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📈FTM: Unveiling Potential Trading Opportunities in the Market🔥☀️In today's analysis, we dive into the realm of Fantom (FTM), a coin exhibiting promising potential in the market. Focusing on the daily timeframe, we dissect FTM's price action and chart patterns to uncover strategic entry points for traders seeking bullish opportunities. 📈Since October last year, FTM has delivered remarkable gains, surging approximately 570% to reach the $1.1485 ceiling. Currently undergoing a corrective phase, FTM appears poised for its next significant upward movement, presenting an opportune moment for traders to capitalize on potential profits. 🔍Zooming into the daily timeframe, we observe a prevailing high wave cycle indicative of an upward trend. In alignment with trading principles, our focus remains on identifying entry points within the prevailing bullish trend. FTM's recent retracement to $0.6267, coinciding with the 0.618 Fibonacci level and forming a strong point of reversal zone (PRZ), underscores the potential for a bullish continuation. 📊 As volume gradually diminishes, both primary traders and whales remain absent from the market, contributing to increased market volatility. In such conditions, refraining from trading presents the optimal choice, ensuring prudent risk management amid erratic market behavior. 📉Observing SMA99's proximity to price action, we recognize its significance as a key entry point during upward trends, often catalyzing significant price movements. Furthermore, the trend curve exhibits a gentle slope, indicative of a parabolic ascent, albeit with associated risks of trend curve breakdowns leading to sharp market declines. 🛒For spot traders, multiple entry points exist. Firstly, identifying a strong bullish candle within the current range presents a high-risk, high-reward opportunity. Alternatively, entry upon breaching the box resistance at $0.7971 offers a more conservative approach, minimizing risk while ensuring confidence in the bullish momentum. Lastly, a breakout above $1.1485 signifies a strong confirmation of the uptrend, albeit with potentially lower profit margins. ⚠️While near-term targets include $1.6673, a crucial resistance level, and ultimately the all-time high (ATH), it's essential to employ fibo extension tools post the $1.1485 breakout to refine target levels and mitigate risks. 📝As we navigate the complexities of FTM's market dynamics, exercising caution and strategic decision-making remain paramount. Stay tuned for ongoing updates and insights as we continue to navigate the ever-evolving landscape of cryptocurrency trading. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
FLong
by itsparham96
Spotify Surges 14% As it Tops Earnings Target In First QuarterSpotify Technology ( NYSE:SPOT ), the foremost music streaming service, has reported an improvement in profitability for the first quarter of the year. During the March quarter, the company added 3 million premium subscribers, bringing the total number of paying subscribers to 239 million globally, which is in line with expectations. The number of monthly active users, however, was slightly lower than the Wall Street target at 615 million, although this still represents an increase of 19% compared to the previous year. Spotify ( NYSE:SPOT ) provides an ad-supported service in addition to a commercial-free subscription service. For the March quarter, the company reported earnings of $1.05 per share on sales of $3.95 billion in euros. Analysts polled by FactSet had expected the company to earn 67 cents per share on sales of $3.85 billion. In comparison, the company had incurred a loss of $1.27 per share on sales of $3.34 billion for the same period in the previous year. Daniel Ek, the CEO of Spotify, stated, "We've talked about 2024 as the year of monetization, and we're delivering on that ambition. Now, as we've shifted our focus to concentrate on strong revenue growth and margin expansion, we see a clear opportunity to ensure that we are continuing to grow the top of our funnel. I feel good about the changes we are implementing and remain very confident in our ability to reach the ambitious plans we've outlined." Following the announcement, Spotify's stock rose by 14%, with investors responding positively to the news of the improved profitability. The company's stock has been rising this year as it focuses on generating profits, with Morgan Stanley analyst Benjamin Swinburne stating that the company is "just beginning to inflect towards profitability and free-cash-flow generation."
NYSE:SPOTLong
by DEXWireNews
Galxe (GAL): Will we see a rebound to $5.85?Looking on BINANCE:GALUSDT , we are currently witnessing an interesting scenario. Following a prolonged accumulation phase within a specific trading range, there was a significant sell-off that led to a breakout downwards, entering what is often referred to as the "Manipulation Area" and specifically into Wave (4), just below the 50% retracement level. The most significant volume node, where the bulk of trading has occurred, is around $3.35. This is precisely where we have positioned our entry. Although our last attempt to re-enter the old range was unsuccessful, we are optimistic about re-entering the range this time and at least reaching the upper end of the range. Ideally, we would surpass the range high to fully complete Wave (5), aiming to revisit the previous high of $5.85 from Wave (3). This setup could potentially offer us an appealing swing trade opportunity,
GLong
by freeguy_by_wmc
1
📈XRP: Technical Analysis Amidst Market Tranquility🐢📊 Comprehensive Analysis - XRP 📊 Embarking on today's analysis amidst a market holiday, we find the market continues its calm demeanor, with the possibility of another day of consolidation and range-bound trading. Hence, exercise caution to avoid impulsive positions, as trading opportunities may be scarce during this period. 🔍 Project Overview: Today, we turn our attention to XRP, a cryptocurrency that personally doesn't resonate with me for its deviation from the fundamental principles of blockchain. However, as a professional, it's essential to stay abreast of developments in all relevant areas. 📈 Chart Analysis: Zooming into the daily timeframe, we witness a sharp downward movement, breaching the $0.495 support level. However, subsequent candlesticks failed to sustain below this level, potentially indicating the initiation of a new upward trend. Notably, XRP exhibits a bullish high wave cycle, with a conceivable upward target of $0.7240. 💡 Trading Strategy: For spot traders eyeing entry points, a cautious approach is advised. Consider setting your sights on the $0.7240 resistance level, where profit-taking may occur, or wait for a potential retracement to the support box. In the worst-case scenario, exercise patience and re-enter after a break below $0.724. 📊 Volume Analysis: Examining recent volume trends, red candle volumes outweigh green candles, suggesting prevalent selling pressure. Furthermore, the lackluster volume in the latest candlestick adds to the ambiguity, rendering it inconclusive for trading decisions. 🔄 Conclusion: With XRP's high wave cycle confining it within a range, traditional technical indicators like Fibonacci retracement offer limited utility. In such scenarios, traders must exercise caution and rely on comprehensive analysis to navigate the market effectively. May this analysis serve as a valuable resource in your trading endeavors. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
📊 In-Depth Technical Analysis - Rndr 📊🔍Diving into today's analysis, we find ourselves amidst the aftermath of the recent Bitcoin halving event, where miners are now receiving half of their previous rewards. As the broader market takes a breather, exhibiting signs of consolidation, it's evident that the current landscape doesn't quite cater to the dynamics of day trading. Hence, shifting our focus to a higher timeframe, we delve into the daily chart to dissect the intricacies of Rndr's technical outlook. 🚀 Project Overview: Rndr stands out as a premier cryptocurrency project, recognized for its practical implementation of metaverse concepts. More importantly, the project is actively progressing, with ongoing developments outlined in its whitepaper, offering tangible services for its users. 📈 Chart Analysis: After a notable uptrend from $4 to $12, Rndr initiated a corrective phase, retracing to around $7.633. Presently, amidst a period of market stabilization reminiscent of Bitcoin's behavior, Rndr has settled into a consolidation phase, indicating a temporary balance between buyers and sellers. 📊 Volume Insight: Analyzing recent candlesticks, it's apparent that red candles dominate in terms of volume, signaling a phase of market consolidation. While a reduction in volume often accompanies price relaxation, it also suggests a period of subdued market sentiment, characterized by decreased trading activity. 🔄 Fibonacci Retracement Analysis: A notable observation is the Fibonacci retracement from the previous upward wave, which suggests a pullback to the 0.5 level, indicating a phase of consolidation. Should a breakout occur, the potential target could be the previous high at $12.603. Conversely, a reversal from this level could signify a bearish trend reversal. 📉 SMA Evaluation: Of particular interest is the SMA99, currently intersecting with the price action. This convergence may signify a significant market influence, potentially laying the groundwork for a renewed bullish trend. 🎯 Conclusion: Taking into account all essential parameters, the analysis underscores the presence of a robust Potential Reversal Zone (PRZ) within the current price range, presenting an opportune entry point for spot traders. Furthermore, the ongoing high wave cycle serves as an additional catalyst, bolstering the potential for an upward trajectory. Stay tuned for further insights as the market unfolds!
RLong
by itsparham96
THORChain (RUNE): An outlook on the Higher TimeframeAt BINANCE:RUNEUSDT , we are initially examining the monthly chart because we believe it reveals something very significant and promising. We are potentially in a major Wave 3, which could realistically target at least $34.70. This is a considerably high target, yet feasible for Rune given its performance relative to other cryptocurrencies—it hasn't risen as sharply, suggesting there might be substantial upward potential once it breaks out. We have observed multiple fakeouts around this trendline but have never truly broken above it. This trendline, along with the demand zone highlighted on the monthly chart, will be crucial anchors for our analysis. We do not expect to fall below this demand zone; it forms the basis of our swing or spot bag setup for Rune. The response to recent price dips has been encouragingly positive, indicating resilience. If we see a clear breakout above this trendline and the price successfully consolidates above it, we anticipate significant bullish momentum to follow.
Long
by freeguy_by_wmc
LUNC spot buy/sell zonesLast LUNC from november 2023 left much liquidity to grab. Most possible, but least trustable zoone is first at the chart marked with green demand box or red supply zones. Gold boxes are high quality zoones, for short or long either. BUY My favourite scenario is the one with hitting new low but as the realist i would buy in green and first gold box SELL One place that i can see to stop the price can be red box but it isnt too dangerous place. I will hold my bought LUNC untill i will see readable distribution scheme.
Long
by HallFer
3
Analyzing MATIC: Identifying Long-Term Entry Points at $0.75As a quantitative analyst and algorithmic trader, I am currently crafting a spot portfolio aimed at achieving over 100% profit in the crypto market. My algorithmic trading approach operates within a cloud-based system featuring two distinct edges tailored to capture different market trends: the medium-term edge, situated closer to the current market price, and the long-term edge, positioned further away. When the medium-term edge surpasses the long-term one, signaling an upward trend, the cloud indicator shifts to green. Conversely, if the medium-term trend falls below the long-term one, indicating a downward trend, the cloud transitions to yellow. According to my personal strategy, targeting the sharp edges of the cloud presents favorable retracement opportunities, prompting me to become a long-term Metic buyer at these points. Please be advised that any market analysis presented herein is solely for informational purposes and should not be interpreted as financial advice or a trading signal.
MLong
by alih_net
2
Chinese Asset Managers Ready to Adopt Spot Bitcoin ETF Bad news for investors hoping the Federal Reserve will cut interest rates aggressively: The CPI jumped 3.5% in March year-over-year, an increase from February's 3.2% YOY jump and above expectations of 3.4%. Bitcoin (BTC) initially dipped below $67,500 after the CPI release, before clawing back losses to end the day positive and appearing ready to retest the $70K level again. BTC price see-saws as halving event approaches: BTC price action remains choppy as we approach the Bitcoin halving, which is estimated to take place April 20th. Some investors believe there is too much optimism priced into Bitcoin, and we could see a correction in the days before and after the halving. Chinese asset managers ready to adopt spot BTC ETFs: Spot BTC ETFs are likely set to launch in Hong Kong later this month, with the first approvals potentially coming as early as next week. Among the applicants are some of China's largest asset managers. These will mark the first spot BTC ETFs in Asia. DeFi crypto company says SEC is suing them: Uniswap Labs said in a blog post Wednesday that the SEC has notified them it will pursue legal action against the company. Uniswap is a DeFi platform that allows users to trade cryptocurrencies peer-to-peer without a centralized exchange. TON Price Surges After Distribution Announcement: Toncoin (TON) broke into the top 10 cryptos by market cap this week for the first time after reaching a new all-time high above $7. The surge comes on the heels of a big announcement from the Ton Society, a group of engineers and developers dedicated to growing the TON network. ⏳ Topic of the Week: What happens after the Bitcoin halving? 👉 Read more here
GEMINI:BTCUSD
by Gemini
SPOT Spotify Technology Options Ahead of EarningsIf you haven`t bought SPOT inside the Buy Area: Then analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week, I would consider purchasing the 220usd strike price in the money Calls with an expiration date of 2024-4-19, for a premium of approximately $18.90. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:SPOTLong
by TopgOptions
Spotify Shares Surge: As it Plans to Increase Premium PriceSpotify (NYSE: NYSE:SPOT ) has announced plans to raise prices for its premium subscription service in multiple markets, including the United States. The news sent Spotify shares soaring by 6% on Wednesday, following reports from Bloomberg. According to sources familiar with the matter cited by Bloomberg, Spotify ( NYSE:SPOT ) intends to implement price hikes ranging from $1 to $2 per month in five key markets, including the United Kingdom, Australia, and Pakistan, by the end of April. The company will also introduce a new basic subscription tier priced at $11 per month, which will offer access to music and podcasts but exclude audiobooks. The decision to raise prices comes as Spotify ( NYSE:SPOT ) aims to offset the costs associated with its audiobook service, which provides subscribers with 15 hours of audiobook listening time per month. By increasing subscription fees, Spotify ( NYSE:SPOT ) seeks to maintain profitability and sustain its growth trajectory amid intensifying competition in the streaming market. Last year, Spotify ( NYSE:SPOT ) implemented similar price increases in various regions, including the United States, as part of its efforts to improve its financial performance. Despite facing fierce competition from rivals such as Apple, Amazon, and YouTube, Spotify has continued to expand its user base and enhance its offerings. The introduction of a new basic subscription tier reflects Spotify's commitment to catering to diverse consumer preferences and enhancing the value proposition for its users. By providing a more affordable option for accessing music and podcasts, Spotify aims to attract a broader audience and drive subscriber growth. While Spotify ( NYSE:SPOT ) declined to comment on Bloomberg's report, the company's actions underscore its determination to innovate and adapt to evolving market dynamics. As the streaming landscape evolves and consumer demand for digital entertainment services continues to grow, Spotify remains focused on delivering compelling experiences and driving long-term shareholder value. The surge in Spotify's share price following the price hike announcement reflects investor optimism regarding the company's ability to monetize its platform and capitalize on emerging opportunities. With its innovative approach to content delivery and strong market position, Spotify is well-positioned to navigate challenges and sustain its growth momentum in the competitive streaming market. Technical Outlook Spotify ( NYSE:SPOT ) shares have exhibited consolidation near the $270 resistance level, indicating a gathering of supply. Following this period, the stock surged, encountering new resistance levels. This trend occurred in line with the announcement regarding Spotify's plans to increase payments for its premium subscription plan, suggesting anticipation and market reaction to forthcoming developments.
NYSE:SPOTLong
by DEXWireNews