EUR/USD likely to fall!Hey tradomaniacs,
market-depth looks pretty bearish now and we could see a nice drop here.
Technically a great spot to short with tight Stop-Loss!
Still waiting for a retest of the resistance / trendline to get a confirmation! Overall a possible setup ahead this brutal week!
What do you think?
Opportunity
EUR/USD likely to fall!Hey tradomaniacs,
looks like EUR/USD is going to fall after the recent retest of the trendline and naked Point of Controle from yesterday.
Entire pump had higher volume, but almost a neutral Delta - This pump happened with Front-Pushing and is so a move of manipulation. Im waiting for a retest to get a confirmation.
Be cautious as EURO has been very very choppy lately compared to other paires.
What do you think?
SPX500 about to fall? Key-Level-Alert!Hey tradomaniacs,
SPX500 just pumped up towards a major resistance-area where a lot of bearish confluence is possible.
Generally I must say that the recent pump caused by Jerome Powell seems to be SUS as his entire speech was pretty hawkish.
I also think he doesnt really want stocks to move up as it would not ease financial conditions and boost inflation.
However, technically a good spot to watch! Either for shorts or a break to the upside!
What do you think?
NZD/USD likely to fall!Hey tradomaniacs,
looks like NZD/USD is re-testing a nice resistance-zone to short with the current correction.
Volume already looks pretty bearish tho as we see a-reversals with strong absorption of buyers.
Im still cautios and patient as the market just opened, but as soon as confirmed I`ll execute a short-position here.
What do you think?
Downtrend on EURUSDThe resistance zone we’ve marked is having an impact and EURUSD is reversing the H1 trend.
On Friday we commended sales opportunities.
Now the options are on a break and test of 1,0278 or on another pullback.
The first target is 1,0142, and 0,9950 in case of breakout.
This movement is part of the downtrend on the daily chart.
NZD/USD likely to fall!Hey tradomaniacs,
NZD/USD is testing a nice resistance-zone to go short.
Currently it looks like we see distribution which is likely to result in a break
of the current support at 0,61670.
If we get a break here soon we could consider to short with a nice risk-reward!
Orderflow looks bearish so far after the recent v-reversal showing fakemoves
to attract buyers!
WATCH OUT: Today is the small expiration day, means volatility is possible
especially since leveraging is so extremly unilateral.
Brokers / market makers might have to close there hedge-positions and so cause wild moves.
What do you think?
EUR/USD likely to fall!Hey tradomaniacs,
EUR/USD is testing a nice resistance-zone to go short.
Todays statements by FED Bullard was pretty hawkish as he aims for rates
between 5% -7%.. so long way to go and more rate-hikes probably incoming.
Orderflow is not 100% clear but it starts to turn bearish as bullish volume slowly fades.
What do you think?
USD/CAD likely to move up!Hey tradomaniacs,
USD/CAD has tested a strong key-support-zone which is the breakoutzone of the current major trend.
The oderflow looks bullish so far in the small timeframe, so I will give it a long trade but ofc with aggressive management until we see a break out of the current consolidation.
What do you think?
EUR/USD likely to fall! TP hit!Hey tradomaniacs,
TP quickly hit and now im short.
Technically we see a fakeout and a good chance to short.
Recent PPI shows that its not impressive and priced in to see a lower inflation in the US... Inflation has generally been no topic anymore as peak has been reached.
Now its more the fact that raised rates and upcoming rate-hikes into a recession will cause big problems... I exppect more risk-off!
Market-Depth has shown absorption!
$LINK CHAINLINK Officially Found Bottom & Starting A Reversal Why LINK investors might be sitting on a goldmine thanks to proof of reserve
It is often difficult to find winners in the crypto market during a major crash but Chainlink might be it.
Even though its native currency LINK suffered significant downside so far this month, the Chainlink network
continued to see wins as a potential solution. Chainlink can facilitate the proof of reserve which might be the
ideal solution that may help solve some of the cracks unveiled during 2022’s market crash. Chainlink proof of
reserve may help overcome systemic financial risks, as well as contagion risk. Chainlink as an oracle services
provider stood in a position to help facilitate a large-scale adoption of proof of reserve.
Additionally, looking at the current scenario of the market, it could be considered as more of a necessity than
an option. The good thing is that it also offers an opportunity for the market to adapt and grow from recent
challenges. The need for large-scale proof of reserve adoption further outlines an opportunity for Chainlink’s
adoption. It underscores yet another reason why Chainlink’s offerings continue to add value and why the
network has robust long-term potential. Healthy long-term adoption might contribute to more value for LINK.
Chainlink did register healthy growth in the last 30 days.
For example, its supply of LINK held in smart contracts grew substantially during the last four weeks. The same
was observed for its velocity. Both the velocity and supply of LINK in smart contracts dropped significantly in the
last five days. This reflected the impact of last week’s crash on Chainlink’s performance. But will we see a recovery
this week? One of the best ways to assess demand was to look at the balances of top addresses. LINK’s supply of
top addresses registered a sizable drop in the last five days.
However, the good news was that the whales/top addresses are no longer selling. Regardless, we were yet to
see a return of strong buy pressure. Chainlink’s transfer volume also took a bit of a hit in the last few days.
Investors should thus, keep an eye out for the transfer volume to pivot as a confirmation that demand recovery.
Chainlink is a potential game-changer that investors have a keen eye on. The project was launched as an
avant-garde solution to streamline off-chain blockchain projects and transform them into on-chain platforms.
There is no question that LINK has opened a new world of possibilities regarding the intricate world of web3
development. As the company provides curated and in-demand solutions, it’s no surprise that top-tier names
such as Google Cloud, Polygon, and Aave have wholeheartedly embraced that project. Investors and analysts
are confident that Chainlink is on remarkable growth trajectory steering into 2023.
Expect New Alltime Highs Soon!
EUR/USD likely to move UP!Hey tradomaniacs,
technically a great chance to go long in EUR/USD after thgis aweful volatile day.
Good support and likely to hold due to falling yields (Non-Sense-Correltation) aswell as absoprtion at the support-zone in market-depth.
Gonan take a long with aggr. management as volatility is very risky today.
What do you think?
VIX could explode anytimeCan you remember the Corona Crash?
VIX spiked up to a reading of 80. and VIXL made a stunning 3500% profit!!!
I think a similar event is about to happen over the next 6 month's. (most likely just around the corner)
Right now we are in a Bear Market, and we haven't seen capitulation yet, which is quite normal in such a market.
When this happens the VIX should spike up to 45-80 which would equqal with enourmous profits in VIXL (probably 5-30x)
Right now VIXL is around a reading of 1.
I just wanted to remind everyone of this oppertunity.
Of course, long term you lose money with VIXL, but when you expect a VIX above 40 it can get very profitable short term.
Just an idea from me, no investing advice.
Cheers✌
OP BUY SETUP - Bull Wave Is Coming!!OP's price just touched and bounced off from yellow support zone. Although there are many resistance areas on the top, but in the medium term, I am quite bullish with OP.
Optimism’s main utility is to batch transactions on the Optimism network. Optimism allows users to enjoy lower gas fees on their transactions executed on the Optimism network through optimistic rollup technology.
The project consists of the following major components working in conjunction:
- Optimistic rollup: Optimism relies on the security of the Ethereum blockchain to process blocks that are created on the L2.
- Ethereum Layer 2 scaling solution: Optimism is a Layer 2 scaling solution built on Ethereum which is EVM equivalent and has its own ecosystem of applications
Entry: 0.70 ~ 0.71
I will use trailing stop-loss if price reached first target (R:R=1)
________________________
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EUR/USD - NFPS to support the breakout?Hey tradomaniacs,
EUR/USD is now retesting a strong resistance-zone after the breakout and could continue to move down.
Obviously NFPs will be more important than any technical level, but news could support this breakout with positive NFPs as it would put Powell less under pressure to slow down with his current rate-hikes.
What do you think and what will u do?
BTCOIN rally destroyed by FEDHey tradomaniacs,
yesterdays FED-Statement dissapointed the Market since it priced in a step back by the FED with a possible statement about lowering upcoming rate-hikes aswell as the speed by Jerome Powell to fight inflation.
The worse the economy gets the more pressure is on Powell & Co to re-allocate the current circumstances.
However, Jerome was clearly Hawkish and has made clear its not time yet to think about it... This could cause a mid-term sell-off as the next steps will be discussed in December. YIELDS and so the US-Dollar pumped hard cuasing more risk-off in the market.
Technically we have a good short opportunity here.
What do you think?
EUR/USD likely to move UP!Hey tradomanics,
EUR/USD us currently testing a strong support-zone and could move up from here on.
As I expect a choppy week since the market has no idea what to do with the recent data and news from the ECB, we could see at least a correction here to the upside.
Market-Depth and orderflow showing absorption and aggressive buying!
What do you think?