Get started

Lowdemand

CSCO - BEARISH SCENARIOCisco revised its yearly projections despite exceeding expectations in its fiscal first quarter, with a 9% stock decline afterward. The company reported adjusted EPS of $1.11 on $14.7 billion revenue, beating analyst predictions. Q2 projections are $0.82 to $0.84 EPS on $12.6B to $12.8B revenue, differing from estimates. Cisco adjusted its 2024 guidance to $3.87 to $3.93 EPS on $53.8B to $55.0B revenue, down from prior estimates. It anticipates a demand uptick in the latter half of the year after customers deploy recent products. Cisco remains committed to efficiency and shareholder returns. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:CSCOShort
by legacyFXofficial
BITCOIN - A Boring WeekHello everyone, rouzwelt here This post is just a quick follow-up of my last post about Bitcoin, nothing has changed, all the technicals mentioned in the last post are still valid. We don't yet see any clear direction in the chart, in fact this week has been a boring week already, just sideways move without much volatility. I personally thought that the break down would happen earlier, but we have not yet seen it and we need to wait until that happens. Bulls are trying hard to keep the channel valid but they are coming short to bring the price back up to last impulse move up as we're going ahead. The volume of each impulse is actually lower than the last which is indicating the exhaustion of buyers. But sellers are not doing much, they're not putting that much effort either. But this can change anytime and BTC may start its next definitive move soon, either up or down. This week's Bitcoin's boring price action has made some room for Alts to grow and regain some the lost levels, but my opinion is that it all can be fake out, because while these alts are rising, I believe that bitcoin price action and volume is indicating a break down, so when BTC dumps, these rising alt will dump even more and haunt all those who gone long in this short uprise. So my suggestion is to be really careful if you plan on going long in any alts at this moment. So right now my plan is still in its place, nothing has happened in the chart to consider any change of plan, I still find the market weak and lacking enough demand, and I still think a short trade is more logical with all the data we have, I'm going to enter on my short trade as I mentioned in my last post if all the conditions said were meet. (Link: ) We still should wait and see whether buyers manage to hold the channel or not, cause price is still sitting near the lower side, so a break-out is may happen anytime. I'm only going to speculate on long position in case we see more demand coming in at these levels. If you find this post useful then consider hitting the like button and comment if you have any opinion about my post, I'd appreciate it a lot. And as always have fun and trade safe.
by rouzwelt
4
Pattern breakout. Is ETH going down?Today's post is short and sweet - nothing much has changed since yesterday. Today's pattern, however, is promising a breakout. Macro data says up, micro data says down. It seems that a psychological number of ETH $1550 is a strong anchor and the price was quite stable around that price point ever since Monday! From my yesterday's post many of you have learned why the price is in such a limbo at the moment. Volume is slightly higher compared to Tuesday and if you will look a bit closer at the numbers - these are additional sell orders. That means that demand is not picking up. Friday may bring a bit more sense of urgency as traders will try to push to close the week with a profit. 💸 Today's technicals: Position is Neutral (Data Money fans with early access already knows that we have been shorting since ETH $1570 this morning 🤑) Forecasted high at ETH $1680 and $1700 Mid-way point at $1490 (indicating price recovery) Forecasted lows at $1490 and $1470 Have fun trading! 🏓 If you would like to have early access to Data Money ETH technical analysis, write what is your favourite Data Money ETH post and why with a link in the comments down below! 🙌
by DataMoney
Is ETH slowing down? What's coming next?Loyal readers already know the current trend. Here is a quick summary for the ones who are new: Last week was supposed to be an opportunity for bears to shine. However, on Wednesday markets went up instead of going down making everyone confused. Maybe that is why ETH price remained confused at the midway point. Now there was a lot of buzz about WSB, GME and DOGE that most likely pushed BOTS into higher than usual buying. On top of that Mr.Elon with a single #tag send BTC 20% up on Friday! What a week! Most traders could not believe their random luck, took 20-30% profit and took the weekend off drinking champagne 🍸🍹😎 This naturally dried the demand and a slow, painful weekend bleed began. So, where are we now? We have not yet reached a 7 day low, it is unlikely that we will see a 7 day high either. With volatility, demand and volumes dropping - it seems rather a bleak week. But it really doesn't have to be. There is still a glimmer of hope that whales will wake up and will swing the markets once again. Here are some technicals data: Midway point of 1330 seem to form a strong resistance blocking the price to go up. Unlikely potential highs: 1400 & 1425. The support line is unclear at the moment, in the last 3 days there have been numerous times there was less than $20 between Support and Resistance sending ETH into low-volatility no-mans land. Potential lows forecasted at 1255 and 1210.
BITSTAMP:ETHUSD
by DataMoney
4