The next major trading targets to expect a reaction for DOT will be the Fair Value Gaps (FVGs). If you learn about market maker theory you will find that the market likes to target liquidity at zones where price spent relatively little time on higher timeframes, where price traded either up or down in a single bar without revisiting that area. I've drawn 3 FVGs...
Polkadot has probably the quietest marketing team on earth but that doesn't mean they're not extremely strong in depth (hence 2nd most devs behind Ethereum) and scale. In fact, the speed at which the ecosystem is beginning to unfold is quite interesting and most likely a part of the plan. Moonbeam is executing on plan and is integrating as well as developing new...
Like Luna, AVAX, and Fantom before it DOT's TVL is soaring on Defi Llama defillama.com Over the past 1 month alone, the TVL has risen 1300% and this should soon correlate into a price surge in DOT. With Moonbeam's full Layer-1 launch behind us, the growth in DOT and the ecosystem should begin to take off. There are several very strong DeFi and swap products on...
The last time the CC SMA 50 turned green on the daily, BTC went up 54% over 45 days. This implies a price target of around $65k and could act as a very significant area of interest of either a triple top or continuation to a blowoff top... or more consolidation depending on some key catalysts in the months ahead (SEC approves Spot BTC ETF, more countries...
This translates to a PT of nearly $1,500 for 1 SOL token. You can see the flagpole extrapolation in red and then the 2nd half push PT in orange (both align very nicely which suggest we are halfway through our entire flagpole move right now with another half to go).
Just like my last major call in SOL back on August 7th, 2021, here again SOL is at a nexus point where the CC SMA 50 will turn green in the coming weeks. I'm currently projecting that this turns green by beginning of March. Once this occurs, SOL will enter a new impulsive surge higher which will likely be in conjunction with major catalysts such as scaling,...
To keep this short, it's now very public knowledge that Diem is no longer being pursued by FB and therefore the fundamentals have decreased for DOT. I still remain bullish on DOT but this is likely going to play out over a longer period of time. I would diversify into market leaders like SOL in the meantime and get some exposure to this top project as I've spoken...
SOL is a very strong project with extremely strong fundamentals (user growth, speed, cost) versus competitors. Despite the recent wormhole hack which wasn't an issue of SOL but an issue with a bridge is making headlines, this only provides an opportunity to buy cheaper than normal imho. SOL will no doubt fix any congestion issues it had in the past as their lead...
ATOM has been weaker than it was relatively to last week but I think that is about to pivot back to strength. ATOM retraced from the ATH back to the 0.5 line which is a very healthy retrace to occur and usually signals the end of a bearish trend before a rise higher (albeit within context of BTC rising/stable). ATOM has produced a bull flag with a PT to $31 - the...
Just a quick fundamental update on DOT - one of 2022's top Metaverse projects that is in early access mode and has a parachain slot on kusama already is on PolkaDot! The PolkaDot ecocystem is going to grow exponentially in 2022 and it will be led by all sorts of projects from DeFi, to computational data layers, to gaming / metaverse / P2Es and NFTs. This is a...
BTC has tried to breakout of the blue diagonal line which is set from the November 10th high (using the wick) - we are now once again at a very critical juncture in bitcoin where price attempted to intersect the diagonal line in the current 1H candle and will now attempt again to breakout in the next 5-6 hours. It's a strange time to do it considering it's Sunday...
By now if you've been reading my content you will know that PolkaDot and FaceBook Diem have some interoperability as Pontem Network is building a bridge b/w PolkaDot and FB Diem to allow interoperability between the two ventures. Diem will be a stablecoin that allows one to interact digitally with USD, Euros, Yen, GBP, etc and also a composite digital coin...
While DOT is launching a new parachain every 2 weeks their smart contract platform (Moonbeam) just went live which is a very important period for PolkaDot's ecosystem - nearly everything in the ecosystem will depend on smart contracts. There are some very exciting projects launching on DOT, many of which have a heavy focus on the data computational layer sort of...
NEXCF has just broken its long downtrend line which is usually due to some fundamental change in the company and trajectory of cash flow. The company has rebranded more into an AR 3D marketing company. They still have their digital edtech app and online conferencing but the reposition was a wise one considering the pandemic is coming to an end and many employees...
The Hidden Bullish Divergence is becoming more refined... let's see how it resolves itself... also noteworthy, there is a full moon coming on the 17th.... bitty does seem to like full moons for launch phases like the July bottom.
Potential 1H Bullish Divergence... let's see if it plays out and invalidates my previous post.
This is just my opinion but BTC has bounced from a very critical diagonal line that goes back to the previous ATH in April 2021. This line is being respected atm and may take another swing low before we come back through to the upside. It's pretty clear that the bears this time around are a lot weaker than they were in the May - July consolidation but of course...
Axie Infinity is showing Hidden Bullish Divergence on Daily candle.