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ETH 15M Short-TermHello everyone, let's take a look at the ETH to USDT chart on a short time frame of 15 minutes. As you can see, the price is approaching the exit of the triangle. When we unfold the Fib Retracement grid, we can see that we have a strong support zone from $1,775 to $1,760, which should be monitored because a break from the bottom may mean further declines. Looking the other way, you can see the resistance zone from $1,818 to $1,839, and then the resistance at $1,865, only when the price breaks it will it be able to go further up. Looking at the CHOP indicator, we see that there is still energy for a move, on the RSI we are still moving around the middle of the range, but the STOCH indicator shows that we are reaching the upper limit, which may result in another price recovery.
by cryptodailyuk
8
ETH/USDT 1H Interval ReviewHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, you can see a support zone from $1,791 to $1,785, and then we have a second zone from $1,775 to $1,768. Looking the other way, we have a resistance zone from $1,798 to $1,808, and then resistance at $1,821 before further growth. Looking at the CHOP indicator, we see that there is still some energy left for the move, while the RSI indicator and the STOCH indicator indicate that we may see a greater price recovery.
by cryptodailyuk
Coca-Cola Co: Maintaining The Resistance LevelKey Points To Note a. Coca-Cola Co (NYSE:KO) reported a growth of 8% in net revenues, reaching $12.0 billion in Q3 2023. b. The company's operating income grew by 6%, while EPS grew by 9% to $0.71. c. Coca-Cola Co (NYSE:KO) also raised its full-year guidance based on its year-to-date performance. d. The company gained value share in total nonalcoholic ready-to-drink (NARTD) beverages. showcasing continued momentum from the first half of the year, Coca-cola company reported an 8% growth in net revenues, reaching $12.0 billion, and a 6% growth in operating income. The EPS also grew by 9% to $0.71. The company's revenue performance included a 9% growth in price/mix and a 2% growth in concentrate sales, which were in line with unit case volume. The operating margin was 27.4%, slightly lower than the 27.9% in the prior year. This decline was primarily driven by items impacting comparability and currency headwinds. However, the comparable operating margin (non-GAAP) was 29.7%, slightly higher than the 29.5% in the prior year. Coca-Cola Co (NYSE:KO) also reported that cash flow from operations was $8.9 billion year-to-date, an increase of $861 million versus the prior year. This was driven by strong business performance and working capital initiatives, partially offset by the transition tax payment made during the second quarter. The company continues to link consumption occasions with consumer passion points to build deeper brand connections. For instance, for the FIFA Womens World Cup 2023, the company activated a system-wide campaign in Australia and New Zealand. The company also continues to pursue its World Without Waste packaging goals by designing and increasing availability of packages that include a combination of recycled materials or reusable containers. Additionally, Coca-Cola Co (NYSE:KO) continues to evaluate its fit-for-purpose balance sheet and the needs required to support its growth agenda. Recently, the company entered into a letter of intent to refranchise company-owned bottling operations in the Philippines to Coca-Cola Europacific Partners (CCEP) and Aboitiz Equity Ventures (AEV). What To Expect Towards The End Of 2023 The company expects to deliver organic revenue (non-GAAP) growth of 10% to 11% for the full year 2023. It also expects commodity price inflation to be a mid single-digit percentage headwind on comparable cost of goods sold (non-GAAP) based on the current rates and including the impact of hedged positions. The company expects to generate free cash flow (non-GAAP) of approximately $9.5 billion through cash flow from operations of approximately $11.4 billion, less capital expenditures of approximately $1.9 billion. Overall, Coca-Cola Co (NYSE:KO) delivered a solid quarter and is raising its full-year topline and bottom-line guidance in light of its year-to-date performance. The company's leading portfolio of brands, coupled with an aligned and motivated system, positions it to win in the marketplace today while also laying the groundwork for the long term.
NASDAQ:COKE
by DEXWireNews
MKR/USDT 4HInterval ReviewHello everyone, let's take a look at the MKR to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. When we unfold the Fib Retracement grid, we can see that the price is above the support zone from $1,487 to $1,456, and then we mark the second strong zone from $1,406 to $1,371. Looking the other way, we see that the price is fighting in a strong resistance zone from $1,497 to $1,542, when we break out of this zone higher, the next resistance is at $1,601. It is worth paying attention to the STOCH indicator, which shows that the energy exceeds the upper limits of the range, which may translate into a rebound in the coming hours.
by cryptodailyuk
1
Dogecoin Rises, But Encounters Resistance At $0.064 Dogecoin price long term forecast: bearish The upward momentum has broken through the moving average lines but has stalled at the simple moving average of the 50-day line. DOGE is currently trading above the 21-day line SMA, but below the 50-day line SMA. The upward movement is expected to continue to a high of $0.062. DOGE has now returned to the previous fluctuation range between $0.060 and $0.064. The current uptrend will continue if the price rises above the moving average lines and the barrier at $0.064. The market will reach a high at $0.068. Meanwhile, DOGE is between the moving average lines. Dogecoin indicator display DOGE resumes its uptrend as the price bars cross the moving average lines. The altcoin will have to fluctuate between the moving averages if the 50-day line SMA stops the uptrend. Another market movement is possible when the price rises above the 50-day line SMA. The slope of the moving average lines is in the opposite direction, which indicates a sideways trend. What is the next direction for Dogecoin? DOGE/USD has returned to its price range of $0.060 to $0.064. According to the price indicator, the altcoin will rise to the 1.618 Fibonacci extension or $0.0624. Altcoin is reaching the overbought zone of the market. The current bullish momentum will face resistance at $0.064. Bulls have struggled to break the $0.064 resistance level since August 31.
by DEXWireNews
SUN 22 OCT USDCHF BEARISH TRADEIn the chart, the USD/CHF price has been following a bearish channel, consistently making lower lows and lower highs. The next opportunity for traders is to wait for the price to pull back to the support level that has become resistance. With a risk-reward ratio of 3, traders have several strategies available: A) Wait for the price to pull back and demonstrate a bearish candlestick pattern such as a pinbar, engulfing pattern, inside bar, doji, etc. This approach relies on confirmation from price action signals. B) Place a limit order at the structural level, anticipating a reversal from that point. This strategy does not wait for confirmation and assumes the price will respect the historical structure. C) Combine both methods by allocating half of your capital to enter with a limit order at the structure level and the other half upon confirmation of a bearish candlestick pattern. This approach balances confirmation with the potential of an earlier entry.
Short
by kennkennntl
2
Camex Ltd - Flag Pattern (Weekly)Risky trade but a possibility of big returns between 20 to 100% possible in CAMEX Ltd Technical Analysis: There are multiple resistance but they have been tested multiple times and now a breakout from flag pattern could give higher returns CMP: 30.38 Targets and Stop loss on the graph itself. Monthly chart also looks strong considering it has been in a range for over a decade a breakout would mean a multibagger (Time frame for this could be more than a year) On Daily it looks interesting and seems good support and candlestick pattern Very Bullish on this stock Also fundamentally looks a decent pick But trade according to your risk, Not sebi registered
BSE:CAMEXLTDLong
by VArun1000
Dr copper potential more downside moveHello traders, lets take a look at copper which testing an important resistance area and see what can possibly happen and what are the consequences of possible bearish move in other markets like us equities. first lets talk technical, price overall bearish Daily move in copper formed a standard #head_and_shoulder pattern in form of consolidation in downtrend move and as we know this chart pattern in the middle of a move showing continuation. As it can be seen price formed clear H&S pattern and now forming possible LH at key resistance area below Daily EMA and at the 4H timeframe 200 EMA. more importantly price failed to close above 3.80$ in the past 3 days. Also we know that copper as one of the most important commodities is very sensitive on economic data, and since central banks are in raising interest rate campaign in order to take control inflation this can be interpreted as lower economic growth and as a result les demand for industrial commodities like copper which can bring prices lower. so now obvious chart pattern and a valid downtrend, price testing important resistance area and failed to break above it and more importantly we have fundamental aspect inline with technical analysis which all together gives good odd to find a trigger to short.
CAPITALCOM:COPPERShort
by mohemati
📝 $USDJPY: Watch Potential Breakout and Bounce From Trendline👋 Full-time trader here. Posting out here free Forex analyses for you. Welcome to like, follow, & share. Thanks for your continued support. 👍 Scenario 1: Bullish Breakout Trendline-bounce plays can be dangerous if you're new to trading. It's always good to wait for confirmation. In this case, an ideal scenario would be to bounce off the TL's third touch (now) and break into resistance for a confirmed breakout. If bulls come in here, they'll reclaim the resistance as support and continue higher. That's the ideal move. A safe trader would buy on break of resistance ONLY AFTER resistance becomes support. Here's a visual: Scenario 2: Bearish Rejection Many traders will like to think that this was a bearish rejection on the 4th touch of TL and they hopped in to short it. But wait. Not so fast - that can be a bearish fakeout. Need to be careful here and wait for proper confirmation, which would look something like this: First, the blue trend gets broken. Next, the resistance holds up well for a violent breakdown. You can start shorting on a lower high after that. You can play both sides, as long as you wait for confirmation. Waiting for confirmation is difficult in a fast-paced trading environment. You want to jump on a trade, make some pips right away, and log off. It doesn't work like that. Patience pays off. Wait for confirmation and take safer trades. Always check the shorter timeframe for the best entry and for trend confirmation! If you see the wick of the last candle, it bounced PERFECTLY on the high wick from before. Also, what's great is that it confirmed a fakeout under the trendline on a strong, bullish, high-volume candle. As I always tell my followers, go LIGHT on your trades. Baby gains add up! When you refine your strategy or hit 100 green trades, start making heavier trades. Follow for more free insights. Posting a few times daily!
Long
by kingdips