DEFI
BALUSDT : Short opportunity with good risk:rewardBalancer is again at the secondary lower trend line of resistance. Bitcoin also seems to be week on the 4h time frame, there is high probability of getting a rejection here and show some correction.
Also, the risk reward is also in our favor, I'm opening a futures trade for this short and hoping to either get stop loss or Target hit by tomorrow.
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surging of BitShares is near?crab harmonic pattern:
AB=0.61 XA
BC=0.38 AB
tp1=1.6 BC=$0.49
tp2=2 BC=$0.93
tp3=2.24 BC=$1.4
tp4=2.6 BC=$2.65
tp5=3.6 BC=$14
tp6=1.6 XA=$20
Crypto Total DeFi Market Cap Setting Up To Push HigherWhile we didn't get the 'DeFi Summer' that many expected, things appear to be heating up in DeFi right now, going into 2022.
The Crypto Total DeFi Market Cap chart in TradingView here is showing bullish signals both on the daily candle (which is sitting nicely on the uptrending 21 day EMA, which I call a 'Rocket on the Launchpad') -- but also our custom indicators are showing an upswing in DEFI projects right now.
We created an 'Early Reversal Indicator' which correctly called the mid-summer low on July 21st and also the September 30th lows. While it's not 100%, as with anything, the nuances are everything.
Our 'Trend Indicator' is also printing a fresh 'Bell' signal, which indicates a longer swing trend is setting up (5-7 days or longer).
Should be interesting to see if we do see DeFi push higher here as one of the newest leading sectors of 2022.
Let me know your thoughts below!
#HEX backtested legacy H&S neckline. Met 35cent target for 2021.Now potentially forming a right shoulder of a larger INVERTED Head & shoulders bottom / continuation
SACRIFICE phase is live right now PulseX for donations to a upcoming airdrop of Uniswap (#UNI) best rates are available up to Jan 10th
expect volatility as we have seen today due to Whales moving the price around to suit their needs and secure their sacrifice position
which lends credibility to a potential inv Head and shoulders and target of new Highs for March
$YFI/USDT 3h (Binance Futures) Bull flag on supportYearn Finance broke-out bullish last week then pulled back to 200MA / desc TL forming a continuation pattern, let's enter here!
Current Price= 28229
Buy Entry= 28163 - 26849
Take Profit= 32410 | 36128 | 40968
Stop Loss= 24697
Risk/Reward= 1:1.75 | 1:3.07 | 1:4.79
Expected Profit= +35.66% | +62.70% | +97.88%
Possible Loss= -20.22%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Website: yearn.finance
Contracts:
#ERC20 0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
#BEP20 0x88f1a5ae2a3bf98aeaf342d26b30a79438c9142e
#HECO 0xb4f019beac758abbee2f906033aaa2f0f6dacb35
#AVAXC 0x9eAaC1B23d935365bD7b542Fe22cEEe2922f52dc
#xDai 0xbf65bfcb5da067446CeE6A706ba3Fe2fB1a9fdFd
#Fantom 0x29b0Da86e484E1C0029B56e817912d778aC0EC69
Chainlink (LINK) Is UndervaluedAs the major go to oracle in the crypto space that powers the majority of DeFi, Chainlink (LINK) is undervalued at these levels below the 0.236 Fibonacci level at $23. We're also in a trough on the weekly RSI's meaning we're pretty oversold. Chainlink has nice steady long term growth and I personally believe Chainlink under $20 is a steal long term. Point of Control (POC) is around $27.45 where the majority of price recognition has occurred.
FARM - my worst trade with some bullish signsI'm down with FARM trade approx. 60%.
I missed stop loss point and now I'm stuck with it.
With 60 million M. Cap it is good buy now considering falling wedge formation, RSI oversold with potential breakout and Stoch RSI nailed to the bottom for long time.
Price reached almost historic lows and there is no point to sell here.
Coin is available on Binance, Coinbase, Poloniex and 30 more exchanges.
Once DeFi gain some traction again, FARM will also get a piece of the cake and considering that is now available on much more exchanges, it will probable reach new high.
Red boxes I see as major resistance points for FARM to reach new ATH.
Even my position will be in green, I hope! 😅
Bullish Polkadot ($DOT)One of the coins $DOT I am interested in as well as many others but Medium term I feel this project can excel further as we head into digital transformation further regarding Web 3... (Please do your own research as this isn't financial advice).
Technical View - Out of channel down - Bullish set up -
Pattern - Coming out of descending wedge could head towards 50 - 200 EMA.
Trade Journal
(Not Investment Advice)
BRD ready for a move back up to $1.32Some big news of an Coinbase acquisition recently spiked BRD. Now it looks like a local bottom has formed and we are ready for a move higher.
$AMP can be a solid reversal play...$AMP has put in solid support on the Daily with multiple touches. Pro Blue Osc hovering nicely above the zero line, MACD about to cross up, Cipher printing a buy and RSI Stoch coming out of the reset position. If market cooperates for a solid bounce then I expect nice gains out of $AMP here.