DOT returned to support at the price $ 18.65Hi, let's take a look at the 4H DOT / USDT chart. We can see that the DOT valuation has dropped below its previous support and below the local uptrend line.
We can currently designate 3 levels of support at prices: $ 18.65, $ 17.41 and $ 15.83. The DOT price has rebounded from the first support and remains at $ 19.
Looking above, it is worth determining the 3 resistance points that price has in front of it on the poisomes: $ 19.74, $ 20.37 and $ 20.91.
It is also worth paying attention to the CHOP indicator, which shows a decrease in energy in the 4H interval and the MACD indicator, which shows that when the blue linen cut the red one from the top, the price began to drop.
Fundamentales
ICP - Massively underrated project with huge upsideHey! Il keep it simple on ICP, check the chart to see my comments.
I have made a huge research on this project and from what I have gathered I am 200% in on it for the short term and long term.
I believe ICP can reach a target of 500-1000$ by end of this year and up to 2000$ on 2022.
ICP plans are like the start of the 90's when internet was something that no-one had seen before and if they succeed then it will be as large as if not larger than BTC or ETH, raking it in the top5 coins in next year or two. But this is a bullish scenario if the whole market moves up.
Basically it will be the blockchain mother of all new blockchains in the future, bringing true decentralization. As we know currently none of the crypto projects is truly decentralized because the whole internet is managed by few huge companies and ICP plans are to change that and give back the power to the people.
This is not a pump shill fun coin , this is a massive project with real world problem solving solutions and they are pioneering the way.
I agree to disagree with you if our thoughts are not the same. This is my personal opinion on what I have researched. I even can't comprehend the tech that is behind it. There is a lot new to learn.
So the Technical at the moment:
Possible drop to 26-35 range and then heading up.
Best scenario we hold the 40 zone that is a strong support at the moment and we go up from this point.
Worst scenario it goes to bear market and drops even under 26. In that case I would be happy to buy even larger bags.
Thanks and have a wonderful day and safe trading!
Hit a like and follow if you support my idea. :)
The most important words you need to know in fundamentalsHello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
What Is Fundamental Analysis?
Fundamental analysis (FA) is a method of measuring a security's intrinsic value by examining related economic and financial factors.
Fundamental analysts study anything that can affect the security's value, from macroeconomic factors such as the state of the economy and industry conditions to microeconomic factors like the effectiveness of the company's management.
The end goal is to arrive at a number that an investor can compare with a security's current price in order to see whether the security is undervalued or overvalued.
This method of stock analysis is considered to be in contrast to technical analysis, which forecasts the direction of prices through an analysis of historical market data such as price and volume.
Now you know what is fundamental analysis, But before you start to learn more about it, Its better to know the important words that authors use in their articles !
📚 On this Article you'll learn about 25 of them and we'll continue to post the other in next educational posts; It's easier for you to read and remember !
1. Assets: Capital that is frozen as in property, real estate or possession.
2. Bearish: The falling trend of assets and shares in markets.
3. Bonds: Governmental bonds that ensure a fixed rate of interest in often long
term investment.
4. Boycott: To protest by refusing to purchase from someone, or otherwise do
business with them. In international trade, a boycott most often takes the form of
refusal to import a country's goods.
5. Bribe: A payment made to a person, often a government official such as a
customs officer, to induce them to treat the payer favorably.
6. Broker's fee: The fee for a transaction charged by an intermediary in a
market, such as a bank in a foreign-exchange transaction.
7. Bubble economy: Term for an economy in which the presence of one or
more bubbles in its asset markets is a dominant feature of its performance.
8. Bubble: A rise in the price of an asset based not on the current or prospective
income that it provides but solely on expectations by market participants that the
price will rise in the future. When those expectations cease, the bubble bursts and
the price falls rapidly.
9. Budget deficit: The negative of the budget surplus; thus the excess of
expenditure over income.
10. Budget surplus: Refers in general to an excess of income over expenditure,
but usually refers specifically to the government budget, where it is the excess of
tax revenue over expenditure (including transfer and interest payments).
11. Bullish: A rising trend in the significant increase of funds and shares in the
stock market.
12. Capital: the large amount of money or investment.
13. Capital loss: The loss in value that the owner of an asset experiences when
the price of the asset falls, including when the currency in which the asset is
denominated depreciates. It contrasts with capital gain.
14. Cartel: An agreement among, or an organization of, suppliers of a product. A
group of firms that seeks to raise the price of a good by restricting its supply. The
term is usually used for international groups, especially involving state-owned firms
and/or governments.
15. Cash dividend: Cash distribution of earnings to stockholders, usually on a
quarterly basis.
16. Commodity: Could refer to any good, but in a trade context a commodity is
usually a raw material or primary product that enters into international trade, such
as metals (tin, manganese) or basic agricultural products (coffee, cocoa).
17. Compensation: whoever violates agreement rules must compensate other
countries by lowering tariffs or making other concessions, or be subject to
retaliation.
18. (CSR) Corporate social responsibility: The responsibilities that corporations
have to workers and their families, to consumers, to investors, and to the natural
environment.
19. Corporation: Form of business organization that is created as a distinct legal
person composed of one or more actual individuals or legal entities. Primary
advantages of a corporation include limited liability, ease of ownership, transfer,
and perpetual succession. A business form legally separate from its owners. Its
distinguishing features include limited liability, easy transfer of ownership,
unlimited life, and an ability to raise large sums of capital.
20. Decline: The falling of stocks or prices in the market.
21. Breakout: The breakout of a virus or the breakout of a war.
📚 There's a difference between this breakout with the breakout we call in chart analyzing !
22. Minutes: The report from a meeting. (minutes from Fed’s meeting will be
released)
23. Consolidate: The prices are reaching a plateau and becoming more stable.
(the prices are consolidating)
24. Stimulus measure: The government is giving the banks a stimulus measure
to be bailed out for the financial crisis.
25. Retreat: The management is retreating from their initial position to deduct
the salary of the workers. (it's an example of retreat)
📍 We'll continue this series of educational posts in next days, STAY TUNED and don't forget to follow this idea, So you'll be notified after I post the new one...
Hope you enjoyed the content I created, You can support us with your likes and comments 😉🙋🏼♂️
Have a good day!
@Helical_Trades
LOGAN PAUL PARTNERS WITH $SUPERBID - WHAT'S NEXT?This is not a joke. Chart is looking great, consolidating under ATH and...
LOGAN PAUL JUST WENT LIVE ON INSTAGRAM ANNOUNCING HIS PARTNERSHIP WITH $SUPERBID, THE FUNDAMENTALS BEHIND WHAT IT ACTUALLY DOES (SOCIAL MEDIA AUCTIONING APP GOING LIVE IN JULY).
The marketcap is only 50m. The mix of platform fundamentals, phenomenal/ influential team, and marketing genius is making 500 marketcap a no brainer. I'm expecting $1B real quick.
Logan Paul will be wearing "$SUPERBID" on his shorts during the fight in Miami vs. Floyd Mayweather. This is going to be insane publicity. After the fight, they have several HUGE things planned:
They just signed a brand name rapper that will be selling a feature for their new album on SUPERBID
Phase 2 starts after the fight
-Giving away stuff from the fight
-Giving away an experience where Logan Paul fly's you out to Puerto Rico for a crazy weekend
Several superstars already signed
-Multiple features with major rappers
-Experiences with NFL/ NBA players
Their app goes live in July
Get it on Uniswap with ETH.
www.coingecko.com
Uniswap link below:
app.uniswap.org
BEST TO ALWAYS USE THE UNISWAP LINK ON COINGECKO TO AVOID PHISING.
USD/CHF - ShortThe possibility we could see price bounce off the support, to resistance and 0.382 Fibonacci level before the downtrend continues.
the entry point would be after:
Confirmed rejection at resistance and the 0.382 fib level (0.9050)
Bearish confluence among indicators (MACD, RVI)
Always in line with 4H EMA and the overall trend of currency (bearish)
Ensuring that any economic news surrounding USD is predicted in our favour or avoid the trade if the data forecast is agaisnt us.
GBPHKD Weeklies View The market
GBPHKD mine own perspective so what's your consideration on the price movement please comment in the below section ?
I believe that. So what is your expectations in comment below.
So guys Let's look at it 😍😍😍🥰😍😍😍😍 with #hasanat_hussain_al_ahmed_hasan
Learn forex then thought to does earn
Stay With me
Stay With trading
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BTC Weekly Outlook (FA & TA)First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you!
Key Fundamentals:
1. Smart money action:
The on-chain smart money actions are now stable at a bullish level. This is similar to the on-chain developments before prior bull runs. Institutional investors showed picked up interest in the crypto space as Grayscale raised $900M in Q2 (its ATH quarter since inception). For the short-term, a correction is needed as institutional traders on CME remains bearish and the drop in net position last week indicates an overvalued 11k price for the shorter term.
2. Miner action:
Both hash rate and difficulty have recovered, and miner capitulation has ended. With miner capitulation historically marking market bottoms, this is a bullish long-term sign.
3. Market Sentiment:
Overall market sentiment is now overstretched, and a sentiment calm down is needed. For the seller group sentiment, this group is still selling in profit and remains in a bull trend. Buying the dip is simple in this type of market: wait for the price approaching seller group purchasing price --> decrease in supply --> increase price.
4. Margin Market Actions:
Potential long squeeze alert in place. This is bearish for the short term.
5. SPX correlation
I don’t think SPX is going to experience a major correction anytime soon. Q2 numbers didn’t cause much of a market impact. What this means is the current price level already has the negative COVID impact priced in. The market runs on expectations rather than actuals.
6. CME Gap
90% of historical BTC CME gaps get filled sooner or later (generally created by weekend BTC movements when the CME’s closed). The drop we’ve just seen is also another gap filling action. So be careful about the 9.6-9.9k gap. This hasn’t been filled yet, and probability speaking, it’s likely to be filled soon.
Key Technicals:
1. Key support at 10.5k and 9k.
2. 5 Elliot wave to the upside likely finished
3. RSI now showing extremely bullish signs. (2D, 1D)
(Be careful shorting with RSI bearish divergences. Once RSI is extremely bullish, bearish divergences can keep on developing with price making new highs. In this type of situation, the key is waiting for the MA failure (instead of bearish divergence) for a trend reversal identification.)
Do you agree or disagree? All thoughts and critics are welcomed!
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🌐 We believe in the power of blockchain data analysis!
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USOIL 40.35 -0.58% MULTI TIME-FRAME IDEAGood Day Everyone
Here's a look at the USOIL from multiple time-frames
MONTHLY
* as we start with the monthly the usoil has been respecting the Fibonacci retracement structure thus far currently trading at 61.8% Fibonacci level looking for a rejection of this level then continuation to the upside but it looks like the bull are in play as momentum to the upside was strong so the USOIL could still just continue rallying up but everything is possible as fundamental outlooks can change the whole spectrum.
WEEKLY
* coming down to the weekly we start getting a clearer picture where by we are currently trading in a ascending triangle structure / pennant formation which could be signalling continuation to the upside or even reversal depending on the fundamental data and investors sentiments on the USOIL, A BREAK below structure will signal that rejection move and a break above momentum continues to push with the bulls.
DAILY
* On the daily the sentiment is still more or less the same as on other time frames the picture just becomes clearer as we are in an ascending channel with an ascending triangle. oil could go either way hence i"ll remain neutral and see how it goes.
waiting on oil.
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
BTC: Don’t be bearish yet!First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you!
Trend: Still bullish
We believe the bear trend ended in December 2019. And if COVID didn’t happen, the bull trend starting point would have been the 7k range last year. Miner capitulation and on-chain volume cycles are two of the most accurate fundamental cycle measurements, and these show strong bullish signs since 7k. Is there a chance to turn to bearish trend? Yes, absolutely. However, we haven’t seen enough confirmations. Every bull-to-bear trend switch starts with a correction, but if every correction is seen as a trend switch, not much profit could be made out of the bull run. The way we are looking at this is CONSISTENTLY trading all corrections until getting stopped out on the last one.
Key Fundamentals:
1. Smart money action:
The on-chain smart money actions are now stable at a bullish level. This is similar to the on-chain developments before prior bull runs.
2. Miner action:
Both hash rate and difficulty are recovering, and miner capitulation is ending. With miner capitulation historically marking market bottoms, this is a bullish long-term sign.
3. Overall Market Sentiment:
Overall market sentiment is turning bearish.
4. Seller Group Only Market Sentiment:
Selling in profit and in bull trend. We kept picked up alerts of decreasing selling pressure in the past few days, and this is bullish for the short term.
5. Margin Market Actions
Just got a potential short squeeze alert yesterday. This is bullish for the short term.
6. SPX impact:
See the ideas linked at the bottom.
Key Technicals:
1. Trendline crossover below (both significant as strong support and potential reversal timing)
2. Target: 10k for this week
3. Wave developments:
We’ll likely keep on developing wave4 this week, fluctuating between 8.7k – 10k.
4. RSI:
At key bull trend support. Also 2 strong bullish reversals occurred (price higher low + RSI lower low).
Do you agree or disagree? All thoughts and critics are welcomed!
==============================================================
🌐 We believe in the power of blockchain data analysis!
==============================================================
BTC: FA & TA SetupsFirst of all, please support our work by smashing that like button or following! These really help us to reach more traders like you!
Summary:
We think BTC will likely fluctuate within the 9k – 10.5k range this coming week. The fundamentals are looking more bullish compared to last week. From the technical analysis perspective, we believe we are at key support, with a 0.4-0.5k bear trap zone beneath.
Key Fundamentals:
1. Smart money action:
We are now seeing pickups in the on-chain smart money actions. With on-chain vol finding support and stabilizing, we are bullish for the long term.
2. Miner action:
Both hash rate and difficulty are recovering, and miner capitulation is ending. With miner capitulation historically marking market bottoms, this is a bullish long-term sign.
3. Overall Market Sentiment:
Overall market sentiment is quite rational right now with not much bias.
4. Seller Group Only Market Sentiment:
Selling in profit and in bull trend. We picked up alerts of decreasing selling pressure a few days ago, and this is bullish for the short term.
5. Margin Market Actions
We have a potential for short squeeze. This is bullish for the short term.
6. SPX impact:
See the ideas linked at the bottom.
Key Technicals:
1. Strong support at trendline crossover
2. Target: 10.5k for this week
3. Wave developments:
We’ll likely keep on developing wave4 this week, fluctuating between 9k – 10.5k.
4. Oscillators at key support
What’s your view on the week ahead? Do you agree or disagree? All thoughts and critics are welcomed!
US 30 Short cont.Good morning here in NYC.
We see that we have started our reversal. Resistance seems to be strong. We can see price action near the highlighted area. A double top has formed on 4H. Looking at Daily we see confirmation.
Macro: China has had a second wave and now U.S. expects that there could be a second. Companies and economy will be effected. As DJI30 consists of 30 companies that were previously affected by the first wave-we can see a recurring event take place.
Please feel free to collaborate with my analysis and give input.
Thanks!
Coffe fundamental analysis-The strong increase in coffee prices is due to the strengthening of BRL and the fear of frost
-The Brazilian hurricane delayed harvest, which could lead to a deterioration in crop quality
-Coffee consumption has risen to historic highs, but it is not yet visible at coffee bars
-Farmers receive only 10% of the final consumer price, so they don't get too much from growing demand
-In contrast, large coffee makers such as Nestle or Starbucks generate huge profits
-This year, the International Coffee Organization ( ICO ) reduced the surplus by 7.5% to 3.4 million bags.
-From the market situation we can see that long positions increased while short positions decreased
-Coffe stocks in American ports fell, a similar situation in 2013 followed by a strong coffee exchange rally
-Farmers receive only 10% of the wholesale price of coffee . Current low prices may cause some South American farmers to collapse. In the long run, this can support a rise in coffee prices.
-After several months of coffee reserves in American ports, this may remind us of the situation in 2013 and 2014.
-I set my first tp at 120, second at 125, i show only my second tp at my chart, but I think you can set to 150 or more.
[Potential] GBPCAD: Brexit & Oil Outlook DivergesGBPCAD Outlook
Technicals:
- Stochastics is in Overbought conditions
- Price action close to a Short-Term Resistance Trendline (may break if Brexit causes volatility)
Fundamentals:
- Brexit uncertainty in its final stages may cause some volatility and may cause price to test the Horizontal Resistance Trendline
- On a longer perspective, delay in Brexit transistion actually affects the UK economy more as corporates hold back capital expenditure to improve the GDP while CAD is likely to gain from further positivity from US-China trade talks and OPEC plans to cut supply to maintain stable oil prices.
We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success.
*This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.
[Potential] EURUSD: Awaiting Brexit's Future PathEURUSD Outlook
Technicals:
- Stochastics moving into Oversold conditions
- Price action close to a Short-Term Resistance Trendline (not a strong trendline and may break)
Fundamentals:
- Brexit uncertainty in its final stages may cause some volatility on the EUR pairs and GBP pairs; causing it to break the ST Resistance Trendline
- On a longer perspective, a weaker dollar outlook from the more dovish FED whom are likely to stay put due to economic datas not released from the ongoing govt shutdown. The chances of FED continue to hike continues to fall and this gives opportunity for carry trades to flourish.
We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success.
*This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.
EURCAD: Price Retracing Against 61.8% Fibo levelEURCAD
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Bearish candle formations
- Price at 61.8% Fibo levels of previous High - Low
- Stochastic Overbought momentum
- Fundamentally, positivity is slowly returning to improve sentiment about global demand which is likely to spur oil prices and with OPEC looking to react to such low oil prices, CAD strength is likely.
Suggested Trade:
Entry @ Area of Interest 1.5500 - 1.5650
SL: 1.5734
TP: 1.5213
RR: Approx. 2.08 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
USDCAD: Weakness in oil overdone?USDCAD
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Price action at top of Resistance line of Parallel Channel
- Widening of EMA
- Stochastic Overbought momentum (W1, D1 & H4)
- Fundamentally, market is starting to expect FED to be more dovish in their hiking path, and may steer USD weakness. Global demand is weaker which has affected oil prices but the move seems extreme.
Suggested Trade:
Entry @ Area of Interest 1.3440 - 1.3500
SL: 1.3521
TP: 1.3252
RR: Approx. 3.56 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
USDSGD: Risk-On Trades Back into Play?USDSGD
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Stochastic has yet to move into Oversold conditions
- Breaking Support Trendline (since April 2018)
- Fundamentally, with positivity the outcome from the temporary truce between Trump-Xi and a more dovish FED reduces the drag on global demand and is positive for the Asian region. The SGD is a trade-weighted basket and has high correlation with CNH and EUR. This two correlation will also benefit from the improved sentiment that we have.
Suggested Trade:
Entry @ Area of Interest 1.3680 - 1.3750
SL: 1.3813
TP: 1.3472
RR: Approx. 2.87 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Gold: Bears now eye the $1,201 50% retracement
Gold is stationary in Asia on Monday as the markets consolidate with a US holiday to get through before key events such as US CPI will hit the slate.
Gold has been suffering on higher US rates and the recent Fed comments which have been supporting the upside bias in the dollar.
If bears can stay below the 50-D SMA now at 1210, having broken the 38.2% target and the 30th Oct stick's lows at $1,212, the next key target is the $1,201 50% retracement. Bulls will need to get back above the $1229 (key pivot) area that then opens $1243 (Oct. 26 high) before the $1250 (psychological level) and the July high $1,266.
EURUSD geared for a run south of 1.1300
Italy has until Tuesday to submit a revised budget draft to the EU.
Italy-German yield spread looks set to rise in the EUR-negative manner as Italy is unlikely to revise lower its expansive budget deficit target.
The EUR/USD is trading near 1.1325 after taking an early-Monday plunge into near-term lows as the broader market opens the new trading week with risk appetite notably skewed into the downside, and the 1.1300 major handle is going to be a key point of contention heading through the week.
CADCHF Buy The Canadian Dollar is having its best day since September 28 (when it became clear Canada would join the United States and Mexico in the USMCA) after the Bank of Canada not only raised rates by 25-bps – a move that was widely expected, with overnight index swaps pricing in a 92% chance ahead of the meeting today – but offered its clearest signal yet that it was considering embarking on a more aggressive rate hike cycle as the calendar flips to 2019.
CAD should run bullish for another 30-50 pips today but we just want to grab 15 pips. Trade with CAUTION
Entry: When price closes above 0.76651
TP: 0.76811
SL: 0.76394