GOLD H1 Analysis | ShortHello, everyone!
I’m excited to share my analysis for today on XAU/USD. As we dive into the market, I see a potential opportunity to go short, and I want to walk you through my thought process. It’s crucial to approach trading with a clear strategy, so let’s break this down together!
Market Overview
Gold has always been a safe haven asset, and its movements can be influenced by various factors, including economic data releases, geopolitical events, and changes in interest rates. As we analyze the current market conditions, I believe that there’s a compelling case for a short position.
Technical Analysis
Upon reviewing the latest charts, we’ve identified several key resistance levels that indicate a strong potential for downward movement. Look at the price action over the last few days—there’s been a noticeable rejection at the higher levels, suggesting that sellers are stepping in.
Resistance Level: We've observed a solid resistance at , which has held firm against bullish attempts.
Support Levels: Watch for potential support around . This can help us manage our risk effectively.
Risk Management
As we consider entering a short position, risk management is paramount. Remember, no trade is worth compromising your account. Here are some guidelines:
Position Sizing: Determine your risk per trade based on your total account balance. A common approach is to risk no more than 1-2% on any single trade.
Stop Loss: Set a stop loss just above the resistance level to limit potential losses.
Risk-Reward Ratio (RRR): Aim for a minimum RRR of 1:2 or 1:3. This means for every dollar you risk, you should target at least two or three dollars in profit.
Conclusion
In conclusion, while the technical indicators suggest a good opportunity to short XAU/USD, it’s essential to proceed with caution. Always adhere to your trading plan, utilize proper risk management techniques, and maintain discipline.
Let’s work together, share insights, and keep each other accountable as we navigate this market. If you have any questions or additional thoughts on this analysis, feel free to share!
Happy trading, everyone! 💰📉
Telegram
NOT best level🔍 **NOT/USDT Technical Analysis - Opportunities and Challenges**
📉 **Current Trend:** The price is moving within a descending channel, indicating overall weakness in the trend. However, it seems to have reached a strong support level that could be a turning point. 📊
🔵 **Key Support Level (0.00734):**
This support level, marked with a blue zone, has historically shown price reactions. There's a high probability of a price rebound from this area, which could create a good buying opportunity if the price stabilizes here. 💪
📈 **Potential Upside Move:**
There are several key resistance levels for potential price targets:
1️⃣ **First Resistance: 0.01272** - A break above this level would indicate confirmation of an upward trend.
2️⃣ **Second Resistance: 0.01733** - A stronger resistance level that the price may reach with increased demand.
3️⃣ **Third Resistance: 0.02639** - The final target and highest level in this analysis, which could be reached if the previous resistances are broken.
⚠️ **Risk Management:**
While there’s a good opportunity to enter the trade at current levels, risk management should always be a priority. If the price fails to hold this support level and drops below it, the downtrend may continue. 📉
🚀 **Conclusion:**
This analysis suggests that the 0.00734 level is a crucial point for a price reaction, and a potential upside move could lead to the mentioned targets. The best strategy is entering at support levels and carefully managing risk. ✨
TON: The Perfect Entry For Those Who Missed The Pump!TON has seen some serious volatility as of late. The founder, the CEO of Telegram, recently got arrested in France, which send the token down.
For investors who missed the boat before, this is a great chance to step in. TON has arguably the biggest app for communication behind it, so there's still room for growth once Telegram incorporates TON into it's application on a deeper level.
Looking at the chart, the most logical place to buy would be from the bottom diagonal support. I put the entry at 4$ as a guide, but feel free to move it up or down depending on where the price touches the support level.
NOT/USDT: POTENTIAL FALLING WEDGE PATTERN! ACCUMULATE HERE!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
NOT/USDT looks good here. It is forming a falling wedge-like structure in the daily time frame and currently hovering near the lower trendline of the wedge. It is a good area to accumulate some on the spot or with low leverage.
Entry range:- $0.0070-$0.0076
Target:- 150-200%
SL:- $0.006(For leverage)
What are your thoughts on NOT's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
TON Analysis - What Shall we Expect !!!OKX:TONUSDT
The weekly candle close of the under the midline it means price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase. also 4.3$ is a good support for TONCOIN .
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
DOGS Analysis==>>Pumping +20%/+30%Today, I want to analyze the DOGS Telegram project for you. The DOGS token has been listed in various exchanges for less than three days, and its great popularity caused a six-hour interruption on the TON blockchain .
But the bad luck of the DOGS project is that its listing coincides with the arrest of Pavel Durov (the founder of Telegram) in France .
What is the DOGS!?
Dogs Community is a vibrant, community-driven initiative built on the TON Blockchain, designed to leverage Telegram's vast user base and native meme culture. Centered around a beloved dog mascot originally created by Telegram's founder, the project aims to introduce millions to blockchain technology through tokenized stickers, fostering a fun and engaging ecosystem with a focus on community ownership and fair rewards distribution.
Due to the fact that the DOGS token has been listed for less than 3 days , there are few candles visible in the chart, but I will try to show you the support and resistance zones and if you intend to buy or sell the DOGS token You can decide better.
DOGS is currently moving near the Support zone($0.00135-$0.00128) and Support line .
According to Elliott's wave theory , the DOGS token seems to be completing the main wave 4 .
I expect DOGS to go UP to $0.00165 at least.
Note: The increase or decrease of the DOGS token can be directly related to Pavel Durov's court case.
Note: If DOGS goes below the Support zone($0.00135-$0.00128), we should expect further corrections to this token.
Do you have the DOGS token or not❗️❓ Did you sell it or do you want to keep it❗️❓
DOGS Analyze (DOGSUSDT), 15-minute time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BNB VS TON Friends, let's take a look at the market situation for two popular cryptocurrencies — BNB (Binance Coin) and TON (Toncoin). The charts show that both coins have very similar price movement structures, which could indicate potential opportunities.
If we analyze the mechanisms of these coins, they are almost identical, but the TON chart lags behind BNB. Despite the news about Telegram, I see a lot of potential in the TON coin and expect its price to exceed $10 this fall. I’ve shown why I believe this on the chart.
Phemex Analysis #16: TON - A Calculated Dip or a Risky Gamble?The recent turbulence surrounding Telegram has undoubtedly impacted the TON market. While the potential for a rebound exists, it's crucial to approach this situation with caution and a well-informed strategy. For investors who believe in TON's long-term prospects, understanding key technical support levels can provide valuable insights for potential entry points.
Support Levels
$4.60: A historically strong support level, indicating potential buying interest at this price.
$3.30: While untested, it could offer robust support based on past performance.
$2.15: This is the most critical support level. A break below this could signal a more extended downtrend.
Entry Strategies
Higher Probability: Purchasing slightly above the support level can increase the likelihood of a successful entry, but it also carries a higher risk.
Lower Risk: Buying at or below the support level offers a more conservative approach, but it may involve potential slippage or missed opportunities.
Additional Considerations
Bitcoin's Influence: Keep a close eye on Bitcoin's price, as it often sets the tone for the broader cryptocurrency market.
Telegram's Founder: News related to Pavel Durov, the founder of Telegram and TON, can significantly impact the price.
Conclusion
While TON's long-term potential remains promising, the current market conditions demand a cautious approach. Conduct thorough research, consider your risk tolerance, and utilize technical analysis to make informed decisions.
Note: Have you tried Phemex’s Multiple Watchlists yet? We’re the first crypto exchange to offer fully customizable watchlists, allowing you to rename, rearrange, and even place basket orders on all the coins within your lists.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
TON Toncoin the next FTX/ LUNA ?! CEO Pavel Durov Arrested ! If you haven`t bought TON before the brekout:
Now the recent arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the cryptocurrency world, particularly concerning the future of TON coin.
Durov's arrest stems from allegations by OFIM, a French national police office, accusing him of complicity in crimes such as drug trafficking, distribution of child sexual abuse material (CSAM), and fraud due to Telegram's lack of moderation.
This development raises serious concerns about TON coin's stability. Investors fear a sharp decline, drawing parallels to the collapses of FTX and LUNA, which suffered massive selloffs following high-profile scandals involving their founders.
With Durov as the face of Telegram and a key figure in the TON ecosystem, his legal troubles could significantly erode confidence in the cryptocurrency.
The arrest could lead to increased regulatory scrutiny of Telegram, potentially causing further issues for TON coin.
In the short term, investors should brace for potential volatility, as the risk of a selloff looms large.
The future of TON coin now hinges on how Durov's legal situation unfolds and whether Telegram can withstand the resulting pressures.
NOT - Expecting a reversal from support#NOT/USDT #Analysis
Description
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+ Price is consolidating in the support zone for a while now.
+ Seems like long term trend will reverse and expecting a breakout from here.
+ A strong reversal can easily break the resistance line and head towards new ATH
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VectorAlgo Trade Details
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Entry Price: 0.01310812(After breakout)
Stop Loss: 0.00904266
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Target 1: 0.01417381
Target 2: 0.01740184
Target 3: 0.02217319
Target 4: 0.02542342
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Timeframe:12H
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
TON - Raising to the moon#TON/USDT #Analysis
Description
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+ Price has successfully reversed from the support zone and we are seeing a strong bullish trend.
+ i'm expecting to see a minor pull back before hitting the resistance zone.
+ I see a good opportunity for long trade here.
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VectorAlgo Trade Details
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Entry Price: 6.6
Stop Loss: 5
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Target 1: 7.2
Target 2: 8
Target 3: 10
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
TON Coin AnalysisToncoin (TON), has seen remarkable price appreciation from February to July 2024. The TON token price surged from $2.2052 on February 15, 2024, to an all-time high of $8.2889, representing a 375.8% increase. By February 28, 2024, the rally had started, creating significant higher highs and lower lows.
The price appreciation can be attributed to several factors, including the growing adoption and usage of the TON network, the successful launch of the Open League incentives program, and the integration with Telegram's large user base. Additionally, the partnership with Tether to release $60 million of USDT on the TON blockchain has further bolstered the network's credibility and utility. In February, Telegram announced ad revenue sharing, which splits profits 50/50 with channel owners. Most importantly, the revenue is paid out in TON’s native token, Toncoin, and facilitated through the network, further increasing the trading volume.
On the one-day timeframe, TON is forming a rising wedge, which is a sign of a potential bearish reversal. Although there is room for hitting a new all-time high (ATH), we can expect TON to break down from the wedge if no other external factors are involved.
Examining the oscillators in the same timeframe, the Relative Strength Index (RSI) stands at 50.5635, forecasting a neutral sign. However, the MACD level (12, 26) stands at 0.0150, signaling a bearish shade. Moving averages, both SMA and EMA on larger periods, indicate a bullish trend, while the lower periods indicate bearish signals.
Pixelverse(PIXFI) is Ready to PUMP==>>+30%Hi everyone, I hope you have a great weekend.
Finally, the Pixelverse project's Telegram game token(PIXFI) was listed in several reputable exchanges about three days ago and experienced an almost +450% increase (it was a good start).
Let's take a look at the PIXFI token chart .
PIXFI managed to break the Resistance zone and the Downtrend line .
According to the Elliott wave theory , this 450% increase in PIXFI Token has been dominant in 5 impulsive waves and is currently completing corrective waves .
From the point of view of Classical Technical Analysis , forming an Inverse Head and Shoulders Pattern is possible, and it can be a sign of an increase in the PIXFI token .
Considering that the PIXFI token broke the Downtrend line , I expect the PIXFI to have at least a +30% price increase .
Pixelverse(PIXFI) Analyze (PIXFIUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
How to double your Bitcoin with TONBTCThe long term analysis on TONBTC shows a completion of a 440 days of an ABC correction. Based on the Elliott Wave pattern we expect a continuation of an uptrend, and potential completion of a major wave 3 to the upside.
The nearest upside target is 80% away, which allows nearly double the Bitcoin value.
What do you think of this setup?
How to Send Alerts from Tradingview to Telegram I found a new way for sending alerts from tradingview to telegram channel or telegram group by using webhook. I’ve been looking for a while and most of the ways had problems. Some of them had delays in sending the alerts and were not secure because they were using public bots. Some of them required money and were not free. Some of the ways needed coding knowledge. The way I recommend does not have these problems.
It has three simple steps:
1. Creating a telegram channel or group;
2. Creating a telegram bot by using botfather;
3. Signing in/up in pipedream.com.
I made a video for presenting my way. I hope it was helpful and if you have any questions make sure to comment so I can help you.
Thank you!
Toncoin bullish ascending triangle on 15 minute chartTONCOIN targeting $7.90 and then $8.30 resistance after breaking the Ascending Triangle at the $7.66 level. This is all inside the short-term channel and supported by Fibonacci levels.
Bullish break out off horizontal support has happened.
The triangle is picture perfect with already one major breakout retest complete.
TON Past Return Rates
+1% in 7 days
+21% in 30 days
+55% in 90 days
+432% in 12 months
Toncoin | TON & TelegramTelegram's wallet users have the opportunity to buy, withdraw and exchange Bitcoin directly through a web interface, Toncoin (TON) has a positive reaction after the news.
The price of Toncoin is $2.29 today with a 24hour trading volume of 23 million dollar. This represents a 1.5% price increase in the last 24 hours and a 2% price increase in the past 7 days
Toncoin is a decentralized layer1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network". The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the PoS consensus model for network scalability and reliability.
Telegram users can buy and sell short recognizable usernames for personal accounts, public groups and channels on fragment website and using TONcoin for doing payments too
No one know crypto and crypto community better than Pavel Durov so be ready for more good news from Telegram
we have symmetrical triangle here which is bullish, 2.36 and 2.46$ are next targets