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NEARing a breakoutLooking at NEAR/USDT 4H chart going back to late Feb 2023. We see six(!) firm rejections at recapturing the 200MA highlighted in the circles. I would generally consider this bearish as the token doesn't have enough buyer support to flip the MA from resistance to support. But what I've noticed in years of crypto charts is those six rejections will dramatically help cement the 200MA as support when it finally does flip it. Bollinger Bands are the black lines, and we see the upper band trending above the 200MA. While the retracement from the recent rejection happens, its continues to consolidate between the .5FIB & .236FIB. This is akin to coiling and building up strength for the push back up. $1.85 has historical value for the coin and is also reflected as the .236FIB in this chart. I'm expecting a quick trend down towards there, then we'll get our seventh attempt at cracking the 200MA thereafter. I believe that NEAR will recapture the 200, whether its the seventh or eleventh attempt I can't say. But I know that when it does finally flip the 200, we'll be moving back up towards $2.70 quite quickly. Short term play would be to enter at bounce near $1.85, then exit around $2.70 (strongest resistance after flipping 200). Long term play would be to DCA now then use NEAR within their DeFi ecosystem during the bull market. ATH is $20 and that was during its first market cycle. Most major cryptos print higher than their previous ATH in subsequent runs, unless the coin is plagued by inflation. Either way I'm confident it's just a matter of time before NEAR breaks out from under 200MA and moves up. NFA
BINANCE:NEARUSD
by ChartswithChip
2
SHORT RNDR Token, Overbought - Resistance HitCurrent Price: $2.43 Entry point 1: $2.58 Entry point 2: $2.43 Target 1: $2.25 Target 2: $1.95 Stoploss: $2.70 This is a solid asset with a large amount of potential but i believe it is currently overbought and needs some room to cool, This is why i have added two entry points to this trade. The first one is for the more conservative investor who would like to see a bit more confluence before making the jump, the second entry point is for those banking on the overall market and the asset decline in price. The Render Network is designed to connect users looking to perform render jobs with people who have idle GPUs to process the renders. Owners would connect their GPUs to the Render Network in order to receive and complete rendering jobs using OctaneRender. Users would send RNDR to the individual performing the render work and OTOY would receive a small percentage of RNDR for facilitating the transaction and running the Render Network. Once they’ve registered their idle GPUs on the Render Network, these GPU owners become “Node Operators” and are able to earn RNDR Tokens. They do this by accepting jobs from users in need of rendering work, known as “Creators”, who send their files to the Render Network, where they are assigned to Operators. Render receives a small percentage of the RNDR paid out in order to maintain the network and facilitate the transaction.
RShort
by Helios_Capital_Investment
2
$WOO/USDT 12h (#Bybit) Ascending triangle breakout and retestWoo Network is pulling back to 100EMA support where a small bounce would make sense. ⚡️⚡️ #WOO/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.3X) Amount: 5.0% Current Price: 0.2403 Entry Targets: 1) 0.2375 Take-Profit Targets: 1) 0.2998 Stop Targets: 1) 0.1959 Published By: @Zblaba FWB:WOO #WOOUSDT #WooNetwork #CeFi Risk/Reward= 1:1.5 Expected Profit= +60.3% Possible Loss= -40.3% Estimated Gaintime= 2-3 weeks woo.org
Long
by TradingOn
1
ARBITRUM - LONG PLAY - 200% Gain. $ARBHere is a quick analysis I completed on Arbitrum, this coin has mass potential as a layer 2 scaling solution and as a seamless integration means for ETH chain through Solidity, Unlike other layer 1 ETH competitors, Arb allows developers to create custom dApps. ----------------------------------------------------------------------------------------------------------------------------------------------------------- Entry Price Potential situation 1: $1.47 (If breakout above diag resistance) Stoploss : $$1.35 Entry price if Breakdown below current prices to mid channel :$1.20- $1.05 Stoploss: A break below Diag Support > 5% Target 1: $1.65 Target 2: $1.90 Target 3: $2.55 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speed and cheaper transaction costs when interacting with web3 dApps. There are 2 Arbitrum chains: Arbitrum One: Major applications are currently housed on Arbitrum One, with a concentration of DeFi protocols. Arbitrum Nova: Utilizes a milder trust assumption in exchange for lower fees. Introduced to cater for high-volume applications such as gaming and social. The arbitrum project consists of the following components: Arbitrum Nitro: The underlying Optimistic Rollup technical stack powering all Arbitrum products. Arbitrum rollup: The primary use case of the Nitro technology and the one used on the Arbitrum One chain. Arbitrum rollup orders and batches transactions to be posted onto Ethereum, thereby inheriting its security. Arbitrum AnyTrust: A variant of Arbitrum Nitro’s that offers lower transaction cost and faster withdrawals in exchange for milder trust assumption. Instead of Ethereum, AnyTrust relies on an external Data Availability Commitee (DAC) for data availability. Arbitrum Nova uses Arbitrum AnyTrust. Orbit: Permissionless platform for launching custom L3 chains on the Arbitrum ecosystem using the Arbitrum Nitro stack. ARB is its native token and its current use cases include: Governance: Token holders will be able to vote on Arbitrum DAO governance proposals regarding the future of Arbitrum One and Arbitrum Nova chains. As at March 23rd 2023, the total token supply of ARB is 10,000,000,000. The current circulating supply is 1,275,000,000 (12.75% of the total token supply).
Long
by Helios_Capital_Investment
Algebra LONG PLAY - 150% Potential Gain Current Price: $.0248 Entry Price: If it breaks the Diagonal resistance ($.025-$.028) Entry price if rejected by Diagonal resistance and bounces of diagonal support: (.0195-.021) Resistance 1: $.0323 Target 1: $.051 Target 2: $.080 Stoploss: $.019 What is Algebra? Algebra is a next-generation Automated Market Maker (AMM) and concentrated liquidity protocol for decentralized exchanges. It is based on adaptive fees technology, making it a revolutionary solution in the DeFi field. Algebra Protocol has already been integrated by various DEXs such as QuickSwap, THENA, Zyberswap, Camelot, StellaSwap, Ubeswap, and many more. ALGB Token Utility The ALGB token is used for staking. Algebra receives a portion of the fees from the integrated DEXs, which are then used to buy back ALGB tokens and distribute them to stakers. You can stake ALGB tokens on the Algebra platform. The more DEXs integrate Algebra's solution, the more ALGB will be bought back, leading to an increase in value for the token holders.
ALong
by Helios_Capital_Investment
$LINA/USDT 2h (#Bybit) Ascending channel on resistanceLinear faked-out and got rejected forming an evening star with a shooting star on local top, a retracement down would make sense. ⚡️⚡️ #LINA/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (3.2X) Amount: 4.9% Current Price: 0.01703 Entry Zone: 0.01719 - 0.01835 Take-Profit Targets: 1) 0.01508 2) 0.01305 3) 0.01103 Stop Targets: 1) 0.02002 Published By: @Zblaba $LINA #LINAUSDT #Linear #DeFi Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +48.4% | +85.0% | +121.4%% Possible Loss= -40.5% Estimated Gaintime= 5-10 days linear.finance
Short
by TradingOn
3
$MASK/USDT 2h (#Bybit) Bull pennant breakout and retestMask Network is pulling back to 100EMA support where it seems likely to bounce and resume bullish after. ⚡️⚡️ #MASK/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 4.7% Current Price: 6.351 Entry Targets: 1) 6.200 Take-Profit Targets: 1) 7.491 2) 8.635 3) 9.780 Stop Targets: 1) 4.698 Published By: @Zblaba $MASK #MASKUSDT #MaskNetwork #Web3 #NFT Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +51.0% | +89.3% | +127.6%% Possible Loss= -42.6% Estimated Gaintime= 5-10 days mask.io
Long
by TradingOn
2
ETHEREUM -25/4/2023-• Ethereum is suffering from the overall crypto market correction • After hitting the upper trend line of the broad ascending channel, price reversed and broke through the middle line as well indicating increasing selling pressure • Price found some support at the lower bound of the channel • Bulls will try to keep the price from breaking the channel even if they are not yet able to break through the middle line again • Bears will gather their strength at a higher price and will try to break the channel • There is no significant support below current level until 1380, which is the bears main target • If bulls manage to defend the channel support and the market gains some momentum, they will aim to re-test the upper bound of the channel and make a new yearly high • A break of the channel exposes 1380 and gives the bears the upper hand, weakening the bullish trend significantly
COINBASE:ETHUSD
by RamziAbouAbdallah-CMT
BITCOIN -15/4/2023-• November 21- November 22 descending trend line was already broken and turned from resistance into support • Back in March we can see a bullish crossover between the 200 and 50 Moving Average, a bullish signal and they are both pointing upwards • Since Jan 23, we are trading inside an ascending channel and prices are spending more time in the upper limit of this channel, which means bulls are dominating and keep pushing prices higher. • Next resistance is 33000 and 34500, bulls need to overtake those 2 levels to keep the rally healthy and intact
BITSTAMP:BTCUSDLong
by RamziAbouAbdallah-CMT
$INJ/USDT 1D (#Bybit) Rising wedge on resistanceInjective Protocol is entering overbought territory and could retrace down to 100EMA support, after a last push up into supply zone. ⚡️⚡️ #INJ/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (2.2X) Amount: 4.9% Current Price: 7.0720 Entry Zone: 7.1290 - 8.0450 Take-Profit Targets: 1) 5.8905 2) 4.6130 3) 3.3355 Stop Targets: 1) 9.0065 Published By: @Zblaba CRYPTOCAP:INJ #INJUSDT #Injective #DeFi #Web3 injective.com Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +49.2% | +86.2% | +123.3% Possible Loss= -41.2% Estimated Gaintime= 1-2 months
Short
by TradingOn
3
UNIDEF - TRAPPED IN THE MIDRANGEUNIDEF - Anticipating for a MS breakout/Mitigation of inefficiencies in the choppy trend or descending channel like pattern. As forecasted on the picture, its clearly seen that the market has lost its volume as we can see an irregular bearish move in the market but the bullish divergence is still holding up. Breaking the FVG structures will validate a revival in the market sentiment and prompt more investors to ride on, else we will get to see only a retest at those specified zones and then a bearish continuation trend. Good luck! Do well to strictly abide by the terms. Like and share for more ideas.
U
by Pearl-A
$JASMY/USDT 2D (#Bybit) Big falling wedge breakout & retestJasmyCoin finally regained 50MA support and downtrend seems over, let's swing long on demand zone, targeting 100EMA. ⚡️⚡️ #JASMY/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (1.0X) Amount: 4.5% Current Price: 0.004642 Entry Zone: 0.004420 - 0.003402 Take-Profit Targets: 1) 0.005969 2) 0.007519 3) 0.009069 Stop Targets: 1) 0.002189 Published By: @Zblaba Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Proft= +52.6% | +92.3% | +131.9% Possible Loss= -44.0%
Long
by TradingOn
2
$RPL/USDT 4h (#Bybit) Ascending wedge on resistanceRocket Pool looks overbought on Low TF and seems likely to get rejected on local top then retrace down to 100EMA support. ⚡️⚡️ #RPL/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (6.4X) Amount: 5.0% Current Price: 47.770 Entry Zone: 48.150 - 49.760 Take-Profit Targets: 1) 45.285 2) 42.830 3) 39.760 Stop Targets: 1) 52.025 Published By: @Zblaba $RPL #RPLUSDT #RocketPool #LP #DeFi #Eth2 Risk/Reward= 1:1.2 | 1:2.0 | 1:3.0 Expected Profit= +48.0% | +80.1% | +120.2% Possible Loss= -40.1% Estimated Gaintime= 2 weeks rocketpool.net
Short
by TradingOn