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By tradinglounge · Posted
ASX: BRAMBLES LIMITED – BXB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED - BXB. We see BXB could continue to push higher with a v-grey wave. ASX: BRAMBLES LIMITED - BXB 1D Chart (Semilog Scale) Analysis Function: Major trend (Minuette degree, orange) Mode: Motive Structure: Impulse Position: Wave v-grey of Wave (iii)-orange Details: Wave iv-just ended recently, and perhaps wave v-grey is unfolding and extending to push higher. It could target the high at 20.58 while price must remain above 17.99 to maintain this view. Invalidation point: 17.99 ASX: BRAMBLES LIMITED - BXB 4-Hour Chart Analysis Function: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave ((3))-navy of Wave v-grey Details: Looking closer, the v-grey wave is extending, itself subdividing into ((1))-navy and ((2))-navy, both of which have already ended. Now the ((3))-navy wave seems to be unfolding to push higher, targeting the recent highs at 19.49 - 19.84. A push above these targets would see further upside, targeting 20.58. While price must remain above 17.99 to maintain this view. Invalidation point: 17.99 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: BRAMBLES LIMITED - BXB 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! -
By CryptoSaint · Posted
Ethereum's recent price movement indicates ongoing struggles as it battles significant resistance levels and a bearish sentiment in the market. Let’s break down the key points driving the current trend. Price Consolidation After a Dip Ethereum is currently trading at $2,293.03, reflecting a slight gain of +0.35%. After dipping below $2,320, ETH hit a low of $2,253 before attempting a recovery above $2,285. This recovery has taken ETH to the 23.6% Fibonacci retracement level, a key technical marker calculated from the high of $2,466 down to the low of $2,253. Resistance Levels Hold Strong Despite the bounce, Ethereum is still trading below the $2,310 mark and remains under the 100-hour Simple Moving Average (SMA), highlighting its ongoing challenges. Immediate resistance is forming at $2,300, making upward movement difficult. Stronger resistance sits around $2,340, with another major barrier at $2,360, aligning with the 50% Fibonacci retracement level of the recent decline. Key Technical Trendlines A bearish trendline is developing at the $2,360 resistance level, which is preventing any major breakout. If ETH manages to break above $2,360, we could see a potential surge towards $2,420 and possibly even $2,465. Read Ethereum price prediction Will $ETH Hit $5,000?: Bearish Funding Rates Raise Concerns ShayanBTC pointed out a troubling trend with Ethereum’s funding rates in perpetual futures, which are currently hitting new lows in 2024. Funding rates indicate the balance between long and short positions in futures markets. Rising rates show traders favoring long positions, while falling rates signal increased short-selling pressure. With funding rates declining, short sellers are dominating the market, betting on further price declines. Weak Buying Interest The 50-day moving average for Ethereum’s funding rates has been trending down for weeks, signaling deep bearish sentiment. There’s little interest from buyers, as fewer traders are willing to place purchase orders, adding to the downward pressure. Without renewed demand from perpetual futures, Ethereum may struggle to find support, and further declines could be on the horizon. What’s Next for Ethereum? For Ethereum to recover, the market needs a shift in demand, particularly in the futures market, signaling renewed interest in buying. Without this, Ethereum could continue to face downward pressure, with critical resistance levels preventing any significant price recovery. Ethereum is in a challenging phase, with significant resistance ahead and bearish sentiment driven by short-sellers. Keep an eye on key resistance levels and funding rate trends to gauge the next potential move -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, Binance / U.S. dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective position: Wave ((Y)) Direction Next higher Degrees: wave 2 Wave Cancel invalid level: Details: The decline of wave Y is likely to end and the price is re-entering the uptrend. Binance / U.S. dollar(BNBUSD)Trading Strategy: It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 2 uptrend. Binance / U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bearish Momentum. Elliott Wave Analysis TradingLounge H4 Chart, Binance / U.S. dollar(BNBUSD) BNBUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag position: Wave C Direction Next higher Degrees: wave (2) Wave Cancel invalid level: Details: Wave (2) is likely to end and the price is re-entering the uptrend. Binance / U.S. dollar(BNBUSD)Trading Strategy: It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 3 uptrend. Binance / U.S. dollar(BNBUSD)Technical Indicators: The price is above theMA200 indicating an Uptrend, The Wave Oscillator is a Bearish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!
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Question
Guest dkinks
Is almost definitely a silly question but I was just wondering... When this form asks for the current providers details, does it just mean their generic contact details? As in, I want to transfer from HSBC, so would it be their headquarter address and main telephone number? Just don't want to enter the wrong information!
Also, how have people found transferring?
Thanks
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