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Highandlow

EURAUD: When China's news make Aussie and other Asians strong! My dear friends, Thursday, 14 September, 2023 and ECB interest rate decision is on the way. We'll wait for confirmations. But before ECB meeting, series of several bad economical news over China's financial stability were published. Market reacted to them rationally. Suddenly the red dragon start to regain it's reputation. Good news for China means stronger Aussie, Kiwi and Yen! A personal belief: Markets are not optimist to China's long-term relations with the free world and it makes them avoid longer term investing on Asian currencies. We could expect a more bearish weeks for them in next months, however, we don't hold that much so a mid-term bearish correction could be a opportunity for us! Regarding the weekly chart, some more corrective weekly candles are expected. snapshot Considering the daily timeframe, market structure has changed so there could be a stop hunt around 1.68950 snapshot The horizontal level could be a high probable and good R-to-R entry point. Levels are based on: Order-blocks, Pivot Points, Support and resistance and Reversal points.
Short
by AliSignals
Mt.BFX | Tezos XTZ Structure Map | $900The analysis includes multiple methods of technical analysis to produce a map. The labels for the chart and what the chart says are on the chart itself, more information about how to create a chart like this will come with updates to this idea. A quick rundown of what I do use are: Trend Line to extend from two lowest structure closes. Horizontal Ray tool to mark off structure highs and lows on the Monthly Timeframe. Box tool to mark off Monthly and Weekly gaps in price action. Fibonacci tool using Powers of Two or Binary numbers to plot growth lines originating from two of the lowest close values. This cancels the logarithm out when using a logarithmic chart. What do the boxes mean? Red Box - Monthly TF Gap Down White Box - Monthly TF Gap Up Orange Box - Weekly TF Gap Down Blue Box - Weekly TF Gap Up I predict the price to move away from $8 and break into triple digits over the long term. The price targets are as follows: $7.30 $14.60 $28.80 $57 $114 $227 $456 $900 With a price at $900 per coin, the Tezos platform would be valued at $798,181,180,200 for the total supply, not that in circulation as of 26th August 2021. $227 is a conservative estimate valuing the platform at $201 billion. This is not financial advice.
KRAKEN:XTZUSDLong
by Mt.BFX
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