Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March. The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy in the Defi ecosystem
Currently, we are trading in an ascending...
We took advantage of the downside movement last week on this pair. Check out how 4HR levels have been violated. Another bearish week?
We have seen the JPY reverse last week after lockdown restrictions have eased for the majority of cities in Japan.
We are currently at a key long term level in price - a break of this level will mean further downside movement this week!
The beauty of elliott waves is not only in their invaluable analytic tools but also in their trading methology. They tells us that previous W4 area acts as a support/resistance. When price action breaks this zone it often suggets that the trend has changed and reversal is more likely.
This indeed happended recently on BTCUSD. Price action exceeded the prevous W4...
How's it going, Alkalites? We have seen Bitcoin recovering after wicking from our $31k technical level.
It is starting a bullish movement, but it may struggle crossing the EMA200.
Let's see if we can find some reliable futures set-ups today.
See you later, Alkalites.
Here we have the Gold chart.
You can see this ascending channel is continuing to hold. However, bears are currently keeping a lid on price and we have moved into a ranging market on the lower timeframes.
Are we due a small pullback before another push to the upside?
Any questions? Drop me a message!
Here we have very simple structure for GJ.
Key levels drawn. A channel has been identified. We are in a clear uptrend in this market.
However, we are expecting a JPY reversal in the near future, so we can look for technical indications about when this reversal may occur, then see if the fundamentals are also pointing in the same direction.
At first glance this might seem like quite confusing, let's break it down for you!
We have several key levels in price marked on the chart.
We have identified the 1.40, 1.41 and 1.42 key psychological whole levels.
We have a Fibonacci drawn to highlight a potential long entry. Drawn from the swing low to the swing high, you can see the potential long entry has...
In times of economic strife investors flock to gold as a safe haven asset.
We are seeing Gold trading inside this ascending channel, breaking above key levels in price.
A forecast has been identified for the short term.
Where do you sit on gold?
Check this setup out.
We've seen 1.40 respected both as resistance and now support.
A key level in price coinciding with a key psychological whole level can act as a strong turning point in the markets.
Dollar has held firmer this week, but GBP has been strong throughout.
We have seen price break our descending trendline. Could this be a sign that things are starting to turn for the USD?
Have a great trading day, remember - Jobless Claims data release is out today and every Thursday.
CJ has been very bullish recently.
We've been in a risk off environment, USD and JPY hit with a poor economic and fundamental outlook. Traders are flocking to the CHF as an alternative safe haven.
Price is currently residing at the 121 whole level. We have seen some initial rejection with sell orders being triggered.
Will we see a turn in price this week or...
DOT/USDT - 4HR Chart
Two key levels have been identified. We're looking very bullish on this coin.
We have made a price forecast in line with the technicals. Lets see how it pans out!
Crypto is a very volatile asset class. Only risk money you can afford to lose.
EUR/USD - 4HR Chart
We can see price was respecting this ascending channel. We broke with a strong bearish push after price failed to test the upside of the channel.
We are currently testing 1.21 which has acted as a key psychological resistance level previously. Will we see the strong bearish move to the downside as forecasted?
Watch out for NFP release today...
Bring up a chart! Identify the trend, using trendlines as above to highlight a channel can be useful with this.
Then, identify levels in which price has gravitated towards and bounced from on a consistent basis. You can see three of these key levels in the chart above!
This is simple market structure and can really help you with chart analysis.
Not one of the more talked about coins - but here's some analysis
We've seen this coin continue to simmer after a breakout of this descending channel. What we're looking for is a break above this highlighted level, potential pullback before a confirmation entry to the upside!
Disclaimer: Be very careful with crypto investments. Only risk what you can afford to lose.
Here we can see simple structure for EA, with two potential price paths for the pair based off this 4HR key level.
Price broke a long term descending trendline and since bulls have recovered bringing price higher. We are long term bullish on the Euro and awaiting fundamental confirmation before a strong bullish move.
However, for the time being it's possible...