I - Onchain data from 52Hz Onchain (in Vietnamese)I translated the 52Hz Onchain's post from Vietnamese to English, with refinements and explanations of crypto market slangs. I will present text + images so we can view, quote and discuss more easily. I think this is better than sending a simple link.We believe that we are approaching the Upbit season, and there will be many tokens that will be pushed up in price and grow strongly by Upbit in the near future. In the past week, Upbit has transferred 1,010 BTC = $68M to CEXs, and as predicted, this BTC is likely to be swapped for ALTS in the Upbit Making list.
Looking at Upbit's ALTS, we can see that they are accumulating a lot or even planning to pump. This is also a confirmation signal for Upbit to send BTC to CEXs to swap for ALTS.
Tokens that Upbit has been accumulating in the past 7 days: GRT, SHIB, MATIC, T, STMX, CVC.
Tokens that have been and are being planned to pump: SAND, 1INCH, POWR, ID, LOOM, HIFI, STG, LINK.
It is possible that Upbit will double the price of tokens in its portfolio in a short period of time, the most recent examples being MTL, ZRX and ID.
Currently, Upbit has accumulated a lot of and controlled a large supply of many ALTS in the past, so sooner or later they will have to take profits and liquidate these ALTS by pushing the price up high to create FOMO and good liquidity.
II - Technical analysis (Weekly chart)Upbit's catalog has many tokens, I will use 2 simple and popular indicators to show where they are in the pump cycle: Sonic R and Ichimoku.
Are you holding any tokens in the Upbit making list? Are you willing to buy tokens in this list with the expectation of making a profit in the near future when Upbit pumps these tokens?