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Engulfing Candle

Upgrading Polygon PoS Chain to Boost Performance + TAHello friend. Today im going to explain about the latest happenings in polygon layer-2 blockchain. Lets see what will happen? When the Polygon PoS chain first launched it offered a much-needed solution for Ethereum’s scaling issues. It gave users and developers alike everything they love about Ethereum but with faster throughput and lower fees. Now, with tens of thousands of decentralized apps, over 207 million unique addresses, more than 2.3 billion processed transactions, and a vanishingly-small carbon-footprint, the Polygon PoS chain has emerged as the premier destination for dApps. It is home to some of the biggest Web3 projects like Uniswap and Aave as well as major companies like Robinhood, Adobe, and Stripe. But this is only the beginning. Longer-term technical upgrades to Polygon PoS are being worked on, like parallelization, even while other promising tech for scaling, like Polygon zkEVM, is being built. a critical hardfork will be proposed that will aim to: 1 - reduce severity of gas spikes; In order for a transaction to be included in a block, a gas fee is required. The “base fee” is the minimum fee for block inclusion, and is set in accordance with EIP-1559. Although on-chain gas dynamics work well a majority of the time, when the chain experiences high demand, the base gas fee experiences exponential spikes. Increased gas prices are normal during surges in demand on any blockchain protocol. But “gas spikes,” which represent exponential growth in price, are not. They are a result of EIP-1559 and the Polygon PoS chain’s faster block times (~2s.) 2 - address chain reorganizations (reorgs) in an effort to reduce time to finality. Decrease the sprint length from 64 to 16 blocks. By reducing the length to 16 blocks, this upgrade means a single block producer will produce blocks continuously for a much shorter time (~32 sec) than the current (~128 seconds). Doing so will decrease the depth of reorgs. “Sprint length” describes the number of blocks a validator produces contiguous blocks on Bor chain. By reducing sprint length, the time a validator continuously produces blocks decreases. The result? Lowering the chances of a secondary or tertiary validator (who hasn’t discovered the primary) kicking in to produce blocks, resulting in fewer reorgs overall. Reorgs are possible due to the architecture of the Polygon PoS chain, which relies on probabilistic consensus. Finality for a transaction is achieved based on the number of confirmed valid blocks on top of the block containing a transaction. In the Polygon PoS chain, applications wait approximately 50 blocks before considering a transaction final. A reorg occurs when a validator node receives new information that shows a longer, or higher version of the chain. The chain with the highest difficulty is called the “canonical” chain. If a longer version of the chain arrives with more blocks, this is the new canonical chain, and the old one must be discarded. Reorgs may impact transaction finality and disrupt the ability of an application to be confident that their transactions are part of the canonical version of the chain. Expectation after the hardfork: By decreasing the sprint length, the hardfork will help reduce the frequency and depth of reorgs, and improve transaction finality. The change will not affect the total time or number of blocks a validator produces, so there will be no change in rewards overall. Now lets look at technical perspective: take a look at picture below (thats a weekly chart): As you can see , the price supports in 0.76 strongly with a n Engulfing candle and now it reaches to the correction area. correction lasts till 50EMA (green line) and after that will increase again. Notice that this analysis is a Long-Term analysis . So try to invest in your own strategyk. I think Polygon will be one of the best ecosystems Blochchain seen in these years. THANK YOU fo reading my idea. PLZ support me and put your opinion in comments? What do you think?
MLong
by TraderAmin-KZ
EURUSD SHORTEURUSD is behaving like it going to go south for a little bit, let me explain, The price as hit a very strong resistance, the 1.10 level, and is rejecting a couple other major chart elements, I'm going to look for entries on H8 - H12 and D1 and help EURUSD get to the 1.04 - 1.05 Level first, then back to the 1.00 Level is further selling pressure The reasons are the following : 1) Price has rejected the psycholigical level of 1.10 2) Price has retested and rejected the Trendline of a massive correction that happened between 2017 and 2022 (the red trendline) 3) Price is rejecting the 50% Fib retracement of a the huge downtrend that occured between may 2021 and October 2022 4) All of this is confirmed by last week's closed weekly candle, that is making a beautiful pin bar, after it did a false breakout to go and get liquidities from the 1.10 Level All for this is constituting a case in favor of a drop of the euro, I will look to short it until it shows any strong signs of reversal on the different levels mentionned above, the 1.05 level, the 1.00 level, and eventually, the 0.95 Level Don't hesitate to leave a coment or ask if you have any question Cheers and trade safe!!
Short
by aemerydufoug
1
Gold - Wanna Take a Breath?! Gold has been hit pretty hard by the rise of dollar since a couple of weeks. It broke the ascending trendline it was in since november violently, without retesting it, falling like a rock all the way to the 1800s. But now could be the time for a little push up. It could either be a retracement if gold wants to print a downtrend, in what case we would go up to make a Lower low or even a double top. Or it could be a continuation of the uptrend. Both are possible, but for now, I'm gonna play the uptrend card. The situation : 1) We're still officially in an uptrend 2) Price is at previous support 3) It pushed away from 1800ish level, 4) It's been approaching the support in a corrective manner, a falling wedge being a sign of a bullish reversal 5) It's rejecting the 50 - 60% Fib retracement level of the massive uptrend that happened between november and february 6) Pinbar on Daily, tweezers on H12, morning star on H8 This situation is pretty similar to the one with silver. It looks pretty scary to get into a long after such a sharp move down but, what goes down must go up at some point, and even though a lot of factors are pointing into the fact that gold is changing trend right now, technically, we're still in an uptrend, so price should obey to signals going that way. I'm going into this trade because it follows my trading plan, this isn't a matter of belief. I'm not sure what the outcome will be, and it might hit SL, but, the thing I know is that it doesn't matter. The simple reason being that, I have enought evidences in favor of taking a position, and, if I respect this rule everytime, then my outocme will be positive on the long run, so, doesn't matter if I'm right or wrong on this one, it matters if I respect my trading plan, and trade according to it. Plan the Trade, Trade the Plan!!! This was the last analysis for this week, I'm wishing everybody sucess for this trading week, and don't hesitate to leave your comments and opinions about my ideas, any income is more than welcome! Cheers everyone!
FOREXCOM:XAUUSDLong
by aemerydufoug
3
SPX: Strong Bullish Reaction.• The SPX did a bullish reaction, just above our key support level at 4,100, which we’ve been monitoring for a few days; • This indicates bullish continuation, and despite the correction this morning, the index still looks bullish; • In the lack of bearish reversal structures, the gap at 4,218 is our next target. So far, there’s no bearish sign on the index; • Yesterday, it did a Bullish Engulfing pattern, and it is quite normal to see short-term corrections after the bullish candlestick – but it must not drop too much, otherwise, it might frustrate the pattern; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
Gold Leaves Behind Bearish Engulfing as Fed Push Losses SteamGold prices dropped almost 2 percent on Thursday, the most since the summer of 2020. XAU/USD was unable to find follow-through after a boost from the Fed earlier this week. Upbeat US jobless claims brought data into focus ahead of Friday's non-farm payrolls report, pushing up the US Dollar. A Bearish Engulfing is in focus. Downside follow-through is lacking at the time of publishing. A breakout under the 20-day Simple Moving Average exposes the 50-day line. Negative RSI divergence is also present, showing that upside momentum is fading. Otherwise, key resistance is the 1978 - 1998 zone above.
FX_IDC:XAUUSDShort
by QM_Dubrovsky
1
XAU/USD Possible BreakdownHello friends. I saw a Strong Trendline Breakdown in Gold and Decide to share with you my opinion. I think Gold is in Overbought Area and It will record some correction in coming days. So i have some reasons for my opinion: 1-In Daily chart we can see a strong Bearish Engulfing candle (as you see in picture below) 2-in Daily chart we can see a Divergence Between RSI and Price in Overbought Area (as you see in picture below) 3-A Strong Bullish Trendline Breaks down in 1H. 4-We reach an important Resistance near the last High and psycological level of 2000. so for this reasons i think Gold experience a little correction in coming days. I think Gold will reach targets like 1900 an after that 1880. I hope you like my idea and i will be happy if you share me your opinion too. Thanks for reading my idea. Just dont forget to set a good Stoploss and enter a trade with at least 1:1 R/R.
TVC:GOLDShort
by TraderAmin-KZ
2
Stochastic + RSI + MACD zero cross strategy from backtest on SPYStrategy 1. Stochastic cross at 50 level 2. RSI cross at 50 level 3. MACD cross at 0 level 4. Engulfing Candlestick? 5. Level 2 Tape sentiment balance (Optional) Technical Analysis It's a simple technical analysis setup strategy for bullish or bearish trading setup in both bullish and bearish sentiment scenarios. All levels in the indicators are at standard default settings. Step One: Look at the Stochastic indicator cross at 50 level and a cross over the signal line. This will be the first check and we want the cross to occur at the 50 level. Step Two: Check the RSI and need a cross at 50 level. This is the second confirmation. Step Three: Check the MACD cross and it's best to wait for the cross to happen at the zero line. This has a lower instances from occurring but it helps to avoid fake-outs that MACD is prone to showing. Step Four: Look for an engulfing candlestick pattern in the chart for a final confirmation. Step Five (Optional): If you have access to Level II quotes and the Time&Sales, watch for a momentum into the Ask side for a bullish sentiment or the Bid side for a bearish sentiment. Also you'll need to be familiar with tape reading on the volume and speed for better entry or exit.
AMEX:SPYEducation
by ashpat86
Trading Series – The ManagementMost of us will spend about 90% of our time thinking of what to buy and at what price we should get in. In fact, that is only 10% of work done. Focus on this scenario instead - “After getting into a position, how are we going to manage it with either a calculated loss when market go against us or how should we take profits when market perform better than our expectation? As usual we will do a few case studies on how I manage my positions for this year. Today’s content: 1. 90% of us – Spending too much time on “Getting in” 2. Steps to manage our trades after an entry? If you have been following, today’s is the 7th tutorial in our Trading Series: 1. “The buy strategy” 2. “The sell strategy” 3. “Developing long & short-term view” 4. “Choosing between the time frame” 5. “The entry” 6. “The exit” 7. “The management” Example 1 Micro E-Mini Nasdaq Futures Minimum fluctuation 0.25 point = $0.50 1 point = $2 10 points = $20 100 points = $200 1,000 points = $2,000 Example 2 E-Mini Nasdaq Futures Minimum fluctuation 0.25 point = $5 1 point = $20 10 points = $200 100 points = $2,000 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
CME_MINI:MNQ1!Short
by konhow