Talaat Mostafa Group Stock, only higher.
For those interested in the Egyptian Stock Exchange market, here's a technical analysis of Talaat Mostafa Group's stock. I recommend placing two buy limit orders and two sell limit orders for quick profits. In the long run, the stock is expected to reach higher levels. The fundamentals also support an upward move due to the inauguration of the new Southeast project next Sunday.
Oscillators
Fetch.AI HTF Fetch.ai soon to be ASI (Artificial super intelligence) after the merger with Singularity (AGIX) and Ocean protocol (OCEAN) has been a victim of the recent altcoin market drawdown. As on of the leading projects in the AI space, FET surged to a high of $3.47, since then price has been retracing back down the range created by the rally previously.
BEARISH: Now back at range low FET finds itself in a key area where the bearish trend can continue, break below range and continue to fall. This would be mostly influenced by a further sell off in BTC as alts are still at the mercy of Bitcoin. Should BTC continue to reject the '21 ATH and 4H 200EMA levels then price will naturally search for buyers with conviction. This chop has already been devastating to the altcoin market without a big flush. So this outcome is not improbable.
BULLISH: On the bullish side we have a very good R;R HTF entry level at range lows, in addition to a fully reset RSI in the oversold area compounded with a very bullish divergence being shown on the High timeframes. All three of these conditions add up to a high probability entry IF BTC behaves. Naturally if BTC decides to sell off then so will altcoins and FET is no exception. However, in this probability game this setup is one of the better LONG setups you could ask for. Couple that with the AI narrative and good fundamentals this looks bullish.
150x Potential on Tokenfi's TOKEN [LONG]Hello Traders,
RWA AKA tokenizing "Real world assets" will be one of the next major breakthroughs in the fintech industry. From the team at FLOKI Coin they've created Tokenfi's TOKEN cryptocurrency which handles all the payments for tokenizing assets on all of the major blockchains. In the last couple of months the team completed thorough updates to bring tokenization of real world assets to every major blockchain. In one regard you can create your own cryptocurrency with a click of a button. As well as NFT projects. You can tokenize just about anything and with thorough and complete updates in the coming releases they are always adding quality over quantity to their code. This project is a first of its kind. People in the fintech industry have been talking about tokenizing real world assets for a couple of years now. The team at FLOKI and Tokenfi are the first to make this a possibility. Just a few months ago it was only for three block chains. Now they have almost every major blockchain. This is a sign of amazing things to come with future updates.
As we look at the PMARP indicator on the daily chart we can see projections almost like the RSI where it is at an oversold time. This is already bringing in big investment money as you can see from the chart. I remember when TOKEN first started and I told you to invest at two cents. It already hit 22 cents from there. It went down to 5.8 cents and then back up to 17 cents. This correlates with Bitcoin. When Bitcoin goes up like it will by the end of the summer or sooner we will see TOKEN go up in a major way. Just take a look at the chart. At every moment when you see it is oversold on the PMARP indicator or the RSI indicator you can see that it made amazing gains! With a 78 million dollar market cap heading into a 3 billion dollar a year NEW industry the price of token could easily hit 50 cents, $1 even $2 and so on. So make sure to set aside investment for TOKEN cryptocurrency and remember to shout me out for who told you first.
Love
Rocket
Perpetual Protocol (PERP) to $20On the above weekly chart price action has corrected 97% since September 2021. A number of reasons now exist to consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Support and resistance. Price action confirms support on past resistance (see arrow). Look left.
3) GRM support has already confirmed.
4) The falling wedge breakout and confirmation forecast a 5000% move from the breakout point. Forecast is measured from low to highest touchpoints within the wedge (blue circles).
Is it possible price action corrects further? Sure.
Is it probable? no.
Ww
Type: trade
Risk: <= 6%
Timeframe for long: Yesterday
Return: 50x
Market Analysis: Bitcoin and AVAX📅 Today's market conditions aren't significantly different from yesterday. Given that it's Sunday, it's essential to minimize risk and avoid unnecessary positions. I'll start with a Bitcoin analysis and then move on to AVAX.
👑 Bitcoin Analysis
🔍 In the 1-hour timeframe, as I mentioned yesterday, there was a potential reaction at 60718, which occurred around 60739. Following this, the price moved upward with strong momentum, forming two powerful bullish candles. However, volume has started to decrease, indicating that the bullish momentum has temporarily subsided. We need to wait for a confirmation to see momentum re-enter the market.
📈 For a long position, I still wait for a break of 62168, which coincides with the 0.618 Fibonacci retracement level. If this level breaks, the price could move up to 63583. If the RSI stabilizes above 70, we could consider entering a long position earlier.
📉 For a short position, our trigger has shifted slightly to 60739, considering the market's reaction to this level yesterday. This could be a good short trigger with a target of 59323. However, volume needs to increase in the market, so it might be better to wait until the new week starts.
⛓ AVAX Analysis
🗂 The AVAX project operates on its blockchain, where AVAX is the primary coin used for transactions, fees, staking, and DeFi applications.
🔍 In the 4-hour timeframe, after a decline, the chart hit the support level at 23.84 and started to correct, now moving upward in the Low Wave Cycle. However, the decreasing volume favors a bearish trend continuation. We can expect the downtrend to continue if the price stabilizes below the 23.84 support.
📈 For a long position, you can enter upon breaking 28.59, but keep in mind that the volume is low, and you're trading against the main trend. The target for this position could be 30.88. If the RSI enters the overbought territory, it can provide confirmation to keep the position open.
📉 For a short position, you can enter upon breaking 27.69, though this trigger is quite risky. The main short trigger is at 23.84; breaking this level allows entering a short position. A break of 50 on the RSI can provide a suitable confirmation for bearish momentum entering the market.
📝Both Bitcoin and AVAX are at critical points. Bitcoin's low weekend volume suggests caution, while AVAX presents clear short and long opportunities based on the triggers discussed. Monitor volume closely and ensure confirmations through RSI patterns to make well-informed trading decisions.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Composite way.Hi, everybody.
This is one of those composite charts that are designed to help you understand a little more.
First let me say that if you look at the larger timeframes, the whole market situation looks like some sideways movement. While some see a rise as early as tomorrow and others see the market falling, I see no clear signs of either right now. My personal opinion. But I do see something in the future.
So, we take the capitalisation of all coins without BTC and ETH,
subtract Tether additionally from it and divide by BTC.
On the left is a daily chart, on the right 19D.
Daily.
I haven't switched on the Volume Flow Indicator (VFI) for a long time.
There is a positive signal, the short volume EMA crossed the long EMA to form a golden cross.
If the volume data is valid, it means that the process of pumping liquidity into Total3 is underway.
The signal from the 9 seasons rainbow is ambiguous.
We have as many as three fuchsia-coloured stripes signalling a crazy sell,
and they have been replaced by light red stripes. In typical cases this is interpreted as:
Crazy Sold (Fuchsia) -> Bear Bounce (Light Red):
This normally indicates price has dropped to a new level
In addition, the Whalemap Indicator recorded purchases in February this year at 0.43.
It is assumed that the profit on these purchases is underperforming. Now the altcoin market is below this buying point.
19D.
Here I will switch to Ichimoku and Stupid Willy.
On the clouds we can see the "thin neck" area. Anyone who has been following my charts for a long time knows that I keep a close eye on these areas. When Senkou Span A and B come so close, it means an area extremely convenient for a resistance breakout. For price to break out above the clouds and start a run.
On this chart, the neckline starts on 23 September and ends on 31 October.
We can expect a breakout in this time frame, I think.
Stupid Willy showed a switching trend signal from red to green as early as the end of April, and pretty quickly back to red again. However, these signals occur when the black EMA crosses the major signal line.
And the black has once again come close to the leading line. I expect that by mid-summer we will have a sustained green.
Past pumps have formed two tops on this chart.
1.34 and 0.98. Additionally, I will highlight the resistance level of 0.68.
0.68 is the first target that the TOTAL-3 should pass towards new tops.
Unfortunately everything is still very slow.
But we are not discouraged.
I remember the summer and autumn of 2017,
not everyone actually thought growth was possible.
Killing faith is one of the tricks of this market.
Long Term Analysis of Nifty my observations and a conclusion.The chart above is the chart of Nifty 50 since 1991. This chart here tells a few stories. I will tell you my version of these stories or observations you can derive your own conclusions from them:
1) India is a continuous bull market. There are blips due to Micro and Macro reasons but the chart keeps moving forward in the parallel channel. We are in the upper half of the channel since 2005 indicative of an economy that is moving forward and GDP that is continuously growing. There are couple of times when the market went into the lower half of the channel once was during the 2008 Sub-prime crisis and once during the COVID19 global crisis. Lot of countries of the world have still not come out of the trauma but we bounce back each time. This tells us about strength of our nation and our economy.
2) There is lot more room to grow before we hit the channel top resistance. Even in case of some major political event or market correction. We can get the mid channel support and the support of Mother line 50 Months EMA.
3) Relative Strength index is a lagging indicator used by a lot of analyst to check if the market is overbought or oversold. As per my observation over the years. We start to enter the overbought territory once the index is above 70. RSI above 80 is indicative of a market that is overbought. Similarly when the RSI levels are below 30 we enter the oversold territory and When RSI is below 20 we are in the highly oversold territory. Now if you look at the chart carefully each time monthly RSI of Nifty has gone near / above / substantially above 80 levels there has been a correction in the market. Some corrections have been large some not so substantial but inevitably market has corrected. Right now RSI of Nifty is 78.94. The levels to watch out for reversal / Consolidation / correction in my opinion can be anywhere between 79.88 and 91.35. I am not trying to scare you or predict a doomsday scenario, I am just presenting historic data in front of you.
4) Market can remain irrational for period of time beyond human comprehension. Market can remain irrational more than an investor can remain rational. So while we ride the upwave changing sectors and changing our stories and choices shuffling between small and mid and large caps do not forget to put in your stop losses and trailing stop losses. Stop losses are our friends that protect our capital and trailing stop losses are our friends that protect our profits. While we use them it can happen that a stock takes your trailing stop loss and again bounces back to huge upside but it is fine, either we learn or we win. If you have the capital you can invest again. If you will not have the capital it is an irreversible loss.
Conclusion: Stay Positive but be cautious. Use stop losses with discipline and trailing stop losses generously. The chart shows that history repeats. The chart shows that India is a continuous bull market. The chart shows that long term investor will always win if he has discipline and follows a process in stock selection, profit booking and staying vigilant.
Bitcoin's price movement after breaking below the Daily RSI 30Since January 2018 BTC has went up significantly after breaking under the Daily 30 RSI
On average of these 11 occurrences BTC goes up 245%
If we take just 1/4 of this and apply it to the current break of the RSI 30, then BTC has a chance to go up 60%, which would take it to 93k
Average time it takes to achieve this is 137 days
XRPUSDT Quick Long Setup / Check out the details!BINANCE:XRPUSDT
COINBASE:XRPUSD
Long position on XRPUSDT 2H
Mid-risk status: 2x-5x Leverage
TP:
Follow the patterns & Bollinger midline:
0.4915
0.4965
0.5015
0.5052
0.5103
0.5155
➡️ SL:
0.462
The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be cancelled.
Delving into the Depths: Bitcoin & POLS Analysis📅 Today, we're diving into the analysis of POLS, a coin suggested by one of our followers in the comments of yesterday's analysis. If you have a coin in mind that hasn't been analyzed yet or if the analysis is outdated, let me know in the comments, and I'll be sure to provide an analysis for you. But before that, as always, let's start with Bitcoin.
👑 Bitcoin Analysis
🔍 I'll analyze Bitcoin in the 1-hour timeframe, as usual. Yesterday, the 61273 trigger was activated, and it's likely now in a risk-to-reward 1 area. As I always say, the first target should be at least a risk-to-reward of 2, as I don't find 1 or 1.5 risk-to-reward ratios worthwhile. So, if you opened a position with yesterday's trigger, I suggest keeping it open.
📊 New selling volume is entering the market, and in the last two strong candles, significant selling volume has entered.
📉 If you don't have a position and want to open a short one, the 60635 trigger can be very suitable. However, I prefer it to test this support again and break it next time, as this would make me more confident in the trigger. The RSI trigger is also being activated at 35.86, which will likely confirm the entry before the price does.
📈 For long positions, we still need more space and structure, but I think a suitable structure for a long position will form by tomorrow, and I'll discuss it then.
💎 POLS Analysis
🔍 Now it's time to analyze POLS. The analysis will be done in the daily timeframe, but I'll also check lower timeframes for futures. First, let's review the project.
🗂 The POLS project is a blockchain-based platform that provides infrastructure for new projects to conduct presales and raise funds for their projects. Projects on this platform are very risky, and most of them fail, but if you have the necessary knowledge to evaluate projects and conduct your own research, you can discover new market gems and earn significant profits after their tokens or coins are listed. Additionally, the gam3s project is a subset of this project, acting as a game launcher. Just as the main project is a platform for viewing and purchasing blockchain projects, gam3s is a platform for viewing and purchasing crypto games and Play-to-Earn games.
🎲 In the daily timeframe, POLS had a long-term range box, and after breaking the box from below, it started its downtrend, forming a descending trendline from the price lows, which can be considered as the target for each wave. The SMA25 has also effectively supported the price in this trend, preventing it from losing its bearish momentum. Currently, the selling volume in the market is decreasing, indicating that these moves could be among the last in this cycle. For the downtrend to continue, selling volume needs to increase again, and ideally, the RSI should break the 27.32 support to bring bearish momentum into the market.
🪤 There was a Fake Breakout from the 1.1738 ceiling, which initiated the bearish move. I want to talk more about these fake breakouts. The analytical use of fakes is such that each fake breakout has a trigger, which in this example, was the 1.0577 trigger. After breaking this trigger, we can say the market turned bearish. The reason is that buyers broke the resistance and gained control but couldn't maintain it, resulting in a lower high and introducing bearish momentum into the market.
🛒 For spot buying, considering the bearish market, there are no resistances yet for this coin that would make a spot purchase logical. The closest trigger for a spot buy is 0.7492, which is quite far, and before that, the price will likely form a new structure and provide a lower entry point.
🚀 For futures trading, it's better to look at the 4-hour timeframe.
⚙️ In this timeframe, another fake breakout occurred, but in this example, the trigger wasn't activated, and the price is moving downward again.
📉 The short trigger for this coin was 0.5515, which has been activated. The target for this trigger could be the trendline drawn in the daily timeframe or the static support at 0.4636. The trigger for this move in the RSI is 38.06.
📈 For long positions, the 0.5728 trigger is suitable, but the price is far from it and might reach it in a few days.
📝In conclusion, the market conditions indicate potential short opportunities for Bitcoin while POLS shows promise for long positions if the resistance is broken. Always remember to use appropriate risk management techniques and adhere to your trading strategies.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
SPX500 is oversold on the hourly chartThe SPX500's daily chart is still trading in a bullish zone. The hourly chart has pulled back to oversold territory suggesting a bullish snap-back may be due.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
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Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
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Past Performance is not an indicator of future results.
USDCHF Tests Critical Resistance on Dovish SNBHaving pivoted away from its tightening cycle in March, the Swiss National Bank delivered the second straight rate cut last week, making it a frontrunner in the shift to monetary easing. Officials also lowered their inflation forecasts, creating scope for more moves ahead. Its US counterpart on the other hand, is reluctant to pivot due to stubborn inflation and Fed officials see just one cut this year.
This monetary policy divergence is beneficial for USD/CHF, which surges after the SNB back-to-back rate cut. It now tries to take out a pivotal resistance cluster, comprising of the EMA200 (black line), the 38.2% Fibonacci of the last decline and the daily Ichimoku Cloud. Successful effort will give control back to the bulls and allow them to look towards the 2024 peak (0.9225-46), but this may prove elusive in the near term.
On the other hand, with two rate cuts already under their belt, Swiss policymakers may become less bold. Furthermore, the Fed may have adopted a higher for longer stance, but still sees less restrictive stance ahead and markets are more optimistic, pricing in two rate cuts within the year.
Overbought conditions indicated by the RSI and the aforementioned critical resistance confluence, can put pressure on USD/CHF. So a pullback that would challenge 0.8825 would not be surprising, but deeper losses towards and beyond 0.8730 are not compatible with the monetary policy dynamics.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
ENGRO | Testing 200 EMA📰 On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish reversal from this point can be anticipated. Such a pull back typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram needs to transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 339. Subsequently, the price may break and sustain above 340 level before testing next resistance of 359.
🛑 It is essential to note that the analysis will no longer hold validity once the support area breaks at 300.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Nikkei reversal risk with futures extremely overboughtNikkei futures are extremely overbought on a 4h timeframe having surged to more than two-month highs earlier Wednesday. On each of the past five occasions RSI has exceeded 77, as it has today, it has coincided with a near-term market top.
By coincidence, today’s rally stalled at 39775, a level that acted as both supply and demand on multiple occasions earlier this year, including when last tested in April. While it goes completely momentum and comes just a few days before quarter-end, a short setup has presented itself.
Having missed an earlier entry opportunity when futures failed above 39775, I’m prepared to wait to see whether we get another test during the European or North American session.
If we were to fail again at 39775, you could initiate shorts with a stop above 39800 for protection. 39500 would be the initial target, a minor level that acted as resistance and support in April. Below, 39345, 39200 and 39025 are other downside levels to consider.
DS
Smooth love potion (SLP) - bullish divergenceSmooth love potion (SLP) - bullish divergence
On the above 1-day chart price action has corrected a massive 90% since mid-July. Now is a excellent time to be bullish, why?
1) The ‘incredible buy’ signal prints.
2) Seven oscillators are printing bullish divergence with price action following the ‘buy’ signal - more than excellent.
3) RSI resistance breakout.
4) The story is very similar on the SLP/BTC pair (chart below) with price action converging within a bullish falling wedge pattern. A breakout by early January must happen one way or another.
Is it possible price action continues to fall? For sure.
Is it probable? Very unlikely.
Good luck!
WW
1-day BTC chart