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GBP/JPY Analysis: Potential Retest and Downside MomentumGBP/JPY is currently trading at 189.962, showing signs of potential downside momentum. Here's a concise breakdown: 1. Technical Levels: - Current Price: 189.962 - Retest Zone: Keep an eye on the 190.050 level for a possible retest. - Downside Target: Targeting the demand zone around 188.884 for potential support. 2. Trade Setup: - Short Opportunity: Consider short positions if price confirms resistance near 190.050. - Risk Management: Set stop-loss orders above the retest level to manage risk. - Profit Target: Aim for the demand zone at 188.884, adjusting based on price action. 3. Market Context: - Monitor GBP and JPY-related news for potential catalysts driving price action. - Assess broader market sentiment and risk appetite for additional insights. 4. Trading Approach: - Exercise patience and wait for clear confirmation before entering trades. - Stick to your trading plan and remain disciplined throughout the trade. 5. Adaptation: - Stay flexible and adjust your strategy as new information becomes available. - Be prepared to reassess if price action deviates from the anticipated scenario. --- Please like comment and follow bundle of thanks for your love and support.
Short
by Forex_Haleh_signals_professor
2
$BINANCE:LPTUSDT To Reach $14 if it broke the $9.35 MarkBINANCE:LPTUSDT has a target beyond the $10 Mark i wrote about before, which is the $14 Range, almost 100% increase From Current Price. Writing this Idea, Currently we are in a Corrective Area, Colleting as much buyers as Possible to Impulse its away to The $12 Range, and a Possibility to do another Small Correction in that area before Finally Reaching the $14 Mark. We have two Major Price Points to look for Break Up $9.35 , We go up to $14. Break Down $5.50 , The Sequence is Broken and will be much likely not Reaching $14 and Start Huge Downtrend. This is not a Buy nor Sell Signal.
Long
by hitbones
6
$BINANCE:ETHUSDT 4220 SHORT Considering the current market trends and technical indicators, I'm initiating a SHORT position on BINANCE:ETHUSDT at 4220. This perspective is based on comprehensive trend analysis, Fibonacci retracements, and a developing head and shoulders pattern. Please remember, this is merely my trading strategy based on my market analysis and is not meant to serve as financial advice. Always do your research and consider your risk tolerance before entering any trades. Wishing everyone the best of luck in your trading endeavors!
Short
by laoowai
3
Basic Technical and COT Analysis on AUDUSD ShortAUDUSD Short Late/Re-entry Price has come back down to the last swing low/base made before what was essentially a two week bull run. We have broken past this area and come back to retest it. When price came back to retest this key zone, we saw it touch the 61.8% fib retracement level. Non-Commercial traders, as can be seen through COT filings, are a majority short AUDUSD. 128,816 short positions are currently held by Non-Coms vs 49,640 longs. Latest COT filings do show a slight increase in Net Positions (Longs-Shorts) compared to the previous. Possibly due to profit taking by Non-Commercials. Commercial Traders, who are in most cases contrarian to price, are a majority long. Commercials have 129,292 long positions open vs 39,515 shorts. My original entry was around 0.65491 on the 21st of Feb close. My SL was at 0.66249, just above what was then the swing high, but have now moved to 0.66008, just above the latest swing high.
Short
by DedoAUS
VETUSDT ANALYSIS As a novice in the realm of analysis, I've recently delved into analyzing VETUSDT using Fibonacci retracement levels on the weekly timeframe. My approach involves identifying key resistance levels and setting targets accordingly. Given my beginner status in analysis, I am eager to receive your insights and feedback on my method and conclusions. Additionally, I would greatly appreciate any guidance or suggestions you could offer to help refine my approach. Thank you for taking the time to consider my analysis and share your expertise. Your feedback will play a crucial role in my growth as a trader. Warm regards,
by alyazegia
USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
How to Become Rich in 2024 ? Best Altcoins to HODL !!!What is Altseason and Why is it Important? Altseason is a period of time when altcoins (alternative cryptocurrencies to Bitcoin) outperform Bitcoin. This usually happens during bull markets, when investors are more willing to take on risk. Altseason can be a great time to make big profits, but it's important to do your research and only invest in coins that you believe in. 6 Altcoins to Watch for the Bull Run 1. DYDX DYDX is a decentralized derivatives exchange that is built on the Ethereum network. It offers a variety of features that make it a popular choice for traders, including margin trading, perpetual contracts, and spot trading. DYDX has been on a tear in recent months, and it shows no signs of slowing down. DYDX has been in a clear uptrend since the beginning of the year. It has broken out of several resistance levels and is now trading at all-time highs. The RSI indicator is also showing bullish momentum, with a reading of 70. This indicates that DYDX is overbought, but it could still continue to rise in the short term. 2. OP OP is a layer-2 scaling solution for Ethereum that is designed to increase throughput and reduce fees. It is still under development, but it has the potential to revolutionize the way that Ethereum is used. OP is one of the most anticipated altcoins of 2023, and it could be a huge winner in the bull run. OP is currently trading in a large megaphone pattern. This is a bullish pattern that indicates that OP is likely to continue to rise in the short term. The RSI indicator is also showing bullish momentum, with a reading of 65. This indicates that OP is overbought, but it could still continue to rise in the short term. 3. ARB ARB is an Ethereum-based project that is developing a decentralized rollup solution. Rollups are a type of scaling solution that can significantly increase the throughput of Ethereum. ARB is one of the most promising rollup projects, and it could see significant growth in the coming months. ARB has been in a long accumulation phase. It has been slowly building a base of support, and it is now ready to break out. The RSI indicator is also showing bullish momentum, with a reading of 55. This indicates that ARB is not overbought, and it has room to run. 4. SOL SOL is a high-performance blockchain that is designed to support fast and scalable transactions. It has been one of the best-performing altcoins of 2023, and it shows no signs of slowing down. SOL is a good choice for investors who are looking for a fast and scalable blockchain. SOL has recently broken out of an ascending triangle pattern. This is a bullish pattern that indicates that SOL is likely to continue to rise in the short term. The RSI indicator is also showing bullish momentum, with a reading of 60. This indicates that SOL is not overbought, and it has room to run. 5. DOT DOT is the native token of the Polkadot network. Polkadot is a sharded blockchain that allows developers to create and connect their own custom blockchains. DOT is a good choice for investors who are looking for a blockchain that is interoperable and scalable. DOT has been slowly recovering from its all-time high. It is now trading in a range, and it is likely to break out soon. The RSI indicator is also showing bullish momentum, with a reading of 50. This indicates that DOT is not overbought, and it has room to run. 6. AVAX AVAX is the native token of the Avalanche network. Avalanche is a platform that allows developers to create and launch their own blockchain projects. AVAX is a good choice for investors who are looking for a blockchain that is fast, scalable, and secure. AVAX has recently broken out of a descending triangle pattern. This is a bullish pattern that indicates that AVAX is likely to continue to rise in the short term. The RSI indicator is also showing bullish momentum, with a reading of 65. This indicates that AVAX is overbought, but it could still continue to rise in the short term. Conclusion These are just a few of the many altcoins that have the potential to explode in the coming bull run. It's important to do your own research and only invest in coins that you believe in. However, if you're looking for a place to start, these 6 altcoins are a good option. 💬 Engage in the discussion: Share your experiences with risk management, ask questions, and join a community committed to fostering intelligent and secure trading practices. 🌐✨
Long
by Yaroslav_Krasko
3
Guide to Identifying Potential Profit Altcoins in 2024 Navigating the Altcoin Landscape in 2024 In the ever-evolving world of cryptocurrencies, identifying altcoins with the potential to deliver substantial profits is an art that demands a keen understanding of market dynamics. This comprehensive guide aims to equip you with the tools and insights needed to spot the most robust altcoins poised for success in 2024. Through detailed examples and comparisons, we'll delve into the nuances of strength, resilience, and upward potential. INJ vs BTC - Riding the Trend Waves 1. Analyzing INJ's Resilience: Explore the trading patterns of Injective Protocol (INJ) against Bitcoin (BTC). Highlight instances where INJ, despite mirroring BTC's patterns, has displayed remarkable resilience by not breaching crucial support lines. 2. Drawing Conclusions: Discuss the implications of INJ's refusal to break support lines. Emphasize the importance of following the trend and INJ's potential for continued upward momentum. MAV vs BTC - Decoding Bullish Structures 1. Unveiling MAV's Bullish Structures: Examine the consistent creation of higher lows by Mav Protocol (MAV) against Bitcoin. Contrast MAV's bullish structures with Bitcoin's struggles during various market movements. 2. Strategic Considerations: Extract trading insights from MAV's persistent creation of higher lows. Discuss the potential for MAV to outperform Bitcoin based on its bullish structure. AVAX vs BTC - Capitalizing on Market Shakeouts 1. Assessing AVAX's Post-Shakeout Strength: Analyze the aftermath of the recent market shakeout on Avalanche (AVAX) against Bitcoin. Highlight AVAX's substantial rebound in contrast to Bitcoin's more modest recovery. 2. Implications for Trading: Discuss the significance of AVAX's robust bounce after the shakeout. Explore the potential for AVAX to outpace Bitcoin in subsequent market movements. Conclusion: Forging Profitable Paths in 2024 As we conclude this exploration of potential altcoin powerhouses for 2024, remember that each comparison offers unique insights into the strength and potential of these digital assets. The ability to discern resilience, bullish structures, and post-shakeout strength positions you strategically in the cryptocurrency market. Stay vigilant, adapt your strategy as the market evolves, and use these insights to navigate the dynamic landscape of altcoin trading. 💡 Unveiling Altcoin Strength | 📈 Riding Trends | 🚀 Decoding Bullish Structures | 💪 Capitalizing on Market Shakeouts 💬 Engage in the discussion: Share your observations on altcoins displaying strength, inquire about nuanced trading strategies, and connect with a community dedicated to deciphering the potential winners in 2024. 🌐✨
Education
by Yaroslav_Krasko
2