PERPUSDT trade ideas
$PERP Tools used:
4 HOURLY CHART, checking for most recent trend pattern
Lowest low: 26th March 2021 8PM (UTC +8), vertical line
Highest High: 2nd April 2021 12PM (UTC +8), horizontal line, before breakdown happens until today 5th April 2021 1:30AM (UTC +8),
X-Y coordinates between vertical line and horizontal line from the top, draw gann fan on a 45 angle
X-Y coordinates between vertical line and horizontal line from the bottom, draw gann fan on a 45 angle
Gann Fan ratio 8/1, 3/1, 2/1 identified the support and resistance of the breakout from 5th April 2021 1:30AM (UTC +8),
Possible bullish price actions:
As per blue highlighted bars
$PERPWhat Makes Perpetual Protocol Special?
20x Leverage On-Chain Perpetual Contract
Traders can trade with up to 20x leverage long or short, enjoy transparent fees, and 24/7 guaranteed liquidity.
Go Long or Short on Any Asset
Virtually any asset can be supported via a perpetual contract on Perpetual Protocol. Whether it’s gold, fiat, BTC, BCH, ETH, ERC-20s, XRP, EOS, LTC, ZEC, XMR, or something else, Perpetual Protocol can support it all.
Lower Slippage than Other AMMs
Traders on constant product (x*y=k) market makers like Uniswap suffer from higher slippages than traders on centralized exchanges (CEXs) because k is capped by the liquidity provided. Perpetual Protocol’s Virtual AMMs can set k algorithmically to provide lower slippage to traders.
Tools used:
4 HOURLY CHART, checking for most recent trend pattern
Lowest low: 26th March 2021 8PM (UTC +8), vertical line
Highest High: 2nd April 2021 12PM (UTC +8), horizontal line, before breakdown happens until today 5th April 2021 1:30AM (UTC +8),
X-Y coordinates between vertical line and horizontal line from the top, draw gann fan on a 45 angle
X-Y coordinates between vertical line and horizontal line from the bottom, draw gann fan on a 45 angle
Gann Fan ratio 8/1, 3/1, 2/1 identified the support and resistance of the breakout from 5th April 2021 1:30AM (UTC +8),
Possible retracements:
As per red highlighted bars.
Consider the retracement as bull market does not promise consistent growth. Up next, will be bullish version :)
PERP 1h chart Elliot waves countHi guys, as you can see PERP broke out from the paralel channel after doing a complete Elliot waves cycle. I charted the possibility of another impulse wave that is currently on wave 1 of 5. Cconsidering the rounding bottom and also the Fibonacci extension level at 2.618 I think we might see the 9 $ levels very soon.
I also posted a related 2 links from last week when I was waiting exactly for this move to happen.
Just an idea, not financial advice.
Trade safely guys !
Perp coin 1h chart20x Leverage On-Chain Perpetual Contract
Traders can trade with up to 20x leverage long or short, enjoy transparent fees, and 24/7 guaranteed liquidity.
Go Long or Short on Any Asset
Virtually any asset can be supported via a perpetual contract on Perpetual Protocol. Whether it’s gold, fiat, BTC, BCH, ETH, ERC-20s, XRP, EOS, LTC, ZEC, XMR, or something else, Perpetual Protocol can support it all.
Lower Slippage than Other AMMs
Traders on constant product (x*y=k) market makers like Uniswap suffer from higher slippages than traders on centralized exchanges (CEXs) because k is capped by the liquidity provided. Perpetual Protocol’s Virtual AMMs can set k algorithmically to provide lower slippage to traders.
great buy zone : 7.60$
Prime time to pick up!Uniswap Chart Here
i.imgur.com
PERP just finished retracing and just touched the VWAP on Uniswap. If you haven't yet bought it on Binance, I suggest you get at least one buy in. It's not worth a YOLO just yet, but definitely get your foot in the door.
The higher Uniswap price also tells me that the whales are in a long position. If it were lower they would have arbitraged it out to equalize the difference.
