$RIOT about to play catch up to the upside?NASDAQ:RIOT has been consolidating in a bottoming wedge and looks set to break out.
I think we see a very sharp move to the $18 resistance as RIOT has serious catching up to do. I think RIOT and HUT will be the most bullish two miners for this next move up.
After hitting $18, we should see some consolidation before the next big move higher.
Not sure if we get into the $100s or not, but will update the chart as the move plays out.
Pivot Points
XAGUSD: Key Support Levels to Watch for Potential DownsideHello,
OANDA:XAGUSD has recently moved downward, and further decline is anticipated. The first indicator of this trend will be if the weekly/monthly support at 31.211/30.049 fails. If this support level breaks, further downside is likely. Currently, confidence is centered on these levels holding as support, with most investors hoping for a bullish continuation. Time will reveal the outcome!
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Silver is in the bullish trend after testing supportHello Traders
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XAUUSD Faces Resistance, Support Could Trigger Bullish ReversalHello,
OANDA:XAUUSD is currently experiencing some downside, with the 1-month low at 2602.665 and the 3-month low at 2423. The 1-month pivot point has just acted as resistance, suggesting that further downside could be in the cards. However, it's possible that gold has already reached a level of support, and could soon resume its bullish upward trend.
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Natural Gas still coiling! breakdown or breakout? Hello Traders
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CHFJPY is in a Bearish Structure after Breaking the SupportHello Traders
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GBPJPY is in the Down TrendHello Traders
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Gold is in the bullish direction after correcting the supportHello Traders
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$BTC bottom and top targets. Top = $123-127k, bottom = sub $10kThis is the chart I'm using to guide the top and bottom of the cycle.
Now that we've decisively broken above the bull/bear line, the next targets on the chart are $83-$86k and then $123k-127k.
Those should be significant resistances where price will reject. If we make it up to the top resistances, I think that will mark the end of the cycle.
As long as we don't break below $66k after touching those resistance levels, price will remain bullish.
If we break below $66k, then the $9k bottom is possible.
Simple as that.
Cardano Show Started: +1,200% Against BTC Target in Sight Description: Cardano (ADA) vs. Bitcoin (BTC) on the weekly chart has broken out of a long-term downtrend, signaling a potential trend reversal. After a prolonged decline, ADA found strong support near historical lows and surged upwards, breaking through the descending trendline with a significant increase in volume. This breakout aligns with a projected target of 0.00006437 BTC, representing a potential upside of over 1,200%. If ADA can hold above the breakout level, this move could signal a major bullish phase in the ADA/BTC pair, with further gains likely if momentum continues.
Tether Dominance UPDATE (4H)Due to the US election and the heavy decline and rejection, Tether Dominance is expected to reach the lower support range.
Support and resistance ranges are marked on the chart
Closing a daily candle above the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
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$ASM time to go long?AMEX:ASM has corrected 90% since it's move back in February. It's now sitting at support and looks about ready for it's next move higher.
The risk would be a possible move down to the lower support around $.014 (around 15-20% more downside), but the reward would be a move up to the $.053-$.178 resistance (200%-900%+ increase).
Let's see how this plays out over the coming weeks.
HMSTR. Hype coin after listing. 6 11 2024Time frame 1 day. The descending channel and its false exit zones are shown on the chart.
The percentage of decline and reversal zones from which the trend may reverse as a whole are shown on the chart:
-68% now, extremely optimistic. Trump pump and all that stuff).
-84% optimistic.
-90% optimistic - normal.
-95% price slippage, extremely negative scenario.
Local . Now the price will move to the channel resistance, and this is about +20-25%. Then the reaction to the dynamic resistance of the channel itself. That is, the continuation of the downward trend or not.
Preservation or breakdown of the general trend of price movement. The breakthrough of the resistance of the descending channel is important, that is, the breakdown of the downward trend. As a rule, after a reversal (breaking the downward trend of price movement) there is a sideways movement (horizontal channel), or in cases of aggressive marketing (most likely it will be so), then a V-shaped reversal.
Psychology. Future pump . In the future, when the hype cools down, those who received their free HMSTR coins will finally sell everything, and the cryptocurrency will become of no interest to anyone - they will pump it up very strongly, to attract attention... But, while the price is moving in a descending channel from support to resistance, this cannot be discussed.
Trend maximums (first distribution zone), most likely will be +50-80% of the liquid zone (not squeeze) of the listing price. Then they can pump it up higher, if the market allows and marketing injections of money into the popularization of this cryptocurrency, to attract “new blood”.
DUSK buy setup (1D)The price structure in hourly time frames is bearish.
There are good liquidity pools at the bottom of the chart.
The pullback in substructure is expected to complete and sweep liquidity pools.
The green range is where we expect a rebuy.
Closing a daily candle below the invalidation level will violate this analysis
invalidation level : 0.1018
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Going Long on ETH: Strong Bullish Signals!Ethereum (ETH) is currently experiencing a bullish trend, supported by several key fundamentals:
Global Adoption and Institutional Interest
The cryptocurrency market, particularly Ethereum, is seeing increased adoption and institutional interest. Major financial institutions and corporations are exploring blockchain technology and decentralized finance (DeFi) applications, many of which are built on the Ethereum network.
Technological Advancements
Ethereum's ongoing upgrades and improvements, including the transition to Ethereum 2.0, are enhancing its scalability and efficiency. These developments are attracting more developers and users to the platform, potentially driving up demand for ETH.
Market Sentiment
Recent market analysis suggests a positive outlook for Ethereum, with some experts predicting significant growth potential. The breaking out of key resistance levels has fueled optimism among traders and investors.
Utilizing Probabilities for Long Positions
I'm employing probability-based strategies to enter long positions on ETHUSD.
By incorporating probability analysis into my trading approach, I aim to capitalize on Ethereum's bullish fundamentals while maintaining a structured and disciplined trading strategy.
Let's dive in!
2W:https://www.tradingview.com/x/t6j2hT4t/
2H:https://www.tradingview.com/x/prwKqAhU/
Gold is in the bullish direction after correcting the supportHello Traders
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GBPNZD - How will the BOE decision affect the pound?The GBPNZD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. In case of downward correction, we can see the demand zones and buy this currency pair within those zones with appropriate risk reward.
The Bank of England has lowered its interest rate by 0.25%, bringing it to 4.75%. According to the Bank’s monetary statement, GDP is projected to grow by 0.2% in Q3 2024 compared to the previous quarter (September forecast: 0.3%) and increase by 0.3% in Q4 this year. The goal is to keep the interest rate restrictive enough until the risks of inflation persistently returning to the 2% target diminish.
Andrew Bailey, the Bank of England’s governor, noted that the rate of inflation decline has been faster than expected. However, further reduction in service price inflation is still needed to maintain the consumer price index at the 2% target level, and sufficient spare capacity will be essential to reach this goal in the medium term.
The rise in the employer’s national insurance contribution, included in the budget, is expected to have a slightly inflationary effect on prices and a marginally negative impact on wages and corporate profitability. The combined effect of increased employer national insurance and minimum wage is likely to raise hiring costs, with the net impact on inflation yet to be determined.
Adrian Orr, the Reserve Bank of New Zealand’s governor, highlighted geopolitical tensions as a significant risk to the economy, expressing concern over the economy lagging behind the interest rate cuts.
Orr also emphasized that climate change poses an existential threat to New Zealand, calling for serious attention to this issue. This view reflects deep economic and environmental concerns in the country.
The Reserve Bank of New Zealand’s Financial Stability Report indicates that the financial system remains resilient despite the economic downturn, with risks under control. Banks anticipate a slight increase in non-performing loans, although this level remains below what was experienced during previous economic recessions. Debt servicing costs have peaked and are now declining, with mortgage interest rates dropping over the past six months. Although many households and businesses are under financial pressure and some borrowers face challenges with rising unemployment, domestic economic challenges persist.
EURCAD is in a Bullish PatternHello Traders
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