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This week I built I got onboarded to @base by @agoziemable thanks to @kokocodes @hind @zachlipp @reneecampbell the great builders that I look up to,, I participated in the product of the week EGOBLOX: Revolutionizing Bill Payments with Web3 on Telegram Hey! I found EGOBLOX, a Telegram bot that makes paying bills super easy. You can pay utilities, subscriptions, and more directly via Telegram, all powered by Web3. This means secure, decentralized, and efficient transactions thanks to blockchain technology. I shared it in my student WhatsApp group and posted about it on my status — it's a huge time-saver! If you're looking for a simpler way to pay bills, give EGOBLOX a try! https://t.me/egoblox_bot Then share your feedback here https://docs.google.com/forms/d/e/1FAIpQLSfKozemaut0WIHrHoIMJjlhXg2klV3TApvW1_0tvyqogVxLhw/viewform?usp=sharing
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Hello everyone @ ai_ canvas
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I am exited to join your group.
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3b Resistances on the chart act absolutely the same way as supports, but in the opposite direction. When the price is increasing and starts hesitating at a certain level, we say that the price has found resistance. In the case of another price interaction with this same resistance area, we might expect another bounce from this level. Same as with support levels,if the price breaks a resistance level, we expect a continuation of the rally .As such,resistance areas are used to set entry and exit points when trading – similar to suport Let’s assume you are in a long trade in the GBP/USD,and the price is steadily increasing. The price action then meets a resistance level on the chart. In this case, this resistance is a good exit point from the trade. You can exit the trade in anticipation of a minor or major reversal off the resistance zon However, the price might go through this level,right? If this happens, you can then reopen your trade after the breakout for an attempt to catch a further price increase.
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Part3 Support Levels A price support level is a specific level on the chart, which the price tests while it is decreasing. In this manner, supports are located below the price action. If the price meets a support on its way down, there is a good chance that the price will bounce off in a bullish direction. On the other hand, if the price breaks a crucial support area on the chart, then we expect the decrease to continue to the next lower level of price support. Imagine you are in a short trade in the EUR/USD and the pair is decreasing in your favor. Suddenly, the price meets an old support level, which has been tested and has held on prior attempts. In this case, the respective support level would be a good exit point. You would close your trade in anticipation of a minor or major reversal off the support zone. Now imagine instead, the price breaks that support. In this case, assuming that your bias is still to the downside, You can reopen your trade in order to catch an eventual further price decrease.
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Part2b By combining different technical tools, Forex traders are able to perform a detailed chart analysis of Forex pairs to ultimately hone in on the best trading opportunities on their chosen timeframe. Support and Resistance as a Primary Technical Analysis Tool If you want to learn technical analysis, you should start with understanding what support and resistance is. Support and resistance are psychological levels on the chart. These are levels which the price action tends to conform to. If the price creates a top at a certain exchange rate, an eventual return to this level often causes the price action to hesitate. Sometimes the price breaks the level and continues its progress. However, in many cases reaching an already created level might cause the price to bounce. For this reason traders use support and resistance levels for entry and exit points of their trades. But what is the difference between support and resistance
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Part2 What is Technical Chart Analysis? Technical analysis, as it relates to forex, is an on-chart examination of the respective currency pair in an effort to find price patterns that can provide clues into future price movement. Fx technical analysis relies on past Forex data, which is taken into consideration when determining potential support and resistance levels. It is commonly accepted that if a Forex pair bounces from a specific level or pivot point, the pair is likely to conform to this level in future. As such technical trading at its most basic level involves using horizontal and diagonal lines in an attempt to find and trade support and resistance zones . This type of trading is often referred to as pure price action trading. Other assistant tools, which technical traders sometimes use, are technical analysis indicators.
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Part1 When you trade Forex, you should carefully implement an analytical approach as part of your trading strategy. If you have been around the markets for any length of time, you will have heard of technical analysis. This is one of the two primary forms of currency analysis. And, I believe, the more essential part of the trader’s arsenal. So in this article, we are going to discuss what technical analysis is and how you can incorporate it into your trade analysis for better market timing.
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Forex trading is one of the largest and most accessible financial markets, with over $6 trillion traded daily. It's open 24/5, allowing you to trade anytime, anywhere. With low transaction costs, leverage to amplify gains, and the ability to profit in both rising and falling markets, Forex offers endless opportunities for all levels of traders. Whether you're looking to diversify your portfolio or start trading part-time, Forex offers the flexibility and potential for profit you need.
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Why You Should Consider Ethereum Ethereum is a leading blockchain platform that goes beyond cryptocurrency, enabling smart contracts, decentralized applications (dApps), and innovations like Non-Fungible Tokens (NFTs). Key Benefits: Smart Contracts: Automate agreements with no middlemen, ensuring trust and transparency. Decentralized Finance (DeFi): Access financial services like lending and trading, without banks. NFTs: Create and trade unique digital assets, from art to collectibles. Sustainability: Ethereum’s Proof of Stake upgrade makes it more energy-efficient. With continuous upgrades, Ethereum is shaping the future of finance, digital ownership, and decentralized technology. It’s a platform for creators, investors, and innovators alike.
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