Copper prices have rallied more than 20% this year as the market is tightening, moving above 4.800 for the first time in more than two years. Improving supply-demand dynamics can drive further gains, with the March 2022 record peak now in the spotlight (5.041). Concerns around output are high, as key miners expect lower production this year. At the same time,...
False Breakout, No reaction to SP:SPX growth. Indicators RSI, MACD show signs of trend weakening. Media background neutrally negative. Oil production cut made crude oil spike up, which may negatively affect stock markets, hence already weak BINANCE:BTCUSDT as well. I'm in short from 28800, targets 25300 - 24300. Stop loss 29200.
Hello Traders!!! I hope you are all having a wonderful start to 2023 Today we are trading XAUUSD where we have found a solid zone for a long. Why are we entering? - We are in Bullish wave C of our correction which is the final wave - We are expecting a rejection from our 0.5 fibonacci level before heading up in our final subwave 5 What is our confirmation? -...
Hello Traders As you can see in the chart above, we predicted the market correctly in the previous post. Now we expect a correction to lower levels. On the Onchain side, I put a metric called ASOL; Average Spent Output Lifespan, which shows the average age (in days) of spent transaction outputs. The metric value has spiked today, meaning that old wallets (UTXOs)...
Technical indicators are not as important in this case, but Luna broke through the green cloud on the weekly and on the daily is this represented as a red cloud. From a fundamental point of view is the price of Luna going to reach zero, but this destabilization period on Luna is high dependent on the case of UST gaining or losing its dollar peg. The UST peg is...
EUR has gained momentum due better than expected news, price has formed order block and I'm waiting for price to be clear and looking to book 50P - 100P
Hello everyone :) I hope you are all doing well. I wondered which is the most interesting instrument suitable for analysis this week and concluded that it is definitely EUR/USD. Cristhine Legarde surprised the market last week when she did not rule out an increase in interest rates this year (although it could be in the last quarter of the year, but it is still...
Hello there! 👋🐹 Happy November 🍁 Lets talk FIL 🤸♂️🏃♀️ Filecoin recently displayed bullish behavior🐮, breaking from a 3 month descending triangle pattern. 🆗 Trade invalid if we break below our light blue trendline at ~ $55. In the near future, I expect to see an attempt to climb above $78 where we may see some resistance. If we are successful in...
already holding a position will buy some calls!
hot sector and under 20 mil free float!
Now, the effect of the major short squeeze has worn off. Where will BTC go now? 5 months of downward price movement with low volume and volatility is worrisome, but the recent breakout of the downward trend would remain a lone silver lining of this distribution period if BTC can fend off the 8k retest. BTCUSD realized volatility_10 day is 1/3 of what it was...
Entering a short NZDCAD position following the volatility candle break down, targeting prior lows from October 2018.