Dollar Index (DXY): Multiple Time Frame Analysis & Plan 💵
After a breakout of a key daily structure resistance yesterday,
Dollar Index is consolidating within a horizontal range on an hourly time frame.
For those, who are looking for an intraday signal to buy,
a bullish violation of the resistance of the range -
an hourly candle close above 105.32, will give a strong bullish confirmation.
A bullish continuation will be expected at least to 105.6 level then.
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Rectangle
USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵
USDJPY is currently accumulating within a narrow horizontal range on a daily.
It looks like the market participants are waiting for some important fundamental data
next week to decide where to push the prices.
I see 2 potential scenarios.
Bullish
151.70 - 152.00 is a key horizontal resistance.
Its bullish breakout - a daily candle close above, will be a strong bullish signal.
A bullish continuation will be anticipated at least to 153.0 level then.
Bearish
150.8 - 151.3 is the support of a daily range.
Its bearish breakout - a daily candle close below, will be a perfect signal to short.
The first goal for the sellers will be 150.3 support.
Wait for a breakout, it will give you a strong confirmation.
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USDJPY: Your Trading Plan Ahead of FED 🇺🇸🇯🇵
USDJPY is currently accumulating within a narrow horizontal range on a daily.
It looks like the market participants are waiting for some important fundamental data
to decide where to push the prices.
I see 2 potential scenarios.
Bullish
151.70 - 152.00 is a key horizontal resistance.
Its bullish breakout - a daily candle close above, will be a strong bullish signal.
A bullish continuation will be anticipated at least to 153.0 level then.
Bearish
151.0 - 151.3 is the support of a daily range.
Its bearish breakout - a daily candle close below, will be a perfect signal to short.
The first goal for the sellers will be 150.3 support.
Wait for a breakout, it will give you a strong confirmation.
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NZDCAD: Intraday Bearish Confirmation 🇳🇿🇨🇦
Yesterday, we spotted a confirmed violation of a key daily support on NZDCAD.
After a retest of a broken structure, the pair formed a nice intraday bearish confirmation.
I spotted a horizontal range on a 4H time frame with a breakout of its support.
Such a violation increases the probabilities that the market will keep falling.
Goal - 0.805
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SILVER (XAGUSD): Bullish Outlook Explained 🪙
Silver nicely respected a recently broken key horizontal resistance.
After its retest, the market started to consolidate on a 4H time frame
and formed a horizontal range.
Its resistance was broken yesterday, signifying the strength of the buyers.
The market may keep growing next week, at least to 25.5 level.
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GMT will 10x in a few months! Buy nowTechnical analysis
GMT is one of the most promising coins to hold for the next few days and weeks. We can see that the price has been stuck in this rectangular trading range for almost 4 months. Now the price is ready for a massive breakout! It's good to buy GMT now, as pullbacks will probably not be available. My Elliott Wave count suggests that we are now starting a wave (3), which is usually the strongest wave of all of them! What you probably want to do is trade a breakout of the first impulse wave. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Is GMT?
GMT is the native token of the FSL ecosystem, with a fixed supply of 6 billion tokens. GMT is well used in all FSL ecosystem products to be burned, used to unlock various functions and perks.
Satoshi Lab (FSL) is a fast growing web3 product development studio. STEPN is a Web3 app that combines Game-Fi and Social-Fi elements, focusing on encouraging people to move more. Users equip NFT Sneakers to walk, jog, or run outdoors, earning tokens and mystery boxes. STEPN's goal is to promote a healthier lifestyle, help fight climate change, and introduce people to Web3.
NZDCAD: Scalping Bear Trap 🇳🇿🇨🇦
I see a nice bear trap on NZDCAD.
Trading within a wide horizontal range, the price violated its support.
The violation turned out to be false and the market formed a tiny double bottom
on 30 minutes time frame.
We see a strong bullish imbalance now.
The market may keep growing to 0.8175
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GRT can 10x in a few weeks! Best time to buy now?Technical analysis
GRT looks extremely good on the weekly chart. We can see that the downtrend ended on a breakout of the red trendline, and since then, the price has been going upward. I believe this coin will 10x in 2024 if you buy it at the current price. We should hit an all-time high in 2024, and in 2025, this coin will continue in the price discovery! Put a stop-loss below my support zone!
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Makes The Graph coin Unique?
The Graph is working to bring reliable decentralized public infrastructure to the mainstream market. To ensure economic security of The Graph Network and the integrity of data being queried, participants use Graph Token (GRT). GRT is a work token that is locked-up by Indexers, Curators and Delegators in order to provide indexing and curating services to the network.
GRT will be an ERC-20 token on the Ethereum blockchain, used to allocate resources in the network. Active Indexers, Curators and Delegators can earn income from the network proportional to the amount of work they perform and their GRT stake. Indexers earn indexing rewards (new issuance) and query fees, while Curators earn a portion of query fees for the subgraphs they signal on. Delegators earn a portion of income earned by the Indexer they delegate to.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
GBPJPY: Bullish Continuation is Coming?! 🇬🇧🇯🇵
GBPJPY is very bullish after the BoJ rate hike.
The price is currently testing a resistance line of a horizontal range on a daily.
Its bullish breakout - a daily candle close above, will be a strong trend-following signal.
A bullish continuation will be anticipated at least to 193.0 level then.
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EURAUD: Growth Continues 🇪🇺 🇦🇺
EURAUD broke and closed above a resistance line of a horizontal range
on a 4H time frame.
It is a strong bullish signal that follows after a breakout of a key horizontal resistance.
Growth is expected at least to 1.6697 now.
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AUDCHF: Waiting For Confirmation📊AUDCHF is currently experiencing a bullish trend and has recently reached a new high on a 4-hour time frame before consolidating within a horizontal trading range.
I am anticipating a bullish breakout above the resistance level of 0.5828, as a 4-hour candle closing above this level will demonstrate the buyers' strength.
If this breakout occurs, it will confirm a bullish continuation, with the next resistance level expected at 0.5860.
ICP technical analysis, buy here for the long term!ICP looks very strong from a technical perspective. We can see that we have started this whole uptrend with an impulse wave 12345, which is very good to see if you are an Elliott Wave trader. We are now in a corrective phase, and usually we want to see a liquidity sweep below the previous wave (4). In this case, below 8.5 USDT - that would be a great level to buy ICP for the long term!
What is the Internet Computer and ICP?
The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without need for traditional IT such as cloud computing services. As such it can enable full end-to-end decentralization.
Why Does the ICP token have value?
The ICP token has three main utilities. Firstly, ICP provides a source of “cycles” that are burned to power computation (thus when ICP is converted to cycles, it disappears, creating deflationary pressure). Secondly, ICP can be staked in the permissionless Network Nervous System DAO that governs the Internet Computer blockchain, creating voting neurons that generate voting rewards. Thirdly, ICP plays the role of a store of value, for example allowing users to invest in decentralization sales run by web3 services.