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The USD/JPY pair fell following the release of Tokyo CPI dataThe Japanese Yen strengthened against the U.S. Dollar on Friday. The USD/JPY pair declined after recent gains as the Yen gained strength following the release of Tokyo’s Consumer Price Index (CPI) inflation data. This data is expected to support the Bank of Japan in raising interest rates in January. The Tokyo CPI inflation rate rose to 3.0% year-on-year (YoY) in December, up from 2.6% in November. Meanwhile, the Tokyo CPI excluding fresh food and energy increased by 2.4% YoY in December, compared to 2.2% the previous month. The Tokyo CPI excluding fresh food also rose by 2.4% YoY in December, slightly below the expected 2.5%, but higher than the 2.2% recorded in November. From a technical chart perspective, the USD/JPY pair tested the resistance level of 158.05 but failed to sustain that price and dropped to the support level of 157.58. If there are no significant movements ahead, this pair could continue to decline toward the previous support levels of 157.33 and 156.96.
by Alisa_Rokosz
USD/JPY Outlook: Strong Support at 156.08, Targeting 159.00The USD continues to maintain its strength as the Fed keeps interest rates high to control inflation. With expectations that the Fed will maintain this policy for at least the next few months, the USD will continue to have an advantage in competition with other currencies, including the JPY. This supports the USD/JPY in maintaining its upward trend. Looking at the technical chart, with an important support level at 156.08, this will provide momentum for the pair to continue growing and possibly break through the nearest resistance level at 157.69. Once this level is breached, the pair is likely to experience a strong upward movement, with the next target at 159.00. Traders need to closely monitor the signals from the Fed and BOJ in their upcoming policy meetings, and use key support and resistance levels to make informed trading decisions.
by Alisa_Rokosz
EUR/USD Price Prediction: Analyzing Recent Movements and OutlookHello everyone, today Alisa will discuss the movements of the EUR/USD currency pair. Let's make some predictions about the price of this pair! After a period of continuous decline, EUR/USD has seen a slight increase, currently trading near the 1.0420 level. This could be a sign of a temporary recovery following recent declines, especially as the euro has faced significant pressure from macroeconomic factors such as the European Central Bank's (ECB) monetary policy and the strength of the USD. The slight increase in EUR/USD recently may be due to investors adjusting their positions after previous sell-offs. However, if the USD continues to strengthen due to high U.S. bond yields or positive economic data from the U.S., this currency pair could struggle to maintain its current upward momentum. If the euro continues to maintain its recovery trend, key resistance levels will be at 1.0450 and 1.0500. These levels act as technical barriers, and breaking through them could open up opportunities for further price increases. However, this will depend on macroeconomic factors such as economic data from the Eurozone or ECB policies. The nearest support level for EUR/USD is currently at 1.0400, which could offer stability if the price continues to decline. Overall, the EUR/USD currency pair will continue to be strongly influenced by global factors, including U.S. and Eurozone monetary policies, as well as macroeconomic indicators such as GDP growth, unemployment rates, and the Consumer Price Index (CPI). Investors need to closely monitor market signals and economic data to make informed trading decisions.
by Alisa_Rokosz
Nov.26-Dec.02(ETH)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment. However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts. Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%. These macroeconomic and external factors will undoubtedly impact the cryptocurrency market. After rising to around $3,700 last week, ETH has been experiencing some volatility. The WTA indicator shows a disappearance of the blue bars representing whales, indicating a gradual reduction in large capital inflows. Meanwhile, the purple wave area on the ME indicator is widening, suggesting a strengthening of bullish sentiment. In summary, we believe that ETH may continue to fluctuate this week, and it is essential to be mindful of the risks associated with price volatility. We have adjusted the resistance level to 3,800 and the support level to 3,200. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
1
Nov.26-Dec.02(BTC)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment. However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts. Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%. These macroeconomic and external factors will undoubtedly impact the cryptocurrency market. Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend. In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000. Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency. Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.Since last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment. However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts. Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%. These macroeconomic and external factors will undoubtedly impact the cryptocurrency market. Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend. In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000. Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency. Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.
COINBASE:BTCUSD
by Sypool
1
#BTC 1D. Probable Correction. 11/23/24The current #BTC price is too high compared to market indicators, and there is a likelihood of a near-term decline. This often happens when Bitcoin reaches new highs, but these movements are not supported by genuine market strength and are instead artificially created to attract liquidity, which is later taken away by manipulators. It’s possible that Bitcoin won’t reach $100,000 (I personally don’t consider this scenario, let me clarify right away), despite the current growth. This could be due to manipulations by major players who won’t allow the price to rise to this level. However, this seems too obvious, so it’s unlikely. Don’t get your hopes up for a sharp decline. Personally, I believe Bitcoin won’t experience significant drops (corrections) in the near future but will instead continue moving steadily, avoiding sharp downward movements. In my humble opinion, Bitcoin’s upward trend will persist, but the price will fluctuate within a prolonged sideways range (as we saw this past summer). Ideally, we’d see a consolidation before the next significant growth. During this sideways phase, funds are likely to flow into other cryptocurrencies (altcoins), which have shown significant percentage gains in the past two weeks. However, Bitcoin's dominance in the overall cryptocurrency market capitalization remains high and hasn’t decreased, which currently prevents altcoins from achieving substantial growth. Once dominance drops, we’ll see significant growth across all cryptocurrencies. Taking this opportunity, I want to remind you once again that the current cryptocurrency market represents a unique moment that may never return. I urge you to stay informed about ongoing events to ensure you don’t miss out on this chance. In other words, I’m warning that Bitcoin might not show sharp growth in the current market, but significant movement is expected in altcoins. Pay close attention to this trend, and I’ll help guide you through it!
Short
by trendbooster
PAH3 - Opportunity to Buy a cheap Porsche? Stock - not a car :(GETTEX:PAH3 Quick Description of this stock: PAH3 is the ticker symbol for Porsche Automobil Holding SE (Porsche SE). Holding company that primarily owns a significant portion of Volkswagen Group's shares and exercises 53,3% of voting rights in Volkswagen. When you invest in PAH3 you are more exposed to Volkswagen's than Porsche AG's direct operations. These shares provide exposure to the broader automotive industry via VW's portfolio including Audi, Bentley, Lamborghini and others. _____________________________________________________________________________ Same as Porsche AG (P911) stock, we can see significant drop in price.. The highest point that price reached in 2024 was around 52.28 per share, with today's drop in price this marks 35.79% drop in 2024! As we can see on the chart ( I am using Monthly chart as this is a longterm investment and analysis) price is currently in the historic Demand Zone from where it bounced back up. Depending on how this monthly candle closes we may witness history repeat itself or we are going lower to the All-in Zone even better zone to invest. I called it All-in Zone as I think this stock is a great investment opportunity for those who wish to enter this market. You now have a chance to buy at price that we havent seen in 4 years! If we reach to the All-in Zone you will have a chance to buy this stock at a price that we havent seen since 2010 or even 2003 if we reach bottom of the zone. Nobody really knows what will happen with VW group and I am not here to make predictions or wild guesses. I just look at the chart and price history and look at where we might go next, I love technical analysis. So I started buying these stocks same as P911 each month... There is no guarantee for anything and this may be a really good opportunity. As there is big profit potential ! And if we go lower? You will just get a better average buy-in price. For those who are willing to take the risk and have some connection to the car industry - like me.. This may be a good investment in the long run. Also do not forget that owning this stocks Porsche will be paying you dividends once a year! Patience is the key! Play it smart!
GETTEX:PAH3Long
by Matko_MJ
Tesla’s Next Move: Riding the Q3 MomentumDescription: In this analysis, we dive deep into Tesla’s recent performance and explore potential future price action. Fueled by an impressive Q3 earnings beat, Tesla has seen a bullish surge. Here, I’ll guide you through key technical and fundamental insights, using the FibExtender Pro to map out support and resistance zones, and provide a structured plan for potential entry, profit targets, and stop-loss levels. My goal is to offer a clear perspective for those considering Tesla’s next moves, balancing optimistic outlooks with realistic caution in case of market reversals. Introduction: NASDAQ:TSLA has been the talk of the market this past week, with its third-quarter earnings report surprising analysts and investors alike. The company not only exceeded revenue expectations but also showcased significant growth in profit margins, particularly in its energy generation and storage segments. This recent performance has set a bullish tone, sparking a 26% surge in Tesla’s stock price over just a few days. This idea aims to explore Tesla’s current momentum, analyze key technical levels using the FibExtender Pro script, and present potential trading opportunities for the days ahead. I’ll break down my thoughts into straightforward sections for entry points, profit targets, and stop-loss levels based on recent data, technical indicators, and broader market sentiment. Tesla’s Q3 Earnings Fueling the Bullish Trend Tesla’s third-quarter report painted an impressive picture, with strong revenue growth and margin improvements that bucked some of the broader economic trends affecting the automotive industry. As electric vehicle adoption accelerates, Tesla continues to leverage its market leadership, supported by CEO Elon Musk’s optimistic guidance on future vehicle sales and advancements in autonomous technology. Notably, the company reported a significant 20-30% expected vehicle sales growth for 2025, adding fuel to the stock’s upward momentum​. This positive sentiment, combined with Tesla’s ambitious long-term goals (such as robotaxi deployment by 2026), has prompted many analysts to revise their price targets. While some have remained cautious, noting high valuations, the consensus leans towards a bullish short- to mid-term outlook, primarily due to Tesla’s earnings momentum and strong brand positioning. Technical Analysis with FibExtender Pro: Key Levels to Watch Using the FibExtender Pro script, which identifies Fibonacci-based support and resistance zones, we can map out Tesla’s potential price action in the short term. As illustrated in the chart, two crucial levels have emerged: a resistance zone near $277 and a support zone around $233. Let’s walk through these levels and explore possible scenarios for Tesla’s price action. Resistance at $277 : This level has been marked as a critical resistance zone based on recent price action and Fibonacci retracement levels. Given Tesla’s recent surge, reaching this level is a strong possibility if the bullish momentum continues. A breakout above $277 would indicate a strong bullish continuation and could open doors for Tesla to test even higher resistance levels, potentially moving towards the $290-$300 range. Support at $233 : On the downside, $233 represents a major support level where buyers may step in if Tesla faces a pullback. This level serves as a safeguard against market reversals, providing a solid entry for those looking to buy Tesla at a discount if market conditions turn volatile. Potential Trade Setup Entry Point: If Tesla’s bullish momentum continues, entering around the $250-$255 range would be ideal. This level allows us to capitalize on upward momentum while keeping a buffer below the resistance zone. However, patience may be key here; waiting for a slight pullback or a consolidation period around this range could provide a better risk-to-reward setup. Profit Targets: First Target at $277 : This is the initial resistance level, and a prudent place to secure partial profits, particularly if Tesla faces resistance here as it did previously. Extended Target at $290-$300 : If Tesla breaks above $277 with strong volume, the next resistance zone sits in the $290-$300 range. Reaching this level would signal continued bullish strength and could offer further upside for those willing to hold. Stop-Loss Level: To manage risk, consider placing a stop-loss just below the support level at $233. This stop will protect against a deeper pullback, potentially caused by profit-taking or broader market weakness. A more conservative stop could be placed at $240 to accommodate minor fluctuations while still protecting capital. Analyzing Broader Market Conditions While Tesla’s recent earnings and price action are compelling, it’s crucial to account for the broader market context. Macro-economic headwinds, particularly interest rate hikes and inflation concerns, continue to affect growth stocks. Additionally, Tesla’s valuation remains high, and any negative shift in investor sentiment could lead to a correction. Here’s how these factors play into our analysis: Interest Rates : Rising interest rates could create resistance for high-growth stocks like Tesla, as higher borrowing costs can impact both consumer spending and Tesla’s operational expenses. EV Competition : Although Tesla remains the market leader, increased competition from other automakers, such as Ford and Rivian, could influence its long-term dominance. Keeping an eye on developments within the EV sector is essential for assessing Tesla’s sustainability. Considering these factors helps us balance the optimistic outlook with realistic caution, preparing for any unexpected shifts in market sentiment. My Thought Process Behind This Trade Idea From a technical perspective, Tesla’s recent surge post-earnings provides a strong bullish setup. By analyzing the FibExtender Pro ’s support and resistance levels, I’ve identified the $277 level as a short-term profit target. My goal is to provide readers with a comprehensive view of Tesla’s current momentum and map out a clear trading strategy, combining fundamental strength with Fibonacci-based technical analysis . This approach is especially helpful in markets like Tesla’s, where rapid moves often require adaptable entry and exit points. Furthermore, it’s essential to consider profit-taking strategies. As Tesla approaches each resistance level, locking in partial profits can protect against sudden reversals, while maintaining upside exposure for continued gains. With stop-losses positioned below support, this strategy offers a structured risk-reward setup, balancing bullish optimism with prudent risk management. Conclusion Tesla’s recent performance and bullish sentiment provide a promising outlook for the stock. However, as with any trading decision, it’s essential to balance the potential upside with well-planned risk management. Based on the FibExtender Pro analysis, Tesla’s next key resistance level lies at $277, with an extended target of $290-$300. Support at $233 offers a safety net in case of market corrections. This idea aims to guide traders through Tesla’s current setup, blending fundamental insights with technical precision. By following this structured approach, we can make informed decisions, capitalizing on Tesla’s momentum while safeguarding against potential pullbacks. Whether Tesla continues its bullish climb or encounters resistance, this analysis provides a framework to adapt and respond confidently. Key Takeaways: Entry Range : $250-$255 Profit Targets : $277 (first target), $290-$300 (extended target) Stop-Loss : Below $233 (preferably around $240 for a conservative buffer) This trading idea seeks to balance optimism with caution, setting realistic targets that align with Tesla’s recent performance and technical signals. Remember, while the bullish setup is promising, unexpected market shifts could impact Tesla’s trajectory. Stay alert, manage your risks, and adjust your strategy based on real-time market feedback. Trade safe and stay informed! Let’s make smart moves together. – TradeVizion
NASDAQ:TSLALong
by TradeVizion
Ultimate Strategy ScreenerThis Strategy Screener is the ultimate tool which screens 40 instruments with a single strategy. The Basic concept of using this is to create a strategy that has high win rate and screener scans for the required conditions and generate a buy or sell signals. The signals are valid for a short period. After which they disappear. Only the Strategy Entry point or Buy/Sell Signals are indicated in the screener. The combination of Indicators used are displayed on the screener. Additionally the outcome of all unused indicators are also displayed as signals in the form of Direction Arrows below the Instrument Strategy Data. You can get the Buy/Sell Signals Based on the settings of indicators you combine. Also you can filter out the unwanted signals using the Trend filter. Zigzag Levels and Donchian Channel with Fibonacci Value are provided for entry and exit levels and stop loss values. S/R levels are also provided. The indicators that one can combine are as below. EMA200 VWAP Supertrend UT Bot SSL Hybrid QQE MACD Stochastic PSAR Stochastic RSI RSI Awesome Oscillator Linear Regression Candles EMA Crossover ADX Directional Index MACD Momentum Oscillator HVSA (hybrid Volume Spread Analysis) Williams % Range More Indicators can be added based upon requirements.
by traderharikrishna
8
Nov.12-Nov.18(ETH)Weekly market recapAs the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend. Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of specific policies by the Trump administration, including the establishment of regulatory frameworks and strategic reserves, will also play a vital role. Moreover, the ongoing participation of institutional investors is a key factor, as their capital flows often have a substantial impact on market trends. Currently, the cumulative net inflow for BTC ETFs stands at $27.714 billion, while ETH ETFs have seen a net inflow of $139 million. It is noteworthy that since August 5 of this year, Tether has minted over $7 billion USDT on the Ethereum blockchain. Changes in the supply of stablecoins have become an important market indicator; an increase in stablecoin supply not only reflects market confidence in cryptocurrencies but also provides potential support for subsequent price increases. After retreating to around $3,000 last week, ETH has been experiencing fluctuations. The blue bars of the WTA indicator, which represent whale activity, are still present. The orange wave area of the ME indicator has shifted to purple, indicating a strengthening of bullish sentiment. In summary, we believe that ETH may rise this week, but it is essential to remain cautious of price volatility risks. We maintain a resistance level at $3,400 and a support level at $3,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSDLong
by Sypool
Nov.12-Nov.18(BTC)Weekly market recapAs the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend. Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of specific policies by the Trump administration, including the establishment of regulatory frameworks and strategic reserves, will also play a vital role. Moreover, the ongoing participation of institutional investors is a key factor, as their capital flows often have a substantial impact on market trends. Currently, the cumulative net inflow for BTC ETFs stands at $27.714 billion, while ETH ETFs have seen a net inflow of $139 million. It is noteworthy that since August 5 of this year, Tether has minted over $7 billion USDT on the Ethereum blockchain. Changes in the supply of stablecoins have become an important market indicator; an increase in stablecoin supply not only reflects market confidence in cryptocurrencies but also provides potential support for subsequent price increases. Last week, BTC exhibited a volatile trend, with significant price fluctuations. The WTA indicator shows the appearance of blue bars representing whales, indicating the presence of large capital. The purple wave area on the ME indicator is widening, suggesting a strengthening bullish sentiment. In summary, we believe BTC may experience an upward movement this week, but caution is warranted regarding price volatility risks. We have adjusted the resistance level to $95,000 and the support level to $85,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSDLong
by Sypool
USD/JPY: Ready to Break 154.8 and Push to New HighsExpectations around Trump's import tariffs are supporting U.S. bond yields, strengthening the USD and continuing to pressure JPY. The recent depreciation of JPY could lead to potential intervention from the Japanese government, preventing further short-selling ahead of the U.S. consumer inflation data release. Looking at the price chart, the USD/JPY pair has maintained a steady uptrend for an extended period, reflecting the strength of the USD relative to JPY. Recently, the pair has broken through significant resistance levels and continues to set new highs, reinforcing the current bullish trend. In the short term, there is a strong possibility that the pair could break the 154.8 resistance level. This level is currently a key point of resistance, but given the current upward momentum, the price is likely to surpass it and continue rising. An additional factor supporting this potential move is the upward-sloping trendline, which remains intact and indicates that the bullish trend is being sustained. With these factors in mind, it is reasonable to expect the USD/JPY pair to continue its upward trend in the near term, particularly if the 154.8 resistance level is broken. The stable uptrend and solid support from the trendline suggest that the price has the potential to continue rising, opening up opportunities for new highs.
by Alisa_Rokosz
Nov.05-Nov.11(ETH)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States. Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant. Last week, there was a substantial net inflow into ETH ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market. Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into ETH ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for ETH's rise last week and its potential future increases. Under the leadership of BTC, ETH exhibited a one-sided upward trend last week, with the increase nearly compensating for the decline experienced since July of this year. The WTA indicator has shown blue bars, indicative of whale activity, suggesting significant capital inflow. Meanwhile, the orange wave area of the ME indicator is rapidly tightening, signaling a weakening of bearish sentiment. In summary, we anticipate that ETH may rise this week, although caution is warranted regarding potential pullbacks. We have adjusted the resistance level to 3400 and the support level to 3000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSDLong
by Sypool
Nov.05-Nov.11(BTC)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States. Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant. Last week, there was a substantial net inflow into BTC ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market. Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into BTC ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for BTC's rise last week and its potential future increases. BTC exhibited a one-sided upward trend last week, continuously reaching new highs near $90,000. The WTA indicator shows the appearance of blue bars representing whales. This macro shift is beginning to attract large capital. The purple wave area on the ME indicator is widening, indicating strengthening bullish sentiment. In summary, we believe BTC may rise this week, but caution is warranted regarding potential pullbacks. We have adjusted the resistance level to $90,000 and the support level to $79,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSDLong
by Sypool
EUR/USD tumbles below 1.0800 on Trump’s tariff planThe EUR/USD pair has declined amid a renewed demand for the US Dollar (USD) during Friday's Asian trading session. Additionally, Donald Trump's proposed tax increases have put pressure on the Euro (EUR) against the USD. Traders are now awaiting the US November Michigan Consumer Sentiment data for further market direction, along with a speech by Federal Reserve official Michelle Bowman later this week. Looking at the technical chart, the EUR/USD pair is currently in a downtrend, trading around 1.0780, down 0.2%. With resistance at 1.080, the pair has faced difficulties and has dropped to the support level at 1.071. Given the current factors, there is a possibility that the EUR/USD pair could break this support level and continue moving lower. Investors need to closely monitor economic data and comments from the Fed to catch any new signals from the market.
by Alisa_Rokosz
Oct.29-Nov.04(ETH)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of ETH surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable. Currently, the differing expectations regarding monetary policy and future inflation between the two candidates in the U.S. election make the election outcome pivotal for the mid-term trajectory of BTC, while also impacting the price of ETH. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations. Last week, ETH experienced an initial rise followed by a decline, but the overall fluctuations were minimal, remaining within a consolidation range without any significant trend. The WTA indicator showed blue bars representing whales, which disappeared after Saturday, indicating a withdrawal of substantial capital. The ME indicator continues to reflect a bearish trend. In summary, we anticipate that ETH may continue to oscillate this week. We maintain our previous resistance level at 2800 and support level at 2200. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
1
Oct.29-Nov.04(BTC)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of BTC surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable. Currently, the outcome of the U.S. presidential election is pivotal for the mid-term trajectory of BTC, given the differing monetary policy and inflation outlooks of the two candidates. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations. Last week, BTC experienced an initial rise followed by a decline, breaking through the resistance level to reach $73,590 on Tuesday. The WTA indicator showed the emergence of blue bars representing whales, but these disappeared after Saturday, indicating a withdrawal of significant capital. The ME indicator remains in a bullish trend. In summary, we anticipate that BTC may experience considerable volatility this week. We have adjusted the resistance level to $74,000 and the support level to $67,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSD
by Sypool
1
BTC is still maintaining a very STRONG BULLISH momentumHello traders, As i analysed before, the BTC price went to our favor and went bullish hitting targets on the 1H and 30mn charts anfter making some corrections and pullbacks. the BTC is approaching a previous Monthly level of 73907 where price may get rejected and go back to a LH monthly level of 71591 giving short trades opportunities. But if price breakes the 73907 we definitely gonna reach the $90000 level next month as the overall direction and trend is bullish and price was just making corrections the previous weeks accumulating momentum to a strong bullish move. Keep watching and seize the opportunity. Good luck
Long
by YMtradingsystem