SPHERE Finance - Looking for a 484% increase in 12monthsI think this is a good project long term and now looks like a safe time to make a speculative purchase.
Blue line is my forecast for the next 12 months.
Yellow line is my predicted following move.
All of this is just an idea, not financial advice.
Share your thoughts on this idea and the Sphere project as a whole below, interesting in your opinions.
Sphere
ANY 5.7 Exahash of computing powerSphere 3D Corp. (ANY) has a delal with NuMiner to buy 60,000 bitcoin mining machines for a total of 5.7 Exahash of computing power.
I know the issue, the pictures from NuMiner were not their own, but what is they indeed deliver the performance?
MARA Marathon Digital on the other hand is on-track to deploying 103,120 miners which will provide a combined output of 10.37 ExaHash, resulting in an estimated 50-60 BTC per day.
I see an easy upside for ANY to reach $5.75.
Looking forward to read your opinion about it.
COIN : STUCKCOIN is still stuck in the downward channel that it's been in for awhile now
(atleast, from this perspective).
It shifted upwards a bit yesterday, and is currently lodged underneath the 0.50 fib.
The 0.50 fib appears to be COIN's heaviest resistance within the channel
(and although COIN did break through the 0.50 fib temporarily twice before,
it was rejected at the 0.618 fib just above).
The 0.50 fib also hasn't offered much in terms of support when retested...
it appears that most of the support is coming from the 0.382 and 0.236 fib levels.
As with everyone else (I suppose) who might be considering COIN,
I'm still keeping an eye out for some significant upward price action,
or atleast something that resembles a price base.
I discovered a fascinating horizontal at $291.11,
but I'd obviously still need more before confirming anything.
Who knows, it could be weeks before it stops dropping...
or one day soon it could just start rolling uphill,
while I'm still looking for a bottom, never to come back.
No matter... for now, I'm still learning and having fun charting COIN.
And my outlook on COIN is still long long-term.
Enjoy!
// Durbtrade
Sphere (SPHR) vs Bitcoin (BTC) | 260%+ Target MappedLet's take a look at one signal on the SPHRBTC (Sphere) trading pair chart... We are going to focus on MA200.
Looking at the chart above, we can see MA200 going below SPHRBTC on low volume, while prices move above EMA10.
EMA10 also had a bullish cross with MA200.
After seeing this signal, where a major resistance level has been conquered, we know that SPHRBTC is now open for a strong bullish move.
If prices remain trading above MA200 (0.00000774), this possibility of a strong move taking form stays open and can happen at any given time.
But if prices move below EMA10 and then MA200, the above signals become invalid and we switch our view from bullish to bearish... We know what to do, at all times, if the chart changes and prices drop.
On the way up, our target is set at EMA300... We are likely to see this move develop within 1-3 weeks.
This is not financial advice.
Thanks a lot for reading.
Namaste.
BTCUSD | 36D | SPHERE & FIBO SPIRAL SETUPCertainly spheres are powerful tools. Mixing a sphere with a fib spiral in the set is also very interesting to watch. Near mid top then normal correction. A retracement is imminent IMO starting now till June 30th. May be short term will see how far it will go. enjoy!
retracement levels:
Cheers,
Keops
SPHERE (SPHR) - Setting Up For Impulsive BreakoutThis coin appears to have shit fundamentals (check it's website), however the TA looks pretty fucking sweet, imo.
Note the long blue trend line going back to June/July, which if it breaks above, could get very implusive, as you can see from prior such moves. If a daily candle opens above this line that may well be a very bullish indicator.
While its possible the price reverses and falls down into the red channel, I anticipate it having a breakout. Check out the chart on many time frames. Monthly SRSI is just starting to cross upward. MACD on the weekly is just crossing upward, and momentum on the histogram is just at the midline. 3-Day MACD is just hitting the midline of the histogram as well. Daily and 6-hour look positive.
Based on where previous highs have met resistance, I'd look for targets at around 85000, 130000, and 20000 - 25000 zone. If all hell breaks loose it could go up to its previous ATH at 450000. If you look back at the run-up in early July, you can see that it spiked by 500% in just 3 days. Price moves seem really impulsive on this coin. They also fall just as fast, so have your sell orders in, if you get into this trade.
Lastly, do some due diligence on this coin first. It is supposedly going to be swapped at some point for a new ERC20 token. The dev team has gone pretty quiet and there's a lot of justification to be skeptical on this coin. Caveat Emptor. That said I still like the picture the chart is painting.
Feedback and criticism welcome. I don't claim to be a pro and am posting this to get feedback and corroboration from other traders.