$ADA - 10X SURGE ON THE HORIZONCardano is poised for significant growth in the next period!
ADA stands out as one of the most developed blockchain in recent years.
Factors like decentralization, proof-of-stake consensus, and upcoming features contribute to this growth, along with the project's focus on interoperability and a thriving community.
Potential 10x
Targets:
1.2$
2.3$
5.0$
Support:
0.24$
BINANCE:ADAUSDT
CRYPTOCAP:TOTAL
CRYPTOCAP:TOTAL2
! Not an advice - DYOR !
Picks
USDCAD: Rebound in short term?In the last few sessions we have seen an interesting consolidation on intraday chart. From a technical perspective, this bearish leg could also be a 12345 impulsive structure. That said, some corrective structure is possible in short term. In this specific case, the problem is not "if" we reach the Target, but "when" we will reach it and from where the technical rebound will begin. Target1 at 1.36 with long position accumulation strategy (Buy the Dip).
Trade with care
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EURUSD shows strong performanceThe U.S. government is trying to ride out the inflation crisis with a combination of interest rate hikes and loose fiscal and tight monetary policy, which could be a positive factor for the dollar. With food and energy inflation much higher in Europe than in the U.S., the market is predicting that the ECB will enter a rate hike cycle. The path of future rate hikes will depend on commodity prices and economic growth in the eurozone.
The price is predicted to move to the gray zone in the chart.
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XAUUSD trying to break key support - threatening further declineThe U.S. Dollar Index (DXY) is a weighted currency index that is commonly used as a benchmark for the performance of the U.S. dollar. The U.S. Dollar Index continued to rise following last week's surprise upward release of U.S. inflation data for April (which was lower than March's data). The higher inflation data supported the value of the dollar at a time when the Federal Reserve has every incentive to raise the federal funds rate. The market now expects the Fed to raise rates by a further 190 basis points before the end of the year.
Daily gold charts help to see the current trend in the context of long-term levels/areas
I think $1770-1780 level will be the price floor for XAUUSD in the short term as the previous downward breakout proved to be very short-lived and now the price is rallying again near $1817-1820 price level.
Is BTCUSD oversold? I don't think so.The Federal Reserve wants to slow inflation by tightening monetary policy. But excessive tightening threatens to drag the economy into a recession, so market volatility has increased. The Nasdaq and S&P 500 indexes fell for the fifth straight week, and the Dow Jones fell for the sixth straight week. This is the longest streak of declines for the S&P 500 and Nasdaq since mid-2011 and since late 2012. Cryptocurrencies, a risky asset along with stocks, have stepped into a long decline after a brief period of all-time highs, which means the cryptocurrency market may face more pain.
Project XNext price target $58-$65 or higher.
Twitter ( TWTR ) said Monday that Tesla ( TSLA ) CEO Elon Musk will buy the social media company for $54.20 per share in cash in a deal valued at about $44 billion.Twitter will become a privately held company after the deal closes, the company said in a statement.
"Freedom of speech is the cornerstone of how democracy works, and Twitter is a digital town square where people discuss issues critical to the future of humanity," Musk said. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithm open source to increase trust, defeating spambots and authenticating everyone."
XAUUSD Technical OutlookXAUUSD hit a new price low in the last trading session of the week, and the market's lack of confidence and failure to reach a consensus to form a synergy has led to repeatedly blocked rallies. Prices are trading below key moving averages, which are unfavorable signals.
On the other hand, the market expects the Fed to use aggressive means to raise interest rates and thus suppress inflation in the future. If buyers come back and trigger a bullish reversal, then the potentially favorable price levels are shown by the black arrows in the chart. Of course the green zone is still a reasonable support range and there is reason to believe that this price range will become a new grab and the long and short sides will fight to the death.
Where are the best shorting levels for LUNAUSD?We found a bearish signal in BTC, the largest market cap, by tracking the cryptocurrency market recently, and it so happens that LUNAUSD is at an all-time high, so what would you predict will happen to it next?
BTCUSD
EURUSD Technical OutlookFrom a technical point of view, the outlook for EURUSD shifted from bearish to oscillating in the demand zone. Prior to this, the sharp price decline was not met with resistance, the emergence of lower highs and lower lows patterns, as well as the price trading below key moving averages, were unfavorable signals for the common currency.
On the other hand, ECB President Holtzmann said that the ECB is planning to raise interest rates and that they will discuss and possibly do so at their June meeting. Currency markets are betting on the ECB to raise rates three times later this year. If buyers return and trigger a bullish reversal, the upside target appears at 1.06361, near this week's peak. If there is further strength, the focus would shift to 1.07070 and then 1.08060. If EURUSD still accelerates its retracement in the coming weeks, support could be seen around the May low at 1.04700, but if sellers manage to break this floor, we cannot rule out a move to lower lows at 1.02800-1.03600.
EURUSD Bullish or Bearish ?I think I would be bullish if the price is above the 1.09962-1.10943 level, otherwise the price will test the green zone support level downwards. The market needs more money to actively buy in order to push the price back up, and the price levels I mentioned above are especially critical.
Pick and like, PM