XAUUSD Daily TA : 07.12.22 (Update)By checking the daily chart of gold, we see that the price is still fluctuating in the range of $1730 to $1745, and I think that if it breaks $1730, we will see a drop below $1721!
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👤 Arman Shaban : @ArmanShabanTrading
📅 07.12.2022
⚠️(DYOR)
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Metaverse
META: Higher low is a good signal!Meta
Short Term - We look to Buy at 164.56 (stop at 150.26)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Further upside is expected although we prefer to set longs at our bespoke support levels at 160.00, resulting in improved risk/reward.
Our profit targets will be 200.00 and 210.00
Resistance: 200.00 / 220.00 / 250.00
Support: 160.00 / 140.00 / 120.00
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$UMGP 3.5 Mil Float/Rashad Evans/3-4 PRs/Mergers/AcquisitionsUniversal Media Group Inc. has been on the ball lately tweeting about multiple updates on the horizon that the company is excited about.
June 6th:
We are actively involved in M&A discussions with multiple well known private media entities with significant IP/Revenues in addition to outstanding management teams that would seamlessly integrate within our operation. We will announce developments soon. These negotiations have slowed down some corporate actions all to be resolved soon. We do have multiple company announcements regarding new deals and shows that will be released this week and next. Thank you to our investors for your interest in $UMGP
umediagroupinc.com
The company recently teamed up with celebrity UFC fighter Rashad Evans on his NFT project which has multiple utilities including mental health.
The stock recently went to a high of $3.67 with a float that has remained relatively unchanged since then and with multiple more announcements to be made this could very well see past that to $5+
$APE/USDT 4h (#BinanceFutures) Descending trendline breakoutApeCoin is pulling back to 50MA support and is forming a bullish flag on Low TF, looks ready for a rally!
Current Price= 4.251
Buy Entry= 4.231 - 3.917
Take Profit= 4.790 | 5.452 | 6.113
Stop Loss= 3.499
Risk/Reward= 1:1.25 | 1:2.4 | 1:3.55
Expected Profit= +17.57% | +33.82% | +50.05%
Possible Loss= -14.11%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 10 days
Tags: #APE #APEUSDT #Metaverse #NFT #Gaming #Web3 #Creation #DAO #Governance #DeFi
Website: apecoin.com
Contract:
#ERC20 0x4d224452801aced8b2f0aebe155379bb5d594381
SANDThe Sandbox is probably one of the most promising metaverse projects (backed by superstars like Snoop Dogg, Deadmau5 and so on). Last year's frenzy is clear in the chart -> 1000% in just one month is not a healty bullrun. So, of course it needed a rebalancing move. Here we are now back at 1.2$ per coin. Trade wise a "fair value" target would be around 3 dollars (where most transactions happened). If we can break that is of course heading to ATH.
Trade safe :)
SHIBAINU Daily TA : Result : +16.5% ✅✅RESULT SO FAR : +16.5% ✅
The Last Analysis :
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👤 Arman Shaban : @ArmanShabanTrading
📅 06.26.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
XNL could potentially hit 13c mid-July. Low risk high reward!The market cap is a minuscule 700k, there's a high possibility that the price could reach 1$ the next bull run, or even next year!
- The team is adhering to the roadmap
- 278 p.a. staking rewards on Near blockchain Trisolaris
- 20 p.a. on Kucoin
- XNL can be used to trade NFT's on their web app.
- Collaboration with Universal could be in the play, imagine Jurassic Park NFT!
Personally I DCA 40 to 90$ every month into this alt-coin.
Every TA Persons Favorite Chart $FearAll altcoins are affected by Bitcoins gravity but we've seen many exceptions to this rule especially during crypto/stock market rallies. $Fear is a Gaming/metaverse company specializing in making successful horror games and now has brought their already popular games to the blockchain. This coin is listed on Kucoin and I have been dollar-cost averaging in as I believe it is massively undervalued. You can check out their website if you care to learn more its Fear.io
DATA/BTC - Streamr ready to pump soon?Streamr (aka: DATA) has been on my radar a lot recently. Shorter timeframes have been showing greater than usual activity suggesting a lot of accumulation going on, zooming out to the daily chart it's easy to see why that may be. Although not a project that pops up in news feeds too often, Streamr is active and currently in the process of a token migration which they assure traders will not affect exchanges. It's possible that this may be a precursor to a larger announcement although it may just be part of the general development plan. Either way, the project's focus on enabling users to control and monetise their own data - as opposed to big tech controlling it - is something that will become increasingly relevant over the next few years, in particular within the crypto space and discussion around the metaverse.
Putting the fundamentals to one side though, the DATA/BTC chart looks very interesting and very tradable imo. No doubt you've already looked at it before reading this so you should know where i'm going here. To start off then, we have a clear uptrend since the beginning of the year, with price following a slight zigzag pattern held up by a strong trendline support. Prior to this, last year's downtrend was held up similarly, overall this pair seems to maintain a clear and stable floor.
What's far more interesting though is the highs, data is no stranger to massive price pumps and high spikes. So far this year it has made significant moves up on 3 separate occasions: Feb, Apr & Jun, each higher than the previous. What is most interesting however are the peaks. Along with two smaller moves from Dec last year, the peaks of each pump fit perfectly to an ascending trendline as shown above. Furthermore, the timing of the Jun peak corresponds to the intersection of this trendline and a horizontal resistance line from the "shoulders" of a h&s pattern from early last year. I have opted to use the daily chart here as it better shows how fast these moves occur thus the origin of this line is off screen unfortunately, but its worth scrolling back for a look.
That brings us up to now, with the peaks-line currently just over 1000 and another intersection approaching with the resistance line from the head of the aforementioned h&s around 1100 and due to meet in a few weeks. I believe this is the reason for the accumulation and a plausible expectation for the price action over the next few weeks. I have drawn in one possible move with a pullback midway, although something like a single parabolic run is also feasible.
Currently data price is low and just above the main support so potentially we are looking at a 3x-4x move with relatively little downside. However should a noticeable break of support occur we should take that as a change of trend and nullify this plan. If everything plays as outlined, we should take note that another resistance line exists from its Nov '19 high around 1750 which may be important at a later date.
All in all, seems like a fairly good trade with a decent risk/reward ratio. Obviously not financial advice - i'm sure you'll do your own research and make your own decisions - but personally i'm joining in with the accumulation for now.
How To Analyze Any Chart From Scratch - Episode 7Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on MANA, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SHIBAINU Daily TA : 06.24.22 Examining and Analysing the #ShibaInu Chart : The important supply and demand ranges are marked on the chart, and if the price react to these zones , we can look for triggers for Short orLong positions.
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.24.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
META Last chance to reverse their fortunesMeta Holdings (META) has been trading within a Channel Down ever since the huge early February gap down. The stock has failed to recover its lost 1W MA200 (orange trend-line) on the first rebound attempt and since it has been trading far from it as investors along with other known macro-economical parameters (inflation, war, Fed) are gradually losing faith in the company.
This is Meta's final attempt to reverse this sharp correction and find buyers as the price is now below the 2.0 Fibonacci extension, which is the level that has supported and kickstarted aggressive rebounds since April 2016. In fact you can see that with the application of the Fibonacci Channel extensions, from the moment Meta (formerly FB) started trading, slight breaks below the 2.0 Fib, have initiated three major rallies of +1 year.
If this is the level that saves the day for Meta indeed, investors will still have a Higher Highs trend-line to consider that has rejected the price three times already (red flags) but we will have time to make updates until then. Failure to hold this Support, could mean complete loss of investor confidence and the beginning of the end for the social media giant.
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⚡️ #SAND/USDT - Potential 40% ⚡️⚡️ #SAND/USDT - Potential 40% ⚡️
Midterm trade with 40% upside likely a lot more although expected retrace here so re-entry should be on the cards, showing bullish divergence entering a longterm area of support now and over 90% down from ATH - so huge further upside potential with Metaverse projects likely being some of the first out the gate
Entry - 0.885
Safety Order - 0.7953
Take Profit - 1.2493
$SAND/USDT 2h (#BinanceFutures) Ascending triangle on supportThe Sandbox is pulling back to descending TL / 200MA which is about to golden cross with 50MA!
Current Price= 1.3503
Buy Entry = 1.3472 - 1.2470
Take Profit= 1.6099 | 1.8454 | 2.1595
Stop Loss= 1.0354
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.3
Expected Profit= +24.12% | +42.27% | +66.49%
Possible Loss= -20.18%
Fib. Retracement= 0.559 | 0.702 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 10 days
Tags: #SAND #SANDUSDT #NFT #Metaverse #P2E #Gaming #Creation #Launchpad #DeFi #SolEco
Website: www.sandbox.game
Contracts:
#ERC20 0x3845badAde8e6dFF049820680d1F14bD3903a5d0
#SPL 49c7WuCZkQgc3M4qH8WuEUNXfgwupZf1xqWkDQ7gjRGt
$GMT/USDT 3h (#BinanceFutures) Descending trendline break retestGreen Metaverse Token is pulling back to 50MA support where we expect a bounce then a short-term recovery!
Current Price= 1.0873
Buy Entry= 1.0837 - 0.9723
Take Profit= 1.3545 | 1.6167 | 1.8789
Stop Loss= 0.7658
Risk/Reward= 1:1.25 | 1:2.25 | 1:3.25
Expected Profit= +31.76% | +57.26% | +82.77%
Possible Loss= -25.50%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Tags: #GMT #GMTUSDT #STEPN #Web3 #NFT #Metaverse #M2E #Social #App #Gaming #GST #BSC #Solana
Website: stepn.com
Contracts:
#BEP20 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
#SPL 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
BTC.D Intermarket Analysis This is the BTC Dominance (BTC.D) chart.
BTC.D Down = BTCUSD UP
BTC.D UP = BTCUSD Down
Right now the BTC.D Chart is at a discounted market, however, it seems to be trading up into a premium market which is (technically speaking) why BTCUSD has been falling recently. Based on this chart, BTC will likely drop a lot more from where it's at should we reach up into a further premium for the BTC.D market.
What is BTCD? BTCD is short for Bitcoin dominance (BTCD) and is defined as the ratio of Bitcoin's market capitalization to that of the rest of the cryptocurrency markets. Bitcoin (BTC) is a digital currency that was first introduced back in 2009.