EURNZD - Buy Setup at Clear ZoneOANDA:EURNZD is approaching a clear support zone, marked by prior bullish reactions and buyer interest. This zone has consistently reversed bearish trends in the past, making it an interesting area to watch.
If buyers step in and confirm the support with bullish price action, such as long lower wicks or bullish engulfing patterns, I anticipate a move upward toward 1,83500. But if a break below this zone occurs, it could signal increased selling pressure and invalidate the bullish outlook.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Fundamental-analysis
Fundamental Market Analysis for February 18, 2025 USDJPYThe Japanese yen (JPY) attracted some sellers during Tuesday's Asian session, which, along with a slight rise in the US dollar (USD), helped the USD/JPY pair to stage a modest recovery from the 151.250 area or more than a one-week low. Investors welcomed US President Donald Trump's delay in imposing retaliatory tariffs. This, in turn, is seen as a key factor undermining the safe-haven yen. However, a significant Yen depreciation still seems unlikely amid rising bets for an interest rate hike by the Bank of Japan (BoJ), helped by the release of robust Q4 Japanese GDP data on Monday.
Meanwhile, the BoJ's hawkish expectations have led to a significant rise in Japanese government bond yields to multi-year highs. In addition, the recent decline in U.S. Treasury yields, supported by expectations of further interest rate cuts by the Federal Reserve (Fed), has narrowed the differential between U.S. and Japanese rates. This may further deter traders from aggressive bearish bets on the lower-yielding yen. Thus, it would be prudent to wait for strong buying before confirming that the USD/JPY pair has bottomed and positioning for further recovery.
Trading recommendation: BUY 152.000, SL 151.300, TP 153.100
EURSEK at Key Support Level - Will Price Rebound to 11,364?OANDA:EURSEK is in a significant support zone, which has been a turning point for bullish moves. The recent bearish pressure brings the price into this critical area, creating a potential buying opportunity.
If bullish signals appear, such as strong buying volume or bullish candlestick patterns, I expect the price to move toward 11,364, . However, a break below this support would invalidate the bullish bias and could lead to further downside.
Traders should be patient and wait for confirmation of bullish strength before entering long positions.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management,
Best of luck , TrendDiva
PLATINUM - Sell Setup at Key Resistance ZoneOANDA:XPTUSD is approaching a significant resistance zone, an area where sellers have previously stepped in to drive prices lower. This area has previously acted as a key supply zone, making it a level to watch for potential rejection.
If price struggles to break above and we see bearish confirmation, I anticipate a pullback toward the $1,021 level.
However, a strong breakout and hold above resistance could invalidate the bearish outlook, potentially leading to further upside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
XRP | BIG NEWS | How XRP Gets to $10A few weeks ago I made an update about rumors of Bank of America using XRP for its internal transactions.
The United States is the world’s largest economy, with a GDP of about $27 trillion. If a major like Bank of America were to adopt the use of XRP, consider how it processes trillions of dollars every day. Imagine what this can do for the market cap. Currently, these transactions are run through traditional payment systems like SWIFT and FedWire. But if Ripple can come in with a real cost saving advantage, it's very likely that other banks may follow.
Apart from internal transactions. these banks play a key role in global financial transactions, which means that any shift towards the XRP could lead to massive liquidity inflows and increased daily trading volume for the currency.
In case of limited adoption within US banks, the price may rise to $2-5 in the medium term.
In the event of widespread adoption within the United States, if XRP becomes a core part of the operations of major banks, the price could reach $10-20, but this would require fundamental changes in the financial infrastructure.
In the event of global adoption led by the United States, the price could range between $20 and $50, but this requires years of development and legal regulation.
__________________________
BINANCE:XRPUSDT
GBP/NZD Trendline Breakout (10.2.25)The GBP/NZD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 2.2053
2nd Resistance – 2.2141
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Bitcoin below $96K – Miners trigger a sell-offThe price of Bitcoin (BTCUSD) has dropped more than 3% in the past 24 hours, closing around $96,000 amid aggressive selling by miners. Over 2,000 BTC have been transferred to centralized exchanges since Bitcoin’s recovery to GETTEX:98K , intensifying downward pressure on the market.
This price decline is driven by miners’ efforts to reduce their reserves in response to market instability. At the same time, Bitcoin mining difficulty has increased by 5.6%, signaling new challenges for the industry and adding pressure on the cryptocurrency’s value. Typically, asset transfers to centralized exchanges indicate a readiness to sell, whereas transfers to custodial wallets suggest long-term holding.
Over the past two weeks, Bitcoin has repeatedly dropped below the $100K mark, influenced by uncertain U.S. trade policies and negative macroeconomic signals from the Labor Department report. A brief recovery failed to sustain bullish momentum, leading to large-scale sell-offs and further price declines, keeping altcoins under constant pressure.
As a significant part of institutional Bitcoin demand, miners continue to shape market dynamics. However, over the past seven days, selling activity has slowed as investors anticipate a potential price rebound.
FreshForex analysts forecast that BTCUSD retains the potential for recovery and even new all-time highs, while Standard Chartered suggests Bitcoin could reach $500K by 2028.
EURUSD - Analysis and Potential Setups (Intraday- 12.02.25)Overall Trend & Context:
The pair is in an overall downtrend on the higher time frames and we are now waiting for the lower time frames to shift in accordance with the narrative.
Technical Findings:
Price is at a daily level of supply (as well as refined zones down to the 15m & 5m)
LTF oversold conditions.
We could still see further upward movement so will wait for either a break at 1.03650 or for our OANDA:GBPUSD trade to run into profits (or both).
Potential Scenarios:
For now I will only be considering shorts.
Risk accordingly and be safe for CPI today.
XAU/USD (Gold) - H1 Chart - Channel Breakout (12.02.2025)The XAU/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 2835
2nd Support – 2797
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DOT/USDT Triangle Breakout (9.02.25)The DOT/USDT pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 5.03
2nd Resistance – 5.18
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XAU/USD (Gold) Triangle Breakout (07.02.2025)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 2890
2nd Resistance – 2904
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Understanding Market Activity in CryptoMarket activity measures the level of trading intensity in a market. It includes transaction volume, price fluctuations, supply and demand, and how different participants interact. In crypto, this is reflected in metrics like trading volume, liquidity, and order book depth.
Example: Bitcoin ( BTC ) trading volume spikes when major news (e.g., ETF approvals) or macroeconomic events occur. This increased activity shows how market sentiment drives price movement.
Who Are the Market Participants?
Market participants are anyone buying or selling an asset. In crypto, this includes:
- Retail traders (individuals buying BTC, ETH, etc.)
- Institutional investors (hedge funds, large companies)
- Market makers (liquidity providers ensuring smooth order flow)
- Miners & validators (securing the network and earning rewards)
The more participants in a market, the more liquid it becomes, making price movements smoother and reducing volatility.
Example: Bigger CEX have a deeper liquidity than a small DEX, meaning orders execute faster with less slippage.
Price + Time = Value (Crypto Perspective)
One fundamental rule in markets is:
➡️ Price + Time = Value
This means that an asset’s value is determined not just by its price but also by how long people are willing to hold or trade it.
Example: A long-term BTC holder who bought at $1,000 and held for 5 years sees a much different "value" than a day trader who flips BTC in minutes.
Additionally, crypto markets always have price levels that attract buyers and sellers (support and resistance levels).
Example: Bitcoin's $20,000 level in past cycles acted as both strong support and resistance, attracting buyers when the price dipped and sellers when it surged.
Market Analysis & Price Patterns (Normal Distribution in Crypto)
To analyze market activity, traders break price movements into time segments. One useful tool is the normal distribution curve, which shows where most trades happen.
Example: In on-chain analysis, if most Bitcoin transactions happen between $40,000–$45,000, this becomes the value area where market participants agree on price.
Crypto analogy: Think of a whale buying BTC in chunks over days, forming a distribution pattern. If they stop buying, price trends shift.
Supply & Demand in Crypto (Using a Bakery Analogy)
Markets function based on supply and demand. Imagine a bakery:
In the morning, fresh bread (high demand, low supply) = higher prices
By evening, leftover bread (low demand, excess supply) = discounted prices
The same happens in crypto:
New altcoin launch: Limited supply, high hype = price pumps
Token unlocks: More supply enters the market = price dumps
Example: When a project like Aptos (APT) unlocks millions of tokens, supply increases, and the price often drops due to selling pressure.
Short-Term vs. Long-Term Market Trends
Markets move in different timeframes—hourly, daily, weekly, and even yearly trends.
Short-term example: Ethereum’s price swings daily based on trader speculation.
Long-term example: Bitcoin halving cycles create multi-year trends that drive overall growth.
Example: In 2020, BTC was under $10K, but by 2021, it reached $69K due to long-term macro factors.
Crypto Market Makers (Real-World Examples)
Bitcoin Miners: Similar to a car company adjusting production, Bitcoin miners decide whether to sell mined BTC or hold it for higher prices.
2️⃣Whales & Institutions: Like property developers adjusting prices, whales accumulate crypto at low prices and distribute at highs.
3️⃣Liquidity Pools in DeFi: Like restaurants pricing meals based on demand, liquidity providers adjust fees and slippage in Uniswap pools.
Example: Alameda Research (before FTX collapsed) was a key market maker, providing liquidity across major crypto exchanges.
Long-Term Disruptions (Crypto Example: Ethereum vs. Bitcoin)
Long-term players reshape entire markets over time.
Example:
Bitcoin ( CRYPTOCAP:BTC ) was the first mover, dominating the crypto market for years.
Ethereum (ETH) introduced smart contracts, shifting activity from BTC to DeFi, NFTs, and Web3.
Now, new chains like Solana challenge ETH, forcing changes in network fees and scalability.
This mirrors how Japanese car companies disrupted the U.S. market, forcing competitors to evolve.
How to Spot Fair Prices in Crypto?
Markets always seek equilibrium—a price where buyers and sellers agree.
Example:
If a new altcoin doubles in price, but trading volume drops, it signals overvaluation.
If on-chain data shows steady BTC accumulation, it suggests a fair price floor forming.
➡️ Traders watch repeated transactions to gauge market sentiment.
Consumer Awareness in Crypto
As investors, we naturally understand how price and time impact value. However, we also need to watch long-term market participants like:
Whales (Smart Money): Who is accumulating?
On-Chain Data: Are large wallets buying or selling?
Institutional Trends: Are hedge funds moving into crypto?
📌 Example:
When Tesla bought #bitcoin in 2021, it signaled institutional confidence, but when they sold, market sentiment shifted.
Final Thoughts
Crypto markets follow the same supply and demand principles as traditional markets but with 24/7 trading, higher volatility, and unique tokenomics. Understanding market activity helps traders anticipate moves and make better investment decisions. 🚀
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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DE30 Strengthens Within Ascending Channel, next at 652.00?DJ:DE30 remains within a well-defined ascending channel, with price recently rebounding from a key support level. This suggests a continuation of the uptrend, with the next target near 652.00, aligning with the upper boundary of the channel.
A short-term pullback could present a buying opportunity, particularly if bullish candlestick patterns like an engulfing or hammer formation emerge, confirming buyer strength. A decisive move above recent highs could reinforce momentum toward the expected target.
But if we get a break below the channel’s lower boundary, it would invalidate the bullish outlook and signal a potential shift in market direction.
NFP Feb 25 - US30 NFP Trading Plan Feb 2025.
Weaker NFP data with higher UNEMPLOYMENT CLAIMS (Bullish)
Higher NFP data with Lower UNEMPLOYMENT CLAIMS (Bearish)
Weaker NFP data with Neutral UNEMPLOYMENT CLAIMS (Choppy)
NFP - Forecast 169K vs Previous 256K
Unemployment Claims - Forecast 4.1% vs Previous 4.1%
Here's the tricky Part. If data comes out as expected (NFP 169K - UEC 4.1%) thats Bullish, but a choppy market up & down until market finds a valid support/trend.
Plan Of Action.
Wait 5 - 15 min after data release.
Identify the S&R zones. Wait for Break or Retest.
Wait for confirmation (Candle close/Volume Break/Retest).
Execute with Proper Risk Management.
STICK TO PLAN OF ACTION!!!
Support & Resistence
Resistence - 44725 - 44750
Support - 44525 -44500
Technicals
Monitor DXY for a weaker Dollar. Currently on the 4hr DXY chart we got a H&S Pattern with MA20 downside cross MA50 and RSI in sell area below 50.
US30 we inverted H&S Pattern with MA20 trading close to MA50 for upside cross and RSI in Buy area above 50.
GBP/NZD Channel Breakout (5.2.2025)The GBP/NZD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 2.1862
2nd Support – 2.1765
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Fundamental Market Analysis for February 6, 2025 EURUSDThe euro is trying to consolidate after breaking a six-day losing streak, with EUR/USD still holding at 1.0400.
US employment change data from ADP showed stronger-than-expected results for January, with a net increase in the number of people employed coming in at 183k, beating the expected decline to 150k from December's revised 176k. While the ADP jobs data unreliably predicts the US Non-Farm Payrolls (NFP) data expected later in the week, the increase bolsters investor confidence that the US economy remains on solid ground.
Early Thursday will see the release of pan-European retail sales data for December. Median forecasts expect the figure to rise to 1.9% y/y, up from 1.2% in the previous period. However, the month-on-month figure is expected to fall to -0.1% from 0.1%.
The most important release this week will be the US Non-Farm Payrolls (NFP) report on Friday. Investors expect the January NFP to fall to 170k from December's 256k. Traders will also be watching for revisions to previous months' data. Those expecting a rate cut are becoming increasingly frustrated with the sustained strength of the US economy as labour statistics are often revised upwards.
Trade recommendation: Watch the level of 1.0370, when fixing below consider Sell positions, when rebounding consider Buy positions.
BTC/USDT -H1- Bearish Channel (06.02.2025)The BTC/USDT Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 90412
2nd Support – 87124
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EUR/NZD Triangle Breakout (5.2.2025)The EUR/NZD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.8220
2nd Support – 1.8140
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Fundamental Market Analysis for February 5, 2025 USDJPYThe Japanese Yen (JPY) is attracting fresh buyers after data released during Wednesday's Asian session showed a rise in real wages in Japan, confirming bets that the Bank of Japan (BoJ) will raise interest rates again. This is significantly at odds with expectations that the Federal Reserve (BoJ) will cut borrowing costs twice before the end of this year. As a result, the narrowing rate differential between Japan and the U.S. will support yen yields.
In addition, the weakening U.S. dollar (USD) led the USD/JPY pair to fall to mid 153.0, or the lowest level since December 18, in the last hour. Meanwhile, investors remain concerned that Japan could also be targeted by US President Donald Trump's trade tariffs. This, along with a risk-on sentiment, could deter traders from making new bullish bets on the safe-haven yen. Nevertheless, the fundamental backdrop supports the outlook for further yen strength.
The Japanese yen hit a one-month high against the US dollar amid expectations of a Bank of Japan rate hike. Expectations of further narrowing of the rate differential between Japan and the US also support the yen.
Trading recommendation: Trade mainly with Sell orders from the current price level.
Alphabet (GOOGL) Analysis – Potential Downside RisksAlphabet is currently trading at $205. While it could still move higher, several factors might drive the price lower soon:
Extended Distance from 55 EMA:
The stock hasn’t touched the 55-day EMA for 147 days. While this doesn’t mean a pullback will happen immediately, a sharper downside move is possible.
Bearish Divergence:
The RSI has formed a lower high, while the price has made a higher high, signaling a potential bearish divergence.
Fundamental Risks – AI & Earnings:
Earnings Report on Tuesday:
Alphabet will report its earnings, and investors will focus on its high AI-related expenditures.
Revenue Growth Concerns:
The company may have experienced slower revenue growth in Q4 due to weakness in advertising and cloud services.
Competitive Pressure in AI:
Chinese startup DeepSeek recently launched low-cost AI models, raising concerns over a potential AI price war, which could impact Alphabet’s profitability.
While Alphabet remains strong, combining technical weakness and fundamental risks (earnings pressure, AI spending, and increased competition) could lead to a correction. If a pullback occurs, the 55 EMA could act as a key support level.
92% of positions are long. We all know the old saying—most people lose in trading. So if 92% of the market is long, we should at least be short for the moment.
This extreme bullish positioning suggests a potential contrarian opportunity, as overly crowded trades often lead to sharp reversals.
EUR/USD Poised for Reversal from Key Demand Zone – Smart Money A📊 Market Outlook: Bullish Reversal from Demand Zone
EUR/USD is approaching a critical daily demand zone (highlighted in yellow), where we anticipate a potential trend reversal. The technical and fundamental data suggest that a buying opportunity is emerging.
🔹 Why Am I Bullish on EUR?
✅ Retail Traders Overloaded on Shorts – The retail crowd is excessively short, which often leads to short squeezes when smart money steps in.
✅ Non-Commercial Traders are Overly Short – CFTC data reveals that large speculative traders hold extreme short positions, signaling a potential contrarian move.
✅ Commercial Traders Accumulating Longs – The smart money (hedgers & institutions) are heavily long on EUR, suggesting value buying at these levels.
✅ Key Demand Zone in Play – Price is approaching a major liquidity pocket, historically acting as strong support and a reversal zone.
🔹 Technical Levels to Watch
📍 Support Zone: Yellow Area On Chart
📈 My Trade Bias:
Waiting for confirmation signs in the demand zone.
Looking for bullish structure shifts & momentum buyers stepping in.
🚀 What do you think? Will EUR/USD bounce from here or break lower? Comment below! 👇📩
#EURUSD #Forex #SmartMoney #OrderFlow #Liquidity #PriceAction #CFTCData #ForexTrading #FXAnalysis
StarkNet– The Bottom, or Are We Heading Into the Scam Coin Zone?StarkNet (STRK): The Bottom or Still Has Potential?
🔥 Hello everyone, this is Ronin!
After the massive market crash that we analyzed in the Ethereum article, another important question arises: what should we do with StarkNet (STRK)?
📉 STRK has entered a price zone it has never seen before, making this a critical moment to understand its future trajectory. Will this asset recover, or is it doomed to the fate of a scam coin and gradual devaluation?
Only time will tell, but for now, let’s break down the key factors influencing the situation and possible scenarios for STRK’s future.
How Ethereum’s Drop Pulled StarkNet Down
If you’ve read my Ethereum breakdown, you know that ETH’s collapse from $3600 to $2000 wasn’t due to fundamental reasons but rather market manipulation.
Since StarkNet is a Layer-2 solution built on Ethereum, it’s logical that its price is strongly correlated with ETH’s movement.
📌 What does this mean?
When Ethereum drops, all projects built on it also lose market value.
STRK reached historically low levels where it had never traded before.
Big players took advantage of this situation to liquidate long positions in StarkNet, just as they did with ETH.
But does this mean STRK is doomed? Let’s analyze further.
Fundamental Factors: StarkNet Remains a Strong L2 Solution
💡 The key question: Is this project worth believing in?
StarkNet isn’t just another altcoin—it’s a Layer-2 protocol solving Ethereum’s scalability issues.
🔹 Why is it important?
✅ Uses ZK-Rollups technology, significantly improving transaction speed and cost.
✅ Developers are actively working on updates and improvements.
✅ The project is backed by major investment funds, including StarkWare.
However… STRK’s market cap is still low, which makes it vulnerable to manipulation.
Technical Analysis: Pain Zones and Potential Reversal Points
📊 Is StarkNet at its bottom, or could it drop even further?
🔹 Right now, STRK is trading in uncharted territory. There are no historical support levels to rely on.
🔹 The main demand zone is between $0.40 – $0.50. If STRK holds these levels, a gradual rebound is possible.
🔹 However, if selling pressure continues, STRK could drop even further, especially if the overall market remains under the influence of manipulation by market makers.
Should You Buy StarkNet Now?
💡 If you already own STRK
Selling at a loss without a clear understanding of the situation is a mistake.
Panic selling at the bottom is exactly what big players want.
If you have the patience to endure the drawdown, the project still has potential.
💡 If you don’t own STRK but are considering buying
Buying near absolute lows is risky, but also offers the potential for X5-X10 returns.
If you’re not prepared for further drawdowns, it’s better to wait.
The best strategy is to spread out your purchases and buy near support levels.
Manipulation or Market Reality?
If you’ve seen what happened with Ethereum, you understand how market makers operate.
📌 Crypto exchanges profit from liquidations.
📌 Big players create artificial panic sell-offs to accumulate cheap assets.
📌 After major crashes, sharp rebounds often occur—but only if an asset has real fundamental value.
StarkNet has yet to prove its resilience during major market corrections, but its technology remains promising.
Conclusion: Is StarkNet at the Bottom or a Buying Opportunity?
📌 It’s the bottom if the project continues developing and the market starts recovering.
📌 It’s not the bottom if the bear market lasts longer and demand for StarkNet disappears.
🎯 My position:
I held onto my STRK positions and didn’t sell in panic. More than that, I bought more because the price is currently in an anomaly zone.
🚀 Could STRK gain X5-X10 from these levels? Absolutely, and it wouldn’t even be an all-time high.
If you’re interested in tracking my trades and updates, follow along—we’ll analyze the situation together. Let’s discuss in the comments—what do you think about this asset?
🔥 This is Ronin—stay sharp, watch the market, and don’t fall for manipulations! 🚀
Fundamental Market Analysis for february 3, 2025 EURUSDEUR/USD was subjected to heavy selling on Monday and fell towards 1.0200 early in the Asian session. Spot prices have returned to more than two-year lows reached in January and look set to continue their multi-month downtrend.
The US Dollar (USD) is rising across the board in response to US President Donald Trump's decision over the weekend to impose 25 per cent duties against Canada and Mexico, as well as an additional 10 per cent against China. This marks the start of a new global trade war and has curbed investor appetite for risky assets. The flow of anti-risk sentiment is putting good pressure on the safe-haven quid, which is becoming a key factor putting downward pressure on EUR/USD.
Meanwhile, on Friday evening, Trump announced that he will impose tariffs on goods from the European Union. This comes amid the European Central Bank's (ECB) stance, which continues to undermine the common currency. As expected, the ECB cut borrowing costs by 25 basis points (bps) last Thursday and left the door open for further rate cuts before the end of this year.
This is a significant divergence from the Federal Reserve's (Fed) pause, which favours dollar bulls and supports the prospects for further EUR/USD declines. Meanwhile, the recent sharp pullback in US Treasury yields acts as a headwind for the quid and may provide some support to spot prices. Nevertheless, the fundamental backdrop suggests that the path of least resistance for spot prices is to the downside.
Trade recommendation: Trading mainly with Sell orders from the current price level.