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BCH/BTC - Bitcoin Cash: ◳◱ Technical analysis to be included soon, stay tuned! ◰◲ General info : ▣ Name: Bitcoin Cash ▣ Rank: 29 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ 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: 0.00434 ₿ ▣ 24HVol: 41.511 ₿ ▣ 24H Chng: 4.327% ▣ 7-Days Chng: -5.00% ▣ 1-Month Chng: -11.37% ▣ 3-Months Chng: -8.46% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00423 | 0.00437 | 0.00463 ◢ Support: 0.00397 | 0.00385 | 0.00359 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.56 ▣ Last 90D: -0.31 ▣ Last 1-Y: -0.31 ▣ Last 3-Y: 0.27 ◲◰ Volatility : ▣ Last 30D: 0.54 ▣ Last 90D: 0.59 ▣ Last 1-Y: 0.76 ▣ 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 0.27 - V. Bearish ▣ In-depth BCHBTC 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
GBPUSD Potential bullish reversal coming?Fundamental Analysis GBP/USD market movers The governor of the Bank of England, Andrew Bailey, recently spoke about how the inflation readings for April are expected to show a significant drop as the effects of higher fuel and food prices from last year are no longer in the equation. Although there are signs that inflation is easing, Bailey also mentioned that the secondary effects of high inflation are still present and that there are potential risks for inflation in the future. Bank of England's recent policy meeting went as expected with no surprises. The BoE decided to raise interest rates by 25 basis points to 4.50%, which was the same decision made at the previous meeting. This decision was voted on by a 7-2 majority. In the UK, inflation is currently at 10.1%, which is more than double the 4.9% reading in the US. The core inflation rates in both countries are closer, with the UK at 6.2% and the US at 5.5%. However, this suggests that the UK will likely continue to raise interest rates after the Federal Reserve (Fed) has stopped, which may benefit the Pound Sterling over the US Dollar as global investors tend to prefer currencies with higher interest rates to invest their money. Looking at the US Dollar and the potential risks associated with the US debt ceiling default. US Treasury Secretary Janet Yellen recently warned that a failure to raise the debt ceiling could result in an "economic and financial catastrophe." This could have an impact on the US Dollar moving forward. The US Bureau of Labor Statistics released the Producer Price Index (PPI) for April, with both the annual headline and core figures coming in slightly below expectations. Additionally, the US Department of Labor's weekly Initial Jobless Claims were higher than expected, with 264K new first-time unemployment claims filed. Technical Analysis From a technical perspective, from our point of view, GBP/USD remains in a long-term uptrend, advantaging long over short holders even if price was to break below the TL, which would means that the current correction will be longer and deeper before breaking the Highs of May 2022, please see chart analysis above for details.
Long
by financialflagship
ETH/BTC - Ethereum: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the CRYPTOCAP:ETH / 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 0.066486 | 0.068992 | 0.072769, and the major support zones can be found at 0.062709 | 0.061438 | 0.057661. Consider entering a trade at the current price zone of 0.06616 and targeting higher levels. ◰◲ General info : ▣ Name: Ethereum ▣ Rank: 2 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Ethereum is a distributed blockchain computing platform for smart contracts and decentralized applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.06616 ₿ ▣ 24HVol: 4,456.371 ₿ ▣ 24H Chng: 0.994% ▣ 7-Days Chng: 2.69% ▣ 1-Month Chng: 3.04% ▣ 3-Months Chng: 19.03% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.066486 | 0.068992 | 0.072769 ◢ Support: 0.062709 | 0.061438 | 0.057661 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.07 ▣ Last 90D: 1.20 ▣ Last 1-Y: -0.05 ▣ Last 3-Y: 1.26 ◲◰ Volatility : ▣ Last 30D: 0.55 ▣ Last 90D: 0.56 ▣ Last 1-Y: 0.82 ▣ Last 3-Y: 0.90 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.69 - Bullish ▣ Twitter sentiment score is 0.53 - Bullish ▣ Reddit sentiment score is 0.54 - Bullish ▣ In-depth ETHBTC 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
MLN/USDT - Enzyme Finance: resistance Breakout◳◱ Technical analysis to be included soon, stay tuned! ◰◲ General info : ▣ Name: Enzyme Finance ▣ Rank: 339 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Financial - Asset Management ▣ Overview: Enzyme Finance project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 23.93 ₮ ▣ 24HVol: 10,180,607.191 ₮ ▣ 24H Chng: 17.882% ▣ 7-Days Chng: 13.10% ▣ 1-Month Chng: 10.03% ▣ 3-Months Chng: -5.66% ◲◰ Pivot Points - Levels : ◥ Resistance: 21.36 | 22.06 | 23.47 ◢ Support: 19.95 | 19.24 | 17.83 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.87 ▣ Last 90D: -1.52 ▣ Last 1-Y: -0.26 ▣ Last 3-Y: 1.13 ◲◰ Volatility : ▣ Last 30D: 0.47 ▣ Last 90D: 0.59 ▣ Last 1-Y: 1.02 ▣ Last 3-Y: 1.65 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.62 - Bullish ▣ Reddit sentiment score is 0.73 - Bullish ▣ In-depth MLNUSDT 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
9
USDCAD post FOMC & pre NFPFundamental Analysis The US Dollar is making a small comeback after a dip last week, which is good news for the USD/CAD pair. The recent uncertainty in the stock market has made investors cautious, and many are turning to the US Dollar as a safe investment. However, the recent upturn in crude oil prices is also supporting the Loonie, which is the Canadian dollar linked to commodity prices. The Federal Reserve's recent announcement about interest rates has caused some uncertainty, which is making investors cautious about the USD/CAD pair. The Fed recently increased interest rates and suggested that there may be a pause in June, which is making people nervous about what might happen next. Despite this, the Fed also hinted that they may soon hit the terminal rate of the current hiking cycle, which could mean good news for the USD. There are some concerns about the US debt ceiling and fears of a potential banking crisis, which is keeping US Treasury bond yields low and could prevent the US Dollar from making any significant gains for now. Investors are eagerly anticipating the release of the Weekly Initial Jobless Claims data from the US, which is due to come out later today. This data, along with broader market sentiment and US bond yields, will determine how much demand there is for the USD and could influence the USD/CAD pair. Traders will also be watching oil prices closely and are waiting for Bank of Canada Governor Tiff Macklem's speech later today for more insights. The US monthly jobs report, known as the NFP report, is set to be released tomorrow, on Friday, which will have a significant impact on the USD and could influence the USD/CAD pair. Investors will be paying close attention to this report and the simultaneous release of Canadian monthly employment details to see which direction the pair will move next. Technical Analysis The USD/CAD pair is currently ranging & seems to be making a pull back into an OB zone as well as 62/70 fib levels. If so, we are expecting USD/CAD to give more more push up and to reach the 1.37000 price level at a minimum. From there we would expect a bearish reversal down to 1.34000 price zone. There is a possibility that price may continue to the upside if breaks out of the 1.3700 price zone. But right now we are looking at going long from current level, we would be looking at price action into H1 or even M15 for an entry (if confirmed as per the Price Action patterns), this opportunity may not present itself before tomorrow at NFP report time, let’s see!
Long
by financialflagship
Bitcoin Bulls Still Struggling!Traders, Will this week or next become the moment when BTC bulls take a break and allow the bears to have their neckline retest? We will find out soon. Let's take a look at my chart to explain what must occur. There is one critical level that BTC must remain on top of if these bulls are going to continue this run. Can you spot it? Before I get to what is key for BTC, let's talk about some of the other things happening on the chart here. First, you will notice that black descending trend line. I drew that a couple of weeks ago in anticipation that new pivot highs would not be able to recapture previous pivot hit territory, let alone run higher, before a pullback to our C&H neckline. This, so far, has ended up to be the market's correct trend, descending. April 26 and 27 wick highs simply ended up becoming lower highs, confirming suspected descent. This descent continues today and nothing that I have been predicting for the last 4 (going on 5) weeks now has changed. I am, at this point, still expecting a retest of the C&H neckline at 25,300. If this does not occur now, it will occur later. And that scenario will wreck crypto market bulls completely. I'd much rather see this retest occur sooner than later. And, from a technical perspective, this would indicate lots of future strength and bullish price action to come. But, if we are not going to retest the neckline soon, then there are a few things that I am looking to occur for the bulls to prove to us that they have the strength to take us up to that 36-40k target first. #1. We have to stay above that 50 day ma. A break below would be further confirmation of that neckline retest. #2. We have to either break above that descending black trend line AND/OR form a new pivot high on the daily beating the April 26/27 pivot high. This would simply be an early indicator that the bulls are targeting that 30k resistance again. Although, it's a positive sign for the bulls to be sure, they still must beat and confirm 30k. And until they do so, my neckline retest theory remains in tact. #3. So, number three then, is a move above 30k with confirmation the daily. We must see at least one more, but preferably two, additional candles in succession opening and closing above 30k. That would be our indication that 36-40k is now in the cards. In conclusion, I still believe that 36-40k target will be reached before the end of the year. But my hope is that we can reach that target with healthy market price movement prior to achieving that target. Healthy target price movement constitutes a drawback and touch of that 25,300 level before further ascension and currently that thesis is still being support by current market price action. Best in all your trades, Stew
INDEX:BTCUSDShort
by stewdamus
EURUSD Consolidation Amidst Bullish Momentum: Key TakeawaysThe EUR/USD pair experienced consolidation last week despite maintaining its bullish momentum. The 1.10422 supply/resistance level held strong, leaving traders wondering how long this resistance will persist. The uptrend remains intact on daily, 4-hour, and 1-hour timeframes, with price rejecting from the 20-day EMA and MACD above the zero line. However, the 4-hour chart suggests a potential retest of the 1.09098 support level due to weak upward momentum shown by the MACD. The 1-hour timeframe indicates a shift in momentum as the MACD is now below the zero line. This, combined with consolidation on the 4-hour timeframe, implies that price action may move sideways for some time, barring any major news events. Several factors could impact the EUR/USD chart next week, including monetary policy decisions by the ECB, inflation data, market confidence and sentiment, and overall economic growth. Additionally, the GBP/USD pair has been trading within a range, offering traders potential range-bound opportunities by buying near support and selling near resistance. A series of economic events and data releases, such as the ECB's monetary policy decisions, ISM Manufacturing and Services PMI, and U.S. employment figures, could cause price volatility in the coming week. Moreover, many speculators believe that the Fed will halt interest rate hikes after the May 3rd decision, which may influence the EUR/USD pair's movement. In conclusion, traders should keep an eye on key factors, economic events, and data releases that could affect the EUR/USD pair while also considering the current consolidation and potential sideways price action.
by ClintOnos
PSG/USDT - Paris Saint-Germain Fan Token: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the BME:PSG / 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 5.68 | 6.13 | 6.83, and the major support zones can be found at 4.98 | 4.73 | 4.03. Consider entering at the current price zone of 5.5 and targeting higher levels. ◰◲ General info : ▣ Name: Paris Saint-Germain Fan Token ▣ Rank: 402 ▣ Exchanges: Binance, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: N/A ▣ Overview: Paris Saint-Germain Fan Token project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 5.5 ₮ ▣ 24HVol: 572,545.473 ₮ ▣ 24H Chng: 0.548% ▣ 7-Days Chng: 3.25% ▣ 1-Month Chng: 1.71% ▣ 3-Months Chng: -16.73% ◲◰ Pivot Points - Levels : ◥ Resistance: 5.68 | 6.13 | 6.83 ◢ Support: 4.98 | 4.73 | 4.03 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.67 ▣ Last 90D: -0.31 ▣ Last 1-Y: 0.14 ▣ Last 3-Y: 0.55 ◲◰ Volatility : ▣ Last 30D: 0.47 ▣ Last 90D: 0.54 ▣ Last 1-Y: 1.14 ▣ Last 3-Y: 1.32 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth PSGUSDT 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