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Lowerhigh

Strk/UsdtBINANCE:STRKUSDT ### IDX:STRK Weekly View: 🔮 **Potential for 70% Upward Correction**: It looks like there's a possibility for a **70% upward correction** in IDX:STRK , based on market analysis. 🚀 This could mean the price is positioned to make a significant bounce if it finds support at current levels. However, it’s important to understand why it's been **dropping** before making any conclusions. ### Why Is IDX:STRK Dropping? Here are a few potential reasons why IDX:STRK (Strike Protocol) has been under pressure: 1. **Market Sentiment**: The cryptocurrency market is known for its volatility, and IDX:STRK might be affected by broader market trends like **bearish sentiment**, uncertainty, or a **downtrend in the overall market**. Cryptos are prone to large fluctuations, and many tokens can drop due to general market corrections. 📉🪙 2. **Ecosystem/Project Challenges**: The performance of any crypto project relies heavily on its ecosystem. If **Strike Protocol** has had difficulty growing or facing challenges like a lack of adoption, technical issues, or poor user engagement, it could lead to **price declines**. This can happen when investors lose confidence in the project’s future prospects. 🚧🛠 3. **Competition**: If other projects are offering better solutions or more compelling incentives, IDX:STRK might be losing out to competitors in its niche. A strong **competitive market** can result in reduced interest and lower prices for the token. 🏁🏆 4. **Liquidity Issues**: A lack of **liquidity** or trading volume can cause volatility, where prices drop due to fewer buyers and sellers in the market. Low liquidity can make the price more susceptible to rapid declines and also hinder upward movement. 💧⚖️ 5. **Regulatory or Legal Concerns**: Any **regulatory action** or legal challenges facing Strike Protocol could impact investor confidence, leading to a drop in price. Regulations around DeFi or crypto in general are still evolving and could affect the token's performance. 📜⚖️ ### Conclusion: While IDX:STRK may be set for an upward correction of 70% 🚀, its recent drop could be attributed to a combination of **market conditions**, potential **ecosystem issues**, or external **factors like competition or regulation**. Always remember to assess the full picture, including the project’s fundamentals, market sentiment, and long-term prospects before making investment decisions! 📊🔍 Disclaimer : Not Financial Advice
Long
by Wolftrader1337
#BTC: IS THE DOWNTREND ENDS HERE??Hey everyone! Appreciate a like and follow if this analysis helps! Welcome to this BTC update. BTC is trading inside a broadening wedge pattern in the daily time frame and currently hovering near the lower trendline of the wedge. Every time the price tested the lower trendline, it formed a new lower low but, the first time, it made a Lower high, hinting at a possible shift in momentum. This could signal the end of the downtrend and the beginning of a new uptrend. A potential bullish outcome includes a new all-time high by the end of the year. Invalidation: Daily close below the previous lower low. What are your thoughts on BTC's current price action? Share your analysis in the comments!
Long
by CoreCrypto1
1
Is APPL priced to perfection? NASDAQ:AAPL It's really starting to feel like AAPL is getting ahead of itself here. Sure, their recent earnings report looked decent, but I think some big takeaways are the decrease in China sales and decrease in iPhone sales. Sure, their services revenue will continue to increase and their buyback props up the stock, but there has been no true innovation in this company. False hopes of an Apple car, now an overpriced VR headset, and iOS that will incorporate other companies' LLMs? Everyone is talking about the next upgrade cycle like it's going to change the outlook of the company. Yeah, Siri might improve, but there won't be any drastic impact on productivity with this first iteration. With all that said, it looks as though the stock is starting to settle down. Recent reports of Warren Buffett halving his stake in AAPL will likely translate to further downward pressure on this stock. AAPL has recently broken below the 20-day MA, retested, but failed to break back above. Now it is sitting between the 20 and 50-day MA. If it breaks below its 50-day MA, it will likely retest previous ATH support. My plan is to buy puts in the short term and hope for a pulldown towards $198.
NASDAQ:AAPLShort
by Average_Joe_Options
NZDUSD Possible retest and continuation to the downsideThe price recently broke out of the ascending channel (4H) and went on to retest the recent swing high, creating an Equal High (EQH). It then rejected the wedge (W) and downtrend line (M) resistance convergence and continued to push downward. Currently, the price is converging with resistance and the 38.2% Fibonacci retracement level. We anticipate that the price may continue to reject this resistance area and push further to the downside. **Rationale:** ~ Wedge (W) and downtrend line (M) resistance convergence ~ Multiple rejections of resistance ~ Shallow pullback (Fib 38.2%) resistance convergence ~ Possible retest ~ Possible lower low formation **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
GBPUSD Retest Completed, Downside Continuation ImminentThe price recently broke out of the ascending channel (4H) and now appears to have retested resistance. The price seems to be rejecting resistance around 1.27337 and converging with the 38.2% Fibonacci retracement level. It seems to have failed to make a new higher high, forming a lower high instead. I anticipate that the price will continue to move downward. **Rationale:** ~ Breakout of channel ~ Retest of resistance level ~ Resistance and 38.2% Fib retracement convergence ~ Rejection candlestick patterns forming ~ Possible lower high forming **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
Bitcoin to 60k - Clarification on the Last PostApologies for the multiple posts on the same topic readers. One of my followers kindly pointed out that we had already hit 64.8k and I realized that I had not proof-read my work before sending out. The title of the last post was supposed to say that Bitcoin was headed to 60k not 64.8k. I have corrected this where I can but unfortunately, am not able to correct this on TV. So, since we’ve hit 64.8k already, the projected price trajectory that I meant to describe can be seen in the chart above. Essentially, it is this: we bounce to 69k and create a new lower high, then we drop back down to 64.8k and break it, dropping further to our multi-year support at around 60k. It is at this point the market will have a decision to make. Do we drop further and retest 48k or do we bounce and head towards that 80k target overhead? As long as we remain on the top side of that multi-year support/resistance trendline, my bet is that we’ll hit 80k next. Hope this clarification makes more sense. Best, Stew
INDEX:BTCUSDShort
by stewdamus
CADJPY: Bearish Divergence Warns of Trend Reversal📉 Overview: CADJPY, previously bullish, now shows bearish divergence on the 1-hour timeframe, forming its first lower high. With a strong 90% short market sentiment, there is significant support for an anticipated bearish reversal. 📊 Technical Analysis: Bearish divergence and the formation of a lower high suggest a potential shift from bullish to bearish. 📈 Market Sentiment: At 90% short sentiment, substantial support for the expected bearish reversal is evident. 📉 Trade Strategy: Consider short positions, aligning with the bearish signals, and anticipate further downward movement. 🛑 Risk Management: Mitigate risks with effective stop-loss orders to safeguard capital. 📈 Conclusion: CADJPY offers a concise opportunity for a bearish trend reversal, supported by bearish divergence and strong market sentiment. Monitor for confirmation and adjust positions accordingly.
Short
by miansarimhameed
AUDUSD: Bullish Divergence Signals Long Opportunity📉 Overview: AUDUSD, post-downtrend, exhibits a bullish divergence, hinting at a potential reversal. With a strong 90% long market sentiment, the analysis suggests a long trade upon the break of the last lower high (LH). 📈 Technical Analysis: Bullish divergence after the downtrend provides a promising signal for a potential upward move. 📊 Market Sentiment: With 90% long sentiment, there is substantial support for the expected bullish reversal. 📉 Trade Strategy: Consider entering after the break of the last LH, aligning with the bullish divergence and overall market sentiment. 🛑 Risk Management: Implement risk management measures, including setting stop-loss orders, to mitigate potential losses. 📈 Conclusion: AUDUSD offers a favorable long trade opportunity, supported by a bullish divergence and strong market sentiment. Monitor for the break of the last LH and adapt positions accordingly.
Long
by miansarimhameed