Fed meetings start today, futures will likely open in red and the DXY has broken above the downtrend and now in a pullback, will it smash $103 after the expected 25bps or FED will be more dovish and signal interest rate cuts in next few meetings?
Polkadot is a solid project but the bear market was so hard on it, anything below $5 was a good buy but If you missed it you can get in for a short term gain right now.
For risk management, I recommend these settings:
$AMD has left the descending channel and close above the 50 daily MA. Now with BoC signaling interest rates cut in the next meetings, Fed will certainly not keep the same hawkishness after the positive US economic data too.
Let's see what we get for Q4,2022 earnings report, 31 January 2023. Will update this by then.
SL: below $60 should be fine
After a great comeback from $8 the uptrend started to signal some short term PA relied which could result in breaking the uptrend to the downside and trigger more selling pressure, let's see how this goes.
Shorting $DAX from 15,000 technically looks a good price, target is 14500.
Scholz will announce tanks delivery to Ukraine today, Russia's response will certainly hit Germany's energy sector for punishment.
$AUDIO price soared nearly 60% in one day, the breakout and retest of 0.16 was the best entry price but we can still get in at 0.24-0.26 zone near 200 daily MA.
Target is 0.4 and SL should be fine below 0.16
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DXY hit 8 months low and PA in this support zone looks bullish after rejecting 101.5
Let's zoom-in for more PA analysis, look at this consolidation while the RSI is up-trending:
Candlesticks look bullish and RSI is indicating a possible reversal to the up-side at least for the short term.
Please make sure to use this as...
AAVE tested the downtrend resistance for the 4th time, but now we will approach it with different market perspective after positive economic data in the US.
#DXY is likely to bounce up from its current support but it is still down trending especially after US inflation rate decreased for the 3rd time in a row.
Technically DE30 trend has reversed bullish after breaking out and printing a higher high, now looking for a good long entry price, 13333 loos juicy with an amazing RRR.
This is only valid if no major news happened.
After positive US CPI data and DXY weakness, equities & crypto have pumped up during the whole week.
But, will the rally continue?
I don't think so, especially with the 200 daily MA resistance and interesting liquidity below 21k as people got so greedy!
Here is a weekly DXY chart, we expect a bounce from this support area at least for the short term:
After the 18100 support breakout now acting as a resistance, bitcoin has clearly rejected it with a very bearish pin bar indicating the selling pressure from the resistance.
That came as a result of FTX bankruptcy and SBF's arrest, now with Binance FUD things are getting a lot crazy, the largest crypto exchange by volume is experiencing US media pressure causing...
Binance FUD is getting serious after the inconvenient CNBC appearance of CZ, removal of last audited files & the large amount of withdrawals last week.
SBF's $250m bail & return to his parents after stealing over $10b seems like a joke, but his past financial aids and donations to election campaigns paid off! and guess what? they will even attack Binance as a...
Bitcoin testing the broken support 18k before FED interest raye decision. Economists expect 50bps hike despite November inflation declined 7.1% with the 4% interest rate.
Following equities, SPY is testing a major resistance here and a short looks juicy for retail:
Following price cap on Russian oil, Opec+ is likely to cut oil supply for the second time.
Technically, CL has broken above the downtrend resistance and now in a correction wave.
Getting filled at $77 will give us the ideal RRR in this trade.
APTOS blockchain was a hot spot a month ago, now trading at $4 per APT.
Technically, PA in this ascending triangle looks very bullish and a breakout of the pattern will result in +30% move towards $8 mark as first resistance.
After the negative CPI numbers for US dollar index, investors and retail have turned officially bullish on equities after inflation peaked, DXY dropped vertically and gave gains to stock market closing the week green.
Now, price looks over sold and the formed pattern is very bullish ( ascending triangle), a breakout will drive price to 109.6 as a first target....
This breakout to the upside could send $BTC to $14000 or lower, technically this is a valid short setup. In terms of fundamentals, FTX's bankruptcy risk is putting pressure on crypto markets after Binance gave up on its intention to rescue the non US FTX. SBF has apologized in a recent tweet and said that it was his mistake! $8 billion is required to save him from...