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VELAS is ready to fly (Alex Alexandrow is back)🚀 VELAS: The Future of Blockchain! 🚀 NOW is the time to act on VELAS ( LSE:VLX )! With the return of Alex Alexandrow, a pivotal figure in the Velas ecosystem, the project is re-energized, and bullish momentum is about to take off. This is your chance to get in at the right time before Velas rockets up. The chart shows a clear bullish reversal pattern, signaling a massive breakout potential! The clock is ticking, be part of the next wave in crypto! Technical Analysis of VELAS ( LSE:VLX ) by Blaž Fabjan The 1-hour chart of VELAS shows the formation of a classic falling wedge pattern, which is a well-known bullish reversal signal. Here's a detailed breakdown: Falling Wedge: Bullish Reversal Support and Resistance: The wedge pattern is narrowing, indicating that the price has been consolidating, building pressure for a breakout. Breakout Imminent: As the price has broken out of the wedge, this confirms a potential bullish reversal. Expect upward momentum in the near future. Technical Indicators VMC Cipher B (Volatility & Momentum): The indicator shows signs of divergence, with momentum shifting towards bullish territory. Expect increased buying pressure soon. Look for key bullish signals like green dots or a shift in the oscillator for confirmation. RSI (Relative Strength Index): RSI is hovering around 44.7, indicating that the asset is neutral but leaning towards an oversold condition. This suggests the price is ready to rise as momentum builds. Stochastic Oscillator: The stochastic is bouncing from a low of 47, indicating that bullish momentum is starting to pick up. Crossovers here signal a potential upward trend. Key Levels to Watch Immediate Resistance: $0.01194 — this level is crucial for confirming the bullish reversal. Once broken, it opens the door for further gains. Next Targets: After surpassing $0.01194, the next target is around $0.0166, which is the previous high and a major psychological barrier. Support: $0.01115 — should act as strong support if prices retest this level during a short-term pullback. Trading Plan for VELAS Entry Strategy: Entry Zone: $0.0112 to $0.0115 — this area offers a prime buying opportunity with minimum downside risk. Set limit orders in this range. Breakout Buy: If Velas breaks above $0.01194 (resistance), a momentum trade can be initiated, targeting the $0.0166 level. Stop Loss: $0.0108 — place a stop loss below this level, ensuring protection against any sudden downside moves while allowing enough room for price fluctuation during consolidation. Take Profit Targets: $0.014 (Short-term) $0.0166 (Medium-term) $0.017 and beyond (Long-term upside potential) Risk Management: Risk-to-reward ratio should be at least 1:3. Allocate no more than 2-3% of your total portfolio to each trade, maintaining a balanced exposure. Velas is Ready to Fly 🚀 With the technical patterns aligning and the return of key leadership, VELAS is poised for a bullish breakout. This presents a golden opportunity for both short-term traders and long-term investors. Don’t wait too long—once the breakout happens, the price could surge quickly! Start building your positions now before the hype takes this token to new heights is my advice :) Best regards, Blaž
CRYPTO:VLXUSDLong
by elfabiiani
GBP/USD rejects the 1.27000 resistance levelGBP/USD will fall to 1.2650 during the European session on Wednesday. Divergent Fed-BoE policy outlooks and pre-UK election jitters keep the pair weakened, despite risk appetite. Attention turns to mid-range US data, as the UK calendar is void of data. The 200-period simple moving average (SMA) on the 4-hour chart lines up with immediate resistance at 1.2700. In case GBP/USD manages to settle above this level, technical buyers could show interest and open the door for another leg higher towards 1.2730 On the downside, support levels can be seen at 1.2640, 1.2600 (psychological level, static level) and 1.2580 (50% Fibonacci retracement level) if 1.2700 level remains intact as resistance level. Sell GBPUSD break out 1.26700 SL 1.27000
by TVS-Trader
Interest rates are supported, Gold weakensGold increased for the second consecutive trading day, the gold price once reached 2,320 USD. The market will receive the Federal Reserve's interest rate decision and US CPI data, which is expected to explode the market. US CPI Data and Federal Reserve Decision Coming Soon. US May CPI data will be released a few hours before the Fed decision. If inflation stays stable, that could allow the dollar to start to gain traction first. Fed shows policymakers expect policy rate cuts by a total of 75 basis points in 2024. An upward revision is possible as most policymakers say that they are in no rush to start reducing borrowing costs. Today is a very important trading day because it is directional from big data such as CPI and FOMC events, first gold and dollar will be affected by CPI data and then FOMC. If CPI data is better, this will boost the US Dollar but then if the FOMC shows the prospect of a rate cut then this will boost gold prices. Up to now, after the NF data was announced, the gold market has formed a short-term downtrend. and the recovery to form the DOW model is taking place quite perfectly in the h4 time frame. The recovery could reach the 34 EMA or higher the 89 EMA of the h4 frame with two notable resistance levels at 2325 and 2338. The Fed is likely to keep interest rates unchanged in June after today's meeting so The dollar will be strongly supported at least in the next 2 months. The market's downtrend could take gold to 2387 or deeper than the 2376 support level. During trading periods with a lot of macro data and major events, sudden large price movements can completely disrupt any technical structure. At times when major events take place, technical analysis is no longer available, the market will depend on basic factors such as: Geopolitical developments, monetary policy, macro data. tissue,….
OANDA:XAUUSD
by TVS-Trader
ROBINHOOD - Long Term Exponential PotentialROBINHOOD - Long Term Exponential Potential HOOD as a less favored stock has been bottoming in price for over 2 years....I believe the GameStop saga coming to an end and their rich product suite along with major growth presents a potential exponential opportunity ✅ Exponential Return Opportunity: The price fell 78% from $85 to $6.81 and since June 2022 has built out a bottoming base making three higher lows in price. Hood has the potential to 5x or 6x from current levels to ATH’s or fall 40% to the all time low. Its small market cap of $9.78B means it can increase in multiples easier than larger brokerage firms such as Charles Schwab (bought TD Ameritrade) and Vanguard Group who are both in the trillions for market capitalization. ✅ Entering New Markets: At the end of Q3 2023 HOOD entered UK Market offering their brokerage services there. The company is expanding it reach. ✅Aggressive Customer Acquisition Strategy: There has been a surge in demand for their 3% IRA and old 401k rollover match which offers better interest returns than many of the other large IRA providers in the market. An aggressive marketing campaign has resulted in a 3 week backlog in applications (growing pains). These offerings require people to hold the funds in their IRA's in Robinhood for 5 years, and also be a Robinhood Gold member for 1 year. This will be great for retention of Assets Under Management (AUM) and could result in a sticky customer base. ✅ HOOD Credit Cards are coming: The CEO has hinted at a release of Credit cards with zero fees to align with HOOD’s mission to democratize finance which may become available in early 2024. Limits may be based on income, not credit score, aiding poor credit access. ✅ Bad Press Dissipating: Robinhood faced significant consequences for the GameStop scandal, including a fine of $57 million from FINRA and a class action settlement payment of $9.9 million. They have also settled another what appears to be potentially one of the FINAL lawsuits with Massachusetts for $7.5 million (Jan 2024). Some would argue that this closes off the GameStop event, whereby HOOD disabled long entries for GameStop stock to halt a rapidly rising short squeeze. Some people argue that HOOD had no option at the time but to halt trading as this was demanded by Citadel - Robinhood's market-maker partner (whose business would have taken a significant hit if the short squeeze was not averted). You have to wonder though, could this overreach occur again? And you have to wonder if the halt was not put in place could it have led to bankruptcy's which would have impacted a lot more general customers. HOOD is overhauling its digital engagement practices and intends to take steps to increase cybersecurity as part of its legal settlements. I don't agree with what happened however as a trader, with my trader lens on, bad news often presents great buying opportunities. SUMMARY The GameStop bad news event appears to be gradually dissipating and given the volume of customers onboarding, the expansion and growth the company is demonstrating, the new products being brought to market and how the chart appears to be basing over 2 years whilst establishing two higher lows, its looking like the bottom may be in. There is an exponential growth opportunity for all the long winded traders out there, strong support of POC and we recently got a bounce off the 200 day moving average on 16th Jan. A long term exponential trading opportunity is there to be had. Thanks for coming along PUKA
NASDAQ:HOODLong
by PukaCharts
GBPUSD is expected to increase strongly todayThe GBP/USD pair soared after the collapses of Borstad and Bank of England last week. In its decision, the government chose to keep interest rates unchanged at between 5.25% and 5.50%. This was the bank's third meeting aimed at eliminating low interest rates. The biggest news in the report was the central bank's announcement that it would start cutting interest rates in 2024. This view was echoed by Jerome Powell, who emphasized that interest rate cuts could be considered if economic expansion continues to slow. The situation was particularly pronounced in London as Prime Minister Andrew Bailey was reluctant to raise expectations for rate cuts. In his statement, he stressed that interest rates would remain unchanged as raising them would be a major challenge. Many financial analysts agree that the BoE will start cutting interest rates in June or July as the UK economy slows. Information released on Wednesday showed the economy contracted in October.
Long
by NicoTradingMaster
GBPUSD The British pound is in a safe price zone Chart The British Pound defended the confluence support at 1.2084/89 throughout the month. This range is defined by the targeted year-to-date open and 78.6% year-to-date retracement. range. Price has fallen just above this threshold and monthly opening resistance is currently at 1.2199. The focus will be on a breakout of this short-term range by the end of the month. Keep in mind that BOE and Fed interest rate decisions are at stake, and US non-farm payrolls are expected to be released on Friday.
Long
by Chart_MasterPro
GBPUSD developments after the FED meetingOver time, inflation returned to 2%. New and old uncertainties complicate our challenge of balancing the risks of monetary policy being too tight with the risks of being too tight. If too little is done, above-target inflation could become entrenched and ultimately force monetary policy to contain more persistent inflation in high-employment-cost economies. Going too far can also cause unnecessary damage to the economy. Given the uncertainties and risks and our progress, the Committee is proceeding with caution. We will decide on the extent of further policy tightening and for how long policy restrictions should remain in place, based on the overall data available, the outlook, and the balance of risks.
by Chart_MasterPro
Beneficial news makes GBPJPY come back stronglySD/JPY remains in a difficult position as the fundamental backdrop remains tilted in one direction, but the threat of intervention acts as an obstacle to trend continuation. At this stage, the deviation in many JPY pairs is still large because the Bank of Japan keeps interest rates at the floor level despite rising inflation. Most other major economies have responded to inflationary pressures with interest rate hikes, and in the US, more rate hikes are still likely as data remains strong. This has helped maintain trading activity as many JPY pairs continue to show positive buying and selling rates
Long
by Chart_MasterPro
Why almost traders fail in trading?Trading is an incredibly captivating and exhilarating profession that holds the promise of substantial profits, financial independence, and the freedom to work from anywhere. However, alongside the allure of great rewards, there are significant risks involved, resulting in a high failure rate of around 90% among traders. So, why do so many traders fail? Let's delve into the reasons: 💥 Lack of education: Numerous traders dive into the world of trading without acquiring the necessary education or training. They lack understanding of market dynamics, technical analysis, and risk management. Trading is a skill that demands time, learning, and practice. Without a solid education, traders resemble blind individuals attempting to navigate through a complex maze. 💥 Emotional trading: Emotions serve as the most formidable adversaries of traders. Fear, greed, and hope can cloud judgment and lead to poor decision-making. Achieving success in trading requires discipline and emotional control. Traders must learn to keep their emotions in check and adhere to their well-defined trading plans. 💥 Overtrading: Many traders harbor the belief that engaging in a higher volume of trades translates into greater profits. However, overtrading can lead to exhaustion, stress, and financial losses. Traders should prioritize quality trades over quantity and avoid succumbing to the temptation of excessive trading. 💥 Lack of risk management: Trading inherently involves risks, and traders must develop the ability to manage them effectively. Risk management encompasses implementing stop-loss orders, employing appropriate position sizing, and embracing diversification. Traders who neglect to manage risks adequately may find themselves depleting their trading accounts rapidly. 💥 Unrealistic expectations: Trading is not a swift path to amassing wealth. It demands patience, perseverance, and hard work. Many traders harbor unrealistic expectations regarding their profits and desired timelines. As a result, they either give up prematurely or expose themselves to excessive risk in pursuit of quick gains. So, what can traders do to avoid failure? 🐸 First and foremost, educate themselves: Traders should prioritize learning the fundamentals of trading, technical analysis, and risk management. Numerous online courses, such as those offered by Udacity and Trading Academy, can provide valuable knowledge and guidance. 🐸 Develop emotional discipline: It is crucial to control emotions and adhere to a well-defined trading plan. Traders must approach trading as a business, following strict rules akin to any other enterprise. 🐸 Implement proper risk management: Before commencing trading, traders should devise a robust risk management strategy. This includes setting stop-loss orders, never risking more than they can afford to lose, and diversifying their portfolios. 🗣️ In conclusion, trading holds the potential for a rewarding career and numerous benefits. However, traders must remain cognizant of the associated risks and pitfalls. By prioritizing education, managing emotions, and implementing sound risk management strategies, traders significantly increase their chances of success. Good luck on your trading journey!
AMEX:SPY
by A1TradingHub
DXYPullback, we'll see what the market does upon it's opening. DXY bias looks like it wants to continue to the downslide. Now that the dust has settle from NFP i'm looking for a push to the downside in the coming week. Everyone have a safe and enjoyable Sunday. Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!! Good luck and Happy trading!
TVC:DXYShort
by DTradesFX2
Tradingview Replay Function, Perfect your edge whenever you wantTradingView Bar Replay is a feature that you should take advantage of, In this post, I'll show you how it works and what it is good for. Turn Bar Replay On To turn on Bar Replay, click on the icon in the toolbar at the top of the screen. Adjust the Settings After you turn it on, you will see a new toolbar appear on your active chart. You will also see a vertical red line appear where your cursor is. The red line marks where the replay will begin, so do not click until you have scrolled back to where you want the playback to begin. You can use the scroll control on your mouse the move the chart back or click and drag the chart to move it. Clicking and dragging will not set the start point. Start the Replay Once you have scrolled back to where you want to begin the replay, click once on the chart and you will be in Replay mode. Now click on the Play button to start the replay. How it Can Improve Your Trading There are a few different ways that this feature can help you improve your trading. If you can think of any other use cases, feel free to leave them in the comments at the end of this post. Reviewing Your Old Trades You can use the playback feature to analyze what a chart looked like before you entered a trade. When you look at a trade a few days later, you will usually be able to see it from a more objective standpoint. This is because the emotion surrounding the trade has dissipated. So a follow-up analysis of your trades could reveal what you do well and what you need to fix. Backtesting You could use this as a free backtesting platform. Of course, the currency pairs that you test would need to have enough historical data available. But if there is enough data to do a solid test, then you would just need a simple spreadsheet to track your trades and you are good to go. Since TradingView makes it easy to do screenshots, it's also easy create flash cards of good setups, for later. Practice Another helpful use of this feature is to replay premium setups, so they get engrained in your brain. You can keep a spreadsheet of dates when good setups for your trading system happened and you can use this replay feature to play them forward a few times to get some practice, without going through the entire process of backtesting.
BITFINEX:BTCUSDEducation
by TheWolfOfBinance