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ApeCoin: Double BottomOverview I recently cancelled one of my other ApeCoin projections where I believed a Three Hills & a Mountain pattern was forming. The second hill became a head and now a bearish Head & Shoulders is in progress. However, I am still bullish on the token because if the H&S is valid and the price is rejected back to $1.00 then this could become a setup for a medium-to-long term double bottom formation. Head & Shoulders The H&S can be seen on both the hourly and daily charts. The right shoulder is currently in development with a descending wedge that may squeeze the value back up to a resistance around $1.55. Should the ceiling be strong enough to extinguish any momentum that COINBASE:APEUSD may garner then a correction back to $1.00 is probable. However, if support is significant enough at this $1.00 level then this will become the second leg for the double bottom pattern. Double Bottom Projection There will be plenty of noise in-between that will facilitate short-term trades but I believe a price target near $6 is practical. This is near the same price target of a macro-Cup & Handle projection that I published a few weeks ago.
COINBASE:APEUSDLong
by Shepherd_Investor
PayPal to $76PayPal is signaling bullish reversal at a great value. After a two-year long hemorrhage in stock value, multiple indicators and patterns forecast a recovery. A descending wedge can be found on the 1D chart and as we are nearing the final squeeze of the wedge, an inverse head and shoulders has formed. Utilizing Fibonacci retracement levels supported by bullish trading patterns and indicators (OBV & MFI), the ascent to $76 appears both realistic and only the beginning of a long awaited rally. Should my projections prove accurate, I believe there will be one more opportunity to profit from put options as the right shoulder peaks around the $57-$59 range. NASDAQ:PYPL
NASDAQ:PYPLLong
by Shepherd_Investor
5
NAVI - Low-Cap High Potential Play - 50x Potential Long termExtremely undervalued token, I would like it to break the first outlined resistance before allocating capital towards this asset. This is a high risk play, I wouldn't recommend investing more than you are willing to throw in the trash can, That being said the growth potential is huge at a market cap of just below 2 million USD This easily has the potential to 50X in a bull market scenario. Here are my Initial Targets / Supports / Resistances Support Level 1: $.05226 Major Resistance to break: $.07649 Target 1: $.12456 Major Resistance 2: $.25411 Mid Term Target 1 (2 weeks - 2 months) : $.27857 Major Resistance Zone (Chop potential): $.27857 - $.32316 Mid - Longterm Target (2 months - 1 Year) : $.49001 What is Atlas Navi (NAVI)? Atlas Navi is the first Drive to Earn navigation app that uses A.I. and the smartphone camera to avoid traffic by detecting road conditions, accidents, traffic in each lane, available parking spaces, police vehicles and rerouting drivers to avoid problematic roads. It features licensed 3D NFT vehicles and a sustainable Drive to Earn mechanism and in-app economy that rewards users for each mile driven. Atlas Navi has received a $1,200,000 grant from the European Union to develop its technology over the course of 2 years, starting in December 2019. With over 12 years of transportation software experience, the team and company behind Atlas Navi are among the best in the industry and well positioned to disrupt the navigation app market with A.I. and blockchain technologies. Atlas Navi is available to download for free on the Apple App Store and Google Play or by going to www.AtlasNavi.com Join over 400,000 drivers already using it to navigate and earn whilst driving.
Long
by Helios_Capital_Investment
2
SHIB Pennant IncomingOn the journey to a complete W pattern at the $0.000015 price tag there will be a few, if not more, periods of consolidation. After a hot run up to the 0.00000970 range, Shiba Inu is beginning to consolidate into what may be a week long, or slightly longer, pennant formation. Buying opportunities may present themselves around the Fib Retracement Levels with a potential bottom near the 38.2% level. A breakout from the projected pennant could take Shib's value to the 1W (1 week) 38.2% Fib Retracement Level with the 1W 50% level being the next stop if this ceiling is blown through with significant volume. However, more consolidation should be expected in my opinion. As always, a breakdown is also possible which could hemorrhage Shib's value to prior lows. At the time of this article I am still confident on a pending completion of the W pattern (see my other idea linked at the bottom) but macroeconomic factors can accelerate or derail this formation. Stop-losses should be utilized and traders should be cognizant of any significant changes in the climate of the market. COINBASE:SHIBUSD
COINBASE:SHIBUSDLong
by Shepherd_Investor
AUDUSD: Asian foreign exchange market is quiet, USD recoversWednesday saw limited movement in the majority of Asian currencies, but the dollar continued its recent upward trend as several Federal Reserve officials cautioned against placing bets that the central bank would stop rising interest rates. Due to the markets' desire for additional clues regarding US monetary policy, Fed Chairman Jerome Powell's next speech will be the main event of interest. Because traders are still wary of any aggressive signals from the Fed, sentiment toward Asian markets is still muted. Regional markets have become less appealing to traders due to indications of China's ongoing economic difficulties. The Australian dollar rose 0.1%, recovering slightly after dovish signals from the Reserve Bank of Australia sent the currency down nearly 1% on Tuesday.
Short
by Chart_MasterPro
1
USDJPY: Today's (November 3) USD exchange rate: Following the...The US dollar kept falling during the most recent trading session as traders gambled that the US Federal Reserve (Fed) had finished tightening its monetary policy and decided to hold interest rates steady. As a result, the Fed resolved at its policy meeting in November to maintain current interest rates while assessing the financial landscape to gauge its capacity to contain inflation. Fed funds futures indicate that there is less than 20% likelihood that the Fed will raise interest rates in December, but investors continue to support the belief that US interest rates have peaked. Stocks have recovered as a result of that viewpoint increasing investors' risk appetite. The dollar weakened 0.3% versus the Japanese yen to 150.44, retreating from this week's one-year high
Long
by TrategySherpa
Gold Price Holds Below 2000 Amidst Dollar and Rate Hike UncertThe price of gold (XAU/USD) is currently holding steady just below the $2,000 psychological mark as the Asian trading session kicks off on Monday. Gold is seeing some support due to a correction in the US Dollar (USD) and a slight pullback in US Treasury bond yields. As of now, the price of gold is hovering around $1,996, showing a modest gain of 0.07% for the day. Simultaneously, the US Dollar Index (DXY), which measures the USD's value against a basket of global currencies, has slipped to 106.20 after pulling back from its weekly high of 106.70. In the bond market, the 10-year Treasury bond yield has made small movements and is currently around 4.90%. Last week, Federal Reserve (Fed) Chair Jerome Powell reiterated that the Fed intends to keep interest rates steady at its upcoming meeting on Wednesday. However, Powell hinted that the decision for December would depend on incoming economic data. He mentioned that if there's continued strong economic growth and a labor shortage, an additional rate hike is a possibility. This potential for higher interest rates could limit the upward potential for gold. It's important to note that rising interest rates make it less attractive to invest in assets like gold, which don't provide any yield. Additionally, investors are keeping an eye on the Chinese Purchasing Managers' Index (PMI) data, set to be released on Tuesday. China's Manufacturing PMI is expected to remain in expansionary territory, with an estimated growth to 50.2, while the Non-Manufacturing PMI is anticipated to rise to 51.8. Positive surprises in this data could boost the price of gold, as China is both the largest gold producer and consumer in the world. Looking ahead to Tuesday, there are key economic indicators to watch in the US, including the Housing Price Index and Consumer Confidence. However, the primary focus will shift to the Federal Reserve's interest rate decision and the subsequent press conference on Wednesday. Traders will closely monitor these events for cues and potential trading opportunities, particularly in the USD/JPY currency pair.
TVC:GOLDLong
by sabellaFX
Bitcoin 4H RSI OVERBOUGHT BEARISH DIVERGENCEBitcoin Price Analysis: As of the latest available data, Bitcoin (BTC) has reached a local high at $35,280. This level has acted as a significant resistance point in the recent price history. If Bitcoin is unable to break above this resistance, it could potentially signify a short-term top. This is an important level to watch as it may signal a reversal or consolidation in the price movement. 4-Hour RSI Overbought Bearish Divergence: The 4-hour RSI is a technical indicator that measures the momentum of the price. An RSI value above 70 is often considered overbought, indicating that the asset might be due for a pullback or correction. However, it's important to note that overbought conditions can persist in strong bullish trends. The bearish divergence occurs when the price makes a higher high, while the RSI makes a lower high. This can be a sign that the current uptrend is losing momentum, and a reversal might be on the horizon. Given the combination of the price reaching a significant resistance level and the 4-hour RSI showing signs of overbought bearish divergence, traders should exercise caution and consider potential short-term downside risk. This does not necessarily mean that a major trend reversal is imminent, but it could indicate that a pullback or consolidation phase may be in store.
by sailortrades