AUCTIONUSD trade ideas
AUCTION's bullish trend is coming backAUCTION/USD (Bounce Token Finance)
Sector: DeFi / Decentralized Auctions / RWA
Market Cap: $105M
Bounce Finance is building the infrastructure for decentralized auctions for Blockchain and Real-World assets and collectibles. The project looks very serious and is supported by a lot of investors such as Binance Labs, Coinbase Ventures, Pantera Capital, and many more.
Although the project reached a new capitalization record in December 2023 at almost $300M, almost doubling its record of 2021, it is now at $100M and is not yet a large-cap project, so still has strong upside potential.
Graphically, we can see that the Bear Market's accumulation was surgical, and the price skyrocketed towards the end of 2023, testifying the interest from more and more investors.
Today, we have a great buying opportunity, since the price has fallen by over 60% since the then to test the former resistance level, which shows no sign of giving way. We also note that we are accumulating in a "Descending Wedge" pattern, which is a bullish continuation structure and will be confirmed once we close above the downtrend line.
PERPUSD TargetI am currently in bullish. :-) I like the trend. Excited to see this one pump. But I won't be in forever...
Buy low, sell high. create gains... :)
AUCTION/USDT 1 -DAY TF LONG I have been trading AUCTION since it dove into the $4's
In and out on the high's and low's.
Current SL on AUCTION is $14.06
Which is in Profit for me.
My ultimate target is $35 closing 75% of my position there and holding the last 25% towards the $40-$50 Range
Bounce Finance Governance Token (AUCTION) - On the above 2-day chart price action has corrected 80% since mid-October. Ouch. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal prints.
2) Broken RSI resistance
3) Price action is on past support / resistance.
4) The 2-day BTC pair also prints a buy signal with broken MFI resistance.
5) Lastly, volume. I don’t know why, there’s consistent volume no matter the exchange, coinbase pro, Binance, someone / some group is accumulating.
Is it possible price action falls further? Sure.
Is it probable? No.
Target area $70
Good luck!
WW
2-day AUCTION / BTC pair
$BOUNCE Found Bottom. Long incoming. Seems $BOUNCE has found it's bottom. We hope. If breaks up. This is the route it should take. Good luck.
AUCTION bought at $10.30 Exp.Target $12.20 or above in 13 daysAUCTION BUY SETUP
AUCTION bought at $10.30
Expecting target & timeline
Will go above $12.20 within next 13 days
Its not a Financial advice
Regards
AUCTION (AUCTIONUSD) Daily tf Range Updated till 20-3-22AUCTIONUSD daily timeframe range, to be honest price action is mess on this alt of course i blame that to the p and d groups. i mean you can easily spot what happened here the amount of wicks speaks for itself. but hey whatever goes down will go up same goes to whatever goes up. now this chart, this is a high risk and reward alt. if you check the past data you can see there are some insanely profitable intraday setups from both sides.
AUCTION - MACD Showing Hope? What's Happening Next?Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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AUCTION got rejected at the Red Horizontal Resistance Bar since 2 days ago and has not recovered and dipped towards 11.62.
What's next for AUCTION?
A. Further dipping could bring AUCTION towards its previous low at 11.62. There's practically nothing underneathe AUCTION past 11.62 and it could be a free fall like it has done since escaping the Falling Wedge on the 20th of January 2022.
B. AUCTION could consolidate (go sideways) from here.
C. AUCTION could do a U-Turn from here and go vertically to re-test the Red Horizontal Bar.
MACD: Signal lines maitains its position above 0.01896 and could potentially create a bullish divergence if price pushes back up.
Stoch RSI (1Day FTF): Oversold Region, has a bullish momentum.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
AUCTION - Breakout Imminent==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy AUCTION , nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
AUCTION is still below the 12EMA and the Red Resistance Trend Line.
A breakout could ensue this week and the breakout could either be to the upside or downside, but the MACD has a Bullish Divergence and the Stoch RSI has crossed Bullish and is coming from the oversold region.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
Happy Yuletide Season!
More power to all your trades, my friends!
Ron
Intrepid_Trader
AUCTION headed to $39?AUCTION is getting near the end of the trend line. It could still bounce off and go lower. BTC/Crypto market as a whole is currently giving me heartache.
AUCTION has a history of bouncing off the bottom trend line and running up to the middle trend line before retesting. If history repeats itself there's a good chance it will run to $39+.
Other Reasons Why I like it:
Its at the end of a triangle
There are large green candles on the Volume Indicator. The last time that happened it pumped.
The Daily & Weekly STOCH is rounding up
The Daily & Weekly VWAP has rounded up
The price has been in heaving consolidation around $24.50 for a week now
Auction bounce Token going to $8 bounce token has great potential because of it is relationship with nft sales, but with the current conditions i am expecting this coin to drop to $16 and if it didnt hold we may see it go to $8.
BOUNCE UPDATEI believe that was big enough of a shake out. Heavy consolidation // huge news coming. This company isn't even legal in America Yet but already secured a New York Bitlicense,, all of this points too a coin base NFT partnership or something just as big. I expect this too break sub 100$ quicker then most are expecting, current circulating supply of 4 million puts this at a 110 Million Market cap (CMC and gecko are incorrect , they need too update) this should easily be at a 500 Million plus market cap once news rolls out. Any cryptos with a bit license in New York , there's a reason for it
Another take on Auction Bounce. Series of falling wedge. Bounces back up after touching bottom of GC.
Target price: 80~
auction technical analysisHistory shows once it hits the gaussian channel support line, moves upward. Needs to break through 40 and 50 line that has been pushing the trend down.
Bounce CB doesn't show full price history but this was 11$ in the summer ... looking to get filled around 16$ and ride this up with the coinable NFT hype.
SIMPLE as that The ole bounce and go. A favorite of mine. Should see a good 15% + bounce if this plays out. Reminder to take some profits.
TO BOUNCE OR NOT TO BOUNCE, THAT IS THE QUESTION..
Bounce still looks like it has some life in it, right?
Overall, the chart looks good. When crypto has a massive push, you can always count on it to consolidate. Unless it is something that is revolutionary, but even then it has to have a cooldown. Bounce looks like it is about to go. All the signs point to yes on my side, but of course, be cautious and make sure you have a strategy before you get in. Y'all have a good one, and happy Holloween.
Bounce Plot.Lot's of potential upside here, coin is fairly new and already on top exchanges so liquidity is not an issue, is part of the metaverse/Nft macro trend and should be a large beneficiary of this movement, I would not be shocked if this does crazy numbers like 100x in 6-12months.
AUCTION slowly creeping up?Looks like a bit of a trend here. Price is too far below moving averages and not weak enough. Trying to breakout?
AUCTION - Prepping For A Blast Off!Falling wedge breakout!
UPT: 46.25 (Red Bar)
MACD: Bullish Divergence
Stoch RSI: Oversold Conditions
DPT: 41.32 (61.8% Fib)
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Big upside potential, must confirm supportSetting an entry down at .618 level, however if it drops below the .618 this coin will become a bust and most likely not gain any momentum until the next bull cycle (after BTC dumps to 20-30k). Been trading this one on the way up, and the swings have been beautiful. Very predictable, nice volatility and decent liquidity.
