Ethena Labs airdropped a total of $450 million worth of tokens to participants and The largest recipient of the Ethena Labs airdrop received nearly $2 million worth of Ethena tokens on April 2 Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system...
If you haven`t sold BUD after the Dylan Mulvaney scandal: Then analyzing the options chain and the chart patterns of BUD Anheuser-Busch InBev prior to the earnings report this week, I would consider purchasing the 60usd strike price at the money Calls with an expiration date of 2025-1-17, for a premium of approximately $5.50. If these options prove to be...
In my Monday commentary, I stated that there is a high likelihood that OANDA:XAUUSD may have finished correcting, and indeed, the price rose to around 2330. After this initial increase, there was a subsequent drop, but bulls regained control just above the 2300 mark. Yesterday's price movement indicates that dips are being bought, suggesting that Gold has...
I'm examining a potential short opportunity for USD/CHF using Elliott Wave principles. Our analysis suggests that the currency pair is nearing the completion of an impulse phase, which often sets the stage for a significant corrective downturn. The market seems to have completed the impulse wave sequence with wave (5) reaching its peak. This indicates that a...
I'm analyzing a potential short opportunity for GBP/USD using Elliott Wave principles. Our chart suggests that we are nearing the completion of an impulse wave, setting the stage for a significant corrective phase. The market appears to have completed wave (5) of the bullish sequence. This setup typically indicates that a downward correction is imminent,...
I'm exploring a potential short opportunity for the NASDAQ (US100) guided by Elliott Wave principles. Our chart suggests that we are nearing the completion of an impulse wave sequence, which often sets the stage for a significant corrective phase. The market appears to have completed or is close to completing wave (5) of the bullish sequence. This indicates that...
Hello traders, I'm focusing on a potential short opportunity for XAU/USD (Gold) using Elliott Wave principles. Our chart suggests that we are nearing the completion of a bullish impulse wave, which often precedes a significant corrective phase. The market seems to have completed or is close to completing wave (5) of the bullish sequence. This setup typically...
As I mentioned a few days ago, BITSTAMP:BTCUSD has broken above the descending resistance level of its downward channel. This breakout could signal the end of the recent correction. Following the initial climb to the critical horizontal level at 65k, Bitcoin experienced another drop, testing the previously broken resistance level, which this time acted as...
For the past two months, CRYPTOCAP:TOTAL3 has been undergoing a correction. This correction was anticipated for many altcoins and, importantly, is very healthy for the market. Upon closer analysis of the chart, it becomes evident that this correction does not signify a trend reversal. Total3 halted its descent around the 600T zone, which does not represent...
Hello traders, I'm analyzing a promising long opportunity for XAU/USD (Gold) using Elliott Wave principles. Our chart suggests that we're entering an exciting phase of a new impulse wave. The market appears to have completed a corrective phase with wave (4) and is now transitioning into what could potentially be a strong wave (5) upward. This phase typically...
I'm currently evaluating a potential long opportunity for the NASDAQ (US100) using Elliott Wave principles. Our analysis suggests that we're witnessing the formation of a new bullish impulse wave. The market appears to have completed a corrective phase with wave (4) and is now transitioning into what could potentially be a powerful wave (5). This phase often...
Recently, FX:EURAUD breached the 1.63 support level. However, after reaching a low of 1.6220, the pair swiftly reversed, indicating a false breakout. Over the past three weeks, the pair has formed a falling wedge pattern, hinting at a potential reversal to the upside. Confirmation of a bullish scenario would come with a break above the descending trend line. In...
Since the beginning of the year, FX:EURUSD has been in a downtrend. Despite occasional reversals from the lows, a broader examination reveals a pattern of lower highs. Recently, once again, EURUSD reversed from the 1.06 zone low, but its ascent was halted just below the descending trend line, followed by a resumption of the downward movement. Moreover, the...
In my earlier analysis of OANDA:XAGUSD , I emphasized that bulls ought to monitor the price action closely, as Silver's correction might have concluded and previous resistance could now serve as support. As anticipated, following a double Pin Bar formation in that area, Silver's price began to ascend, currently trading at 27.60, around an interim resistance...
In this hourly chart analysis of XAUUSD, we're tracking the gold price within a well-defined descending channel, offering a strategic perspective for a potential short opportunity. The price has recently touched the upper boundary of the channel and has shown rejection, signaling a bearish continuation as per the historical pattern observed in this channel...
In this 15-minute chart of the US30, we have observed a completed Elliott Wave sequence culminating at a high that potentially marks the end of a significant bullish phase. As the index now embarks on a corrective journey, I've applied Fibonacci retracement levels to identify potential reversal zones that could signal the beginning of a short...
I'm currently evaluating a potential long opportunity for EUR/CHF using Elliott Wave principles. My analysis indicates that we might be entering a bullish phase following the end of a significant corrective sequence. The chart shows a completion of a corrective wave pattern labeled (a), (b), and (c), with wave (c) demonstrating a decisive final drop. We are now...
I'm currently evaluating a potential long opportunity for AUD/USD using Elliott Wave principles. According to my analysis, we're witnessing the end of a corrective phase, with a bullish impulse wave likely to take shape soon. The market is now entering what seems to be the beginning of an impulse wave, labeled as (5) in our analysis. The completion of the...