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NEW ATH 80K This chart represents a technical analysis of Bitcoin (BTC) against Tether (USDT), showing price movement data for 2024. Below is a breakdown of key elements that support the hypothesis of a new all-time high (ATH) for BTC reaching 80K: Fibonacci Retracement Levels: The chart uses Fibonacci retracement levels based on a previous high and low. The key Fibonacci levels plotted are: 0.236 (~80,918 USDT) 0.382 (~75,471 USDT) 0.5 (~71,069 USDT) 0.618 (~66,666 USDT) These levels indicate potential support and resistance zones. A significant breakout above the 0.236 level around 80,918 USDT would suggest a strong upward momentum, supporting the idea of BTC reaching an ATH. Trendline Analysis: A red ascending trendline shows a previous strong upward price movement earlier in 2024. This trendline could serve as future support, helping BTC continue its upward trend towards new highs. Channel Pattern: A channel is plotted on the chart, showing a consolidation phase between March and September 2024. The breakout from this channel has pushed BTC upward, which often indicates the possibility of higher price levels. Moving Averages: The red and pink lines on the chart likely represent different moving averages (perhaps 50-day and 200-day moving averages). These lines are currently supporting the upward price movement, adding further confidence to the bullish outlook. Price Targets: The chart indicates that BTC's price currently sits around 62K USDT, and the chart is projecting a bullish breakout toward 80K USDT. The Fibonacci 0.236 level (~80,918 USDT) aligns closely with this price target. Volume Analysis: The volume bars at the bottom show varying levels of trading activity, but no sharp drop in volume, indicating steady buying pressure that could push prices higher. In conclusion, this chart analysis shows BTC breaking key resistance levels and potentially heading towards a new ATH around 80,918 USDT (or 80K). The technical indicators suggest strong bullish momentum, with Fibonacci levels providing a path for higher prices.
Long
by khaledxab
5
Saudi Arabian Oil Co / AramcoMarhaba Saudi Arabia stocks were lower after the close on Sunday, as losses in the Cement, Hotels & Tourism and Energy & Utilities sectors led shares lower. at the close in Saudi Arabia, the Tadawul All Share lost 0.17%.the best performers of the session on the Tadawul All Share were Wafrah for Industry and Development Company SJSC (TADAWUL:2100), which rose 5.74% or 1.75 points to trade at 32.25 at the close. Meanwhile Aramco couldn't break 32.40 now heading to lower level 31.50,as you see we still in down trend, the biggest support level for Aramco is 30$ and I think its one of the good buy zones too Crude oil for March delivery was unchanged 0.00% or 0.00 to $80.11 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.74% or 1.46 to hit $85.49 a barrel, while the February Gold Futures contract rose 1.29% or 24.55 to trade at $1,923.35 a troy ounce.
TADAWUL:2222
by moonypto
Emaar is now in a strong uptrendhello dear investors I think inchallah, Emaar will continue it uptrend until 1st target=12.50 2d target=19. Always think technically with ease: it will respect the corridor if breakout accure then you will unusually see highest levels. Just keep buyning and not sell untill breakdown this corridor. Remember that i am not having a cristal ball predicting markets movement but I try to be more rationnal . Good luck NB: if you see that i said something usefull ecncourage me in order to post more and more
DFM:EMAARLong
by HASSOUNI-trading
3
Salama Whats wrongThis stock is under pressure ever since it gave a big breakout at 0.530, it could not sustain the breakout and closing lower everyday. Interestingly it have reacted to a key support level at 0.500 which is also a psycological support area. It bounced from here and stayed here for 2 days in yesterdays closing it made green candle bouncing off the support area. The trend of this stock is UP for short term i am expecting it will make a high very soon breaking 0.530 very soon. I am bullish on this one i am in this trade also i may add more to it. Hit like & follow
DFM:SALAMALong
by stalkstock
$GBPUSD MM SELL TRADESlightly Late Publication. Traded right into -OB and had good reaction. Expect Price to be Bearish throughout the WEEK. Take Profit Target 1 @ 1.5380 Take Profit Target 2 @ 1.5200 Tage Profit Target 3 @ 1.5100 Watch this space as I will be posting more ideas to support this view and I will also be frequently small short entry opportunities and possible scalp trades whilst the bigger trade unfolds. I provide signals service for free . Just go and follow: twitter.com
Short
by ArabMonetaryFund