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Qubic is emerging as a promising Layer 1 blockchain network that could reshape the cryptocurrency landscape. Built on the innovative Useful Proof of Work (uPoW) mechanism, Qubic combines the security and decentralization benefits of traditional PoW systems with enhanced utility and efficiency. Key factors contributing to Qubic's potential: 1. Robust Security: The uPoW consensus algorithm attracts a large miner base, strengthening network security and resistance to attacks. 2. True Finality: Qubic's Quorum protocol enables fast and irreversible transaction confirmations, a crucial feature for widespread adoption. 3. Rapid Smart Contract Execution: By leveraging its unique architecture, Qubic offers lightning-fast smart contract operations, opening doors for more complex and responsive decentralized applications. 4. Comprehensive Ecosystem: With a range of user-friendly tools including web wallets, browser extensions, and mobile apps, Qubic is poised for mainstream accessibility. 5. Strong Community Engagement: Active social media presence and community interaction foster ongoing development and adoption. As Qubic prepares for its Bitget listing on July 1st, it stands out as a project with the potential to address key blockchain scalability and usability challenges while maintaining a high degree of security and decentralization. -
By tradinglounge · Posted
GBPUSD Elliott Wave Analysis Trading Lounge Day Chart British Pound/U.S. Dollar (GBPUSD) Day Chart Analysis GBPUSD Elliott Wave Technical Analysis Function: Trend Mode: Corrective Structure: Orange wave 2 Position: Navy blue wave 3 Next Lower Degrees Direction: Orange wave 3 Invalid Level: 1.28622 The GBPUSD Elliott Wave analysis on the daily chart provides insight into market movements and projections using Elliott Wave Theory. Here's a breakdown: Function: The market is in a trend, indicating directional movement rather than random or sideways patterns. Mode: The market is currently in a corrective phase, moving against the larger trend. This suggests a temporary pause or pullback, indicating consolidation before resuming the primary direction. Structure: The market is in orange wave 2, a retracement phase following an impulsive wave. This wave is part of a larger cycle, indicating a pullback from the previous trend. Position: The market is in navy blue wave 3, typically the most powerful and extended wave in Elliott Wave Theory. Next Lower Degrees Direction: After completing the current corrective phase (orange wave 2), the market is expected to enter an impulsive phase (orange wave 3), suggesting potential upward movement. Details: Orange wave 1 appears completed, marking the end of the initial move in the current trend phase. The market is now in the corrective phase of orange wave 2, representing a pullback or consolidation period before resuming the larger trend direction with orange wave 3. Wave Cancellation Invalid Level: The wave cancellation invalid level is set at 1.28622. If the market moves below this point, the current wave count would be invalidated, requiring a reassessment of the wave structure. Summary: The GBPUSD daily chart analysis shows the market in a corrective trend phase within orange wave 2, positioned in navy blue wave 3. The next lower degrees direction points to an upcoming impulsive phase, orange wave 3. The market has completed orange wave 1 and is currently in orange wave 2, with a crucial invalidation level at 1.28622. GBPUSD Elliott Wave Analysis Trading Lounge 4-Hour Chart British Pound/U.S. Dollar (GBPUSD) 4-Hour Chart Analysis GBPUSD Elliott Wave Technical Analysis Function: Trend Mode: Corrective Structure: Orange wave 2 Position: Navy blue wave 3 Next Lower Degrees Direction: Orange wave 3 Invalid Level: 1.28622 The GBPUSD Elliott Wave analysis on the 4-hour chart provides insights into the market conditions using Elliott Wave Theory. Here's a detailed breakdown: Function: The market is in a trend, suggesting a specific directional movement rather than random fluctuations or sideways patterns. Mode: The market is in a corrective phase, indicating a temporary pause or pullback within the larger trend. This phase typically precedes the resumption of the primary market direction. Structure: The market is in orange wave 2, a retracement phase within the larger Elliott Wave cycle. This phase follows the completion of the previous impulsive wave. Position: The market is currently in navy blue wave 3, which is part of the larger trend cycle and usually the most powerful wave in Elliott Wave Theory. Next Lower Degrees Direction: The analysis points to orange wave 3 as the next phase. After completing the current corrective phase (orange wave 2), the market is expected to enter an impulsive phase (orange wave 3), suggesting potential upward movement. Details: Orange wave 1 appears completed, marking the end of the initial move in the current trend phase. The market is now in orange wave 2, a corrective pullback phase before potentially resuming the larger trend direction with orange wave 3. Wave Cancellation Invalid Level: The wave cancellation invalid level is set at 1.28622. If the market falls below this level, the current wave count would be invalidated, necessitating a reassessment of the wave structure. Summary: The GBPUSD 4-hour chart analysis shows the market in a corrective trend phase within orange wave 2, positioned in navy blue wave 3. The next lower degrees direction suggests an upcoming impulsive phase, orange wave 3. The market has completed orange wave 1 and is now experiencing orange wave 2, with a critical invalidation level at 1.28622. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
ASX: WISETECH GLOBAL LIMITED - WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LIMITED - ASX. We see that WTC may continue to push lower as wave ((iv))-navy is still developing. Following that, we expect wave ((v))-navy may return to push higher. ASX: WISETECH GLOBAL LIMITED - WTC Elliott Wave Technical Analysis ASX: WISETECH GLOBAL LIMITED - WTC 1D Chart (Semilog Scale) Analysis Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave (y)-orange of Wave ((iv))-navy Details: The short-term outlook shows that wave ((iii))-navy has just ended and wave ((iv))-navy is opening to push lower, the immediate target can find support around 84.74. Invalidation point: 68.15 ASX: WISETECH GLOBAL LIMITED - WTC Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: WISETECH GLOBAL LIMITED - WTC Elliott Wave Technical Analysis ASX: WISETECH GLOBAL LIMITED - WTC 4-Hour Chart Analysis Function: Major trend (Minute degree, navy) Mode: Corrective Structure: Double Zigzag Position: Wave (y)-orange of Wave ((iv))-navy Details: Short term outlook shows wave ((iv))-navy is unfolding to push lower, price action is developing as Double Zigzag (w),(x),(y)-orange, wave ( Y The )-orange currently being formed opens and pushes lower, and at the same time divides into waves a, b, c-gray. It could target around 84.74. Invalidation point: 100.87 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: WISETECH GLOBAL LIMITED - WTC aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here!
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Question
Anjalie
Hi
I want to code my trading strategy in ProRealOrder for automated trading. I believe the new version of ProRealTime allows you to code an automated trading strategy using multiple time frames (1hr, 4hr, etc) in the same code. Does IG support this multi time frame coding and in particular stop loss triggers / trailing stop loss triggers in the code using multiple time frames?
thanks
Anjalie
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