so simple , will long.The correct way to draw a line is to extend the cost position of historical capital games. Of course, there are techniques to draw a line, and it is important to go long at the support level
BONEUSD trade ideas
Liquidity conceptLiquidity area act as a turning points.
Buy when things are low, don't chase the hype.
BONEUSD Don't rush on it yet. Buy in October, it's scripted!BONEUSD / Bone ShibaSwap is having a strong 2 day bullish streak and is near forming a 1day Death Cross.
We don't see this as a long term buy opportunity yet as not only is the price still under the Falling Resistance but hasn't yet hit the Rising Support of the long term Triangle.
In order to confirm the new bullish sequence, the price needs to cross over the Falling Resistance and typically close 1day over the 1day MA50.
Wait for a buy in the lower regions of the ellipse which can be timed after mid-October and target the top of the Triangle at 1.6000.
Using the sine waves you can see how consistent the timing of the tops are, it makes you even think that it's scripted.
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BONE target if shibarium release hype hits in Q3 A target of $7 per token would put the value of Shibarium at about 2.1B
Where the hype goes after that depends on the direction of the project.
My thoughts are that I hope the focus on NFT gaming/metaverse stays strong and that the NFT market place on the chain sees good volume. Could support an active chain and nFT's are engaging enough to keep the community interested. Would be awsome in Robin Hood NFT trading through their defi wallet or in their platform was done via shib.
otherwise this is just another evm and hype will fade and returns will be average. I am not particularly bullish on L1 and L2 chains outperforming the general market this cycle only a special few.
BONEUSD Excellent buy signalBone ShibaSwap (BONEUSD) has completed a 6 day bullish streak following the rebound on the Symmetrical Pivot Zone. The RSI Lower Highs sequences, as well as the Higher Highs that preceeded them after the rebound on the Support Zone, show that BONE is replicating the December 2022 - February 2023 bull run. As a result, this is an excellent buy opportunity to initially target the 1.9750 Symmetrical Resistance.
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Bone Order Blocks Daily Chart Money flow has been going down.
We may see a bounce soon but I think it will drive down further after.
My opinion is that we will accumulate along side BTC and the TOTAL market until Jan 2024.
With that said. You really never know with the Shib army. Wild things have happened before. If they release new hype you could see volatility with low marketcap ecosystem tokens such as Leash, Fund, Xfund, and Bone.
$Bone ties with $SHIB is GOODJan 5th we spoke on $BONE
"Like $BONE, have some
Has outperformed its daddy $SHIB lately
Much smaller mkt cap, great fully diluted & significantly smaller supply
Still way off from highs
IMO if not in, buy on pullbacks
Weekly looks healthy
TODAY
$BONE still pumping
$SHIB #BONE #crypto
