Current Price: 16.7 (Analysis was generated on Monday Morning) Direction: LONG Confidence level: 38%(Limited trader data available with weak social volume, but bullish comments slightly outnumber bearish ones and there is no strong coordinated bearish narrative forming.) TargetsTarget 1: 17.20Target 2: 17.55 Stop LevelsStop 1: 16.20Stop 2: 15.85 Key Insights:Here’s what’s driving this setup right…
I’ve never seen the Nasdaq this stretched. +5 ATR right now, and I don’t remember ever seeing that in all the years I’ve been doing this. There’s probably going to be a wicked pullback at some point. I don’t know what’s going to trigger it, and I don’t know if it’s a gap-up that gets…
Ethereum, Solana, and SEI face critical resistance levels amid cautious altcoin market recovery. Bitcoin dominance and macroeconomic uncertainty continue limiting broader altcoin rally momentum. Solana and SEI show strong technical breakouts supported by growing ecosystem developments. As the crypto market moves through the first half of May, investors are still taking a careful approach to…
Market Overview The crypto market capitalisation has stalled at around $2.70 trillion, reflecting ’s indecision around $80,000. At the same time, risk aversion is mounting in global markets, which can be easily linked to profit-taking following the rally and the US dollar’s upward momentum. Among the top coins, the leaders over the past day…
We’ve heard the drumbeat growing louder and louder by the day… Every boss, every CEO, every talking head on CNBC is shouting the same thing: “AI is coming for your job!” Maybe that’s true for some… But when it comes to trading, the most recent data proves (once again) that AI-based trading algorithms are nothing…
The price of crude oil futures settled at $98.07, up $2.65 or 2.78% on the day. Looking at the hourly chart, the low price today reached $96.13, briefly pushing below the rising 100-hour moving average, currently at $96.96 (blue line on the chart below). However, sellers were unable to sustain momentum below that key support…
The NZDUSD moved lower during the Asian-Pacific session in sympathy with the broader US dollar strength. However, each dip toward the rising 100-hour moving average attracted willing buyers, with the pair bouncing on several separate tests of that key support level. The inability to break below the 100-hour moving average helped give buyers the green…
The USDCHF continues to lean against its 100-hour moving average as a key resistance barometer. Corrective rallies last week stalled against that moving average on Tuesday, Wednesday, Thursday, and Friday — and today’s rally attempt once again failed near the same level. If buyers are to take back more control, the pair needs to break…
The price of Meta Platforms gapped sharply lower following its April 29 earnings release, as investors reacted negatively to the company’s increased capital spending plans — a development that triggered aggressive selling pressure. On the day of the earnings reaction, the stock fell decisively below its 100-hour moving average, 100-day moving average, and 200-hour moving…
Two years ago, Intuitive Machines (LUNR) tipped its lunar lander over on the moon. The IM-1 mission landed in February 2024, then immediately fell on its side, and the stock spent most of that year trading in single digits while traders moved on to the next story. The company had failed publicly, on live video,…
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