FLOWUSD Where it's best to buy next.FLOW (FLOWUSD) is extending the strong 1D green candle that posted yesterday, having broken above the 1D MA100 (green trend-line), turning the 1D MA50 (blue trend-line) into a Support. The 1D RSI is at the highest (overbought) levels it has ever been and as the price is just below the 0.5 Fibonacci retracement level, it is best to wait for a pull-back to the 1D MA50 in order to buy again. If however the price breaks and closes above the 1D MA200 (orange trend-line), that would be a break-out buy signal into a new Bull Phase, in which case the first target would be 8.2800.
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FLOW
Flow at important volume resistanceFlow at important volume resistance combined with a bullish MA-Ribbon bullish
But we also see a hidden bearish divergence with a lower high on price but higher high on RSI
A correction is more than likely IMO - but MA-Ribbon might be new support for more breakout trials dear Crypto Nation
Drop me a nice comment about your thoughts
*not financial advice
do your own research before investing
$CPB Long IdeaCPB had some sweeps and block call flows yesterday and the cart looks good IMO with a nice gap above, strength and volume uptick.
Trader went 5/6 48 calls 300K premium and 5/20 call sweeps 48/49 strike.
I like more time, so I'm long 5/20 49 calls, swinging and singing baby
Target would be gap close 48.78 but will start trimming calls on the way .
Cheers
Flow Is trading symmetrical triangleThe Flow has been extremely bearish move from early 2020 Oct to 24 Jan 2022 and after that it has formed a symmetrical triangle in just couple of months.it has recently bounced from supporting line , so As you can see in the following chart you could trading according this pattern.
And if we will see more Bullish move if there is a confirmed breakout
Flow into a Symmetrical triangleIt has been a strong downward move on the chart From early Oct to 24 jan that is recently.after that it formed a symmetrical triangle so i expected we can see trading into this pattern for a few days.
First target is upper resistance line pattern.
Happy trading 🌷
Check out last my analysis that we have a take profit 70%
$NEM Bullish Chart Bullish FlowNewmont corp absolute ripper breaking above '87 highs
Blue skies , all time highs gotta buy
Flow supports, like the 4/29 87 calls that swept or you can buy more time (never a bad idea) with 90 being the first price target , I also opened a JUN 85/90 spread for about 1.8
Will definitely hold the JUN , will play the shorter OPEX day by day, hopefully take profits funding a free JUN trade : )
Either was, as long as price stays above weekly 10ma (blue line) , I'm long !
GRS (Groestlcoin) | Fundamentals, price model, etc
Launched on 22 March 2014 with a focus on technological advancement, Groestlcoin (GRS) is SEGWIT, TAPROOT and Lightning Network ready.
Groestlcoin has been in constant active development, providing development updates and enhancements every 3 months for 8 years. It is the first coin that activated SEGWIT (January 2017) and TAPROOT (The last update was released on March 8, 2022)
Groestlcoin's final supply is limited to 115 million coins from which around 80 million coins currently in circulation and only 15 million coins left. If you're familiar with the concept of scarcity, you know why it's important. Once something becomes scarce enough, it becomes precious and can be used as money.
The market cap of Groestlcoin is around $57 million, while the capitalization of the entire crypto market exceeds $2 trillion. Therefore, it can grow significantly by attracting a small portion of this capital.
Technical Analysis
Take a look at the chart. Right after Bitcoin's third halving (July 2016), we have a falling wedge pattern on the chart. This consolidation pattern was actually an accumulation zone. As you can see, the 2017 Bull Run started right after the pattern completed.
Each complete bitcoin cycle (Duration between two halving events) takes about 4 years. Now, about 4 years after the last bitcoin halving, we are again seeing a consolidation pattern formed on the chart. Now the triangle pattern is completed and the price is about to break out. So, this could be the beginning of a bull run.
<< However, always remember that past results are no guarantee of future performance >>
Price Model
Well, maybe a bull run is coming, but where can the targets be? I use a price model to determine the range of price movements.
Bitcoin is the leader and in the crypto world everything follows it.
I used linear regression to determine the relationship between the GRS price data and Bitcoin's stock-to-flow ratio.
I have plotted the model price (black) over time on the chart. To estimate the range of price movements, I used a set of trendlines plotted one or two standard deviations (positively and negatively) away from the model.
For more information on price models, see my article titled Ripple (XRP) Model Price via the link below the post.
Terms
What is segwit?
Segwit stands for "segregated witness" and is a technique that reduces transaction fees.
What is the taproot?
Taproot is a modified advanced form of MAST that allows participants to aggregate their signatures and spend from a multi-sig just like a normal transaction together.
What is lightning network?
The Lightning Network is a second layer added to the blockchain that enables off-chain transactions, i.e. transactions between parties not part of the blockchain network.
What is Bitcoin Stock-to-flow?
The 'Stock-to-flow' is a number that shows how many years, at the current production rate, are required to achieve the current stock.
FANTOM POLARITY FLOW WEEKLY LVL After a longer-term downtrend, I expect a strong bounce from the weekly hold level - 0.96. It seems that we are targeting our base of a range, which give us great opportunity to buy Fantom.
FIRST ENTRY - 0.96 - 0.98
SECOND ENTRY 0.76900
SL - 1W CANDLE CLOSE UNDER 0.76
TARGETS : 1.18
1.32
1.37
GOOD LUCK !
TRADE ON YOUR OWN RISK, USE CORRECT POSITION SIZING.