CASPER LABS update + This post will be updated if neededThe departure of Casper Labs' former CEO and the sharing of Prove AI with Hedera Hashgraph has undoubtedly impacted CSPR's unique advantage. After reading the new CTO's article and watching some interview clips discussing their strategy to get back on track, there might be hope. However, I need to see the new roadmap (if it exists) and some partnerships with solid institutions, organizations, or tech companies before feeling confident about reinvesting in CSPR. Source.
From a technical analysis perspective, it would be wise to look for better opportunities with decent returns and more stable projects while waiting for CASPER to recover, if it can catch up in this bull cycle.
If CSPR drops below 1 cent, I might take some risk and dollar-cost average (DCA) in with a maximum of 3% of my portfolio, considering that BTC is currently correcting with a decent possibility of retesting the 80K region or lower. The rising BTC dominance makes it harder for altcoins to break free from BTC's influence.
Current Investments:
XRP (Number 1)
XLM, FLR, SGB, VELO, VET, ZIL, THETA, GLMR, DOT, TELCOIN, ZEC, SC, QNT, HBAR, ADA, SOLO
Assets to DCA In:
DAG, XDC, CELO, DGB, AVAX
(SGB, FLR, ZIL, GLMR, TEL) are relatively still low compared to their bottoms, along with many others that I am not currently following.
Whoever holds CSPR, kindly note that i have nothing against this project, but i'm glad that i have sold above my entry level and held back from re-entering. I feel sorry for you but hey i'm a human and i might be completely wrong on my assessment with regards CSPR.
Wish you a happy holidays folks and Merry Christmas in advance.
Trend Analysis
ETH thesis by Titan_KarmaEthereum Investment Thesis
Market Overview
Ethereum (ETH) is trading at $3,431.65, indicating potential for upward momentum. The recommendation is to OPEN LONG positions, supported by a favorable risk-reward setup and moderate confidence in a bullish trajectory.
Key Technical Indicators
Stop-loss: Set at $3,200.00, providing downside protection against unexpected price drops.
Take-profit: Targeted at $3,600.00, aligning with a strong resistance level and maximizing potential gains.
Exit Point: Positioned at $3,500.00, offering a prudent level for partial profit-taking.
Confidence Level
The confidence level for this strategy is 75%, reflecting cautious optimism. The technical and fundamental indicators support an upward trend, though volatility requires close monitoring.
Correlation with BTC
Ethereum shows a neutral correlation with Bitcoin (0.02), suggesting its price movement is minimally influenced by BTC. This allows ETH to follow its own market dynamics.
Position Analysis
Open Long Positions: None currently, presenting an opportunity to take advantage of the recommended strategy.
Open Short Positions: None, indicating a lack of bearish sentiment.
Risk Management Strategy
Entry at the current price of $3,431.65 is ideal to capitalize on potential gains.
A well-placed stop-loss at $3,200.00 minimizes risk in case of downside volatility.
The take-profit level at $3,600.00 provides an attractive target, while the exit point at $3,500.00 ensures partial profit-taking to secure gains.
Recommendation
OPEN LONG positions near the current price, aiming for a take-profit level of $3,600.00. The combination of technical support and moderate confidence in the bullish scenario supports this strategy. Traders should remain vigilant for any changes in sentiment or technical indicators that might influence price movements.
ASSETARTISAN 1. Break of Structure (BOS): A clear break of structure occurred, as indicated in the chart, signaling a shift in market momentum. This often aligns with a continuation of the prevailing trend.
2. Change of Character (ChoCH): The marked ChoCH points indicate shifts in market sentiment, transitioning from bearish to bullish. These are often early signals of trend reversals or continuations.
3. Order Block Reaction: The price reacted strongly within a demand zone (blue-shaded area). This suggests that institutional buying was present, driving prices upward toward the target.
4. Momentum and Volume: The strong bullish momentum (indicated by large candlestick bodies) supported the price's rapid movement to the target.
5. Trend Continuation: The price is in a clear bullish trend, with higher highs and higher lows forming, reinforcing the likelihood of hitting higher levels.
In summary, the combination of structural breaks, demand zone reactions, and bullish momentum contributed to the target being achieved.
XAUUSD Price Breakout Strong Resistance Zone 2640 To 2650XAUUSD Gold USD Chart Breakout Out Range Near 2610 With Current price 2625 .
Here A Breakout Of Your Outlook.
Buy Zone 2610 which Appears Price will Breakout From Here Current price will Moving 2625.
Long Term 2640 to 2650 Which is Suggest to Bullish Momentum Price.
You can find more details in the chart PS Support with like and comments for more insights.
Natural gas idea for 17th July 2024, bullish.📈🚀 Bullish on NATGAS! 🌟
Hey everyone! 🙌 I’m analysing about natural gas right now! Here’s why I’m bullish:
Strong Support Zone: Found a solid support zone on the daily timeframe from around $1.5 to $1.9. This is where buyers have been stepping in recently, which is a great place for purchases! 🛡️💪
First Target (TP1): My first resistance zone (where I’ll take some profit) is between $3.4 and $3.7. This is where we might see some selling pressure, but if we break through, it’s gonna be a breakthrough! OBVIOUS?10000%!! 📈💰
Second Target (TP2): The next resistance zone is from $4.9 to $5.3. If NATGAS hits this, we’re in for a big win! 🚀💵
What happens next? Only God knows!
🔍 Okey, short story about what is backing up my theory:
Increasing Demand: With hotter weather and rising electricity use, natural gas demand is up! More AC means more gas! 🌞🔌 And don't forget about the upcoming winter ❄️🔥; heating needs will push demand even higher!
Supply Concerns: Global tensions with Russia, the Middle East, and Trump assassination affect supply chains. Issues are keeping supplies tight, which is driving prices higher. 🌍📉
Green Energy Shift: Even as we move to greener energy, natural gas remains a key player as a cleaner alternative to coal and oil. Your friend’s Tesla won't work without coal, oil, or gas! 🌱⚡
Overall, NATGAS looks super promising right now. Let’s keep an eye on it and ride the wave! 🌊
#Trading #NatGas #Bullish #Stocks #Investing #SupportAndResistance
Feel free to share your thoughts or ask questions! Let’s make some gains! 🤑🚀
XAUUSD GOLD Sell SideGo Through the This Analysis The Gold Price will Moved in Sell Side.
Current Price will Moveing Between 2605 to 2607 if The Price will Breakout from There We see Price will High and Bearish Setp Traders.
Resistance Zone 2610
Support Zone 2580/2570
You Can See More Details in the Chart PS Support with like and Comments for more Insights.
BTC Bitcoin "Snake green eyes" reversal setupBTC Bitcoin "Snake green eyes" reversal setup. Snake eyes is a green dot, red dot, green dot pattern that has predicted the previous 2 pumps on bitcoin. If we get a green dot in the next 2 4hr candles then we would get the snake eyes and could see a fast move up.
BTCUSD - Missed TP ? that's okay history says 140KI followed too blindly this fractal that went almost perfect but was waiting 120k to take partial profits and missed a 30% opportunity,
I'll know take profits more often by moving from risky alts to BTC or other assets resistant to drawdown
the middle line of the channel BTC is evolving seems to support very well and I'm gonna assume the correction is already over, you can still expect to see another dip to 86k tho (but I dont believe this)
my simple trade idea : green is path of 4 years ago, blue is path of last year
first TP will be at 120k & 144K see you in 3 weeks
not financial advice
cheers
BTC Possible Sellstop run to 80k? BTC CME GapPotential larger timeframe seek and destroy profile, building up considerable sellside liquidity to later run.
This would act as a deviation or fakeout both sides of this range as charted here.
Daily BiSi (Bullish FVG) is the draw and our point of interest.
etc long midterm"🌟 Welcome to Golden Candle! 🌟
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FILUSDT 1W#FIL has broken the trendline and is currently testing it. The Weekly MA50 and MA100 are providing strong support. We expect it to reach the following targets in the mid-term. Make sure to include some #FIL in your crypto portfolio.
Targets:
🎯 $10.536
🎯 $15.396
🎯 $19.324
🎯 $23.252
🎯 $28.844
🎯 $35.968