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BEST

Bitpanda BEST Bullish Divergence weeklyBitpanda Ecosystem Token (BEST) This simple analysis shows bullish breakout potential for Bitpandas Exchange Token (BEST). + Weekly RSI and MACD indicators both show a very strong bullish divergence. + After hitting the 0.236 the 0.382 Fibonacci retracement, price is building support in an Adam and Eve formation around the green 0.5 + A breakout out of the falling wedge pattern that built up over nearly 2 years could mark the next major bottom. + We can also see strong confluence between 0.5 line (green), 20-Week Simple Moving average (dotted line) and the wedge border. Once broken, it could result into FOMO. + As long as Bitcoin can hold major lows, BEST could be up for a bullish continuation and therefore a move to the upside. BEST is due to so-called token burns, a deflationary designed token of the Bitpanda Broker: MAX Supply : Initial Mint 1,000,000,000 (April 2020) TOTAL Supply: Down to 794.756.875 (February 2023) due to a burn of Burn 205.243.125 (February 2023) DYOR www.bitpanda.com According to the BEST white paper, the token will always be part of the Bitpanda Ecosystem. Also check out older analysis!
BLong
by passio
🟩 BEST 6 months - Seasonality AnalysisThe market is ready to enter its "Best 6 Months" as the calendar transitions from October to November. 👉 Yale Hirsch , the man behind the creation of the Stock Trader's Almanac, originally described the "Best 6 Months" tendency in 1986. The "Best 6 Months" idea is a straightforward one. Hirsch's analysis indicates that during the past several decades, a significant part of the market's gains have occurred between November and April. And over the past six months, it has generally had difficulty moving forward. I'll also point out that the edge has lasted ever since the tendency was published many years ago, with the "Best 6 Months" consistently outperforming the "Worst 6 Months". 👉 Additionally, as we enter the third year of the presidential cycle, the market is changing. Instead of measuring the Presidential Cycle years from January to December, we do so from November to October. This makes it possible for the cycle years to better coincide with the early November elections. Additionally, even though the elections always take place in the first week of November, we always begin the cycle year on November 1. Combining it with the "Best 6 Months" cycles facilitates evaluation. The third year of the presidential cycle has generally been successful. The outcomes since 1960 when the Best 6 Months and the Third Year of the Presidential Cycle have both been in outstanding. RESULT: Since 1950 - to present day ALL 18 instances have shown gains! The average 6 month period saw a net gain of +16.95%!
SP:SPXLong
by TintinTrading
A Trade against the trend?Typically i dont advocate trading against the trend. However in this case we might have a reason to. Price seems to have hit some resistance from 2020, and rejected going higher july 14. we are at a decision point. the stochastic is showing a bit of a squeeze that suggests price may fall, resistance in price forming a double top. looking back on 2016 and 2018 we see similar long term patterns that suggest price over time will fall. Its not a trade I will take but could be interesting to watch.
Short
by Maveric12