UMA Jumps | 115% Potential Follows (Over 60% For Easy Target)Everyday we see different Altcoins recovering from their recently hit lows.
We are starting to see strong bullish breakouts daily now.
The next jump came from UMAUSDT.
Today alone we have a +30% candle as prices move above EMA50 on high volume.
Closing above $1.892 sends out a strong bullish signal.
Even a close below this level is still bullish.
With this type of action, we can expect additional growth to follow.
The easytarget is set at 62% from the current price, can happen short-term.
The main target is set at 115% and can also happen within a month or it can take a bit longer.
Namaste.
Tether
Dash Breaks Downtrend, Conquers MA200 (Additional 60% Possible!)Look at this one... What do we have here?
Dash vs Tether (DASHUSDT) is looking really good right now after it recovered from the recent November crash/low.
The first data point to look at on this chart is the downtrend from the August high.
This downtrend has been broken.
We also have a stop-loss hunt event which has been fully nullified.
There was a crash followed by a fast and strong recovery.
Finally, we see DASHUSDT growing above MA200, which is our long-term potential measuring indicator.
All these signals open the doors for additional growth.
25% Is the easy target.
60%+ Can end as the next high for this current move.
The charts can always change... We already know this.
Make sure to plan ahead.
I am wishing you much love, good luck, health, wealth and success... Always!
Namaste.
What is Tether and why I am staying far away from itNow Tether is not your usual crypto currency. It’s not something you buy low and sell high.
What you’ll notice is that the price oscillates around the 1.000 mark.
It’s not your usual crypto currency. It’s what’s known as a stable coin. So its main goal is to track the US dollar’s price 1:1
And tether is not a long-term investment that will grow your money by itself because it stays pegged to the U.S. dollar.
So, investors use this crypto coin to hedge against the US dollar .
Investors use this crypto coin to gain exposure to the US dollar but in crypto form. Tether also sometimes acts as a “bridge” between the fiat and crypto world – as in people often buy stable coins to then buy other cryptos
It’s for the investors who want to invest and diversify their money in a non-government measure and to control their own finances instead of putting the money in banks.
Sounds good and safe right?
The problem is that Tether (USDT) always denies an audit.
They have also been investigated by the NY Attorney General’s office for lying about their reserves.
Also there is major volatility and uncertainty with crypto exchanges since the FTX and Alameda debacle.
Binance (One of the largest Crypto currency exchange) even paused customer deposits of stable coins USD Coin and Tether on Thursday morning without explanation.
This is not safe as a hedge in my opinion. Hence, it’s another reason to stay away from even stable coins like Tether…
Tether Dominance Complete Breakdown | Crypto Will Safe The Day!There is still doubt as to wether Bitcoin will continue growing or not and thats understandable... The Feds, the bear market, the war, the FTX scam, etc. all weight in on peoples mind but the charts are starting to give a clear message.
We have once more the Tether Dominance (USDT.D) chart, which moves inverse to Bitcoin.
Today EMA50 continues to be challenged as support and we see a break below it for the first time since late October.
I mention EMA50 because it is used by us to guage a chart/pair/asset mid-term potential.
USDT.D is looking bearish based on all chart signals and candlestick patterns.
A strong bearish signal is the lower high this November compared to June.
Even while Bitcoin went to print a lower low, November vs June, Tether Dominance ended in a lower high, not matching its inverse relation and sending out a strong bearish signal.
It is possible that Bitcoin can detach from the stock market, it is possible.
It is possible that Bitcoin can grow while the entire world burns, it is possible.
Just think of March 2020 when Covid entered in full force.
Instead of Bitcoin going down it bottomed and then started to grow for more than a year really strong.
We can see something similar with cryptocurrency next year as the world markets burn.
The worst time ever in a lifetime can come and cryptocurrency stay around to safe the day.
This is just a possibility but it happened with Covid and it can surely happen again.
Namaste.
DFI.Money Going Above EMA50 Weekly Can Lead to 100%+ |Up To 227%If you've been following what I've been sharing today, I just mentioned the strong bullish signal that goes out when YFIUSDT (yearn.finance) closes above EMA10 on the weekly timeframe.
But here is something that is much better and goes beyond.
YFIIUSDT (DFI.Money) has gone not above EMA10 but above EMA50 weekly and the rest of the bullish signals that I mentioned earlier are also present on this chart.
- There is a higher low compared to May.
- Very high volume this week.
- A strong RSI...
- And in this case we also have some recent higher highs.
The weekly candle closes in a matter of hours for confirmation.
You can look at the chart for additional/trading information.
Namaste.
yearn.finance Strong Bullish Signal Within Hours... (Up to 270%)The weekly candle is about to close in less than 4 hours.
Looking at YFIUSDT, we can see it moving above EMA10 after a higher low with a bullish RSI.
These three points combined give out a very strong bullish signal.
It confirms in less than four hours if YFIUSDT closes above $7286.
We also have 2 weeks closing green, with this one a total of 3.
It is always good to have multiple sessions closing as confirmation.
This setup can lead to 80%, 150% or even up to 270% growth.
You can find the targets (resistance levels) and support (stop-loss) clearly marked on the chart.
Namaste.
Kadena | Same Pattern Repeats | Green Monday? See Inside!The same pattern we saw today with OmiseGO (OMGUSDT), Internet Computer (ICPUSDT) and Decentraland (MANAUSDT) is repeating on the Kadena (KDAUSDT) chart, but here we are a bit more advanced.
Let's dig in. (Boost, share, follow, comment, etc.)
Not only these three pairs I mention above but many of the small cap., or I should say medium cap., altcoins are showing this exact same pattern.
We see a lower low in November compared to June, sometimes May.
The lower low has less volume in November compared to June.
After the low is in we see a pick up in trading volume with the day closing green.
We have a bullish RSI and a cup pattern.
We also see all these pairs moving above EMA10 and some EMA21 but mostly all below EMA50.
Kadena has gone ahead and is now moving above EMA50.
EMA50 is the magenta line on the chart and opens the door for mid-term growth.
This is great news... Because what one Altcoin does, the rest tends to follow.
Let's hope we don't get a negative surprise tomorrow and everything turns the other way...
The charts are bullish though.
Not technically bullish but bullish potential developing; early bullish signals... Things can always change.
Make sure to do your own research and have a plan before you decide to trade.
Thank you for reading.
This is smart advice.
Namaste.
I wouldn't buy Tether with a Barge Pole here's whyI absolutely agree that Tether is yet another Penny crypto that should not be touched with a 10 foot pole.
Now Tether is not your usual crypto currency. It’s not something you buy low and sell high.
Take a look at the chart before I continue.
Tether is not one I would consider buying.
What you’ll notice is that the price oscillates around the 1.000 mark.
It’s not your usual crypto currency. It’s what’s known as a stable coin. So its main goal is to track the US dollar’s price 1:1
And tether is not a long-term investment that will grow your money by itself because it stays pegged to the U.S. dollar.
So, investors use this crypto coin to hedge against the US dollar.
Investors use this crypto coin to gain exposure to the US dollar but in crypto form. Tether also sometimes acts as a “bridge” between the fiat and crypto world – as in people often buy stable coins to then buy other cryptos
It’s for the investors who want to invest and diversify their money in a non-government measure and to control their own finances instead of putting the money in banks.
Sounds good and safe right?
The problem is that Tether (USDT) always denies an audit.
They have also been investigated by the NY Attorney General’s office for lying about their reserves.
Also there is major volatility and uncertainty with crypto exchanges since the FTX and Alameda debacle.
Binance (One of the largest Crypto currency exchange) even paused customer deposits of stable coins USD Coin and Tether on Thursday morning without explanation.
This is not safe as a hedge in my opinion. Hence, it’s another reason to stay away from even stable coins like Tether…
Internet Computer | Looks Weak But... (70-124% Potential Growth)The Internet Computer vs Tether USD (ICPUSDT) chart looks weak, I'll give you that, but out of weakness comes strength.
From small to big.
We are born babies, we become children and we grow.
No wait... A seed is tiny, completely sealed, it is so small.
You plant the seed, water it, nourish the soil and it grows.
It can turn into a huge tree, it becomes BIG yet it starts from something very small.
Ok nevermind that.
10-November we have a strong reversal candle.
21-Nov. we have a lower low compared to 9-Nov. and also compared to 13-June but the volume is so much lower.
You see lower support levels being hit while the bear volume continues to decrease.
This is a bottom signal.
The past 6 days ICP closed green.
Yes, the chart looks weak but 6 consecutive green days is always positive.
The charts can always change...
But ICPUSDT is likely to grow in the coming days.
Namaste.
Aragon Bull Confirmed Strong Breakout (170% Possible Short-Term)This looks good and works great for the entire Altcoins market.
Aragon (ANTUSDT).
This Altcoin pair hit a low in May 2022.
Ever since this low was hit we have an ascending channel; higher highs and higher lows.
Early November MA200 was conquered and the 8-10 Nov. marketwide crash didn't do much to this pair.
With MA200 conquered, long-term growth is now possible.
Today we have a very strong breakout and really high volume.
We also saw high volume 23-Aug., 15-June and 21-May (Whale accumulation).
What you see here is what we will see happening all across the board.
Sudden and strong bullish breakouts, ANTUSDT printed a candle today of 80%+.
There is potential for additional growth.
In fact, this is only the beginning... Don't believe me, just ask the chart.
Namaste.
OmiseGO Early Reversal Signals (Possible 55% Short-Term)On the 22-November, Omisego (OMGUSDT) hit its lowest price since May 2020.
Deleteing multiple years of growth.
Now, I understand why so many people are in a negative mood,
Why there is so much desbelief that the market will recover and grow.
Only experts/experienced traders can buy at the market bottom, the mass will always buy at the top.
What we are seeing now is hundreds of pairs hitting bottom, the best time to buy is when the market is red.
Buy and hold long-term and sell when the rocks and monkeys start selling for millions each.
Anyways, I understand if people don't believe me and can't see what I see...
People will buy only when there is hype on the street.
The bad news is that we have a bearish trend, new lows, bad news, etc.
We already know about all that.
But OMGUSDT is printing high green volume bars, 10- and 30-Nov., and even closed green the day the new low was hit.
And that's just how things go.
First we go down and then we move back up.
The next All-Time High will be higher than the previous one because the bottom is a long-term higher low.
Namaste.
Decentraland | Multiple Timeframes (Bottomed Out - Easy 46-90%)After a 94% correction from its All-Time High, we can say that Decentraland (MANAUSDT) already hit its bear market bottom?
Chart | MANAUSDT Weekly
Most likely, for some people maybe not but here is what the chart says will happen next.
Looking at the daily timeframe, we can see that MANA's multi year low was hit 22-November.
The day before bear volume was strong and right after the 21st it started to decrease.
A bounce can easily happen to the counter trend-line and even higher to reach MA200 at 0.7816 but wait... There is more.
The bear market from ATH to the 22-Nov-2022 low took exactly 364 days.
This might be a short bear market for some but we know from past history that Altcoins tend to correct from 90 to 98%.
Here we have once more a nice setup, low risk and high potential for rewards.
The stop-loss can be set below the 22-Nov. low, while for the targets we aim, All The Way Up!
Namaste.
VeChain by Request (Easy Target 27% & More | 80%+)Here we have VeChain (VETUSDT) but this time a closer look compared to the previous analysis.
We have early signals of recovery as most of the cryptocurrency market is showing.
We have the 3 drops pattern or Inverse Head & Shoulders as well as a lower volume lower low, which all indicates the bears losing strength.
As the bears lose strength the bulls can enter the game.
The easy target is set around 25-28% in a range between the 0.618 Fib. and MA200.
Between 0.02400 - 0.02500.
Higher targets are possible depending how this upcoming bullish move develops.
I see 80%+ around 0.3531 reachable as well.
I hope that helps and thank you for your support, it is appreciated.
Namaste.
Filecoin vs Tether Hits New Low, What Now? (86% to 245% Rebound)FILUSDT (Filecoin) moved below support hitting a potential stop-loss hunt zone... After the break below support comes a strong rebound, bear volume on the drop is very low.
This tells us that a recovery is of high probability.
As you can see on the chart, the trading volume that's more prevalent is green.
The first potential target is a higher high compared to November but still a lower high compared August, and that for 86%.
The charts can always change so do your own research/build a plan before you decide to trade.
If the bulls decide to come in with full force, then a higher high, not as probable but still possible, can take FILUSDT as high as the 1.618 Fib. for 245%+.
The stop-loss and more information is mapped on the chart.
All the fib. levels as well, which can be used as targets.
Namaste.
Chiliz Regains Support (180%+ Growth Potential)Look what I found here, another nice looking chart.
Chiliz (CHZUSDT) managed to break above MA200 in August this year, it has been trading above this level since.
In mid-October, it moved down to test this level as support and it holds.
This level is tested again multiple times until yesterday... MA200 is the black line on the chart.
Today, we see CHZUSDT moving back above this level which also coincides with the 0.618 Fib. retracement support.
These two combined makes this a most meaningful level.
Trading above it is highly favorable for the bulls.
So, any trading above 0.1675 and the bias for CHZUSDT favors the bulls.
Below this level, we can see more correction before any additional growth.
Since CHZUSDT has been ranging above this level since August and is now moving back up, we can early say that the bulls win and are getting ready to push this altcoin pair up.
Namaste.
Tether Dominance Aims Down At 7.12% (10% Drop)Yesterday Tether Dominance (USDT.D) closed below EMA10 and today we have a full bearish candle.
The drop is about to speed up.
We see EMA50 as the next support line at 7.94%, but looking back this line is always pierced and MA200 has been the main support.
MA200 is sitting at 7.12%, this is where we think stands the first/main support.
As Tether Dominance goes down, Bitcoin goes up.
We can see at least 1 week bearish, 7 days, to start...
As this move develop, we can gain more data and figure out for how much longer this correction will go.
Namaste.
Ren vs Tether | Bullish Breakout Confirmed Through VolumeWe have a lower low on RENUSDT which is also good since the stop-losses have been activated.
The market has the liquid it needs to grow.
Todays trading volume is the highest since September 2021, more than a year ago.
It is also the second highest volume day on the history of this chart, RENUSDT on KuCoin.
This is normally a real move but still early as the daily candle hasn't close.
The 22-Nov. candle sends out a reversal signal and today we get confirmation as prices move above EMA10 on high volume.
A close above EMA10, $0.0788, fully confirms a bullish breakout.
What these signals are telling us is that there is room for additional growth.
Will we have a bullish wave across the cryptocurrency markets in December?
It is looking like it.
Many trading pairs are starting to wake up.
You too... Wake Up!
Time to make some money, we've seen red long enough.
Namaste.
Tether Dominance Mixed Signals + Bearish PotentialI will now read the Tether Dominance (USDT.D) chart for you but let's keep in mind that this one is tricky, it fooled us several times in the past.
We have some mixed signals.
We have a lower high (Nov. vs June) based on candle wick and a higher higher based on candle close.
We have the same pattern forming now as it happened back in June.
A correction pattern.
USDT.D is likely to move lower to test MA200, the black line on the chart.
We see here only a short-term correction.
If this goes down Bitcoin goes up.
But as it finds support, Bitcoin finds resistance and things turn.
I am mentioning this to keep in mind that any Bitcoin rally should be considered a relief rally so stay on the lookout, not to get complacent in a matter of days.
USDT.D daily below EMA10 signals bearish potential but this is a weak signal at this point.
Lower highs is also bearish yet these signals lack strength.
It is a bit mixed because we have a bullish trend maybe entering a correction in a matter of days.
We are reading bearish signals on a bullish trend.
We specialize in looking for reversals/trend change; that's why.
Namaste.
Dogecoin After Correction...If I tell you what I went through with Dogecoin (DOGEUSDT) I don't know if you would laugh or cry... I did both.
I'll make a long story short.
I sold too early on a strong leveraged position and missed on massive profits...
But hopefully my readers/followers took advatange of the full wave, as I shared this one about 30 times before the strong breakout took place.
Let's see what the chart is saying today.
Dogecoin (DOGEUSDT) Daily Timeframe
After the strong move late Oct./early Nov., we have a correction which is 100% normal.
Seeing this correction stop at MA200, also coinciding with the August high price range is good news.
We can see prices bouncing off the 0.786 Fib. retracement support.
From now on, Dogecoin has the potential to resume its growth.
Compressed
- Strongly bullish above MA200 and 0.786 Fib. retracement.
- Consolidation below this level yet still bullish long/mid-term.
- Bearish below $0.055, mid-October low.
I hope you find this analysis useful.
I appreciate you.
Thanks a lot for your continued support.
Namaste.
USDT Tether is acting as depegged from USD from around 2 weIt seems interesting how USDT is acting more like traditional crypto asset now, than stablecoin.
You can clearly see trends, volume profile and price targets.
We don't want to be right about this, but if USDT is depegged from USD, that means that huge crypto crash is coming
#MONEYFLOW - Things couldn't be looking much more bearish for Cr#MONEYFLOW - Things couldn't be looking much more bearish for Crypto
Looking at the over all money flow in the crypto space could not really look any more bearish rn.
USDT Dominance - Up, money coming out of ALTs and BTC, possibly new money coming in ready to buy dips.
BTC Dominance - Rising, this is likely the hodl'ers remaining in BTC whilst all the agile traders are moving out into USDT
Total Alt Cap broken support - very bearish, not as many hodl's in the ALT market so this will be affected quicker than BTC
DXY has bounced well off the 200 daily moving average with a possible retest of 111-112 region, this is bearish for risk assets like BTC
BTC Price is falling along with the dominance rising - this is usually a direct signal money is flying out of the space BTC and Alt space
Gold is falling that is showing the real strength of the DXY atm.
Tether - The ominous precedent and another scapegoat?The recent market volatility and unprecedented movements in the cryptocurrency market brought along the critical question of stablecoin safety. Just within a matter of a few days, the whole cryptocurrency market was shaken up by the downfall of a stablecoin named Luna, which lost 99% of its value; this sets the ominous precedent for what might occur in the Tether (owned by Bitfinex).
Already back in July 2021, Jannet Yellen, the U.S. treasury secretary, summoned Jerome Powell and the head of the Securities and Exchange Commission to discuss Tether and the danger it poses. Then in October 2021, the Commodity Futures Trading Commission (CFTC) filed and settled legal cases against iFinex Inc., BFXNA Inc., and BFXWW Inc.
The actual text (only excerpts) from the CFTC website
1st excerpt
“The Tether order finds that since its launch in 2014, Tether has represented that the tether token is a stablecoin with its value pegged to fiat currency and 100% backed by corresponding fiat assets, including U.S. dollars and euros. However, the Tether order finds that from at least June 1, 2016 to February 25, 2019, Tether misrepresented to customers and the market that Tether maintained sufficient U.S. dollar reserves to back every USDT in circulation with the “equivalent amount of corresponding fiat currency” held by Tether and “safely deposited” in Tether’s bank accounts. “
2nd excerpt
In fact Tether reserves were not “fully-backed” the majority of the time. The order further finds that Tether failed to disclose that it included unsecured receivables and non-fiat assets in its reserves, and that Tether falsely represented that it would undergo routine, professional audits to demonstrate that it maintained “100% reserves at all times” even though Tether reserves were not audited.
3rd excerpt
“Tether held sufficient fiat reserves in its accounts to back USDT tether tokens in circulation for only 27.6% of the days in a 26-month sample time period from 2016 through 2018. “
Illustration 1.01
The recent disconnect in the peg between the USD and Tether is shown above. It can be observed that the panic lasted only little bit over two hours. However, slope of the decline is reminiscent of one in Luna.
Illustration 1.02
The weekly chart of the crypto total market cap shows a substantial decline since the beginning of the downtrend in November 2021. The orange line shows BTCUSD, a positive correlation between market-cap and BTCUSD. Bitcoin has the highest dominance in the cryptocurrency market; therefore, it has the most significant impact on the crypto total market cap's movement. A strong positive correlation can also be observed between Bitcoin and the tech industry; the light blue line in the lower graph shows Nasdaq 100 CFD.
Illustration 1.03
The picture above shows the massive drop in Luna stablecoin.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This idea is not intended to encourage any buying or selling of any particular securities; it is merely an opinion. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.