Nice XLM chart.I think that even though Lumens is quite an old asset, it will show itself again.
I am starting to work more often with MOTT and I am also starting to experiment with Linear Regression Oscillator .
We can see that the reversal signal has been received.
The price is confidently contracting above the invalidation level.
Let's pay attention to the range between 0.44 and 0.62 The most probable point of movement is somewhere between these two values. I mean ~0.50 average. Of course, the alt season could drive the price much higher, but a reasonable optimum lies between the two levels.
Think with your head always.
Oscillators
ALGO Analysis: Identifying Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the ALGO coin in the crypto market.
🗂 About the Project: ALGO is a blockchain-based project with its own ecosystem and blockchain. It is one of the popular networks for DeFi enthusiasts, and if you're interested in this space, you're probably familiar with this blockchain.
⌛️ Weekly Timeframe
In this timeframe, ALGO experienced a significant downward movement, currently stabilizing around $0.1572. The price has tested the $0.1547 support level multiple times. The volume has been fluctuating, showing signs of both accumulation and distribution phases.
📈 If the price is supported and candles stabilize above the $0.1547 area, we can confirm that the price trend has potential for a bullish reversal. The main resistance for confirming an upward trend is at $0.2808. For ALGO to have a significant pump, the price must stabilize above this area, allowing you to enter a buying position according to your trading strategy after confirmation.
📉 If the price returns below $0.1547, the next significant support is at $0.0992, indicating a continuation of the bearish trend.
📊 In both scenarios, candle volume must confirm the price movement, and there should be no volume divergence; otherwise, the trend will not be healthy.
⌛️ Daily Timeframe
In this timeframe, you can see more details of the price movement. As indicated, the price ranged for a long period on the $0.1502 support and, after a breakout and pullback, initiated another downward wave to the $0.1297 area. Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend.
Given the strong support at $0.1502, we can expect another bearish wave if candles stabilize below this area.
⌛️ 4-Hour Timeframe
In this timeframe, the price has pulled back to the $0.1605 resistance. Volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. This upward movement offers a potential entry point for a short position.
🔑 Key Levels: For a long position, the key levels are $0.1716, $0.1989. For a short position, $0.1502, and $0.1297 are critical areas where the price may react in the future.
💥 RSI Oscillator: The RSI is ranging between 45.73 and 51.84, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger.
🎲 My Strategy: Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, I prefer to open a short position on this coin as I always trade in the direction of the momentum. However, there's no necessity for you to do the same; everyone should trade based on their strategy and plan. This is a personal decision, and each trader must find their strategy.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
AVAX Analysis: Potential Price Movement and Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the AVAX coin in the crypto market.
🗂 About the Project: AVAX, or Avalanche, is a decentralized platform known for its high throughput and low latency, making it a preferred choice for developers building decentralized applications and custom blockchain networks. It's particularly popular among DeFi enthusiasts due to its unique consensus mechanism and scalability.
⌛️Weekly Timeframe
In this timeframe, AVAX has experienced significant movements. Recently, it saw an upward trend reaching a peak of 126.52, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, AVAX is at a support level of 20.83 after a correction phase.
📈 If AVAX stabilizes above 31.32, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 58.74. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if AVAX falls back into the range between 20.83 and 31.32, and stabilizes below 20.83, it indicates a bearish trend continuation. The next critical support level would be around 15.91.
📊In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
⌛️Daily Timeframe
🔍On the daily chart, AVAX ranged around the 31.22 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 21.49.
🧲Given the current setup, a stabilization below 21.49 could signal another bearish wave. On the flip side, if the price moves above 31.22, it could indicate the start of a bullish trend, targeting higher resistance levels.
⌛️4-Hour Timeframe
📈In the 4-hour timeframe, AVAX has pulled back to the SMA99 and reached the resistance at 30.98. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📉For short positions, the key levels to watch are 30.98 and 33.77, where price reactions could provide better entry points. For long positions, critical levels are 25.01 and 21.49.
RSI Oscillator
💥The RSI is currently ranging between 44.87 and 59.76 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Nifty & Bank nifty market predictions for next week || Nifty selA trading plan is a set of rules that specifies a trader's entry, exit, and money management criteria for every purchase. With today's technology, test a trading idea before risking real money. Known as backtesting,this practice allows you to apply your trading idea using historical data and determine if it is viable.
Incoming 40% correction on Gold / Silver ratioThe above 12 day chart a 40% increase on the Gold / Silver ratio since early 2021 within a rising channel is shown. A number of reasons now exist to suggest a strong reversal in that trend with an equal 40% correction. They include:
1) Hidden bearish divergence. This occurs as oscillators print higher highs with lower lows in price action. (Black arrows).
2) A rising channel breakout. The breakout in the Gold / Silver ratio is clear to see with a flag extension measuring a further 40% correction. The correction area is by no means the end of the correction. Look left.
3) It is not the first time a hidden bearish divergence has printed on the Gold / Silver ratio. The last flag breakout occurred in October 2010. Price action on Gold saw a 40% correction in the months that followed. Ask yourself, is the current Gold euphoria indicative of a new bull market or the contrarian call for the top?
Ww
Will StarkNet STRK revive from the dead zone? Hello, Skyrexians!
Today we have another one "perspective" crypto to overview. This is BINANCE:STRKUSDT token. Since Binance listing price dropped significantly and continue dropping now. Entire crypto market dump boosted the STRK sell-off. Today we will analyze in details this asset and try to understand will this coin pump or die. It's vital for successful cryptocurrency trading to consider all possible scenarios.
Looking at the most of ideas on this asset we can conclude that most of the crypto trading strategies gave the advice to buy this coin when price was above $1.5. Obviously, it's not profitable crypto trading strategies. Even automate crypto trading of most cryptocurrency trading platforms fails to predict the price of this asset because after dumping at 50% it continues dumping, which is not likely according to the most crypto trading algorithm. That's why most of automated trading bots and grid bot faced with losses for this asset.
The exception is the ai crypto trading bot which takes into account the Elliott wave, the key feature of successful crypto trading. Today we consider STRK price action using advanced technique. Let's go!
STRK dump structure
Let's use the 1D time frame to analyze this downtrend. Fortunately, it has the clear Elliott waves structure. Awesome oscillator helps us to find the most impulsive wave 3, this is the min value. After this the price formed the flat or triangle wave 4. If crypto has already significantly drop it tends to form the flat corrections without big retracement to the upside. This is because most of early bulls have been locked in their position and they shall be disappointed before reversal.
Now we can see three strong signs of trend reversal. Awesome oscillator crossed zero line after wave 3 bottom reaching, it has printed bullish divergence and the momentum now is upward. In most of cases these are enough to make a decision about the entering trade, but we will make the deep dive further in different indicators.
REN: Exploring Trends and Key Levels in the Crypto Market✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the REN coin in the crypto market.
🗂 About the Project: REN is a protocol that enables the transfer of cryptocurrencies between different blockchains in a decentralized manner. It aims to bring interoperability to DeFi by providing access to liquidity from various blockchains for DeFi applications.
⌛️ Daily Timeframe
🔍In this timeframe, the price has been ranging for a long period around the $0.04996 support.
📊Support and Resistance Levels:
Resistance: $0.05060, $0.05696
Support: $0.04442, $0.03936
💥The RSI is around 54.25, indicating neither overbought nor oversold conditions.
🧩Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend.
Recommendation: Given the strong support at $0.04442, we can expect another bearish wave if candles stabilize below this area.
⌛️ 4-Hour Timeframe
📈In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical $0.04960 resistance, which was the main market low in the previous cycle.
The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe.
🔑Key Levels: For a long position, the key levels are $0.04960, $0.05060, and $0.05696. For a short position, $0.04442 and $0.04500 are critical areas where the price may react in the future.
🎲RSI Oscillator: The RSI is ranging between 39.81 and 54.34, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger.
♟Recommendation: This upward movement offers a better entry point for a short position. Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, consider opening a short position as the trend aligns with the momentum.
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Hash rate capitulation in full effectThe hash rate capitulation indicator is showing full-on capitulation of the hash rate spurred by minors needing to pull back on the hash following the halving. The timing for price peaks following HRC flashes have been different, but HRC flashes are generally followed by increased prices (sometimes multiple Xs). I'd say the probability is very high that we will see higher prices in a few months.
Note: The trigger on July 6th, 2023 was near a bottom, but we did go sideways and then lower (FTX) for an extended period of time after that.
#ALICE/USDT SHORT ENTRY#ALICE/USDT SHORT ENTRY
Leverage: 3x
Entries: $1.515
Take profit 1: $1.490
Take profit 2: $1.417
Take profit 3: $1.296
Stop Loss: $1.603
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BINANCE:ALICEUSDT.P
Thanks
The sroced.
BITCOIN More Correction to 50-48KHello!
According to the daily chart,
we observe a double top, which indicates a further decline. also a pullback to broken trendline. so BTC can go lower , in the range of 50,000 to 48,000. ❌❗❌
This is the same strong resistance range that the price broke through a few months ago, leading to a significant rise. 📚💡
it is possible to see
some range candles too 📚💡
📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
AUD/JPY looks set to bounce from OS levelsAUD/JPY fell nearly -4.5% since the MTD high to today’s low. And as AU employment has raised the takes for another RBA hike – even if only very slightly – we suspect further upside over the near term. Besides, assuming the MOF did intervene on the yen on Wednesday, it seems unlikely to be followed up with more action today. And that could allow the yen to drift lower and provide a slight tailwind for AUD/JPY.
The daily RSI (2) reached oversold on Wednesday. Today we have seen prices open above the April high, dip beneath it and back again. This could suggest we have already seen the daily low. The 4-hour RSI (14) is well within its oversold zone, and two very negative delta volumes (bids – asks) suggests some bears got greedy on the way down. Besides, volumes were also relatively thin in the recent leg lower looking at the volume profile, hence the bias for a corrective bounce towards 106.
Bulls could seek dips within the prior 4-hour bullish pinbar with a stop below.
Could AUD/USD be getting ready to visit .6850?? - AUHere I have AUD/USD on the Daily Chart!
Since price last visited the 2023/2024 Fall Support Zone making a Divergent Low @ .63623 , it has continued to move higher finding Support at a Local Support Zone!
After this we see a New High @ .67141! Using the Fib Tool from Divergent Low to New High, we are given a Fib Entry Zone where Price has already corrected too!
Currently, we see price is now struggling with the Fib Kill Zone!
-All this Price Action is happening just under a Falling Resistance and with this much built up pressure I believe we could see price make quite a move to the UPSIDE!!!
At Market Open, Price had opened WAYY above our Falling Resistance making a GAP to FILL and price has already done that!
-Price now is also trading ABOVE the 200 EMA
-If price can continue to stay above the Kill Zone, I believe it will have a good chance at Breaking the Local Resistance Zone and then onto the Dec. 2023 Resistance Zone @ .6850 Levels
OverstrechedMeta is strong - to strong. It has been rising for 2 years without a major correction.
There was a correction of this year's rise at least and now we are trying to retest this year's high again. I expect this test to fail despite there is still some momentum.
The correction is required to get the market clean of the "weak hands" which hamper the finding of a fair value of the stock.
This correction may be long sideward movement. But with a change of the overall market sentiment a certain Fibonacci retracement may be expected.
Meanwhile the April decline has been retracedit may be the right time of another fall to begin.
Oil's Descent: Triangles, Elliott, Reversion, & BackwardationIn this analysis, we will delve into the oil market’s current state and explain why a significant reversal is imminent.
Contracting Triangle
Oil has been forming a contracting triangle since the beginning of May. The lead-up to the triangle was bearish, so statistically, the breakout should also be bearish. The upper extreme of the triangle is at $84.45, but prices could advance up to $87.67 before invalidating the bearish breakout.
Wave C of E of X
According to Elliott Wave analysis, contracting triangles form five waves (i.e., A, B, C, D, E). Typically, each of those five waves subdivides into a zigzag (i.e., A, B, C). We can clearly count five waves of the triangle and three waves of the final zigzag, indicating that the reversal should occur at any moment.
Mean Reversion
On the daily timeframe, oil has approached the overbought level on three different mean reversion indicators. It has been overbought since June 17, according to the Stochastic Oscillator, and it will be overbought according to RSI and Bollinger Bands at $85.09.
Backwardation
Backwardation, where forward contracts are traded below the expected spot value at maturity, often signifies a bullish outlook for crude oil. However, it can also indicate short-term market stress caused by buyers' panic over excess demand or insufficient supply. This scenario often results from an overreaction, and as future supply and demand expectations come into balance, the oil market tends to experience a selloff towards more rational pricing. Given the current strong state of backwardation in oil futures, this dynamic could unfold, contributing to the next market downturn.
Executing the Bearish Strategy
As this is a countertrend trade, risk should be tight, and one’s stop loss should be adhered to religiously. While unlikely, if prices were to continue their ascent, and you have a wide or flexible stop loss, you could experience a substantial loss.
I believe the best place for a stop loss would be just beyond the end of intermediate wave C at $87.68. If prices move beyond this level, it would invalidate the Elliott analysis and offer a strong indication of a bullish breakout from the triangle. As long as prices hold below this level, the outlook would remain bearish, unless a strong consolidation pattern forms near these highs.
If the analysis is correct and we do see a bearish breakout, prices could easily decline to $65, possibly lower. This would be a reasonably conservative target, but I am planning a discretionary exit as price action develops.
As for entry, this is a personal decision. I see three possible options:
Wait for prices to climb a little higher (less risk at entry if successful, with a chance of entering lower with more risk if unsuccessful).
Wait for prices to decline a bit to confirm the analysis (higher probability of a winning trade, with greater initial risk at entry).
Enter now (somewhere in between options 1 and 2).
Good luck, everyone!
EURNZD to continue in the upward move?EURNZD - 24h expiry
Our short term bias remains positive.
Setbacks should be limited to yesterday's low.
We look to buy dips.
20 4hour EMA is at 1.7921.
There is no clear indication that the upward move is coming to an end.
We look to Buy at 1.7928 (stop at 1.7878)
Our profit targets will be 1.8048 and 1.8068
Resistance: 1.7978 / 1.8061 / 1.8100
Support: 1.7925 / 1.7900 / 1.7870
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
KAS - the gift that keeps on givingI've been playing KAS for the better part of 2 years and for the life of me, I'm not sure why more people are not taking advantage of it. Over time, it has followed a nice logarithmic growth pattern (around 180 days), technical indicators show we are out of peak fear after the last impulse up, heading to peak greed. KAS continues to consolidate higher, now in the 0.18 range. I tagged-in at 0.10 and 0.11 recently so plan to sell above 0.20 cents with a stop loss around 0.16383 just to protect my current profits.
GBPNZD - Potential Perfect StormTaking a look at RSI on the 1 hour timeframe, it's obvious we are getting some bearish divergence after a strong week long rally.
This strong bullish price action was attributed to the RBNZ interest rate decesion last week where interest rates were left unchanges at 5.50%
However, later today we get the latest CPI data from New Zealand followed by UK's CPI data a few hours later. Could this be a potential perfect storm where New Zealand will show a surprise to the upside followed by a surprise to the downside with the UK?
If that happens, I would expect this ascending support trendline to break opening the doors for a reversal.
Time will tell but early clues are beginning to develop on the 1 hour timeframe with RSI.
That's it - That's all
Trade Safe.