EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
It makes sense for us to go short on EUR/JPY right now from the resistance line above with the target of 160.038 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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Forecast
EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the EUR/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.490.
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PanCake swap (cake)Cake usdt Daily analysis
Time frame daily
Risk rewards ratio >1.7 👈👌
Target 7.4
PancakeSwap’s “head chef” declared that the BSC-based DEX is retaining the deflationary tokenomics for its native CAKE token. The announcement comes as other DEXs are trying new incentives for staking their native assets.
The leading DEX on Binance Smart Chain is making a return amid a general DeFi recovery, and it shared that it will retain CAKE as a deflationary token to retain its value. The DEX decided against using CAKE as an incentive token, instead renewing its tokenomics based on regular burns and deflation.
CAKE has a 1-2% annual burn rate and a negative net growth in the past 12 months. PancakeSwap also has regular weekly burns, which give a glimpse into the activity and fees generated on several PancakeSwap markets, including predictions and NFTs.
shiba inu (shib)shib usdt daily analyse
time frame daily
risk rewards ratio >3
shiba break out the rectangle and reached 0.00003318 $ then fell to the top of the blue box and now it is time to pump and reach my target
there is no significant resistance for the target 0.0000435 $
only 0.000033 $ which is not strong of course
ManaMana usdt Daily analysis
Time frame daily
Risk rewards ratio =2 👈👌
Target 1.1$
mana is one of the gaming tokens that offers earning potential . explore the potential of gaming tokens, offering lucrative opportunity in play to earn and virtual economies
Technical: mana had a good growth to ex high price but couldn't reach to new high in this year. Price fell down to save energy and now is the best time to pump and break strong resistance boxes ( red boxes in fhe chart) and reach my target on 1.1$
But if it can't break the resistance, don't worry. New year holidays will help to gaming tokens like mana and sand and etc.
waves waves usdt daily analyses
time frame daily
risk rewards ratio >1.5
waves price raised good but it heated to a weak resistance (red box on the range 2.5 $ ) and it fell down corrected 20% and started to pump again . my first target is shown in the chart 3.24 $. we see in the chart strong resistance ( red box on the range 3-3.5$) and I think here will be good for my first target
Ripple Xrp usdt Daily analysis
Time frame 4 hours
Risk rewards ratio >2
I'm waiting for a good pump
Look at the chart. We can see 4 triangles
Price move up and down in the triangle and then it breok upper side and pumped.
Now this triangle is shaped and I hear good news about the Ripple. So!
What will happen 🤔
Stargate finance ( STG)Stg usdt Daily analysis
Time frame 4 hours
Risk rewards ratio >1.3 👈
Stg is an omnichain-native asset bridge designed to solve the blockchain trilemma , which says blockchain can be desensitized, secure and fast simultaneously.
STG is a good and promising currency in the crypto market. Given the strong team it has, I expect very good growth. Although STG has strong competitors in DeFi such as Polkadot. One of the advantages of StG over Dot is its speed of operation, and of course it has other advantages.
Technical analysis:
Stg is moving between 2 parallel line for 8 week. It's very good movement for traders.
Buy in down and sell in up. But I think in alt season STG will break this parallel and pump. But I have a short time analysis.
When STG break the upper side , I'll reach my target and start to another analysis to higher target
Algorand (algo)Algo usdt Daily analysis
Time frame 4hours
Risk rewards ratio >1.3 👈
Algorand rank is 40 and market cap 4.21 NYSE:B
It's all time high is 3.28 $ and you can see , good growth for this in altseason
Algorand is a self sustaining decentralized, blockchain base network that supports a wide range of applications.
This system is secure, scalable and efficient
All critical properties for effective applications in the world.
Algorand will support computation that requires reliable performance guarantees to create a new formes of trust.
Technically we have no resistance in the way of my first target. Just a weak resistance in 0.69$ area.
US100 Is Very Bearish! Short!
Take a look at our analysis for US100.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 21,766.7.
The above observations make me that the market will inevitably achieve 20,570.5 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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BITCOIN Is Going Up! Buy!
Please, check our technical outlook for BITCOIN.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 100,153.20.
Taking into consideration the structure & trend analysis, I believe that the market will reach 102,181.06 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPNZD Will Grow! Long!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.192.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDNZD Will Go Lower From Resistance! Sell!
Take a look at our analysis for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.104.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.098 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUDJPY Will Move Lower! Sell!
Please, check our technical outlook for AUDJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 97.822.
Taking into consideration the structure & trend analysis, I believe that the market will reach 97.277 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
BITCOIN is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 89,901.
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EUR/GBP SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR/GBP pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.825 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
USD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.886 area.
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NZD/USD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are targeting the 0.592 level area with our long trade on NZD/USD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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