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Ordi/UsdtBINANCE:ORDIUSDT ### 📊 **ORDI Coin Roadmap - Price & Targets** **1. Current Price**: - **ORDI Coin is at $40.42** 💰 - This is the current level we're focusing on. - If the price maintains above this level, we are looking for potential upward movement. 📈 --- **2. Next Target**: - **Target: $45** 🚀 - If ORDI holds steady at $40.42 and maintains momentum, the **next key target** is **$45**. - A **break above $45** could signal further bullish movement 📉 ➔ 📈. - Watch for volume increases and overall market sentiment to help push the price higher. 🔥 --- **3. Key Support Levels**: If the price pulls back or drops, these are the **important support zones** to watch for potential bounce-back opportunities: - **Support Level 1: $34** 🛡️ - If ORDI falls from $40.42, **$34** is a crucial support level. - If price touches or dips below this point, it may find buying interest here (a potential **bounce** area). 🚶‍♂️💸 - **Support Level 2: $30** 🛑 - **$30** is another major support level. - This level is a strong psychological price point where the market may react and hold, stopping further price decline. 🔒 - **Support Level 3: $25** ⚠️ - The **$25 level** represents a critical support point if there’s a sharp decline. - At this stage, the price could either consolidate or face significant selling pressure, so watch for a potential trend reversal. 🌀 --- ### **What Could Happen Next?** 1. **Price Holds Above $40.42**: - If ORDI remains above **$40.42** with positive market sentiment, the next key target would be the **$45** area. 🚀 - **Bullish Momentum**: Price may continue its upward trajectory if the market is favorable, potentially reaching higher levels. 📈🌟 2. **Price Drops Below $40.42**: - If the price starts to drop and tests the **support zones** (starting at **$34**), watch for a possible reversal to the upside or further consolidation. 📉 - A dip to **$25** would need close monitoring, as it might indicate a strong support zone, or if broken, it could signal deeper correction. ⚠️ --- ### **Final Thoughts**: - **Next Target**: $45 (if price holds above $40.42) - **Support Levels**: - $34 🛡️ - $30 🛑 - $25 ⚠️ - **Risk Consideration**: As always, keep in mind that **cryptocurrency markets are volatile**! 🙌 - Make sure to stay informed and manage your risk well. - **DYOR (Do Your Own Research)** 📚🔍 --- I hope this roadmap helps! Again, remember this is **not financial advice**! 💡
Long
by Wolftrader1337
EURUSDEURUSD . Potential long opportunity. Our previous idea for EURUSD has been correct . We believe that EURUSD will continue to the upside after coming down to our PBA 1 (Pull Back Area) . Our entry is sitting at the pullback area at 1.11363 . Break above our PBA 2 would result in higher highs . Our TP (Take Profit) is sitting at 1.12300 . If price falls below our PBA 1 it would invalidate our trade idea. SL (Stop Loss) is set at the break of our PBA 1 at 1.11110 . PARAMETERS - Entry: 1.11363 - SL: 1.11110 - TP: 1.12300 KEY NOTES - EURUSD has fallen to our PBA 1. - DXY still weak. - Break above PBA 2 would confirm higher highs. - Break below PBA 1 would invalidate the trade idea. Happy trading! FxPocket
Long
by FxPocket
GBPJPY Technical Analysis 27.12.2023 1h chart– Previous Daily candle closed small Bullish around 181.060 respecting Daily Support formed on Friday 22nd December 2023. – Buys on close above 181.310 targeting 1h previous Resistance formed on 20th December 2023 around 181.810, Leaving Runners to the 4h Resistance formed around 182.330. – Sells on close below 180.670 targeting Daily Support formed on 22nd December 2023 around 180.250, Leaving Runners to the next Daily Support formed on 4th December 2023 around 179.920. – As we approaching end of the year volume starts to slow down and market becomes volatile so it is extremely important to manage risk and wait for a much stronger confirmation before opening position (s).
by SalimFX20
Silver- Will it drop another 1k pips?Since last Friday's high and strong reversal from 23.50, Solver has dropped 1500 pips. Like in Gold's case, bulls were unable to recover some of the losses and XagUsd is consolidating in the support zone at 21. Here we could also have a new leg down after the consolidation and the obvious target for this drop (swing trading) is the next support at 20, so, 1k pips under the current level. I'm bearish as long as the price stays under 21.50 in terms of daily closing.
OANDA:XAGUSDShort
by Mihai_Iacob
11
GBP/USD Will this be the turning week?The GBP/USD pair has experienced its third consecutive weekly decline, continuing the bearish trend that began in mid-July. During this period, the exchange rate has dropped from around 1.3100 to 1.2232, reaching the lowest level since March last Friday. The combination of an accommodative Bank of England and a decisive pause from the Federal Reserve has paved the way for further weakness in the pair. The Bank of England attracted attention by not raising interest rates as expected, due to lower-than-expected inflation data. In the UK, inflation, measured by the Consumer Price Index, fell to 6.7% on an annual basis in August, compared to 6.8% in July. This influenced the decision of the Monetary Policy Committee. In the current context, lower inflation could have a short-term negative impact on the pound but could be positive for the economy in the medium term. Recent economic data in the UK showed growth in the manufacturing sector but contraction in the services sector. The Federal Reserve kept interest rates unchanged, but many FOMC members see possible tightening before the end of the year. The pound approached the 200-day Simple Moving Average but remained below the support area at 1.2350. A potential shift from the bearish trend to a neutral position would require a recovery above the 20-day SMA at 1.2490 and the trendline at 1.2520. On the weekly chart, GBP/USD is approaching the 1.2200 level, near the 55-week SMA. This convergence could lead to a rebound, but it also warns of the potential for an accelerated bearish momentum if the pair drops significantly below this level. Technical indicators remain bearish, and even a modest recovery in the coming days is unlikely to change this configuration. The expectation is bullish as the price has experienced a false breakout of a swing low at the 1.2238 level. I will look for a long opportunity during the pre-opening of New York tomorrow. Comment and leave a like to support our work. Greetings and happy trading from Nicola, the CEO of Forex48 Trading Academy.
Long
by EdgeTradingJourney
3
GOLD vs CRYPTOAre you an investor looking to make the best of your money? If so, you may be wondering if gold or cryptocurrency is the right investment for you. In this article, we will take a look at both gold and cryptocurrency and compare their pros and cons for investing. We will begin by defining and characterizing each asset, followed by examining the reasons to invest in them. Finally, we will provide a comparison of the pros and cons of investing in gold versus cryptocurrency, helping readers make an informed decision on which asset to invest in. So let’s get started! Definition and Characteristics of GOLD Gold is a precious metal with a yellow hue that is used for jewelry and coins. Its chemical element is Au (Aurum), and has an atomic number of 79. Gold is a soft metal, with a melting point of 1064.43 degrees Celsius, making it relatively easy to work with when crafting into jewelry or coins. It also has the distinct advantage of being chemically inert, meaning it resists corrosion and tarnishing over time, which allows it to retain its original beauty even after years of use. The price of gold can be influenced by many factors, such as supply and demand in the market, as well as geopolitical events. For example, when there are wars or political unrest in certain regions of the world, investors tend to flock to gold as a safe haven asset which drives up the price due to high demand. Conversely, when markets are stable and economies are doing well, investors may prefer other assets such as stocks or bonds since they provide higher returns than gold does during these times. Furthermore, changes in technology can influence the price of gold; if there is an advancement that makes extracting gold easier or more efficient then this may result in lower prices for consumers due to increased supply. In conclusion, gold has stood the test of time as one of the most valuable commodities on earth thanks to its characteristics such as its yellow hue, softness and resistance against corrosion and tarnishing. Additionally, its price can be influenced by various factors such as supply and demand in the market or geopolitical events. Investors should take all these factors into consideration before deciding whether or not to invest in gold. Reasons to Invest in GOLD Gold has been a reliable source of currency and value for centuries, making it a desirable option for those interested in diversifying their portfolios and protecting their wealth. With its intrinsically high liquidity, gold is also an excellent safe-haven asset that can provide stability in times of economic or political unrest. Additionally, gold often does well during periods of high inflation, providing investors with the means to safeguard themselves from financial losses in volatile markets. Moreover, gold offers diversification benefits due to its low correlation with other assets such as stocks and bonds. This allows investors to spread out their risk across different types of investments while still maintaining strong returns on investments. The convenience to buy and sell gold quickly makes it an attractive asset for those seeking rapid access to cash without having to divest from other holdings first. Furthermore, gold's accessibility makes it suitable for all kinds of investors regardless of budget size or experience level. There are many ways one can invest in gold including physical bullion coins, ETFs (exchange traded funds), or even owning stock in companies involved with mining or processing precious metals such as gold and silver. All these factors make investing in gold a viable choice for anyone looking for long-term portfolio growth and protection against market volatility. Definition and Characteristics of CRYPTO Cryptocurrency is a digital or virtual currency that is secured by cryptography, making it nearly impossible to counterfeit or double-spend. It uses decentralized control, with no central authority or government controlling it. Cryptocurrency transactions are secure and anonymous, making them attractive to investors who value privacy. The most popular cryptocurrency is Bitcoin, created in 2009. Other cryptocurrencies use blockchain technology and are often referred to as altcoins. Blockchain technology provides a secure and transparent way of storing transaction records which cannot be modified or tampered with. Transactions are also processed quickly and securely due to the distributed ledger system used by many cryptocurrencies. Cryptocurrencies have several unique characteristics that make them an attractive choice for investors. They are highly liquid assets as they can be bought, sold, and exchanged for other currencies at any time of day. They also have low transaction costs compared to traditional payment methods such as credit cards and bank transfers. Additionally, since cryptocurrencies are not tied to any country’s economic conditions or policies, they provide greater stability than fiat currencies can offer in times of economic unrest or political turmoil. However, there are some drawbacks associated with investing in cryptocurrencies that should be taken into account before investing in them. Cryptocurrencies are highly volatile assets due to their speculative nature; prices can rise and fall sharply at any time without warning as traders attempt to profit from short-term price movements rather than long-term trends. Additionally, cryptocurrency exchanges do not offer the same level of consumer protection as traditional financial institutions; if you invest in a cryptocurrency exchange you should ensure it has sufficient security measures in place before entrusting it with your money. Finally, because of their pseudonymous nature – meaning users’ identities remain anonymous – cryptocurrencies can be used for illegal activities such as money laundering which could put off potential investors from entering the market altogether. Reasons to Invest in CRYPTO Cryptocurrency has become an increasingly sought-after investment option due to its unique properties. Decentralization of the network allows users complete control over their funds and transactions, making it more secure than traditional methods. Low transaction costs and fast processing times give cryptocurrencies an edge in terms of efficiency compared with other payments systems. By investing in crypto, investors can diversify their portfolios and reduce the risk of market volatility associated with physical commodities like gold or silver. Moreover, depending on timing and individual decisions, cryptocurrency can offer high returns; many digital coins have seen huge gains due to their limited availability and strong demand. Finally, there is potential for impressive capital appreciation in cryptocurrency due to its global acceptance and capacity for growth. Open markets around the world make price movements accessible at any given time - allowing savvy traders to capture profits from various markets if managed correctly. As a relatively new form of investment asset, those who choose to invest early are presented with greater opportunity for growth compared to other options available. In summary, investing in cryptocurrency provides investors with a range of advantages that could lead to long-term portfolio growth or protection against inflationary risks. As such, it is important that all prospective investors conduct thorough research before committing funds into this asset class as there are both risks and rewards involved in this type of investment. Comparative Pros and Cons of Investing in GOLD vs CRYPTO Weighing up the pros and cons of investing in gold or cryptocurrency is a key factor to consider when it comes to making an informed decision on which asset type would best suit one's individual needs. Gold has traditionally been seen as a reliable source of currency and value, offering stability during times of economic or political unrest. Additionally, gold provides diversification benefits due to its low correlation with other assets while also having high liquidity and accessibility for all types of investors. Conversely, crypto investments have become increasingly popular due to their unique properties such as decentralization of the network, low transaction costs, fast processing times, and potential for high returns. Investing in cryptocurrency can help diversify portfolios and reduce risk associated with market volatility; furthermore, crypto is not affected by inflationary pressures like gold is. However, it's important to be aware that both gold and cryptocurrency have their own set of drawbacks that should be factored into any investment decision. For example, gold prices are more volatile than cryptocurrencies but also more stable over long periods of time; additionally, gold has higher liquidity than crypto meaning it’s easier to liquidate investments quickly if needed. Ultimately investors should conduct thorough research into both asset types before deciding which will best meet their own personal goals when investing money. By being aware of the advantages and disadvantages outlined here they will be able to make an educated choice when selecting either gold or cryptocurrency as part of their portfolio. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDEducation
by Lingrid
6