The airdrop meta is evolving! BLUM is a game-changer!
You can't miss another project backed by Binance Labs with free participation, so today I'm here to tell you what you need to do!
🔸First, sign up:
t.me/BlumCryptoBot/app?startapp=ref_Q0FIcU2vpG
🔸Then, you need to:
Press the “Start farming” button every 8 hours Collect points Play the free mini-game every day Log in for a daily streak Do the simple tasks Invite friends
🔸What's so special about Blum?
This project was founded by a former Binance employee and it is backed by Binance
This Pattern Repeats With New Projects - How To Find The Perfect Entry Point?
Knowing this feature, you'll be able to find the perfect buying zones! Here are Top-5 examples of new projects that have come out recently and this pattern has worked:
An important note: Everything written here is purely my observation based on my experience and analysis of price behavior. Never follow other people's advice blindly, always do your own research. So now, I'll try to convey to you my view of the charts, let's get started! The first coin on my list - $APT
$SOL has broken the resistance line and is heading upwards!
A big confident green candle closed well.
A triangle has also formed, the potential of which is at the level of 230 area.
It would be good to see a retest soon to confirm the rise, but if the strength of the move is large, the price may reach that level without confirmation.
This symbolizes an extremely positive mood for the entire ecosystem.
Bitcoin rose 30% in the final quarter of last year after breaking through a resistance line.
Right now, the situation looks similar. Let me explain:
First, you can see consolidation forming in Q2-Q3 2023. After leaving this zone, the price began to rise throughout Q4.
Secondly, right now we are in a similar consolidation. This year we can note the formation of the same pattern from Q2 to Q3.
Looking at these analogies we can expect growth in Q4 2024. Apparently, we have to break through the red resistance line and maybe then we will see a rise of 30% or higher.
It is worth noting that an important psychological mark of 100k$ stands at the exit of the marked growth potential.
Coincidence or a pattern?
I don't know for sure but as I pointed out, a lot of factors indicate just that scenario.
So if my observations are correct, we could see the $100,000 mark crossed as early as the end of this year.
Do you believe that Bitcoin will touch $100,000 this year?
Firstly, it's the chart - the coin has dropped by 90% from its ATH.
A corridor has been formed where volumes are increasing now.
It is a bullish factor and there are divergences on the daily chart.
Secondly, XAI is a project from the Arbitrum team.
Thirdly, XAI at one time also poured well to those who held their node - their validators directly got a dozen Xs, and probably they were the ones who shed the price.
Now, spot-buying looks very attractive from the point of view of both technical analysis and fundamental analysis.
The project is being built by an experienced team with already existing experience.
As you might know, the “double bottom” pattern is often formed before the trend change and price reversal.
The potential of this pattern is equal to the first part of it — with the orange arrows I've highlighted the approximate area.
The ultimate target of this potential is located at the approximate mark of $40, approximately there will be local resistance, so this zone will be the target zone.
I now consider the trend to have changed to an uptrend definitively.
$XLM - I'm holding it on the spot with an insane potential!
Stellar has the same formation as $XRP in the long-term view.
Given Ripple's recent win, I can't pass by these two similar projects so they are both in my long-term portfolio. I have to say that I have an even split of funds between these two coins.
So what about the XLM chart? Let's consider it from the technical analysis point of view:
We can see that globally the price is forming a similar triangle formation as on the XRP chart.
Since the past local low was put in the $0.07 area, I put a conditional cancel zone for this scenario beyond that level. I mean $0.067 to be exact.
In any case, even if the structure breaks and the price goes below my level, I will still continue to hold $XLM because it corresponds to my long-term plans.
My first potential profit-taking zone will be $0.154, but I will continue to hold the main volume up to the level of $0.79-$1.
The most important thing I want to convey is to pay huge attention to your risk management and strategy. Without systematic work and a clear plan, you will not be able to stay on the market for long.
You can literally plan your investments in such a way that your long-term investments will override your short-term speculative ones by simply holding them for the long haul.
Statistically, the most profitable investments are “buy and forget” investments. That's exactly the case. We won't be back here for a while.
Firstly, it's the chart - the coin has dropped by 90% from its ATH.
A corridor has been formed where volumes are increasing now.
It is a bullish factor and there are divergences on the daily chart.
Secondly, XAI is a project from the Arbitrum team.
Thirdly, XAI at one time also poured well to those who held their node - their validators directly got a dozen Xs, and probably they were the ones who shed the price.
Now, spot-buying looks very attractive from the point of view of both technical analysis and fundamental analysis.
The project is being built by an experienced team with already existing experience.
You can see how the price has reached the 0.0006 zone, which is equivalent to a -60% decline from the initial values.
This is the area where I am buying this coin because of my previously described “-60% pattern”.
It is also worth noticing the lower downtrend line, which the price has touched.
Of course, there are no signs of trend reversal yet, but here it makes sense to pick up a coin for medium or long term.
I believe we are at or near the bottom, now I would like to see a rise.
But not immediately, consolidation in this range is possible, most likely the big players will pick up within these values, stuffing their bags before rising.
As you might know, the “double bottom” pattern is often formed before the trend change and price reversal.
The potential of this pattern is equal to the first part of it — with the orange arrows I've highlighted the approximate area.
The ultimate target of this potential is located at the approximate mark of $40, approximately there will be local resistance, so this zone will be the target zone.
I now consider the trend to have changed to an uptrend definitively.
You can see how the price has reached the 0.0006 zone, which is equivalent to a -60% decline from the initial values.
This is the area where I am buying this coin because of my previously described “-60% pattern”.
It is also worth noticing the lower downtrend line, which the price has touched.
Of course, there are no signs of trend reversal yet, but here it makes sense to pick up a coin for medium or long term.
I believe we are at or near the bottom, now I would like to see a rise.
But not immediately, consolidation in this range is possible, most likely the big players will pick up within these values, stuffing their bags before rising.