APT Aptos Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for APT Aptos is $3.10.
Looking forward to read your opinion about it.
Buy-sell
SOL SOlana Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for SOL Solana is $14.30.
Looking forward to read your opinion about it.
XAUUSD Gold daily breakdownFriday NFP saw the daily candle close in a very weird spot.
1. it started as a very bullish candle and turned doji
2. it closed within the range
3. despite being a doji it created a support with the previous daily bearish candle.
Is this significant? I don't think so. not yet. Monday's daily candle will tell us everything we need to know, especially as we will be forming structure for the weekly candle. Ideally Monday is bearish and flips bullish to create a bottom wick and grab liquidity before moving up, however we will see what happens.
FTCH Farfetch Limited Options Ahead of EarningsIf you haven`t bought FTCH`s Double Bottom here:
Then analyzing the options chain and the chart patterns of FTCH Farfetch Limited prior to the earnings report this week,
I would consider purchasing the 5usd strike price at the money Calls with
an expiration date of 2024-1-19,
for a premium of approximately $1.06.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GBPJPY 30/7/23Here we have British pounds to the Japanese yen with a nice break to the upside showing clear momentum behind this movement the POI that we are looking at is the POI that presents itself during the break between the high volume of London and the high volume of New York we are looking for this to take us higher out of the current range that we are sitting in, of course as always if we break lower we will follow the bearish bias but last week British pound the Japanese yen played very nicely and was very efficient with our overall range movements!
LINK ChainLink Growth Thesis | Trading at 52 week low Chainlink (LINK) is currently displaying a bullish signal as it bounces from its last support level. This price action indicates renewed buying interest and suggests a potential upward movement for the cryptocurrency.
Chainlink (LINK) has established numerous partnerships across the blockchain and cryptocurrency ecosystem. Some notable collaborations include:
Google Cloud: Chainlink partnered with Google Cloud to integrate its oracle services and bring real-world data onto smart contracts deployed on the Google Cloud platform.
SWIFT: Chainlink collaborated with SWIFT, the global provider of secure financial messaging services, to explore how Chainlink's decentralized oracle network can enhance SWIFT's cross-border payments infrastructure.
Oracle: Chainlink has a strategic collaboration with Oracle, a leading provider of enterprise-grade software and cloud solutions. This partnership aims to integrate Chainlink's decentralized oracle technology into Oracle's Blockchain Platform, enabling secure and reliable connectivity between smart contracts and external data sources.
Binance: Chainlink partnered with Binance, one of the largest cryptocurrency exchanges globally, to support the development and growth of the decentralized finance (DeFi) ecosystem. This collaboration aims to provide secure and reliable data feeds to power various DeFi applications on the Binance Smart Chain.
Polkadot: Chainlink has integrated with Polkadot, a multi-chain platform that enables interoperability between different blockchains. This partnership allows Chainlink's oracles to provide off-chain data to smart contracts deployed on the Polkadot network.
Hedera Hashgraph: Chainlink collaborated with Hedera Hashgraph, a decentralized public network, to enable developers to leverage Chainlink's oracles for accessing real-world data on the Hedera network. This integration enhances the security and reliability of smart contracts built on Hedera Hashgraph.
Based on this analysis, there is a potential price target of $8.70 for LINK.
Looking forward to read your opinion about it!
GU Push?Can we see a push from GU today? Looking for strengths in the dollar, I am currently watching London and NY sessions today.
Running most of this trade on fundamental analysis. Not too much technical. Using killzones and 200EMA implemented in my strategy, also watching MACD to determine buy and momentum.
Buy order is set, will update when entered. 7:1 R/R
USDCAD BUY NOW Dear traders, good evening.
USDCAD is now in the demand zone, and the sellers closed their long positions while the buyers opened their short positions on 1.31050.
The major zone market tests the Demand zone and gives respect and If the market gives us strong confirmations that H4 closed in favor of full buyers, then open the buy trade from the key zone after the H4 closes..
USDCAD Buying Zone: 1.3134 to 1.3150
Entry Point: 1.3134 to 1.3150
Stop Loss: 1.3080
Take Profit: 1.3194
Take Profit: 1.3284
Take Profit: 1.3376
The following trading idea is published exclusively on Supply and Demand Zone market strategy, so please follow the rules, respect your rules, and keep an eye on the marked zone.
Gold LongsWatching gold, if I see it get back into range of 1921, Ill be looking at buys targeting that 1932 resistance. I think with the recent strength of the dollar that we could be looking at possible sells especially if 1916 breaks it opens up to 1911 more. From here I will also look at potential buy set ups.
EJ TradesSupport forming on 15m chart, with the Yen weakening, theres little prevention against depreciation.
Id expect the EUR to rise against the Yen, I am placing a buy order at the bottom of support targeting the rejection to resistance.
We have sen over recent month's the dollar slowly eating away at the Yen, from this im predicting the EUR will follow.
Golds RallyGold has risen and broke key resistance of 1911, 1916 and 1925. It seems to be holding above the 25 level.
We have key resistances at 1932, and 1938. If price breaks and holds above 32, I see it ranging between 38-32.
My trades will become valid once I have confirmed BOS.
With the recent strength in gold, I presume the bullish run will continue up to 1938.
Global downward channel, from here i'll target sells back to 1932.
GU ShortsWe have a lot of USD news later today. Im looking at sells heavily,
Im selling from 61.8% fib targeting the 50% zone. I think with gold looking bearish also, it gives a better chance to see a fall in USD pairs today. GU is also following down my trendline, which gives me more confirmation of a downtrend in recent hours
This is not financial advise, only what i have personally analysed. Each to there own, any comments are appreciated.
Happy Trading
ASTRA Protocol Major Announcement in the next 24hASTRA Protocol on Twitter:
"Astra’s Big announcement is dropping in less than 24 hours, marking a grand achievement for us all!
Stay tuned, and let the countdown begin!
Join us to be a part of the next revolution in Web3!"
The Market Cap of ASTRA is only $2Mil.
Team seems legit, Phil Hogan, the former European Commissioner for Trade, is Executive Advisor at ASTRA.
Hard to believe it will be a buy the rumor sell the news event! What to sell if the market cap is only $2Mil?!
PEPE Coin potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
PEPE/USDT long
Entry Range: $0.000001550 - $0.000001650
Price Target 1: $0.000001790
Price Target 2: $0.000002100
Price Target 3: $0.000002700
Stop Loss: $0.000001350