In my morning video analysis, I noted that after yesterday's strong bearish engulfing candle, the most likely scenario was a continuation of the down move, with the next support level identified around the 2660-2665 zone. The price indeed reached this area, but I believe this support is too obvious and likely to break, instead of a meaningful reversal. At this point, it is very risky to trade against the flow. A more prudent approach would be to wait for rallies and consider selling at higher levels.
The current overall direction for The Australian dollar is a downtrend with multiple ranges on the lower timeframes respectively while gathering liquidity points and levels to be taken out upwards before eventually moving back down in the upcoming weeks. Current price: 0.63669 POI: 0.62697(If the price gets to this level, we should get a position if a signal appears)
Market completed its inverse M pattern and gives the retest of its bottle neck which we grab the opportunity of 300 pips yesterday. What scanarios we have now? As i entered on bearish volume trade from 2668 area with very strict stoploss of 2671. My optimal traget will be 2652 area for today.
Ripple ( CRYPTOCAP:XRP ) is set to benefit from a major boost in innovation and adoption following an announcement from KaJ Labs, the developer behind the on-chain enterprise platform Atua AI (TUA). The lab has committed an astounding $100 million to develop advanced AI tools tailored specifically for the XRP ecosystem. This strategic move underscores the growing convergence of blockchain and artificial intelligence technologies, signaling a transformative phase for decentralized finance (DeFi) and enterprise solutions. A $100 Million Vision for AI and Blockchain KaJ Labs’ funding initiative focuses on creating AI-driven solutions that enhance Ripple’s robust infrastructure. Key areas of development include: - Streamlining enterprise operations through AI-powered automation. - Enhancing DeFi functionality with predictive analytics and real-time insights. - Advancing XRP-based platforms by integrating AI tools for decision-making and workflow optimization. This investment represents a pivotal step toward expanding Ripple's utility beyond cross-border payments, positioning XRP as a central player in decentralized enterprise innovation. Ripple’s Advantage: AI Meets Blockchain Atua AI’s focus on Ripple’s scalable and efficient ecosystem offers a unique synergy. Ripple’s infrastructure, known for low transaction fees and high-speed capabilities, complements Atua AI’s cutting-edge solutions. Together, they aim to revolutionize how businesses operate, offering benefits like: - Real-time analytics for informed decision-making. - Predictive modeling to anticipate market trends. - Seamless automation to enhance operational efficiency. Market Impact: CRYPTOCAP:XRP Price Outlook Despite a minor dip of 0.33%, CRYPTOCAP:XRP remains a hot topic among traders. Currently consolidating after a surge near $3, XRP’s Relative Strength Index (RSI) stands at 48.78. This indicates a balanced market sentiment, with potential for bullish momentum fueled by the Atua AI announcement. The partnership is expected to ignite interest among institutional and retail investors, potentially driving CRYPTOCAP:XRP toward new highs. Immediate resistance lies near $3, while support around $2.75 provides stability for further accumulation. Fundamental and Technical Insights Align This groundbreaking initiative positions CRYPTOCAP:XRP at the intersection of blockchain and AI, enhancing its appeal as a multi-faceted asset. As KaJ Labs channels its $100 million investment into research, AI model training, and deployment, the Ripple ecosystem is poised to benefit from accelerated innovation and adoption. For traders, CRYPTOCAP:XRP offers a compelling narrative: a top-tier cryptocurrency backed by cutting-edge technology and transformative partnerships. Conclusion KaJ Labs’ $100 million commitment to the XRP ecosystem highlights the increasing role of AI in blockchain. With Atua AI spearheading this initiative, Ripple is set to unlock new possibilities for DeFi and enterprise solutions, paving the way for a more integrated and efficient decentralized economy. Key Levels to Watch: - Resistance: $3 - Support: $2.04 - RSI: 48.78, indicating potential bullish movement. Ripple and Atua AI’s partnership represents a milestone for blockchain innovation, with CRYPTOCAP:XRP poised to lead the charge into a new era of decentralized intelligence.
The analyst predicts that the price of Ethereum will decrease in the next 24 hours. This prediction is based on a quantitative analysis of recent price trends
A analyst predicts that the price of Bitcoin will decrease in the next 24 hours. This forecast is based on a quantitative analysis of recent price trends.
Analyzing the #Toncoin chart in the daily timeframe, we observe that after a 30% decline from $7.2 to $5, which created a significant liquidity gap, the price faced buying pressure and has now recovered above $6.4. I expect this liquidity gap to be filled soon, leading to further bullish momentum for this exciting cryptocurrency. The potential targets for this rally are $6.65, $7, $7.25, and $7.5. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
https://www.tradingview.com/x/w03kzgU2/ NZDCAD broke a support line of a wide consolidation range on a daily. It opens a potential for a further decline. Next support - 0.816 ❤️Please, support my work with like, thank you!❤️
? US100 Elliott Wave Analysis with Fibonacci Retracements ? This chart presents a detailed analysis of the US100 (Nasdaq 100) on the 8-hour timeframe, combining Elliott Wave theory with Fibonacci retracements. ? Key Observations: Impulse Waves: The green count highlights the classic five-wave impulse structure according to Elliott Wave Theory. Wave 5 peaks at approximately 21,781. Correction Phase (ABC): Following the impulse move, the chart shows a projected ABC correction, with Wave A already marking the first pullback. Fibonacci Levels: Fibonacci retracements (0.236 - 0.786) are plotted to identify potential support zones during the correction: The 0.382 level at around 21,215 aligns closely with Point A. The 0.618 level (strong support) at 20,865 could be a target zone for Wave C. Wave C Target: The Wave C projection suggests a potential completion near 20,298, the 100% retracement level. ? Trading Ideas: Short Setup: If Wave B has completed, short positions targeting the 0.618 to 1.0 retracement zone (20,865 - 20,298) could be considered. Long Opportunities: A reversal around the 0.618 or 1.0 levels might offer an interesting entry point for long trades. ⚠️ Note: As always, this setup should be validated with additional technical indicators and fundamental analysis. The latest Commitments of Traders (COT) Report from December 3, 2024, reveals that Commercials hold a net short position of 40,869 contracts in the NASDAQ-100. This indicates that these market participants are expecting declining prices. (wellenreiter-invest.de) This positioning by the Commercials aligns with the previously analyzed ABC correction in the US100 chart, where a decline toward the Fibonacci retracement levels is anticipated. Source: COT Data - Wellenreiter Invest What do you think about this scenario? Share your thoughts and strategies in the comments! ?
Liebe Tradingview Community, anbei meine aktuelle Idee zum SOL/USDT Futures Chart. Keine Finanzberatung/DYOR