Long
Crust Network (CRU)
Occasionally a project will capture my attention, Crust Network is one of them.
But first a little background…
The Filecoin project with IPFS (InterPlanetary File System) storage has had my attention for years now along with other protocols from projects such as Sia, Storj, Arweave.
Have studied various decentralised cloud storage options with the comings and goings of various projects and I’m of the opinion IPFS will dominate. In fact if you compare the dominance between those different projects on the chart you can see Filecoin is leading the pack. Nonetheless that does not mean others will cease exist, so how will they participate?
Now here is the reason for the interest in Crust Network. In a word, utility. At the moment the use of those services mentioned above is convoluted, it is not straight forward for everyone. Give Filecoin a try.. then try the next service, all with different ecosystems. And with Filecoin, very much aimed at the corporates rather than the individual. This is where Crust Network steps in..
“Crust Network provides a decentralised storage network and cloud solutions for both, the Web 3.0 as well as Web 2.0 ecosystem and is build on Polkadot’s Substrate framework. It provides a unique incentive layer for the IPFS protocol.
Crust Network is integrated with many blockchains and provides a fully decentralised storage layer for Ethereum, BSC, Polygon, Solana, Near, Elrond, Heco and others.”
In summary the Crust Network is a doorway to multiple ecosystems for cloud storage. I know of no other storage protocol that operates like this.
On the technicals.. Unfortunately the markets are of very low liquidity. Instead of looking at any one exchange, we’re studying the market structure on uniswap, it has the most history.
On the above 6-day chart price action has broken out of resistance with strong bullish divergence. A measured move from the wedge breakout makes this idea a 250-300x return.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: No idea
Return: 250-300x
But first a little background…
The Filecoin project with IPFS (InterPlanetary File System) storage has had my attention for years now along with other protocols from projects such as Sia, Storj, Arweave.
Have studied various decentralised cloud storage options with the comings and goings of various projects and I’m of the opinion IPFS will dominate. In fact if you compare the dominance between those different projects on the chart you can see Filecoin is leading the pack. Nonetheless that does not mean others will cease exist, so how will they participate?
Now here is the reason for the interest in Crust Network. In a word, utility. At the moment the use of those services mentioned above is convoluted, it is not straight forward for everyone. Give Filecoin a try.. then try the next service, all with different ecosystems. And with Filecoin, very much aimed at the corporates rather than the individual. This is where Crust Network steps in..
“Crust Network provides a decentralised storage network and cloud solutions for both, the Web 3.0 as well as Web 2.0 ecosystem and is build on Polkadot’s Substrate framework. It provides a unique incentive layer for the IPFS protocol.
Crust Network is integrated with many blockchains and provides a fully decentralised storage layer for Ethereum, BSC, Polygon, Solana, Near, Elrond, Heco and others.”
In summary the Crust Network is a doorway to multiple ecosystems for cloud storage. I know of no other storage protocol that operates like this.
On the technicals.. Unfortunately the markets are of very low liquidity. Instead of looking at any one exchange, we’re studying the market structure on uniswap, it has the most history.
On the above 6-day chart price action has broken out of resistance with strong bullish divergence. A measured move from the wedge breakout makes this idea a 250-300x return.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: No idea
Return: 250-300x
Note
on supportTrade active
From 1.15 is excellent if someone will give it to you.Note
This idea reminds me of the wedge from uTrust back in 20206-day chart
The idea at the time, perfect forecast
And now the wedge for this idea and the path to $200+ per token
6-day chart
Note
And lastly.. the volume, sneaking in the backdoor when no one is looking. Just like uTrust, the volume flowing in via exchanges no one really uses. Something very similar happens with TRU true Fi I think it was.I've no idea why this project, none at all. But the chart is telling someone knows something I don't. Follow the money and be patient.
6-day
Note
on support. A monthly candle this time.On the 3-day chart below it is clear the 3-day/50-day (red circles) offers strong support and resistance. I don't know when the market pivots but where it is probable..
Trade active
Note
Requested updated.There is indeed a long signal with a wedge formation and breakout. The wedge breakout forecasts a new resistance area back to the $2
The entire annual structure remains in a downtrend.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.