SHIB is currently retracing within its ascending channel, approaching the key long entry zone around 0.00001623 ? This correction aligns with strong Fibonacci levels, providing a solid base for the next upward move ? ? Targets Post-Correction: 1TP: 0.00002800 2TP: 0.00003500 3TP: 0.00004170 The retracement is a healthy sign of accumulation before SHIB continues its bullish trend ?
on 4 hour chart ES looks like entering tightening triangle consolidation which can resolve either way but most likely continue bullish momentum.
Im going to be breaking-down what I feel are the best long-term holds in each sector/category of crypto. This is the Sports/Entertainment category. I will tell you the pros and cons of each project. Chiliz When looking at the chart we can see that Chiliz has been moving in a downward trend for quite some time. On the weekly chart we can see the CHZ has formed a strong bullish divergence. The sports narrative has not yet picked up any steam but once it does, you can bet that CHZ will lead the pack. Pros of Chiliz (CHZ) Fan Tokens: Through partnerships with sports teams, especially in football (soccer), Chiliz allows fans to own tokens that can be used for things like voting in polls, receiving merchandise, or influencing minor team decisions, increasing fan loyalty and engagement. Real-World Use Cases: Partnerships with Major Sports Organizations: Chiliz has forged partnerships with prominent sports teams, such as FC Barcelona, Juventus, Paris Saint-Germain (PSG), and many others, integrating the platform into the fan experience in meaningful ways. Socios.com: Chiliz powers Socios.com, a leading platform that lets fans buy and trade tokens from sports clubs. This ecosystem enhances the use of CHZ and contributes to the growing adoption of the project. Expanding Ecosystem: The project has continued to expand its roster of partnerships with sports leagues, which helps it grow both in the number of users and in the diversity of tokens it offers. Cons of Chiliz (CHZ) Niche Focus: Chiliz’s focus on sports and entertainment means its success is tied to these industries. If fan engagement in sports decreases or the tokenization model doesn't take off as expected, it could significantly affect CHZ’s value and relevance. Legal and Regulatory Risk: Like other cryptocurrencies, Chiliz faces regulatory uncertainty. Countries and jurisdictions are still figuring out how to regulate fan tokens, NFTs, and cryptocurrencies, which could affect Chiliz’s operations and its partnerships with sports teams. Potential for Regulatory Crackdown: If the legal landscape becomes stricter, there could be negative consequences for Chiliz and other crypto projects in the sports and entertainment space. All in all, this is not financial advice and instead just my opinion. Thanks for viewing my post and make sure to check out my other ideas!
Long from 3300$. Target ATHs . C u SOON. I think the bottom is in.
BABA has almost retraced to the $81.61 level which is a gap fill zone from 20240909. Waiting to get back to this area prior to loading up LEAP's that expire in 15+ months. Previously purchased LEAP's in March @ $74 (green circle), and sold in September for $100. Looking for BABA to breakthrough the upper trendline with volume/strength to confirm the big breakout we are all waiting on.
Hi Traders Here is overview of EURUSD Publish on 08 January 2025 Support Zone 1.02800 – This level is crucial as it represents the point where price may find buying interest, preventing further downward movement. If the price drops to this zone, it may be an opportunity for bulls to re-enter. Resistance Zone 1.04370 – This level marks a potential barrier for upward movement. If the price reaches this point, sellers may become active, pushing the price lower. Keep an eye on price action around these levels to understand the next potential move. PS Support with like and Comments for more insights.
The price of oil pulls back from a fresh weekly high ($75.29) to keep the Relative Strength Index (RSI) below 70, and the oscillator may show the bullish momentum abating should it continue to move away from overbought territory. Crude Oil Price Outlook The recent rally in the price of oil seems to be stalling ahead of the October high ($77.38) as it no longer carves a series of higher highs and lows, and lack of momentum to hold above the $73.00 (61.8% Fibonacci retracement) to $74.00 (50% Fibonacci retracement) zone may push crude back towards $71.70 (61.8% Fibonacci retracement). A break/close below $69.50 (61.8% Fibonacci retracement) opens up the December low ($66.56), with the next area of interest coming in around $66.20 (78.6% Fibonacci retracement). At the same time, the recent weakness in the price of oil may turn out to be temporary should crude defend the monthly low ($71.79) but need a break/close above $76.80 (23.6% Fibonacci retracement) to bring the October high ($77.38) on the radar. --- Written by David Song, Strategist at FOREX.com
Revolut will integrate its digital asset quote and trade data into Pyth’s price feeds
Mastodon CEO Eugen Rochko has spoken out about the significant moderation changes announced by Meta on Tuesday, which will see the social networking giant removing fact-checking across its apps in favor of a crowdsourced community notes feature, similar to X’s. The Mastodon founder, whose app competes with X and Meta’s X rival, Instagram Threads, called […] © 2024 TechCrunch. All rights reserved. For personal use only.
On October 16 and November 20, Elon Musk tweeted videos of himself clearing the highest level of the Diablo IV video game in about 2 minutes. While Diablo IV has been out since mid-2023, the latest “season,” called The Pit, launched on October 7. Many asked: How did he find the time to do it […] © 2024 TechCrunch. All rights reserved. For personal use only.