Bitcoin (BTCUSD) is approaching a critical zone between 89,000 and 92,000. If it maintains support in this range, there is potential for a bounce toward the recent high of around 104,000 and possibly up to 120,000. As long as Bitcoin stays above the key support levels of 89,000/92,000, the upward momentum is expected to remain strong.
EUR/USD appears to be in the process of bottoming out and is poised for an upward movement. Key support levels are seen around 1.05, and as long as the pair remains above 1.05/1.04, there is potential for a short-term move toward 1.06, with the possibility of reaching 1.07. Over the longer term, the pair could trend toward 1.15 if it maintains upward momentum.
Based on the recent price action of DOCU stock, it has reached a critical level of around 96, which aligns with where the market opened after the earnings report. If DOCU maintains this key support level of 96, there is potential for a short-term upward movement toward the resistance level of 105.6. This potential move hinges on the stock holding above the 96...
CELH stock has recently reached a key support zone between $25 and $28, following a 75% decline from its peak of $99.62. This support area could potentially trigger a short-term rally, with an upside potential of about 20% towards $35. Celsius (CELH) has seen strong growth in recent years, thanks to its health-focused energy drink brand. However, the company faces...
The iShares Russell 2000 ETF (IWM) provides exposure to small-cap stocks, which historically perform well during economic expansions, often outperforming large-cap indices like the S&P 500. With the potential for a lowering interest rate environment, IWM is positioned to outperform the S&P 500 in the coming year. Recently, it breached a key historical resistance...
Micron Technology (MU) stock reached a 52-week high of $157.54 on June 18, 2024. As of November 27, 2024, it trades at $97.35, marking a decline of approximately 38.2% from its peak. This decline may present an opportunity for investors to "buy the dip," especially as the stock remains within a long-term upward trend. Current support levels are identified in the...
🚨 Bitcoin Pullback in Action! 🚨 Before reaching the anticipated $100,000 milestone, Bitcoin has started to pull back. Current support appears to hover around $90,000, aligning with the 10-day moving average and previous weekly closing prices. Is this a healthy correction before the next big move, or a sign of consolidation at these levels?
DE is finally breaking out of the consolidation phase it has been stuck in for months and appears to be resuming its long-term bullish trend. The long-term target is estimated to be around the 1000 mark. Deere & Company (DE) has strong long-term potential due to its leadership in agricultural technology and steady profitability. Innovations like autonomous...
ALB is showing signs of an upward shift, holding above the 200-day moving average, breaking a long-term trendline, and forming a reversal pattern. The upside potential points to a range between 250 and 300, while the downside risk is estimated at 80 to 90. Last quarter, the stock rebounded from a low of 72, which aligns with a long-term trendline. If ALB stays...
GEHC recently began to pull back from 94.55 towards a support zone below 77, with the first major support around 75. If the stock holds above this level, it is highly likely to see a gradual rise toward the 100 and 120 target zones, potentially reaching these levels by June 2025. The stock has significant growth potential in the future if it manages to establish...
TOST stock has recently broken out of its base pattern, signaling a continuation of the upward trend with potential for further gains toward $65 or higher. As long as the stock remains above the key support zone of $35/$36, the long-term outlook remains bullish.
EURAUD is approaching a key support zone between 1.605 and 1.611. It is likely to bounce back toward the 1.62 to 1.63 area.
The EUR/USD currency pair has recently shifted from a downward trend to a more upward trajectory after hitting a low of 1.076. Currently, it is trying to maintain a position above 1.08. In the near term, it is likely to rebound off a support zone between 1.08 and 1.084, with price targets set for 1.09 and 1.092.
EURCHF has formed a strong base pattern between 0.93 and 0.937 and is likely to break out of this bottoming pattern in the near future toward 0.97. As long as EURCHF stays above 0.93, an upward trend remains possible.
USDCAD is approaching a critical resistance zone between 1.39 and 1.396. Despite the upward price movement appearing persistent, it seems unsustainable, indicating a potential downside move toward the 1.37 to 1.38 range. As long as USDCAD remains below 1.396, the potential for a downward shift is likely.
There are two possible scenarios for EUR/USD. The first scenario indicates signs of bottoming, with the potential for the pair to move straight up toward the 1.09 to 1.10 range. The second scenario involves a possible test of support around 1.078 before rebounding back toward the 1.09 to 1.10 area. As long as the price stays above 1.075, the outlook for EUR/USD...
IWM is likely to break through key resistance around 220, continuing its upward momentum toward 300 and 330. The stock seems to have formed a local bottom near 215, and as long as this level holds, the long-term upward trend is expected to persist.
EURUSD is expected to rebound in the key zone between 1.078 and 1.082, with a potential move upward toward the 1.105 to 1.115 range by the end of the quarter. As long as EURUSD holds above 1.08, the outlook for an upward trend remains likely.