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By Muhaammaadd · Posted
The world of decentralized finance (DeFi) has witnessed the emergence of innovative solutions that aim to enhance the user experience and maximize returns. Liquid staking, a mechanism that allows users to stake their assets and receive liquid tokens, has gained traction within the Ethereum ecosystem. Platforms like Lido Finance and Rocket Pool have been at the forefront of this trend, offering users the ability to earn staking rewards while maintaining liquidity. However, a new player, Swell Network, is entering the arena with a unique proposition. Swell's unique approach involves leveraging innovative protocols to maximize yield potential for stalkers. Swell has secured $3.75 million in a seed round and plans to launch its own Ethereum layer-2 chain in H2 2024, while it aims to attract both seasoned DeFi users and newcomers. As the Ethereum ecosystem continues to evolve, liquid staking solutions like Swell is unlocking new opportunities for its community with multiple events hosted by tier 1 CEXs like Bitget and even a premarket trading. How do you see the future of liquid staking shaping the DeFi landscape? -
By tradinglounge · Posted
Swiss Market Index (SMI) Day Chart Analysis Elliott Wave Analysis for SMI - Day Chart Index: Swiss Market Index (SMI) Chart Focus: Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Wave Structure: Gray Wave 2 Position: Within Orange Wave 3 Direction for Next Higher Degree: Transition to Gray Wave 3 Details: Gray Wave 1 has completed, and Gray Wave 2 is nearing its end. Current SMI Elliott Wave Overview The daily Elliott Wave analysis of the Swiss Market Index indicates an ongoing counter-trend correction phase in gray wave 2 following the completion of gray wave 1. This current phase is in corrective mode, with orange wave 3 positioned within the structure and aligning toward a broader movement toward gray wave 3, the anticipated higher-degree bullish trend. Gray wave 2 represents a corrective stage after the previous upward movement and is close to completion. This phase suggests that the SMI may soon transition back to an upward trajectory, potentially beginning gray wave 3. The wave cancel invalid level is at 11,419.25; a move below this threshold would invalidate the current corrective wave structure and could indicate a shift from the anticipated trend continuation. Key Levels and Immediate Trend Focus The primary focus is on the approaching end of gray wave 2, which could transition into gray wave 3 and resume the upward movement. Traders may watch for signs of this shift near the invalidation level of 11,419.25, as staying above this level supports the bullish outlook. Summary In summary, the SMI is currently in a corrective gray wave 2 phase, with gray wave 1 previously completed. The next major phase is expected to be gray wave 3, pointing to a potential return to a bullish trend. The invalidation level at 11,419.25 remains critical; any breach of this level could negate the current wave structure and signal a possible trend shift. The market is monitoring the conclusion of gray wave 2, anticipating a resumption of the upward trend if the corrective structure holds. Swiss Market Index (SMI) Weekly Chart Analysis Elliott Wave Analysis for SMI - Weekly Chart Index: Swiss Market Index (SMI) Chart Focus: Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Wave Structure: Orange Wave 3 Position: Within Navy Blue Wave 3 Direction for Next Higher Degree: Ongoing Orange Wave 3 Details: Orange Wave 2 has completed, and Orange Wave 3 is currently in progress. Current SMI Elliott Wave Overview The weekly Elliott Wave analysis for the Swiss Market Index reflects a bullish trend in an impulsive phase, centered on orange wave 3 after completing orange wave 2. Within this advancing trend, navy blue wave 3 aligns with the momentum in orange wave 3, supporting a continued bullish outlook for the SMI. This phase in orange wave 3 suggests sustained upward momentum as part of the broader bullish trend. With orange wave 2 complete, the SMI is anticipated to continue its advance in the impulsive phase of orange wave 3, reflecting a strong bullish trend in line with higher-degree wave analysis. The wave cancel invalid level at 11,419.25 is crucial to monitor; any movement below this threshold would invalidate the current wave structure and imply a potential shift from the bullish trend. Key Levels and Immediate Trend Focus With orange wave 3 active, traders and investors may focus on signals of sustained upward momentum. Holding above the 11,419.25 invalidation level reinforces the bullish structure, supporting potential continued gains in navy blue wave 3. Summary In summary, the SMI is advancing within the impulsive phase of orange wave 3, following the completion of orange wave 2. This bullish trend’s continuation depends on maintaining levels above the critical invalidation threshold of 11,419.25. The analysis suggests a positive outlook, expecting further upward movement as the SMI progresses within its current bullish structure. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
USDJPY (U.S. Dollar/Japanese Yen) Chart Focus: Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Wave Structure: Navy Blue Wave 1 Position: Within Gray Wave 1 Direction for Lower Degree: Transition to Navy Blue Wave 2 Details: Navy Blue Wave 1 within Gray Wave 1 continues its development, nearing potential completion. Current USDJPY Elliott Wave Overview The USDJPY day chart illustrates a robust upward trend in an impulsive mode, specifically through the movement of navy blue wave 1 within the larger gray wave 1 structure. Navy blue wave 1 is approaching the final stages of its progression, signaling that it may soon complete, leading to a potential shift towards navy blue wave 2, marking the onset of a corrective phase. This possible transition to navy blue wave 2 indicates that upon the completion of navy blue wave 1, a pullback or retracement could emerge, representing an adjustment phase within the ongoing primary trend. The key invalidation level to monitor is 139.585; a break below this level would invalidate the current wave structure and could imply a shift in momentum, potentially affecting the bullish outlook. Short-Term Outlook and Key Levels In the immediate term, USDJPY is expected to continue its upward trend until navy blue wave 1 completes. As this wave nears its potential endpoint, short-term gains remain plausible, assuming the price does not breach the invalidation level. The primary focus remains on the impending completion of navy blue wave 1 within gray wave 1, with traders closely watching for any indicators of a shift into the corrective navy blue wave 2 phase. Summary In conclusion, USDJPY maintains its upward trajectory, driven by navy blue wave 1 within the broader gray wave 1 structure. The next crucial phase involves observing for a potential shift into navy blue wave 2, particularly as navy blue wave 1 approaches completion near the wave cancel invalidation level of 139.585. USDJPY (U.S. Dollar/Japanese Yen) Chart Focus: Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Wave Structure: Orange Wave 5 Position: Within Navy Blue Wave 1 Direction for Lower Degree: Transition to Navy Blue Wave 2 Details: Orange Wave 4 has completed, and Orange Wave 5 is now underway. Current USDJPY Elliott Wave Overview The USDJPY 4-hour chart shows a strong upward trend in impulsive mode, focusing on orange wave 5 within the larger structure of navy blue wave 1. The recent completion of orange wave 4 marks the beginning of orange wave 5, which generally signifies continued bullish momentum with further upward movement expected as it progresses. In the broader structure, navy blue wave 1 is leading towards an eventual navy blue wave 2. This progression suggests that, after orange wave 5 completes, a corrective phase may begin. Until this transition to navy blue wave 2 occurs, the trend remains bullish, supported by the impulsive nature of orange wave 5. Key Levels and Immediate Trend Focus A critical level to watch is the wave cancel invalid level at 151.298. Any break below this threshold would invalidate the current wave structure, indicating a possible shift in momentum away from the bullish trend. As long as the price remains above this level, the bullish structure is likely to persist, with orange wave 5 anticipated to drive further gains. Summary In summary, USDJPY is in a bullish trend on the 4-hour chart, with orange wave 5 pushing the momentum within navy blue wave 1. Provided the price remains above the invalidation level of 151.298, the pair is expected to continue its upward movement in the short term. The primary focus is on the completion of orange wave 5, after which a shift into the corrective navy blue wave 2 phase may be anticipated. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!
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Question
Guest Descartes
Hi,
I have recently opened a SIPP through IG with James Hay. When I log I to James Hay I can see my funds have cleared and are available to invest, but when I use the IG platform, my SIPP account is still showing a zero balance. How can this be corrected as I want to manage my SIPP through the IG platform.
Thanks
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