Trading Signals & Education

2022-09-02 13:10:42 Cardano: Vasil hard fork and Robinhood listing prepare ADA for rally to $2?

Good reasons to hope that the coin will reach the $2 mark per 1 ADA by the end of 2022:

Robinhood listed Cardano on its exchange platform, giving ADA exposure to 23 million users.
Robinhood is zero-commission exchange platform that mostly appeals to the young crowd that strongly believes in the crypto world.
Adoption and widespread trust among traders on the platform can certainly contribute greatly to the value of the currency in the short and medium term.

Binance US added support for Cardano staking, ahead of the Vasil hard fork.

Cardano price eyes the bullish target of $2 before the end of 2022.

The information above does not constitute investment advice or any kind of a buy/sell recommendation of the asset.
Invest wisely and according to your financial capabilities.
Trade Safe! Open / Comment

2022-09-02 12:56:40 NFP: The most important report of the month

What are Nonfarm Payrolls?
Nonfarm Payrolls (NFP) measures the change in the number of people in the US, employed during the previous month, excluding the farming industry.
Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.

Meaning and Influence
In general, increases in employment means both that businesses are hiring which means they are growing and that the newly-employed people have money to spend on goods and services, which further fuels growth.
The opposite is true for decreases in employment.
NFP is one of the most important indicators of the current state of the US economy and of course, it has a major impact on the global economy especially in the short term.
Besides the meaning and the direct effects on the markets due to the recovery of the economy, there is also a psychological aspect as well, there is a sense of better financial security which leads to an increase in investments. Open / Comment

2022-02-02 19:58:09 PayPal: Can be a nice entry point Open / Comment

2022-02-01 21:35:10 Open / Comment

2022-01-26 11:50:55 Meta (Facebook): Follow up
Well, it was an easy one and you guys, knew it was going to happen.

Trade safe Open / Comment

2022-01-26 11:40:25 BItcoin: Must pick a side in the coming days

Following our post from last week, Bitcoin did try to test the fourth support line and bounced back.

What now and what next?
The third support line ($40,100) became a resistance line, meaning, when Bitcoin gets somewhere close to this rate (probably around $39,800) one of the 2 scenarios will happen, as you can see on the chart:
1. Drop all the way back to $31,400 in order to test the fourth support line again.

2. Will correct itself a bit downward and immediately jump to what was the 2nd support line: $42,100.

Trade safe! Open / Comment

2022-01-21 19:48:49 Well, $140 isn't so far away... Open / Comment

2022-01-21 09:59:12 BTC / USD: Follow up
Well, this one was easy, when an asset with a great interest fails to keep its momentum we can understand what will be the next move.
Bitcoin Dropped below the 3rd support as expected.

What now?
The 3rd support becomes the new resistance meaning, Bitcoin will try over the next few hours to recover above $40,100 but, if fails, we're on the way to $30K. Open / Comment

2022-01-06 12:37:15 BTC/USD: Follow up
So it took a bit longer than we thought but (unfortunately) we were tight.
Bitcoin dropped to the first support, closed the 4H candle there and immediately dropped to the second support line and bounced a bit.

What now?
Bitcoin will once again try to fall below $42,200 during the next 24 hours.
In case it will, we will likely see a fast drop to $ 40,000, hopefully it will be the lowest rate in the near future.

Follow the buying and selling pressure with the volume indicator, it'll give you a great indication about the possible upcoming movement. Open / Comment

2021-12-24 12:07:09 Merry Christmas and a happy new year Everyone! Open / Comment