How To Spot Upcoming CEX Listings With Candlestick Key Metrics & Track Their Performance?

When a token is announced to be listed on a major centralized exchange, the token price typically increases due to anticipation.

We’ve found that Candlestick indicators can help you trade better both before and after the listing.

Here are some key metrics to track.

Before listing : 

When Listing:

After Listing:

Follow Insiders Before CEX Listing

Centralized exchanges cannot guarantee transparency of information. When a token is about to be listed, insiders may know the news earlier than the public. Therefore, you can discover some “Stealth Money” addresses’ front-running behavior through on-chain data. 

Here are the cases & tips we shared previously:

Track Net Buy When CEX Listing

Centralized exchanges typically announce their upcoming listings on social media before trading is open.

During this period, some traders may be influenced by emotions and start buying on decentralized exchanges (DEX).

You can monitor this phenomenon in real-time using the DEX Net Buy metric.

For example. on Feb 8, Coinbase released the $VOXEL listing announcement at 4:51 PM Feb 8 UTC. 

The DEX Net Buy Value indicator surged 1,244x & reached a 24-hour high at 4:55 PM – 15 mins before the price peaked.

Net Buy Value - $VOXEL

On Mar 30, Binance announced to list $RDNTNet Buy Value recorded a 24-hour high at 3:25 UTC ($1.48M Net Buy $ on Arbitrum).

Net Buy Value - $RDNT (Arbitrum)

At the same time, the $RDNT Net buy value on BNBChain was $268K.

Net Buy Value - $RDNT (BNBChain)

Track CEX Flows & Liquidity After Listing

As the information about the listing spreads and trading opens up, holders will move their tokens from their on-chain wallets to centralized exchanges for selling.

At this point, monitoring CEX flow and liquidity can predict the future price trend.

For example, on Oct 12, 2022, the non-stop Negative CEX Outflow after the Huobi $XEN listing announcement suppressed the price uptrend.

Net CEX Outflow - $XEN

On Feb 23, after the Binance listing announcement, we tracked deep RED Net CEX Outflow of $SYN. As a result, $SYN dropped from $1.8 to $1.35.

Net CEX Outflow - $SYN

Changes in liquidity are also worth paying attention to.

If liquidity providers tend to sell tokens, they will remove liquidity first.

Upbit listed $MAGIC on Mar 21. After adding the top lps to the watchlist, we observed that a Top LP, 15b2, kept adding liquidity.

Add/Remove Liquidity - $MAGIC

Similarly, we observed a surge in the Net Add Liquidity after Binance announced the listing of $RDNT on Mar 30. ($4.9M in 3 days)

Large Add/Remove Liquidity

These changes in liquidity can be seen as positive signals. Influenced by the CEX listing news, there is an increase in DEX trading, and liquidity providers add liquidity to increase their fee revenue instead of selling their tokens.

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