ETH’s influence on ERC20 products like YFIInfluence on ERC20 Products
ETH’s influence on ERC20 products like YFI can be seen in several ways:
Liquidity: ETH’s large market capitalization and liquidity provide a foundation for ERC20 tokens like YFI to tap into, enabling efficient and reliable transactions.
Smart Contract Interoperability: ETH’s presence ensures that smart contracts, including those for ERC20 tokens like YFI, can interact seamlessly with each other and with the broader Ethereum ecosystem.
Developer Adoption: ETH’s widespread adoption and established developer ecosystem encourage the creation and development of new ERC20 tokens, including DeFi protocols like YFI, which in turn benefits from ETH’s infrastructure.
In summary, ETH’s influence on ERC20 products like YFI is indirect yet significant, providing a stable and liquid foundation for the Ethereum ecosystem and enabling the development and growth of #DeFi protocols like #Yearn.finance.
Cryptocurrrency
ARB/USDT Main trend. Pivot Points.Main trend. There is a lot of hype on this cryptocurrency in the Internet space. Although according to the graph especially profit in comparison with other similar HYIP altcoins is not. Take into account and “prices” and volume, at which this cryptocurrency got to the so-called early “investors”.
Secondary trend . Medium-term, the price is in an ascending channel.
Locally at this moment in time the price is at the horizontal consolidation of the local distribution. If the price does not break and consolidate above the resistance of 1.75, a downward flag to the lower boundary of the ascending channel may be realized.
Razloki and price . Note that there was an understandable decline during the last local breakout. The next breakout will occur on 04/16/2024, which is a few days before the bitcoin halving. It is very likely that there will be a decline.
The main support zones are highlighted in gray. Also, specially drawn a simple fan, so that were clear visually dynamic support and resistance zones of the most developing trend in the future, when the price will leave the channel zone.
Local trading situation. Clearly on the linear.
The marker shows the logic and percentages of this important local reversal zone, in case of its breakout or not. Also, the meridian of the channel (green dotted line) has local resistance. Although insignificant in this trading situation. Observe risk management working with HYIP cryptocurrencies.
Bullish breakout?ETH/USD is reacting off the pivot which acts as a pullback resistance level and could potentially breakout to the pullback resistance.
Pivot: 3,530.53
1st Support: 3,375.84
1st Resistance: 3,709.39
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Falling towards 38.2% Fibonacci support?Bitcoin (BTC/USD) is falling towards the pivot which acts as a pullback support and could bounce from this level to the 1st resistance which has been identified as a pullback resistance.
Pivot: 62,448.15
1st Support: 60,991.38
1st Resistance: 65,758.98
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal?Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse from this level to the overlap support.
Pivot: 3,277.65
1st Support: 3,064.76
1st Resistance: 3,357.92
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bitcoin (BTC) Chart Analysis (4-hour timeframe)This TradingView chart focuses on a potential support level at $54,473.49 for Bitcoin (BTC) on a 4-hour timeframe. While lacking technical indicators, the price at $59,712.68 might suggest a downtrend or buying opportunity near the target price.
Key Points:
Timeframe: 4-hour chart
Current Price: $59,712.68
Target Price: $54,473.49 (potential support level)
Indicators: Not included (consider adding for stronger analysis)
Disclaimer: Technical analysis has limitations. Past performance doesn't guarantee future results. Conduct your own research before making investment decisions.
BTTC/USDT Secondary trend. Wedge.Logarithm. Time frame 3 days. Locally, a descending wedge is forming, almost in its final phase. Note that the trading volume is minimal, and is decreasing.
🟢If there will be its breakout — the local potential is shown. That is fractal repetition of the movement as before.
🔴Breakthrough down to the lower zone of the channel — to begin with the rebound of the right shoulder of the big head and shoulders, to the meridian of the channel, and there it will be seen...
Linear, for greater clarity, without market noise.
Local. Time frame 1 day.
Bitcoin Outlook ICT Concepts💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🔍 Identifying Key Levels
The chart highlights several significant levels and zones that influence the current market behavior:
• PMH & PML: Previous Month High and Low, serving as significant resistance and support levels.
• Weekly FVG: Weekly Fair Value Gap, indicating areas of market imbalance.
• Minor BSL & SSL: Minor Buy-side and Sell-side Liquidity, points where traders place their buy and sell orders.
• IFVG: Inversion Fair Value Gap, indicating a shift in market sentiment.
📊 Key Considerations
• PML and SSL Swept: The price ran through the previous month low and the sell-side liquidity, as anticipated from the previous analysis.
• Respecting Weekly FVG: The price respected the weekly Fair Value Gap at the bottom of the chart, indicating strong support.
• Creation of IFVG: The creation of the Inversion Fair Value Gap (IFVG) signifies a potential shift in market sentiment.
• Consolidation and Liquidity Creation: The current market is consolidating and creating liquidity, setting up potential future moves.
📈 Bullish Scenario
Given the recent price action and key considerations, the bullish scenario is favored:
• Consolidation Phase: The price is currently in a consolidation phase, creating liquidity in the market.
• Targeting Minor Liquidity Levels: The price is expected to reach any of the minor buy-side or sell-side liquidity levels.
• Positioning Based on Minor Liquidity Levels: After reaching the minor liquidity levels, traders can look for potential positions based on the market's reaction.
📈 Lower Time Frame Confirmation for Bullish Scenario:
• Create Low Resistance Liquidity: On a lower time frame (e.g., 1-hour or 15-minute chart), look for the creation of low resistance liquidity (LRL). This typically appears as small retracements or consolidations within the larger bullish move.
• Identify Key Entry Points: Use these LRL zones as potential entry points for long positions, targeting higher time frame resistance levels.
📉 Bearish Scenario
While the current sentiment appears bullish, a bearish scenario should also be considered:
• Failure to Hold Weekly FVG: If the price fails to hold above the weekly Fair Value Gap, it may revisit lower support levels.
• Break of Minor SSL: A break below the minor sell-side liquidity levels could signal further downside movement.
📉 Lower Time Frame Confirmation for Bearish Scenario:
• Create Low Resistance Liquidity: On a lower time frame, look for the creation of low resistance liquidity zones. These appear as small rallies or consolidations within the larger bearish move.
• Identify Key Entry Points: Use these LRL zones as potential entry points for short positions, targeting lower time frame support levels.
📊 Chart Analysis Summary
The market respected the weekly Fair Value Gap at the bottom of the chart, creating an Inversion Fair Value Gap ( IFVG ) and leading to an expansion higher, as anticipated. Currently, the price is in a consolidation phase , creating liquidity in the market. The expectation is for the price to reach any of the minor liquidity levels, after which traders can look for potential positions based on the market's reaction. The key levels and zones identified in the chart will play a crucial role in determining the future price direction. Understanding these key levels and the current market behavior helps in making informed trading decisions.
🙏 Thank you for joining us!
Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
SHORT KLAYUSDT🔴Short daytrade position on KLAYUSDT
The price has been in a sideways trend and is now starting a new trend. If the price retraces back to the 50% Fibonacci level of the new Trend, it presents a great opportunity to enter the trade. This retracement level often acts as a strong support/resistance zone, offering a favorable risk-reward ratio for the trade setup.😊
⚠️Only when Price enters the risk reward position timezone is considered.
Bearish drop?Bitcoin (BTC/USD) has reacted off the pivot which has been identified as an overlap resistance and could fall to the pullback support.
Pivot: 59,322.72
1st Support: 54,314.81
1st Resistance: 61,694.13
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could ETH/USD bounce from here?Price is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance.
pivot: 3,065.70
1st Support: 2,877.70
1st Resistance: 3,273.35
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ETC/USD Main trend. Fractal cyclic structureLogarithm. Time frame 1 week. The main trend.
Duplicated on the exchange OKX, a little added to understand the logic and accuracy, as on the exchange poloniex, there is no liquidity. If something happens to have an idea on a more liquid exchange. As this cryptocurrency is interesting.
Major trend. Channel. Publication 01 2023
Linear Now in Moment.
Local now at the moment.
Locally. Let me remind you that from the main zone of the cryptocurrency set (horizontal channel) the average price is now exactly +84%. Compared to other assets, during the transition from the accumulation phase to the participation phase (Dow), the price did not increase very much compared to other cryptocurrencies. That is, a conditionally lagging asset.
A triangle is forming . In a localized rising set trend. From this zone, about 40-50% left to the rounded bottom resistance zone (final accumulation phase).
Then it will be business as usual, on stocks or liquid cryptocurrencies. Breakout of resistance, perhaps not immediately, but that's not the point. After breakout, consolidation, then re test and news negative/positive. Confirmation, and the beginning of strong, conditionally irrevocable impulsive movements into the zone of “news perspective of this blockchain”.
This is when ETH will be above or near $10,000. This will be its first consolidation — a partial reset before being pulled into the final reset (distribution) price zone. In this consolidation, not up to the maximum prices, the progenitor of expensive ether, that is, ETC, as before, will surprise everyone with an aggressive news background. With a high degree of probability, all speculative games, as in the last cycle during pumping, will be “slightly wavy”. Don't forget to sell and don't be greedy...
For those who are not traders at all. So which of the hamsters has iron balls, throw in a couple of hundred dollars and forget it, conditional retention without trading for 9, 13 and 19 months. Sold in 3 parts (optional). But, if you don't sell, you will get scared between these market pumping “time zones” and sell everything during the “fear”. If there is profit in advance, then it “warms the soul” and the feeling of lost profits will not play a cruel joke.
Money management. Leave a third of the invested money in dollars, for additional purchases, in case there is a spill in the market (only 1 significant, sharp, unexpected). Ignore everything else, there will be enough coins to earn money. If the dollars are not spent and the price flies away, do not buy crypto candy wrappers, but buy a gift for your loved ones.
I am sure that many hamsters , when a trend allows absolutely everyone to make money, will imagine that they are real traders and decide to increase the number of coins. I am 99.9% sure that on futures (your psychology is known in advance) if you take inadequate risks, you will lose all coins up to half the maximum price.
⚠️ Adequately evaluate your skills and behavior . Therefore, for some people who are relatively poor but want to become rich, very quickly, it is better not to trade or even be interested in the market until the market is in the distribution cycle, that is, the highs (late 2024 and 2025). Otherwise, each local peak (as always) in a growing trend will be perceived as the end, and when the end comes, on the contrary, as not yet a maximum.
What Happens in NOTCOIN?By carefully examining the chart of Notcoin, we can see the movements of whales so that they can own more circulating tokens , for this reason, I have a bullish view on this currency and I hope it reaches its first target.
For more explanation, I would like to say that creating a trap for buyers to hesitate and rush to buy, as well as creating fear for sellers and owners of Notcoin currency to sell, is a sign of an upswing and new Bullish Impulsive Leg.
Be patient and good luck
Potential bullish rise?Bitcoin (BTC/USD) has just bounced off the pivot which acts as a pullback support and could rise to the pullback resistance.
Pivot: 56,784.43
1st Support: 55,042.77
1st Resistance: 59,832.32
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish rise?Bitcoin (BTC/USD) has reacted off the pivot and could potentially rise to the overlap resistance which aligns with the 61.8% Fibonacci retracement.
Pivot: 59,227.02
1st Support: 58,400.61
1st Resistance: 61,951.95
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could price bounce from here?Ethereum (ETH/USD) is falling towards the pivot which has been identified as a pullback support and could bounce from the level to the 1st resistance.
Pivot: 3,355.63
1st Support: 3,272.65
1st Resistance: 3,468.05
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Falling towards 38.2% Fibonacci support?Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 62,155.46
1st Support: 61,130.39
1st Resistance: 63,578.50
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Ethereum has a strong bearish momentum, could it fall further?Price is rising towards the pivot and could potentially fall from this level to the overlap support.
Pivot: 3,522.8
1st Support: 3,414.3
1st Resistance: 3,621.6
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.