SHRAPUSDT trade ideas
SHRAPNEL easy x2 in short term On my chart you can see that price found support level after 2 months pullback and now we see reaction. Also I see divergence on h4 timeframe. Price left liquidity compression with red OB and Imbalance , at first I want to see price going to red block and next making ATH. How higher it can go I don't know, but I know that big venture Polychain Capital supports the project, it is the first blockchain multiplayer shooter with 8% circulating supply, I think it may pump easily.
New GamingDefiI’ve been getting into more GamingDefi. I found this new “call of duty” style game on Epic Games. Launcher for games likes Fortnite, Dauntless, Rocket League called Shrapnel. Token $SHRAP; $60m market cap, 3b total supply. I think this game has potential, I recently bought a pack to access gameplay there’s 3 tiers, more information in the link. Unfortunately there were some hackers so playing isn’t allowed atm so if you are thinking of playing hold off and I will update back when it’s good. If they give me a free code, stay tuned!
SHRAP trying to break above weekly OBShrapnel is the first AAA FPS in web3 with an outstanding US-based team and strong community.
Update on SHRAP - it's been recovering nicely after a 60% retrace, and now is trying to break about the weekly order block previously set on it's initial run up, clearly helped by AVAX's recent pump.
SHRAP may encounter resistance here and retrace before it pushes above this significant level. If/when it does, expect ATH / price discovery soon after.
Happy Trades,
CD
SHRAP is a AAA web3 game token on Avalanche. Nuff said. Shrapnel is a AAA web3 FPS building on an Avalanche subnet - Items and characters are NFTs, and they just launched $SHRAP, which will power the whole economy inside the game. They have industry veteran team (some of whom I've had the pleasure of interviewing) and they are based in the US, in Seattle. Oh yeah, and their version of "influencer marketing" is Arthur Hayes regularly shilling the project on twitter. I'm serious.
Since launch, SHRAP has been on an absolute tear. I'm doing some scalp trading, but will also be buying and holding spot because I believe this is just the beginning. The web3 gaming narrative is a strong one this cycle, and with EURONEXT:AVAX pumping to the moon, savvy traders will be buying the most promising projects on that chain. In that sense, SHRAP has both the gaming narrative and the alt L1 meta cycle working in its favor.
As for technicals, it seems to be printing a bull flag after briefly touching the .5 fib but getting bought right back up again. Bullish.
I've been following this project for over a year and all I can say is that I wish I trusted my own alpha. Time to put my money where my conviction is.
happy trades,
CD
SHRAP Price Surge Alert! The Path to Financial Freedom Starts## SHRAP Coin: Short Fundamentals, Recent News, and Disclaimer
**Fundamentals:**
* **SHRAP:** An inflationary token launched alongside the BombSwap decentralized exchange (DEX).
* **Launched:** July 2023.
* **Market Cap:** ~$70 million (as of Feb 27, 2024).
* **Rank:** #497 on CoinMarketCap.
* **Unique Features:**
* Initially used for liquidity provision and farming rewards on BombSwap.
* Currently not generating new tokens (emissions are paused).
* Planned to be the farming token for Bombswap v2 (future development).
**Recent News:**
* **Feb 23, 2024:** SHRAP experiences a 78.30% increase in daily trading volume, suggesting renewed interest.
* **Feb 15, 2024:** SHRAP becomes part of the MCLB DAO umbrella, focusing on governance token staking.
* **Dec 2023:** Emissions of new SHRAP tokens were paused, resulting in a fixed supply.
**Disclaimer:**
* This information is for educational purposes only and should not be considered financial advice.
* SHRAP is a relatively new and volatile cryptocurrency.
* Do your own research before making any investment decisions.
**Additional Notes:**
* The recent rise in trading volume could indicate potential speculation or renewed interest in SHRAP.
* The integration with MCLB DAO and the fixed supply could be positive developments, but their long-term impact remains uncertain.
* It's crucial to understand the risks involved in cryptocurrency investments before investing in SHRAP.
I hope this information is helpful! Please be aware of the disclaimer and conduct your research before making any financial decisions.
Shrap forming a momentum trendThis is my favorite style of swing trade, a token or stock that has proven hype and momentum, a correction down, allowing time for a standard fib retrace to be drawn. Then, another formation of a momentum trend line, we are testing the golden fib here which is bullish, it could take a few attempts to push through. 33 cents short term, new all-time highs medium term. I expect avalanche gaming tokens to push very hard in this coming cycle.
SHRAPUSDT longT=0.53$
The Adam and Eve chart pattern represents a distinctive formation that indicates potential trend reversals in the market.
Characterized by a sharp, V-shaped ‘Adam’ peak followed by a more gradual, rounded ‘Eve’ trough, this pattern is a key tool for technical analysis.
Traders often use the Adam and Eve pattern to identify buying opportunities, with the completion of the Eve formation signaling a possible bullish turn
SHRAP LongSHRAP is currently consolidating between both down ⚡trends and up ⚡trends lines. From this moment forward depending on which way the price will move (either abover our trend lines or beneath them) we may see strong price movement to either direction. Our RSI is currently sitting at the 50 range aswell indicating it could go either way. However, given that this coin is built on 🔴avax and it has had a strong pump over the past week this gives us more bullish signs on this coin. Stay tuned and keep at eye out on SHRAP today.
🧙♂️ CoinSpell 🧙♂️
🔔 Trading Signal Alert 🔔
📈 Crypto Pair: SHRAP:USDT
🎬 Action: LONG/BUY
💰 Entry Price: 0.3
⏰ Time: 07:00
📅 Date: 17th of December, 2023
Shrap looking to reverse ( on avalanche)Shrap is looking to reverse, the supertrend last time it flipped bearish on this token lasted about 3 days. We are about that point, and the EMAs are looking to even out. A downward trend is noted with heavily dropped volume. I do not expect the token to fall below the red dashed line for long but it is possible. More likely would be a retest of the light blue fib and another attempt at an upward run.
Shrapnel (SHRAP) want stop!? - longVery simple idea, 2-simple?
Shrapnel looks super strong and healthy. I buy and sit on my hands for a while. I think it's possible to ride on SHRAP for months from now.
I wan't wait for more hype :) or deeper pull back!
The twitter chart goes parabolic (measure it day by day). Sometimes this is early signs what's coming with the price.
Shrap broke momentumShrap broke the momentum and was rejected at the fib extension and has the current fib as support. The high grade momentum has been broken for the time being (teal line). Volatility and volume are cooling off as traders rotate into AVAX which is pulling a Sol level multi day pump right now. If BTC behaves I think we see a rotation back into the Avax ecosystem, mainly 3ull, beam, joe, shrap. That 1$ shrap is closer than people realize.
Shrap, textbook momentum Shrap is exhibiting a textbook momentum setup. The pullbacks are in a nice trending line, not too fast, not too slow. An overall upward trend is forming with growing rSI. Fib extensions have been respected for the most part. The 4-hour demand is rather large with the indecisive red candle with the long wicks to either side. Avalanche gaming and gaming in general has been on a major upswing, BSE:SUPER anyone? A play one could do is the enter the token on the breakout of the downward trendlines, and sell on the start of the next breakdown. I choose to simply enter based on narrative and momentum and sit tight. With this trajectory, taking another correction into account I think we see .45 $, the next fib projection in 10-12 days.
Shrap taking more fib extensions Shrap is a gaming token on Avalanche, as you know I am a huge avalanche enthusiast and bull. Shrap has been respecting fib extensions pretty decently despite being a newer token. The golden fib .5 is pretty important for momentum signals. Shrap needed the previous consolidation phase that was seen a while back and is looking to put in new fresh highs. Volume is decent and RSI is heating up. I expect 3 cents soon the way momentum is shaping up.
Shrap (on Avalanche) forming a trend lineShrap is a 3ull type play for me that I hold because I believe the narrative will perform and I will multiply my AVAX tokens by having some exposure. If the ecosystem ends up performing well I will hold on to some of the tokens longer term. A trend line is forming and I have been buying on the 20ema bounces. The token has really only dipped below the 20 ema for a day or two historically. The dashed green is a level that needs to break with prior candle bodies forming resistance. I added a local demand for additional supportive regions. I am long here for the foreseeable future.
