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Delving into the Depths: Bitcoin & POLS Analysis📅 Today, we're diving into the analysis of POLS, a coin suggested by one of our followers in the comments of yesterday's analysis. If you have a coin in mind that hasn't been analyzed yet or if the analysis is outdated, let me know in the comments, and I'll be sure to provide an analysis for you. But before that, as always, let's start with Bitcoin. 👑 Bitcoin Analysis 🔍 I'll analyze Bitcoin in the 1-hour timeframe, as usual. Yesterday, the 61273 trigger was activated, and it's likely now in a risk-to-reward 1 area. As I always say, the first target should be at least a risk-to-reward of 2, as I don't find 1 or 1.5 risk-to-reward ratios worthwhile. So, if you opened a position with yesterday's trigger, I suggest keeping it open. 📊 New selling volume is entering the market, and in the last two strong candles, significant selling volume has entered. 📉 If you don't have a position and want to open a short one, the 60635 trigger can be very suitable. However, I prefer it to test this support again and break it next time, as this would make me more confident in the trigger. The RSI trigger is also being activated at 35.86, which will likely confirm the entry before the price does. 📈 For long positions, we still need more space and structure, but I think a suitable structure for a long position will form by tomorrow, and I'll discuss it then. 💎 POLS Analysis 🔍 Now it's time to analyze POLS. The analysis will be done in the daily timeframe, but I'll also check lower timeframes for futures. First, let's review the project. 🗂 The POLS project is a blockchain-based platform that provides infrastructure for new projects to conduct presales and raise funds for their projects. Projects on this platform are very risky, and most of them fail, but if you have the necessary knowledge to evaluate projects and conduct your own research, you can discover new market gems and earn significant profits after their tokens or coins are listed. Additionally, the gam3s project is a subset of this project, acting as a game launcher. Just as the main project is a platform for viewing and purchasing blockchain projects, gam3s is a platform for viewing and purchasing crypto games and Play-to-Earn games. 🎲 In the daily timeframe, POLS had a long-term range box, and after breaking the box from below, it started its downtrend, forming a descending trendline from the price lows, which can be considered as the target for each wave. The SMA25 has also effectively supported the price in this trend, preventing it from losing its bearish momentum. Currently, the selling volume in the market is decreasing, indicating that these moves could be among the last in this cycle. For the downtrend to continue, selling volume needs to increase again, and ideally, the RSI should break the 27.32 support to bring bearish momentum into the market. 🪤 There was a Fake Breakout from the 1.1738 ceiling, which initiated the bearish move. I want to talk more about these fake breakouts. The analytical use of fakes is such that each fake breakout has a trigger, which in this example, was the 1.0577 trigger. After breaking this trigger, we can say the market turned bearish. The reason is that buyers broke the resistance and gained control but couldn't maintain it, resulting in a lower high and introducing bearish momentum into the market. 🛒 For spot buying, considering the bearish market, there are no resistances yet for this coin that would make a spot purchase logical. The closest trigger for a spot buy is 0.7492, which is quite far, and before that, the price will likely form a new structure and provide a lower entry point. 🚀 For futures trading, it's better to look at the 4-hour timeframe. ⚙️ In this timeframe, another fake breakout occurred, but in this example, the trigger wasn't activated, and the price is moving downward again. 📉 The short trigger for this coin was 0.5515, which has been activated. The target for this trigger could be the trendline drawn in the daily timeframe or the static support at 0.4636. The trigger for this move in the RSI is 38.06. 📈 For long positions, the 0.5728 trigger is suitable, but the price is far from it and might reach it in a few days. 📝In conclusion, the market conditions indicate potential short opportunities for Bitcoin while POLS shows promise for long positions if the resistance is broken. Always remember to use appropriate risk management techniques and adhere to your trading strategies. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 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.
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by itsparham96
1
SPX500 is oversold on the hourly chartThe SPX500's daily chart is still trading in a bullish zone. The hourly chart has pulled back to oversold territory suggesting a bullish snap-back may be due. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com) : Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:SPX500Long
by FXCM
USDCHF Tests Critical Resistance on Dovish SNBHaving pivoted away from its tightening cycle in March, the Swiss National Bank delivered the second straight rate cut last week, making it a frontrunner in the shift to monetary easing. Officials also lowered their inflation forecasts, creating scope for more moves ahead. Its US counterpart on the other hand, is reluctant to pivot due to stubborn inflation and Fed officials see just one cut this year. This monetary policy divergence is beneficial for USD/CHF, which surges after the SNB back-to-back rate cut. It now tries to take out a pivotal resistance cluster, comprising of the EMA200 (black line), the 38.2% Fibonacci of the last decline and the daily Ichimoku Cloud. Successful effort will give control back to the bulls and allow them to look towards the 2024 peak (0.9225-46), but this may prove elusive in the near term. On the other hand, with two rate cuts already under their belt, Swiss policymakers may become less bold. Furthermore, the Fed may have adopted a higher for longer stance, but still sees less restrictive stance ahead and markets are more optimistic, pricing in two rate cuts within the year. Overbought conditions indicated by the RSI and the aforementioned critical resistance confluence, can put pressure on USD/CHF. So a pullback that would challenge 0.8825 would not be surprising, but deeper losses towards and beyond 0.8730 are not compatible with the monetary policy dynamics. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
Long
by FXCM
ENGRO | Testing 200 EMA📰 On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish reversal from this point can be anticipated. Such a pull back typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram needs to transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 339. Subsequently, the price may break and sustain above 340 level before testing next resistance of 359. 🛑 It is essential to note that the analysis will no longer hold validity once the support area breaks at 300. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
PSX:ENGROLong
by mbaberhanif
Nikkei reversal risk with futures extremely overboughtNikkei futures are extremely overbought on a 4h timeframe having surged to more than two-month highs earlier Wednesday. On each of the past five occasions RSI has exceeded 77, as it has today, it has coincided with a near-term market top. By coincidence, today’s rally stalled at 39775, a level that acted as both supply and demand on multiple occasions earlier this year, including when last tested in April. While it goes completely momentum and comes just a few days before quarter-end, a short setup has presented itself. Having missed an earlier entry opportunity when futures failed above 39775, I’m prepared to wait to see whether we get another test during the European or North American session. If we were to fail again at 39775, you could initiate shorts with a stop above 39800 for protection. 39500 would be the initial target, a minor level that acted as resistance and support in April. Below, 39345, 39200 and 39025 are other downside levels to consider. DS
SGX:NK1!Short
by FOREXcom
Smooth love potion (SLP) - bullish divergenceSmooth love potion (SLP) - bullish divergence On the above 1-day chart price action has corrected a massive 90% since mid-July. Now is a excellent time to be bullish, why? 1) The ‘incredible buy’ signal prints. 2) Seven oscillators are printing bullish divergence with price action following the ‘buy’ signal - more than excellent. 3) RSI resistance breakout. 4) The story is very similar on the SLP/BTC pair (chart below) with price action converging within a bullish falling wedge pattern. A breakout by early January must happen one way or another. Is it possible price action continues to fall? For sure. Is it probable? Very unlikely. Good luck! WW 1-day BTC chart
Long
by without_worries
19
BTCUSDT WAVE 5 IN PROGRESSWave 4 extreme (ABC) reached the typical price target level. We have two confirmation levels marked on chart that needs to be broken up in order to confirm wave 4 completion . the first confirmation is the break up of previous wave 4 high and waiting for the second confirmation to happens at wave B high. in addition , ChandeMo Momentum is currently up and the EWO is above 0 and both confluences supports that wave 4 is completed . In this scenario we assume wave 5 as an impulse 5 waves up but this could change later since wave 5 is usually forms as an ending diagonal . wave 5 projections are on chart Good LUck
Long
by Alpha_54321
DXY Weekly Analysis and Its Impact on Forex PairsLet's dive into today's analysis. Today, I want to share a Forex analysis with you, focusing on the DXY index. The timeframe for this analysis is weekly, but we'll also take a look at other timeframes. 🧲 Long-Term Support First, let's examine the curved trend line on the monthly timeframe, which has been significant since 2008, acting like a magnet attracting the price. This trend line is a crucial support for the dollar and has kept the overall trend of the dollar bullish for years. 🔑 Key Resistance Levels Additionally, in this timeframe, if we apply a Fibonacci extension from the previous wave, we see that the top of this wave, which corresponds to 113.7, has completed at the 1 level. If this peak is breached, we could move up to 1.618, which is 131. However, there's a significant resistance at 119.76. 📰 Interest Rates and Economic Outlook Given that the US interest rate is already high, it's unlikely to increase further beyond 5.5% as it could harm the US economy in the long term. On the other hand, inflation has reached 3.25%, nearing the 2% target. Therefore, there's no reason to raise interest rates further. If they start reducing the interest rates, we could see an uptrend in stock markets like crypto and renowned global stocks such as Apple, Microsoft, Tesla, etc. If this happens, the DXY trend will turn bearish and could potentially drop back to the 89.59 support. 📅 Weekly Timeframe Analysis In the weekly timeframe, the curved trend line is also evident, and the price is near this trend. Drawing Fibonacci from the previous wave shows that the price has bounced back from the 0.5 level, overlapping with the old support at 101.195, and has created a range box between this area and the 0.236 level at 106.723, forming since late 2022. 📈 If 106.723 is breached, we could target 113.701 and the next target at 119.76. However, due to anticipated rate cuts, I believe the USD will remain bearish and won't go beyond 113. 📉 For a decline, if 101.195 breaks and the Federal Reserve starts lowering rates, we could expect a drop to the 0.618 and 0.786 Fibonacci levels, which are 98.023 and 94.374, respectively. 🔎 RSI Indicator The RSI is ranging between 66.02 and 34.17. Given that FOMO is less powerful in the Forex market compared to crypto, if we reach either of these numbers, it might be time to take profits as the trend could weaken. 💵 Impact on EURUSD and USDCAD 🇪🇺 EUR/USD If the DXY drops, we might see the EUR/USD break the 1.1064 resistance, and even move towards 1.1205, and then target 1.16588 and 1.22423. However, 1.22423 seems distant and unrealistic given Europe's current strength. In case of a DXY increase, the EUR/USD could head towards the historical low of 0.96801 after breaking 1.05195, though it's likely to find support sooner. 🇨🇦 USD/CAD For USD/CAD, a rising DXY could push it to 1.43687 after breaking 1.38713. Conversely, if the DXY drops, the trend line might break, and after breaking 1.31457, it could move towards 1.20374. 📝 Conclusion In summary, the DXY index is at a critical juncture with significant supports and resistances on both the monthly and weekly timeframes. Anticipated changes in US interest rates could significantly impact its trend. While the USD may see some strength in the short term, a long-term bearish trend seems likely, particularly if interest rates begin to decrease. This will, in turn, affect major Forex pairs like EUR/USD and USD/CAD, with potential bullish moves in EUR/USD and bearish moves in USD/CAD depending on the DXY's movement. Always remember to conduct thorough research and apply sound risk management in your trading strategies.
TVC:DXYShort
by itsparham96
4
$BTC UpdateI've got a good feeling about the #crypto market in the coming days. The double top played out well, and the price is now hovering near $63,000. We’re also close to the monthly S3. On the 4H timeframe, there’s a clear convergence (4x magnified). If a reversal is going to happen, it should be from this price range. If this convergence plays out, we could see a quick move back to $67,000, and possibly $69,500. — 🔴 We can't stay here too long; we need to break back above $65,000 or risk another drop of 6-15%, potentially down to $53,000.
Long
by Goldfinch_song
#Oil_Crude Elliott wave analysisPrice seems to have finished a 5-wave bullish impulsive move and is now getting ready for a bearish correction. Price failing to create a new high while making a new low is our signal that the bearish move has started. Bearish confirmations: Bearish divergence in the 1H time frame. 4H RSX at the oversold (OS) area. Momentum oscillator showing bearish action. Completion of the fifth wave of the fifth, from likely wave A. If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_CRUDE
by mohemati
[LONG] Blue means go (again) Tokenfi's TOKEN ### RSI Analysis on TOKEN from Tokenfi #### Overview The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is primarily used to identify overbought or oversold conditions in a market. Generally, an RSI below 30 is considered oversold, and an RSI above 70 is considered overbought. #### Current RSI Reading As of the latest analysis, the daily RSI for TOKEN from Tokenfi is reading at 11.25. This extremely low RSI value suggests that TOKEN is deeply oversold. #### Historical Performance and Patterns Historically, TOKEN has shown a tendency to rebound strongly from oversold conditions as it makes its way into overbought territory, often indicated by the PMAR (Price Move Average Range) or PMARP (Price Move Average Range Percentage) metrics. Let's delve into what this could mean for the current market situation. #### Analysis 1. **RSI at 11.25**: This is an exceptionally low reading, significantly below the traditional oversold threshold of 30. It indicates that TOKEN has been aggressively sold off, potentially due to market overreaction or broader market downturns. 2. **Historical Rebounds**: Observing past performance, TOKEN has demonstrated a pattern of substantial price increases following periods of being oversold. These rebounds often propel the RSI from the oversold territory into the overbought range (typically above 70). 3. **Potential for a Pump**: Given the current RSI of 11.25, there is a strong potential for a significant upward price movement. Historical data supports the notion that TOKEN often experiences sharp increases in buying pressure once the RSI reaches such low levels. 4. **PMAR / PMARP Indicators**: As TOKEN begins to recover, monitoring the PMAR and PMARP indicators will be crucial. These indicators can provide additional confirmation of the strength and sustainability of the upward movement. Typically, as TOKEN approaches these overbought territories, further analysis using these metrics can help in decision-making for profit-taking or continuing to hold. #### Conclusion The daily RSI reading of 11.25 for TOKEN from Tokenfi suggests that the coin is currently in a deeply oversold state. Based on historical patterns, this condition often precedes a significant price rally. Traders and investors should keep a close eye on the RSI and PMAR / PMARP indicators as TOKEN has a high likelihood of moving from its current oversold condition towards the overbought territory, potentially offering substantial gains. #### Recommendations - **Entry Point**: Given the RSI is at an extreme low, this could be an opportune entry point for those looking to capitalize on a potential rebound. - **Monitoring**: Regularly monitor the RSI and PMAR / PMARP metrics to gauge the strength of the recovery and identify optimal exit points as TOKEN approaches overbought conditions. - **Risk Management**: As always, employ proper risk management strategies and consider setting stop-loss orders to protect against further downside risks. By staying informed and vigilant, traders can potentially take advantage of the oversold conditions in TOKEN and position themselves for gains as the market corrects itself. TOKEN, the revolutionary cryptocurrency from TokenFi, the creators of FLOKI, has been making waves in the market with its unparalleled success. By providing a simple, all-in-one platform for creating tokens and tokenizing Real World Assets (RWAs) without requiring any coding knowledge, TOKEN has democratized access to the lucrative tokenization and RWA market, projected to reach $16 trillion by 2030. Unmatched ROI and Constant Growth TOKEN's innovative approach has resulted in consistent large ROI, making it an attractive investment opportunity for cryptocurrency enthusiasts. By allowing users to launch their own ERC20 (or BEP20) compliant tokens on multiple popular crypto chains, including +3 EVM compatible blockchains, TOKEN has opened up new avenues for token creation and RWA tokenization. Comprehensive Features and Tokenomics TOKEN's Token Launcher offers a range of features and tokenomics to customize your token, including: 1. **Treasury Fee**: Collect and distribute fees to the project's treasury wallet. 2. **Burn Fee**: Make your token deflationary by burning tokens on transactions. 3. **Reflection**: Automatically redistribute fees to all token holders. 4. **Buyback Liquidity**: Ensure long-term price stability and value growth. 5. **Liquidity Setup**: Create a liquidity pool on major decentralized exchanges. Generative AI for NFTs TOKEN also offers the power of Generative AI for NFT launches, enabling users to create high-quality artwork quickly and easily. This cutting-edge technology has streamlined the NFT creation process, making it more accessible and efficient. TOKEN's unprecedented success is a testament to its innovative approach to token creation and RWA tokenization. With its user-friendly interface, comprehensive features, and impressive ROI, TOKEN is an attractive investment opportunity for those looking to tap into the growing tokenization and RWA market.
UNISWAP:TOKENWETH_C7E6B6.USDLong
by Henrywaters
BTCUSDT POSSIBLE 1H MINOR PULLBACK UPBTCUSDT price is due for a minor pullback up and liquidity grab. MFI is pointing upward and STO(21,5,5,)crossed above the 20 level and an outside bar on Jun 21st @ 20 (UTC +3) is formed and the current candle broke it high ===> momentum is up Overall trend is still down LL & LH and this idea is for the minor pullback up trade and considered a risky trade so use a tight stoploss is you decide to enter countertrend. Invalid on chart Good LUck
Long
by Alpha_54321
Band Protocol (BAND) - Bullish divergence** Trading opportunity ** On the above 8-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. Seven Oscillators print positive divergence with price action over the last 3 to 4 months. 3) Support and resistance, price is on strong historical support, look left. Is it possible price action continues to correct? Yes. Is it probable? No. Ww Type: trade Risk: <= 6% Timeframe: Act now Return: 50x
Long
by without_worries
32