Listed two months ago on Binance BINANCE:RONINUSDT have some potential to go up to $5 in the next 20 - 30 days. I am expecting price to reach inside the box (60 - 90% Fibonacci level) for accumulation meanwhile the invalidation level for short term holding is the previous low. If it breaks it will give us more information for further interpretation. Stay...
Considering the bearish CH and following the flow of bearish orders, it is expected that the price will move towards the indicated TPs.
Also, at the bottom of the chart, there is a liquidity pool (which we marked with $$$) that may be swept.
The targets are marked on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For...
RON/USD (Ronin) formed a potential rising wedge pattern. It keeps growing every time it bounces back up from this ascending trend, but after a breakout to the downside, we can see a 25-50% drawdown. The money flow is also going to the downside. Be aware!
Price finding support above the middle green trend line of the larger overall structure
A handle like structure forming leading to continuation
The overall structure is kind of like a huge angled double bottom or W
Bullish
💎 Paradisers, get ready for an exciting journey with #RONUSDT! It's currently making its mark in a demand zone, hinting at a promising bullish path ahead.
💎 Recently breaking free from a descending channel, #RON is on an upward trajectory. At this point, #RONIN is gathering steam for a bullish surge from the $2.662 demand zone, aiming to push past significant...
Ronin: The Next Step in the World of Blockchain Gaming 🎮
Ronin is a blockchain built on EVM, designed for developers who aspire to make the economics of games owned by players. These ecosystems, combining community, leisure, and economy, are now known as digital nations.
Sky Mavis, the team behind the revolutionary game on the blockchain, Axie Infinity, has...
RONINUSDT.P is in bearish trend.
Potentially printing LH and LL .
Bearish divergence also form.
Double top reversal pattern also form.
Sellers are strongly active .
We short at CMP.
RON/USDT Is compressed inside the triangle. By breaking above the pattern, it can continue its upward movement.
Strong supply area inside the flag pattern, Im buying!
Token unlocks
A bullish sentiment has dominated the start of the new year, with Bitcoin up 39% since January 1. With token unlock events going live, some prominent altcoins are also gaining ground, with BTC prices rising.
Axie Infinity (AXS), based on Ronin, surged by 40% before releasing $64 million worth of AXS-locked tokens. The decentralized derivatives...
Don't think I'll take this trade (simply because I think there are better trades out there), but I like the thought-experiment around $RON staking coming early next year, what that means for $AXS outflows and where price could go. The fib extension and 10 cents price marker represents a further and healthy 50% drop, and if the timing is right, potentially seeing...
$RON has formed a cup and handle pattern and supported with the indicator showing long, from $0.3777, TP - $1.761, SL - $0.3003. Largely dependent on #BTC movements in the coming days or weeks.
From the Wall Street Journal:
"U.S. law enforcement linked the Lazarus Group, an online crime syndicate connected to the North Korean government, to the $540 million hack of the online game Axie Infinity last month.
The theft, infiltrating the network upon which the game is run, was one of the largest in the 13-year history of cryptocurrencies. The perpetrators...
