Chart Patterns
$ETH Is This the Perfect Entry Point or a Trap?BINANCE:ETHUSDT.P
On the chart we can see that the correction I mentioned earlier is underway.
The price is now at the Fibonacci level, which could be the reversal point of this movement.
Also, the price may go a little lower to gain more volume at the support level.
After that a longing pattern will be formed. And the movement will continue towards the strong resistance level and there will be a final denouement. If the price is able to break the resistance level, we will go to take a take, if not, we will have to move the stop.
Entry data:
Entry: 2580
SL: 2468
TP: 2952
Fetch: Low set!We now view Fetch in the same-colored wave 3, which should lead it above the $1.73 resistance. With the Target Zone deactivated, investors could move stop-losses closer to the entry price. Stops could protect against our alternative scenario (33% likely), which implies a lower low of green wave alt.2.
STRK. Speculative investment. $0.38 ---> $3+They dump the price at the beginning to handle sell pressure. In the green zone (low), the strategic market makers will buy again and use cheap tokens + small selling pressure for a global pump.
I don’t know where to sell, because markets are not static, team plans are not static, nothing is static. But I believe that $3+ is the minimal target in a successful case.
This theory works only if you researched & found a special format of token unlocks after the project launch (not team & core unlocks).
~$3 means ~$10 billion market cap on the highest price at that moment.
#BTC pullback started?📊#BTC pullback started?
🧠 We finally broke out of the multiple resistance zone and started to fall back. From a structural point of view, the short structure was established. The first stage support zone is around 70500-70800. The ideal target zone of the short structure overlaps with the neckline support zone, so this will be regarded as the heaviest support zone. If you want to participate in long trades, you can consider doing it here.
➡️Yesterday, although we were in multiple resistance zones, I found a small cycle buying opportunity, so I tried to participate in some long trades. Finally, I set a break-even after locking in the main profit. Now even if it falls, I will not lose money. I made a small profit. Congratulations. 🍻
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BINANCE:BTCUSDT.P
NZDUSD in a Clear Bearish TrendNZDUSD in a Clear Bearish Trend
NZD/USD is moving inside a "Descending Channel" in a well-defined bearish trend.
The market's focus has been on the US election results, with the anticipated Trump victory supporting USD strength throughout the month.
Now that the election period is winding down, market activity is slowing.
However, as long as the price continues to respect this pattern, there is a chance for further downside in the short term, as shown on the 60-minute chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GOLD Price Analysis: Short-Term SELL with High RiskGOLD Price Analysis: Short-Term SELL with High Risk
On the 60-minute chart, gold faced strong resistance after testing 2790 for three consequitive times. This level also corresponds to an all-time high price zone.
Considering the geopolitical situation and the strong bullish trend this short-term bearish scenario comes with a high risk.
However, the market needs to correct periodically before gold can rise further.
The first support is near 2770, and the second, stronger support is around 2760.
This second area is a strong support zone from where gold may bounce up again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
ATOM | ALTCOINS to BUY | Good Coin, GREAT UPSIDE PotentialATOM is as of today NR 51 by market cap, meaning it's more likely to move independently from BTC. The higher coins by market cap, especially the top10, move more in correlation. I've done an extensive post on this HERE 👇:
Other Altcoins I have high hopes for in the NEAR term can be found here:
NOW is the ideal time to buy alts that are NOT trading in correlation with BTC, as they will be trading fairly low and can be bought at good entry prices. The worst thing is to try and catch a moving train , in other words trying to jump in at the top. Rather plan your trades and plan your entries - this way, you will minimize risk and maximize potential returns.
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COINBASE:ATOMUSD BINANCE:ATOMUSDT
BTC SHORT 2HR TP:70700 30-10-2024I have conducted an analysis on a 2-hour timeframe, setting a target price of 70,700. This movement is expected to fulfill within 30 hours. Stay alert for potential market manipulations that could impact the progress of this trade. Remember to manage your risk appropriately. Good luck, everyone! #Trading #Bitcoin
Will Solana Break or Bounce?The price of SOL (Solana) has dropped from around $183.38 to around $173 today, showing a downward trend in the H1 timeframe.
However, it's important to note that SOL has not broken below the critical support zone of $173.51 to $172.66. Instead, it's been moving sideways on this zone.
We'll be keeping an eye on this situation. If SOL breaks below the $173.51-$172.66 support zone, that could signal a further decline in price. On the other hand, if the price bounces back from this zone, it could indicate a potential continuation of the upward trend.
EURJPY Poised to Resume Upward Movement After Small CorrectionEURJPY Poised to Resume Upward Movement After Small Correction
At the start of the new week, all JPY pairs increased significantly.
The bullish wave was triggered by the Liberal Democratic Party (LDP) of Japan losing its outright majority in the lower house for the first time in 15 years.
Voters punished Prime Minister Shigeru Ishiba's scandal-tainted ruling coalition, leaving no party with a clear mandate to lead the world's fourth-largest economy.
Technical Analysis:
On the 60-minute chart, the price broke out aggressively during the night, reaching 166.07.
So far, it appears to be a normal correction, and the bullish wave may resume soon, with EURJPY potentially rising further to 166.40 and 167.40, as indicated on the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
XAUUSD: Wait for a drop before rising, target 2800Yesterday, Wednesday, the United States released the October "small non-farm" data. The ADP employment in October recorded 233,000, the largest increase since July 2023. These figures are contrary to expectations of economic slowdown after the Boeing employee strike in October and the two brutal hurricanes and attacks on the US East Coast ports.
The subsequent release of the US third quarter real GDP annualized growth rate recorded 2.8%, lower than the expected and previous value of 3%. Consumer spending, which accounts for the largest share of economic activity, increased by 3.7%, the largest increase since the beginning of 2023. At the same time, data from the US Bureau of Economic Analysis showed that the initial value of the annualized quarterly rate of the core PCE price index in the third quarter of the United States rose by 2.2%, roughly in line with the Fed's goals.
Spot gold continued to hit a record high, hitting the $2,790 mark during the day, but failed to get above this level.
From the current point of view, 2,790 is very likely not the high point of gold, but the risk of retracement also needs to be considered.
Therefore, we can't blindly be bullish, but need to wait for a retracement before considering buying
LTC Long (conditional mid-term)#LTC Long (conditional mid-term)
If - then.
Why:
• General Bullish bias/Uptrend
Where:
• Lower border of 12H uptrend channel
• Volume POC of the range
• Zone begins: HL SSL
• Zone ends: Lower OB
• SL Under next swing low and demand POI
- Still in premium Zone.
Risk: Low
The probability of a general bullish uptrend continuation is always higher than the probability of a reversal.
Amount:
SL is medium sized- 4,3%
Safe entry on 1.86% x25
will expose you to the risk of 2% total.
Ethereum (ETH): Rejection From Resistance!Since yesterday we had a nice touch to the upper resistance zone, where after that sellers showed dominance and price got rejected.
We are now looking for a few candles to show us further sellers dominance, giving us final confirmations of a good downward movement.
RSI has started a nice downtrend and Bollinger Bands has stabilised as well, ready to fall.
Swallow Team
Fantom (FTM): buy the dip
Daily Chart
Elliott Waves:
The structure shows a wave model, including corrective patterns like "expanded flat" and "simple zigzag." This indicates that the current trend is completing one phase and preparing for a potential continuation of upward movement.
The fifth wave impulse is likely to complete in the target zone (marked on the chart), corresponding to the 0.618 and 0.382 Fibonacci levels.
Target Levels:
The 0.618 Fibonacci target suggests a potential end for the fifth wave. This level, around $0.8-0.85, could act as strong resistance if the upward trend continues.
Volumes:
Significant volumes in the final stages of the downtrend indicate potential interest from large players, which could support the price above key support levels.
Hourly Chart
Buy Zone:
The area between the 0.382 and 0.618 Fibonacci levels is marked as a buy zone. This is a key area where position accumulation is expected for a possible bounce.
Cluster analysis and volume levels in this zone suggest a high probability of support from buyers.
Trend Lines and Support:
The upward trend marked by the channel suggests further growth after the completion of the corrective wave.
The strong support level around $0.67 aligns with the lower boundary of the buy zone and could act as a launch point for further upward movement.
Here's a fundamental analysis of the Fantom (FTM) token, examining its technology, team, tokenomics, partnerships, and growth potential.
1. Technology
* Lachesis Consensus Algorithm: This unique protocol, based on asynchronous Byzantine Fault Tolerance (aBFT), makes Fantom one of the fastest and most scalable networks. It can handle thousands of transactions per second with near-instant finality and low fees, making it well-suited for DeFi and other high-throughput applications.
* Ethereum Compatibility: Fantom supports Ethereum-compatible smart contracts (EVM), making it easier for developers to migrate applications from Ethereum, enhancing accessibility for both developers and users.
2. Team and Partnerships
* Team: The Fantom Foundation was established with the goal of creating a high-speed, scalable blockchain. The team remains actively involved in improving the platform and expanding its ecosystem, which builds investor and user trust.
* Partnerships: Fantom has established partnerships with major blockchain projects and DeFi platforms, including Yearn Finance and Curve Finance, and has collaborated with some government bodies. These partnerships strengthen its reputation as a reliable infrastructural platform.
3. Tokenomics
* FTM Token: The FTM token powers the Fantom ecosystem, used for staking, network security, transaction fees, and governance. Users can earn rewards by staking FTM, encouraging engagement and participation in the network.
* Max Supply: With a maximum supply of 3,175,000,000 FTM, the token is limited, which theoretically supports scarcity as demand grows.
* Distribution: A portion of FTM tokens is allocated for ecosystem development, staking rewards, and team support, ensuring the project’s long-term sustainability.
4. Ecosystem and DeFi
* DeFi and dApps: Fantom actively supports decentralized applications and DeFi projects, hosting various exchanges, lending platforms, and other DeFi services. This boosts user adoption and increases demand for the FTM token.
* TVL (Total Value Locked): High TVL on Fantom indicates strong user participation within the ecosystem, a key indicator of trust in the platform and its functionality.
5. Opportunities and Risks
* Growth Opportunities: High speed, low fees, and active ecosystem support make Fantom attractive for DeFi and other applications. The limited supply of FTM may support its value in the long term, especially with increasing usage.
* Risks: Key risks include competition from other blockchain platforms (e.g., Solana, Avalanche, Ethereum) and the relatively young Lachesis technology, which has yet to prove its resilience over time.
Conclusion
Fantom (FTM) is a promising blockchain project with a strong ecosystem, efficient technology, and an active team. However, like any project, it faces challenges from competition and technological risks.
BINANCE:FTMUSD CRYPTO:FTMUSD BYBIT:FTMUSDT OKX:FTMUSDT
DYM. Speculative investment. $1.5 ---> $11+They dump the price at the beginning to handle sell pressure. In the green zone (low), the strategic market makers will buy again and use cheap tokens + small selling pressure for a global pump.
I don’t know where to sell, because markets are not static, team plans are not static, nothing is static. But I believe that $11+ is the minimal target in a successful case.
This theory works only if you researched & found a special format of token unlocks after the project launch (not team & core unlocks).
~$11 means ~$4.6 billion market cap on the highest price.