Polygon Chart Analysis: Daily and 4-Hour PerspectiveWe're eyeing a particularly interesting chart: Polygon BINANCE:MATICUSD . On the daily chart, we're observing a very discernible cycle. While we've certainly seen very impulsive upward and downward movements in our last bull market, we've been convinced since the summer of 2022 that we completed a downward correction and have since developed a Wave (1) and (2) with an overshooting B, now finding ourselves in the overarching Wave (3). This should, at a minimum of $2.
🔎 Zooming into the 4-hour chart, we've hit our 50% retracement limit order for the subordinate Wave 2 at $0.74, witnessing a very nice correction to this limit order. On closer inspection, we have an Expanded Flat with Wave B at 138%, which is the maximum for an overshooting Wave B. Thus, this scenario seems to be accurate.
📉 However, there's always a chance that we might dip again, possibly retesting the 50% or even the 61.8% levels. Yet, we should ideally not drop below our 78.6% mark, which is our $0.60 level. Falling below this would make it highly unlikely that we're still dealing with a Wave 2, and should we fall under the 78.6%, we must consider the possibility of a decline to the origin point X, $0.49.
Longsignal
TESLA Set To Grow! BUY!
My dear friends,
TESLA looks like it will make a good move, and here are the details:
The market is trading on 212.19 pivot level.
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 - 228.50
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
UNIONBANK go long ifit crosses 116
enter @ 116.10
stop loss: 112.70 (if stop loss is hit then loss is 11.5% so take entry if you are capable to take the loss of 11.5%)
target: 141.70 ( if worked then the profit will be 22% with risk from buying level is 11.50%)
NOT SEBI registered , so do your own analysis to take the entry , this is my analysis according to which i may trade.
USD/ JPY !! continue to increase the price trendline⭐️ Smart investment, Strong finance
⭐️ USD/ JPY INFORMATION:
During the Asian session on Thursday, the Japanese Yen (JPY) has gained ground against the American counterpart, breaking a three-day losing streak. It had previously reached its lowest level since November 28. The JPY's relative safe-haven status is being supported by a generally weaker risk tone and the subdued price action of the US Dollar (USD). However, the upside potential is limited due to expectations that the Bank of Japan (BoJ) will maintain its ultra-dovish stance in response to factors such as a recent earthquake in Japan, declining inflation rates in Tokyo, and weaker wage growth.
⭐️ Personal comments NOVA:
The upward price trendline is still very nice, testrend to then have more BUY power
⭐️ SET UP USD/JPY PRICE:
🔥BUY zone:147.750 - 147.600 SL 147.100
TP1: 148.100
TP2: 148.400
TP3: 148.700
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
AUDUSD: Daily Long Signal - 24-01-18AUDUSD: Daily Long Signal - 24-01-18
Set-up: D AC.4
Entry Price: 0.65700
Take Profit: 0.66720 120 PIP gain
Stop Loss: 0.65100 60 PIP Stop Loss
Risk To Reward: 1 % For a 1.7 % Return
Could use a dynamic stop loss and take profit but that's my own personal strategy.
I Also could scale in with my trade plan as well.
Once All risk is off the table
EURUSD Pullback To Previous Support BreakHi Traders!
EURUSD has found support and is targeting the previous breakout level for a re-test ahead of ECB President Lagarde's speech.
Here are the details:
The market has found strong support at the 1.08555 level, and the price action looks bullish; the lows and highs are starting to get higher, and the price is pulling back near the previous support break at 1.09102, which is now resistance. Additionally, the market is pulling closer to the 20 EMA.
The plan here is to enter near the support level around 1.80555 and target exits near 1.09102.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance: 1.09102
Support: 1.08555
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Gold's growth momentum continues⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is experiencing slight increases above the $2,050 level in the early Asian session on Tuesday. The rising tensions in the Red Sea and the prevailing risk-off sentiment favor the demand for safe-haven assets like gold. Currently, the gold price is being traded at $2,055, registering a 0.06% gain for the day.
In the meantime, the US Dollar Index (DXY), which measures the value of the USD against a basket of currencies used by US trading partners, continues to consolidate near 102.60 since the beginning of the year. The yields on Treasury bonds are decreasing, with the 10-year yield currently at 3.95%.
⭐️ Personal comments NOVA:
Today's FOMC meeting will partly determine the Gold trend for the week, along with news of military tensions that will have a positive impact on Gold and precious metals.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2040 - $2042 SL $2034
TP1: $2050
TP2: $2058
TP3: $2067
🔥SELL GOLD zone: $2067 - $2069 SL $2075
TP1: $2060
TP2: $2050
TP3: $2040
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
USDCAD Approaching Monthly HighHi Traders!
USDCAD is approaching its monthly high, and there are opportunities for long entries to target the monthly high.
Here are the details:
The first resistance at 1.34146 (which will now act as support) has just been broken, and the next targert looks to be the second resistance at 1.34430, which is also the monthly high.
We are looking for 1.34146 to hold as the new support. The plan here is to buy dips around this level to target levels near 1.34430. As 1.34430 is the monthly high, there is likely to be strong selling pressure at this level.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance (MONTHLY HIGH): 1.34430
Support 1 (PREVIOUS RESISTANCE 1): 1.34146
Support 2: 1.33433
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
🚀 Professional Trading Signal for ATOM/USDT 📈🪙 Asset: ATOM/USDT
💰 Current Price: $10.257
📈 Potential Upside: 7-8%
⏳ Timeframe: Short Term
Strategy: Enter at the current price with a target to sell for a 7-8% profit. Use a stop-loss to manage risks.
Always remember to conduct your own research and manage risks when engaging in any trading activity.
Strategic Long Trade: Unlocking Potential Profits in #SEI #SEI long trade setup:
Entry Point:
Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions.
Additional Entry: Add more positions up to $0.661. This level is identified as a potential strategic buying opportunity.
Target Prices:
Set specific target prices at $0.78, $0.85, $0.92, $1.01, and $1.2. These levels represent potential profit-taking points as the price moves upward.
Stop Loss (SL):
Set a stop-loss at $0.66. This level is considered mandatory to effectively manage potential losses. A stop-loss is a risk management tool that automatically sells the asset if the price reaches a specified level, limiting potential downside.
Leverage:
The recommendation suggests utilizing leverage based on individual risk appetite. It emphasizes the importance of exercising caution and choosing leverage wisely. Leverage amplifies both potential profits and potential losses, so it should be used with care.
Cautionary Note:
Emphasizes the importance of doing your own research (DYOR) before making any trading decisions. This reinforces the idea that the provided information is not financial advice.
In summary, the recommendation outlines a long trade setup for #SEI, providing specific entry points, target prices, and a stop-loss level for risk management. It also advises caution with leverage and underscores the significance of conducting personal research. As always, the information is not financial advice.
NAS100 Bullish Scenario: The Only Long I See (Daily/1 Hour)Fundamentally, 2023 was a strong year for stocks notably tech, which has created a strong bullish anticipation for 2024. We are in the midst of a CPI release coming this Thursday on the 11th. It is obviously the most important data release of the year (since we're 9 days in lol). More seriously it is the factor that WILL determine the move to come (no shit). By default I am bullish for speculative and technical reasons so I propose a rational entry for a long position assuming the show will go on. Here is the technical reasoning:
1. Price wicked perfectly on the DAILY 'bullish' 0.618 fib level during the Friday 5th session. This serves as our first bullish signal.
2. Throughout the session an intermediary range was created with a high that will serve as our BOS ('break of structure') line.
3. Throughout that same session and the following session (Monday 6th) price bounced twice, precisely, on its fib 'reload zone' which is the area that ranges between 0.618 and 0.782 (0.702 is extremely effective). These zones tend to render good entries if it's line with the general outlook (fundamentals + daily/weekly trend + general analysis). This serves as our second bullish signal.
4. With our BOS (third bullish signal), an FVG ('fair value gap') was formed. I couldn't explain why it works but with back testing and live testing, it changed the game for me. This FVG serves as another entry point. Why this FVG and not the ones above? We want the one with the highest probability of success so we pair it with the 'reload zone'!
5. By tracing a trend-based fib, which honestly I just learnt how to use today, you'll notice how price reacted perfectly to the 1.702 fib. This is just a way to increase the legitimacy of my analysis and to seem like I know things. But it is a high that we'll use for our potential profit taking (spoiler!).
6. The trade: we have a confluence of factors which giveth the highest success probability (in my opinion) for an entry point (EP) IF we are backed by a strong data release. So EP:16430, MAX SL:16240 / MIN SL: 16330 (based on the low of the FVG) and TP1: 16675 (the high/fib 1.702) / TP2: 17000 (a nice round number which is a good target since it represents a strong psychological bias for all traders). This gives a good RR 1:3 so in the midst of the CPI release which could basically f*** everything up, I wouldn't risk more than 1%. For trade management put the SL in BE when price has taken TP1.
Note: if the CPI is very bullish, just leave approx. 20% of the position to flow to new highs (TP3).
NFA and happy trading! :)
FILL READY FOR LONG 4HFilecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network where users pay for data storage and distribution services in $FIL. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
Filecoin is open-source and decentralized, which means that all governance is in the hands of the community. On the Filecoin platform, developers have the opportunity to create cloud file storage services like Dropbox or iCloud. Anyone can join Filecoin and start storing their data or earn money by providing space for someone else's funds. The creators of Filecoin opted for their blockchain technology to run the network and their token with their own consensus.
TSX:FIL is the native currency of Filecoin that powers the entire network and all processes. Clients pay for transactions in FIL tokens. Miners place FIL as collateral, guaranteeing their services.
The developers claim that Filecoin solves the problem of inefficient file storage and retrieval. Customers can find the right solution with an efficient set of tools and its core development, IPFS.
LONG MASK 3HMask Network is a protocol that allows its users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top.
Mask Network was initially launched in July 2019, with its first use case of allowing Facebook and Twitter users to encrypt posts on the social media platforms. It then raised $2 million in a funding round in November 2020, co-led by HashKey and Hash Global, and a further $3 million funding round in February 2021 with participation from Digital Currency Group and Fundamental Labs.
Now, Mask Network offers the ability to fund Gitcoin grant campaigns directly from Twitter, as well as plans to offer peer-to-peer payments and decentralized storage functionality. It is a decentralized portal that also allows users to use DApps like crypto payments, decentralized finance, decentralized storage, e-commerce (digital goods/NFTs) and decentralized organizations (DAO) over the top of existing social networks without migrating, creating what is referred to as a decentralized Applet (DApplet) ecosystem.
⬆️ EURGBP) BULLISH) analysis) ⬆️⬆️hello trader’s what do you think about Eurgbp)?
The pound rose slightly on Friday as the dollar slipped while investors waited for data on the Federal Reserve's preferred gauge of inflation.
Sterling
GBPUSD
was up 0.36% at $1.2736 and was set for a weekly gain of 0.45%. The euro
EURUSD
was down 0.26% against the pound at 86.55 pence.
The pound has risen for five of the last six weeks against the dollar as investors have ramped up bets that the Fed will cut interest rates sharply next year after consumer price index inflation slowed to 3.1% in November.
The November personal consumption expenditure (PCE) index, the Fed's favoured measure of price pressures, is due at 1330 GMT on Friday.
Data on Friday showed the UK economy shrank 0.1% in the third quarter of the year.
Yet FX investors may have been paying more attention to separate figures that showed British retail sales jumped 1.3% in November, more than expected.
"Today’s release provided some festive cheer for retailers," said Alex Kerr, assistant economist at Capital Economics.
"But with higher interest rates still percolating throughout the economy, we doubt that there will be a continued rise in sales volumes early next year."
In their 2024 outlooks, many strategists tipped the pound for a solid year on the basis the Bank of England would not be able to cut interest rates as much as the Fed or European Central Bank, making British bond yields more attractive.
That idea was called into question earlier this week when data showed that UK inflation slowed to 3.9% in November, more than expected, from 4.6% in October.
Investors think the BoE is likely to cut rates by 140 basis points next year, according to pricing in derivatives markets, up from about 120 bps at the start of the week.
The dollar index
DXY
, which tracks the currency against six major peers, was last down 0.22% on Friday at 101.55.
AUD/ JPY !! 12/28/23 How do you judge people?⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Hard support zone, selling volume gradually lower. Set up BUY signal
⭐️ SET UP AUD/JPY PRICE:
🔥BUY zone: 96.450 - 96.350 SL 96.000
TP1: 96.750
TP2: 97.000
TP3: 97.300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
BIGTIME! WHAT TIME IS IT? BIGTIME! LONG ENTRY : BUY SIGNALThis little fan-favorite has been lost in the rabbit-hole for weeks, causing chaos and confusion and never hitting the $0.35 target I so badly wanted to see reached.
No matter..
It appears to have returned from rehab a happy, reformed and more importantly, compliant crypto..
Right..
So..
ENTRY: ~$0.572
TARGET: $1.38
AUCTION:USDT : FOOL ME ONCE : LONG TRADE SIGNALSo, I'm happy to report that "fool" I am not, although it was touch-n-go for a minute there..
I very nearly repeated the exact same mistake made on BIGTOE; calling the reversal too soon..
So, like any self-respecting politician, I'm doing a 180 turn and reversing the most recent call I made on AUCTION.
It's on it's 3rd run which should then be followed by the continuation retracement, so I apologise for the confusion, but you'll have to turn that puppy around or it won't be pretty.
The good news is that I have a clear and reasonably certain target to give you, and reversing the position right away will recover any losses and then some.
Here's the trade:
Entry from current level: $44.95
TP / Exit (Short entry) : $59.50
This should be a quick run, so don't spend time deliberating and second-guessing this update, I've already completed that exercise and these are the results.
At the top of this run, you can set a short ~$60.00, which is guaranteed to make your day.
Let me know if you need additional guidance or assistance.
Go! Do it..