Convergence Finance Protocol (CONV) - 50x potential
** An idea based on fundamentals and a little TA ** Please do your own research.
As an accredited investor I’ve been afforded the opportunity to take positions in certain projects long before they took off, Filecoin, Blockstack.. to name a couple. I’m lucky to have access to a thinktank doing the research for me, but at the same time it is frustrating so many are not afforded those early opportunities. It is unfair world we live in.
Convergence Finance Protocol is, in my opinion, doing what security tokens failed to do when they promised so much. I recommend you head over to Coinbureau for the full breakdown, but in conclusion:
www.coinbureau.com/r...convergence-finance/
“Convergence is a cutting-edge project that aspires to completely revolutionise and reshape the way users engage with real world and crypto-native asset exposure. The project forwards an alternative approach to decentralised digital asset trading and seeks to break down the boundaries separating the isolated illiquidity of Security Tokens and the ultimately liquid environment of DeFi Utility Tokens.
Convergence furthermore tackles some of the issues characterising the traditional and decentralised financial ecosystems such as the non-democratic nature of early-stage investing and the exclusivity of crypto VC funds at pre-ICO and private-sale levels. With Convergence, TradFi and DeFi can merge to synthesise an ultimately dynamic, flexible and rather unprecedented financial infrastructure that eliminates the previous complexities and facilitates interoperability and cross-asset composability between its in-house WSTs and DeFi UTs.”
I can confirm, there’s been and is still projects I can get exposure to long before and ICO or trading was made available.
What of the TA?
Now there’s absence of data here, generally I need a year of data. Instead there’s 7 months worth. However that said there’s all the signals I’d look to identify currently present, which I’ll discuss shortly.
Market capital is around $30m. Perfect. Strong signals + low market capital make for outsized returns.
Listed on major exchanges? Not yet. But FTX is fast becoming what Binance was in 2017..... The Kool kids.
Does this project have world wide appeal? Not tied to any one country? Absolutely. Accredited investors, I’m just speculating here, but knowing the requirements to become one immediately removes great swaths of the populated countries of the world. That has to change.
On the above 1-day USD (left) and CONV/Bitcoin (right) charts we have 90% corrections from early April. Now is an excellent to be long. Why?
1) ‘incredible buy’ signals on both dollar and BTC charts.
2) Higher lows everywhere.
3) Regular bullish divergence on the BTC chart. In fact 7 oscillators are currently showing divergence with price action - fantastic!
It is possible price action falls further? Sure.
Is it probable? Not likely.
Good luck!
WW
As an accredited investor I’ve been afforded the opportunity to take positions in certain projects long before they took off, Filecoin, Blockstack.. to name a couple. I’m lucky to have access to a thinktank doing the research for me, but at the same time it is frustrating so many are not afforded those early opportunities. It is unfair world we live in.
Convergence Finance Protocol is, in my opinion, doing what security tokens failed to do when they promised so much. I recommend you head over to Coinbureau for the full breakdown, but in conclusion:
www.coinbureau.com/r...convergence-finance/
“Convergence is a cutting-edge project that aspires to completely revolutionise and reshape the way users engage with real world and crypto-native asset exposure. The project forwards an alternative approach to decentralised digital asset trading and seeks to break down the boundaries separating the isolated illiquidity of Security Tokens and the ultimately liquid environment of DeFi Utility Tokens.
Convergence furthermore tackles some of the issues characterising the traditional and decentralised financial ecosystems such as the non-democratic nature of early-stage investing and the exclusivity of crypto VC funds at pre-ICO and private-sale levels. With Convergence, TradFi and DeFi can merge to synthesise an ultimately dynamic, flexible and rather unprecedented financial infrastructure that eliminates the previous complexities and facilitates interoperability and cross-asset composability between its in-house WSTs and DeFi UTs.”
I can confirm, there’s been and is still projects I can get exposure to long before and ICO or trading was made available.
What of the TA?
Now there’s absence of data here, generally I need a year of data. Instead there’s 7 months worth. However that said there’s all the signals I’d look to identify currently present, which I’ll discuss shortly.
Market capital is around $30m. Perfect. Strong signals + low market capital make for outsized returns.
Listed on major exchanges? Not yet. But FTX is fast becoming what Binance was in 2017..... The Kool kids.
Does this project have world wide appeal? Not tied to any one country? Absolutely. Accredited investors, I’m just speculating here, but knowing the requirements to become one immediately removes great swaths of the populated countries of the world. That has to change.
On the above 1-day USD (left) and CONV/Bitcoin (right) charts we have 90% corrections from early April. Now is an excellent to be long. Why?
1) ‘incredible buy’ signals on both dollar and BTC charts.
2) Higher lows everywhere.
3) Regular bullish divergence on the BTC chart. In fact 7 oscillators are currently showing divergence with price action - fantastic!
It is possible price action falls further? Sure.
Is it probable? Not likely.
Good luck!
WW
Trade active:
Resistance on the daily was broken, 1st resistance to test 4 cents.
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Up 40% in 8 days, amazing. Price action is now at resistance for the 3rd time. A break of 1st resistance @ 4 cents will see price action move to 9 cents. After 9 cents there is no more resistance, just price discovery modus.
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Price action confirms support as multiple oscillators show bullish divergence with price action. A good long entry point with the recent dip.
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Bullish engulfing candle prints on daily chart (below) as price action test support on past resistance. Excellent.
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Yup price action down 90% almost since publishing, welcome to Crypto. Don't let that put you off however the idea remains valid with a significant bullish divergence.
Currently 10 oscillators are printing bullish divergence with price action on the 3-day chart including volume.
Currently 10 oscillators are printing bullish divergence with price action on the 3-day chart including volume.
Comment:
Very impressive weekly chart following the close of the weekly candle, bullish divergence with stochastic RSI crossing up 20 (purple circle) and volume. Is there some news? I've no idea..
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Might be a good moment for this one... A healthy 10% pullback in BTC price action during a uptrend is very typical. That is now achieved. Where is the exact bottom? No idea, however a number of alt-tokens have corrected 30-40% in that move.
On this one a 'incredible buy' is printing on the lower time frames.
Remember the 3-day chart - a 10x here for the cool heads.
On this one a 'incredible buy' is printing on the lower time frames.
Remember the 3-day chart - a 10x here for the cool heads.
BTC
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Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
The 4 cent resistance thus far appears to be not offering that much resistance with the volume appearing. 9 cents is the next resistance.