Well guys and gals... I am here to PERP you up!... Wait that didn't sound right... How about lets just say this Perp is fixing to Pump!... Wait, Hold on... well you get the idea... sigh... Almost a year of Long tight accumulation after a massive bullish harmonic... Lets do the math together!
Obv paints a picture
Bullish divergence from that falling wedge accumulative-y looking structure with the bullish obv trend
Fits new dex narrative after exchange insolvency narrative
.618 mid term target
Depending on the last trend and the study PERP shows an interesting view for an increase.
The data shows that there is a possibility for an increase coming time this coin.
PERPUSDT can show even a breakout trend.
we will follow it.
Two scenarios here.. but first!
First we touch the fibonacci extension down at .226
From there, I anticipate a bounce up to either the 38%, 50%, or 68% retrace levels of the inverse fib.
From there:
Scenario A: If the 88% level is broken, I think it's safe to say the bottom is in and PERP is now officially back in bullish territory.
Scenario B: If the 88%...
Last several months were brutal already, making us a bit sceptic about further lows as how long can this go ?!
But also a big chunk of the market is really focused on catching really low prices, accepting the way we are going. That would be too easy. Here we landed on great support and we are close to the top of the descending channel. It looks like a breakout to...
For the next bull market cycle, I believe the derivatives sector, synthetic assets, equities, commodities and FOREX can provide an above-average exponential gain.
That's because the blockchain and cryptocurrency market tends to swallow the traditional market (I didn't say that... it was a trader with 30 years of experience who abandoned the traditional...
weekly
close on top of S2? S2 because big volume on this line
9EMA holding?
middle channel line turning into resistance ?
MACD green RSI taking a breather
what about OI and FR ?
keep watching
The upward momentum at the 1d and 4h levels of PERP remains good.
Its price is closing in on the weekly pressure of 1.6+.
From the perspective of price form, it has completed a breakthrough and stepped back, and the target is equidistant space.
Here you can do the operation of taking advantage of the trend to buy and do more, and the stop loss is placed below the...
Hi dear friends, hope you are well and welcome to the new trade setup of Perpetual Protocol (PERP) with US Dollar pair.
Previously we had a nice trade of PERP with BTC pair.
Now on a 4-hour time frame, 1INCH has fored a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and...
See chart ^. Looking for a breakout of this bull flag. Totally bottomed out based on inverse fibonacci. Looking to trade up to weekly price levels
*Not Trading Advice
PERP is having a pretty good support at $0.6-0.7, if it holds, it will probably continue its uptrend with a Broadening Rising Wedge pattern to advance to $1.2 or even $1.8 in the end of July and beginning of August.
Strong buys on May 24, June 22 and July 11 show full potential for PERP for a medium-term target of several months.
However, we should be careful in...
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Hello everyone👋
Let's analyze the PERP chart
I expect a short-term upward movement on the breakdown of the countertrend double line ($0.738 level) to local resistance ($0.880 level)
