#NVDA update: #Wallstreet back online after holidays with a familiar trend. As major chipmaker stocks significantly outperformed the broader market. Nvda stocks surged over 6% ->1.128, reaching New ATH. ( #ElonMusk xAI plans to build supercomputer fuel by #nvidea chips ) NVIDIA keeps on producing incredible results. We got ourselves another gap up to the...
Clean liquidity being built. We know what to look out for
Following the recent Bitcoin 2% dip as Mt. Gox wallets move over $7 billion crypto exchange Mt. Gox moved over 107,000 BTC worth nearly $7.3 billion to a single unknown wallet ahead of its plan to return BTC to creditors before October. This has caused a massive FUD as price dips down to FWB:67K A CUP AND HANDLE CHART PATTERN has been formed in the WKLY TF...
Although the Dow Jones initially squandered its chance of a recovery today, prices are likely to rise soon. The performance of the index does not harmonize with the overall market sentiment. The RSI and MACD are extremely oversold. Market internals such as the VOLD also point to cautious selling interest. For these reasons, we once again see a long opportunity...
GOLD is at its all-time high levels and will continue in the price discovery action. Why? On the chart, you can see a cap and handle formation that is currently breaking out on the monthly chart. This is a huge event for gold, and therefore the price can double in a few years from now. Does it mean that we will see a multi-year bull market? Definitely yes. This...
A pivotal moment as the stock breaks through the channel with a bullish surge, hinting at a potential shift in market sentiment. Here's a closer look: Positive Indicators: • Financial Resilience: There are signs that GameStop is gaining control over cash burn and losses, suggesting a possible turnaround in its financial stability. • Margin Expansion Potential:...
OGI got an upgrade from hold to buy and with it a target of 5.25 or more than double current valuation. The ballot iniative in Florida and legalization in Gremany are recent news. VP Harris seeks to make legalization an lection issue this fall while pushing for a DEA reboot on the whole cleassification of MJ. Prospects for growth seem more clear for OGI . I...
As previously discussed we expect further pa to the downside and the market to hunt for the HTF sellside liquidity. Market just traded through the sellside liquidity. Hope some of you guys managed to get onboard or at least LEARNED something form the idea. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a...
Gold technical analysis Daily resistance is 2370, support below is 2327 Four-hour resistance is 2370, support below is 2327 Gold operation advice: Yesterday, the overall price of gold stabilized above 2330 in the short term. However, the current hourly line and 4-hour chart are still in the downward rhythm of short pressure. The 4-hour level still sees a...
A target potential of 65 TL was detected from the current level. Of course, this won't happen right away. Accumulate positions patiently towards the long-term goal. I do not expect the price to move below the stop loss. Contrary to popular belief, stock markets are not falling markets. The chart wave structure is suitable for long positions. The...
1. US30 on support level. 2. Chances are high for long from this level. 3. once its broken below short we can expect a short un till its long.
The Japanese Yen is currently exhibiting weakness in the forex market, particularly highlighted by its recent 4.5% decline against the British Pound (GBPJPY). This decline follows the Bank of Japan's (BOJ) intervention efforts. While such sharp movements may evoke fear among traders, it's essential to recognize historical patterns. The BOJ's interventions have...
GBPUSD has broken above the 1.26 level following the CPI data from last week which resulted in DXY losses. Expect price to continue up to the 1.28 level. Await short term price action above or below the previous day high/low (PDH/PDL) before entering long orders.
Fundamental Outlook: Current Australia Interest Rate: 4.35% (Weaker compared to USD) Current US Interest Rate: 5.5% (Stronger compared to AUD) Based on the interest rate difference, AUDUSD is bearish. The following upcoming news events and data releases are crucial to watch, as they may impact AUDUSD's trajectory: May 27, 2024: Bank Holiday (low market activity...
This strategy involves capitalising on price divergences that revert to their mean over time. Currently, key indices and interest rates indicate a strong setup for this strategy: JXY (Japanese Yen Index): The JXY is down almost 3.4% from its previous lower high. DXY (US Dollar Index): The DXY is up over 4% from its previous higher high. Interest Rates: US...
1. EURCAD trading above the trendline. 2. Once its swept the support zone we may take a short entry depends on the upcoming fundamental news. 3. If 1.47300 support level broken with 200 EMA crossed then its the confirmation for short. 4. I'll update further details on coming days. please follow and support.
$WELSH is the first #Bitcoin memecoin, set to become the official mascot and ambassador for COINBASE:STXUSD Stacks. This charming dog aims to attract new users to Stacks and foster the development of new solutions within the ecosystem. Currently, $WELSHUSD is trading around the 0.618 Fibonacci retracement level from its low to its all-time high in March....
BINANCE:ETHUSDT is forging a retest of the key support area. On the background of NFP publication, the coin grows following the flagship - BTC and tests 3130. We are waiting for a retest of 3200. An interesting promising candlestick pattern is forming on W1 on the background of the retest of the key support, which is the resistance of the previously broken...