 0.25%
▣ 3-Months Chng: -11.62%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001697 | 0.00001749 | 0.00001857
◢ Support: 0.00001589 | 0.00001533 | 0.00001425
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.55
▣ Last 90D: -0.98
▣ Last 1-Y: -0.20
▣ Last 3-Y: 0.50
◲◰ Volatility :
▣ Last 30D: 0.50
▣ Last 90D: 0.77
▣ Last 1-Y: 1.10
▣ Last 3-Y: 1.47
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.56 - Bullish
▣ Reddit sentiment score is 0.39 - Bearish
▣ In-depth PERPBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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PERP will shock and amaze this run guysWell guys and gals... I am here to PERP you up!... Wait that didn't sound right... How about lets just say this Perp is fixing to Pump!... Wait, Hold on... well you get the idea... sigh... Almost a year of Long tight accumulation after a massive bullish harmonic... Lets do the math together!
$PERPUSDT- Buying at .226, Bounce Up, then final bottom at .068?Two scenarios here.. but first!
First we touch the fibonacci extension down at .226
From there, I anticipate a bounce up to either the 38%, 50%, or 68% retrace levels of the inverse fib.
From there:
Scenario A: If the 88% level is broken, I think it's safe to say the bottom is in and PERP is now officially back in bullish territory.
Scenario B: If the 88% level is not broken & the price retraces, I think it falls to .068, and THEN at that point, the bearish pattern is broken. Unless another fibonacci sequence materializes somewhere in there.
I personally am leaning towards Scenario B, but I plan to buy the bounce at .226 regardless.
ALTPERP what would you say, huh?Last several months were brutal already, making us a bit sceptic about further lows as how long can this go ?!
But also a big chunk of the market is really focused on catching really low prices, accepting the way we are going. That would be too easy. Here we landed on great support and we are close to the top of the descending channel. It looks like a breakout to the upside could be possible, having in mind RSI got totally oversold - and we could have a small run up to retest a strong resistance, before retesting the bottom of the bear market.
Stay safe.
Derivatives, Synthetics, FOREX...Next Big Opportunity?For the next bull market cycle, I believe the derivatives sector, synthetic assets, equities, commodities and FOREX can provide an above-average exponential gain.
That's because the blockchain and cryptocurrency market tends to swallow the traditional market (I didn't say that... it was a trader with 30 years of experience who abandoned the traditional market).
In this comparison, I put some of the projects that I consider to have upside potential, after listening to some analysts and also from my own experience.
I also put on the chart the price of BTC and ETH for benchmark.
Projects and tokens:
Synthetix (SNX) (via Optimism or Ethereum)
GMX (GMX) (via Arbitrum or Avalanche)
Gains Network (GNS) (via Polygon)
dYdX (DYDX) (via Etherem)
Mango Markets (MNGO) (via Solana)
Perpetual Protocol (PERP) (via Optimism or Ethereum)
Deri Protocol (DERI) (via BSC or Arbitrum)
PERP, a good buy or long opportunityThe upward momentum at the 1d and 4h levels of PERP remains good.
Its price is closing in on the weekly pressure of 1.6+.
From the perspective of price form, it has completed a breakthrough and stepped back, and the target is equidistant space.
Here you can do the operation of taking advantage of the trend to buy and do more, and the stop loss is placed below the 4h support.
good luck!
Perpetual Protocol (PERP) formed Gartley for upto 16% pumpHi dear friends, hope you are well and welcome to the new trade setup of Perpetual Protocol (PERP) with US Dollar pair.
Previously we had a nice trade of PERP with BTC pair.
Now on a 4-hour time frame, 1INCH has fored a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade