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10/06/21 10:53
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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 7 December 23, Binance/ U.S. dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave C Direction Next higher Degrees: wave (2) of Impulse Wave Cancel invalid level: Details: wave (2) may end at 224.0 and the price increase again in wave (3) Binance/ U.S. dollar(BNBUSD)Trading Strategy : Binance's recovery has been good, with five waves rising from the 202.8 level, giving us an overall bullish outlook. The correction is likely to end at the level of 222.6 and the price is entering another uptrend in wave 3. Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillators a Bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 7 December 23, Binance/ U.S. dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave C Direction Next higher Degrees: wave (2) of Impulse Wave Cancel invalid level: Details: wave (2) may end at 224.0 and the price increase again in wave (3) Binance/ U.S. dollar(BNBUSD)Trading Strategy : Binance's recovery has been good, with five waves rising from the 202.8 level, giving us an overall bullish outlook. The correction is likely to end at the level of 222.6 and the price is entering another uptrend in wave 3. Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillators a Bullish Momentum. -
In this buoyant market with Bitcoin hitting $42,000 and Ethereum reaching $2,200, there's a risk of getting swept up in the excitement fueled by wealth screenshots shared online. However, after impulsive investments, many realize they might still be at a loss, far from outperforming Bitcoin or Ethereum. Here are key takeaways to survive a bull market gleaned from over six years of experience: 01 Few Profits in a Bull Market A bull market implies rising cryptocurrency prices, driven by an optimistic outlook. Yet, making profits is not for everyone. Regardless of positive news or technology, price surges happen when buying outpaces selling. Bull markets inflate numbers but only a few benefit. 02 Preventing Bull Market Missteps In this evolving industry, new narratives emerge with each market rally, driving interest. To navigate: - New Narratives: Expect new storylines; innovation typically starts on-chain. Current trends hint at Bitcoin's ecosystem and various emerging concepts. - Consensus and Open-mindedness: Consensus drives interest. Keeping an open mind is crucial to understand new narratives. - Identifying Leaders: Market cap often defines leadership, but sectors may lack clear leaders or witness transitions. - Top Institutional Trends: Monitoring top institutions' moves is crucial, although they might influence the market significantly. 03 Pitfalls to Avoid Despite market surges, human impulses persist. Here are key pitfalls: - Leveraged Contracts: Playing these is risky; initial success may lead to overconfidence, resulting in significant losses. - All-In Attitude: Don't exhaust your capital; respect the market and learn from past market crashes. - Frequent Trading: Emotional trading often results in losses; patience is vital. - Following Trends Blindly: Avoid blindly following trends; understanding the project you're investing in is crucial. .Surviving a bull market isn't about picking money off the ground; it's about staying steady and avoiding pitfalls in an enticing yet volatile landscape. -
Name of stock - Aura Minerals Name of Stock Exchange - Canada Leverage or Share dealing - Leverage Ticker - ORA Country of the stock - Canada Market Cap - 750M
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