Slerf is poised to rebound hard...The large #memecoins on #Solana
Have provided a wealth of opportunities
We must appreciate their strength and wonderful gains they have brought people
Their is no use crying on the sidelines that your coins aren't pumping
When we see what #WIF , #BONK have been doing
Keep you core coins that you like
but also if you bringing in fresh FIAT into this casino
I like Slerf at these depressed levels
as it may rise up in sympathy as Solana takes aim at a new cycle high.
The bollinger bands are squeezed in
the slow stochastics are perky
and we have our higher lows in place.
M-oscillator
Bitcoin's Stalled Breakout: A Test of Bullish Resolve
Bitcoin (BTC) ended last week with a whimper, failing to decisively break out of a bullish technical pattern and overcome key resistance levels. This has left many investors questioning the short-term trajectory of the world's leading cryptocurrency. After a price drop on Friday and a lackluster weekend, what can we expect from Bitcoin in the coming days and weeks?
The Failed Breakout and Bullish Doubts
The recent price action centered around a prominent technical pattern known as a bull flag. This pattern typically precedes a bullish continuation, with a price consolidation period following an uptrend. However, Bitcoin's attempt to break above the flag's resistance level at the end of the week proved unsuccessful. This failed breakout has cast doubt on the immediate bullish momentum and raised concerns about a potential reversal.
Technical Indicators: A Mixed Bag
Adding to the uncertainty are technical indicators that paint a conflicting picture. Some, like the Relative Strength Index (RSI), are hovering around neutral territory, suggesting neither overbought nor oversold conditions. This could be interpreted as a sign of potential buying pressure waiting to be unleashed.
However, other indicators like the "death cross" – formed when the 50-day moving average dips below the 200-day moving average – have emerged, historically hinting at a possible short-term price decline.
The ETF Inflow vs. Hedge Fund Shorting Tug-of-War
Beyond technicals, a fascinating dynamic is playing out between two opposing forces in the market: inflows into Bitcoin Exchange-Traded Funds (ETFs) and short positions taken by hedge funds.
On the bullish side, significant inflows into Bitcoin ETFs have been observed. This suggests institutional interest in the cryptocurrency remains strong, potentially providing a buying force that could propel the price upwards.
However, this optimism is countered by reports of hedge funds taking large short positions on Bitcoin. These bets essentially profit if the price falls. This shorting activity could act as a headwind, potentially hindering any significant price gains.
Short-Term Bounce vs. Long-Term Trend
While a short-term bounce from current levels seems likely, predicting the long-term direction of Bitcoin remains a challenge. The failed breakout and bearish technical indicators raise concerns about a potential downward correction. However, the underlying fundamentals, including strong institutional interest and Bitcoin's limited supply, suggest long-term bullish potential.
The Bottom Line: Patience and a Multifaceted Approach
For investors, the current situation necessitates a patient and multifaceted approach. Monitoring both technical indicators and on-chain data to gauge investor sentiment can provide valuable insights. Additionally, staying informed about regulatory developments and broader market trends is crucial, as these external factors can significantly influence Bitcoin's price.
Ultimately, while the immediate future of Bitcoin is uncertain, one thing remains clear: the battle between bulls and bears is far from over. The coming weeks will be telling, revealing whether Bitcoin can gather enough strength to overcome the recent setbacks and continue its upward trajectory.
Solana Searching For Direction: Will SOL Break Free Or Fall Flat
Solana (SOL), the high-speed blockchain once leading the charge in the 2023 bull run, finds itself in a state of uncertainty. Over the past few days, SOL's price has been stuck in neutral territory, oscillating between $155 and $170. This stagnant price action leaves investors both cautiously optimistic and undeniably confused about the future direction of the cryptocurrency.
Conflicting Technical Signals
Technical indicators often used to gauge cryptocurrency price movements paint a conflicting picture for Solana. On the bearish side, the dreaded "death cross" has emerged. This ominous signal occurs when the 50-day moving average dips below the 200-day moving average, historically indicating a potential short-term price decline.
However, a glimmer of hope remains. The Relative Strength Index (RSI) for SOL currently sits in neutral territory. While not a bullish sign in itself, a neutral RSI suggests some underlying buying pressure, even if it's weak. This contradicts the "death cross" and hints that a significant price drop might not be imminent.
External Factors Loom Large
Beyond technical indicators, external factors could significantly impact Solana's future trajectory. Regulatory decisions from governments and financial institutions remain a wild card. Stringent regulations could dampen investor confidence and hinder the growth of the entire cryptocurrency market, including Solana.
Furthermore, the broader market sentiment plays a crucial role. If the overall cryptocurrency market experiences a significant correction, it's highly likely that SOL would be dragged down along with it, regardless of its own technical merits.
Solana's Strengths: A Beacon of Hope?
Despite the current uncertainty, Solana boasts several strengths that could propel it forward. Its blazing-fast transaction speeds and scalability have attracted developers seeking to build innovative decentralized applications (dApps) on its platform.
A thriving dApp ecosystem is crucial for any blockchain's long-term success. If Solana can continue to foster a vibrant dApp developer community, it could drive increased demand for SOL, potentially leading to a price surge.
Analyst Predictions: A Mixed Bag
Looking ahead, analysts offer a mixed bag of predictions for Solana's price. Some, like the report from CoinCodex, project a bullish surge to $185 by July 10th. This optimistic outlook hinges on the assumption of positive developments within the Solana ecosystem.
However, this bullish sentiment clashes with the bearish technical indicators and the "greed" reading on the Fear and Greed Index. A high "greed" reading can sometimes indicate an overvalued market, potentially leading to a correction.
The Verdict: Wait and Watch
In conclusion, Solana's current state presents a complex picture for investors. While technical indicators are sending mixed signals, the broader market environment and potential regulatory hurdles add further uncertainty.
However, Solana's core strengths in speed and scalability remain attractive. The continued development of a robust dApp ecosystem could be the key to unlocking SOL's true potential.
For now, investors should adopt a wait-and-watch approach, closely monitoring both technical indicators and external factors that could influence Solana's price.
SPX500 trading in bullish channelThere was some volatility in the market last week. Nevertheless, the SPX500 is trading in a bullish area. The longer this is maintained and the RSI remains above 50 the greater the likelihood of higher prices ahead.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com) :
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Bitcoin (BTC) market overview | 10.06BTC’s daily chart portrays a significant rise from $60,176 on May 10 to the $71,958 high, followed by a correction and sideways movement. This pattern suggests a phase of price discovery and consolidation. Volume spikes accompany major price moves, with decreased volume during consolidation. Key support and resistance levels are $60,176 and $71,958, respectively.
Oscillators provide a mixed picture, with the relative strength index (RSI) indicating neutral conditions. The commodity channel index (CCI) at 39 and the average directional index (ADX) at 24 also suggest neutrality. However, the momentum indicator at 1941 signals bullish sentiment, while the moving average convergence divergence (MACD) level at 1007 indicates bearish sentiment.
Moving averages (MAs) show varied signals, but longer-term EMAs generally suggest reinforced bullish sentiment for the long-term outlook.
Given the mixed but generally positive signals from the longer-term moving averages and the momentum indicator, the overall outlook appears bullish. If bitcoin can break through the key resistance levels with strong volume, it could see significant upward movement.
WHITEBIT:BTCUSDT
$SPY June 10, 2024AMEX:SPY June 10, 2024
15 Minutes
On Friday as expected rectangle breakout happened with retrace and high also was 536.9.
As seen in chart the oscillator 5,35 still has not worked out as expected and AMEX:SPY finding it difficult to break out on upside.
AT the moment we are having 100 averages around 533. So holding of 532 is important today.
For the last fall from 539.9 to 533.49 4SPY retraced 61.8% to 535.44. Hence uptrend today only on crossing 536.45 levels for a target 538-240.
On downside i expect 529-530 to hold if 532 breaks being 200 average supports. It also happens to be 50 and 100 moving average support in 60 minutes time frame.
In one hour, we can see clearly. It was a steep rise from 518 to 535. Hence a sideways time correction in progress.
So, for the day buy above 536.5 fir 538-539 and sell below 532 for 529-530.
Not much of a R: R so I will not trade today, unless I get a good bar in 15 minutes, close near top and good volume.
Filecoin / USD / BTC - Regaular bullish divergenceOn the above daily chart a ‘incredible buy’ opportunity now exists following a 80% correction since April with oversold condition (orange column). Why bullish?
1) Price action breaks out of resistance to find support.
2) Regular bullish divergence. Lower lows in price action with RSI and MFI higher lows. There is actually 8 oscillators showing bullish divergence with price action at this time, but for the sake of keeping the chart clutter free they are not all shown here.
3) Stochastic RSI is crossing up 20. The green shaded area only occurs when high probability of uptrend exists - look left.
4) Price action against BTC on the daily chart (below) is also showing similar oversold conditions with ‘incredible buy’ opportunity. Excellent.
5) The 10-day chart (bottom) is currently testing support on past resistance.
Is it possible price action falls further? Sure.
Is it probable? Very unlikely. Excellent risk/reward ratio at this time.
Good luck!
WW
FIL / BTC daily chart:
10-day chart:
Biconomy (BICO)On the above 4-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why?
1) RSI and price action resistance breakout.
2) Multiple oscillators print bullish divergence across a 3-month period.
3) Seller weakness. Notice the long candle wick into seller territory?
4) Price action prints support on past resistance. Look left.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: Will say elsewhere.
ALEPHIUM PLAN FOR FIRST PART OF SUMMER Hi everyone, i know i haven't posted any ideas in a very long time but i decided to do this again, this time however there will be at least 5 new ideas every week.
Today's idea is about Alephium.
As we can see Alephium just completed a 6 month long Elliot Wave Cycle which brought the price from $0.414 so $3.829 ( +2500%) followed by a retracement back to $1.476 (-60%).
The A, B and C waves formed a Zig-Zag Corrective Wave (each one with it's subdivision 1-5, a-c, 1-5) and the recent formed leg up is in my opinion a X wave which will lead to another Corrective Wave which cold be a Flat, Triangle or another Zig-Zag, together forming a Complex Corrective Wave. Judging by the RSI oscillator it looks like it wants to go up or at least consolidate and keep the price in an accumulation zone (medium bullish divergence) until BITCOIN gets to a new HH and takes the last top as a support (altcoin season). I think that in order for an accumulation zone to form we should expect to see a Regular Flat where waves B and C will retrace and end near the top and end of wave A. However, I won't be surprised if the price will go a bit lower (another Zig-Zag or a Descending Triangle) because BITCOIN just started pumping again and we know that only a few altcoins perform well when BITCOIN pumps.
I hope this idea will give you a good perspective for the following month!
TON Coin ! Correction ?Toncoin is full of news and events on this project's platform
Weakness of the uptrend can be observed due to decreasing volume and rising price. The uptrend line, which has moved less and less upwards each time it has been hit, indicates that we can expect a correction. However, once our uptrend line is broken and we consolidate below the $6 Range (daily candle closes),
And if you pay attention to RSI the line has a downward trend and this indicator also confirms that we can have a correction
Now if this happens, our first target could be the $5.59 Range, then the $(4.8 - 4.59) zone.
And if our uptrend line throws the price upwards, we can expect the $(7.5 - 7.88) Range to be broken, in which case our targets could be $10.12 and then $13.58.
Please note that the confirmation of the zone is the daily candle close.
And know that this is my analysis and is not financial advice at all, there is no 100% in the financial market.
I would be happy to hear your opinion as well?
CRUDE OIL (CL): Weak Momentum Likely to Persist?Assalamualaikum wbt and Good Day to fellow traders!
From my rather simplistic view, the overall two-hour time frame (TF2hr) chart seems to indicate that the prices for WTI Light Crude Oil ( NYMEX:CL1! ) could go further south at least for the time being.
The further potential weakness is being reinforced by the significant key moving averages (in this case Exponential Moving Averages or EMAs ) - the EMA50 (blue line) and EMA200 (amber line) - in which the Black Gold sits below those lines since April 17, 2024.
Despite several rebound attempts, the commodity has continued to slide downwards making some notable Lower Lows and Lower Highs until recently last Friday while trading range-bound in between.
In addition, the Moving Average Convergence Divergence (MACD) indicator also flashed a cautious sell signal last Friday following a cross over.
On top of that, the obvious rejection at the 76.03-76.30 key level could possibly suggest that the bearish momentum is still in play.
However, a bullish reversal may occur should the MACD crossover take place above the 0 line with the help of a significant volume, as well as the two EMAs crossing up.
Wallahu a'lam.
#cl #crudeoil #wti #blackgold #exponentialmovingaverage #ema #macd
XAUUSD - Gold (Make or Break moment)There is a lot of selling pressure for gold, with RSI signaling overbought conditions on every higher time frame. Undoubtedly bullish, however, it may have reached a peak. In my opinion, a lot of consolidation is required before pushing for another ATH. Currently, a double top appears to be in the making, with a swing rejection candle on the daily, with a hanging man candle in formation. Bear trap? Possible. However, considering there is a possible DXY breakout to the upside, as EURUSD breaks down with impending interest rates cuts in June for the EURO, my money is on the dollar. Consequently, if gold begins to retrace back to the 2300 region for a "double bottom" bounce, the ensuing move upward may begin to appear more as the right shoulder with a sequential move to the 2200 region. Moving averages are quickly catching up. Conversely, there is arguably a "cup and handle" with ~2550 target. However, this may be perceived as invalidated by many with the rejection wick on the daily. Trade carefully.
NIFTY 50 in 2024 to begin a 40%+ correction?The Nifty 50, also known as the S&P CNX Nifty 50, is a widely followed stock market index in India. It represents the performance of the top 50 companies listed on the National Stock Exchange of India (NSE) by market capitalisation.
Since the market lows of March 2020 the index has exploded 180%. If you’v never experienced one before, this is what a market melt up looks like.
A number of reasons now exist to be incredibly cautious. A long position today may not see a profitable return for almost 6 years. How can we know this?
Look left.
On the above 2 week chart (as well as weekly time frame and lower) a hanging man candle prints. It is a textbook example. Market participants are exhausted.
The bearish divergence is also significant. Eight oscillators currently print negative divergence with price action. This is not the first time this has happened.
2015 and 2018, 25% correction 2 years to break even.
2008, 60% correction 6 years to break even.
Is it possible price action continues upwards? For sure.
It it probable? No. After a 180% rally?
Ww
ADOBE: What is the stock doing before the Q2 earnings Adobe's stock price has been declining over the past month, currently trading below its 50, 100, and 200-day moving averages, with the chart drawing a "death cross" pattern around mid-April, which further confirms the bearish sentiment. The stock now trades at a 25% discount compared to the highs earlier this year.
The Volume Oscillator currently stands at 1.3%, suggesting some buying interest remains, but it's weakening compared to recent trading volume. This could signal a potential reversal, but the downtrend remains strong, with the neutral RSI not suggesting any bullish reversal either.
Next week's Q2 earnings announcement could be a significant catalyst for Adobe. Positive earnings could potentially reverse the current downtrend, but the recent controversy surrounding Adobe's terms and conditions update could weigh on investor sentiment.
The T&Cs update has sparked concerns among users, particularly creatives worried about their creations being used to train AI models, and professionals concerned about the privacy of their data. This could potentially impact Adobe's reputation and customer base, particularly since Adobe remains relatively silent on the issue. This uncertainty adds another layer of risk to the stock in the near term.
GOLD - Bullish Parallel Channel - Bullish DivergenceTVC:GOLD has been trending in a bullish Parallel Channel for the last few weeks! Price tested the bottom of the channel and formed bullish divergence on 4 hr chart, indicating potential bullish momentum for the short term! Traders could look to trade the channel on smaller timeframes!
$SPY June 6, 2024AMEX:SPY June 6, 2024
15 Minutes.
As expected, 533 was done yesterday.
If we take the last sideways consolidation rise from 524.95 to 534.69, holding today 532 i have a target 538-540 levels.
However as AMEX:SPY has moved from 522.6 to 534.69 from Monday to Wednesday, i expect a sideways consolidation today before attempting to hit 538 tomorrow.
As we can see in chart AMEX:SPY is having multiple hits at channel mid, so I expect a breakout, retrace and then swift move to 538-540 tomorrow.
The moving averages are getting sorted out to be in order with 100 expected to cross 200 today.
The only negative issue is oscillator divergence which should get sorted out today.
DXYThis index may go up, the arguments are here:
Advantages
Uptrend channel
Wave 2 (ABC) completed, maybe the market will start a wave 3 of 5 if my count is correct
The price exceeds 0.38 fibo since September 2023 and this year
Price makes higher highs and lower highs
The RSI and Stoch show me oversold on a daily and weekly time frame.
If the ECB lowers interest rates tomorrow and the FED does not make changes to its policy, I can speculate on this
Cons
The COT does not show me a convergence between Hedge Funds and Institutional Funds, I need confirmation for this data.
For an invalidation price, if the price closes below 104 I think the dollar should go down against all currencies.
NOT A FINANCIAL ADVICE
Automata Network (ATA) - Bullish divergenceOn the above weekly chart price action has corrected 95%. A number of reasons now exist for a bullish outlook, including:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) What was said above is also true for the ATA-BTC pair.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for long: days
Return: Will say elsewhere
Why Trend is Not My Friend in Trading: Impact of Futures MarketsWhy Trend is Not My Friend in Trading: The Impact of Futures Markets
In trading, it's often said that the real money is in the futures markets rather than the spot markets. Futures markets offer higher leverage, greater opportunities for profit, and a unique set of dynamics that can be advantageous for informed traders. However, while it's wise to focus on futures markets for these reasons, blindly following trends within them can be misleading and risky.
The Relationship Between Futures and Spot Markets
Trends in futures markets often have opposing effects in the spot market. The direction of the spot market is frequently determined by activities in the futures markets. For example, while the spot market may show an uptrend, this is often not due to a genuine upward trend but rather a downtrend (more short than long) in the futures markets. This apparent contradiction arises because futures markets exert a powerful influence on spot prices through mechanisms such as leverage, speculation, and contract expirations.
In essence, there is no consistent trend that can be relied upon across both markets, which is why "trend is not my friend" in trading. Understanding the intricate dynamics between these markets is crucial for making informed trading decisions.
Example of Analyzing the Bitcoin Futures Markets
On November 30, 2022, during a relatively uneventful period in the cryptocurrency market, I took the opportunity to delve deeper into market analysis. I observed an intriguing pattern in the Bitcoin market, drawing from historical data and technical indicators to make future predictions
In March 2021, I noticed that BTCLONG crossed above the RSI (Relative Strength Index) 50 level at the monthly close. This event was significant, as it triggered a long squeeze beginning in April 2021 that persisted for several months. A long squeeze occurs when a heavily longed asset experiences a sharp price drop, forcing long holders to liquidate their positions, which in turn exacerbates the downward pressure.
By November 2022, I saw a similar setup but in the opposite direction. With the monthly close of November 2022, BTCSHORT was poised to cross above the RSI 50 level. Based on historical patterns, I speculated whether this would lead to a major short squeeze, similar to the long squeeze of April 2021. A short squeeze happens when a heavily shorted asset rises in price, compelling short sellers to cover their positions by buying back the asset, which drives the price even higher.
To add depth to my analysis, I drew a Fibonacci retracement, indicating that the maximum pain point for both long and short positions converged around the $31,000 price level. I mused about the possibility of a "Santa rally" – a rise in asset prices during the final week of December – potentially pushing Bitcoin to this level.
As the cryptocurrency community considered my analysis, market dynamics began to unfold. True to my prediction, a short squeeze did indeed follow the November 2022 monthly close. Bitcoin prices surged as short sellers scrambled to cover their positions, fueling a rapid increase in buying pressure. This rally propelled Bitcoin towards the $31,000 level, validating my technical analysis and highlighting the cyclical nature of market movements driven by trader psychology and technical indicators.
The short squeeze of December 2022 became a notable event in Bitcoin's price history, mirroring the long squeeze of April 2021. It served as a reminder of the importance of technical analysis and historical patterns in understanding and predicting market behavior. The anticipation of a potential Santa rally added a festive twist to market sentiment, capturing the imagination of traders and analysts alike.
In conclusion, my analysis on November 30, 2022, accurately foresaw the short squeeze that followed BTCSHORT's RSI 50 crossover. This event not only provided a profitable opportunity for those who heeded my analysis but also contributed to the broader understanding of market mechanics in the ever-evolving world of cryptocurrency trading.
Now, in June 2024, a new development has emerged. For the first time on a monthly basis, both short and long positions are below the RSI 50 level. To refine our predictions, we can examine lower time frames. On weekly and daily charts, when the RSI for both short and long positions falls below 50, and the RSI for long positions is even lower than for short positions, the price typically doubles. Given that Bitcoin's current price is around $70,000, a prediction of $140,000 is not unrealistic. However, because there are too many long positions in daily time frame, I expect a drawback of about 10% to follow before the price doubles.
This new scenario presents an intriguing opportunity to apply past patterns to current market conditions, forecasting a potentially significant price movement. As the market continues to evolve, the importance of thorough analysis and historical insight remains paramount in navigating the dynamic landscape of cryptocurrency trading.
Conclusion
In the complex and highly leveraged environment of futures markets, relying solely on trends can be perilous. The volatility, speculative nature, and structural peculiarities of futures markets often create false signals and abrupt reversals. Successful trading in futures markets requires a nuanced approach that goes beyond trend analysis, incorporating risk management, understanding of market mechanics, and a keen awareness of market sentiment. By recognizing the limitations and potential pitfalls of trend-following in futures markets, traders can develop more resilient and adaptable strategies.
Copper Breaches Key Support but Tech & Fundamentals FavorableThe commodity has registered a notable pullback from last month’s record highs and has now moved below the pivotal EMA200 (black line) and 38.2% Fibonacci of this year’s advance. This pauses the bullish momentum and exposes Copper to the ascending trend line from the 2024 low and the daily Ichimoku Cloud.
However, this region could contain the correction and multiple roadblocks follow, making the downside unfriendly, while the RSI points to oversold conditions. As such, we expect Copper to find renewed vigor and push towards 5.000 and eventually new all-time highs (5.200), with the fundamentals also being supportive.
The improved supply-demand dynamics have driven this year’s rally and can fuel further strength. There may be some risks in the consumption outlook, mostly form China’s property sector and the slowdown in the pace of EV adoption, but consumption for the metal is set to increase due to the AI revolution and the clean energy transition. At the same time, things don’t look good on the supply side, with major miners slashing their output targets for the year.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Can SNAP slo-mo bounce from an earnings fall? LONGSNAP had a mild top and bottom line beat with last week's earnings and
the price fall. Given SNAP's mediocre social media interface, I think the
earnings were decent but I suppose most traders felt otherwise looking
for more. Technically on the 1H chart, price is sitting at support at the
bottom of the fair value zone. PVT and the Gaussian Awesome Oscillator
are flat line trendlines. Reversion to the mean says SNAP will rise from
current market price. I will go long. If price can rise and get to 11.5,
the volume profile's volume void suggests it could easily cross over the
mean VWAP into the 12.5 range for another leg higher. If you want my
ideas of targets and a stop loss, please comment.