$INJ Updated Target levels / Resistance and supportsAfter the great success of CRYPTOCAP:INJ since our last call I wanted to update some price targets.
It has had an absolute rip since my first call yielding about 100% gain in about a month.
I can see its success continue, but we need to break over the yellow updated resistance level outlined in this chart. (33.77)
Another Critical component of this trade to pay attention to is the recent fud posted to twitter yesterday.
This is the tweet I am referring to/ x.com
It claims that collusion among market makers is the only thing keeping the price up.
Another particularly alarming fact is the TVL compared to FDV
11m to 3 billion - which is absolutely horrendous.
I personally will take profit on a good portion of my position and let the rest ride at critical points outlined.
No point being greedy in this market. Plenty of opportunities await.
Z-VALUE
QS has above average 6 year potentialDespite the slowdown in EV sales, it appears this market will increase year over year. Solid State batteries will bring lower costs, improved ranges to vehicles which could bring a new wave of EV volume increases. QS is in a position to take a significant share of the Solid State battery market either through battery sales or through licensing of technology. Lack of revenue may be keeping QS lower for now, but cash on hand is impressive and some actual sales may hit the books in by 2025 or 2026. My opinion: Now is the time to go long on QS, and hold.
AIG Quietly Approaches Historic LevelsAmerican International Group had one of the biggest drops during the Global Financial Crisis. Now, after 15 years in the penalty box, the former Dow member could be fighting back.
The main pattern on today’s chart is the January 2017 peak of $67.47. It remains AIG’s highest level since October 2008 -- one month after the insurance giant lost about 90 percent of its value. (A 1-for-20 reverse stock split the following summer restored some of its value on a per-share basis.)
Given the importance of the GFC collapse, a break above last decade’s highs could make long-term investors view the stock as a comeback play.
Next is the January high of $64.88, which AIG probed early last month. Prices broke resistance in the second half of November and last week held the same zone. Has old resistance become new support?
Third, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in August.
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E moves with P; Euros per Dollar. #1.On October 12, 2023. The U.S released the Inflation Rate as well as the CPI figures. Both for the Sep period. The Dollars per Euro rate having depreciated by 0.93% to end the week following the release of price data. Do exchange rates moving conjoinedly with price levels? This would be a good thesis to create that hypothesis. One example is statistically insignificant; nonetheless, it is notable.
Neurocrine Biosciences (NBIX: NASDAQ)Neurocrine Biosciences (NBIX), a biotech company specializing in treatments for neurological, endocrine, and psychiatric disorders, is poised for opportunities in congenital adrenal hyperplasia (CAH). Analysts project NBIX to potentially achieve worldwide revenue of $660 million by fiscal year 2030, emphasizing substantial market potential. Crinecerfont, an NBIX drug, has shown a positive impact, allowing 63% of adults to lower their glucocorticoid doses.
With a 77% boost in EBIT and a robust free quarterly cash flow of $280.80 million, NBIX demonstrates financial strength. The bullish outlook on NBIX suggests a favorable stance above $99.00-$100.00, with an upside target set at $150.00-$155.00.
Crypto101 - How to Make Money with DeFiHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher.
If you’ve been following me on TradingView for a while, you’ll now that I’m a believer – a believer in the promise of blockchain. One of the principals of this promise is to move away from centrally controlled banking systems. This would eventually include the act of saving and earning interest for the money that you leave in the capable hands of your banker (who also gets to decide whether or not you qualify for loans). Currently, you need to give up all of your personal information to open a bank account and furthermore you are seriously undercut in the returns / interest rate that you will be receiving (to name only two of many problems with the system). For example, where I reside, the most common interest on a savings account is 5% annually, whereas the interest on your credit card is 19.5% annually.
Before we continue, familiarize yourself with these Key Terms:
TVL – Total Value Locked in the platform
DEX - A decentralized exchange. Peer-to-peer marketplace where transactions occur directly between crypto traders like Coinbase and Binance
Blockchain – A unique way of coding that is open for anyone to use, many believe that web3 will be built on top this kind of coding
DeFi – Decentralized Finance such as cryptocurrencies and stablecoins
dApp – Software like apps that work on the basis of blockchain code and thus apps that accommodate cryptocurrency such as UniSwap and NFT Market places
LP tokens - New liquidity pool tokens. LP tokens represent a crypto liquidity provider's share of a pool, and the crypto liquidity provider remains entirely in control of the token. For example, if you contribute $10 USD worth of assets to a Balancer pool that has a total worth of $100, you would receive 10% of that pool's LP tokens.
APY - Annual Percentage Yield, think of it as yearly interest in percentage
Smart Contracts — Electronic, digital contracts coded to integrate with dApps. Automated financial agreements between two or more parties once the pre-determined terms of the contract is reached
With the rise of Blockchain, Crypto and then Decentralized apps, yield farming was born to address some of the banking system's limits. Or at least, that would be in the perfect world. Yield farming is the process of using DeFi to maximize returns. Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services. This works for both parties, because yield farmers provide liquidity to various token pairs and you earn rewards in cryptocurrencies. However, yield farming can be a risky practice due to price volatility, rug pulls, smart contract hacks etc.
Yield farming allows investors to earn interest which is called ‘yield’ by putting coins or tokens in a dApp, which is an application (coded software) that integrates with blockchain code. Examples of dApps include crypto wallets, exchanges and many more. Yield farmers generally use decentralized exchanges (DEXs) to lend, borrow or stake coins to earn interest and speculate on price swings. Yield farming across DeFi is facilitated by smart contracts.
Let’s take a closer look at the different types of yield farming:
Liquidity provider: You deposit two coins to a DEX to provide trading liquidity. Exchanges charge a small fee to swap the two tokens which is paid to liquidity providers. This fee can sometimes be paid in new liquidity pool (LP) tokens.
Lending: Coin or token holders can lend crypto to borrowers through a smart contract and earn yield from interest paid on the loan.
Borrowing: Farmers can use one token as collateral and receive a loan of another. Users can then farm yield with the borrowed coins. This way, the farmer keeps their initial holding, which may increase in value over time, while also earning yield on their borrowed coins.
Staking: There are two forms of staking in the world of DeFi. The main form is on proof-of-stake blockchains, where a user is paid interest to pledge their tokens to the network to provide security. The second is to stake LP tokens earned from supplying a DEX with liquidity. This allows users to earn yield twice, as they are paid for supplying liquidity in LP tokens which they can then stake to earn more yield.
Yield farmers who want to increase their yield output can also use more complex tactics. For example, yield farmers can constantly shift their cryptos between multiple loan platforms to optimize their gains. Pro Tip: Use a High-Speed, Anonymous VPN. This lets you securely access the internet in an untraceable way. If you’re a cryptocurrency trader, you may want to remain anonymous or mask your IP address to another location.
With all of the above mentioned, the first step would be to determine your needs or interests and thereafter, opening an account or accounts. A few popular places to start exploring include:
1. Quint – Voted one of the best yield farming crypto platforms for 2022
2. Uniswap - Second-largest decentralized exchange (DEX) behind Curve Finance
3. YouHodler – Worldwide Exchange with yield farming
4. eToro – Regulated platform offering crypto interest tools
5. Crypto.com – Great platform for earning a high APY on Stablecoins
6. BlockFi – Popular Platform for Bitcoin yields. BlockFi was one of the first platforms to launch its own crypto credit card. The BlockFi Rewards Visa Signature Credit Card earns up to 2% back in the cryptocurrency of your choice and doesn't charge an annual fee
7. Coinbase – Top-Rated yield-generating platform for beginners
8. DeFi Swap – Overall best DeFi yield farming platform 2022 , earning up to 75% APY on DeFi coins
9. AQRU – Voted one of the best crypto Yield farming platforms for 2022
10. Aave - Reigning DeFi king in terms of total value locked
Note that the above is in no specific order. On the chart, you will see some fast facts on some of the options that these platforms offer. This is also not a shill, and I am not currently participating in any of the above mentioned. This is just intended as an easy introduction to another branch of what the world of Blockchain and DeFi has to offer.
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ETC - Dead project or Resilient Hold ?Hi Traders, Investors and Speculators of Charts📈📉
The Ethereum Classic fork was a result of a disagreement within the Ethereum community over how to respond to a hack that had occurred on the network. The hack resulted in the theft of 3.6 million ETH. Some members of the community believed that the best way to respond to the hack was to hard fork the blockchain , which would erase the hack from history. Others argued that hard forking would set a dangerous precedent and would be a violation of the principle of immutability .
Those who opposed the hard fork eventually formed the Ethereum Classic community. They believe that the original Ethereum blockchain should be preserved, even with the hack in place. They argue that hard forking is a form of censorship and that it is important to maintain the integrity of the blockchain.
You can't really call that ETC is a dead project, reasons being:
1) It has a strong community of supporters and there is still active development on the project 2) ETC is listed on many major cryptocurrency exchanges
The market sentiment on ETC is mixed. Some people believe that ETC still has potential to become a major player in the cryptocurrency space, while others have shifted focus towards other, newer altcoins. The future of ETC is uncertain, but it's still unreasonable to call it "dead", at least for the time being.
FOUR main things I'd consider with ETC:
📢1) Old bag holders may want to look for the first opportunity to get out, creating strong resistance zones
📢2) At the end of the day, it's a coin that can be traded and most probably will be traded by whales though this kind of behavior is usually very untimely and unpredictable (we observe a similar situation on XRP)
📢3) ETC has a history of security vulnerabilities
📢4) ETC has a limited supply of 210.7 million coins
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COINBASE:ETCUSD BINANCE:ETCUSDT
Can Gold Rising Wedge Be Bullish? Bearish Pattern Break Up?Fellow Traders,
I marked the resistance lines I identified with red, and I identified a rising wedge pattern in white color on the chart. Behind the lines, gold has been accumulating a strong demand within the wedge. The chart pattern itself is a kind that tends to break downwards. In general, a rising wedge is a bearish setup. However, general rules don't work as much in trading as they do in other areas like biology. There's significant statistics for rising wedges to break in either direction.
With gold's growing demand and valuation, I think
the rising wedge could break upwards and trigger an elevated rally.
Or if it breaks down, as this pattern usually does, the wedge allows a steep bounce to retest the wedge before any reversal to bearish.
I can see a conflicting trend and chart pattern, but my two cents say a profitable long position more likely.
- Essa
GRTUSDT LongWhile GRT isn't so popular, it is considered the backbone of many DeFi projects. As seen on the chart price is actually holding out strong on the 0.14$ support on the 1H tl, indicating that the uptrend will continue. For investors looking to buy GRT, now is a good time. This is a good coin with a lot of potential.
This is who I'm !Imagination is the beginning of creation. You imagine what you desire, you will what you imagine, and at last, you create what you will.
Sincerely
Remember when the angels proclaimed, “O Mary! Allah gives you good news of a Word from Him, his name will be the Messiah, Jesus, son of Mary; honoured in this world and the Hereafter, and he will be one of those nearest to Allah.
The God himself
DXY's Recent Shifts: Insights and ObservationsD ear Esteemed TradingView Community,
I'm sharing my recent analytical insights into the movements of the Dollar Index (DXY). Please note that the following reflections are not financial advice but rather a comprehensive analysis based on my observations.
This week, DXY experienced a notable descent, and my analysis, driven by AI natural language processing, suggests a correlation with global news developments. Strikingly, the influence of news events appears to have a more significant impact on price action than technical indicators. As DXY found its way down, it eventually landed in a support zone. While this decline signals a bearish sentiment, it's crucial to recognize that the current position also places DXY in a support zone. Historical data indicates that predictions originating from support zones tend to favor upward price trends. Although some indicators still hint at a potential bearish outcome, extending downwards to the underlying support zone around $101 (as indicated by the blue rectangle), this zone might also act as a reversal point. Notably, the current support level aligns with the Exponential Moving Average (EMA) of 200, adding a layer of significance to its potential impact.
In this scenario, careful observation becomes paramount. One can monitor whether the price breaks below EMA 200, potentially signaling a short position with a target at the underlying support zone. Conversely, a long idea could play out if the observed support level, coinciding with EMA 200, acts as a shield, propelling DXY upward. It's essential to exercise caution when contemplating short positions from the current level, given its classification as a support zone. The risk-reward ratio may not favor such a strategy at this juncture. Adding a layer of complexity to the analysis is DXY's correlation with the stock market. The potential for DXY to follow a bearish trajectory could be heightened by a flourishing stock market. Conversely, a bounce in DXY might indicate a retracement in the context of a thriving stock market.
In conclusion, the intricacies of DXY's current position warrant careful consideration. The interplay between support zones, technical indicators, and global events introduces a degree of uncertainty. As we navigate these waters, it's crucial to remain vigilant and adaptable in our approach to market analysis.
With regard and an understanding heart,
Ely
Moving average triple crossover - DBS Bank SingaporeDBS(D05) stock continues to fall again this year repeating a highly probable triple crossover of their moving averages despite their solid returns and stable dividend. While Singaporean banks remain resilient, this signals shows another buying opportunity for one of their strongest banks with a dividend of 0.48
FL "Foot Locker" coming in HOT ahead of earningsFootlocker has been on a 36% run in the last 3 months following it's second miss on earnings for the year on August 23rd. During this time the stock as formed a rising wedge which could breakout to the downside on any negative news. They've been dealing with Macroeconomic headwinds, as well as a drastic decrease in sales due to customers spending less and less on discretionary items. Yesterday Citi Group downgraded them to $18, yet they pushed higher today. All in all I believe "FL" has exhausted any bullish momentum that they could have possibly gained heading into earnings. That being said I believe we could see a fall to around $17 give or take.
Is the PayPal bottom finally in? My bet is yes.After an excruciating 82%+ drawdown from all-time highs made 2 years ago, PayPal is finally showing some signs of bottoming action following the company's recent earnings report.
The new CEO Alex Chriss has got all of the right talking points and focused on the right areas of the business. The true growth areas of the company are still in question, but from a value stand-point the stock trades at some of the cheapest levels in the company's history.
From a technical perspective, the stock is holding the recent earnings gap up and is starting to form higher highs and higher lows on the daily. A breakout up and over this $59 area should bring a fresh wave of momentum buyers as the stock attempts to reverse its longer-term downtrend.
I recently acquired a long position for my longer-term investments portfolio and am looking for higher prices over the next several quarters and full year. (disclosure: long)
Trading Idea: Buy Deutsche Bank (DB) StockDeutsche Bank's stock price has experienced a decline over the past 5 days. This trading idea proposes buying Deutsche Bank (DB) stock.
Core Logic
The trading idea is based on identifying companies with strong short-term profitability. The strategy focuses on three key factors:
Gross Profit Margin: A high gross profit margin indicates that the company is generating substantial profit from its core operations after deducting the cost of goods sold. This is a positive indicator of profitability.
Revenue: High revenue suggests that the company is generating substantial income from its business activities. A strong revenue stream indicates a healthy and growing business.
Cost of Revenue: A low cost of revenue indicates that the company is efficiently managing its expenses related to producing goods or services. Lower costs lead to higher profit margins and potentially higher profitability.
By considering these factors, the trading idea aims to identify companies with strong short-term profitability potential. Based on these insights, the idea suggests buying Deutsche Bank (DB) stock.
Please note that this trading idea is suitable for investors with an extremely short investment horizon and an exceptionally high risk tolerance.
Technical Outlook
Deutsche Bank Approaching Key Support Level
Deutsche Bank (DB) is currently trading at 12.09. The stock is approaching a key support level, just 5 cents away from 11.86. Breaking below this level could indicate further losses are ahead. However, if the stock fails to break below this level, it could be viewed positively by bulls, with a retracement being likely.
In spite of the current bearish market, market analysts expect Deutsche Bank's price action to test an important upper Bollinger Band® level at $12.47. This indicates that there is potential for a rebound in the stock's price.
Deutsche Bank's stock has seen a 10.61% increase in the past month and has outperformed the Nasdaq by 36.18% so far this year. The stock currently has a market cap of $24.29 billion.
Yesterday, a total of 1.48 million shares of Deutsche Bank were traded, which is below the multiday average of 2.39 million shares.
Today, Deutsche Bank's stock declined by 0.49%, falling from 12.15 to 12.09. This further reinforces the ongoing downtrend of the stock.
In summary, Deutsche Bank is approaching a critical support level and breaking below it could lead to further losses. However, failing to break below this level could signal a retracement. Market analysts expect the stock to test an upper Bollinger Band® level at $12.47.