Chico posted about them partnering with Amazon NFTs today. Its up about 300%. Ive marked out key levels and zoomed in to the local area at play. We may break up but looks like price is forming a range soon.
With current lack of structure to play with, the Anchored Vwap is a great tool. Two points stand out as nice targets while the BTC halving is approaching May 3rd 2024. Polkaswap is doing great things and its the best place bridge over your ETH to buy and sell XOR (Sora) VAL, and CERES ecosystem tokens. polkaswap.io
Rain is fairly new. Shared in the Shibarium/Unification communities with large range daily candles. High volatility and cloud based use case. Not very much history to pull from but we do what we can.
VAL is deflationary. Check here for current supply sora-qty.info This is the token used to reward Validators on the Sora network. A little birdie told me of possible plans with Sri Lanka. No predictions, but if XOR gets adopted, there's a massive surge of support for burning more Validator tokens very quickly through the token bonding curve of XOR and TCBD. To...
so little data to go off of, therefore you take creative freedom. Some pump and dump candles around the golden pockets. order blocks still forming. I think it will be volatile but the marketcap has grown significantly which tends to slow it down. This is a shot in the dark. Look to total markets for guidance.
Shib's long term outlook levels. Volume Profile. Value area high/low. Full range 618 and more local monthly 618. This is one of those charts you look back on a year later and wonder why you didn't do better....except you are seeing it now. Happy trading.
With little to no history its basically fibs and volume profiles. anything can happen. With a current market cap of 597 million and a low circulating supply of 528,273,718 which is 5.28% of 10 billion total supply, we dont know anything yet. Lets see what unfolds as BTC ranges and dips.
Total Market full chart 100% zoomed out Fib from low to high = Golden Pocket 618 at 1.15 Trillion. Guess where we just rejected from? hmmm....
History repeats itself. If the Total (Cryptocap) goes down from 1.15Trillion into the lower range, then i see this scenario being possible. Make sure to watch the total market for "confirmation". Don't just fomo in. The volume profile reveals where the most buying and selling has occurred, the VAH (value area high), the VAL (value area low) and the white line...
Basic analysis. Order blocks and volume profile. Too soon to be massive bullish. IMO we will range till jan 2024 with the Total crypto market with swings in between. Many tokens will dip down to return to current price.
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...
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.