We analyzed the fundamentals and technical aspects of Maker DAO in early April. Let's take a look at the changes after a month. Fundamentally, as the head protocol of RWA, MakerDAO is famous for its security. But after ONDO established cooperation with BlackRock fund BUIDL. MakerDAO chose to expand its $600 million DAI exposure to Ethena’s USDe and sUSDe. This...
#GBPUSD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPUSD. GBPUSD has breaked the main symmetrical triangle pattern and now it has completed the retesting. Here it has maximum Chances we can see a good Bullish wave here. In this move we can see gain upto 100Pips+. As DXY is dropping that will also support...
Inverted Head and Shoulders has a great Bear to Bull cycle formation that projects to the neckline of the previous cycle H&S Love seeing this type of confluence to give conviction of this big pattern.
CFX showing upcoming Bullish perseverance and could go easily x2 insane gain by using Support- and Reversal Layer. Above this Support it will remain on bullish path, below this support it will be bearish . Targets are mapped via red lines ...always buy in parts for max profit.. ..Always trade with stop loss and OCO ...do your research ..Like and Comment our...
Bitcoin is set up to perform a two way liquidation any moment now - as it corresponds to DXY. The chart is loaded with stop orders shown respectively as buy orders in green and sell orders in red. This is how the chart engineers such moves to perform at such speed without reliance on retail traders at all - the orders are embedded in the chart itself. Think...
Hi Dears Do you heard about WOW TRADE strategy? We have a higher time frame trendline line (weekly). We are near the demand in control zone of higher timeframe. We break the trendline and after that we have a pullback to the trendline, base that cause this breaking or break even zone. After that the price will be in the moon. And now we are watching this...
We all know that new coins that come into the market tend to o pretty well. Price has retraced to a fair value gap and on the daily and this is the best price to enter on a limit order. I will make two trades one with target to the next resistance and the other i just let run for at least a year.
So the real question we face here now is will PA break over that diagonal trendline or will it get rejected and drop further. Daily MACD is still over sold and turning Bearish so it is a possibility. On th escreen there is the "Local " retracement fibs, just below that is the larger scale retracement line of 0.236, first line of support should we drop more....
The trend of Bitcoin is downward and the power is in the hands of the bears, and the short position can be reasonable in this situation And now with risk management, you can enter the position and then go to a little profit, you can be risk-free . . . . LIKE AND COMMENT YOUR OPINION 🤑
as always, keep it simple. we are about to see a low of volume up or down is the question this is TA vs macro conditions
It's important to have some expectations. Not much has changed since I last posted, at least not in terms of going risk-on. If anything the fundamentals are even more bearish, technicals are reflective of that, and thirdly mechanicals such as derivatives are not looking hot. In order to even consider anything risk-on, the price action will have to severely...
ETHUSDT is in the phase of continuation of the global trend. The descending price channel is forming and there are new preconditions to the fact that the fall may continue. Let's look into it: Last weekend we saw the biggest surge in new addresses for 2022. Within days, the number of new addresses appearing on the network reached 135,780, an 11.1% increase. ...
As I mentioned in my $ALGO spot buy, the 50 MA also crossed the 200 MA what could lead to a bullish sentiment. At the right side of the chart you see the VWAP indicator. The big candles stands for the volume at that price range, at that price range I searched for S/R levels. If we flip the first higher low (green cup drawing) I believe the uptrend will follow...
Looks like we could easily be expecting lower price movement ( BEAR TREND CONTINUED ), most likely will be volatile throughout June with a projected bottom around July 9 (The next 42 days) around 20k ( 30% down from current 28.9k )
As shown the chart there are chosen support and resistance zones to trade BTC. Don't forget money Management and using proper SL. Note: We are expecting Non Farm Payrolls this week on Friday ahead ! Stay safe.
July seems to be a very important month in the price history of Bitcoin. Despite recent volatility, we have not seen any major/decisive orders since July 2021. As of today, the next major resistance is at $42,xxx and the next major support is at $26,xxx. So, bear flag or rising wedge? ...Hint, look at the decreasing volume ;) ___
Comparing the two run up Bitcoin had during 2021, we notice a lots of similarities. Most of us anticipated a blow off top and it didn't really happen. We see lots of similarities between November 16th, 2020 - June 22nd, 2021 and June 22nd, 2021 - January 6th, 2022. If history of 2021 is any indication of what may happen, we may see Bitcoin trend sideways until...
A bar pattern of the Jan-May higher high's has been taken and over-layed the current structure. The DMA's are the Pi-Cycle top model (top is a moving avg of 350*2, bottom is a 111 day MA) have served as critical lines of resistance and support. What am I watching? - First, the bar pattern is clearly similar, however, less explosive. (Less buying power and...