Token
Paris Saint Germain PSG Fan TokenParis Saint Germain PSG Fan Token analysis PSG USDT has reached a strong weekly demand level around 23.85 price level. This is a great opportunity to buy PSG fan tokens for those of you who trade cryptocurrencies and fan tokens.
Fan tokens are a type of cryptocurrency that allow holders to vote on mostly minor decisions related to their clubs. Among clubs to launch tokens this year are English Premier League champions Manchester City and Italy’s AC Milan. Messi’s former club Barcelona launched one last year. PSG token is just one of the many fan crypto tokens available as of October 2021.
Jump to BTC rapid train at ~49500! Nfa!New Fibonacci levels after the last dip (~40K) and last high (~58K) in daily graphic signals retracement to ~49500. Fractal patterns in the last months also suggest that BTC loves to come below to previous swing ATH before travelling to new ATH's. Upcoming months with probable good news such as ETF's may take BTC to unknown ATH's and hence this may be the last stop to jump to the train at a reasonable price. This is not a financial advice, please decide on your own!
Expectations for the SHIB intraday setupLooking at the hourly SHIB chart (pic below),
I see that at least two drawings are forming here, after which a large upward movement can be expected if the current chart is a symmetric triangle.
In the second case, I will expect a descending triangle (pic below) to develop, which will involve a little more time and sideways movement. I'm still researching which triangle it will be, so I'm considering both possibilities.
SHIB updateNot a financial advisor.
We have been witnessing a great run so far, I personally see this continuing up more yet. Still want to see us get to that .0009 range from the Coinbase listing.
We have hit .000025 and have been pulling back. In my opinion we will be seeing .00003 next with a bit more room to the upside if we do some retracements along the way.
30 minute chart looks good in my opinion. Still needs a bit of time before we run again. But all in all, this should be further uptrend from here.
indicators look like they all had some breathing room, eager to see this next pop.
Are we thinking Robinhood is listing? I like the looks of their chart, something could be up thats for sure.
Either way, very happy to be here. And very early to this project as well.
Chime in with your thoughts, always appreciate feedback and chatting with other traders.
Technical analysis update: BTCUSD (4th October 2021)Price action of BTCUSD over the weekend was mostly sideways expect for shortlived spike on a Sunday. Breakout above resistance (that lies slightly below 49 000 USD) occured within less than ten minutes and resulted in high of 49 225.55 USD. Then price retraced back to its previous level. We are currently neutral on BTCUSD while we see interesting setup forming. We think if price manages to hold above horizontal line (between green and red text) depicted on main graph then it is very bullish for BTCUSD and price is likely to rise further towards resistance near 53 000 USD. However, if this price level fails to support price then breakdown will follow and price will retest 40 000 USD. We think investors should be cautious and prepare for more volatility in BTCUSD in the coming days.
Below is depiction of breakout above resistance that lies slightly below 49 000 USD.
Below is depiction of price retracement after breakout.
We would like to note that recent jump in price on 1st October 2021 happened as response to Jay Powell's answer on question whether FED plans to ban cryptocurrencies similarly like China did (which FED does not want to do according to Jay Powell). This was abruptly followed with reversal of bearish trend in technicals. We normally disregard news as noise but Jay Powell's remarks did have impact on technicals which reversed from bearish to bullish very quickly thereafter. Thus we have two alternative scenarios for BTCUSD:
1. This recent jump in price followed with breakout above resistance + joined with reversal in technicals (from bearish to bullish) is beginning of a new uptrend.
or
2. Recent reversal is just a bull trap which will be followed by mentioned breakdown in price.
Technical analysis
MACD is bullish on daily timeframe. We will observe it closely this week and we will look for crossover into bullish zone which would further bolster bullish case for BTCUSD. Stochastic and RSI are also bullish on daily timeframe. ADX keeps declining which suggest that trend is weakening and thus becoming neutral. Overall technicals are bullish at the moment.
BTC1! (Bitcoin continuous futures)
Price retraced back into the gap zone observable in futures market. This zone represents another form of setup. Signal comes once breakout above or below this area occurs.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
QTUM Token going through the resistance zone
Information:
This is a cryptocurrency that uses poof of stake consensus, and combines Ethereum´s smart contract with the security of Bitcoin´s unspent transaction output model (UTXO) with a goal of becoming the crypto coin for business focused dApps, meaning that with a higher security between transactions has Qtum the vision to develop dApps at a higher scale.
Signals:
Position: Long
Entry price: 13,772
Target price1: 17,306
Target price 2: 20,474
% gain: P1 = 30% P2: 48%
Indicators:
MACD: The MACD indicator indicates that an upwards trend is starting and that there is bullish movement where the MACD line has passed the signal line and the histogram is opening.
RSI: The RSI line is above 30 at 60,20 but below 70 which indicates that the token is moving forward at a high pace and there might be signs of the token being overbought.
DMI: The ADX line is at 23.57 meaning that we have a trending market in that we have an ADX above 20 but the ADX has not yet to hit 25 in which it would indicate on being a strong trending market. However does the +DI indicate on continuation in this bullish trend.
Fear and Greed: This indicator would indicate that the market has come out from a period of extreme values of fear where the index has stabilized back to its neutral levels at around 47.
Analysis:
The analysis indicated on bullish signals and a trending market and the general positive outlook with more positive mentions in social media showing that a long period is preferred, but only for a short timeframe because of the Fear and Greed Index indicating on somewhat greedy investors and a price correction after the RSI showing stronger signal of the token being overbought.
Not a financial advice
long position < we are hold it for 6 - 12 monthPlatON, initiated and driven by the LatticeX Foundation, is a next-generation Internet infrastructure protocol based on the fundamental properties of blockchain and supported by the privacy-preserving computation network. “Computing interoperability” is its core feature. By building a computing system assembled by Verifiable Computation, Secure Multi-Party Computation, Zero-Knowledge Proof, Homomorphic Encryption and other cryptographic algorithms and blockchain technology, PlatON provides a public infrastructure in open source architecture for global artificial intelligence, distributed application developers, data providers and various organizations, communities and individuals with computing needs.