Based on both the USD and BTC charts, EOS seems set up perfectly for some sort of breakout. https://www.tradingview.com/x/fklpveWC/
1. Strong Support Zone Holding Mazdock has rebounded from a key support level, confirming buying interest. Multiple touches at this level indicate a strong demand zone. 2. Volume Surge on Reversal Increased buying volume signals institutional accumulation. 3. Potential Targets & Stop-Loss Immediate resistance: Near previous swing high. Breakout target: Box pattern height added to breakout level. Stop-loss: Below recent support or breakout candle low.
In the dynamic world of cryptocurrency, few narratives are as compelling as that of XRP ( PHEMEX:XRPUSDT.P ), the digital asset developed by Ripple Labs. Once mired in regulatory challenges, XRP is now entering an exciting phase, reshaping its path and sparking renewed discussions about its future potential. Crypto Strategic Reserve On March 2, 2025, President Donald Trump announced the creation of the U.S. "Crypto Strategic Reserve," aiming to position the United States as a leader in digital finance. XRP was among the select cryptocurrencies—including Bitcoin, Ethereum, Solana, and Cardano—chosen for this reserve. This announcement sent waves through the market, significantly boosting XRP's value and reaffirming its importance in the cryptocurrency ecosystem. White House Crypto Summit Anticipation is building for the upcoming White House Crypto Summit on March 7, 2025. Ripple’s CEO, Brad Garlinghouse, along with other industry leaders, will discuss regulatory frameworks and the integration of cryptocurrencies into the broader financial system. This event is expected to provide insights that could influence XRP's adoption and market dynamics. These developments mark a pivotal moment for XRP, highlighting Ripple’s evolution from controversy to prominence and underscoring the cryptocurrency’s growing significance in the financial sector. Possible Scenarios for XRP Price Movement 1. Sustained Bullish Momentum The inclusion of XRP in the U.S. Crypto Strategic Reserve has bolstered investor confidence. This endorsement may attract institutional investors, increasing demand and potentially driving XRP's price higher. If the White House Crypto Summit results in favorable regulatory outcomes, XRP could experience sustained bullish momentum. Pro Tips: Monitor Institutional Involvement and Regulatory Developments: Positive news in these areas can further fuel XRP's bullish momentum. Key Resistance Levels: A breakout above $2.65 could signal a bullish run, with a move above $3.00 on high volume confirming this trend. 2. Profit-Taking and Short-Term Correction After recent gains, some investors might take profits, leading to a short-term price correction. This is common following rapid price increases as traders seek to realize gains. Pro Tips: Identify Support Levels: Key support levels include $2.12, $1.95, $1.76, and $1.35, where buying interest may resume. Consider Staggered Entries: To mitigate volatility, consider placing buy orders at various support levels. Utilizing Phemex's scaled orders feature can streamline this process. 3. Regulatory Uncertainty Leading to Volatility While the summit aims to provide regulatory clarity, outcomes perceived negatively by the market could lead to increased volatility. Uncertainty in regulatory developments can cause rapid price fluctuations as investors react to new information. Pro Tips: Implement Risk Management Strategies: Use stop-loss orders and appropriate position sizing to protect against adverse price movements. Diversify Investments: Avoid overexposure to XRP by diversifying your cryptocurrency holdings to manage risk effectively. Final Thoughts XRP's inclusion in the U.S. Crypto Strategic Reserve and the upcoming White House Crypto Summit have positioned it at a critical juncture. Traders should stay vigilant, keeping informed about institutional developments and regulatory changes that could impact XRP's price. By considering the scenarios outlined above and implementing sound risk management practices, traders can navigate the evolving landscape of XRP trading with greater confidence. Tips: ? Break free from "buy low, sell high"! Our new Pilot Contract empowers you to profit from ANY market direction on DEX coins with up to 3x leverage. Go long, go short, go further! Check out Phemex - Pilot Contract today! Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Highstreet - A very undervalued asset as of the moment. It has had its up's and down's, but nothing out of the ordinary in terms of Wyckoff. This is looking like a late bloomer, but the chart structure looks very attracting. *HIGH is an Ethereum token that powers Highstreet; a metaverse and multiplayer online game incorporating shopping, gaming, NFT's, and traditional brands. **Apart from realizing a two-way currency flow within physical and virtual worlds, Highstreet (HIGH) introduces a market where in-game items can be redeemed for real-life products. During gameplay, users have an opportunity to explore the metaverse, fight monsters and complete quests all the while acquiring goods that have both digital and real-world utility. When ETH starts showing strength against BTC, I believe this one may follow along very nicely. A lower movement to the 1.786 (.609) isn't off the table and perhaps something slightly lower. But it's looking like a secondary test (ST) in the making. Will be keeping an eye on this one... - Not Financial Advice - *coinbase.com **coinmarketcap.com
Based on historical patterns, I believe we are in the final phase of the current bull run. Analyzing previous market cycles, the peak of the 2013 bull run to the 2017 peak had a 49-month bar separation, while the 2017 to 2021 cycle exhibited a 47-month separation. Following this established “-2” pattern, the next peak is likely to occur with a 45-month separation. Additionally, we are currently positioned within a monthly fair value gap, which could drive the market to new highs. However, I remain skeptical about the sustainability of this rally due to the impact of the U.S. crypto reserve. Institutional investors may perceive this as an opportunity for exit liquidity, aligning with the well-known market principle: "Buy the hype, sell the news." - Gavin do your own research not financial advice just a speculation
The Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
The Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
Hello everyone ! Gold continues its downward trend today, following the decline since the beginning of the week, with prices currently hovering around $2,908. The primary reasons for this drop are the rising U.S. Treasury yields and profit-taking by investors. Right now, the market's attention is focused on the upcoming U.S. jobs report and non-farm payroll data, which could provide clues about the Federal Reserve’s (FED) monetary policy stance amid escalating global trade tensions. "Unless a new catalyst emerges, the current trend could push gold even lower. If the price breaks below $2,900, it may signal further declines toward $2,880, aligning with the lower boundary of the price channel". Happy trading and best of luck !
I use fibonanci to see price movement and help entry level
? SPY Technical Analysis: Potential Upcoming Correction ? Several periods have been identified where volume compresses significantly before suddenly expanding. Historically, these movements have preceded prolonged corrections over time, repeating consistently. Currently, SPY is showing similar signals, with a volume exhaustion structure and an accumulation phase that could trigger a corrective move in the coming sessions. I’ll be watching for pattern confirmations and key levels. ? What do you think? Do you see a possible correction ahead? ?? #SPY #TechnicalAnalysis #Trading