GOLD has reached my short-term target of $1,925.62 selling 70% of my accumulation averaging $1,679.25. Similarly, the VanEck Junior Gold Miners ETF (GDXJ) reached my short-term target selling 50% of my accumulation averaging $27.96 GOLD: 14.63% profit of 10% portfolio equity GDXJ: 44.83% profit of 5% portfolio equity I am keeping liquidity in Gold as my...
Table of Content: 1. The World Bank 2. Jerome Powell 3. Mass Layoffs 4. Corporate Headline 5. Technical 1. The World Bank The World Bank has recently announced a slash in the forecast for global growth. This year's global growth forecast is reduced by nearly half, to just 1.7%, from its previous projection of 3%. It would be the third-weakest annual expansion...
Yesterday, the FOMC confirmed the backing of higher interest rates for longer. The market reacted negatively signaling negative sentiment on rate expectations for the following quarters. Federal Reserve official, Neel Kashkari, who often has the most dovish views on market anticipation stated that inflation may have peaked but sees interest rates rising higher for...
If you have been living under a rock for the past few days, unless you are not an economic savvy, the Bureau of Labor Statistics has released its newest Non-Farm Payrolls much above the expectation. The NFP rose by 263,000 last month, compared with an expected 200,000. At first, my reaction was that the FED will have to keep raising interest rates, especially as...
Why is the funding rate so important and significant in the cryptocurrency market? Funding rates are the costs to hold a position in the futures and options market. I visualize it as a sort of interest rate component within the funding rate. As the amount of longs surpasses the amount of shorts, longs are going to pay interest (funding rate) to the shorts, and...
Large volumes came after the break out. Fundamentals are showing an imbalance in supply/demand Technicals look to be overvalued and in resistance The market tone just became even more negative with E.U. threatening Musk This is for personal recording only
Macro trends, dynamic trends, macroeconomics, range levels, and volume, all indicate that prices will fall. For personal recording
Everything is said on the chart I will take profits along what I believe is the last run before a bear market, I still believe there are many positive factors that will positively affect FTM and the crypto market in the short term. Also; whales have accumulated "According to WhaleStats, Fantom (FTM) has been among the top ten tokens purchased by the top 100 ETH...
For those who took the trade or saw $FTM at top gainer “Oh boy, he’s finally waking up”. For those who do not know, $FTM has far clearly been a great project and super undervalued. For now I see that we can go higher up in the short-term based on its behavior. It’s seems to me that we are starting the 5th Eliot wave and the price could go much higher from new...
Dear Everyone, I hope on this day everyone is well! I want to share my analysis with the public to understand what has given me the evidence regarding the near future growth of $FTM. Why would it go up? - Technology adoption is increasing at an exponential rate ftmscan.com 10M transactions per month (50m total) 300k+ transaction...
If BTC holds, FTM will rise. 4h 50 - 200 EMA crossed a week earlier Breakout of wedge followed by a small retest Risky
Fantom recently released new partnerships with Middle Eastern governments, hence, the price did not reverse after reaching the ATH. As Fantom recently broke the Wedge structure, it is highly possible and healthier that it retest what is now a support level to eventually discover new price ranges. I suggest buying once the retest is clear as afterwards there is...
After deeply analyzing FTM's market behavior I came across a notable similarity from its previous consolidation. Fib. levels from the current consolidation are almost identically crossed, resisted, and supported by the previous consolidation's fib levels. Hence, I decided to retrace the market movements from both consolidations which both represent their actual...
The previous wedge broke out upwards then fell from resistance of 0.545. I was probably wrong with the timing of that wedge but directly after I saw huge support on a second wedge. The wedge above looks much better and is more loosen than the previous one. Previous wedge: $FTM NEWS: - Fantom is going to be the first...
This is just a possible outcome of the wedge breakout based on past behavior. The 3.6 trend fib at $3.1 for the new ATH might be exaggerated, however, my the past two wedge breakouts price hypothesis all reached the 3.6 trend fib before correcting. Possible representation of $FTM for the next few weeks.
Looking like some possible moves for FTM as the wedge broke out a few hours ago. Large volumes are coming in. If BTC picks up again we could see a good gains. MACD looking incredibly good! Net volume is consolidating. When VFI is below median range it is a good sign that it is...