Michaelir99c

Michaelir99c

Bitcoin (BTC) is currently experiencing a pronounced downtrend momentum, characterized by a series of lower lows and lower highs in its price action. This downward movement suggests a prevailing bearish sentiment in the market, with selling pressure outweighing buying interest. Support Level: Bitcoin is approaching a critical support level at 51108. This support...

Michaelir99c

Technical Analysis for GER40 (DAX/GER40) Bollinger Bands Breakout: The GER40 (DAX/GER40) is showing signs of a potential breakout from the Bollinger Bands, indicating increased volatility and potential trading opportunities. Key Levels: Resistance: The resistance level is identified at 18832.01. This level represents a price point where the upward movement of...

Michaelir99c

Breakout from 38-day Moving Average (MA) Volatility: A breakout from the 38-day MA volatility suggests a potential shift in the short-term momentum of crude oil prices. This could indicate increased volatility and possibly a change in the prevailing trend. Resistance Levels: First Resistance: 86.82 Second Resistance: 83.75 These resistance levels remain relevant...

Michaelir99c

From a technical standpoint, the rebound last week from levels below $2,300 encountered resistance near the $2,352-2,353 zone, which combines the 50% Fibonacci retracement level from the recent pullback and the 200-hour Simple Moving Average (SMA). Despite this, the subsequent decline found support near the $2,320 mark (23.6% Fibonacci level) and held firm just...

Michaelir99c

Bitcoin has recently exhibited signs of temporary downside momentum, with indicators suggesting a potential break below the lower band of the standard deviation. This analysis assesses the current technical dynamics and identifies key support and resistance levels for informed trading decisions. Key Points: Temporary Downside Momentum: Bitcoin is experiencing a...

Michaelir99c

Introduction: The Nasdaq Composite Index has recently shown bullish momentum, breaking above its 30-day moving average (MA) standard deviation and closing higher than its 200-day MA. This analysis explores the implications of these technical moves. Key Points: Breakout from 30-MA Standard Deviation: Indicates increased bullish sentiment and reduced...