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Growthbank

HOW HIGH WILL DOGE COIN REACH IN 2030? - DOGE Price PredictionThe DOGE is inferior to the inflation rate of the USD and has a limitless supply, albeit the inflation momentum does diminish over time due to a set distribution pace. Although the circulating supply is fully unlocked, the total amount of DOGE is already high. Dogecoin's one-minute block time is inferior to those of other payment processors like VISA. In addition to the aforementioned, the whole cryptocurrency market is now struggling. As Bitcoin prices fell below their psychological level of $20,000, the sentiment in the cryptocurrency market appears to be gloomy. Because of this, the cost of Dogecoin is probably going to remain stable between $0.055 and $0.075 through the end of 2022. Cryptocurrencies are anticipated to be widely used by 2030. Given that the internet is practically ubiquitous worldwide access to a person's preferred token is simple on earth. A meme token created to be a humorous representation on the internet is called Dogecoin. Today, most people choose to spend their time having fun online. Dogecoin can be used to tip content producers all over the world. Dogecoin might experience a significant price growth from today, hitting prices between $2 and $4 and a market worth between $266 billion and $533 billion by 2030, if this scenario comes true. LIKE, COMMENT AND SHARE.
BITFINEX:DOGEUSDLong
by DEinvestment
6
[EURUSD] Sell Limit - 04/05/22 - New York SessionMonthly : On the monthly timeframe we have a few key things going on. For one we have an overall downtrend that has been respected since 2011. Next we have a downtrend that was respected from 2015, with an underlying uptrend from the same time. Together these trendlines have created a bearish variant Symetrical Triangle structure. Market is currently at the 5th point of this structure which based on market structure means that it should continue bearish break that zone, retest and then continue. Also there is divergence forming indicating a reversal, which is interesting but not surprising because price just got down to this low point. This is an overall perspective on the highest possible timeframe, so my bias here is bearish. Weekly : The weekly structure has been bearish. There has been some retracements but no change in structure. Weekly bias is bearish. Daily : The market has been bearish. From the last break of structure market rejected a -61.8 point and retraced up to the 78.6 and has been bearish since then. Market is going to continue to be bearish and hit the -27 zone. The first zone that it needs to touch is the -61.8 rejection zone. We are expecting slow highs and lows before eventually hitting the -61.8. Bias is bearish. 4H : Structure hasn’t really formed. It has been a consistent downtrend. It has found some support at a demand zone and that’s about it. Bias is bearish. 1H : The trend is in a continuation pattern. It retraced to 23.6 but hasnt shown any signs of any type of opposite movement. Bias is bearish. Entry : On the 15M after market hit the 23.6, it has been bearish, and had a 78.6 retracement. Because 23.6 is a zone of continuation I’m not expecting it to break that high. I drew out a trendline and my entry is where market will retest that trendline before continuing the trend. This entry also falls in a liquidity zone because it is above the previous LH. Market is going to sell .
Short
by growthbank
1
[GBPJPY] Buy Limit - 03/09/2022 - London SessionMonthly & Weekly : On the monthly timeframe we don’t really see any clear trend. There was a trendline that was broken, so it’s safe to say that anything over this trendline is bullish, however we are stopped by the monthly resistance zone that has been respect for the past 4 years. I have noticed that the resistance zone also falls in the same place as the monthly key level and has continued to be rejected. It’s safe to say that this market will continue to fall into either the next monthly key level or the weekly support zone. There was also slight divergence which was acted upon as the price fell from the resistance zone. My bias here is bearish . Daily : This is a little bit more interesting now, because from the last high to the last low before the retracement, we had a 38.2 retracement which means that market would continue to the -27, which it is currently at as we speak. This -27 zone is also a monthly key level. Hmmmm. We don’t have any divergence which would be our indicator that the market is retracing, but we do have a -27 and a monthly key level being rejected off of so some reversal is expected. My bias here is bullish . 4H & Lower : You can’t get too detailed on this timeframe so we will combine the 4H with the lower timeframes as well. Price has been consolidating around this zone for about a week and is showing bullish momentum. On the hour we can see a clear trendline being formed with some support at the .50 zone. So we can expect a target at the -27. There has also been some resistance formed and support formed at the 38.2 zone. We are looking to get the best entry possible so on a smaller timeframe we can notice that within that support and resistance zone there were lower lows formed with a 78.6 zone. We know that the 78.6 means that it will eventually sell to the -61.8 so that is where we have made our entry, which would also be a retest of the trendline. But a 38.2 retracement also means that it should push sharply to the -27 however it has not done that. So either it will come down and retest the trendline or it will break the resistance zone and continue to the -27. My bias here is bearish , until entry where we will finish the bullish momentum.
Long
by growthbank
[Growthbank] CHFJPY Sell IdeaCHFJPY has been on a consistent uptrend on all of the higher timeframes, and has just now found some resistance. The retracements on the higher timeframes have been around the 61.8% range so that is what we are looking for moving forward. On the daily chart we have broken structure to continue the sell until the end of this overall retracement zone. Expecations: Market is going to retest the previous break of structure on the daily chart. This zone also has a diagonal daily trendline, an H4 demand zone and a liquidity key level within that zone. Market will snipe the liquidity key level and then continue selling following the rest of the overall markets retracement.
Short
by growthbank
1
[AUDUSD Backtest] Buy IdeaI am currently backtesting this losing AUDUSD trade to identify what was done right and what I could have been done better. Overall I had the structure of the trade perfect down to the take profit, but the issue with this trade was the stop loss was too tight. I understand the uses of supply and demand zones now, so I will be less likely to make this mistake again in the future. If I had properly created a 15 min demand zone, the trade would have gotten a sniped entry and I would have made a great amount of money. Unfortunately I made a stop loss which was 6 pips too tight and it stopped out.
Long
by growthbank
1
[USDCHF] Buy Idea - WEEKLY SUPPORT ZONEI started with a top down analysis and noticed that according to the weekly time frame, this pair has reached it's support zone. On the daily chart we have seen that price has formed a double bottom testing the support zone. On the H4 we have seen a downward facing flag formation, and according to proper market structure we are expecting a bullish movement to occur from this formation. Entry is based on last high low and fib, with entry around 61.8! This pair will make a 300+ pip movement for the buy.
Long
by growthbank
[USDJPY] Buy Idea - Horizontal SupportWhen I trade major pairs like USD or JPY, I notice a more stringent market structure formation. Very rarely do these major pairs not follow market structure rules on higher timeframes. We see a clear bullish movement according to the horizontal support line. I'm looking at an entry at the last retracement wick, which beautifully touched the 61 line on the fib. The market is going to retrace down to this point, bring us into the trade and continue in a bullish formation.
Long
by growthbank
[XAUUSD] Buy Idea - Bullish Pennant on D1We are observing the formation of a bullish pennant formation on the daily time frame. A top down analysis allows us to observe the pennant on the Daily, and understand that before price makes its way into a bullish formation, it must respect the horizontal support line. Our buy limit is set at the bottom of the horizontal support as it pertains to the last two lowest wicks in the formation. We should be able to snipe it and follow our take profits as gold rises into the resistance zones.
FOREXCOM:XAUUSDLong
by growthbank