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Nobody appreciates it !!!The price has broken the descending triangle, and now it's time for a slight correction before reaching the target. After that, it can grow again. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
Luna Classic: Burn Tax Proposal Sparks Debate Amid Price DeclineThe Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) community has initiated a heated discussion surrounding Proposal 12149, which aims to increase the on-chain tax rate from 0.5% to 1.5%. While this measure promises to enhance LUNC’s burn rate and bolster funding for the community and Oracle pools, it has not been without controversy. The vote comes in the wake of the successful v.3.3.0 network upgrade, which simplified tax handling and improved the ecosystem for developers and dApps. The Proposal: A Closer Look The proposed tax increase would triple the burn tax, allocating 1.2% for burns and 0.3% for community and Oracle pools. Proponents argue this move could significantly reduce the total supply of LUNC, accelerate burns, and increase funds available for staking rewards and ecosystem growth. However, critics, including Binance co-founder Changpeng “CZ” Zhao, have raised concerns about higher taxes potentially deterring developers and layer-2 projects from building on the Terra Luna Classic network. Validators have also expressed divided opinions, with 43.24% voting "Yes," 16.01% voting "No," and 40.74% voting "No with veto" as of the latest tally. Current Market Performance Despite the promising implications of the burn tax proposal, LUNC has struggled in the market, dropping 9% in the last 24 hours to $0.0001135. The token’s trading volume surged by 38% during the same period, indicating heightened market activity. Similarly, USTC has seen a 7% drop, trading at $0.02029, with an 87% increase in trading volume. Technical Analysis From a technical standpoint, SEED_DONKEYDAN_MARKET_CAP:LUNC is in oversold territory, with the Relative Strength Index (RSI) at 28. This low RSI typically signals a potential correction or breakout, presenting two possible scenarios: 1. Upside Potential: The active community and the burn mechanism could drive renewed investor confidence, sparking a rally. 2. Downside Risk: If the broader market correction persists, LUNC may continue its downward trajectory, especially as Bitcoin’s ( CRYPTOCAP:BTC ) price movement exerts influence over the altcoin market. Immediate support for SEED_DONKEYDAN_MARKET_CAP:LUNC is seen at $0.0001115, with resistance at $0.0001243. A breakout above this resistance could signal a short-term recovery, while a failure to hold support might lead to further declines. Fundamental Outlook The burn tax proposal highlights the Terra Luna Classic community's commitment to reducing token supply and strengthening the ecosystem. However, the divided vote underscores the challenge of balancing ecosystem growth with immediate investor sentiment. Despite the current price volatility, LUNC's long-term potential remains tied to the community's ability to execute on its vision and navigate market challenges. If Proposal 12149 passes, the increased burn rate and enhanced community funding could lay the groundwork for a more robust Terra Luna Classic network. Conclusion While LUNC’s recent price action reflects broader market trends and skepticism around the burn tax proposal, its strong community backing and proactive governance measures position it as a token with significant long-term potential. Traders and investors should closely monitor the outcome of Proposal 12149 and key technical levels to gauge the token’s next move.
Long
by DEXWireNews
Gold - TRIO RETEST!Dear TradingView community and fellow traders, I find the daily chart for Gold to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST Here is why the blue circle is a strong zone to keep an eye on: 1️⃣ => Overall Trend Gold has been bullish long-term trading inside the rising broadening wedge in blue and now approaching the lower blue bound / trendline acting as a non-horizontal support. 2️⃣ => Round Number The $2,500 marked in green is a strong round number. 3️⃣ => Oversold Zone Gold is bearish short-term trading inside the falling channel in red and now approaching the lower red trendline which I consider an oversold zone. As per my trading style: As Gold approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...) 📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
OANDA:XAUUSDLong
by TheSignalyst
3
Buy GBP/CHF Bullish PennatThe GBP/CHF pair on the H1 timeframe presents a potential Buying opportunity due to a recent breakout from a well-defined Bullish Pennant pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.1427 2nd Support – 1.1475 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
13
The Psychological Aspects of Profit in TradingDid you know that nearly 90% of traders struggle to achieve consistent profitability in the markets? This alarming statistic underscores a fundamental reality: profit maximization is not merely an option but an essential component for anyone seeking to thrive in the trading landscape. In an environment teeming with potential rewards and inherent risks, grasping and applying effective profit-maximization strategies can be a transformative element in your trading journey. This article explores the crucial psychological factors that influence profit maximization and offers techniques for optimizing trading performance to boost overall profitability. Understanding Profit Maximization In trading, profit maximization pertains to the strategic endeavor of identifying and employing methods that enhance returns on investment. It encompasses not only executing profitable trades but also improving the overall profitability of a trading strategy through effective risk management and the judicious use of market opportunities. The significance of profit maximization cannot be overstated; it serves as the cornerstone of sustainable success in trading. For traders and investors alike, the pursuit of maximizing profits delineates the line between fleeting gains and lasting financial security. By prioritizing profit maximization, traders can confidently navigate market volatility while remaining aligned with their financial objectives. Moreover, a comprehensive understanding of the principles underlying profit maximization equips traders with the tools necessary for making informed decisions, adapting to evolving market conditions, and ultimately securing greater trading returns. At its core, profit maximization is about adopting a proactive mindset in trading, empowering you to seize every potential opportunity for financial advancement. Key Techniques for Maximizing Profit Achieving maximum profitability is a universal goal for traders, and the application of effective techniques can significantly impact this aspiration. In the competitive realm of trading, utilizing profit-maximizing strategies positions traders to secure gains while simultaneously enhancing their overall trading performance. Read also: Scaling Out Scaling out is a powerful technique that allows traders to optimize profits while mitigating risk. Instead of closing a position entirely at once, traders methodically sell portions of their holdings as market prices rise. This incremental method enables them to lock in profits without entirely exiting a position, thereby retaining exposure to potential continued upward movement. The primary advantage of scaling out lies in its capacity to reduce exposure to market volatility, fostering more consistent profit generation over time. By strategically taking profits at defined stages, traders can insulate their portfolios against sudden downturns. This approach also nurtures a disciplined trading mindset, helping traders to make calculated decisions instead of being swayed by emotional reactions to market shifts. To implement this strategy effectively, traders should establish specific profit targets for each segment of their trade. For example, they may opt to sell a portion of their position after achieving a particular price increase, followed by another sell-off at a higher target, while retaining a small portion for potential further gains. This structured approach grants flexibility in adapting to market dynamics and provides traders with a clear exit framework. Moreover, maintaining discipline is crucial to avoid the temptation to re-enter a position after scaling out. Upholding a profit-taking strategy without succumbing to emotional impulses strengthens long-term trading objectives. In this way, the scaling out technique allows traders to manage their profits adeptly while deftly navigating market complexities. Position Sizing Optimal position sizing stands as a vital component in maximizing profits and effectively managing risk. This concept involves determining the appropriate amount of capital to commit to a specific trade based on various factors, such as account size, personal risk tolerance, and the employed trading strategy. By accurately calculating position sizes, traders can align their overall risk exposure with their financial goals and comfort levels. The importance of position sizing cannot be overstated; it serves as a protective measure for trading accounts against significant losses that can threaten long-term success. A common guideline is to risk no more than 1% to 2% of total capital on any single trade. Adopting this conservative stance can facilitate sustainable growth in trading accounts by reducing the likelihood of catastrophic losses. Traders have multiple methods for calculating optimal position sizes, including the fixed fractional method and the Kelly criterion. The fixed fractional method dictates that the trader risks a specified percentage of the account balance, while the Kelly criterion assesses the probability of winning trades alongside expected returns. Implementing these strategies allows traders to allocate capital smartly, creating a more resilient trading approach that aligns with risk management principles. In addition to enhancing profit potential, effective position sizing cultivates emotional stability. Feeling secure in one's risk management allows traders to maintain composure during market fluctuations, supporting more rational decision-making. Consequently, sound position sizing is fundamental to successful trading, harmonizing the quest for profit with responsible risk management. Article about Position Size: Diversification Diversification is a longstanding strategy that can significantly boost profitability by distributing risk across various assets or markets. Instead of concentrating all capital on a single trade or asset class, diversification involves investing in a range of instruments—such as stocks, currencies, and commodities—thereby mitigating overall risk and ensuring that downturns in one asset do not disproportionately harm the entire portfolio. This strategy proves particularly effective during volatile market conditions, where certain sectors might falter while others flourish. For instance, a diversified trading strategy might incorporate technology stocks, defensive equities, and commodity investments. By leveraging diverse market conditions, traders can better maneuver through the unpredictable nature of financial markets. Moreover, diversification helps provide more consistent returns over time. Though it may restrict the potential for extraordinary single-investment gains, it also minimizes the possibility of severe losses. By spreading capital across multiple asset classes, traders can create a more balanced portfolio that diminishes risks and heightens the likelihood of stable profitability. When executing a diversification strategy, traders should align their investment goals with their risk tolerance and prevailing market conditions. Regularly assessing and adjusting the portfolio to maintain an appropriate level of diversification is equally crucial. Ultimately, by adopting diversification, traders can enhance their prospects for steady returns while safeguarding their investments against market fluctuations. About Diversification, I suggest to read also: Utilizing Stop Loss Orders Stop loss orders are indispensable for safeguarding profits and managing risk in trading. By establishing predetermined exit points for trades, traders can curtail losses and secure profits before unexpected market reversals occur. Well-executed stop loss orders help ensure that emotions do not skew judgment, fostering a more disciplined trading mindset. Stop loss orders serve as critical safety nets. In instances where the market moves unfavorably against a trader's position, these orders can automatically close trades, thereby containing potential losses. This risk management tool is especially vital in volatile markets characterized by rapid price movements. To set effective stop loss levels, traders must assess market volatility along with the unique attributes of the asset involved. A common practice is placing stop loss orders based on technical indicators, such as key support and resistance levels. For example, setting a stop loss just below significant support boundaries can protect profits while accommodating regular market fluctuations. Additionally, traders can establish stop loss levels as a percentage of the trade's entry price. For instance, opting for a stop loss order 5% below the entry price allows traders to safeguard their investment. By incorporating stop loss orders into their trading tactics, traders can bolster profit protection and enhance their overall risk management framework, ultimately improving trading performance. Read also about Stop loss: Psychological Aspects of Profit Maximization The psychological dimensions of profit maximization significantly influence a trader’s success. A trader's mindset affects critical aspects such as profit-taking decisions and risk management strategies. Emotional reactions to market movements, namely fear and greed, can lead to impulsive decisions that compromise long-term profitability. Understanding and managing these emotions is paramount for effective trading. Cultivating emotional discipline is essential for a healthy trading mindset. Traders should recognize the psychological triggers that precipitate poor decision-making and actively work to mitigate their impact. One strategy is establishing predefined profit targets and stop loss levels, which alleviates the emotional burden of deciding when to exit a trade. By adhering to a structured trading plan, traders can maintain discipline amidst market volatility. Adopting a growth mindset is another beneficial approach. This perspective encourages traders to view losses as valuable learning experiences rather than failures. By examining the reasons behind unsuccessful trades, traders can pinpoint areas for improvement and refine their strategies over time. Ultimately, fostering a positive psychological environment not only enhances emotional discipline but also leads to more consistent profit-taking and risk management. Common Mistakes to Avoid Avoiding common trading pitfalls is crucial for profit maximization. Many traders fall into traps stemming from insufficient awareness or a lack of discipline. Common mistakes include overtrading, neglecting to set stop loss orders, and disregarding proper position sizing. Overtrading can exacerbate transaction costs and lead to emotional fatigue, negatively impacting decision-making. Traders should prioritize quality over quantity, pursuing well-researched opportunities instead of chasing every market move. Similarly, failing to utilize stop loss orders can expose traders to significant losses if market dynamics shift unfavorably. Properly implementing stop loss strategies safeguards profits and minimizes emotional reactions in volatile trading conditions. To prevent these errors, traders should maintain a structured trading plan that outlines clear entry and exit strategies. Regularly reviewing trades to learn from missteps is also vital. By fostering self-awareness and accountability, traders can identify their behavioral patterns and make necessary adjustments. Ultimately, sidestepping these common pitfalls lays the groundwork for enhanced profitability and trading success. Read Also: and also... Conclusion In conclusion, the strategies for profit maximization presented in this article offer a robust foundation for achieving trading success. Techniques such as scaling out, effective position sizing, diversification, and the strategic use of stop loss orders can markedly improve the profitability of trading endeavors. By integrating these approaches, traders can proficiently navigate the complexities of the market and capitalize on profit opportunities. Encouraging readers to implement these strategies is essential for their advancement as traders. Profit maximization transcends merely seeking quick gains; it demands a disciplined approach and a commitment to continuous learning and improvement. By concentrating on these key techniques, traders can significantly enhance their chances of long-term success in the ever-evolving markets. Read Also: ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Education
by FOREXN1
3
Weak Bitcoin Above $100,000? Correction Or Bullish? +AltcoinsLet me ask you, is one day red really a strong correction? Is it really that bad? Or is it more of a market reaction to a speculative news event? The answer to this question doesn't really matter, Bitcoin continues strong and is trading above 100K. How are you doing my fellow Cryptocurrency trader? I hope you are having a wonderful day. Recently we established some resistance and support levels as Bitcoin was climbing up. In early November, as soon as Bitcoin moved above 74K, we would say, "Ultra-bullish above 70/74K." And this condition remains above 69K and 64K based on the 2021 bull-market All-Time High. But Bitcoin ended up stronger and being super-strong, prices continued to climb higher and higher it is today; Bitcoin is going up. The previous all-time high and the March 2024 peak price soon became irrelevant; the next support level on a drop we considered to be 80K. Bitcoin passed 80K easily in this current price discovery phase and there has been no retrace, no retest, nothing; straight up; Bitcoin continues to grow. Now the main level is 90K but this is pretty far away based on current market action and conditions. The next immediate support is already sitting at 100K. As long as Bitcoin trades above $100,000, we are hyper-bullish, that's all we need to know. Bitcoin can shake, Bitcoin can drop, Bitcoin can do anything in a matter of hours or days; but focus on the candle close, can be weekly, daily or monthly and see the price; ask yourself, at what price is Bitcoin trading today? If the price remains above $80,000, $90,000 or $100,000, you know we are ultra-hyper-mega bullish long-, mid-, and short-term. On the daily timeframe we can track 100K. On the weekly timeframe we can focus on 90K. On the monthly timeframe we have 80K. These are the support levels and we are considering these only if you want to protect yourself and you lack trust on Bitcoin, the Cryptocurrency market, and all of us. We know that 2025 is the full-blown bull-market. We already have a preview, the whales know. So what is everybody doing now? They are accumulating before maximum growth. Since everybody is accumulating, prices will continue to grow. Prices will continue to grow for Bitcoin and for the Altcoins, all across. It will continue to grow long-term. It is not over, this is the beginning not the end. If Bitcoin were to go down and test these support levels —a blessing, use this as an opportunity to buy more, but this opportunity is hard to come by, it is no longer early, we are already within the start of the first bullish wave. Many Altcoins are still trading low but the majority are 3-5 levels higher compared to their market bottom. There is good news though, there is still plenty of room left for additional growth. Is one day red a strong correction? It isn't... One day of bearish action is considered chart noise. Bullish consolidation continues; Consolidation leads to higher prices. Thanks a lot for your continued support. Whatever you do, focus on the bullish side. It is an easy win right now. Being bearish at this point can be the biggest mistake of your trading life and can result in massive losses and missing an amazing, and obvious, opportunity that is right in front of us. First we look for proof on the chart. Then, we confirm this proof based on price action. The market is growing. That's all you need to know. We've been here before... The end result is good and a positive one. It doesn't matter what happens in the short-term, Bitcoin will always recover and continue to grow. There is no scenario where a bull-market ends before the bull-run. The bull-run is months away; the market is big and continues to evolve. We have most of 2025 to experience success and maximum abundance. If you haven't been bullish by now, that's ok, take the loss and move on. If you stay bearish now, you cannot blame anybody because everybody knows that Crypto is going up. Adapt and change. We all make mistakes, but it is time to join the next Cryptocurrency market bullish wave. We are going up and the market continues doing great. This is positive. It is the best possible scenario. We are set to experience growth long-term. Any retraces and corrections are an opportunity to buy. Right now is great timing to reload on all Altcoins; the retraces is over. Thank you for reading. Namaste.
Long
by AlanSantana
3
Be careful with ADAUSDT !!!I think the price is trying to form a bullish flag, but I'm not sure yet. After the bullish flag breaks, we can say that the price will increase. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
1
THE KOG REPORT - FOMC THE KOG REPORT – FOMC This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. For this FOMC we have the following key levels which need to be monitored and can be used for potential spikes. 2630-25 support, which is too close to target from here could give us that push upside into the higher levels of 2650-55 and above that 2660-65. It’s that higher region we will want to be watching closely for a potential RIP and opportunity to then short back down as shown on the chart. Immediate levels are no good to us here if there is exaggerated volume in the markets on the release, or the press conference 30mins after. On the flip, if we continue the move downside breaking through the 2630 level we will be looking lower, 2610 as the point of interest but the extension of the move into the 2590-95 region is where we will want to be to waiting for the RIP and potential opportunities to then long back up. Simple one this time, if we don’t get the levels, we want we’ll stay out of it and come back tomorrow to look for a decent set up. Our bias target at 2667 still remains so please play caution. RED BOXES: Break above 2640 for 2650, 2660 and above that 2668 Break below 2625 for 2610, 2596 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
BITCOIN → Bearish Pressure !!!Bitcoin has formed a bearish head and shoulders pattern on the hourly time frame. This pattern could potentially lead to a price drop to around $99,000 after the pattern breaks. But as long as this pattern does not break, we cannot say that the price is bearish. Therefore, we should wait for this pattern to break to confirm a bearish trend. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
4
GOLD: Assessing Recent Market Shifts and Future OutlookFollowing a significant drop triggered by the recent USD economic news, gold prices have begun an intraday recovery from a one-month low of approximately $2,602 as I write this article. The global risk sentiment has notably deteriorated in response to the Federal Reserve's hawkish stance announced on Wednesday. Geopolitical uncertainties and concerns regarding trade conflicts have also contributed to heightened demand for safe-haven assets like gold. From a technical perspective, the bearish momentum does not appear to be over. There exists the possibility that gold prices could experience a pullback, potentially retesting a previous demand zone that may provide some support. Furthermore, the Fed’s indication to decelerate the pace of interest rate cuts has resulted in rising yields on US Treasury bonds, which typically strengthens the US dollar. This dynamic may serve to limit any further upward movement for gold, which does not yield interest, making it less attractive in comparison to interest-bearing assets. As a result, traders with bullish positions should exercise caution as the market navigates these complex influences. Previous Forecast : ✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDShort
by FOREXN1
2
XAUUSD IDEAToday all eyes are on GDP and initial jobless claims. Technically, the price is out of the global channel, breaking the support, gold updates the low to 2581. Resistance levels: 2620, 2630, 2636 Support levels: 2616, 2612, 2603 After updating the low, a retest of the previously broken channel boundary and imbalance zones is formed. False breakdown of key resistance, for example 2620 or 2633 and subsequent consolidation of the price below these zones may lead to further decline.
FXOPEN:XAUUSD
by FOREXRSMV
EURUSD Set To Grow! BUY! My dear friends, My technical analysis for EURUSD is below: The market is trading on 1.0410 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0470 Recommended Stop Loss - 1.0376 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
TradeCityPro | Blur : Dynamic Support Holding👋 Welcome to TradeCityPro! In this analysis, I will explore Blur, a gaming project, focusing on the daily timeframe to assess its current price action and potential scenarios. 📅 Daily Timeframe: Correction to Dynamic Support On the daily chart, Blur has been following an ascending trendline that acts as a dynamic support, propelling the price upward after every interaction. 🔍 Recently, the price experienced a fake breakout below this dynamic support, which was quickly followed by increased buying volume and a surge in bullish momentum. As a result, Blur managed to break through the $0.2827 and $0.3314 resistance levels, climbing as high as $0.4438. 🔽 Currently, the price has corrected in two stages and returned to the $0.2827 level, which aligns with the dynamic support. The RSI, after breaking below the 50-level, has supported this deeper correction. If the dynamic support fails to hold and the price trend shifts, the primary support will be at $0.1464. 📈 If the resistance at $0.4438 is breached, the first target is $0.5539, a notable resistance level. The main target is $0.8077, the ATH, which doubles as a critical supply zone due to its significance in price history. ✨ The RSI lacks a clear bullish trigger currently, as no new structure has formed. However, if RSI confirms a bullish momentum resurgence and trading volume increases, the chances of breaking through $0.4438 will significantly improve. 🔑 Market Sentiment and Advice The market is currently undergoing broad corrections, causing FOMO and uncertainty among traders. However, these pullbacks are natural and essential for sustaining the market’s broader uptrend. 💥 Here’s a reminder for effective trading during volatile times: Avoid impulsive decisions driven by fear or greed. Ensure risk and capital management is a priority. Proper management safeguards you from significant losses during corrections, preserving capital for long-term growth. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
Long
by tradecitypro
28
GOLD (XAUUSD): Important Zone to WatchThe Federal Reserve's rate decision and FOMC meeting negatively impacted gold prices yesterday, leading to a bearish trend. Observing the 4-hour time frame, we can see how the pair responded to a downward trend line during the day. The market had been consolidating within a broad range for nearly a month. However, following the Fed's announcement yesterday, there was a significant downward movement that confirmed a break below the support level of this range. With the broken structure and a prominent downward trend line now defining the supply zone, we can expect further bearish movement, potentially reaching down to 2580.
TVC:GOLDShort
by linofx1
4
theta sell midterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Short
by Golden_candle
Are You Scared About Altcoins? Huge Pump Ahead!Hello, Skyrexians! Recently we focused on Bitcoin and Dominance analysis because it's much more important than analyzing any particular altcoin. Growth on altcoins cannot be counted a right prediction without Bitcoin Dominance drop. Today we are going to look in details on the wave 5 of CRYPTOCAP:OTHERS.D which we have already considered in our previous analysis on the higher time frame. Today let's take a look at the daily time frame inside the global wave 5. It has pumped in November and it was just the wave 1, which has been finished with the red dot on the Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . This wave 2 has the ABC shape and finally it touched 0.61 Fibonacci. Now it's forming the green dot and if this signal will be confirmed with daily candle close our scenario is likely to be valid. OTHERS.D is going to print the wave C which has the target between 16% and 20%. This is huge potential gains for all altcoins you have. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:OTHERS.DLong
by Skyrexio
3
$PATRIOT Coin Soars 286% in Two Days: What Next?The cryptocurrency market has seen a variety of tokens tied to political narratives, but $PATRIOT, a token on the Ethereum blockchain, has recently grabbed headlines. Over the past two days, $PATRIOT surged by an impressive 286%, with market dynamics reflecting both technical and fundamental drivers. Here’s a breakdown of the key factors behind this meteoric rise and what lies ahead for the token. The Narrative Behind $PATRIOT $PATRIOT positions itself as more than just a cryptocurrency; it is a tribute to Donald J. Trump, celebrating his legacy of patriotism and his policies centered on economic growth, constitutional preservation, and national security. The token’s mission includes commissioning a bronze statue of Trump, symbolizing a new global movement aligned with traditional American values. This narrative has resonated strongly with a segment of the crypto community, leveraging Trump’s outspoken support for cryptocurrencies and his “America First” ideology. The token’s launch coincides with increasing political polarization, which may have fueled speculative interest. Trading Activity and Market Presence $PATRIOT’s trading activity has been robust, with a 24-hour volume of $6.44 million—a 23.40% increase from the previous day. The token is actively traded on platforms like Uniswap V2 and V3 (Ethereum), as well as Gate.io. The PATRIOT/WETH pair on Uniswap V2 recorded a trading volume of $4.38 million in the last 24 hours, indicating high liquidity and trader interest. Market Performance - All-Time High: $PATRIOT recently hit an all-time high of $0.008092, approximately 8 hours ago, before retracing slightly to its current price. - All-Time Low: The token’s lowest recorded price was $0.0003153 on November 12, 2024, marking a staggering 2,293.24% increase to date. - Market Cap: $PATRIOT boasts a market cap of $76.8 million, ranking #675 on CoinGecko, with a fully diluted valuation matching its circulating supply of 10 billion tokens. Comparative Performance In the past seven days, $PATRIOT’s price has risen by 303.70%, outperforming both the global cryptocurrency market (-2.40%) and Ethereum ecosystem peers (+12.70%). This extraordinary growth suggests that the token’s unique narrative and market positioning have struck a chord with investors. Technical Analysis $PATRIOT’s recent price surge has created a highly overbought condition, signaling caution for traders. 1. Relative Strength Index (RSI) The token’s RSI currently stands at 91, well above the overbought threshold of 70. This indicates that a short-term price correction is highly likely as the market seeks equilibrium. 2. Fibonacci Retracement Levels Immediate support is located at the 61.8% Fibonacci retracement level. This level serves as a critical buy zone and could act as a springboard for another rally if tested. 3. Key Resistance Levels Should the rally persist, the next significant pivot point lies at $0.012. Breaking this level could open the door for further upward momentum, though market conditions and sentiment will play a crucial role. 4. Price Movement and Volatility $PATRIOT is currently up 27% in the last 24 hours, maintaining its bullish trajectory. However, traders should be wary of increased volatility as profit-taking and market corrections set in. What’s Next for $PATRIOT? While $PATRIOT’s narrative-driven approach and robust trading activity have contributed to its recent success, the token’s overbought condition suggests that a cooldown phase is imminent. Long-term prospects will depend on the team’s ability to maintain community engagement and deliver on promises such as the Trump statue initiative. Investors should keep a close eye on the 61.8% Fibonacci retracement level for potential entry points, while monitoring broader market sentiment and $PATRIOT’s ability to sustain its narrative momentum. Conclusion $PATRIOT’s remarkable 286% surge highlights the growing influence of political narratives in the cryptocurrency space. While the token’s fundamentals and community backing provide a solid foundation, its technical indicators urge caution. As the market evolves, $PATRIOT will need to balance its symbolic appeal with tangible value to secure its place in the highly competitive crypto landscape.
UNISWAP:PATRIOTWETH_32C6D4.USDLong
by DEXWireNews