-
-
Posts
-
By Muhaammaadd · Posted
Sometimes, the complexities of the crypto space can be an obstacle in adoption but when DeFi options which users are acquainted with are presented, it breaks the ice and that is what Lista project seems to offering. Lista DAO is a decentralized stablecoin lending protocol designed for ease of use. Built on the BNB Chain, Lista offers users staking, liquid staking, and borrowing features with its lisUSD stablecoin by leveraging Proof-of-Stake (PoS). One key feature is liquid staking, where users can stake their assets and earn rewards while maintaining liquidity through liquid staking tokens (LSTs). Users can also borrow lisUSD against collateral and farm additional lisUSD for further yield generation. The protocol utilizes a dual token system (lisUSD and LISTA) to facilitate various functionalities like instant conversions, borrowing, and yield farming. The LISTA token listing is around the corner and their choice of CEX Bitget I believe will expose them to more communities and potential investors. -
By tradinglounge · Posted
Copper Elliott Wave Analysis Function - Counter-Trend Mode - Corrective Structure - Zigzag Position -Wave 4 Direction - Wave 5 Details - It appears wave 4 has been completed but we need a confirmation above 4.686 with an impulse break. Otherwise, the price could make a minor corrective bounce below the confirmation level and falter further. Copper prices are reversing upward, recovering from the sell-off that began on May 20, 2024. The broader picture indicates that this sell-off is a correction within the larger bullish cycle that started in October 2023. The current recovery, which began on June 18, 2024, has the potential to rise further and possibly break the high from May 20, 2024. Daily Chart Analysis: On the daily chart, a bullish impulse wave has been developing since July 2022, when copper hit a low of $3.13. This impulse wave is currently in wave (3). Specifically, wave 3 of (3) concluded at $5.192, and wave 4 of (3) likely ended at the low on June 18. We can anticipate copper prices to recover into wave 5, completing wave (3) above $5.192 before the next pullback for wave (4) occurs. The invalidation level for this wave count is at $3.975. H4 Chart Analysis: On the H4 chart, wave 4 appears as a double zigzag pattern. Wave a (circled) of 4 ended with an impulse structure, while wave c (circled) concluded with an ending diagonal pattern. A bullish confirmation would occur if the price breaches $4.686 with an impulse wave, indicating a strong likelihood of further recovery. Alternative Scenario: Alternatively, the decline on the H4 chart could be interpreted as an impulse wave. If this is the case, the current bullish recovery remains valid. However, we would not see a breach of the $5.192 high before the price resumes its downward movement to break below $4.379. Therefore, in both scenarios, copper prices are expected to maintain their current recovery to at least the $4.69-$4.788 range in the near term. Summary: Copper has been recovering from the sell-off that started on May 20, 2024, within the context of a larger bullish cycle that began in October 2023. On the daily chart, a bullish impulse wave has been forming since July 2022, with wave 3 of (3) completing at $5.192 and wave 4 of (3) likely concluding at the June 18 low. The price is expected to rise into wave 5, surpassing $5.192 before the next pullback for wave (4). The invalidation level for this wave count is at $3.975. On the H4 chart, wave 4 is identified as a double zigzag, with wave a (circled) ending in an impulse and wave c (circled) in an ending diagonal. Bullish confirmation would be a break above $4.686 with an impulse wave, signaling further recovery. Alternatively, if the decline is an impulse wave, the bullish recovery is still valid but without breaching $5.192 before dropping below $4.379. In either scenario, copper prices are likely to continue recovering to the $4.69-$4.788 range in the near term. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
ADI Elliott Wave Analysis Trading Lounge Daily Chart, Analog Devices Inc., (ADI) Daily Chart ADI Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor wave 3 DIRECTION: Top in 3. DETAILS: Looking for continuation higher towards medium level at 250$. We have a nice alternation between a sideways wave {iv} and a sharp wave {ii}. ADI Elliott Wave Analysis Trading Lounge 4Hr Chart, Analog Devices Inc., (ADI) 4Hr Chart ADI Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {v}. DIRECTION: Upside in wave {v}. DETAILS: We seem to have completed the correction in wave {iv} with a clear three wave structure. Looking for continuation higher into equality of {v} vs. {i} at 254$. Welcome to our latest Elliott Wave analysis for Analog Devices Inc. (ADI) as of June 19, 2024. This analysis provides an in-depth look at ADI's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on ADI's market behavior. * ADI Elliott Wave Technical Analysis – Daily Chart* In our Elliott Wave analysis of Analog Devices Inc. (ADI), we observe an impulsive trend pattern characterized by a motive structure. ADI is currently positioned in Minor wave 3, indicating a continuation higher towards the medium level at $250. The wave structure shows a clear alternation between a sideways wave {iv} and a sharp wave {ii}, which is a typical feature in Elliott Wave theory, suggesting healthy trend progression. Traders should monitor for the top in Minor wave 3 and the potential transition into wave {v}, which could offer opportunities for profit-taking or strategic adjustments to long positions. * ADI Elliott Wave Technical Analysis – 4Hr Chart* On the 4-hour chart, ADI continues to follow an impulsive trend mode within a motive structure, specifically in wave {v}. The recent correction in wave {iv} appears to have completed with a clear three-wave structure, indicating a possible resumption of the uptrend. The target for wave {v} is set at the equality of {v} vs. {i} at $254. Traders should look for confirmation of this upward movement as the wave {v} progresses towards the target level, which may present opportunities for entering long positions or adding to existing ones. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!
-
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now