Beyond Technical Analysis
XAU LONG LONDONHey guys, I see XAU potentially push up to take the liquidity sweep high during London Session today if the body candle close above 2618.94 with a confirmation and retest in a lower time frame we are heading up to 2633. It's Christmas Season, volume can be little low than the usual. Trade smart, Trade Safe. Merry Christmas!! FXOPEN:XAUUSD
CAKE SWING LONG IDEAI know everyone is fearful in the crypto market right now.
People are scared to buy at these lows because they believe Bitcoin will likely continue to decline. And yes, that could happen. But guess what?
BTC is sitting on daily support.
BTC dominance hit 60% and is possibly forming lower highs (check my BTC DOM analysis).
The Fear Index is at 54—people are scared.
Funding rates are extremely negative.
Most assets' RSI levels are oversold (in a bull market!).
All these factors tell me it’s the perfect time to open swing long positions while everyone else is panicking and selling their coins at the lows.
All these factors tell me it’s the perfect time to open swing long positions while everyone else is panicking and selling their coins at the lows.
Let’s look CAKE as an example:
Cake has currently hit the monthly and weekly demand zones. It has rejected the weekly demand and broken the 4H structure.
We’ve seen strong upside movement following this, confirming the second leg of the higher high formation on the 4H timeframe.
TARGETS:
TP1: $3.41
TP2: $4.02
TP3: $4.50
SL: Below $2.05 (daily close)
"Sidus Space: A Tiny Rocket Ready to Blast Off!"In the realm of stars, Sidus plays its cards. Satellites galore and space tech to explore, this small float stock could soon soar. With shorts in a bind and rockets on its mind, could this be the squeeze of a lifetime? Space dreams never felt so aligned!
Bank of America $BAC: Value Meets Growth at $45.47
Current Overview:
"Bank of America (BAC) is trading at $45.47, presenting a mix of undervaluation and growth potential. The stock has shown a 31.7% increase over the past year, with a recent pullback of -1.96% weekly and -3.53% monthly. Analysts have set an average price target of $46.22, indicating a potential upside of +1.65% from current levels."
Key Levels to Watch:
$45.00: A key level to monitor for potential buying interest if prices dip.
Resistance:
$47.00: Immediate resistance. Breaking this could signal momentum toward higher levels.
Growth Catalysts:
1️⃣ Interest Rates: Potential rate cuts in 2025 could boost net interest income, benefiting BAC’s core banking operations.
2️⃣ Consumer Banking: Strong growth in deposits and consumer loans supports BAC’s financial health.
3️⃣ Wealth Management: Expanding ESG-focused services appeal to high-net-worth clients, driving future growth.
Risks to Consider:
⚠️ Rate Sensitivity: While rate cuts could boost loans, they might compress margins if not offset by volume growth.
⚠️ Economic Cycles: Credit risks could increase during economic slowdowns.
Conclusion:
"Bank of America (BAC) combines undervaluation with strong fundamentals and promising growth avenues in consumer banking and wealth management. As it navigates macroeconomic challenges, watch the key levels—$45.00 support and $47.00 resistance—to track its next move."
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.
Quantum Corp (QMCO): Eyes on $70—Can We Go Higher?Good morning, trading family!
Wellness Tip Of The Day
Dehydration can impair focus and decision-making. Keep water or herbal tea at your desk and sip consistently throughout the day. Aim for at least 2 liters daily, adjusting for your activity level.
Now Lets Get into it:
Quantum Corp ( NASDAQ:QMCO ) has broken through a key resistance level at $29.91, which has now turned into solid support. With that level holding strong, the next big target is $70. If the momentum continues and we don’t see a pullback, there’s potential for a push to $88 as well.
This is shaping up to be an exciting move. Let’s stay sharp and see how the price reacts as we approach these key levels!
Comment, like, follow, or send me a DM if you’d like a deeper dive into this analysis!
Kris/Mindbloome Trading
Trade What You See
Micron Technology (MU): Is a Big Move Just Around the Corner?Good morning, trading family!
Micron’s price has been moving between $92.90 resistance and $84.26 support, and it looks like a big move could be coming soon. Will we see a breakout to higher levels, or a pullback to retest support?
This is one of those setups where being patient and watching how the price reacts at these levels can really pay off. Stay ready, and let’s tackle this opportunity together!
Comment, like, follow, or send me a DM if you want a deeper analysis or more insights!
Kris/Mindbloome Exchange
Trade What You See