US stocks, led by mega cap tech companies and the NASDAQ writ large, started 2024 on a hot streak. But as momentum slowed, an arc pattern supporting the market became clear, only to be decisively broken. Analysis of key support and resistance levels provides price targets for the coming weeks.
Pretty much the same as previous just tidying up the numbers! Next prices after Accumulation: $65,766.96 $65,971.95 $66,317.63 $66,335.36 $68,668.81 $69,119.58
Why the stock gained today? • NVDA is a good defensive stock to protect against high interest rates. • Competitor intel losing part of the market and disappointed Q2 forecast • AI demand from MSFT, GOOG, META, TSLA that just revealed an increase in capex this week. NVDA is backed up after last week sell-off, could it last ? • NVDA broke the bearish channel...
Going over the day's price action ES looking for clues as to what the market was telling us and how we could have traded better for next time.
💎Paradisers, stay on high alert! #RIFUSDT is shaping up for a compelling opportunity as it prepares to retest ascending support, indicating a robust bullish move ahead. 💎We've noticed that #RootstockInfrastructureFramework has been consistently respecting an ascending support line on the 1D timeframe, hinting at a solid base for bullish potential. It's now...
Gold reacts to the specified range and the possibility of falling is likely
While everyone is worried about inflation, recession, the FED, Cryptos etc.. No one is realizing that we could be heading for an emerging market currency crisis as rates in the US rise and the dollar gets stronger. Read more bout it here.
Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle...
Dear traders, let me share this BNB coin analysis with you. BNB coin is one of the strongest cryptocurrencies in the world and is currently looking very good from a fundamental and analytical perspective. Binance has been successful in attracting new traders on its platform for a long time and this has also resulted in this cryptocurrency holding very high...
It seems Bork is officially part of the Solana Foundation Delegation Program. Megaphone pattern on the line chart at least here with coinEx. Recently some teasing on X with regard to Binance. Should be some nice upside if this pattern is filled.
My planet idea. Planet is at the bottom and looking for a new ATH. RWA coin small market cap. Lets see. Planet is looking good for a long position. #Bulls are loading. Open a long position and added some in a spot too. PS: Not a financial advise. Just my opinion.
#PENDLE/USDT is heading towards a retest of the diagonal Trendline in 4-Hour TF! I'm expecting liquidity below this trendline and then a pump. SEED_DONKEYDAN_MARKET_CAP:PENDLE breaking PMH $5.43 support level. Wait for Breakdown and Reclaim to add some in the spot.
Hi Dear traders , Here on GBPUSD chart from the technical aspect of the market there could be a possible short opportunity because as its clear on the chart the price is in clear bearish trend ,It seems that the bearish journey is not finished yet as the price is completing the second leg weekly retracement .so I think it's worthy to keep eye on this pair . ...
Easy short scalp to finish the week. Entry 17725 TP 17708 SL 17743 Entered on the LTF once we broke structure targeting the LTF sellside liquidity As you can see the concepts we use on the HTF are also and obviously applicable to the LTF. As long as you follow the market structure you will be on the safe side. The rest will all depend on your RISK MANAGEMENT...
I summarized the following four direct reasons for the market decline in the past two days: The geopolitical situation in the Middle East has escalated, triggering a rise in risk aversion in the market. The Fed's expected rate cut failed to materialize, leading to disappointment in the market. The collective collapse of the three major indexes of the US stock...
With the expected rate cut and the sharp increase in retail sales data, the data is more favorable for the US dollar than other currencies, so I feel that it is still a good opportunity to buy and the US dollar will continue to strengthen.