CRYPTOCAP:SOL is testing the Diagonal Trendline on the 4H TF! :pushpin: Plan: Wait for a breakout and retest to confirm a long position. :small_red_triangle_down: Support: PWL $201.6 :small_red_triangle: Resistance: PMH $264.6 Patience pays! Keep it on your watchlist. :eyes:
- EURGBP reversed from resistance level 0.8300 - Likely to fall to support level 0.8225 EURGBP currency pair recently reversed down from the key resistance level 0.8300 (former strong support from October) intersecting with the 61.8% Fibonacci correction of the downward impulse from November. The downward reversal from the resistance level 0.8300 continues the active short-term impulse wave (v) from the middle of November. Given the strong daily downtrend and bullish sterling sentiment seen today, EURGBP currency pair can be expected to fall further to the next support level 0.8225 (low of the previous impulse wave i).
SQ The SQ stock has broken the $95 resistance level after a prolonged consolidation. The next target price is $148.64, with a potential upside of approximately 57.85%.
"Click Here?️ and scroll down? for the technical, and more behind this trade!!! ________________________________________________________ ________________________________________________________ ======================== ..........✋NFA?.......... ======================== ?Technical/Fundamental/Target Standpoint⬅️ 1.) Rising Mining Difficulty: The recent increase in Bitcoin's mining difficulty poses a significant challenge for miners like BTDR, especially those who are not energy-efficient. This could erode their profit margins. 2.) Declining Financial Performance: The company's projected reduced revenue and negative net income for the past three quarters of 2024 indicate a concerning trend. 3.) Potential Lagging Correction: Given the recent correction in Cleanspark, a similar downward trend for BTDR seems likely, especially considering their similar business models. ?Global Market Sentiment⬅️ Bullish Factors: - Historical Data: The 62% chance likely stems from historical data showing a tendency for positive performance in December. - Potential Rate Cuts: Market expectations of potential rate cuts by the Fed could boost investor sentiment and drive asset prices higher. Bearish Factors: - Economic Uncertainty: The possibility of a recession could negatively impact market sentiment and lead to increased volatility. - Fed's Tight Monetary Policy: The Fed's ongoing efforts to combat inflation through higher interest rates could put downward pressure on asset prices. ================================= ...???Before You Go???… ================================= Leave a like? and/or comment?. We appreciate and value everyone's feedback! - assetsandcoffee?☕"
https://www.tradingview.com/x/r1Zdw3xD/ Hello,Traders! EUR-JPY is making a local Correction but the pair will Soon retest a horizontal support Level of 160.500 from where We will be expecting a Local bullish rebound Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
There are 2 trend lines. One from 2017 top and 2nd one from january 2023 + price currently trading little bit above 1.618 golden ratio
after taking liquidity with full body sweep we may see USDCHF going bearish to lower levels
Nasdaq Hits Record High: The Nasdaq Composite soared to a fresh record high, driven by gains in Big Tech stocks like Tesla, Google, Amazon, and Apple. The index closed up 1.2%. Tip: Keep an eye on these tech giants as they continue to drive market momentum. Bitcoin Reaches New All-Time High: Bitcoin briefly surged past $107,000, hitting a new all-time high ahead of the Federal Reserve's final policy decision meeting this week. Tip: Consider the potential impact of the Fed's decision on Bitcoin and other cryptocurrencies. Federal Reserve Meeting: Investors are eagerly awaiting the Federal Reserve's final rate policy meeting of the year, with a 25 basis point rate cut widely anticipated. Tip: Stay updated on the Fed's announcements and be prepared for market volatility. European Markets: European shares were mostly in the red as investors braced for a heavy schedule of economic reports and interest rate announcements. Tip: Monitor European market trends and economic indicators for potential trading opportunities. US Market Mixed: Major US indices ended mixed, with the Dow Jones Industrial Average falling 0.2% while the Nasdaq rose 0.1%. Tip: Diversify your portfolio to manage risk and take advantage of different market movements. Global Regulatory Brief: The UK Financial Conduct Authority (FCA) published its final policy statement on the new transparency regime for UK bonds and derivatives markets. The changes aim to ensure better, quicker, and clearer data at a fair price. Tip: Stay informed about regulatory changes that could impact your trading strategies. Copy Trading: Copy trading is gaining popularity as it allows users to replicate the trades of successful investors, providing exposure to various asset classes without needing to do the research themselves. Tip: Explore copy trading platforms to diversify your trading approach. Cocoa Futures: Cocoa futures reached a fresh record in New York as the market battles renewed supply concerns, increasing the chances that high costs will worsen for chocolatiers and consumers. Tip: Consider commodities like cocoa futures for potential trading opportunities. Trump's Crypto Plans: US President-elect Donald Trump has announced plans to create a US strategic Bitcoin reserve, similar to the US Strategic Petroleum Reserve. This move aims to position the US as the global leader in cryptocurrency and could significantly impact Bitcoin's value. Tip: Keep an eye on political developments that could influence cryptocurrency markets. Crypto Policy Blitz: Analysts predict a wave of pro-crypto legislation in 2025, with states potentially opening up to crypto investments for public pension funds and treasuries. Trump's administration is expected to push for deregulation and increased government buy-in to stabilize Bitcoin's price. Tip: Stay informed about legislative changes and their potential impact on the crypto market..
So we should finish ABC coorection (if there will be ABC), and then we should start the 3rd wave of senior cycle to 1$. It's only a Hypothesis, not an investment recommendation. Will see.
It's hard not to be bullish on $GNS. Bitcoin reaching all time highs and a AMEX:GNS holding over 200 of them, having paid circa $93,500 for them provides an immediate return on that investment. I like what the company have planned for Jan 2025, with its education platforms. At a price of less than a dollar per share, this appeals greatly to me. That combined with the chart set up. In a long downward channel, I expect any breakout to be violent. When you look at the daily, I see a bullflag forming. IF this is correct, my personal first target will be $2. Likely then a backtest before a lot more upside moving to ~$3.80. The volume has been drying up, which is what we want to see in a bullflag. At 70c this is a good gamble in my eyes. I'll be waiting for either 2 daily closes, 1% or 3% break of trend for confirmation. Not financial advice.