EURUSD Technical Analysis! SELL!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0686 pivot level.
Bias - Bearish
My Stop Loss - 1.0707
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0654
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Trading-signals
EURCAD A Fall Expected! SELL!
My dear followers,
This is my opinion on the EURCAD next move:
The asset is approaching an important pivot point 1.4653
Bias - Bearish
Safe Stop Loss - 1.4675
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.4619
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
CADCHF Will Explode! BUY!
My dear followers,
I analysed this chart on CADCHF and concluded the following:
The market is trading on 0.6656 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6673
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USDCHF The Target Is UP! BUY!
My dear friends,
USDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.9126 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.9161
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
AUDUSD Massive Short! SELL!
My dear subscribers,
AUDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.6530 pivot level.
Bias - Bearish
My Stop Loss - 0.6564
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6476
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURGBP Massive Short! SELL!
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8553
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8545
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURCHF The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for EURCHF below:
The instrument tests an important psychological level 0.9819
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.9778
Recommended Stop Loss - 0.9846
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPUSD Trading Opportunity! SELL!
My dear followers,
I analysed this chart on GBPUSD and concluded the following:
The market is trading on 1.2545 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.2463
Safe Stop Loss - 1.2592
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDCAD Will Collapse! SELL!
My dear followers,
This is my opinion on the NZDCAD next move:
The asset is approaching an important pivot point 0.8150
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8126
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURNZD On The Rise! BUY!
My dear friends,
Please, find my technical outlook for EURNZD below:
The price is coiling around a solid key level - 1.7943
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.7991
Safe Stop Loss - 1.7910
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
SILVER Expected Growth! BUY!
My dear subscribers,
This is my opinion on the SILVER next move:
The instrument tests an important psychological level 27.231
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 27.907
My Stop Loss - 26.808
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBPCAD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The instrument tests an important psychological level 1.7108
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7092
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPCHF Technical Analysis! BUY!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.1315
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.1376
Safe Stop Loss - 1.1279
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
QQQ Sellers In Panic! BUY!
My dear followers,
This is my opinion on the QQQ next move:
The asset is approaching an important pivot point 414.64
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 423.93
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURUSD Will Explode! BUY!
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.0694 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0712
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPUSDWeekly:
1. Direction:
Bearish
2. Reasons:
1. Price respected the newly formed FVG
2. BOS with massive displacement
3. price is moving from IRL to ERL
3. Trading Range Box:
1.25403 to 1.23032
Daily:
1. Direction:
Bearish
2. Reasons:
1. Respecting the weekly FVG
2. Good reversal candle
3. Good OB reaction
4H:
1. Direction:
Bearish
2. Reasons:
1. BOS with displacement
2. Wait for the FVG formation
3. Wait for MMSM
EURUSD SELLMonthly:
1. Direction:
Bearish
2. Reasons:
1. price is disrespecting the FVG.
2. A good Displacement
Weekly:
1. Direction:
Bearish
2. Reasons:
1. Price respected the newly formed FVG
2. BOS with massive displacement
3. price is moving from IRL to ERL
3. Trading Range Box:
1.7542 to 1.06020
Daily:
1. Direction:
Bearish
2. Reasons:
1. Respecting the weekly FVG
2. Good displacement candle
4H:
1. Direction:
Bearish
2. Reasons:
1. MMSM formation
2. FVG
3. BOS with displacement
EURUSD Buyers In Panic! SELL!
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.0690 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish
continuation.
Target - 1.0630
Recommended Stop Loss - 1.0732
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
APPLE Technical Analysis! SELL!
My dear followers,
I analysed this chart on APPLE and concluded the following:
The market is trading on 169.28 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 167.62
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
APPLE The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for APPLE below:
The price is coiling around a solid key level - 164.94
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 170.59
Safe Stop Loss - 161.57
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
WHAT ARE THE DIFFERENT TYPES OF STABLECOINS?👋 Hello everyone, today we will be discussing stablecoins, which currently have a market capitalization of around $160 billion. Those who are not very familiar with cryptocurrencies often use stablecoins for various purposes such as making payments, storing money in a stable currency as an alternative to the US dollar, and for international transactions as well. However, stablecoins actually have a wide range of potential uses beyond these basic functions. In this post, you will learn about the different types of stablecoins available in the market.
💎 DIFFERENT TYPES OF STABLECOINS, THEIR APPLICATIONS, AND POTENTIAL RISKS
The type of stablecoin and its purpose are typically defined by the developer, who also establishes the asset to which it is pegged, and creates the system for issuing and burning coins. Stablecoins that are listed on the top 20 exchanges globally in terms of capitalization are the ones that garner the most interest.
💎 SECURED BY FIAT WITH A PEG TO A SPECIFIC CURRENCY
Binding can be done in various currencies such as USD, EUR, and others. One of the most well-known coins for binding is Tether. According to its developers, the coin is fully backed by real currency, stocks, bonds, and low-risk assets.
⚠️ However, there are risks involved with backing. For instance, Tether has faced challenges with verifying its backing. The company was not forthcoming in providing all necessary information to auditors. As a result, there are doubts about whether the security can serve as a protection fund in times of unexpected events.
In another example, the second largest USDC stablecoin pegged to the USD fell below 87 cents in early March 2023. This drop was widely attributed to the bankruptcy of Silicon Valley Bank, where the startup had held approximately $3.3 billion in collateral. While the situation has since been stabilized, the potential for another bank failure to affect the value of a stablecoin remains a concern.
💎 SECURED BY A SPECIFIC ASSET
One example of this is the PAXG coin, which is backed by physical gold. This means that the value of the coin is directly linked to the price of gold, eliminating the need for complicated stock market investments or futures trading. By simply purchasing the coin, you can potentially earn money.
⚠️ However, there are risks involved, particularly regarding security. The price of PAXG is not determined by traditional supply and demand forces, as it is tied to the value of gold regardless of the number of tokens in circulation. The algorithm controls the number of tokens, but there is uncertainty about whether the startup behind the coin will fulfill its obligations in case of unforeseen circumstances.
💎 ALGORITHMIC STABLECOINS
One of the most complex models of operation to comprehend is the concept of stablecoins. These digital currencies are built on computer code, which is essentially an algorithm that governs the creation and destruction of coins.
There are primarily two types of algorithmic stablecoins
1️⃣ The first type operates without any external backing. When the price of the stablecoin rises, the algorithm mints more coins. Conversely, when the price drops, it burns existing coins. This mechanism seems logical from an economic perspective, but it becomes problematic during times of crisis when everyone rushes to convert their virtual coins into real money.
⚠️ There are inherent risks associated with algorithmic stablecoins as they lack any physical backing. When you purchase stablecoins by providing USD, the developers may use the funds as they see fit. You can only expect to retrieve your investments if someone else injects more USD into the system. The story of Do Kwon and his Luna stablecoin serves as a cautionary tale of such a pyramid scheme.
2️⃣ The second type of algorithmic stablecoins introduces a more sophisticated concept, exemplified by the workings of DAI created by the startup MakerDAO. The innovative approach involves a redundant reservation system, where the responsibility of securing the collateral lies with the user rather than the developers.
Each user can mint a DAI coin, pegged to the value of 1 USD, by locking up another cryptocurrency as collateral in excess of 100%. This surplus serves as a safety net in case the value of the pledged cryptocurrency experiences a significant drop, potentially by 50% or more. If the value of the collateral falls below the 100% threshold, the investor's position is automatically liquidated. Notably, developers have no control over the issuance of DAI, with the stability of its price reliant on the collateral provided by users.
⚠️ Despite the innovative approach, there are inherent risks involved. A sudden decrease in the value of the collateral cryptocurrency can result in standard "slippages", where users not only lose their collateral asset but are left with a stablecoin experiencing a drastic devaluation from 1 USD to just a few cents.
💎 WRAPPERD STABLECOINS
One popular example is Wrapped Bitcoin (WBTC). Bitcoin and Ethereum are the two largest platforms, but they are not compatible with each other. Developers who deploy startups on Ethereum find that their users also work with BTC as a reliable investment tool. WBTC was created as an intermediary to bridge this gap. The coin is deployed on the Ethereum network and is tied to WBTC in a 1:1 ratio.
⚠️ However, there are risks involved in using WBTC. As it belongs to people, there is a lack of decentralization. Only the portion of WBTC that is in demand is secured, leading to a smaller capitalization compared to bitcoin. The extent to which this network can be trusted is a complex question that requires careful consideration.
✅ CONCLUSION
Stablecoins are an effective asset when utilized as a medium of exchange rather than as an investment, unlike gold-backed coins which function more as an investment tool. These coins provide protection against price fluctuations as they are linked to a stable asset. However, they still carry similar risks to altcoins such as detachment from the collateral, a decrease in the collateral's book value, and potential fraud by developers.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment
SILVER Trading Opportunity! BUY!
My dear followers,
This is my opinion on the SILVER next move:
The asset is approaching an important pivot point 27.222
Bias - Bullish
Safe Stop Loss -26.487
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 28.310
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPUSD A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for GBPUSD below:
The instrument tests an important psychological level 1.2488
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.2407
Recommended Stop Loss - 1.2538
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK