Long

Updated

Spend / USD - 3-day life cross - An opportunity like no other

First a little show and tell. The chart below is the 3-day chart of the XRP/USD pair. The two lines you see are the 50-day* moving average (blue - yes on a 3-day chart and the 21-week (green) moving averages. When we have a 3-day life cross (black circle) and price action finds support on the 50-day an explosive move follows.

The 3-day chart above of Spend we can see the same scenario is playing out:

1) 3-day life cross.

2) Price action finds support on the 50-day.

Resistance is 4000% away from current price action.

*I use 1-day chart daily moving averages on the 3-day (and 2-day) charts to clean noise from daily price action moves. The result is a very clean signal.

Good luck!

Trade active

Note

4th attempt at resistance. A break out should take price action to the next resistance level, @ 230% from current levels.

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Resistance smashed with a 160% move to the upside from rent low. Next resistance is 3000% away! Beautiful price structure on the 10-day chart below.

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Still another day until a new 10-day candle prints however a break out of resistance appears to have occurred. Next resistance is 30x from here.

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On the 1-day chart below price action is being squeezed between the 600-day* (Red) and the 150-day* (Blue) moving averages. One way or another price action will break one of those averages by January 21st.

*The moving averages are the 3-day 50 and 200-day moving averages. I use them on the 1-day chart as 150 and 600-day on markets with small market capital for a cleaner signal.

Note

wow - price action appears to be breaking through the 600-day resistance (red line). If that is confirmed on the weekly then price action should be ready for a 4000% elevator ride to the next resistance.

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Life cross is printed with price action confirming support on the above 600-day moving average (red line), which is more or less on the date speculated above - I've no idea why!

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Watch this monthly chart like a hawk for the next 48 hours when a new monthly candle will be printed.

Currently it is taking the form of a Dragonfly DOJI. A weekly DOJI should never be ignored. A monthly DOJI will move mountains and result in an explosive rise in price action.

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so it begins - the gains here will be life changing for some.

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Just noticed on the weekly chart a complete candle body closed on the 50-week EMA. That is significant.

If price action continues to progress as it has done a weekly cross over should occur around mid-March.

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Breakout!

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Rocket ship fueling.... up 400% so far and believe it or not this is nothing.

Price action breaks through the lower Mayer multiplier band = super bullish.

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Sounds good:

"Ahead of the launch of our new #DeFi mainnet, @Spendchain has burned the remaining Team Supply of approximately 1.4B (~$30M USD), which will ensure the entire protocol is fully decentralized at launch. We will release a launch date in the near future. Stay tuned!"

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Over 800% so far with a candle body recently closed on the 100-week EMA - very bullish.

Note

Now up 10x - and still looking good. A Pi-Cycle cross was observed on the daily chart, however, there is no confluence with the 2-week chart (below) as RSI is @ 70. A RSI of 95 is needed.

Please beware of the up and coming token swap - "Spendcoin" will become "Strike", I recommend leaving tokens on the participating exchanges prior to March 30th. link below. (Bittrex, OKEx, Upbit, and Kucoin are fine).

The new chain is a fork of 'Compound'. Strike is effectively now a competitor. What makes it different? I've not idea other than there will no Strike tokens in the hands of the creators like Compound (47% in circulation), whereas Strike is 100% circulation on launch. Compound is currently 20x the market capital of Strike - lets see what the market decides. This all reminds me of what SushiSwap did to Uniswap.

"Introducing Strike — Decentralized Finance (DeFi) Money Market on Ethereum"

medium.com/strike-finance/introducing-strike-decentralized-finance-defi-money-market-on-ethereum-3501785585a1

Note

Now 2000% - half way to target.

Trade closed manually

Gong to close this idea as the Spend token is now swapping to Strike (STRK) token. 2200% return. I suspect the return will be only the beginning, however.

If you held during the swap, well done. Binance has just announced they were the ones who acquired spend.com,

medium.com/swipe/swipe-announces-acquisition-of-spend-com-aab264991d7b

twitter.com/swipewallet/status/1376887230309019651?s=21

without_worries

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Allow 3-6 months on ideas. Not investment advice. DYOR

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: