DERO RisingDero is a privacy-focused cryptocurrency that aims to provide fast, secure and anonymous transactions utilizing innovative blockchain technologies. The focus is on enhanced Privacy and Smart Contracts while maintaining the transparency and security of the blockchain. DERO is the first crypto project to combine a Proof of Work blockchain with a DAG block structure and fully anonymous transactions based on Homomorphic Encryption.
DERO will be the first Homomorphic Encryption based blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains. At present DERO has Smart Contracts on old CryptoNote protocol testnet. For a closer look at the salient features of the DERO project: github.com
Price Action: DERO hit a recent low of $3.75 on 10 March and surged 154% in the following weeks to hit a 2023 high of $9.54. It has now retraced 26% since then and has found support around the 50 day Simple Moving Average (SMA) ie. $7.11
This could be an interesting time to accumulate DERO for the next bull-run.
Opportunity
EUR/AUD looks bullish! Good RR!Hey tradomaniacs,
looks like we are going to get a nice buy-signal for EUR/AUD as soon as the breakout of the trendchannel of the lower timeframe happened.
As soon as we get momentum and eventually an FVG which has to be closed by a pullback, we could consider to go long in this scenario.
A strengh in USD aswell as rising Yields might cause upcoming downmoves of indices and stock, which would boost this setup as AUD tends to fall harder as a risk-on-currency than EUR.
What do you think?
OP Analysis updateFollowing the previous analysis, It seems that the resistance in 2.39$ is broken, We are now waiting for the price to stabilize above this area on the daily time frame.
If it happens, due to the growing of OP/BTC we will expect that price jump above 3.2$ in incoming days.
Good luck👊🏿
OP is trying to break its resistance👁️👁️Hello traders🖐🏿
OP is trying to break its resistance in 2.4$.
I think it can be accomplish this time, if this break happen, price grows to 2.64$, that is a key resistance, because 2.64$ is level of upper edge off symmetrical triangle that formed in last weeks.
The break of 2.64$ will start a bullrun till 4.2$ as a new ATH.
Now the momentum of price movement is very good, and its a good sign to break the resistance.
In another hand we should keep our eyes to ETH chart, if ETH can break 2000$, the road to 4.2$ is clear.
Its not a financial advice, its just my idea.
Good luck👊🏿
XLM IDEA, POSSIBLE 25% GAINSXLM has broken back above old support. History shows us that every time it has reached the above resistance. If it was to retrace and show that it held support, then I would take the long to the above resistance. I will update if the opportunity arises so make sure to follow!
FRR May Explode Soon!Hi Traders.
This is my personal opinion about FRR and Don't Use It As A Financial Advice.
Based On Many Reasons, I believe FRR Will Experience A Sharp And Huge Upward Move Soon.
Targets :
0.00016
0.0025
1- As You Can See In The Chart Below, It Touches The 1.618 Trend-Based Fib Extension With The Most Huge Volume That Ever Recorded For FRR. 0.0001 IS Also Known As A Psychological Support Level Too. Seeing Such A Huge Volume Exactly On the 1.618 Level, Is A Sign of a Possible Reversal Move.
2- Obviously, It's Forming a Great Bullish Rsi divergence in The Weekly Timeframe That Could Be Another Sign For This Possible Upward Move.
3- Believe it Or Not, There is An Unwritten Rule About The Ichimoku. The Price Always have desire to Go Back And Touch ( Fill ) The V Shaped Tenkan-Sen Or Even Kijun-sen! Mark My Word. As you Can See In The chart below, There Is a V Shaped Tenkan-Sen That Needs To Get Filled On The 0.0025 soon Or Later.
4- In The Fib channel Below, The Price Is On the Middle Of This channel And As You May Know, The Middle ( 1.5 Fib Level ) Is Always Consider As a Support. If It Breaks, The Next Target For The Fall Would Be 2 Fib Level Which is Around 0.00004-0.00005 And It's The Mega support.
5- Keep It simple Guys! The N Shape Classic Patterns Must Complete! The Downward Move is Going to End And The Corrective Wave Must be Formed. The corrective Wave is The Upward And The Last Part of This N Classic Pattern!
6- Look At The Reverted Chart. obviously It's On a Strong Resistance! If It Was the Right chart, You Would Buy it at This Level in Hope of a Break-Out And Think That It Goes For Fly To The Moon And Never Stops?! Think about that...
7- If You Look Into The Community of This Shit-coin, You Can See Everyone is Screaming And Crying and Make Rumors And Nonsense! This is Another sign that The Bottom Is Forming Or We are Very Close To it!
Anyway, Until FRR Is Below This Main Resistance in Daily Timeframe, The Trend Will Remain Downward. In Order To Reverse The Trend into a Sweet Long-Term Upward Move, It Needs To Break This Main Resistance.
Any short-Term Upward Move will Consider As Just a Corrective Wave and The Trend Will Remain descending.
Once Again, This Was Not a Financial Advice And Do your Own Research, Specially For such a Shit-Coin That Could Get Delisted From Exchanges At Any Moment!
Presearch: Growing a Passive InvestmentHello Team,
This week we look at a small cap cryptocurrency opportunity. "Presearch" is a decentralized search engine which has the ability to generate their token for essentially "free" when using the search engine. They also have "Nodes" which the system operates on.
We have broken out of the downtrend and are at a 87% loss. Remember to Buy Fear no Greed.
Enjoy!
✅OP: THE GOLDEN COIN THAT CAN GO OVER THE ALL-TIME HIGH✅OP: THE GOLDEN COIN CAN GO TO OVER THE ALL-TIME HIGH
very interesting times for this coin with the coming expected target of 1.50
it's a coin that has the option to break the ATH.
We did scan this coin from 0,73 as the chart shows
Give you nice boost for this chart for more updates Thanks
CRUDE OIL-LONG-ANALYSISCRUDE OIL has been on DOWNTREND for several months and past four month's monthly volumes are considerable less and shrinking too.
In monthly timeframe, December has formed bullish hammer and so am expecting a bullish hammer in January also. Looking at the volumes, sellers have dried up and buyers have pulled up prices from 75-70 multiple time now. Since several months downtrend was following the channel and it is likely to exit the channel upwards which will MARK BULL RUN in CRUDE OIL price above 100 USD.
The BLUE ZONE marks the BUYING OPPORTUNITY, NOT RISKING MORE THAN2% OF THE ACCOUNT and the GREEN ZONE another BUY OPPOTUNITY, NOT RISKING MORE THAN 5% OF THE ACCOUNT, WITH STRICT SL 71.9
Pushing prices below the BLACK ZONE will make the crude oil more bearish.
FUNDAMENTALS ARE SUPPORTIVE AS WELL.
DDOG Long SetupThe CCI positive divergence, increase in volume, and downtrend break up are all bullish indicators for the underlying asset. Additionally, the stock s able to close above a key resistance level, it could signal further upside potential. As an investor, it's important to weigh the potential upside against the risk and consider diversifying your portfolio. As always, it's important to conduct your own research and consult with a financial advisor before making any investment decisions.
XAU/USD Outlook : Potential Targets and Trading OpportunitiesJoin us as we take a closer look at the XAU/USD market and identify key levels of support and resistance . Based on our analysis, we'll provide you with potential targets and highlight the best trading opportunities for the coming week. Whether you're a seasoned trader or just starting out, this video will give you a comprehensive overview of the XAU/USD market and help you make informed decisions. Don't miss this opportunity to stay ahead of the game and maximize your profits in XAU/USD trading!
BTC/USD short selling opportunityThe BTC/USD pair has been in a downward trend for the last few weeks, as it has dropped from a high of 23041 to its current level of 22983. This downward trend has created a good opportunity for bearish traders to take advantage of short term trading opportunities.
The current bearish trend has been driven by a combination of negative news, rising volatility, and low demand. The possibility of further drops in the BTC/USD pair is high, with some analysts suggesting that the pair could fall to a low of 21000 in the near future.
In order to take full advantage of this bearish trend, traders should utilize short term trading strategies such as scalping and swing trading. These strategies involve entering and exiting trades quickly to benefit from small, short-term movements in the market. Traders should also be sure to monitor the news and any economic data releases that may affect the market, as these can have a significant impact on the price of the BTC/USD pair.
Overall, the bearish trend in the BTC/USD pair has opened up several short-term trading opportunities, with some predicting the pair could fall to 21000. Traders should take advantage of these opportunities by utilizing short-term trading strategies and closely monitoring market activity.
Inverted HNS — Reversal of the downtrendAfter the ceasefire in Ukraine, many traders are cautiously optimistic as the markets may be turning around. The appearance of an inverse head and shoulders pattern hints at a possible reversal in the downward trend since the Ukraine invasion. This could be a sign of a positive shift in the markets and could potentially open up some great investment opportunities. Traders should be sure to watch the markets closely for any potential opportunities that arise in the coming weeks.
The appearance of bullish flag pattern in the right shoulder might also indicate a continuation of recent uptrend.
The price is currently in a strong weekly resistance zone. This is a strong resistance zone that matches 0.5 level of weekly Fibonacci retracement, also it is the neckline of the inverse head and shoulder pattern. I am eagerly awaiting the break of this resistance, which will be a big big opportunity. For the breaking, I am looking for breaking candle body to be greater than 1.5 ATR; and if there is no break, I am looking for reversal candle which could be e decline from the resistance zone.
Additional confirmations
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The cables most negatively correlated EURGBP pair is also in its weekly resistance zone. This pair is in the process of making a double top chart pattern in 4H TF. This could indicate a rejection from the resistance zone and if that happens, the price will face down as the GU faces the opposite direction.
Short and long idea for $BNBUSDT Easy to understand drawings for both the plays.
I believe in Binance and the fud causing the dump is just a test of Binance Foundation and i think they will survive this.
Level by level play is only safe i feel because theres lots of liquidity pump and dump happening.
I'm currently long from the below level with stops BE, if i got stopped i will wait to let price action develop to take further action on it.
Stay Safe, DYOR!
-Frisco