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ETH/USDT 1DInterval Review ChartHello everyone, I invite you to review the chart of ETH in pair to USDT, on a one-day interval. First, we will use the yellow line to mark the downtrend from which the price has changed to an uptrend, then with the blue lines we will mark the uptrend channel, from which the price breaks out at the bottom, often leaving the channel gives a move similar in size to the channel, so you should take into account such an event. When we look at the EMA Cross 200, we see that the price has fallen below the blue line, which indicates a return to the downtrend, it is worth watching further behavior under this line. Moving on, we can move on to marking support areas when we start a larger correction. And here we have a visible support zone from $1667 to $1515, then there is a second strong support zone from $1367 to $1152 and then a strong support at $880 Looking the other way, we see that the price has reached an important resistance zone that it has not yet been able to overcome from $1920 to $2235. However, if we manage to get out of it higher, we still have resistance at $2,555, and then a very strong resistance at $3,008. Please look at the CHOP index, which indicates that we have a lot of energy to make a move, the RSI indicator shows a rebound and a sideways trend, while the STOCH indicator indicates that most of the energy has been used, which may give the price a rest.
by cryptodailyuk
1
Worrisome ? Saudi Arabia is appearing in the global marketThe development and use of artificial intelligence has been a source of much discussion and concern around the world. In this scenario, a country that has long been overlooked in the technological area begins to emerge; Saudi Arabia. It is a controversial country, which participates in several conflicts in the region, directly or indirectly, and which has a bad record of human rights. However, it seeks to modernize and become a technological hub in the region. To do this, it adopts a curious strategy: investing in soccer. The Saudi national championship features names like Cristiano Ronaldo and Neymar Junior, as well as some European coaches, who were hired for astronomical values. But what is the purpose of this? It is not just a passion for the sport, but rather a way of diversifying its image and attracting investments. Macroeconomics As the largest Arab economy and one of the largest in the world, Saudi Arabia expects to reach a GDP of over 1 trillion dollars in 2023. However, its economic performance still faces many challenges, such as inflation, unemployment, public debt and current account deficit. In addition, the kingdom seeks to reduce its dependence on oil, whose prices are unstable and subject to external shocks. An example of this was the Covid-19 pandemic, which caused a 4.1% drop in GDP in 2020. Faced with this scenario, the Saudi government implemented measures of fiscal stimulus, public accounts adjustment and economic and social diversification, within the framework of the Vision 2030 plan. These measures favored the recovery of the economy in 2021, with an estimated growth of 8%. For the next few years, the prospects are positive, but moderate: a growth of 3.1% is expected in 2023 and 3.5% in 2024. Table of data for 2020 and current 2023: Source: Nasdaq.com; Al-Monitor The Saudi oil sector It is controlled by the state-owned Saudi Aramco, the largest company in the world in market value and oil extraction. It produces 9.2 million bpd (barrels of oil per day), 9% of world production and half of the bloc’s capacity. The company also influences the global fossil fuel market by its extraction policy and its agreements with OPEC+. In 2020, it led an agreement of the organization to reduce extraction by 9.7 million bpd, 10% of global supply, until April 2021. In 2023, it also announced voluntary cuts in its extraction, with Riyadh saying it would reduce oil by 400 thousand bpd from May until the end of 2023. In addition, it extended the voluntary cut of one million bpd for another month, until July 2023. These measures aim to balance the fossil fuel market and avoid an oversupply. In August 2021, the price of Brent (international reference) was around US$ 72 per barrel, an increase of about 40% compared to the beginning of the year. And a recovery of about 80% compared to the lowest level recorded in April 2020 (US$ 40 per barrel). This high was sustained by the reduction of OPEC+ supply, by the improvement of demand with vaccination and by the expectation of a global economic recovery. The oil sector faces uncertainties and risks, such as the Delta variant of Covid-19, which can reduce the demand for oil, geopolitical tensions and the energy transition to renewable sources. Remember that the war between Russia and Ukraine has a direct impact on this sector, as oil is a strategic and essential resource for the development of many countries. Factors such as supply shortage, energy insecurity, geopolitical tension and emergency stock release affect fossil fuel prices, generating impacts on inflation, transportation, production, and consumption. How to solve this problem? It is important to seek peaceful and diplomatic solutions for the conflict in Ukraine, as well as sustainable and renewable alternatives for the global energy matrix. Oil consumption depends mainly on the level of economic activity of consumer and importer countries, which can increase or decrease their demand. WTI and Brent Oil Technical Analysis WTI Futures To be more precise, WTI suffered a slight drop from 127 to 66.87, resulting in a range between 69.84. In the chart below, we can observe that this corresponds to an accumulation pattern, based on Wyckoff’s structure. Stock data of this fossil fuel still indicate scarcity, as extraction was reduced since the beginning of the pandemic. There was a significant decrease in extraction between 2021 and 2022, compared to the period from 2017 to 2019, when it was much higher. In addition, the ESG sustainable movement agendas have long sought to reduce oil extraction, aiming to raise awareness about the use of fossil fuels worldwide. A more detailed analysis of the daily oil chart reveals an accumulation range. In the month of June, there was a significant increase in buying volume, indicating investor interest in buying. I believe this accumulation range will last for some time. After that, investors should wait for signs of interest rate cuts, which may occur in 2024. Jerome Powell does not signal a cut, but rather increases in interest rates. As we know, lowering inflation in the US economy is a challenge for the Federal Reserve, which directly affects the price of crude oil. The same pattern seems to repeat itself when we examine the Brent oil CFD. Again, we observe an accumulation structure during this period. We can also identify a bearish channel. Even with the buying flow since June, the market may return to the range between 86 and 70 until there are signs of improvement in economic data. What I mean by that is that Saudi Arabia, along with the United Arab Emirates, took advantage of the appreciation of oil to generate more wealth and profitability. This positively impacted the Middle Eastern countries. High oil prices benefited the countries, which increased their production, revenue and geopolitical influence, and they bought clubs, made sports partnerships, opening doors for diversification. Country’s Investments in Technology Saudi Arabia has invested billions of dollars in technology and innovation, as part of its plan for economic diversification and social modernization. The country has sought to become a hub for research and development in areas such as artificial intelligence, cloud computing, biotechnology, robotics, and cybersecurity. One of the examples of these investments is the purchase of 3,000 H100 chips from Nvidia, each valued at US$ 40,000, by the King Abdullah University of Science and Technology (Kaust), a national public research institution. These chips are essential for the development of artificial intelligence software, especially those based on the GPT-3 model. Kaust plans to use Nvidia’s chips to create its own ChatGPT, an intelligent conversation system that can interact with users in Arabic and English, answering questions, providing information and offering services. In addition to Kaust, other national institutions and companies have also bought chips from Nvidia to develop artificial intelligence projects. For example, the Saudi Telecom Company (STC), the largest telecommunications operator in the country, acquired 1,000 H100 chips to create a cloud computing platform that offers AI services to corporate and governmental customers. As we explore the implications of Saudi Arabia’s controversial ambitions, it is essential to consider how these actions are shaping global relations and, more specifically, the impact they have on leading companies in the technological scenario, such as Nvidia. What does NVIDIA have to do with it? Nvidia has stood out remarkably in relation to other companies in the development of chips for artificial intelligence, arousing the interest of Middle Eastern countries. But, this rise, caused some concerns to the United States, which began to impose trade restrictions in the region. To better understand why Nvidia has stood out in this scenario, I decided to create a qualitative and quantitative analysis. Let’s explore the reasons behind Nvidia’s continued success in the field of technology. My goal is to show how Nvidia is benefiting from innovation in its sector and how this can impact its market performance. Qualitative analysis NVIDIA Nvidia is a company known for its products aimed at gaming, but that also stands out in the sector and in the race of artificial intelligences. The company positions itself as a leader and reference in this field, being one of the most valuable in the world. In 2020, its revenue was US$ 16.68 billion and, in August 2021, its market value was US$ 538 billion. With more than 18 thousand employees in more than 30 countries, Nvidia has strategic partnerships with technology giants such as Google, Microsoft, Amazon, Facebook, and Tesla. Relevant Details of the Sector of Activity: The semiconductor sector, in which Nvidia operates, is very competitive and innovative. Semiconductors are essential for the manufacture of electronic components and require efficient chips to meet growing demands. Nvidia differentiates itself by its experience in GPUs optimized for parallel processing and AI. In addition to having a solid presence in games, the company also offers solutions for cloud, data centers, IoT and other areas. For this, it invests continuously in research and development. SWOT analysis: _____ Strengths: * Market leadership in the CCaaS segment. * An open and flexible platform that integrates various cloud communication and collaboration solutions. * High quality and security of the services offered by the company. * Strong revenue and profit growth in recent years. Weaknesses: * Dependence on the North American market, which accounts for approximately 70% of the company's revenue. * Vulnerability to cyberattacks and privacy breaches. * Difficulty in retaining and attracting qualified talent in the technology sector. Opportunities: * Increased demand for cloud communication and collaboration solutions due to the COVID-19 pandemic and trends in hybrid work and online education. * Expansion into new geographical markets and customer segments. Development of new products and services that add value to customers and generate recurring revenue. * Strategic partnerships with other technology companies to enhance integration and interoperability of the company's solutions. Threats: * Intensified competition in the CCaaS segment, with the entry or strengthening of major market players such as Microsoft, Google, Cisco, and Facebook. * Regulatory or legal changes that could impact the SaaS sector or the CCaaS segment. * Reduced demand for cloud communication and collaboration solutions after the end of the pandemic or the return to in-person activities. Source: Seeking Alpha _____ Fundamental Analysis Going straight to the point about the financial health and performance of the company. For this, let’s use the financial data from the second quarter of fiscal year 2024 (ended July 31, 2023). The financial indicators that we will consider are: EBITDA, CFO, ROE, ROIC, Gross Margin and Operating Margin. Source: Yahoo Finance According to the data, it presents good indicators of profitability, cash generation and margins, despite the drop in revenue and profit compared to the previous year. The company stands out in the data center segment, which grew 61% compared to last year. It faces some challenges, such as Russia’s sanctions and China’s lockdowns, which may affect its performance in the future. But the company continues to invest in innovation and expansion, such as the acquisition of ARM and the launch of the Omniverse platform. NVIDIA is a leader in the graphics chip market, with potential to grow even more in the coming years. Source: Yahoo Finance The company has a liquidity of 5.07, which indicates good liquidity. This means that the company has more than enough to cover its short-term obligations. The company has a debt of 0.19, which indicates low debt. This means that the company has a healthy capital structure and is not heavily leveraged. We can conclude that Nvidia has a solid financial position and that it can take advantage of growth opportunities in the technology market. It has also shown consistent results and exceeded expectations. That is why it is considered one of the best in the technology sector. NVIDIA Technical analysis: Translate: But if we look deeper, the video increases since October 2022. If we look closely at the year 2022, it was a year in which the S&P 500 had a very large devaluation compared to the year 2021: It's evident that major stocks listed on Nasdaq and NYSE have also been impacted by this performance, with balances well below expectations and generating significant pessimism. From October 2022, we began to observe a gradual recovery in major stocks listed on Nasdaq and NYSE, although this began in June when there was an increase in purchases on June 21. Despite the sharp decline, there was a recovery from this drop, forming a range where investors took advantage of the pessimism to buy stocks. The movement observed at the bottom on October 3 corresponds to a “spring,” indicating the end of the downtrend. 2023 has been a positive year for Nvidia, and the recent surge could further boost share prices if it breaches the 483 region. After examining the impact of Nvidia on the global technology scenario, we see that technological innovations are not always used positively. We do not know how far Saudi Arabia plans to go, but its ambition and power raise doubts. The country is a controversial figure in the global scenario and with all the investment in technology and innovation, they can generate concerns for the international community. I hope this article was useful and informative for you. Thank you for your reading. Source: Reuters, Financial Times, Investing.com. Tradingview.com, Yahoo Finance
NASDAQ:NVDALong
by Victoredbr
WIPRO: PICK OF THE YEARWipro Looks Great with Technical Analysis! There are a lot of hidden reasons for selecting Wipro as the Pick of the Year. Let me show you: First, Wipro and Nifty Ratio Chart This is a hidden Information, and see how chart is taking support Secondly, Wipro and NiftyIT Ratio Chart Again a hidden information and See how Wipro is taking support in this also Both of Above information suggesting a good support after a long time in Wipro And this support can give you the best investment price. Third, watch how Wipro is taking support on Monthly chart It was a resistance trendline where Wipro gave a breakout few years back and now it is retesting those levels, and is consolidating. This can be a good Demand Zone and we can expect a price reversal Also, if you notice the previous Wipro High, It is giving Wipro a Horizontal Support. And the best part is, the level is 0.618 Fibonacci Zone, that too in a Monthly Chart. Fourth, Fundamentals are still great with Profits increasing every year. FIIs and DIIs have increased there stakes in the company last quarter, so this information can be a highlight for us to invest in WIPRO. With all these analysis, I think Wipro can be a very good reversal stock for next few months, and we can see a good up move in Wipro. This all reasons make me pick WIPRO as the PICK OF THE YEAR. What do you think about this idea?
NSE:WIPROLong
by NikunjBangad
7
GANESH HOLDINGS -WEEKLY TIME FRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
BSE:GANHOLDLong
by Tradelikemee
DOT/USDT 1D Interwal ReviewHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the downtrend channel in which the price is currently moving. At this point, it is worth including EMA Cross 10 and 30, which indicate the place of transition into a downtrend in which the price is still maintained. Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at the price of $4.24, where the price remains, while further we have a strong support zone from $4.06 to $3.88. Looking the other way, we see that the price needs to break through the resistance zone from $4.49 to $4.72, then we have a second visible zone from $4.90 to $5.09, then resistance at $5.35, and another resistance at $5.68. On the CHOP index, we see that most of the energy is used, on the RSI we are moving at the lower end of the range, while the STOCH indicator is also moving at the lower end, which may indicate an imminent change in price direction.
by cryptodailyuk
2
GBP/USD MIXED FEELINGSIn the past update, I mentioned that if the price goes above the 1.29818, a long position has to be taken into consideration. However, if the price breaks the 1.28215 on the downside, then it will continue to drop until the other levels that I marked at the beginning of August. For now, all the price levels have been touched. GBP/USD is trading below the 200-day moving average, which is a bearish signal. However, the price is also trading above the 50-day moving average, which is a bullish signal. This suggests that the market is currently in a state of indecision, and it is possible that the pair could break out of this range in either direction in the near term. Wait to see how the price develops in the near future before going Long or Short. My personal belief is that the price will soon start to correct on the upside, however, I will be waiting for more market evidences. From a fundamental perspective, there are a few factors that could influence the GBP/USD in the near term. First, the Bank of England is expected to raise interest rates by 25 basis points on Thursday, which could provide some support for the pound. However, the UK economy is still facing headwinds from Brexit and the war in Ukraine, so it is possible that the pound could weaken if these risks continue to weigh on sentiment. Overall, the outlook for the GBP/USD is uncertain in the near term. The pair is trading in a narrow range, and it is unclear which direction it will break out of this range. The fundamental factors are mixed, with the Bank of England rate hike being a positive for the pound, but the UK economy facing headwinds from Brexit and the war in Ukraine. The technical indicators are also mixed, with the 200-day moving average being a bearish signal, but the 50-day moving average being a bullish signal.
by YExplore
1
Gold Price Holds Steady Before Important US Employment DataIn continuation from our last week’s analysis on Gold which was spot on, we can see right now that the price of gold (XAU/USD) is moving sideways after a recent rise, which was driven by weaker labor demand due to a less optimistic economic outlook. This precious metal is expected to stay relatively stable as investors wait for the release of the US Nonfarm Payrolls (NFP) data on Friday (tomorrow). On Wednesday, the US ADP Employment report indicated that the job market isn't as strong as previously believed. Companies have slowed down their hiring processes, adding to the signs of an uncertain economic future. The decrease in labor demand has raised hopes that the Federal Reserve (Fed) might ease its approach, especially since Fed Chair Jerome Powell mentioned at the Jackson Hole Symposium that inflation is now more influenced by labor market conditions. Gold has been on a winning streak for the past three days and is predicted to continue recovering as labor demand from US companies weakens due to reduced overall demand. The effects of higher interest rates were evident in the US ADP Employment Change data, which showed a decline in job vacancies. The August ADP report revealed that the private sector in the US added 177K employees, falling short of the expected 195K and just a fraction of July's revised figure of 371K. The slowdown in job growth was particularly notable in the leisure and hospitality sector, where job creation in areas like hotels and restaurants decreased by 30K in August after a period of robust hiring. Wage growth also eased in August. While those staying in their jobs experienced an annual pay growth of 5.9%, those changing jobs saw a slower growth rate of 9.5%. Nela Richardson, the chief economist at ADP, noted that the August numbers reflect a pace of job creation similar to the period before the pandemic. She stated, " After two years of remarkable gains tied to the recovery, we are transitioning to more sustainable growth in both pay and employment as the economic effects of the pandemic diminish. " According to the CME Group FedWatch Tool, it's widely anticipated that interest rates will remain unchanged in September. Additionally, the Fed is expected to maintain rates within the range of 5.25% to 5.50% by the end of the year. Jerome Powell, the Fed Chair, emphasised during his speech at the Jackson Hole Symposium that inflation is now more responsive to the job market. Consequently, a softer labor market could reduce the upward pressure on inflation. Raphael Bostic, President of the Atlanta Fed Bank, suggested that the current policy is sufficiently restrictive to bring inflation to 2% over a reasonable timeframe. After a sharp decline to near 103.00, the US Dollar is experiencing a slight rebound. Nonetheless, many investors are hopeful that the Fed's interest rates have reached their peak, which could lead to further downward movement. The 10-year US Treasury yields have moderately rebounded to 4.12%. While higher mortgage rates are once again putting pressure on US housing demand, it seems that the most challenging phase of the housing sector's correction has passed due to limited supply. According to property analysts surveyed by Reuters, predictions of a price drop in the housing market for this year have disappeared, indicating that the short-lived correction in the US housing market is now concluded. Looking ahead, investors will be paying attention to the weekly Jobless Claims for the week ending on August 25, as well as the core Personal Consumption Expenditure (PCE) Price Index for July. In conclusion, there's a belief that gold is gaining strength and might experience a potential upward breakout collecting liquidity resting above. This could be accompanied by a minor pullback before continuing its upward movement (see chart for more details).
FX_IDC:XAUUSDLong
by financialflagship
OKTA - High Long Potential - Minimalists AnalysisI'm absolutely NO fundamental analyst. I literally have no good clue how to read the fundamentals like the Pro's are doing. And I don't plan to learn it in the near future. BUT... ...I trust my common sense. The Blue Box explains my common sense thinking and why I see OCTA as a potential buy for the long term. What I know for sure are my TA skills. And what I see there is, that price respects the L-MLH of the Andrews Pitchfork. The Green Box shows the support range. If you zoom closer you see the "Trigger" bar (green) which started the up-move. The Blue Boxes are just for myself. I cut out the noise by splicing the inside bars and outside bars to one block. That makes the chart reading easier. What else do we have in the TA arsenal? The MACD and the Mansfield RS. You probably know what the MACD projects. The Mansfield Relative Strenght is not known very widely. Nonetheless it does it's job by measuring the evolution of OCTAs price compared to the SPX over an average of 52 periods by default. So, bringing it all together: If price don't drop below the Forks lower line (The L-MLH or Lower Medianline Parallel), AND both, MACD and Mansfield are positive AND the volume starts to rise furious, then my Gatling fires from all guns. §8-) Wish you all a happy weekend.
NASDAQ:OKTALong
by Tr8dingN3rd
4
BTC 4H Review Chart (price adjustment)Hello everyone, I invite you to check the current situation on the BTC pair to USDT, taking into account the four-hour interval. First of all, we will use the yellow line to mark the downtrend, which the price could not overcome, while at this point you can mark the triangle in which we are currently moving. Moreover, locally, it is worth marking the sideways trend channel from which the price went up by the height of the indicated channel. When we turn on the EMA Cross 200, we see that the price broke the blue line and wanted to return to the uptrend, but the attempt failed and we saw a quick reversal of the price. Now we can move on to marking support areas in case of deepening correction. And here in the first place it is worth marking the support zone from $26968 to $26599, however, when we fall below this zone, we can see a drop around the second zone from $26299 to $25684, and then we have a strong support at $25012. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we will mark the resistance zone from $27,640 to $28,253, where we lack the energy to go up, only when this happens, the price will move towards the second very strong resistance zone from $29,129 to $30,238. Please pay attention to the CHOP index which indicates that the energy has been used and there is currently an accumulation visible, on the RSI we crossed the upper limit which indicated overheating and a trend reversal where there is still room for the price to go lower, also the STOCH indicator confirms that there is room for us to they went a little lower in this reaction.
by cryptodailyuk
2
DOT/USDT 1DInterwal Review CHartHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the downtrend channel in which the price is currently holding. Moving on, we can move on to marking support areas when we start a larger correction. And here we can mark the support zone from which the price bounces from $4.36 to $4.03, then we can mark strong support at $3.56 and then $2.96. Looking the other way, we see that the price is on its way to a very strong resistance zone from $5.02 to $5.47, then there is resistance at $5.81, and then it will move towards a very strong resistance at $6.78 $. Please look at the CHOP index, which indicates that we are collecting more and more energy for the upcoming move, the RSI indicator shows an increase, but there is still a lot of room for the price to go higher, while the STOCH indicator indicates an upward movement with room for further price increase as well.
by cryptodailyuk
2
BTC 1D Review Chart Hello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the interval of one day. First, we will use the blue lines to mark the downtrend channel, which the price has left with a strong downward move, while we are currently seeing a sideways exit from the downtrend line. Now we can move on to marking support areas in case the correction starts to deepen. For this we will lay out the Fib Retracement grid and here we can immediately see that the price stays in a strong support zone that lasts from $26311 to $24793, when the zone is broken down by the price we can see a strong downward move to the support area of 20411 $. Looking the other way, we can also check resistance points for the price when it starts to rise. As we can see the first resistance is at $27625, then we have the second resistance at $28477, then there is a strong resistance zone from $29244 to $30422, only when the price goes up and then positively tests this zone will move towards a very strong resistance at at $31,858. When we turn on the EMA Cross 200, we see that the price has fallen below the moving average of 200, indicating a return to the downtrend. When we look at the CHOP, RSI and STOCH indicators, we can see that energy is used everywhere and as the price movement on the chart confirms, we can see on the indicators that we are in a period of consolidation, which may give an upward movement in the coming days.
by cryptodailyuk
2
SUI/USDT is Gearing Up For Rally Amidst Chaos| SUI/USDT 💎Ladies and Gentlemen of ParadiseClub, buckle up! SUI/USDT is weaving an enthralling tale, strategically positioned near a bullish Order Block and geared up for an upward climb. 💎In the face of current market volatility, SUI/USDT has stood its ground impressively. It's worth noting that the asset has flipped the script on a bearish Order Block, transforming a former supply zone into a fresh demand area—a bullish indicator that demands attention. 💎Adding a twist to the plot, SUI/USDT has revisited the same Order Block level not just once, but twice. Each time, it honored the supply zone, setting off a downward course. This adds an extra layer of nuance to its already complex price dynamics. 💎Looking forward, an untouched supply zone is on the horizon. Keep an eye out for SUI targeting this zone for mitigation in the near term. 💎As always, Paradisers, stay vigilant and keep those charts updated. The world of crypto never sleeps, and neither should your trading strategies. Happy trading!
Long
by MyCryptoParadise_Simon
Bitcoin Longs Liquidated Again Today, What to Expect Next? Yello, Paradisers! Let's get into what's cooking in the Bitcoin world. 💎In the short-term view, Bitcoin is going through a turbulent phase. A significant number of long positions have been liquidated in the last 24 hours. 💎But This period of accumulation is crucial for Bitcoin's future growth. Why? Because when you see longs getting wiped out, it often signals an incoming wave of purchases from the big whales. 💎Zooming into the 2-hour time frame, the ATR resistance is currently under the spotlight. A successful breach above this level might pave the way for Bitcoin's next upward journey, potentially debunking the 'dead cat bounce' theory. 💎Keep your eyes on this ATR resistance level in the 2-hour chart. As we are always on the whale watch, we're monitoring this level closely. Stay tuned for more updates, and may your trades be ever in your favor!
Long
by MyCryptoParadise_Simon
SHIB/USDT is Ready For a Potential Rally | Shiba Inu Analysis 💎Hello Ladies & Gentleman of ParadisersClub, SHIB/USDT is currently on an intriguing path, steering towards a likely upward swing. 💎In our previous analyses, we saw how demand morphed into supply, causing a significant dip in price. As of now, a 4-hour chart reveals an order block, indicating that the price could soon reach this demand zone and ignite a bullish wave. 💎Diving deeper, Shiba Inu experienced a 36% correction after plummeting from its peak on August 12th, even dipping below the 0.618 Fibonacci retracement level. 💎What's captivating is the candle on August 17th, which closed above this Fibonacci level, and the subsequent Doji candle on August 22nd. This Doji, with its long lower wick and green close, reversed before even touching the 0.618 support. 💎This pattern suggests that while bears attempted to drive the price down, the bulls swooped in, buying up assets and potentially setting the stage for a bullish run. 💎Stay alert and adaptable, Paradisers. Keep your eyes peeled for more updates and happy trading!
Long
by MyCryptoParadise_Simon
AUDUSDRegarding our observations, currently there are significantly more buyers in the market. Breaking RSI-based trend line after overbought and oversold levels worked well for this instrument recently. We are in oversold again after a mighty break We might see some correction in Aussie move in this week or may be in next weeks. You can both enter after breaking 0.6450 or wait for reaching to around 0.6375. Next weeks we might join sellers again around the 0.6560! Remember that Aussie down trend might be due to bad economical data release of China as the main importer of Australia and also China's ambitions regarding Taiwan may end up in an economic conflict between the free world and China.
Long
by AliSignals
GBPCAD - The GBP Is Unstoppable!Analysis: This is another setup that we see involving the GBP and this is pretty much the same as our GBPUSD setup. Firstly looking at price it's clear to see that we're in an upwards trend. We're forming higher highs and higher lows. We also have an upwards trendline which is being respected giving us even more confluence that we're in a strong upwards trend. Price formed this pullback last week which was expected, however we've now pulled back to an area that interests us and an area where we expect to see bullish momentum form. At this level we have a previous area of resistance. As we know resistance often becomes support once broken so this to us looks like a possible area of support. We have more confluences however which line up with our area making it not just a possible area of support but instead a strong area of support. At this level we have the 61.8% fib retracement level. This is often classed as the strongest fib retracement level meaning that we should see buyers step in and push price higher, going in favour of our idea. Another confluence that we have is the upwards trendline. When this trendline has been touched in the past we've see it be respected then the buyers step in and push price higher. History often repeats itself especially in trading so we expect this to happen. Again going in favour of our bullish thesis. The final technical confluence that we have is the slowing bearish momentum. On Friday last week we saw some bullish momentum step in and take control of the market, which is a strong sign to us that we could be seeing price reverse and continue its move to the upside. This morning we had some news that was negative for the GBP, however this move that we got, in our opinion was an over reaction and we expect to see price continue with the bullish momentum we saw come into the markets at the end of last week. We don't just have the technicals on our side but we also have the fundamentals. Currently the GBP is the 2nd strongest major currency whereas the CAD is the 4th strongest major currency giving us even more reason to be long on this pair. That's not the end of it though. As of the most recent COT report we saw an increase of 18K short positions and an increase of 24K long positions on the GBP, which is bullish. For the CAD however we have a different story. We saw an increase of 3K short positions, whilst seeing a decrease of 1K long positions. This is bearish for the CAD. Both the fundamentals and the technicals favour being long on this pair which is why we have a bullish bias. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
18
USDJPYAs a student of SMC, I've just shorted USDJPY earlier in the day on the 1H timeframe. There is a 1H OB where price showed a strong rejection (it may or may not respect it). Further more there is a divergence happening on the Daily Timeframe. Add on to more confirmation, there is a strong resistance where price shows there is a strong sellers happening at that 1H OB area. If you do have any suggestions or Idea's or even traders from SMC, drop down a comment down below. let's discuss more about USDJPY market structure. NOTE: I'm not a professional advisor nor a signal provider, trade at your own risk and MM.
Short
by Student_of_Forex