Another swing for ZEN coming?BYBIT:ZENUSDT.P
Horizen has gained my interest just with looking at the volume etc in the past. Going to wait and see how this reacts.
ill update.
Tradertime
SOLANA UPDATE 2023Solana's Firedancer Testnet Sparks 80% Gain
Solana, often called the "Ethereum killer," has surged by an impressive 80% in the past month, thanks to the launch of its Firedancer testnet – a much-anticipated scaling solution. This surge has rekindled investor optimism in Solana, and its native token, SOL, has seen an 81% price increase in the last month, reaching over $41 on November 2. This recovery is significant, considering that Solana was down 84% from its all-time high. It's now emerging as a strong contender in the crypto space, outpacing even Ethereum in recent gains.
USD increased thanks to the new CPI indexUSD well and truly broke the sequence of six consecutive days of losses. The dollar rebounded sharply after the inflation data, having traded around flat before the numbers. A fourth consecutive week of initial weekly jobless claims around 200k also suggested tightness in the labour market continues. Yields rose though more Fed commentary stuck to the recent script. That being that rising long-term rates are doing “some of the work” for the Fed amid tighter financial conditions. The DXY is firmly back in the long-term ascending channel. EUR had poked out of its descending channel over the last two days
USOIL:I think shorting is the main
Hey traders, I think crude oil is about to reach a short position, what do you think?
From the 4-hour chart, the pressure of crude oil is around 77-77.2. If it does not break through 77.3, then the strategy can be shorted around 77-77.3. The target is first around 75.5, and after it breaks, look around 74.
If it reaches near 74 to form a support, then backhand to do more.
If you agree with my point of view, welcome to pay attention
BLACKBULL:USOIL.F FX:USOILSPOT TVC:USOIL
The daily chart and the 200 day MA The daily chart and the 200 day MA are known to provide a really good trading opportunity – not always but frequently. When price has spent some time below or above the MA and it crosses over to the other side, you should be watching this. If price retests the MA and gets rejected, you may have an opportunity to catch a multi-day runner.
In the USDTHB chart here, you can see that price has crossed over above the 200dma. It is starting to pull back towards it now and possibly will stall either at the major support at 35.20 or the MA. If we get a clear sign of being rejected and a bullish candle prints above the MA, it is a good sign to take a long. If such PA develops, you could be in for massive profits IF you stay patient and committed.
Also, check out AUDUSD for a similar setup.
Once again, we are only watching and trading this on the daily chart.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
Predict SELLING eur/jpy before tonight's CPIEUR/JPY remains up slightly as it consolidates the previous day's declines around 148.380 early on Wednesday. In doing so, the cross shows a bullish pennant chart pattern in the hourly shadow chart. , giving the recent confirmation score.
It should be noted, however, that the MACD line and the Relative Strength Index (RSI) (14) are slow to challenge the quote's upside momentum, alongside the immediate barrier at 148.40
Even if EUR/JPY buyers confirm a bullish pennant breakout, the 50 SMA around 147,500 could act as an additional hurdle before directing the pair towards its theoretical target near 148,000.
Conversely, a breakdown of the aforementioned pennant support line, near 147.500, could challenge the bullish histogram and possibly direct the pair towards the support of the line. SMA 200 near 146.400.
GBP/USD: 15/05: Bears counterattack, nice entry point for sell.OANDA:GBPUSD GBP/USD is building strength to recover from near the 1.2455 support as the US Dollar Index (DXY) has posted downside momentum after seeing a high of 102.70 early in the European session . It is expected that Cable will strengthen its force after breaking through the immediate resistance of 1.2485.
GBP/USD has slipped below the Rising Channel chart pattern formed on the four-hour scale. Cable is on a make or break, so absolute volatility is widely anticipated. The 20-period exponential moving average (EMA) at 1.2520 has acted as a major hurdle for the British Pound bulls.
The Relative Strength Index (RSI) (14) is hovering in a bearish 20.00-40.00 range, suggesting more weakness to come.
BTC long run outlook everything has been confirmed using MA200 plus adding a reversal trend following mid-May 2023 to 2024 onward. correction point would be expected to be around 24800 price point with confirming accumulation breaking trend upward of 31300 point, but a rejection point seems to be expected here minor shorts may be happened due to heavy buying and selling. overall if breaks reversal shorts to longs could confirm the long run from 31300 points to its ATHs zone.
