DATA (Streamr) is ready for a massive pump (2811%)DATA is starting something really huge. We can see that whales accumulated for a long time and now the price is breaking out of the accumulation phase. If we take a look at the volume indicator, we can see that the volume is astonishing. This definitely confirm our bullish bias. 2811% profit is not a sci-fi, but a real deal. Elliott Wave ABC corrective pattern is complete. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Streamr (DATA) is a project focused on seamless data exchange and monetization of this data. It’s a peer-to-peer (P2P) network for real-time data that runs on Ethereum, allowing smart contracts to be used to facilitate the exchange process.
Broker nodes are the key element of the network, which work as follows: data is received from providers (also called publishers) and transmitted to consumers – this is the publish/subscribe pattern that the network uses. Sponsors (which may be publishers) pay DATA tokens into a smart contract (called a Bounty) to secure the operation of the stream. The data stream is secured by broker nodes mining Bounties, and relayed to subscribers through publisher or broker nodes (data streams are segmented).
A number of technologies that have been developed to optimize Streamr are a hierarchically organized complex called the Streamr Stack. This complex supports uninterrupted data transmission in the Streamr network and consists of five blocks: smart contracts (responsible for optimizing relations between participants in the network's information market); streamr editor (a set of programming tools developed for the purpose of the project); streamr engine (responsible for analyzing, processing, refining data and monitoring network events); data market (a center for data streams and a platform where data is transmitted and received); streamr network (used to transfer data). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Rectangle
STX is one of the best performing high-caps. Buy now?STX is a very important coin for Bitcoin. STX is a Bitcoin Layer for smart contracts. Why do I think you should buy this coin? We have to take a look at the price action first. We see that we have multiple similar swings high at around 1.75, which is a very bullish sign. From the Elliott Wave perspective, we see that we have a strong combo of (1)(2)(1)(2). The previous all-time high is the next stop, but I believe we will go much higher this year. You can hold it for the long term as well. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.
Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.
Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time.
All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
AUDCHF: Waiting For The Next Move 🇦🇺🇨🇭
AUDCHF is trading within a narrow horizontal range,
after a formation of a strong bearish impulse.
I believe that selling volumes are currently accumulating.
Our trigger to short will be a bearish breakout of the support of the range.
4H candle close below 0.5675 will confirm the violation.
A bearish continuation will be anticipated at least to 0.5645
Alternatively, remember, that a bullish breakout of the range will most likely push the prices higher.
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NIFTY BROKE OUT OF RECTANGLE PATTERN & REACHED TARGET
RECTANGLE PATTERN BREAKOUT WITH GAP-UP :
Market broke out of previous rectangle pattern with a solid gap-up which indicated strong bullish momentum
REVERSAL FROM 100D SMA :
Market also reversed from 100D SMA on 1-hour chart which also made it a strong signal
VOLUME SURGE :
Alongwith gap-up opening volume also surged on 1-hour timeframe which also indicated very strong momentum behind it
MACD BULLISH CROSSOVER :
MACD also made bullish crossover at sufficient angle (neither too steep nor too low) which gave even more positive confirmation
8031 - 7 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NTRN is going parabolic, best altcoin for fast profit?NTRN is in a strong uptrend and it looks like we can go even higher. 207% profit is the next target for this coin because it is the 1:1 FIB extension. Currently the price is breaking out of the rectangle pattern on the weekly chart, which is also a good opportunity to trade the breakout. I am bullish on this coin. There is almost none bearish volume, also a good sign. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
NTRN is one of the most secure cross-chain smart-contracting platforms. It combines the security of a top 10 blockchain by staked capitalization with bleeding-edge cross-chain infrastructure to enable DeFi applications to securely scale across a growing network of 51+ interconnected blockchains.
GBPJPY: Bullish Outlook After CPI 🇬🇧🇯🇵
GBPJPY violated a resistance line of a wide horizontal range on a daily yesterday.
The release of the CPI data increases a bullish pressure.
Chances are high that the growth will continue.
Next resistance - 188.28
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ENS - downtrend ended, important coin for EthereumENS is one of the most important altcoins for Ethereum. We can see that the uptrend is starting, and 2024 is going to be huge for this coin. We can see that at the bottom of the downtrend, we have a pretty long accumulation of whales. The price should not go into this range ever again. We have only 2 resistances on the way up: 0.5 FIB + major swing high and the previous all-time high. I think we are going to go much higher in 2024, but I will make updates later. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible.
The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains.
ENS launched with a highly successful retroactive airdrop in November 2021 that rewarded users who had registered addresses before the project launched its token. However, in February 2022, it faced criticism over apparently homophobic tweets by its director of operations.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
CELH new run to All Time HighCELH is in a base box on the daily timeframe, and nearing the top boundary.
A short consolidation here could strengthen the next breakout event and lower the chances of a false breakout.
Consolidation near the ATH level is then expected. A potential run to $78.50 is not impossible.
Bitcoin - bearish divergence on the weekly chart (RSI)Bitcoin does not look good on the RSI indicator on the weekly chart. We have a bearish divergence! This is one of the strongest bearish signal that can occur on the bitcoin market. Also, Elliott Wave impulse (3) is complete. We are ready for wave (4) correction. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
What is divergence?
Divergence refers to a situation when a currency pair price diverges from the trend that the technical indicators are showing. So if the technical indicators are making a lower high but the currency pair price witnesses a higher high, it indicates that there is a price divergence in the market.
What is a bearish divergence?
In a bearish divergence, the currency pair prices make a new high in the market, but technical indicators mark a lower price. This signals that bulls in the market are no more in control and bears are getting stronger, indicating a bearish reversal after the uptrend ends. At this point, traders can place short orders to benefit from the decreasing market prices.
EURCHF: Time For Correction?! 🇪🇺🇺🇸
After a strong bearish impulse, EURCHF was consolidating for 2 weeks
within a narrow range on a daily.
Yesterday's CPI report triggered a bullish reaction on the pair.
It managed to violate the upper boundary of the range.
I think that the market may start a correctional movement now.
Closest resistance - 0.94
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Bitcoin sell the ETF news. 20% crash is comingBitcoin is crashing after the BTC ETF launched on Nasdaq - iShares (ticker IBIT on TradingView). This is not looking good; the crash looks really strong on the 1-minute chart. Everyone bought into the ETF News, and now the whales are taking advantage of it and want liquidity at approximately 39k. Why 39? We can see multiple swing lows in this zone. I turned bearish on Bitcoin today. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. However, the latter store-of-value function has been debated. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units.
The smallest units of Bitcoin, 0.00000001 BTC, are called Satoshis (or Sats in short), in a nod to the pseudonymous creator. At Bitcoin price now, 1 Satoshi is equivalent to roughly $0.00048.
The top crypto is considered a store of value, like gold, for many — rather than a currency. This idea of the first cryptocurrency as a store of value, instead of a payment method, means that many people buy the crypto and hold onto it long-term (or HODL) rather than spending it on items like you would typically spend a dollar — treating it as digital gold. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
ETHUSD Liquidation Box of DeathETH has been trading in a range since the beginning of December, liquidating traders on both sides. Looks like the accumulation zone is finally going to break, leading to some great expansion in the form of another leg up. This comes on the back of increasingly likely BTC ETF approval.
GBPUSD: Consolidation and Complete Indecision 🇬🇧🇺🇸
Even though GBPUSD is trading in a bullish trend since October,
the pair is in a deep consolidation, the last 3 weeks.
The pair is currently stuck within a horizontal range on a daily.
Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 1.283,
we can anticipate a movement higher to 1.294 resistance.
Bearish Scenario
If the price violates 1.26 support and closes below that on a daily,
a bearish continuation may follow to 1.255 level.
Because the long-term trend is bullish, I remain bullish biased.
Chances will be high that the resistance of the range will be reached.
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AUDCHF: Time to Fall! Here is Why: 🇦🇺🇨🇭
AUDCHF was consolidating for more than 2 months within a wide horizontal range on a daily.
This week, the price managed to violate its support.
It is a very important sign of strength of the bears.
The market will most likely keep falling now.
Next support - 0.5635
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GBPJPY: Top-Down Analysis & Nice Short 🇬🇧🇯🇵
GBPJPY is trading within a wide horizontal range on a daily.
The price is currently testing its resistance.
On an hourly time frame, we can see how the pair was weakening
after it started to approach the underlined blue area.
After a strong bullish impulse, the price formed a rising channel.
Test of structure triggered a strong bearish reaction and the price violated
the support of the channel.
For me, it is a strong bearish confirmation.
I expect a bearish movement to 182.5 level now.
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EURAUD: Classic Bullish Reversal 🔀 The 📈EURAUD pair experienced a consistent decline while following a falling wedge pattern. However, when it reached the support level of 1.6140, the market began to consolidate within a sideways range.
Last Thursday, the bulls successfully broke through both the range resistance and the resistance of the wedge pattern. This is a significant indication of the buyers' strength. I anticipate a pullback to the level of 1.6467...Trade safely 👍✅
#NVDA ready for another push higher? Techs look sexyNvda.. couple of reasons why this is a big level and high probability to be long
(1) Divergence on RSI
(2) Test volume VPOC shelf and held
(3) Demark 9 exhaustion signal on daily
(4) Gliding off the 50dma
(5) Held 50% fib from most recent swing low and high
(6) Back above the Main Pivot
Putting this all together suggests there is a high probability setup here with a stop below the recent lows at 450. Initial targets 480, 500, then if we break out the channel , much higher..