Gold broke its downward trendline and surged last week. Yet, today, this precious metal is undergoing a correction after its rapid ascent, with its peak nearing $2200 USD. Currently positioned around $2160 USD, the metal is expected to further decline, not only providing better buying opportunities but also enhancing market liquidity and accumulation potential.
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USDJPY has initiated a recovery, climbing to 147.33 with support garnered from the 146.500 region. The price started to adjust and rise as the Japanese Yen weakened following the Bank of Japan's (BoJ) skepticism about Japan's economic outlook. Meanwhile, market sentiment remains positive ahead of the US Consumer Price Index (CPI) data for February, to be released...
Although interest rates are still remaining high, gold prices are remaining stable and history has proven that gold prices will respond positively to lower interest rates and quantitative easing. Besides, geopolitical risks and unexpected crises can also be the reason to push gold prices higher. Despite record high interest rates, gold shows notable upside...
Gold prices are hovering near record highs, reaching close to $2,200 USD/oz last Friday. The precious metal's momentum is pausing as investors await a pivotal US economic data release. The US Department of Labor is set to unveil the February CPI report on Tuesday (3/12). Economists surveyed by Dow Jones anticipate a 0.4% month-over-month increase in CPI for...
NEAR USDT TO $12 Long accumulation phase on daily timeframe that finally broke out. A move like this could have potentially a lot of upside. We saw the same with AVAX a few months ago, albeit on the weekly timeframe. And we played AVAX when it was under $10 to catch that megapump upwards of $40. NEAR could go a lot higher, with $12 just being the first...
Cosmos (ATOMUSD): BINANCE:ATOMUSD ATOMUSD For Cosmos (ATOM), the analysis begins with the correction phase that concluded around $5.65, following the first bull market. Since this point, Waves (1) and (2) in blue have been formed and completed, with the local high of Wave (1) at $17.16. This correction was a three-part downward move ABC. Upon closer...
Litecoin (LTCUSD): BINANCE:LTCUSD In the 4-hour chart for Litecoin (LTC), it appears that we've seen the end of the subordinate Wave (iii) and Wave (5) at the 227.2% Fibonacci extension level. Now, we're anticipating a Wave (iv) correction, which should reach the 38.2% to 50% level. We don't expect it to fall much further. It should surpass Wave (iii), at...
In this analysis I want to dive deeper into on-chain analytics, namely the amount of the BTC supply that has not moved in over 1-year (read: investors that hold BTC for >1 year). This metric is important because it gauges the amount of hodlers in the market. Historically, the amount of hodlers always goes up during bear-markets and goes down during...
In my opinion it could be an attractive position ------------------------
Analyzing the options chain and the chart patterns of NCLH Norwegian Cruise Line Holdings prior to the earnings report this week, I would consider purchasing the 16.50usd strike price Calls with an expiration date of 2024-3-28, for a premium of approximately $1.00. If these options prove to be profitable prior to the earnings release, I would sell at least half of...
If you haven`t sold ZM before the previous earnings: Then analyzing the options chain and the chart patterns of ZM Zoom Video Communications prior to the earnings report this week, I would consider purchasing the 61usd strike price in the money Calls with an expiration date of 2024-3-1, for a premium of approximately $3.95. If these options prove to be...
In the wake of Apple Inc.'s recent fiscal first-quarter results, a concerning narrative unfolds as the tech giant faces significant challenges. Sales in China plummeted by 13%, amounting to $20.8 billion in the quarter ending December 30. This stark decline not only fell short of analysts' expectations, who had predicted $23.5 billion, but also marked Apple's...
If you haven`t sold MRVL Marvell Technology before the previous earnings: Then analyzing the options chain and the chart patterns of MRVL Marvell Technology prior to the earnings report this week, I would consider purchasing the 72.5usd strike price in the money Calls with an expiration date of 2024-3-15, for a premium of approximately $8.30. If these options...
ADA has formed a bullish pattern 🔵Entry Zone 0.7201 - 0.7399 🔴SL 0.6703 🟢TP1 0.8054 🟢TP2 0.8996 🟢TP3 0.9632 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with...
If you haven`t sold BNB on the triple top: Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $394 - $420 range!
SNX has formed a bullish flag 🔵Entry Zone 4.476 - 4.605 🔴SL 4.233 🟢TP1 5.158 🟢TP2 6.078 🟢TP3 8.018 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes...
Well, By checking the GBPAUD daily chart, we can see the price grabbed the buy side liquidity then had a bearish reaction, and activated the bearish daily breaker block. Then to see more details we should check the 1 Hour chart. In 1 hour chart there are two bearish scenarios. The first one is, that the price takes the liquidity above 1.939 and then falls to...