BREAKING: 🇺🇸 Federal Reserve pauses interest rate hikes, remains at 5.25% - 5.50%.
Читать полностью…CPI Data and FOMC Today
🔹CPI data will come around 2:30 PM (GMT+2)
🔹If data is 3.4% or lower market will pump.
🔹if data higher then 3.4% market will dump.
🔹Chances of high CPI data is low
🔹Also FOMC Intrest rate decission will come at 8:00 PM GMT +2 today.
🔹No change is expected
🔹If CPI data is lower then there are chances that FED can cut Intreset rate in coming months.
Federal Open Market Committee (FOMC) meeting will be held on June 11-12, 2024 which will trigger volatility
Читать полностью…#AXSUSDT
Price formed a demand zone at 6.7 and has been surging by forming higher lows and higher highs. Price went above the pivot point, established a strong bullish momentum and breached R1 by forming a new high but then pulled back. Price might continue upwards because of strong bullish momentum and might be bought at discount prices.
https://www.tradingview.com/x/7jztOhw0/
#BIGTIMEUSDT
Target 2 has been reached.
Trade closed.
Profit: 2.39%.
https://www.tradingview.com/x/Sv7xYdI4/
#NEARUSDT Update
The trade is in profit. Price tried to rebound after breaching support but failed to break its previous high so most likely it will continue downwards.
https://www.tradingview.com/x/fnpBHgiP/
#ALICEUSDT
Target 2 done
Tabe closed
Profit: 2.68%
https://www.tradingview.com/x/qw91iaKj/
#XRPUSDT
We can see that the price formed a falling wedge and moved to the upside as expected. The asset moved up then fell and tested our demand area. The price pulled back up after forming a double bottom and is expected to trade in this area, testing our 1st resistance line before continuing it’s move towards 0.7490.
https://www.tradingview.com/x/8uWG3BcA/
#DOGEUSDT
The asset is currently moving in an uptrend, having tested our trend line multiple times and got rejected. The price then formed a double-top pattern and successfully started to decline. We expect the price to retest our line and move back up. However, if the price continues to fall and breaks below our support line we can expect bearish movements towards S1.
https://www.tradingview.com/x/C6vTV1tJ/
#SOLUSDT
Price was in an uptrend and reached 187.23 and formed a high above R1. Price then pulled back after profit was taken and retraced below the pivot point at 162.64. Price may regain ground if it goes above the pivot point and might continue to surge and break the resistance line and may stabilize the uptrend. If not, then the trend will reverse and the price will plunge to S1.
https://www.tradingview.com/x/AklUrOpU/
#DOGEUSDT
Long
Risk: 1%
Entry: 0.16775 (CMB)
Take-Profit: 0.19697
Stop-Loss: 0.14277
We can see here the price is in a strong uptrend because of the higher highs and higher lows it has been forming ever since it hit the 0.12082 low. Price formed a demand zone at 0.149 and surged massively, and broke the former resistance level which is now the pivot point at 0.16406. Price then pulled back below the pivot line making contact again with the demand zone and then regained ground. Price will most likely continue upwards from discount prices where liquidity will be gathered and might reach R1 and breach it
https://www.tradingview.com/x/ZIZvZRD9/
#ADAUSDT Update
Price rose to the resistance line and then plunged below the pivot point reaching our TP as we expected. Trade is now closed.
Profit: 0.69%.
https://www.tradingview.com/x/QFDHJJGA/
#POLYXUSDT
The asset is descending and showing bearish momentum after forming lower highs and lower lows. Price has currently intersected with our trend-line and is expected to fall back towards 0.20 area. If the prices manages to close above our line we can expect a change of movement and could potentially start a bullish trend.
https://www.tradingview.com/x/Cf5yOlB9/
#ORDIUSDT
Short
Risk: 0.5%
Entry: 38.20
TP: 36.01 / 34.61 / 32.87
SL: 40.67
Price is in a downtrend completing a pattern, if BTC loses 62100 this trade might be good for reaching scalp target in no time. If BTC reclaims 63.6k we look to close our trade if chance is given.
https://www.tradingview.com/x/RLhFq9ln/
#FOXYUSDT
Spot
Short
Risk: 1%
Entry: 0.0218519 (CMP) / 0.226648
Target: 0.0183783 / 0.0130888
Stop-Loss: 0.0240
The price has closed below the resistance level, indicating a bearish change of character. This breakdown is expected to lead to a collapse of the bearish structure, with a potential dragdown to the support. We plan to enter a short position around the resistance level, with a stop-loss above the resistance, aiming to capitalize on a downward move that breaks the structure and reaches the support zone.
https://www.tradingview.com/x/UKLAVnwE/
🚨 Major AI Coin Event Begins Today 🚨
The crypto world is buzzing with excitement as today marks the beginning of a significant event. Three prominent tokens, $FET, $AGIX, and $OCEAN, are merging to form a new token called $ASI.
Here’s what you need to know:
🗓 Event Start: Today, June 11. The merger will see $FET renamed to $ASI, with the process concluding on June 13.
🔄 Conversion Required: If you hold $FET, $AGIX, or $OCEAN tokens, you’ll need to convert them to $ASI tokens, each with its own conversion rate.
📊 Market Cap: The new $ASI token will boast a market cap of $7.5 billion, placing it among the top 20 cryptocurrencies.
🔹 $FET to $ASI: $FET will transform into $ASI with a supply of 2.63 billion tokens, starting at $2.82.
🔹 $AGIX and $OCEAN Conversion: These tokens will be converted at a rate of 0.433 to 1.
How the Token Exchange Works:
🔄 Base Token: $FET will become $ASI. An additional 1.48 billion tokens will be minted, with 867 million $ASI going to $AGIX holders and 611 million $ASI to $OCEAN holders.
🔄 Swap Dates: Starting June 11, you can swap $FET for $ASI tokens via the official token migration contract. $AGIX and $OCEAN swaps will be available from June 13.
The market sentiment is at Extreme Greed 75, reflecting high investor confidence and possible overvaluation. Selling or taking profits could be prudent, anticipating a potential market correction.
Читать полностью…Premium Membership
Interested in upgrading your trading experience? DM @WT_Support and come onboard.
#BIGTIMEUSDT
Spot
Long
Risk: 1%
Entry: 0.1800 (CMP) / 0.1649
Target: 0.2088 / 0.2480
Stop Loss:0.1510
The price is currently declining and is in the lower part of the trend. Both the breakout and the retest of the trend have been successful. Additionally, it has undergone a successful change of character and is poised for a move to the point of interest and resistance. Will place a buy order around the higher low zone and set a stop-loss below the lower low to manage risk.
https://www.tradingview.com/x/1r01lvZQ/
All signal are still valid and safe. A shakeout of weak hands and high-leverage traders is expected during weekend. We will let you know if there is any change of an initial plan.
Open Trades:
#AGIXUSDT
#AVAXUSDT
#AKROUSDT
#BIGTIMEUSDT
#NEARUSDT
Short
Risk: 1%
Entry: 7.419 (CMP)
Take-Profit: 6.585
Stop-Loss: 8.065
Price reached 8.484 and was rejected from the resistance line, hence it formed a supply zone. Price started to form lower lows and lower highs and then plunged below the pivot point. Price reached S1 and performed a pull back but might not be efficient, so most likely it will go below the support line and form new lows.
https://www.tradingview.com/x/QXMZdvTv/
#DOGEUSDT Update
Trade closed at BE. Price failed to break above the previous high so we will wait for further confirmation before entering another potential long.
https://www.tradingview.com/x/yugLCy0M/
#ZILUSDT
Price was forming lower highs, indicating a bearish movement before dropping rapidly from 0.3300 levels. The asset is now trading between 0.2480 and 0.02165. We expect the price to move up towards area of supply and then to start pulling back. However if price breaks below support we can expect further downward movement.
https://www.tradingview.com/x/YN1P3rQz/
#LINKUSDT
Price witnessed a sudden drop from 17.53 levels and reached current support area. Price then moved up and is now testing our indicated resistance level. We expect the asset to drop and pullback around 15.530 before continuing its move to the downside.
https://www.tradingview.com/x/eZwPrg1h/
#LINKUSDT Update
Price plunged below the pivot point as we expected but then reached support and reversed upwards missing our TP by a 1.3% move and resulting as a loss.
Loss: 0.5%.
https://www.tradingview.com/x/wofk50df/
#ICPUSDT Update
Price might pull back at the pivot point but it will most likely form a lower high and continue to plunge further below support. Kindly move your Stop-Loss to the Break-Even Point in order to have a risk-free trade.
https://www.tradingview.com/x/DKfp7DnW/
#OMUSDT
While waiting for the target, Will be moving the stoploss to 0.7587 for a risk-free trade.
https://www.tradingview.com/x/6792W26P/