POTUS Donald Trump has issued an executive order aimed at creating a streamlined regulatory framework for digital assets, with a focus on cryptocurrencies. One of the key elements of the order is the creation of a National Digital Asset Stockpile. This initiative is intended to establish a strategic reserve of digital assets to enhance economic security and encourage innovation in the sector. Additionally, the order calls for the formation of a specialized working group to develop a federal regulatory framework for digital assets, including stablecoins. This group will be led by David Sacks, the White House's AI and Crypto Czar, and will include senior officials from the Treasury, the U.S. SEC, and other key agencies. Notably, the executive order explicitly bans federal agencies from initiating or supporting the development of Central Bank Digital Currencies (CBDCs), maintaining a focus on decentralized cryptocurrencies. The creation of the Presidential Working Group on Digital Assets is expected to significantly influence the future of cryptocurrencies, NFTs, stablecoins, and other blockchain technologies. The order also reverses previous directives from the prior administration that hindered innovation in digital assets. These outdated frameworks had prompted many U.S.-based crypto companies to relocate to more favorable jurisdictions, such as the UAE or Singapore. President Trump's recent executive order is likely to have significant effects on both Bitcoin and Trumpcoin. Bitcoin: This pro-crypto stance including the establishment of a National Digital Asset Stockpile and the creation of a federal regulatory framework, could encourage investor confidence in Bitcoin. This supportive regulatory environment may lead to increased institutional adoption and public trust, potentially driving Bitcoin's price higher. However, the market's reaction has been mixed and we're not seeing an immediate result reflecting in the price just yet. Trumpcoin: Trumpcoin could experience heightened interest due to the executive order. The administration's favorable view on digital assets might attract investors to Trumpcoin, anticipating that it will benefit from increased visibility and potential use cases. _____________________________ BINANCE:TRUMPUSDT BINANCE:BTCUSDT
Gold has currently retraced to the 2741 level, triggering significant profit realization for our positions. Since gold rallied above 2770 last week, I have consistently maintained a bearish stance, anticipating profit-taking and sell-offs driven by market sentiment. Our short positions have once again delivered substantial returns. This morning, we initiated long positions near the 2756 level and closed them at 2770, securing an easy profit of 140 pips. As gold approached 2770, I explicitly shared in my previous analysis that if gold failed to decisively break through the 2770-2775 range, I would switch to shorting. Thus, after closing the long positions, I reversed my position and shorted gold near 2770. Gold has since declined as expected to around 2741. Although we closed our short positions near 2753, capturing a profit of 170 pips, I am still satisfied with this result. It's been a strong start to the week's trading! Currently, gold has bottomed out around 2740. I do not recommend chasing shorts at this level, as the 2740-2730 zone provides notable technical support, which could potentially drive a rebound to the 2750-2760 range. For those looking to short gold further, it’s advisable to wait for a rebound to the 2750-2760 region before executing short trades. Alternatively, a moderate long position could be considered, with a short-term target set between 2750 and 2760. Bros, have you followed me to do short gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
DogeUSdT is looking pretty bullish on lower and medium time frames. like the 5m,3m,15m and the 30m.
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
With a breakout, the scalping support level is expected to reach the 1.04715 range.
Trading Recommendations Gold faced some negative pressure at the start of the week, testing the support line of its ascending channel. Today, providing additional strength to prevent a deeper correction. It is worth noting that the fundamental analysis indicates positive momentum, suggesting that there is potential for further upside in the near term. Given the current technical setup, it is reasonable to expect gold to continue its positive trend in the coming sessions. The next support is identified at $2,761 first area, so, with the broader bullish scenario continuing as long as prices remain above the $2,770 support level. There could be some dip below this level to a short-term bearish correction, but the overall market trend remains constructive for gold buyers. For today, traders can expect gold to trade within a range between $2,749 (support) and $2,790 (resistance). If the metal can hold above the support level and maintain its bullish stance, it is likely to push towards the upper end of this range in the near future. Trading Recommendations Buy Gold ??????? ????
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Morning Trading family GameStop's stock is at a crossroads! If it falls below 26.18, it might slide down to 25.50, or even 24.64! But if it jumps over 29, we could see it climb all the way to 34 or more! This could be a big moment for GameStop. Kris/Mindbloome Exchange Trade What You See
Hi fellow traders, FETUSDT is ready to make a move higher after completing the smaller correction. Target the 4 USDT level. Good luck and trade safe!
Gold can be expected to correct further down to the next support level 2725.00 (former monthly high from December, acting as the support after it was broken earlier this month). Gold Technical Analysis.