DEFI
UNIAfter Shanghai fork there will be much more liquidity because of massive unstake process. Staked ETH will watered down the market and DEXes. And now Uniswap is legally forkable. Maybe we will see some snapshot and airdrop for UNI holders. Something is cooking and I am feeling eat so much. I am a simple man and just want to make some money for my family.
$OMG/USDT 4h (#BinanceFutures) Ascending trendline breakdownOMG Network (f.k.a. OmiseGo) printed a shooting star below 50MA resistance and seems about to retrace down further.
⚡️⚡️ #OMG/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 8.4%
Current Price:
1.711
Entry Targets:
1) 1.796
Take-Profit Targets:
1) 1.476
Stop Targets:
1) 2.010
Published By: @Zblaba
$OMG #OMGUSDT #OmgNetwork #OmiseGo #L2
Risk/Reward= 1:1.5
Expected Profit= +53.5%
Possible Loss= -35.7%
Estimated Gaintime= 1 week
YFI This analysis is for informational purposes only and should not be considered financial or investment advice.
The information presented in this analysis is based on my own research and is subject to change without notice.
The analysis is not a recommendation to buy or sell any specific cryptocurrency Stocks Or Forex, including This Pair.
Please conduct your own research and consult with a financial advisor before making any investment decisions.
RBC - Wait For The Bulls 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 RBC has been stuck inside a range in the shape of an inverse head and shoulders pattern.
Moreover, RBC is currently sitting around a strong support and round number 0.02
🏹 For the bulls to take over , we need a momentum candle close above the green neckline which is lining up with the previous major low.
Meanwhile, until the buy is activated, RBC would be stuck inside a range.
Rubic is a Multi-Chain Swap Protocol which allows you to swap any of 9500+ tokens, on and between 8 blockchains in one click.
I like the project overall, so I'll be keeping a close eye on their upcoming news and features that would be the catalyst to pull the price up.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
$TRU/USDT 3h (#Bybit) Descending channel breakoutTrueFi just regained 50MA support and seems about to push higher and recover, short-term.
⚡️⚡️ #TRU/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 4.7%
Current Price:
0.08935
Entry Zone:
0.08805 - 0.08295
Take-Profit Targets:
1) 0.09990
2) 0.11075
3) 0.12160
Stop Targets:
1) 0.07345
Published By: @Zblaba
$TRU #TRUUSDT #TrueFi #DeFi #TrustToken
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +50.5% | +88.6% | +126.7%
Possible Loss= -42.3%
Estimated Gaintime= 1-2 weeks
#PULSECHAIN LAUNCH ... I believe Mainnet can ONLY Launch
once
#HEX clears the Pulsechain sacrifice zone price.
and is in the #PULSEX range of prices that were sacrificed.
This is also the most beneficial in terms of Bitcoin cycles
#BTC should have entered the area around $35k by then
(at which it point may have a correction of 20% - always part of the game)
But that would have brought back in many people who would have left the space during the bear market.
It would lead us into the bitcoin halving in the spring of 24
So mainnet could be around Halloween!
So don't despair, at any further delays.... part of RH's plan.
Richard is aiming to have the best possible price action in all of his coins.
1 year of shilling and 1 year of euphoric price action to take is into to the 2025 top.
#Poorpleb I believe is winding up for another run. #HVF = 2.6x2.6X on a Logarithmic target.
I like the action the chart is showing
still constrained by the opening daily candle body range
But I believe the opening spike High price will get attacked
By some bullish developments that see to be occurring
in awareness and the potential utility coming very soon.
This obviously will provide the catalyst for price appreciation along with new holders.
Beyond Defi:How Chainlink is Revolutionizing Blockchain's FutureChainlink has been making waves in the Defi space for some time now, and for good reason. As a decentralized oracle network, it serves a critical role in the functioning of smart contracts, providing reliable and accurate data feeds to enable the automation of complex financial transactions.
What sets Chainlink apart is its extensive network of nodes and oracles, which allows it to tap into a wide range of data sources and ensure that the data it provides is of the highest quality. This makes it an indispensable tool for Defi protocols that rely on accurate and timely data feeds to execute their functions.
Furthermore, Chainlink has gained significant recognition and support from a variety of high-profile institutions and organizations. This includes the World Economic Forum, which has designated Chainlink as a Technology Pioneer and recognized its potential to transform the financial industry.
Given these factors, it's no surprise that Chainlink has become one of the most popular investment choices in the crypto space. Its strong fundamentals and growing adoption within the Defi ecosystem suggest that it has significant room for growth in the coming months and years.
As such, if you're looking to diversify your crypto portfolio and tap into the potential of decentralized finance, it may be time to seriously consider adding Chainlink to your list of investments.
Price Targets
Target 1 : $8.10
Target 2: $10.66
Target 3: $29.96
I expect all these targets to be hit within the next 6 months
Chainlink (LINK) is a cryptocurrency that provides a decentralized oracle network that enables different blockchains to communicate with each other through cross-chain interoperability. The technology provides secure cross-chain applications that allow data and tokens to move across cross-chain smart contracts. The cryptocurrency has shown a strong bullish trend, and the technical analysis indicates potential price targets of $8.10, $10.66, and $29.96. Moreover, the blockchain-agnostic oracle network has the most widely adopted oracle network in DeFi, providing the highest quality data that is resistant to manipulation. As blockchain oracles continue to reduce switching costs and meet security requirements for enterprise use cases, Chainlink is in a strategic position to benefit from the blockchain technology's adoption by global enterprises and governments.
Certainly, here's a more technical and detailed response:
In order to arrive at the proposed price points, a rigorous methodology was followed which took into account a variety of factors, including but not limited to market analysis, and future potential for adoption. Specifically, a thorough analysis of current market trends and consumer demand was conducted in order to identify the optimal price points.
How much is left on the table for #HEX gainsThese are conservative , achievable price targets
I urged ppl to buy under the 10C level as much as possible , under 5c ideally.
You're basically out of time,
But there are still large price gains to be made
The trouble is, it now takes more economic energy to achieve those large gains in one cycle.
The window of opportunity has essentially closed for the small player.
#Crypto moves fast ... and the blood on the streets gets quickly mopped up.
I am anticipating deep discounts on eHEX and PLSX post launch
and if these opportunities present themselves you may get another bit at the cherry.
Everybody Loves CAKE 🍰 Analysis #11/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
CAKE has been stuck inside a big range between the 3.0 support and 5.0 resistance.
Now CAKE is approaching the lower bound / support zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
CAKE is bearish from a short-term perspective trading below the red trendline.
🏹 Trigger => for the bulls to take over, we need a new high to form and then a break above the upper red trendline and red zone.
Meanwhile, until the buy is activated, CAKE can still trade lower till the 3.0 - 3.2 support zone .
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
The GMX (GMX) DEX Token: 🔍 Enigmatic and 🤔 ConvolutedDiscovering the GMX (GMX)DEX Token: A 🌐 Decentralized Exchange with Mind-Blowing Features
The GMX (GMX) DEX Token is a 🌐 decentralized exchange for both spot and margin trading, boasting a credit leverage of up to a staggering x50. It was launched in September 2021, and it supports the seamless functioning of two networks, namely Arbitrum and Avalanche.
The 🤫 enigmatic and mysterious GMX team remains entirely anonymous, and there are no confirmed external investors. The exchange is governed and managed by the community of GMX token holders. Interestingly, since its inception in September 2021, the usage of the GMX exchange has been steadily growing. Even amidst the bearish market in 2022, the Total Value Locked (TVL) on the smart contract project has increased by more than a staggering 300%.
GMX (GMX) DEX Token's Mind-Boggling Financial Performance
As of March 9th, 2023, the TVL on GMX stands at a staggering 💰 $607.5 million, ($512.04 million in the Arbitrum network and $95.45 million in the Avalanche network). At present, GMX stands as the best-decentralized application on the Arbitrum network, primarily due to its exemplary TVL performance.
Since its establishment, the total trade volume on the GMX exchange has been steadily approaching the 💲 $90 billion mark, and the overall platform fee has already exceeded a staggering 💰 $130 million. The number of unique users in 2023 shows an upward trend, and a more detailed statistical breakdown on GMX can be viewed through the link provided.
GMX (GMX) DEX Token's Robust Market Prices and Secure Smart Contracts
The market prices on GMX are primarily anchored on Chainlink oracles, which gather information from leading exchanges, thereby providing protection for positions against liquidation caused by erratic ticks from a single automated market maker.
The smart contracts on the GMX exchange have undergone an audit by ABDK Consulting. The GMX token is used to manage the ecosystem of the decentralized GMX exchange. Notably, all platform fees are distributed between the GMX token holders and liquidity providers, with 30% going to GMX stakers and 70% going to liquidity providers.
The maximum token supply is planned for 13.25 million GMX, which may be increased in the event that more products are launched and users need to be incentivized to provide liquidity. Any changes to the project's tokenomics will be subject to the relevant voting process.
Currently, there are 8.5 million GMX tokens in circulation. For more detailed information on the project's tokenomics, please refer to the exchange's blog.
GMX (GMX) DEX Token: A Viable Alternative to Centralized Exchanges
There is no information in the exchange's blog on any significant events to expect in the near future. The GMX exchange represents a viable alternative to centralized exchanges, providing both traders and liquidity providers with opportunities to trade and earn.
According to Zion Market Research's 2021 report, the DeFi market was valued at 💰 $11.96 billion. It is expected that this figure will exceed 💲 $232.2 billion by 2030. Betting on GMX represents a bet on the continued growth and development of the DeFi market, especially given that it is the leading protocol by TVL on the Arbitrum network, which is yet to reach its peak in popularity.
The fully anonymous team is undoubtedly a risk. However, this also isolates GMX from unwarranted lawsuits. It is also worth considering that the value of the GMX token has risen significantly over the past few months. Sellers may apply significant pressure to lock in profits.
🤔 CONSIDERING THE ABOVE, the picture looks as follows: purchases from 💲$50.
BITCOIN SELL TO $13,000 (MORE BLOODSHED COMING🩸)Sell your Bitcoin! As everyone on the channel knows, even after BTC smashed our original $24,000 target, we carried on holding our sells, which paid off as prices fell further towards $16k. Since then we've seen a correction, but now sellers are ready to enter again📉
5 sub-wave correction (Wave 4) peaked at $25,000 which trapped new buyers. Expecting Wave 5 now to resume towards $13,000 which will psychologically torture most people in the Crypto market over the next 2 quarters.
Uniswap: A Decentralized Exchange with High Potential🔥UNISWAP: A Decentralized Exchange Token with High Potential🔥
Uniswap is not just a decentralized exchange but also a solution to the problem of high spreads for illiquid assets. The project aims to incentivize professional market makers to provide liquidity for slow-trading assets. The UNI token, an ERC-20 token on the Ethereum blockchain, is used for governance of the protocol.
Currently, there are 762,209,327 UNI in circulation, with a total supply of 1 billion. Once the total supply is reached, Uniswap will introduce a 2% "perpetual inflation rate" to sustain the network. The detailed distribution of UNI tokens can be found on their website.
Uniswap: Potential to Surpass Coinbase in Trading Volume
In Bitwise's investor letter dated January 11, 2023, one of the largest cryptocurrency asset managers made a prediction about the development of the crypto industry in the new year. Bitwise predicted that Uniswap, the leading decentralized exchange, will surpass Coinbase, the largest US exchange, in trading volume in Q4 2023 and may never look back. The future is decentralized, and Uniswap is already living it.
In addition, Uniswap's third version of the decentralized exchange protocol will be deployed on the BNB Chain after the vote by Uniswap users. This potential move could increase the user base and expand cooperation with the Binance ecosystem, potentially increasing TVL by more than $1 billion with the addition of up to 2 million new users.
Uniswap's Growth Potential
Uniswap has come a long way since its inception in November 2018, becoming the world's largest decentralized exchange by trading volume. But has the project reached its growth limit or does it still have significant potential?
2022 saw many major centralized exchanges going bankrupt, which led to an influx of new users to the DeFi sphere, where Uniswap operates. The trend toward using decentralized exchanges is only gaining momentum, and in 2023, major Layer-2 networks like zkSynk and Base are launching, with Uniswap set to launch its protocol on these networks.
Moreover, Uniswap is betting on the development of mobile services, recently presenting its mobile app. The app will allow users to trade on the go, making Uniswap more accessible and convenient.
Conclusion
👉 Conclusion: With its innovative solutions to liquidity issues and governance mechanisms, along with its commitment to decentralization, Uniswap has the potential to become one of the most important players in the cryptocurrency industry. Keep an eye on this token! 👀
Uniswap and SP500 Decline: Accumulate UNI Coin at $3.35-$4.20
📉 I must note that Uniswap is currently declining along with the entire crypto market. Additionally, the SP500 is also experiencing a decline, and there is a high likelihood that it will fall significantly in the medium and long term, with a stronger drop than that of 2008.
Returning to the UNI (Uniswap) coin, I suggest accumulating it at the established lows of this accumulation corridor. I consider the best accumulation prices to be $3.35 - $4.20.
Altcoins have already gone through a similar situation in 2018-2019, with 1-2 years of accumulation followed by 1 year of growth alongside or after Bitcoin.
Future of Cryptocurrency Trading: Uniswap and DyDx Leading the Way Amid Tightening Regulations and Bitcoin's Potential $250,000 Price
Looking ahead for the next few years 🚀, with cryptocurrency regulations and taxes becoming more prevalent, many people may leave centralized exchanges due to massive account blocks and the inability to prove the source of their funds. For some time, Uniswap and DyDx are likely to lead in trading. However, Ethereum may also face tightening regulations, leading to wallet blocks for USDT, USDC, Ethereum, and other tokens. In such a scenario, anonymous coins such as Monero, Litecoin (mimble wimble), and Bitcoin with the Taproot system could become a new trend. We shall observe.
Oh, and in the next couple of years, I expect Bitcoin to reach a price of $250,000 due to high inflation worldwide. 💰
$STX/USDT 2h (#Bybit) Rising wedge breakdown and retestStacks seems locally topped here and a retracement down to 100EMA would make sense.
⚡️⚡️ #STX/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 5.0%
Current Price:
0.94020
Entry Targets:
1) 0.95080
Take-Profit Targets:
1) 0.76145
Stop Targets:
1) 1.07745
Published By: @Zblaba
$STX #STXUSDT #Stacks #PoX
Risk/Reward= 1:1.5
Expected Profit= +59.7%
Possible Loss= -40.0%
www.stacks.co
$LPT/USDT 1D (#Bybit) Descending trendline breakout & pullbackLivePeer Token is pulling back to 200MA after breaking the downtrend, a bounce towards Fib 0.786 would make sense.
⚡️⚡️ #LPT/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.8X)
Amount: 6.3%
Current Price:
8.515
Entry Targets:
1) 8.472
Take-Profit Targets:
1) 10.694
Stop Targets:
1) 6.987
Published By: @Zblaba
Risk/Reward= 1:1.5
Expected Profit= +47.2%
Possible Loss= -31.6%
Estimated Gaintime= 1.5 months
$LPT #LPTUSDT #LivePeer #Web3 #DeFi
Will Maker Continue Its Rebound?Maker has rebounded recently, but how stable is this renewed bull run?
What is Maker? Maker (MKR) is a decentralized cryptocurrency that operates on the Ethereum blockchain. It is a governance token used to manage the MakerDAO platform, which is a decentralized finance (DeFi) protocol. MKR has experienced some recent market trends and developments, so let’s the potential growth prospects of this cryptocurrency.
MKR's Rally
MKR has started rebounding from the descending channel that it has been stuck in since May 2021. It broke from its descending trendline it has been stuck in since August 2021, and crossed above the 200 Simple Moving Average (SMA), which acts as mobile support and resistance. These two indicators suggest MKR has turned bullish, and investors should keep an eye on this cryptocurrency.
While MKR had a big day on Wednesday when it increased by 17%, it is unclear whether this strong rally will continue. Currently, MKR is slightly overbought, which means that the price may start to drop or range. Historically, each time MKR reached overbought levels on the Relative Strength Index (RSI), it started falling or ranging. However, it's essential to keep in mind that the RSI can be overbought for a few days, so it doesn't mean that it will change its current trend immediately.
Support and Resistance
If MKR starts retracing, the $700 and $500 support levels are ready to step in and halt the retracement. These support levels have been significant in the past and have helped to stabilize MKR during bearish phases.
On the other hand, if the rally continues, the next resistance stands at $1,700. This level has been a significant support in the past. If MKR manages to break above it, it could lead to further growth in the cryptocurrency's price.
Bottom Line: MKR recently rebounded from the bear market and crossed above the 200 SMA, suggesting that the cryptocurrency may be turning bullish. However, it is uncertain whether this rally will continue, and investors should keep an eye on the support and resistance levels mentioned above.