BSW/USDT - Biswap: Trend_Reversal◳◱ Hey traders, A Trend Reversal has been identified on the $BSW / CRYPTOCAP:USDT chart. The trend of the price has reversed, indicating a potential trend change. The next resistance levels are located at 0.0892 | 0.0933 | 0.1008, while the main support levels can be found at 0.0817 | 0.0783 | 0.0708. Consider buying at the current price of 0.0881 and benefiting from the trend continuation.
◰◲ General info :
▣ Name: Biswap
▣ Rank: 443
▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc
▣ Category/Sector: N/A
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0881 ₮
▣ 24HVol: 557,474.218 ₮
▣ 24H Chng: 4.632%
▣ 7-Days Chng: 3.38%
▣ 1-Month Chng: -29.17%
▣ 3-Months Chng: -53.10%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0892 | 0.0933 | 0.1008
◢ Support: 0.0817 | 0.0783 | 0.0708
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -6.61
▣ Last 90D: -5.51
▣ Last 1-Y: -1.79
▣ Last 3-Y: -0.77
◲◰ Volatility :
▣ Last 30D: 0.72
▣ Last 90D: 0.58
▣ Last 1-Y: 0.65
▣ Last 3-Y: 1.47
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth BSWUSDT 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.
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Technical_analysis
USDJPY retracement at the highAfter a few indecision candles at the high, followed buy a volume push up to a major resistance, I became alert that a bearish setup might present. Friday closed off with a variation of a bearish engulfing. When price closes beyond a price then closes right back beneath it its a sign that this price is being rejected. Naked analysis tells us that the 1hour chat has already began its downward momentum. A minor double top formed. My short entry was based on the high volume bearish engulfing re-test at the neckline. The 30MIN chart has begun creating its lower highs and lower lows. This is a short scalp. the buy will likely present later in the week.
AST/USDT - AirSwap: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the LSE:AST / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 0.1365 | 0.1533 | 0.1808, and the major support zones can be found at 0.109 | 0.0983 | 0.0708. Consider buying at the current price zone of 0.1181 and targeting higher levels.BBand_Squeeze
◰◲ General info :
▣ Name: AirSwap
▣ Rank: 524
▣ Exchanges: Binance, Huobipro, Gateio
▣ Category/Sector: Financial - Decentralized Exchanges
▣ Overview: Airswap is a peer-to-peer, non-custodial exchange protocol and network for trading ERC20 tokens that allows traders to identify potential counterparties, negotiate directly (and privately), and execute on-chain.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.1181 ₮
▣ 24HVol: 2,790,161.826 ₮
▣ 24H Chng: 4.606%
▣ 7-Days Chng: -2.60%
▣ 1-Month Chng: 18.87%
▣ 3-Months Chng: 37.73%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.1365 | 0.1533 | 0.1808
◢ Support: 0.109 | 0.0983 | 0.0708
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.40
▣ Last 90D: 1.12
▣ Last 1-Y: 1.00
▣ Last 3-Y: 0.99
◲◰ Volatility :
▣ Last 30D: 2.27
▣ Last 90D: 1.74
▣ Last 1-Y: 1.79
▣ Last 3-Y: 2.03
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.25 - V. Bearish
▣ In-depth ASTUSDT 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.
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SFP/USDT - SafePal: Golden_Cross◳◱ We've detected a Golden Cross pattern on the SET:SFP / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. We may consider buying at the current price zone at 0.4756. The next resistance key levels are at 0.4825 | 0.5292 | 0.6481 and the major support zones are respectively at 0.3636 | 0.2914 | 0.1725.
◰◲ General info :
▣ Name: SafePal
▣ Rank: 161
▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc
▣ Category/Sector: Infrastructure - Wallet
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.4756 ₮
▣ 24HVol: 16,405,027.469 ₮
▣ 24H Chng: 16.597%
▣ 7-Days Chng: 32.89%
▣ 1-Month Chng: 17.59%
▣ 3-Months Chng: 9.56%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.4825 | 0.5292 | 0.6481
◢ Support: 0.3636 | 0.2914 | 0.1725
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.27
▣ Last 90D: -0.34
▣ Last 1-Y: 0.79
▣ Last 3-Y: 0.75
◲◰ Volatility :
▣ Last 30D: 0.69
▣ Last 90D: 0.61
▣ Last 1-Y: 1.12
▣ Last 3-Y: 2.37
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.59 - Bullish
▣ In-depth SFPUSDT 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.
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GMT/USDT - STEPN: SuperTrend BBand_Breakout◳◱ We've detected both a Bollinger Band breakout and a Super Trend pattern on the NZX:GMT / CRYPTOCAP:USDT chart. Both indicators are signaling a bullish trend, with the Bollinger Band indicating a potential bullish trend as the price has moved outside of the upper band and the Super Trend showing a bullish trend. This is a stronger bullish signal as both indicators are aligned. It may be a good idea to consider buying at the current price zone and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.2062 | 0.2176 | 0.2423 and the major support zones are at 0.1815 | 0.1682 | 0.1435. However, it is still important to consider other factors such as overall market conditions, and other technical indicators before making a trade decision.
◰◲ General info :
▣ Name: STEPN
▣ Rank: 152
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: N/A
▣ Overview: STEPN project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.2005 ₮
▣ 24HVol: 3,009,719.811 ₮
▣ 24H Chng: 2.926%
▣ 7-Days Chng: 3.85%
▣ 1-Month Chng: -26.55%
▣ 3-Months Chng: -48.64%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.2062 | 0.2176 | 0.2423
◢ Support: 0.1815 | 0.1682 | 0.1435
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -4.66
▣ Last 90D: -3.77
▣ Last 1-Y: -0.38
▣ Last 3-Y: 0.99
◲◰ Volatility :
▣ Last 30D: 0.88
▣ Last 90D: 0.73
▣ Last 1-Y: 1.19
▣ Last 3-Y: 1.93
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.44 - Bearish
▣ Reddit sentiment score is 0.56 - Bullish
▣ In-depth GMTUSDT 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.
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PLA/USDT - PLA: Ascending_Triangle◳◱ We've detected an Ascending Triangle pattern on the TWSE:PLA / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance levels are at 0.1407 | 0.1466 | 0.1588 and the major support zones are respectively at 0.1285 | 0.1222 | 0.11.
◰◲ General info :
▣ Name: PLA
▣ Rank: 267
▣ Exchanges: Binance, Huobipro, Gateio, Poloniex, Mexc, Bittrex
▣ Category/Sector: Payments - Gaming
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.1369 ₮
▣ 24HVol: 182,132.556 ₮
▣ 24H Chng: 1.407%
▣ 7-Days Chng: 0.09%
▣ 1-Month Chng: -25.43%
▣ 3-Months Chng: -38.63%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.1407 | 0.1466 | 0.1588
◢ Support: 0.1285 | 0.1222 | 0.11
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -6.57
▣ Last 90D: -2.40
▣ Last 1-Y: -0.05
▣ Last 3-Y: 0.71
◲◰ Volatility :
▣ Last 30D: 0.69
▣ Last 90D: 0.81
▣ Last 1-Y: 1.07
▣ Last 3-Y: 2.56
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.55 - Bullish
▣ Reddit sentiment score is 0.86 - V. Bullish
▣ In-depth PLAUSDT 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.
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MKR/USDT - Maker: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the ASX:MKR / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 702 | 786 | 966, and the major support zones can be found at 522 | 426 | 246. Consider buying at the current price zone of 671 and targeting higher levels.BBand_Squeeze
◰◲ General info :
▣ Name: Maker
▣ Rank: 61
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Financial - Lending
▣ Overview: Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.
◰◲ Technical Metrics :
▣ Mrkt Price: 671 ₮
▣ 24HVol: 2,117,940.001 ₮
▣ 24H Chng: 0.751%
▣ 7-Days Chng: 8.59%
▣ 1-Month Chng: 6.50%
▣ 3-Months Chng: -0.00%
◲◰ Pivot Points - Levels :
◥ Resistance: 702 | 786 | 966
◢ Support: 522 | 426 | 246
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.73
▣ Last 90D: -0.02
▣ Last 1-Y: 0.36
▣ Last 3-Y: 0.58
◲◰ Volatility :
▣ Last 30D: 0.38
▣ Last 90D: 0.45
▣ Last 1-Y: 0.90
▣ Last 3-Y: 1.15
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.72 - Bullish
▣ In-depth MKRUSDT 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.
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BCH/USDT - Bitcoin Cash: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $BCH / $USDT 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 135.6 | 146.6 | 164.6, and the major support zones can be found at 117.6 | 110.6 | 92.6. Consider entering a trade at the current price zone of 123.9 and targeting higher levels.
◰◲ General info :
▣ Name: Bitcoin Cash
▣ Rank: 29
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ 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: 123.9 ₮
▣ 24HVol: 7,823,626.201 ₮
▣ 24H Chng: 2.993%
▣ 7-Days Chng: -1.69%
▣ 1-Month Chng: -8.22%
▣ 3-Months Chng: 26.08%
◲◰ Pivot Points - Levels :
◥ Resistance: 135.6 | 146.6 | 164.6
◢ Support: 117.6 | 110.6 | 92.6
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.46
▣ Last 90D: 1.43
▣ Last 1-Y: -0.97
▣ Last 3-Y: 0.33
◲◰ Volatility :
▣ Last 30D: 0.67
▣ Last 90D: 0.59
▣ Last 1-Y: 0.82
▣ 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 0.68 - Bullish
▣ In-depth BCHUSDT 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
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RAD/BTC - Radicle: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the NYSE:RAD / 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 0.0000775 | 0.0000954 | 0.000125, and the major support zones can be found at 0.0000479 | 0.0000362 | 0.0000066. Consider entering a trade at the current price zone of 0.0000653 and targeting higher levels.
◰◲ General info :
▣ Name: Radicle
▣ Rank: N/A
▣ Exchanges: Binance, Huobipro, Hitbtc
▣ Category/Sector: N/A
▣ Overview: Radicle project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0000653 ₿
▣ 24HVol: 2.490 ₿
▣ 24H Chng: 2.351%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0000775 | 0.0000954 | 0.000125
◢ Support: 0.0000479 | 0.0000362 | 0.0000066
◱◳ 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: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.36 - Bearish
▣ Reddit sentiment score is 0.66 - Bullish
▣ In-depth RADBTC 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.
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OIL - Potential up move before a bigger dropFundamental Analysis
WTI remains stable as global interest rates are decided, showing signs of a potential increase for the week. The People's Bank of China's decision to lower rates aims to boost economic growth and improve the outlook for oil. Currently, WTI is trading at $71.25, a slight increase from before.
Despite elevated prices worldwide and a slowing economy, major central banks, such as the European Central Bank (ECB) and the Federal Reserve (Fed), have chosen to keep rates unchanged. The ECB raised rates to a 22-year high, while the Fed decided to skip its June meeting but revised its peak rates upward, surpassing the 5.50% threshold. Although this initially strengthened the US dollar, WTI prices were affected by Jerome Powell's neutral comments, causing the gains to diminish.
In contrast to the ECB and the Fed, the People's Bank of China reduced rates due to the slower-than-expected recovery of the Chinese economy. Recent data suggests a loss of momentum, which impacted the rise in oil prices, especially after Saudi Arabia announced a cut in its crude oil output starting in July.
Growing demand in China has supported oil prices, with refinery output reaching its second-highest level on record. The CEO of Kuwait Petroleum Corp estimates that Chinese oil demand will continue to increase in the second half of the year.
It's important to note that the voluntary cuts in crude oil production by the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) will limit supply in the near future. Additionally, the US dollar has weakened following the Fed's decision to keep rates unchanged, which also contributes to favourable conditions for WTI prices.
Technical Analysis
From a technical perspective, WTI is currently moving horizontally on the charts, staying within the range of approximately $63.50 to $68.00 throughout the year. Our long term view is bearish, but right now we would expect a move up to $76 Price range before we could see another bigger drop which would most likely break the $63 price level.
Bulls and Bears zone for 06-14-2023Market has rallied for several days without any PB.
Any test of ETH session high could provide direction for the day.
Level to watch: 4428 --- 4426
Reports to watch:
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Announcement
2:00 PM ET
US: Fed Chair Press Conference
2:30 PM ET
Top Trios of Technical IndicatorsBuilding on my previous article, "Top Technical Indicators Pairings", that explored the powerful duo combinations of technical indicators, I am excited to share my research on the top trio combinations of technical indicators.
This article aims to shed light on the intricate relationships between different indicators, and how using them in groups of three can provide more robust signals for trading strategies.
Remember, there is no foolproof strategy, and the success of a trading strategy depends on various factors such as the trader's skill, market conditions, and risk management techniques.
1. Moving Averages, MACD, and RSI
- Strengths:
Moving Averages: Moving averages smooth out price data and help identify trends. They provide a clear visual representation of price movements, allowing traders to understand the overall direction of the market.
MACD: The MACD confirms trends and provides momentum signals. It calculates the difference between two exponential moving averages (EMAs) and plots a signal line. When the MACD line crosses above the signal line, it generates a bullish signal, indicating a potential upward trend. Conversely, a bearish signal is generated when the MACD line crosses below the signal line, suggesting a potential downward trend.
RSI: The RSI is a popular oscillator that measures the speed and change of price movements. It helps identify overbought and oversold conditions, indicating potential price reversals. A reading above 70 indicates overbought conditions, suggesting that the asset may be due for a pullback. A reading below 30 suggests oversold conditions, indicating a potential rebound in price.
- Drawbacks:
Moving Averages: Moving averages are lagging indicators, meaning they may not respond quickly to sudden price movements. As a result, there could be delays in capturing trend changes.
MACD: The MACD can generate false signals in choppy or sideways markets where there is no clear trend. Traders should be cautious and use additional confirmation indicators to avoid false signals.
RSI: The RSI can sometimes remain in overbought or oversold conditions for an extended period, leading to potential false signals. It is essential to combine the RSI with other indicators for confirmation.
- Strategy:
The combination of Moving Averages, MACD, and RSI provides a comprehensive approach to trend identification, confirmation, and potential reversal signals. Traders can use the Moving Averages to identify the overall trend direction. When the shorter-term Moving Average crosses above the longer-term Moving Average, it generates a bullish signal. Conversely, when the shorter-term Moving Average crosses below the longer-term Moving Average, it generates a bearish signal. The MACD confirms these trend signals by generating bullish or bearish crossovers. Finally, the RSI can be used to validate the strength of the trend and identify potential overbought or oversold conditions. When all three indicators align, traders may consider entering or exiting positions. The Moving Averages, MACD, and RSI work synergistically to provide a comprehensive strategy that combines trend identification, momentum confirmation, and overbought/oversold analysis.
2. Bollinger Bands, Stochastic Oscillator, and ADX
- Strengths:
Bollinger Bands: Bollinger Bands consist of a moving average (typically the 20-day SMA) and two standard deviations above and below it. They provide valuable insights into price volatility and can indicate potential overbought or oversold conditions. When the price touches the upper band, it may suggest that the asset is overextended and due for a reversal. Conversely, when the price touches the lower band, it may indicate that the asset is oversold and due for a rebound.
Stochastic Oscillator: The Stochastic Oscillator compares an asset's closing price to its price range over a specific period. It consists of two lines (%K and %D). When the %K line crosses above the %D line, it generates a bullish signal, indicating potential upward momentum. Conversely, when the %K line crosses below the %D line, it generates a bearish signal, suggesting potential downward momentum.
ADX: The Average Directional Index (ADX) measures the strength of a trend, regardless of its direction. A rising ADX indicates a strengthening trend, while a falling ADX suggests a weakening trend. It helps traders assess the strength of a trend and potential entry or exit points.
- Drawbacks:
Bollinger Bands: Bollinger Bands may generate false signals during periods of low volatility or in non-trending markets. Traders should exercise caution and consider additional confirmation indicators to avoid entering trades based solely on Bollinger Bands signals.
Stochastic Oscillator: The Stochastic Oscillator can produce false signals in choppy or sideways markets, leading to potential whipsaws. Traders should use it in conjunction with other indicators to increase accuracy and reduce false signals.
ADX: The ADX does not provide information on the direction of the trend, only the strength. Traders should combine it with other indicators to confirm the trend direction.
- Strategy:
The combination of Bollinger Bands, Stochastic Oscillator, and ADX offers a well-rounded approach to analyzing price movements, trend strength, and potential reversals. Traders can use Bollinger Bands to identify price volatility and potential overbought or oversold conditions. When the price touches the upper band and the Stochastic Oscillator generates a bearish signal, it may indicate a potential reversal to the downside. Conversely, when the price touches the lower band and the Stochastic Oscillator generates a bullish signal, it may suggest a potential rebound. The ADX can be used to confirm the strength of the trend. When the ADX is rising, it indicates a strengthening trend, providing additional confidence in the potential trade setup. By combining these three indicators, traders can enhance their decision-making process and identify potential entry and exit points with greater confidence.
3. Fibonacci Retracements, Moving Averages, and RSI
- Strengths:
Fibonacci Retracements: Fibonacci Retracements are powerful tools for identifying potential support and resistance levels based on the Fibonacci sequence. Traders can use these levels to determine potential price reversal points and assess the strength of a trend.
Moving Averages: Moving Averages provide valuable insights into trend direction and potential entry or exit points. By using moving averages with different timeframes, such as the 50-day and 200-day SMAs, traders can identify short-term and long-term trends.
RSI: The RSI helps identify overbought and oversold conditions, indicating potential price reversals. It offers valuable information on the strength of a trend and can be used to confirm potential trade setups.
- Drawbacks:
Fibonacci Retracements: While Fibonacci Retracements can be effective in identifying potential support and resistance levels, they are subjective tools and require traders to interpret and apply them correctly. Additionally, in certain market conditions, prices may not adhere to Fibonacci levels as expected.
Moving Averages: Moving Averages, as lagging indicators, may not respond quickly to sudden price movements, resulting in delays in capturing trend changes. Traders should be mindful of potential false signals during periods of choppy or sideways markets.
RSI: The RSI can remain in overbought or oversold conditions for extended periods, potentially leading to false signals. Traders should use additional confirmation indicators and consider the overall market context when using the RSI.
- Strategy:
The combination of Fibonacci Retracements, Moving Averages, and RSI can provide a comprehensive approach to trend identification, potential reversal points, and confirmation of overbought/oversold conditions. Traders can use Fibonacci Retracement levels to identify potential support and resistance areas. When prices approach these levels and the RSI indicates overbought or oversold conditions, it may suggest a potential reversal. The Moving Averages can further confirm the trend direction, with crossovers and price interactions indicating potential entry or exit points. By combining these three indicators, traders can build a strategy that utilizes the strengths of each indicator to identify high-probability trade setups and manage risk effectively.
4. Ichimoku Cloud, MACD, and Volume
- Strengths:
Ichimoku Cloud: The Ichimoku Cloud is a comprehensive technical analysis tool that provides insights into trend direction, support and resistance levels, and potential breakout signals. Its five components (Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span) work together to offer a holistic view of the market.
MACD: The MACD confirms trend direction and provides momentum signals. It helps traders identify potential entry and exit points by capturing changes in momentum. When the MACD line crosses above the signal line, it generates a bullish signal, indicating potential upward momentum. Conversely, a bearish signal occurs when the MACD line crosses below the signal line, suggesting potential downward momentum.
Volume: Volume provides insights into the strength of price movements. By analyzing volume alongside the Ichimoku Cloud and MACD, traders can confirm the validity of trends and potential breakouts. An increase in volume during a breakout or trend continuation can provide additional confirmation.
- Drawbacks:
Ichimoku Cloud: The Ichimoku Cloud can appear complex for novice traders and may require time and practice to fully understand and interpret its various components. Traders should invest time in studying and gaining familiarity with this indicator.
MACD: Similar to standalone MACD usage, false signals can occur in choppy or sideways markets. Traders should combine the MACD with other indicators to increase accuracy and avoid false signals.
Volume: While volume is a powerful tool, it should be used in conjunction with other indicators for confirmation. Isolated volume analysis may not provide complete insights and could lead to misinterpretation.
- Strategy:
The combination of Ichimoku Cloud, MACD, and Volume offers a comprehensive approach to trend identification, momentum confirmation, and volume-based analysis. Traders can utilize the Ichimoku Cloud to identify trend direction, support and resistance levels, and potential breakout signals. When the price breaks above or below the Cloud, it may indicate a strong bullish or bearish momentum. The MACD confirms these trend signals by generating bullish or bearish crossovers. Traders can use volume analysis to validate the strength of price movements. An increase in volume during a breakout or trend continuation can provide additional confidence in the potential trade setup. By combining these three indicators, traders can enhance their decision-making process and identify potential entry and exit points with greater confidence.
5. Support and Resistance, Moving Averages, and OBV (On-Balance Volume)
- Strengths:
Support and Resistance: Support and resistance levels are key price areas where buying or selling pressure tends to emerge. These levels help traders identify potential entry and exit points and assess the overall market sentiment.
Moving Averages: Moving averages provide valuable insights into trend direction and potential reversal points. By using different timeframes, such as the 50-day and 200-day moving averages, traders can identify short-term and long-term trends.
OBV (On-Balance Volume): OBV is a cumulative volume indicator that adds volume on up days and subtracts volume on down days. It reflects buying and selling pressure and can confirm the strength of price movements.
- Drawbacks:
Support and Resistance: While support and resistance levels can be effective, they are subjective and can vary among traders. Identifying accurate support and resistance levels requires experience and proper analysis.
Moving Averages: Moving averages, being lagging indicators, may not respond quickly to sudden price movements, resulting in potential delays in capturing trend changes. Traders should use additional confirmation indicators to avoid false signals.
OBV: OBV is based solely on volume and may not capture all relevant factors influencing price movements. Traders should consider using OBV in conjunction with other technical indicators for a more comprehensive analysis.
- Strategy:
The combination of Support and Resistance, Moving Averages, and OBV provides a well-rounded approach to identifying key price levels, confirming trends, and assessing the strength of price movements. Traders can use support and resistance levels as reference points for potential entry and exit positions. When prices approach these levels and the Moving Averages align with the overall trend, it can indicate potential reversal or continuation signals. OBV can be used to confirm the strength of price movements. When OBV aligns with the price action, it confirms the buying or selling pressure and provides additional confidence in the potential trade setup. By combining these three indicators, traders can develop a comprehensive strategy that utilizes support and resistance, trend confirmation, and volume analysis.
6. Volume, RSI, and Parabolic SAR
- Strengths:
Volume: Volume is a crucial indicator that reflects the strength and conviction behind price movements. High volume during price advances or declines confirms the validity of the trend and suggests continued momentum.
RSI: The Relative Strength Index (RSI) measures the speed and change of price movements. It helps identify overbought and oversold conditions, highlighting potential price reversals or corrections.
Parabolic SAR: The Parabolic SAR (Stop and Reverse) indicator helps identify potential trend reversals. It provides visual signals on the price chart, indicating when the trend direction may change.
- Drawbacks:
Volume: While volume confirms the strength of price movements, it does not provide information about the direction or timing of future price action. Traders should use volume in conjunction with other indicators for comprehensive analysis.
RSI: The RSI can sometimes remain in overbought or oversold conditions for extended periods, leading to potential false signals. Traders should consider the overall market context and use additional confirmation indicators when relying on RSI signals.
Parabolic SAR: The Parabolic SAR works best in trending markets but can generate false signals in sideways or choppy conditions. Traders should use it in combination with other indicators to increase accuracy.
- Strategy:
The combination of Volume, RSI, and Parabolic SAR offers a comprehensive approach to trend confirmation, potential reversals, and market sentiment analysis. Traders can analyze volume alongside price movements to validate the strength of trends. When volume increases during price advances or declines, it suggests continued momentum. The RSI can be used to identify overbought and oversold conditions, signaling potential price reversals. Traders can consider taking profits or entering trades based on RSI readings in conjunction with other indicators. The Parabolic SAR provides visual signals on the price chart, indicating potential trend reversals. When the dots shift from being above to below the price, it suggests a potential shift in trend direction. By combining these three indicators, traders can develop a comprehensive strategy that incorporates trend confirmation, sentiment analysis, and potential reversal signals.
7. Pivot Points, Stochastic Oscillator, and ADX
- Strengths:
Pivot Points: Pivot Points are price levels calculated based on the previous day's high, low, and close. They act as potential support and resistance levels, providing traders with valuable reference points for identifying price reversals and trend continuations.
Stochastic Oscillator: The Stochastic Oscillator compares an asset's closing price to its price range over a specific period. It helps identify overbought and oversold conditions, signaling potential trend reversals and providing entry or exit signals.
ADX: The Average Directional Index (ADX) measures the strength of a trend, regardless of its direction. It helps traders assess the strength of a trend and potential entry or exit points, indicating whether a trend is strong enough to warrant trading.
- Drawbacks:
Pivot Points: Pivot Points are subjective levels and may vary among traders. Different calculation methods can lead to variations in the levels identified. Traders should consider additional technical indicators and price action analysis for confirmation.
Stochastic Oscillator: In choppy or sideways markets, the Stochastic Oscillator can produce false signals, leading to potential whipsaws. Traders should use it in conjunction with other indicators to increase accuracy.
ADX: The ADX does not provide information about the direction of the trend, only its strength. Traders should combine the ADX with other indicators, such as trend lines or moving averages, to determine the trend direction.
- Strategy:
The combination of Pivot Points, Stochastic Oscillator, and ADX offers a comprehensive approach to identifying potential support and resistance levels, assessing trend strength, and identifying trend reversals. Traders can utilize Pivot Points as reference levels for potential price reversals or trend continuations. When the Stochastic Oscillator indicates overbought or oversold conditions near these levels, it may suggest a potential reversal. The ADX can be used to assess the strength of the trend. A rising ADX indicates a strengthening trend, providing additional confidence in potential trade setups. By combining these three indicators, traders can enhance their decision-making process and identify potential entry and exit points with greater confidence.
8. Moving Averages, Bollinger Bands, and OBV
- Strengths:
Moving Averages: Moving Averages provide valuable insights into trend direction, potential support and resistance levels, and entry or exit points. By using different timeframes, such as the 50-day and 200-day moving averages, traders can identify short-term and long-term trends.
Bollinger Bands: Bollinger Bands consist of a moving average (usually the 20-day SMA) and two standard deviations above and below it. They help identify price volatility and potential overbought or oversold conditions. When the price touches the upper band, it may suggest that the asset is overextended and due for a reversal. Conversely, when the price touches the lower band, it may indicate that the asset is oversold and due for a rebound.
OBV (On-Balance Volume): OBV is a cumulative volume indicator that adds volume on up days and subtracts volume on down days. It reflects buying and selling pressure, providing insights into the strength of price movements and potential trend reversals.
- Drawbacks:
Moving Averages: Moving Averages, as lagging indicators, may not respond quickly to sudden price movements, resulting in potential delays in capturing trend changes. Traders should use additional confirmation indicators to avoid false signals.
Bollinger Bands: Bollinger Bands alone may generate false signals during periods of low volatility or in non-trending markets. Traders should combine them with other indicators for comprehensive analysis and confirmation.
OBV: While OBV is a useful volume indicator, it may not capture all relevant factors influencing price movements. Traders should consider using OBV in conjunction with other technical indicators to gain a comprehensive understanding of market dynamics.
- Strategy:
The combination of Moving Averages, Bollinger Bands, and OBV provides a comprehensive approach to trend identification, volatility assessment, and volume analysis. Traders can use Moving Averages to identify the overall trend direction and potential entry or exit points. When the shorter-term Moving Average crosses above or below the longer-term Moving Average, it generates bullish or bearish signals. Bollinger Bands can help identify price volatility and potential overbought or oversold conditions. When the price touches the upper or lower band and aligns with the overall trend identified by Moving Averages, it may suggest a potential reversal or continuation. OBV can be used to confirm the strength of price movements. When OBV aligns with the price action, it confirms the buying or selling pressure and provides additional confidence in potential trade setups. By combining these three indicators, traders can develop a comprehensive strategy that incorporates trend identification, volatility assessment, and volume-based analysis.
9. Fibonacci Extensions, RSI, and MACD
- Strengths:
Fibonacci Extensions: Fibonacci Extensions are powerful tools for identifying potential price targets beyond the typical retracement levels. They help traders determine where price may potentially reach during an extended trend, providing valuable insights for setting profit targets or assessing the potential for trend continuation.
RSI: The Relative Strength Index (RSI) measures the speed and change of price movements. It helps identify overbought and oversold conditions, highlighting potential price reversals or corrections. RSI readings can indicate the strength of a trend and provide valuable entry or exit signals.
MACD: The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator. It helps identify the direction and strength of a trend by comparing two moving averages. MACD crossovers and divergences can signal potential trend reversals and provide entry or exit signals.
- Drawbacks:
Fibonacci Extensions: Fibonacci Extensions are subjective tools that require proper interpretation and selection of anchor points. Traders should exercise caution and combine them with other technical indicators or price action analysis for confirmation.
RSI: RSI readings can remain in overbought or oversold conditions for extended periods, potentially leading to false signals. Traders should consider the overall market context and use additional confirmation indicators when relying on RSI signals.
MACD: MACD signals can lag during volatile market conditions or fail to capture short-term price movements. Traders should use MACD in combination with other indicators to avoid false signals and confirm trend reversals.
- Strategy:
The combination of Fibonacci Extensions, RSI, and MACD offers a comprehensive approach to identifying price targets, assessing trend strength, and confirming potential trend reversals. Traders can use Fibonacci Extensions to project potential price levels beyond the typical retracement levels, helping set profit targets or assess the potential for trend continuation. RSI can be used to identify overbought and oversold conditions, indicating potential price reversals. MACD confirms trend direction and strength, with crossovers and divergences signaling potential trend reversals. By combining these three indicators, traders can develop a well-rounded strategy that incorporates price projection, trend confirmation, and momentum analysis.
10. Volume, Moving Averages, and Stochastic Oscillator
- Strengths:
Volume: Volume is a critical indicator that reflects the strength and conviction behind price movements. High volume during price advances or declines confirms the validity of the trend and suggests continued momentum. It provides valuable insights into market participation and can help traders gauge the interest and enthusiasm of market participants.
Moving Averages: Moving Averages provide valuable insights into trend direction, potential support and resistance levels, and entry or exit points. By using different timeframes, such as the 50-day and 200-day moving averages, traders can identify short-term and long-term trends. Moving Average crossovers can indicate potential trend reversals or continuations.
Stochastic Oscillator: The Stochastic Oscillator compares an asset's closing price to its price range over a specific period. It helps identify overbought and oversold conditions, signaling potential trend reversals and providing entry or exit signals. The Stochastic Oscillator is particularly useful in determining the strength and momentum of a trend.
- Drawbacks:
Volume: While volume confirms the strength of price movements, it does not provide information about the direction or timing of future price action. Traders should use volume in conjunction with other indicators and price analysis for comprehensive market assessment.
Moving Averages: Moving Averages, as lagging indicators, may not respond quickly to sudden price movements, resulting in potential delays in capturing trend changes. Traders should use additional confirmation indicators and consider market context to avoid false signals.
Stochastic Oscillator: In choppy or sideways markets, the Stochastic Oscillator can produce false signals, leading to potential whipsaws. Traders should use it in conjunction with other indicators and consider market conditions for reliable signals.
- Strategy:
The combination of Volume, Moving Averages, and Stochastic Oscillator offers a comprehensive approach to trend confirmation, market participation assessment, and momentum analysis. Traders can analyze volume alongside price movements to validate the strength of trends and identify potential reversals. Moving Averages help identify the overall trend direction and provide potential entry or exit points based on crossovers. The Stochastic Oscillator can be used to assess the strength and momentum of a trend, identifying overbought or oversold conditions for potential reversals. By combining these three indicators, traders can develop a robust strategy that incorporates trend confirmation, market participation analysis, and momentum assessment.
Conclusion:
The combination of various technical indicators provides traders with a comprehensive toolkit for analyzing and interpreting market dynamics. Each trio of indicators offers unique strengths and advantages, complementing each other to form a more complete picture of price movements, trend strength, and potential reversal points.
However, it is important to note that no trading strategy or combination of indicators can guarantee success in the market.
Traders should continuously evaluate and adapt their strategies based on market conditions, risk tolerance, and personal preferences.
It is crucial to practice proper risk management and use these indicators as tools to enhance decision-making rather than relying solely on them.
GOLD - Gold Prices Rise as US Dollar and Treasury Yields Ease UpFundamental Analysis
Yesterday, Gold prices had a fantastic day (Thursday 8 june 2023), with a 1.3% increase, making it the best performance in over a month. This rise in gold coincided with a weaker US Dollar. The DXY Dollar Index dropped by 0.76%, which was its worst 24-hour performance in almost three months.
Gold is often seen as a safe haven when the value of fiat currencies weakens. Yesterday, there was also a decrease in Treasury yields, especially for longer-term maturities. The 10-year rate dropped by 2.03%, following a significant surge of 3.74% earlier in the week due to unexpected tightening measures by major central banks. This combination of a softer US Dollar and lower government bond yields created favourable conditions for gold.
In the past 24 hours, the financial markets paid close attention to the latest US initial jobless claims report. Unfortunately, the numbers were not encouraging, as jobless claims unexpectedly rose by 261,000 last week, surpassing the consensus estimate of 235,000. This increase was the highest recorded since November 2021. This report provides timely insights into the state of the US labor market.
The unexpected rise in jobless claims has tempered expectations of the Federal Reserve raising interest rates again in July. It is now anticipated that the central bank will pause its tightening measures. Although the economy has shown resilience despite concerns of a possible recession, the jobless claims report alone is unlikely to cause panic about an impending economic downturn. As a result, stock markets experienced a broad rally.
Considering these factors, gold is poised for potential further gains in the next 24 hours. Economic news is relatively quiet towards the end of the week, leaving market sentiment to determine the direction of XAU/USD, so that up move may be only temporary.
Technical Analysis
Taking a look at the daily chart (left), yesterday Gold has made a Bullish Engulfing candlestick pattern from key support at 1936, so we should expect some move up later today. That said we have relative equal low below with other liquidity key zones, so that move up will most likely be short-lived as Gold would need to come back down to those liquidity zones for a strong push to the upside.
In H4 (right), the immediate liquidity zones are much clearer (marked out with red lines), and so the current scenario highlighted with grey arrows (on both charts) would be the one that makes most sense in regards to collect relevant engineered liquidity created over past few weeks and break out of the current accumulation / range to eventually pushing up.
EOS/BTC - EOS: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the NYSE:EOS / 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 0.00003446 | 0.00003535 | 0.00003748, and the major support zones can be found at 0.00003233 | 0.00003109 | 0.00002896. Consider entering at the current price zone of 0.00003351 and targeting higher levels.
◰◲ General info :
▣ Name: EOS
▣ Rank: 46
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: EOS is an open-source protocol designed by Dan Larimer and Block.one to support the creation of smart contracts and decentralized applications (dApps). Its network features a delegated Proof-of-Stake (DPoS) consensus mechanism to help secure the platform while giving it a level of performance desirable for running applications. Through DPoS, EOS offers greater scalability and transaction throughput than traditional blockchain networks, but to a certain extent, it relinquishes complete decentralization and censorship resistance.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00003351 ₿
▣ 24HVol: 15.304 ₿
▣ 24H Chng: 1.453%
▣ 7-Days Chng: 0.37%
▣ 1-Month Chng: -3.69%
▣ 3-Months Chng: -15.36%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00003446 | 0.00003535 | 0.00003748
◢ Support: 0.00003233 | 0.00003109 | 0.00002896
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.57
▣ Last 90D: -1.24
▣ Last 1-Y: -0.08
▣ Last 3-Y: 0.19
◲◰ Volatility :
▣ Last 30D: 0.52
▣ Last 90D: 0.59
▣ Last 1-Y: 0.82
▣ Last 3-Y: 1.12
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.66 - Bullish
▣ Reddit sentiment score is 0.70 - Bullish
▣ In-depth EOSBTC 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.
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Gold strong bears in playHello fam, as i told you yesterday that our setup got invalided. Strong price movements occurred and we failed to enter because i failed to get a setup valid for my system. So price moved downwards, now waiting for a retracement and we short again.
Trade responsibly, ensure proper risk management.
Remember patience is key.
Time to make profit on USDZARhi every one
complete pullback to the trendline with 6% profit Potential
The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisio
time to make profit on USDILShi every one
complete pullback to the trendline with 4% profit Potential
The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisio
Now make 10% profit on GHSTUSDhi every one
complete pullback to the trendline with 10% profit Potential
The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisio
ROSE/BTC - Oasis Network: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the NASDAQ:ROSE / 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 0.0000022 | 0.00000231 | 0.00000258, and the major support zones can be found at 0.00000193 | 0.00000177 | 0.0000015. Consider entering a trade at the current price zone of 0.00000211 and targeting higher levels.
◰◲ General info :
▣ Name: Oasis Network
▣ Rank: N/A
▣ Exchanges: Binance, Hitbtc
▣ Category/Sector: N/A
▣ Overview: Oasis Network project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000211 ₿
▣ 24HVol: 15.976 ₿
▣ 24H Chng: 2.927%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0000022 | 0.00000231 | 0.00000258
◢ Support: 0.00000193 | 0.00000177 | 0.0000015
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.80 - V. Bullish
▣ Reddit sentiment score is 0.58 - Bullish
▣ In-depth ROSEBTC 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.
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AXS/USDT - Axie Infinity: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the NYSE:AXS / CRYPTOCAP:USDT 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 7.46 | 7.69 | 8.28, and the major support zones can be found at 6.87 | 6.51 | 5.92. Consider entering a trade at the current price zone of 7.37 and targeting higher levels.
◰◲ General info :
▣ Name: Axie Infinity
▣ Rank: 56
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Media and Entertainment - Gaming
▣ Overview: Architected by Sky Mavis and inspired by Pokemon, Axie Infinity is a "play-to-earn" pet training game and virtual world built on the Ethereum blockchain. Players can collect, breed, battle, and trade in-game pets called Axies. All in-game assets are represented via fungible ERC-20 or non-fungible ERC-721 tokens and thus trade on secondary markets.
◰◲ Technical Metrics :
▣ Mrkt Price: 7.37 ₮
▣ 24HVol: 11,815,545.852 ₮
▣ 24H Chng: 2.078%
▣ 7-Days Chng: 2.36%
▣ 1-Month Chng: -1.00%
▣ 3-Months Chng: -14.91%
◲◰ Pivot Points - Levels :
◥ Resistance: 7.46 | 7.69 | 8.28
◢ Support: 6.87 | 6.51 | 5.92
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.84
▣ Last 90D: -0.94
▣ Last 1-Y: -0.55
▣ Last 3-Y: 1.41
◲◰ Volatility :
▣ Last 30D: 0.50
▣ Last 90D: 0.66
▣ Last 1-Y: 1.06
▣ Last 3-Y: 1.75
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.75 - V. Bullish
▣ In-depth AXSUSDT 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
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