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Today’s topics:
- 1. CHZ: Technical analysis
- 2. AAVE: Channel Down
- 3. Coins with Strong Uptrend
- 4. MKR, LDO, CRV- on-chain data insights
- 5. Breaking news & crypto events
altFINS.com is committed to selecting the most reliable data and analytics available — so you can focus on what matters!
1. CHZ (Chiliz): technical analysis
Trade setup: Pullback near $0.15 support (also 200-day moving average) could be swing entry. Momentum is inflecting bullish (MACD Histogram is rising). Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com. Recently, there’s been some big news announcements with Barcelona FC. (set a price alert).
Trend: Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.18 (previous support), then $0.27.
2. Chart pattern with high success rate:
AAVE (AAVE) with Channel Down pattern
Chart pattern
Profit potential (Buy) +31.54%
Channel Down identified at Dec 3, 0:00 UTC. Possible bullish price movement towards the resistance 86.8173 within the next 34 days.
3. Coins with Short — Strong Uptrend
This market screen shows coins with prices in a strong Uptrend across all three time horizons: Short-Medium and Long-Term.
These are rare situations. You could relax these conditions are focus only Short- and Medium-Term, or instead Medium- and Long-Term. Up to you.
Trade with the trend. Beginner traders should stick to trend trading strategies. Trend is your friend, goes the old adage. That means, find an uptrend, and ride it for potentially big gains. Trend trading works because price trends have a tendency to continue. Identifying a trend is half the battle. It greatly increases your winning probabilities.
altFINS identifies and rates trends from Strong Up, Up, Neutral, Down, to Strong Down.
Textbook definition of an Uptrend are a series of Higher Highs and Higher Lows.
4. On-chain data insights –
Total Value Locked (TVL)
TVL represents all the assets that are currently being staked in a specific Protocol. It measures overall health of a project and investors can see how much value people are willing to lock up in a particular project’s smart contract. The higher the TVL, the more confidence people have in the project, presumably because it generates some value to the users.
5. Breaking news & crypto events
New listings:
- 6/12/2022: ProBit Global lists PandoProject (@pandoprojectorg) with PTX/USDT pair at 08:00 (UTC).
- 6/12/2022: MEXC Global lists Mineral (@Mineral_Hub) with MNR/USDT pair at 12:00 (UTC).
Airdrops:
- 9/12/2022: WMT (World Mobile Token) “Early Staking Rewards Phase 2 Update | Rewards are now claimable for Month 11. Next snapshot… 11:00 AM UTC”
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