Perfil de lutfurenvoy | Binance Square

--

Analyzing the PEPE/USDT Chart
Disclaimer: This analysis is based on the provided chart and does not constitute financial advice. Always conduct thorough research before making investment decisions.
Key Observations
* Price Action:
* The price of PEPE/USDT has experienced a notable increase over the past 24 hours.
* The current price is above the 24-hour high, suggesting a strong bullish momentum.
* The volume has also increased, indicating heightened interest and activity.
* Technical Indicators:
* RSI: The Relative Strength Index (RSI) is currently above 70, indicating overbought conditions. This suggests that the price might be due for a potential correction or pullback.
* MACD: The Moving Average Convergence Divergence (MACD) line is above the signal line, suggesting a bullish trend. However, the MACD histogram is starting to flatten, which could indicate a potential slowdown in the bullish momentum.
* Bollinger Bands: The price is currently above the upper Bollinger Band, indicating an overbought condition. A break below the upper band could signal a potential reversal.
* Order Book:
* The bid-ask spread appears relatively tight, which can be a positive sign for liquidity.
* The depth of the order book on both the bid and ask sides seems sufficient, indicating a reasonable level of support and resistance.
Potential Scenarios
* Continued Upward Trend:
* If the price can maintain its momentum and break above the current resistance levels, it could continue to appreciate.
* A sustained increase in volume would support this scenario.
* Pullback or Correction:
* Given the overbought conditions indicated by the RSI and Bollinger Bands, a pullback or correction to a more sustainable price level is possible.
* The MACD histogram flattening could also signal a potential pause in the uptrend.#PEPE_EXPERT $PEPE

PEPE

--

Alcista

$BTC $BTC VIP Analysis
SEPTEMBER 10th, 2024
-------------------
BIAS:
Mid-Term: BEARISH
Short-Term: BULLISH
--------------------
On the H4 timeframe, the price action of $BTC has completely filled its FVG gap level, which was marked between $55,845 and $55,013. 📊

Additionally, the price action broke out of its trendline and is consolidating above the horizontal support level between $56,423 and $55,887. To continue the upward price movement, the price action needs to retest this level. 🔄📈
-----------------
MAIN INTEREST LEVELS

⬇️SHORT⬇️
$56,790

⬆️LONG⬆️
$55,887

PREDICTED DAILY RANGE
$55,767 to $59,856
--------------------

--

Alcista

$BTC DOMINANCE UPDATE:
--------------------
The price action on the H4 timeframe has filled out the FVG gap and squeezed out all the liquidity levels marked between 56.82% and 56.79% 📊.

Currently, it is bouncing back from its horizontal support level and forming a lower high. We can expect further upward price movement 📈.
--------------------
Follow for more updates
$BTC

--

$BTC VIP Analysis
MAY 21, 2024
-------------------
BIAS:
Mid-Term: BULLISH
Short-Term: BULLISH
--------------------
On the H1 timeframe level, the price action of BTC successfully squeezed out the Sell Side Liquidity level which was marked at the $65,830 level.

Whereas on the daily timeframe level, the price action of btc has squeezed out its Buy Side Liquidity level too which was marked at $69,134 level.

Currently, the price action of $BTC is consolidating at its Horizontal Support level which is marked between the $71,515 to $70,692 level.
-------------------
MAIN INTEREST LEVELS

⬇️SHORT⬇️
$70,692

⬆️LONG⬆️
$71,515

PREDICTED DAILY RANGE
$73,937 to $66,682
--------------------
VIP ACTION PLAN

[VIP EXCLUSIVE CONTENT]
-------------------

--

$BTC UPDATE VIP
--------------------
🚨🚨 SEC sues Bitcoin💰 miner Geosyn, accusing founders of $5.6M fraud.

The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms.
--------------------
Like and follow for more updates .
@lutfurenvoy #write2earn🌐💹

--

UPDATE VIP
--------------------
BREAKING: 🚨 Meta stock, $META, has now erased $240 BILLION of market cap after reporting earnings, down as much as 19%.

If $META closes at current levels tomorrow, it will mark the BIGGEST EVER 1-day loss of market cap by a stock.
--------------------
Follow me for more updates
@lutfurenvoy #write2earn

--

$BTC is forming a rising wedge pattern as well which is a bearish pattern. No reason to close this trade right now!!

--

$USDT UPDATE VIP
--------------------
🚨🚨🚨 Stablecoin issuer Tether has announced that it will freeze wallets using #USDT🟢 to evade sanctions on oil exports in Venezuela🇻🇪
--------------------
#news #UDST #Write2Earns

--

$BTC DOMINANCE UPDATE VIP
--------------------
On the H2 timeframe level, the price action of $BTC DOMINANCE has formed out the Double Bottom pattern level where the price action has broken out the neckline of the pattern level and filled out the FVG gap level up there.

The increase in the volume of $BTC dominance can show us the dominancy in the price
--------------------
#write2earn🌐💹 #BullorBear #BTC🌪️ #Write2Earns

--

Muslim Views about future trading..
Future trading is prohibited in Islam for the following reasons ¹ ² ³:
- *Gharar*: Futures contracts allow individuals to buy goods that do not exist when signing a contract. It is against Islamic law, which specifies that goods must exist at the time of the actual agreement.
- *Short-selling*: Futures contracts allow traders to sell goods they do not own. Islamic law demands that a seller must have ownership of the object at the time of the contract.
- *No physical delivery*: Futures contracts allow buyers to resell goods or set contract obligations before actual delivery. Islamic law requires physical delivery of the object before resale or settlement.
- *Riba*: Some futures contracts involve dealing in bonds, which is considered riba (usury) and is prohibited in Islam.
- *Uncertainty*: Futures contracts often involve uncertainty, as the object of the contract may not exist or may not be delivered. Islamic law prohibits contracts with excessive uncertainty.
- *No hand-to-hand exchange*: Some futures contracts do not involve a hand-to-hand exchange, which is required in Islamic law for a transaction to be permissible.
- *Dealing in debt*: Futures contracts often involve dealing in debt, which is not allowed in Islam.
- *Cash settlement*: Many futures contracts are cash-settled, which means that the contract is settled in cash rather than by delivering the underlying asset. This is not permissible in Islam.
Comment yours point of view kindly ⬇️
#bitcoinhalving #BinanceLaunchpool #muslim #Futures_Trading $BTC $BNB $ETH