Trend Analysis
Marathon Digital Holdings (MARA) AnalysisCompany Overview: Marathon Digital Holdings NASDAQ:MARA is a key player in the cryptocurrency mining sector, particularly focused on Bitcoin production. The company has shown resilience and operational strength in its mining activities, making it well-positioned for future growth.
Key Developments:
Positive Analyst Ratings: Analysts from Macquarie and Cantor Fitzgerald have set price targets above $20, indicating strong growth potential for Marathon Digital. This reflects growing confidence in the company's operational and market strategies.
Increased Bitcoin Production: In September 2024, Marathon reported a 5% increase in Bitcoin production, reinforcing its operational strength. Additionally, the company achieved a 28% increase in Q1 2024 production, yielding 2,811 BTC compared to the same quarter in 2023. This efficiency in production underlines Marathon’s capacity to scale effectively in a competitive market.
Favorable Cryptocurrency Market: With Bitcoin recently surpassing $67,000, the broader cryptocurrency market is showing favorable conditions. This surge allows MARA to capitalize on increased investor interest in crypto stocks, positioning the company for substantial market gains.
Investment Outlook: Bullish Outlook: We are bullish on MARA above the $16.00-$17.00 range, driven by the company’s production efficiency and favorable market conditions. Upside Potential: Our target for Marathon Digital is set at $32.00-$33.00, supported by positive analyst sentiment and operational achievements.
🚀 MARA—Mining for Tomorrow's Success! #Cryptocurrency #BitcoinMining #GrowthPotential
AUDCHFAUDCHF price is in the correction phase. The price has a chance to test the support zone 0.56356-0.56177. If the price cannot break through the 0.56177 level, it is expected that the price will rebound. Consider buying the red zone.
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GBP/USDGbp has fallen to a daily support zone which coincides with 76 fib level. 1.28500 is a monthly significant price and we are currently trading above. The monthly close is unlikely to be below here and the new monthly candle will likely go bullish initially as price retests 1.30000-1.31000. NFP tomorrow which is likely to power the move.
EURUSD Before NFPYesterday, EURUSD held below 1,0900 as it awaits key events.
Today, NFP data will be released, which will have an impact.
The market's reaction to the news will shape the next move ahead of next week’s elections.
Key resistance: 1,0933
Key support: 1,0837
Watch for misleading moves and avoid rushing into trades.
During news events, trade with reduced risk!
NQ Power Range Report with FIB Ext - 11/1/2024 SessionCME_MINI:NQZ2024
- PR High: 20112.50
- PR Low: 20064.00
- NZ Spread: 108.5
Key scheduled economic events
08:30 | Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
10:45 | S&P Global US Manufacturing PMI
New lows to close October below 20100
- Holding previous session lows
Session Open Stats (As of 12:55 AM 11/1)
- Weekend Gap: +0.24 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 296.40
- Volume: 28K
- Open Int: 257K
- Trend Grade: Bull
- From BA ATH: -5.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Crypto Boom: Can Bitcoin Hit $117,189?This monthly Bitcoin (BTC) chart suggests a potential breakout above the key resistance level of $73,777, signaling a bullish momentum if it closes above this point. A target is set at $117,189, representing a projected 63.75% increase if the trend continues. Overall, a close above $73,777 could help confirm that Bitcoin has entered a strong bullish phase.
Near/BTC POTTENTIAL PUSH 115% - 1078% !!!!!!!!!NEAR/BTC Analysis - Weekly Timeframe
NEAR/BTC has been trading within a demand zone that’s historically acted as a strong support level, and the price appears to be gearing up for a potential bounce. Here are the key targets and observations from the chart:
Key Targets and Potential Upside
Target 1: 0.00006575 BTC
This level represents an initial 115.82% gain from the current price. It’s the first significant resistance within the current channel and would likely serve as an initial profit-taking zone.
Target 2: 0.00019632 BTC
A further target with a potential gain of 334.91%. This level aligns with historical highs, where NEAR previously encountered selling pressure. If momentum continues, this could act as the next resistance.
Target 3: 0.00025003 BTC
A medium-to-long-term target with a potential increase of 433.38%. This level is in a previous high-demand area and could be reached if NEAR maintains its bullish structure.
Target 4: 0.00054233 BTC
A more aggressive target, suggesting a gain of 973.22%. Achieving this level would indicate a major breakout and likely a shift in NEAR’s overall market cycle.
Ultimate Target: 0.00060214 BTC
A high-end target, representing a 1078.85% gain from the current price. Reaching this level would imply a strong bull run and could align with a significant shift in market sentiment.
Disclaimer:
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
SPY/QQQ Plan Your Trade Update For 10-31: Halloween BreakdownThis short video discusses why traders need to prepare for a downward move and the eventual move into Phase #3 of the Excess Phase Peak pattern (consolidation).
I believe this consolidation phase will be very short-lived. So be aware of the continued risks to the downside.
This election has many traders concerned about pre-/post-market jitters. Bonds continue to put pressure on the debt markets, and Gold and silver are not contracting downward (as I suggested), reflecting a real panic-type trending mode.
Spend a bit of time watching my past videos. It is very impressive that you called this move 3+ weeks in advance, and I continue to believe we will see a base/bottom setup just after the election.
So, there is still a boatload of opportunities for skilled traders.
Buckle up - this move downward is likely to be very volatile.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Could Hascol cross level of 10 again?Current results of Hascol are little improved since last results, Company is decreasng its loss slowly and gradually, It is a positive sign for increase of share prices. In this chart you can see the trend and it is near its support and as its improves financial results it can rise to these blue arrows levels.
Note: This is not a buy/sell call. Trade with your own decisions.
Trade Signal for GASUSDT: Buy OpportunityDear Traders,
We're presenting a promising trade signal for the GASUSDT pair with a Buy direction. Based on the latest insights gained through the EASY Quantum Ai strategy, we have identified a potential upward movement in the market. Below are the specifics for this trade:
Enter Price: 3.858
Take Profit: 3.94966667
Stop Loss: 3.70766667
This opportunity arises from an analysis considering several market factors:
1. Market Sentiment: Recent shifts suggest a positive sentiment for GAS, backed by increased buying interest and favorable market news impacting its valuation positively.
2. Technical Indicators: A convergence of key indicators such as RSI and MACD highlights bullish momentum, suggesting that the pair is poised to rise from the identified entry point.
3. Support and Resistance Levels: The set Stop Loss is strategically placed below a strong support level, minimizing potential risks, while the Take Profit target situates below a resistance level, ensuring a realistic profit objective.
4. Volume Analysis: There has been a consistent rise in trade volumes, typically preceding upward price movements, as institutional and retail traders show greater interest.
We recommend closely monitoring this trade and adjusting levels according to evolving market conditions. Happy trading!
Disclaimer: This signal is based on current market data and the EASY Quantum Ai analysis. Please consider your risk tolerance and conduct further analysis before executing any trades.
Bitcoin Bounce Setup at $69K Support
Decision : Open Long
Chart Analysis :
The daily chart shows that Bitcoin rejected off resistance near the $73,000 level and has pulled back to test key support around $69,000, which is aligned with the ascending trendline from recent lows. The 4-hour chart reveals that the RSI(4H) is going to oversold territory at 38.90, indicating potential for a bounce. Price is finding support at the lower boundary of the ascending wedge pattern. Given the current technical structure, this pullback could provide a buying opportunity within the overall bullish trend.
News Impact :
No significant bearish news surrounding Bitcoin itself has been reported. General crypto-related news remains neutral to positive, with recent partnerships and developments sustaining long-term bullish sentiment. A recent Bitcoin hosting deal by Bitfarms with Stronghold also supports positive infrastructure developments but has not significantly impacted immediate price action.
Market Sentiment:
The Crypto Fear and Greed Index is at 75, indicating 'Greed,' though not 'Extreme Greed,' suggesting elevated bullish sentiment. TradingView user sentiment is mixed, though multiple analysis ideas suggest a potential bounce from the $69,000 area, which is also identified as key support by several analysts in their ideas, further supporting the case for a potential rebound in the short term.
Conclusion:
Given that support around the $69,000 mark holds, and the oversold RSI(4H) provides a potential bounce point in line with the macro bullish trend, initiating a long position here is reasonable. If price breaks below the current ascending trendline, further downside to $66,600 is possible, but with the current support holding, a fresh long position with a stop below $68,500 allows for a calculated entry.
Confidence Score: 0.77
Note: This analysis was written by ChatGPT.
MASK - Next Stop $18MASK #155
Has now pumped 68% since low of the breakout.
This chart is very exotic but it has similarities with IONQ and SOFI...
Because this is another long term 3 wave correction.
And now that it is breaking out, the sky really is the limit of how high it can go.
Of course MASK is very exotic so we'll see but there isn't really any structure to inhibit its progress...
Because there is a high probability that the corrective phase is now over with 3 correction waves complete.
This could get up to the first fib target @ $18 in the not too distant future 🙂.
SOLUSDTJust got a message from a large crypto hedge fund, its time to bid solana
Monster rising wedge
Main targets are local high and the 259 mark
Crypto likes to do its main pump during the US election whilst the majority of the 'distribution liquidity aka wealthy America' isn't watching
So basically next week
Which lines up with the monthly candle bullish chart
Current harmonic level dip
And a mid range bullish retest of a high timeframe bullish structure
Plenty of confluence
Pump it this month...
SHARDACROP CMP 650.From a long time Chemical sector is consolidating now many chemical stocks are trying for breakout. Sharda Cropchem also from this sector. This stock trading at its 52 week high levels and near its all time high level.Currently at all SMA. On monthly candles volumes are gaining. Stock sign a potential uptrend.Find your best ENTRY EXIT and RISK REWARD area. Thanks.
Pepe bullish ideaPepe looks like it will come back to test this macro trend line.
If we look at the previous price action and assume Pepe will repeat given we launch into a bullish market, then these are my areas of interest.
Marking an area of support where if Pepe shows a reaction to this level, could be a good level to enter a long swing trade.
GOOGL Techical Analysis for Nov. 1, 2024Key Support and Resistance Levels
Immediate Resistance: 171.17 (current ask price). A break above this could indicate potential upside momentum.
Next Resistance: 182.02. This level may act as a significant barrier if GOOGL starts to rally.
Immediate Support: 163.94, where previous buying activity occurred. If the price retraces, it could find support here.
Major Support: 160.98–161.01, marking a stronger floor from prior price action. A break below this zone might signal further downside.
Price Action & Trend Analysis
Trend: The price has seen a downward pull after a recent rally, suggesting some profit-taking. However, the price currently appears to be consolidating near support zones.
Moving Averages: The 9 EMA and 21 EMA are trending downwards, showing that the recent short-term momentum has been bearish. Watch for any crossovers as a potential shift in momentum.
Trendline: There is a descending trendline from recent highs, which aligns with the current resistance. Breaking and closing above this trendline could indicate bullish momentum.
Entry and Exit Points
Entry (Long): If price sustains above 171.17 with strong volume, a possible entry could be considered with a target towards 182.02.
Exit: Consider taking profits at 182.02 if entering long. Alternatively, if the price loses support at 163.94, exit longs to avoid deeper downside.
Entry (Short): Below 163.94, consider shorting, with an initial target around 161.00 and potentially lower if selling pressure persists.
Additional Indicators
MACD: The MACD shows a slight bullish cross, which could suggest a near-term reversal in momentum if confirmed with price action.
Volume: Volume spikes are seen during sell-offs, indicating active participation in the recent downtrend. Watch for volume confirmation if the price attempts a breakout or breakdown.
Disclaimer
This analysis is for informational purposes only and should not be taken as financial advice. Please perform your own research or consult with a financial advisor before making any trading decisions. Market conditions can change rapidly, and this analysis may become outdated.