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Wave Analysis

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
Long
by shakatrade1_618
GBPUSD LONG 150PIPS1. Key Support and Resistance Levels Identify recent support levels to confirm the stop-loss placement around 340 pips below your entry. If the price sits close to a strong support level, this might provide a buffer against further declines. Ensure your 150-pip target is near a resistance level, especially if GBP/USD has been trending upward. Resistance nearby could indicate the trade is likely to reach the take-profit level. 2. Fundamental Analysis GBP/USD is highly sensitive to economic news from both the UK and US, including interest rate decisions by the Bank of England (BoE) and Federal Reserve, as well as data like employment figures, inflation reports, and GDP releases. Check for upcoming economic data releases that could cause volatility in GBP/USD, as this would impact the probability of reaching your take-profit level without hitting the larger stop loss.
Long
by LORDOFTHETRADERS
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.
NASDAQ:AMDLong
by AnalisisDeBolsaDiario
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! 🔥
Long
by Crypto-By-Ghazi
2
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!
OANDA:SPX500USDLong
by SignalProvider
2
EURAD 100PIP TKAE PROFIT Support and Resistance Zones Check for recent support or resistance levels. If EUR/CAD is close to a significant resistance and your take-profit target lies just below it, this could indicate a high-probability area for price reversal. A large stop loss (320 pips) may indicate potential volatility. Ensure that this stop is placed below a strong support zone to avoid unnecessary loss on sudden market moves. 2. Market Sentiment and Fundamental Drivers EUR/CAD is heavily influenced by factors such as the European Central Bank (ECB) and Bank of Canada (BoC) monetary policies, as well as commodity prices, particularly oil. Recent EUR or CAD economic data (e.g., inflation reports, interest rate decisions) could give insight into the market’s bias and help determine if a 100-pip target is achievable.
Short
by LORDOFTHETRADERS
4
#Solana #SOL price is holding up better than #BTCCRYPTOCAP:SOL is holding up better than CRYPTOCAP:BTC At least this conclusion can be drawn from the behavior of the assets in Q2 2024. While #BTCUSDT price is being adjusted, #Solana buyers have managed to repel sellers' attacks 4 times over the past 3 months. So: 1️⃣ as long as the #SOLUSDT price is trading above $120, this is a "long picture", perhaps even with sky-high targets of $650+ 2️⃣ consolidation of the #SOLUSD price below the "red zone" can stimulate a good shedding to $90, and maybe even to $70 (maybe #FTX liquidators will find a large CRYPTOCAP:SOL "stash" and decide to sell it... and the crypto media will blow this event out of proportion, or something like that...) So, what are your expectations for the #SOLUSDC price by the end of this year?
by P_S_trade
14
"STLA" (Stellantis) Buy Opportunity at Strong SupportTicker: NYSE:STLA (Stellantis) Long Entry: Near current support level Target: All-Time High (ATH) , could be splitted Stop-Loss: Just below current LOW Risk-Reward Ratio: ~1:24 Analysis: Stellantis (STLA) has pulled back to a strong historical support level, aligning with an old bullish trendline that has served as a base for previous upward movements. This confluence of technical factors indicates a solid area for potential long entries with limited downside. The current setup offers an exceptional risk-to-reward ratio of approximately 1:24, as we're positioned near support with a clear path to the last higher high at the ATH level. As long as support holds, a move towards ATH is likely, fueled by a reactivation of the prior bullish momentum. Key Notes: Risk management is crucial: The close stop-loss limits downside exposure, and the target offers substantial reward potential. Confirmation on support strength would reinforce the setup, adding confidence to the upside. Disclaimer: This is not financial advice. Please do your own research or consult a financial advisor before making any trading decisions.
NYSE:STLALong
by PattRec
2
Stand StillHey guys and girls, Here is an updated chart from my (Feb 29, 2024) post. Sometimes I add a bit to what I have thought. let's do some math here: Technical Section: minute: Wave 4 = 50% of wave 3 ($ 49k) that was the end of it Wave 3 is greater than 161.8% of wave 1 ----> Wave 5 = 261.8 % of wave 1 ----> Target = $ 89528 minor: Wave C = 123.6% of wave A ----> Target = $ 92115 Conclusion: There is only one possibility for the long-term outlook. BTC is about to go vertical! Appendix: Stand pat! (Feb 29, 2024) Dec 28, 2022 (This is what I am basing mine on for the bull market!)
KRAKEN:BTCUSDLong
by BTC-XLM
17
SELL GBPCAD for bullish trend reversal STOP LOSS : 1.8148SELL GBPCAD for bullish trend reversal STOP LOSS : 1.8148 Regular Bearish Divergence In case of Regular Bearish Divergence: * The Indicator shows Lower Highs * Actual Market Price shows Higher Highs We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX
Gold prices continue to maintain their "heat" Gold is making its way back to record highs, reaching $2,750 and edging up 0.2% since the start of the session. In the current market context, gold’s rally continues, approaching new highs even as bond yields remain relatively high, trading near their three-month peak, and with the U.S. labor market showing resilience. Safe-haven demand is driving the bid for gold as investors brace for next week’s U.S. presidential election. With polls showing a tight race, many are hedging against potential political instability. Looking at gold’s market trend, the Federal Reserve’s easing cycle has reshaped the precious metal’s outlook. Without drastic rate cuts, even a steady easing approach has been enough to bring investors back to gold, highlighting its appeal amid uncertainty.
OANDA:XAUUSD
by Marthilda
USDT Dominance can surprise everyone First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT . the signs say that either wave G is not over or we have an X wave, which means that USDT Dominance can drop back to the green box. If the green box does not support USDT Dominance it could be a deep drop. Bitcoin's dominance is bullish, so the price of bitcoin can become very bullish in the coming days. Even the news of the war could not bullish USDT Dominance, which means that the situation of USDT Dominance is bad. We have shown the new movement of USDT Dominance with an orange arrow on the chart For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:USDT.D
by behdark
2
Coinbase Double Lower High: Bitcoin, The DXY & EthereumCoinbase's highest volume came in July 2023. In Elliot Wave terms, this would mark the end of the third wave. The move from October 2023 through March 2024 would be the fifth and last wave of a bullish impulse. In this wave, trading volume is lower compared to the previous one. Good afternoon my fellow trader, Coinbase and Bitcoin move together with some slight variations. If Bitcoin is bullish, Coinbase is bullish. If Coinbase is bullish, Bitcoin is bullish. If Bitcoin turns bearish, Coinbase turns bearish. If Coinbase (COIN) is showing bearish signals and the potential to move lower, it means that Bitcoin is in the same situation. March 2024 marks the peak of the bullish impulse that started after the late December 2022 low, and in July 2024 we get the first and main lower high. Notice how in October, this month, we get a second and much lower lower high compared to July. The bearish bias and potential is confirmed based on these simple signals.' Coinbase (COIN) is set to continue lower as long as it trades below the 22-Jul-2024 peak price. A new drop would mean a lower low based on the lower high. Bitcoin, Ethereum and some other of the Crypto-giants are in the same situation. The DXY is utra-bullish and this is bearish for Bitcoin and Coinbase. Namaste.
NASDAQ:COINShort
by AlanSantana
9