#DATA/USDT Ready to go up#DATA
The price is moving in a descending channel on a 1-day frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.03066
We have an upward trend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 0.04040
First target 0.04541
Second target 0.05020
Third target 0.05735
Dataanalysis
#DATA (SPOT) entry range( 0.03400- 0.0427) T.(0.0643) SL(0.0330)BINANCE:DATAUSDT
entry range ( 0.03400- 0.0427)
Target1 (0.0643)
2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (0.0330)
1:2 Trade
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA****
DATA Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
DATA is in a bearish trend and close to its all-time low of $0.02010. It will likely reach a new all-time low if the decline continues.
A rebound can be expected from the lower support trendline at $0.0157. The RSI is close to the oversold zone, indicating a further downtrend followed by a potential rebound toward the resistance trendline.
Key levels:
- All-time low: $0.02010.
- Lower support: $0.0157.
- Accumulation range: $0.0157-$0.02010.
- Mid-term Target: 2x-3x gain.
- Long-term Target: 10x-15x.
DYOR, NFA.
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#DATA/USDT#DATA
The price is moving in a bearish channel on the 4-hour frame and is adhering to it to a large extent
The price rebounded well from the green support area at the support level of 0.04700, which is a strong level
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold saturation on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 0.0500
The first target is 0.0575
The second target is 0.06260
The third goal is 0.07000
DATAUSDT.2HThe chart you've provided is for Streamr DATAcoin (DATA) traded against Tether (USDT) on a 2-hour time frame. Let's dive into the technical analysis:
Ichimoku Cloud: The price action is within the Ichimoku Cloud, suggesting indecision in the market. A breakout above the cloud could indicate a bullish trend, whereas a drop below might signal a bearish phase.
Resistance Levels (R1, R2): There are resistance levels marked on the chart. R1 is not too far above the current price, indicating that it may act as a near-term barrier for price appreciation.
Support Level (S1): The support level is quite a bit below the current price. If this level is breached, it could signal further bearish sentiment, potentially leading to larger price declines.
RSI (Relative Strength Index): The RSI is just above 40, which is on the lower end of the neutral zone. This could indicate slight bearish momentum or potentially a consolidation phase.
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and the histogram is negative, both of which suggest bearish momentum. It would be prudent to watch for any potential crossover above the signal line for signs of a changing trend.
Volume: There isn't a visible volume indicator on this chart, which would help to confirm the strength behind any price moves.
Conclusion:
Based on the current chart, it seems that DATA/USDT is in a phase of uncertainty, with the price moving within the Ichimoku Cloud. The market appears to be waiting for a catalyst to determine direction. The bearish bias in both RSI and MACD suggests that caution is warranted. A breakout above the cloud and resistance levels, accompanied by increased volume, could be a bullish signal. Conversely, a break below the support level could lead to further declines. As always, it’s important to consider multiple indicators and market factors and to manage risk carefully when trading.
The Cores of Price Analysis: Trend Following vs. Mean ReversionIn the world of financial markets, predicting future price movements is akin to unlocking a treasure chest. Two of the most prominent methodologies used by traders and analysts to decipher market movements are Trend Following and Mean Reversion. Each approach offers a unique perspective on how markets behave and provides strategies for capitalizing on this behavior. In this article, we'll dive into the core concepts of these methodologies, explore how they can be implemented, and touch on basic processing techniques like smoothing and normalization, which enhance their effectiveness.
Trend Following: Surfing the Market Waves
Trend Following is based on the premise that markets move in trends over time, and these trends can be identified and followed to generate profits. The essence of trend following is to "buy high and sell higher" in a bull market, and "sell low and buy back lower" in a bear market. This method relies on the assumption that prices that have been moving in a particular direction will continue to move in that direction until the trend reverses.
How to Implement Trend Following
1. Identifying the Trend: The first step is to identify the market trend. This can be done using technical indicators such as moving averages, MACD (Moving Average Convergence Divergence), or ADX (Average Directional Index). For example, a simple strategy might involve buying when the price is above its 200-day moving average and selling when it's below.
2. Entry and Exit Points: Once a trend is identified, the next step is to determine entry and exit points. This could involve using breakout strategies, where trades are entered when the price breaks out of a consolidation pattern, or using momentum indicators to confirm trend strength before entry.
3. Risk Management: Implementing stop-loss orders and adjusting position sizes based on the volatility of the asset are crucial to managing risk in trend-following strategies.
Basic Processing Techniques
- Smoothing: To reduce market noise and make the trend more discernible, smoothing techniques such as moving averages or exponential smoothing can be applied to price data.
- Normalization: This involves scaling price data to a specific range, often to compare the relative performance of different assets or to make the data more compatible with certain technical indicators.
Mean Reversion: Betting on the Elastic Band
Contrary to trend following, Mean Reversion is based on the idea that prices tend to revert to their mean (average) over time. This methodology operates on the principle that extreme movements in price – either up or down – are likely to revert to the mean, offering profit opportunities.
How to Implement Mean Reversion
1. Identifying the Mean: The first step is to determine the mean to which the price is expected to revert. This could be a historical average price, a moving average, or another indicator that serves as a central tendency measure.
2. Identifying Extremes: The next step is to identify when prices have moved significantly away from the mean. This can be done using indicators like Bollinger Bands, RSI (Relative Strength Index), or standard deviation measures.
3. Entry and Exit Points: Trades are typically entered when prices are considered to be at an extreme deviation from the mean, betting on the reversal towards the mean. Exit points are set when prices revert to or near the mean.
Basic Processing Techniques
- Smoothing: Similar to trend following, smoothing techniques help in clarifying the mean price level by reducing the impact of short-term fluctuations.
- Normalization: Especially useful in mean reversion to standardize the deviation of price from the mean, making it easier to identify extremes across different assets or time frames.
Conclusion
Trend Following and Mean Reversion are two fundamental methodologies in financial market analysis, each with its unique perspective on market movements. By employing these strategies thoughtfully, along with processing techniques like smoothing and normalization, traders and analysts can enhance their understanding of market dynamics and improve their decision-making process. As with any investment strategy, the key to success lies in disciplined implementation, thorough backtesting, and effective risk management.
NZDCHF LONG SWING TRADEConsider entering a long position on the NZD/CHF pair at 0.53160 with a stop loss set at 0.51933. This trade reflects a potential upward movement based on my analysis strategy. The risk-reward ratio stands at approximately 1.9, offering a favorable balance between potential gains and losses. Monitor market conditions and be prepared to adjust the position accordingly.
DATAUSDT.4HBased on the provided market data, the currency DATA is currently trading at $0.049 against USDT.
Looking at the 4-hour chart, the Relative Strength Index (RSI) stands at 53.02, which is neutral, indicating that the asset is neither overbought nor oversold. The MACD is positive at 0.0028, suggesting a bullish momentum. However, the price is below the Bollinger Band's middle line of 0.069, indicating a bearish trend. The immediate support levels are at 0.048, 0.040, and 0.033, while the resistance levels are at 0.054, 0.069, and 0.075.
On the daily chart, the RSI is at 62.22, indicating a slightly bullish sentiment. The MACD is also positive at 0.0027, suggesting bullish momentum. The price is below the middle line of the Bollinger Bands, indicating a bearish trend. The support levels on the daily chart are at 0.051, 0.038, and 0.028, with resistance levels at 0.061, 0.072, and 0.076.
On the weekly chart, the RSI is at 73.25, indicating overbought conditions and a potential for price correction. The MACD is positive at 0.0056, indicating a strong bullish momentum. The price is slightly above the middle line of the Bollinger Bands, indicating a bullish trend. The support levels are at 0.038, 0.029, and 0.020, with resistance levels at 0.067, 0.073, and 0.1061.
In conclusion, while there are bullish signals from the MACD on all three timeframes, the RSI on the 7-day chart indicates overbought conditions which could potentially lead to a price correction. Meanwhile, the price being below the Bollinger Bands middle line on the 4-hour and daily charts indicate a bearish trend. Traders should keep an eye on these indicators and act accordingly. As always, it's important to consider other market factors and your risk tolerance before making investment decisions.
Trade in reverse zone (DATA)❤️❤️Thanks for boosting 🚀 and supporting us!
📈we have in any trend position just wait for come to zone.
Buy : 0.548
sell : 0.1062
🔴 Stop Loss :
Buy : 0.0471
sell : 0.11218
🎯 Take Profit : 0.0631-0.0714-0.0814-0.0921-0.1063-0.111
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AUDCAD - Are we in 2006?Taking a look on how this pair trades led me to find similar patterns in the past that we may be going through in the charts today.
Market moves labeled from W - Z showing approximately where we stand.
Based off what we see this would be a signal to mainly look for long positions over shorts in the long run.
As we creep into 2024 this gives us a quick bull run into 2025 anticipating future downdraw.
This would put us in a sideways market like shown around the '06 - '09 years.
With this data you can match your research to add confluence in your investment strategy, trade ideas, and much more.
*Not Financial Advice - DYDD*
BluetonaFX - Forex Weekly RecapHi Traders!
Forex Weekly Recap for 11–15 September, 2023:
Fundamentals
Bank of Japan's (BoJ) Governor Ueda stated that his focus is on a "quiet exit" to avoid significant impacts on the market. Other key mentions from him were:
They could have enough data by year's end to determine whether they can end negative rates.
The BOJ will patiently maintain an ultra-loose policy.
Wage increases are beginning to push up service prices. The key is whether wages will keep rising next year.
Bank of England’s Mann noted that she prefers to use Economic Rates of Return (ERR) on the side of overtightening; other key mentions from her were:
If she is wrong and inflation and the economy drop more significantly, she wouldn't hesitate to cut rates.
We all need to prepare for a world where inflation is more likely to be volatile.
The European Central Bank (ECB) hiked interest rates by 25 basis points as expected, bringing the interest rate to 4.00% vs. 3.75% prior. At the press conference, President Lagarde highlighted the slowing of the Eurozone economy. Other key mentions from her were:
Rates will remain at sufficiently restrictive levels for as long as necessary.
Rates were hiked to 'reinforce commitment to our target'.
The economy is likely to remain subdued in the coming months.
In the coming months, inflation will fall.
Key Data
The UK August Payroll came in worse at -1K vs. 30K expected and -4K prior (revised from 97K):
The July unemployment rate came in as expected at 4.3%, up from 4.2% prior.
July employment change came in worse at -207k vs. -185k expected and -66k prior.
The German September ZEW survey came in worse at -79.4 vs. -75.0 expected and -71.3 prior.
The Japanese PPI came in better month over month and came in as expected year over year.
PPI M/M came in better at 0.3% vs. 0.1% expected and 0.1% prior.
PPI Y/Y came in as expected at 3.2% and 3.4% prior (revised from 3.6%).
The UK monthly GDP came in worse at -0.5% vs. -0.2% expected and 0.5% prior.
The US CPI came in better year on year and came in as expected month on month:
CPI Y/Y came in better at 3.7% vs. 3.6% expected and 3.2% prior.
CPI M/M came in expected at 0.6% and 0.2% prior.
The Australian August Jobs Report came in better across the board.
Employment change came in better at 64.9K vs. 23.0K expected and -14.6K prior.
Full-time employment came in better at 2.8K vs. -24.2K prior.
Part-time employment came in better at 62.1K vs. 9.6K prior.
The unemployment rate came in as expected at 3.7% (same as prior).
The US jobless claims beat expectations across the board.
Initial Claims: 220K vs. 225K expected and 217K prior (revised from 216K).
Continuing Claims: 1688K vs. 1695K expected and 1684K prior (revised from 1679K).
The US retail sales came in mixed across the board:
Retail sales M/M came in better at 0.6% vs. 0.2% expected and 0.5% prior (revised from 0.7%).
Retail sales Y/Y came in worse at 2.5% vs. 2.6% prior (revised from 3.2%).
The US August PPI came in better across the board:
PPI Y/Y came in better at 1.6% vs. 1.2% expected and 0.8% prior.
PPI M/M came in better at 0.7% vs. 0.4% expected and 0.4% prior (revised from 0.3%).
The New Zealand Manufacturing PMI came in worse at 46.1 vs. 46.6 prior.
Technicals
There was a strong end to the week for the US dollar after a slow start to the week against its major counterparts.
AUDUSD 1W Chart
AUDUSD again tested the 2023 low at 0.63646 and found support there. There was more bullish momentum at the support level this week to take the market near the 0.65000 level, which the market has not seen in a couple of weeks. The outlook on this pair is bullish, as it looks to be oversold.
USDJPY 1W Chart
USDJPY is quickly approaching 150. The market is now trading just under the 148 level. The 150 level lines up perfectly with the top of the ascending channel.
EURUSD 1W Chart
EURUSD is still continuing to head downwards after the support break of the rising wedge. The market has now broken below the 1.07000 handle, and there is an area of support around the 1.06000 level.
GBPUSD 1W Chart
GBPUSD is continuing its bearish momentum after the wedge support break. There is an area of support near the 1.23805 level.
The key focus for the upcoming trading week will be:
Monday: New Zealand Services PMI,
Tuesday: Reserve Bank of Australia Meeting Minutes, US Building Permits, and Housing Starts
Wednesday: UK CPI, FOMC Policy Decision
Thursday: New Zealand GDP, Swiss National Bank Policy Decision, BoE Policy Decision, US Jobless Claims
Friday: Japan CPI, Bank of Japan Policy Decision, UK Retail Sales, Flash PMIs for Australia, Japan, UK, Eurozone, US
We will be back with another Forex Weekly Recap report next week.
Best of luck for the upcoming trading week ahead. Trade safely and responsibly.
BluetonaFX
USDX BULLRUN EXTHere we see the KING of all pairs, the USD INDEX. It is about time we did a chart on the mac daddy of all price action, the Dollar BASKET.
What we have framed here is a solid RETEST of the bear trend that started last year once everyone WOKE UP and realized the dollar is garbage.
However Powell and the FED are not done and a long run of strong USD data, including a very good jobs report, has been proping up the dollar.
From a technical aspect there was a very solid TREND LINE BREAK and a subsequent DOUBLE RETEST around the 102.5 Area, followed by a BREAK of the RESISTANCE that was established by the bull move that broke our bear trend line.
Currently we are seeing a RETEST of this RESISTANCE TURNED SUPPORT and assuming this area can hold the next fib zone should be a stop at 105.5 area, as we see multiple tests here. PMI and FOMC minutes should provide more volumes for any potential move this week.
Technical | Fundamental | Emotional | DataBINANCE:BTCUSDT
COINBASE:BTCUSDT
BITSTAMP:BTCUSD
COINBASE:BTCUSD
INDEX:BTCUSD
BYBIT:BTCUSDT.P
INDEX:BTCUSD
Market moves on Zig-Zag
Those who think it will keep going lower straight without retracement they are wrong (Sideway is possible)
Fundamental :
-Coinbase Sells (SilkRoad BTC Dumping)
-Tax
-KuCoin Fud
-Binance Fud
FUNDAMENTAL = Bearish (But things can change quickly)
Technical :
Retracement :
20,800
Resistance :
21,400
Support :
19,000
Emotional :
-Market is full of fear and the majority is bearish
-Panic
-Bias
Data :
-Huge liquidity at 18K
-90% Longs Liquidated
-Interests are negative
Keep an Eye :
-March 14th (Tuesday) CPI
-Mtgox BTC (April)
-ES / SPX
DAT USDT TODAYPLZ DO NOT SELL MY SIGNALS
1-Apply your own risk management.
2-Daily and Weekly Targets
3-Hunt the profits at any level you see convenient for you.
4-Green Zone for entry, I'll Put 03 Entries 0.0444/0.0419/0.0385
5-Red Level Exit by OCO
6-Yellow levels are targets.
have a good day guys.
BTC Technical | Fundamental | Statistics | Emotional AnalysisBITSTAMP:BTCUSD
COINBASE:BTCUSD
INDEX:BTCUSD
BITFINEX:BTCUSD
BINANCE:BTCUSD
KRAKEN:BTCUSD
BINANCE:BTCUSDT
KUCOIN:BTCUSDT
OKX:BTCUSDT
COINBASE:BTCUSDT
Technical Analysis :
We are currently at wave 5
After we finish wave 5 the ABC starts
The Trend is up (We wanna make sure that we have a proper risk management when we start this position)
Strong Resistance at 25300$-25500$ (We had 2 waterfalls in the past at this resistance)
Fib Levels :
23.6 : 22700$
38.2 : 21300$
50 : 20200$
61.8 : 19100$
Breaking 24200$-23800$ Confirms This “IDEA”
Fundamental Analysis :
-DXY is going Up with BTC which surprised a lot of traders
(maybe the reason Behind this PUMP is Binance USD (BUSD|USDC) Coinbase USD we saw millions of dollars minted by them)
-Today we have USD PPI/Job claims data released (16th FEB)
-BUSD FUD news is in the corner it seems that we have a battle between Coinbase and Binance
(Paxos seems in trouble)
Data/Statistics :
-At The moment Longs are more than shorts we could see more short liquidation at 25300$
-15B$ Liquidation at 25300$ (Shorts)
-20B$+ Liquidation at 20800$ (Longs)
Emotions Analysis :
-Bears are in disbelief
-Bulls are in profit maybe (euphoria) soon ….
-Fear greed index is at (Greed)
Thank you for reading maybe I update this idea in future I hope it helps some traders out there <3
*This is not an financial advice make sure to follow your own personal Ideas/Plans
If you believe this idea is useful make sure to support it for more ideas in future
Best of luck to Bears & Bulls