Hello buddy We are in a very important area for gold. Wait for a trigger to start pouring. In the graph, an orange line is drawn. If this area is broken with a good candle, we can set a loss limit and seek to achieve the intended goals. The black dotted lines drawn show the resistance levels ahead. This may take several months, but if the above happens,...
BINANCE:HIGHUSDT BINANCE:HIGHUSDT.P MEXC:HIGHUSDT MEXC:HIGHUSDT.P Based on the weekly timeframe, we have wick price, price should fill this , And this wick price will be our R zone. After that, the price can take support at 4.73
Hello,Traders! GBP-USD make a pullback From the strong horizontal Resistance of 1.2677 just As I predicted but now The pair is about to Retest a rising support And despite my bearish Bias I think that we will See a local bullish Rebound from the support Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
0.053 is the major support target is 0.062 when a mechanical engineer become a trader ..
Understanding price relationships between various currency pairs allows you to get a more in-depth look at how to develop high-probability Forex trading strategies. Awareness of currency correlation can help to reduce risk, improve hedging, and diversify trading instruments. In this article, we will introduce you to Forex trading using intermarket...
BTC witnessed a volatile last week as it traded in a range of $44,000 to $49,000, it faced strong selling pressure at the higher levels which triggered the downside rally. However, it closed the weekly candle in the green territory and formed a Doji kind of a candlestick pattern. Crypto markets started this week with negative sentiments as the top crypto assets...
With Cardano at the cusp to enter into the Goguen era with the implementation of Alonzo Purple , it marked the deployment of the first fully public Cardano testnet that supports the smart contract functionality. With the tentative launch of Cardano mainnet by the end of August/early September, Cardano’s infrastructure will provide the groundwork for the...
Sushiswap is a DEX protocol that has retained its position among the top 3 DEX platforms in terms of Total Value Locked. Sushiswap has been able to whitewash its notorious image created due to its anonymous founder, Chef Nomi decided to trade all the ETH held in the development fund worth ~$13 Million on Sep 5, 2020, which ultimately tanked the Sushi prices by...
Chiliz, the fan engagement platform, rose to all-time highs in the first quarter of 2021. With the wave of NFT going on in the crypto markets ushered in by the headlines of Everydays: The first 5000 days being sold out for a whopping $69 million and Jack Dorsey converting his first tweet into an NFT brought the NFT ecosystem into prominence. Chiliz too witnessed...
Solana is a high-performance layer-1 solution optimized for scalability, it can scale to 50K transactions per second. In the past 1 week, in terms of development activity on the blockchain, Solana has secured the 3rd spot with 348 commits. TVL locked in the DeFi protocols built on Solana Blockchain stands at $997 Mn. Solana came down ~67% from its all-time high...
On the Daily Time Frame, Matic is currently trading at its 20 DEMA. If this support level breaks, the level of $1.47 followed by $1.30 (50 DEMA) will likely act as a support level to the lower side. On the higher side, a Resistance trendline can be drawn connecting the recent two highs. Thus, the level of $1.95 will likely act as resistance. A close above the...
Mdex is an AMM based decentralized exchange that implements a dual-chain DEX model based on the Huobi Eco Chain and Ethereum. It combines the advantage of the low transaction fees of the Huobi Eco Chain and the liquidity of the Ethereum ecosystem, therefore, offering a seamless trading experience on DEX. In 1 Hour Time Frame, MDEX is forming a Ascending Channel...
With the current crash in the crypto markets, Uniswap too got trapped in the windfall wherein it plunged by ~65% from its trading price of ~$45 on May 3. From its recent low of $13, it has gained more than ~100% and its CMP IS $28.8 at the time of writing, which is still ~36% short of its all-time high. As per smaller TF’s (4Hr and Daily), UNI has managed to...
As per the CoinShares' weekly flow report, Cardano is at the top of the list of crypto assets garnering inflows of $10M. With the environmental concerns revolving around PoW protocols, Cardano presents itself as an energy-efficient PoS blockchain network while it has logged in 1 Million ADA Wallets witnessing a fivefold increase in 2021 itself. On a 4 Hr Time...
Bitcoin after rallying ~12.5x from its low on the Black Thursday (March 12, 2021), was showing signs of exhaustion. Although Bitcoin surpassed the level of 60k, since February, it had started forming strong Bearish candles giving us the first indication of the move getting exhausted. In April, while Bitcoin hit its All- Time High of ~$64.8K, the weekly candle...
An open-source decentralized lending and borrowing DeFi protocol built on top of Ethereum and enable the users to borrow and lend a wide range of crypto assets without the involvement of any third party institution like a bank. The total valued locked (TVL) in lending protocols currently stands at ~$39.6 Bn, which Aave alone has locked in ~$11.96 Bn in its...
Universal Market Access or UMA seeks to decentralize the financial derivatives products such as Futures, CFD or Total Return swaps. For the past 3 months, UMA has been trading in a Horizontal Channel formation . Closing above the resistance trendline $33 may trigger the price of the UMA token to new highs. Key levels to watch out for- Support to the lower...
Binance is the talk of the town and is trading near its all-time highs fueled by ~$595 Mn token burn and its conviction to reduce its current circulating supply to 100 Million has motivated market participants to price it a premium valuation. The insignificant growth of the DeFi protocols on Binance smart chain has also contributed for pushing the BNB price...