Trade Setup: Long (Buy) Entry Price: 158.661 (current price level) Take-Profit (Target): 164.850 (upper resistance zone with a potential gain of 3.9%) Stop-Loss: 156.112 (below the marked support zone to protect against downside risk) Risk-Reward Ratio (RRR): Approx. 1:2.4 (favorable for a long trade) Position Details: Reason for Entry: Price action suggests a reversal near the support zone, with bullish momentum building. Momentum indicator (Squeeze Momentum) shows a potential upward shift. Price is within a retracement, and the upside target aligns with resistance at 164.850. Stop-Loss Justification: Placed below the strong support at 156.112 to allow for minor fluctuations. Take-Profit Justification: Key resistance level at 164.850 aligns with the previous high and projected bullish trajectory.
Inverted Head & shoulder, ready for bullish breakout
Go through the analysis carefully and do trade accordingly. Anup 'BIAS for the day (04-12-2024) Current price- 2645 "if Price stays below 2670, then next target is 2635 and 2620 and above that 2680 ". -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
Hello Traders, GBPJPY looks all set to continue bearish momentum.
PancakeSwap, a leading decentralized exchange (DEX) on the BNB Chain, has recently launched a groundbreaking platform called SpringBoard. This initiative aims to democratize token creation by simplifying the process to the point where no coding skills are required, and there are no launch fees. PancakeSwap's SpringBoard is designed to be an all-in-one platform for token issuers, enabling them to: Launch tokens effortlessly: With just a few clicks, users can create tokens, set basic parameters, and integrate them directly into the PancakeSwap ecosystem. Ensure liquidity: SpringBoard features automatic liquidity pool integration once liquidity hits 100%, ensuring tokens are tradable with ease. Boost with CAKE: The SpringBoard Farm Program uses CAKE to enhance community engagement and liquidity provision. Fundamental Impact The launch of SpringBoard has several fundamental implications for both PancakeSwap and the broader DeFi space: Accessibility: By removing the need for coding and launch fees, SpringBoard opens the door for a wider audience to engage in token creation, potentially leading to an explosion in the number of new tokens on the BNB Chain. Decentralization: The platform's fair launch mechanism, which avoids pre-sales or seed rounds, promotes a more decentralized token distribution, aligning with the ethos of DeFi. Technical Analysis of NASDAQ:CAKE As of the latest data: NASDAQ:CAKE Price: Currently trading at $4.14 USD, up by 30.97% in the last 24 hours with a trading volume of $727,884,413 USD. Market Position: NASDAQ:CAKE holds the #105 spot on CoinMarketCap with a market cap of $1,185,333,784 USD and a circulating supply of 286,235,458 coins. Technical Indicators: The Relative Strength Index (RSI) for NASDAQ:CAKE stands at 80, indicating an overbought status. This suggests a potential for a short-term correction or consolidation before any further upward movement. Support Zone: The 38.2% Fibonacci level could act as a significant support zone, providing a potential buying opportunity if NASDAQ:CAKE pulls back to this level. Market Sentiment and Future Prospects The introduction of SpringBoard has not only pushed the price of NASDAQ:CAKE up but also sparked a significant uptick in the value of CRYPTOCAP:BNB , reflecting the market's positive response. Here's what this might mean: Innovation and Growth: PancakeSwap continues to innovate, keeping it at the forefront of DeFi. This could attract more developers and projects to the BNB Chain, increasing its ecosystem's value. Tokenomics: With the shift towards a deflationary model via "Ultrasound CAKE," reducing emissions while increasing burns, NASDAQ:CAKE could see long-term value appreciation, making it an attractive hold for investors. Conclusion PancakeSwap's SpringBoard platform marks a significant step forward in making token creation accessible to all, potentially leading to a surge in token innovation on the BNB Chain. While the current market dynamics suggest a short-term overbought condition for NASDAQ:CAKE , the fundamental changes in token creation and distribution could drive sustained interest and investment. Investors and project creators should keep an eye on the technical indicators and market responses, as SpringBoard could very well set a precedent for how new tokens are launched in the DeFi space. By simplifying token creation, PancakeSwap not only empowers developers but also enriches its own ecosystem, setting the stage for a vibrant future in decentralized finance.
? * INDEX:GALA is heading for TP3!* • Already **232% profit** secured and the momentum is still strong! ?? • Eyes on the next target—big moves ahead!
Gold traded in a narrow range yesterday to end effectively unchanged. There was more of the same in early trade this morning. Gold bulls have been shaken by several recent events, the first being the protracted slump which followed Trump’s election victory in early November. Prices sliced below intermediate support at $2,600 in a move that must have driven out a stack of leveraged buyers. Gold only managed to stabilise after dropping into the $2,530s, an area that acted as resistance in August through to September this year. It then staged a strong recovery, breaking back above $2,700 in little over a week. This rally boosted bullish confidence. But that was suddenly shattered by another brutal sell-off in the last week of November. This single-day drop of 4% has caused considerable damage to the bullish consensus, and the gold market has yet to recover. It was encouraging that gold managed to hold above $2,600 this time. But upside progress has been weak so far. Would-be buyers are wary of walking into another sharp sell-off, and for confidence to return, gold may have to consolidate further and prove itself resilient to downside pressure.
Hello Traders, this is Ripplayer ETH has been forming this Rising Wedge and getting ready to break out to the downside. This trade could take us to our target $2,700 If you were to open a trade, wait for the confirmation breakout with volume support! It is ideal to take some profit right now as it is reversal pattern. Thank you, Traders, for taking your time to have a look at my Analysis. Have a fantastic day and a safe trading, all the Best! "Chance favors the prepared mind.” – Louis Pasteur Please like, subscribe and share your ideas and charts with the community! I have just opened Telegram for quicker updates and Technical Analysis! TELEGRAM @ripplayeranalysis Disclaimer! Information provided is not a financial advice, it is only educational purposes. You make your own choice!
Three years ago, Truflation launched the first real-time U.S. inflation index, challenging the belief that inflation was merely transitory.
Britannia Global Markets has announced the appointment of industry veteran Martin Ryan as Chief Operating Officer (COO).