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EURUSD Testing Strong Support ZONE Near 1.0700EURUSD Testing Strong support zone near 1.0700 EURUSD is currently testing strong support zone near 1.0680:1.0700. This area seems poised to push the price up again in the coming days making it a potential shortterm trade opportunity. The US will release the consumer price index CPI data on wednesday so the market is likely to speculate again . The US consumer price index YOY For October is expectedto be 2.6 percentage vs 2.4 percentage the previous month. Energy YOY for October is expected to remain 3.3 percentage. You mayfind more details in the chart thankyou and Good luck
Long
by GoldMarketKiller
1
WAT strong Altcoin broke out of very strong patternMEXC:WATUSDT.P MEXC:WATUSDT GATEIO:WATUSDT MEXC:WATUSDT.P WAT, still on the thin side - but shows alot of strength. It just broke out on the 0.0005 level, giving it potential upside over the next few days. After DEEP, WAT is one of the strongest Alts in the market right now, besides APE, too. WAT, DEEP and APE should be watch for continuation patterns on volume. That is for long term entries or momentum Traders. IF Bitcoin breaks out, we could see more spurts in these. Let us see where WAT is headed.
WLong
by simagain
Guide to Identifying Potential Profit Altcoins in 2024 Navigating the Altcoin Landscape in 2024 In the ever-evolving world of cryptocurrencies, identifying altcoins with the potential to deliver substantial profits is an art that demands a keen understanding of market dynamics. This comprehensive guide aims to equip you with the tools and insights needed to spot the most robust altcoins poised for success in 2024. Through detailed examples and comparisons, we'll delve into the nuances of strength, resilience, and upward potential. INJ vs BTC - Riding the Trend Waves 1. Analyzing INJ's Resilience: Explore the trading patterns of Injective Protocol (INJ) against Bitcoin (BTC). Highlight instances where INJ, despite mirroring BTC's patterns, has displayed remarkable resilience by not breaching crucial support lines. 2. Drawing Conclusions: Discuss the implications of INJ's refusal to break support lines. Emphasize the importance of following the trend and INJ's potential for continued upward momentum. MAV vs BTC - Decoding Bullish Structures 1. Unveiling MAV's Bullish Structures: Examine the consistent creation of higher lows by Mav Protocol (MAV) against Bitcoin. Contrast MAV's bullish structures with Bitcoin's struggles during various market movements. 2. Strategic Considerations: Extract trading insights from MAV's persistent creation of higher lows. Discuss the potential for MAV to outperform Bitcoin based on its bullish structure. AVAX vs BTC - Capitalizing on Market Shakeouts 1. Assessing AVAX's Post-Shakeout Strength: Analyze the aftermath of the recent market shakeout on Avalanche (AVAX) against Bitcoin. Highlight AVAX's substantial rebound in contrast to Bitcoin's more modest recovery. 2. Implications for Trading: Discuss the significance of AVAX's robust bounce after the shakeout. Explore the potential for AVAX to outpace Bitcoin in subsequent market movements. Conclusion: Forging Profitable Paths in 2024 As we conclude this exploration of potential altcoin powerhouses for 2024, remember that each comparison offers unique insights into the strength and potential of these digital assets. The ability to discern resilience, bullish structures, and post-shakeout strength positions you strategically in the cryptocurrency market. Stay vigilant, adapt your strategy as the market evolves, and use these insights to navigate the dynamic landscape of altcoin trading. 💡 Unveiling Altcoin Strength | 📈 Riding Trends | 🚀 Decoding Bullish Structures | 💪 Capitalizing on Market Shakeouts 💬 Engage in the discussion: Share your observations on altcoins displaying strength, inquire about nuanced trading strategies, and connect with a community dedicated to deciphering the potential winners in 2024. 🌐✨
Education
by Yaroslav_Krasko
2
7 dimension analysis Gold 🕛 TOPDOWN Analysis - Patience Required Amidst Supply Signals Overview: The market presents an intriguing picture with four consecutive long-wick candles at the top, signifying a robust supply area. Big players seem hesitant to push prices higher than the previous high, warranting a watchful approach, especially in the context of the yearly chart. On the monthly chart, there is a clear uptrend with a well-defined cup and handle pattern. A substantial buildup at resistance levels suggests a wait-and-see stance, primarily for investors. The weekly chart signals a shift in the price dynamic, indicating bearish control until the last demand area or the next swing target zone. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Breakout from Sideways (BoS). 🟢 Swing Move: The impulsive move has achieved its target. 🟢 Inducement: Awaiting confirmation; additional sell entry planned. 🟢 Pull Back: A solid second pullback. 🟢 Internal Structure: Bearish. 🟢 Support or Demand Area: Identified as the next profit booking target, decisions will follow after booking profits. Awaiting Support Breakout/CIP at 1899. 2️⃣ Pattern 🟢 CHART PATTERNS Continuation Descending Triangle break signals a target around 1827. 🟢 CANDLE PATTERNS Notable Observations: A record session count with eight consecutive bear candles suggests potential continuation until the target. Momentum indicates bearish candle formation. 3️⃣ Volume: Volume has been substantial during the entire move, with no signs of weakening. Volume on the breakout consistently indicates lower volume at base levels followed by significant volume during the follow-up. 4️⃣ Momentum RSI: 🟢 Zone: Super bearish. 🟢 Loud Moves: Price movement transitioning from sideways to bearish, indicating expectations of further bearishness. 🟢 Overbought/Sold Rejections: Currently count at 0. 5️⃣ Volatility Bollinger Bands: 🟢 Move Commencement: Following a Squeeze spanning over 10 candles in the range. 🟢 Squeeze Breakout: Expectation of a move outside the lower band. 🟢 Walking on the Band: Ongoing trend adherence, with price respecting this trend. 6️⃣ Strength ADX: Bears currently exhibit complete control in the market at this point. 7️⃣ Sentiment ROC: Indicates that this is the weakest commodity in the last week. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive. ✔ Support Resistance Base: Last established base. ☑️ Candles Behavior: Reflects characteristics like RSC, Longwicks, Doji, and Inside candles. ☑️ FIB Trigger Event: To be assessed at the sell area. ☑️ Trend Line: To be drawn once the price reaches the sell area. ☑️ Final Comments: Waiting for the right moment to sell. 💡 Decision: Sell at correction. 🚀 Entry: 1870 ✋ Stop Loss: 1884 🎯 Take Profit: 1820, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO signal. 😊 Risk to Reward Ratio: 1:3.5 🕛 Expected Duration: 7 days SUMMARY: The market exhibits a strong supply area with a need for vigilance. Various charts, including the yearly, monthly, and weekly, provide insights into the bearish sentiment. The daily analysis indicates a bearish structure with planned sell entries. Volume, momentum, and candle patterns further support the bearish outlook. Patience is advised for a well-timed sell. Specific entry, stop-loss, and take-profit levels are provided, with a risk-reward ratio of 1:3.5.
OANDA:XAUUSDShort
by Optimum369
AMB approaching a strong resistance levelAirDAO AMB price is in pace of approaching a strong resistance. The line is proven its firmness, highlighted in red, the bounce areas dating back to 15th of March of this year, that's past 6 months as of the day of this writing. In a technical perspective, we could still see a continuation of its bullish trend if we see a resistance breakout and if not, sell on bounce area with confirmation of a breakdown as well. I also made a diagonal support below as a guide. The RSI indicates that the coin price is near oversold. Happy trading and always plan your trades by putting a take profit and stop loss areas in every position.
by luigi360swirl
MATIC Strong Castle 🏰 Analysis #17/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart As per my last analysis, we were waiting for MATIC to approach the 1.0 blue support to look for buy setups. on H4: Right Chart MATIC is forming an inverse head and shoulders pattern, but it is not ready to go yet. 🏹 Trigger => for the bulls to take over, we need a momentum candle close above the gray neckline. Meanwhile, until the buy is activated, MATIC can still trade lower till the 1.0 support zone again. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
M
by TheSignalyst
5
Upgrading Polygon PoS Chain to Boost Performance + TAHello friend. Today im going to explain about the latest happenings in polygon layer-2 blockchain. Lets see what will happen? When the Polygon PoS chain first launched it offered a much-needed solution for Ethereum’s scaling issues. It gave users and developers alike everything they love about Ethereum but with faster throughput and lower fees. Now, with tens of thousands of decentralized apps, over 207 million unique addresses, more than 2.3 billion processed transactions, and a vanishingly-small carbon-footprint, the Polygon PoS chain has emerged as the premier destination for dApps. It is home to some of the biggest Web3 projects like Uniswap and Aave as well as major companies like Robinhood, Adobe, and Stripe. But this is only the beginning. Longer-term technical upgrades to Polygon PoS are being worked on, like parallelization, even while other promising tech for scaling, like Polygon zkEVM, is being built. a critical hardfork will be proposed that will aim to: 1 - reduce severity of gas spikes; In order for a transaction to be included in a block, a gas fee is required. The “base fee” is the minimum fee for block inclusion, and is set in accordance with EIP-1559. Although on-chain gas dynamics work well a majority of the time, when the chain experiences high demand, the base gas fee experiences exponential spikes. Increased gas prices are normal during surges in demand on any blockchain protocol. But “gas spikes,” which represent exponential growth in price, are not. They are a result of EIP-1559 and the Polygon PoS chain’s faster block times (~2s.) 2 - address chain reorganizations (reorgs) in an effort to reduce time to finality. Decrease the sprint length from 64 to 16 blocks. By reducing the length to 16 blocks, this upgrade means a single block producer will produce blocks continuously for a much shorter time (~32 sec) than the current (~128 seconds). Doing so will decrease the depth of reorgs. “Sprint length” describes the number of blocks a validator produces contiguous blocks on Bor chain. By reducing sprint length, the time a validator continuously produces blocks decreases. The result? Lowering the chances of a secondary or tertiary validator (who hasn’t discovered the primary) kicking in to produce blocks, resulting in fewer reorgs overall. Reorgs are possible due to the architecture of the Polygon PoS chain, which relies on probabilistic consensus. Finality for a transaction is achieved based on the number of confirmed valid blocks on top of the block containing a transaction. In the Polygon PoS chain, applications wait approximately 50 blocks before considering a transaction final. A reorg occurs when a validator node receives new information that shows a longer, or higher version of the chain. The chain with the highest difficulty is called the “canonical” chain. If a longer version of the chain arrives with more blocks, this is the new canonical chain, and the old one must be discarded. Reorgs may impact transaction finality and disrupt the ability of an application to be confident that their transactions are part of the canonical version of the chain. Expectation after the hardfork: By decreasing the sprint length, the hardfork will help reduce the frequency and depth of reorgs, and improve transaction finality. The change will not affect the total time or number of blocks a validator produces, so there will be no change in rewards overall. Now lets look at technical perspective: take a look at picture below (thats a weekly chart): As you can see , the price supports in 0.76 strongly with a n Engulfing candle and now it reaches to the correction area. correction lasts till 50EMA (green line) and after that will increase again. Notice that this analysis is a Long-Term analysis . So try to invest in your own strategyk. I think Polygon will be one of the best ecosystems Blochchain seen in these years. THANK YOU fo reading my idea. PLZ support me and put your opinion in comments? What do you think?
MLong
by TraderAmin-KZ
MATIC - Still Strong!💪Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last analysis (attached on the chart), we have been waiting for MATIC to approach the blue support 0.7 to look for buy setups. MATIC rejected the support, traded higher and now approaching the green resistance around 1.3 For the bulls to remain in control, and take over long-term, we need an aggressive break above 1.4 Meanwhile, we are bullish trading inside the orange channel. UNLESS , the bears kick in, which would be confirmed by breaking below the orange channel and last major low from H4, then a bearish correction would be expected. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
M
by TheSignalyst
18