Earning Campaigns on Exchanges: Surviving the Bear Market
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By tradinglounge · Posted
FTSE 100 (UK) Elliott Wave Analysis - Trading Lounge Day Chart FTSE 100 (UK) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 5 Direction: North Next Higher Degrees: Gray Wave 3 (started) Details: Gray Wave 2 appears completed. Gray Wave 3 is now active. Wave Cancelation Level: 7,920.18 The FTSE 100 Elliott Wave Analysis for the daily chart outlines a bullish trend, showcasing a solid upward market movement. The mode of this movement is impulsive, meaning that the market is advancing with momentum in the direction of the dominant trend. Currently, the wave structure under focus is Gray Wave 3, which is progressing within the larger bullish sequence. At this point, the market is situated in Orange Wave 5, a component of the broader Gray Wave 3. The analysis suggests that Gray Wave 2 has concluded, marking the end of its corrective phase. Now, Gray Wave 3 is actively progressing, signaling continued upward momentum as the market enters the next impulsive stage. According to Elliott Wave Theory, Wave 3 is typically the strongest and most extended within an impulsive trend, suggesting further potential market gains. The next significant movement expected is Gray Wave 3, which adds to the expectation of sustained bullish momentum in the market. The current Orange Wave 5 further supports the notion that the market is in the advanced stages of this bullish push. The key invalidation level to watch is 7,920.18. A market drop below this level would invalidate the current Elliott Wave Analysis, necessitating a reevaluation of both the wave structure and the overall market trend. This invalidation point acts as a crucial marker for confirming the continuation of the upward movement. Summary: The FTSE 100 Elliott Wave Analysis for the daily chart reflects a bullish trend, with Gray Wave 3 and Orange Wave 5 in progress. The market is anticipated to continue its rise, driven by the strong structure of Wave 3. Traders should keep an eye on the invalidation level of 7,920.18 to verify the ongoing bullish trend. FTSE 100 (UK) Elliott Wave Analysis - Trading Lounge Weekly Chart FTSE 100 (UK) Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 5 Position: Navy Blue Wave 3 Next Lower Degrees: Navy Blue Wave 4 Details: Orange Wave 4 appears completed. Orange Wave 5 is now in progress. Wave Cancelation Level: 7,920.18 The FTSE 100 Elliott Wave Analysis for the weekly chart outlines an impulsive trend, indicating a strong upward movement in the market. The focus of this analysis is on the structure of Orange Wave 5, which is part of a larger bullish trend. Currently, the market is positioned in Navy Blue Wave 3, a significant phase in this impulsive trend. The prior phase, Orange Wave 4, is now considered complete, signaling the end of its corrective period. Orange Wave 5 is currently active, pointing to a continuation of the upward movement. According to Elliott Wave Theory, Wave 5 typically marks the final stage of an impulsive structure, indicating that the market might be nearing the end of its current bullish cycle. However, this phase can still deliver substantial upward momentum. Once Navy Blue Wave 3 completes, the next anticipated movement is Navy Blue Wave 4, which is expected to introduce a corrective phase before any further advances. This correction would come after the completion of the ongoing Wave 5, but until that point, the market is expected to continue its rise. The critical invalidation level for this analysis is 7,920.18. If the market dips below this level, the current Elliott Wave structure would become invalid, requiring a reassessment of the wave pattern. This level serves as a critical threshold for confirming the continuation of the upward trend. Summary: The FTSE 100 Elliott Wave Analysis for the weekly chart shows that Orange Wave 5 is currently unfolding, following the completion of Orange Wave 4. The market is positioned in Navy Blue Wave 3, with expectations of further upward movement. The invalidation level of 7,920.18 should be closely monitored to ensure the ongoing bullish trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
For the third time in a matter of 6 months, 3 stocks I hold have done a placing and retail offer and for the 3rd time IG are not participating. I contacted support the last 2 times and they said it is their third party that choses to participate or not. I have no doubt it is their 3rd party but when does it become time to look for another 3rd party? The company in this case is MPAC and they did this offer at a 3% discount. They are are 100 Million market cap company. The offer is at 400p and current share price is 25% above that as I write. This feel like the last straw for me but before I start researching other brokers that may suit me better, I was wondering if I have just got really unlucky or if this is a common thing for IG? As I tend to invest in the smaller end of the market, capital raises are common and needs to be part of the thesis. I am otherwise extremely happy with IG but this is a deal breaker so just wondering what other peoples experience is? -
By CryptoChamp · Posted
Cardano (ADA) has been struggling in 2024, with no clear signs of improvement as we enter Q4. Here’s a breakdown of the current situation and the ADA price prediction: 61% Decline Forecast: According to The Crypto Basic, some top traders are predicting a drastic 61% drop in ADA’s value. Potential Price Target: Analysts believe Cardano could fall to as low as $0.15 in the coming weeks. Market Sentiment Loss of Confidence: Despite Cardano's strong reputation for technology and long-term vision, short-term market sentiment is declining. Increase in Short Positions: Traders are focusing on shorting ADA, indicating that significant downward pressure may be ahead. Cardano’s Position Top 15 Cryptocurrency: Cardano remains one of the leading cryptocurrencies, recognized for its proof-of-stake (PoS) and Layer-1 blockchain capabilities. DeFi Solutions: It plays a crucial role in providing decentralized finance (DeFi) solutions and supports the development of decentralized applications (dApps). Recent Performance Price Decline: ADA has seen an 8% drop in price over the past week, trading at around $0.35. Daily Charts: The price has also recorded an 8% decline on daily charts, erasing many previous gains. Hope for a Comeback Potential for Recovery: Some analysts believe a rebound may be on the horizon. Final Buying Opportunity: The current dip could be seen as the last discount of the year, presenting a chance for investors. Bullish Price Prediction: There are optimistic predictions suggesting ADA could rally above $1 before the year ends. While Cardano may not be the most promising cryptocurrency at the moment, it still represents a good investment opportunity for those looking to enter the market. As it navigates through these challenges, investors are advised to keep a close eye on ADA’s performance.
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