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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. -
By tradinglounge · Posted
MARUTI SUZUKI INDIA – MARUTI (1D Chart) Elliott Wave Technical Analysis Function: Counter Trend Lower (Intermediate degree, orange) Mode: Corrective Structure: Impulse, within larger degree Wave A Position: Minute Wave ((iii)) Navy Details: Minute Wave ((iii)) is now progressing lower against 13680, as an extension. Invalidation point: 13680-85 MARUTI SUZUKI Daily Chart Technical Analysis and potential Elliott Wave Counts: MARUTI SUZUKI daily chart is indicating a potential trend reversal after terminating Minor Wave 5 Grey of Intermediate Wave (5) Orange around 13680 high. The stock is about to complete its first impulse wave lower as the Minute sub waves unfold against 13680 resistance. The stock had dropped through 6530 lows in March 2022, terminating Intermediate Wave (4) Orange. The subsequent rally can be clearly seen unfolding as an impulse marked as Minor Waves 1 through 5 Grey. Please note Wave 3 was an extension while Wave 5 completed as a diagonal. If the above is correct, a major top seems to be in place around 13680 levels as the first impulse drop continues to unfold. MARUTI SUZUKI INDIA – MARUTI (4H Chart) Elliott Wave Technical Analysis Function: Counter Trend Lower (Intermediate degree, orange) Mode: Corrective Structure: Impulse, within larger degree Wave A Position: Minute Wave ((iii)) Navy Details: Minute Wave ((iii)) is now progressing lower against 13680, as an extension. Furthermore Minuette Wave (iv) could be unfolding as a triangle now. Invalidation point: 13680-85 MARUTI SUZUKI 4H Chart Technical Analysis and potential Elliott Wave Counts: MARUTI SUZUKI 4H chart is highlighting the sub-waves after Minor Wave 3 Grey terminated around 13065 mark. Minor Wave 4 unfolded as a zigzag, terminating around 11,540 mark. Minor Wave 5 pushed through 13680 unfolding as an ending diagonal. The stock has reversed sharply from 13680 levels and is unfolding as an impulse with Minute Waves ((i)) and ((ii)) in place already around 12060 and 13600-50 levels respectively. If the above holds well, prices would continue dragging lower as Minute Wave ((iii)) extends. Conclusion: MARUTI SUZUKI is progressing lower within Minute Wave ((iii)) Navy against 13680 high. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
USDCHF Elliott Wave Analysis - Trading Lounge Day Chart U.S. Dollar/Swiss Franc (USDCHF) Day Chart USDCHF Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Navy Blue Wave 3 Position: Gray Wave 3 Direction (Next Higher Degrees): Navy Blue Wave 3 (initiated) Details: Navy Blue Wave 2 appears complete, with Navy Blue Wave 3 currently in progress. Wave Invalid Level: 0.87344 The USDCHF daily chart showcases an Elliott Wave analysis highlighting a bullish trend. The current wave structure is defined as Navy Blue Wave 3, part of an impulsive sequence, with Gray Wave 3 actively developing. This indicates sustained upward momentum within a larger bullish framework. Key Insights: Completion of Navy Blue Wave 2: The analysis identifies the conclusion of Navy Blue Wave 2, signaling the onset of Navy Blue Wave 3. Impulsive Waves in Play: According to Elliott Wave Theory, impulsive waves denote strong directional trends. Navy Blue Wave 3 represents a robust bullish phase, with further potential for upward gains. Invalidation Level at 0.87344: A fall below this level would negate the current wave structure, necessitating a reassessment of the bullish scenario. This analysis provides valuable insights into the USDCHF market's bullish outlook. The transition from Navy Blue Wave 2 to Navy Blue Wave 3 highlights strong upward momentum. This trend suggests favorable conditions for traders and analysts to align their strategies with the prevailing bullish sentiment. U.S. Dollar/Swiss Franc (USDCHF) 4-Hour Chart USDCHF Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Direction (Next Higher Degrees): Orange Wave 1 (initiated) Details: Orange Wave C of 2 appears complete; Orange Wave 1 of Navy Blue Wave 3 is underway. Wave Invalid Level: 0.87344 The USDCHF 4-hour chart provides an Elliott Wave analysis pointing to a bullish trend. The wave structure is defined as Orange Wave 1, part of an impulsive sequence, within Navy Blue Wave 3. This indicates ongoing upward momentum within the broader bullish framework. Key Insights: Completion of Orange Wave 😄 The analysis suggests that Orange Wave C of Wave 2 has likely concluded. The market now transitions into Orange Wave 1 of Navy Blue Wave 3. Impulsive Wave Signals Upward Momentum: In Elliott Wave Theory, impulsive waves indicate strong directional trends. The initiation of Orange Wave 1 marks the beginning of a new upward phase within the bullish structure. Invalidation Level at 0.87344: A breach below this level would invalidate the current wave structure, prompting a reevaluation of the bullish outlook. This analysis provides a detailed framework for understanding the ongoing USDCHF bullish trend. The shift from a corrective phase (Orange Wave C) to an impulsive phase (Orange Wave 1) highlights the strengthening upward momentum. Traders can leverage this information to align their strategies with the market's prevailing bullish sentiment. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!
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