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Flux's current configuration is really interesting.
We're back in a previous #consolidation zone, which triggered a significant rise when it was broken. This zone therefore seems really relevant, and we've recently had 5 #buy signals from the Magic Bands (PMB), including one shared by Supreme Vision (BSV), which also indicates an #accumulation zone.
Flux therefore offers us a nice correlation of several positive elements to find a #bottom nearby.
In any case, when we see on our Master Oscillator (BMO) tool the huge amount of #losses realized recently, we could really hope that this asset has completed its correction.
When its price was at $0.20 a few days ago, the GRT was even in a rarely extreme #oversold state on the same tool (light green zone on the top line of the oscillator).
On the Magic Bands (PMB), the asset has been in a new #downtrend for the past 12 days, again in an oversold zone.
#Polygon $MATIC : Last fall before an awaited rally?
How hard it is for Polygon which is struggling to fulfill its potential.
It will be interesting to see how the price reacts if we reach the $0.55 #support indicated by the Pivot Identifier (BPI), which would take it to the #bottom of its range.
At the current stage, our Master Oscillator (BMO) indicates that only 12% of addresses are in profit, and that the supply held by the #Whales has fallen slightly over the last 30 days.
We were also able to see several areas of #accumulation from the Supreme Vision (BSV).
#Avalanche $AVAX : Consolidation before the next upswing?
Avalanche lateralizes in contact with the Vegas Daily (in blue) of our Trend Identifier (BTI) tool.
We have seen #accumulation zones on the Supreme Vision (BSV), around $34. The current price therefore remains relevant for #DCA buying.
With the Master Oscillator (BMO), we can see that 60% of addresses are in profit, which is very reasonable. But above all, we can see that large losses have been realized during this lateralization movement, which is a very good thing if we want to return to an #uptrend in the near future. Finally, the BMO also shows that #liquidity is on the rise, both from Stablecoins and from FIAT money printing.
Zooming out on $QNT , a key question arises: is the asset in trouble or does it offer an #opportunity ?
Clearly, #Quant is not bullish and seems to be in trouble, given its poor performance over the last few years.
However, we could see a big #range between $151 and $87, with two fakeouts. This is best observed with our Pivot Identifier (BPI) tool. In this case, we'd be at the bottom of the range, which is often a good time for medium/long-term buying.
In addition, the Supreme Vision (BSV) indicates an #accumulation zone, and signals have been given in the past on current levels.
#Binance Coin (BNB): The consolidation of a powerful asset.
The $BNB , one of the largest #crypto capitalizations, has unquestionably been an extremely strong asset since the start of the year.
We can see that it is currently consolidating in a symmetrical top triangle, a chartist figure favorable to the continuation of an uptrend.
Our Magic Bands (PMB) tool had given a very good sell signal at $630, and we can see that the cloud has remained green despite its correction. A green cloud means an uptrend, so everything seems to be going well for this asset, which has been in this #trend for almost 200 days, with a very nice buy at under $230!
Note also that, despite its rise and strength, BNB is no longer in a period of #distribution or attention according to Supreme Vision (BSV).
$THETA has a somewhat similar configuration to the $LPT we talked about in previous weeks. It is showing a very strong retracement, allowing it to come back to the upper region of a huge #accumulation range.
This type of movement is often a real #opportunity for late buyers! Especially as this zone on the Theta Network is completed by the two biggest Vegas (Daily and Weekly) of the Trend Identifier (BTI), which overlap entirely, providing very solid support.
A move back towards $1.75 therefore looks like a great #buying opportunity, especially if we get a complementary signal from the Reversal Identifier (BRI).
Otherwise, $THETA could lateralize on its current level just to recover from its recent heavy fall, before resuming its uptrend.
$AAVE is a key player in the Decentralized Finance #DeFi sector, at -86% drawdown, which is back in its long #accumulation range. Our Supreme Vision (BSV) tool is also indicating a new accumulation period (green background)!
Moreover, according to the Master Oscillator (BMO), less than 40% of addresses are in profit, with a slight increase in the percentage of supply held by #Whales and long-term #Holders .
So far, so good for the #Livepeer plan, which is bouncing off the indicated area, offering a very nice #retest of its previous #accumulation range, in the #Vegas Daily (blue cloud) of the Trend Identifier (BTI) from #Unyx Data.
LIVE
Blockunity
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Bullish
A great opportunity on #Livepeer (LPT)?
$LPT seems to be giving us a great #opportunity by retesting the top of its previous #accumulation range. The Perfect Cloud (BPC) remains green, indicating that the #uptrend is intact for the time being.
This retracement back to this very strong structural level is further reinforced by the Vegas Daily (blue cloud).
$LPT seems to be giving us a great #opportunity by retesting the top of its previous #accumulation range. The Perfect Cloud (BPC) remains green, indicating that the #uptrend is intact for the time being.
This retracement back to this very strong structural level is further reinforced by the Vegas Daily (blue cloud).
Bittensor ($TAO ) was listed yesterday on #Binance ! A big wick marking a new #ATH has been made, but beware, could this be a short-term "Sell the News"?
For the moment, Perfect Cloud (BPC) remains in the green, in an uptrend, but its cloud is starting to look thin. In fact, TAO has never retested its Vegas Daily (blue cloud) of the Trend Identifier (BTI) since the start of its uptrend. If the price really needs to breathe, this would be an interesting area to take a trend-following position.