Phaver has been a trending social app but can it reach the heights?
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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective position: Wave ((Y)) Direction Next higher Degrees: wave IV Wave Cancel invalid level: Details: The decline of wave IV is likely to end and the price is re-entering the uptrend. Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: It looks like the wave IV correction is complete and the price is still likely to move up. Look for an opportunity to join the wave V uptrend. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum. Elliott Wave Analysis TradingLounge H4 Chart, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD 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: Wave (2) is likely to end and the price is re-entering the uptrend. Bitcoin/ U.S. dollar(BTCUSD)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. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here! -
By cryptomaga · Posted
How do you guys even make any thing from trading? I understand that my trading ideology was wrong because I felt once I understand and predict the market then I should profit but I guess you just have to wait for the market to play out. Do I need to put more time in understanding technical analysis? Candlestick, Dojis, Fibonacci, SMC, and other jargon continue to confuse me, how do you guys understand this? Could it be that my risk management strategy is wrong? My ambition is to join some trading competition to challenge myself, learn and develop new skill from there but will that help me? Should I join the Futures Elite trader challenge on Bitget or do you have another campaign I can showcase my little knowledge. -
By CryptoChamp · Posted
Chainlink (LINK) has made headlines as one of the top altcoins, soaring over 50% in the past year and maintaining a trading position above the $10 mark. This growth reflects its vital role in connecting smart contracts with essential off-chain data, leading many to consider their LINK price prediction as a critical factor in future investment strategies. Recent Market Challenges However, the past 30 days have brought some challenges. LINK has seen a 7% decline, largely due to a broader market downturn and a shift in investor interest toward new altcoins and exciting ICOs. With many seeking bigger returns, Chainlink is facing tough competition. Current Performance At the moment, Chainlink is trading at $11.46. Despite a minor increase of 0.07% in the last day, it has surged by 7.77% over the past week, indicating some positive momentum. Integration with Bitcoin ETFs One of the exciting developments for Chainlink is its integration with spot Bitcoin ETFs. This partnership ensures that token minting only occurs when there are enough Bitcoin reserves, enhancing transparency and trust in the system. Eli Ndinga from 21.co emphasizes how this integration sets a new standard for tokenized products. Chainlink's role in this space shows its lasting impact on the crypto market, even amidst changing trends.
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