Major
GOLD- Starting a major 27% correction Gold enters a significant downward phase, initiating a major 27% correction from its recent highs. This substantial retracement highlights a shift in market sentiment, potentially driven by economic data, central bank policies, or shifts in investor demand. As prices adjust, traders and investors brace for the impact, analyzing whether this marks a temporary pullback or a longer-term trend reversal in the precious metals..
Telegram's Pavel Durov Endorses MAJOR TokenIn an unexpected show of support, Telegram CEO Pavel Durov has endorsed the MAJOR token, committing to hold 1% of its total supply for the next decade. This bold move not only opines Durov's faith in MAJOR's ecosystem but also marks a significant moment for the token's market trajectory. Here, we delve into both the technical and fundamental analyses to explore what this endorsement means for investors and enthusiasts alike.
Fundamental Strengths of MAJOR
Seamless Integration with Telegram:
MAJOR's strength lies in its deep integration with Telegram, a platform boasting over 700 million monthly active users. This integration allows MAJOR to leverage Telegram's vast user base for its mini-app ecosystem, providing a fertile ground for growth and adoption. Durov's endorsement is not just a vote of confidence but a testament to the potential he sees in this synergy.
Innovative Ecosystem Expansion:
- NFT Rentals: MAJOR plans to introduce username NFT rentals, a novel feature aimed at enhancing user engagement and creating a new revenue stream.
- Gaming Hub: An upcoming gaming hub could tap into the growing trend of blockchain gaming, offering a new utility for the token.
- Digital IDs: This feature aims at providing secure, blockchain-based identity solutions, potentially increasing the token's necessity within digital interactions.
These features are designed not only to sustain but to potentially accelerate the growth of MAJOR's community and usage, which has already seen remarkable figures with 70 million users in just five months.
Market Cap and Tokenomics:
Although specific circulating and total supply details are currently unavailable, the token's planned distribution includes a strategic allocation for marketing, liquidity, development, and team retention, with a notable portion dedicated to Durov's holding. This structure aims at ensuring stability and long-term growth over speculative volatility.
Technical Analysis
As of writing, SET:MAJOR trades at $1.10, experiencing a 24.15% drop in the last 24 hours. Despite this dip, the token's futures on OKX are priced at $1.43, suggesting a market anticipation for a potential rebound.
The 15-minute chart shows MAJOR forming a bullish symmetrical triangle, with a breakout expected around $1.20. Breaking above this level could signal a strong reversal, especially given the token's recent downturn.
Volume and Interest:
With a 24-hour trading volume of approximately $117 million, there's considerable interest in MAJOR, reflecting its market activity and liquidity, especially around its listing events.
Implications of Durov's Endorsement
Pavel Durov's commitment to hold SET:MAJOR for 10 years is a significant psychological booster for investors. It signals:
- Long-term Vision: Durov's long-term holding strategy implies a belief in the project's sustainability and growth potential.
- Community Trust: His involvement likely enhances trust and interest from the broader Telegram community, potentially leading to increased adoption.
- Market Stability: By not selling, Durov could help stabilize the token's price, reducing the risk of significant sell-offs in the short to medium term.
Conclusion
MAJOR's listing on six major exchanges today, coupled with Pavel Durov's endorsement, positions it uniquely in the crypto market. The blend of its prospects through innovative features and a robust integration with Telegram, alongside a promising technical chart pattern, suggests that MAJOR could be on the cusp of a significant price movement. However, investors should remain cautious, considering the high volatility and the speculative nature of the cryptocurrency market. As always, the crypto space demands a balanced approach combining both fundamental understanding and technical vigilance.
Disclaimer: Cryptocurrency investments are subject to high market risk. The analysis provided herein reflects current trends and insights but should not be construed as financial advice. Investors must conduct their own research and consider their risk tolerance before investing.
MAJOR, What to Expect!Watch 4H:
- No BoS, No minor trend!
Strong Bearish ➡️ Target: $0.64
Strong Bullish ➡️ Target 1: $2.99, Target 2: $4.56
Analyze at target.
Telegram Games==>Share your experiencesToday, I want to talk about Telegram programs or games that are added to their number daily, and share my experiences from these programs or games with you.
I would be happy if you share your opinion or experience with me.
First, the purpose of these programs/games is to introduce the project and their tokens to the users, and for this purpose, they give their own tokens to the users in the form of Airdrop.
Now, let's see what Airdrop means.
What is the Airdrop!?
An airdrop in crypto is when a project distributes free tokens or coins to users' wallets, often as a marketing strategy to promote the project or reward existing holders. Users may receive these tokens by holding a specific cryptocurrency or completing simple tasks.
First, I must say that what has been proven to me in the cryptocurrency market is that the crypto market has had seasons over the years, such as NFT, Metaverse, Memes, Defi, etc. This means that in these seasons, the tokens of each season have increased and received a good reception, and always the first ones in each season gave a good reception and profit to the users, and with the passage of time, their reception decreased, and then it was the turn of scam projects in It has been every season.
I gave these explanations to say that I think we are in the middle or end of Telegram's program/games season. The season began with the BINANCE:NOTUSDT was obtained by tapping to earn and introducing friends. In the Notcoin project, users received good profits.
After the BINANCE:NOTUSDT project, the Hamster game , which is supposed to be listed on September 26 in various exchanges (perhaps the price of each $HMSTR token is equal to $0.01 ), was well received by Telegram users. If the Hamster game is listed at a price of $0.01 in various exchanges, it will disappoint many users because there are few users who have more than 10,000 $HMSTR tokens, and it could be a sign of the end of the season of Telegram programs/games.
How many $HMSTR tokens did you get in Hamster!?
In the coming days, tokens of other games are going to be listed in different exchanges, for example, today the game Rocky Rabbit with GATEIO:RBTCUSDT token was listed in different exchanges, which disappointed all its users.
Now I decided to share my personal experiences with you from some of the trending Telegram games.
Catizen :
Catizen game with BINANCE:CATIUSDT token was listed on 2024 September 20 in various exchanges. Catizen game was the most famous game that was listed in different exchanges after Notcoin, although those who spent money in the game were awarded a good number of tokens, but those who played the game for more than 5 months were awarded a small number of OTC:CATI tokens. which brought the dissatisfaction of the users of this game.
In terms of entertainment, the Catizen game seemed to be boring and time-consuming.
--------------------------------------------------------------------------
Rocky Rabbit :
Rocky Rabbit game with OTC:RBTC token is listed in different exchanges today and according to the number of tokens given to users according to the time they spent in the game, it really disappointed its users.
In terms of the game space, the game is very time-consuming, the interesting point of this game was that you had to give 0.5 TON to the game to withdraw your tokens, otherwise 45% of your RBTC tokens would be burned and according to the number of tokens that Users are credited and the price of RBTC token, Rocky Rabbit game is like a scam project in my opinion.
--------------------------------------------------------------------------
MemeFi Coin :
Memefi Coin game, which is going to be listed in various exchanges on October 9, 2024.
The gameplay of Memefi Coin is so boring that you have to go through 15 levels. This game has also recently activated in-game payment and you can spend the work of someone who spent several months to go through different levels by paying 23 dollars in one day. I think this game is only looking for income in the last few days.
--------------------------------------------------------------------------
There are many games, and if I try to analyze them all for you, you might get tired; let's go to the conclusion.
My analysis of Telegram games is that with the listing of the Hamster game token, we are approaching the end of the season of Telegram games and these games are very weak in terms of entertainment and only take the time of the users and the main winners are the game creators because according to When you play, you will definitely have a low reception, so I advise you to only look at these games as entertainment, although in terms of entertainment, I think these games are of low quality.
And if the Telegram game token is listed, it is better to sell it immediately, because with the passage of time, the price of these tokens will decrease at least for a short period of time, because the users received free tokens and were waiting for the sale of these tokens for several months, and for sure, the selling pressure will be high.
Also, be careful of SCAM programs/games because surely SCAM games will increase as these games become a trend.
In my opinion, the best game that didn't take much time was BINANCE:DOGSUSDT , do you agree with me?
I would be happy to share your opinion and experiences about Telegram programs and games with me in the comments!?
Is there a Telegram game or program that you think has a good future!?
If you can analyze every game below this post like me, this post can be a source for these games.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks
EUR/USD Trade Setup 1-Hour TimeframeLast week, we anticipated EUR/USD would reach the major supply zone, but instead, the price formed a new, minor supply zone. This was followed by a doji and a close below candlestick pattern, providing a solid confirmation from the minor supply level.
The trade was executed based on this candlestick confirmation at that level.
Now, we wait.
Remember, once you have full confirmation on a trade, don’t overthink execute the trade and stay patient.
SELL TRADE SETUP ON NZDUSDHey Trader,
Check this analysis out on NZDUSD
After the FOMC data that simply put Dollar in a more stable state, NZDUSD has successfully retested the previously used Resistance zone (Trendline) and is moving toward the downside as trend continuation, possibly after the break of the flag pattern
Keep a close tab on this one.
TRADE PLAN ON USDJPYHey Trader,
Check this analysis out on USDJPY
After the FOMC data that simply put the Dollar in a more stable state, USDJPY has successfully broken the demands zone and it is yet ravaging above the second main support area, looking forward to that zone being broken, and then we go to a sell trade
Keep a close tab on this one.
CHFJPY - Already Over-Bought 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉CHFJPY has been overall bullish trading inside the rising wedge in blue, and it is currently approaching around the upper bound / trendline.
Moreover, the zone 170.5 is a major previous high.
🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green major high and upper blue trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As CHFJPY approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
TIA overbought going to begin a major correction ?Overbuyin
Drasticly volume decrase
Uptrend close to breakout...
I've start a little Short X10 at 6.821
Midrange short target: 5.25$
This is not a financial advice.
Do your own analyse.
Its just to share with people that is interested....
Have a good day !
EUR/USD Forecast: Analyzing the Future OutlookWe had anticipated the price to reach the highlighted red area during this week’s trading session, but it fell short of our expectations. Despite a gradual weakening of the DXY’s upward momentum, our outlook for this pair remains unchanged. We still anticipate a potential downward movement, as indicated by the arrow. Stay tuned for further updates in the upcoming week.
Bitcoin analysisHello friends
In the major period and in the weekly time frame, if we accept that at the price of $69,000, the 5-wave bullish Bitcoin has ended, we can imagine that we are still taking corrective steps.
Also, by hitting the supply area of 30-33 thousand dollars, we saw the breaking of the Rising Wedge pattern, which makes the above analysis more likely to be correct.
If the price level of 24800 dollars is broken, the final confirmation will be issued to continue the decline.
Based on this, my overall view on Bitcoin is bearish
DXY - Bull or Bear?The DXY has essentially been moving sideways for half a year, it will commit to a major move soon and I think the the red support box marked by my, very well drawn, X will be it's giveaway.
What I give the higher probability of happening to is a backtest of the aforementioned box as support before a greater move up. It would also have to break out of the broadening wedge that can be seen.
Having said that there is clear bearish divergence building up and should we break below support, then confirm it as resistance, I can see a few more very bearish months that could present great opportunities for EUR, GBP and BTC.
EURUSD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for EURUSD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Bearish setup on USDCADHi Traders,
Check this out - USDCAD could start a fresh bearish momentum, after breaking of the bullish trend.
However, with the uncertainty on how heavy FED could bump dollar this is better wait on for a break below the Triangle pattern before looking for a better short trade entry.
That is what i will do, provided that we get a solid breakdown and retest of the "Pennant like descending Triangle".
Watchout
Retest to the supply zonePrice tested the supply zone and dropped, now we notice a beautiful complete retest. The retest is followed by a huge bearish candlestick that indicates a strong rejection. Expecting a massive drop to the breaker block as highlighted. However, we should be wary of the 1.21385 for a partial setback nor rejection…