AmarPearson

AmarPearson

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- SHORT TERM PRICE ACTION Since the rally at the beginning of May, we've seen price tumble to yearly lows. This could be due to the popular effect of seasonality - better know as...

06:03

AmarPearson

As mentioned in the video, based on the fixed range volume stemming from April 2020 to current day, the level price is now at represents the area of highest traded volume, more or less known as the point of control (POC). This level has served as the main S/R for the past two years. Once price is above this level, its met as support, once below..resistance. Also...

AmarPearson

Purely technical outlook. Thesis: Break & retest last significant market structure. Price had a neat 12% rally stemming from news of the war. It has since lost momentum with price retracing 50% measuring the lows on Jan 31st to the peak. More recently, a significant support was broken and is now being retested - and it should be met as resistance. Price is...

AmarPearson

My view of CADJPY currently: Momentum/Trend change, with the JPY gaining strength --> CADJPY price decline. Price inefficiencies creating liquidity gaps. Market structure seems to be in distribution mode. However, we could also be seeing a bull flag form. Short term trade for me right now is to ladder in short positions and take advantage of he current...

AmarPearson

Update to prev post. Based on current market structure, USDJPY seems to have changed its trend falling out of its ascending channel. My prev. thesis stated that I expected to JPY to regain some strength - current price action suggests this is the case. We can expect price to retest previous all...

AmarPearson

This list is inclusive of tokens that were already listed before 12/31/2021, and also have above 100m Market Cap. First on the list: $WXT Wirex - Banking token? Got a whole lot going on here so wont go in depth, but whatever the ponzimonics are, its working. $MXC - Proof-of-Participation Supernodes might be super bullish?...

AmarPearson

Today we had the highest volume hourly bearish candles on BTC for the year, taking the rest of the market with it (except for a few --> ( ) Because this is a zero-sum market, short term traders will no doubt still be buying the dip if not already in shorts. The best short...

AmarPearson

Update to my initial analysis on $GMT. TLDR; *GMT + GST Losing strength due to trickle down effect in the M2E category. ie. people taking profits and rolling into other M2E projects to maximize profit potential on their "steps". *General market strength has persons diversifying out to other tokens/ people taking profit. *A question of sustainability. Can $GMT...

AmarPearson

Decided to short UJ going into the FOMC meeting today for the lulz expecting/hoping for the worse and got a lucky break. However, as I take a deeper look into this pair, I believe it is at a vulnerable position, which could provide a nice trade. Firstly, since the Russia/Ukraine fiasco, the USD had gained quite a bit of strength against the JPY an rallied for ~14...

AmarPearson

Currently up about ~75% from the lows while the majority of the market is back to it's lows, DAO Maker is a stand out token in a sea of red over the last 30 days. Creation of higher lows suggest that there is quite a bit of strength in this trend, and when looking at the underlying utility of this token, it also suggests that an increased buying could be due to a...

AmarPearson

FITFI is one of the higher marketcap & volume tokens following the Move2Earn trend. Had quite a high allocated IDO on MakerDAO which is the top returning LaunchPad over time. Due to the above, I was very confident on $FITFI from the onset, as I trust the due diligence of the MakerDAO team. A good resource to verify the above is coinrank.io Looking at price; after...

08:54

AmarPearson

Video Analysis of GMT & GST from a purely technical view. Overview of previous and recent price action along with what Ill be looking for in the next trade. Points not mentioned in the video: The GST price action || Blow off top, strong sell volume, & retrace to last level doesn't suggest strength to me, but rather a natural pull back after an impulse move. I...

AmarPearson

Everyone's favorite Airdrop/DAO/NFT/Web3 functionality ENS has been catching a decent bid amid current market conditions. Up about 90% from the lows while the majority of the market is back to their lows, I'd say ENS is doing pretty well. From a point of value/ R:R, and also based on popularity, utility + sustainable future, ENS is in a great place currently at...

AmarPearson

All fundamental analysis aside. When looking at the dollar index from a technical POV, we see the dollar has been in a multi-year range bound market. Currently, price is at the top of this range, after having a relatively strong run up to this point given the current economic climate. Naturally, it would be ideal to look for shorts at this area, due to it being...

AmarPearson

Based on previous events for whatever reason, USDHKD has never broken above $7.85 and has never broken below $7.75. This is an exotic pair, therefore the spread would be large depending on your broker. Also their may be a interest fee paid or received just for being in the trade. Ive been waiting for price to reach this area for quite some time. I was able to...

AmarPearson

I really don't like posting micro-caps, however, I believe $MOOV will provide substantial yield in the short term due to the following: Reasons being: 1. Move2Earn trend. I expect this to play out similarly to the "metaverse" shitcoin trend. eg. a great bunch of tokens pop up promising XYZ without a working product and people will buy due to speculation of...

AmarPearson

After a strong run up, price has retraced and settled on strong support around a psychological support and also the POC @ $0.10. There has since been a short term trendline which is now being broken - once this current 4H candle closes, then a break in trend will be confirmed. You can guess what happens from here if the rest of the market, more specifically BTC...

AmarPearson

To get a full gist of what's going on here, take a look at my initial analysis and my thought process behind what you're seeing: ------------------------------------------------------------ TL;DR from prev. post's: I've realized for a while that nothing is new in the market, and its the same patterns over...