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GRT/BTC - The Graph: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the JSE:GRT / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.00000453 | 0.00000466 | 0.00000491, and the major support zones can be found at 0.00000428 | 0.00000416 | 0.00000391. Consider entering a trade at the current price zone of 0.00000464 and targeting higher levels. ◰◲ General info : ▣ Name: The Graph ▣ Rank: 42 ▣ Exchanges: Binance, Huobipro, Bittrex, Kraken, Hitbtc ▣ Category/Sector: Infrastructure - Data Management ▣ Overview: The Graph is a protocol for indexing and querying data from blockchains, starting with Ethereum. Developers build applications with open APIs called subgraphs to easily access on-chain data that is indexed by a network of node operators. Subgraphs are open source so anyone can use the APIs to build decentralized applications. Many Ethereum applications have already built subgraphs and use them today including: Audius, Uniswap, Opyn, ENS, DAOstack, Synthetix, Moloch and more. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000464 ₿ ▣ 24HVol: 14.670 ₿ ▣ 24H Chng: 6.178% ▣ 7-Days Chng: 6.39% ▣ 1-Month Chng: -9.80% ▣ 3-Months Chng: -17.33% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000453 | 0.00000466 | 0.00000491 ◢ Support: 0.00000428 | 0.00000416 | 0.00000391 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.58 ▣ Last 90D: -0.73 ▣ Last 1-Y: 0.45 ▣ Last 3-Y: 0.75 ◲◰ Volatility : ▣ Last 30D: 0.63 ▣ Last 90D: 0.84 ▣ Last 1-Y: 1.19 ▣ Last 3-Y: 1.77 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.59 - Bullish ▣ Reddit sentiment score is 0.40 - Bearish ▣ In-depth GRTBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
DOT/BTC - Polkadot: Triangle_&_Wedge◳◱ Our analysis has revealed a Triangle & Wedge pattern on the MIL:DOT / CRYPTOCAP:BTC chart, signaling a period of consolidation as the price moves within the confines of this pattern. The next resistance key levels are at 0.0002012 | 0.0002053 | 0.0002129 and the major support zones are respectively at 0.0001936 | 0.0001901 | 0.0001825. A potential trend change could emerge upon a breakout from this pattern. As such, we may consider buying at the current price and aim for higher levels above the breakout level. ◰◲ General info : ▣ Name: Polkadot ▣ Rank: 13 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Polkadot is a blockchain network designed to support various interconnected, application-specific sub-chains called parachains (short for parallelized chains). Each chain built within Polkadot uses Parity Technologies' Substrate modular framework, which allows developers to select specific components that suit their application-specific chain best. Polkadot refers to the entire ecosystem of parachains that plug into a single base platform known as the Relay Chain. This base platform, which also leverages Substrate, does not support application functionality but instead provides security to the network's parachains and contains Polkadot's consensus, finality, and voting logic. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0001997 ₿ ▣ 24HVol: 36.868 ₿ ▣ 24H Chng: 0.352% ▣ 7-Days Chng: -2.09% ▣ 1-Month Chng: -12.91% ▣ 3-Months Chng: -20.98% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0002012 | 0.0002053 | 0.0002129 ◢ Support: 0.0001936 | 0.0001901 | 0.0001825 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: NEUTRAL ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: -3.20 ▣ Last 90D: -1.79 ▣ Last 1-Y: -0.51 ▣ Last 3-Y: -0.01 ◲◰ Volatility : ▣ Last 30D: 0.39 ▣ Last 90D: 0.58 ▣ Last 1-Y: 0.76 ▣ Last 3-Y: 1.60 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.44 - Bearish ▣ Twitter sentiment score is 0.63 - Bullish ▣ Reddit sentiment score is 0.49 - Bearish ▣ In-depth DOTBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
OIL Further Price accumulation on the way?Fundamental Analysis Here are the important updates about oil and the market: The uncertainty surrounding the US debt-ceiling talks is affecting the price of oil. If the US defaults on its debt, it could lead to a global recession. The US Dollar is gaining value because investors are seeking safety and there are expectations that the Federal Reserve will continue to raise interest rates. Recent macroeconomic data from the US supports the strength of the US Dollar. The Gross Domestic Product (GDP) for the first quarter was revised up to 1.3% from an initial estimate of 1.1%. The GDP price index was also revised up to 4.2% from 4.0%. Additionally, the Core Personal Consumption Expenditures for the first quarter were revised up to 5.0% from 4.9%. The US Dollar is further supported by positive labor market data. The number of Initial Jobless Claims for May 19 was lower than expected, indicating a strong job market. The Energy Information Administration released inventory data on Wednesday, showing a much larger-than-expected decrease of 12.5 million barrels. This suggests that there is robust demand for oil. Analysts had predicted a rise of 775,000 barrels. The oil price received support from comments made by Saudi Oil Minister, Prince Abdulaziz bin Salman. He warned speculators to be cautious and mentioned that they might face consequences similar to what happened in April. His comments are seen as a warning to those who are betting against the price of oil. Abdulaziz defended the decision made by OPEC to cut production by 2 million barrels per day at their October 2022 meeting. Since the oil price is currently at similar levels to October, there is a possibility that OPEC may announce another production cut in June. The Memorial Day weekend in the US, starting on May 27, marks the beginning of the summer driving season. This will increase the demand for oil, which will likely support oil prices. Technical Analysis We believe that the price of oil went down earlier this morning (Thursday) because traders were worried about the debt ceiling and wanted to secure their profits from the recent increase in prices. Oil is mainly priced in US Dollars, and since the US Dollar is getting stronger, it is putting pressure on the price of Oil price too. Right now, price is in a somewhat messy “bullish range” ($70 to $75) potentially making a “five-wave” corrective pattern - so would expect to reverse from $71 / $70 price lower level, to go back up to the $77 price level and potentially reverse down one more time before seeing any true bullish move. Right now, Oil price is not clean, so I would like to wait the end of this price accumulation before looking at any trades.
TVC:USOIL
by financialflagship
2
EURUSD Bearish continuation expectedFundamental Analysis The European currency is facing ongoing selling pressure, causing EUR/USD to decline below the important level of $1.0800. This analysis is being written while this downward trend continues. As we've seen in previous sessions, the prevailing cautious sentiment, known as risk-off mood, is being fueled by concerns about the US debt ceiling. This, in turn, is supporting the US dollar and contributing to its upward bias. The euro is also being weighed down by a more moderate stance from the European Central Bank's (ECB) rate setters. Vice-President L. De Guindos mentioned earlier that the bank has already made most of the necessary tightening measures, despite suggesting the possibility of further rate hikes in the future. On the other hand, A. Müller, who is typically more inclined towards tightening, dismissed the idea of rate cuts in early next year. In terms of upcoming events, ECB President C. Lagarde is scheduled to speak later today, which is the only notable event in the European region. During the North American session, we can expect the release of Initial Jobless Claims, the Philly Fed Manufacturing Index, Existing Home Sales, and the CB Leading Index. Additionally, FOMC members P. Jefferson, L. Logan, and M. Barr are all scheduled to give speeches. The movement of the euro's value is expected to closely follow the behavior of the US dollar and may be influenced by any divergences in the interest rate plans of the Federal Reserve (Fed) and the ECB. Looking ahead, the ECB's hawkish stance continues to support the possibility of further rate hikes, although this view contrasts with a recent slowdown in economic fundamentals in the region. Notable events in the euro area this week include ECB President Lagarde's speech, which is scheduled for later today, Thursday. Some important issues to keep in mind include the continuation of the ECB's tightening cycle, which may occur in June and July (and potentially September), as well as the impact of the Russia-Ukraine conflict on the region's growth prospects and inflation outlook. There are also concerns about the risks of inflation becoming entrenched. Technical Analysis In regards to technical analysis, we would expect EUR/USD to drop further to the $1.06900 / $1.06600 zone before seeing any true bullish move. We will be looking at taking a short to that zone in H1 or M15 if we get any pullback (potentially at 1.0800 prize zone, see purple rectangle on chart). We will only take the trade if price provides us with the right price action as confirmation of down move.
Short
by financialflagship
1
KAVA/BTC - Kava: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the CRYPTOCAP:KAVA / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.00004299 | 0.00004862 | 0.00006386, and the major support zones can be found at 0.00002775 | 0.00001814 | 0.0000029. Consider entering a trade at the current price zone of 0.00003846 and targeting higher levels. ◰◲ General info : ▣ Name: Kava ▣ Rank: 79 ▣ Exchanges: Binance, Huobipro, Kraken, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Kava is a fast and secure Layer-1 blockchain featuring a unique co-chain architecture that combines the speed and interoperability of the Cosmos SDK with the flexibility and developer support of the Ethereum Virtual Machine (EVM). Kava has a native governance and utility token, KAVA, that can be staked by validators or delegated to validator nodes. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00003846 ₿ ▣ 24HVol: 8.563 ₿ ▣ 24H Chng: 6.478% ▣ 7-Days Chng: 11.60% ▣ 1-Month Chng: 21.64% ▣ 3-Months Chng: 11.10% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00004299 | 0.00004862 | 0.00006386 ◢ Support: 0.00002775 | 0.00001814 | 0.0000029 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.08 ▣ Last 90D: 0.11 ▣ Last 1-Y: -0.57 ▣ Last 3-Y: 0.76 ◲◰ Volatility : ▣ Last 30D: 0.95 ▣ Last 90D: 0.88 ▣ Last 1-Y: 0.96 ▣ Last 3-Y: 1.34 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.67 - Bullish ▣ Reddit sentiment score is 0.58 - Bullish ▣ In-depth KAVABTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
CRV/BTC - Curve: BBand_Breakout Super-Trend◳◱ A Bollinger Band breakout and a Super Trend pattern have been noticed on the LSE:CRV / CRYPTOCAP:BTC chart, indicating a bullish trend. The Bollinger Band shows a probable positive trend as the price has moved outside of the upper band, while the Super Trend confirms the bullish trend. To buy at the current price range and aim for higher levels would be a solid option. The key resistance levels are located at 0.00003101 | 0.0000321 | 0.00003407, and the major support zones can be found at 0.00002904 | 0.00002816 | 0.00002619. ◰◲ General info : ▣ Name: Curve ▣ Rank: 64 ▣ Exchanges: Binance, Huobipro, Gateio, Bittrex, Kraken, Hitbtc ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: Curve Finance is a decentralized exchange optimized for low slippage swaps between stablecoins or similar assets that peg to the same value (e.g. wBTC/renBTC). The protocol employs a Automated Market Maker that was built specifically to give DeFi users low slippage and liquidity providers steady fee revenue. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00003077 ₿ ▣ 24HVol: 5.694 ₿ ▣ 24H Chng: 1.217% ▣ 7-Days Chng: 1.61% ▣ 1-Month Chng: -13.45% ▣ 3-Months Chng: -33.87% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00003101 | 0.0000321 | 0.00003407 ◢ Support: 0.00002904 | 0.00002816 | 0.00002619 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -4.58 ▣ Last 90D: -1.66 ▣ Last 1-Y: 0.24 ▣ Last 3-Y: 0.20 ◲◰ Volatility : ▣ Last 30D: 0.62 ▣ Last 90D: 0.76 ▣ Last 1-Y: 1.19 ▣ Last 3-Y: 1.81 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.61 - Bullish ▣ Twitter sentiment score is 0.49 - Bearish ▣ Reddit sentiment score is 0.66 - Bullish ▣ In-depth CRVBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
CTK/USDT - CertiK: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $CTK / CRYPTOCAP:USDT chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.765 | 0.791 | 0.86, and the major support zones can be found at 0.696 | 0.653 | 0.584. Consider entering at the current price zone of 0.753 and targeting higher levels. ◰◲ General info : ▣ Name: CertiK ▣ Rank: None ▣ Exchanges: Binance, Bybit, Gateio, Mexc, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.753 ₮ ▣ 24HVol: 534,404.273 ₮ ▣ 24H Chng: 1.074% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 0.765 | 0.791 | 0.86 ◢ Support: 0.696 | 0.653 | 0.584 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: 1.11 ▣ Last 3-Y: -0.43 ◲◰ Volatility : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: 0.90 ▣ Last 3-Y: 1.19 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.70 - Bullish ▣ Reddit sentiment score is 0.84 - V. Bullish ▣ In-depth CTKUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ALGO/BTC - Algorand: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the SIX:ALGO / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00000622 | 0.00000639 | 0.00000677, and the major support zones can be found at 0.00000584 | 0.00000563 | 0.00000525. Consider entering at the current price zone of 0.00000623 and targeting higher levels. ◰◲ General info : ▣ Name: Algorand ▣ Rank: 42 ▣ Exchanges: Binance, Kucoin, Huobipro, Bittrex, Kraken, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Unlike other PoS models, PPoS does not reward, nor does it put validator or user funds at risk of being slashed (a loss of funds used to promote honest node and user behavior). Algorand intends to eventually leverage its PPoS design to form the foundation for an on-chain governance system. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000623 ₿ ▣ 24HVol: 14.526 ₿ ▣ 24H Chng: 2.467% ▣ 7-Days Chng: 2.40% ▣ 1-Month Chng: -27.91% ▣ 3-Months Chng: -37.87% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000622 | 0.00000639 | 0.00000677 ◢ Support: 0.00000584 | 0.00000563 | 0.00000525 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -6.44 ▣ Last 90D: -1.69 ▣ Last 1-Y: -0.75 ▣ Last 3-Y: 0.51 ◲◰ Volatility : ▣ Last 30D: 0.55 ▣ Last 90D: 0.75 ▣ Last 1-Y: 0.87 ▣ Last 3-Y: 1.20 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.60 - Bullish ▣ Reddit sentiment score is 0.59 - Bullish ▣ In-depth ALGOBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
DASH/BTC - Dash: Super_Trend◳◱ We've detected a Super Trend pattern on the NYSE:DASH / CRYPTOCAP:BTC chart. The Super Trend indicator is showing a bullish trend, indicating a potential trend reversal. The next resistance key levels are at 0.001605 | 0.001679 | 0.001828 and the major support zones are respectively at 0.001456 | 0.001381 | 0.001232. We may consider opening a trade position at the current price zone at 0.001582 and benefit from the trend continuation. ◰◲ General info : ▣ Name: Dash ▣ Rank: 89 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Payments - Currencies ▣ Overview: Dash is a fork of Bitcoin that focuses on the payments use case. It has introduced a number of features to the industry including masternodes, LLMQs, ChainLocks, and InstantSend, which target scalability, speed, reliability, cost-effectiveness, and user experience. The Dash network is also the longest-running decentralized autonomous organization, utilizing on-chain governance to allocate network resources toward projects and organizations that support the network. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.001582 ₿ ▣ 24HVol: 5.374 ₿ ▣ 24H Chng: 2.861% ▣ 7-Days Chng: 1.90% ▣ 1-Month Chng: -29.66% ▣ 3-Months Chng: -41.50% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.001605 | 0.001679 | 0.001828 ◢ Support: 0.001456 | 0.001381 | 0.001232 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -6.03 ▣ Last 90D: -1.59 ▣ Last 1-Y: -0.05 ▣ Last 3-Y: 0.36 ◲◰ Volatility : ▣ Last 30D: 0.64 ▣ Last 90D: 0.80 ▣ Last 1-Y: 0.82 ▣ Last 3-Y: 1.10 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.59 - Bullish ▣ Reddit sentiment score is 0.45 - Bearish ▣ In-depth DASHBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
BCH/BTC - Bitcoin Cash: ◳◱ Technical analysis to be included soon, stay tuned! ◰◲ General info : ▣ Name: Bitcoin Cash ▣ Rank: 29 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Payments - Currencies ▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00434 ₿ ▣ 24HVol: 41.511 ₿ ▣ 24H Chng: 4.327% ▣ 7-Days Chng: -5.00% ▣ 1-Month Chng: -11.37% ▣ 3-Months Chng: -8.46% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00423 | 0.00437 | 0.00463 ◢ Support: 0.00397 | 0.00385 | 0.00359 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.56 ▣ Last 90D: -0.31 ▣ Last 1-Y: -0.31 ▣ Last 3-Y: 0.27 ◲◰ Volatility : ▣ Last 30D: 0.54 ▣ Last 90D: 0.59 ▣ Last 1-Y: 0.76 ▣ Last 3-Y: 1.02 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.27 - V. Bearish ▣ In-depth BCHBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
GBPUSD Potential bullish reversal coming?Fundamental Analysis GBP/USD market movers The governor of the Bank of England, Andrew Bailey, recently spoke about how the inflation readings for April are expected to show a significant drop as the effects of higher fuel and food prices from last year are no longer in the equation. Although there are signs that inflation is easing, Bailey also mentioned that the secondary effects of high inflation are still present and that there are potential risks for inflation in the future. Bank of England's recent policy meeting went as expected with no surprises. The BoE decided to raise interest rates by 25 basis points to 4.50%, which was the same decision made at the previous meeting. This decision was voted on by a 7-2 majority. In the UK, inflation is currently at 10.1%, which is more than double the 4.9% reading in the US. The core inflation rates in both countries are closer, with the UK at 6.2% and the US at 5.5%. However, this suggests that the UK will likely continue to raise interest rates after the Federal Reserve (Fed) has stopped, which may benefit the Pound Sterling over the US Dollar as global investors tend to prefer currencies with higher interest rates to invest their money. Looking at the US Dollar and the potential risks associated with the US debt ceiling default. US Treasury Secretary Janet Yellen recently warned that a failure to raise the debt ceiling could result in an "economic and financial catastrophe." This could have an impact on the US Dollar moving forward. The US Bureau of Labor Statistics released the Producer Price Index (PPI) for April, with both the annual headline and core figures coming in slightly below expectations. Additionally, the US Department of Labor's weekly Initial Jobless Claims were higher than expected, with 264K new first-time unemployment claims filed. Technical Analysis From a technical perspective, from our point of view, GBP/USD remains in a long-term uptrend, advantaging long over short holders even if price was to break below the TL, which would means that the current correction will be longer and deeper before breaking the Highs of May 2022, please see chart analysis above for details.
Long
by financialflagship