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What is #DXY (Dollar Index) ?
The US Dollar Index (#DXY) is a measure of the value of the US dollar relative to a basket of six major foreign currencies. The index is designed to provide a snapshot of the US dollar's performance against a basket of other currencies that are considered to be its most significant #trading partners.
The #DXY is widely followed by currency traders, financial analysts, and investors, who use it as a benchmark for the value of the US dollar. The index is also used to hedge against currency risks and to evaluate the performance of international #investments.
Why #DXY is Important ??
It's worth noting that changes in the US Dollar Index can have a significant impact on the global financial markets, as a strong or weak US dollar can affect the prices of #Cryptocurrencies, #Commodities, #Equites, #DXY Bonds, and other financial instruments. A rising #DXY typically indicates that the US dollar is strengthening against other major currencies, while a falling #DXY suggests that the US dollar is weakening.
#DXY Analysis :
#DXY moving within zone to zone and level to level as drawn. Index Rejected from the Resistance which made the overall push in the market. Now Index, sitting at the structural support zone of where it could react off. Breaking below will leading in flow of money in different markets. Major support is at 101.2% - 101.6%.
#BITCOIN DAILY TF UPDATE :
#BITCOIN made a flash dump hitting it previous own All-Time High, and that retest dump lead to a retest now. As mentioned retest is very important for a healthy market, which leads in New #ATH now. Price still facing some strong sell pressure in the market but hoping for the bullish continuation this weekend and by next week too.
The degree of speculation within the current market can also be seen by the extraordinarily high dominance of exchanges related in/outflows with respect to all on-chain volume. Currently, 78.3% of all economical on-chain volume is being directed to/from exchanges, which is coming off a new #ATH.
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#BTC goes as anticipated, price made a flip above the $65,000 level and still moving. Currently, it facing a ton of resistance but still we're on bullish sentiments and market structure is also bullish, so expected a break very soon. Neither less, weekly is approaching the new Daily Resistance, so prepare for consolidation too.
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Here's the Analysis of #ZIL :
#ZIL is been given a minor break on the daily TF but current daily candle immediately showing bearish pressure, which showing some sort of fake-out. The zone will act as major resistance again at $0.036. Nothing as of now, until price break the resistance again, and shorting will be risky at this point.
If you missed massive profits in #FIDA
Don’t sleep on #UFT👀
#WAN made its gradual push and made its way for the 1st target exactly, at $0.2939, making us nearly 13% in profits.
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#UFT/USDT BUY/LONG CALL
Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.
Targets: $0.50 - 0.60 - 0.70 - 0.80
Stop if 1D closes below $0.38
Further confluence can be found by evaluating the percentage of the overall #STH balance sent to exchanges. Since Oct 2023, the STH cohort have been depositing upwards of 1% of their supply per day, peaking at a value 2.36% during the recent #ETF led speculation. This is largest relative deposit since the March 2020 sell-off.
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#Bitcoin again did a break above of the resistance and in a retest now, so expecting a push from here, breaking it #ATH and all stuffs. The price actions was too choppy taking liquidity out every side. Now, only anticipation would be a bullish structural break as Daily closed slightly above the zone.
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Why Is the Name Wrapper Important?
Before the creation of the Name Wrapper, registrants could create different sub-names under their registered domains. However, these sub-names had limited functionality and could not be widely used in the Web3 space given that they were not NFTs.
Following the introduction of the Name Wrapper, all sub-names are now NFTs and can be used on all NFT platforms. This new smart contract unlocks a new level of utility and functionality for .eth decentralized domain names. It is a significant step towards decentralization in the Web3 ecosystem: to have immutable domain names while allowing users to retain ownership over trustless sub-names.
Now that registered domains, sub-names and Domain Name System (DNS) names can become NFTs, this expands the possibilities of what one can do with .eth NFT domain names.
Extending the list of features, the Name Wrapper provides registrants greater control and personalization that simplifies the domain management process. The first step in utilizing the Name Wrapper is to wrap the sub-names to make them NFTs, giving the domain ownership to this contract as registrants gain control of their fuses. Alternatively, unwrapping a registered domain means burning the ERC-1155 token and regaining control over the original name.
The Benefits of the Name Wrapper for the Web3 Ecosystem
Decentralized identity is a growing area of Web3 and fundamental to the usability of the ecosystem. As such, being able to build and customize through enhanced smart contracts is necessary to make them as usable as possible. The Name Wrapper is the next step to bringing us closer to realizing a true Web3 digital identity. It can contribute to a seamless onboarding experience that helps to boost the mass adoption of Web3 technologies.
#BLUR declined with the market conditions and break below the support zone. Price reached the next support zone of $0.55 - $0.57 and strong rejected. That's our next buy zone and got into profits. Now the only area will be the resistance where price should break. In case you missed the buys then wait for the break and retest from the zone.
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Notice of Removal of Margin Trading Pairs - 2024-03-15
https://www.binance.com/en/support/announcement/ebbb63034b374abd94a534cdeead44a6
The new spot #Bitcoin #ETF products have also created a new source of demand for BTC, with an incredible +90K #BTC in net flows migrating into the ETFs. These inflows account for a staggering $5.7B, and bring the total AUM of the #ETFs to nearly $38B.
These #ETF products have for the first time allowed institutional investors to gain exposure to the BTC asset via traditional rails, opening a new degree of freedom for demand and speculation.
#UFT made a sharp push and made clean achievable target of $0.5. Price nearly moved towards the 2nd target and made a high of $0.57, which is 29.8% in profits. Secure some profits here and wait for further take profits zones.
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Here's the Analysis of #ALGO :
#ALGO is been rejected/ sell-off from the major resistance zone of $0.28 - $0.29 and Approaching towards the structural Support area of $0.24 - $0.25. Potential buys can come from the support with loose stops else wait for the LTF structural shift.
What Is a Negative Volume Index (NVI)?
The Negative Volume Index (NVI) tracks the price movements and highlights the time frames in which the trading volume decreased from a specific point in time. One of the oldest indicators in the financial world, NVI was invented by Paul Dysart in the 1930s.
The premise behind the Negative Volume Index (NVI) is that a rising trend is one that continues even when trading volume declines. The idea is that uninformative traders are to blame for the excessive trading volume. Also, during the days with low trading volume, the informed traders (also called smart money) are at play.
Why Is Negative Volume Index (NVI) Used?
NVI is a great indicator to identify the mindset of smart money. Smart Money refers to the investment coming from big investors and is often associated with big price movements in the financial markets of any asset/stock/cryptocurrency.
Professional traders prefer to trade when the smart money isn't active which keeps the volatility level and the volume of the asset is low. This situation makes for a great opportunity to accumulate.
What Is a Positive Volume Index (PVI)?
The Positive Volume Index (PVI) can be used in tandem with the Negative Volume Index (NVI). While NVI measures the decrease in volume from specific points, PVI does the exact opposite. Generally, the increase of PVI is seen as a bearish signal and greater values of NVI are seen as a bullish one.
A 255-period moving average is used to determine trend reversals. It indicates a bull market when the NVI is above the 255-period moving average. Bearish sentiment is shown by the NVI falling below the 255-period moving average. In such a case, it sends out a sell signal; however, when it goes above the 255-period moving average, it suggests a buy signal.
#TOTAL MARKETCAP UPDATE :
#TOTAL Marketcap performed well with out marking and strongly rejected the Support area. The wick was due to sudden dump in #BTC as it was testing the #ATH. Nice its completed and index broke above the strong level too. Now a new range is discovered and push is expected towards the $.263T - $2.65T Resistance Mark, so #BTC will Fly very soon 🚀🚀
#MDX also played well, in the market where its ranging a bit, and easily achieved the 1st target. Price made a high of $0.083, which is 17.75% in profits. I hope you're enjoy out the free signals.
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#UFT on verge of breakout on higher timeframe
Things will heat up after breakout so don’t miss this golden opportunity to join the ride🚀
#FIDA made it push continued and make its way near to to 3rd target and made around 70.2% in profits. Lock some and hodl the rest 🚀🚀
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#UFT Don't Miss the Ride to the Moon! 🌕🚀
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Buying #UFT/USDT on Binance
UFT is bouncing from the strong support trendline
A massive bullish Ascending triangle formation is in play and breakout is anticipated which would serve as bullish confirmation for big jump🚀
Link : https://www.binance.com/en/trade/UFT_USDT
Expecting quick 10%-30% gains in short term😊
#TOTAL2 (Altcoin MarketCap) Update :
#TOTAL2 Played out of the box and performed exceptionally well. Index did made it break and recently got it retest and reversed. Now the Next resistance area would be at $1.35 - $1.41, means new room for alts movement. Get into alts while its dip and hodl it as per you plans.
Here's the Analysis of #GMT :
#GMT going messy moves with the market uncertainty and slides below the support area. Price Already rejected from major resistance zone, so next area where price might reach will be the support at $0.23. Before than Market should remain stable there after can be get into any sort of buys above $0.30.
Market is Very Volatile These Days and Moving Strongly Back and Forth which liquidated a lot of traders surpassing the total Liquidation Over $1B in Last 24H.
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#BTC kissed the #ATH and instantly dropped liquidating most traders out. Price also, dropped below the $60,000 clearing all the stops and rejected strongly from the Support Zone of $58,200 - $59,550. Price now again gaining the momentum and might gonna break the resistance too. Expected whole new #ATH very soon this week.
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Here's the Analysis #IMX :
#IMX started to range below the Major Resistance Zone of $3.38 - $3.50 and kinda build the Head and Shoulder Pattern, which a market reversal pattern. But market is extremely bullish, so shorts will be risky as price is trying to break below the zone. You can take minor positions only for that, otherwise, wait for the dust to settle and take longs.