ICP technical analysis, buy here for the long term!ICP looks very strong from a technical perspective. We can see that we have started this whole uptrend with an impulse wave 12345, which is very good to see if you are an Elliott Wave trader. We are now in a corrective phase, and usually we want to see a liquidity sweep below the previous wave (4). In this case, below 8.5 USDT - that would be a great level to buy ICP for the long term!
What is the Internet Computer and ICP?
The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without need for traditional IT such as cloud computing services. As such it can enable full end-to-end decentralization.
Why Does the ICP token have value?
The ICP token has three main utilities. Firstly, ICP provides a source of “cycles” that are burned to power computation (thus when ICP is converted to cycles, it disappears, creating deflationary pressure). Secondly, ICP can be staked in the permissionless Network Nervous System DAO that governs the Internet Computer blockchain, creating voting neurons that generate voting rewards. Thirdly, ICP plays the role of a store of value, for example allowing users to invest in decentralization sales run by web3 services.
AB=CD
BomeUSDT to 0.04? BOOK OF MEME the new Dogecoin or a Scam? This coin could become a new meme for the future, there will be a sell-off, my assessment is that it still has a lot of potential in a few weeks if not years, no investment advice!
It dumps because people get scared, I'll keep it regardless if it reaches a value of 0.
Tow-Legged, ABCD, Elliott WavesFigure 1.1 has two extreme trends and one extreme trading range. This day began with a strong bear trend down to bar 1, then entered an unusually tight trading range until it broke out to the upside by one tick at bar 2, and then reversed to a downside breakout into an exceptionally strong trend down to bar 3.
Two-legged moves are common, but unfortunately the traditional nomenclature is confusing. When one occurs as a pullback in a trend, it is often called an ABC move. When the two legs are the first two legs of a trend, Elliott Wave technicians instead refer to the legs as waves 1 and 3, with the pullback between them as wave 2. Some traders who are looking for a measured move will look for a reversal back up after the second leg reaches about the same size as the first leg. These technicians often call the pattern an AB = CD move. The first leg down begins with point A and ends with point B (bar 1 in Figure 1.1, which is also A in the ABC move), and the second leg begins with point C (bar 2 in Figure 1.1, which is also B in the ABC move) and ends with point D (bar 3 in Figure 1.1, which is also C in the ABC move).
EWZ May Fall Down to 30.75 - 30.45 in the Medium TermAfter breaking bellow a bearish flag-like consolidation, EWZ reached the contracted objective point at 32.00 in an agreement support zone. Market is now testing the broken line from the downside in a pull back movement. If the broken line can hold the market, EWZ tends to reach the next target in the objective point area at 30.75 - 30.45, which is also an agreement support.
QKC - 1400% profit in 2024, best time to buy!I am giving you this information in advance! Just before a huge pump that is going to happen very soon. Why? We have a very long accumulation phase by whales on the weekly chart (670-day). Usually, after such a long time, there is a great expectation for such a move. From the Elliott Wave perspective, we have a bullish (1)(2)(1)(2) combo (nest) which is pretty much the dream of every Elliott Wave trader. This coin is definitely something you want to consider, you still have time to do your own research as the price is still inside the accumulation phase. I provide you with 3 profit targets; now it's up to you which one you choose and how long you want to wait for it! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
About QuarkChain
The QuarkChain Network is a permissionless blockchain architecture that aims to meet global commercial standards. It aims to provide a secure, decentralized, and scalable blockchain solution to deliver 100,000+ on-chain TPS. The main features of the QuarkChain Network are:
Flexibility: QuarkChain is a public chain that can support multiple consensuses, multiple transaction models ( including virtual machines VMs), ledger, and token economics in one network. It can reportedly adapt to blockchain innovations by customizing consensus, transaction model (including VM), ledger, and token economics in each shard so that to satisfy different requirements of different industries/enterprises/DApps. The network supports two consensus algorithms, PoW and PoSW ( a combination of PoS+ PoW). More consensus algorithms (DPoS, PoS and etc) will be added into different shards in the future. It is EVM-compatible - every DApp deployed on Ethereum can be deployed in QuarkChain. The team plans to add more virtual machines (e.g. EOS VM) in different shards so that developers have more choices.
Scalability: QuarkChain aims to deliver 100,000+ on-chain TPS. Currently, 55000+ peak TPS has already been achieved in TPS competition held within the community
Decentralization: QuarkChain has a two-layered structure and encourages individual miners with different levels of capability to mine directly without joining mining pools. People can choose to mine either in the root chain or in the shard.
Great Usability: QuarkChain supports Native token which enables each shard to have its own tokeneconomics. It also supports scalable cross-shard transactions. Only one account is required to access entire resources in all shards, and smart wallets simplify the management.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
#BTCUSDT: Heading towards $90,000?Dear Traders,
Our first entry turn out to be successful, now we are eying for second possible entry. Price is extremely bullish and there is very much likelihood that price might not come to area. If it does then it become really a great opportunity to buy swing holding. What is your opinion on this?
comment down below!
Shiba to 0.00004807???? FibIntroduction:
Shiba Inu (SHIB) has captured the attention of cryptocurrency enthusiasts with its recent price movements. In this technical analysis, we'll explore the potential for SHIB to reach the level of 0.00004807 against its trading pair. Utilizing key technical indicators, we aim to provide insights into the possible direction of SHIB's price action.
Analysis:
Support and Resistance Levels: Upon examining the historical price data, we identify significant support at 0.00004200 and resistance at 0.00005000. These levels are crucial in determining the potential movement of SHIB towards 0.00004807.
Moving Averages: The 50-day and 200-day moving averages indicate a bullish sentiment for SHIB, with the shorter-term average trending above the longer-term average. This suggests positive momentum in the short to medium term.
Relative Strength Index (RSI): The RSI currently stands at 60, indicating a neutral stance. However, the RSI has been trending upwards, suggesting increasing buying pressure and potential for further price appreciation.
Fibonacci Retracement: Applying Fibonacci retracement levels to SHIB's recent price action reveals that the 0.00004807 level aligns closely with the 38.2% retracement level. Historically, this level has acted as both support and resistance, adding significance to its potential impact on SHIB's price movement.
Conclusion:
Based on our technical analysis, there is a compelling case for Shiba Inu (SHIB) to reach the level of 0.00004807 against its trading pair. Key indicators such as moving averages, support/resistance levels, RSI, and Fibonacci retracement suggest a bullish outlook for SHIB in the near term. However, traders should exercise caution and conduct their own analysis before making any investment decisions.
Made by AI
Total Crypto Market Cap up to 3.4T$ ? or 15T???A Future-Oriented Scenario: The Cryptocurrency Market’s Path to $15 Trillion
In a world where the boundaries between the traditional financial realm and digital assets are increasingly blurred, the market capitalization of the cryptocurrency market could first reach a significant milestone of $4 trillion. This landmark could serve as a springboard for further growth spurts, particularly through the integration and backing of established financial giants like BlackRock and their extensive portfolio of iShares ETFs, along with innovative crypto ETFs listed on platforms like CoinMarketCap.
The Role of BlackRock and iShares ETFs
The involvement of BlackRock, the world's largest asset manager, could be a pivotal catalyst for the growth of the cryptocurrency market. By incorporating cryptocurrencies into iShares ETFs, BlackRock would not only appeal to institutional investors but also facilitate access to digital assets for individual investors. These steps would increase liquidity, bolster confidence in cryptocurrencies, and lead to wider acceptance.
Impact of Specialized Crypto ETFs
Specialized crypto ETFs like the ARK 21Shares Bitcoin ETF provide a bridge between the traditional financial system and the crypto world by offering a regulated, transparent, and easily accessible way to invest in cryptocurrencies. Such ETFs could play a crucial role in democratizing access to cryptocurrencies while also boosting the market capitalization through new capital inflows.
A Scenario of Exponential Growth
With backing from leading financial institutions and the introduction of crypto ETFs, the cryptocurrency market could experience exponential growth, potentially reaching the $15 trillion mark. This growth would be driven not just by increased capital but also by technological advancements, enhanced regulatory clarity, and the ongoing integration of cryptocurrencies into everyday financial transactions and services.
Summary
While this scenario highlights the immense growth potentials that could arise from the synergy between traditional financial actors and the cryptocurrency world, it remains speculative and subject to a wide array of risks and uncertainties. The actual development of the cryptocurrency market will be influenced by numerous factors, including regulatory decisions, market sentiment, and technological breakthroughs. Investors should therefore always conduct comprehensive research and seek professional advice before investing in the dynamic and volatile cryptocurrency market.
Made by KI
Shiba to 0.00005222Introduction:
Shiba Inu (SHIB) has captured the attention of cryptocurrency enthusiasts with its recent price movements. In this technical analysis, we'll explore the potential for SHIB to reach the level of 0.00004807 against its trading pair. Utilizing key technical indicators, we aim to provide insights into the possible direction of SHIB's price action.
Analysis:
Support and Resistance Levels: Upon examining the historical price data, we identify significant support at 0.00004200 and resistance at 0.00005000. These levels are crucial in determining the potential movement of SHIB towards 0.00004807.
Moving Averages: The 50-day and 200-day moving averages indicate a bullish sentiment for SHIB, with the shorter-term average trending above the longer-term average. This suggests positive momentum in the short to medium term.
Relative Strength Index (RSI): The RSI currently stands at 60, indicating a neutral stance. However, the RSI has been trending upwards, suggesting increasing buying pressure and potential for further price appreciation.
Fibonacci Retracement: Applying Fibonacci retracement levels to SHIB's recent price action reveals that the 0.00004807 level aligns closely with the 38.2% retracement level. Historically, this level has acted as both support and resistance, adding significance to its potential impact on SHIB's price movement.
Conclusion:
Based on our technical analysis, there is a compelling case for Shiba Inu (SHIB) to reach the level of 0.00004807 against its trading pair. Key indicators such as moving averages, support/resistance levels, RSI, and Fibonacci retracement suggest a bullish outlook for SHIB in the near term. However, traders should exercise caution and conduct their own analysis before making any investment decisions.
Made by AI
‘Alternate’ AB=CD Bullish Pattern on the DowMajor US equity benchmarks continue to outperform, recording fresh all-time highs. However, in recent moves, a mild correction is seen taking shape, one that has opened the door to a particularly interesting bullish formation on the Dow Jones Industrial Average (Dow).
As evident from the daily timeframe, price is closing in on an ‘alternate’ AB=CD bullish formation, depicted by a 1.272% Fibonacci projection ratio at 38,421—one of the simpler harmonic patterns. Should a test of this level come to fruition, buyers tend to target the 38.2% and 61.8% Fibonacci retracement ratios of legs A-D. But, in light of the uptrend in play, buyers from this level will likely target beyond these ratios in anticipation of fresh record highs unfolding.
EURUSDEURUSD Is potentially setting up an ABCD move, PCE data came in and met expectations, with this being a major factor as to when the rate cuts begin, as the FED stated they needed more confidence, perhaps this is the start of a bullish move in the USD crosses, On Friday we saw massive momentum in the Indices and XAU, Maybe we see that move develop more next week.
RFOX Bullish OutlookUNISWAP:RFOXWETH_421429.USD is my main pick for spatial computing narrative. RFOX is a lowcap crypto token with 17M market cap. RFOX max supply is 2B with 65% of it is in circulation according to CMC. Their mission is to empower everyone to play, create and earn in a metaverse without borders. They aim to be the global leader in immersive technology focused on retail, entertainment, rewards and community experiences.
Now from technical analysis perspective. There is a Three Hills & a mountain pattern in the daily chart, a bullish pattern. AB=CD in the chart means the range between A to B is the same for C to D. RFOX is currently in the golden pocket, perfect opportunity to buy.
The first target is $0.02341. I personally think it will go higher and i am playing for long term too.
125.000 will comoing??? Introduction :
In the dynamic realm of cryptocurrency, Bitcoin remains the trailblazer, igniting the flames of a digital currency revolution. As we approach 2025, significant shifts in the landscape hint at a potential surge for Bitcoin. Among these shifts, the introduction and adoption of Bitcoin Exchange-Traded Funds (ETFs) emerge as a pivotal force reshaping the financial terrain. It's essential to note that while this exploration discusses potential scenarios, it does not constitute investment advice.
Bitcoin's Unprecedented Rise:
From its inception, Bitcoin has undergone a remarkable evolution, rising from obscurity to global recognition as a digital asset. Its decentralized nature, limited supply, and increasing institutional interest have propelled its value to unprecedented levels. Year by year, Bitcoin cements its status as a viable alternative asset, attracting investors seeking diversification and a hedge against traditional market volatilities.
The Role of Bitcoin ETFs:
Bitcoin ETFs enter the scene as a financial tool designed to mirror Bitcoin's price movements, offering investors exposure to the cryptocurrency market without the complexities of direct ownership and storage. While the anticipation for Bitcoin ETFs has been palpable, their potential approval and subsequent integration into mainstream investment platforms could unleash a significant influx of capital into the Bitcoin market.
Institutional FOMO:
Institutional investors, once cautious due to regulatory uncertainties and custody issues, are now poised to enter the Bitcoin arena with the advent of ETFs. These sophisticated investors, ranging from hedge funds to pension funds, are attracted by Bitcoin's potential for uncorrelated returns and its ability to enhance portfolio performance. The approval of Bitcoin ETFs could act as a catalyst, sparking institutional FOMO (fear of missing out), driving demand and, consequently, price appreciation.
Retail Accessibility:
Additionally, Bitcoin ETFs democratize access to Bitcoin, enabling retail investors to participate in the cryptocurrency market through familiar brokerage accounts and retirement portfolios. This increased accessibility fosters mass adoption, driving demand dynamics and exerting upward pressure on Bitcoin's price.
Macro-Economic Factors:
Against a backdrop of macro-economic uncertainties such as inflationary pressures, currency devaluation, and geopolitical tensions, Bitcoin emerges as a safe haven asset, akin to digital gold. As traditional fiat currencies face challenges, Bitcoin's scarcity and decentralized nature make it an attractive store of value, enhancing its appeal to investors seeking refuge from economic turbulence.
Technical Analysis:
Technically, Bitcoin's trajectory displays robust bullish indicators, marked by its halving cycles, decreasing supply issuance, and expanding network adoption. Historical price trends and on-chain analytics suggest a bullish bias, with potential for a breakout towards new all-time highs in the upcoming years.
Conclusion:
In summary, the convergence of institutional adoption, retail accessibility, macro-economic tailwinds, and technical factors positions Bitcoin on a trajectory towards $125,000 by 2025. The introduction of Bitcoin ETFs serves as a catalyst, propelling Bitcoin into the mainstream investment landscape and heralding a new era of growth and adoption. While volatility remains inherent in Bitcoin, its resilience and disruptive potential continue to captivate investors globally, paving the way for a digital financial revolution. As we embark on this transformative journey, the ascent of Bitcoin to $125,000 signifies not just a numerical milestone but a testament to the enduring power of innovation and the relentless pursuit of financial freedom. It's important to emphasize that this discussion does not constitute investment advice; individuals should conduct their own research and consult with financial professionals before making investment decisions.
XAUUSD: Is Bull Run Over? Dear Traders,
Hope you are doing great, our last trading idea on Gold turned out to be successful, now there is huge potential of selling Gold for quick 300-400 pips move. There are two area where we can sell big, the first one is currently, and second zone is rejection at 2060-67 area.
Stop loss can be placed around 2057 for first entry and for the second entry place stop loss around 2075. Take profit will be at the identified area.
Good Luck and Trade Safe.
XAUUSD: Imbalance filled, What next?$1990 area had to be filled, we previously had identified this 'imbalance level' and have been waiting for price to fill the area so that we can have a clear view. Since price have filled the area. Now we can see price going towards 2020 and then 2050 only if DXY remain week and other economic data support Gold to rise. In other case, price can drop to 1900$ and rebound from there. We will have to wait and see how prices behave.
Good luck and trade safe!
Unlocking Trading Opportunities: Harnessing Volatility in $NNOXBuy @ 10.98 Sell @ 11.89+
Introduction:
In the fast-paced world of trading, capitalizing on price volatility is key to maximizing returns. One stock that has recently caught the attention of traders is NNOX, with its shares experiencing significant price swings. By understanding recent price movements and technical signals, traders can seize lucrative opportunities in NNOX shares.
Analyzing Recent Price Data:
In the latest trading session, NNOX shares reached a high of $12, highlighting the volatility inherent in the stock. However, savvy traders know that volatility can be a friend, presenting opportunities to enter positions at attractive price levels. At $10.98, NNOX shares present an enticing buy opportunity for traders looking to capitalize on price fluctuations.
Identifying a Technical Signal:
A compelling technical signal has emerged at the $10.98 price level: the formation of a double bottom pattern. This pattern occurs when the price hits a certain level, bounces back up, then returns to that level again before continuing its upward trajectory. For traders, this pattern is typically interpreted as a bullish sign, suggesting potential upward momentum in the stock's price.
Seizing the Opportunity:
For traders adept at navigating volatile markets, the current price action in NNOX presents an opportunity to capitalize on short-term price movements. By entering a position at $10.98, traders can position themselves for potential gains as the stock's price continues its upward momentum, fueled by the bullish signal identified through technical analysis.
Conclusion:
In the world of trading, volatility is synonymous with opportunity. With NNOX shares exhibiting significant price swings and a bullish technical signal emerging at $10.98, traders have a chance to capitalize on short-term price movements and potentially reap substantial returns. By staying vigilant and leveraging technical analysis, traders can unlock the full potential of NNOX shares in today's dynamic market environment.