Bitcoin(BTC/USD) Daily Chart Analysis For Week of April 12, 2024Technical Analysis and Outlook:
This week's trading session Bitcoin completed the forthcoming Inner Coin Rally 72500, and as expected, the coin retraced to our designated Mean Sup 65600. Bitcoin is in the process of rebounding back to the 72500 scene of crime. On the downside, the market potential decline may occur, resulting in Bitcoin falling to Key Sup 61300 and an Inner Coin Dip 57200. The bull stage movement will arise from current price action or Key Sup 61300 and an Inner Coin Dip 57200, respectively.
Investing
5% Trade Ideas #5PercentTrade -JUBLINGREA #5PercentTrade #Equity
5% Trade Ideas is a type of Equity Investment which is designed to give you 5% to 10% return in lest than 21 days via #Equity #Investment.
✅ Stock Name - NSE:JUBLINGREA
Trade Process :-
✅ - Buy only at Buy Level as recommended in the chart. Use GTT feature available with all online brokers
✅ - On successful purchase, immediately create a SL GTT (Stop Loss level asper chart).
✅ - Once Stock Price is at Target 1 level, move your SL to Cost Price or 3% down from Target 1.
✅ - Keep Trailing the SL as Stock Price moves to next Targets.
EURUSD Day PlanWe continue with the short order flow on the euro, and the context remains short as well. There are no significant signs of a reversal observed yet. For a change in sentiment on the primary timeframe, it is important for the price to establish itself above 1.0735. I don't expect any particularly clear movements for the day since the intraday target at PDL has been reached.
8000 MARKET CAP IS BOUND TO 11 THOUSAND MARKET CAP IN 100 DAYSArchean Chemical Industries Ltd, incorporated in the year , has its registered office in No 2 North Crescent Road, T Nagar, Chennai, Tamil Nadu, 600017, 91-44-61099999. The main industry in which Archean Chemical Industries Ltd operates is Chemicals.
Auditor/Auditors for Archean Chemical Industries Ltd is/are PKF Sridhar & Santhanam LLP. In the main management, is chairman and G Arunmozhi is the company secretary for Archean Chemical Industries Ltd.
SPOT 653
DATE 12 APRIL 24
777 EXPECTED TO GO
ADD UPTO 636
MAIL US FOR MORE VIJAY at Vijaymarketingg . com
HAPPY INVESTING
EURUSD - Expecting Further DropRight now, the value of the Euro (EUR) compared to the US Dollar (USD) is low (around 1.0740) as per strong Dollar (USD) considering the following factors:
The European Central Bank (ECB) will likely keep interest rates the same this Thursday, but might consider lowering them in June.
The US Federal Reserve (Fed) might wait longer to lower interest rates because the US economy is doing well and inflation is higher than expected.
This difference in interest rates between the ECB and Fed is making the EUR weaker.
Unexpectedly high inflation in the US in March caused people to believe the Fed won't lower rates as soon as they thought. This made the USD even stronger.
Investors are waiting to see what the ECB decides about interest rates later today and what other economic data comes out of the US.
Overall, our sentiment is still bearish, and we expect some pullback before seeing a further drop in EUR, please see the chart for details.
NVIDIA (NVDA): Why $1,077 Could Be Just the Beginning!NVIDIA (NVDA): NASDAQ:NVDA
In our last analysis of NVIDIA, we presented an alternative scenario. However, given NVIDIA's relentless momentum, we find ourselves needing to adjust this scenario once more. We are now inclined to believe that we are still within a subordinate Wave 3 of the overarching Wave (3), anticipating that the price must reach at least the $1,030 mark, particularly considering the subordinate Wave ((iii)) precisely hit the 461.8% level.
Following a rapid sell-off to Wave (a), we've observed the formation of Wave (b) with a three-wave structure right at the 100% mark. This leads us to position an entry for Wave (c) or Wave ((iv)), as we theoretically should achieve the 100% mark here too, aligning with the minimum 23.6% level for a Wave 4 around the 100% mark, thus establishing our entry point.
Moreover, the gap present, along with the underlying support zone, could be crucial. Hence, we're setting our stop-loss just below this zone. For the upward movement, we anticipate that the subordinate Wave ((v)) of Wave 3 could reach at least up to $1,077, fitting within our minimum target range for Wave 3 and aligning well with our expectations. Should the price drop below this level, other zones could potentially accommodate a Wave ((iv)), but such a scenario would not be as rule-compliant, making this current scenario more likely than others.
Considering NVIDIA's recent performance, this setup presents a favorable risk-to-reward ratio for a short-term trade.
R:R - 6.3
Risk: max. 1%
$OZON will cost much much moreMOEX:OZON has shown a very good results during a year. But definetely it will show much more in 4 months. Where to buy - 3350. Where to sell - 4950. Profit - 48%.
Does not constitute a recommendation.
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$HHRU - time to take a restMOEX:HHRU is overheated a bit and time comes for correction. Horizon is near 2350 during 4 months.
Does not constitute a recommendation.
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NEO FOR FUNDING TRADERS For all funding traders who deal with this business, mostly the broker gives you some of the cryptocurrencies to trade. Neo is one of them.
I see some liquidity between 14-15 and at the same time a vector candlestick that appears and it fills up until 12.18. Wait for the market makers to do what they have to do and come back at low prices, maybe a little higher, maybe a little lower. Another scenario that can happen is a breakthrough from a double bottom that has been in place for more than a year. Targets can be POC range 08 December 2021 - 01 May 2022, VAH and at the same time the maximum target of pattern 29.37.
DOT ANOTHER GIANT AWOKE Formed Wyckoff accumulation. With a breakout, there is not much resistance to the 18.3 price. At that price, the largest volume took place on the dates: January 26 to April 30.
I didn't like Dot because they didn't show much power last year, but they are a big giant that starts web3. Those who entered it earlier at this price may reap some profit.
I expect medium caps to start, that's why I'm also long with ADA and Neo.
Write in the comments which alts you would like to see on my profile and if they seem interesting to me I will post them
Caterpillar (CAT): Journey to New HeightsCaterpillar (CAT): NYSE:CAT
For Caterpillar, we are currently dealing with Wave (3), which is soon approaching its maximum at the 461.8% level of $385. Following this, we expect to see Wave (4) and then Wave (5), marking the end of our largest cycle, which concludes in Wave I. This sets the stage for building larger positions over the long term, although this will take considerable time, so our focus remains on the nearer term for now.
On the 2-day chart, it's apparent that we are approaching a significant resistance. The 461.8% level at $385 coincides with the 100% extensions for the maximum of a potential Wave 5 at 100%. Therefore, we anticipate encountering substantial selling pressure on Caterpillar, where we intend to find our entries for Wave (4). This process will take time, as there is still some room to move upwards, and we won't place aggressive entries just yet. We might turn before reaching this exact level, as it's not always necessary to hit these levels precisely.
Polkadot (DOTUSD): The race begins now!Polkadot (DOTUSD): BINANCE:DOTUSD
For Polkadot, we are setting our entry on the daily chart for a potential Wave 2. We expect it to reach between 61.8% and 78.6% because we don't believe the correction has been completed yet. We're leaning towards the idea that we're dealing with a Wave ((a)), as a closer look suggests we're seeing a five-wave downward correction, indicative of a potential zigzag correction for the Wave ((b)). Therefore, we shouldn't see too much upward movement before another downward movement occurs. The exact turning point in Wave ((b)) remains to be seen, but our scenario is clearly set between $10.85 and $11.30. Anything above that would require a closer examination, but we should not exceed this range. Then, we should move down to $8.24 to $7.25 to complete our overarching Wave 2. For Wave 3, we then expect a rise to at least $21.65, which represents a very significant increase with a very favorable risk-to-reward ratio.
$RNFT will not give up and have a good futureMOEX:RNFT I see potential for the next growing line after a little drop down.
goal is 265 or a bit more. Will correct later.
Does not constitute a recommendation.
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XAUUSD Bullish Trend - All-Time HighOverview:
XAUUSD (Gold/US Dollar) is currently experiencing a strong bullish trend, marked by consistent upward momentum and robust buying pressure. This bullish sentiment is underscored by the recent attainment of an all-time high price level.
Key Indicators:
Price Action: XAUUSD has been steadily climbing, forming higher highs and higher lows, indicating a clear uptrend.
Moving Averages: Short-term moving averages (e.g., 20-day SMA) are positioned above longer-term ones (e.g., 200-day SMA), signaling bullish momentum.
Volume: Trading volume has been increasing alongside price gains, reflecting heightened investor interest and participation in the market.
MACD: The MACD (Moving Average Convergence Divergence) indicator shows a bullish crossover, with the MACD line rising above the signal line, suggesting upward momentum.
RSI: The Relative Strength Index (RSI) is in the overbought territory, indicating strong buying pressure and potential further upside.
GBPUSD#GBPUSD
The short context is strongly pronounced, and due to the bank holidays, a liquidity outflow is evident. I believe the target will be reached within tomorrow's session. Ideally, we'll see liquidity taken above before continuing with the short order flow. Invalidation of the scenario can be considered if the price closes above 1.26500.
EURUSD1h - The hourly timeframe is currently indicating a short context as well. I'm expecting a breakout above the imbalance and also above the previous day's high (PDH). After that, my main intraday target will be the previous day's low (PDL).
Summarizing the above, both key timeframes are in a short context.
75: Douglas AG: Is it Time to Accumulate at Current Prices?Douglas, the parfumerie chain, has experienced a significant decline in its stock price since its initial public offering (IPO). With the stock now trading around 50% lower than its IPO price, it appears to be approaching a potential accumulation zone between the price range of 20 and 15 euros. This analysis explores the possibility of this price level being an attractive opportunity for accumulation, provided that market participants agree with this valuation.
Technical Analysis:
- Douglas stock has experienced a sharp decline since its IPO, forming a clear downtrend pattern on the charts.
- The stock is currently approaching a critical support level in the range of 20 to 15 euros, where it has historically found buying interest.
- The Relative Strength Index (RSI) indicator suggests that the stock is approaching oversold conditions, indicating potential exhaustion in selling pressure.
Fundamental Analysis:
- Despite the recent struggles in its stock price, Douglas remains a prominent player in the parfumerie industry, with a significant presence across Europe.
- The IPO proceeds were primarily intended to reduce the company's debt burden, indicating a strategic move towards financial stability.
- Douglas has outlined plans for expansion and modernization, which could potentially drive future growth and value creation.
Market Sentiment:
- The current sentiment towards Douglas stock appears negative due to the substantial decline post-IPO.
- However, there may be a shift in sentiment if market participants perceive the current price level as attractive for accumulation.
- Dealer activity and institutional investor sentiment will be crucial in determining whether the stock finds support in the indicated price range.
The recent decline in Douglas stock price post-IPO presents a potential opportunity for accumulation, with the stock nearing a key support level between 20 and 15 euros. However, investor sentiment and dealer activity will play a vital role in confirming whether this price range indeed serves as a favorable accumulation zone. Traders and investors should closely monitor price action and market dynamics before making any investment decisions regarding Douglas stock.