$TLTThis is the monthly chart of TLT dating back to inception. That blue channel predates the GFC and in my mind is an area of value for obtaining a return on risk through the monthly dividend. Nothing fancy, just a decent return using a liquid ETF.
Trend Analysis
TON Blockchain Fixes Two Critical Vulnerabilities: Good for ThemThe TON blockchain has recently rolled out update v2024.10 and FunC 0.4.5, setting the stage for substantial improvements in network performance and efficiency. This strategic upgrade has reignited optimism among investors, raising questions about whether Toncoin ( CRYPTOCAP:TON ) could reach the much-anticipated $20 price target.
Critical Update to the TON Ecosystem
According to a recent GitHub release, the update v2024.10 introduces sweeping changes to the TON ecosystem. One of the most notable enhancements includes increased synchronization speed and more efficient garbage collection (GC), which is crucial for systems running on slower disk drives. This optimization is expected to reduce overall latency, making the network more robust and responsive.
The update also minimizes network traffic, decreasing the volume of data transmitted and thereby improving efficiency across the board. Furthermore, the development team has streamlined the creation of channels and Distributed Hash Table (DHT) lookups, ensuring that network responsiveness is maintained even during peak demand.
Another significant advancement comes from fixing a critical bug in FunC, the smart contract language used on the TON blockchain. The patch enhances code execution and correctness, reinforcing the network's reliability. Minor improvements to the TON Virtual Machine (TVM) have also been introduced, collectively making the ecosystem more attractive to developers and market participants.
Market Sentiment Shifts: Toncoin’s Potential Rally to $20
Despite recent bullish developments, Toncoin ( CRYPTOCAP:TON ) has been grappling with bearish pressure. At press time, the token is trading at $4.83, having experienced a 2% dip in the past 24 hours. Weekly and monthly price charts reflect a 5% and 12% decline, respectively. Yet, the market is abuzz with speculation that these advancements could set the stage for a significant rebound.
We have projected a bullish scenario, envisioning Toncoin's potential surge to $15 and potentially $20 in the long term. This optimistic outlook is backed by a steady increase in token holders and favorable market technicals. As Toncoin ( CRYPTOCAP:TON ) rides the wave of its ecosystem enhancements, investor sentiment appears to be shifting, even in the face of broader market volatility.
Technical Analysis: Key Levels to Watch
Toncoin is currently trading with a mild 1.69% uptick and an RSI (Relative Strength Index) of 41, indicating a slightly oversold condition. The token is fighting to hold its $4 support level, a critical zone that has kept further declines at bay. As it struggles to gain momentum, the next significant resistance point lies at $5.37, a level aligned with the 50-day moving average (MA).
Encouragingly, the current daily candlestick patterns suggest the formation of a "Three White Soldiers" pattern. This bullish reversal indicator, if completed, could propel Toncoin ( CRYPTOCAP:TON ) toward the $5.3 pivot. The impending formation of the third candlestick will be crucial, as it could confirm a stronger upward trend fueled by the network’s recent updates.
However, Toncoin's near-term performance remains intricately tied to Bitcoin (BTC), which has been swinging around the $70k pivot. If BTC continues to exhibit high volatility, it could influence Toncoin’s price movements, making the broader crypto market a significant factor to watch.
Key Takeaways
The fundamental advancements in the TON blockchain offer a compelling reason for investors to remain hopeful. The improvements in network efficiency, reduced latency, and enhanced code reliability have positioned the TON ecosystem as a promising platform for developers and users alike. These upgrades could act as catalysts for driving Toncoin’s price higher, especially if the bullish "Three White Soldiers" pattern materializes.
In summary, while Toncoin ( CRYPTOCAP:TON ) faces immediate resistance at the $5.37 mark, the combination of technical indicators and recent network updates could provide the momentum needed for a broader rally. Should market conditions align, Toncoin ( CRYPTOCAP:TON ) may very well aim for the ambitious $20 target, making it a token worth monitoring closely in the coming weeks.
SPX rallies should be sold now. Move lower in SPX looks pretty impulsive, so I'd be looking for the 5770 to offer significant resistance now.
CADCHF Strong short-term buy signal.The CADCHF pair is about to test its 4H MA50 (blue trend-line) as it is coming off a 2-month Support Zone rebound. A break above the Channel Down would confirm the buy signal but with the price within a consolidation Rectangle pattern, the risk of buying after a Support rebound is low.
At the same time, the 4H RSI also rebounded exactly on its 30.00 oversold barrier. Similar rebounds have delivered at least a +1.37% rise, so at this stage our Target is 0.62700.
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NZDUSD Daily Analysis: Anticipating a Slightly Bullish Bias.Introduction
Today, we focus on the NZDUSD pair, assessing if a slightly bullish bias is likely. Amid evolving fundamental factors and current market sentiment, the New Zealand Dollar to US Dollar (NZDUSD) may see subtle upward momentum, depending on several key drivers. Let’s explore these influences in more detail to help traders make informed decisions.
1. Recent NZ Economic Indicators
New Zealand's recent economic data shows a stable but cautious outlook, with moderate improvements in employment and inflation metrics. The Reserve Bank of New Zealand (RBNZ) has maintained a wait-and-see approach, prioritizing inflation control without aggressively tightening interest rates. Recent improvements in inflation data may continue to support the NZD, as stable inflation signals robust economic activity without undue financial strain. These trends encourage moderate investment inflows into New Zealand, providing slight upward pressure on the NZD.
2. Federal Reserve and US Economic Data
The US Federal Reserve’s recent signals suggest the potential for a pause in rate hikes. This dovish stance supports risk sentiment, favoring currencies like the NZD. If the Fed emphasizes an inflation-fighting stance with a cautious approach, risk sentiment could rise, supporting a slightly bullish bias for NZDUSD. Additionally, softer-than-expected US economic data may weigh on the USD, creating room for the NZD to gain traction.
3. Commodity Prices and Global Trade Dynamics
New Zealand's economy is heavily influenced by commodity prices, particularly dairy and agricultural exports. A recent uptick in global dairy prices is favorable for the NZD, as higher export revenues strengthen New Zealand’s trade balance and overall economic resilience. Improved trade relations between China and New Zealand may also bolster investor confidence in the NZD, as China is a major trade partner. Positive developments here could add to NZD strength against the USD.
4. Market Sentiment and Risk Appetite
Global risk sentiment plays a critical role in shaping the NZDUSD pair’s direction. The NZD often benefits in risk-on environments due to its status as a high-beta currency. Currently, with geopolitical uncertainties relatively controlled and a more stable global economic backdrop, risk appetite may support NZDUSD gains. If investors remain optimistic about global growth, the NZD’s appeal increases, leaning the bias towards a slight bullish trend.
Conclusion
In summary, the NZDUSD pair could exhibit a slightly bullish bias today, driven by favorable domestic economic indicators, the US Fed’s dovish stance, rising commodity prices, and stable market sentiment. This anticipated trend is subject to fluctuations, and traders are advised to keep a close eye on US data releases and global risk dynamics.
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Long IdeaPrice has broken back into value, seemingly rejecting the notion that sellers have taken control of the market, I am expecting price to move back to yesterday's main distribution and POC.
USD/JPY:Bank of Japan's Steady Rates and U.S. GDP Data to Shape The Bank of Japan (BoJ) concluded its two-day monetary policy meeting on Thursday by keeping its short-term interest rate target steady at 0.25%. This decision, while in line with market expectations, sets the stage for potential market volatility, as other global economic indicators could weigh heavily on USD/JPY movement in the coming days.
From a technical perspective, price action analysis reveals a notable reversal candle on the daily timeframe, aligning with a pre-identified supply area. This reversal is further supported by the Commitment of Traders (COT) report, which indicates that retail traders are largely bullish, while “smart money” or institutional investors appear to be shifting their positions to the bearish side. Seasonal patterns also suggest a possible start of a new bearish trend, adding weight to the likelihood of downward movement.
In addition, today’s U.S. Advance GDP data could amplify movements if it underperforms expectations, adding pressure on the USD and further supporting a bearish outlook for the USD/JPY pair. A disappointing GDP print could, therefore, accelerate a drop in the USD, setting up the pair for a potential shift in trend.
Traders and analysts alike will be closely monitoring these developments, as Japan’s steady rates, combined with potential U.S. economic softness, set the tone for potential volatility in the days ahead.
✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NAS100 - Is Optimism Faltering, or a Healthy Correction?20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
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How I see it:
First a correction attempt, then continuation of the red game.
If 19600 confluence of support holds, we might see a short-term bullish reversal.
KEYNOTE:
This is NFP DAY!!, make sure you check your calendar before each session always!
I deeply appreciate you taking the time to study my analysis and point of view.
BULLISH CALLS we have been bullish on btc for quite sometime ,now that we have broken out of the consolidation phase it will be wise to watch out for $72930 as price can reverse and go test support again. Above $72930 we will it grow up to 152k+. stack up and hold
THE GOLD GUIDE
Good evening, everyone! 🌆 I’m resuming my publications for the international community, and I’m excited to share my work in English as well. I believe that high-quality material should be FREE AND ACCESSIBLE TO ALL . 🌍 Today, I’m here with a study that we’ll now dive into. 📈
This analysis begins with the monthly chart , moves through the weekly chart , and finally narrows down to the daily chart , making this publication a comprehensive GUIDELINE . Think of it as a trend analysis, if you will. Let’s start by taking a closer look. 🔍
Today, gold has recorded an impressive move of approximately 400 pips —a substantial and significant reaction.🪙
This move underscores the importance of the 2790 level as a strong resistance, which could potentially unlock the path to the 3000 level . 🚀 This study is based on the premise that 2790 ACTS AS A CEILING for the price. If this holds true and today’s 24-hour candle closes bearish below the 24-hour support at 2750/48 , there is a strong chance the price will continue its decline towards the downtrend resistance at 2715 . 📉
But that's not all. In the MEDIUM TO LONG TERM (depending on the time frame for the price to react), we see that at 2710/8 , there is a significant low where liquidity could be absorbed—a sort of “exchange,” in simple terms—that could fuel an upward move. 🔄
Is that everything? No, my friend. In the same area on the downside, we find the weekly equilibrium at 2695 , a potential pivot point for a bullish reversal. 📈 But there’s more: before this, the price may reach the start of an upward Fair Value Gap (FVG) , which spans from 2707 to 2665 , adding strength to a potential reversal and acting as a magnet for the price. 🧲
Lastly, there is an important Fibonacci level that aligns with this bullish FVG, stretching from 2675 to 2650 , which could also attract the price and support a potential upward move. 📊
So, what should we do? First and foremost, PATIENCE IS KEY. ⏳ Price movements don’t change overnight. I’ve outlined potential scenarios in this study, but they need to be confirmed. For now, this is the situation, and we base our actions on what we SEE , not what we ASSUME. 🧐
I hope this article is both interesting and useful to you. If so, I kindly ask for your support on this project. AT THE END OF THE ARTICLE, YOU'LL FIND ALL MY CONTACT INFORMATION 📬, where I’m always active. Alternatively, you can find it in my TradingView bio.
Have a great evening, and stay tuned for more updates coming soon! 🌟
GBPJPY potential shortShort GBP/JPY at 196.55, I'm anticipating a reversal from this previous support level, with a take-profit target at 194.70.
Technical Overview:
Previous Support as Resistance: The 196.55 level previously acted as support and is now expected to serve as resistance, a common technical pattern where broken support levels become resistance.
Recent Price Action: GBP/JPY has recently approached this level, suggesting a potential reversal.
US100 ALMOST RIGHTWe got the move perfectly right, only we thought it would happen an hour later for the 15:30 session ;
now it is aiming at a conglomeration of KL and trend limits, meaning it will bounce hard at 15:30 when it finally reaches the limit ;
be advised.
Straddle ideaI'm going to play out a straddle strategy. Not risking too much here. I bought just one Call Strike 78 and one Put Strike 77 both expiring 11/1. Tomorrow Roku presents earning results it's a high volatile stock. Let's see how it goes.
AVAX Resuming the Bearish DowntrendAVAX Resuming the Bearish Downtrend
On the 60-minute chart, the price has completed an Ascending Channel pattern.
After any small correction, I expect AVAX/USDT to move down further.
The first target is near 25.20, which corresponds to the first support zone, and the base of the pattern near 24.20 for the second target.
Considering that AVAX/USDT is already in a bearish trend, it could make a significant move down.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
XAUUSD-touched the lower boundary of my sell zoneXAUUSD-touched the lower boundary of my sell zone
Hello, traders, over the past 10 days, I’ve consistently noted that XAUUSD is primed for a significant drop, especially after its 2,000-pip gain over 20 days.
A strong correction is both healthy and expected.
Yesterday, after a brief new all-time high, Gold dropped sharply, declining roughly 600 pips from top to bottom.
Despite this correction, I believe there’s more downside potential ahead.
I’m planning to sell rallies, especially around the broken confluence support zone, where I’m watching for entry signals.
My overall target remains a drop below 2700, with 2690 as a strong support level to test.
Potential bullish rise?CAD/JPY is reacting off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 108.93
1st Support: 108.02
1st Resistance: 109.82
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDJPY today The USDJPY chart shows a clear downtrend after breaking out of the highlighted price consolidation zone. The pair initially held within a tight range (indicated by the shaded box), but a decisive bearish breakout occurred, signaling a shift in momentum favoring the sellers. The price is now trading below both the 34 and 89 EMAs, reinforcing the bearish sentiment.
Key levels to watch include the immediate support around 151.454, which aligns with previous lows. The chart suggests further downside potential if this support level fails to hold. The projected arrows indicate potential retracement levels where price may attempt a short-term recovery before resuming the downtrend.
USOIL- Sell!USOIL price is near the resistance zone 71.48-71.92. If the price cannot break through the 71.92 level, it is expected that in the short term, there is a chance that the price will drop. Consider selling in the red zone.Consider selling in the yellow zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
Bearish drop?AUD/NZD is reacting off the pivot which has been identified as a pullback resistance and could drop top the 1st support level which acts as a pullback support.
Pivot: 1.10273
1st Support: 1.09438
1st Resistance: 1.10601
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish reversal?NZD/CHF is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is slightly below the 50% Fibonacci retracement.
Pivot: 0.51475
1st Support: 0.51116
1st Resistance: 0.51974
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bitcoin- Consolidation before ATH, but what next?At this moment, a new all-time high for BINANCE:BTCUSD seems likely, especially given the consolidation just below the previous ATH and the technical target from the small symmetrical triangle, which could push BTC above 75k soon.
However, I think the broader push everyone anticipates may not materialize.
Even if BTC briefly surpasses 80k, a 10-15% gain might not mean much in the grand scheme.
The media frenzy and crypto influencers projecting Bitcoin to pass 100k by year-end raise some caution for me.
I anticipate a peak around 80k or so, followed by a pullback into the familiar 50k–70k range, rather than a sustained breakout.
In summary, while I may buy in the short term, I’ll be closely watching for signs of weakness.
If these appear, I’ll switch to a short position, as I believe a false breakout from this flag pattern is a realistic scenario.
THORChain Aiming Lower 4X SHORT—246% PotentialWe are looking at both, bearish and bullish charts. The bearish ones are those that produced astonishing growth last year and into early 2024. The bullish ones are those that are trading at bottom prices or at new All-Time Lows.
➖ THORChain (RUNE) peaked in March 2024, it has been bearish since. We have the same chart patterns and price dynamics as the other Cryptocurrency kings and queens.
Is the correction over? We will soon know!
Those trading at bottom prices likely ended their correction already, those trading higher might have one final drop to go through before the correction is over; the last leg-down, the final market flush.
When the giants crash, money will flow from the big projects to the smaller ones. We already saw some of this yesterday and today. It is likely to intensify in the coming weeks. The market is mixed, it is not easy to navigate.
Focus on one chart at the time and all is good.
See the trade-numbers below:
➢ SHORT RUNEUSDT
Leverage: 4X
Entry levels:
1) $5.755
2) $5.250
3) $4.880
Targets:
1) $4.555
2) $4.130
3) $3.763
4) $3.211
5) $2.831
6) $2.155
7) $1.951
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 246%
Capital allocation: 3%
___
Remember to do your own research and planning before trading, this is not financial advice.
I am sharing my views and opinions of the chart.
The markets are unpredictable, that's what some people say. This doesn't matter, we can still use our brains to trade... The market can be predicted, the proof is in the charts.
Thank you for reading.
Namaste.
Gold bulls are done or not yet?Here's an analysis of the XAU/USD (Gold vs. U.S. Dollar) chart based on price action strategy:
1. Trend Analysis:
The overall trend appears to be bullish, as seen from the series of higher highs and higher lows in the price structure.
Recently, there has been a pullback, as indicated by the bearish candles on the right side of the chart.
2. Liquidity Zones:
Liquidity Void: There are visible liquidity voids (highlighted in red) around the $2,750 level, suggesting areas where price may return to fill gaps left by large, impulsive moves.
Liquidity Grab Areas: The chart also shows areas marked as "liquidity" where stop orders may have been triggered. These regions are potential reversal or retracement zones.
3. Support and Resistance Levels:
Resistance Zone: Around $2,760, there is a resistance level, as seen from multiple rejections. A break above this level could indicate further bullish continuation.
Support Zone: The $2,735 - $2,740 range acts as a support area. A break below this level might lead to further downside, targeting the next support around $2,717.
4. Price Action Observations:
The recent red bearish candle indicates sellers are actively testing the support area.
If buyers step in at this support zone ($2,735 - $2,740), there could be a bounce, targeting the $2,760 resistance zone again.
Failure to hold above $2,735 could lead to a further decline, possibly aiming for the $2,717 level as a next support.
5. Bias:
Bullish Bias: As long as price remains above $2,735, the bias remains cautiously bullish, with a potential retest of $2,760 and possibly higher if this level breaks.
Bearish Scenario: If price breaks below $2,735 decisively, the bias shifts bearish, with a target around $2,717.
6. Potential Trade Ideas:
Long Position: Enter around $2,735 - $2,740 with a stop below $2,730, targeting $2,760 and beyond.
Short Position: If price breaks below $2,735, look for a retracement back to this level to confirm resistance before entering short, targeting $2,717.
Summary
In summary, the market is at a critical support level, and price action in the next few candles will confirm the direction. Holding above $2,735 suggests bullish continuation, while a break below favors a bearish move.
