The NZD/USD pair fell to 0.57592, reflecting significant pressure from the Reserve Bank of New Zealand's (RBNZ) ongoing monetary easing strategy, which includes recent interest rate cuts and the potential for further reductions in 2025. This easing is meant to stimulate New Zealand's economic activity by boosting consumer spending and investment. However, the growing divergence between New Zealand's and the U.S.'s monetary policies could lead to additional depreciation of the kiwi. The Federal Reserve's consideration of interest rate hikes, amid rising U.S. inflation expectations, strengthens the U.S. dollar, potentially attracting global investors seeking better returns and causing capital outflows from New Zealand. These factors could further pressure the NZD. Meanwhile, China's upcoming economic stimuli, expected to be announced at the annual Politburo conference, could positively impact the kiwi due to New Zealand's strong trade ties with China. Additionally, upcoming U.S. inflation data will likely influence market expectations regarding future Fed actions, which could further shape NZD/USD dynamics. Traders should prepare for volatility in the NZD/USD pair as these global economic developments unfold.
Recently ive been throwing out a lot of big numbers for XRP. But this is by far the biggest. Months ago i anticipated a neccesary fall to low $0.30s for XRP before new ATH where made. It never happened. After the appeal was made by the SEC in the ripple case we only fell to $0.49 A real bummer at the time, but these high prices have been nice, but the Bitcoin fall is inevitable and alts will follow suit. At the rate XRP and other Alts are falling relative to bitcoin i came up with this senario. When Bitcoin falls back to $64,000, XRP will be $0.30 and then then will go to $20,000.00 by summer 2025.
Is this the end of the bull market??? Let me know what you think. In the BTC 1 chart, I saw divergence on the RSI. The same was in 2021 the first peak in March 2021 and the second in November 2021 and the end!!! ???
https://www.tradingview.com/x/Tg5ABxlK/ Hello,Traders! NZD-CAD made a retest Of the horizontal support Of 0.8196 and we are Already seeing a bullish Rebound so we will be Expecting a further Local bullish rebound Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
I'm seeing a lot of bullish structure heading into CPI. Looks to me like bullish consolidation across the board, but important to note that if CPI turns us bearish that makes it even worse. For now, charts are pointing up in a big way. AMZN has been a market leader recently and has another bullish pattern here which could lead to another move up to make a new ATH soon. We have potential horizontal support here along with the lower end of the flag so the entry looks enticing to me.
The **0.236 Fibonacci level** has been broken, signaling weakness in the current structure. The next key support lies at the **200-day MA** (red line), which could act as a strong area for price stabilization. - **RSI**: Dropped to ~48, showing weakening momentum and room for further downside. - **MACD**: Bearish crossover confirms selling pressure. - **OBV**: Declining, signaling reduced accumulation. If the **200-day MA** fails to hold, the structure may turn decisively bearish. For now, keep an eye on the **200-day MA** as the critical support zone!
Bitcoin is entering a slow dead pan zone for the next two months . If you are on spot positions , - DCA -HODL If you are on leverage , - Reduce and dont take any new positions of BUY . - You can consider small SHORT positions , SELL @96,000 and buy back@ 85,000- 89,000. But I would rather avoid SHORTS as liquidation chances are high Predicted date of growth 17th Feb 2025 for the new cycle . Buy around Second week of February
According to the laws of the universe, altcoins will return to equilibrium when BTC.D becomes 70%. The tentative date is the end of 2025.
The cryptocurrency market, ever dynamic and unpredictable, has given rise to a unique token that captures the imagination of both meme enthusiasts and serious traders alike. $EVAN, a Solana-based token, is the embodiment of resilience and humor in the face of market volatility. Armed with compelling fundamentals and a promising technical setup, $EVAN is generating significant buzz. What is $EVAN? $EVAN the hobo is more than just a token; it’s a cultural phenomenon born from the Solana trench warriors' community. Representing the gremlin god of degens, $EVAN serves as the ultimate protector against bad actors in the crypto space, including rug-pulling developers, PvP predators, and scam artists. With a philosophy that blends copium and hopium, $EVAN reminds its followers that while trades may falter, their spirits remain unbreakable. The live price of $EVAN as of today is $0.073346 USD, with a 24-hour trading volume of $7,934,949 USD. Currently ranked #561 on CoinMarketCap, $EVAN boasts a market cap of $73,332,559 USD with a circulating supply of nearly 1 billion tokens. Technical Analysis: From a technical perspective, $EVAN is trading within a symmetrical triangle, a pattern often associated with an imminent breakout. Currently up 4.34%, $EVAN’s price movement signals potential bullish momentum. Relative Strength Index (RSI): At 66, the RSI indicates that $EVAN still has room to move upward before entering overbought territory. This creates an opportunity for traders anticipating a breakout. - Recent Performance: With a price increase of 74.60% in the last seven days, $EVAN is outperforming both the broader crypto market (-4.40%) and its meme coin peers (-6.40%). - Key Levels: A breach of the triangle’s upper boundary could trigger a bullish reversal, with targets potentially revisiting the recent all-time high of $0.08469. Conversely, failure to maintain current support could lead to consolidation near $0.07. Community and Utility Beyond its technical setup, $EVAN stands out for its vibrant community and cultural relevance. Born from the collective consciousness of degens, $EVAN is designed to protect and uplift traders navigating the often treacherous waters of the crypto market. - Market Dynamics: Despite a 17.90% decrease in daily trading volume, $EVAN’s market activity remains robust, with $5,102,714 traded in the past 24 hours. - Tokenomics: With a circulating supply of 999,823,336 EVAN tokens and a max supply of 999,844,983, $EVAN demonstrates strong liquidity and a controlled emission schedule. - Exchange Presence: $EVAN is actively traded on decentralized platforms like Raydium, with the EVAN/SOL pair accounting for significant activity. The ease of access contributes to its growing adoption. Comparative Performance and Long-Term Potential Compared to its peers, $EVAN is emerging as a market leader. Its rise from an all-time low of $0.01442 on November 22, 2024, to its current levels represents an astounding 412.24% increase. This trajectory reflects the token’s strong fundamentals and community-driven growth. Moreover, $EVAN’s fully diluted valuation (FDV) of $73,981,623 USD indicates a mature market presence. As the token continues to gain traction, its ability to sustain and amplify this growth will depend on the broader market trends and its community engagement. Conclusion $EVAN’s blend of humor, culture, and robust technical setup makes it a standout in the meme coin universe. As it trades within a symmetrical triangle, the potential for a breakout is high, supported by a favorable RSI and recent price performance. On the fundamental side, its strong community and tokenomics position it as a token worth watching. Whether you’re a degen seeking protection or a trader eyeing the next big opportunity, $EVAN offers a compelling narrative and market presence. With the mantra “In $EVAN We Trust,” this token is more than a meme; it’s a movement. Stay tuned as $EVAN charts its course through the crypto trenches.
We’ve just closed out our latest trade on USD/JPY with the trailing take profit activated. Results: * Achieved a solid 3.3RR. * Final change: +0.46%. This was a great example of aligning with the trend, letting the market move in our favor, and utilizing the WiseOwl Indicator for precise entry and exit points. Key Takeaway: Staying disciplined and trusting the system pays off. Looking forward to the next opportunity as the market continues to evolve!