Possible Swing trading(long) opportunity seems to be emerging in HEG. Prince has broke out of a trend line. Price has closed above R1 pivot point. https://www.tradingview.com/x/YPEU66yQ/ Please note this is not a trading recommendation. This is for educational purposes only. I may or may not have my position in this stock. I record my conviction about a stock to check in the future if it played out as per the anaysis or not?
As I stated in my last observation, the "bottom" held and the S&P e-mini's began to move up reaching a .236 retracement at 5639. Considering the damage from the last few weeks, it was a welcome and much needed recovery. Looking forward, I expect a continuation of the market to chop higher heading to the next important level of 5709, or a .382 retracement. There was so much damage to so many stocks that it would be hard to expect much more than this, but given the highly emotional way people sold into this down move, there should be an equally emotional move higher as FOMO kicks in and investors reluctantly buying many of the same companies they recently sold: wash sale rules be damned.
hi traders, The price broke the support and made a new low. The same happened for ZECUSDT in July 2024. Soon after ZEC reclaimed the support, the price rose almost 400 %. I expect something similar for ICXUSDT. If the price recovers the support, it should go higher so we should retest at least the last swing high. I'm very optimistic as I expect a solid bounce in the market soon.
"Although these two assets are not strongly correlated in general, there has been a notable increase in correlation during this cycle between BITSTAMP:BTCUSD and $INTOTHEBLOCK:BTC_HASHRATE. If this trend continues, Bitcoin's price could potentially follow suit, targeting the $95K– GETTEX:97K range."
A recent incident has caused a stir in the decentralized finance (DeFi) community. It has been reported that a user lost over $700,000 in a sophisticated sandwich attack.
U.S. officials have detained a well-known Russian bitcoin entrepreneur on his family vacation.
Thomas John Sfraga, known as “TJ Stone,” has been sentenced to 45 months in prison for wire fraud after scamming crypto investors out of more than $1.3 million. The U.S. Justice Department announced on March 14 that Sfraga, who pleaded guilty in May 2024, was sentenced in the Eastern District of New York. Court records […]
This follows the trend that I've been posting about for months. The drop is inevitable with volatility. Seems like 80% chance of dropping below 80k to around 78k range before it pumps again! Could be wrong, but we will definitely experience another drop....be ready! Safe trading out there!
hi traders, The higher low may be in the making. The chart still looks good. Still much better than many altcoins that made new lows. If ALGO holds the higher lows structure, we should see 0,75-0,80$ this summer. Don't be greedy. This is completely different market than in 2021. Good luck