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By tradinglounge · Posted
TASI Index Elliott Wave Analysis - Trading Lounge Day Chart TASI Index Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction (Next Higher Degrees): Gray Wave 3 (initiated) Details: Gray Wave 2 appears complete, and Gray Wave 3 is currently progressing. Wave Invalid Level: 11,572.835 The TASI Index daily chart presents an Elliott Wave analysis that confirms a bullish trend. The wave structure is classified as Gray Wave 3 within an impulsive mode, with Orange Wave 3 actively developing. This suggests continued upward momentum, consistent with the broader bullish outlook. Key Insights: Completion of Gray Wave 2: The analysis indicates that Gray Wave 2 has been completed, signaling the start of Gray Wave 3. Impulsive Waves Drive Momentum: According to Elliott Wave Theory, impulsive waves indicate strong directional trends. The progression of Gray Wave 3 highlights a sustained bullish phase with potential for additional gains. Invalidation Level at 11,572.835: If the market drops below this level, the current wave structure will be invalidated, requiring a reassessment of the bullish scenario. This analysis provides a detailed understanding of the ongoing bullish trend in the TASI Index. The shift from Gray Wave 2 to the active development of Gray Wave 3 emphasizes robust upward momentum. Traders and investors can use this information to anticipate further gains and adjust their strategies accordingly. TASI Index Elliott Wave Analysis - Trading Lounge Weekly Chart TASI Index Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction (Next Higher Degrees): Gray Wave 3 (initiated) Details: Gray Wave 2 has been completed, and Gray Wave 3 is actively progressing. Wave Invalid Level: 11,572.835 The TASI Index weekly chart highlights a bullish trend as interpreted through the Elliott Wave framework. The wave structure is categorized as Gray Wave 3 within an impulsive mode, with Orange Wave 3 actively unfolding. This reflects a strong upward movement consistent with the broader bullish momentum. Key Insights: Completion of Gray Wave 2: The analysis confirms that Gray Wave 2 has concluded, allowing the market to advance into Gray Wave 3. Impulsive Wave Strength: In Elliott Wave Theory, impulsive waves represent dominant market trends. The ongoing development of Gray Wave 3 underscores sustained growth and potential for further gains. Invalidation Level at 11,572.835: A decline below this level would negate the current wave structure, requiring a reassessment of the bullish scenario. This analysis underscores the strong upward trend in the TASI Index. The shift from the corrective phase of Gray Wave 2 to the impulsive phase of Gray Wave 3 demonstrates robust bullish momentum. Market participants can leverage this structured analysis to anticipate continued growth and make informed decisions aligned with the prevailing trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By cryptostar · Posted
ONDO price recently surged to $1.71, following significant whale investment and integration with BounceBit, signaling increasing market confidence. Analysts predict that ONDO coin could continue its upward momentum, with future price projections suggesting a potential rise to $2.50 by 2025, depending on market trends and adoption. With its strong institutional backing and strategic partnerships, ONDO’s future looks promising, making it an exciting token for investors seeking growth opportunities in the DeFi sector. Founded in 2021 and based in the US, Ondo crypto is focused on bridging the gap between institutional finance and decentralized ecosystems. The company is led by a team with strong roots in traditional finance, including experience from Goldman Sachs’ Digital Assets division. Ondo token partners include giants like Blackrock and Morgan Stanley, enhancing its credibility in the financial sector. Adding to the platform's momentum, a prominent crypto whale has purchased a significant amount of ONDO tokens. The whale invested $17.14 million to acquire 10.98 million ONDO tokens, signaling strong investor confidence in the platform’s growth despite broader market fluctuations. The transaction, executed at an average price of $1.71 per token, indicates a positive outlook for the platform’s future. With significant partnerships, a robust product offering, and a major whale investment, Ondo Finance is well-positioned for continued growth in the DeFi space. As the CeDeFi ecosystem expands and USDY gains adoption, the future looks promising for ONDO holders. As of December 2024, Ondo coin is priced at $1.71, with a market cap of $1.1 billion and a 24-hour trading volume of $47 million. It currently holds a rank of #125 among cryptocurrencies. The coin has shown strong upward movement recently, and analysts predict it could reach $2.08 by the end of the year. source - Coinpedia market Check out the latest Ondo price prediction and market analysis to see how its strong momentum, strategic moves, and whale investments are positioning it for potential growth in 2025. For more details, visit our comprehensive price forecast guide. With significant partnerships, a robust product offering, and a major whale investment, Ondo Finance is well-positioned for continued growth in the DeFi space. As the CeDeFi ecosystem expands and USDY gains adoption, the future looks promising for ONDO holders. -
Magic Eden, a renowned NFT marketplace, has unveiled the $ME token as part of its ecosystem expansion. The token is designed to facilitate trading of both fungible tokens and NFTs across major blockchains, aiming to streamline cross-chain interactions. Recently, $ME has gained significant traction, experiencing a 49.40% increase in its value. Join $ME Listing Carnival and share in a massive $ME reward pool. $ME token now live on CEX with the following key milestones: Deposits Open: December 9, 2024, at 07:00 UTC Trading Starts: December 10, 2024, at 14:00 UTC Withdrawals Open: December 11, 2024, at 10:00 UTC As part of its listing requirements, BingX emphasizes compliance with advanced KYC protocols and prohibits market manipulation practices, including wash trading. These measures aim to ensure transparency and fairness in the trading environment. Given Magic Eden's influence in the NFT sector, the $ME token has the potential to enhance the trading experience by bridging the gap between crypto and NFT markets. Its performance in the coming days may provide insights into its long-term role in the evolving blockchain ecosystem.
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Question
GLS1172
Hi, I hold stock in Valereum Blockchain (previously Thames Holdings/ PCGE) and there is a note on the platform saying 'Call to Close'.
What does this mean?
4 answers to this question
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