Mummy Finance (MMY) Long mega potentialHello all perpetual lovers, this one is for you?!
And it’s a risky one - Mummy Finance (MMY)….
but Mummy Finance checks all the boxes for potential exponential growth (as I see it).
This perpetual exchange lives on Fantom network. I think many traders on Fantom network (including me) are waiting for a great perpetual Exchange - and here it is!? Mummy Finance is a fork of extremely popular GMX exchange (Arbitrum network). The look and feel is great and everything about Mummy gives me smell of success - no financial advice.
When it comes to TA, we have almost no historical data. We can see a big explosion in price the last days. But I really don’t think the potential future exponential growing is priced in….All things considered increased traffic on homepage/twitter, trending volume, NFTs, staking possibilities isn't priced in.
The most impressive key indicator is the revenue. $346,399 Dec 21st. Over 100K last 4 days!!!
If a it comes a big pull back, I really think it could be a good time to take a small bet. But please do your own research!
C-FORK
No doom, gloom or pivot. Just one aliens TA.An alien trader landed on earth and was given a chart of the combined** US indices (futures). Luckily, and not coincidentally, he knew TA.
He had never heard of people like J.Powell and J.Cramer, or places like China, Ukraine and Russia.
this is what he saw:
Bullish:
- Broke out 'above' the main diagonal trend (bullish)
- Made a Higher High (bullish)
- Note that, on a VERY high TF, the Bull market rides on and up (see "Higher Range Frame" box)
Neutral
- Has arrived at the key POC (neutral) and is sandwiched between zones of lower past volume (LVN's)
- The 100MA/400MA was moving towards a "neutral cross" (the midpoint between the MA's is flat and not changing)
Bearish
In higher time/range frames the index has not made a new swing high. (see "Higher Range Frame" box)
NOTES
**There are multiple ways to merge ES, NQ and YM, as well as alternative indices like $NYA and Wilshire 5000. The *best* option depends on what it is used for (ex. a sphere is a good model of the earth for the astronomer, but not for the mountain climber). A simple average (ES + NQ + YM)/3 is ruled out because one point has a different value for each index. To address this, each index is weighted so that a 1 point change will imply the same change in $ terms (For weights see www.barchart.com
Alternative criterion for weighting include capitalization, number of stocks and beta weighting.
[i Epilogue - After watching a TA channel on You Tube for 5 min. he departed abruptly pausing only to grab a clean towel. He is believed to be following in the dolphins footsteps.
🔥🔥🔥 #ETHUSDT Buy Start of global growth! Toothemoon!tart of global growth! Toothemoon!
Vitalik Buterin stated that - "The merger will reduce electricity consumption worldwide by 0.2%"
In addition, technically, on the global daily Divergence chart, on the basis of which my assumption is built that we are at the beginning of a global growth towards the price of 6000 per ether.
This screenshot does not show the whole idea, but only part of it.
⚠ * This idea is not a trade recommendation.
September 13 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Glassnode, the total value in the ETH 2.0 deposit contract reached an ATH of 13,638,560 ETH. Bitcoin is up 2.55% over the last 24 hours and rose to an intraday high of $22,494.42. The cryptocurrency market and the traditional equity market have rallied since 09 Sept, suggesting that the investors believe the inflation has peaked, and the market has priced in the possible 75 basis point hike in the next FOMC meeting. The U.S. August consumer price index (CPI) will be released today at 12:30 UTC, and the market expects August CPI (YoY) declines to 8.1% from the previous 8.5%. If this happens, the BTC/USDT pair could attempt a rally to the overhead resistance at $25,211. Conversely, if the figure is worse than the expectation, the recent rally could be ended.
Today’s Cryptocurrency Headline
Ethereum Completes Last Shadow Fork
Ethereum research and engineering firm Nethermind has confirmed that the transition in Mainnet-Shadowfork-13 — the last shadow fork — was successful, indicating that the network is ready to migrate to a proof-of-stake (PoS) consensus mechanism. Testnets allow Ethereum developers to practice functions such as running nodes, deploying contracts, and testing infrastructure. Thus, shadow forks allow developers to evaluate network upgrades before they happen. As part of the upgrade, the community needs to update the Ethereum client and run a combination of execution and consensus layers.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Real gold is not afraid of the melting pot! Gold Weekly :)Hello fellow gold traders!
ive been busy (not to say lazy) lately and did not publish, im gonna go abit hyperactive and make up for my absence ;)
lets start where it should start and take a look at weekly, as you can see price hit the ATH of 2070 which was for a long time out of reach. and as expected, the volume on that candle equals the sum of all the volumes that came before, signalling a more than probable fall. things cant always go up , right ? ;)
Now we take a look at that falling side in more details to have a chance of seeing where it might go....
first falling algo, as you can see, correted to its 0.618 fib at around 1999 and then went staright to the first algo target at 1849 and then to the second at 1786. too perfect right ?
next algo could not correct for more than fib level 0.45 as the hope for any new ath disappeared and was replaced by the fear. and then went down to first target 1739 but abit short of second target at 1666( fib level -0.618) the move stopped suddenly at only 55%, which is a well known historic support since APril 2020.we will see this level in more details later on.(yeah , lets make this idea 100 page long! XD )
third move was more classic, going to golden zone 0.618-0.65 fib level at 1800-1807 and then head diving, reviving the hope for bears now having targets at 1636 and 1568 (fib levels -0.236 and -0.618)
but we have the historic level of support at 1680 blocking the bears target. this level has been tested 4 times, which lets us wonder what will happen in 5th try....
adding some fork might be of some help in this golden mess ;)
well, downward as we imagined, and under the median, which suggests going for the next parallel probably.
and that second target at -0.618 fib seems to have structural influence too as you can see:
this area has been an important zone in past price reactions too if you move back in chart
all that together, the probability of moving for the unbelievable , out of reach flashy target at 1555 ...ish increases alot!
which could complete a nice ABC (Bear with me XD im new to EW! :P )
adding the weekly rising fib from 1046 to 2070 adds the confluence of fib level 0.45 , which is a common failure to reach the desired 0.5 level, in this zone too.
we have enough confluence at that zone to be able to consider it as a probable target while still keeping an eye on that 1680 lulti wick zone.
And keeping in mind that its gold, as capricious as any other golden creature we know ;)
Wishing you all the best of the best in everything.....and in trading!
Onviously not a financial advice, do i look like your banker ? XD
Have a great sunday....and always pass a wink to your left ;)
CL1! - Crude Oil To The CenterlineIt looks like my prior post is playing out.
In this dayli chart, we see that price got rejected from the white L-MLH. And now is trading back into the red Fork.
This means, chances are super high that Crude Oil will reach the red centerline. From there a bounce is possible.
#pitchforksaresomehowmagic
STEEM - unexpected pumps.STEEM along with it's hard fork HIVE sometimes does parallel pumps and these are not-so-much influenced by BTC /NASDAQ. I've deliberately chosen Bittrex exchange. You can take advantage of really small volume on most alt coins, the sudden high wicks are closing your deals in profit. (clearly visible on hourly charts)
NQ - Nasdaq to the southThis is a major pattern I know for a long time.
Wash & Rinse, push back again to scare the week hands and then take off in the opposite side again.
I post this chart as a "empty" chart on purpose. And I will follow up with the market included.
Just step back a bit from your screen and soak it in.
Then analyse the follow up charts.
This will be a wonderful learning experience.
T'care out there
Bitcoin 1h: Bearish Chubashov ForkChubashov Forks are really useful and widely unknown.
In this case, the fork is saying BTC is going to fall about 5% to 0.618 as you can see on the chart. I'll update this if it hits the target in the next hours or so.
Ethereum EIP-1559 "London Fork" UpdateEthreum has now entered into the accending channel now at the 3,100 price level. It is now rejecting the perfect middle/center of the channel, meaning the TA is working.
RSI is overpriced therefore a pullback is normal.
BTC has broken the 42,000 lvl and we saw a good run in the Alt space.
Ethereum continues to burn 150-180 ETH per hour, bringing positive news, for the mid to long term.
Now that we are in the ascending channel you can use it as your support and resistance. Pay attention to Bitcoin as it is still meaning runs and dumps in the crypto space.
Smogster...
Ethereum EIP-1559 "London Fork"Ethereum is attempting to enter back into the acceding channel. Update made a positive move.
Watch out for rejection from this level as we are Over Priced on the RSI and hitting the trend line.
Eth was able to break the 2,500 Lvl unlike BTC having trouble taking 42,000.
We really want BTC to break 42,000 and hold to see good gains in ETH and Alts.
This update will bring ETH to an all-time high in the mid to long term. Due to Eth burns and cheaper gas fees. Shorter-term anything is possible if we have a dip, btd.
Smogster...
ETH Time to ShineBased on the long wick on the bottom of the current candle, ETH has tremendous buying pressure below the now broken resistance of $2600. A quick look at BTC and its consolidation below its resistance gives ETH a golden opportunity to make stronger moves. When BTC finally ends its bull flag formation it singlehandedly will bring all altcoins up with it, it is a win-win situation for Ethereum. A strong close above the channel will be even more signal for bulls to rally. Wait for daily close.