DEFI-trader

Go to my profile and check my previous post with all the details! Thanks a lot!

AXS/USDT Daily (Dec 2024–May 2025): Price dropped from $10 to $2, driven by whale distribution and now whale accumulation at the $2–$3 levels. This is based on developing high volume node indicating high trading activity. Whales sold into FOMO in Dec 2024, triggered panic sells during Feb–Apr 2025, and are buying at current support. Watch for a bounce toward $5 (VWAP resistance) if volume turns green, or a drop to $2.000 if support fails. Monitor #axs sentiment on X.com for confirmation. A call for lower prices, lack of interest, fear and general panic in the community, will signal the true bottom!

Wave 2 is known for being a shakeout period. After the initial enthusiasm of Wave 1, there's a pullback that can shake out some of the less committed investors or those who got in too early. The market sentiment during this wave can be one of doubt, confusion, or reevaluation rather than belief.Price Action: During Wave 2, prices retreat from the highs set in Wave 1, often leading to a scenario where investors question the asset's upward trajectory. This wave can involve significant retracement but should not go below the start of Wave 1 in an ideal scenario.Market Stage During Wave 2:Doubt or Reassessment: Rather than belief, the market stage during Wave 2 would be characterized by:Doubt: Investors might doubt if the initial move was a false start, leading to selling or a hesitancy to buy more.Reassessment: This is a time where the market might be reevaluating the asset's value, fundamentals, or the sustainability of the previous upward move.

Despite concerns regarding the Ethereum Foundation and its recent underperformance relative to other cryptocurrencies, data indicates significant whale activity, with holders of over 1,000 ETH buying during the dip. This accumulation by large investors could be interpreted as one of the most bullish signals in recent years for Ethereum. Amidst polarising price actions about XRP, SOL, and BTC, this presents a notable opportunity for those considering investing in ETH for potentially significant long-term gains.

Good morning! Marked up this chart with a potential Elliott Wave count. Key question: is wave C complete? Let's hear your views!

INJ is showing signs of a massive sell-off coming soon. Here is the explanation for this Wyckoff Distribution: PS (Preliminary Support): Initial support forming after a prolonged downward movement. Indicates substantial buying with increased volume and wider price spreads, signaling potential end of the downtrend.SC (Selling Climax): Point of maximum selling pressure and panic among the public, absorbed by larger professional interests near a market bottom. Often sees a price close above the low, reflecting buying by these larger interests.AR (Automatic Rally): Follows a decrease in intense selling pressure, marked by an easy wave of buying that pushes prices up, often fueled by short covering. The rally's high helps define the upper boundary of an accumulation Trading Range (TR).ST (Secondary Test): Revisits the SC area to test supply/demand balance. Confirmation of a bottom involves diminished volume and price spread. Multiple STs are common after a SC.LPS (Last Point of Support): Low point of a pullback after a SOS. Pullback to former resistance turned support, with diminished spread and volume. There might be more than one LPS on some charts.Follow if you like this kind of analysis!Fake break out at 40usd. Price seems bearish over the next few days.I am still expecting the price to go lower.My target is around 27 usd

Refer to my earlier post for the full analysis, but this setup is one of the best I've seen in a while! Best of luck!It hit our stop loss, but it seems it was a fake break out, which is super bearish at this moment. Fist target, 1800usd. 900 usd is the major support of the cycle, but let's see if we ever go that low.

🔍 Analyzing ETH on the LOG chart: It's shaping a triangle formation, with a crucial level to monitor at $2,500. Without a sustained close above this mark, a potential downward move to below $900 might unfold. Keeping a close watch. 👀📈 Follow for more chart insights!Bullish price action on ETH.

There's considerable confusion about the practical use of anchored VWAPs. Personally, I leverage them as genuine resistance/support lines due to their integration of volume.Consider the 2021 LTC top around 397 USD, often perceived as the resistance line prompting many to exit. However, in my Anchored VWAP trading approach, the true resistance stands at 136 USD. A sustained break and successful retest of this updated line indicate potential for prices surpassing the 2021 highs.Likewise, the 2022 bottom at 43 USD served as support or resistance in various periods, now residing near 75 USD. From my perspective, the current LTC price seems below the prior 2022 lows, suggesting bearish control. I recommend NOT A BUY until we securely close above this price resistance.Follow for more!LTC is finding resistance at the VWAP ORANGE line. Still bearish price action from LTC. Wait and see if we create higher highs first.

In the dynamic world of crypto trading, understanding Elliott Wave Theory can unlock valuable insights. The flat-zigzag-triangle pattern, a trio of corrective structures, holds significance for traders navigating those markets.Flat Correction: These three-wave movements (A-B-C) exhibit sideways action, offering prime opportunities for traders. Wave C, extending past A's termination, signals potential shifts in the crypto trend.Zigzag Correction: Known for swift and impactful movements, zigzags (A-B-C) showcase rapid price swings. Watch for wave C, often surpassing the origin of wave A, indicating potent market momentum.Triangle Correction: Crypto volatility finds a different form in triangles, manifesting as five-wave structures with converging trendlines. Tightening price ranges hint at imminent breakouts.This is too early to be 100% but it is the pattern with the most pain; time pain! Follow for more!Trade still in play. Correction (triangle formation) will be confirmed once Altcoins experience a surge.