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GBPJPY still gives bearish sentiment$$$Took a short yesterday that went according my analysis. After a retracement and doing further analysis my bias is still leaning heavily towards the downside. The monthly nor has the weekly high been breach to make a new higher high. Right now, i'm looking at a rejection on the 4hr and 1hr timeframes that looks to be hitting resistance inside of a fair value gap. My intentions is to dropdown into a lower time frame and look for an entry to short the market. The Asian and London highs has been breached absorbing liquidity in the form of buystops. After a low or high is taken price usually runs up about 20-30 pips more before making a correction or trend reversal. Everyone have a safe and productive trading week!!!
Short
by DTradesFX2
PINS, STRIKE, SPARE OR GUTTER BALL? YOU DECIDEThe important stuff kept quick. Yellow line = guideline, one of many possible outcomes, helps me with backtracking, it should not be followed, instead focus on trends and price targets Green = support, expect bounces Support trends = 1 weak short term support likely to fail, but backed up with a much stronger trend. Weekly RSI dropping, Likely only one decent move to the upside left. IMO, lots of risk in bullish positions where profits aren't quickly taken. There is downside showing all the way to $12. There is upside showing to $54, but 43 and 48 are more likely. Good luck!
NYSE:PINS
by nicktussing77
Are NFT Marketplaces a trend today? Which assets to choose? The anticipated release of $BLUR could force traders to reevaluate the NFT marketplace sector and create a wave of growth. In this article, we will gather the main assets from the NFT marketplace sector and compare their metrics and products. The major players in the sector, the two biggest players OpenSea and Blur have no token LooksRare ($LOOKS) Price: $0.3 ATH Price: $5.3 Market.cap: $145m ATH Market.cap: $757m FDMC: $308m Although $LOOKS is one of the largest companies in the sector, it is risky enough to buy the token. $LOOKS has a large number of stakers, some of whom bought and accumulated the token at lower prices The $LOOKS token has risen 131% in the last 3 months. SuperRare ($RARE) Price: $0.17 ATH price: $3.1 Market.cap: $56m ATH Market.cap: $317.8m FDMC: $170m One of the most popular niche marketplaces where unique art is traded, not collections. It is also interesting because it's listed on Binance, and Binance retail investors are willing to buy anything that's trending and can give profit. $RARE token is up 92% in the last 3 months X2Y2 ($X2Y2) Price: $0.21 ATH price: $3.2 Market.cap: $38.6m ATH Market.cap: $300m FDMC: $209m It is the largest volume marketplace after Blur and OpenSea, but its token is lower by all metrics than $LOOKS, for example. It can be considered as a potential alpha for narrative growth and one of the hidden gems along with $RARE. $X2Y2 is up almost 400% in the last 3 months. Rarible ($RARI) Price: $2.27 ATH price: $45 Market.cap: $867m ATH Market.cap: FDMC: $56m One of the oldest projects of the sector. It has the smallest metrics for today.. RARI token has risen 34% in the last 3 months A little bit about $BLUR The Blur project now is a direct competitor to OpenSea, whose capitalization was estimated at the market peak in 2021 at ~ $1b. The release of $BLUR with roughly the same performance for FDMC may prompt the rest of the market to review token prices for projects from the same segment and, even more interestingly, may prompt OpenSea to give up issuing shares and going public and move to prepare for a token issue so as not to lose its position in the market Conclusion This year may be a pivotal year for the entire NFT sector. The largest companies in the real sector have increased their presence in this market and almost all of them have their own initiatives for denser integration. The possible token rally of NFT marketplaces could be just the beginning of this trend Share your thoughts about NFT projects in a comments section, whether it worth trading/investing or not. Maybe you did some profit with it and you're ready to share your experience. Also check links and start trading with us! Thank you for reading!
Education
by Samura0x
8
$IOST/USDT 4h (#BinanceFutures)Falling broadening wedge breakoutInternet Of Services Token looks good for bullish continuation after regaining 100EMA support! Current Price= 0.026028 Buy Entry= 0.025961 - 0.024841 Take Profit= 0.028987 | 0.032609 | 0.036183 Stop Loss= 0.022522 Risk/Reward= 1:1.25 | 1:2.5 | 1:3.75 Expected Profit= +28.24% | +56.76% | +84.90% Possible Loss= -22.66% Fib. Retracement= 0.618 | 0.786 | 0.883 Margin Leverage= 2x Estimated Gain-time= 3 weeks Tags: #IOST #IOSTUSDT #IoT #DApp #NFT #Maketplace #Hardware #Wallet Website: iost.io Contract: #Mainnet
Long
by TradingOn
LRC Looks prime to test previous ATH ($2.51)Good afternoon traders! Just a little bit of fibonacci levels here, LRC is currently presenting a potential bull flag following the breakout of the falling wedge. Stop loss is set just a few percent below the 0 level, with my average entry at 1.073. A solid entry point seems to be a close on the 15m above this current fib level, with adequate volume and momentum. Looking to see Loopring push up to it's previous ATH being $2.51 with the GameStop NFT marketplace news expected to drop shortly. I currently don't have any targets if/when we break ATH, I want to see how it plays out. Good luck traders!
COINBASE:LRCUSDLong
by fayedfinance