LTC Long (conditional mid-term)#LTC Long (conditional mid-term)
If - then.
Why:
• General Bullish bias/Uptrend
Where:
• Lower border of 12H uptrend channel
• Volume POC of the range
• Zone begins: HL SSL
• Zone ends: Lower OB
• SL Under next swing low and demand POI
- Still in premium Zone.
Risk: Low
The probability of a general bullish uptrend continuation is always higher than the probability of a reversal.
Amount:
SL is medium sized- 4,3%
Safe entry on 1.86% x25
will expose you to the risk of 2% total.
Trend Analysis
NQ Short (10-28-24)No strength NAZ is stuck in a range, only time the NAZ does so strength is Long in O/N or maybe a drop during Open Drive. Other than that, sideways is the direction. Yellow arrow is range for breakout, previous drop did U Turn in the zone and next retest (zone) will break through for deeper drop. TLX 20,453 is KL to watch for next move. Long above and short below.
Coinbase BuyConfirmations :
- Price reached the Monthly Orderblock & FVG
- Price touched and resisted to the consequent encroachment of the orderblock (50%)
- Price created a swing low with 3 monthly candles(08/09/10) closing now
- Market Structure shift in Daily TF
- Bad earnings which triggered more fear and short, good indication to buy
Expecting to reach at least the first high and then continue
Fantom (FTM): buy the dip
Daily Chart
Elliott Waves:
The structure shows a wave model, including corrective patterns like "expanded flat" and "simple zigzag." This indicates that the current trend is completing one phase and preparing for a potential continuation of upward movement.
The fifth wave impulse is likely to complete in the target zone (marked on the chart), corresponding to the 0.618 and 0.382 Fibonacci levels.
Target Levels:
The 0.618 Fibonacci target suggests a potential end for the fifth wave. This level, around $0.8-0.85, could act as strong resistance if the upward trend continues.
Volumes:
Significant volumes in the final stages of the downtrend indicate potential interest from large players, which could support the price above key support levels.
Hourly Chart
Buy Zone:
The area between the 0.382 and 0.618 Fibonacci levels is marked as a buy zone. This is a key area where position accumulation is expected for a possible bounce.
Cluster analysis and volume levels in this zone suggest a high probability of support from buyers.
Trend Lines and Support:
The upward trend marked by the channel suggests further growth after the completion of the corrective wave.
The strong support level around $0.67 aligns with the lower boundary of the buy zone and could act as a launch point for further upward movement.
Here's a fundamental analysis of the Fantom (FTM) token, examining its technology, team, tokenomics, partnerships, and growth potential.
1. Technology
* Lachesis Consensus Algorithm: This unique protocol, based on asynchronous Byzantine Fault Tolerance (aBFT), makes Fantom one of the fastest and most scalable networks. It can handle thousands of transactions per second with near-instant finality and low fees, making it well-suited for DeFi and other high-throughput applications.
* Ethereum Compatibility: Fantom supports Ethereum-compatible smart contracts (EVM), making it easier for developers to migrate applications from Ethereum, enhancing accessibility for both developers and users.
2. Team and Partnerships
* Team: The Fantom Foundation was established with the goal of creating a high-speed, scalable blockchain. The team remains actively involved in improving the platform and expanding its ecosystem, which builds investor and user trust.
* Partnerships: Fantom has established partnerships with major blockchain projects and DeFi platforms, including Yearn Finance and Curve Finance, and has collaborated with some government bodies. These partnerships strengthen its reputation as a reliable infrastructural platform.
3. Tokenomics
* FTM Token: The FTM token powers the Fantom ecosystem, used for staking, network security, transaction fees, and governance. Users can earn rewards by staking FTM, encouraging engagement and participation in the network.
* Max Supply: With a maximum supply of 3,175,000,000 FTM, the token is limited, which theoretically supports scarcity as demand grows.
* Distribution: A portion of FTM tokens is allocated for ecosystem development, staking rewards, and team support, ensuring the project’s long-term sustainability.
4. Ecosystem and DeFi
* DeFi and dApps: Fantom actively supports decentralized applications and DeFi projects, hosting various exchanges, lending platforms, and other DeFi services. This boosts user adoption and increases demand for the FTM token.
* TVL (Total Value Locked): High TVL on Fantom indicates strong user participation within the ecosystem, a key indicator of trust in the platform and its functionality.
5. Opportunities and Risks
* Growth Opportunities: High speed, low fees, and active ecosystem support make Fantom attractive for DeFi and other applications. The limited supply of FTM may support its value in the long term, especially with increasing usage.
* Risks: Key risks include competition from other blockchain platforms (e.g., Solana, Avalanche, Ethereum) and the relatively young Lachesis technology, which has yet to prove its resilience over time.
Conclusion
Fantom (FTM) is a promising blockchain project with a strong ecosystem, efficient technology, and an active team. However, like any project, it faces challenges from competition and technological risks.
BINANCE:FTMUSD CRYPTO:FTMUSD BYBIT:FTMUSDT OKX:FTMUSDT
UsdJpy- Will history repeat itself?As we approach the final months of the year, it’s worth noting the impact of JPY repatriation, which traditionally occurs when Japanese investors pull funds back to Japan, boosting yen demand. This trend often leads to an appreciation in the Japanese yen, affecting currency pairs like FX:USDJPY , as demand surges.
Historically, this phenomenon has triggered notable yen strength.
For example, last year saw USD/JPY fall by around 1,000 pips due to these repatriation flows. Assuming similar conditions prevail, we could anticipate another yen rally by this year's end.
Technical Overview of USD/JPY:
Currently, USD/JPY recently hit a high of around 154, moving into a key resistance area.
At the time of writing, the price hovers above the horizontal support level.
A decisive break below it could indicate a bearish “false break,” potentially signaling a larger downside move.
Should the downtrend persist, potential targets could be set at:
- Slightly under 150,
- Followed by further support at 147,
- And ultimately, a critical support at 141.
DXY: Local Correction Ahead! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 103.869
Wish you good luck in trading to you all!
DOGE Thesis AI Today - Moderate Risk 75%Investment Thesis
As a trader specializing in intraday scalping strategies for Dogecoin (DOGE), the current market conditions present a mixed outlook. The price is currently at $0.1712, with a significant trading volume of 719,516,150, indicating strong interest from traders. The long-short ratios suggest a bullish sentiment among top traders, which supports the decision to hold long positions. However, caution is warranted due to the overbought conditions indicated by the RSI above 70 on the daily chart, alongside strong resistance levels at $0.1741 and $0.1771.
News
Recent Developments
Elon Musk's Endorsement
Date: October 25, 2024
Details: Elon Musk, CEO of Tesla and SpaceX, reiterated his support for Dogecoin during a live Twitter session, emphasizing its potential for mainstream adoption and integration into various payment systems.
Impact: Positive sentiment from a high-profile figure like Musk can boost investor confidence and drive demand for DOGE.
Partnership with Payment Platforms
Technological Upgrades
Elon Musk's Endorsement: Likely to drive short-term price increases due to heightened investor interest.
Partnerships with Payment Platforms: Can lead to sustained demand and increased usage of DOGE in real-world transactions.
Regulatory Clarity: May attract more institutional investors by reducing compliance risks.
Technological Upgrades: Enhances DOGE's competitiveness, potentially increasing its market share.
Negative Impact:
Market Volatility: Despite positive news, the cryptocurrency market remains highly volatile, and any negative news or unexpected developments could lead to rapid price corrections.
Data Analysis
Open Interest: Increasing, indicating that traders are adding positions and anticipating further price movements.
Weighted Funding Rate: Positive, suggesting that long positions are favored.
Liquidation Levels: Being monitored closely, as significant liquidations could trigger volatility.
Analysis: The rising open interest and positive funding rate support the bullish sentiment in the market. However, vigilant monitoring of liquidation levels is essential to mitigate risks associated with sudden price swings.
Binance Data
Trading Volume: 719,516,150 over the last 24 hours, indicating strong market activity.
Market Sentiment: Leaning towards bullish, with experts predicting short-term upward movements.
Expert Consultations:
Predict potential price targets around $0.1741 and $0.1771.
CoinMarketCap Analysts: Emphasize the importance of monitoring key support and resistance levels.
Analysis: The consensus among Binance and TradingView experts is cautiously optimistic. Monitoring support at $0.1710 and resistance at $0.1741 and $0.1771 is crucial for timely trade decisions.
CoinMarketCap Data
Market Capitalization: Approximately $23 billion.
Circulating Supply: 132 billion DOGE.
24-Hour Trading Volume: $719,516,150, indicating active trading.
Analysis: The substantial trading volume and stable circulating supply support the bullish outlook for DOGE. High liquidity facilitates easier entry and exit for scalping strategies.
Sentiment Analysis
Sentiment Score: 65%, indicating moderately positive sentiment towards Dogecoin.
Top Crypto Sentiments: "FOMO" and "Bullish".
Implications: While the sentiment is generally positive, it is moderate, suggesting room for growth but also highlighting the need for caution due to potential shifts in trader sentiment.
Technical Analysis
Daily (1d) Analysis
RSI: 57.9800, indicating a neutral stance but approaching overbought conditions.
MACD: Positive, showing bullish momentum.
Moving Averages: Price is above both EMA20 and SMA20, reinforcing the bullish trend.
4-hour (4h) Analysis
RSI: 65.0000, approaching overbought levels.
MACD: Positive crossover, supporting upward momentum.
1-hour (1h) Analysis
RSI: 60.0000, suggesting potential for upward movement.
MACD: Bullish crossover observed.
15-minute (15m) Analysis
RSI: 55.0000, indicating neutral conditions.
MACD: Positive, supporting bullish momentum.
Moving Averages
MA20: $71,500
MA50: $70,000
Price Position: Currently above both MA20 and MA50, suggesting continuation of the bullish trend.
Support/Resistance Levels
Support: $71,000
Resistance: $72,931.8400
Trend Indicators
ADX: Indicates a strong trend on shorter timeframes, supporting the bullish outlook.
Bollinger Bands: Price is approaching the upper band at $72,931.8400, suggesting potential resistance and the possibility of a pullback if not breached.
Summary of Technical Indicators
RSI: Shows overbought conditions on the daily chart but remains neutral on shorter timeframes.
MACD: Bullish on all analyzed timeframes, though the 1-hour chart shows signs of potential bearish momentum.
Moving Averages: Price above MA20 and MA50 supports the bullish trend.
Bollinger Bands: Approaching the upper band indicates potential resistance and the need for cautious trading.
Top BTC Pairs Performance
Strong Performance: BTC/ETH, BTC/USDT, BTC/BNB
Weak Performance: BTC/DOGE, BTC/SHIB, BTC/ADA
Analysis: Strong performance in major pairs like BTC/ETH, BTC/USDT, and BTC/BNB indicates robust liquidity and market interest. Conversely, weaker performance in smaller pairs such as BTC/DOGE, BTC/SHIB, and BTC/ADA suggests limited momentum in those areas.
Summary
The current market conditions for Bitcoin (BTC) indicate a bullish trend supported by increasing open interest, positive funding rates, and optimistic market sentiment. Technical indicators across multiple timeframes suggest potential upward momentum, with key resistance levels at $72,931.8400 and $73,000. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised as the RSI approaches overbought levels, which could lead to a pullback or consolidation.
Trade Recommendation
Outcome: HOLD_BUY
Confidence Level: 78%
Current Price: $72,273.7300
Stop Loss: $71,500
Take Profit: $73,500
Exit Point: $73,000
Entry Criteria
RSI: Below 70 indicates potential upward movement.
MACD: Bullish crossover above the signal line.
Price Position: Above MA20 suggests continuation of the trend.
Current Indicators:
RSI: 49.7300
MACD: Slightly below the signal line
MA20: $71,500
Action Plan
Monitor the Price Closely:
Breakout Strategy:
If Price Holds Above $71,500:
Action: Consider maintaining or adding to the long position.
Adjust Stop Loss: Tighten the STOP_LOSS to $70,700 as the price approaches resistance levels to minimize potential losses.
Take Profit Strategy:
As Price Approaches $73,500:
Action: Consider taking profits.
Adjust Exit Point: Move the EXIT_POINT to $73,000 to secure profits.
Risk Management:
Set Stop Loss at $71,500 to limit potential losses.
Take Profit at $73,500 to capitalize on expected price movement.
Exit Point at $73,000 as an intermediate target.
Be Prepared to Act:
If RSI Falls Below 50:
Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly.
Monitor Market Sentiment:
Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome.
Assumptions/Limitations
This analysis is based on current market conditions and available data. Rapid market changes may affect the accuracy of predictions. Always consider personal risk tolerance and market volatility when trading.
By @Titan_Karma
How AI is Becoming a Bearish Factor for the Nasdaq 100How AI is Becoming a Bearish Factor for the Nasdaq 100
In 2024, the Nasdaq 100 index (US Tech 100 mini on FXOpen) has risen by approximately 20%, with optimism around the integration of artificial intelligence (AI) acting as one of the bullish drivers.
However, yesterday's reports from Microsoft (MSFT) and Meta Platforms (META) indicated that AI, as a factor influencing stock prices, may be shifting from a bullish to a bearish driver. The issue lies in the rising expenses that these tech giants are incurring in the race for leadership in this area.
Earlier today, we noted that due to increasing expenditures, MSFT shares fell by roughly 4%, despite a strong earnings report.
A similar trend is seen in Meta Platforms' stock: actual earnings per share and gross revenue exceeded analysts’ expectations. However, due to high capital investments, META shares in pre-market trading today are around 3% lower than yesterday's opening.
Meanwhile, technical analysis of the Nasdaq 100 (US Tech 100 mini on FXOpen) index chart indicates several bearish signals:
→ Since mid-September, price fluctuations have formed an ascending channel, constructed using linear regression (shown in blue). However, following the reports from Microsoft and Meta Platforms, the index value has sharply dropped from the upper half of the channel to its lower boundary.
→ The pattern of peaks A-B-C-D shows that bulls find it difficult to maintain momentum: each successive peak only slightly exceeds the previous one, followed by a decline.
Considering this information, it is reasonable to assume that the current ascending channel may be unable to drive the price to the July 11 peak and could be breached by bears. Additionally, the formation of a bearish channel is not out of the question (its preliminary outline is shown in red).
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Yes, it works on all timeframes... (ICT Concepts)In this video I just demonstrate a scalp based off of my process of of DOL>CS>Entry, and I do this on EURUSD, which is one of the pairs I have most experience in.
It is relatively simple and everything is explained in the video. If there are any questions, feel free to drop a comment.
- R2F
BUYS ON AMD💡 Today we analyze Advanced Micro Devices (AMD)
AMD is a robust company with an upward trend over recent years. Currently, following quarterly results that fell below expectations, it’s approaching a key support zone at $135, aligned with its long-term upward trend line, which could present a strong opportunity for mid/long-term investors.
1. Strong Position in the Sector: AMD is a leader in the semiconductor industry, excelling in advanced processors and expanding into artificial intelligence and data centers.
2. Constant Innovation: Its ability to adapt to new demands, such as AI, gaming, and cloud computing, strengthens its competitiveness.
3. Technical Potential: The $135 level is an important support and could be a rebound point in its general trend.
This analysis is not an investment recommendation.
SasanSeifi|Will the Price Break Above $0.18 or Face a CorrectionThe previous analysis.👇
In the daily timeframe BINANCE:DOGEUSDT , Dogecoin has held support around the $0.090 level, entering a consolidation phase. The forecast suggested a short-term target of $0.125, followed by a possible move to the $0.14–$0.15 range. Observing Dogecoin’s reaction to both the $0.125 level and the liquidity area around $0.14 is crucial to understanding its future direction.
As predicted, Dogecoin maintained its support at $0.10 and resumed an upward trajectory, achieving a significant 46% increase up to the $0.15 target. Following this, Dogecoin encountered resistance, triggering a slight retracement, and a potential pullback down to the $0.125–$0.12 range is expected. Further monitoring of price reactions at these support levels will clarify its next movements. After a period of consolidation and confirmation, there’s a chance for another round of upward fluctuations and bullish momentum. However, should the price fail to hold, further corrections might follow.
New analysis👇
As shown on the chart, after a slight retracement down to the $0.125 area and completing a pullback, Dogecoin has rebounded with a 37% increase, currently testing a significant supply zone. If the price can push above the crucial $0.18 resistance level, Dogecoin could extend its growth to targets like $0.188–$0.20, approaching the next bearish order block. On the other hand, if momentum weakens, a corrective target at $0.158–$0.155–$0.15 could come into play. Observing price reactions to these support levels will provide clearer insight into Dogecoin's future trend.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
MKR/USDT: Looking Promising for a Breakout!MKR/USDT: Looking Promising for a Breakout!
MKR/USDT is showing signs that it could be on the verge of a strong upward move. This setup is creating excitement as traders watch for a potential rally in the coming days. Here’s a detailed look at what to keep in mind to maximize your breakout trading strategy:
Breakout trading tips 💡
1. Confirm the breakout: A true breakout happens when the price pushes above the resistance level with solid momentum. Look for a strong candle close above this level, backed by increasing volume. This indicates that buyers are committed and less likely to reverse. Avoid jumping in on weak moves, as “fake-outs” can trap traders who enter too early 📊
2. Watch for retests: Breakouts often come with a “retest” where the price dips back to test the old resistance level as support. This is a crucial area to watch, as successful retests can confirm the strength of the breakout. This can also offer a better entry point with reduced risk, allowing you to take advantage of the trend without chasing the price 🔄
3. Set smart stop-losses: Protecting your capital is key. For breakout trades, placing a stop-loss slightly below the breakout level or retest point is a smart way to limit losses in case the breakout fails. A well-placed stop helps you stay in control even if the move doesn’t hold up 🛡️
4. Track market sentiment: Breakouts are often influenced by the overall market environment. Keep an eye on Bitcoin and other major cryptocurrencies, as sentiment shifts in these can impact smaller assets like MKR. Strong bullish or bearish trends in the market can either boost or stall breakout momentum, so always stay aware of the bigger picture 🌐
5. Set realistic targets: Map out potential resistance levels above the breakout point. These can act as targets for your trade. Taking partial profits at these levels allows you to lock in gains while leaving some position open if the trend continues 📈
Trade with caution and keep these tips in mind to make the most of MKR/USDT’s promising move. This isn’t financial advice—always DYOR! 🔥
How to Manage Gold RisesGold is likely to continue its upward trend.
And how I have been managing it both as an investor and a trader for the Gold. I hope this tutorial will be helpful for two groups of people:
1. Those who already have some positions and would like to know how to accumulate more, and
2. Those who do not yet have a position but are considering getting in and trading it, though you may be worried about entering at a peak, as gold continues to reach new highs.
Micro Gold Futures & Options
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DeGRAM | EURJPY pullback from resistanceEURJPY is moving in an ascending channel above the trend lines.
The price has reached the resistance level, which coincides with the important psychological value of 166.
The chart has formed but not closed the gap.
We expect a pullback.
-------------------
Share your opinion in the comments, and support the idea with a like. Thanks for your support!
SPX500USD Will Go Up! Long!
Please, check our technical outlook for SPX500USD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 5,779.8.
Taking into consideration the structure & trend analysis, I believe that the market will reach 5,887.5 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Lingrid | BNBUSDT in CONSOLIDATION phaseBINANCE:BNBUSDT is currently consolidating below the psychological level and has formed a double top, indicating a potential pullback to the support level. If we zoom out, we can see that the price action is creating an ascending triangle pattern making higher lows. I expect the market to continue consolidating between the 570 and 600 levels before a breakout the resistance zone. A bounce off the channel border and trendline, which is at the bottom of the range zone, could signal a rejection; if we see such a signal, it might indicate a continuation of the upward trend. My goal is resistance zone around 600
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻