USDT.D is gaining dominance. If BTC dominance weakens then the market will move down. We have confluence at the VAL and imbalance level below us. There is a closer golden pocket above but doesn't look promising at the moment. Just some levels to be aware of.
With little to no history its basically fibs and volume profiles. anything can happen. With a current market cap of 597 million and a low circulating supply of 528,273,718 which is 5.28% of 10 billion total supply, we dont know anything yet. Lets see what unfolds as BTC ranges and dips.
This was a total shot in the dark analysis. Dont even pay attention to it. Would be such a great gift to buy down below. But who knows, maybe I jinxed the whole thing.
Conditions: Materium has been hyped for sometime now. Its been up despite Gala's seeming like a stable coin. I believe the total market may find another collapse. I could be wrong, however Im selling all my MTRM bags in hopes to grab a much larger dose 20% - 50% down below. (Around .11 cents usd) Gamefi: could save the day but i tend to see the game world follow...
so little data to go off of, therefore you take creative freedom. Some pump and dump candles around the golden pockets. order blocks still forming. I think it will be volatile but the marketcap has grown significantly which tends to slow it down. This is a shot in the dark. Look to total markets for guidance.
Basic analysis. Order blocks and volume profile. Too soon to be massive bullish. IMO we will range till jan 2024 with the Total crypto market with swings in between. Many tokens will dip down to return to current price.
Money flow has been going down. We may see a bounce soon but I think it will drive down further after. My opinion is that we will accumulate along side BTC and the TOTAL market until Jan 2024. With that said. You really never know with the Shib army. Wild things have happened before. If they release new hype you could see volatility with low marketcap ecosystem...
Used the bar tool to copy historical price action on the BTC INDEX. Drew out Order Blocks to give future anchor points. Circles line up. Have some fun and push play.
Bullish Divergence on Market Cypher RSI turning green Price has been in a falling staircase building buyer liquidity to the upside The price of xfund - we've held this level for quite some time now. If we do go up , I am still suspicious of a market drop soon to come. The BTC halving is next spring. As per Zenledger's quote - "the next halving is estimated...
Lots of traps either way but notice the big picture. We could easily go way down to finish out the imbalance area below 905 trillion. We sfp'd (swing failure pattern'ed) to the top of the imbalance area already but still seem to gravitate towards the golden pocket. Will update soon.
We dropped down to a swing failure pattern May 12th. (a long wick down). We then sprang back up on the 15th to create a small range for the month of May. The low and high of that range used to pull the fib and find a golden pocket at 1.15 trillion . We have left that range long ago but since rejected from it twice. I wonder if we will retrace to the POC below and...
This chart is a creative venture. I did something a little different. I pulled a volume profile for the entire uniswap history of VAL token. I then pulled a FIB range on that revealed VAH and VAL area (value area high, low). It is creative in the sense that I want to see if the total buying and selling data from the volume profile will be respected in the future...
History repeats itself. If the Total (Cryptocap) goes down from 1.15Trillion into the lower range, then i see this scenario being possible. Make sure to watch the total market for "confirmation". Don't just fomo in. The volume profile reveals where the most buying and selling has occurred, the VAH (value area high), the VAL (value area low) and the white line...
Total Market full chart 100% zoomed out Fib from low to high = Golden Pocket 618 at 1.15 Trillion. Guess where we just rejected from? hmmm....
We may rise 4% to hit the imbalance area before dropping to the correction target.
Unification Xfund is the oracle for Shibaswap. Most people dont know about xfund but they build blockchains for business. They have recently voted the max supply to lock in at 8,888 with a marketcap currently only 17 million. Huge growth potential here.
Found confluence with Daily levels from July 2021 value area high and Point of control for that same range. Also, my target is at the Global Fib retracement .618, .65 Golden Pocket. However there is a possible retest (imbalance area) below incase the total market dives another 40% from today.
The elevator is going to the "Single Print Ceiling" from two ranges above. Enjoy your flight! Dont forget to take profit along the way. I used the fib retracement levels and the fixed volume profile tool to find the Point of Control, value area high and low - with confluence to an imbalance and a single print area plus previous support/resistance price action...