EURUSD Trading Opportunity! BUY!
My dear followers,
This is my opinion on the EURUSD next move:
The asset is approaching an important pivot point 1.0777
Bias -Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0797
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
Chart Patterns
AudJpy- Good shorting opportunity of 500 pipsAfter an upward reversal in early August and a higher low in mid-September, AUD/JPY continued climbing to reach a local high around 102.
However, the pair has since stalled in this area, entering what appears to be a distribution phase. Currently, it seems to be testing a critical support level around 100.
A successful break below this level could signal an accelerated downward move.
A medium-term target for this decline is around 95, with an interim support level at 98—an attractive target for traders who are not so patient.
TRON Partners With Chainlink to Strengthen Its DeFi EcosystemTRON ( AMEX:TRX ) has made a strategic move by joining forces with Chainlink SCALE, effectively making Chainlink Data Feeds the official oracle provider for TRON’s decentralized finance (DeFi) ecosystem. This collaboration marks a significant upgrade to TRON’s blockchain infrastructure, introducing high-quality and decentralized oracle solutions to TRON’s $6.5 billion total value locked (TVL) in DeFi.
TRON DAO Partners with Chainlink SCALE
In a strategic shift, TRON DAO recently announced its partnership with Chainlink, one of the most recognized decentralized computing platforms globally. The integration enables TRON to harness Chainlink’s industry-leading oracles, which will replace WINkLink as the primary oracle solution for TRON's ecosystem. With Chainlink Data Feeds securing more than $6.5 billion in TVL within TRON’s DeFi applications—such as JustLend and JustStable—the partnership promises to enhance security, precision, and reliability in TRON’s DeFi sector.
According to TRON’s founder, Justin Sun, joining Chainlink SCALE will ensure that TRON’s DeFi environment has dependable data, a foundational necessity for the expansion of DeFi applications on the network. This new system allows developers on TRON to access high-quality pricing and market data, contributing to a more robust and scalable decentralized economy.
Driving the Next Generation of DeFi on TRON
The adoption of Chainlink Data Feeds on TRON means more than just a technical upgrade. It represents a pathway to expand TRON’s ecosystem while offering enhanced stability, increased scalability, and reduced operational costs for early-stage DeFi applications. Chainlink SCALE introduces a model where TRON initially covers certain gas fees for using Chainlink’s oracles, fostering DeFi growth until the ecosystem matures and user fees can sustain these costs independently.
Thodoris Karakostas, head of blockchain partnerships at Chainlink Labs, voiced his enthusiasm, noting that Chainlink’s high security and reliable on-chain market data provide TRON developers with the tools needed to create the next generation of DeFi applications. This integration, he emphasized, will bolster TRON’s foundation for a decentralized internet—a vision at the core of TRON DAO’s mission.
TRON’s Commitment to Growth and Innovation
In addition to the Chainlink partnership, Justin Sun recently commented on TRON's growing ecosystem and the anticipated rise of memecoins on the platform. He highlighted the community’s role in supporting these developments and expressed confidence in a new growth phase if AMEX:TRX surpasses its previous peak, potentially triggering a wave of FOMO-driven interest in TRON’s DeFi and memecoin markets.
This commitment to innovation signals a brighter future for TRON as a hub of decentralized finance, and Chainlink’s proven track record in supporting high-volume transactions and delivering reliable data positions TRON advantageously.
Technical Analysis
Currently, AMEX:TRX is trading within an overbought channel with an RSI of 77, reflecting its strong demand following the Chainlink partnership announcement. This movement aligns with previous trends observed in AMEX:TRX ’s price behavior, where periods of bearish momentum were often followed by bullish reversals. This pattern indicates TRX’s resilience and suggests potential for sustained price growth, especially with heightened interest from institutional investors and developers exploring TRON’s DeFi space.
From a technical standpoint, AMEX:TRX offers a relatively stable investment opportunity, appealing to traders looking for a balance between growth and moderate risk. The blockchain’s notable transaction speed and scalability, combined with its new oracle integration, are factors that solidify its position as one of the most secure and reliable assets within the DeFi landscape.
The Strategic Implications for Investors
With Chainlink Data Feeds now part of TRON’s foundational infrastructure, the TRON network is positioned to enhance its appeal for DeFi developers and investors alike. The partnership not only promises to make TRON’s DeFi ecosystem more resilient and scalable but also strengthens its ecosystem’s security—vital as TRON seeks to decentralize the internet through blockchain technology and decentralized applications (dApps).
The long-term implications are clear: TRON’s partnership with Chainlink represents a new era for its DeFi ecosystem. As the TRON DAO continues to expand, AMEX:TRX stands poised to benefit from increased market confidence and user adoption. For investors, this development presents an attractive opportunity to capitalize on TRON’s expanding ecosystem and DeFi potential.
In summary, the TRON-Chainlink collaboration marks a transformative milestone in TRON’s roadmap. With enhanced infrastructure, reduced operational costs, and a renewed commitment to scalability, AMEX:TRX solidifies its role as a key player in the decentralized finance sector. For investors, TRON’s commitment to innovation and growth signals a robust opportunity, particularly in the evolving DeFi space.
EUR/GBPIn financial markets, "AB=CD" is a harmonic pattern that traders use to predict potential reversals or continuations in price movements. It's named after its basic structure: the price forms two legs (AB and CD) that are equal in time and price magnitude.
A "bullish AB=CD" pattern suggests that the price is likely to rise. Traders look for specific Fibonacci ratios between the lengths of AB and CD, typically 0.618 or 1.618, to confirm the pattern. When these ratios align, it's seen as a signal that the price may continue to rise after completing the CD leg.
However, like any technical analysis tool, it's not foolproof, and traders often use it in conjunction with other indicators and analysis methods to make informed decisions.
GOLD_113 2024.10.31 12:33:04 Trading Signal BUYFrankPro Signal for GOLD_113
Type: Screen
Signal: BUY
TP: 2794.17
SL: 2768.07
Entry Price: 2778.51
Analysis for GOLD
Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Up
ST=Up LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, I will provide separate short-term and long-term forecasts for the price of XAUUSD (Gold).
**Short-term Forecast (next few days to a week)**
* The double-top formation at $2,790 may limit further gains for gold, indicating a potential pullback.
* Technical indicators such as RSI, MACD, and ADX suggest a buy signal, but the STOCHRSI and Williams %R indicate overbought conditions, which may lead to a correction.
* Upcoming election uncertainty and geopolitical factors could influence gold prices in the near term, potentially causing volatility.
* Support levels at $2,718.33 and $2,716.94 may be tested if the price pulls back.
**Expected Price Movement:** Down ( potential pullback to test support levels)
**Long-term Forecast (next few weeks to months)**
* Despite potential short-term pullbacks, the overall market sentiment remains bullish, with traders expecting gold to continue its upward trend.
* A stronger EUR/USD is bullish for gold, and the metal's rebound in response to market sentiments suggests a positive long-term outlook.
* The potential impact of a new BRICS currency on gold prices is still being discussed, but it may not have a significant effect on the price in the long term.
**Expected Price Movement:** Up ( continuation of the long-term upward trend)
Please note that these forecasts are based on the provided analysis and are subject to change as new information becomes available.
Result: ST=Down LT=Up
Analysis Method(1)
Based on the analysis of the provided data, here is my assessment of the expected price movement of XAUUSD (Gold vs. US Dollar) for October 31, 2024:
**Short-term Analysis (next 10 days)**
* The technical analysis suggests a bullish sentiment, with the price above both the 50-day and 200-day simple moving averages.
* The 14-day RSI is at 61.21, indicating neutral conditions but with a general bullish outlook.
* The forecast predicts a potential rise in price to around $2,737.47 in the next 10 days.
* Positive drivers, such as a stronger EUR/USD and the overall inflation rate in the United States, support the bullish sentiment.
**Expected Price Movement (Short-term): UP**
**Long-term Analysis**
* The overall trend and sentiment suggest a bullish outlook for gold, with traders remaining bullish despite various influencing factors.
* The resilience of gold prices in the face of election uncertainty and economic data releases indicates a strong underlying demand.
* However, potential increases in U.S. interest rates and a weak U.S. consumer discretionary sector could impact gold prices negatively in the long term.
**Expected Price Movement (Long-term): UP, but with potential volatility and pullbacks**
In summary, based on the analysis, I expect the price of XAUUSD to go up in the short term, with a potential rise to around $2,737.47 in the next 10 days. In the long term, I also expect the price to go up, but with potential volatility and pullbacks due to various market drivers and influencing factors.
Result: ST=Up LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement for XAU/USD (gold) in both the short-term and long-term:
**Short-term (next few days to a week):**
* Expected price movement: Down
* Reasoning: The technical indicators suggest a strong buy signal, but the Stochastic RSI and Williams %R indicate that the market is overbought. This suggests that a bearish price correction is likely in the short-term to test the support levels near $2,715.82, $2,716.94, and $2,718.33.
* Potential price target: $2,715-$2,720
**Long-term (next few weeks to months):**
* Expected price movement: Up
* Reasoning: Despite the expected short-term correction, the overall sentiment is bullish, and the technical indicators (RSI, Stochastic Oscillator, and MACD) suggest a strong buy signal. Additionally, a stronger EUR/USD is seen as bullish for gold, which could support a long-term uptrend.
* Potential price target: $2,850-$2,900
Please note that these predictions are based on the provided analysis and are subject to change as new data becomes available. It's always important to monitor market conditions and adjust trading strategies accordingly.
Result: ST=Down LT=Up
SPY/QQQ Plan Your Trade For 10-31 : Consolidation PatternToday's video highlights the power and simplicity of what I attempt to do for all of you.
I'm not perfect. I don't see into the future using some magic crystal ball.
I use my tools and skills to watch the markets and apply my knowledge to the charts to identify the most likely future outcome.
My SPY Cycle pattern predictions seem perfect, showing a top setting up between Oct 29-31, then rolling into a reasonably sharp market decline.
Yesterday's Excess Phase Peak pattern in Silver seemed to lead to weakness in the markets while the SPY was attempting to break through the Flag Apex pattern.
Combined, this cross-market weakness has translated into a very strong overnight selling event where the SPY is already off more than 0.50% and Gold/Silver are struggling near recent highs.
I hope viewers are learning from watching my charts and research. I try to explain things as clearly as I can and show you how to apply these techniques on your own.
As I state in this video, you can build better skills. You can improve your abilities to attempt to see into the future (a bit) and learn to apply better trading abilities. You don't have to be tied to failed techniques and indicators the rest of your life.
It just takes some patience and a lot of learning.
Anyway, I hope you see how my effort are helping you and I will continue to do my best to educate you and help you stay ahead of these market trends.
Get some...
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
GOLD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of 2,790.303.
✅LIKE AND COMMENT MY IDEAS✅
EURJPY - Whatch Resistance#trading_idea 💡
🇪🇺🇯🇵 #EURJPY - Whatch Resistance
On the 4H chart, an ascending triangle pattern is forming. The price is testing resistance at 165.96. MACD points to a possible correction downwards while Bulls & Bears indicator shows the power of bears.
🔼 If buyers have enough strength to break the resistance 165.96, the price will most likely rise to 166.632.
🔽 If the sellers' pressure continues, the most likely scenarios are reaching local support levels 165 or lower.
🔷 React with "👍" if you foresee the price growth and "👎" if you believe it will decrease
➡️➡️ TRY SABIOTRADE NOW
EURUSD: Strong Bullish Bias! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.08873$
Wish you good luck in trading to you all!
#MOVR/USDT#MOVR
The price is moving in a symmetrical head and shoulders pattern on the 4-hour frame
We are now in the right shoulder formation and a rebound is expected
We have a rebound from the lower limit of the pattern at 9.00
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.007459
First target 0.007980
Second target 0.008738
Third target 0.009700
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 33,21661$
Wish you good luck in trading to you all!
EURUSD Set For Possible Bullish Breakout? Key Price Action Signa👀👉 EURUSD is demonstrating bullish momentum across the monthly, weekly, daily, and 4H charts. I'm closely watching for a potential buying opportunity, aligning with the key criteria covered in the video. In this analysis, we’ll pinpoint essential price action signals to track and outline strategic positioning for the next potential move. *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
MLN-USDT Starting From the Big Frame Weekly: accumulation for 864 days
Daily Frame: falling wedge patterns were detected with a trend breakout, and we can see previously when the same patterns have taken place how the price reacts,
a good Volume has been dictated at the beginning of the month with high-volatility candles
Multiple retests to the resistance at 18 will lead to a break eventually + the way how the price reacts at the support 14 is good,
TP1- 18
TP2- 22
TP3- 32
Trading Alert: Ready for a Bounce to 2810? XAUUSD Market Insights:
Supply Zone: Currently facing resistance at 2788-90.
Support Level: Key buying opportunity at 2780-74.
Target: Aiming for 2810.
Upcoming Catalyst: NFP report this Friday could create volatility.
Strategy:
Watch for a bullish reversal at support to enter a long position.
Be ready for potential price swings around the NFP release.
Feedback Welcome: If you like this analysis, your support would be appreciated!
Gold on interesting Technical fractalTechnical and Fundamental analysis: My mid-week Target been met earlier than I expected as the DX, (Stocks remained High) and Bond Yields dipped. The Volatility is still High however but Gold is giving me decent accuracy patterns but with mixed Technical signals and may look to set a new Support zone first (my estimate #2,772.80) before hitting #2,800.80 benchmark. The Long-term trend remains Bullish with Daily turned green on all of its MA periods, still on the middle stages of the new Bull run as it is just below the 0.618 Fibonacci level (hence the current pull-back). My Long-term Target remains #2,852.80 and #2,900.80 benchmark in continuation. I will treat every Bearish spike as an Buying opportunity. Notice how, as explained on previous posts, the DX broke its Daily chart's Support which was much needed for Gold in order to break first Lower then Higher. The decline on Bond Yields also helped. I believe that Gold's set to push Higher, potentially testing Higher High's Upper zone as interest Rates head Lower, central banks extend purchases, and uncertainty surrounding geopolitics and Bond Yields pullback. As these interest Rates came down, Gold has rallied in #2019, rising to the Highest level in six years, as Investors contemplate slowing economic growth, prospects for easier monetary policy in the U.S. and China and festering trade frictions (similar to current upswing). The upswing has been given added momentum as central banks, including authorities in Russia and China step up purchases. A revival in Stocks lead to spillover demand from Investors for the older haven, Gold. Interest rates are going so low, particularly now in Europe.
My position: I have closed my yesterday's session Buying order #2,772.80 and closed on #2,786.80 and re-Sold on #2,785.80 towards #2,774.80 which brought excellent #25-point Profit within the session. I will continue Buying #2,772.80 Low's for now and as my Profit is excellent, I will not assume more Selling orders / only if #2,770.80 break-out is delivered which is major re-Sell signal.
HarryPotterObamaSonic10Inu (BITCOIN): An Emerging Meme AssetThe meme token HarryPotterObamaSonic10Inu, trading under the ticker MARKETSCOM:BITCOIN (no relation to BTC), has been making waves in the meme crypto space. Combining pop culture and humor, it’s attracted a robust following by positioning itself as a ‘zero-tax, renounced ownership’ asset where the community holds control. Here, we dive into both technical and fundamental aspects of this token that have earned it a unique spot in the market and why it’s worth considering as an investment.
The Origins and Unique Appeal of HarryPotterObamaSonic10Inu (BITCOIN)
HarryPotterObamaSonic10Inu ( MARKETSCOM:BITCOIN ) is a niche digital asset whose essence revolves around the creation of a compelling meme-inspired ecosystem. The project seeks to encourage active community engagement and incentivize content creation, backed by a renounced ownership structure and liquidity lock, which builds trust. In addition to launching an NFT collection, the team has ambitious plans to expand with one-of-a-kind merchandise and an eCommerce site centered around its iconic meme origins. This trajectory hints at a promising future for fans of memes and Web3 alike, aiming to create an interactive community for collaboration and lore sharing.
Where to Trade HarryPotterObamaSonic10Inu (BITCOIN)?
For interested traders and investors, BITCOIN tokens are accessible on centralized exchanges such as MEXC, which boasts the highest trading volume of around $492,945 on the BITCOIN/USDT pair in the last 24 hours. Additionally, it is listed on Gate.io and Bitget. However, it’s notable that BITCOIN has yet to be listed on major exchanges like Binance or Bybit, potentially positioning it for future price growth upon further exchange adoption.
Highlights and Market Performance
The token’s market cap currently sits at $266,112,269, ranking #245 on CoinGecko, a respectable standing within the meme token sector. This valuation is based on its circulating supply of 1 billion tokens, with a fully diluted valuation (FDV) equal to the current market cap, indicating there are no additional tokens left for release that might dilute price.
In terms of trading activity, BITCOIN’s 24-hour trading volume sits at $5,300,442, down 39.70% from the previous day. Despite this decline, the token’s liquidity remains solid for a meme token, and fluctuations in trading volume are common in this sector.
Technical Analysis
HarryPotterObamaSonic10Inu ( MARKETSCOM:BITCOIN ) has seen recent price action hinting at a potential buy opportunity. Trading at around $0.19, the token is currently within a bearish zone or a falling wedge formation, often considered a reversal pattern. This pattern suggests that once the token finds stability at this support level, it could be poised for a breakout.
The token’s nearest support level is at $0.19. If price holds at this level, it could serve as an attractive entry point for traders. The short-term upside target is $0.38, the 1-month high, which may act as a resistance level. If momentum builds and breaks this resistance, a rally towards new highs is possible.
Compared to its peers, BITCOIN has underperformed in the past week, with a -4.50% price decline, while the broader crypto market is up 3.90%, and Ethereum-based assets are up 12.70%. While currently lagging, BITCOIN’s support level presents a buy potential before a bullish rebound, which may emerge as the overall market sentiment turns positive.
Growth Potential and Future Outlook
As meme tokens thrive on community engagement and meme appeal, BITCOIN has successfully positioned itself as a unique player, incentivizing creative content while implementing a low-friction, tax-free ecosystem. The combination of renounced ownership, locked liquidity, and a well-structured community-backed roadmap places it among intriguing meme assets for speculative investors. Further listings on larger exchanges could potentially drive additional liquidity and increase visibility, fueling long-term growth.
Key Takeaways
HarryPotterObamaSonic10Inu (BITCOIN) represents a well-audited, community-driven meme token with a clear vision of ecosystem expansion. Its recent price correction provides a potential entry point for investors eyeing short-term gains at support, with a promising breakout to **$0.38** as the next target. The meme-backed project’s dedication to building an ecosystem positions it well for future growth, especially if it garners more exchange listings and achieves community-building milestones.
This unique meme asset offers speculative investors an interesting buy-in opportunity. With a strong community, promising roadmap, and alignment with meme culture, HarryPotterObamaSonic10Inu ( MARKETSCOM:BITCOIN ) might just be the next entertaining, community-led token worth watching.