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Creating MillionairesWell, some would call me crazy. But that's my long term view: TQQQ made 200x since inception in February 2010 until his top in November 2021. Now, in my opinion, we are in the middle of a Bear Market. My expectation is that this Bear Market will last till December 22 until June 23. After that the next Bull market should start. My expectation for the Nasdaq 100 is to trade around 47.500 Points after this 10 Year Bull Market, which would take the TQQQ to around 1000. This would equal a 100x from the Bear Market lows, which I expect around 10. Of course no one can predict the future but I would also be happy with just 50x in 10 Years :D And I really think that this is a possible scenario. So here is my plan: in December 2022 i will start investing all of my money into TQQQ. For the next 5 years i will put everything into TQQQ too. AND finally in 2034 I'm hopefully a multimillionaire. See you guys in 2034 :D (not a financial advise)
NASDAQ:TQQQLong
by DominikS
127
Is GBP/USD ready for 1.23?Initially, the exchange rate between the British pound (GBP) and the US dollar (USD) showed an increase, surpassing 1.2130 but encountering resistance at 1.2175. Despite inflation in the UK, the pair consolidated with slight losses due to the strength of the US dollar. Currently, it fluctuates between 1.2190 and 1.2200, in line with Fibonacci retracement levels at 23.6% and simple moving averages at 50 and 100 periods. If the pair manages to stabilize above this range, technical buyers could step in, aiming for 1.2250 and 1.2300. Otherwise, potential sellers could push the pair towards 1.2130 and 1.2100. During a quiet Asian session, I noticed a modest increase in GBP/USD, reaching 1.2200 during the Wednesday morning European session. From a technical perspective, there are no clear signals of upward momentum, but further increases could occur if the pair holds at 1.2200. The inflation index in the UK remained stable at 6.7% on a yearly basis in September, surpassing market expectations. The British Finance Minister anticipates a decrease in inflation. Although recent CPI data may not influence the markets for a rate hike by the Bank of England in the November meeting, investors might reassess whether the BoE has completed its tightening cycle, potentially supporting the British pound in the short term. In the afternoon, Housing Starts and Building Permits data for September will be released in the US, which could impact the US dollar. I will look for a long entry on M15 or M5 with a subsequent target of 1.22. Let me know what you think, comment, and leave a like. Greetings from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
JOEUSDT Pending Rally - Ready for a Liftoff? ⚪In the early months of this year, JOEUSDT broke free from a wedge pattern, sending ripples of excitement throughout the crypto community. The subsequent dip found a firm foothold in the demand zone near $0.19, from where it catapulted upwards, achieving a staggering 285% growth. This pivotal moment drew the attention of many bulls. ⚪However, the tide has shifted over the past six months, with JOEUSDT experiencing a consistent decline. Now, the stage is set for another crucial juncture as the price approaches the vital demand zone. Our eagle eyes are closely tracking JOEUSDT's price action, as this could signify yet another remarkable price surge. ⚪But here's the catch: for this scenario to materialize, we must witness an emphatic breakthrough above the $0.37 resistance. When and if this breakout happens, we'll be on the lookout for a prime buying opportunity with a compelling risk-to-reward ratio. Naturally, we will promptly share this setup in our channel. ⚪Nevertheless, it's important to recognize that while the allure of buying JOEUSDT at this juncture is undeniable, it remains a risky proposition due to the absence of robust trend reversal confirmations. Patience and discipline are the key as we await the perfect conditions to make our move. 🚀📈
Long
by CryptoPAMM
MATIC.USD (SHORT-TERM)Hello friends. How are you today? It's the second analysis that I publish today. Many users asked me to talk about Matic for Short-Term So I decided to talk about that briefly. I use Gann Fan and Ichimoko and the time frame is Weekly. According to the data, the price still respects the Gann Fan's line. It looks nice. Also, I use ichimoko too. Based on Ichimoku the price is below the Tenken-sen and Kijun-sen, the future cloud is still bearish and the Chiko span is below the Candles.we had a negative swsitch between tenkensen and Kijunsen. It means we are still in a bearish trend. and the time shows us about 2-3 weeks later, the price will touch the purple line (1/3) Also, the price action tells us the first support zone could rescue the price against more drops. As a result, I expect that the price will drop to 0.42 USD first and if this support zone could not prevent more dropping, we should see the price in the second support zone. But in the long-term, I expect more dropping, minimum to second support zone. So, we have to be patient and see what will happen… Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends. Have a good day Ho3ein.mnD
MShort
by Sticky-Stock
XRP.USD (Ripple) Full AnalysisHello My Friends. It's a new day and I want to talk about my favorite Coin known it as Ripple. It's really a die-hard asset against many problems. Let me remember that it's NOT financial advice. It's just a new vision for the Ripple. So, please read carefully and don’t forget to Like, share write your friends, and write your comments below. Let's go into details. As you see, I want to analyze this chart on a weekly time frame to show you what's happening in XRP on a big scale! I drew 5 zones as the main support zone. I believe that the First zone around 0.45 USD will be lost soon. So, don’t hurry to buy this asset at an insensible price. The Next support is around 0.28 USD. This zone is rarely strong but I believe that this zone will be broken too. The 3rd one is around 0.18 USD and could be a good place to put your order for the first Level. But I believe that the 0.15 USD will touch the Price and it's really an excellent place to buy XRP. Finally, the Last support zone is around 0.12 USD. This is a fabulous zone to buy and hold Ripple for a Long time. I want to tell you something sweet, according to my calculation, the final target of Ripple at the end of the next Bull cycle will be around 50 USD in the long term. it means a profit of more than 40000% at the end of 2029. So, please pay attention to my words and be patient. The situation of the world economy is terrible. The U.S. government is stuck in recession. So, it's a good chance to start the best investing. Please be patient. control your emotions. Opportunities in the market flow smoothly like a river. It was my duty to tell you all things you need to know. Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends. And Tell me do you agree with me or Not? I wish you Health and Wealth Sincerely Yours Ho3ein.mnD
BINANCE:XRPUSDShort
by Sticky-Stock
9
XAU/USD: Impact of Conflict and FOMC MinutesGold hit a two-week peak during the Asian session, indicating a continued and robust recovery from a recent low near $1,810. Geopolitical tensions in the Middle East strengthened gold's position as a safe-haven asset. The XAU/USD pair remains close to its daily peak, displaying persistent bullish momentum. However, it is trading below the bearish 20-day Simple Moving Average (SMA), presenting dynamic resistance around $1,880. Technical indicators are trending upwards within negative levels, indicating ongoing buying interest but without confirming a definitive bullish trend. The short-term risk seems tilted towards an upward trajectory, encountering a slight bearish challenge from the 100-day SMA while the 20-day SMA trends firmly upwards. Despite maintaining positive levels, technical indicators lack a clear directional signal. The Momentum indicator shows a bearish divergence, stabilizing below a recent high. Key support and resistance levels are provided. Moreover, recent fluctuations in gold's value are attributed to a weakening US Dollar and declining US Treasury bond yields due to safety demand amid geopolitical events in the Middle East. Expectations of a Federal Reserve (Fed) rate hike have decreased, affecting bond yields. Investors are cautious following the release of the US Producer Price Index (PPI) and ahead of the Consumer Price Index (CPI) release. The CPI is projected to rise by 3.6% YoY. Have a good trading day everyone, greetings from Nicola, the CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
3
NAS100 SHORT TRADE IDEA, NOW THE TIME TO JUMP TO LOWER TIMEFRAMEHello Traders, i Already done the Full Analysis on the FX:NAS100 and it played perfectly now we all know what gonna happen it the time for the : - DISTRIBUTION, exactly what that means it means a big move so we have to find our Entry to do so we have to jump on LOWER timeframe LIKE 15MIN or 1H and Enter, this is just the UPDATE for the ANalysis if you want me to do a lower timeframe Setup entry let me know on the comment section!
PEPPERSTONE:NAS100Short
by BlackWatch01
USDCAD DAILY BREAKDOWN FROM A HIGHER TIMEFRAME VIEWPOINT Hello Traders, This the Daily Breakdown for FX:USDCAD on The daily timeframe we already took the monthly and weekly analysis you can check it on #Related ideas what new on this daily analysis! The daily analysis we find our Daily setup entry on a discounted o price with a clear P.O.I below the FVG " Fair value Gap " or IMB, that what we found and we also indentified the daily range and our next Target which is 1.3670. We gonna refine the OrderBlock on the 4H So stay Tuned For it!!
Long
by BlackWatch01
XAUUSD Up according to plan after NFP!The price of gold has increased to the $1,830 area, with the yield of the 10-year US Treasury benchmark falling below 4.8% after initially rising to 4.9% in response to the US September jobs report, giving a boost to XAU/USD. The next directional move of the gold price will depend on the outcome of the US NFP report. From a technical perspective, the daily setup appears mixed in the short term, with a bearish cross confirmation countering any potential for a rebound in oversold Relative Strength Index (RSI) conditions. The 100-day Moving Average (DMA) crossed below the 200 DMA on a daily closing basis on Wednesday, confirming a bearish crossover. On the upside, if the recovery holds, gold buyers will target the previously supportive-turned-resistance level at $1,850, in case the strong resistance near $1,830 breaks. Furthermore, the gold price could challenge bearish commitments at the September 28 and 29 highs of $1,880. Alternatively, the gold price needs to find acceptance below the crucial support at the $1,810 level, where the March 8 low is situated. The $1,800 threshold will be the level to surpass for gold sellers, opening the path towards the psychological level of $1,750. The gold price is temporarily gaining ground, as the US dollar has entered a consolidation phase after two consecutive days of correction from an 11-month high. The subdued tone around the US dollar could be attributed to a slightly positive mood in the Asian session this Friday, despite mixed developments in the Chinese property market. Shares of Sunac China Holdings Ltd. surged after the property giant obtained approval for a debt restructuring plan. Meanwhile, shares of China Evergrande Group fell by over 10%, limiting gains in Asian indices. However, Hong Kong's Hang Seng is rallying 2% for the day. The extended decline in oil prices combined with a pause in the surge of US Treasury bond yields is providing some comfort to investors. However, they refrain from placing any fresh directional bets on the gold price and the US dollar ahead of the release of US labor market data. Economists are expecting the US economy to have added 170,000 jobs in September, slowing down from the 180,000 additions reported in August. The unemployment rate is expected to be slightly lower, dropping from 3.8% to 3.7% in September, while average hourly earnings are likely to rise by 4.3% year on year in the reported period, similar to the previous reading. Following a much smaller-than-expected US private job growth, as reported by ADP, of 89,000 in September, downside risks remain intact for the headline NFP number, which could further weigh on the November rate hike expectations by the US Federal Reserve (Fed), in light of loosening labor market conditions. In the case of a disappointing US NFP report, the US dollar correction could gain additional traction alongside US Treasury bond yields, bolstering recovery attempts in the gold price towards $1,850 and beyond. Conversely, if US labor market data, including wage inflation, suggest that the Fed can opt for one more rate hike by year-end, the US dollar could resume its uptrend at the expense of the non-interest-bearing gold price. Additionally, observe a new demand area from 1800 to 1820, in which I expect a retracement before a continuation of the price's long direction. Let me know what you think, leave a like and comment. Have a great weekend everyone from Nicola, the CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
4