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Fundamental Analysis

SOLUSD I feel good I had my price target set at $213 It hit $213, But I sold early just cause of boredom, but it feels good to know that it hit it. In the future maybe I will find something more fun to do like not write an essay about discourse communities for class lol. Anyway, I sure hope a lot of people are making money during this bull market. Bitcoin hit $80K so congratulations to all of you who are buying bitcoin. Sure, wish I had real money in this lol ugh I would be a millionaire right now lol. Oh well it is continuing to paper trading for me.
COINBASE:SOLUSD
by Christian_J_Cruz
Weekly Prediction and Recap from last weekWhat Happened This Week: The USD/JPY pair continued to trade within a bullish structure, reflecting overall dollar strength as expected. Despite facing a significant resistance level around 154.324, the pair did not convincingly break this level, indicating some selling pressure near this zone. The primary driver for the dollar's strength this week was anticipation around U.S. economic data and the upcoming Federal Reserve meeting, with an increasing probability of a rate hike. The market also digested political developments in the U.S. and their potential impact on dollar strength. The Japanese yen weakened further, hitting new three-month lows as economic conditions in Japan remain soft, and the Bank of Japan has shown no significant shift toward tightening monetary policy. On the daily chart, USD/JPY attempted multiple times to break above the 154.324 resistance level but was met with selling pressure, leading to consolidation near this level. The anchored volume resistance at 154.324 continues to act as a strong barrier, signaling that while bulls have momentum, they need more volume to push the price higher. Daily movements were influenced by U.S. dollar sentiment, with periods of volatility around news on U.S. interest rates and economic data. Updated Weekly Analysis for Upcoming Week Bullish Bias: USD/JPY remains in an uptrend on the weekly chart, supported by strong U.S. fundamentals and the prospect of a Fed rate hike. Key Resistance Level: The 154.324 level remains the critical barrier. If the pair closes above this level, it would confirm a breakout, opening the way to targets around 157.383 and 158.313. Consolidation Potential: If USD/JPY fails to break 154.324 again, we could see the pair consolidate between 152–154.324. A failure to break higher may also prompt a pullback toward the 150.000 level, which serves as strong weekly support. Bullish Continuation Scenario: If USD/JPY breaks and closes above 154.324 on the daily chart, it would signal potential continuation to the next resistance zone at 157.383. This breakout would align with the broader weekly uptrend, indicating increased bullish momentum. Bearish/Consolidation Scenario: If the price fails to break above 154.324, expect USD/JPY to potentially pull back toward daily support around 152.000 or lower. This would signal a period of consolidation, especially if the dollar faces any negative news or if U.S. yields stall. Risk Management and Final Thoughts Bullish Breakout Entry: Only consider a buy position if the price decisively closes above 154.324. Both daily and weekly close above this level would indicate stronger conviction among buyers. Patience on Rejection: If USD/JPY fails to close above 154.324, be prepared for possible consolidation or a pullback to lower levels. Avoid entering prematurely if the breakout isn’t clear. Stop-Loss Strategy: Given current volatility, it’s essential to keep SL tight near key support levels to protect against unexpected reversals, especially with major economic events upcoming.
by JasieKK
Just Buy & Never StopBitcoin, with its fixed supply, acts as a “hedge” against this devaluation. Because no one can print any more Bitcoin, then it can't be devalued by printing more. In this way, if your local currency is falling in value, you can buy Bitcoin as a store of value. In an extraordinary demonstration of demand for Spot Bitcoin ETFs, U.S. funds saw a record daily net inflow of $1.38 billion as Bitcoin itself hit new all-time highs. BlackRock (NYSE:BLK)'s IBIT fund dominated the inflows, attracting a record $1.12 billion of the total, reflecting the hype of recent events and a growing appetite for regulated BTC exposure among traditional investors. Tom Lee told the CNBC show hosts that Bitcoin is “potentially a Treasury Reserve asset” for the U.S. If it is adopted in this status and if the price goes up, it can potentially help the U.S. reduce the budget deficit, Tom Lee believes.
BITSTAMP:BTCUSDLong
by besikmurjikneli
1
ADA | Crypto, Congress & CardanoCharles Hoskinson & Trump Team Up to Tame the Wild West of Crypto The trading volume for Cardano reached $ 5,150,683,356 over the last 24 hours, marking a significant 390% increase from the previous day and reflecting a recent surge in market activity. Cardano's founder, Charles Hoskinson, has confirmed plans to work with the US government under Donald Trump's leadership to help shape cryptocurrency legislation. The primary objective is to establish clear regulatory frameworks for the cryptocurrency sector, which has long dealt with uncertainty and regulatory hurdles. In his latest comments, Hoskinson emphasized that developing favorable policies for cryptocurrency would require support from both Democratic and Republican parties. This announcement comes as Cardano and other major blockchain networks, like Bitcoin, continue to face legal challenges from US agencies Hoskinson underscored the significance of bipartisan cooperation, noting that the recent FIT21 bill passed in the House with support from over 60 Democrats, reflecting growing momentum for bipartisan crypto legislation. He also acknowledged the potential influence of a future Republican-controlled Senate, House, and presidency, suggesting that the current political landscape could provide the crypto industry with a long-sought path to legal clarity. Honestly this is the only miracle that could happen for ADA holders and the only factor that could move ADA cuz they missed so many opportunity includin ETFs ADA next major resistance is 0.79$ and if BTC keeps lagging alts will follow the pump too
Long
by moonypto
LINKCrypto market has erupted from its sideways period. Bitcoin pushing all-time high and many altcoins following the trend. Almost all coins are having significant move. LINK can be one of many altcoins with solid fundamental. It covers some of trending crypto narratives that include Defi and RWA. LINK is also operating through many collaboration around the globe. Price action wise, it is pretty simple. Breaking out from its trend line with supporting volume. Watch $30. SEND IT
Long
by HandyLim
2
Weekly Technical Analysis for Major Currency Pairs, Commodities,Introduction After a series of critical economic data that shook the markets and created a state of anticipation, attention is now focused on the future of gold, the US dollar, crude oil, and financial markets in general. Will we witness a bearish wave driving prices to lower levels, or will the bulls regain control and set new trends in the markets? In this weekly technical analysis, we will review the major movements of currency pairs, commodities, and indices for the current week, from Monday, November 11, 2024, to Friday, November 15, 2024. Currency Pairs 1. US Dollar Index (DXY): • The index remains positive, holding above the 104 level. A breakout above 105.50 could lead to higher levels at 107 and 109. 2. EUR/USD: • The pair is facing selling pressure below the 1.0800 level and may fall towards 1.0550 and 1.0400 if it remains below this level. 3. GBP/USD: • Staying below the 1.3015 level indicates a potential decline towards lower levels like 1.2710 and 1.2500. 4. USD/JPY: • If the pair fails to hold above 153 yen, we may see a decline towards 148 and 144 yen. 5. USD/CHF: • Stability above the 0.8700 level suggests potential gains up to 0.9000. 6. AUD/USD: • The pair is under pressure below 0.6580, which may lead to a drop towards 0.6400. 7. NZD/USD: • Prices below 0.6000 increase the likelihood of a decline towards 0.5850. 8. USD/CAD: • The pair maintains its upward trend as long as prices stay above 1.3060. 9. USD/TRY: • The pair is trading with a positive outlook. Holding above 34 lira per US dollar suggests potential gains towards 34.50 lira. Should this level be surpassed, we may witness new historical highs reaching 35 lira per dollar. Cryptocurrencies 1. Bitcoin (BTC/USD): • Bitcoin remains above the 71,000 level, and a breakout above 78,000 could lead to new targets at 83,000 and 90,000 dollars. 2. Ethereum (ETH/USD): • Breaking above 3,000 dollars may drive Ethereum towards 3,500 and 4,000 dollars, while a failure could push it back down. 3. Ripple (XRP/USD): • If Ripple succeeds in breaking 0.55 dollars, it may aim for 0.70 dollars. Commodities 1. Gold: • Staying below 2,700 dollars per ounce favors a decline towards 2,640 dollars. If no real breakout occurs, we could see levels at 2,600 and 2,550 dollars. 2. Crude Oil: • Oil may face further pressure if it breaks below 69 dollars per barrel, potentially targeting 64 and 60 dollars. 3. Silver: • If the 31 dollar level is broken, silver may drop to 29.50 and 28 dollars on a weekly basis. 4. Natural Gas: • Continued trading below 2.50 dollars could lead to a decline towards 2 dollars. Indices 1. Dow Jones Industrial Average: • Continuation above 44,000 could push the index towards 45,600 and 47,000. 2. S&P 500: • Breaking above 6,000 could drive the index towards 6,120, while failing at this level might result in corrections. 3. Nasdaq: • If the index breaks above 21,250, we may see a rally towards 22,400. 4. Russell: • A breakout above 2,420 could allow further gains towards 2,500. 5. FTSE 100: • The index might experience a drop if it fails to hold above 8,200, with a target of 8,000. 6. DAX: • The index needs to stabilize above 19,200 to avoid a decline towards 18,200. 7. CAC: • A break below 7,300 could lead to a drop towards 6,800. 8. Nikkei: • A break below 39,000 could lead to a decline towards 37,600. Conclusion This concludes our analysis for today. We appreciate your attention and look forward to your feedback, comments, and suggestions. Yours, Mohammed Qais Abdulghani, wishing you successful trading and profitable days ahead.
TVC:GOLD
by MohammedQais
Tellor | Data Oracle or Price Miracle? The TRB Mystery UnfoldsTellor is a decentralized oracle network designed to support DeFi. It primarily provides high quality, reliable price data by allowing parties to request off chain data, which miners then compete to add to the blockchain. The main Tellor smart contract tracks requested data over time, aiming to serve as a trusted data source for decentralized applications. TRB token has experienced a substantial price increase recently, with factors linked to its role as a decentralized oracle network driving the demand The main reasons behind TRB's recent pump are: Increased Demand for Decentralized Oracles: As TRB serves as the native token for the Tellor network, it allows users to access off-chain data within blockchain ecosystems, especially for DeFi (Decentralized Finance) projects. The growing demand for reliable data oracles in decentralized applications may be boosting TRB's value. Market Liquidity and Limited Supply: Tellor’s circulating supply remains low, contributing to price sensitivity and making it more susceptible to large price swings. High trading volumes combined with increased buying pressure can lead to rapid price escalations. Network Utility and Staking: TRB is used within the Tellor network for staking, rewards, and governance. Increased interest in staking TRB for governance rights may also be affecting its market price. Additionally, miners and data providers require TRB to participate and earn rewards, increasing the token's intrinsic demand. Speculative Investment and Market Sentiment: General market sentiment around TRB has been positive, with investors potentially betting on the project's growth and long-term utility in blockchain ecosystems. Strong market performance in broader crypto and a wave of renewed interest in decentralized projects could be contributing to this surge Major resistance: breaking 77$ resistance which was a huge warzone for trb bulls This combination of demand for oracle services, limited supply, utility based staking, and positive market sentiment explains the recent surge in TRB's value Dont miss this crypto bull market
Long
by moonypto
Dollar long to short (A controversial idea)It is no surprise that we have seen an influx of buyers in the dollar market since september when the news about Trump running for the election for a second time built alot of trust in the dollar. However, I don't believe this will last for very long. Market open we will see either one of two scenarios play out... scenario A: price will push up slightly causing a further BOS to the upside and taking ASH liquidity before then retracing into the 2H demand in order to mitigate the weekly supply deeper. Scenario B: Price will drop taking out the buyers from the 2H demand as this area is not yet validated by a structural break, price will then fill the 8H IMB and continue its push upwards into the weekly supply which is further validated against my XAU/USD breakdown. In conclusion, if not this week then within the next coming weeks we will see price react from this weekly supply or the weekly IMB above in order to continue in its overall downtrend. REMEMBER all it takes for the DXY to continue dropping is a major news event
TVC:DXYLong
by JamelCapital
XAU/USD to continue dropping?From both technical and fundamental analysis I believe we should be seeing the beginning of a gold drop. Gold has been nothing but bullish with extreme euphoric movement. Following Donald Trumps win in the American election we can expect the dollar to begin its bullish ascent meaning that its time for the XAU/USD to finally start its descent. from my charts we can see that I predict a slight bullish move from the market open reacting of an 8H Imbalance taking Asian high liquidity from the upside and reacting from another 8H IMB to ultimately continue in its downtrend at least until the daily zone that caused a previous break of structure to the upside.
OANDA:XAUUSDShort
by JamelCapital
Tellor Tributes | TRB The price of Tellor Tributes is $25 today with a 24hour trading volume of 100 million dollar. This represents a 42% price increase in the last 24 hours and a 75% price increase in the past 7 days. With a circulating supply of 2.5 Million TRB, Tellor Tributes is valued at a market cap of 65 million dollar. Tellor is a decentralized oracle protocol. Oracles are a key part of blockchain infrastructure that update valuable off-chain data, making it available for on-chain smart contracts.Tellor’s oracle supplies data that can be requested, validated and put on-chain permissionlessly with data reporters competing for incentives of TRB. Data reporters bring valuable information on-chain for a wide range of DeFi applications. TRB bulls successfully broke 19$ and we hit 29$ as well,the volume is good and most indicators are bullish
by moonypto
11