- 0
-
Posts
-
By CryptoChamp · Posted
Solana (SOL) recently dropped from $180 to $160, possibly due to profit-taking or broader market trends. However, with Bitcoin's rise, Solana price could potentially surge to $1,000 in the future. Current Solana Price and Key Support Levels Price Status: Solana price today is trading in the $160 range, maintaining a level above critical moving averages as per Coinpedia Markets. Support Levels: SOL is currently above the 50-day SMA ($153.30) and 200-day SMA ($151.40), which are key support levels. Holding above these could be a good sign of a potential price recovery. Temporary Downtrend: Despite the dip, trading above these support levels suggests that this downturn might only be temporary. Bullish Solana Price Prediction from Analysts Analyst View: Crypto analyst Bhr Investor believes Solana could reach between $650 and $1,000 in the next bull run. Market Conditions: Bhr Investor emphasizes that more candlestick patterns are needed to confirm this prediction, and he’s closely watching for signs of upward momentum. Growth Outlook: If the market shifts positively, the potential for Solana to soar is strong, backed by its position and market dynamics. Rising Network Activity on Solana Increased Usage: Solana’s network is seeing increased usage, which positively affects its fees. Outperforming Ethereum: Recent data from DeFiLlama shows that Solana briefly surpassed Ethereum in daily network fee generation. Raydium's Role: This surge is largely due to high activity on Raydium, Solana’s leading decentralized exchange, which brought in over $3 million in a single day through fees. Long-Term Impact: With increasing adoption and usage, Solana’s utility is expanding, which could support a steady price climb. Price of Solana vs. Ethereum Ethereum's Position: Although Solana briefly outpaced Ethereum in network fees, Ethereum still holds the lead with $2.72 million in fees over the last 24 hours. Close Race: The margin between the two networks is narrowing, and Solana’s expanding activity could continue to close the gap, boosting its reputation in the DeFi space. Final Thoughts: Is Solana a Good Investment? Potential for Growth: Despite recent price drops, Solana has strong growth potential. As its network activity increases, the price of Solana may see upward momentum. Future Outlook: With experts forecasting a Solana price range of $650 to $1,000 in the next bull run, the long-term outlook appears promising. Bullish Sentiment: Prominent crypto enthusiasts like Evan Luthra are bullish on Solana, seeing it as one of the top coins to watch alongside Bitcoin and Ethereum. -
By tradinglounge · Posted
ITC LTD – ITC (1D Chart) Elliott Wave Technical Analysis Function: Counter Trend (Minor degree, Grey) Mode: Corrective Structure: Impulse within larger degree corrective wave Position: Lower degree impulse might be complete. Not labelled yet. Details: We have proposed a potential change in the trend as price action confirms a break below 480 last week. A lower (Minute) degree impulse wave might be complete but not labelled yet. Will highlight an alternate count when price action is relevant. Invalidation point: 530 ITC Daily Chart Technical Analysis and potential Elliott Wave Counts: ITC daily chart is indicating a potential termination of Intermediate Wave (5) Orange at 530 high. If correct, a corrective wave should be now underway with prices dropping through 400 levels in the past few trading sessions. Alternatively, Minor Wave 4 of (5) is now complete around 470 mark. The stock had dropped through 135 lows around March 2020, which is followed by a religious rally through 530 high completing an impulse at Intermediate degree. Please also note that Minor Wave 3 of Intermediate Wave (3) was extended. Intermediate Wave (4) terminated around 400 mark, followed by a rally through 530 to terminate Intermediate Wave (5). If the above holds well, ITC should be well underway lower to produce a larger degree corrective drop. ITC LTD – ITC (4H Chart) Elliott Wave Technical Analysis Function: Counter Trend (Minor degree, Grey) Mode: Corrective Structure: Impulse within larger degree corrective wave Position: Lower degree impulse might be complete. Details: We have proposed a potential change in the trend as price action confirms a break below 480 last week. A lower (Minute) degree impulse wave might be complete but not labelled yet. Alternatively, the high registered at 530 could be Minor Wave 3 followed by Wave 4 around 470. If the alternate turns true, the stock could witness another high above 530 going forward. Invalidation point: 530 ITC 4H Chart Technical Analysis and potential Elliott Wave Counts: ITC 4H chart reveals sub waves since Intermediate Wave (4) Orange termination around 400-05 mark. Intermediate Wave (5) could be sub divided into Minor Waves 1 through 5 to terminate around 530 level. Alternatively, Minor Wave 4 is no complete around 470 and prices could produce another rally above 530 mark. Conclusion: ITC might have terminated Intermediate Wave (5) Orange around 530 mark and a larger degree corrective wave is now underway. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
Gold Elliott Wave Analysis It appears the current Gold pullback is completed and the commodity could be set to continue the all-time bullish trend to a fresh record high. From the Elliott wave theory perspective, Gold is expected to rally further to 2800 and beyond before the next pullback starts. Daily Chart Analysis On the daily chart, Gold completed the cycle degree wave II in October 2023 at 1810. Thus, the current bullish cycle can be traced to that date. Currently, the price is in wave ((iii)) of 5 of (3) of ((3)) of III. This indicates that Gold still has the potential to rally another 30-50% from the current price. Thus, buyers should be interested in buying pullbacks. H4 Chart Analysis On the H4 chart, the price is in wave (iv) of ((iii)) which appears to have finished or may do a double zigzag if the current bounce from 2701 is corrective. A zigzag structure has been completed and the next price action will determine whether recovery for wave (v) of ((iii)) will happen or wave (iv) will drop lower in a double zigzag structure. Whichever is the case, Gold is expected to continue to the upside to complete wave ((iii)) before the next pullback in ((iv)) starts. Technical Analyst : Sanmi Adeagbo Source : Ttadinglounge.com get trial here!
-
Question
Heavyweight_Prop
Hi pretty worrying site to see IG quoting 31 USDs a full 5 dollars over the futures market pricing??
Whats going on with the quote here?
I have DMA access as I trade futures, how comes your quoting pricing way way way way above actual market, this has got to be near fraudulent?
Link to comment
3 answers to this question
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