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
Longsignal
🚀 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..
USDCAD Trendline Break PullbackHi Traders!
USDCAD has come a long way down since the 3-month trendline break, and there is a possibility that the pair is oversold.
Here are the details:
After the trendline break, the market had an aggressive push down and has looked to have consolidated around the 1.33498 level, which is now the support area. If there is a hold above here, the market is likely to pullback upwards.
Preferred Direction: Buy
Entry Level: 1.33900
Stop Level: 1.33410
Target Level: 1.34879
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
🚀🚀 Tesla bullish analysis )💥💥Hello trader’s what do you think about Tesla)
traders Tesla market share prices breaking down retest prices up Rsl)
key levels 248.20
key levels 270.17
key levels 278.01
key levels 297.89
t's year-end and Tesla is in the midst of its final push to meet Wall Street expectations for a record quarter. It won't be easy for the battery-electric vehicle leader to sell almost half a million cars amid higher interest rates and more EV competition. Instead of price cuts, Tesla is using a new tool to move metal: Incentives.
Barron's looked at incentives on Tesla vehicles in inventory. Buyers can get almost $4,000 off several Model Y vehicles plus six months of free supercharging. The charging benefit can be worth roughly $900 or more, depending, of course, on how committed any driver is to using the free charging.
Total incentives can amount to more than 8% of the transaction price. The average incentive on new U.S. car sales in October was about 5% of the transaction price, according to automotive data provider Kelly Blue Book.
That's lower than Tesla, but Tesla's average incentive levels would be lower than 8%. Most Tesla vehicles are ordered with specific configurations from the company's website.
U.S. auto industry incentives have been creeping up for months. They averaged less than 3% of transaction prices for much of 2022, historically low levels, and down from about 9% of the average transaction price in October 2022.
Today, incentives at Tesla span its lineup of vehicles. Incentives on some Model 3 vehicles can amount to almost 10% of the price, including free charging benefits. Tesla is also offering some Cybertruck reservation holders $1,000 off Model S and X vehicles.
(Some Cybertruck orders won't be delivered until 2025. Reservations holders might be interested in another vehicle meanwhile.)
Tesla is trying to have a bounceback quarter after delivering about 435,000 vehicles in the third quarter, down from about 466,000 delivered in the second quarter. Wall Street is looking for about 475,000 units for the fourth quarter, which would be a record for the company.
Tesla delivered about 405,000 units in the fourth quarter of 2022. Wall Street was looking for about 420,000 units and the stock fell more than 12% on the first trading day of 2023. Slowing deliveries also foreshadowed Tesla's 2023 price cuts.
The performance version of a Model Y started at about $63,000 late in 2022. It starts at about $52,500 now.
Tesla stock has weathered the price cuts. Shares started 2023 at about $123 a share. They dropped to almost $100 a share after the disappointing delivery results and subsequent price cuts. Shares enter the week at almost $244 each, up more than 100% from 2023 lows. The strong performance raises the stakes for a fourth-quarter delivery number that typically gets reported on Jan. 2.
After digesting the delivery figure, investors will have to evaluate what higher incentives mean for profit margins. Third-quarter operating profit margins were 7.6%, down almost 10 percentage points year over year.
Wall Street expects operating profit margins in the fourth quarter to come in at about 9%. Doing that with rising incentives will be another challenge for Tesla.🙏💥
Basic forecast and rib structure for golden momentumThe price of gold has cooled down compared to earlier this morning, after reaching its highest point in over six weeks at $2051. It increased by 1.5% for the day and currently remains stable at its seven-month high of $2044.
Gold is expected to continue rising in the near future. The 1-hour chart shows that both EMA lines indicate strong buying pressure. There is a possibility of a correction before the price resumes its strong upward trend, and Samson's perspective emphasizes the importance of this adjustment period.
Key support levels to consider are $2020 and $2030.
There are consecutive resistance levels at $2050, $2060, and $2070.
Scalping XAU! sideway accumulates Gold price today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is facing difficulty in taking advantage of the small gains made yesterday and is fluctuating within a tight trading range, remaining below the significant psychological level of $2,000 during the first half of the European session. Currently, investors are hesitant to make bold bets on the market's direction and are instead waiting for further clarification on the Federal Reserve's plans regarding interest rate hikes.
⭐️ Personal comments NOVA:
Sideway accumulation zone, suitable for scalping. The price trend is still following the rhythm of downward adjustment and BUY recovery
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1988 - $1990 SL $1985 Scalping
TP1: $1993
TP2: $1996
TP3: $2000
⭐️ 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
GBPJPY D1 - Long SignalGBPJPY D1
GBPJPY surged to peak at 188, subsequently retracing to the 185 handle, which aligns with our identified confluence and buy zone. The strategic elements in play include discernible daily (D1) demand, robust D1 support, and the psychologically significant 185 price level.
Additionally, our protective stops are strategically positioned to encompass the preceding lows, fortifying the integrity of the overall trend structure.
AVAX ANALYSIS🔮 #AVAX Analysis - Breakout 🚀🚀
💲💲 There is a breakout of falling wedge pattern in #AVAX in weekly time frame. $20-$22 is a crucial resistance level and if #AVAX holds this level then we will see the price range of $30 in next target. 🚀🚀
💸Current Price -- $20
📈Target Price -- $30
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#AVAX #Cryptocurrency #Breakout #DYOR