Bullish Divergence on Market Cypher RSI turning green Price has been in a falling staircase building buyer liquidity to the upside The price of xfund - we've held this level for quite some time now. If we do go up , I am still suspicious of a market drop soon to come. The BTC halving is next spring. As per Zenledger's quote - "the next halving is estimated...
Lots of traps either way but notice the big picture. We could easily go way down to finish out the imbalance area below 905 trillion. We sfp'd (swing failure pattern'ed) to the top of the imbalance area already but still seem to gravitate towards the golden pocket. Will update soon.
We may rise 4% to hit the imbalance area before dropping to the correction target.
Unification Xfund is the oracle for Shibaswap. Most people dont know about xfund but they build blockchains for business. They have recently voted the max supply to lock in at 8,888 with a marketcap currently only 17 million. Huge growth potential here.
Found confluence with Daily levels from July 2021 value area high and Point of control for that same range. Also, my target is at the Global Fib retracement .618, .65 Golden Pocket. However there is a possible retest (imbalance area) below incase the total market dives another 40% from today.
The elevator is going to the "Single Print Ceiling" from two ranges above. Enjoy your flight! Dont forget to take profit along the way. I used the fib retracement levels and the fixed volume profile tool to find the Point of Control, value area high and low - with confluence to an imbalance and a single print area plus previous support/resistance price action...
So I heard Yearn finance will hit Binance.Us tomorrow...."If" we pump a bit from the support level of $27,780 range, "then" we could hit a target of the next fib level $40,625. I drew my fib levels on the total yearn finance 12 hour chart. Not just the "current trend" so keep that in mind with a grain of salt.
Quick idea 4hr short. Im seeing confluence with the golden pocket and the value area high for this current range. We could reject at that level and head down.
A good place to buy in but make sure to set a stop loss incase of downside!
using the fixed volume profile tool - you can see the buy and sell areas inside of trading ranges. When price action moves into a range area, the highest point of buys and sells (point of control, POC) acts like a magnet and support/resistance. Make a plan. dont fomo.
Imbalances are area where price tends to return. Not always but very likely. The difficulty is waiting it out. Price action could dip for months before coming back to fill the area target. The total market structure determines the time frame.
Shib's consolidation into the apex is reaching its max. The holder count has continued to grow to 964,126 during the consolidation. If we break down there are strong support levels below. as well. Shytoshi (one of the developers) has cleared the fud on Shibs total supply. We are ready to shoot up1
We had very good upside potential. Then the Market decided to drop as a whole. The orange verticle lines are bitcoin killzones (Bitcoin dumps). Fun times.
"IF" QNT goes lower, it could bounce at the .618 fib level area around $214. This would be a great scale in buy opportunity.