It caused gold to drop by $100!!!Due to the release of the February non-farm payroll data, gold fell nearly $100. This month, we will soon face the baptism of another major non-farm payroll data, which is a great opportunity for gold traders. As long as we grasp the trend correctly, the profit from a single trade can be considerable. This data will be released on March 10th.
As of the close on March 3, gold has broken through the resistance level of $1850, and the next resistance level of $1860 is within sight. Therefore, in next week's trading, I will continue to go long on gold until the trend changes. I have also prepared myself for the release of the non-farm payroll data, and I believe the results will be very friendly. Let's wait and see.
Here, I will explain how non-farm payroll data affects the price of gold:
The number of non-farm payroll employees is the main indicator of the US employment market, and its impact on gold is significant. Generally, if the non-farm payroll employment number is higher than expected, it means that the US employment and economy are improving, which is good for the US dollar but likely to cause gold to fall. Conversely, if the employment number is lower than expected, it means that the US employment and economy are declining, which is bad for the US dollar but likely to cause gold to rise.
Of course, this is not entirely certain , as unexpected situations may arise. For example, sometimes the market may move in the opposite direction to the data, where the released data is better than the previous value (i.e. bullish data), but gold prices fall. Conversely, sometimes the data is bearish, yet gold prices rise. There are many reasons for this, such as the difference between the released data and the forecast being too small to make a significant impact, the market having already priced in the information before the data release, or other events occurring simultaneously that have a greater impact on the market.
Therefore, when trading, we must pay attention to these aspects of influence and not rely solely on the positive or negative aspects of the data to decide whether to go long or short. I have prepared myself for trading non-farm payroll data, so follow me and let's maximize our profits together!
FARM
Potential for Inverted HSQuick 3 daily chart on FARM/BTC pairing:
- RSI and OBV have been moving up as Harvest Finance moves down vs. Bitcoin.
- Pattern confirmation would be a close and hold above the yellow neckline
Posted on $RARI $DODO $BADGER & $FARM days ago$RARI seems 2b coming to life
Volume good today
$1+ > 2 is possible
$DODO just keeps going
Buy volume still coming in, already did 2x from buys
3x?
$BADGER had nice run, may be losing steam for now
May be time to start nibbling back into $FARM
#altcoin #crypto #altcoins #defi #NFT #metaverse
$MKR break out, $FARM not far, $CEEK gettin ready, $MLN soonCopy paste from all this morning
Pls see profile for more info
$MKR breaking out atm
Volume is weak though
#MAKER has done this many times over last few weeks
If not today it should do it soon
$FARM following
(few minutes ago - Volume coming in for $MKR)
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$MLN #enzyme
Has been slowly creeping up
Look @ buy volume, very good
#MKR has treated us well over the last couple years
#defi #Crypto
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$CEEK broke out of the 11 range but has not pumped
Was shocked at the move but had suspicion it wasn't ready, was right (post from a while ago)
Buy volume coming in = good
As you can see, all sorts of RESISTANCE in the 13 area
WHEN this breaks it'll fly
#p2e #crypto #metaverse
MOST ppl MISSED crypto pump, BULL keeps on these should moveCan only post 1 chart, sorry
This is copy paste
See our profile, pls
Small🧵
MOST ppl MISSED #crypto pump
Should've followed us😉
Called 1st pump & last few runs
IF in BULL MKT what can pump close to 10x?
Using previous tops & projects that have interest still
Already in some & up
NOT RECOMMENDATIONS
$MKR
$FARM
$MLN
$CEEK #CEEK
-
2
MOST ppl MISSED #crypto pump
Should've followed us😉
These could do more than 10x:
$SFUND
$GALA
$JASMY
$ILV
-
3
MOST ppl MISSED #crypto pump
Should've followed us😉
These could do more than 10x:
$AXS
$PYR
$ALICE
$FLOW
Bonus $UFO (previous trade = free position)
$YGG $GODS $THETA $NTVRK $LOOKS $ONE
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4
Girls in bed💤, have few more minutes
MOST ppl MISSED #crypto pump
Should've followed us😉
These could do close to or more than 10x:
$PLA
$RACA
$SOL
$MOVR
-
5
MOST ppl MISSED #crypto pump
Should've followed us😉
These could do close to or more than 10x:
$DOGE - likely break ath
These are #p2e #metaverse #nft
$MC
$ENJ
$WAXP
-
6
MOST ppl MISSED #crypto pump
Should've followed us😉
These could do close to or more than 10x:
$TLM - game has done very well, not pricewise, will likely take hard bull but can🚀 #p2e #metaverse
$COMP
$INJ
#DeFi
$FIL
-
7
MOST ppl MISSED #crypto pump
Should've followed us😉
These could do close to or more than 10x:
$SNX
$GRT
$STORJ
$REN
-
8
MOST ppl MISSED #crypto pump
Should've followed us😉
These could do close to or more than 10x:
$CSPR
$VET
$HOT
Next is final post and SMALLER projects
-
9
MOST ppl MISSED #crypto pump
Should've followed us😉
These could do close to or more than 10x & must be SMALLER projects:
$MOOV
$HERO
$OMI
$STARL
Bonus
$ATLAS $EPIK
#p2e #metaverse #NFT
There's few more but stick a fork in me💤
HAVE A GREAT AND BLESSED WEEK!
Confirmed Inverse Head/Shoulders on DailySuper quick post - FARM has a confirmed inverted HS on the daily chart. Targets on the chart, fails if we lose the neckline - halfway point to TP 1 lines up exactly with the 200 day EMA, which will likely act as a pit-stop as it begins moving up.
Related longer-term bullish FARM chart below:
Did some shopping on this dip $LINK $FARM $ALICE $JASMYDid some #crypto shopping on this dip, had cash from recent sells, still have $
Buying things that haven't moved as much or are likely in process of moving bigger
Nibbled tracker position on $JASMY b4 but bought a building position here
Upped cost basis on $ALICE
#p2e #metaverse #NFT
$FARM & $LINK are more for trades
Although #FARM does move, may reconsider
FARM Wedge and W Pattern TargetsA ton of different alts making the same patterns.
Smaller wedge breakout is headed towards the 200 day EMA (also halfway point towards TP 1) and then TP 1 and then 2.
Smaller wedge reaches all its targets and remains above middle of W pattern, W pattern / double-bottom recovery begins and heads towards its TP 1 and 2 (with its halfway point to TP 1 equal to smaller wedge TP 2)
Longer-term wedge success likely hinged upon all of the above succeeding, while DXY must not turn up quickly and strongly from where it is now (needs to continue moving down below 100, or hang out b/w 101-103 for a good while prior to moving up). Also be wary of Bitcoin Dominance, which looks bullish atm. If conditions are met, long-term target looks to be a slightly lower high double-top, for now.
See related ideas in the links below, again many alts are making nearly identical recoveries along w/ Bitcoin.
Inverted HS breaking out nowReally quick and dirty chart, excuse the poor drawings - FARM is breaking out of an inverted HS on the 4h chart, TP 1 nearly reached already, TP 2 @ around 33-34.
I believe this is the start of a bigger move up on the higher time frames, likely at least to 60-65 (top of HTF range). If it can get and stay above 60-65 and we could see much higher - 95-100 -> 125 to start, possibly 200+.
NOTE - a ton of alts should be making similar moves up, see SUKU as potentially one of the first under related ideas below.
HTF Chart below (3-day):
Double Bottom following Falling Wedge BreakFARM has a couple of bullish signs here. First we broke out of a falling wedge a good while back, and then returned to the same area of lows starting what could be the beginning of a double bottom.
For this to play out, first we need to get back above our most recent highs around ~$60. Should that occur, we could easily see ~90-120, and it's possible the falling wedge break could take us back towards highs near the top of our falling wedge.
Previous idea linked below.
Farm coin / harvest finance cup and handle #farm farm coin cup and handle at play 4hr chart the volume of this very low max supply coin of 690k and still less than £40 a coin still volume was up over in its 1000s% over a week. And don’t forget it yields the highest apy within defi. It’s a no brainier this coin in my opinion can trade easy over 5k a coin
Harvest Finance (FARM) formed bullish Gartley for upto 22% pumpHi friends , hope you are well, and welcome to the new trade setup of Harvest Finance (FARM) with US Dollar pair.
On a 2-hr time frame, FARM has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
FARMHello friends, today I found a very interesting FARM asset on the spot, we see how the coin breaks through the trend levels on the chart, and what kind of reaction goes up.
This means that the coin is very easy to raise, in the near future growth
I took it on the spot for a small order, as I set it high.
Double Bottom Reversal may be in the cardsWeekly chart here shows a possible double bottom on Harvest Finance's BTC pairing.
It's good that we've already gotten above the 50/200 daily EMAs, but we've yet to see a golden cross.
That's what I'm waiting to see here before confidently suggesting we might be in a double bottom reversal, and then obviously confirmation by breaking above previous weekly highs.
Should that all occur, there is a TON of room for FARM to run, even beyond the 0.5x, 1x, 1.5x, and 2x areas shown on the chart here. Will update as things progress.
FARM showing a falling wedge break-outThis is the Coinbase daily chart, which doesn't show FARM's (Harvest Finance) full history on the market, but if we look at the charts that do, they also show a falling wedge breakout here.
FARM has consistently fallen since launching on Coinbase, but has now formed a falling wedge, broken above it, and had at least one successful re-test (thus far on the daily).
OBV has been rising as it fell, and saw a spike here as it broke out of the wedge. For further confluence, Stoch RSI is showing a W pattern and looks to want to spike up.
The chart above displays falling wedge targets for 0.5x, 1x, 1.5x, and looks like it wants to re-visit its highs from around the time it launched on CB.
The above is the bull case for Harvest Finance, however DXY looks like it wants to crush the markets but hasn't yet had a major re-test of areas it has broken out of, which could provide room for a major correction or even a blow off top in stocks and crypto, but if it just takes off, we could see nearly everything go down for quite some time.
Inverted head and shoulders on farm coinLow mc and very very low max supply of 490k due to some token burns I see this coin x20 from here and trading at 5k a coin and 1k coin within months