The DOLLAR is the worlds #1 trade and reserve currency #GOLD is the KING of Anti Fiat #Bitcoin is attempting to replace GOLD in the mindshare of people (to a certain extent it has, considering from where it started from just a brief 15 years ago) So observing the major trends of the #DXY is crucial to determine how to place your bets and how much risk you should...
1d: here we are in breaker imbalance, also left liquidity at the bottom. 1H: have formed an imbalance, the direction of the asset for the near future depends on whether we invert this zone or get a reaction and go for liquidity below.
Overview: There were no surprises in the Fed’s meeting minutes. "Officials were confident about the direction of inflation and are ready to start easing policy if the data continues to cooperate." However, too many traders are interpreting this as “on September 18th, my $stonks go up.” Don’t be one of them. VANTAGE:SP500 posted another green candle, but...
Ethereum is below the EMA50 and EMA200 on the 4H timeframe and is trading in its medium-term bearish channel If the upward and downward movement continues towards the specified supply and demand zone, you can look for Ethereum buying and selling positions with the appropriate risk reward It should be noted that these zones are at the intersection with Ethereum's...
Overview: For the first time in the last six trading days, the S&P 500 closed with a red candle (-0.20%), even though its wick extended higher than the previous trading day. The key macroeconomic event to watch this week is the release of the "Minutes of the Fed's July FOMC meeting" on Wednesday, which will provide insights into the discussions and debates among...
If NASDAQ:RARE can continue it's momentum. I see no reasons for it not to hit these marks.
Last week, the U.S. Department of Labor released CPI data for July, which was slightly better than expected. Afterwards, U.S. stocks started an upward trend that lasted for a week, and gold recently refreshed its ATH, further pricing in interest rate cuts. The performance of crypto market has been weaker than other markets, with BTC and ETH almost at the same...
Overview: The weekend passed without significant CRYPTOCAP:BTC price movement, holding the daily level at $58.2k. On Monday, bulls rallied, managing to push the price up to $58.4k, signaling a potentially bullish week ahead. This renewed buying interest could be attributed to the VANTAGE:SP500 closing with a strong +1% gain, reminding traders of the generally...
Ethereum (ETH/USD) has reacted off the pivot and could rise to the 61.8% Fibonacci resistance. Pivot: 2,550.99 1st Support: 2,334.36 1st Resistance: 2,854.22 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors,...
Analyzing the ETH/USDT chart on a daily timeframe, we see a volatile and somewhat bearish trend emerging over the past few months. Here's a detailed breakdown of the chart, highlighting key resistance and support levels, along with insights from the MACD and RSI indicators. Key Observations: Trend Analysis: Ethereum has displayed a series of lower highs and...
In this analysis I want to talk about the M2 Global Money Supply indicator. This indicator basically shows how much money there is in circulation and how much is being printed. The indicator itself is not that usefull since it's just going up (more money is printed over time). However, the rate at which money is printed is more interesting, hence I slapped an...
Ethereum is currently within the $2600 to $2700 resistance range. This range is recognized as a significant resistance that might halt the current upward trend and initiate a downward movement. Potential Scenarios: Price Correction from the Resistance Zone: If Ethereum fails to break through the $2600 to $2700 resistance range, a price correction towards the...
Here is a global wave analysis of the OKX:ETHUSDT price After the launch of #ETHETF, the price correction of CRYPTOCAP:ETH has started After launch, #BTCETF was similar to the CRYPTOCAP:BTC price. Well, this is logical, because large funds need a trading volume to purchase a large position and preferably as cheaply as possible. The probable correction wave...
ETH/USDT is currently testing key resistance levels within the descending channel. A breakout above $3,050 could lead to a retest of higher resistance areas around $3,850. The 100MA near $2,150 has provided strong support, and the price needs to be above this level to maintain the bullish momentum. Traders should keep an eye on volume confirmation and price action...
Current Position (August 18, 2024, 12:00): The market is at a resistance level around 2,665.00. This area could signal either a pullback or a breakout, depending on market sentiment and external factors. Next Key Times: August 20, 2024, 06:00: This time point may represent a moment of potential reversal or continuation of the current trend. August 23, 2024,...
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Overview: The cryptocurrency market is currently in a cautious phase. Weekends typically see minimal price swings, though Sunday evenings can bring volatility. Declining open interest suggests a lack of confidence, with traders closing positions and exiting the market. The August 5th liquidations also pushed remaining traders to leave, further reducing market...
I think Ethereum is headed in the direction of the black neutral zone area as seen in the auto fib retracement indicator. The 50 day and 100 day moving average lines show Ethereum headed towards the neutral zone. Due to the neutral zone being above the price, I think the price of Ethereum is going to gain in price.