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analyst75
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CARDANO PRICE: $1.11 SUPPORT LEVEL MAY HOLD, PRICE INCREASE ENVISAGED ADA Price Analysis – December 18 An increase in the bears’ pressure may push the price to the support level of $0.98, below it is $0.82 level. Inability to break down the $1.11 by the bears may lead to price reversal and it may increase the price to resistance levels at $1.32, $1.46 and $2.64. ADA/USD Market Key Levels: Resistance levels: $1.32, $1.46, $1.64 Support levels: $1.11, $0.98, $0.82 ADA/USD Long-term Trend: Bearish Cardano is bearish on daily chart. The bears dominate Cardano market since September. The bearish momentum decrease the price to $1.87 price level on October 27. The decrease was interrupted with the formation of bullish engulfing candle which indicate the buyers’ pressure. Cardano price pulled back to $2.3 level. Bearish movement was restored the following day and the price falls to $1.11. ADAUSD daily chart, December 14 Cardano is trading below the 9 periods EMA and 21 periods EMA after broken down the dynamic support levels. An increase in the bears’ pressure may push the price to the support level of $0.98, below it is $0.82 level. Inability to break down the $1.11 by the bears may lead to price reversal and it may increase the price to resistance levels at $1.32, $1.46 and $2.64. The technical indicator relative Strength Index period 14 is at 30 levels with the signal line pointing downside which indicates a bearish signal. ADA/USD Medium-term Trend: Bearish Cardano is on the bearish movement on 4-hour chart. Last week, Cardano was under the control of the bears. The bearish momentum pushes the price down to the support level at $1.32. The level was defended by the bulls with the formation of bullish engulfing candle. The price pulled back and increases toward the resistance level of $1.46. The price is trading below the 9 periods EMA and 21 periods EMA while the two EMAs are crossing each other. The relative strength index period 14 is at 40 levels and the signal line pointing up to indicate buy signal which may be a pullback. Source: https://learn2.trade
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There is one more new factor that is using up crypto. I found three different credit cards that earn crypto rewards. Notice that these are all sponsored by crypto exchanges and not by the big banks. BlockFi Credit card gives you 3.5% crypto rewards on everything you purchase in the first three months, then 1.5% per transaction, and 2% if you spend $50,000 in a year. Gemini gives you 3% on dining, 2% on groceries, and 1% on other purchases. Venmo gives you 3% back on your top spending category, 2% on the next best category, and 1% on everything else. And, you can convert this money automatically into either BTC, BCH, LTC, or ETH. Why would you want cash rewards when you can get BTC (or other crypto rewards)? And what is the impact of this if it becomes more widespread? The average person earns about $550 in credit card rewards each year. What if most people switch to cards giving crypto rewards? – Van Tharp Profits from games of knowledge: https://www.predictmag.com/
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SILVER (XAGUSD) TO REINFORCE RECENT BOUNCE FROM $22.03 LOWS Silver (XAGUSD) Price Analysis – December 9 Silver (XAGUSD) remains under pressure, having pared a corrective drop from a multiday low on Friday. After the drop to $22.03 lows, the white metal might reinforce the recent bounce towards the $23.00 level. As risk flows dominate the financial markets, the white metal continues to attract buyers. Key Levels Resistance Levels: $24.00, $23.50, $23.00 Support Levels: $22.03, $21.42, $21.00 XAGUSD Long term Trend: Bearish On XAGUSD daily chart, a significant price rise has been verified, which usually results in the preceding positive advance being accelerated. As a result, it’s characterized as a bullish reversal trend. To confirm the upward rebound, a daily close above the flag’s high end, now at $22.59, is necessary. This might lead to a price of $23.50 (target according to the moving average 13). Silver, on the other hand, may meet resistance at levels $23.00 and $24.82 (high of Oct 21). XAGUSD Short term Trend: Bearish Silver (XAGUSD) has rebounded further from a technical perspective, as demonstrated on the 4-hour chart. It has now recovered to levels above both the 5 and 13 moving averages. The nearest resistance is at $23.02, while the first and second support levels are predicted to be around $22.10 and $21.42, respectively. The XAGUSD’s rally may continue with the intraday bias pointing to the $23.02 barrier. A break there will confirm the corrective pullback from the $25.40 level is over. On the upside, a break above the $23.50 minor barrier will trigger a positive intraday bias. In the event of a pullback, however, the risk will remain on the negative as long as the $23.02 resistance level holds. Source: https://learn2.trade
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GOLD (XAUUSD) IS IN DOWNTREND AS SELLERS THREATEN TO SHORT Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: Bearish Gold (XAUUSD) is in a downward move. On November 16, XAUUSD rallied to $1,877 high. Buyers could not sustain the bullish momentum as the market reached the overbought region. Gold was rejected from the recent high as the market declined sharply to the low of level 1782. Presently, the Gold price is above the 50-day line SMA but below the 21-day SMA. If the 50-day line support holds, Gold will be range-bound between the moving averages. XAUUSD – Daily Chart Daily Chart Indicators Reading: Gold is at level 42 of the Relative Strength Index for period 14. XAUUSD is now in the downtrend zone and below the centerline 50. Gold price is between the moving averages which will result in a range-bound move above the current support. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend. Gold (XAUUSD) Medium-term bias: Bearish On the 4 hour chart, the Gold price is in a downward move. The downtrend has reached bearish exhaustion. Meanwhile, on November 16 uptrend; a retraced candle body tested the 38.2 % Fibonacci retracement level. The retracement indicates that Gold will fall to level 2.618 Fibonacci extension or $1,802.08. From the price action, the market declined to level 1778 and resumed consolidation. XAUUSD – 4 Hour Chart 4-hour Chart Indicators Reading Gold is above the 40% range of the daily stochastic. The market is in bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. General Outlook for Gold (XAUUSD) Gold’s (XAUUSD) is in a downward move. For the past week, the Gold price has been consolidating above level 1778. The downtrend has reached bearish exhaustion as price holds above the previous low. Source: https://learn2.trade
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USDJPY PRICE OUTFLOW IS DRAWN BY SELLERS BACK TO 114.840 USDJPY Price Analysis – November 25 USDJPY price outflow is being held back as a consequence of bears causing opposition to the market influence. The price structure of the market strives to maintain an uptrend configuration under a bullish influence. However, the sellers are causing some resistance in the market, which is causing a hold in the market configuration. Because of this conflict in the market, the outflow of the bulls in the market will be held back to the 114.840 critical level. USDJPY Critical Levels Resistance Levels: 114.840, 112.790 Support Levels: 110.800, 109.100 USDJPY Long Term Trend: Bullish The bullish outflow price structure initially began with the expansive breadth of consolidation. The market was birthed after a strong price expansion before the bullish uprise. The price undulated between the breadth of the 110.800 and 109.100 significant price levels. As a result of this accumulation, the price was then pushed out to higher levels. With the continuation of the market expansion, buyers outflow upward, with the bulls taking hold of the market. Furthermore, price continues to experience more outflows as several structural levels were broken. When USDJPY eventually gets to the 112.790 level, the price resumes its accumulation phase. The market encountered a short phase of expansion before resuming bullish persistence. The price finally breaks through the 114.840 significant level and we expect a withdrawal back to this price level before bullish engagement. The Tensile Strength indicator shows the resilience of the market influence as the market is set to resume its bullish leverage after sellers retreat. USDJPY Short Term Trend: Bearish The 4-hour chart of USDJPY shows the price configuration riding upward following a strong force that broke through the 114.840 critical level. The price is now set in a retreat motion as the price is seen to be pulling away to the 114.840 price level. The Moving Average Convergence and Divergence indicator shows the market’s prevalent direction as the price is set on a pullback course to the 114.840 critical level before bullish outflow. Source: https://learn2.trade
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EURJPY DEPRECIATES TO LOWS NEAR 128.00 FOLLOWING COVID RESURGENCE EURJPY Price Analysis – November 26 EURJPY pair fell for the third session in a row on Friday, depreciating to the area of recent lows in the 128.00 range. As the new strain of COVID weighs heavily on investors’ sentiment, strong buying interest in the Japanese yen puts EURJPY under added pressure in the sub-129.00 levels. Key Levels Resistance Levels: 130.50, 130.00, 129.61 Support Levels: 127.00, 126.50, 126.00 EURJPY Long term Trend: Ranging On Friday, the EURJPY opened higher at 129.31 and moved lower to 127.79 intraday lows losing almost 1%. The pair plunged, as bears emerged and traders focused on levels below 128.00. To investigate the bearish scenario, a decisive fall below 128.00 must be established. The pair may continue to fall into the next session, with bearish traders targeting the 127.00 area as a possible objective. As long as the 128.00 support level holds and the price is sustained above, more gains may be expected. A strong breakout of 128.50, on the other hand, would confirm that the rebound from 127.79 low has come to stay, bringing this low back into focus as a new bottom. EURJPY Short term Trend: Bearish The EURJPY is still trading bearishly from its October high of 133.47 on the 4-hour charts, and the intraday bias is still to the downside. If the resistance at 128.50 holds, a further drop is likely. A decisive rebound past 128.50, on the other hand, will consolidate on the entire rebound from 127.79 low level. The mid-term support turned resistance level of 130.00 will be the next level of contention. A break of revised support around the 128.00, on the other hand, might reverse the rebound and broaden the down leg from 130.00 with a new phase of the drop towards the mid 127.00 in the coming session. Source: https://learn2.trade
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EURUSD HOVERS NEAR MULTI-MONTH LOW, UNDER 1.1250 LEVEL EURUSD Price Analysis – November 24 Throughout the session, the EURUSD pair remained on the losing side and was last seen moving with considerable losses around the 1.1250-36 level. The announcement that the White House has opted to reappoint incumbent Fed Chair Jerome Powell for a second term sparked the recent strong dip. The spot is trading at 1.1253 at the time of writing, down 0.25 percent on the day. Key Levels Resistance Levels: 1.1525, 1.1422, 1.1300 Support Levels: 1.1200, 1. 1150, 1.1100 EURUSD Long term Trend: Bearish EURUSD has sunk to fresh multi-day lows, as seen on the daily chart, after extending the recent breach beneath the moving averages 5 around the 1.1300 level. This exposes the possibility of a deeper pullback and a re-test of the psychological support around 1.1200. Under the 1.1200 level, the euro’s underlying bullish attitude is in jeopardy. Overall, the EURUSD stays bearish while trading under the major horizontal support turned resistance and significant level at 1.1422. A breakout of the 1.1300 level, on the other hand, would aim for the 1.1350 level on the way to the 1.1400 zones. The fall of the 1.1200 zones, in the alternative scenario, is viewed as a bearish continuation indicator. EURUSD Short term Trend: Bearish The risk is weighted to the negative on the 4-hour chart, as the pair is developing below the firmly bearish 5 and 13 moving averages. Technical indicators have shifted to the downside, with negative levels. However, in the present scenario, the RSI has not yet reached oversold territory, allowing for more selling. On the upside, a break over the modest resistance level of 1.1300 might shift the intraday bias to neutral. On the downside, the 1.1200 zones provide initial support. The next important level of support is around the 1.1150 mark. If there are any more losses, the 1.1100 extension level of the low decline may be tested. Source: https://learn2.trade
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IS IT RATIONAL TO SETTLE FOR 10% RETURNS PER MONTH? “One of the secrets few know and fewer implement when it comes to trading success is that you have to really care about doing well. These days, I see a lot of traders not caring enough, not prioritizing learning about trading, and making pathetic weak-willed excuses.” – Chris T. Perfectionism – a bane of the trading world When people look for a solution to their trading problems, they tend to look for the solution in the wrong places, having the wrong mindset. One problem with most traders is perfectionism. For instance, we tend to go to those who promise us 50% to 100% per week or month. If someone gives an estimate of 5% profits per month, we would think that is too small. If an investment salesperson promises huge returns in a short period of time, we’re drawn to them. What if I tell you that 5% per month is good returns on your trading or investment, would you agree with me? Is 60% growth per annum not good enough? Many years ago, one of my mentors in the financial industry told me that, even 20% growth per annum is good. In schools, we tend to ridicule those who make average grades and praise those who make excellent grades. The same is true of the world of sports. Do you think great sports teams win all their matches always? No! But they do well over time. Are 10% gains per month too low? Now let me ask these questions: How much percentage do you earn on your savings account per annum? How much do you earn on your fixed deposit account per month? How many people can pay off their mortgages within one year? If you buy a bus, to use for commercial purposes, is it easy for you to recover your money in one year? Can you buy a property and sell it for 100% profit within 10 months? If you found a startup, how long do you think it would take you to start making profits? Please attempt to answer these questions yourself, based on real-life experiences. Now, back to the question that makes the last subheading: Are 10% gains per month too low? Why do we tend to be unrealistic and fallacious when it comes to online trading? Making 10% returns per month from Learn2.trade crypto signals One good thing about the margin trading of cryptos is that you can make money, both in bull and bear markets. You don’t make money only when the price is going up. If your timing and methodology are right, you can predict a downward movement or an upward movement and participate in them. Learn2.trade provides quality crypto signals to interested traders. Each signal comes with stop loss and take profit targets. Sometimes a trade is closed before the stop or the target is hit. We use 5 types of orders for the crypto signals. They are Instant Execution, also known as Market Execution, Buy Limit, Sell Limit, Buy Stop, and Sell Stop. Generating an average of 2 – 3 signals per day, we also use risk settings that are usually around 1% per trade and we attempt to gain more than we risk. As these signals are sent, we ensure that we also use them, practicing what we preach. Learn2.trade crypto signals – recent performances Please check the image below to peruse what has been made recently. You see can that we use stop loss, and use small lot sizes, relative to the size of the accounts. It just doesn’t make sense to bet too big on an individual trade. You can also see that we have both losses and profits. However, our average profits are bigger than average losses. That is the pedigree of a viable/ promising strategy: Make more money than you lose. Therefore, losses and drawdowns are also tightly controlled so that they don’t have significant effects on the account. These kinds of drawdowns are shallow, for recovery and eventual growth always happen. The markets are difficult but profitable Making consistent, regular profits from the market is hard, but success is possible. When the markets prove difficult, then we only need creative approaches. Markets will continue to prove uneasy and tough, but we will continue to make profits from them, no matter what. We target 10% profits per month, though we make more than this in most cases. 100% profits every 10 months is an enviable achievement. If 10% gains per month are compounded, the results in a few to several years will be amazing. Yes, you should be aware of the power of compounding. Join us today, in this journey of regular, monthly profits. Please see the image above, to know relevant metrics and figures of the recent results of the strategy behind the signals. You can join us here for, few free crypto signals per week: For Cryptos. Or you can hop in, and become our VIP right away, and enjoy all our crypto signals, up to 3 signals per day. Get access to the ability to make 10% or more per month. You can monitor our crypto signals trading performances here: L2T Crypto Signals on MyFxbook Source: https://learn2.trade
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An angry trader sent me this message: “I will make $10,000.00 with just $50 tonight. I will start by 12 midnight to trade till target is met. Enough is enough. If this MT4 broker (name withheld) like, they can employ all their witches by that time . . . They can't stop me.” NB: Later that day, he posted this message: “Entry into the market has been completed. Let's see how the trades develop! Learn the easiest and the safest forex trading methods. Yes EURUSD is my baby and Forex is my ATM machine. God is good.” NB: I didn’t hear from him for many hours, I sent a message to him to know how far. He later responded: “I was punished today! Today the Market Maker is the winner! Forex trading is a tough job. -$354 in total negativity. My enemy has finished me! “Been a long time I ventured into GBPCHF. Plenty of red losses. Back to Gold...” NB: What kind of trader is this? What kind of mindset is this? Profits from games of knowledge: https://www.predictmag.com/
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SOLANA (SOL) PRICE ANALYSIS: SOL/USD FINDS SUPPORT ABOVE $225 RESUMES UPTREN Highlights Solana retraces to $236 low SOL/USD rallies to $260 high Solana (SOL) Current Statistics The current price: $236.86 Market Capitalization: $121,293,789,737 Trading Volume: $2,391,079,319 Major supply zones: $280, $300, $320 Major demand zones: $160, $140, $120 Solana (SOL) Price Analysis November 15, 2021 Solana’s (SOL) price has been trading above the moving averages. The market is retracing to the support above the 21-day SMA. The uptrend will resume if the price finds support above 21-day SMA. Meanwhile, on October 25 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Solana will rise to level 2.0 Fibonacci extension or $287.92. SOL/USD – Daily Chart Solana (SOL) Technical Indicators Reading Solana is at level 60 of the Relative Strength index period 14.SOL is in the bullish trend zone and capable of a further upward move. Solana is below the 20% range of the daily stochastic. The market has fallen to the oversold region. Conclusion On the 30- Mins chart, Solana has been in a downward move. The cryptocurrency has fallen to the oversold region. Meanwhile, on November 15 downtrend; a retraced candle body tested the 6.8% Fibonacci retracement level. The retracement indicates that Solana will fall to level 1.618 Fibonacci extensions or $233.74. Source: https://learn2.trade
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WILL SHIBA INU (SHIB) EVER REACH 1 CENT OR EVEN $1? Azeez Mustapha 12 November 2021 | Updated: 12 November 2021 It’s a Doge-Eat-Doge World Out There Shiba Inu is the latest meme coin. Its holders are promising it will make you an overnight millionaire. And they have proof to back up their claims. In August, a Shiba holder spent $3,400 on the meme coin. Now it’s worth $1.5 billion. Impressed yet? If not, consider another dog coin baron. This one bought $8,000 worth in August. It’s now worth $5.7 billion. For those counting, that’s $8,000 to $5.7 billion in about 400 days. Some are calling it the “greatest trade ever.” Not quite. Shiba has leapfrogged dogecoin to become the ninth-most valuable crypto in the world. Obviously, that’s not a buy signal. So why is Shiba pumping? Well, apart from the fact that the majority almost always buy green and sell red… The “Dogecoin Killer” Crypto whales use meme coins as a gauge of how much new — and unsophisticated — money is moving into the crypto markets. And then they do everything they can to take that money from them. (Anecdotal, but almost everyone I’ve talked to who’s recently gotten into crypto started with a dog coin.) This morning, for kicks, I asked crypto whale watcher Justin Gupta of CryptoDash.live what he thought about Shiba. “Cryptocurrencies are volatile as is,” said Justin. “But when they are not well distributed, and only a few control a large portion of the tokens, they become even more so. This is because these few individuals can move the market at their whim.” In the case of Shiba, Justin explained, nearly 1/5th of the supply is controlled by two accounts: “Meaning at any given moment, if these accounts decide to dump, they could trigger a massive panic sell-off and crash the asset.” One fifth of Shiba is held by 2 accounts One fifth of Shiba is held by 2 accounts Compare that to Dogecoin, where the top two accounts hold 10% of total circulating supply. But, in the end… It Doesn’t Matter The reality of the current crypto market is that virtually nobody cares about the technology or tokenomics. Consider, months ago Shiba pumped 300% after Elon Musk tweeted he would be getting a Shiba Inu dog. And to the untrained eye, Shiba seems cheap. It’s currently sitting at $0.00007253. But, the market cap is $40 billion, bigger than Robinhood. Bigger than Sysco Corp., the largest food distribution company in America. (And its circulating supply is around 550 trillion.) If you’re buying into Shiba today it’s because you’re convinced it’s going to 1 cent. Maybe even $1. I’ll tell you right now. It’s not going to happen. Yes, this points to new money coming into this space. But there are clearly other things driving this mania. Sometimes these things are best expressed with memes: Richard Burton, a designer for DeFi projects, brought up an important point that gets far less attention than the money printers: barriers to entry in traditional finance. Shiba Inu, he wrote, “is what happens when you stop generations of Americans from investing in startups with Accredited Investor Laws designed to ‘protect people.'” Perhaps lower barriers to entry mean we create more informed investors. Or… as in the case with all meme coins and stocks… perhaps not. NB: Shiba Inu is not the next bitcoin. More likely, it’ll be where most newbies get fleeced. If you’re looking for solid advice on the projects worthy of your hard-earned money, look no further. Source: https://learn2.trade/will-shiba-inu-shib-ever-reach-1-cent-or-even-1
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GOLD (XAUUSD) SHOWS STABILITY IN PRICE, RESUMES UPTREND Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Ranging Gold (XAUUSD) has continued to be in a range-bound move. Since May, the Gold price has been fluctuating between levels $1,725 and $1,820.The market is yet to trend. The sideways move has made the Gold price to be relatively stable. The $1,720 support has been tested twice as bears fail to breach the support level. Similarly, the bulls have retested the $1,820 high but were repelled. A break above the $1,820 high will catapult Gold to the high of $1,900. XAUUSD – Daily Chart Daily Chart Indicators Reading: The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend. Gold is at level 54 of the Relative Strength Index period 14. The crypto’s price is above the moving averages which indicate a possible rise in Gold. Gold (XAUUSD) Medium-term bias: Bullish On the 4 hour chart, the Gold price is in an upward move as price breaks above the moving averages. The upward move is facing rejection at the $1,800 resistance zone. Meanwhile, on November 4 uptrend; a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $1,806.21. XAUUSD – 2 Hour Chart 4-hour Chart Indicators Reading Gold is above the 80% range of the daily stochastic. Gold price is in the overbought region of the market. The market is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. General Outlook for Gold (XAUUSD) Gold’s (XAUUSD) price is resuming an upward move on the upside. Gold is rising to retest the $1,800 resistance level. Source: https://learn2.trade
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SILVER (XAG) DAILY CLOSE ABOVE $24 HANDLE PAVES THE WAY Source: https://learn2.trade Silver (XAG) Price Analysis – November 7 The price of spot Silver (XAG) has risen significantly in recent trade having breached the $24.00 handle for now. The precious metal buyers look to conquer further barriers and pave the way for an upward move towards the $24.50 level. A continued decline in global and US yields would be required for such a move higher. Key Levels Resistance Levels: $25.50, $25.00, $24.50 Support Levels: $23.50, $23.00, $22.10 XAGUSD Long term Trend: Ranging Silver (XAG) has demonstrated a positive breakthrough beyond the $24.00 resistance level on the daily chart from a technical standpoint. The nearest resistance is likely to be at $24.50, while the first and second support levels are expected to be at $23.50 and $23.02, respectively. Since the end of October, silver has been climbing in a rising pattern versus the US dollar. Meanwhile, throughout the next session, the rate may find support from the rising trendline support around the $23.50 range. As a result, the price of silver may continue to rise in the present and next session. XAGUSD Short term Trend: Ranging On the 4-hour time frame, bulls are currently supporting an optimistic relative strength index trend to hit $24.50 in a second attempt to surpass upward. However, the commodity’s future gain may be hampered by the barrier zones around $24.82 and $25.00. During the metal’s decline, the $23.50 level is the important support to consider ahead of the psychological horizontal support level near $23.00. If the price falls below $23.00, the $22.10 support level may come into focus, as a negative breach of the level might encourage the bears. Source: https://learn2.trade
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Why cryptos investors need to stay away from www.coindirect.com Number one: Their customer support is awful. If you have any problems with their services or issues on their platform, and you send them messages. They won’t reply you. Number two They charge inactivity fees. The best way to make money from cryptos is to buy and hold forever, but these people will begin to charge inactivity fees until all your gains and capital all gone. When you exchange one crypto to another or you trade, they won’t charge you because you pay fees for those activities anyway... However, when you decide to just hold, you pay with all your funds. They begin to charge you gradually and until there is nothing left in your investment again. Binance and Bitrex and other popular cryptos exchanges do not do this. Nothing will ever happen to your funds unless you want to cash out or trade. Profits from games of knowledge: https://www.predictmag.com/
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SHIBA INU COMES UNDER INTENSE SELL PRESSURE AS THIRD-LARGEST SHIB WHALE MOVES HOLDINGS The Shiba Inu (SHIB) ownership concentration came under scrutiny as the meme coin continued to slide from its recent highs. According to reports, of the 872,382 wallets that hold SHIB, only ten control 72% of the total supply. Experts have expressed their concerns with this situation and that despite the abundance of transparency in the crypto industry, it is almost impossible to link wallets to their owners. They also worry that this anonymity leaves market participants unaware of whale concentration and activities that influence prices. Shiba Inu attracted a significant level of buzz after it flipped Dogecoin to become the ninth-largest cryptocurrency by market valuation last week. That said, all eyes are on the SHIB whale that controls over 13% of the circulating supply of the meme coin. Meanwhile, whale wallet concentration has triggered worry over possible liquidity issues amid the growing sell pressure on SHIB at the moment. At press time, the eleventh-largest cryptocurrency has dropped by over 10% in the last 24 hours and 29% in seven days. While no token sale has occurred yet from the earlier mentioned whale wallet, this address has moved about 10 trillion SHIB to four newly-created addresses, sparking liquidation fears. Interestingly, transaction activity on the SHIB network recorded an exponential increase, momentarily exceeding other top networks like Ethereum (ETH) and Solana (SOL). This increase in activity stems from the selling pressure on the SHIB network, as holders dump their tokens to realize profits from the recent rally. Key Shiba Inu Levels to Watch — November 5 As mentioned earlier, Shiba Inu is in a dramatic bearish spiral as traders book profits. The meme currency bottomed at $0.00004312 yesterday before jumping near the $0.00005500 resistance. This jump failed to yield the desired results for SHIB holders as the cryptocurrency dropped again to $0.00004500. SHIBUSD – 4-Hour Chart However, the eleventh-largest cryptocurrency has rebounded again near the $0.00005500 resistance as bulls attempt to reclaim that level and push the price higher. That said, the critical level for bulls at the moment is the $0.00006000 psychological, where my descending trendline from the recent ATH resides. Meanwhile, my resistance levels are $0.00005500, $0.00006000, and $0.00006500, and my key support levels are $0.00005000, $0.00004500, and $0.00004200. Total Market Capitalization: $2.72 trillion Shiba Inu Market Capitalization: $27.4 billion Shiba Inu Dominance: 1% Market Rank: #11 Source: https://learn2.trade
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DOGECOIN (DOGE) DECLINES ON THE DOWNSIDE, REVISITS BREAKOUT LEVEL AT $0.23 DOGE/USD Long-term Trend: Bullish Since October 29, Dogecoin’s (DOGE) price has been in a downward move. On October 28, the cryptocurrency was in a vertical rally as it reached the high of $0.34. DOGE price was resisted as the altcoin tested the previous resistance zone at $0.34. The market has declined to $0.26 low or above the 21-day SMA. Dogecoin will further decline on the downside if these levels are breached. On the other hand, if the 21-day SMA holds, buyers will recoup above the current support and resume a new uptrend. DOGE/USD – Daily Chart Daily Chart Indicators Reading: DOGE price has fallen to level 52 of the Relative Strength Index period 14. Despite the retracement, the altcoin is trading in the bullish trend and it is above the centerline 50. The crypto’s price is above the moving averages and it is retesting the 21-day SMA support. The selling pressure will resume if price breaks below the moving averages. DOGE/USD Medium-term bias: Bearish On the 4 hour chart, the DOGE price is in a downward move. It has broken below the moving averages. There is a likelihood of price reaching the previous low. Meanwhile, on October 28 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 2.0 Fibonacci extension or level $0.23. DOGE/USD – 4 Hour Chart 4-hour Chart Indicators Reading The market has fallen below the 20% range of the daily stochastic. Dogecoin has fallen to the oversold region of the market. The implication is that the current downtrend has reached bearish exhaustion. The market is likely to resume an upward move. The crypto’s price is below the moving averages. General Outlook for Dogecoin Dogecoin is in a downward move. The cryptocurrency is likely to revisit the previous breakout of $0.23. This has been confirmed by level 2.0 Fibonacci extension or level $0.23. Source: https://learn2.trade
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USDJPY LOOKING FORWARD TO A BULLISH RIDE AFTER ACCUMULATION USDJPY Analysis – Price Is Looking Forward to a Bullish Ride at the 113.400 Significant Level USDJPY is looking forward to a bullish ride after several accumulations at a significant price level of 113.400. Market accumulation proceeded due to price action seeking to give both the buyers and sellers their positions in the market. Furthermore, as the buyers are always looking forward to pushing the price upward, the bears try to hold positions by accumulating at a significant price level before distribution occurs. USDJPY Price Levels Resistance Key Level: 113.409, 112.200 Support Key Level: 110.800, 109.100 USDJPY Long Term Trend: Bullish As a result of the price increase, the USDJPY is projected to sustain its bullish ride. After a period of price accumulation between the significant price levels of 110.800 and 109.100, the market bulls took control. However, the more the accumulation, the more the market will finally allocate in a particular manner. After a protracted period of consolidation, the price was finally dispersed, and the bulls took control. The buyers then ride for a little longer, breaking over the significant price mark of 110.800, which they then retested before continuing. The USDJPY gathered steam and eventually broke past the 113.400 significant price mark. This level, however, has been retested, and the price is thought to be accumulating at this extremely important level. As the momentum builds, pricing is expected to take a stronger positive turn. The Momentum indicator shows price movement diminishing, which indicates the price movement accumulation level. USDJPY Long Term Trend: Bullish On the 4-hour chart, the market has gained enough momentum to rally the price upward. However, above the 113.400 price level, the bulls and the bears are still holding on to their positions. The price is expected to move above this accumulation phase and bounce up. The Parabolic SAR (Stop and Reverse) shows price movement in range as both bulls and bears are holding their positions. USDJPY is therefore looking forward to a bullish ride when the momentum increases. Source: https://learn2.trade
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AUDUSD RISES PAST 0.7550 DESPITE RISING US T-BOND YIELDS AUDUSD Price Analysis – October 28 The AUDUSD trades higher at 0.7554 at the time of writing, up 0.50 percent during the American session. In the near term, the pair could drop lower but it remains a buy on dips. The US Dollar Index, which gauges the performance of the greenback, falls 0.6 percent to 93.30, despite rising US T-bond yields, with the 10-year benchmark note climbing three basis points to 1.561 percent. Key Levels Resistance Levels: 0.7800, 0.7700, 0.7600 Support Levels: 0.7450, 0.7350, 0.7220 AUDUSD Long term Trend: Ranging On the daily AUDUSD chart, we can see that the moving averages of 5 and 13 are beneath the price, which provides support. Bulls are also keeping an eye on the latest 0.7555-level high for a possible upward breakout. In terms of technical analysis, a simple split beyond favors bulls continuing north. Relative Strength Index circumstances, on the other hand, may pose a challenge to the bulls after that due to overbought conditions. On the downside, the pair’s losses below 0.7478 may recall sellers targeting 0.7450 support convergence as of mid-July, which included moving averages 5 and 13 with horizontal support. AUDUSD Short term Trend: Bullish On the 4-hour chart of the AUDUSD, the upside rally continues, and the intraday bias is initially bullish. A breach of the 0.7478 support level could imply short-term topping, given the situation of bearish divergence in the short term RSI and price. To resolve the full 0.7170 level increase pattern, the intraday bias for the 0.7450 support level will be returned to the downside in this scenario. However, if the resistance level of 0.7550 is sustained, the growth could accelerate to 0.7600. Source: https://learn2.trade
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Meet a maverick on Blockster Blockster is a cryptocurrency social platform. Blockster connects everyone within the blockchain industry into one place—all the cryptocurrencies, the teams behind the projects, as well as, the traders and investors. Communicate and network with the very core of the blockchain industry, and stay ahead of the market trends via Blockster. Get insightful posts, reviews, breaking news, interesting comments, and latest updates from the world of cryptos, from Azeez Mustapha: https://blockster.com/AzeezMustapha46102
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GOLD (XAUUSD) REBOUNDS ABOVE $1,757 SUPPORT, RESUMES UPTREND Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Ranging On October 13, the Gold (XAUUSD) price broke above the moving averages and retested the 50-day SMA. This is an indication that the market is likely to rise on the upside. The uptrend is likely to resume on the upside after retesting the 50-day SMA. The market will rise to retest the $1,820 overhead resistance. XAUUSD will have an accelerated price movement if the resistance is breached. Gold price will retest the previous high of $1,920. On the other hand, the range-bound move will continue if Gold faces rejection at $1,820 resistance. XAUUSD – Daily Chart Daily Chart Indicators Reading: The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend. Gold is at level 53 of the Relative Strength Index period 14. Gold is in the uptrend zone and above the centerline 50. Gold is capable of rising on the upside. Gold (XAUUSD) Medium-term bias: Bullish On the 4 hour chart, the Gold price rebounded above $1,757 support and rallied to the high of $1,800. The market has reached the overbought region of the market. Sellers have emerged to push prices down. Meanwhile, on October 13 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Gold will rise to level 1.618 Fibonacci extension or $1,818.70 . XAUUSD – 4 Hour Chart 4-hour Chart Indicators Reading Gold is below the 80% range of the daily stochastic. It is in a bearish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. General Outlook for Gold (XAUUSD) Gold’s (XAUUSD) price has resumed an uptrend after breaking above the moving averages. The current uptrend is likely to reach a high of $1,820.Gold may face another rejection at the $1,820 resistance. Source: https://learn2.trade
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XAGUSD Price Analysis – October 19 Silver (XAG) positive fortunes faded around the $23.50 mark, with the price erasing its most recent thrilling bounce above the moving average of 13. During the Monday session, the commodity rose slightly and was last seen lingering near day highs in the $23.22 -$23.40 range. Key Levels Resistance Levels: $24.50, $24.00, $23.50 Support Levels: $22.87, $22.10, $21. 42 XAGUSD Long term Trend: Ranging Today, the white metal has struggled and it’s unable to break above the top range of the surge around $23.50, it is currently trading in the red at $23.22 per ounce. Beyond the $23.50 mark, the bulls may regain a stronger grasp. The XAGUSD pair is held by the rebound trend and the trend may remain in a recovery mode. A closing above today’s upper range, currently at $23.45, might signal a low rebound from the $21.42 level continuation of the rally that began in late September, paving the way for a break beyond the $23.50 barrier. XAGUSD Short term Trend: Ranging Silver (XAG) has a greater range on the 4-hour time frame from late September lows at a level of $21.42, suggesting potential upside. As a result, the metal continues to climb. It has already broken through the previous high of $23.00, signaling that the next upward phase is underway. The pair is expected to find support at $22.87, and a break of that level might take it to the next level of $22.10 support. The pair is expected to hit its initial critical resistance around $23.50, with a break taking it to the next level of resistance at $24.00. Source: https://learn2.trade
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MASTER TRADER JOE ROSS PASSES ON Dear Traders, We are sad to inform you of the passing of Master Trader Joe Ross on the morning of Tuesday, September 7, 2021 at the age of 87. He went peacefully doing what he loved, by taking care of Loretta, his wife of 62 years of marriage and teaching his students from every continent how to trade. Joe has always been a free spirit and loved the trading world being his own boss. He quickly learned that teaching others was his true passion. The joy of educating those about a system in which he had true confidence and to see others come into their own. That was his greatest pleasure. He was proud to be a devoted Christian and combined spirituality with trading. Our condolences to our traders and students for the loss of a mentor and close friend, some would even go as far as saying a “father-figure” and he wore that title proudly. Master Trader Joe Ross’ passing came upon us unexpectedly and suddenly. Again, we would like to send our condolences to those who lost a mentor and a friend. Joe, you will forever be in our hearts. Who is Joe Ross? Joe Ross is the creator of the Ross hook™, and has set new standards for low-risk trading with his concepts of “The Law of Charts™” and the “Traders Trick Entry™.” Joe was a private trader and investor for much of his life, but a serious health situation in the late 80’s caused him to shift his focus, and that is when he decided to share his knowledge. After his recovery, he founded Trading Educators in 1988, to teach aspiring traders how to make profits using his trading approach. Joe Ross has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into many different languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent is huge: As one student, a successful trader, wrote: “Your mastery of teaching is even greater than my mastery of trading.” Joe Ross holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, Virginia. He is listed in “Who’s Who in America.” After 5 decades of trading and investing, Joe Ross still tutors, teaches, writes, and trades regularly. Joe is an active and integral part of Trading Educators. He is the founder and contributor of the company’s newsletter Chart Scan™. “Master Traders Joe Ross was one of the most eclectic traders in the world. And he remains one of the few best mentors I have, alongside, Dr. Van. K. Tharp (may he live long), and one or two others. His teachings and insights into the markets have contributed to making me who I am today. He also talks about the spiritual side of trading, concluding that trading is no sin.” – Azeez M. “The trading world has lost a unique and passionate trader. He explained to me that his material will never go out of date, only the technology. Recently, we updated several of his hardback books into eBooks and he was right. From making trades over the phone to the “pit” then to opening an online account, my how things have changed. But he is correct about his methods, they will continue to apply to the markets regardless of how technolgy advances.” – Martha Ross-Edmunds (Joe’s daughter) Joe Ross’ Trading Philosophy: “Teach our students the truth in trading — teach them how to trade,” and “Give them a way to earn while they learn — realizing that it takes time to develop a successful trader.” IN MEMORIAM: Joe Ross (RIP) Source: https://learn2.trade
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BITCOIN PRICE ANALYSIS: LONG-TERM HOLDERS REMAIN UNSHAKEN BY PRICE ACTIONBITCOIN PRICE ANALYSIS: LONG-TERM HOLDERS REMAIN UNSHAKEN BY PRICE ACTION Azeez Mustapha 14 October 2021 | Updated: 14 October 2021 New reports from Glassnode show that despite the recent price surge in Bitcoin (BTC), long-term holders have shown no intention to liquidate and realize profits yet. The blockchain analytics provider also revealed that the percentage of BTC supply held for at least three months reached 85%, a new all-time high. Citing data from Glassnode, famous Chinese crypto analyst Colin Wu illustrated the recent behavior of Bitcoin holders and their attitude towards the benchmark cryptocurrency. The analyst detailed that the percentage of long-term holders that have not moved their coins in over ten years stands at 12.3%. These tokens are deemed dormant for this reason. The analyst further noted that the percentage of long-term holders that have not transferred their coins between two to three years and three to five years stands at 10% and 12.26%, respectively. Finally, the highest percentage of long-term holders were those who have refused to move their coins between the last six months to twelve months, standing at 19.5%. That said, 85.14% of BTCs have not exchanged hands for at least three months, a new record high. In July, Bitcoin struggled to keep its head above the $30,000 mark. Today, it has almost doubled this number, but investors remain steadfast in holding their coins. Key Bitcoin Levels to Watch — October 14 As predicted in our previous analysis, BTC witnessed a sharp correction to the $55,000 – $54,000 pivot axis from the $57,500 level over the last 48 hours. This correction found immediate support from the $54,000 level, which triggered a rebound to a new five-month high at $58,500 earlier today. BTCUSD – 4-Hour Chart While the price currently rests around $57,500, we expect a bull run to the $59,000 resistance over the coming hours and days. Meanwhile, our resistance levels are at $58,000, $59,000, and $60,000, and our key support levels are at $56,700, $56,000, and $55,000. Total Market Capitalization: $2.40 trillion Bitcoin Market Capitalization: $1.07 trillion Bitcoin Dominance: 44.9% Market Rank: #1 Source: https://learn2.trade
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The trend known as DeFi, or Decentralized Finance, is taking the blockchain world by storm. As you can see from the chart above, the total amount invested (or “locked”) in DeFi is about $7.5 billion, up from just over $1 billion in June. This is either a blockchain breakthrough, or a blockchain bubble. (Turns out, it's both.) This week I went in deep into DeFi. My goal was to see if there’s real value there, and to understand why people have bet $7.5 billion on its future. Is DeFi worth the investment? Read on to find out what I learned. What the DeFi At a high level, DeFi (or Decentralized Finance) is a set of websites and apps where digital assets (like Ethereum) can be used to create new financial products like loans, index funds, and derivatives. That’s a mouthful to explain, so here's a simple example. In a traditional bank, let’s say you want to take out a loan to start out a new business. Applying for this loan will require hours of time and mountains of paperwork. You might have to put up your house as collateral – if you can’t pay back the loan, in other words, the bank can take your house. If you’re approved, the bank gives you the money, then you gradually pay back this loan (with interest). This is what we call traditional or centralized finance – it’s managed by a central institution (a bank), which itself reports to a bigger central instituion -- what we literally call the “Central Bank." With a decentralized loan, this model gets flipped on its head: you're borrowing not from banks, but from other users. You buy digital assets (like Ethereum), then use simple, one-click apps like Compound to take out a loan, using that Ethereum as collateral. Behind the scenes, the app finds lenders -- not banks, but other investors who are earning interest by lending to you. If you can’t pay back the loan – or the price of your original Ethereum drops suddenly – the app will sell your original Ethereum (just as the bank might seize your house). This is one reason DeFi apps are incredibly risky, and you should be prepared to lose 100% of your investment. Read the rest here: https://myemail.constantcontact.com/The--7-5-Billion-Dollar-Blockchain-Investment.html?soid=1130383719242&aid=vXCpzSLRwGg Profits from games of knowledge: https://www.predictmag.com/
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As the cryptocurrency industry continues to grow, it has become increasingly easy to make money either through investing, trading (speculating), mining, or engaging in earning/learning and Airdrop programs—the focus of this article. How Earn-to-Learn Works Many crypto platforms, including two of the biggest cryptocurrency companies, CoinMarketCap and Coinbase, offer earn-to-learn education services where participants get paid to partake in short crypto-based courses. Partaking in this program involves three easy steps: Watch a few short videos Take a quick quiz Earn crypto It is that simple! Understanding Crypto Airdrop Meanwhile, Airdrop Chasing is another quick and easy way to earn rewards from the crypto industry. Most times, project developers airdrop tokens (give out free coins) to interested parties who participate in a few simple tasks to generate buzz for a new project. Some tasks required by these projects include: Following their social media channels Sharing posts on social media Signing up on their platform Completing a form about the project Downloading their app Because participants of airdrops come on board at an early stage of a project, the profit potentials are extraordinary. Many crypto enthusiasts have become overnight millionaires from participating in simple airdrops. After airdropped projects hit exchanges, holders can decide to trade or swap the earned tokens. Commenting on the benefits of airdrops, Chair of CoinDesk, Michael Casey, argued that it is essential to aggressively market a token if it is to succeed, adding that: “A currency is nothing if it is not widely used. And that can’t be achieved unless people make some cost-incurring effort to encourage widespread usage.” Nonetheless, interested parties need to ensure they are not getting scammed, as airdropping has become a popular scamming tool in the crypto space. Some airdrop owners artificially inflate the value of their programs and dump them to make quick profits, leaving participants with close to worthless tokens.