TradeCityPro | BNB : Approaching Key Resistance Levels👋 Welcome to TradeCityPro!
In this analysis, we will examine the price action of BNB, the native token of Binance, the largest cryptocurrency exchange in the world.
⏳ Weekly Timeframe: Testing All-Time High Resistance
On the weekly chart, BNB has been consolidating in a range between $492 and $660 after a strong bullish leg from the $210 support level to its ATH. Currently, the price is near the top of this range, and the increased trading volume at this level suggests a high likelihood of breaking through the $660 resistance.
✨ A breakout above the 62.26 level on the RSI would make this resistance easier to overcome. If the price successfully breaks above $660, the next targets based on Fibonacci extensions are $1043 and $1644. These levels are highly plausible if the RSI enters the Overbought Zone.
🔽 In case of a pullback, the first support level is the bottom of the box at $492, followed by deeper support at $348. As long as the price remains above $348, the overall trend remains bullish. A break below the 50 RSI level, however, could indicate a loss of bullish momentum.
📅 Daily Timeframe: Parabolic Uptrend
On the daily chart, the price is in a parabolic uptrend, originating from the $469.65 support level. The price has tested this trendline four times and is currently facing resistance at $660.72. Beneath the price, strong support exists at $606.70, where the market has been consolidating for several days.
🔼 If $660 is broken, the first resistance to watch is at $711, which will serve as the initial target for the upward movement.
📉 In the bearish scenario, if the parabolic trendline and the $606.70 support are broken, the first support level to monitor is $538, followed by deeper support at $469, the bottom of the weekly range. Currently, bullish volume exceeds bearish volume, suggesting a higher probability of breaking through $660 unless significant selling pressure enters the market.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Community ideas
Tesla Stock Surges 38% in November. What’s the Outlook for 2025?EV maker has turned into an exclusive beneficiary of Donald Trump’s second four-year stay at the White House. All thanks to Elon Musk’s financial and social efforts to propel Trump ahead of Kamala Harris on November 5. But what if Trump now gives him the cold shoulder?
Here’s a challenge — think of Donald Trump’s right-hand man. Who popped to mind? Was it his pick for Vice President JD Vance? Nuh uh, right? It’s Elon Musk. The unelected tech billionaire, Tesla CEO, X owner has been glued to the President, showing up on photos wearing MAGA hats and promising to restart America’s politics. Let that sink in?
With about seven weeks to go before Donald Trump’s inauguration on January 20, Musk is already enjoying the windfalls of his support for the President-elect. At the end of the day, he dished out as much as $130 million to help Trump secure the win.
Quick maths: since November 5, Election Day, Musk’s net worth has puffed up by $72 billion. The rate of return on that $130 mil? A stratospheric 5,500%, or X55 in the span of a mere three weeks’ time. True, it’s all tied up in shares of Tesla TSLA — Musk owns roughly 13% of the electric-car manufacturer. But, more importantly, many investors and analysts believe this is just the start of what’s shaping up to be the golden era of EVs and the futuristic self-driving technology.
Despite not being in office yet, Trump has kicked off the work for loosening the federal standards for regulating self-driving vehicles. And expectations couldn’t be higher — Tesla’s mission to roll out cybercabs and robovans might materialize sooner rather than later. AI-trained self-driving cars might be roaming the streets as soon as late 2025.
Overly enthusiastic bargain hunters have sensed it already and have been bidding higher and higher for Tesla’s shares. Tesla, the formidable leader in the EV space , closed out November with a whopping 38% increase , or $300 billion poured in. That’s also when Tesla crossed $1 trillion in market value (a top 10 large-cap company ) based on 3.21 billion shares outstanding (but still remains under the record high set in 2021). It was the best month for the stock since January 2023 and the tenth best month in the company’s history. For the record, shares jumped 81% in May 2023, the best month ever.
An additional push for bumping up those Tesla numbers might come from the outside, too. Unwillingly, though. Donald Trump has threatened to slap tariffs on imported goods and services to the tune of at least 25% or more (especially 👐 China 👐). Lots of cars and car parts are manufactured in China, Mexico and Canada, three of the countries that are top picks for Trump’s tariffs.
What’s more, Elon Musk’s bold foray into politics has birthed a new agency, one specifically tailored to his preference. The Department of Government Efficiency (DOGE) promises to keep Musk and Trump talking on the daily. They’ve joined forces to potentially weed out the big spenders in the government, lean it out and give it a better flow.
Investors don’t seem to be doubting Elon Musk’s sincerity and all that powerful collaboration between him and Trump for 2025 and onward has translated into many early billions of dollars soaked up by Tesla (and Musk himself).
But on the flip side, Trump isn’t the type of person to share the limelight for too long. And so far Musk has been shoulder to shoulder with Trump at Mar-a-Lago, on planes, in cars and on the golf courts. And on Thanksgiving — sharing the same table. “He likes this place. I can’t get him out of here. He just likes this place,” Trump said at the America First Policy Institute Gala at Mar-a-Lago. Let’s just say it’d be a shame if Jim Cramer were to speak positively about that union.
With that said, do you think Musk made a bet for the ages by endorsing Trump? Or you’re more inclined to take a contrarian view — perhaps one where the Musk-Trump bromance falls out? Share your 2025 forecast in the comments and let’s spin up the discussion !
XAUUSD / TODAY REMAIN DEMAND ZONE EXPECTED TO INCREASE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
The price has declined and hit a profit target of +455 pips, indicating a successful trade.
Prices are now trading above a demand zone between $2,627 and $2,611 , This implies strong buyer interest in this range, providing support.
If the price remains above the demand zone, it suggests a likely increase to a supply zone between $2,695 and $2,720 , This reflects a potential upward trend driven by continued buying pressure.
If the price breaks below the demand zone, further declines are expected , The next identified demand zone is between $2,595 and $2,585, where buyers may step in again.
Bitcoin: Just Getting Started Again?Bitcoin has retraced to the 90K support (anticipated in my previous article) and is now attempting to retest the 100K high for the second time. Markets are mostly RANDOM, which means there are countless scenarios than can unfold from here. In this article I will focus on just TWO possibilities that I am anticipating for the coming week. The market chooses the outcome and it is our job to use available information to identify the market's intent. For me, that means using price action confirmation to improve probability and quantify my risk for whatever type of trade I am interested in pursuing. The amount of risk you are willing to accept is your responsibility from here.
The first scenario is the Captain Obvious one. Price breaks the high of the yesterday's inside bar and tests the 100K level over the coming week. While this may seem great, IF there is no major catalyst behind this, the chances of a FAILED HIGH are significant. The previous retrace serves as a sign that momentum is slowing in general. IF a failed high (double top) appears and confirms, the next retrace can be substantial to the tune of mid 80Ks. This is not a forecast, it is a potential RISK you must accept from current levels. The other thing to consider is even if 100K is cleared, what potential does it have relative to this risk? With that in mind, if I were to do anything with this scenario it would only be on small time frames, because that is the best way to avoid the large magnitude risk while participating in whatever is left of this move.
The second scenario is the retrace to the high 80's low 90K area for a failed low. This is more in line with the potential consolidation that appears to be developing (sub Wave 4 of 5?). IF Bitcoin offers this opportunity, along with the confirmation, it has a greater potential than the first scenario (inside bar). The arrows on the chart along with the lines illustrate the failed low scenario. This can be pursued on day trade as well as swing trade time frames. The confirmation at the second low is the key to entering this while keeping risk within reason.
A few things to keep in mind about this environment: the catalyst behind this momentum is the U.S. election. Market cap is at all time highs for this sector. Most of the large cap alt coins have reached major resistance levels on weekly and monthly time frames, but nowhere near all time highs. The "experts" are once again all coming out claiming "this is just the beginning". A market testing major resistance levels AFTER sharp break outs is usually NOT "the beginning". In my opinion times like this are ideal for reducing risk or taking profits. I will always suggest this at cycle highs (just like in 2021).
"Great" investing opportunities require long periods of WAITING and watching a market go lower and be completely off the mainstream radar. In this space, cycle lows can take a YEAR or TWO to play out. Alt coins are NOT long term assets, they are just a gamble. When asset bubble money flows, it often makes its way to complete nonsense which can be NFTs. Keep an eye in that area for the risk appetite overflow.
This is NOT a game of getting "rich" as every single video on Youtube is claiming. It is a game of how much RISK you are willing to take. If you have no problem with a healthy retrace giving back 20%+, then by all means do what you have to do. IF you can't handle losing the money, then you are in the wrong game. There are infinitely more people in position to get rich from this entire space BEFORE you. Markets CYCLE from low to high, etc. Just KNOW the RISK associated with the part of the cycle we are in. Hint: When 5 waves can be counted, it usually means there is a greater chance of a coming corrective move. Just ask all the geniuses who bought the highs back in 21.
Thank you for considering my analysis and perspective.
Incoming 50% for Dogecoin ??**short term analysis - Days and weeks ahead**
On the above 3 day chart price action has enjoyed a massive 320% rally over the last 2 months thanks to you know who.
A number of reasons now exist to be “short”, despite the myriad of long ideas currently on the platform.
1) Price action prints bearish divergence.
2) Price action was recently outside the Bollinger Band. We know 95% off all price action trades around the mean, which is currently 50% below.
3) Remaining on the Bollinger Band notice the slight inward curve (red arrows)? This is informing you the current extension in price action is now exhausted.
4) Lastly, support and resistance. 20 cents was resistance for multiple months. Healthy market structure would see past resistance confirm as support before the continuation of the uptrend.
Is it possible price action continues upwards and onwards? Sure.
Is it probable? No.
Ww
XAU/USD : Bull or Bear? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we can observe that yesterday, following the announcement of a potential ceasefire between Lebanon and Israel, gold experienced a significant drop, correcting by over 800 pips down to $2,605. This sharp decline created a major liquidity gap, which I anticipate will likely be filled as prices recover soon.
Additionally, today we have the critical CB Consumer Confidence data release, which could significantly impact the market and trigger high volatility. Be cautious with your trades and manage your risk effectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Live analysis of $BAT Basic Attention Token 1:30PM ESTA cogent analysis of the current price action and prediction for new buy point. 20min. I think this is an extremely good analysis worth everyone's time, and I know I made the video, but I usually hate everything I do… If I like something I did, well... I've been doing this for 25 years and I'm still alive, do with that information what you will.
BITCOIN rejected on the 1st real Resistance of the Bull Cycle.Yesterday's brutal Bitcoin (BTCUSD) rejection caught the majority of the market off guard. There are a few fundamental reasons, there is the exhaustion of the post-election euphoria, there is the psychological weight of the $100000 barrier. However there is one major technical reason that has gone under the radar and we'll explain it to you below.
** The Fibonacci Channel and the 0.236 Fib **
As you can see on this chart, the underlying pattern has been a Fibonacci Channel going through the last 3 Cycles (including the current one). The pattern started with a strong rebound on its bottom (green circle) that formed the December 2013 Top. That Cycle Top was on the 0.236 Fibonacci level of the Cycle and that is a level that rejected rallies during Bull Cycles on June 24 2019 and May 11 2024.
** The '1st Real Resistance of the Bull Cycle' **
That is the Fib trend-line that (more recently) rejected the uptrend on November 22. We can call this the '1st Real Resistance of the Bull Cycle' as this is the first major rejection level that a Bull Cycle faces before the eventual Top. That high during the last 2 Cycles has been on the 0.0 Fibonacci level, technically the top of the Channel (red circles). The red spot on the current Cycle in late 2025 doesn't represent a projection but is an illustration for comparison purposes.
** Top timing and the 1W MA50 **
On a side-note, it is interesting to observe that the duration of each of the past Bull Cycles has been roughly 150 weeks (1050 days) so a repeat of this pattern would give us a High towards the end of September/ early October. It is much better to try to time the High and sell that put an actual price tag on it. Equally interesting is the fact that even though BTC is on a technical rejection, the current rally started on the August 05 2024 Low, exactly on the 1W MA50 (blue trend-line). Technically, as long as this trend-line holds, the cyclical bullish wave should stay intact.
But what do you think? Do you think the 0.236 Fib i.e. the '1st Real Resistance of the Bull Cycle' will extend the correction? Feel free to let us know in the comments section below!
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TradeCityPro | LDOUSDT The Layer 2 Leader with Highest TVL👋 Welcome to the TradeCityPro channel!
Let's explore LDO, the altcoin with the highest Total Value Locked (TVL) on Ethereum, and analyze potential triggers for spot and futures trades.
🌐 Market Overview
Bitcoin experienced a pullback during the New York session, accompanied by a rise in BTC dominance. This led to a deeper correction in altcoins, but the overall trend remains bullish.
📊 Weekly Timeframe
LDO, a relatively new altcoin, hasn’t experienced a full crypto bull run yet. Its ATH of $4.053 was fueled by the Layer 2 hype. Since then, it broke its weekly uptrend and dropped to $0.924.
LDO has been consolidating in a range between $0.924 and $1.339, forming an accumulation zone.
This week’s candle is attempting to break both the upper range and a descending trendline. A close above $1.339 could trigger a rally, with a stop-loss at $0.924.
📈 Daily Timeframe
After 110 days in the accumulation zone, LDO is breaking out above $1.345. Buyers are showing strength, as the price didn’t revisit the range’s lower boundary after the last rejection.
Likely to enter overbought rsi territory if the breakout sustains, signaling continuation of the uptrend.
For risk-takers, a stop-loss at $1.115 can be set for entries based on the daily timeframe.
⏱ 4-Hour Timeframe
The price is battling strong resistance at $1.408. Despite minor rejections, buyers remain dominant, with the price rebounding from the trendline support.
📈 Long Position Trigger:
Open a long position after a breakout above $1.408, confirmed by increased volume and RSI entering overbought levels.
📉 Short Position Trigger:
Even if short triggers appear, it's better to wait for pullbacks for long entries as the bullish momentum builds.
💡 BTC Pair Insight
Like most altcoins, LDO has been underperforming against Bitcoin. However, it’s attempting a recovery, starting from lower timeframes.
breakout above 0.0002083 BTC could signal a stronger rally against Bitcoin. However, current funds seem concentrated in other altcoins, so its pace might be slower for now.
LDO holds the largest stake in Ethereum, giving it potential to self-support in the short term :)
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Bullish bounce?The Kiwi (NZD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st support.
Pivot: 0.5772
1st support: 0.5657
1st Resistance: 0.5915
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XRP MID-TERM AND LONG TERM ANALISYSThere has been significant demand for analyzing Ripple.
Upon examining the chart, it seems that Ripple is currently within a running triangle.
Wave D may complete its movement by hunting the all-time high.
Afterward, we could see a correction for wave E, followed by Ripple's post-pattern movement targeting a level above $15.
Some might question whether Ripple can sustain such a market cap. We should emphasize that we rely on chart analysis and do not focus on fundamental issues, as fundamentals are reflected in the chart itself.
When we reach wave E of the triangle, if we observe a clear and identifiable pattern, we can position ourselves on Ripple for the main move.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Technical Analysis of BTC/USDT Charthello guys.
Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, a classic bullish continuation signal. The handle has broken out, confirming the pattern.
Target Projection: Using the depth of the cup, the target of the pattern is projected around $188,000.
Fibonacci Levels: Price has surpassed the 0.618 Fibonacci retracement level at $113,628, a strong bullish signal, with further resistance near $145,120 (0.5 Fibonacci extension).
Breakout Confirmation:
The breakout from the handle channel confirms bullish momentum.
The price is trading above the psychological level of $90,000, supported by high trading volume.
Trend Outlook: A bullish macro trend is indicated, driven by long-term upward momentum.
100% upside The Best Level to BUY/HOLD TSLA🔸Hello traders, today let's review 4hour chart for TSLA. Strong push
after the Trump elections victory recently, however expecting limited
upside immediately going forward TSLA facing strong overhead
resistance at 360/415 this will cap upside short-term.
🔸Almost 100% gains off the lows with this recent bullish rally,
so expecting pullback/correction on profit taking intro key S/R zone
at 360/415 usd. Having said that chart pattern looks strong and I expect
more future gains in TSLA after the pullback.
🔸Recommended strategy bulls: wait for TSLA to pullback after we hit
overhead resistance at/near 360/415 usd, best reload zone bulls is
265/275 usd this is also an area with liquidity gap so will get re-tested
before the bull run resumes. Final TP bulls +100% gains 500/550 USD.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Some top triggers are getting heatedThe NUPL (Net Unrealized Profit/Loss), RP (Realized Price), and to a lesser extent, the CVDD (Coin Value Days Destroyed) are getting close to triggering. The last time a few top indicators on the BTI got close to triggering, we had a pullback. I think we see a continued rally near-term, but then a pull-back to cool off the indicators before they fully trigger...but what do I know?
Notice that the risk has not yet reached 7, where the previous pull back occurred, but it is very close. Let's see if we are in a 2017 or a 2020-type cycle.
Note: Extrapolating to a CRYPTOCAP:BTC cycle top is very difficult, but I think the BTI is the best shot I can come up with to do that. Using the risk value and the triggers of multiple top indicators should allow us to get close.
CrowdStrike Report Earnings Next Week. What Do Its Charts Say?CrowdStrike NASDAQ:CRWD will release Q3 earnings next Tuesday (Nov. 26) after the bell, unveiling results for a quarter that included the cybersecurity company’s July software update that sparked a worldwide network outage. Let’s see what the stock’s technical and fundamentals say ahead of the report.
CrowdStrike’s Fundamental Analysis
CRWD’s July 19 meltdown affected an estimated 8.5 million computers worldwide, leaving thousands of businesses and government agencies unable to connect to their systems -- sometimes for days.
Some experts have described the incident as history’s worst computer outage, with published reports putting worldwide economic impacts at $10 billion.
The meltdown badly hit cloud-services provider Microsoft NASDAQ:MSFT , while it also paralyzed systems at Delta Air Lines NYSE:DAL for days. Delta and CrowdStrike have since sued each other.
Still, CrowdStrike impressed investors just weeks later in August when it reported Q2 results that included earnings and revenue beats.
While acknowledging those numbers covered the three-month period that preceded the July 19 meltdown, the results showed 31.7% year-over-year revenue growth for the quarter. Management also issued reduced yet respectable guidance for Q3 despite the fact that that period would include July’s outage and its immediate aftermath.
As I write this, the Street is looking for CrowdStrike to report $0.81 in adjusted earnings per share on $983 million of revenues for its latest quarter. Basically, Wall Street seems to have played it safe and kept its estimates within the guidance that management provided back in August.
Beyond CrowdStrike’s Q3 earnings and revenues, investors will keep their eyes on the company’s subscription-driven revenue growth, annually recurring revenue, adjusted gross margin and module-adoption rates.
The company’s Q2 numbers showed CRWD generated $1.3 billion in operating cash flow in the 12 months ended July 31.
That included $162.8 million of capital expenditure (or “capex”), leaving CrowdStrike with $1.2 billion of free cash flow. However, the firm has not returned capital to shareholders via dividends or share buybacks.
Looking over CRWD’s balance sheet, the company had $4.4 billion in cash as of July 31, with current assets totaling $5.9 billion.
Current liabilities added up to $2.7 billion, creating a 1.9 current ratio. That seems quite strong.
Also note that $2.4 billion of CrowdStrike’s current liabilities were in the form of unearned revenue, which isn’t a true financial obligation. If we adjust for this unearned revenue, the firm's current ratio as of July 31 would rise to 13.7 -- a truly jaw-dropping level as far as I’m concerned.
Meanwhile, the company’s total assets as of July 31 hit $7.2 billion, of which intangibles represented only about 13.3%.
Total liabilities less equity came to $4.3 billion, but that included $743 million in long-term debt that the firm could get rid of out of pocket if so desired. Another $745 million represented unearned credit.
CrowdStrike’s Technical Analysis
Here’s CrowdStrike’s chart going back roughly one year:
The chart shows a regression model of a trend that had been in place from January 2023 until CrowdStrike’s outage hit in July, which caused the stock to sell off.
July’s pullback took CRWD back to about $207.60 -- the 61.8% Fibonacci retracement level of its entire January 2023-July 2024 rally.
Now, let's zoom in on the past six months:
This chart shows CrowdStrike’s Fibonacci models drawn up in teal, with regression models for the stock in blue and red.
On this time scale, readers will see that when CRWD rebounded from its early August low, the stock hit resistance at the 61.8% Fibonacci retracement level of its January 2023-July 2024 move higher. However, CrowdStrike overcame that about two weeks ago.
The stock has also developed a second trend that fits neatly into a regression model.
CrowdStrike is heading into earnings trading above its 21-day Exponential Moving Average (or “EMA,” denoted with a green line), 50-day Simple Moving Average (or “SMA,” marked with a blue line) and 200-day SMA (denoted with a red line). That’s not a bad place to be.
Additionally, the stock's Relative Strength Index (the gray line at the chart’s top) looks very strong, but not quite overbought.
CrowdStrike’s daily Moving Average Convergence Divergence (or “MACD,” marked with black and gold lines and blue bars at the chart’s bottom) is leaning bullish as well.
The stock’s 12-day EMA (the black line) is above its 26-day EMA (the gold line) -- and both are above zero. So is the histogram of CrowdStrike’s 9-day EMA (denoted with blue bars).
For the purposes of trading CRWD going into and maybe out of earnings, all of the above created moving pivot at the current regression model’s upper trendline. That’s about $363 vs. the $357.55 that CrowdStrike closed at on Thursday.
But mind you, while breaking this level is the key to CrowdStrike seeing higher target prices, CRWD has also failed to break through this rising line five times since late August.
(Moomoo Markets Commentator Stephen “Sarge” Guilfoyle was long CRWD and MSFT at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
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Nvidia - Launching The Final Bullrun!Nvidia ( NASDAQ:NVDA ) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
DOGECOIN ( 0.55$ ) is uploading Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Dogecoin, 📚💣
We are likely to witness a 37% rise in the coin’s price soon, though short-term bearish movements or consolidation phases could occur before the major uptrend. These patterns are often seen before a significant surge. 💡🙌
To better manage these fluctuations, I’ve highlighted key support levels using Fibonacci retracements. Recently, the coin surpassed several long-standing resistance levels, signaling an important shift. 💡📚
This is a key development, as the coin gains momentum with higher trading volumes and growing social media influence. 💡🎇
🧨 Our team's main opinion is The coin is poised for a 37% price increase, despite potential short-term fluctuations, as it gains momentum with key support levels and increasing market influence.🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
The Browser Underdog: Opera's Surprising Surge◉ Abstract
Opera Limited (OPRA) presents a compelling investment opportunity, boasting an attractive valuation with a P/E ratio of 10.1x, significantly lower than the peer average of 66.5x. The company demonstrated strong financial performance in FY23, with 20% revenue growth reaching $396.8 million, accompanied by impressive cash flow growth of $82.8 million. Opera's debt-free status adds to its financial health. However, challenges persist, including its limited 2.4% market share in the competitive browser market, heavy dependence on browser revenue, and regulatory and technical risks. Despite these challenges, Opera's strengths and resilience, coupled with the industry's growth prospects, make it an attractive investment choice.
Read full analysis here.........
◉ Introduction
The internet browsing market is highly competitive, with approximately 5.3 billion monthly active users as of 2024. Google Chrome dominates the market with a 65.18% share, followed by Safari at 18.55%, Microsoft Edge at 5.26%, and Mozilla Firefox at 2.74%.
The market is expected to continue growing, driven by increasing internet penetration, the proliferation of smart devices, and the demand for enhanced web experiences. Additionally, the shift towards mobile browsing, with mobile devices accounting for a significant portion of internet traffic, will further fuel this growth, leading to projected expansion and innovation in the industry.
◉ Key Growth Drivers
1. Increased Internet Penetration: Global internet user numbers are steadily rising, particularly in developing regions where access to technology is improving.
2. Mobile Device Usage: The shift towards mobile browsing is significant, with browsers like Chrome and Safari leading in mobile usage due to their integration with popular operating systems (Android and iOS) respectively.
3.Technological Advancements: Continuous improvements in browser technology, including speed enhancements, security features, and user-friendly interfaces, attract more users.
4. Focus on Privacy and Security: Growing concerns about online privacy have led to increased demand for browsers that prioritize user data protection. This trend benefits browsers like Firefox and Opera, which emphasize privacy features.
5. Integration with Ecosystems: Browsers that integrate well within their respective ecosystems (e.g., Safari with Apple devices) tend to retain users more effectively due to seamless functionality across devices.
◉ Major Players
Today, our discussion will center on Opera, a niche browser vendor navigating the global internet browsing market dominated by Google Chrome and Safari.
This report presents an in-depth examination of Opera's technical and fundamental metrics.
◉ Company Overview
Opera Limited NASDAQ:OPRA is a Norway-based tech innovator, established in 1995. Listed on NASDAQ (OPRA), Opera boasts a global team of 500+ employees. Its diverse portfolio includes Opera Browser, Opera Mini, Opera GX, and Opera News. The company operates through four segments: Browser and Search, Advertising, AI-driven Content Discovery, and Fintech (Opera Pay). Opera's growth strategy focuses on emerging markets, AI enhancements, advertising expansion, and fintech development.
◉ Investment Advice
💡 Buy Opera Limited NASDAQ:OPRA
● Buy Range - 16.8 - 17.8
● Sell Target - 23.5 - 24.5
● Potential Return - 33% - 38%
● Approx Holding Period - 12-15 months
◉ Revenue Breakdown (FY23)
● Total Revenue: For the full year 2023, Opera reported total revenue of $396.83 million, up from $331.04 million in 2022, marking a 20% year-over-year growth.
● Advertising Revenue: Advertising revenue constituted approximately 59% of total revenue, amounting to around $234 million. This segment grew by 24% year-over-year, driven by the success of the Opera Ads platform and browser monetization strategies.
● Search Revenue: Search revenue accounted for about 15% of total revenue, totaling approximately $60 million, with a growth rate of 15% year-over-year. This growth is attributed to targeting users with higher monetization potential, particularly in Western markets.
● Technology Licensing and Other Revenue: This segment represents a smaller portion of the overall revenue, contributing roughly $0.1 million, reflecting the company’s ongoing efforts to monetize its technology beyond its core browser offerings .
◉ Strengths & Weaknesses
The company has experienced significant growth and innovation in recent years. However, it also faces various challenges. Here’s a detailed analysis of its strengths and weaknesses:
● Strengths:
1. Innovative Features:
➖ Opera GX Gaming Browser: Tailored for gamers with CPU and RAM limiters, plus integrations with Twitch and Discord.
➖ Built-in Ad Blocker: Improves browsing speed by blocking ads and tracking cookies.
➖ Free VPN: Enhances privacy by encrypting traffic and hiding IP addresses, allowing access to region-restricted content.
2. Diverse Revenue Streams: Revenue comes from multiple sources, including advertising (about 59%) and search (around 15%), providing financial stability.
3. Financial Growth: Consistent revenue growth, reaching $397 million in 2023, with positive projections for 2024.
4. Strategic Partnerships: Collaborations with major tech companies enhance service offerings and market reach.
● Weaknesses:
1. Limited Market Share: Holds only about 2.4% of the global web browser market, significantly trailing competitors like Google Chrome.
2. Heavy Dependence on Browsers: About 82% of revenue comes from web browsers, making the company vulnerable to shifts in user preferences and market trends.
3. Regulatory Vulnerability: Risks associated with changes in affiliate marketing regulations and data protection laws could impact revenue.
4. Technical Challenges: Users report stability issues and bugs that affect overall experience.
◉ Technical Aspects
● Weekly Chart
➖ In July 2023, the stock peaked at around the 27 level but then encountered considerable selling pressure, leading to a drop towards the 10 level.
➖ Following an extensive period of consolidation, the price has recently achieved a breakthrough and is trending upwards.
● Daily Chart
➖ The daily chart reveals the formation of an Inverted Head & Shoulders pattern.
➖ After a recent breakout, the stock price is currently consolidating just above the breakout level, with expectations of future increases.
◉ Technical Indicators
1. RSI (Daily Chart)
➖ Current RSI of this stock is 66.42, which indicates the strength of buyers.
2. ADX & DI (Daily Chart)
➖ Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
3. MFI (Daily Chart)
➖ The current MFI is 59.04, suggesting that the stock is not in an overbought state.
4. EMA’s (Daily Chart)
➖ The stock price is currently positioned above all key EMAs, indicating robust momentum.
◉ Relative Strength
➖ The chart highlights Opera's impressive outperformance of the Nasdaq Composite index, driven by a substantial 50% annual return.
◉ Revenue and Profit Analysis
● Year-over-Year
➖ Opera Limited reported strong financial performance in fiscal year 2023, with revenue reaching $396.8 million, representing a 20% increase from $331 million in fiscal year 2022.
➖ The company's EBITDA also saw significant growth, rising 35% to $69.2 million from $51.2 million in the prior year, while the EBITDA margin expanded to 17.4% from 15.5%.
● Quarter-over-Quarter
➖ Opera Limited's quarterly performance ending September 2024 was equally impressive, with revenue climbing 12% to $123.2 million from $109.7 million in the preceding quarter and 21% from $102 million in the same quarter last year.
➖ Additionally, EBITDA increased 5% to $27.3 million, and diluted earnings per share (LTM) edged up to $1.78 from $1.75 in the previous quarter.
◉ Valuation
1. P/E Ratio
● Current P/E vs. Peer Average P/E
➖ Analyzing the P/E ratio reveals that OPRA stands at 10.1x, highlighting a substantial undervaluation when compared to the peer average of 66.5x.
● Current P/E vs. Industry Average P/E
➖ Within the US software sector, OPRA's P/E ratio of 10.1x is markedly lower than the industry average of 41.9x, signaling that it is relatively inexpensive.
2. P/B Ratio
● Current P/B vs. Peer Average P/B
➖ Examining the P/B ratio, OPRA's current figure of 1.8x falls short of the peer average of 5.5x, indicating a relative undervaluation.
● Current P/B vs. Industry Average P/B
➖ When juxtaposed with the industry average, OPRA's P/B ratio of 1.8x points to a notable undervaluation, as the industry average stands at 3.7x.3.7x.
3. PEG Ratio
➖ A PEG ratio of 0.07 implies that the stock is undervalued in relation to its anticipated earnings growth.
◉ Cash Flow Analysis
➖ In the fiscal year 2023, operational cash flow saw impressive growth, soaring to $82.8 million, a significant rise from the $56.7 million recorded in fiscal year 2022.
◉ Debt Analysis
➖ The company proudly maintains a completely debt-free status, showcasing its strong financial health.
◉ Top Shareholders
➖ Arrowstreet Capital's stake in the company stands at 1.23%, indicating a 4.9% reduction in holdings from the prior quarter.
◉ Analyst Price Target
➖ The 12-month consensus price target for Opera stands at $24.20, implying a substantial potential appreciation of 32% from current levels, presenting an attractive investment opportunity.
◉ Conclusion
Opera's attractive valuation and impressive financial performance make it a compelling investment opportunity. However, the company's financial outlook is not without challenges. Market uncertainty and unforeseen events pose risks, while its e-commerce monetization efforts remain vulnerable to market volatility and competition. Additionally, Opera operates in a highly competitive browser market, where intense rivalry could impact user engagement, retention, and revenue. Despite these challenges, the industry's significant growth prospects support a positive outlook, driven by Opera's strengths and resilience, making it an attractive investment choice.
Solana Soars Close to Record: What Could Drive Prices in 2025?Crypto markets are betting big on Solana — the Ethereum rival pressed higher even as the broader digital-asset market pulled back last week. Now Solana needs a few stars to align so it could rocket to a fresh all-time high, surpassing its 2021 record of $260. And by the common consensus, record territory could be a few sessions away while a fuller, hulking dominance could be on the cards for 2025.
Solana SOLUSD is on a roll. Early on Tuesday, Solana neared its record high of $260 set back in 2021 when crypto bros were going all in on their favorite coins (birthing some meme coins in the process.)
The Solana token, which runs on the layer-1 blockchain of the same name, shot up to $245, staging a monster recovery from $8 a piece back in January 2023 when crypto markets were reeling from the fabulous implosion of Sam Bankman-Fried’s crypto exchange FTX and its sister company, trading house Alameda Research. (SBF was an early buyer of Solana, scooping it up for as low as 20 cents.)
Now Solana is no longer associated with the fallen crypto mogul who’s serving a 25-year prison sentence. Instead, the digital coin is running free and carving out its own reputation. And fast. Almost as fast as its ability to process transactions on the blockchain.
Solana is touted as a faster and cheaper alternative to Ethereum ETHUSD , the second-largest coin with a valuation of $375 billion. That’s some $260 billion more than Solana’s own market cap of about $115 billion.
Still, Solana’s gains outshine these of Ethereum:
Solana year-to-date gains: 142%
Ethereum year-to-date gains: 40%
Bitcoin year-to-date gains: 107%
Solana’s performance hinges on three very different sets of circumstances:
Its ability to handle the technical workload as a payment processor
Its infrastructure capacity for building up various projects
Its appeal as an investment asset (or why you’re here)
On the first one — payment processor — Solana boasts lightning-fast transactions to the tune of 50,000 per second. Ethereum? That’s about 15 to 45 transactions per second. Visa? A wide range between 1,500 and 65,000 (depends who you’re asking.) And Bitcoin gets you about 2 to 7 transactions per second (but no one really cares about this.)
With breakneck speed, Solana is shaping up as a worthy opponent to traditional payment processors, flexing high volumes in a decentralized environment.
On the second one — building grounds for projects — Solana is considered the go-to place to launch meme tokens based on dogs, cats and even politicians and business people. It has been handling these pretty well, considering the massive influx of dog-themed and Elon Musk-themed tokens.
On the third one — investing and trading — Solana is staring into exciting prospects for 2025. The cryptocurrency might get its own US spot exchange-traded fund soon and traders are buzzing from excitement. A Solana-based spot ETF could be a reality as soon as 2025 (most likely after Securities and Exchange Commission boss Gary Gensler gets fired.) Only two other cryptocurrencies have been granted permission to strut down the traditional ETF pathway — eleven Bitcoin ETFs and nine Ethereum ETFs .
Now that Donald Trump has secured another four years in the White House, the crypto industry expects big things to come its way.
The President-elect has embraced digital assets and even announced his own crypto gig — a Bitcoin strategic reserve . Which was shortly after complemented by the cost-cutting DOGE department led by Elon Musk.
All in all, Washington is expected to be super friendly to crypto, especially after large industry players such as Andreessen Horowitz and Coinbase spent $135 million backing more than 50 Congress candidates, most of them winning seats.
Where do you think Solana is heading next? Do you see lots of bullish momentum going into 2025? Or maybe you’re more inclined to believe it’ll come crashing down? Let us know your thoughts in the comments below!
The TradingView Show: Post-Election Trades with TradeStationJoin us for our recurring series as we dive deep into the latest market movements, emerging trends, and key financial news with @TradeStation. This monthly show is designed to keep traders and investors up to date on the developments that truly move the markets. Don’t forget to explore our comprehensive video library on our profile—scroll back to catch past episodes, and follow our TradingView account to stay in the loop.
In this episode, we’ll provide actionable insights and educational resources for new traders, including charting tips and an introduction to market dynamics.
Here’s what we’ll be covering this time:
- A detailed analysis of NVIDIA’s earnings and what they mean for tech and semiconductor stocks
- How rising interest rates are influencing market sentiment and trading strategies
- Post-election trades: positioning for the rest of the year
- End-of-year trading opportunities: sectors and stocks to watch
- A look at the energy sector and how oil prices are affecting energy stocks
- Insights into the banking sector’s recent breakout and its potential impact
- Key ratio charts to help inform your strategy
- And much more!
Our live show airs monthly, welcoming traders of all experience levels to join the conversation, ask questions, and gain insights into what’s moving the markets. We encourage you to engage—leave comments, share your thoughts, and spread the word with fellow traders!
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Euro can reach seller zone and then start to decline to 1.0450Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price traded inside the range, where it at once rebounded from the top part and started to decline to the resistance level, which coincided with the resistance zone. Later, EUR entered to this area, where it reached the bottom part of the range and some time traded near, after which started to grow to the top part of the range. Also, when the price rose, it made a gap and after it reached the top part of the range, the EUR turned around and made impulse down. Price exited from the range broke the 1.0805 resistance level, and continued to decline inside the wedge. In this pattern, the price first rose to the resistance area and tried to break the 1.0805 level, but failed and continued to decline to the 1.0600 current resistance level. Soon, the price broke this level too and fell to the support line of the wedge, after which a not long time ago rebounded up. Now, the price trying to exit from the wedge, so, in my mind, the Euro can reach the seller zone and then turn around and start to decline. For this case, I set my TP at 1.0450 points. Please share this idea with your friends and click Boost 🚀
Ripple XRP 11-years Super Cycle Is Coming to End!Hello, Skyrexians!
Couple of days ago BITSTAMP:XRPUSD has awaken after 4 years of consolidation. This growth can cause euphoria for XRP holders. Is it pump real or price will go down as usual? Today we will try to give answer in our global forecast.
Let's take a look at the monthly time frame. We can see that the first wave has been finished in early 2013, more than 10 years ago. After that we saw correction and legendary wave 3 which has been finished with the red dot on Bullish/Bearish Reversal Bar Indicator . Last 4 years price is moving sideways, we can interpret it as a correction in wave 4 in shape of triangle. Yesterday this triangle has been broken finishing this correction!
In our opinion XPR now is in the last wave 5 in this first global super cycle. Target for this wave is between $2.5 and $3.8. The second target is more likely because wave 5 in 90% of cases set the higher high than wave 3. We want also you to notice the bullish reversal bar and green dot on the indicator at the end of the subway C. On the monthly time frame this is the strong bullish sign which will likely lead the price to the final target.
Best regards,
Skyrexio Team
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