GBPJPY H4 - Short SignalGBPJPY H4
Looking like we want to slow down on the gains here amongst a handful of ***JPY pairs, GBPJPY looking like the most attractive for shorts at the moment, but a little more confirmation wouldn't go-a-miss.
Looking at USDJPY and EURJPY respectively, we have seen a downside dump and retest. Seeing shorts out throughout the start of Q3 and a deeper correction to warrant this latest bull rally would make sense to me. But lets see what starts to unfold.
Alert
AUDJPY Forecast: Fib Retracement Level and Support ConfluenceThe AUDJPY is currently in a downtrend on the 4-hour chart. On the 1-hour chart, it has broken a significant trendline and a key support level at around 88.600. I'm anticipating a retracement to this level, which also aligns nicely with the 618 Fibonacci retracement level of the latest impulsive move. To monitor price action at this level, I have set up an alert. However, I won't enter a trade immediately upon reaching this level. Instead, I'll be observing the price action closely before making any trading decisions.
DENT Price Targets after the FSB meetingThe Finance Stability Board said today that many stablecoins won`t meet the requirements stipulated in its recommendations for cryptocurrency asset regulation.
This could have have ripple effects in the entire crypto industry!
My price targets for DENT are:
DENT/USDT short
Entry Range: $0.001250 - 0.001400
Price Target 1: $0.001140
Price Target 2: $0.001000
Price Target 3: $0.000860
Stop Loss: $0.001560
VGXUSDT possible long signalVGXUSDT, the trading pair of the VGX token with USDT on Binance, is currently in a bullish trend. The cryptocurrency has been forming higher highs and higher lows on the daily chart, indicating strong upward momentum.
To confirm the trend, traders can look for a buy signal, such as the closing of the 1-day candle above the resistance level at $0.68. If the candle closes above this level, it would signal a potential breakout and continuation of the upward trend.
Investors can set a target at the next resistance level of $1.08, which has been a key level for VGXUSDT in the past.
It's important to manage risk by setting a stop loss at a level that is comfortable for each individual trader.
AGIXUSDT AGIX is a cryptocurrency token that is part of the SingularityNET platform. SingularityNET is a decentralized marketplace for artificial intelligence services, where users can buy and sell AI algorithms, datasets, and models.
Here are some key features of AGIX token:
AGIX is an ERC-20 token, which means it is based on the Ethereum blockchain.
The token can be used to pay for AI services on the SingularityNET platform.
AGIX can be bought and sold on cryptocurrency exchanges, like other cryptocurrencies.
SingularityNET uses a portion of the AGIX tokens to incentivize AI developers to contribute their algorithms and models to the platform.
AGIX can also be used for staking, which involves locking up tokens to help secure the network and earn rewards.
Overall, AGIX token is a crucial component of the SingularityNET ecosystem, serving as a means of exchange, incentive, and value storage.
Rheinmetall bullish ascending triangleThe ascending triangle points to a potential increase in the value of Rheinmetall's stock. These indicators include a bullish trend in the stock's price over the past several months, positive momentum, and strong support levels. Additionally, historical data shows that Rheinmetall's stock tends to perform well during times of military threats or escalations, which may indicate that current global events could be contributing to the stock's upward trend.
Hopefully, the war in Ukraine will come to an end, but Rheinmetall is still looking strong, possibly indicating an upcoming real-world event.
It is important to note that technical analysis is not a guarantee of future performance and should be considered alongside other forms of analysis such as fundamental and news analysis. Additionally, it is also important to consider the company's overall financial health and any recent company-specific news or announcements.
LTCUSDT from $91.08 stop loss $90.7151h TF. There is a clear tendency to form a level with further exit to the long at a price of $ 91.1.The history shows how the coin impulsively breaks through the level.
I expect a smooth approach and a trade near the level in the aftermath of which I expect an impulsive movement to the long.
Target-95$(4.1% movement)
Check: DODO/USDT | Change of plans | Change of plans. With so much centralized exchange crash and various problems, the bull is being delayed, but looking at this triangular figure that is forming, we have a possible laterality ranging from 0.26 to +$0.3. But don't expect anything higher in the next few days, maybe $0.48 ... 0.6 will come in the next few months. Look ahead and see a sea to swim in and a decentralized exchange will gain a lot of marketcap.
$LINK CHAINLINK Officially Found Bottom & Starting A Reversal Why LINK investors might be sitting on a goldmine thanks to proof of reserve
It is often difficult to find winners in the crypto market during a major crash but Chainlink might be it.
Even though its native currency LINK suffered significant downside so far this month, the Chainlink network
continued to see wins as a potential solution. Chainlink can facilitate the proof of reserve which might be the
ideal solution that may help solve some of the cracks unveiled during 2022’s market crash. Chainlink proof of
reserve may help overcome systemic financial risks, as well as contagion risk. Chainlink as an oracle services
provider stood in a position to help facilitate a large-scale adoption of proof of reserve.
Additionally, looking at the current scenario of the market, it could be considered as more of a necessity than
an option. The good thing is that it also offers an opportunity for the market to adapt and grow from recent
challenges. The need for large-scale proof of reserve adoption further outlines an opportunity for Chainlink’s
adoption. It underscores yet another reason why Chainlink’s offerings continue to add value and why the
network has robust long-term potential. Healthy long-term adoption might contribute to more value for LINK.
Chainlink did register healthy growth in the last 30 days.
For example, its supply of LINK held in smart contracts grew substantially during the last four weeks. The same
was observed for its velocity. Both the velocity and supply of LINK in smart contracts dropped significantly in the
last five days. This reflected the impact of last week’s crash on Chainlink’s performance. But will we see a recovery
this week? One of the best ways to assess demand was to look at the balances of top addresses. LINK’s supply of
top addresses registered a sizable drop in the last five days.
However, the good news was that the whales/top addresses are no longer selling. Regardless, we were yet to
see a return of strong buy pressure. Chainlink’s transfer volume also took a bit of a hit in the last few days.
Investors should thus, keep an eye out for the transfer volume to pivot as a confirmation that demand recovery.
Chainlink is a potential game-changer that investors have a keen eye on. The project was launched as an
avant-garde solution to streamline off-chain blockchain projects and transform them into on-chain platforms.
There is no question that LINK has opened a new world of possibilities regarding the intricate world of web3
development. As the company provides curated and in-demand solutions, it’s no surprise that top-tier names
such as Google Cloud, Polygon, and Aave have wholeheartedly embraced that project. Investors and analysts
are confident that Chainlink is on remarkable growth trajectory steering into 2023.
Expect New Alltime Highs Soon!
$LINK CHAINLINK CURRENTLY $6 & UP TO 52Chainlink Is finally a buying opportunity at these strong support levels, be prepared to make an insane long term investment or short term. The next buy run we could witness another new all time high. SHORT TERM expect a strong price action recovery. The banks love this project.