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FLOW/BTC - Flow: Trend_Reversal◳◱ Hey traders, A Trend Reversal has been identified on the TSX:FLOW / CRYPTOCAP:BTC chart. The trend of the price has reversed, indicating a potential trend change. The next resistance levels are located at 0.00001883 | 0.00002023 | 0.00002242, while the main support levels can be found at 0.00001664 | 0.00001585 | 0.00001366. Consider buying at the current price of 0.00001837 and benefiting from the trend continuation. ◰◲ General info : ▣ Name: Flow ▣ Rank: 77 ▣ Exchanges: Binance, Kucoin, Huobipro, Kraken, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Flow is a blockchain created by Dapper Labs that aims to make it easy for developers to build decentralized applications and businesses. Flow uses a multi-role architecture design to scale the network instead of sharding. One of the fundamental reasons Dapper Labs opted to shift away from Ethereum and build its own general-purpose blockchain was to avoid the complexity of sharding. Flow asserts that its scaling-without-sharding strategy will improve network speed and throughput while preserving composability standards and a developer-friendly, ACID-compliant environment. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001837 ₿ ▣ 24HVol: 118.539 ₿ ▣ 24H Chng: 5.333% ▣ 7-Days Chng: 22.89% ▣ 1-Month Chng: -24.61% ▣ 3-Months Chng: -38.86% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001883 | 0.00002023 | 0.00002242 ◢ Support: 0.00001664 | 0.00001585 | 0.00001366 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.90 ▣ Last 90D: -2.72 ▣ Last 1-Y: -0.65 ▣ Last 3-Y: 0.61 ◲◰ Volatility : ▣ Last 30D: 0.99 ▣ Last 90D: 0.72 ▣ Last 1-Y: 1.01 ▣ Last 3-Y: 10.57 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.52 - Bullish ▣ Reddit sentiment score is 0.12 - V. Bearish ▣ In-depth FLOWBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ETC/USDT - Ethereum Classic: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the SET:ETC / CRYPTOCAP:USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 15.73 | 16.24 | 17.42, and the major support zones can be found at 14.55 | 13.88 | 12.7. Consider entering a trade at the current price zone of 18.96 and targeting higher levels. ◰◲ General info : ▣ Name: Ethereum Classic ▣ Rank: 30 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Ethereum Classic is a decentralized computing platform designed to execute smart contracts, which are applications that run as programmed without the possibility of censorship or third-party interference. It is a distributed network consisting of a blockchain ledger, a native cryptocurrency (called ETC), and an ecosystem of on-chain applications and services. Ethereum Classic is the legacy chain that split from Ethereum following a contentious hard fork, known as The DAO fork, in Jul. 2017. Like its sister chain, Ethereum Classic features an execution engine optimized for smart contract processing (known as the Ethereum Virtual Machine or EVM) and a Proof of Work (PoW) consensus system. While it shares some aspects with Ethereum, Ethereum Classic offers a more defined monetary policy and inflation schedule. ◰◲ Technical Metrics : ▣ Mrkt Price: 18.96 ₮ ▣ 24HVol: 41,062,576.734 ₮ ▣ 24H Chng: 11.007% ▣ 7-Days Chng: 23.16% ▣ 1-Month Chng: 6.54% ▣ 3-Months Chng: -7.22% ◲◰ Pivot Points - Levels : ◥ Resistance: 15.73 | 16.24 | 17.42 ◢ Support: 14.55 | 13.88 | 12.7 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.28 ▣ Last 90D: -1.19 ▣ Last 1-Y: 0.60 ▣ Last 3-Y: 0.89 ◲◰ Volatility : ▣ Last 30D: 0.58 ▣ Last 90D: 0.47 ▣ Last 1-Y: 1.00 ▣ Last 3-Y: 1.21 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.67 - Bullish ▣ Reddit sentiment score is 0.40 - Bearish ▣ In-depth ETCUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
6
BIFI/USDT - BiFi: Super_Trend◳◱ We've detected a Super Trend pattern on the ECONOMICS:BIFI / CRYPTOCAP:USDT chart. The Super Trend indicator is showing a bullish trend, indicating a potential trend reversal. The next resistance key levels are at 419 | 438.8 | 492.6 and the major support zones are respectively at 365.2 | 331.2 | 277.4. We may consider opening a trade position at the current price zone at 375.9 and benefit from the trend continuation. ◰◲ General info : ▣ Name: BiFi ▣ Rank: 834 ▣ Exchanges: Binance, Kucoin ▣ Category/Sector: N/A ▣ Overview: BiFi project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 375.9 ₮ ▣ 24HVol: 40,128.114 ₮ ▣ 24H Chng: 1.595% ▣ 7-Days Chng: 6.04% ▣ 1-Month Chng: -5.55% ▣ 3-Months Chng: 2.78% ◲◰ Pivot Points - Levels : ◥ Resistance: 419 | 438.8 | 492.6 ◢ Support: 365.2 | 331.2 | 277.4 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.72 ▣ Last 90D: 1.53 ▣ Last 1-Y: 2.27 ▣ Last 3-Y: 2.13 ◲◰ Volatility : ▣ Last 30D: 0.59 ▣ Last 90D: 1.67 ▣ Last 1-Y: 1.89 ▣ Last 3-Y: 1.99 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.63 - Bullish ▣ Reddit sentiment score is 0.46 - Bearish ▣ In-depth BIFIUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
XEC/USDT - eCash: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the TSX:XEC / CRYPTOCAP:USDT chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00002747 | 0.00003092 | 0.0000383, and the major support zones can be found at 0.00002009 | 0.00001616 | 0.00000878. Consider entering at the current price zone of 0.00003256 and targeting higher levels. ◰◲ General info : ▣ Name: eCash ▣ Rank: 70 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Payments - Currencies ▣ Overview: eCash is a rebrand of BCHA, the Bitcoin ABC iterated Bitcoin Cash. eCash has taken steps to stay abreast of changing industry standards shifting away from PoW to PoS. eCash maintains contiguity with BCHA blockchain architechture. The rebrand from BCHA to eCash is mainly semantic. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00003256 ₮ ▣ 24HVol: 18,617,351.025 ₮ ▣ 24H Chng: 44.262% ▣ 7-Days Chng: 27.83% ▣ 1-Month Chng: 27.93% ▣ 3-Months Chng: -0.77% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00002747 | 0.00003092 | 0.0000383 ◢ Support: 0.00002009 | 0.00001616 | 0.00000878 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.84 ▣ Last 90D: -2.11 ▣ Last 1-Y: -0.43 ▣ Last 3-Y: -2.64 ◲◰ Volatility : ▣ Last 30D: 0.80 ▣ Last 90D: 0.57 ▣ Last 1-Y: 0.77 ▣ Last 3-Y: 3.33 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.45 - Bearish ▣ Reddit sentiment score is 0.30 - Bearish ▣ In-depth XECUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ETC/BTC - Ethereum Classic: BBand_Breakout Super-Trend◳◱ We have recently observed two promising signals, a Bollinger Band breakout and a Super Trend pattern, on the BME:ETC / CRYPTOCAP:BTC chart, which strongly suggest a bullish trend. The Bollinger Band breakout, characterized by the price surpassing the upper band, signifies a potential upward movement, while the Super Trend pattern further confirms the presence of a bullish sentiment. Seizing the opportunity to enter the market within the current price range and aiming for higher levels appears to be a robust strategy. Notably, key resistance levels can be identified at 0.000647 | 0.000693 | 0.000788, while major support zones are strategically positioned at 0.000552 | 0.000503 | 0.000408. ◰◲ General info : ▣ Name: Ethereum Classic ▣ Rank: 30 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Ethereum Classic is a decentralized computing platform designed to execute smart contracts, which are applications that run as programmed without the possibility of censorship or third-party interference. It is a distributed network consisting of a blockchain ledger, a native cryptocurrency (called ETC), and an ecosystem of on-chain applications and services. Ethereum Classic is the legacy chain that split from Ethereum following a contentious hard fork, known as The DAO fork, in Jul. 2017. Like its sister chain, Ethereum Classic features an execution engine optimized for smart contract processing (known as the Ethereum Virtual Machine or EVM) and a Proof of Work (PoW) consensus system. While it shares some aspects with Ethereum, Ethereum Classic offers a more defined monetary policy and inflation schedule. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.000612 ₿ ▣ 24HVol: 56.824 ₿ ▣ 24H Chng: 1.324% ▣ 7-Days Chng: 21.26% ▣ 1-Month Chng: 2.73% ▣ 3-Months Chng: -7.51% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.000647 | 0.000693 | 0.000788 ◢ Support: 0.000552 | 0.000503 | 0.000408 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.40 ▣ Last 90D: -0.24 ▣ Last 1-Y: 0.63 ▣ Last 3-Y: 0.93 ◲◰ Volatility : ▣ Last 30D: 0.74 ▣ Last 90D: 0.55 ▣ Last 1-Y: 1.00 ▣ Last 3-Y: 1.21 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.67 - Bullish ▣ Reddit sentiment score is 0.40 - Bearish ▣ In-depth ETCBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
MKR/USDT - Maker: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the ASX:MKR / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 761 | 817 | 919, while substantial support zones are identifiable at 659 | 613 | 511. It is highly recommended to seize this opportunity by entering a trade within the present price range of 708 and setting sights on higher levels of profitability. ◰◲ General info : ▣ Name: Maker ▣ Rank: 67 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Financial - Lending ▣ Overview: Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings. ◰◲ Technical Metrics : ▣ Mrkt Price: 708 ₮ ▣ 24HVol: 4,418,279.317 ₮ ▣ 24H Chng: 3.812% ▣ 7-Days Chng: -6.10% ▣ 1-Month Chng: 7.86% ▣ 3-Months Chng: 0.98% ◲◰ Pivot Points - Levels : ◥ Resistance: 761 | 817 | 919 ◢ Support: 659 | 613 | 511 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.93 ▣ Last 90D: -0.12 ▣ Last 1-Y: -0.03 ▣ Last 3-Y: 0.63 ◲◰ Volatility : ▣ Last 30D: 0.51 ▣ Last 90D: 0.48 ▣ Last 1-Y: 0.86 ▣ Last 3-Y: 1.15 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.53 - Bullish ▣ Reddit sentiment score is 0.46 - Bearish ▣ In-depth MKRUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
XMR/BTC - Monero: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the OMXSTO:XMR / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.00561 | 0.00586 | 0.006553, and the major support zones can be found at 0.004917 | 0.004474 | 0.003781. Consider entering a trade at the current price zone of 0.005414 and targeting higher levels. ◰◲ General info : ▣ Name: Monero ▣ Rank: 28 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Kraken ▣ Category/Sector: Payments - Currencies ▣ Overview: Aimed at privacy-preservation and fungibility, Monero is a Bytecoin code fork providing anonymous value transfer through ring signatures, stealth addresses, confidential transactions, and bulletproofs. Monero offers anonymity by default in contrast to the optional privacy preserving functionalities of its peers. In pursuit of decentralization Monero continually changes its proof-of-work algorithm in order to prevent ASICs from dominating and centralizing the mining process. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.005414 ₿ ▣ 24HVol: 138.421 ₿ ▣ 24H Chng: 3.202% ▣ 7-Days Chng: 17.74% ▣ 1-Month Chng: 7.61% ▣ 3-Months Chng: 5.67% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00561 | 0.00586 | 0.006553 ◢ Support: 0.004917 | 0.004474 | 0.003781 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.53 ▣ Last 90D: 0.00 ▣ Last 1-Y: 0.69 ▣ Last 3-Y: 0.68 ◲◰ Volatility : ▣ Last 30D: 0.41 ▣ Last 90D: 0.36 ▣ Last 1-Y: 0.55 ▣ Last 3-Y: 0.93 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.55 - Bullish ▣ Reddit sentiment score is 0.63 - Bullish ▣ In-depth XMRBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
X
by Crypto2AF
LUNC/USDT - Terra Luna Classic: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the CRYPTOCAP:LUNC / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 0.00010973 | 0.00013191 | 0.00017099, and the major support zones can be found at 0.00007065 | 0.00005375 | 0.00001467. Consider buying at the current price zone of 0.00009931 and targeting higher levels.BBand_Squeeze ◰◲ General info : ▣ Name: Terra Luna Classic ▣ Rank: 63 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Terra is an algorithmically-governed, seigniorage share style stablecoin platform to which a collection of fiat-pegged tokens and a stabilizing cryptoasset, Luna, are native. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00009931 ₮ ▣ 24HVol: 15,546,978.483 ₮ ▣ 24H Chng: 3.04% ▣ 7-Days Chng: 3.79% ▣ 1-Month Chng: 8.46% ▣ 3-Months Chng: -22.56% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00010973 | 0.00013191 | 0.00017099 ◢ Support: 0.00007065 | 0.00005375 | 0.00001467 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.32 ▣ Last 90D: -0.97 ▣ Last 1-Y: -1.18 ▣ Last 3-Y: 0.24 ◲◰ Volatility : ▣ Last 30D: 1.33 ▣ Last 90D: 0.94 ▣ Last 1-Y: 2.77 ▣ Last 3-Y: 2.78 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.80 - V. Bullish ▣ In-depth LUNCUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
CAKE/USDT - CakeDAO: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the NASDAQ:CAKE / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 1.47 | 1.538 | 1.69, and the major support zones can be found at 1.318 | 1.234 | 1.082. Consider buying at the current price zone of 1.462 and targeting higher levels.BBand_Squeeze ◰◲ General info : ▣ Name: CakeDAO ▣ Rank: None ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: N/A ▣ Overview: CakeDAO project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 1.462 ₮ ▣ 24HVol: 8,569,931.380 ₮ ▣ 24H Chng: 3.03% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 1.47 | 1.538 | 1.69 ◢ Support: 1.318 | 1.234 | 1.082 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◲◰ Volatility : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.67 - Bullish ▣ Reddit sentiment score is 0.42 - Bearish ▣ In-depth CAKEUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
BSW/USDT - Biswap: Trend_Reversal◳◱ Hey traders, A Trend Reversal has been identified on the $BSW / CRYPTOCAP:USDT chart. The trend of the price has reversed, indicating a potential trend change. The next resistance levels are located at 0.0892 | 0.0933 | 0.1008, while the main support levels can be found at 0.0817 | 0.0783 | 0.0708. Consider buying at the current price of 0.0881 and benefiting from the trend continuation. ◰◲ General info : ▣ Name: Biswap ▣ Rank: 443 ▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc ▣ Category/Sector: N/A ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0881 ₮ ▣ 24HVol: 557,474.218 ₮ ▣ 24H Chng: 4.632% ▣ 7-Days Chng: 3.38% ▣ 1-Month Chng: -29.17% ▣ 3-Months Chng: -53.10% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0892 | 0.0933 | 0.1008 ◢ Support: 0.0817 | 0.0783 | 0.0708 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -6.61 ▣ Last 90D: -5.51 ▣ Last 1-Y: -1.79 ▣ Last 3-Y: -0.77 ◲◰ Volatility : ▣ Last 30D: 0.72 ▣ Last 90D: 0.58 ▣ Last 1-Y: 0.65 ▣ Last 3-Y: 1.47 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth BSWUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
USDJPY retracement at the highAfter a few indecision candles at the high, followed buy a volume push up to a major resistance, I became alert that a bearish setup might present. Friday closed off with a variation of a bearish engulfing. When price closes beyond a price then closes right back beneath it its a sign that this price is being rejected. Naked analysis tells us that the 1hour chat has already began its downward momentum. A minor double top formed. My short entry was based on the high volume bearish engulfing re-test at the neckline. The 30MIN chart has begun creating its lower highs and lower lows. This is a short scalp. the buy will likely present later in the week.
Short
by DesharedPierreJr.
1
AST/USDT - AirSwap: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the LSE:AST / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 0.1365 | 0.1533 | 0.1808, and the major support zones can be found at 0.109 | 0.0983 | 0.0708. Consider buying at the current price zone of 0.1181 and targeting higher levels.BBand_Squeeze ◰◲ General info : ▣ Name: AirSwap ▣ Rank: 524 ▣ Exchanges: Binance, Huobipro, Gateio ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: Airswap is a peer-to-peer, non-custodial exchange protocol and network for trading ERC20 tokens that allows traders to identify potential counterparties, negotiate directly (and privately), and execute on-chain. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.1181 ₮ ▣ 24HVol: 2,790,161.826 ₮ ▣ 24H Chng: 4.606% ▣ 7-Days Chng: -2.60% ▣ 1-Month Chng: 18.87% ▣ 3-Months Chng: 37.73% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.1365 | 0.1533 | 0.1808 ◢ Support: 0.109 | 0.0983 | 0.0708 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.40 ▣ Last 90D: 1.12 ▣ Last 1-Y: 1.00 ▣ Last 3-Y: 0.99 ◲◰ Volatility : ▣ Last 30D: 2.27 ▣ Last 90D: 1.74 ▣ Last 1-Y: 1.79 ▣ Last 3-Y: 2.03 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.58 - Bullish ▣ Reddit sentiment score is 0.25 - V. Bearish ▣ In-depth ASTUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
SFP/USDT - SafePal: Golden_Cross◳◱ We've detected a Golden Cross pattern on the SET:SFP / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. We may consider buying at the current price zone at 0.4756. The next resistance key levels are at 0.4825 | 0.5292 | 0.6481 and the major support zones are respectively at 0.3636 | 0.2914 | 0.1725. ◰◲ General info : ▣ Name: SafePal ▣ Rank: 161 ▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc ▣ Category/Sector: Infrastructure - Wallet ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.4756 ₮ ▣ 24HVol: 16,405,027.469 ₮ ▣ 24H Chng: 16.597% ▣ 7-Days Chng: 32.89% ▣ 1-Month Chng: 17.59% ▣ 3-Months Chng: 9.56% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.4825 | 0.5292 | 0.6481 ◢ Support: 0.3636 | 0.2914 | 0.1725 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.27 ▣ Last 90D: -0.34 ▣ Last 1-Y: 0.79 ▣ Last 3-Y: 0.75 ◲◰ Volatility : ▣ Last 30D: 0.69 ▣ Last 90D: 0.61 ▣ Last 1-Y: 1.12 ▣ Last 3-Y: 2.37 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.59 - Bullish ▣ In-depth SFPUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
GMT/USDT - STEPN: SuperTrend BBand_Breakout◳◱ We've detected both a Bollinger Band breakout and a Super Trend pattern on the NZX:GMT / CRYPTOCAP:USDT chart. Both indicators are signaling a bullish trend, with the Bollinger Band indicating a potential bullish trend as the price has moved outside of the upper band and the Super Trend showing a bullish trend. This is a stronger bullish signal as both indicators are aligned. It may be a good idea to consider buying at the current price zone and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.2062 | 0.2176 | 0.2423 and the major support zones are at 0.1815 | 0.1682 | 0.1435. However, it is still important to consider other factors such as overall market conditions, and other technical indicators before making a trade decision. ◰◲ General info : ▣ Name: STEPN ▣ Rank: 152 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: N/A ▣ Overview: STEPN project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.2005 ₮ ▣ 24HVol: 3,009,719.811 ₮ ▣ 24H Chng: 2.926% ▣ 7-Days Chng: 3.85% ▣ 1-Month Chng: -26.55% ▣ 3-Months Chng: -48.64% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.2062 | 0.2176 | 0.2423 ◢ Support: 0.1815 | 0.1682 | 0.1435 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -4.66 ▣ Last 90D: -3.77 ▣ Last 1-Y: -0.38 ▣ Last 3-Y: 0.99 ◲◰ Volatility : ▣ Last 30D: 0.88 ▣ Last 90D: 0.73 ▣ Last 1-Y: 1.19 ▣ Last 3-Y: 1.93 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.44 - Bearish ▣ Reddit sentiment score is 0.56 - Bullish ▣ In-depth GMTUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
PLA/USDT - PLA: Ascending_Triangle◳◱ We've detected an Ascending Triangle pattern on the TWSE:PLA / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance levels are at 0.1407 | 0.1466 | 0.1588 and the major support zones are respectively at 0.1285 | 0.1222 | 0.11. ◰◲ General info : ▣ Name: PLA ▣ Rank: 267 ▣ Exchanges: Binance, Huobipro, Gateio, Poloniex, Mexc, Bittrex ▣ Category/Sector: Payments - Gaming ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.1369 ₮ ▣ 24HVol: 182,132.556 ₮ ▣ 24H Chng: 1.407% ▣ 7-Days Chng: 0.09% ▣ 1-Month Chng: -25.43% ▣ 3-Months Chng: -38.63% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.1407 | 0.1466 | 0.1588 ◢ Support: 0.1285 | 0.1222 | 0.11 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -6.57 ▣ Last 90D: -2.40 ▣ Last 1-Y: -0.05 ▣ Last 3-Y: 0.71 ◲◰ Volatility : ▣ Last 30D: 0.69 ▣ Last 90D: 0.81 ▣ Last 1-Y: 1.07 ▣ Last 3-Y: 2.56 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.55 - Bullish ▣ Reddit sentiment score is 0.86 - V. Bullish ▣ In-depth PLAUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
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by Crypto2AF
MKR/USDT - Maker: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the ASX:MKR / CRYPTOCAP:USDT chart. The price has moved outside of the upper Bollinger Band, indicating a potential bullish trend. The next resistance key levels are located at 702 | 786 | 966, and the major support zones can be found at 522 | 426 | 246. Consider buying at the current price zone of 671 and targeting higher levels.BBand_Squeeze ◰◲ General info : ▣ Name: Maker ▣ Rank: 61 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Financial - Lending ▣ Overview: Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings. ◰◲ Technical Metrics : ▣ Mrkt Price: 671 ₮ ▣ 24HVol: 2,117,940.001 ₮ ▣ 24H Chng: 0.751% ▣ 7-Days Chng: 8.59% ▣ 1-Month Chng: 6.50% ▣ 3-Months Chng: -0.00% ◲◰ Pivot Points - Levels : ◥ Resistance: 702 | 786 | 966 ◢ Support: 522 | 426 | 246 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.73 ▣ Last 90D: -0.02 ▣ Last 1-Y: 0.36 ▣ Last 3-Y: 0.58 ◲◰ Volatility : ▣ Last 30D: 0.38 ▣ Last 90D: 0.45 ▣ Last 1-Y: 0.90 ▣ Last 3-Y: 1.15 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.53 - Bullish ▣ Reddit sentiment score is 0.72 - Bullish ▣ In-depth MKRUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
1
BCH/USDT - Bitcoin Cash: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $BCH / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 135.6 | 146.6 | 164.6, and the major support zones can be found at 117.6 | 110.6 | 92.6. Consider entering a trade at the current price zone of 123.9 and targeting higher levels. ◰◲ General info : ▣ Name: Bitcoin Cash ▣ Rank: 29 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Payments - Currencies ▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value. ◰◲ Technical Metrics : ▣ Mrkt Price: 123.9 ₮ ▣ 24HVol: 7,823,626.201 ₮ ▣ 24H Chng: 2.993% ▣ 7-Days Chng: -1.69% ▣ 1-Month Chng: -8.22% ▣ 3-Months Chng: 26.08% ◲◰ Pivot Points - Levels : ◥ Resistance: 135.6 | 146.6 | 164.6 ◢ Support: 117.6 | 110.6 | 92.6 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.46 ▣ Last 90D: 1.43 ▣ Last 1-Y: -0.97 ▣ Last 3-Y: 0.33 ◲◰ Volatility : ▣ Last 30D: 0.67 ▣ Last 90D: 0.59 ▣ Last 1-Y: 0.82 ▣ Last 3-Y: 1.02 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.68 - Bullish ▣ In-depth BCHUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
1
RAD/BTC - Radicle: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the NYSE:RAD / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.0000775 | 0.0000954 | 0.000125, and the major support zones can be found at 0.0000479 | 0.0000362 | 0.0000066. Consider entering a trade at the current price zone of 0.0000653 and targeting higher levels. ◰◲ General info : ▣ Name: Radicle ▣ Rank: N/A ▣ Exchanges: Binance, Huobipro, Hitbtc ▣ Category/Sector: N/A ▣ Overview: Radicle project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0000653 ₿ ▣ 24HVol: 2.490 ₿ ▣ 24H Chng: 2.351% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0000775 | 0.0000954 | 0.000125 ◢ Support: 0.0000479 | 0.0000362 | 0.0000066 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◲◰ Volatility : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.36 - Bearish ▣ Reddit sentiment score is 0.66 - Bullish ▣ In-depth RADBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
OIL - Potential up move before a bigger dropFundamental Analysis WTI remains stable as global interest rates are decided, showing signs of a potential increase for the week. The People's Bank of China's decision to lower rates aims to boost economic growth and improve the outlook for oil. Currently, WTI is trading at $71.25, a slight increase from before. Despite elevated prices worldwide and a slowing economy, major central banks, such as the European Central Bank (ECB) and the Federal Reserve (Fed), have chosen to keep rates unchanged. The ECB raised rates to a 22-year high, while the Fed decided to skip its June meeting but revised its peak rates upward, surpassing the 5.50% threshold. Although this initially strengthened the US dollar, WTI prices were affected by Jerome Powell's neutral comments, causing the gains to diminish. In contrast to the ECB and the Fed, the People's Bank of China reduced rates due to the slower-than-expected recovery of the Chinese economy. Recent data suggests a loss of momentum, which impacted the rise in oil prices, especially after Saudi Arabia announced a cut in its crude oil output starting in July. Growing demand in China has supported oil prices, with refinery output reaching its second-highest level on record. The CEO of Kuwait Petroleum Corp estimates that Chinese oil demand will continue to increase in the second half of the year. It's important to note that the voluntary cuts in crude oil production by the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) will limit supply in the near future. Additionally, the US dollar has weakened following the Fed's decision to keep rates unchanged, which also contributes to favourable conditions for WTI prices. Technical Analysis From a technical perspective, WTI is currently moving horizontally on the charts, staying within the range of approximately $63.50 to $68.00 throughout the year. Our long term view is bearish, but right now we would expect a move up to $76 Price range before we could see another bigger drop which would most likely break the $63 price level.
TVC:USOILLong
by financialflagship
1