Author: msmark

A popular crypto trader says he believes Ethereum (ETH) rival Solana (SOL) is flashing signs of a possible correction. In a new thread, Ali Martinez tells his 52,700 followers on the social media platform X that SOL’s Tom DeMark (TD) sequential indicator flashed a sell signal on its daily chart, which historically signals a price drop for the smart contract platform. The TD Sequential indicator is typically used to identify the potential turning point for an asset’s price. Explains the analyst, “Since December 2023, every time this indicator suggested selling, the price of SOL dropped by 17% to 28%. A…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

Shiba Inu is currently on a consolidation path after a strong upswing earlier in the month. Specifically, SHIB is currently down by 13% in the past seven days, although still up by 210% in a wider 30-day time frame. According to crypto analyst Javon Marks, Shiba Inu is on its way to another major breakout after the current consolidation. The analyst sees the meme coin surging to $0.000081, and then a further 90% increase to hit a new all-time high. Continued Uptrend For Shiba Inu Shiba Inu has seen massive gains recently, rallying 280% from $0.00001178 on the last day…

EUR/USD has fallen to the 1.0800s, close to a critical level for the short-term trend. Further weakness could tip the near-term outlook in favor of bears.  Empire State Manufacturing, Michigan Sentiment, US Industrial Production and commentary from ECB’s Nagel round off the week. EUR/USD is trading in the 1.0800s on the last day of the week after taking a step down from its previous range in the 1.0900s. The catalyst seems to be a mixture of better-than-expected US macro data and ECB’s chief economist Philip Lane pushing back on early rate-cut expectations.  US data on Friday in the main built…

FLOKI and the dog-themed cryptocurrencies have been the talk of the town recently. BONK and dogwifhat (WIF) reached new all-time highs (ATH) this month, while the Viking dog-based token climbed to levels not seen since the previous bull run. During this rally, memecoins have soared alongside the rest of the cryptocurrencies. However, in the past 24 hours, the market went from flying to crashing as the prices of most cryptocurrencies followed the recent Bitcoin dip. Is FLOKI Ready To Continue Its Expansion? Last week, FLOKI, the fifth largest memecoin by market cap, soared by over 60% after announcing its listing…

US Dollar Price, Analysis, and Charts Recommended by Nick Cawley Building Confidence in Trading The latest US PPI report showed that wholesale inflation remains sticky, denting the recent disinflation story. US y/y inflation rose 1.6% in February, above market expectations of 0.9% and a prior month’s revised 1.0%. According to the US Bureau of Labor Statistics,’On an unadjusted basis, the final demand index advanced 1.6 percent for the 12 months ended in February, the largest rise since moving up 1.8 percent for the 12 months ended September 2023. In February, nearly two-thirds of the rise in final demand prices can…

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A closely followed crypto strategist believes one top-five altcoin is on the verge of a massive breakout based on a historic pattern against Bitcoin (BTC). Pseudonymous crypto trader Kaleo tells his 629,500 followers on the social media platform X that Binance Coin (BNB), the native asset of the world’s largest crypto exchange platform by volume, Binance, could soar by 118% from its current value. “BNB to about $1,300 on this move actually doesn’t sound too crazy. Lines up well with the targets on the BTC ratio chart as well.” Source: Kaleo/X Looking at his chart, the trader suggests that BNB…

2024.03.15 2024.03.15 WTI Crude Oil: Elliott wave analysis and forecast for 15.03.24 – 22.03.24Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/Main scenario: consider long positions from corrections above the level of 76.80 with a target of 84.65 – 88.55.Alternative scenario: breakout and consolidation below the level of 76.80 will allow the asset to continue declining to the levels of 63.67 – 55.00.Analysis: a downside correction presumably continues developing as second wave of larger degree (2) on the daily time frame, with waves A of (2) and B of (2) completed as its parts. Wave С of (2) is developing on the H4 time frame, with the…

Analysts from private wealth management firm, Bernstein have reaffirmed their previous Bitcoin prediction, emphasizing that the cryptocurrency has a greater chance to reach $150,000 by 2025.  Bitcoin $150,000 Price Forecast Grows Stronger Bernstein analysts Gautam Chhugani and Mahika Sapra said in a note to clients on Monday that they were now more convinced of Bitcoin’s exponential surge to new all-time highs at around $150,000 by mid-2025. The analyst’s statements were a reiteration of their earlier Bitcoin forecast in November 2023, when they predicted the price of Bitcoin to surge to $150,000. At the time, Bitcoin was trading around a price…