GAS Short & Longterm PriceSince Gas is a vital part of the NEO blockchain, there are many positive speculations regarding GAS and its potential to rise.
NEO 3.0 is essentially getting developed to resolve problems concerning scalability, privacy, efficiency, transactions per second (TPS) and so on. NEO co-founder Erik Zhang revealed that NEO 3.0’s goal is to support commercial applications on the blockchain, and although a date on its launch is yet to be determined, one thing is clear that it’ll address the platform’s stability and scalability. This in itself is a big development and might give GAS a major boost. Longer term price predictions see GAS potential reach $27 in the longer term.
Short term support & resistance Technical Analysis levels can be referenced on the chart.
Ceocodesindicators
CFDS ON GOLD (US$ / OZ)🌻 🌞Technical Analysis for GOLD🌻🌞
uk.tradingview.com
Support ♠︎ ♣︎ ♥︎ ♦︎
S1 ➔ ➜ ➙ ➛ ➝ ➞ 1800
S2 ➔ ➜ ➙ ➛ ➝ ➞ 1763
S3 ➔ ➜ ➙ ➛ ➝ ➞ 1739
Resistance ♠︎ ♣︎ ♥︎ ♦︎
R1➔ ➜ ➙ ➛ ➝ ➞ 1920
R2➔ ➜ ➙ ➛ ➝ ➞ 1930
R3 ➔ ➜ ➙ ➛ ➝ ➞ 1956
PIVOT POINTS🔏 🔐 🔒
p🟥 🟧 🟨1946.69
S3🟥 🟧 🟨1914.59
S2🟥 🟧 🟨1930.64
S11940.31
R1🟥 🟧 🟨1956.36
R2🟥 🟧 🟨1962.74
R3🟥 🟧 🟨1978.79
DAILY CHANGE IN🕚 🕛 🕜
LONGS 💎💎💎
4%
SHORTS🩸🩸🩸
8%
WEEKLY CHANGE IN🕚 🕛 🕜
LONGS💎💎💎
-3%
SHORTS🩸🩸🩸
41%
⛱ 🏖 🏝 please if you have any question about any chart just test me I will answer back to you as soon as I can we can share our ideas together 🚥 🚏 🗺
Gold Bulls BreakoutThe price of gold has traded to fresh yearly highs during every single month so far in 2020, and the bullish behavior may persist throughout the second half of the year as the Federal Reserve vows to “increase its holdings of Treasury securities and agency MBS (Mortgage-Backed Security) and agency CMBS (Commercial Mortgage-Backed Security) at least at the current pace.”
Gold chasing 2020 high of $1818.
Recent developments in the Trend Boost Indicator warn of a potential bullrush in bullion as the indicator snaps the short trend from 9th June after failing to push into oversold territory.
Ethereum Ethereum community continues to prepare for the long-awaited Ethereum 2.0 upgrade as its developers have made two major achievements towards the launch of the so-called Phase 0, reported Etereum 2.0 coordinator and developer Danny Ryan.
Firstly, Ethereum 2.0 is ready to launch its first public multi-client testnet on Monday, June 29. This version of the testnet - called Altona v0.12 - will be the last semi-major version of the test network specification, and is expected to become the foundation for the first long-lived ETH 2.0 public test net. It will start controlled by the constituent client teams, namely Lighthouse, Nimbus, Prysm, Teku, Afri, and some of the Ethereum Foundation (EF) team members.
USD/JPY RESISTANCE BREAKUSD/JPY is held below resistance 107.61 with a breakout long expected in the London session.
Breakout indicator signals a move long is coming.
USD/JPY is trading at 107.61 and has travelled within a narrow range of between 107.37 and 107.85, directionless in a phase of consolidation between the 106 and 108 big figures.
US President Donald Trump's China news conference failed to appease the uber hawks and subsequently gave the green light to FX to sell the greenback. Long equities is a play on the global economic recovery with a view that there will be no further waves of the virus, a vaccine will be developed shortly, businesses will bounce back and will be creating millions of jobs and society will be back to normal, all in due course.
5 Reasons To Take Bitcoin SeriouslyDespite recent price volatility and global COVID-19 uncertainty, 2020 is shaping up to be a big year for Bitcoin.
1.Security
The fact that Bitcoin is not centralized makes it less vulnerable to security threats and more resilient and efficient. Many users are uncomfortable entering their banking and personal details online, so Bitcoin offers an alternative that, at the very least, appears safer.
2. Availability
All that’s required to perform transactions with Bitcoin is a smartphone with internet access. Since no physical banking institutions are involved, cryptocurrencies like Bitcoin have an advantage, particularly in developing countries where traditional banking is unavailable or difficult to access. Since it’s easier to set up an internet connection than it is to create a physical banking network, Bitcoin is likely the currency of the future for many areas of the world.
3.Easy To Use
And Bitcoin — although its underlying technology is highly complex — is incredibly easy to use. As we become increasingly used to apps and software solutions for everyday tasks and problems, we’re beginning to expect that "there’s an app for that."
4. Inflation Rsistant
Bitcoin is essentially inflation-resistant, giving it a major advantage over traditional currencies, all of which are subject to losing value at certain times. The anti-inflationary measures mean that Bitcoin will always retain its value, and also make it a viable alternative to traditional currencies.
5. Lack of Competition
Bitcoin is no longer the only cryptocurrency around. Ethereum, for instance, was one of the first competitors to emerge, imitating the technology behind Bitcoin. However, for the competition to be a threat to Bitcoin, it would need to have some specific and tangible advantages. Fiat currencies are not a rival to Bitcoin as governments continue to print more money.
Gold Markets Continue to Build Pressure
Gold markets went back and forth during the trading session on Monday as we continue to dance around the $1700 level.
We continue to look at the $1700 level is an area that is a bit of a magnet for price. With that in mind, you should also notice that there is an uptrend line that sits just below forming part of the symmetrical triangle that the market currently sits in.
Fears of a second wave of coronavirus infections should support gold prices
Limited activities in spot markets could cap major upsides in near term as SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell marginally to 1,081.07 tonnes on Monday.
Fresh spike in coronavirus cases in places that have eased lockdown-related restrictions such as China's Wuhan, South Korea and Germany have stoked fears of a second wave of infections. Wuhan, the epicentre of the outbreak in China, has reported its first cluster of virus infections since a lockdown on the city was lifted a month ago.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell marginally to 1,081.07 tonnes on Monday.
AUD/USD: Price & VolumeThe Australian dollar has rallied as we continue to press the idea of the 0.65 handle. That being said, the market is most certainly running into a lot of noise in that area and with the jobs number coming, it will be interesting to see how this plays out.
We continue to see the 0.65 level offer a lot of psychological and structural resistance. At this point, it is highly likely that we are going to see this market continue to melt away from this area, and it is difficult to imagine that the market will simply shoot straight through it and make a fresh, new high. High Volume is forming on the 4 hour timeframe indicating a move to come shorty.
Resistance forming opens up the possibility of a move down to the 0.63 level. That is an area that could cause a little bit of support, and a breakdown below there could really open up the floodgates to a much bigger move to the downside. At that point, then we are looking at the 0.62 handle, and eventually the 0.60 level.
Australian dollar is highly levered to the Chinese economy, and even though China is back to work, there are not that many people buying the products. In other words, things are going to be very uneven for some time, and that of course works against the value of anything risk appetite based.
Litecoin RangingLitecoin more often known as the silver to Bitcoin's gold has surged by more than 100% since its drop on March 12 , 2020.
Litecoin is trading at the consolidation marketplace in its Medium-term perspective as we could see from the daily chart. The pressure from the bears in the service in $45.79 on the 5th June is currently fixed today, by the bulls.
The response from the bulls pushes the cost up to around $47.32 in the resistance area.
LTCUSD is in trading and consolidation between $84.80 in the upper resistance region and at $24.53 at the decrease support region of the range. A breakout in the top supply area or breakdown in the lower place accompanied by a retest may occur hence patience is required to allow this to occur before a position is required.
Staying above $44.80 can lead to strong growth for LTCUSD.
• Overall market sentiment regarding the coin remains bullish.
LTC/USD Medium-term Trend: Ranging
• Resistance Levels : $70, $80, $90
• Support Levels: $20, $10, $5
How To Draw Fibonacci Trading
WE WILL BE USING FIBONACCI RATIOS A LOT IN OUR TRADING SO YOU BETTER LEARN TO LOVE IT LIKE YOUR FAVOURITE PIZZA.
Fibonacci is a huge subject and there are many different Fibonacci studies with weird-sounding names but we’re going to stick to two: retracement and extension.
The ratios arise from the following number series: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144…
This series of numbers is derived by starting with 0 followed by 1 and then adding 0 + 1 to get 1, the third number. Then, adding the second and third number (1 + 1) to get 2, the fourth number, and so on.
After the first few numbers in the sequence, if you measure the ratio of any number to the succeeding higher number, you get .618. For example, 34 divided by 55 equals .618.
SOUNDS COMPLICATED RIGHT?
So lets use some code to calculate it on the chart for us.
The indicators will automatically show the levels & long short signals at the bottom.
THE MOST IMPORTANT FIB LEVELS ARE
38.2
50
61.8
Japanese Candlestick Cheat SheetThe simplest ways to use Japanese candlesticks & Fibonacci is with support and resistance levels.
... So lets code them together to get a smoother price action picture.
Heikin Ashi + Fibonacci = SIMPLE & CLEAR PRICE ACTION!
Japanese candlesticks can be used for any time frame, whether it be one day, one hour, 30-minutes – whatever you want!
They are used to describe the price action during the given time frame.
· If the close is above the open, then a hollow candlestick (usually displayed as white) is drawn.
· If the close is below the open, then a filled candlestick (usually displayed as black) is drawn.
· The hollow or filled section of the candlestick is called the “real body” or body.
· The thin lines poking above and below the body display the high/low range and are called shadows.
· The top of the upper shadow is the “high”.
· The bottom of the lower shadow is the “low”.
Swing Trading With Volume Traders who can react quickly to market changes, including at-home and day traders, benefit from swing trading, which is a trade strategy that involves holding a position for longer than a day. If a trade seems to be going sour, swing traders can exit the market before losing too much money.
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