US Dollar Technical Analysis: DXY Trying to Cross 21-yr Trend-line
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By CryptoSniper · Posted
XION is a Layer 1 blockchain designed to facilitate mass adoption in Web3 by simplifying user interaction with blockchain technology. It aims to make blockchain accessible to non-technical users through innovations like fast, gasless transactions and support for mobile devices. With significant backing from investors like Animoca Brands and Multicoin Capital, XION is poised to bridge the gap between traditional web users and the blockchain ecosystem. Its architecture is built around the concept of generalized abstraction, which abstracts away the complexities of blockchain interactions, allowing for transactions to be conducted in fiat money denominations and using familiar authentication methods like email or biometrics. With about 69% of the token allocated to the XION community and 31% allocated for contributor to the ecosystems, many users are gearing for the listing date. The eligible users for this airdrop encompass testnet users, builders, and active Discord members and most of them have already claimed their allocations. With the listing date drawing closers and hype on the project increases as the first user-focused Layer 1 blockchain that aims to improve interoperability, solving both distribution and fragmentation issues to enable mainstream adoption. -
By tradinglounge · Posted
PANW Elliott Wave Analysis Trading Lounge PaloAlto Networks Inc., (PANW) Daily Chart PANW Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minute {iii}. DIRECTION: Upside within {iii} of 3. DETAILS: Looking for further upside into wave (5) as we seem to have completed a large wave 2 and then started to nest in what could be a series of ones and twos. PaloAlto Networks Inc., (PANW) 1H Chart PANW Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {iv} of 3. DIRECTION: Upside in wave {v}. DETAILS: Here’s an alternate highlighting the possibility we are in a triangle in wave {iv}, and we are headed higher into wave {v} of 3 which has to be shorter than wave {iii}, therefore no higher than 444$. This analysis focuses on the current trend structure of PaloAlto Networks Inc., (PANW) utilizing the Elliott Wave Theory on both the daily and 1-hour charts. Below is a breakdown of the stock's position and potential future movements. * PANW Elliott Wave Technical Analysis – Daily Chart* PANW is currently in Minute wave {iii} of an impulsive wave 3, with expectations for continued upside movement. After completing a large wave 2, the stock seems to have nested within a series of ones and twos in the early stages of wave 3. This suggests that a strong move to the upside is anticipated, as wave (5) is yet to unfold. Further gains are likely as the impulsive structure develops, confirming the bullish trend. * PANW Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, PANW appears to be in wave {iv} of 3. An alternate scenario suggests that wave {iv} is forming a triangle, which would imply a consolidation period before the final leg up in wave {v} of 3. Since wave {v} must be shorter than wave {iii} (to maintain proportionality within the Elliott Wave framework), the upside target for wave {v} is capped at $444. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
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