SEC's unexpected nod for Ethereum Spot ETFs (“ETH ETFs”) through the approval of 19b-4 forms has ignited a fresh wave of excitement in crypto markets. This paper delves into the impact on ETH/BTC Ratio fuelled by this development. The ratio has been a laggard throughout the current bull run. ETHER ETF ADVANCES TOWARDS APPROVAL On 23rd May, the SEC...
💎#GALAUSDT has impressively broken out from a Symmetrical Triangle and is now testing a pivotal level where resistance has transformed into support. The Point of Control (POC) of the VRVP Channel solidifies this support, enhancing our bullish outlook. 💎If #Gala holds this retested support at $0.0373, we expect a vigorous rally fueled by the momentum at this...
💎#PYTHUSDT has impressively surged out of a descending channel and is now testing a crucial juncture where former resistance has become support. The Point of Control (POC) of the VRVP Channel provides crucial support, enhancing the chances of a bullish continuation. 💎If #PythNetwork can successfully hold this retested support at $0.400, we anticipate a powerful...
The KASUSDT is currently showing strong signs of a bullish trend, characterized by the consistent formation Cup and Handle Pattern. As the broader market embraces a bullish sentiment, KAS is intriguingly uptrend, and create an impeccable Cup and Handle pattern. 🔍 Technical Analysis: The pattern suggests a classic continuation of the uptrend. Keep a keen eye on...
Gold prices are forecast to have many fluctuations in the short term when the market receives important economic data from the US, such as the purchasing managers index report in the manufacturing and service sectors, and the number of applications reported. Unemployment benefits and May non-farm payroll report The slight decrease in gold prices may be a...
The slight decrease in gold prices may be a short-term correction after a series of recoveries since the beginning of the year. US PCE data showed a 0.3% rise in April, showing signs of stabilizing inflation in 2024, with core inflation rising 2.7% in the 12 months to March. Expectations for the Fed to cut interest rates from September 2024 have decreased as...
World gold expenses this week are forecast to have a variety of fluctuations while the marketplace gets a variety of critical information, along with the buying control index document withinside the production and carrier sectors, and the quantity of packages reported. unemployment blessings and May`s non-farm payrolls document. Central banks' selections this week...
Like final night, I additionally commented and shared pretty truly approximately this week`s Gold Trend. >At this rate, I will watch to promote Gold in line with the MA newspaper's Trend and could await Nonfarm information this weekend. With the cutting-edge Gold price, you may talk over with the Gold Sell Watch on Zone 2338>234x And Canh Buy is withinside the...
SELL xauusd 2330-TP 2320 - 2340-TP 2320 -- Forecasts and comments In May, global gold charges witnessed mild however constant growth, with a complete growth of 1.8% as compared to April, peaking at 2,449.89 USD/ounce on May 20. This is the fourth consecutive month of charge increases. According to Mr. Tai Wong, a valuable metals dealer in New York, the mild...
Hey team, Hope you are Enjoying our ideas and Analysis Today we are monitoring USOIL Looking for Bullish Long Around 76.490 Once we will Receive any Bullish Conformation the Trade Will be Excuuted Good luck Guy's 🤞
It seems to me that $1000 per BNB is destined at this point Binance won the exchange wars, and it's positioned to win in the scene of degenerate gambling that the US economy is promoting, high levels of debt and keep on printing infinite fiat (saw news that the Wall Street guys are looking to adopt the 24/7 trading hours) In whatever case, bear market or bull...
1. Weekly Divergence on PEPE. 2. It's the leading alt in terms of Momentum. 3. Play here is to short memes and stack ETH alts ahead of the ETH ETF. 4. It's rotation time. 5. Focus on DEPIN it hasn't run yet or got the hype.
Price Action Day Trading Daily Bias Bearish. POI - Price broken out of a consolidation. Going down to the H1 TF, Setting a short trade at the broken support level with a SL above the swing high in H1. Targeting Daily Swing Low R:R 1:5 Risk not more than 1% each trade.
1. Beautiful falling wedge on DIMO. 2. DEPIN Project that tracks your Car Data and pays you rewards for doing so. 3. Only 42m MC and on Coinbase. 4. Use cases for this Data is endless. 5. They have partnerships with maintenance and finance companies also where you get rewarded for sharing data with cheaper costs.
The basis of this long idea for the EURUSD is an interesting technical confluence (see chart) combined with macroeconomic factors. Recently, the EURUSD has significantly gained due to weak economic data from the USA. Last week, the weak Chicago Purchasing Managers' Index, which is at the level of the COVID-19 crisis, shocked the markets. Against this backdrop, a...
Fundamentals: CONY is a covered call strategy. If bitcoin collapses again, the CONY will go bust. It could turn into a dividend trap. It is highly speculative. However, if bitcoin propels forward or goes sideways, then these two scenarios will be best for CONY. Technicals: Plan: To trade CONY buy observing health signals from bitcoin (BTCUSD). Theory:...
FX:XAUUSD reduces volatility and shrinks into a narrow range before the news. US GDP did not play any role and traders are waiting for the general fundamental background. Locally, the downtrend. The trend is downtrending, but on yesterday's news the price is trying to break the channel resistance, forming a consolidation of the price above the line. But if...
Had a huge 55% wick down on this low cap gem. Would be looking to reclaim the midrange before continuation up. Head over to cointraderpro for more history on the chart of this coin.