Tradesignals
USDCAD seems to be Bearish 11/02/2021we can see the price has reached the Distribution zone and showed some resistance
we have defined some targets based on the Fib projection and past support areas which did some accumulation on earlier falls
this is based on the previews Price Action analysis (linked too) and it can be having some more weight on
Gold 25/01/2021 Buy Limit Setup ForecastIt is a long wait i believe
we can see the price is falling in a descending channel after a high rise on it bullish ATH
now it is the time to retrace and soon we will face an accumulation start to form
i have specified all the levels with Fib and past supply and demand zones
this is mostly for internal use
please comment your idea if any
Gold H4 - Long Trading SetupGold H4
Alerts have been set for this 1785 price, lets see what happens as we approach this trading zone, fibs ran from candle close instead of the typical swing low wick to swing high wick due to FED rate volatility.
Few confluences on the 1785 region, S/R, weekly key level, fib corrective support.
Vulcan Forged Price AnalysisThe Vulcan Forged Price responded promptly to the news, as you would anticipate. The SPY token lost over 30% intraday prior to ricocheting to $22.00 (- 18%). Be that as it may, regardless of the bounce back, selling tension might continue when US brokers arise today.
The most significant risk for longs is on the off chance that the value breaks underneath the December fourth low of $16.30. On that occasion, an augmentation towards $10.00 looks conceivable.
On that premise, my recommendation to those considering purchasing PYR tokens is to hold on until the current circumstance is settled.
Hello, community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts.
1064% potential Safemoon for the moon bouts and girls! Sup Fam!
Well, looks like Moonvember wasn’t all that prosperous as we all expected. In the VIP group we had some good calls but, most were shorts. Which a win is a win right? Well, I figured I’d pop this BULLCEMBER off with a clean chart on everyone’s forgotten love… SAFEMOON! In the chart you will see that there is a perfect bullish cup and handle pattern forming which the right side of the market structure is also a bull flag. The price action seems to have broken bullish on the resistance line of the falling wedge at the top of the flag. That said, it seems as we have entered a zone to buy, or if you’re already in you can find solace in the fact this coin should see some bullish price movement in the upcoming weeks. ITS ALMOST TIME AGAIN FOR THE FUN KIDS!! I hope you’re as excited as I am for this. It’s been a rough run.
As a side note I wanted to mention, BTC will most likely have a flash crash come $75k-$78k. Watch for this. A lot of people will be calling for the end of the run. To me this will be just the beginning. Stay safe out there folks!
Always take the time to do your own research “DYOR” trading is a risky game and I’m not and will never have a 100% success rate. I’ll be happy with my 80% range.
As always, I’ve grabbed some fundamentals below for you to read up on the tech, team and exchanges that offer this project!
Be easy peeps and have a green week!
SAVVY
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FUNDAMENTAL ANALYSIS
SAFEMOON Price Live Data
The live SafeMoon price today is $0.000003 USD with a 24-hour trading volume of $11,200,039 USD. We update our SAFEMOON to USD price in real-time. SafeMoon is up 4.32% in the last 24 hours. The current CoinMarketCap ranking is #207, with a live market cap of $1,849,182,912 USD. It has a circulating supply of 585,536,366,402,812 SAFEMOON coins and a max. supply of 1,000,000,000,000,000 SAFEMOON coins.
If you would like to know where to buy SafeMoon, the top cryptocurrency exchanges for trading in SafeMoon stock are currently Gate.io, ZT, PancakeSwap (V2), Bitrue, and LBank. You can find others listed on our crypto exchanges page.
What Is SafeMoon (SAFEMOON)?
SafeMoon Protocol is a decentralized finance (DeFi) token. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn.
SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to an article, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps. With SafeMoon protocol, token holders will earn more SAFEMOON depending on how many coins they have. This can be up to an 80% APY, which is staggering when compared to traditional interest accounts. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.
SafeMooon Protocol will be expanding to include an NFT marketplace and coin launchpad which will allow users to create their own cryptocurrencies via the platform. SafeMoon protocol has an ambitious roadmap thanks to its growing popularity and they wish to be listed on the leading exchanges, launch a decentralized exchange (DEX), and increase their partnerships by the end of 2021.
SafeMoon launched on Mar. 8, 2021 with a SafeMoon price of $0.0000000010 and supply of 777 trillion SafeMoon tokens.
Who Are the Founders of SafeMoon?
John Karony is the CEO at SafeMoon, according to his Twitter profile.
What Makes SafeMoon Unique?
The SafeMoon white paper notes that a big problem in the emerging DeFi industry is the existence of high APY LP-farms that don’t have easy access for newcomers to the space.
With SafeMoon, they aim to use the idea of static rewards (making the reward conditional upon the volume of the token being traded) in order to remove any pressure on the token that could occur when tokens are sold. As well, the white paper notes that their “reflect mechanism” adds incentive for SafeMoon holders to keep their tokens for longer, or HODL. SafeMoon’s Automatic LP also adds stability to the protocol by providing a price floor/cushion for token holders. SafeMoon’s manual burn strategy also helps SafeMoon token holders in the long term, according to their white paper.
How Many SafeMoon (SAFEMOON) Coins Are There in Circulation?
The SafeMoon white paper describes the following: a total supply of 1,000,000,000,000,000, with 223,000,000,000,000 burned dev tokens and a fair launch supply of 777,000,000,000,000,
The SafeMoon protocol, according to the white paper, works in the following way: in each trade, the transaction is taxed with a fee of 10%, which is cut in half. While 5% of the fee is redistributed to all of the token holders at the time, the other 5% is then split in half again, with 50% sold by the contract into BNB, and the remaining 50% automatically paired with the aforementioned BNB and added to PancakeSwap as a liquidity pair.
How Is the SafeMoon Network Secured?
The SafeMoon white paper has the following plan for the safety of its protocol: the developer burned all tokens in the Dev Wallet before launch, there was a fair launch on DxSale, the LP is locked on DxLocker for four year, and an LP is generated with every trade and locked on PancakeSwap.
Where Can You Buy SafeMoon (SAFEMOON)?
As of October 2021, SafeMoon (SAFEMOON) is available to trade on numerous exchange platforms, including: PancakeSwap (V2), Decoin, PancakeSwap, Gate.io, BitMart, ZBG, BiKi, LBank, Hoo, Hotbit, MEXC, Bitbns, Bitrue, WhiteBIT, KickEX, BitForex, BHEX, Jubi and Biswap.
It is listed with numerous SafeMoon price pairs, including ones like: SAFEMOON/WBNB, SAFEMOON/USDT and SAFEMOON/BUSD. To check SafeMoon price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the SafeMoon price page. Alternatively, use the dedicated exchange rate converter page. Popular SafeMoon price pairs include: SAFEMOON/USD, SAFEMOON/GBP AND SAFEMOON/EUR.
Zil 10x potential and my two centsHello Traders,
As you may or may not know, historically, during a bull run, the second half of the run is full of euphoria, fomo buying and for some poor souls, a forced long term investment scenario. I do firmly believe this will repeat itself this run as well albeit, this run.... there will be institutional fomo as well. As simple as it may sound, your #1 rule to investing should always and forever be " BUY LOW SELL HIGH" . Equally, it is important to understand the sentiment of the market as well when trading as one thing that should always ring true on your journey to profits is for you to make money, someone else has to lose money. That being said, keeping a cool head and gaging the market by checking the sentiment online, maybe create a poll in a group, just read through comments and look for people's excitement level to be abnormally high... or my favorite, is to check the BTC Fear and Greed index here via this link
alternative.me to utilize as just another tool on the path to building success being a trader. All in all you need to find what works for you and what you grasp the best while keeping a trading journal to keep track of trades to later grow upon. Idk about you but, I am extremely thankful, to have TradingView as a medium to assist in my success along the way as there is not much on this platform that they have missed for you to access. Anyway, I just wanted to give you all a nice trade along with some words of wisdom for this second half of the run in other words known as the "Super Cycle" that have helped me in prior runs and now, may hopefully help you too!
For this trade I have set up a few targets based on a few tools and technical patterns in which I have identified on this Zilliqa chart. The first being that if you zoom out to the weekly time frame here you will see that ZIL has been in a very bullish pattern starting from when this token was released... Almost as if it was in accumulation this whole time just gearing up for this specific run! Ironic right? It is almost like mass adoption is just around the corner... Do you smell it in the air? It smells nice doesn't it! Lol, I have added a few resistance levels for you guys to keep an eye on over the next few days to the next few weeks as well. The first two targets are based on the ascending triangle and a symmetrical triangle as shown in the chart. The third is based on the cup and handle formation of the accumulation since this coins ICO, the forth from the 1.5-1.618 fib area and last but not least we have the euphoria target which would get you a hefty 10x! Something us in crypto are pretty accustom to now lol. I do think that it is possible we could go up past this target as well creating even more gains for your portfollio... that we will have to see!
I hop you enjoyed this write up and if so, I would greatly appreciate you spreading the love by leaving a comment and a like to show me exactly that!
As always. I have gathered some information down below regarding the fundamentals of this coin and where you might be able to purchase it at.
Have a green week,
Savvy
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Fundamental Analysis
ZIL Price Live Data
The live Zilliqa price today is $0.113566 USD with a 24-hour trading volume of $128,967,717 USD. We update our ZIL to USD price in real-time. Zilliqa is up 2.21% in the last 24 hours. The current CoinMarketCap ranking is #87, with a live market cap of $1,356,994,609 USD. It has a circulating supply of 11,948,960,371 ZIL coins and a max. supply of 21,000,000,000 ZIL coins.
If you would like to know where to buy Zilliqa, the top exchanges for trading in Zilliqa are currently Binance, BKEX, Mandala Exchange, OKEx, and FTX. You can find others listed on our crypto exchanges page.
What Is Zilliqa (ZIL)?
Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.
Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.
The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.
Who Are the Founders of Zilliqa?
Zilliqa was first conceived by Prateek Saxena, an assistant professor at the National University of Singapore School of Computing. Saxena and several students in the School of Computing published a paper in 2016 that outlined how a sharding-focused blockchain could improve network efficiency and speed.
Around the same time, Saxena co-founded Anquan Capital alongside Max Kantelia, a lifelong finance and tech entrepreneur, and Juzar Motiwalla, former president of the Singapore Computer Society. The company incorporated Zilliqa Research in June 2017 to develop the Zilliqa network, bringing on Dong Xinshu as its CEO, Yaoqi Jia as its chief technology officer and Amrit Kumar as its chief scientific officer. All three previously worked as research fellows at the NUS School of Computing.
What Makes Zilliqa Unique?
Zilliqa claims to be the world's first public blockchain to rely entirely on a sharded network. This allows it to achieve high throughput and a high rate of transactions per second, which it says solves the scalability issue. Because each shard processes transactions individually, as the network grows and the number of shards increases, the number of transactions that can be processed per second also increases. As well, records are immediately added to the Zilliqa blockchain after being processed, meaning that no additional time for confirmation is required.
Zilliqa seeks to become the blockchain of choice for large-scale enterprise use, including among the advertising, gaming, entertainment and financial services and payments industries. In its 2018 position paper, its team states that the platform "aims to rival traditional centralized payment methods such as VISA and MasterCard."
Both Anquan Capital and Zilliqa Research, the company responsible for developing Zilliqa, hold significant reserves of ZIL.
As of 2021, the Zilliqa network is an active network that runs over millions of transactions each month. The blockchain has also been constantly scaling, going from averaging over 900 blocks produced a day when its main net launched to presently producing over 2500 blocks a day.
How Many Zilliqa (ZIL) Coins Are There in Circulation?
Zilliqa has a fixed maximum supply of 21 billion tokens. ZIL was first made available for sale as an ERC-20 token as a part of a token generation event that concluded in January 2018. The tokens were subsequently transferred to the Zilliqa mainnet in a token-swap event that concluded in February 2020.
Before launching, Zilliqa generated 60% of all tokens (12.6 billion ZIL) to be distributed at the token generation event, and the remaining 40% (8.4 billion ZIL) will be created through the mining process. Ten percent of all tokens (2.1 billion ZIL) were reserved for Anquan Capital, 12% (2.52 billion ZIL) for Zilliqa Research, and 5% for contemporary and future Zilliqa team members — all of which were announced to be distributed quarterly over a three-year period.
Zilliqa is designed such that all tokens will be mined within 10 years, with the block mining reward slowly decreasing. According to its whitepaper, the project aims to have 80% of the tokens (16.8 billion ZIL) mined within the first four years and 20% (4.2 billion ZIL) in the remaining six years.
How Is the Zilliqa Network Secured?
The Zilliqa network is secured through a practical Byzantine Fault Tolerance, or pBFT, consensus protocol, meaning that at least two-thirds of all nodes must agree that a record is accurate in order for it to be added to the blockchain. Each Zilliqa blockchain shard relies on a group of nodes to confirm a subsection of all the transactions, and once each shard has reached a consensus, a second group of nodes confirms the shards' collective results and adds a new block to the blockchain.
The network uses elliptic-curve cryptography to secure its consensus protocol and allows for multisignatures. In addition to the pBFT consensus protocol that secures its transaction records, Zilliqa also uses a proof-of-work algorithm to assign node identities and generate shards.
Zilliqa developed a new language, Scilla, for its smart contracts. Short for Smart Contract Intermediate-Level Language, Scilla is a safety-focused language intended to automatically identify and eliminate security vulnerabilities at the language-level and make it easier to formally verify the safety of smart contracts through mathematical proofs.
Where Can You Buy Zilliqa (ZIL)?
Zilliqa's native token, ZIL, is listed on several major cryptocurrency exchanges — including Binance, Huobi, Bitfinex and Bithumb — where it is available to be traded against fiat currencies, stablecoins and other cryptocurrencies.
ASM Assemble Protocol 127% PotentialHello Traders,
Happy Turkey day folks! I wanted to put a quick one together for you so you could grab some gains while you are munching. If we see a drop in BTC tomorrow I would expect this to have a potential buy at the black Friday deal target below, if not then you should get these nice gains along the way!
As always, below are some fundamentals for you to research the coin better and find some places to buy!
Have a GREEN week!
Savvy
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Fundamental Analysis
ASM Price Live Data
The live Assemble Protocol price today is $0.142469 USD with a 24-hour trading volume of $88,714,844 USD. We update our ASM to USD price in real-time. Assemble Protocol is up 0.74% in the last 24 hours. The current ranking is #503, with a live market cap of $96,890,116 USD. It has a circulating supply of 680,079,761 ASM coins and a max. supply of 1,350,000,000 ASM coins.
If you would like to know where to buy Assemble Protocol, the top cryptocurrency exchanges for trading in Assemble Protocol stock are currently Coinbase Exchange, Gate.io, Bithumb, BKEX, and Uniswap (V3). You can find others listed on our crypto exchanges page.
ASSEMBLE Protocol claims to be a blockchain-based global point integration platform. It is claimed that the basic idea behind the ASSEMBLE Protocol is to provide its users an unrestricted opportunity to use their points, similarly as they use cash, anywhere in the world without any time or place constraints. And to enable point providers and ASSEMBLE partners a pool of opportunities to further expand their businesses and an access to a rich pool of users.
ASM Price Statistics
Assemble Protocol Price Today
Assemble Protocol Price $0.1453
Price Change 24h
$0.005001
UP 3.56%
24h Low / 24h High
$0.1267 /
UP $0.143
Trading Volume 24h
$88,714,843.70
UP 9.48%
Volume / Market Cap 0.9156
Market Dominance 0.00%
Market Rank #503
Assemble Protocol Market Cap
$96,890,116.47
Fully Diluted Market Cap
$192,332,818.50
Cardano Price PredictionADA has extended the week’s losses in Wednesday’s session. Since mid-August, the psychological 2.0000 has been a crucial support level for the altcoin. However, by plunging further on Tuesday, it is now trading considerably below this zone.
Currently, Cardano's price is down by 2.65% at 1.8. Since hitting its highest level in close to two months in the past week, it has dropped by 23%.
On a two-hour chart, it is trading below the 25 and 50-day exponential moving averages. In the short term, I expect the prior support level of 2.0000 to be evasive. From this perspective, it will probably trade within a range of between 1.8000 and along the 25-day EMA at 1.9332.
Past the horizontal channel’s upper border, the bulls will have a good opportunity to push Cardano's price back above the crucial level of 2.0000. On the flip side, bears may attempt to retest Tuesday’s low of 1.7622.
GBPJPY H1 - Corrective MoveGBPJPY H1
This is what we should be looking for on the lower timeframe front, we are simply moving from left to right with a circa 85 pip range, we could measure trades from support to resistance, but ideally not resistance to support, as we are ultimately expecting a bullish break to see out some corrective moves due from last week.
FLOW Price Analysis (4-hour chart)The 4-hour chart shows the FLOW price has turned higher in the last week. Furthermore, trading volume increased dramatically in the previous two days, which could suggest accumulation. As a result, the price is approaching trend resistance at $14.00. Successful clearance of the trend could provide a bullish catalyst targeting the October high of $21.28.
Of course, until the price clears $14.00, the downtrend dominates the action. Therefore, the path of least resistance is lower as long as Flow remains below $14.00. Furthermore, a failure to break out on the upside could drive the price back to the October $11.50 low.
At this moment in time, investors should sit tight and see how the price performs if it reaches the descending trend line. Considering how far Flow has fallen there is no need to pre-empt a breakout.
For now, I am ambivalent towards the Flow price and put the odds of a breakout at 50/50. On that basis, I hold a neutral weighting on the token until a catalyst arrives in either direction.
Hello community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts
KDA Price AnalysisThe daily chart shows that Kadena has gone vertical in the last couple of days. As you can see, the KDA token flat-lined for most of the year and only started to catch a bid in October. As a result, the Relative Strength Index reads 86.71, indicating the rally is incredibly overdone.
Logically, an RSI of 86.71 suggests an imminent reversal. However, since when have cryptocurrencies been logical? On that basis, I cannot measure if the price will continue higher or collapse in the near term. Although in my experience, parabolic rallies normally end in spectacular (violent) fashion.
Therefore, investors should exercise caution at the current level. This does not mean the Kadena price won’t go higher but will be vulnerable to shocks lower, as we saw yesterday.
Hello community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts
AUDJPY H4 - Long SetupAUDJPY H4
Similar to what we have on GBPJPY, but as we mentioned multiple times on the rundown, AUD and NZD were the outperformers last week, and may continue that theme this week (break dependant).
Simply waiting for a bullish or bearish breakout of this consolidation structure to warrant a trade. If we break downside, we simply look for something else, upside break could offer longs on the retest.
SXP (SWIPE) 234% potential gains!Hello Traders,
As you can see in the chart there are a lot of bullish factors on SXP. We have a bullish MACD cross coming, Bullish Divergence on the RSI, a breakout of a falling channel. All this mix needs in some volume. If the price action continues as I suspect it will along the path laid out in my chart we will see a macro pattern form an Ascending Triangle which will bring us to the higher time frame target. Aside from technicals this project has a great team behind it, amazing partnerships and a use case to boot!
I have put together some useful information on this coin below.
Have a green week!
Savvy
SXP Price Live Data
The live Swipe price today is $2.26 USD with a 24-hour trading volume of $101,415,881 USD. We update our SXP to USD price in real-time. Swipe is up 1.46% in the last 24 hours. The current CoinMarketCap ranking is #152, with a live market cap of $434,107,594 USD. It has a circulating supply of 192,168,789 SXP coins and a max. supply of 239,612,084 SXP coins.
If you would like to know where to buy Swipe, the top exchanges for trading in Swipe are currently Binance, Mandala Exchange, CoinTiger, Upbit, and FTX. You can find others listed on our crypto exchanges page.
What Is Swipe (SXP)?
Swipe is a platform that looks to form a bridge between the fiat and cryptocurrency worlds with its API that is designed to create global payment cards powered by its native SXP token.
Swipe also has an on-chain product called Swipe Swap, an Automated Market Maker which is forked by Uniswap, SushiSwap, and THORchain and is powerd by Swipechain.
This ecosystem is powered by the Swipe Token (SXP), which functions as the fuel for the Swipe Network, and is used for paying transaction fees, and securing Swipechain through bonding and governance.
Who Are the Founders of Swipe?
Swipe was founded by Joselito Lizarondo, an early Bitcoin investor and individual with a wealth of experience in startup businesses. Lizarondo currently serves as CEO of the platform.
In July 2020, it was announced that Swipe was acquired by Binance — one of the world's leading digital asset exchanges — for an undisclosed sum.
What Makes Swipe Unique?
Swipe currently powers the world's largest digital asset exchanges, Binance and FTX, connect to the world's largest payment network, Visa, through its Swipe API.
The Swipe API enables real-time cryptocurrency to fiat conversions with just a swipe of a debit card at a point of sale or ecommerce transaction which enables Swipe to create a frictionless user-expereience for its clients. Bundled in the Swipe API is Swipe Rewards, a card-linked-offer cashback network that lets cardholders earn up to 30% back at participating retailers.
How Is the Swipe Network Secured?
Swipe (SXP) is an ERC-20 token, as a result, its integrity is maintained by Ethereum's proof-of-work (POW) consensus mechanism and massive node network.
Swipechain utilizes a Byzantine Fault Tolerance consensus mechanism via Delegated Proof of Stake (DPoS).
Where Can You Buy Swipe (SXP)?
The Swipe token is currently available to trade on more than 50 different exchanges, including several of the largest and most reputable platforms — including Binance, KuCoin and Poloniex.
SXP is currently listed against a variety of cryptocurrencies, including Tether (USDT), Bitcoin (BTC) and Ethereum (ETH), as well as several fiat currencies, like Korean won (KRW), euros (EUR), and U.S. dollars (USD). For more information about purchasing cryptocurrencies with fiat, check out our comprehensive guide.
GBPUSD H4 - Short SetupGBPUSD H4
Again, full technical commentary in the video above, cable has been a really good pair to follow during recent trade. Solid resistance price of 1.38, multiple confluence zone that's offered 3 shorting opportunities over the last week or so.
In line with DXY, we could see a bearish breach of 1.37 if DXY performs as expected with a target of 94.500 (YH's). Thus pulling cable nearer the 1.36200 price.
Polkadot Price AnalysisDOT is trading within a tight range after bouncing off the psychological level of 40 earlier in the week. On Wednesday, the altcoin has been on a rebound for two consecutive sessions. Subsequently, it hit an intraday high of 45.53 on Thursday before pulling back. On a three-hour chart, it is trading above the 25 and 50-day exponential moving averages.
In the immediate term, I expect the crypto to trade within the horizontal channel of between Thursday’s high of 45.53 and along the 25-day EMA at 42.65. Above the channel’s upper border, the bulls will strive to retest the year’s high of 49.75. On the flip side, a move below the lower border will likely have the bears retesting the support zone of 40.00.
Feel free to get in touch for premium trade signals
Dogecoin Price Analysis ( October)After soaring to its highest level in more than a month on Monday, DOGE has reversed most of the week’s gains. The altcoin has dropped by over 10% to find support at October’s crucial level of 0.2400. On a two-hour chart, it is trading along with the 25-day EMA and slightly above the 50-day EMA.
In the near term, I expect the altcoin to continue finding support at 0.2400. It will likely trade within a tight range as the bulls gather enough momentum for a breakout. From this perspective, the horizontal channel’s upper border will probably be at the prior resistance zone of 0.2497.
If the bulls manage to push Dogecoin price past that level, the next target will be at 0.2555. On the flip side, a move below 0.2400 will have the bears testing the lower support level of 0.2357.
VeChain Price AnalysisThe four-hour chart shows that the VeChain price has been moving sideways recently. Along the way, the coin has formed an inverted head and shoulders pattern. The price is also consolidating at the 25-day and 50-day moving averages. It is also at the right shoulder.
Therefore, while it is too early to tell, the price will likely break out higher in the near term. This bullish view will be invalidated if the price manages to move above the neckline at around $0.1300.
On the flip side, a drop below the support at $0.1100 will invalidate the bullish view.
Feel free to get in touch for premium trade signals
BCH Price StandpointBitcoin Cash is holding steady above the support level of 600 as the bulls strive to retest the weekend’s high of 650. Since the beginning of the month, it has risen by about 22% having extended its rebound from below the psychological level of 500 late in September.
On a four-hour chart, it is trading slightly above the 25 and 50-day exponential moving averages. Besides, the formation of an inverted head-and-shoulder pattern, which is a bullish pattern, points to further gains.
In the short term, BCH price will likely hold steady above the support zone at 600 while gathering enough bullish momentum to reach and surpass the next target at 650.91. Above that zone, the next level to watch out for will be the prior resistance level at 675.61. However, this thesis will be invalidated by a move below the support zone of 600.
DXY H4 - Long SetupDXY H4
Carried forward from last week, USD has been performing well, certainly favouring bulls, especially after shaking off the NFP figures from last week.
New highs ideally required, indicated with the arrows and annotations. A break and subsequent retest of 94.450 would be great.