Can Crypto Break You (2024)

By tradinglounge · Posted 2 hours ago

Elliott Wave Analysis TradingLounge Daily Chart, 2 April 2024, Theta Token/ U.S. dollar(THETAUSD)THETAUSD Elliott Wave Technical Analysis Function: Counter trend Mode: CorrectiveStructure: FlatPosition: Wave ((B))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level: Details: the corrective of Wave 4 has a trend to 38.2% of Wave 3 Theta Token/ U.S. dollar(THETAUSD)Trading Strategy:Theta Token is still in an uptrend. With the Impulse style movement, we are still missing two more moves to complete the style. in the fourth wave decline and increase again in the fifth wave. And currently prices are correcting in the fourth wave. It is likely to go down to test 2.168, waiting for the correction to complete to join the trend again.Theta Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a bullish MomentumTradingLounge Analyst: Kittiampon Somboonsod, CEWAElliott Wave Analysis TradingLounge 4H Chart, 2 April 2024, Theta Token/ U.S. dollar(THETAUSD)THETAUSD Elliott Wave Technical Analysis Function: Counter trend Mode: CorrectiveStructure: FlatPosition: Wave ((B))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level: Details: the corrective of Wave 4 has a trend to 38.2% of Wave 3 Theta Token/ U.S. dollar(THETAUSD)Trading Strategy:Theta Token is still in an uptrend. With the Impulse style movement, we are still missing two more moves to complete the style. in the fourth wave decline and increase again in the fifth wave. And currently prices are correcting in the fourth wave. It is likely to go down to test 2.168, waiting for the correction to complete to join the trend again.Theta Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a bullish Momentum.Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!

By tradinglounge · Posted 3 hours ago

ASX: COCHLEAR LIMITED - COH Elliott Elliott Wave Technical AnalysisTradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange(ASX) with COCHLEAR LIMITED - COH. We have identified a potential opportunitywith wave ((v))-green opening up to push higher, following the wave ((iv))-green thatjust ended.ASX: COCHLEAR LIMITED - COH Elliott Wave Technical Analysis ASX: COCHLEAR LIMITED - COH 1D Chart (Semilog Scale) AnalysisFunction:Major trend (Minor degree, red) Mode:Motive Structure:Impulse Position:Wave ((v))-green of Wave 5-red Details:The short-term outlook indicates that wave 5-red is unfolding to push higher,while wave ((iv))-green appears to be nearing completion. This sets the stage for theresurgence of wave ((v))-green to push higher, targeting 371.48. While pricesustaining above the 323.00 level would be a significant advantage and provide goodsupport for this outlook. Invalidation point:305.80ASX: COCHLEAR LIMITED - COH Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: COCHLEAR LIMITED - COH Elliott Wave Technical AnalysisASX: COCHLEAR LIMITED - COH 4-Hour Chart AnalysisFunction:Major trend (Minor degree, red)Mode:MotiveStructure:ImpulsePosition:Wave ((v))-green of Wave 5-redDetails:The shorter-term outlook suggests that wave ((iv))-green appears to have justconcluded around 323.00, and wave ((v))-green is now unfolding to push higher. It istargeting an immediate goal around 358.76, or possibly even further to 371.48, whilethe price must remain above the 323.00 level.Invalidation point:323.00Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX:COCHLEAR LIMITED - COH aim to provide readers with insights into the currentmarket trends and how to capitalize on them effectively. We offer specific price pointsthat act as validation or invalidation signals for our wave count, enhancing theconfidence in our perspective. By combining these factors, we strive to offer readersthe most objective and professional perspective on market trends.Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

By elhamzee · Posted 9 hours ago

Ethena stands at the forefront of decentralized finance (DeFi), heralding a new era of financial autonomy with its innovative protocol. At its core lies USDe, a synthetic dollar meticulously crafted to mirror the stability and security of the U.S. dollar, all within the Ethereum blockchain ecosystem. Key to Ethena's ecosystem is its governance token, ENA, empowering users to actively shape the protocol's evolution. With a mission to foster a decentralized financial landscape, Ethena's primary goal revolves around USDe, a stablecoin designed for censorship-resistant and scalable value transactions. A standout feature of Ethena is its remarkable high yield, currently soaring at an impressive 23%. This yield is made possible through the protocol's ingenious cash-and-carry trade strategy, which ingeniously combines ETH staking with shorting ETH futures to generate substantial returns. The recent surge in Ethena's popularity underscores its meteoric rise within the DeFi realm, with its decentralized application (dApp) emerging as the top revenue-generating platform. This surge is further evidenced by the exponential growth in USDe's market capitalization, which now stands at a staggering $840 million. Fueling its momentum, Ethena has successfully secured $14 million in strategic funding from prominent investors such as Dragonfly, Brevan Howard Digital, and Franklin Templeton. This influx of capital will be instrumental in fortifying the Ethena protocol's infrastructure and expanding its array of offerings. In summation, Ethena represents a beacon of promise in the realm of DeFi, offering users a secure and high-yield avenue for storing and transferring value within the Ethereum blockchain. With its recent surge and substantial funding, Ethena is poised for continued expansion and innovation, signaling a bright future ahead for decentralized finance.