Over the last two working days, the KSE 100 index has undergone two bearish sessions. It is anticipated to encounter substantial support soon, likely around the Fibonacci 0.382 level, coinciding with the trend line between 70,700 and 70,800. Should this support level be breached, the next probable support is projected at 70,000. The Relative Strength Index (RSI)...
Confluence of Support:
Flag pole downside target around $52k.
Bottom of parallel channel we should bounce as we have done recently at the bottom of the channel
200 Day moving average around $50k so near the 52K
That said we still have strong bearish momentum. Price is expected to down to $52k.
At that price target we might flip bullish.
Are you bullish or...
ECONOMICS:EUGDPQQ (+0.3 %)
Q1/2024
source: EUROSTAT
The Eurozone’s economy expanded by 0.3% in the first quarter of 2024, the fastest growth rate since the third quarter of 2022, to beat market expectations of a marginal 0.1% expansion and gain traction following muted readings since the fourth quarter of 2022.
The result added leeway for the European Central...
BUY ABOVE - 22600
SL - 22550
TARGETS - 22660,22710,22780
SELL BELOW - 22550
SL - 22600
TARGETS - 22510,22470,22430
NO TRADE ZONE - 22550 to 22600
Previous Day High - 22780
Previous Day Low - 22550
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
based on uptrend length since 2022 bottom we are at a point comparable to the 2016 dip coming out of the 2015 bottom.
Price might wick to 50k and bounce back to 60k fast so I would bid around 51 now.
American Water Works Co (AWK) Trade Idea.
American Water Works is the largest investor-owned us water and wastewater utility, serving approximately 3.5 million customers in 16 states. It provides water and wastewater services to residential, commercial, and industrial customers and operates predominantly in regulated markets. The company's nonregulated business...
We had a False Breakout as pointed out
Please note that it is very bearish to have a false breakout followed by breakdown.
Head and Shoulders formation identified with a downside price target near $73.
Our green upward sloping trend line is also indicating that the price should bounce and find support near $73
Would you be buying near $73?
Hi everybody! Happy to discuss with you the current situation of Bitcoin.
Currently, Bitcoin is showing signs of a medium-term bearish trend, based on the descending triangle pattern and the 34.89 EMA showing signs of reversal (signaling a potential downtrend on the H12 chart). . Accordingly, the false breakout of this pattern is pointing towards a clear bias for...
UPDATE 01.05.2024
.
With the daily candles looking like this I can say that the key point is invalid , the BTC is down in the correction phase . Even tho there's a gap of 55-56.6K we might see a small bounce, but I prefer the price to touch 52.2K , yes I said that shit. The scenario would be like this;
.
BTC touches the ground 52.2K and bounces a bit,...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
Today, NASDAQ:OP #Optimism has attracted attention because it is not falling in line with CRYPTOCAP:BTC and other altcoins.
In fact, for the past two weeks, the #OPUSDT price has been moving in its own "special way".
Perhaps there is already some fundamental news ready for this price movement, do you know anything? Share in the comments.
The critical...
The last 2 days are very negative for Bitcoin.
The market is currently trading around 57000.
Here are the important key levels to watch.
Resistance 1: 59200 - 61300 area
Resistance 2: 66850 - 69100 area
Resistance 3: 71600 - 73800 area
Support 1: 52200 - 53000 area
Support 2: 50500 - 50700 area
Support 3: 46900 - 49100 area
If the market closes below the...
Carnival has been rudderless all year, and now some traders may see downside risk in the debt-laden cruise-ship operator.
The first pattern on today’s chart is the sideways drift following a sharp rally in November and early December. Its failure to make new highs -- even early in the year when the S&P 500 was breaking out -- may reflect weak sentiment.
Second,...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
Follow the trajectory.
Will be a money-maker!
This stock will Regain its Previous High. It is Forming a basing Pattern so many Successful stocks lay out before going on to Astounding heights.
(There is also a chance that they will beat estimates, due to easy comp's and expectations.)
