EurUsd- Fall to 1.1 once more?Last week was favorable for Euro bulls, with the price climbing back to 1.12.
However, after three failed attempts to break above this level, the price has dropped sharply today and is now resting on the 1.11 support zone.
I anticipate a break below this level, with the next target being 1.10.
My strategy is to sell into rallies, with a stop above 1.12 to negate the setup.
Signalservice
Hellena | BITCOIN (4H): Long to resistance area 64879.Dear colleagues, after analyzing bitcoin I came to the conclusion that the price is in an upward impulse, but the correction “2” is not yet completed or almost completed.
I believe that after reaching the area of 56398 the price will again rush in an upward movement with the goal of reaching the area of 64879 in wave “3”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold’s Rally Continues, Correction in Sight?After a brief correction at the start of last week, Gold rebounded strongly, setting new all-time highs (ATHs) daily, including earlier today. While it's clear that no asset rises indefinitely, and a correction is likely at some point, pinpointing the exact level from where this will occur is challenging.
On the flip side, 2590 now stands as strong support. In the event of a pullback to this level, it would likely present a buying opportunity.
Gold Shines as Dollar Dips: A New All-Time High in SightHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD .
In the daily timeframe, gold has formed a symmetrical triangle followed by a breakout above the upper trendline. Recently, the price retested this trendline and continued to move upward. Analyzing the trend, gold remains above the EMA34 line, indicating a bullish trend. Additionally, the MACD has made a bullish crossover, signaling upward momentum. With these technical indicators aligning, we are looking at a potential continuation of this upward movement toward Target Area 1 at 2,625 or even Target Area 2 at 2,739. However, bears might find some hope if the price manages to break below the support level at 2,426.
The bullish trend is also supported by fundamental factors, as Federal Reserve Chairman Jerome Powell recently confirmed that interest rate cuts are likely in the near future. This has weakened the dollar compared to other currencies and commodities, further boosting the appeal of gold.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. "
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
OfficialKieranTrewick | XAUUSD 2HR Analysis | 3000? All time high crazy! Charting new territory the precious metal is at it again, starting the week with a suitable correction down to the previous 25% quarter level and dynamic support whilst creating a fresh higher low before the latter week ascent that broke through the 3 day resistance pivot level and into the 2600s where it just continued pushing until market close on friday evening.
Whilst it just undercut the new 75% quarter level because of the close I can see that price slowed down upon reaching the dynamic resistance level and quarter level of 2525 indicating that we could see another correction down to 25% and the key pivot zone identified which aligns with both dynamic support lines before continuing its ascent into the upper 2600s.
Due to the recent bullish momentum it is important that we follow price and trade with the confirmations that are created not chase what we want to happen, basically meaning price can still go up before any correction happens and analysis is a footprint to possibility not something to be traded based on but something to be used as a toolbelt essentially giving us a list of confirmations that can increase the probability of a trade that of which can always change.
If you like this idea please drop a like and share it with your friends so they too can be in the loop with golds potential movements in the coming week.
Analysis Conducted by OfficialKieranTrewick
U.S. Dollar Index (DXY)U.S. Dollar Index (DXY)
DXY is sitting at an important KL (Key Level) at around 100.600 . On a bigger timeframe we are still bullish on dollar.
Several factors support Dollar strength:
The Dollar is expected to maintain its strength for some time.
Still, some risks could lead to further appreciation, including Euro area concerns, changes in Chinese currency policy, and how markets interpret US growth prospects.
Interest rates:
With yesterday’s interest rate decisions (50BPS) we saw DXY spike down . We do have to keep in mind if interest rate cuts continue, we might turn bearish on DXY, resulting in less demand in U.S. Dollar and more demand in stocks and gold .
If however, we continue to the upside with DXY, it will confirm our XAUUSD sells that we have given the analysis for.
Keep in mind:
The aim of raising of the Fed's rates is to adjust the inflation level to a target value. Interest rate hike may have a positive effect on dollar quotes, while lowering can be seen as negative for the US dollar.
Happy trading!
FxPocket
Polkadot / DOT ( Hot or Not? )The price of DOT is $7.5 today with a 24hour trading volume of 777 million dollars. This represents a 2% price increase in the last 24 hours and a 22.00% price increase in the past 7 days
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi chain technology made by Gavin Wood, Robert Habermeier and Peter Czaban.
but is it hot or not? 4.5$ for Dot is a Dip and the next targets are 7.5, 7.9 and 8.3$. the next big resistance for Dot is 8.5$
XAUUSDXAUUSD . Potential short opportunity.
Our idea remains the same as yesterday however we are posting an adaptive analysis.
The price on XAUUSD has made a new ATH (All Time High) we are due for a pullback (at least 50%). Our new key levels are sitting at 2600, 2560, 2545, 2530. Our entry is at 2589. We are expecting the price to drop down to our Key Levels (KL). Every break of the new KL will result in deeper pullback . Stops are set at yesterday’s high. We must keep in mind that gold is still overall bullish and even if we see our KL4 (2530) we would still expect the price to go up from there.
Overall still bullish on XAUUSD .
PARAMETERS
- Entry: 2589
- SL: 2600
- TP1: 2560
- TP2: 2545
- TP3: 2530
KEY NOTES
- Possible double top on XAUUSD.
- Break of KL2 could result in deeper pullbacks (KL2 -> KL3).
- Break of yesterday’s low could result in deeper pullbacks (KL3 -> KL4).
- Stop is set at the previous days high.
Happy trading!
FxPocket
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
NIO Options Ahead of EarningsIf you haven`t sold the NIO`s speculative bubble:
bubble
Now analyzing the options chain and the chart patterns of NIO prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-9-6,
for a premium of approximately $0.24.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
My New Signal Strategy Has 100% Accuracy!Traders,
This is insane! My jaw literally dropped when I back-tested my new signal strategy. While I was playing around on the charts, as I do, with a couple of different indicators, by sheer chance I discovered a combination of indicators that I had never seen or heard any trader ever discuss. I had seen them discussed individually. But no one that I know has ever paired the two indicators. And while I was tracking the signals that they threw at me after some customization, I noticed something that I could not believe! In back-testing the combination on a daily basis, they showed 100% accuracy on Bitcoin for the last 2 years! I repeat 100%!
Now, I know my critics will be quick to point out that many indicators will repaint. And yes, this is true. My indicator system does also repaint. However, even with the repainting, the system still can be utilized with a +90-95% success rate pending assets.
This is why I have told all of my subscribers that I am completely ditching my old model of trading which involved an abundance of work analyzing, drawing levels, drawing trend lines, drawing patterns, and other manual activities. I will throw all of that away and replace it with this new signal model and I plan to implement this model completely starting in October.
But before then, I have a little work to do and so I wanted to at least give you all (especially my faithful paid subs ...love you guys!) a sneak peek of what I am looking at.
So, here it is.
The green vertical lines show us where we receive our buy signal. The red vertical lines show us where we are told to sell. In this example, I go one year back to September of 23 but you can go all the way back to September of 22 and still see 100% signal accuracy. I did not track it farther back than this. I am already ecstatic to have found this kind of success rate!
I also tracked the time between trades. We start with our longest trade entry on September 12th, 2023. That's held for 103 days until we are given a SELL signal indicated by the vertical red line. At that point, we can go short or just sit the sidelines. It is another 33 days until we are given a BUY. You get the idea.
The average time per trade is definitely longer than our current average of 15 days. But will you all mind with this kind of success? I am assuming not.
One more thing to note and something I think is cool is that the indicator often gives 2 or more chances to buy or sell. This means that if you follow my channel and miss a signal immediately, that may be okay. You might actually have a second chance for entry such as most recently with Bitcoin. It has given us two chances to BUY thus far since August. And yes, I just gave away a free signal.
You're welcome.
Can't wait to implement this system ya'll. Hope you'll be as excited as I am rn once we work out a few of the wrinkles.
More to come.
Stew
Is your ETH and SOL working for you !?The crypto market never sleeps which means leaving your holdings stagnant could mean missing out on significant opportunities.
So it’s time to ask yourself:
Are your assets maximizing their potential, or are they just gathering virtual dust?
You wouldn’t leave all your money in a low interest savings account, so why do it with your crypto?
The idea is to put your investments to work, so they keep earning returns without you lifting a finger. I’ll walk you through exactly how to read it and use it to your advantage.
But that’s just the beginning, we’ll also be covering:
-Yield strategies: A breakdown of the strategies we use to generate yield.
-Pros and cons: The advantages and drawbacks of each strategy.
Not sure what options are best for you?
Are you letting your capital sit idle?
Worried about security risks?
This analysis is about to change that .I’ll show you how to maximize your returns and crush those security fears, so you can confidently put your assets to work
Let's dive right in and kick things off with the ‘crowd favorite’ of yield strategies: staking
Staking is exclusive to Proof of Stake (PoS) blockchains and their associated tokens.
Meaning you cannot gain staking yield from Bitcoin, for example, because it is a Proof of Work (PoW) blockchain. by staking your tokens like CRYPTOCAP:ETH or CRYPTOCAP:SOL , you receive a portion of newly minted tokens, effectively earning yield while playing a vital role in securing the network.
If you’re not staking, you could be missing out on significant gains, with potential returns ranging from 3% to 18% APY. that’s why many investors choose to stake their assets rather than let them sit idle
Staking has become a widely adopted strategy, with staking ratios (amount staked vs. unstaked) sitting between 20% and 80% on most POS blockchains In fact, a staggering $520 billion is currently staked across the top PoS blockchains, underscoring its popularity as a method for generating additional income.
Assuming an average 5% reward rate, that equates to $25 billion in staking rewards. That’s massive.
Despite the appeal of earning extra income through staking, becoming a solo staker can be technically challenging which is why staking providers like Lido, Rocket Pool, and Jito have emerged.
They handle network validation for the rest of us, while maximizing our staking yield.
Let’s break down the pros and cons of using a staking provider:
Pros:
✅ Security and efficiency: Our tokens are put to work securely and efficiently, contributing to the network’s security without us having to manage it all ourselves.
✅ Maximized rewards: We earn the majority of staking rewards without needing to handle the technical complexities, making it a hassle-free way to generate income.
✅ Liquidity retention: We receive liquid tokens as proof of our staked assets, allowing us to stay flexible and use them in other DeFi opportunities.
Cons:
❌ Fees: These providers typically charge a fee ranging from 8% to 25% for their validation services, which can slightly reduce your overall yield.
❌ Smart contract risks: There are inherent risks associated with smart contracts, such as bugs and/or vulnerabilities, that could potentially impact your staked assets.
By weighing these pros and cons, you can decide whether outsourcing your staking through liquid staking providers is the right strategy for you.
Ok, so if that’s the case how do we go about choosing the right liquid staking provider?
Here are some key factors to consider when selecting a provider:
1/ Reputation and security
Track record: Look for providers with a solid track record and a strong reputation in the DeFi space.
Security measures: Ensure the provider employs robust security measures, such as smart contract audits.
2/ Total volume locked
TVL: Check how much liquidity your chosen provider has attracted.
TVL is a quick and effective measure of the broader market's trust in a provider, as it reflects the total amount of assets currently staked or locked in their protocol, valued in dollars.
Feel free to use DefiLlama, which ranks all liquid staking providers by TVL.
Simply select the blockchain you’re interested in, and you’ll see the top players in the space, giving you a clear view of where the most assets are being staked and which providers are leading the market.
3/ Yield rates
Competitive yields: Compare the staking yields offered by different providers. While higher yields are attractive, they should not come at the expense of security or reliability.
Fee structure: Be aware of the fee structure. Liquid staking providers typically charge a small fee for their services, which can impact your overall returns.
4/ Liquidity and flexibility
Liquid staking tokens (LSTs): Check if the liquid tokens issued by the provider are widely accepted across DeFi platforms and have enough liquidity. The more integration and liquidity these tokens have, the better.
Redemption options: Some providers offer instant or flexible redemption options for your staked tokens, which can be crucial if you need quick access to your assets.
5/ Decentralization and governance
Decentralization: Providers that are more decentralized tend to be more resilient to risks such as regulatory actions or central points of failure.
Governance participation: Some providers offer governance rights with their tokens, allowing you to have a say in the protocol’s future direction. This can be an added benefit for those interested in being more involved in the ecosystem.
6/ Community and support
Active Community: A strong, active community can be a good indicator of a provider’s health and future prospects. Engage with the community to gauge the level of transparency and support.
so while you trading and trying to maximize your gains Its good to stake some of your HODL bag as well