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The Opportunity of 2022! $SYS SYSCOIN This is just a price action analysis but you will be more surprised if you dig deeper into the fundamentals of SYSCOIN. (Check out SYSCOIN on twitter to stay updated on their growth) Chart analysis - While SYS did take a hit during the last bit of the BTC dump, there was heavy relative strength for months. Take a look at the period between Oct 21 - Jan22 and compare that with BTC; it wont take long to realise the relative strength of SYS. Such as the ones that become market leaders when the overall market turns positives. SYS/BTC, SYS/USDT have some key levels to break on the chart; For ex SYS/USDT has key resistance between 0.64 - 0.70 which is a key level for the buyers to reclaim. There is a clear wedge on the 3D chart of SYS.USDT which I have posted before; We had a confirmed breakout on record 3D volumes! While more work needs to be done, the chart is clear. Massive opportunity lies if SYS/BTC can breach through $0.000027. (Alot more partnerships and news on the way).
Long
by DrChart69
$SYS - SYSCOIN approaches key resistance$SYS has had it all from a shakeout of buyers shown through the blue circled area to a strong breakout on heavy 3D volume, a retest and then a final pickup to retest resistance again. Key levels to breakout have been highlighted through the red zones but for starters, buyers should focus on breaching through 0.70 which as of now is the most important level. The 30MA has been a key filter for SYS as shown by how well it has acted as support and resistance through the past 4 -5 months. After an extended decline we have finally seen the 30MA start to flatten out and support a move higher on SYS. Breaking through 0.70 would mostly likely bring in the momentum for SYS to test $0.90 before we see another base start forming. Generally a conservative price target is the pattern high at around $1.33. A further look into SYS/BTC monthly timeframe would give a more broader view into the potential $SYS has in order to move towards $2 - $3 over the short term.
Long
by DrChart69
Why is Decentraland the Metaverse of Choice for Businesses?The metaverse market as a whole has been down for the last 3 months as we plod through this crypto "winter" - though it's worth noting that Decentraland is slowly closing the gap to Sandbox after its surge last year. But one trend in particular here sticks out -- the emergence of Decentral Games ($DG) coin, which is a project that focuses on casino-style gambling games that are playable directly on the metaverse. In a way it's not surprising -- if you've been on Decentraland lately you might have noticed something: the majority of traffic on the platform right now is clustered near two types of locations -- play-to-earn games (Wunderland, etc.) and casinos run by organizations like Decentral Games. DG is a coin that went all-in on Decentraland's future -- it named itself after the platform it built itself on, even. We've heard many well-known companies jumping into the metaverse but Decentraland seems to be metaverse of choice above all others. Why? After looking into the details of the more popular metaverse projects (Decentraland, The Sandbox, Cryptovoxels, Somnium Space...even platforms like Roblox or Meta) the one thing that makes MANA stand out is the fact that it's the most decentralized platform out of all of its competitors, and its governed by its own DAO in a transparent way. governance.decentraland.org While there may be many who might oppose DG on principle (taking an anti-gambling stance), DG coin is, too, run by a DAO as well. decentral.games We may not see the influx of money going into MANA until the next fiscal year, but the fact that the big companies (including JP Morgan who recently opened its "Onyx Lounge" in Decentraland recently) are going there is easily noticeable -- why? Companies that are planning on operating businesses inside the metaverse seek a platform that maintains its neutrality and largely stays out of its way. The other projects are all run by companies or teams with centralized control in the background - for businesses that have done its due-diligence, a truly decentralized platform is the only option that makes any sort of sense. Following the lead of DG, a lot of companies are hoping to create commerce layers on top of Decentraland to drive more traffic to its worlds, long-term. In a way, these trends is a validation of the decentralized model, since it encourages other projects to follow the success of the DAO model as a whole. Projects that are currently centralized may find itself being left behind long-term, as the partnerships and resources required to make Web3 models work migrate towards better (neutral) waters as a whole.
Editors' picks
Long
by RyanTanaka
29
Why is Decentraland the Metaverse of Choice for Businesses?The metaverse market as a whole has been down for the last 3 months as we plod through this crypto "winter" - though it's worth noting that Decentraland is slowly closing the gap to Sandbox after its surge last year. But one trend in particular here sticks out -- the emergence of Decentral Games ($DG) coin, which is a project that focuses on casino-style gambling games that are playable directly on the metaverse. In a way it's not surprising -- if you've been on Decentraland lately you might have noticed something: the majority of traffic on the platform right now is clustered near two types of locations -- play-to-earn games (Wunderland, etc.) and casinos run by organizations like Decentral Games. DG is a coin that went all-in on Decentraland's future -- it named itself after the platform it built itself on, even. We've heard many well-known companies jumping into the metaverse but Decentraland seems to be metaverse of choice above all others. Why? After looking into the details of the more popular metaverse projects (Decentraland, The Sandbox, Cryptovoxels, Somnium Space...even platforms like Roblox or Meta) the one thing that makes MANA stand out is the fact that it's the most decentralized platform out of all of its competitors, and its governed by its own DAO in a transparent way. governance.decentraland.org While there may be many who might oppose DG on principle (taking an anti-gambling stance), DG coin is, too, run by a DAO as well. decentral.games We may not see the influx of money going into MANA until the next fiscal year, but the fact that the big companies (including JP Morgan who recently opened its "Onyx Lounge" in Decentraland recently) are going there is easily noticeable -- why? Companies that are planning on operating businesses inside the metaverse seek a platform that maintains its neutrality and largely stays out of its way. The other projects are all run by companies or teams with centralized control in the background - for businesses that have done its due-diligence, a truly decentralized platform is the only option that makes any sort of sense. Following the lead of DG, a lot of companies are hoping to create commerce layers on top of Decentraland to drive more traffic to its worlds, long-term. In a way, these trends is a validation of the decentralized model, since it encourages other projects to follow the success of the DAO model as a whole. Projects that are currently centralized may find itself being left behind long-term, as the partnerships and resources required to make Web3 models work migrate towards better (neutral) waters as a whole.
Long
by RyanTanaka
Accumulating PolkaDOT I think it’s a good hold to add a for long term My macro outlook is 2025 I see it rising 360+ not financial advice just my own thoughts and observation on a macro scale coupled with fundamentals Also it looks like a Huge bullish pendant on the weekly that’s going to spring upwards to the heavens Gavin wood is an extraordinary person with his work at eth and web3 as well as philanthropy efforts. I know this is the future tech. All the best and 1love and peace
Long
by bullymcbagz
2
🉑DATA- 2022 New perspective feat. double bottom divergencesThe price reached strong support, left is previous trend forming a potential double bottom there (confirmation after breaking above >0.10$) Multiple bullish divergences can be spotted on various indicators => (RSI,MFI,OBV) The divergence on OBV is insane. - The chart with longer price history from Bitfinex BITFINEX:DATUSD (different ticker) looks ok (the price is at last point of dynamic support) - BINANCE:DATABTC pair is at support in a rising channel The whole 2021-2022 price action could be treated as one big accumulation <= this remains valid as long as the price hold above 0.07$ (red area) Also the good thing is that even if I'm wrong, stop loss can be placed very close(less than 10%) which means that risk:reward ratio here is extremally attractive. Will post updates whenever I feel like it's needed.
Long
by V0VOLAN
1
Axie Infinity AXS/USDT : Recovery expected towards 119,00Axie Infinity AXS /USDT : Recovery expected towards 119.00 Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. The Axie Infinity ( AXS ) token is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism. Context AXS /USDT has been listed in the middle of the last year, so the historical data are not really mature for a deep target projection. However Focusing on Daily and 3H basis we can already highlight key technical elements to understand the actual picture For now the initial raise can be describe in 3 wave up move (Corrective - A/) or 5 wave up move (Impulsive I/) - depend if you switch the scale between lin or log, on my side i would be more confortable with an impulsive move at this stage. So once that it said and as i described on the chart, the following move (down leg) has been done in 3 wave down (A-B-C corresponding to a logic corrective move in wave B/ if we are in ascending range towards 195.00 and more if we are in a impulsive long-term trend - it what we are calling a ''common part'' between to different scenario) So the configuration is quiet nice because the wave A = Wave C and the market bounced off 50/61,8 retracement which are standard to respect a proportion for this kind of Harmonic / elliot wave pattern, the determinism of the behavior behind the scene is strong a significant rise is clearly more likely. Tactical view (1 to 3 weeks) As you can see for now the RSI and the 55/89 EMA didn't provide a bullish pre-signal, only the 21EMA is acting as support, and we have a small ''evening star doji'' capping the recovery. Those elements can call for a last down leg towards the strategic support but for now the construction of the recovery is more impulsive than corrective so those element for now stay weak within the long-term determinism on going. As long as 49,70 remains key tactical support ( Pivot ) a direct rise is more likely towards 81,60 before 119,00 else penetrating 49,70 a test of 35,50 Strategic key support ( Pivot ) will occur before any bullish tentative Also i recommand to have a look on SLP /USDT which is also a native ERC20 coin connect to Axie ecosystem, - i will soon published something on it Enjoy !
Long
by JeanJean1983
SAND : GREAT PROJECT BUT NO ENTRY POINT FOR ME RIGHT NOW HEYY it's me again i hope you're doing great for today's analysis i want to let you know that the sand is a good project i am absolutely a big fan of it and il waiting with patince for the best entry point . as you can see in the chart i used the fib retracement to see how much did it lost from the las uptrend rally . and as you can see it lost already 60% of it's price but the thing im curious about and that made me really suspicious is that the price is aiming for a new lower low to complete the wave and cosnolidate a little bit then go for a new all time high not to mention that the RSI is showing an absolute downtrend until it reaches the areas of 20 or below then you can acces the trade carrefully don't buy with 100% of your capital . always buy on stages and trade on your own responsability . thank you and im all ears .
by ILYESSOVVVV
11
XTM - Breach of downtrend and launchTorum attracted a lot of attention once they were listed on KuCoin, pumped to a high and then fell subject to immense selling pressure. I've had my eye on this project for a while and it has been tempting to "buy the dip". Similar to many alts, $XTM has been heavily affected by the #Bitcoin downtrend since 69k and has struggled to regain solid footing in these turbulent market conditions. On February 7th, XTM broke its downtrend which started on November 19th, for the first time since the 29th of November. Unlike the initial breach in late November, this recent outbreak has shown more strength by successfully retesting the resistance and turning it to support. This shows buying pressure. It makes sense as after the outbreak, XTM had strong hidden bearish divergence and evidence of the MACD crossing over on the 12H time frame. Consequently, we saw a decrease of 34% (at the time of writing 2/18/22). Why didn't we buy XTM earlier? Why is it a more interesting trade now? 1) I have been looking for strength after the breakout from XTM, which did not happen in late November - early December. Breach of the trendline, no real consolidation and dip. 2) XTM is seeing its support hold better against selling pressure and the initial close of our most recent swing low (.2175) could be a good entry as if it forms a double bottom. 3) XTM has been having a relatively neutral month despite Bitcoin having a good start to February (despite price action in recent days!). Obviously, this lack of price increase is not a bullish sign, but what this along with volume tells me is that selling pressure has also substantially decreased. 4) Too much overall uncertainty in the market. XTM was recommended to me by a respected peer, who is bullish on the project's fundamentals. As you can see in the chart, I am bullish from a technical analysis point of view. This will all be heavily influenced by the price action of Bitcoin. Torum is a very low market cap cryptocurrency and thus categorically a higher risk choice of investment, please exercise risk management if you choose to invest. I am not a financial advisor, this is not financial advice. I was encouraged to start posting trading ideas as I have benefitted tremendously from studying the work of others in this community. I would love to learn more, if there is anything you would like to discuss XTM, other cryptos, stocks, or trade ideas please feel free to leave them in the comment section below. Have a good weekend, C
Long
by CViewsTH
Bitcoin Daily Analysis Update🟢 As expected BTC continues the downward movement and now testing the major support area. BTC needs to hold this support otherwise we see a quick sell-off. We may see a wick to $38,750 support area. The first resistance is $40,800 and $42,000 area. Keep an eye on the support level. Use the appropriate loss limit for your trades, which has a very high possibility of emotional movement in the market. ⚠ This Analysis will be updated. Amir Hossein 📅 02.20.2022 ⚠️ (DYOR)
Short
by Trader_Needs
3
ANKR Pre-programmedAnkr a tiny crypto operation. Its coin trades for pennies ($0.07). It has a $600 million market cap. But unlike a lot of tiny crypto operations, Ankr trades on the Coinbase (NASDAQ: COIN) platform. So it's easy to make small investments in Ankr if you want to. And there's a reason the people who run Coinbase wanted to add Ankr's coin. Venture capitalists and other intelligent investors are backing the coin, and management is very, very smart. Ankr was founded by Chandler Song, whose first job was working for AWS (Amazon Web Services). While doing that job, he got the idea of using peer-to-peer networks (blockchain) to power cloud networks. One of his bosses, Stanley Wu, was one of the engineers who designed the AWS platform in 2007. Those two men quit Amazon and co-founded Ankr.
COINBASE:ANKRUSDLong
by SLAZOJANYC
4
ANKR preprogrammed Ankr a tiny crypto operation. Its coin trades for pennies ($0.07). It has a $600 million market cap. But unlike a lot of tiny crypto operations, Ankr trades on the Coinbase (NASDAQ: COIN) platform. So it's easy to make small investments in Ankr if you want to. And there's a reason the people who run Coinbase wanted to add Ankr's coin. Venture capitalists and other intelligent investors are backing the coin, and management is very, very smart. Ankr was founded by Chandler Song, whose first job was working for AWS (Amazon Web Services). While doing that job, he got the idea of using peer-to-peer networks (blockchain) to power cloud networks. One of his bosses, Stanley Wu, was one of the engineers who designed the AWS platform in 2007. Those two men quit Amazon and co-founded Ankr.
COINBASE:ANKRUSDLong
by SLAZOJANYC
1
VECHAIN DAILY ANALYSIS🟢 #VET has broken the bearish trend line and is maintaining this range and re-testing the trend line. Price has reacted positively to the 0.382 Fibonacci level and is expected to be moving towards the resistance shown in the chart. Otherwise, the process will fall to the support level and it will be decided again to continue the process. Use the appropriate loss limit for your trades, which has a very high possibility of emotional movement in the market. ⚠ This Analysis will be updated. 🟢Amir Hossein 📅 02.19.2022 ⚠️ (DYOR)
by Trader_Needs
5
ENJIN COIN DAILY ANALYSIS ENJUSDT (ENJIN COIN ) 💹 Time Frame: Daily (Update) ➖➖➖➖➖➖➖➖ 🟢ENJ took a strong rejection from the major resistance zone around $2.16 - $2.25. Also, there's a supporting uptrend line, which can act as a support in the future. Around, $1.43 - $1.50 is the next support area where you can look for buying opportunities. Let's see what is going to happen in next coming days? 🟢 This Analysis will be Updated Amir Hossein 📅 02.12.2022 ⚠️ (DYOR)
Short
by Trader_Needs
3