Federal Reserve Cuts Interest Rates to 5% | Elliott Wave Analysis of Major Stock Indices
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Hey everyone, I wanted to share my thoughts on the exchange recent announcement regarding the compensation plan following the unexpected BGB flash crash on October 7, 2024. Like many of you, I was caught off guard when BGB's price suddenly dropped over 50% from $1.2 to around $0.53 within just 15 minutes. It was a pretty stressful moment, but I was relieved to see the platform quick response. Immediate Action and Transparency The exchange immediately announced that they would fully compensate users for any losses incurred during the crash. They promised to release a detailed compensation plan within 24 hours and complete the process within 72 hours. So far, they've provided clear instructions on how to claim compensation and have been keeping us updated throughout the process. Awaiting Compensation While I haven't received my compensation yet, I'm optimistic given the platform proactive approach and commitment to user satisfaction. The detailed plan they shared looks promising, and I'm confident that they will follow through on their promises. It's reassuring to see the exchange taking responsibility and ensuring that users like me won't suffer financial losses due to the volatility. Looking Forward The exact cause of the flash crash is still being investigated, but Bitget swift and transparent handling of the situation has definitely strengthened my trust in the platform. in the future. Overall, I'm impressed with how they have managed the situation so far. -
By Cryptowarrior · Posted
As of now, ****'s Price is trading at $0.00002112 as per Coinpedia Markets data , with a market capitalization of $1.6 billion. Notably, it has experienced a 12% increase in value over the last 24 hours. Its trading volume has surged by 139.28%, making **** the 26th highest volume cryptocurrency globally. This significant rise in volume highlights the growing interest in ****, leading many to consider its future trajectory and Bonkprice prediction. Strong Position Among Peers BONKPrice performance is particularly remarkable compared to other cryptocurrencies with similar market caps. It ranks higher in trading volume, indicating strong investor interest. This enthusiasm may pave the way for further price increases as market conditions appear favorable for its ontinued growth. Recent Updates in the Ecosystem its ecosystem is evolving, marked by recent updates that enhance its user experience. The coin’s website has been revamped to feature a cleaner, more user-friendly interface, moving away from its initial meme-focused branding. Moreover, it has entered into several promising partnerships, suggesting a positive trajectory for its future. Emerging Partnerships While details about these partnerships remain under wraps, they signal an ongoing transformation within it's ecosystem. This evolution could provide additional momentum for the coin as it seeks to establish itself in the market. Technical Analysis From a technical perspective, it shows encouraging signs. It recently formed a falling wedge pattern, a setup that typically leads to upward movement. Following this pattern, it has successfully broken out and is currently experiencing upward momentum. This breakout is seen as a bullish signal, affirming the asset's potential for growth. Opportunities for Investors Traders who entered early are already reaping the rewards, but there may still be opportunities for new investors to join in. As it enters this expansion phase, technical indicators suggest potential gains of 70-80%. Key resistance points are important for profit-taking, and traders should keep a close eye on these levels to effectively manage their positions. In summary, BonkPrice is demonstrating strong performance and investor interest. With a revamped ecosystem and promising technical signals, the future looks bright for this cryptocurrency. As always, potential investors should stay informed and consider market dynamics before making decisions. -
By tradinglounge · Posted
HERO MOTOCORP – HERO (1D Chart) Elliott Wave / Technical Analysis Function: Uptrend in a Larger Degree (Intermediate Degree in Orange) Mode: Motive Structure: Impulse Position: Minor Wave 5 (Grey) Details: Minor Wave 5 is advancing higher, with support against the 5040 level. Alternatively, Wave 5 might have finished below the 6400 mark. Invalidation Point: 5040 Hero MotoCorp Chart Technical Analysis and Potential Elliott Wave Counts: The daily chart for Hero MotoCorp suggests that Minor Wave 5 (Grey) is progressing upwards towards the 7310 mark, or it may have ended just below the 6400 level. The key support lies at the 5040 level, where Minor Wave 4 (Grey) terminated, helping to confirm if a peak has formed. Since the March 2022 lows around the 2150 level (Intermediate Wave (4) in Orange), the stock has rallied in five distinct waves (Minor Waves 1 through 5) up to the 6360 high. This rally could indicate the completion or ongoing progress of Intermediate Wave (5) in Orange. Additionally, Minor Wave 3 (Grey) included an extension in Minute Wave ((iii)) between the 2245 and 5921 levels. Following this, Minor Wave 4 retraced to 5040, and bulls have since pushed higher to potentially complete Minor Wave 5, part of Intermediate Wave (5) in Orange. HERO MOTOCORP – HERO (4H Chart) Elliott Wave / Technical Analysis Function: Uptrend in a Larger Degree (Intermediate Degree in Orange) Mode: Motive Structure: Impulse Position: Minor Wave 5 (Grey) Details: Minor Wave 5 is advancing higher, with support against the 5040 level. Alternatively, Wave 5 could have ended below the 6400 mark, as the rally between the 5040 and 6350-6360 levels can be subdivided into five waves. Invalidation Point: 5040 Hero MotoCorp 4H Chart Technical Analysis and Potential Elliott Wave Counts: The 4-hour chart for Hero MotoCorp details the internal waves within Minute Wave ((v)) of Minor Wave 3 and beyond. Minor Wave 4 unfolded as an ((a))-((b))-((c)) corrective wave, where Wave ((b)) formed a triangle, and Wave ((c)) ended as a diagonal around the 5040 level. Conclusion: Hero MotoCorp is either continuing with Minor Wave 5 of Intermediate Wave (5) in Orange towards 7310 or has already completed Wave 5 around the 5360 level. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here!
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