The S&P 500 managed to reach a fresh all time high at 5.322 during the previous week, supported by the market optimism. This was a gain of 1.5% on a weekly level. There are currently several reasons for such a move. Certainly, economic data is currently one of the most watched by the market. Posted inflation data in the US for April, showed that the inflation was...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
Look at that powerful trend line. MACD also shows a good situation. . . . But if we look at the news, It may take a week for the price to increase. Not too far Not too late.
Yesterday Nvidia reported the Q4 2023 earnings report with flying color, beating not only top line and bottom-line estimates but also projected beating earning expectation for Q1 2024 and robust growth not only in 2024 but also 2025. Things are even more positive since there will be a new and better replacement chip for the H100, one of the top line AI chips. The...
Hello Traders! Here’s a quick update on Bitcoin’s price action: Bitcoin broke out of its descending trendline last Wednesday, also confirmed by the RSI. A head and shoulders pattern has formed, indicating a potential trend reversal. Bitcoin faces strong resistance at $67,000. Breaking this level could signal a continued bullish trend. The key support is the...
This week's trade could be a decision between gold and silver. The former might be swayed by the seven fed officials that are planned to speak this week, while the latter could be influenced by the #SilverSqueeze movement that is tangentially related to the meme stock frenzy that reignited last week. Gold Technical Gold (XAU/USD) prices rose at the end of...
Investors are still weightening the latest inflation data posted during the previous week. Posted inflation figures were in line with the market estimate. Inflation rate reached 3.4% on a yearly basis, while core inflation eased to 3.6% in April. By putting it into a perspective of jobs data and consumer sentiment, inventors are perceiving that the first rate cut...
The minute that traders started to call the BTC market as “boring”, BTC decided to show them some action. Price moves as seen during the previous week the market participants were waiting for some time in the past. The price of BTC finally moved from the $60K support and it was pushed toward the highest close at $67.500 in midweek. However, it encountered...
At one point this week, GameStop was up some 265% from Monday to Wednesday. That's 48 hours of trading, up 265%, and on rather large sums of volume at a $10+ billion market cap. This is real money, fast money and that's why it's hard to ignore such price action. While many traders made and lost money on this hype trade, there is one group that played it...
Hey team Hope you are Enjoying our ideas and Analysis, Today we are monitoring XAUUSD Looking for Bullish+ BEARISH update (Prediction) GOLD → Are the bulls ready to break through 2430 and go GOLD on the background of weak dollar and favorable fundamental background realizes the accumulated potential after breaking through resistance. The price is testing the...
Current Cardano or ADA price is USDT0.6813 as per 29 Feb 2024. Currently the price of all Cryptocurrency is going up due to the approval of Bitcoin spot ETF in the US and the anticipation rally of the Bitcoin Halving in some time around April 2024. These are the current strong tailwind driving the Cryptocurrency market higher before the Bitcoin Halving. If there...
Hello traders! ‼️ This is my perspective on GOLD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance and then rejects from trendline. Like, comment and subscribe to be in touch with my content!
The Arbitrum DAO has approved an eight-week pilot M&A program following overwhelming support for the proposal. On-chain metrics suggest that Arbitrum ( AMEX:ARB ) may experience a rally soon, despite a recent 7.5% increase in its value. The pilot program received over 99% support from DAO members and aims to conduct data-driven research and discussions to inform...
🔸in daily chart can notice a power of 3 (Accumulation ,, manipulation ,, Expansion)" 🔸we are in stage 3 (expansion) accordibg to my vision.. that matching so likely with RSI indicator...(breaking out multi-month trendline) 🔸must be considerd that the price breaking out a POC line with large green candle too 🔸price now testing the 0.618 fib (golden level) 🔸so...
WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises B2C platform Weedmaps, and B2B software WM Business. This is not a financial advice! Weed related company - Sector is hot right now. Rel. Vol on 03/23/2024 at 3.59 We need to stay in a bullish overal sentiment of the market. If we see a corretion, this...
Weekly: 1. Direction: Bullish 2. Reasons: 1. Price took recent swing high 2. massive displacement to the upside 3. Price is moving from ERL to IRL Daily: 1. Direction: Bullish 2. Reasons: 1. Price is respecting the daily FVG 2. Good displacement to the upside 3....
It appears that Xrp is still following the same trendlines. The convergence is delayed and clearly this could be a last ditched effort in making people sell their treasured Xrp bags. Whatever you do... don't give up and hodl that little bit longer. Xrp is still trending upwards in these lows and we can see where it's headed. Time is running out for the...
Arcutis Biotherapeutics Inc is a medical dermatology company. It is developing treatments for patients with immune-mediated dermatological diseases and conditions. It is leveraging recent advances in immunology and inflammation to develop differentiated therapies against biologically validated targets to solve persistent treatment challenges in serious diseases of...