Burger city ($BURGER) a project that aims to create a unified and standardized metaverse world of Web3 via integrating DeFi, NFT to the wider Metaverse saw its native token lose almost 100% of value as Binance is set to delist the altcoin. News came in last week by Binance to delist the asset, though there wasn't a DAO Poll as announced by Binance before delisting an asset. The delisting came as a bit of a shocker for the altcoin with the asset undergoing a bearish pennant with no sins of stopping anytime soon, tanking 91% as selling pressure increases. As hinted by the Relative strength index at 16.30, $BURGER is oversold any favourable development on the assets part could spark a comeback for the asset that was once sitting on a market cap of $226 million before tanking hard to a market cap of $2.4 million. BurgerCities Price Live Data The live BurgerCities price today is $0.055220 USD with a 24-hour trading volume of $15,304,913 USD. BurgerCities is down 18.37% in the last 24 hours. The current CoinMarketCap ranking is #1613, with a live market cap of $2,376,663 USD. It has a circulating supply of 43,040,100 BURGER coins and a max. supply of 63,000,000 BURGER coins.
Given the current market momentum, gold is unlikely to achieve a breakout today. Additionally, the cyclical outlook does not support a breakout within today’s session. As a result, gold is expected to remain in a range-bound market, with the 3015-3005 support zone holding firm and effective. With gold now declining to around 3016, I believe this presents a solid opportunity to consider long positions, aiming to capture potential upside from a rebound. I would make more detailed trading plans and trading signals every day according to the real-time market situation, which is also the testimony of every successful transaction and profit of mine; the article has a certain lag, if you want to copy the trading signals to make a profit, or master independent trading skills and thinking, you can choose to join the channel at the bottom of the article
Nothing good is going on with Ren. but possible double bottom is forming which could lead to a reversal at least for a short-term
Only the chart analysis. M pattern is on the edge of completing. If we can not cross above the 89k till the end of this week with following week. It is obviously we will take a ride to 70k.
? Entry: Around 42,746.9 ? Stop Loss: Above 42,780.1 (To limit risk in case of a bullish continuation) ? Take Profit: 42,567.6 (Targeting the next key support area) ? The price formed a strong rejection candle, indicating selling pressure. ? Increased volume at the top suggests potential distribution. ? A clean break below the recent support zone could accelerate the downtrend.
? Market Analysis After Durable Goods Orders Release The latest Durable Goods Orders (MoM) for February 2025 were released today, showing a surprising 0.9% increase, while economists had expected a 1.0% decline. However, core capital goods orders fell by 0.3%, indicating weaker business investment. These mixed figures create uncertainty in the markets. The strong durable goods orders support the U.S. dollar, while the drop in business investment may signal economic concerns. In the short term, the expectation that the Federal Reserve (Fed) will not rush to cut interest rates could put pressure on gold prices. ? Trading Idea: Short Gold from $3,025 to Below $3,000 Entry: $3,025 (already opened) Gold is currently trading around $3,025, showing signs of weakness near resistance levels. Why This Short Trade Makes Sense: 1️⃣ U.S. Economic Data Supports the Dollar The unexpected rise in durable goods orders suggests economic resilience. A stronger U.S. dollar typically weighs on gold prices. 2️⃣ Lower Expectations for Fed Rate Cuts These data points may reduce expectations for imminent Fed rate cuts. Higher rates increase the opportunity cost of holding gold, which is bearish for gold. 3️⃣ Technical Resistance & Downward Momentum Gold has struggled to break above $3,025 - $3,035 multiple times. If this level holds, we could see a drop below $3,000 soon. ? Price Targets & Stop-Loss ? First Target: $3,000 (psychological support level) ? Second Target: $2,985 - $2,975 (next key technical support zone) ? Risk-Reward Ratio (RRR): Entry: $3,025 Target: at least $3,000 RRR = 1.66 : 1 – a solid setup for a short-term trade. ? Potential Risks to the Trade ⚠ If the U.S. Dollar Weakens: If markets interpret weak core capital goods orders as a sign of economic slowdown, the Fed might shift to a more dovish stance, weakening the dollar and boosting gold. ⚠ If Geopolitical Tensions Increase: Rising geopolitical risks (e.g., China, Middle East) could drive safe-haven demand for gold, pushing prices higher. ? Conclusion: Bearish Setup for Gold Today’s Durable Goods Orders release supports a stronger U.S. dollar, while gold is struggling to break resistance at $3,025 - $3,035. As long as this zone holds, the probability of a correction below $3,000 remains high. ? Plan: Short at $3,025 is active. Target: Below $3,000. Gold remains volatile – keep an eye on the U.S. dollar, Fed policy, and market sentiment for further confirmation! ?? ------------------------------------------------------------------------- This is just my personal market idea and not financial advice! ? Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly. Good luck and safe trading! ??
- WTI crude oil broke resistance area - Likely to rise to resistance level 71.00 WTI crude oil recently broke the resistance area between the resistance level 68.60 (top of the previous wave 1), resistance trendline of the daily down channel from February and the 50% Fibonacci correction of the downward impulse from last month. The breakout of this resistance area accelerated the active impulse wave 3 of the higher impulse wave (3). WTI crude oil can be expected to rise to the next resistance level 71.00, target price for the completion of the active impulse wave 3.
Based on the chart: Entry Point Entry: Below the broken trendline, ideally after price retests the trendline as resistance (around 42.800). Target Target 1: Near 39.0513 (previous support level). Target 2: Extended move towards 33.7941 (major support zone). Stop Loss Stop Loss: Above the red resistance zone (around 45.0000). Support & Resistance Levels Resistance Levels: 43.500 (strong resistance) 42.800 (trendline resistance) Support Levels: 39.0513 (key support) 33.7941 (major support zone) This setup aligns with a break-and-retest strategy with good risk-to-reward potential. Would you like a clearer step-by-step breakdown
- GBPCAD reversed from resistance zone - Likely to fall to support level 1.8230 GBPCAD recently reversed down from the resistance zone between the resistance level 1.8625 resistance trendline of the weekly up channel from 2023 and the upper weekly Bollinger Band. The downward reversal from this resistance zone created the weekly Shooting Star candlesticks reversal pattern – which started the active wave iv. Given the strongly bearish sterling sentiment and the overbought weekly Stochastic, GBPCAD can be expected to fall to the next support level 1.8230.
PDH taken, CISD, H1 IFVG, MMSM forming with draw on PDL but with RB right above profit target needed to be adjusted. The price kept creating bearish pd arrays showing hand that the draw was lower and entry was after H1 BISI was inverted and entered on retracement with partials along the way. I'll try to label my charts post trade.