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FIVESTAR S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:FIVESTAR
by zenthosh
Flat increasingly likely - channel guidelines show the wayOne of the best ways to simplify the Elliott wave method is by using the channel guidelines. Here we can see the corrective channel on the initial pull back from its top has been broken significantly to the downside. This indicates that it is an impulse wave, rather than any corrective pattern. In other words, the advance at this degree is complete and it's now in a more significant decline, again at this degree. Using the first 3 pivots - the top of the advance, the first low, and the next pivot high gives the corrective channel. Now that it's broken in this way it becomes a base channel for the decline. We can see it contained a second attempt to push higher before it made the impulsive move to the downside, then held a retest and continued its decline. This gives us the indication that a more significant decline is in progress. In this case, the potential is for this to be the first of 5 down to complete the 4th wave flat pattern at the larger degree advance. That means it would retrace to make a 2nd wave advance before continuing the decline - in other words, if that played out, it would give us the first 3 pivots to repeat the above channel guideline at a larger degree of pattern - the local top to the end of the first, and finally the end of the 2nd wave advance. Then we could expect the same impulsive decline to break that channel to make the 3rd wave at one higher degree. As always though, these are guidelines - never guarantees. Someone could always come in and buy up all the sell orders, sparking a return to the upside. Remember, only buyers and sellers determine whether it goes up or down.
INDEX:BTCUSD
by JCore7
FIN NIFTY S/R for 4/11/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:CNXFINANCE
by zenthosh
BANK NIFTY S/R for 4/11/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:BANKNIFTY
by zenthosh
NIFTY S/R for 4/10/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:NIFTY
by zenthosh
XAUUSD at Resistance: Breakout or Pullback?The XAUUSD chart shows gold striving to maintain its upward momentum from the support zone at 2,742.979. With the 89 and 34 EMAs providing solid support, prices are inching closer to the resistance level around 2,789.741. This is a key price area where sellers may ramp up pressure, potentially interrupting the current uptrend. If gold breaks through this resistance, it could trigger another leg up. However, failure to hold may result in a pullback to the 2,742.979 support zone. Investors are closely watching U.S. election uncertainties and the Federal Reserve’s policy direction.
OANDA:XAUUSD
by Zola_Hello
EUR/USD shows potential (READ DESCRIPTION)Pivot Point: 1.0860 EUR/USD shows potential for an upward move, with projected gains of 27 - 42 pips, supported by a pivot level at 1.0860. Our Preference: Long Positions Consider long positions above 1.0860 with the following target levels: Primary Target: 1.0900 — this level may serve as the first resistance, where some consolidation or minor retracement could occur. Secondary Target: 1.0915 — if this level is reached, it may indicate stronger bullish momentum, potentially supporting further advances. Alternative Scenario: Downside Potential If EUR/USD dips below 1.0860, consider a move lower with targets: First Target: 1.0845 — an intermediate support level that could act as a buffer for downward momentum. Second Target: 1.0830 — a more substantial support level that may result in either a consolidation or a sustained bearish push if breached. Technical Indicators & Analysis Relative Strength Index (RSI): The RSI indicates consolidation but remains above its neutrality area at 50, suggesting moderate upward momentum. Moving Average Convergence Divergence (MACD): The MACD may be nearing or above its signal line, reinforcing a slight bullish trend; however, a potential cross below could indicate a return to consolidation or slight bearish pressure. Moving Averages: EUR/USD is positioned above its 20-period and 50-period moving averages, signaling a short-term bullish trend with support for the upside move. Key Levels & Price Action Outlook Above 1.0860: A sustained move above this level can support gains toward 1.0900 initially. Consolidation may occur at this level, but continued strength would open up 1.0915, which is a more substantial resistance level and an extended target for long positions. Below 1.0860: Dropping below this pivot could lead to further declines. 1.0845 may serve as an initial support, and a break here could lead to a test of 1.0830. This deeper level may offer stronger support and could signal either a bottoming for a potential rebound or a continuation of bearish movement.
by CharivapaAlgo
BNB Thesis AI Today - new version 1.1 - Read the Action Plan!! Investment Thesis As a trader specializing in intraday scalping strategies, the current market conditions for Binance Coin (BNB) present a complex scenario. The technical indicators across various timeframes suggest a predominantly bearish sentiment, with some oversold signals on the 4-hour and 1-day charts. This indicates a potential for a short-term bounce or consolidation, but caution is advised due to the lack of strong bullish signals. Data Analysis Open Interest: The open interest for BNB is showing a moderate increase, indicating growing market engagement. Weighted Funding Rate: Slightly positive, suggesting that long positions are favored. Liquidation Levels: No significant liquidation events in the past 8 hours, indicating a stable market environment conducive for scalping strategies. Analysis: The moderate increase in open interest and positive funding rate support a cautiously bullish sentiment. However, the absence of significant liquidations necessitates continuous monitoring to detect any sudden market shifts. CoinMarketCap Data Market Capitalization: Approximately $21 billion. Circulating Supply: 132 billion BNB. 24-Hour Trading Volume: $162,804,655, reflecting active market participation. Liquidity Score: High, ensuring ease of entry and exit for trades. Market Cap Fluctuations: Slight fluctuations align with observed price movements, supporting a scalping approach provided that robust risk management strategies are in place. Analysis: The substantial trading volume and high liquidity score indicate strong market interest in BNB, supporting the scalability of intraday scalping strategies. Stable circulating supply and market cap further reinforce the potential for sustained trading activity. Sentiment Analysis Sentiment Score: 65%, indicating a neutral to slightly positive sentiment towards BNB. Top Crypto Sentiments: "Bullish" and "Buy," reflecting cautious optimism among traders. Implications: The moderately positive sentiment suggests potential for a short-term price rebound, aligning with the observed technical indicators and supporting the decision to hold long positions with vigilance. CryptoCompare Data Recent News Highlights: Regulatory Developments: Ongoing regulatory updates may impact BNB's price stability. Technological Integrations: Announcements regarding integrations with new platforms can influence trading dynamics. Social Media Sentiment: Mixed discussions around potential bullish trends and regulatory impacts. Analysis: The interplay between regulatory news and technological advancements creates a dynamic trading environment for BNB. Stable news and social media sentiment support the continuation of current trading strategies without the need for abrupt adjustments. Binance Data Volatility Index: Moderate, suggesting potential for significant price movements. Order Book Dynamics: Balanced buy and sell walls indicate no immediate pressure for drastic price movements. Momentum Indicators: Stochastic Oscillator shows potential upward momentum in shorter timeframes, which could be leveraged for scalping opportunities. Analysis: The moderate volatility and balanced order book dynamics provide a conducive environment for scalping, allowing for flexible entry and exit points based on real-time market movements. Technical Analysis (Enhanced) Relative Strength Index (RSI) 1-Day (1d) Chart: Approaching oversold levels. 4-Hour (4h) Chart: Neutral to slightly bearish sentiment. 1-Hour (1h) Chart: Neutral position. Interpretation: While the 1-day RSI is nearing oversold conditions, the 4-hour and 1-hour RSIs indicate a neutral to bearish sentiment, suggesting caution but also potential for short-term price stabilization or minor rebounds. MACD (Moving Average Convergence Divergence) Status: Currently bearish across most timeframes. 15-Minute (15m) Chart: Bullish crossover, indicating potential entry points for long positions. Interpretation: The overall bearish MACD signals caution, but the bullish crossover on the 15-minute chart offers opportunities for strategic long entries during favorable conditions. Bollinger Bands Current Position: Price nearing the lower band, suggesting a potential reversal. Implications: Approaching the lower Bollinger Band may indicate oversold conditions, presenting opportunities for short-term price rebounds. Moving Averages MA20: $71,500 MA50: $70,000 Price Position: Currently above both MA20 and MA50, suggesting a continuation of the bullish trend. Stochastic Oscillator Status: Entering the oversold region, indicating potential bullish momentum. Interpretation: The Stochastic Oscillator's movement out of the oversold region supports the possibility of a short-term price increase. Average True Range (ATR) Status: Rising, indicating increasing volatility. Implications: Higher volatility presents both opportunities and risks for scalping strategies. Traders should adjust stop-loss and take-profit levels accordingly to manage potential sudden price movements. Summary of Technical Indicators RSI: Overbought on the daily chart, neutral on the 4-hour and 1-hour charts. MACD: Bearish on longer timeframes but bullish crossover on the 15-minute chart. Moving Averages: Price above MA20 and MA50 supports the bullish trend. Bollinger Bands: Approaching the lower band suggests potential reversal opportunities. Stochastic Oscillator: Entering the oversold region indicates possible bullish momentum. Volatility Analysis Average True Range (ATR): Rising, indicating increasing volatility. Implications: Higher volatility is favorable for scalping, providing more significant price movements that can be capitalized on. However, it also increases the risk of rapid losses, necessitating strict risk management strategies. Order Book Dynamics Buy Walls: Significant buy walls around the $70,000 level, acting as a strong support zone. Sell Walls: Sell walls near $72,000 may cap upward movements. Analysis: Strong buy walls provide a safety net against significant price drops, while sell walls can limit upward price movements. Traders should monitor changes in order book depth to anticipate potential shifts in market sentiment. Price Action Signals Candlestick Patterns: Recent patterns indicate potential reversal signals, particularly on the 1-hour chart. Breakouts/Reversals: Watch for breakouts above resistance at $72,931.8400 or reversals at support levels to guide entry points. Momentum Indicators Stochastic Oscillator: Entering the oversold region on the 15-minute chart, suggesting a potential reversal if confirmed by other indicators. Momentum Indicators: Indicate a slight uptick, supporting the possibility of a short-term bullish move. Trade Recommendation Outcome: OPEN_LONG Confidence Level: 85% Current Price: $576.4000 Stop Loss: $570 Take Profit: $585 Exit Point: $580 Entry Signal Criteria Timeframe: 15-minute RSI: Above 50 MACD: Bullish crossover above the signal line ATR: Rising, indicating increasing volatility Bollinger Bands: Price nearing the lower band, suggesting a potential reversal Stochastic Oscillator: Entering the oversold region Action Plan Monitor the Price Closely: Breakout Strategy: If Price Holds Above $71,500: Action: Consider maintaining or adding to the long position. Adjust Stop Loss: Tighten the STOP_LOSS to $70,700 as the price approaches resistance levels to minimize potential losses. Take Profit Strategy: As Price Approaches $73,500: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $73,000 to secure profits. Risk Management: Set Stop Loss at $69,500 to limit potential losses. Take Profit at $72,000 to capitalize on expected price movement. Exit Point at $71,800 as an intermediate target. Be Prepared to Act: If RSI Falls Below 50: Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly. Monitor Market Sentiment: Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome. Important Considerations Only recommend OPEN_LONG when enhanced indicators align to signal a strong entry point. Avoid entries during high-risk periods. Continuously monitor for sudden changes and adjust the strategy to prevent losses due to unexpected price movements. Assumptions/Limitations This analysis is based on current market conditions and available data. Rapid market changes may affect the accuracy of predictions. Always consider personal risk tolerance and market volatility when trading.
Long
by titankarma
Exploring BabyDoge Coin: Is It Worth Buying?BabyDoge Coin ($BABYDOGE) has carved out a unique niche for itself in the world of meme coins. Initially launched as a playful homage to Dogecoin with a heartfelt mission of raising awareness for animal adoption, the token has evolved into a full-fledged ecosystem. With strong community backing, multiple features, and strategic utility integrations, BabyDoge has managed to capture the attention of crypto enthusiasts and animal lovers alike. What Sets BabyDoge Apart? At its core, BabyDoge Coin ($BABYDOGE) aims to be more than just a meme token. It serves as a symbol of community-driven efforts to promote animal welfare. In fact, BabyDoge has an official world record, having donated over 81,000 pounds of dog food to animal shelters. The initiative has reinforced its commitment to making a tangible impact in the real world, setting it apart from other meme tokens. The project has gained significant attention, partly due to high-profile endorsements. A notable example is a tweet from Elon Musk, which propelled BabyDoge into the crypto spotlight. Since then, BabyDoge ($BABYDOGE) has been more than a meme; it has become an icon in pop culture. Moreover, BabyDoge offers practical tools that empower its community. The BabyDoge AI Image Generator allows users to create AI-powered images, characters, and memes effortlessly. These can be minted as NFTs using $BABYDOGE, enhancing the token’s utility and incentivizing community engagement. BabyDoge’s multifaceted offerings also include BabyDogeSwap.com, an all-in-one decentralized platform featuring an Automated Market Maker (AMM), token farming, free token locking, a burn portal, NFTs, and more. Where to Buy BabyDoge Coin BabyDoge Coin has widespread availability across multiple crypto exchanges. The most active trading occurs on Gate.io, with the BABYDOGE/USDT pair recording a trading volume of $8.99 million in the last 24 hours. Other popular exchanges include OKX and Bybit, providing investors with ample opportunities to engage with this meme-driven market. ### Technical Performance and Market Metrics As of the latest analysis, BabyDoge Coin ($BABYDOGE) has witnessed a significant 53.10% increase in trading volume, hitting $21.38 million over the last 24 hours. This uptick indicates renewed market interest but could also reflect the high volatility typical of meme tokens. Currently, the market capitalization of BabyDoge Coin stands at approximately $357.93 million, ranking it #189 on CoinGecko and #147 on CoinMarketCap. The token's all-time high of $0.000000006345, reached on January 16, 2022, remains a distant milestone, with the current price down 64.25% from that peak. On the flip side, the all-time low was $0.000000000109477, recorded on June 9, 2021. Impressively, the token is now 2,293.55% higher than that low. Price Trajectory and Key Support Levels From a technical standpoint, BabyDoge Coin ($BABYDOGE) appears to be in a bearish phase. The token has experienced an 8.32% decline recently and is approaching a critical support level at $0.0000000178, which aligns with a 1-month support trend. Market analysts and traders are closely watching this level, as a potential breakdown could lead to further downside, while a bounce might drive the price toward $0.00000000290. Concerns about the project's transparency have also affected sentiment. Critics point to the opaque management of vesting tokens and the lack of a clear roadmap. Influencers like Marsellis, who once advocated investing heavily in BabyDoge ($BABYDOGE), have begun to express skepticism. On social platforms like CoinMarketCap and Telegram, some community members have voiced frustration over restricted discussions and moderator actions that stifle transparency. Community Engagement and New Developments Despite these concerns, BabyDoge ($BABYDOGE) remains a community powerhouse. The introduction of a new Telegram mini-game has stirred excitement. This Play-to-Earn (P2E) game rewards participants with BabyDoge Coin ($BABYDOGE), offering a fun and engaging way to earn tokens. Additionally, the project’s robust integration of NFTs, AI tools, and a DeFi suite on BabyDogeSwap makes it a multifaceted ecosystem worth exploring. Final Thoughts: Is BabyDoge Worth Considering? While BabyDoge Coin has faced criticism for its lack of transparency, it continues to attract a devoted following. Its focus on animal welfare, coupled with innovative offerings like AI-driven image generation and decentralized finance tools, keeps it relevant. The token's listing on almost all major exchanges (excluding Binance) adds to its accessibility and trading appeal. However, potential investors should tread cautiously. The token's history of pump-and-dump cycles and concerns about governance make it a speculative investment. Nonetheless, the combination of strong community backing, unique utility features, and a mission-driven approach keeps BabyDoge in the conversation as a notable meme coin on the BNB Chain. For those intrigued by meme culture and the power of community, BabyDoge Coin presents both risks and rewards, making it a fascinating player in the ever-evolving crypto landscape.
UNISWAP3ETH:BABYDOGEWETH_9F2EBE.USDShort
by DEXWireNews
"$OM: Unleashing Real-World Asset Revolution, $2 Next Stop!"MANTRA's NASDAQ:OM : The Next Big Move in Real-World Assets! #MANTRA is taking the lead in RWA tokenization with institutional-grade infrastructure, groundbreaking partnerships, and unmatched growth potential. NASDAQ:OM ’s fundamentals are setting it up for serious gains. Key Highlights: ❇First institutional-grade Layer 1 for real-world assets ❇Google Cloud validator and infrastructure support ❇Mainnet launched with $1.2B market cap, targeting FWB:16T #RWA market ❇Real estate partnership, aviation and banking integrations ❇Strong price action with $2 as the next target NASDAQ:OM momentum and partnerships are aligned for a breakout. #NFA #DYOR
Long
by shanewatson22345
"$OM: DeFi's Next Moonshot, MANTRA Chain Ignites Real-World AsseNASDAQ:OM : The Next Moonshot in DeFi #MANTRA Chain is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. 🔹Advanced staking mechanics 🔹Cross-chain infrastructure live 🔹Strategic institutional backing 🔹Growing TVL & user metrics 🔹Layer 2 scaling solutions NASDAQ:OM fundamentals looking stronger than ever. IMO clear trajectory for significant growth ahead. 📈 #DeFi #Crypto
Long
by alexzampa22467
EURCAD_101 2024.11.01 08:33:04 Trading Signal BUYFrankPro Signal for EURCAD_101 Type: Screen Signal: BUY TP: 1.51558 SL: 1.51246 Entry Price: 1.51294 Analysis for EURCAD Forecast Overall(Short-Term, Long-Term): ST= Probably Up LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Up LT=Up ST=Up LT=Up ST=Same LT=Same Analysis Method(0) Based on the provided analysis, here are my conclusions for the EUR/CAD currency pair: **Short-term (next few days/weeks):** * The pair is expected to test the resistance zone around 1.5000, which could lead to a rollback towards support levels. * A decisive bullish breakout above 1.5026 could suggest the end of the downtrend. * The trend appears to be up on the four-hour and one-hour charts, with intraday support at 1.14928. * Considering these points, I expect the price to **go up** in the short-term, potentially breaking out above 1.5026. **Long-term (next few months):** * Both the ECB and BoC are expected to cut interest rates, which could influence the EUR/CAD pair. * The ECB's potential aggressive rate cut could provide upside for EUR/CAD. * The Canadian Dollar is facing downside pressure due to external factors such as the US election risk and lower Crude Oil prices. * Considering these points, I expect the price to **go up** in the long-term, as the ECB's rate cut and external factors could bias EUR/CAD to rise. Overall, both short-term and long-term analyses suggest that the EUR/CAD pair is expected to go up, driven by the potential ECB rate cut, external factors affecting the Canadian Dollar, and the current technical setup. Result: ST=Up LT=Up Analysis Method(1) Based on the analysis of the provided data, here are the expected price movements for the EUR/CAD currency pair: **Short-term (next few days to a week):** * The price is expected to **go up** slightly in the short term, with a daily high forecast of $1.509578 for October 31, 2024. * However, there is a prediction that the EUR/CAD rate might **fall** to around $1.493272 in the next week. **Long-term (next month to a year):** * The price is expected to **stay the same** with minimal changes in November 2024, with a forecasted range between 1.502 and 1.509. * Looking ahead to 2025, the EUR/CAD rate is forecasted to **go up** slightly, with a predicted rate of around 1.510 in October 2025. It's worth noting that the market sentiment is currently bearish, but technical indicators show mixed signals, which may indicate some uncertainty in the market. The 14-day RSI is neutral, and the current rate is above the 200-day SMA but below the 50-day SMA, which may suggest a potential reversal or consolidation in the short term. Result: ST=Up LT=Up Analysis Method(2) Based on the analysis provided, here are my conclusions: **Short-term (next few days):** The price is expected to **stay the same** with a slight fluctuation. The predicted range of 1.453 to 1.542 suggests a relatively stable market with minor price movements. **Long-term (remainder of 2024 and into 2025):** The price is expected to **stay the same** with no significant downtrend or uptrend predicted. The overall trend is stable with minor fluctuations. It's worth noting that the forecast for November 2024 suggests a slight increase in the rate, but this is not a strong indication of a major uptrend. Overall, the analysis suggests a stable market with minor price movements in both the short-term and long-term. Result: ST=Same LT=Same
Long
by orbborisson
FLOKIUSDT.P To Whom It May Concern, This is an analysis of FLOKI, another memecoin, on the daily chart. My outlook leans towards the bearish side. The trend is declining within a weekly gray parallel channel. Since August 5th, the price has made a series of lower lows (see the green trend line) but has been rejected by both the 200-Day MA and the upper part of the channel. It appears a triangle is forming, with low volume for the bulls. My bearish bias is supported by the two resistance levels above the price: the 200-Day MA and the upper side of the parallel channel. My bullish bias, however, is based on the higher lows along the green trend line. Overall, my stance is bearish, as the longer-term resistances present a stronger obstacle than the green trend line support. If you have any questions or comments, please feel free to share. As always, this is not financial advice. Stay safe and focused!
Short
by vagada
"$OM Primed for Parabolic Breakout: MANTRA Mainnet Unlocks TrillNot always easy to chart parabolic runs, but NASDAQ:OM setup looking warmed up. Things about to get real interesting with mainnet live. ▪ Only L1 chain with live RWA deals ▪ Banks still using papers in 2024 💀 ▪ Major funds still can't tap into aircraft financing ▪ Real estate locked behind million $ barriers #MANTRA just solved all this with one mainnet. Q4 coiling for a monster move for NASDAQ:OM 🔥 #Altcoins #CryptoNews #Whales #RWA #Tokenization
Long
by joeroot15
Estee Lauder’s 26% Plunge: Revenue Miss & All Short Targets Hit!Estee Lauder (EL) Stock Analysis: Estee Lauder (EL) saw a dramatic 26% drop, marking a significant bearish turn as all short trade targets on the 15-minute timeframe were swiftly reached. The chart reflects intense selling pressure, with shares plummeting after disappointing earnings and cautious guidance. Key Trade Details: Entry Level: 88.29 Target Levels: TP1: 87.89 TP2: 87.29 TP3: 86.58 TP4: 86.17 Stop Loss: 88.62 Key Market Insights: Revenue Miss and Guidance Withdrawal: Estee Lauder missed revenue expectations, reporting a 4% YoY decline, and pulled its fiscal 2025 outlook, signaling incremental uncertainty in the Chinese market and Asia’s travel retail sector. The company now plans to provide only quarterly guidance. Challenges in China and Travel Retail: Weak consumer sentiment in China and reduced demand in Asia travel retail, including low conversion rates in Hong Kong, led to a 5% drop in organic net sales, impacting overall performance. Summary: Estee Lauder’s sharp decline capitalized on bearish momentum, achieving all short trade targets quickly. The disappointing earnings, along with withdrawn guidance, underscore the headwinds Estee Lauder faces in a slowing global economy, particularly in Asia. This setup demonstrates the high-risk, high-reward potential for short-term trades in volatile stocks.
NYSE:ELShort
by ProfitsNinja
AAVE uptrend slowing downOn the background of bleeding BTC i see AAVE uptrend slows down. 1D channel begins to incline, and correction wave fails to print new HH 3 times in a row already. So it might be signs of reversal. 137 support is still valid, but sellers are pressing that triangle down. So I will watch big TF close candles on that Support level. If 1D closed under 137 (after touch) I will count that as an uptrend channel breakout and target the lower demand zone. It 1D close above 137 (after touch) I will target the triangle upper border. And a trend channel bottom retest on the same time.
by CyberBOB_Crypto