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XRP Second Time is the CharmHello Traders, Previously we went over an analysis on XRP coming to a major resistance zone. As you can see here we have pulled back from this area and now have bounced off of the lower support zone after some consolidating. That consolidation seems to have formed a bullish flag continuation pattern in which has a target that would shoot the price action above the resistance area shown on the chart to $1.16. It is very possible on this attempt to break up over the resistance zone for multiple reasons. The first two are technical reasons and the first being the Bull flag structure that is forming in the consolidation the price action is currently in. This being a continuation that generally extends the same length of the flag's pole stacked on top of where the price action breaks out of the top of the flag it is largely bullish, the second reason is the more times a resistance or a support for that matter are tested by the price action knocking on its door to break through, the more likely it will eventually do just that. I generally look for 3 or more attempts to see a break, which leads us to the third reason I see the resistance being broken through and that is a fundamental reason. That reason being in regards to the SEC case against XRP seemingly coming to an end and favoring Ripple the company responsible for creating XRP. If this SEC lawsuit against XRP is dismissed I would expect this to be very bullish for not only XRP but, also for many other cryptocurrencies as it would set a lot more clarity on laws that have not yet to be made in regard to this sector. Regardless, this coin has been highly suppressed from this suit and if won would be re-listed on all major exchanges being that it still holds weight being in the top 10 when it comes to market cap of all other coins XRP is still 6th largest market cap albeit knuckle deep in a lawsuit with the US government financial watchdog headed up by everyone's "favorite" Gary Gensler. The listing of this coin on major exchanges alone would give this one a nice pump, along with the case being dropped and XRP's already set in stone Major partnerships with financial institutions such as Santander (USA) Canadian Imperial Bank of Commerce (Canada) and Kotak Mahindra Bank of India just to name a few would most likely cause a utility pump due to these world banks "flipping the switch" as stated by Brad Garlinghouse and the Ripple team referring to the readiness of the utility of the XRP technology to be implemented with the banking services of their many world bank partnerships. Between the technical and fundamentals on this one, I am excited to see how high it can go. I personally am looking for targets at $6,$28,$64 and even into triple digits by the end of this year. I implore you too do your own research on what XRP has set out to do, what the implications of a win in this case will do and what the outlook of the price may be after it is all said and done! As always, have a GREEN week! Savvy
Long
by Savvythe1
HBAR Wedge pattern with some juice?Hellow traders! Here’s a quick idea with a few tips on entering the trade. Listed on this chart are 3 different buying areas. The first is the bottom of the pattern entry. This entry area will give you the least amount of risk when pattern trading. If you’re looking for this entry, you will want to see price action bouncing off of the bottom of the pattern on its third swing to the bottom support trend of the pattern. Waiting for a closed candle and another bullish candle to appear in this area will grant you better win statistics purchasing here. This entry presents the best gain potential but, will most likely hinder your win rate. The second entry point is the breakout area, to me this is one of the more risky plays as you can see here there were multiple wicks crossing out of the upper trend followed by a swift reversal in price action. The best play to take this entry is to wait for a decent time frame to close a candle outside of the pattern. 2hr at very least but, I like to look for a 4 hourly candle. This entry is the riskiest imo, due to the fake outs, the lessor of the 3 entries when it comes to profitability and larger risk compared to your reward. The last area to enter is the retest area. This is arguably the best area to enter a trade. This one takes patience but, will pay off in the end as a few things happen when you wait for the retest. First, you will see the price breakout of the pattern which in this case is in a downtrend, making a higher high then giving you the first sign of a trend reversal, all you need next is a higher low. Which comes when you have the retest at the top of the pattern. When the price comes to retest you want to see bullishness within the candles structure, which confirms that other market participants may be in the same direction as your trade and has a higher likelihood of success. Have a Green week and pray for all of those displaced in the dispute in Ukraine! SAVVY
Long
by Savvythe1
BTCUSD: where to expect the reversal into the 5th wave down?Hi community, hope everyone is ready for new opportunities. This is the update on the linked idea, which we published yesterday. The market now is in the 4th wave (most probably ABC structure, now in A wave), as we finally see 5 waves down in the 3rd wave. We should wait for wave C. We should wait for RSI > 70% when we will be in the C wave. This will mean that the market is overbought and may reverse soon. The best is to see RSI divergence above 70% RSI level. We should wait for a downtick on the MACD histogram as a sign of possible market reversal when we will be in wave C. I think that all these signals will happen, when the price will reach the marked zone, as according to the EWT theory waves 2 and 4 usually are different, which means if wave 2 is fast and retraces the 1st wave a lot (up to 0.382 and more, FIB), the 4th wave will retrace less (will most probably stop between the FIB Golden Ratio 0.65-0.618 and 0.5 FIB level) and will last long. We also see strong support because of 144 and 200 EMAs in the same zone of reversal. I expect the market to reverse at 39 500$ - 40 500$. I think it will be a good range to start laddering. The market reverse zone will be good to increase short positions/put Stop Loss levels just above the pick of the 4th wave. Hope you like my idea and will subscribe to my profile here to support me and to get notified about my new ideas. Have a nice day and talk to you soon!
Short
by MO-Capital
#ES Futures 2.23.22 Overview and Levels to Watch Globex session was quite tonight, we are right at a Key Level and waiting for our direction. Lets take a look at our options today. On the Upside we have 4349.50-4345.25 as our PM Resistance, if we break and hold over it then that leaves the door open for tests of 4362.75-4359.50 and our Key Resistance for the day at 4378.50-4374.75 where we should have sellers active, we would need to break that and 4392.25-4389.75 to see it extend into next Value area. On the downside, if we don't get over PM Resistance then we can see a test of 4327.25-4321.50 and our PM Support at 4310-4307.25, if that goes then we have 4291.50-4286.75 and 4272-4265.50 as our next Key Level, if that breaks and we get under 4252.50-4247.50 then our lower levels where we can see response are 4234.75-4229.25 and next Key Area at 4220-4214.75.
CME_MINI:ES1!
by HollowMn
BTCUSD: last shorting opportunity at 39 350$ - 39 900$Hi community, hope everyone is ready for new opportunities. This is the update on the linked idea, which we published yesterday. We now are in the 4th wave (most probably ABC structure), as we finally see 5 waves down in the 3rd wave. RSI has 3 ticks in the bottom zone near 30% level. We see three upticks on the histogramm on MACD. The 4th wave most probably will finish and the market will reverse at the golden ratio zone of the 3rd wave (0.65-0.618 Fib) marked with two orange lines. I think so, as according to the EWT theory waves 2 and 4 usually are different, which means if the wave 2 is fast and retraces the 1st wave a lot (up to 0.382 and more, FIB), the 4th wave will retrace less (will stop near the golden ratio) and will last long. And the opposite. I expect the market to reverse at 39 350$ - 39 900$ The reverse zone will be good to increase short positions Hope you like my idea and will subscribe to my profile here to support me and to get notified about my new ideas. Have a nice day and talk to you soon!
Short
by MO-Capital
BTCUSD: last shorting opportunity at 40 250$-40 500$Hi community, hope everyone is ready for new opportunities. We now are in the 4th wave (most probably ABC structure) The 4th wave most probably will finish and the market will reverse at the golden ratio zone of the 3rd wave (0.65-0.618 Fib) marked with two orange lines. I think so, as according to the EWT theory waves 2 and 4 usually are different, which means if the wave 2 is fast and retraces the 1st wave a lot (up to 0.382 and more, FIB), the 4th wave will retrace less (will stop near the golden ratio) and will last long. And the opposite. I expect the market to reverse at 40 250$ - 40 500$ The reverse zone will be good to increase short positions Hope you like my idea and will subscribe to my profile here to support me and to get notified about my new ideas. Have a nice day and talk to you soon!
Short
by MO-Capital
2
#ES_F 2.18 Overview and Levels to WatchYesterday our downside scenario played out perfectly, what can we expect today? In the Globex session inventory got too short and we got a nice squeeze up to our 4405 level but could not break and and reach our Key level at 4424.50-4418.75 and that was our sign of weakness and that we have more inventory above us. This morning we finally broke PM support and got under our Key Support at 4378.50-4374.75. On the downside if we stay below our Key Support then that leaves us open for a test of 4362.75-4359.50, 4349.50-4345.25 and next Key Support at 4327.25-4321.50, If that gets taken out and we take out 4310-4307.25 we can see more downside to 4291.50-4286.75 and 4272-4265. To get upside we need to get back over 4378.50-4374.75 and then we can test higher levels of 4392.25-4389.75, 4405.25-4403 and 4424.50-4418.75 but right now we have inventory above and more likely be looking for the downside scenario to play out again. Trade safe!
CME_MINI:ES1!
by HollowMn
Watching $TQQQ for entryWatching $TQQQ for entry Ok… watching TQQQ for a swing… Target 1 48.17 Target 2 (add) 43.90) Target 3 (double) 40.46 This should produce a nice swing, especially if all 3 hit. I will update with sell targets once I take a position. GL —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time) And most importantly… Have fun, y’all!! (\_/) ( •_•) / >🚀
NASDAQ:TQQQShort
by SPYder_QQQueen_Trading
21
#ES Futures Thesis Trade RewievOne example of how my thesis played out today. In the morning I posted for the downside scenario for today we had - all this inventory between 4440-4480 that if gets no upside then we can see it start selling out and level we are watching are 4445-4437.75 as our PM Support and 4424.50-4418.75 as our Key Intraday Support, breaking PM support is first sign of weakness and getting under the Key support leaves the doors open for 4405.25-4403, 4392.25-4389.75 and 4378.50-4374.75 as our next level where we should see good support unless we break that and 4362.75-4345.25 level then we can see more downside. Trade entry was when we failed to get back in previous value with a stop right above and take profits at each level lower until we found buyers at our next big support.
CME_MINI:ES1!
by HollowMn
#ES_F 2.16.22 Overview and Levels to watchDid we even move since Yesterday morning?? Market is awaiting direction, we have Retail Sales 8:30am and FOMC Minutes at 2PM. So far Globex failed at our 4479.75-4475 level and we came back in yesterdays range and we wait and see where will it take us. Failing to extend is our first sign of weakness today, on the upside we have 4479.75-4475 as our Key Intraday Resistance, we need to get through that and hold in order to see range extension to 4490-4487.25, 4497.25-4494.75, 4508.75-4505.50 and our next bigger area of resistance at 4524.25-4519. On the downside if we fail to extend higher, then we have 4447.25-4445 as our PM support, if we get under that leaves door open for 4437.75-4432.50 and our Key Intraday Support at 4424.50-4418.75. If our Key support gets taken out we can see a nice move down to 4405-25-4403, 4392.25-4389.75 and 4378.50-4374.75 which is our next bigger area of support but if going down on big volume can get taken out and if we do our levels lower are 4362.75-4359.50, 4349.50-4345.25 and 4327.25-4321.50. Lets see what they have in store for us today and where will the market head.
CME_MINI:ES1!
by HollowMn
#ES_F 2.01.22 Overview and levels to watchAfter exciting month end yesterday, what can we see today? Overnight inventory is currently long over the close and over out 4480 level. Today we want to see if we will continue our strength, retest and hold lower levels or find temporary balance? On the down side we have PM support at 4490-4487.25 if we get under and hold, that will be our first sign of weakness. Under we have 4479.75-4475 as our Key support and if broken we can see 4465.25-4460.25, 4447.25-4445, 4437.75-4432.50 and if selling is strong can test 4424.50 area. On the upside, holding above PM support shows strength and can test 4524.25-4519.50 and we can break and hold over that can see 4536.75-4532.50, 4551.25-4548.75 and maybe 4571.75-4563.75 those are the bigger areas to hit on the upside and should see sellers up there. We made some big moves and now waiting to see what this month will bring. Was the buying real or just short covering and we will head lower this month? Lets see what they have for us.
CME_MINI:ES1!
by HollowMn
Apple 15M ChartPrevious Double Bottom Pattern (Invalidated) New Pattern: Symmetrical Triangle Price target if breakout to the upside: $168- $169 Price Target if break to the downside: $150- $151 If Price Breaks Above Top of Triangle: Wait for a Retest (to confirm support), Then Enter Long If Price Breaks Below Bottom of the triangle, Wait for a Retest (to confirm resistance), Then Enter Short Note: Tomorrows Fed meeting could have either positive or negative implications for the Market in General.
NASDAQ:AAPL
by NicoDaCheeko
ES 1.27 Breaking down Overnight Action and What can we see todayON Inventory is short under 4310. Currently being sold over 4320. Yesterday we corrected inventory off the open and took the lower stops, then we spent the time leading up to the FED building up stops. At 2pm we did something opposite from what we seen at FED days last year which is big MGI. We used it to run the upper stops this time first to sell the rest of our product and then once no more big buyers came in and we still have inventory above us we went looking for the bid which we found below 4310. Question today is do we stay in current range or will we get an extension out of it. Currently we have 4378.50-4374.75 as our big resistance if we break and hold over can see 4392.25-4389.75, 4405.25-4403, and 4424.50-4418.75 which is another big level where we should see sellers. 4327.25-4321.50 Is our PM Support if we break and hold under we can see 4310-4307.25, 4295-4291.50 and 4272-4265.50 as our KEY Intraday support, if the support breaks we can see more downside all the way to 4200. Lets see what kind of order flow we have today and what will be the agenda.
CME_MINI:ES1!
by HollowMn
KNC Long term Halloween Spot trade for you profit goblins!Hello Traders, I have put together this trade set up and information for you to help you in your research. Please see chart for details and be mindful of your stop losses along the way moving them beneath the pullbacks to stay in profit the whole trade. KNC Price Live Data The live #Kyber Network Crystal v2 price today is $1.73 USD with a 24-hour trading volume of $48,869,324 USD. We update our KNC to USD price in real-time. Kyber Network Crystal v2 is up 6.77% in the last 24 hours. The current #CoinMarketCap ranking is #256, with a live market cap of $307,680,364 USD. It has a circulating supply of 177,809,350 KNC coins and the max. supply is not available. If you would like to know where to buy Kyber Network Crystal v2, the top exchanges for trading in Kyber Network Crystal v2 are currently #Binance, #Mandala Exchange ,#OKEx, #Huobi Global. You can find others listed on our crypto exchanges page. What Is Kyber Network (KNC)? Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (#DApp). The main goal of Kyber Network is to enable #DeFi DApps, #decentralized exchanges (DEXs) and other users easy access to #liquidity pools that provide the best rates. All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer. Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model. Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs. The Kyber Network Crystal (KNC) token is a utility token that is the "glue that connects different stakeholders in Kyber's ecosystem." KNC holders can stake their tokens in the KyberDAO to help govern the platform and vote on important proposals --- and earn staking rewards in Ethereum (ETH) that come from trading fees. Who Are the Founders of Kyber Network? Kyber Network began its development in 2017 and is built on top of the Ethereum blockchain. The project was founded by Loi Luu, Victor Tran and Yaron Velner, and currently has its headquarters in Singapore. Loi Luu is a blockchain researcher and an advisor for various blockchain projects. He developed #Oyente, the first open-source security analyzer for Ethereum smart contracts, and co-founded SmartPool, among other decentralized projects. Victor Tran is a senior backend engineer and Linux system administrator. He was the CTO at Clixy and 24/7 Digital Group as well as a developer for several projects in Vietnam. Yaron Velner is the current CEO of B.Protocol, a decentralized backstop liquidity protocol, and was a postdoctoral researcher. Velner stepped down from his CTO position at Kyber in October 2019 but remains as an advisor. The Kyber team is also composed of several executive advisors, engineers and designers. According to the official Kyber Network LinkedIn page, the company has over 50 employees --- most of which are based in Vietnam or Singapore. What Makes Kyber Network Unique? Kyber Network is the first tool that allows anyone to instantly swap tokens without the need of a third-party, like a centralized exchange. The unique architecture of Kyber is designed to be developer-friendly, which enables the protocol to be easily integrated with apps and other blockchain-based protocols. DeFi has many use cases and possibilities. Therefore, no single liquidity protocol can fit the needs of all liquidity providers, takers, and other market participants. Kyber's liquidity hub architecture allows developers and the Kyber team to rapidly innovate and integrate new protocols into the overall Kyber Network to cater to different liquidity needs. In April 2021, Kyber launched the Kyber DMM, the world's first dynamic market maker protocol (DMM). Kyber DMM is a next-generation AMM designed to react to market conditions to optimise fees, maximise earnings, and enable extremely high capital efficiency for liquidity providers, especially for stable pairs with low variability in price range (like USDC/USDT, #ETH/SETH). They will be able to support pools with extremely high amplification factors, which means given the same liquidity pool and trade size, slippage can be 100x (or more) better than typical AMMs. Depending on their amplification strategy, liquidity providers can maximise the use of their capital and have the opportunity to earn much more fees relative to their contribution size, while takers can enjoy extremely low slippage on their trades. Kyber DMM is the first of many new liquidity protocols that will be launched on the Kyber 3.0 Liquidity Hub. In the Kyber #ecosystem, KNC token holders play an important role in deciding new #growth and value-capture opportunities and incentive mechanisms. Through KyberDAO, KNC holders can participate in the #governance of the network by voting on important proposals. Kyber's #community is sizable and made up of a wide range of developers, in addition to other members of the blossoming DeFi industry. Kyber's fully on-chain design enables the protocol to maintain full transparency and verifiability. The platform claims to be the most used liquidity hub in the world. How Many Kyber Network (KNC) Coins Are There in Circulation? As of May 2021, Kyber Network has a total supply of 210 million KNC tokens. Out of this, just over 200 million tokens are in circulation. The KNC token is dynamic, with the KyberDAO having the ability to vote to increase or decrease the supply in order to drive innovation, bootstrap liquidity, and reward early adopters of new protocols such as the Kyber DMM. Kyber concluded its initial coin offering (ICO) on September 15, 2017, raising $52 million by selling each KNC token at a price of 0.00166 ETH. According to the official token distribution paper, 61.06% of tokens were sold in the ICO, 19.47% were saved for the founders, advisors and seed investors, and the remaining 19.47% was reserved for the company. How Is the Kyber Network Secured? As an ERC-20 token, Kyber is built on top of and secured by the Ethereum blockchain. In addition, Kyber uses an extensive trust and security model that protects users from misbehaving administrators or exchanges, thanks to security measures built in both at the protocol and smart contract level. The platform has been audited by several third-party security firms and researchers, including #Chainsecurity, which have determined that the protocol is secure and hence free of vulnerabilities. Where Can You Buy Kyber Network (KNC)? KNC tokens can be purchased and traded on a variety of exchange platforms, including prominent names like Binance, Coinbase Pro, Huobi Global and Kraken. The token is currently listed on more than 20 exchanges and has more than a dozen trading pairs, including #stablecoins like #Tether (USDT) and Binance USD (BUSD). If you are looking for a guide on how to buy KNC tokens or other cryptocurrencies using fiat, check out our detailed guide to get started. Have a green week, Savvy
Long
by Savvythe1
2