SocGen (GLE.pa) bearish scenario:The technical figure Triangle can be found in the daily chart of the French company Société Générale S.A. (GLE.pa). Société Générale S.A., colloquially known in English as SocGen is a French-based multinational financial services company. Société Générale is France's third largest bank by total assets after BNP Paribas and Crédit Agricole. It is also the sixth largest bank in Europe and the world's eighteenth. It is considered a systemically important bank by the Financial Stability Board. The Triangle broke through the support line on 02/12/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 14 days towards 21.785 EUR. Your stop-loss order, according to experts, should be placed at 24.400 EUR if you decide to enter this position.
Societe Generale SA agreed to merge large parts of its equities business with AllianceBernstein, intensifying the French bank’s bid to eclipse BNP Paribas SA in share trading. he Paris-based bank and AllianceBernstein will unite their cash equities trading and research units in a joint venture. SocGen will hold 51% and have the option in five years to buy the whole business, which will be run out of London under the Bernstein name.
The venture signals ambitions to take on BNP Paribas’ strengthened equities offer after the rival French bank took full control of its trading unit Exane and added businesses from retreating rivals.
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Financial
Financial recover soon?XLF which is an index of Financial Sector is currently retesting the top of 2007 (before Subprimes crisis) and the top of 2019 (before the Covid19 crisis).
Remember, a resistance often flip into a support when broken.
This may a very nice opportunity with a correct Risk/Reward ratio to play a bounce here.
Thanks for following us !
¡¡The trend is changing!!Hello trading community! Well, I think the market has been waiting a long time for this drop. I've said it for a long time, this is that every trend has an end and a new beginning. Despite being manipulated by different players, markets are inherently immutable cycles. Technically, the US dollar index has been making lower highs since its high of 114.8, showing a loss of bullish strength and a bearish divergence. While we know the Fed's rate decision is approaching next week, which, as expected, will cause market volatility, we've been observing that 10-year yields have fallen, and some of the Fed's official actors have expressed their concern about Dissatisfaction with the aggressive rate hike policy. In addition, the market had two negative quarters, signaling the company's urgent need for profits to try to end the year positive rather than loss-making. This is not a financial advice, good trades and profits!!
Macro Bear Market JUST beginning??BTC is in a very dangerous spot right now, people aren't losing their jobs fast enough (unemployment at 3.5%!!) and Netflix keep on raising subscription prices in Ukraine (war!!!)
The FED might have to issue more hikes all the way to 2024, mid terms are also coming which is historically bearish for extreme risk assets (BTC??!!)
TA wise, BTC is forming an extremely BEARISH descending triangle (explosive move?,!!) which could see 3k target in no time
Trade wisely and close any longs, cut your losses if required as this will get MUCH much worse
Macro-economical factors seem to be pointing to a structural bear market could take up to 111 months for full recovery (according to Goldman Sachs)
Please share this idea as I will be providing more tips on how to navigate a full blown financial collapse!!
CAREFUL
Dragonchain £16.5 MillionThe U.S. Protections and Exchange Commission has squeezed charges against Dragonchain for supposedly bringing over £16 million up in a contribution of unregistered "crypto resource" protections — a gigantic sign the controller is extending its campaign against the digital money space.
SEC Files Suit Against Dragonchain
The SEC has hit Dragonchain with lawful activity.
The protections guard dog on Tuesday recorded an objection against Dragonchain organizer and CEO John Joseph Roets for neglecting to enroll £16.5 million in crypto resource protections offering. The SEC is likewise suing three business elements related with Roers and Dragonchain: Dragonchain Foundation, Dragonchain Inc., and The Dragon Company.
The protest, documented in the U.S. Area Court for the Western District of Washington, asserts that the litigants got £14 million from the offer of Dragon tokens (DRGN) in an underlying coin offering (ICO) advertised to around 5,000 financial backers across the globe in 2017.
An ICO is a financing model utilized by blockchain new businesses to quickly raise capital. The organization welcomes financial backers to buy its recently made token or money through a limited presale before it is delivered to the public.Twisting the blade, the SEC likewise guarantees that every one of the three elements and the pioneer sold an extra £2.5 million worth of DRGNs to cover business consumptions and market Dragonchain innovation in the period somewhere in the range of 2019 and 2022.
Dragonchain was created by the Walt Disney Company in 2014. The convention became open source and was delivered to people in general in 2016. Dragonchain, which promotes itself as a cross breed blockchain framework for "tackling business issues at an endeavor scale", has not been in standard cryptographic money news much in the midst of other sprouting projects.
The SEC is looking for long-lasting orders, common financial punishments, and vomiting of the returns.
Roets Says He Has A 'Exceptionally Strong Case" Against SEC Charges
The Dragonchain boss designer is freely getting down on sketchy conduct by the SEC.
Roets, who had recently been educated by the SEC regarding the test, tended to the charges prudently in a letter from May posted on Tuesday.
He vowed to give an exact contention to demonstrate that the U.S. top monetary cop shouldn't record charges against the named respondents for infringement of protections regulations.
"The SEC is singling out tasks to target, frequently singling out the ones with the greatest chance to upset occupant interests, while giving a free pass to other people," Roets declared. "The commission is attempting to shoehorn programming innovation into inconsistent protections regulation from the 1930s. This raises doubt about whether the Commission comprehends the innovation enough to manage it really."
Roets accepts he has a "exceptionally impressive case". Whether Seattle-based Dragonchain chooses to mount a brutal lawful guard against the SEC (like Ripple) instead of settling is not yet clear.
The SEC has for a really long time neglected to direct the security status of numerous digital currencies while constantly contending that crypto resources ought to be brought under the domain of protections guidelines. The organization has rather picked a "guideline by requirement" move toward that has gotten under the skin of numerous crypto lovers.
Last month, the SEC broadcasted that nine of the digital forms of money recorded by Coinbase were to be sure protections. The office is additionally investigating whether the crypto trade allows Americans to exchange such tokens that ought to have been enrolled as protections.
APPLE - BUYLooking long for Apple to upside of $225 for the immediate D Extension. Looking for a lump sum purchase around the $140 per share level. Then keep adding to my position each month or on Daily chart corrections. If Price dips below the $140 (which I hope for) I will buy more for value.
For years I have been saying if Apple launched a digital bank they will be the largest bank in the world in terms of customer deposits.
Once currency becomes digitalised which all the G7 economies already have in the pipeline - this will give Apple the platform the be the largest bank in the world. People already use Apple Pay - if they digitalise an Apple coin/card or payment system where your salary is paid into an Apple account it will be a game changer.
They are already taking small increment steps into the financial services sector. They just recently announced they will be scrapping banks from providing the loans for Buy now pay later - Apple will be providing the loans. Remember the US is behind Apple. This platform alone will increase revenues and profitability. L&A for customers will increase - ultimately increasing monthly receivables.
I could imagine Apple potentially offering Mortgages in the future with incentives such as free Apple products. - My Speculation.
VeChain (VET) Presently AcknowledgedAt the hour of composing, VeChain (VET) is positioned 37th as indicated by Coinmarketcap.com. The computerized resource has an all out market capitalization of $3.167 trillion and is exchanging at $0.04925. VeChain makes some all-memories high worth of $0.2782 set on April seventeenth, 2021, and an untouched low worth of $0.001678 set on Spring thirteenth, 2020. Beginning financial backers of VET, who have held since the venture's beginning, right now have a return for capital invested of 226.65%.
VeChain (VET) is presently an acknowledged type of installment in north of 2 trillion stores that range 70 nations
Support for VeChain as an installment choice is the consequence of an association with Speculative chemistry Pay
The news comes in the scenery of VeChain being an upheld chain in Binance Extension 2.0
VET, the coin behind the production network blockchain undertaking of VeChain, is presently acknowledged as a type of installment in north of 2 trillion stores that length 70 nations. The new accessibility of VeChain as an installment choice outcomes from another organization with the crypto installment administrations supplier of Speculative chemistry Pay.
Speculative chemistry Pay centers around retail exchanges utilizing retail location gadgets. Furthermore, Speculative chemistry Pay's main goal is to expand admittance to crypto with government issued money, consequently supporting the reception of blockchain innovation.
GBP/USD - 4hrHello guys. Here we have the GBP / USD chart. This is a 4 hour time frame and as you can see we have bear dominance. The daily bearish trend has not yet been confirmed, but the pair made a new low for the year at 1.2983. I expect that this lowest point will be attacked again in the coming days and we can expect the bear to continue. Weekly and monthly trends are also bearish. Of course, follow the rules of your strategy and find the most suitable entry point. Of course, we could see strength before bear domination and that could actually serve as a great opportunity for a short position.
NVCR primed for an extended runKept the chart simple but there are a lot of bullish aspects at play here:
- ready for markup after an accumulation phase
- coming off a wave 5 correction apprx. 0.786 off the highs last June
- looking at weekly chart you’ll see a larger running flat structure
- earnings as a catalyst and overall great company!
*Initial Target by Apr 14 = 99
** Target range by 5/20/2022 = 108-116
Would love to hear your thoughts on this.
$BAC Key Levels, Analysis & Targets $BAC Key Levels, Analysis & Targets
Bank of America… Ok… I’m starting to setup swing plans again…
All target are buy targets…
Have each target locked and loaded, and once it fills load the next buy target.
After each target hits set your SELL order for 17%… (that’s the lowest and I’ll adjust this along the way)
Happy Swinging…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Bitcoin loses $33.19bnBitcoin, the world’s largest cryptocurrency, has lost $33.19bn in market capitalisation as its trading price slipped to $35k in the wake of Russia’s invasion of Ukraine.
News of Russia’s ‘special military operation’ in Ukraine has sent the crypto market spiralling down, tumbling along with traditional markets.
On Wednesday, BTC had a market cap of $707.39 billion and closed trading at $37,296.57. However, as of 3:04pm on Thursday, BTC’s market cap had fallen to $674.19 billion and was trading at $35,549.04.
Reacting to the tumble in the market, Chief Executive Officer, FTX, Sam Bankman-Fried, said, “So there are arguments both ways for what should be happening to BTC right now.
“I’m not really sure I would have guessed it would go down based on the fundamentals. But it is down, a lot! Why?”
He added that the Ukraine saga would have financial consequences for European Union neighbours’ financial robustness.
Clear indication of large gains followed by even more lossesThis chart, (programed in the GIBBERISH language) clearly indicates large gains by those holding the TORN asset, the native asset of the Tornado Washing Machine Corporation of Topeka, Kanas which are then followed by inverse parabolic losses on a Biblical scale and a unforeseen spike in the Spousal Abuse Index. Owners of TORN should pay special attention to the concentrated ownership of this coin and would do well in acquiring the home address and telephone number of the owners of this address. Owners are also advised to re-watch the classic film The Wizard of OZ to fully comprehend the significance of the name tornado and the risk involved in standing directly in the path of high turbulence winds, but this is not advice. Should you see the formation of the Flying Witch in the sky pattern, this will indicate that your trip is to begin shortly and seat belts will be of no use and you are to simply place your head between your legs and kiss your ass sweet qood-bye.
Further updates to be provided prior to adverse activity.
The Sublime Prince of Enlightenment
Toronto, Canada
* Full Disclosure: The author of this financial analysis holds a large bag of this asset and hopes to dispose of it at the point where he will realize maximum financial gain at the expense of anyone, anyone at all, who understands the full value of this coin. The author also asserts that all such coin has been fully washed and cleaned and then dry cleaned at Jombo Cleaners down the street , with no trace what so ever remaining of its source or the dirty filthy hands that have touched it after it was removed from an unnamed DEX which shall remain unnamed for the reason of personal privacy and/or any interest by the FBI, CIA or SEC et al in such ill founded rumors.
Right time to test the PRICE ACTION There are so many markets to trade and which one suits you is the only key for successful in the trading journey I trade most of the stock market and crypto but when I found good trades I also trade the financial markets where the PRICE ACTION works beautifully .
This is the right time to test the price action and all the three conditions for a great trade.
All the three conditions are -
1) TREND
2) MARKET STRUCTURE
3) PRICE ACTION
Lets start this tutorial with the pair of EURGBP and the whole analysis will be done on WEEKLY timeframe to DAILY it's a positional trade so if you have not patience please don't jump into this trade and this is not a call or tips it's a educational content so take this and do your backtest.
On weekly timeframe the pair has been consolidating from a very long time since 25th July 2016 and it has been really a very long time and if you look the daily chart it's definitely in downtrend , the level of 0.83007 is the last line of defence BUT it can bounce from this level why because important levels are not be broke very easily , it can bounce back from this level and then wait for the rejection from the downside channel( green channel ).
The entry Reason should be a CHART PATTERN, BREAK OF ANY IMPORTANT LEVEL AND CANDLESTICK that's it .
then cautious about the level of 0.83007 and if it breaks go for the level 0.78963 .
Hope this article will help you to forward test the PRICE ACTION THEORY.
HAPPY TRADING
REGARD
NITIN (INDIA)
ANOTHER DROP FOR CHAINLINK POSSIBLY INCOMING Chainlink massive drop testing June/July support levels. Possible bottom 15-13 dollars inevitable.then a quick 2nd retest/confirmation. Then sky's the limit after the holiday's.