Signals
GBPUSDHello everyone, it's RKarina here again. Overall, GBPUSD continues to trade in an upward trend. So, what factors are driving this upward momentum?
Today, the GBP/USD pair achieved modest gains above the 1.2600 level in the early Asian trading hours on Friday. The decline of the US Dollar provided some support for the major currency pair.
Currently, GBPUSD is operating near the resistance level of 1.2700, with dynamic support around 1.2680 before 1.2650-1.2660. However, to ensure the safety of your trades, we have recommended a significant support zone around this area, which also coincides with continuous price reaction. When reaching that entry point, we can prioritize buying with an expected increase of 1.3500 and 1.3800.
Bitcoin Bull Flag Analysis: Wait for Confirmations#Bitcoin Bull Flag LTF Chart Analysis:
CRYPTOCAP:BTC Currently Trading in Bul flag as per 2H Chart.
This is a Bullish Pattern but not open any trade before Confirmations,
Bullish Breakout Point: $52,800
Bearish Breakout Point: $50,800
Confirmations: Await 2H candle close above/below range
gold waits for news from CPIas Middle East geopolitical tensions persisted but then fell back as the USD recovered. In the context of investors maintaining caution, precious metals are unlikely to break out before the release of the FOMC minutes and the US CPI on Thursday.
The USD did not fluctuate much when the US market was closed for the President's Day holiday
INJ did 500% and still $100 PotentialCRYPTOCAP:INJ ready for Another leg toward $100
- #INJ did huge performance before the Bull run.
- Our Entry was $7.5
- Currently Trading at $36
- ATH is $45
- Our Profit: 500%
- Re-Entry: $30-$35
- Stop Loss: $28
- Target: $100
INJ showing strength before major bull run.
#Injective #altcoins
XAU short-term trading and strategyThe path back to target inflation, like the path to a soft landing, is always narrow and treacherous. And there are some worrying developments that could shake up the “endless deflation” the US has experienced over the past few months, potentially pushing back policy easing beyond March.
Favorable financial conditions: a leading indicator of real GDP, which has increased from 10% to 90% in six months, suggests that economic conditions are likely to remain stable at least in the short term. And if GDP increases, inflation may be difficult to reduce.
Labor costs are not increasing: Rebalancing in the labor market occurs between job openings and quit rates, not unemployment rates. The employment cost index tends to follow the National Federation of Independent Business's small business compensation plan. At that point, the number rose, approaching the point where the Fed had to react hawkishly.
Helter Skelter Shelter: Rents are forecast not to fall much in 2024, likely to contribute 17-20 basis points to core inflation in January and February, leaving no room for further contributions before Core inflation exceeds the Fed's target.
Tensions in the Red Sea have begun to impact freight costs, leading to increased pressure on supply chains - a key driver of rising inflation in 2022, especially in Europe.
FOMC: driving force to help Gold prices increase!GOLDEN INFORMATION: In Wednesday's Asian trading session, the price of gold (XAU/USD) experienced a slight decrease and moved away from its two-week high of around $2,048-$2,049 reached the previous day. This decline is attributed to investors adjusting their expectations regarding the pace and extent of interest rate cuts by the Federal Reserve due to strong economic data from the United States.
As a result, the US Dollar (USD) remains strong, reaching its highest level since December 13 earlier this week, putting pressure on the value of gold. However, the recent decline in US Treasury bond yields may hinder strong betting on the USD by investors. This, along with concerns about geopolitical risks arising from tensions in the Middle East, could continue to support the demand for gold as a safe haven asset.
Investors may also choose to be cautious and wait for the highly anticipated monetary policy meeting of the Federal Open Market Committee (FOMC) before taking any significant actions related to gold, which currently lacks yield.
Personal opinion: The price chart according to technical analysis is supporting the Uptrend, the H1 frame is trading above the stable EMA, economic experts at today's FOMC meeting also support keeping or reducing interest rates and support gold's rise.
ALGO/USDT 200% up and still 10x Potential ALGO/USDT Technical Analysis:
1⃣ EURONEXT:ALGO did 200% from our entry level.
2⃣ ALGO still 10x Potential from this level.
3⃣ Long-term Bearish Trend Breakouts confirmed
4⃣ The potential Target in the bull run will be $2
5⃣ Entry was $0.09-$0.1 ✅
#Algorand #Cryptocurrency
Bitcoin Crash Alert: Ready for $22k as per Past Fractal AnalysisPotential Bitcoin Price Movement Based on Previous Cycles
Greetings crypto community! I wanted to share an interesting observation about potential bitcoin price movement based on fractals from past market cycles.
- In 2019, BTC was 42% below its previous all-time high (ATH). Currently, in 2024, it is 41% below the 2021 ATH.
- In 2019, BTC dumped 73% from the 0.786 Fibonacci retracement level. It is currently trading at the 0.786 level.
- In 2020, BTC was 73% down 322 days before the 3rd halving. Currently, it is 100% up 322 days before the upcoming 4th halving.
- There are similar price "boxes" between 2019 and 2024 - GETTEX:13K - GETTEX:14K back then versus $50k- GETTEX:52K now, and $4k-$5k versus FWB:21K -$23k.
If these fractals play out similarly, we could potentially see BTC in the $22k- GETTEX:25K range soon.
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BONK/USDT Bullish Pennant Breakout AlertSEED_DONKEYDAN_MARKET_CAP:BONK Bullish Pennant Breakout Alert
1️⃣ Bullish Pennant Breakout ✅
2️⃣ 200% Potential if hold $0.000010 Support
3️⃣ 20,000% Pumped Before Binance Listing ✅
4️⃣ I already Booked 40x From #BONK
Before Listing on Binance ( Honestly )
5️⃣ Note: Bearish Mode will be Activated Below $0.0000095
XMR 39.80% Dump in Few Hours because Binance DilistingXMR Delisting Carnage - Stay Away!
- After Binance delisted top-tier privacy coin XMR:
- XMR crashed a gut-wrenching -39.80% in 24 hours
Liquidations exploded to $4.59 MILLION in total
Longs rekt: $2.74M
Shorts rekt: $1.84M
And forced liquidations continued ramping in the last 12 hours..
MASSIVE one-day wipeout even the strongest of hands wouldn't survive.
Stay FAR away from this radioactive wasteland for now
KAS/USDT Bull flag chart analysis$KASPA Bull Flag Setting Up Next Major Move?
1. #KASPA forming bull flag on the daily!
2. If it breaks resistance at $0.11, the Technical target is 200% upside!
3. This would extend its epic 1200% 16-month bull run.
4. Bull flag support held at $0.08 so risk/reward looks juicy for a long position on a break above $0.11 Resistance.
5. Parabolic upside ahead if Kaspa breaks out here.
#Altcoins
Bank Nifty Ready for Dump After Small Pump?#BankNifty PM Election View:
2019 PM Election of India:
- Bank Nifty 29% Pump from Parallar Channel Support.
- -50% Dump from Parallel Channel Resistance After PM Election.
2024 PM Election of India:
- Bank Nifty Can Pump 20% from Parallel Channel Support
- After We can See -40% dump from Parallel Channel Resistance
#Breakout #StockMarket
RSR/USDT 10x Potential in Bull MarketBear Market Survivor: How SEED_DONKEYDAN_MARKET_CAP:RSR Could Deliver 10-50X Returns
1⃣ -98% retracement from ATH
2⃣ Downtrend reversal
3⃣ Key accumulation zone with Retest
4⃣ Bull targets of 10-50x if support holds
5⃣ 70x Profit if Break ATH Price
NFA
#RSR #cryptotrading
USDJPY: Bearish behavior takes advantageHello everyone, what do you think about the USDJPY today? Will it increase or decrease in value?
Currently, this currency pair is trading around 146.69 and has lost 0.12% during the day.
The level of 147.00 has failed to sustain the current downward trend, and any further price declines are likely to find strong support near last week's low around the 145.65 area. However, additional selling activity may be seen as a new factor for traders to push prices lower and open the door for deeper losses as it adjusts to the 0.618 retracement level and the selling side seeks more opportunities to push the USDJPY down to the 144.800 level.
BTCUSDTBTCUSDT continues to experience slight decline on Thursday, trading around the $42,000 mark. The weakening trend has not yet ended as BTCUSDT shows signs of convergence between resistance and the 34, 89 EMA lines. Sellers are currently targeting the nearest profit-taking level at $41,700. If this level is broken, it could open up more opportunities for sellers around the $40,000 mark.
Good luck everyone !!
EURUSD: bullish or bearish?Dear friend, EURUSD continues its losing streak this week, with the price of this currency pair trading around the 1.081 level and struggling to find any significant support on the chart. The primarily influencing factors are market news and investor sentiment, along with the volatility of the USD.
If sellers regain control, EUR/USD could potentially return to the lows around 1.075 and possibly even 1.066. These are two significant support levels to watch. Conversely, if conditions favor EURUSD, it could bounce back from those levels and move higher.