Gold's Ultimate Destination: Breaking Down Critical Levels
Trend
-- The price has surpassed the healthy channel from the end of 2022.
-- It is possible that the momentum move is nearing its end and entering an overbought zone.
100% Symmetrical Projection: Uptrend "N" Patterns
There are two "N" Patterns: a Large Purple N and a Small Orange N.
N Pattern's Target Price & Fibonacci Price Cluster
-- The target price of $2356 (Orange N) almost perfectly aligns with two other Fibonacci levels.
-- The target price of $2480 (Purple N at 1.5X) matches with two other Fibonacci levels.
To determine the significance of each target price, a Fibonacci retracement was conducted:
-- Testing from $1810.4 to $2356 (Orange N): few validated price reactions to key levels were observed.
-- Testing from $1984 to $2480 (Purple N at 1.5X): minimal price reaction to key levels was observed.
Conclusion
-- The $2356 target price (Orange N) represents a critical pressure level and may serve as the main target price of this momentum move.
-- In other words, for the momentum to continue, the price must surpass the critical pressure level at $2356.
-- At that point, we will then turn our attention to the second target price of $2480.
Not Financial Advice
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
Fibonacci Extension
FIL and Rank Filecoin on the Weekly Timeframe:
FIL broke out of it's macro downtrend back in October.
It has broken the 20 and 50 Simple Moving Average
It currently has a candle open above the 100 Simple Moving Average
FIL could be a big mover in this bull market, without having to come close to ATH.
This could be a 15x or better to reach the .236 extension.
Not financial advice
Do your own DD
Novice here
Gold could make 1948 as its peak. Buy in the dip!Hi, everyone!
Long time no see..
as i expected there's no severe recession ahead until 2026,
just a few banks and tech startup companies collapsed but not causing a crazy global economic fraud like in 2008...
this time is much more like 1999-2003 dotcom bubble, yes economic activity might be a little bit struggling, but not as insane as 1929 or 2008
I think gold could make its third top (2072) or double top (1948) before its going down to 1000s.
According to my Gann Angle and Gann Level - Fibonacci Combo, at least gold will reach 1948 in just a few days. Best advice i could give to you was BUY IN THE DIP!
Gold still pretty strong because it is still running at average of 2x1 angle or 200pips/daily bar.
Trend changes will only occur when it reaches horizontal SnR (fibo was the most accurate, so far..) and 1x1 angle or 100pips/daily bar (the yellow diagonal line)
I did a color coding on the gann angle to make a fast recognition, strong angle as light green to dark green -- mid level as yellow -- weak level as light red to dark red
Also on the fib/gann level combo, i color coded 61.8 and 38.2 with yellow as an important level that mostly cause a reversal
So, lets break it down..
17/21 March 2023 (Most Important) - I expect the first 1948 top will happen at this day before the news release
22 March 2023 (Most Important) - A 5 days down after the fed's hiking their dollar interest rates, i expect a bearish bias bottoming at 1893 or 1909 or 1917. But sometimes people getting greedy and this could inverted.
27 March 2023 (Important) - I expect Gold has reach 1948.2 level -- but since its weekly stochastic didn't crossover yet, i expect a continuation with a slight reaccumulation at around that area. But because fed rate hikes, i don't know what's gonna happen next
28 March 2023 - Some 2 days of bullish continuation
That's my current expectation for future weeks ahead, i don't give any responsibility in terms of capital loss or etc cuz i could be wrong
Trade safety, and Cheers!
H. Haidar
What to eat while trading Bitcoin? (2025 target)Trading Bitcoin doesn't have to be hard. With proper food, we can increase the probability of our trades. There is no secret that a large part of the Bitcoin community is on a carnivore diet (a meat-based diet). They believe meat, especially red fatty meat, is essential for human health and brain function as it contains hundreds of yet-undiscovered vitamins that cannot be found in plants at all. Meat is extremely easy to digest and does not cause any allergic reactions; in other words, meat is easily accepted as a fuel for our daily activities. Brain function is important in our daily lives, especially when it comes to trading. I will share with you the top foods that are best to eat while trading Bitcoin. It's important to not overcook your steaks, as nutrients get destroyed with heat. That's why many people prefer to eat medium-rare steaks. The carnivore community prefers to eat beef or lamb on a daily basis and they refuse to eat fruits or vegetables.
1. Japanese Wagyu - Wagyu beef is rich in these essential fatty acids, which help reduce inflammation, support brain health, and boost overall wellness. Wagyu beef boasts a higher concentration of CLA, a fatty acid known to assist in fat loss, improve lean muscle mass, and support a strong immune system.
2. Tomahawk / Rib Eye Steak - As a high-fat and high-protein food, a bison tomahawk ribeye steak is a good source of certain nutrients, including protein, iron, and B vitamins. It's an excellent source of protein and fat.
3. Liver - Liver is a super food no one talks about. Liver contains complete mineral and vitamins profile, so you don't need to take any other supplements if you eat it. It's recommend to eat liver on a weekly basis to support your body with all micro and macro nutrients. Liver is not an allergen, so it doesn't cause any issues to the human body. Liver is the most nutrient food that you can eat, especially in raw form.
Let me know your thoughts, what is your favorite food?
GMT will 10x in a few months! Buy nowTechnical analysis
GMT is one of the most promising coins to hold for the next few days and weeks. We can see that the price has been stuck in this rectangular trading range for almost 4 months. Now the price is ready for a massive breakout! It's good to buy GMT now, as pullbacks will probably not be available. My Elliott Wave count suggests that we are now starting a wave (3), which is usually the strongest wave of all of them! What you probably want to do is trade a breakout of the first impulse wave. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Is GMT?
GMT is the native token of the FSL ecosystem, with a fixed supply of 6 billion tokens. GMT is well used in all FSL ecosystem products to be burned, used to unlock various functions and perks.
Satoshi Lab (FSL) is a fast growing web3 product development studio. STEPN is a Web3 app that combines Game-Fi and Social-Fi elements, focusing on encouraging people to move more. Users equip NFT Sneakers to walk, jog, or run outdoors, earning tokens and mystery boxes. STEPN's goal is to promote a healthier lifestyle, help fight climate change, and introduce people to Web3.
XAUUSD - Pullback before another new high??FOREXCOM:XAUUSD had a fairly decent rally last week running into the 1.27% extension Butterfly level of 2192.
Now i'm looking for a retracement to Buy looking for the next move higher towards 2250 where we have 2 1.618% EXT levels to watch.
Wednesday we do have the US Interest Rate decision which will move the market some more, so until then there might be some consolidation.
Larger and smaller TF charts to follow.
Enjoy the week.
Solana Price Analysis: Bulls Eye $230, $395, and $850 Targets
Solana Price Analysis: Bulls Eye $230, $395, and $850 Targets
Introduction
Solana (SOL) is a high-performance blockchain that has seen rapid growth in recent years. The SOL token has reached new all-time highs in 2021, and many analysts believe that it has the potential to continue to grow in the years to come.
In this article, we will take a look at the technical analysis of Solana. We will discuss the factors that have been driving the price of SOL higher, and we will identify potential target prices for the token.
Technical Analysis
The SOL/USD chart shows that the token has been in a strong uptrend since the beginning of 2021. The price has broken through several resistance levels, and it is now approaching its all-time high of $260.
The RSI indicator is above 70, which suggests that the token is overbought. However, the MACD indicator is still bullish, and the price is still above the 50-day moving average.
Target Prices
Based on the technical analysis, we believe that SOL has the potential to reach the following target prices:
$230
$395
$850
These target prices are based on the Fibonacci retracement levels. The 0.618 Fibonacci retracement level is at $230, the 0.786 Fibonacci retracement level is at $395, and the 1.0 Fibonacci retracement level is at $850.
Conclusion
Solana is a high-performance blockchain with a bright future. The SOL token has been in a strong uptrend since the beginning of 2021, and we believe that it has the potential to continue to grow in the years to come.
We believe that SOL has the potential to reach the following target prices:
$230
$395
$850
These target prices are based on the Fibonacci retracement levels.
This article is for informational purposes only and should not be considered as investment advice. Do your own research before making any investment decisions.
EURUSD → Resistance pressure on the bearish trend FX:EURUSD is testing the support of the range formed inside the bearish trend. There is resistance pressure in the market.
Bostic ( Fed ) stated that he now expects only one interest rate cut this year, thus this comment can be read as a hawkish attitude of the regulator. Bostic is often aggressive in his comments after Powell's speech
The dollar index are in a bullish phase, which has a negative impact on the euro. On H4, the price is bouncing off the support and may test the nearest resistance before further declining on the trend.
Resistance levels: 1.08597, 1.08975
Support levels: 1.07958, 1.07030
Technically, against the background of bearish trend, the resistance may affect the price accordingly, which may lead to a retest of the support with a subsequent breakout and decline.
Regards R. Linda!
GRT can 10x in a few weeks! Best time to buy now?Technical analysis
GRT looks extremely good on the weekly chart. We can see that the downtrend ended on a breakout of the red trendline, and since then, the price has been going upward. I believe this coin will 10x in 2024 if you buy it at the current price. We should hit an all-time high in 2024, and in 2025, this coin will continue in the price discovery! Put a stop-loss below my support zone!
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Makes The Graph coin Unique?
The Graph is working to bring reliable decentralized public infrastructure to the mainstream market. To ensure economic security of The Graph Network and the integrity of data being queried, participants use Graph Token (GRT). GRT is a work token that is locked-up by Indexers, Curators and Delegators in order to provide indexing and curating services to the network.
GRT will be an ERC-20 token on the Ethereum blockchain, used to allocate resources in the network. Active Indexers, Curators and Delegators can earn income from the network proportional to the amount of work they perform and their GRT stake. Indexers earn indexing rewards (new issuance) and query fees, while Curators earn a portion of query fees for the subgraphs they signal on. Delegators earn a portion of income earned by the Indexer they delegate to.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
BTT can 200x in the next bull market. Time to buy?BTT (BitTorrent is one of the biggest torrent clients in the world. Fundamentals are strong, and technicals are as well. We have the biggest candle in history; this is a serious business. I am expecting at least 100x - 200x in the next bull market. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
BitTorrent’s original goal was to disrupt the legacy entertainment industry and how consumers obtain content.
Expensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly.
In the early 2000s, BitTorrent became the go-to P2P file sharing platform, with TRON stepping in 2018.
Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as to its own user base.
Among the added features are BitTorrent Speed, which uses the BTT token as part of its operations.
BitTorrent has also branched out into paid services, offering several “premium” versions of its platform which include VPN capabilities and ad-free browsing. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
MTL is starting a mega trend! 1588% profitMTL looks absolutely promising! We are breaking out of the bullish flag pattern on the weekly chart with a strong engulfing candle. The bearish structure is broken, and a new uptrend is beginning. A 1588% profit is very likely if you buy this coin right now. If you want to take a profit early, you can use my first profit target in the short-term.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
About Metal DAO
Metal DAO (MTL) is a utility token that currently governs the stablecoin Metal Dollar (XMD), in addition to providing tiered trading discounts to MTL holders when using the Metal Pay cash & crypto app. Metal Pay customers who own 10,000+ MTL can enjoy 0% fees on all cryptocurrency purchases.
Metal DAO's future utility includes the ability to propose new stablecoins for the Metal Dollar basket, including their allocation ratios, and the option to vote in new stablecoin issuers such as community banks or fintechs.
Metal Pay was developed and launched by Metallicus in 2016.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Rune will 15x in 2024! Buy this coin immediately.Technical analysis
Rune is an extremely bullish coin and will hit a new all-time high relatively soon! It's still a good time to buy this coin and make a very nice 1500% profit this year. Why? As we can see, the coin is breaking out of the descending parallel channel on the weekly chart. Always wait for the rarest, but the retest already happened, so I don't think this coin will go down anymore. You can take the profit early or hold it to my ultimate target, which is a 1.618 FIB extension. Volume is extremely high, we have almost a record, which confirms my idea!
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Makes THORChain Unique?
THORChain enables native asset settlement, allowing users to swap Bitcoin, Ether, Stablecoins, and other coins across 9 distinct blockchains. THORChain does not wrap or peg assets, instead it allows value to be exchanged from one coin on one blockchain to another coin on another chain.
THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed.
THORChain combines a range of novel technologies, including on-way state pegs, a state machine, the Bifröst Signer Module and a TSS protocol to seamlessly facilitate cross-chain token swaps permissionlessly. This is all kept behind the scenes, making the platform accessible to even inexperienced traders.
The protocol isn't profit-oriented. All fees generated by the protocol go directly to the participants eg. node operators and liquidity providers, and there are no provisions for the team. Instead, the team is incentivized by simply holding RUNE — just like everyone else.
THORChain enables Streaming Swaps which allow large swaps to be broken up into many smaller swaps over time, which significantly reduces swap fees for users.
Other than swaps, THORChain offers single-sided liquidity provision through Savers. Users can provide Layer 1 assets such as BTC and earn single-sided yield without impermanent loss.
THORChain also hosts a flagship Lending protocol where users can borrow against their native BTC or ETH and receive a USD-denominated debt in the asset of their choosing. The loans have no liquidations, no interest, and no expiration.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
$RZI Approaching potential break outRaiz is heading towards a break out from the current downtrend with potential for a golden cross scenario if consistent buy pressure continues.
The SP is currently at support level of 0.39c and has been trading sideways within the range of 0.375 - 0.39c since February this year.
200 EMA is sitting right on the key resistance level of 0.415c, breaking this will signal a potential run back to around the ~0.50c level in line with fib extension levels.
Finally, RSI showing higher lows also indicating a bullish sentiment going forward.
Doge Killer BUllish OutlookBITMART:LEASHUSDT is done consolidating, it seems. Breakout with a very high volume and a long wick to rediscover.
Leash is ready to 14x from here.
TP1: 1,292
TP2: 3,608
TP3: 10,000
SL: 500
Tea is good for the SOLGrab your favorite cup. Put a pot of water on the range.
Non decaffeinated will help control the jitters. Id suggest earl gray or chamomile.
Drew this one out after the cup formed.
Cup and handle. C+H. Tea time.
Measured move would be the depth of the cup. These situations usually play out to the 3.618 extension to the minimum.
Fib extensions pulled from top to bottom and from cup neckline to base. both sets of fibs will offer insight into the price action to come.
Don't sleep on this chart if you are looking for alt coins to rotate into.
NFA
Do Your Own DD
Target price FALABELLA S.A. / Precio objetivo FALABELLA S.A.ENG
Together with measurements of Fibonacci Expansion, Fibonacci Retracement, using the BCS:FALABELLA golden system, we are certain that the price of #Falabella must reach the following bullish prices:
-2720
- 3270 (Short-term target)
-3700
-4080
-4350
-4650
-5100
Currently BCS:FALABELLA is trading at a value of 2477.
When to buy?
As measured with Fibonacci Expansion, there is a market debt at 2245 .
Our optimal price to buy is between 2265 and 2180.
When to sell?
As a minimum objective, 3,270 CLP per share will be sought in the medium term. Even if it were to be bought now (2477) there is a 30% distance to reach objectives.
____________________________________________________________________________
ESP
Junto con mediciones de Expansion de Fibonacci, Retroceso de Fibonacci, usando el sistema BCS:FALABELLA áureo, tenemos la certeza de que el precio de #Falabella debe llegar a los siguientes precios alcistas:
-2720
- 3270 (Objetivo corto placista)
-3700
-4080
-4350
-4650
-5100
Actualmente BCS:FALABELLA cotiza por un valor de 2477.
¿Cuando comprar?
Según medición con Expansión de Fibonacci, hay una deuda de mercado en 2245 .
Nuestro precio optimo para comprar es entre 2265 y 2180.
¿Cuando vender?
Como objetivo minimo se buscará al mediano plazo los 3270 CLP por acción. Incluso si se llegase a comprar ahora (2477) hay un 30% de recorrido hasta objetivos.
QKC - 1400% profit in 2024, best time to buy!I am giving you this information in advance! Just before a huge pump that is going to happen very soon. Why? We have a very long accumulation phase by whales on the weekly chart (670-day). Usually, after such a long time, there is a great expectation for such a move. From the Elliott Wave perspective, we have a bullish (1)(2)(1)(2) combo (nest) which is pretty much the dream of every Elliott Wave trader. This coin is definitely something you want to consider, you still have time to do your own research as the price is still inside the accumulation phase. I provide you with 3 profit targets; now it's up to you which one you choose and how long you want to wait for it! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
About QuarkChain
The QuarkChain Network is a permissionless blockchain architecture that aims to meet global commercial standards. It aims to provide a secure, decentralized, and scalable blockchain solution to deliver 100,000+ on-chain TPS. The main features of the QuarkChain Network are:
Flexibility: QuarkChain is a public chain that can support multiple consensuses, multiple transaction models ( including virtual machines VMs), ledger, and token economics in one network. It can reportedly adapt to blockchain innovations by customizing consensus, transaction model (including VM), ledger, and token economics in each shard so that to satisfy different requirements of different industries/enterprises/DApps. The network supports two consensus algorithms, PoW and PoSW ( a combination of PoS+ PoW). More consensus algorithms (DPoS, PoS and etc) will be added into different shards in the future. It is EVM-compatible - every DApp deployed on Ethereum can be deployed in QuarkChain. The team plans to add more virtual machines (e.g. EOS VM) in different shards so that developers have more choices.
Scalability: QuarkChain aims to deliver 100,000+ on-chain TPS. Currently, 55000+ peak TPS has already been achieved in TPS competition held within the community
Decentralization: QuarkChain has a two-layered structure and encourages individual miners with different levels of capability to mine directly without joining mining pools. People can choose to mine either in the root chain or in the shard.
Great Usability: QuarkChain supports Native token which enables each shard to have its own tokeneconomics. It also supports scalable cross-shard transactions. Only one account is required to access entire resources in all shards, and smart wallets simplify the management.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
📈TON Breaks ATH: Eyes on $6-7 Target?🚀🔥🔍TON coin has recently shattered its all-time high (ATH) with a convincing candle on the weekly timeframe, marking a significant 32% move from the trigger candle. The uptrend appears to be continuing, with a potential next target range around $6-7 based on Fibonacci levels. If you bought at lower levels, it is advisable to hold for now.
✨Taking a glance at the annual pivot points, TON has reached the R2 level and seems to be consolidating. Observing the reaction at this level will be crucial in determining the next move. A break above R2 could indicate further upward momentum, while failure and a trigger candle might signal a potential sell-off.
📊The recent influx of volume into this coin over the past two weeks suggests strong interest from investors. If there's a reaction to the annual R2 level, monitoring the trendline drawn can provide insights. In case of a breakdown and confirmation candle, selling could be considered.
💥The RSI oscillator has entered overbought territory, signaling a potential sharp movement similar to the recent 30% surge. Fundamentally, TON is associated with the Telegram messaging platform. If you believe in the widespread adoption of this messenger, investing in its coin could be lucrative.
🛒Waiting for a pullback to the trendline with confirmation from a candle could be a viable strategy if you're still on the sidelines. Keep an eye on the market dynamics and react accordingly for potential profit opportunities.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.