UiPath Stock Spikes More Than 20% After Earnings BeatKey Takeaway
1. UiPath’s stock surged more than 20% after the market opened Friday.
2. The company posted quarterly earnings Thursday that beat revenue and adjusted earnings per share expectations.
UiPath stock popped more than 20% on Friday, one day after the company released quarterly earnings that beat Wall Street’s top- and bottom-line expectations.
The enterprise automation software company posted $325.9 million in revenue for the quarter ending Oct. 31, in contrast to the LSEG, formerly Refinitiv, estimate of $315.6 million. Adjusted earnings per share came in at $0.12, more than the $0.07 analyst projection.
UiPath also raised its fourth-quarter and full-year fiscal 2024 outlook for annual recurring revenue. Its ARR was up 24% year over year to $1.38 billion. For companies like UiPath that are reliant on subscriptions, annual recurring revenue is an important metric that reveals how much money a company receives on a recurring basis.
Analysts across the board were pleased with the ARR raise and the company’s strategy to target new businesses.
“Its strategic bet, almost a year old, on driving value for big clients with the longest/broadest automation journeys is paying off; these customers are driving the lion’s share of growth,” analysts from Davidson wrote in a note to investors.
Bank of America analysts highlighted UiPath’s expansion into new verticals, such as retail, IT and manufacturing, as part of their optimistic expectations for the company’s growth.
“We expect to see a healthy reacceleration in key growth metrics such as ARR and NRR (net revenue retention), in Q1 when we reach easier comparisons in the small business segment,” Bank of America analysts wrote in a note to investors.
Davidson analysts believe that more widespread adoption can be attributed, at least in part, to UiPath’s integration of generative artificial intelligence.
The weaving of Generative AI into its broadened automation platform, is driving strong adoption amongst enterprises.
Technical Analysist
PATH is trading near the top of its 52-week range and above its 200-day simple moving average.
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Artificial_intelligence
Artificial Liquid Intelligence (ALI)Artificial Liquid Intelligence is somewhat of a new AI project, with respect to other well-known artificial intelligence projects. Anyway, it seems ALI is about to repeat its previous move; a descending wave followed by price breaking the curved downtrend line, then a sharp upward move. Let's see if ALI repeats this or not.
Long NMR/USDT (Binance/KuCoin/OKX) SWING/HODLLong NMR/USDT (Binance/KuCoin/OKX) SWING/HODL
We discussed Numeraire fundamentally a few times on the live-stream and it is also included in our fundamental HODL portfolio. It is a very attractive and serious project, the token of which has not shown anything properly for a long time (even if it can shoot well from history).
His industry is part of Big Data, TradFi and also AI, that is, a very strong combination for the year 2024. This is a long trade and I personally take it to HODL without SL with a standard HODL position.
Market entry: $16.25
Re-Buy: $12.8
Duration: 3-6 months
Take profits:
TARGET 1 - $29.2
TARGET 2 - $39.49
TARGET 3 - $50.31
TARGET 4 - $61.68
Follow the specified Money & Risk management, or standard position on HODL.
1W chart:
Gold's Resistance: Parallel Channel & A-assisted Zones, VectorsWelcome Esteemed Investors,
I n the ever-evolving landscape of the financial markets, understanding the dynamics of precious metals like Gold (XAU) is crucial for informed decision-making. Today, I bring you insights into the XAUUSD market, aiming to contribute to your comprehensive research endeavors.
T he recent movements in the Gold market have been intriguing, and a closer look reveals compelling signals for investors. After a decisive bounce from the support zone, hovering around $1820, Gold (XAU) has demonstrated bullish indications. Notably, a confirmed breakout from the falling channel, depicted by the blue parallel channel in the chart, stands out as a significant development.
F alling channels are "widely" recognized as bullish chart patterns. They have a tendency to break upwards. What makes this insight even more compelling is the application of cutting-edge technology in detecting potential support zones. Leveraging a Support Vector Machine (SVM) algorithm integrated into a deep neural networking AI, the support zone was identified well in advance, dating back to 09 March. For human observers, this translates into a visually apparent double bottom pattern on the chart.
P ost-bounce from the predicted support zone and a classic breakout from the falling channel, Gold swiftly ascended to the resistance zone around $1980. However, historical selling pressure from supply, marked by the purple zone on the chart, has posed a formidable challenge. Since 04 May, XAU has been trading below this zone, reminiscent of the period from 04 May to 04 October.
Y et, the potential for a bullish scenario persists. A strong demand wave could propel Gold to break out from the current supply zone after a modest pullback within the projected purple area. It's essential to acknowledge the historical ebb and flow of demand and supply in this market; a failure to breach the resistance zone might lead Gold back to the blue support zone.
A nticipating market dynamics, it is crucial to consider external factors. Market news, with its inherent capacity to influence asset prices, might act as a catalyst for a reversal from the support zone. In the event of a downturn triggered by bearish news, the subsequent support zone is estimated to be around $1625.
I n summary, the prevailing signals for Gold appear bullish, suggesting a potential breakthrough of the resistance zone. However, the ever-present influence of market news introduces an element of uncertainty. Should bearish news materialize in the coming weeks, the $1820 support zone could offer another opportunity for bullish positions.
It is imperative to note that the insights shared here do not constitute financial advice. I am not an investment advisor. The decision to engage in financial markets should be made with careful consideration of individual risk tolerance and thorough research. While the probabilities favor long positions at present, it is essential to remain vigilant and adaptable in response to changing market conditions.
Wishing you success and prosperity in your investment journey.
Warm regards,
Ely
Altman + Microsoft: Will AI Wizardry Catapult Stocks ?Microsoft's trajectory into the future takes a compelling turn with the addition of Sam Altman, an AI luminary, to its internal team. This analysis explores the fusion of technology and finance, specifically delving into Altman's impact on AI development within Microsoft. We examine the integration of advanced AI features into Microsoft 365 and assess Microsoft's competitive position in the dynamic AI market.
On the financial front, Microsoft's robust fundamental rating sets the stage for closer scrutiny, emphasizing its stability and profitability. Altman's potential influence on Microsoft's stock value, given his renowned AI contributions, is a key focus, highlighting the pivotal role of innovation in sustaining and enhancing stock performance.
This concise analysis aims to unravel the symbiotic relationship between technological prowess and financial resilience, providing insights into Microsoft's post-Altman journey. As we navigate challenges and opportunities, the conclusion offers a holistic perspective on Microsoft's potential to lead in AI technology and maintain a competitive edge globally.
Technology Analysis:
Impact of Sam Altman Joining the Microsoft AI Team:
With Sam Altman's experience in AI development through OpenAI, his presence in Microsoft's internal team can positively influence the advancement of more sophisticated AI technology. The potential integration of Altman's ideas and strategies can strengthen innovation within Microsoft applications.
AI Technology in Microsoft 365 Applications:
Recent changes in Microsoft 365, such as the addition of Copilot features, demonstrate Microsoft's commitment to integrating artificial intelligence into its products. This can enhance user appeal and expand the user base of Microsoft applications.
Competitors and Position in the AI Market:
In the intense competition in the artificial intelligence sector with companies like Amazon, Google, and Facebook, Microsoft's strategic move with Sam Altman joining can help maintain and enhance its position in the AI market.
Financial Analysis:
Fundamental Rating of MSFT:
With a fundamental rating of 7 out of 10, Microsoft is considered highly profitable with no liquidity or solvency issues. A good dividend rating and consistent profits over the last 5 years indicate financial stability.
Impact of Sam Altman's Presence on MSFT Stock:
In addition to his contributions to technology development, Sam Altman's presence can also act as a positive catalyst for Microsoft's stock. Altman's reputation in the AI field and his connection with Microsoft can build investor confidence.
Innovation as the Key to Stock Value Increase:
In the face of tough competition, continuous innovation in AI technology is crucial to maintaining and increasing stock value. Altman's joining provides an additional potential for innovation that can influence the performance of MSFT stock.
Combined Analysis:
Synergy of Technology and Finance:
The combination of superior technology and stable financial conditions strengthens Microsoft's position in facing the future. Technological innovation is key to reinforcing the company's value, and, therefore, the potential for stock increase.
Challenges and Opportunities:
Despite Microsoft's solid fundamentals, challenges in AI competition persist. Hence, the company needs to stay focused on innovation and adapt to market developments.
With Sam Altman's support, Microsoft has the opportunity to continue leading in AI technology development. This enhancement can play a crucial role in the growth of MSFT stock value; however, long-term success also depends on the company's ability to stay competitive in the dynamic and competitive market.
Be Cautious On Palantir🫨Hello Traders,
My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻
-------------------------------------------------------------------
➡️In today's video, I will analyse Palantir for you🫡
-------------------------------------------------------------------
➡️Let me know your opinion about today's analysis in the comments below👇
➡️I will only enter a trading position if ALL of my trading criterias are met!
Keep your long term vision!
P.S. Trading is risky and most beginner traders lose money!
INFA (Long) - AI play with a robust baseFundamentals
The market right now is full of companies acting like prime AI bets . From what I can tell, NYSE:INFA is one of the more legit ones, building an AI-powered platform for multi-cloud system
The valuation is slightly stretched but that is to be expected in a hot sub-sector. Hence, we need to gauge it against the industry, where INFA is exactly at the average
Sales growth has been reliable and strong over the past decade, and the firm is nearing profitability
Debt is stable at 1:1 ratio with equity. One fun fact is that CEO's compensation is $32m a year; the average in the industry is $8m, That's a major red flag, but we do not really care in a 6-month window; just something to be aware of
On this one though, we are here for the technicals
Technicals
The technicals on this chart are gold
Starting, as always, with a robust base which has accumulated over a longer time period
The break out of the base came on news of blockbuster earnings , which is the kind of support a name like this needs
Because of the positive news, the move was accompanied by higher-than-average volume as depicted on the graph
Indicators also further support the break : (i) volume, represented by Chaikin Money Flow, has been showing divergences long before the move actually happened (orange circles) and (ii) a factor I consider crucial, a high relative strength against the market; the indicator is clearly breaking out and pointing higher
Momentum is strong (stochastics) and supported by the rally in the broader indexes
The stock clearly broke through all the moving averages ; another important factor when looking for an uptrend with legs
Trade
On the daily, the trade is slightly stretched. However, it still provides a good entry considering the proximity to the breakout line
Ideally, the stock would oscillate around this line for a couple of days and let the moving averages catch up with the price
It is up to you whether you wait or enter here. I choose to wait just because I feel the price action in the whole market needs to consolidate for a few days
Caveat? The stock does not hold the line and breaks lower. However, considering the magnitude of the move, it is not unrealistic that this happens. In that case, I would wait for the price to break again and re-enter
Follow me for more analysis & Feel free to ask any questions you have, I am happy to help
If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
How AI will revolutionise the trading world – 14 WaysThe era of AI has unleashed in almost every aspect of our lives.
And I believe that there will soon be a seismic shift in financial trading with AI.
I feel it’s my duty to share some of the ways, we will incorporate, adapt and integrate AI into trading.
To explain in simple terms…
AI is a concept to teach machines, robots and computers how to perform human actions. And trading is just another element that AI will apply to.
Let’s start…
#1: AI Trading Bots
We’ve had EA (Expert Advisors), chat bots and machine learning when it comes to trading.
As AI adapts more into the financial world, they will be able to signal, alert and even optimise our trading strategies, risk management and financial profile.
#2: AI will alert more markets into our watch lists
Not all markets work with our trading strategies.
Right now we have to manually search for different markets to back, forward and real test.
Once AI adapts to our trading strategy, it will be able to pinpoint the most efficient and effective markets to include into our trading arsenal.
#3: Real-time risk management
AI’s rapid data processing will be able to identify our risk profile.
In the near future, it will be able to identify not only trading setups, but also the volume we’ll need to buy or sell to enter or exit a trade.
It will alert us when trades are ready to go and will ask us whether we want to go ahead and action the high probability trades (according to our risk management.
#4: Algorithmic automatic trading
Once we lay out the parameters of what we want our AI trading bots to do, they will be your employee.
They’ll be able to take action while you’re away such as:
Layout the chart setups
Plug in the trading levels (entry, stop loss and take profits)
Execute trades on our behalf
They will work for us, which will limit our time staring at screens.
#5: Sentiment Analysis: Read the market’s mood
This tool will help us identify who’s dominant in the markets.
Are the bulls or bears stronger.
It will then give us a gauge meter to tell us whether demand or supply is higher.
And this will help us make calculated decisions, based on our own trading analyses.
#6. Freeing humans from the grind
When AI takes over our trading, it will do all of the mundane tasks for us.
It’ll focus on:
What markets work best with the system
Which markets to remove from the watch list and
whether we are in favourable or unfavourable terrorist according to our system
This will free traders from spending hours behind a screen on the daily.
#7: Automation: Back and forward testing
When AI learns a system with the right parameters and criteria, it will be able to backtest for us.
It’ll be able to go through hundreds of trades in the past and will provide a full review of the stats and measures.
It’ll tell us the:
trades
of winners and losers
Win and loss rate
Average winner and loser per trades
Costs, risks and losses
Accumulation of profit and losses and more…
#8. Pre-emptive fraud detectors
AI doesn’t just detect fraud—it sniffs out all the unregulated and fraudulent type companies, brokers, market makers.
It also analyses the markets micro and macro analyses to see which companies are doing well, cooking the books and / or are red flags to buy or sell.
Its predictive capabilities will be able to save millions of traders from falling into financial trading traps and scams.
#9: Customizable AI trading assistants
Also, I bet we will see companies create their own trading assistants.
Similar to Siri, Alexa and Google.
You will have your own finance-savvy cousin ready to act on your trading needs.
Whether you want to trade, find setups, talk about tested systems, create new strategies, learn real time info about markets and instruments.
You’ll have your own AI trading assistant just call away.
#10: The rise of quantitative trading
Quant trading will soar to new heights.
AI will be able to crunch numbers and optimise strategies with high speed and precision.
This will make sense of complex financial models at lightning speed.
#11: Real-Time chart pattern identification
Eventually, AI will adapt machine and deep learning into charts.
We will finally see the day where market patterns, trends are identified on any time frame.
As they learn the bends, turns, vectors and consistency with the charts through predictive analysis from historical market data…
AI will adapt and learn to plot more accurate, recurring chart patterns and use them to predict future price movements on any market.
And AI will be able to scan hundreds of charts simultaneously and highlight significant patterns as they emerge. This will present high, medium and low probability setups for our trading.
#12: Past chart patterns predictive analyses
Not only will it identify real-time chart patterns.
It will also spot historical price patterns and insights that took place in the past.
This will help us to back test the systems and how they worked on particular markets.
AI will be able to identify the chart patterns that have proven to be most successful for that particular trader.
#13: Personalized and customised trading strategies
What if you have a new chart pattern you’d like to adapt into your analysis?
Well I’m sure AI will have the ability to learn, recognise and incorporate your chart patterns into the system.
This way you can personalise what chart patterns, candlestick patterns or strategies you would like customised to your style.
This means that each trader can have a unique set of chart patterns to look for, tailored to their trading style and risk tolerance.
This personalized approach can potentially enhance your trading performance and your profitability.
#14: Integration with other data sources
This will most likely be open-ended.
It’ll work via the network where AI will improve chart pattern recognition in financial trading by integrating with other data sources.
Imagine AI learns from millions of traders, millions of strategies, systems and new inputs.
I can only imagine that traditional manual chart pattern systems will be a thing of the past.
With the new set of systems, formation, price and volume data – we will see integration of brand new forms of analyses and strategies.
And this will bring a new era of financial trading.
Final Words and summary!
It’s all exciting and frightening at the same time.
Because with AI integration, we will see yet another shift in the algorithms and it’ll bring a new future for trading.
Only those who learn to adapt and evolve – will make it…
Let’s sum up all the AI elements that will we mentioned here.
#1: AI Trading Bots
#2: AI will alert more markets into our watch lists
#3: Real-time risk management
#4: Algorithmic automatic trading
#5: Sentiment Analysis: Read the market’s mood
#6. Freeing humans from the grind
#7: Automation: Back and forward testing
#8. Pre-emptive fraud detectors
#9: Customizable AI trading assistants
#10: The rise of quantitative trading
#11: Real-Time chart pattern identification
#12: Past chart patterns predictive analyses
#13: Personalized and customised trading strategies
#14: Integration with other data sources
GRT (The Graph)----->Long (30X)Hello to all crypto players
If you like to risk a small part of your portfolio, but you are not interested in meme coins, then pay attention to this BINANCE:GRTUSDT !
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.
Market cap
9.04%
$1,187,268,975
#46
Volume (24h)
31.61%
$127,555,041
#44
Volume/Market cap (24h)
10.74%
Circulating supply
9,281,136,914 GRT
Total supply
10,777,673,677 GRT
Max. supply
∞
Fully diluted market cap
$1,378,602,800
My view:
A token from the artificial intelligence category with excellent fundamentals and technicals and almost Circulating supply 100% and a drop of 95% from the ATH.
But don't rush to enter because to confirm the start of the main bullish rally:
We need to break the yellow line with strength and momentum and stabilize the price above that area.
My setup:
Entry after yellow line breakout
(0.17$)
TP In order of time frame and probability
0.72$
1.13$
1.7$
2.8$
.
.
.
4.7$ very imaginative goal
7.4$ very imaginative goal
BITCOIN Analysis & Forecast 11.3.23 (AI Assisted)Watch the video version to see how this was generated ... your mileage may vary !!!
. . . . . . . . .
Key Statistics and Technicals:
- Bitcoin Price: $34,474.71 (A drop of $516.32 or -1.48% for the day)
- Day's Range: $34,347.89 - $34,997.81
- 52 Week Range: $15,479.25 - $60,324.21
- Volume: 94
- Average Volume (10 days): 370
- Market Cap: $673.041B
- FD Market Cap: $723.638B
Performance Metrics:
- 1 Week: +0.82%
- 1 Month: +25.57%
- 3 Months: +16.65%
- 6 Months: +19.65%
- YTD: +108.73%
- 1 Year: +70.95%
FUNDAMENTAL ANALYSIS:
News headlines reveal a mixed sentiment. On one hand, there are articles suggesting potential upside (e.g., "Bitcoin could be getting ready for a strong bull move"), while others indicate possible drawbacks (e.g., "Bitcoin price in risky territory; BTC faces "massively overvalued" stock").
The day's range, which is a difference of 654.92 USD, suggests a relatively moderate intraday volatility. Considering the 52wk range, Bitcoin is trading near its 52-week high, which can be an indicator of bullish momentum, but it also brings an increased risk of a correction or pullback.
Another critical aspect to consider is the broader macroeconomic environment.
Several news articles allude to potential regulatory changes, institutional involvement, and specific events that might influence price (e.g., "PayPal freezes Crypto kiosk after brief sell-out boom" or "Argentinian Presidential Candidate's Plan to Mine BTC Stirs Debate").
Positive Sentiment -
- "MicroStrategy gains $500 million with Bitcoin rise in Q3 2023."
- "Spot ETF 'undoubtedly' launch isn't guaranteed to sink Alts, Analysts say."
- "Bitcoin hits new ATH at $36,000 as rally seems unstoppable."
- "BTC hitting $34k could spell good news for altcoins."
- "Bitcoin's price is mostly flat as Fed holds rates steady, denies macro shift."
Negative Sentiment -
- "Is Bitcoin due a "significant" correction?"
- "ETF launch stokes fears Bitcoin and Ether trading with flash crash risks."
- "New BTC price 'breakouts see Bitcoin traders' caution lengthens to six-week."
- "Crypto volatility surges; Analysts say be ready for a drop."
- "Bitcoin's price volatility hints another increase 'On the Cards'?"
Weighting -
- Positive Sentiment: 40%
- Negative Sentiment: 60%
- Technical Indicators: Neutral with a tilt towards Strong Buy
Upside Potential -
Given the recent all-time high and positive sentiment from various news outlets, there's potential for BTC to retest its recent high at $36,000. Based on current momentum and historical performance, this could happen within the next 2-3 weeks. Probability: 60%
Downside Potential -
Considering the mixed sentiments and potential for a significant correction, BTC might see a drop towards the $32,000 - $33,000 range in the short term. This pullback might offer a buying opportunity. Probability: 40%
Misc. Observations -
Bitcoin (BTC): Currently, at $35428.53, it's up by 2.22%. Its dominance stands at 53.98%. The total market cap excluding BTC and ETH is at $368.143B.
Highest Gainers:
- Alchemy Pay / United States Dollar: +20.64%
- CELO / US Dollar: +11.06%
- Amp / United States Dollar: +8.70%
Highest Losers:
- XDC / Dollar: -3.27%
- Tezos / United States Dollar: -3.30%
- Gods Unchained / United States Dollar: -1.04%
High Volume Movers:
- Crypto Total Market Cap Exclude BTC and ETH: 88.333B
- Bitcoin / U.S. Dollar: 283.834K
- Litecoin / U.S. Dollar: 267.107K
Bitcoin remains a dominant force with more than half of the total crypto market share.
PoW cryptos such as Ethereum Classic and Horizen are seeing positive traction.
Amp, under the Currency/Remittance category, has a significant volume, making it one to watch closely.
Among investment-grade cryptos, CELO's 11.06% increase is notable, indicating increased interest or potential news driving the spike.
Contrarian Perspective:
High gains like those seen in ACH and CELO might face corrections. High gains in a short time frame can sometimes indicate overbuying, leading to potential profit-taking shortly after.
Bitcoin's dominance, while significant, means that a downturn in its price can significantly influence the entire crypto market.
. . . . . . . . .
INDICATOR SUITE:
Tesla Coil:
- len: 23.39
- 3xlen: 70.17
- len mirror: 16.61
- 3xlen mirror: -24.3
- average mirror: -5.06
- average: 34.94
Rate-of-Change (RoC):
- RoC: 32.74
- RoC + Signal Line Cross Up: 0.00
- RoC + Signal Line Cross Down: 0.00
- Various other sub-indicators including Bull, Hidden Bull, etc.
ATR + sma histogram:
- Histogram: 367.34
- ATR: 1102.50
- SMA: 735.16
OnBalanceVolume (OBV Cross):
- OnBalanceVolume: 7.579M
- Smoothing Line: 7.473M
Volume Analysis:
- Various plots ranging from 0.00 to 57892.77
HVol (dcedcow):
- Volume: 10.37K
RVol Pro:
- Value: 10.37K
Range Analysis - By Leviathan:
- VWAP: 27830.88
ADP:
- Primary ADP: 73
- Secondary ADP: 71
- Primary Signal Line: 71
- Secondary Signal Line: 68
Discretionary Weightings: Given the information and its relevance to Volume Spread Analysis (VSA) and Volatility …
- OnBalanceVolume (OBV): High importance. OBV measures the positive and negative flow of volume in a security relative to its price.
- ATR: High importance. Captures an asset's volatility.
- RoC: Medium importance. Measures the percentage change in price from one period to the next.
- Tesla Coil: Low to medium. Provides multiple layers of data related to price action.
Technical Analysis of Indicators:
- Tesla Coil: The chart seems to be in a consolidation phase, with the coil suggesting a possible breakout soon.
- Rate of Change: The ROC is relatively stable. This stability may suggest that the prevailing trend, be it bullish or bearish, is likely to continue.
- Average True Range: The ATR has remained consistent, suggesting that the current level of volatility is sustained. A higher ATR suggests increasing volatility, which might mean Bitcoin is experiencing significant price swings.
- On-Balance Volume (OBV): OBV indicates net buying/selling pressure. A declining OBV hints at a potential trend reversal, as volume precedes price. The OBV value is quite close to its smoothing line, indicating a balanced sentiment in the market.
- Time-Segmented Volume: This appears to be more bullish, suggesting institutional buying.
- Volume Spread: We see periods of high volume spread, indicating strong buying and selling forces.
- Accumulation/Distribution: The line suggests more distribution than accumulation recently, a potential bearish signal.
Price Projection: Given the current trend and indicators …
- Upside Potential: BTC could test its recent ATH at $36,000. Based on current momentum and external factors like institutional involvement, there's a 60% probability of reaching $36,500 within the next 2-3 weeks.
- Downside Risk: Considering negative news sentiment and potential regulatory challenges, BTC might face support at around $32,000. If this support breaks, we could see a further decline to $30,000 with a 40% probability over the next month.
Insights & Actionable Suggestions:
- Volatility & Volume: The ATR of 1102.50 indicates a high level of volatility for BTC in its daily price movement. The current volume is below its 10-day average, suggesting lower trading activity.
- RoC Indication: A positive RoC of 32.74 suggests the price momentum is currently bullish.
- OBV Insight: The OnBalanceVolume is slightly higher than its smoothing line, indicating that volume on up days is generally outpacing volume on down days. This can be a bullish sign.
- Performance Metrics: BTC has seen a robust performance YTD with a growth of 108.73%. It's essential to note that despite short-term fluctuations, the long-term trend over the past year has been bullish.
Visual Representation: For a visual, consider plotting the mentioned levels on your chart -
- Support at $32,000 (red line)
- Resistance or next target at $36,500 (green line)
- Current price at $34,522.66 (blue line)
- Potential zones of interest (in a shaded region) between the support and resistance.
Additional Indicator Suggestion: Considering the current market conditions and to get a better understanding of the underlying trend strength, I'd suggest incorporating the Directional Movement Index (DMI). DMI can help ascertain if the trend is strong or weak, and when used with the ADX line, it can further validate the strength of bullish or bearish sentiments. This could be pivotal in the given circumstances where the market appears to be at an inflection point.
Lastly, given the data at hand, what are your thoughts on the potential for Market Makers or institutions manipulating the current BTC price, especially considering the evident bullish sentiment? Do you believe there might be an underlying play to hunt for retail liquidity?
. . . . . . . . .
PRICE ACTION ANALYSIS (1D):
Initial Observations:
- Volume Profile: The chart showcases a fixed range volume profile to the left. The Point of Control (POC) - the price level with the most traded volume - is clearly visible around the 24848.00 mark.
- Volume-at-Time Histogram: There’s a significant volume spike around the range of $18000-$21000, indicating a possible support level or accumulation zone.
- Accumulation/Distribution & Time-Segmented Volume: The accumulation/distribution line is gradually inclining upwards, suggesting a net inflow of volume or accumulation. The time-segmented volume also points towards a bullish sentiment.
- Tesla Coil & Average True Range (ATR): The Tesla Coil's movement seems relatively stable. ATR, representing volatility, is increasing, suggesting possible strong price movements in the near term.
- Price Action: The recent price action exhibits a bullish momentum, breaking through a significant resistance level.
VSA-Derived Forecast:
- The strong accumulation and high traded volume at lower price levels hint at a bullish sentiment among traders. Institutions or market makers seem to have absorbed selling pressure around the $18000-$21000 range.
- The upward trend in accumulation/distribution points towards a continued bullish trend.
- Given the elevated ATR, expect larger price swings, both up and down, in the coming days.
Reconciliation with 1D Price Chart:
- The price is currently moving within an upward channel. Its recent breakout indicates a potential continuation of the bullish trend.
- While the price is approaching a Fibonacci level, considering the strong volume and accumulation signs, it's likely to test the next Fibonacci level upwards.
- The intersection of the VWAP at 24848.00 with the POC can act as a significant support level in the event of a pullback.
Improved Forecast:
Upside Potential: Given the strong bullish sentiment from both VSA and price action, expect Bitcoin to test the 0.236 Fibonacci level in the near term, which could act as a minor resistance. On breaking this, it could move towards the 0 level.
- Entry Point: Current level or on a minor pullback to the recent breakout zone.
- Stop Loss: Just below the VWAP at around 24000.
- Profit Target: 0.236 Fibonacci level as the first target and 0 level as the next target.
- Risk:Reward: Approximately 1:3, given the distance between the current price and the stop loss compared to the potential upside.
- Time Horizon: 2-4 weeks.
- Probability: 70% for reaching the 0.236 level, 50% for reaching the 0 level.
Downside Potential: If there's a reversal, expect Bitcoin to find strong support around the VWAP (24848.00) due to the volume profile.
- Entry Point: If the price fails to maintain the breakout level.
- Stop Loss: Above the recent high.
- Profit Target: 24848.00.
- Risk:Reward: Approximately 1:2.5.
- Time Horizon: 2-3 weeks.
- Probability: 30% given the current bullish sentiment.
. . . . . . . . .
PRICE ACTION ANALYSIS (1W):
The 1W (weekly) chart provides a wider perspective and thus offers a broader context to the previous 1D (daily) view. Here's a detailed analysis:
1. Price Action Analysis:
- Fibonacci levels: On this broader scale, we observe Bitcoin's price respecting various Fibonacci levels, notably the 0.236 and 0.618.
- Structure: The significant pullback after the previous bullish run suggests a possible correction or consolidation phase.
2. Volume Spread Analysis (VSA):
- Volume-at-Time histograms: There's a clear Point-of-Control (POC) around the $27,650 level, indicating it's a key price point where a significant amount of trading has taken place.
- Accumulation/Distribution: The accumulation phase seems prominent before the surge that occurred around late 2020, suggesting institutional involvement. Post-2020, we see a distribution phase followed by a consolidation pattern.
- On Balance Volume: This shows that the volume is moving with the trend. The current trajectory indicates possible accumulation.
3. Volatility:
- Tesla Coil: Notably calmer, implying reduced volatility on the longer time frame.
- Average True Range (ATR): Volatility seems to be tapering off from previous highs. This reduction in volatility on a weekly chart could imply a significant move is brewing.
4. Trend Exhaustion:
- We're witnessing signs of consolidation post the previous rally. The intersecting points of the VWAP and other tools can provide potential points of volatility, which we should monitor closely.
Given this wider perspective:
Upside Potential: The break above the VWAP around $27,650 and stabilizing above the 0.236 Fibonacci level suggests potential for upside momentum. A break above recent highs could target the next Fibonacci level at 0.618.
- Entry: Around the current price level.
- Stop Loss: Below the 0.236 Fibonacci level.
- Profit Target: Just below the 0.618 Fibonacci.
- Risk:Reward: Approximately 1:2.5.
- Time Horizon: 3-6 months.
- Probability: 60%.
Downside Potential: If Bitcoin's price fails to sustain above the VWAP and breaks below the 0.236 Fibonacci level, we could see a further decline towards the lower Fibonacci levels.
- Entry: On confirmed break below 0.236 Fibonacci.
- Stop Loss: Above recent swing high.
- Profit Target: Next Fibonacci level below.
- Risk:Reward: Approximately 1:2.
- Time Horizon: 2-4 months.
- Probability: 40%.
Additional Indicator Suggestion: Given the importance of trend direction in this scenario, consider integrating the Parabolic SAR (Stop and Reverse) for this timeframe. The Parabolic SAR can provide dynamic entry and exit points and can be particularly useful in trending markets.
. . . . . . . . .
PRICE ACTION ANALYSIS (1h):
Volume Spread Analysis (VSA):
- Volume Profile: A prominent high volume node appears around $33,000, indicating a strong support level. The Point-of-Control (POC) is visibly marked and rests just above this.
- Time-Segmented Volume: There's a noticeable surge in volume during the rapid price ascent, followed by a decline, suggesting a possible buying exhaustion.
Volatility:
- Tesla Coil: Relative stability is observed with slight periodic spikes, indicating contained volatility.
- Average True Range (ATR): No drastic peaks, which suggests that the price movement remains within a typical range for the time being.
Trend Exhaustion:
- The price is approaching the upper Fibonacci level (0.236). Should it break, we might expect a rally towards the next Fibonacci level (0.382). However, the consistent touch-points without breakthrough hint at resistance.
- The VWAP (Volume Weighted Average Price) sits below the current price, suggesting the asset is trading at a premium.
Indicators:
- On Balance Volume (OBV): Displays an uptrend, suggesting buying pressure. However, the recent flattening can be a sign of a possible decline in this momentum.
- Volume Spread: The lack of prominent bearish bars with increased volume indicates that selling pressure isn't dominant.
Forecast & Trading Strategy:
-Short-Term Bullish Scenario (60% probability):
- Entry: $34,200
- Stop Loss: $33,400 (near the high volume node for support)
- Profit Target: $35,500 (approaching the 0.236 Fibonacci level)
- Risk:Reward: 1:2.6
- Time Horizon: 24-48 hours.
-Short-Term Bearish Scenario (40% probability):
- Entry: $33,800 upon breaking below the support.
- Stop Loss: $34,200
- Profit Target: $33,000 (next volume node)
- Risk:Reward: 1:2
- Time Horizon: 24-48 hours.
Session-Based Volatility:Considering typical crypto market behavior, anticipate increased volatility during the overlap of the Asian and European sessions and the opening of the New York session.
Trading windows:
- Asian-European Overlap: 6:00-9:00 UTC
- New York Session Opening: 13:00-15:00 UTC
Questions:
- Are there any macroeconomic events or news catalysts anticipated which might influence BTC's price action during our forecasted horizon?
- Considering your strategy revolves around Market Makers and institutional manipulation, have you noticed any recent patterns or behaviors in other assets that might indicate a larger play in Bitcoin?
. . . . . . . . .
PRICE ACTION ANALYSIS (15m):
Price Action: The recent sharp decline indicates a strong bearish momentum, though the price has started consolidating within the $33,800 to $34,600 range. This consolidation is a good sign, showing that the decline might be temporary, or at least, we might experience some sideways movement for a while.
Volume Spread Analysis (VSA):
- We can spot a series of high volume spikes during price declines, indicating potential buying pressure or accumulation. The high volume during the decline around the 29th and subsequent upward movement confirms a potential bullish outlook.
- The Point of Control (POC) shown appears to be a significant support level where most trading has occurred. Prices tend to gravitate towards the POC, so this can be a potential target in retracement scenarios.
Indicators:
- Tesla Coil: Shows signs of potential volatility with multiple peaks, but currently, it's maintaining stability, hinting that the current volatility is diminishing and suggesting we might be entering a phase of price consolidation.
- Rate of Change (ROC): It's fluctuating around the 0 line, signaling a probable shift in momentum. However, the current consolidation means a lack of directional bias.
- Average True Range (ATR): Seems to be decreasing, aligning with the Tesla Coil's inference.
- On-Balance Volume (OBV): A mild decline is noticed, hinting that selling volume has been slightly overpowering buying volume, but not decisively so.
- Time-Segmented Volume: The chart indicates more buying during certain periods, suggesting institutional interest at these levels.
- Volume Spread: Shows accumulation rather than distribution, reinforcing the bullish bias.
- Accumulation/Distribution: Displays a divergence. Even though the price made a lower low, the A/D made a higher low, suggesting underlying buying pressure. This could suggest potential upside if this trend continues.
Harmonic Patterns: There's a completion of a bullish harmonic pattern (potential Gartley or Bat) with the price touching the 0.786 retracement level and bouncing back, reinforcing a potential bullish move. Several harmonics appear to have reached completion, suggesting potential reversal zones. The intersection of these patterns with session-based volatility peaks can give ideal entry and exit points.
Session-based Volatility:
- It's evident that the price experiences heightened volatility during the overlap of the Asian (Tokyo) and European (London) sessions, and similarly, during the overlap of the European and American (New York) sessions. This suggests two potential windows for scalping opportunities: One shortly after the Tokyo open (when European traders are still active) and another after the London open (when American traders enter the fray).
Forecast and Trading Windows:
- Short-Term Bullish Bias: The recent bounce from the 0.786 level suggests a move towards the 0.382 and 0.236 levels as immediate targets. For scalping, consider long entries on pullbacks near significant support zones, like the POC or the lower boundary of the pitchfork.
Entry Point: Around $34,600 (near POC)
Stop Loss: $34,400 (below the recent swing low)
Profit Target 1: $34,800 (0.382 level)
Profit Target 2: $35,000 (0.236 level)
Risk:Reward: Approximately 1:2 and 1:4 for the two targets, respectively.
Time Horizon: Given it's a 15m chart, this strategy might play out in the next 12-36 hours.
Probability: Medium-High. Multiple indicators and VSA align with this bullish outlook, but always be prepared for unexpected events, especially in the crypto space.
Enhancements based on the 15m chart:
- The shorter timeframe provides a granular view of price movements and allows for precise identification of entry and exit points.
- The session-based volatility observed aligns with typical forex market behaviors and can be used strategically for scalping.
Forecast: Given the indicators and chart patterns, there's a probable upside potential in the short term. The price might test the $34,600 resistance before determining its next move.
Trade Recommendations:
- Long Position:
- Entry: Around $34,100 (after confirming the breakout of consolidation)
- Stop Loss: $33,700 (below the 0.786 Fibonacci level)
- Profit Target: $34,600
- Risk:Reward ratio: Approx. 1:2
- Time Horizon: 24-48 hours (given the 15m timeframe)
- Probability: ~60% (based on current indicators and patterns)
Contrarian Perspective: While multiple signs point to a short-term bullish move, it's crucial to consider the flip side. The price could reject the upper boundaries of the pitchfork, and a decrease in volume could indicate fading buyer interest. A clear break below the POC might negate the bullish outlook.
Remember to adjust positions based on real-time data, especially during high volatility sessions. Your thoughts?
. . . . . . . . .
Trade Ideas:
1D Chart - Swing Trading
The fixed range volume profile indicates substantial support in the vicinity of $32,500, making it an optimal region for establishing a position. The VWAP, marked at $24,848.00, acts as a historical average price, and the current price is well above this level, showing bullish sentiment. The intersection of Fibonacci levels with price action is noteworthy, especially around the 0.236 region. Accumulation/Distribution indicates a strong buying pressure, and the Tesla Coil along with Average True Range confirms the present volatility.
-Optimal Long Position:
- Entry Point: $34,400 (nearest to the day's low with support indicated by the volume profile).
- Stop Loss: $33,500 (just below daily ATR value, providing a buffer).
- Profit Target: $36,000 (near the 52-week range midpoint).
- Risk:Reward Ratio: 1:3.
- Time Horizon: 2-3 weeks.
- Probability: 65%.
Short Position: Though the current trend is bullish, potential trend exhaustion can be anticipated by observing the Price Action with Fibonacci channels and overlapping Pitchforks. The region above $36,000 might act as a strong resistance given the proximity to the 52-week high and the subsequent volume gap.
-Optimal Short Position:
- Entry Point: If Bitcoin drops below $34,200.
- Stop Loss: $34,700 (considering day's high).
- Profit Target: $32,500 (slightly above the ATR's lower range).
- Risk:Reward Ratio: 1:3.5.
- Time Horizon: 1-2 weeks.
- Probability: 35%.
. . . . . . . . .
1h Chart (and below) - Scalping
- Long Position:
- Entry Point: A buy order slightly above the recent consolidation zone, around $33,200.
- Stop Loss: $31,500 (Just below the Point of Control).
- Profit Target: The first target is at the next volume void around $34,700. A secondary target, if momentum persists, is at $36,500.
- Risk:Reward Ratio: For the first target, the risk:reward is roughly 1:3. For the secondary target, it's approximately 1:6.5.
- Time Horizon: Given the 1-hour chart, anticipate this trade to play out in the next 12-48 hours.
- Probability: Estimating a 65% chance of reaching the first target and a 40% chance of hitting the secondary target, given current consolidation and volume analysis.
. . . . . . . . .
Analyzing a Potential Bearish Channel: BTCUSD Medium-Term IdeaDear TradingView Community,
I share a medium-term outlook with you all. Please bear in mind that this prediction is subject to short-term price fluctuations, and its outcome hinges on how various technical factors align. Our AI system, having drawn insights from deep neural network analysis, has detected the potential emergence of a bearish channel pattern.
O n the chart's left side, you'll find a historical record of the linear regression algorithm's past accuracy. These patterns held on the given dates. However, since October 23, 2023, we have observed the formation of a possible rising channel pattern, which typically indicates a bearish trend. It's essential to remember that historical results don't guarantee future returns of investments.
S o, what technical indicators support the notion of a bearish channel pattern? Notably, the volume has declined since the mentioned date, hinting at consolidation or more. Historical data has shown that volume patterns often align with channel formations. It underscores the importance of the volume indicator about the channel pattern idea.
F urthermore, on November 01, 2023, many traders opened short positions, leading to a market shakeup that resulted in numerous liquidations within 12 hours. In chart analysis, channels frequently feature candles of various colors, as illustrated by the colored boxes on our chart. If we encase the 4-hour candles since the initial date within a similar rectangle, we already see a diverse range of candle colors. This candle analysis complements our bearish outlook.
I f the bearish channel materializes and Bitcoin (BTC) begins a descent on the BTCUSD market, standard patterns suggest the price could drop below $32,000 (marked by the horizontal white line). It might dip below $31,000 (indicated by the dotted horizontal line). While various indicators align with the possibility of a rising channel on the charts, it's crucial to recognize that this pattern is not confirmed yet. There's a chance that we may not witness this pattern at all in the coming months.
T herefore, I encourage caution and prioritizing the safety of your existing funds over aggressive day trading. Your financial security should always be your primary objective.
tl;dr
Position: Short
Target Price: $33000-$31000
Possible Pattern: Rising Channel
Near Trend: Bullish
Medium Trend: Potentially Bearish
Indicators: Candles, Volume, Tops and bottoms, Trendlines, Liquidation Metrics
Important: Don't forget your stop loss and trail profit if you decide to put any positions.
Have any questions? If you ask, we answer.
Warm regards,
ELY
AI-Assisted Prospecting for Insider Trading Opportunities - ALGNInsider Trading and Corporate Activity Analysis:
Insider trading activities can provide crucial insights into a company's prospects and internal sentiment. Align Technology, Inc. (ALGN) has recently made notable moves in this context:
* Align Capital Agreement & Stock/Bonds Purchase Approval: In January 2023, ALGN secured a new agreement with Align Capital, R.S. Puram, and received approval from 60% of Directors for Stock and Bonds Purchase/Share Rights. These actions indicate the company's optimism about its stock's future performance.
* $250 Million Technology Repurchase Agreement: The announcement of a $250 Million Technology Repurchase Agreement further demonstrates ALGN's confidence in its stock's value.
News Flow Analysis:
Recent news articles shed light on ALGN's current state and market sentiment -
* $250 Million Accelerated Stock Repurchase Deal: ALGN's intent to return value to shareholders reflects confidence in its stock value.
* Accelerated Buybacks After Stock Drop: This move seems to be a reaction to counterbalance a significant price decline, potentially signaling undervaluation.
* Expected Completion of ASR Transaction: The transaction, funded with Align's cash, is expected to conclude by approximately January 30, 2024.
* New Accelerated Stock Repurchase Agreement: ALGN entered an agreement to repurchase $250 million of its common stock, emphasizing its aggressive buyback strategy.
* Stock Performance After Earnings: Despite softer-than-expected earnings, market analysts retain a positive outlook on the stock.
* Piper Sandler Price Target Adjustment: While there's a downward adjustment in price target, it still suggests a potential upside from the current price.
Financial Analysis:
* Earnings Expectation (Q3 2023): ALGN anticipates a YoY increase in earnings with higher revenues for Q3 2023.
* Earnings Report Date: October 25, 2023.
* Forecasted Earnings: $2.27 per share (YoY change of +66.9%).
* Expected Revenue: $1 billion (up 12.4% YoY).
* Earnings ESP: -3.84% (suggesting bearish sentiment among analysts).
* Zack’s Rank: #2 (Buy).
* Historical Performance: ALGN has exceeded consensus EPS estimates 3 out of the last 4 quarters.
Takeaway:
Despite recent bearish sentiment from analysts, ALGN's history of surpassing EPS estimates and its strong Zack’s Rank suggests the potential for a positive earnings surprise.
Contrarian Perspective:
While ALGN's upcoming earnings report holds promise, the broader tech sector faces challenges due to chip shortages. Any adverse impact on ALGN's operations or earnings falling short of expectations could exert downward pressure on the stock. Investors should pay close attention to the earnings call for insights into business conditions and future guidance.
Long Position on Align Technology (ALGN):
* Entry Point: Current market price +/- $185.20 or below, or ideally as low as $183
* Stop Loss: Tight @ $180.31 or less, or as low as $180
* Profit Targets: $196.44 (partial/swing) / $212.31 (close)
* Time Horizon: Before end of winter, 2024 (late February)
* Probability: +/- 70% up to "Partial Profit" target (due to positive sentiment around stock repurchase, according to ChatGPT)
Watch the Livestream ...
A Glimpse Into the Future of AI Companies StocksInvesting in AI companies can be a wise decision, but like any investment, it is important to do your research and understand the potential risks and rewards. Companies such as UiPath, Intuitive Surgical, and Palantir Technologies have seen significant growth in recent years, but it is important to consider their market capitalization and share prices before investing.
UiPath, a software automation company, went public in April 2021 with an initial market capitalization of around $36 billion.
Intuitive Surgical, a company that produces surgical robots, has a market capitalization of over $93 billion.
Palantir Technologies, a data analytics company, went public in September 2020 with an initial market capitalization of around $22 billion.
It is also important to consider the rating of the shares and the security of the company before investing. For example, UiPath was rated as a buy by several analysts following its IPO, but investors should also consider the potential risks and competition in the market.
In terms of upcoming IPOs, there are several AI companies that are expected to go public in the near future, including UiPath's competitor Automation Anywhere, online education platform Coursera, Google’s company Waymo, and others.
As with any investment, it is important to do your own research and consult with a financial advisor before making any decisions. While the investment potential of these companies is undoubtedly significant, investors should be aware of the risks involved in investing in new and untested technologies. AI companies are subject to a variety of risks, including regulatory risk, intellectual property risk, and competition from other companies in the sector. As such, investors should carefully consider their investment options and consult with a financial advisor before making any investment decisions.
In terms of investment potential, it's important to note that investing in AI Companies can be risky, as with any new technology. However, for those willing to take the risk, the potential rewards could be substantial. The key is to do your research and choose companies that have a solid business plan and a proven track record of success. It's also important to keep an eye on the broader market trends and economic indicators, as these can have a significant impact on the success of any investment.
When it comes to security, AI technology is still in its early stages and there are certainly risks involved. However, companies that are dedicated to building secure AI systems and investing in the necessary security measures should be able to mitigate these risks to some extent. It's also important to note that as AI technology continues to evolve, so too will the security measures that are needed to protect it.
As AI technology becomes more advanced and more widely adopted, there will be a growing demand for companies that can provide innovative solutions in this space. This presents a significant opportunity for investors who are willing to take a long-term view and invest in companies that are dedicated to the ongoing development of AI technology.
-----------------------------------------------
Risk Warning
Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses.
Risk Disclaimer!
General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss
Rating: Risky Buy with High Upwards Potential
Risk Disclaimer!
The article and the data is for general information use only, not advice!
Nvidia (NVDA) -> Path Ahead Is ClearMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Nvidia.
After Nvidia - just a couple of months ago - perfectly retested the bottom support trendline of the rising channel at the $120 level Nvidia stock pumped more than 300% towards the upside.
We do have next resistance coming in at the $600 level and although Nvidia looks quite overextended, I do expect more bullish continuation to retest the upper channel trendline.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Broadcom (AVGO) -> Stronger Than NvidiaMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Broadcom.
Over the past 12 months Broadcom stock rallied more than 120% towards the upside, following the major hype in the whole semiconductor and AI sector.
After this recent pump it is quite expected that we will see a short term correction and if Broadcom retests the previous all time high at $630, this will be a perfectly bullish setup.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Interesting Signal from Google BardBard’s response: (in my opinion that was interesting)
Reference: Bard.Google.Com
Based on the image you sent, I see a bearish flag pattern in the USDJPY chart. The price has been in a downtrend since June 2023, and it has recently formed a flagpole. The flagpole is a narrower range of price movement that follows a sharp move in one direction. In this case, the sharp move was down.
The flag is pointing up, which indicates that the bears may be losing momentum. However, the MACD indicator is still bearish, so it is possible that the bears will continue to push the price lower.
The good rate for going to a sell order is at the top of the flag, which is around 147.50. The price could drop to the bottom of the flag, which is around 146.50. However, it is important to remember that this is just a technical analysis, and the actual price movement of USDJPY could go either way.
Here are some other factors to consider when making your decision:
The overall market sentiment is bearish. Many investors are worried about the global economy and the potential for a recession. This could weigh on the price of USDJPY.
The US dollar is strengthening against other currencies. This is because the Federal Reserve is expected to raise interest rates more aggressively than other central banks. A stronger US dollar could make it more difficult for Japanese exporters to compete, which could put downward pressure on the value of the Japanese yen.
The Japanese economy is slowing down. This is due to a number of factors, including the global slowdown and the ongoing trade war between the US and China. A weaker Japanese economy could also put downward pressure on the value of the Japanese yen.
Ultimately, the decision of whether to buy or sell USDJPY is up to you. Do your own research and make an informed decision.
Google -> Trading The Major Swings...Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Google 💪
Just a couple of months ago Google stock perfectly retested a major monthly bullish trendline and in confluence with a retest of the 0.618 fibonacci level we already had a major rally of more than 50% towards the upside.
If you are looking at the weekly timeframe you can also see that Google stock just broke above and retested the strong psychological $125 level and everything is looking massively bullish.
Finally I am now just waiting for another retest of the daily $132 level and after some bullish rejection everything is pointing towards more bullish upside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Nvidia -> 100% New All Time Highs!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $750level.
You can see that Nvidia still looks a little bit overextended on the weekly timeframe but therefore I do expect the bullish momentum to continue for the next couple of weeks.
With the recent break and retest of the $470 daily structure zone, market structure on Nvidia is now back to bullish and it will just be a matter of days until Nvidia creates a new all time high.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
ETH Bullish From Here? Looking at our TA on ETH combined with our new AI/Machine learning indicators (releasing soon), we can see ETH is setting up for another bullish run. Our indicators have called the tops and bottoms pretty accurately, now it looks like we may have short-term upside.
The big levels to watch out for are 1815 (support) and 1850 (resistance). If Ethereum cracks 1815 then that would invalidate our bullish thesis and set for a potential fall to 1780 then further of 1650. Although if we break 1850, then that sets clear skies to our next target of 1900, followed by 2000.
As we're in this current chop, we always advise everyone to never force a trade and wait for a trade to come to you. This means waiting until multiple indications signal a buy (oversold at support, etc) or vice versa. Trading is all about discipline and those who don't have it will quickly be humbled.
If you enjoyed our TA or have any questions about our upcoming indicator release, please comment below or send us a DM :)
Palantir PLTR over-heated and due to Cool OffMost powerful thing he said: Infrastructure. 10 years lasting trend. Unimaginable money the government has been pouring into it. I'd add to that anything to do with reshoring as well.
AI + Finance = The Future
Microsoft Challenges Fib 3.618 levelMicrosoft - NASDAQ:MSFT
Expectations were beat across the board today but what does the long term monthly chart tell us? All is revealed in the chart. This is a key moment for NASDAQ:MSFT and a pull back or break through to established new highs wouldn't surprise. I'm happy to wait for the confirmations outlined in the chart. That MACD cross though looks appealing.
Earnings Summary
- Profits jumped 20% to 20.1 b
- EPS: $2.69 / Exp $2.56
- Revenue: $56.19B / Exp $55.49B
- Azure (cloud) revenue up 26% / Exp 27%
ocean retest and long targetsim looking to retest off the 0.382 fib which is also the bottom trendline @ 0.387 then target of 0.44cents