Ochlokrat

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Since October 2023, the price of gold has been in a stable upward trend, which has recently accelerated. The optimism seems boundless, with many investors expecting a gold price of around $2500 by the summer of 2024. We too are optimistic about gold, but anticipate a correction. However, we expect the gold price to surpass the $2200 mark beforehand. This is...

Ochlokrat Updated 

In recent days, the Dollar Index (DXY) has shown an impressive rally - much to the detriment of many other assets. A day before the next meeting of the US Federal Reserve (FED) and half an hour before the auction of 20-year US Treasury bonds, the DXY has reached an interesting zone. Here, several Fibonacci resistance areas converge, forming a zone of confluence....

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The precious metals are currently consolidating at a high level. The correction hoped for by many bears has not materialized so far. Silver is currently performing even better than its big brother, gold. We expect the price of silver to soon move towards $30 and beyond. Based on the Elliott Wave Theory, we present two trading options for a long trade in silver as...

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The crypto bull market continues unabated. The price of Solana is also rising, but is weaker than some other coins. We expect a temporary correction on the crypto market in the coming days and want to use this opportunity to position ourselves long in SOL. We choose the 38.2% retracement as our entry point and set our stop loss below 78.4%. We target the $180...

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Well, here we go again! Another long on ETH, riding the trend because, hey, trend is your friend, right? Plus, we've got a beautiful divergence between price action and the VOLD indicator. Happy Trading, folks! 🚀

Ochlokrat Updated 

Chainlink has been able to recover significantly from the lows of the past few months in line with the cryptocurrency market. In the 6-hour chart, the price has dissolved a sell-side liquidity, while in the 8-hour chart, it has reached a crucial support level. So, we are indeed talking about significant time frames relevant for technical analysis. Given this chart...

Ochlokrat

Major oil companies such as Exxon are currently benefiting from rising oil prices. After the share price of the world's most valuable company had experienced a downward trend for a long time, a significant turnaround was achieved in 2020. In September 2023, Exxon shares reached new all-time highs. This was followed by a correction, as oil prices remained...

Ochlokrat

Although we are considering a time frame of only a few weeks rather than several months for this trade, the Weekly Chart is most suitable for depicting the chart pattern in USDCAD. Since September 2022, or for a year and a half now, the price has been in a consolidation zone. Neither the bulls nor the bears have succeeded in moving USDCAD sustainably in one...

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Filecoin is moving upwards along with the entire cryptocurrency market. Not only that, but Filecoin has significantly outperformed many altcoins in recent days. Is this the end of the rally? No, we do not believe so. Instead, we expect a soon-to-come surge to around $12. For a long entry, we will wait initially for the price to correct to approximately $7.08....

Ochlokrat

Tomorrow it's time again: The US inflation data will be released. Over the past two years, the significance of this report has increased significantly, as it allows conclusions to be drawn about the future monetary policy of the Fed. Accordingly, the monthly event is associated with a lot of volatility, comparable to that seen when the labor market data is...

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An investment in COIN (Coinbase Global Inc.) represents a compelling opportunity to invest for several reasons: First, as a leading cryptocurrency exchange platform, Coinbase is at the forefront of the rapidly growing digital asset market. As cryptocurrency adoption increases, Coinbase stands to benefit significantly from the growing demand for trading and...

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The cryptocurrency market is hot - as hot as it has been in many years. However, FOMO is not a good guide for trading decisions. It is better to wait for the market to cool down first, and then reorient oneself towards going long. In Ethereum, we have identified sell-side liquidity around $3,200. We expect the market to tap into this liquidity before ETH reaches...

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Just like many other cryptocurrencies, DOTUSD presents fantastic opportunities on the long side! The strength of the bulls shines through with the clear divergence between price and volume during the recent sell-off. The bears literally threw everything but the kitchen sink into the ring to push DOTUSD lower, but they fell far short of even getting close to the...

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This is a trading idea with a medium-term horizon spanning a few weeks. We're observing United Health Group's stock stabilizing at a significant level on the daily chart. Concurrently, there's an emerging hidden bullish divergence in the OBV, albeit unconfirmed. Given UNH's price reaction at the support zone, we're considering a long trade. Our target is the low...

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Polygon Matic is one of the hottest altcoins right now, no doubt! We're feeling pretty optimistic too, eyeing a (tentative) target price of around $1.70. However, we're not jumping on the bandwagon blindly. We've spotted some bearish divergences on the OBV, but that's cool because it's giving us a smart move to make! We're gonna play it smart, wait for a dip, then...

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Here I present to you exclusively an undervalued share that few analysts have on their radar. The Cel-Sci share has recovered significantly from its lows reached in 2023 and formed a wave 1. There has been a correction, so we can expect big upward waves 3 and 5 soon. From an option sentiment perspective, the stock is overly bearish. However, an overly negative...

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After a pronounced downward trend, the PayPal share is bottoming out and has recently recovered strongly from short-term setbacks. These are reasons enough for us to open a long position. We are initially focusing on the area around USD 73, as this coincides with the upper edge of the large gap from May 2023. We expect the price to rise to the $79-$80 area, but we...

Ochlokrat Updated 

The bearish reversal in the NASDAQ was short-lived: Just before the release of NVIDIA's quarterly earnings, the market began to turn around. When the chipmaker - once again - exceeded the market's expectations, the bulls were unstoppable. Are there reasons to believe that the rise is a flash in the pan? None that are reasonable! Although there is always a certain...