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#EURJPY 1DAYEURJPY (1D Timeframe) Analysis
Market Structure:
The price is moving within an uptrend channel, consistently forming higher highs and higher lows. However, it is now approaching the upper boundary of the channel, where selling pressure may increase. A potential rejection from this resistance area could lead to a short-term bearish move within the channel.
Forecast:
A sell opportunity is anticipated if the price faces rejection from the upper boundary of the channel, signaling a potential pullback toward lower levels within the channel.
Key Levels to Watch:
- Entry Zone: Near the upper boundary of the channel after confirmation of bearish signals.
- Risk Management:
- Stop Loss: Placed above the channel resistance or the recent swing high.
- Take Profit: Target the midline or lower boundary of the channel for potential downside movement.
Market Sentiment:
Although the overall trend remains bullish, a temporary correction within the channel is possible. Confirmation of rejection at the resistance is essential before entering a sell position to align with market momentum.
Pound Near $1.24, Awaiting BoE DecisionThe British pound hovered around $1.24, just below a three-week high, as traders assessed central bank decisions and the UK economic outlook. The Fed held rates steady with a cautious tone on cuts, while the ECB is expected to lower rates by 25bps, following similar moves by the BoC and Riksbank.
In the UK, the BoE is likely to cut rates by 25bps in February, though stronger data may slow the pace. Meanwhile, Finance Minister Rachel Reeves outlined growth plans, including a third Heathrow runway, while debt sustainability remains a concern.
Key resistance is at 1.2460, with further levels at 1.2500 and 1.2600. Support stands at 1.2400, followed by 1.2350 and 1.2265.
Enjin Coin (ENJ) Analysis & Long-Term Investment Outlook!Current Market Overview
Current Price: ~$0.15
24H Range: $0.1389 - $0.1515
Volume: 16.37M
All-Time High (ATH): $4.5 (achieved in 2021)
Recent Trend: Bearish correction but approaching a key accumulation zone
Technical Analysis
1. Discount Zone & Accumulation Opportunity
The chart shows that ENJ is trading near its discount zone, an area where institutional and long-term investors look to accumulate before a potential reversal. This zone is typically considered undervalued, offering a strategic entry point.
2. Price Structure & Smart Money Concepts
Break of Structure (BOS): Multiple BOS signals indicate a strong bearish trend, but price is nearing a potential support level.
Change of Character (ChOCH): Some ChOCH signals suggest that the downtrend may be weakening, hinting at possible accumulation.
Equilibrium & Premium Zones: The price is far below the equilibrium and premium zones, reinforcing that it is at a historical discount for accumulation.
3. Moving Averages & Watson Envelope
The Watson Envelope (blue and red bands) suggests that price is near the lower bound, indicating a mean reversion could soon occur, leading to a potential bounce.
Fundamental Analysis & Catalysts
1. Enjin’s Utility & Real-World Adoption
Enjin Coin powers a blockchain gaming and NFT ecosystem, allowing developers to integrate digital assets into games, metaverse platforms, and virtual economies. Its real-world use case makes it attractive for long-term adoption.
2. Binance Supporting Network Upgrade (Positive News)
Binance has backed an Enjin Coin network upgrade (September 2024), signaling continuous development and network improvements.
This upgrade improves Enjin’s scalability, security, and NFT ecosystem, strengthening its long-term utility.
Binance’s support ensures liquidity and investor confidence.
3. Coinbase Delisting (Negative Impact in 2024)
In June 2024, Coinbase delisted ENJ, causing a short-term decline in liquidity and investor sentiment.
However, delisting from a single exchange does not impact the coin’s fundamental value.
Investment Potential & Price Prediction
Short-Term: Possible consolidation in the $0.12 - $0.18 range before a breakout.
Medium-Term (6-12 months): If accumulation holds, ENJ could target $0.30 - $0.50, testing previous resistance levels.
Long-Term (2+ years): If Enjin’s adoption continues and the crypto market recovers, a return to $1 - $2 is feasible, with ATH of $4.5 as a long-term target.
Investor Takeaway
✅ Bullish Factors
✔️ Trading at a discount near historical accumulation zones
✔️ Binance supporting network upgrade (strong ecosystem development)
✔️ Real-world use case in gaming & NFT sector
✔️ Market sentiment could shift as crypto recovers
❌ Bearish Risks
⚠️ Still in a downtrend, needs confirmation of trend reversal
⚠️ Coinbase delisting may impact liquidity & exposure
Final Thoughts
Enjin Coin is currently at a key accumulation level that offers an attractive opportunity for long-term investors. With strong fundamentals, upcoming network improvements, and historical price performance, ENJ has the potential to reclaim higher levels, possibly targeting $1+ in the next cycle.
If you’re looking for a high-risk, high-reward opportunity, this could be a great entry point. However, investors should watch for trend confirmation before going all in. 🚀
AliBABA Remains In A Larger Bullish Triangle PatternAlibaba is up after the company releases AI model it says surpasses DeepSeek-v3.
Alibaba with ticker BABA is trading sideways for two years, but we are tracking a larger bullish ABCDE triangle pattern in circled wave B before we will see a continuation higher for circled wave C.
With recent rebound away from the lower triangle line due to the release of AI model that surpasses DeepSeek, seems like subwave C is finished and it's now rising within wave D which can recover the price back to the upper triangle line before we will see another and final wave E slow down to complete a triangle in circled wave B.
DXYDXY, or the U.S. Dollar Index, measures the value of the U.S. dollar against a basket of six major currencies: the euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK), and Swiss franc (CHF). It serves as a key indicator of the dollar’s strength in global markets. The index is influenced by factors such as Federal Reserve policies, interest rates, inflation, and geopolitical events. A rising DXY indicates a stronger dollar, while a falling DXY suggests a weaker dollar, impacting commodities, forex pairs, and global trade.
US30The US30, also known as the Dow Jones Industrial Average (DJIA), is a stock market index that tracks 30 of the largest and most influential blue-chip companies in the United States. It represents a diverse range of industries, including technology, finance, healthcare, and consumer goods. Unlike other indexes that are market-cap weighted, the US30 is price-weighted, meaning higher-priced stocks have a greater impact on its movements. It is often used as an indicator of overall economic health and investor sentiment, making it a popular choice for traders and long-term investors.
XAU/USDXAU/USD
According to my analysis gold is currently bullish. Daily timeframe early buyer liquidity has been swept so now i am looking for a short term sell targeting the retail liquidity and my 4H imbalance.
My area of interest is at the most recent momentum gap which fits in line with my 71% fib level.
Price has also shown early seller liquidity with a previous Tokyo session high slightly lower.
I am waiting for all these areas to be swept, Momentum gap to be filled and my 71% fib level to be tapped into before placing my sell position.
SL - 2.786
TP - 2.718
ETHUSD Prepares for Expansion with Targets at $4,689 and $6,279
BITSTAMP:ETHUSD remains bullish, with the EMA ribbon confirming its upward trajectory. The price is currently holding above the critical $3,000 support, which has acted as a rebound level multiple times. Previously, a hidden bullish divergence formed on the Stochastic indicator. A hidden bullish divergence occurs when the price makes a higher low while the oscillator forms a lower low, signaling the continuation of the prevailing uptrend. This divergence is often considered a key signal for bullish continuation. The Stochastic has recently crossed above the zero level, indicating momentum with room to reach the overbought zones.
The Signal Builder tool has previously provided bullish signals, aligning with the current analysis. Entry opportunities could be around $2,927, upon the breakout of the descending trendline, or following the breach of a prior swing high during this pullback phase. Using Fibonacci projections of the last impulse, targets are identified at $4,689 (100%) and $6,279 (161.8%). The stop-loss is positioned below the last swing low before the $3,000 support break, around $2,116.
👨🏻💻💭 Does this analysis align with your perspective on BITSTAMP:ETHUSD ? Share your thoughts below!
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Mid-February, Btc.d peaks and the altcoin rally may start.Trust fibonacci.
It is clear from Fibonacci extensions that we are close to the peaks in Bitcoin dominance.
Fibonacci circles also give us ideas of both resistances and time periods.
In my opinion, Bitcoin dominance will peak in mid-February and the altcoin bullrun may begin. Bitcoin dominance will bottom at the end of May 2026.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
ADA - March 3rd Wedge Convergence for a 37% pop or dropBefore March 3rd there will be an ADA convergence pop up or down. 37% down to volume gap or a retest of previous high for a 37% gain.
I'm inclined to lean to the bullish side given the recent roadmap milestone.
The Cardano blockchain is transitioning to a decentralized form of governance today through the activation of the Plomin hard fork. The hard fork will go live at around 9:45 PM GMT on January 29, 2025.
Following the hard fork, delegated representatives (DReps) will be able to vote on Cardano governance actions using their own ADA, as well as ADA tokens delegated to them by individual holders.
Earlier today, Cardano founder Charles Hoskinson shared the 2025 roadmap published by Input | Output (IO), the company leading the technical development of the Cardano blockchain protocol. The roadmap outlines IO’s key goals for 2025 based on three main areas of focus:
1) Scalability
2) Usability and utility
3) Interoperability and extensibility
Some of the most exciting initiatives included in IO’s 2025 roadmap include the privacy-focused Midnight partner chain, advancements in smart contract development tools, the Ouroboros Leios consensus protocol and the Hydra layer 2 scalability solution.
US. DOLLAR INDEX: DXY READY TO FLY. Hello fellow traders!
I'm sharing my analysis on the DXY market. Currently, the DXY is experiencing a strong bullish trend, moving within a parallel channel. The support and resistance lines have been respected, indicating a clear trend.
Key Levels:
Support Zone: 107.20
Resistance Zone: 109.20 - 110.10
Market Analysis:
Based on this analysis, I have a bullish bias and suggest longing opportunities at the lower boundary of the channel.
Current Price: 107.70
Disclaimer:
This analysis is for educational purposes only and should not be considered as trading advice.
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What's your take on the DXY market? Share your thoughts!
Silver Price Setup = Major Move Ahead?Silver (XAG/USD) Analysis – Breakout Incoming?
Silver (XAG/USD) is currently testing a key resistance zone after a strong upward move, supported by a rising trendline. The price has respected this trendline multiple times, confirming its role as a strong support level. If bulls push beyond the resistance zone, a breakout could trigger further upside momentum.
Key Insights:
🔹 Trendline Support – The ascending trendline has acted as a strong base for price action, providing steady higher lows.
🔹 Key Resistance Zone – Price has faced multiple rejections here in the past, making it a crucial breakout level.
🔹 Potential Breakout Setup – If Silver breaks and holds above resistance, we could see a rally towards $31.50–$32.50+
We are at the local topElliot wave counts from one year back makes it clear we are at the end of 5 wave. This cycle is mainly driven by US economy, all moves comes during US trading hours. There is very little retail participation in bitcoin trades, they are all in meme coins and altcoins. There is bearish sentiment in retail participants, but extremely bullish sentiment in US cooperate buyers, esp Micheal Saylor and others.
Fundamentally also Trump trade is over. What trump did was to ease regulation which takes time to reflect in the market. His bitcoin reserve regulation does not buy bitcoins from market. In addition, by way of launching several meme coins he made his intentions clear (To extract as much money as possible from retail investors).
Lower time frame chart wise it made an SFP or Swing failure pattern, made new lower highs and lows. Supposedly good news did not make into rallies.
In Macro, central banks are re tightening monetary policy across the board.
It seems only Saylor is buying bitcoin to avoid it crashing and closing below support. How long can he do that. He is also doing it by issuing more and more debt. More bitcoins he buys in these prices his average buy price increases. Closing and trading below his avg price for longer can make MicroStrategy bankrupt which would be disastrous to bitcoin.