BINANCE:OMUSDT Bollinger Bands are squeezing tighter than they’ve been in months. That kind of compression almost always leads to a high volatility expansion. The key level to watch is the midline — reclaim it, and upside targets open up fast. $12 soon
EURJPY has successfully broken out of the falling wedge pattern, hitting the projected target of 160.000 and delivering significant profits. This breakout confirmed a strong bullish reversal, allowing traders to capitalize on a deep profit opportunity. The falling wedge is a classic bullish pattern, and its breakout was accompanied by increasing momentum, pushing the pair higher in a sustained rally. With price action playing out as expected, traders who entered early have already locked in substantial gains. From a technical perspective, EURJPY’s bullish structure remains intact, with strong support now forming around the 158.000–159.000 range. If the price consolidates above this level, we could see further upside potential beyond 160.000. However, traders should watch for any retracements or potential resistance at key psychological levels. If bullish momentum continues, the next targets could extend toward 162.000 or higher, depending on market conditions. Fundamentally, EURJPY’s movement is heavily influenced by central bank policies. The European Central Bank’s (ECB) stance on interest rates, coupled with the Bank of Japan’s (BoJ) continued monetary easing, has contributed to yen weakness and euro strength. Additionally, risk sentiment in the market plays a crucial role—any shift toward a more risk-on environment will likely support further bullish moves in EURJPY. As the pair remains in an uptrend, traders should monitor key economic events and price action signals to maximize their profit potential.
LTCN has created a giant cup and handle pattern. If this measured move plays out which i believe it will we could a prior all time high at least. This is all dependent on what Litecoin will do obviously and if you read my in depth analysis you see that I believe Litecoin will be worth more than 10k in the coming years. Grayscale has also filed to convert its Litecoin Grayscale Trust to an ETF, which will almost certainly happen. This is also why the price of LTCN has lost most of its premium and is coming down to its NAV price. LTCN will follow Litecoin to its NAV price from here on out more than likely so dont expect wild swings unless Litecoin makes wild swings. There is a bearish scenario I must tell you about as well. The chart pattern you see is a cup and handle but also the triangle price action has been in since the pump is a descending triangle. Descending triangles are normally bearish. A break below the support line and a closure below would mean LTCN comes down to probably 3 to 6 dollars. This is highly unlikely unless the entire crypto market tanks and Litecoin comes down to 30 dollars. I dont see that happening but I thought I would point that out. There are instances where the descending triangle is bullish. This is probably one of them, where the price continues to bounce off the lower support line but fails to break through finding support and eventually breaking out of the triangle to the upside. There could be a false breakdown trapping short traders before the move up as well so dont be fooled. BBWP is indicating a sizeable move coming it just doesnt tell us what direction. From my analysis I believe its a 90% chance we break up. This is not financial advice this is just my opinion. Follow me for more updates. Thank you and good luck my friends.
Fundamental View Earlier on Wednesday, during a news conference, BOJ Deputy Governor Shinichi Uchida stated that the central bank has no immediate plans to sell its large holdings of exchange-traded funds (ETFs). He also reaffirmed that the BOJ’s monetary policy is not intended to manipulate currency rates. He however declined to comment on U.S. President Donald Trump's remarks on Monday criticizing Japan and China as intentionally weakening their currencies. For the rest of the week, the economic calendar is packed with high important events that could drive significant market movements. Later Today at 5:15PM GMT+4, the ADP Non-Farm Employment Change will be released, providing insight into private sector job growth. Meanwhile, 141k has been forecasted denoting a 42k decrease from the previous month of February. While At 6:45 PM GMT+4, the Final Services PMI is set for release, with expectations that it will remain unchanged from the previous month of February. Shortly after, the ISM Services PMI will be in focus, with a forecast of 52.5, slightly lower than the previous 52.8. On Thursday, markets will turn their attention to the U.S. Weekly Unemployment Claims, a key indicator of labor market health. Finally, on Friday markets attention would be shifted to the U.S. Jobs Report for February, a crucial release that could set the tone for future Federal Reserve policy decisions. These data points have the tendency to drive markets hence causing volatilities, accompanied with potential risk and reward. Technical View The USD/JPY remains supported around the key 149 level, acting as a strong barrier. In the previous session, the pair briefly dipped to 148.09, but buyers pushed it back toward the 149 zone. A decisive break below this critical support could be triggered by a fresh market catalyst. Given the upcoming high-impact news releases in the cause of the week, if the United States dollar losses momentum further, bears could take advantage of this, hence driving the pair toward 147.36, followed by the 145 psychological level. Further downside pressure could see a move toward the 142 zone. Conversely, if the U.S. dollar strengthens, the pair could rally, with bulls targeting 151, a level where price previously faced rejection. A successful break above this resistance could open the door for a push toward 154. Breakouts beyond these levels remain possible, depending on market dynamics. Meanwhile, the RSI sits at 38.24, just above the 30 oversold thresholds, suggesting there is still room for downside movement before testing overbought conditions. For now, the market remains relatively quiet, awaiting the next catalyst.
The U.S. Senate has officially passed a resolution to repeal the controversial IRS DeFi Broker Rule, a regulation passed during the Biden-era rule.
The UK Financial Conduct Authority has issued its first review of private market valuation processes and has found good practice but some room for improvement.
Mexican billionaire Ricardo Salinas Pliego has made a bold move, allocating 70% of his investment portfolio to Bitcoin.
Nachdem wir Natalie Portmans Trend-Kleid gesehen haben, steht eine Sache fest: Im Frühling wollen wir unsere Dresses nur noch so tragen!
you can go long now or wait for entry point and then go long have fun :)
H1 - Bullish trend pattern Strong bullish momentum Until the two strong support zones hold my short term view remains bullish here.