#Crypto hedge fund Galois shuts down after losing $40 million to FTX
#DASH going aggresive with Higher Highs and Higher lows . Price is on its way to a strong resistance zone of $81.20 - $85.40. A retracement would be best case for entering a buys. So, wait for a drop till support around $65.00
#NEO has a very important resistance in the area of 13.20-12.20 dollars. And considering the upward movement it has had, we expect it to move another step and reach resistance.
The Chinese central bank injected $92bn #USD into the market on Friday!
This easily outpaces the Fed’s current QT.
This easily outpaces the Fed’s current QT.
#LDO , During the good growth it has made, but it has not yet reached the ceiling of its ascending channel, the growth will continue until it fails to break the dynamic support.
#MKR , After breaking the dynamic resistance, we can now more confidently expect its growth to the price of $820.
#Educational
What is Engulfing Candlestick Pattern ?
#Engulfing candlestick pattern is a popular candlestick pattern used in technical analysis to indicate a potential trend reversal or continuation. It is formed when a smaller candlestick is completely engulfed by the body of a larger #candlestick that follows it.
There are two types of Engulfing Candlestick patterns:
1. Bullish engulfing pattern: This pattern occurs when a small #bearish candlestick is followed by a larger #bullish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bullish signal, indicating a potential reversal of a #downward trend.
2. Bearish engulfing pattern: This pattern occurs when a small #bullish candlestick is followed by a larger #bearish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bearish signal, indicating a #potential reversal of an upward trend.
What is Engulfing Candlestick Pattern ?
#Engulfing candlestick pattern is a popular candlestick pattern used in technical analysis to indicate a potential trend reversal or continuation. It is formed when a smaller candlestick is completely engulfed by the body of a larger #candlestick that follows it.
There are two types of Engulfing Candlestick patterns:
1. Bullish engulfing pattern: This pattern occurs when a small #bearish candlestick is followed by a larger #bullish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bullish signal, indicating a potential reversal of a #downward trend.
2. Bearish engulfing pattern: This pattern occurs when a small #bullish candlestick is followed by a larger #bearish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bearish signal, indicating a #potential reversal of an upward trend.
#Educational
Stop-loss and limit orders
When trading with us, you can Set stop loss and limit orders to automatically close your positions at market levels you choose.
A stop-loss caps your risk by closing your position when the market reaches a position that’s less favourable to you.
Basically, by using a stop loss , you’re establishing the maximum amount you stand to lose if the market moves against you.
Stop-loss and limit orders
When trading with us, you can Set stop loss and limit orders to automatically close your positions at market levels you choose.
A stop-loss caps your risk by closing your position when the market reaches a position that’s less favourable to you.
Basically, by using a stop loss , you’re establishing the maximum amount you stand to lose if the market moves against you.
#COMP is in the stabilization range and has managed to break the heavy and main resistance of $58.00-57.00. In the 4H TF, it seems to be a breakout, the price can continue to grow up to $70.
#Educational
We have some candlestick pattern which are widely used by the trader inside those technical chart pattern just to add extra confluence to it.
We have some candlestick pattern which are widely used by the trader inside those technical chart pattern just to add extra confluence to it.
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#Educational
Trading plans
It can help you to take the emotion out of decision making by setting out the parameters of every position.
How and when you should enter and exit trades.
Trading plans include a personal motivation for taking a position, the time commitment you want to make, and the strategies you’ll use to reach your goals.
Trading plans
It can help you to take the emotion out of decision making by setting out the parameters of every position.
How and when you should enter and exit trades.
Trading plans include a personal motivation for taking a position, the time commitment you want to make, and the strategies you’ll use to reach your goals.
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