BTC - Bullish potential"This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
The market has been in a prolonged downtrend, with a sharp decline in BTC causing significant volatility in the Alt Coin market.
Currently, BTC is positioned at a key resistance level, suggesting the potential for an upward movement. The market sentiment is buoyed by some positive news, but liquidity issues remain a concern. Adequate liquidity is essential to support any bullish momentum and counteract the bearish pressures.
Chartanalysis
BTC - Bullish potential"This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
The market has been in a prolonged downtrend, with a sharp decline in BTC causing significant volatility in the Alt Coin market.
Currently, BTC is positioned at a key resistance level, suggesting the potential for an upward movement. The market sentiment is buoyed by some positive news, but liquidity issues remain a concern. Adequate liquidity is essential to support any bullish momentum and counteract the bearish pressures.
MAPMYINDIA : OverValued ?www.tradingview.com
It has been observed a remarkable increase in stock's trading volume (approx. 20x each day in last 2 days) and price over the last two days as well. The current price has reached what our system projected as the best-case scenario for the next 12-months. Hence leaving no scope for further increase and its sustainability.
Though this surge seems to align with market behaviors where high volume often indicates strong buying interest and a positive outlook on the stock's value. However, such spike also invites questions on this trend and its sustainability. Often it has been seen that a sharp profit booking start before the trend continuation.
Atleast a 25% correction in this stock price is expected.
Platinum: Destination Reached Platinum has reached our beige Target Zone between $995.40 and $1026. Within this range, the price should place the high of beige wave (4) and enter a larger sell-off. If, on the other hand, there is a direct break of the resistance at $1105 (28% likely), we will still see the price in the green wave alt.X.
VeChain: Turning PointVET has dipped into our blue Target Zone (between $0.0292 and $0.0179). Within this range we expect the low of the blue wave (ii) correction and thus the bullish trend reversal. Accordingly, one can use this Zone to open long positions, whereby any stops could be placed around 1% below the lower edge. With the blue wave (iii), we expect an increase above the resistance at $0.055.
Gold possible movewww.tradingview.com
The XAUUSD has developed a symmetrical triangle pattern, with the price surpassing both the upper trend line and the 200-day Moving Average (MA200). The momentum indicator has also climbed above the 100.0 mark, potentially indicating the start of a short-term bullish trend.
Trading Strategy: Consider a buy position for XAUUSD if it breaks out above 2335;
Take Profit (TP): Target a take profit at 2350;
Snowflake: Arriving The Snowflake share has now reached our magenta-colored Target Zone (coordinates: $130.78 - $97.80). There we expect the low of the turquoise wave a. This wave should be followed by a larger corrective rise before a further descent sets in. We consider it 27% likely that the price is already working on the magenta-colored wave alt. (1) is already in progress.
Forexity GBPUSD 4H AnalysisOverview:
Date: 14/06/2024
Symbol: GBPUSD
Timeframe: 4H
Type: Technical analysis
Direction: Bullish (Temporarily)
Style: Day trading / intraday
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We're seeing a rejection at 1.27082. I'll look for a retest around 1.27496. If the price gains momentum or is influenced by economic news, it could reach 1.27833 before hitting strong resistance and moving down. I expect the price to complete the E of the A-B-C-D-E wedge pattern on the weekly chart.
Gold: One Last ClimbWe expect the gold price to rise once again. We expect the high of the turquoise-colored wave B to occur in our same-colored Target Zone (between $2510 and $2631). After that, the price should sell off significantly. If, on the other hand, there is an early fall below the support at $2285 (45% likely), we will see the price already in the descent now.
Avalanche: Take a dive!AVAX continued to head toward our turquoise Target Zone (between $29.30 and $17.48). We expect a dive into this range before the low of the turquoise wave 2 is placed. Subsequently, the coin should turn around and rally above the resistance at $49.95. Should this level be broken earlier (33% likely), we will have to locate AVAX in the turquoise wave alt.3.
Ripple: SlumpedXRP slumped again last week. As before, we primarily expect a breakout to the downside. The coin should slide below the support at $0.2874 before it completes the magenta wave (c) and thus the blue wave (v). Only then should there be a trend reversal and a strong upward impulse. Should the price rise above the resistance at $0.9479 earlier, this will trigger our 37% probable alternative scenario. In this case, the magenta-colored wave alt.(d) is already underway.
Disney: Sitting on EdgeDisney is currently sitting on the upper edge of our magenta Target Zone (coordinates: $101.24 – $88.36). We anticipate a bullish trend reversal out of this Zone, but primarily, we still think wave (2) must dive a little deeper into this price range before the trend reversal can be initiated. However, there is a 35% chance that wave alt.(2) has bottomed out already, which will be confirmed if the resistance at $110.62 is surpassed.