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BTC/EUR. Eyeballing across the €100'000 roofBitcoin robustly pumped to $100,000 and above for the first time on Wednesday, December 4, 2024 surging to a new record after President-elect Donald Trump unveiled administration picks seen as holding the keys to ushering in crypto-friendly policies when he takes office in January. Chief among the picks is Paul Atkins, whom Trump intends to nominate to lead the Securities and Exchange Commission (SEC), which regulates cryptocurrency. Atkins, know in social media as a crypto advocate and former SEC commissioner, is expected to regulate cryptocurrency with a lighter touch than Gary Gensler, who leads the commission under the Biden administration. Gensler, who aggressively fought the industry’s expansion in the US, is set to resign on Inauguration Day. Bitcoin touched $100,000 just hours after Atkins was announced as Trump’s choice for SEC chair. This is all right with the new milestone (counted in greenback), built on the stunning rally since Trump won the presidency throne on November 6, which fueled a $6,000 one-day spike in bitcoin that brought it to a new record above $74,000. A week later, it hit $90,000. By the way.. The main technical graph for BTC/EUR COINBASE:BTCEUR says €100'000 milestone has not been passed through yet to this time. While talks are talking, last exam is not passed yet. Macro data still stoke fears over a possible recession and the notion that the Federal Reserve could be too slow with cutting interest rates. Non-farm payroll added just 12K new places last month. Fresh labor market data is on the radars on Friday, Dec 06 (+202K non-farm payroll forecasted). Sure, there is "no guarantee", though.. until last exam is not passed yet. In case of success only, we can talk about further growth towards 150 thousand euros.
by Pandorra
Gold Spot intraday setup. The Pushmi - Pullyu animalRemember Dr. Dolittle? He was a vet who could talk to animals. One of the rarest was the “pushmi-pullyu,” a llama with two heads (one head was where the ass ought to be). The pushmi-pullyu was a gentle creature that did not like to be stared at. And yet the other animals in Africa convinced him to go with the good Dr., and be put on display in Europe, because Dr. Dolittle was a kind soul who needed money to look after all the animals in his “care”. It's gone a bit since Gold explosion last week, due to Biden's gaffe to authorize the yellow/blues regime use US-made missiles inside Russia's legal area, while the rods of Russia's retribution hanged like the sword of Damocles over all of Europe, on the basis of reciprocity. Last week Gold spot added +153 US Dollars just in 5 Days. That was the best in history ever 1-week return, since January, 1980. Additionally, in percentage points Gold spot added +5.97 percent in a week. It was the 3rd best 1-week return over past decade. Gold spot in Euro OANDA:XAUEUR at the same time continues its gain 11th straight month in a row. The main intraday graph is for Gold spot OANDA:XAUUSD , and it indicates that Gold has retraced a bit to its key $2670 level (that was discussed in earlier published ideas), and ready to take Adv. again, since Trump-a-rally rolled out into the all-the-world fart.
OANDA:XAUUSD
by Pandorra
Bitcoin (BTC/USD) Analysis: Correction on the Horizon?Bitcoin has been on a parabolic rally, recently crossing the critical 1.618 Fibonacci extension level at $96,232. As BTC edges closer to the psychological $100,000 mark, questions arise about whether this momentum can be sustained or if a correction is imminent. Here's a detailed analysis: Key Observations: 1.Fibonacci Extension Levels The price has decisively broken above the 1.618 Fibonacci level at $96,232, a critical milestone often associated with overextension in trends. Historically, price corrections tend to occur after such steep rallies, especially near extended Fibonacci levels. 2.Overbought RSI The daily RSI is in overbought territory (>70), signaling that the asset may be due for a cooling-off period. A potential bearish divergence could emerge if the price forms higher highs while RSI fails to do so, which is a classic precursor to corrections. 3.Volume Dynamics While volume supported the initial breakout, it has been relatively muted as Bitcoin approaches $100,000. Declining volume in an uptrend often signals waning momentum and increases the likelihood of a pullback. 4.Psychological Resistance The $100,000 level is a key psychological barrier, likely to trigger profit-booking by traders and long-term holders alike. 5.Potential Support Zones In case of a correction, watch for support at the previous Fibonacci levels: $90,000 (minor support) $74,296 (1.0 retracement) $66,700 (0.786 retracement) Scenarios to Watch: 1.Short-Term Correction Likely If BTC fails to hold above the 1.618 level ($96,232), we could see a pullback toward $90,000 or even deeper to $74,296. Bearish RSI divergence or a decline in volume on higher prices would confirm this scenario. 2.Continued Rally Consolidation above $96,000, supported by strong volume and neutralizing RSI, could indicate sufficient strength for a breakout beyond $100,000. A confirmed breakout with volume could pave the way toward $110,000 and beyond. Conclusion: A correction appears increasingly likely in the short term as BTC approaches the psychological $100,000 resistance with overbought conditions. However, the broader trend remains bullish, and any pullback to key Fibonacci support levels could present a buying opportunity for long-term traders. Key levels to watch: $96,000 (immediate support), $100,000 (resistance), and $74,296 (major support). Stay cautious and monitor the RSI, volume, and price action around $100,000 to gauge the next move. Let me know your thoughts! Is BTC primed for a pullback or ready to shatter $100,000? Comment below!
BINANCE:BTCUSDShort
by AngshumanSaikia
Gold takes Adv. since Trump-a-rally pans out to Bulls fartIt's gone 2 weeks or so, since Mr. Trump has secured a win over his Democrat-rival Kamala Harris in the 2024 U.S. presidential election, as it declared by the Associated Press. Since that, a lot of stocks soared in a meme-style mode, while Bitcoin clears $93,000 and Dogecoin soared amid Trump-fueled crypto rally. Among nearly 2000 components of Smallcap Russell 2000 Index TVC:RUT , appr. 90 percent of them (without any fundamental reasons) were up on November 6 - at the day Trump clinched White House victory. For S&P 500 SP:SPX and Nasdaq-100 NASDAQ:NDX indices these numbers were 70 and 75 percent respectively. Since US dollar interest rates are still near multi year highs and Powell still says the Fed is in no hurry to cut interest rates.. all of that means Trump-a-rally gives no light for super-duper bets, as it's been discussed in earlier posted ideas. Moreover, Geopolitics is roaring back, as current U.S. President Joe Biden tries to authorize the yellow-blues to use powerful long-range American-made weapons inside Russia's legal areas, potentially inside Kursk region where located The Kursk Nuclear Power Plant, that is one of the three biggest nuclear power plants (NPPs) in Russia and one of the four biggest electricity producers in the country. The main graph is for Gold spot OANDA:XAUUSD , and it indicates on Cup with Handle technical structure in development as Gold takes Adv. since Trump-a-rally pans out to Bulls fart.
OANDA:XAUUSD
by Pandorra
AUDUSD - Trump continues to influence the dollar!The AUDUSD currency pair is located between EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of an upward correction due to the release of economic data this week, we can see the supply zone and sell within those limits with the appropriate risk reward. As long as the drawn upward trend line is maintained, the target of this corrective movement will be the ceiling of the descending channel. The recent U.S. elections have sparked two contrasting narratives about the country’s economic future. One emphasizes economic growth through tax and regulatory cuts, while the other highlights downside risks stemming from tariffs and overall policy uncertainty. However, the business cycle’s strong performance to date remains a key consideration. Forecasts suggest that U.S. economic growth will slightly slow to 2% in 2025, with unemployment rising modestly to 4.5%. Additionally, the Core Personal Consumption Expenditures (Core PCE) index is expected to decrease by 0.5% next year, settling at 2.3%. The Federal Reserve is likely to cut interest rates by 25 basis points in December and reduce them further to 3.75% by the end of Q3 2025. On the trade policy front, significant tariff increases on China are anticipated, though no major changes are expected elsewhere. These tariffs could reduce trade volumes and raise import prices. According to a recent Federal Reserve Bank of New York report, credit application rejection rates in 2024 are projected to be significantly higher than in 2019. The report also indicates that households are expected to be less inclined to apply for credit next year. Rejection rates for mortgage refinancing and auto loans have reached record highs in the survey’s history. Furthermore, the share of Americans refraining from applying for credit due to discouragement is on the rise. Meanwhile, Goldman Sachs has revised its 2025 economic growth forecast for Australia downward, citing potential negative spillovers from the expected increase in U.S. tariffs on China. In its 2025 Australia and New Zealand Outlook report, Goldman now predicts a 1.8% rise in Australia’s GDP for next year, down from its earlier 2% forecast. This adjustment reflects the anticipated impact of tariffs on Australia’s exports, given that China is its largest trading partner. President-elect Donald Trump has threatened to impose a 60% tariff on Chinese exports, aiming to protect American businesses and jobs. In response, Chinese President Xi Jinping has remarked that China-Australia relations have maintained a positive trajectory of growth. He emphasized the need for enhanced coordination and cooperation between the two nations, stating that there are no fundamental conflicts of interest between them. Xi also called on Australia to create fairer trade conditions, announcing China’s readiness to increase imports of high-quality Australian products and encourage Chinese companies to invest in the country.
Short
by Ali_PSND
UltraPro QQQ. Trump-a-rally gives no light for leveraged betsIt's gone 10 days or so, since Mr. Trump has secured a win over his Democrat-rival Kamala Harris in the 2024 U.S. presidential election, as it declared by the Associated Press. Since that, a lot of stocks soared in a meme-style mode, while Bitcoin clears $93,000 and Dogecoin soared amid Trump-fueled crypto rally. The main graph is for UltraPro QQQ NASDAQ:TQQQ and it indicates, that major 82-Dollars resistance for leveraged bets on Tech sector has not been broken yet. 👉 NASDAQ:QQQ is a traditional ETF that tracks the Nasdaq-100 Index, suitable for long-term investors seeking broad exposure to tech-focused stocks. 👉 NASDAQ:TQQQ is a leveraged ETF that aims to deliver triple (3x) the daily returns of the Nasdaq-100 Index, making it only suitable for short-term traders. Since US dollar interest rates are still near multi year highs and Powell says the Fed is in no hurry to cut interest rates.. all of that means Trump-a-rally gives no light for leveraged bets (yet). Potentially everything can be clear in January, 2025 only. GL y'all. Cheers, @Pandorra 😎
NASDAQ:TQQQ
by Pandorra
Presidential cycle. Will the crossing of RUT and SPX be repeatedDuring the Presidential Cycle is possible to verify that both indexes make peaks and troughs by the same time with similar moves. By early 2016, the indexes followed the same movement by roughly three months, after that SP500 and Russell2000 made a new high just before the elections. The prices continues to rise until the pandemic. By early March 2020, SPX crosses above RTU and it was above until a little before Biden election, thereafter RUT crossed again making a new high two months later SP500 also made a new high. By early January 2024, SPX crossed definitely RUT with SPX already making a new high. So following the history after the elections is time to RUT to cross above the SPX line as well as to reach another higher high(??)
TVC:RUT
by AFCapital21
Bulls on the Road: A Long-Term Bet on Tesla's FutureNASDAQ:TSLA MACRO bullish outlook. From a weekly timeframe RSI is back above 50, price have been making multiple higher lows and with last weekly close we have finally made a strong higher high. The stock is currently trading +7% pre market open. The bottom seems to be in and looks like it wants to go straight to new all time highs. With such a bullish momentum behind for any bystanders looking to jump in, any retrace towards $290's to $250's is a long entry at DCA. New all time high should be in a breeze.
NASDAQ:TSLALong
by ZelfTrade
1
Bitcoin BTC Forecast: Trump Wins, What’s Next for Crypto?Hello, Skyrexians! Earlier this year we made the predictions for Bitcoin and Ethereum. We assumed that price has finished the wave 4 for Bitcoin and wave 2 for Ethereum. Here you can find predictions: Today it looks like our forecasts are playing great. Trump won the elections in USA and cryptocurrency showed us the significant growth in one day. Bitcoin was even able to set the new ATH, some altcoins are also feel good. In today's article we are going to discuss if Trump really triggered new wave of bull run, or this is just a fake pump and soon we will see huge crash. Navigating Bitcoin bull run: where is the final target First of all let's take a look at the entire bull run which started at $15k. We can see on the chart below the beautiful impulsive wave. This bull run shall consists of 5 Elliott waves. Maximum Awesome Oscillator value corresponds to the wave 3. Then we have seen the corrective wave 4 to 0.5 Fibonacci level. Look at this perfect touch! Do you remember the panic on the market on August 5? But we were sure that this is the end of dump. Awesome Oscillator crossed zero line also at this period of time. It was the early indiction that all this annoying correction is almost done. Then we saw the growth with the new ATH for Bitcoin. Now price is printing the wave 5. Where is the target? Using our methods we predict the finish of bull run in the range between $85k and $107k. If you noticed - targets are unchanged! So, we suppose that bull run for BINANCE:BTCUSDT is almost over. It will continue climbing up on this optimism, but not so far. Now let's try to understand more global price action.
Long
by Skyrexio
2
BTC | Price CELEBRATES Trump VictoryBitcoin has increased by 13% after Donald Trump has been declared the next President of the United States, beating rival candidate Kamala Harris. Over the past few months, Trump has claimed to be very open to cryptocurrency and this victory has done nothing short of pushing the price to a new ATH... and climbing! There are two ways in which we can calculate the net major stops; one I have been speaking about since MARCH. This target seems to be the likely next stop for BTC in the short to near term. Time will tell if the new POTUS will be kind or cruel to crypto - remember that time we all rooted for Garry Gensler...? About that... Let's hope this time will be different. If you want to know al little bit more about how ALTSEASON fits into this picture, check out the following idea: _________________________ BINANCE:BTCUSDT
BITSTAMP:BTCUSDLong
by CryptoCheck-
1
#PAIUSDT #MEXC #AI NEXT MOVEThis chart shows the price movement of ParallelAI/USDT on the 4-hour timeframe from the MEXC exchange, dated November 6, 2024. Green Zone (Buy Zone): The highlighted green area represents a support zone, indicating a buy zone between approximately 0.2758 and 0.3014. This zone shows where the price has consistently found support, making it a potential area for buying opportunities if the price bounces upwards from this level. Red Lines (Sell Points): There are two red-dashed resistance levels, acting as potential sell points: The first level is around 0.3807, indicating a previous resistance where the price could face selling pressure. The second level is near 0.4334, marking a stronger resistance where traders might consider selling if the price reaches this level. The current price is near 0.3014, within the buy zone, suggesting a possible entry point for buyers, with potential selling opportunities at the highlighted resistance levels.
MEXC:PAIUSDTLong
by YoungMillionair
Will Trump win?🔍 Technical Analysis of STRUMP/USDT 📉 Key price levels marked in green 🟢 and red 🔴 show potential "Winner" and "Loser" zones: 1️⃣ Winner Zones (Resistance) Break above 0.007312 could drive price higher 🚀 Stronger resistance at 0.010810 to confirm uptrend 🔼 Higher targets at 0.017108 and 0.025640 📈 2️⃣ Loser Zones (Support) First support at 0.004441; a fall below signals potential downtrend 🚨 Further support at 0.003255 and 0.002162 🛑 📉 Channel & Trend Lines: Price is moving within a descending channel ➡️ Breakout from this could indicate a reversal 🔄 Trading Strategy: 📈 If price enters green zones and breaks resistances, consider buying positions. 📉 If price drops into red zones and fails to hold support, selling or avoiding buys might be wise.
by ahmadarz
TRUMP MEDIA (DJT) Skyrockets After NYC Rally! Next Big Move?TRUMP MEDIA (DJT) Analysis: Trump Media & Technology Group Corp (DJT) experienced a sharp rise in price, gaining over 10% in Tuesday’s pre-market trading following a high-profile rally by Donald Trump at Madison Square Garden. This rally, which attracted a wave of attention, likely fueled the surge in buying interest. The stock closed 21.59% higher the previous day, marking a significant increase. Trade Setup: Entry Point: $30.15 Stop Loss: $20.95 Target Levels: TP 1: $41.53 TP 2: $59.93 TP 3: $78.33 TP 4: $89.70 Technical Indicators: The Risological dotted trend line indicates bullish momentum, suggesting that buyers are stepping in forcefully. With TP 1 already reached, the stock has shown strong momentum, making the higher targets achievable if this rally sustains. Market Sentiment: Post-event enthusiasm and Trump’s push on key issues seem to resonate with certain investor groups, potentially sparking further interest. Given the volume spike to 110.35M, far above its 30-day average, momentum remains high. Outlook: With further upside potential, the stock could reach its higher target levels if the rally and media attention continue to bolster confidence. Keep a close watch on volume and price action to capture potential profit-taking points or to ride the bullish wave to higher targets.
NASDAQ:DJTLong
by ProfitsNinja
$DJT Climbs 18.55%—Boosting Trump’s Net Worth By Over $500 MlnShares of Trump Media & Technology Group (NASDAQ: NASDAQ:DJT ) surged by 18.55% on Monday, significantly increasing Donald Trump's net worth by over $500 million. This marks a notable rebound for the stock, which has faced volatility in recent months. Trump Media, which owns the social media platform Truth Social, saw its stock price rise to nearly $30 per share. Trump, who holds a 57% stake in the company, benefited from the sharp rise, bringing his net worth to $5.5 billion. The surge in Trump Media stock comes as speculation around Trump’s potential election win intensifies. Betting markets have given Trump higher odds of winning, with Election Betting Odds trackers showing Trump leading Kamala Harris at 53.2% to 45.8%. The stock, often labeled a “meme stock,” has reacted strongly to these political developments. Political Influence & Investor Sentiment Trump Media’s stock price often mirrors the former president's chances in the upcoming U.S. election. As election betting markets sway in favor of Trump, so do investor sentiments surrounding $DJT. The rise in stock value can be largely attributed to Trump's increasing chances of a successful political comeback, leading investors to bet on the company’s future under a potential Trump presidency. Additionally, the company's recent launch of Truth+ streaming services has contributed to the renewed attention. Trump Media (NASDAQ: NASDAQ:DJT ) recently announced the rollout of Truth+ on the web, with future plans to expand into iOS, Android, and major smart TV platforms. This move is expected to broaden the company’s user base and provide an additional revenue stream. Technical Analysis: From a technical perspective, (NASDAQ: NASDAQ:DJT ) is displaying strong bullish signals. As of the time of writing, the stock has formed a bullish engulfing pattern, confirming a potential continuation of upward momentum. The stock is currently trading above key moving averages, with the RSI sitting at an overbought level of 76. While the stock is in an overbought zone, this is a common feature for NASDAQ:DJT during sharp rallies, especially given the influence of political and media news on its price movement. The stock's current resistance level is set at $40, a significant pivot that mirrors a previous support level from June 2024. Breaking through this resistance could lead to a new rally, especially if Trump's election prospects improve further. On the downside, support is positioned around $23, which is also near the stock’s one-month high. A move toward this zone would likely lead to consolidation before the next leg higher. Election Impact on Long-Term Prospects The outcome of the U.S. presidential election could have a dramatic effect on the future of NASDAQ:DJT stock. If Donald Trump emerges victorious, it is highly likely that the stock could test or exceed its all-time high (ATH) of $66, a level reached in February 2022. However, if Trump loses, the stock could face steep declines, with experts like Matthew Tuttle suggesting it could plummet to zero. For now, Trump Media’s performance remains heavily influenced by external factors, particularly political events. Investors are advised to keep a close watch on polling data and election betting odds, as these will be critical in forecasting the stock's trajectory over the next several months. What to Watch For The next major catalyst for NASDAQ:DJT will be its third-quarter earnings report, expected in mid-November. The previous report showed lower-than-expected revenue, leading to a stock price drop. Investors will be watching closely to see if the company's new streaming platform and growing political momentum can offset earlier losses. If Trump’s political influence continues to rise, the stock could easily outperform expectations.
NASDAQ:DJTLong
by DEXWireNews
4
Trump Media & Technology Group Stock Surges as Musk Backs TrumpShares of Trump Media & Technology Group (NASDAQ: NASDAQ:DJT ) surged by over 15% on Monday, buoyed by renewed political momentum after former President Donald Trump’s rally in Butler, Pennsylvania, where he appeared alongside Tesla CEO Elon Musk. The event, held just a day prior, saw Musk publicly endorse Trump for president, a move that has energized Trump’s supporters and investors alike. Musk’s endorsement, along with the rally’s broader media coverage, has acted as a significant catalyst for NASDAQ:DJT stock, which has seen a strong uptick in trading volume and investor interest. Musk-Backed Momentum and Media Buzz The rally in Butler marked a high-profile return for Trump to the site of a previous assassination attempt in July, with Musk's appearance further amplifying the media attention. In his 90-minute speech, Trump spoke at length about his vision for the country, while Musk labeled himself “Dark MAGA” and expressed strong support for Trump’s re-election, stating, “President Trump must win to preserve the Constitution.” This public backing by one of the world's most influential tech entrepreneurs has provided a jolt to NASDAQ:DJT , which had previously been on a steady decline. Adding to this momentum is the recent U.S. Supreme Court dismissal of a lawsuit filed by Musk’s X Corp. The lawsuit alleged that Special Counsel Jack Smith violated the First Amendment in obtaining a search warrant for Trump's communications on Twitter. The dismissal was seen as a victory for both Trump Media and Musk, helping to restore some investor confidence. However, challenges remain. Trump Media recently revealed in regulatory filings that its Chief Operating Officer, Andrew Northwall, resigned in late September, marking yet another leadership shake-up within the company. Additionally, the firm is set to release nearly 800,000 shares of its stock to an early investor, per a Delaware judge’s ruling. Despite these internal challenges, the company’s chief product, Truth Social, continues to depend heavily on Trump’s popularity and his continued presence on the platform. Technical Outlook Technically, NASDAQ:DJT appears to be in the early stages of a potential bullish rebound. The stock is currently up 10.67% as of this writing, capitalizing on the rally’s momentum and Musk’s endorsement. However, NASDAQ:DJT has been in a falling trend pattern since its all-time high (ATH) back in March 2024, signaling a long-term downward trend. The Relative Strength Index (RSI) stands at 54.54, indicating that the stock is not yet overbought and has room to grow further. This gives traders optimism that the stock could continue its upward trajectory. A key concern, however, is that NASDAQ:DJT is still trading below critical moving averages (MAs), particularly the 50-day and 200-day MAs. These levels represent important resistance points that NASDAQ:DJT will need to break through to confirm a sustained bullish reversal. Price targets suggest that the next major pivot for the stock is set at $33, aligning with the 200-day MA. Should NASDAQ:DJT continue to capitalize on its recent gains, breaking through this level would be a strong indicator of further upward movement. However, until the stock moves above these key averages, caution is warranted as NASDAQ:DJT remains vulnerable to retracement. Outlook: Political Tailwinds Could Drive Future Gains The rally in Butler, Musk’s endorsement, and recent legal victories have given NASDAQ:DJT a fresh boost of momentum, but the stock still has significant hurdles to overcome. Investors are eyeing the upcoming 2024 election cycle as a potential catalyst for further gains, particularly if Trump’s popularity continues to rise. While the stock is still trading below its key moving averages, the formation of a bullish pattern and steady RSI suggest that there may be room for further upside. As NASDAQ:DJT recovers from its post-March lows, long-term investors and traders will be watching closely to see if the stock can break through the $33 resistance level, which could signal a full-blown reversal of its current trend. For now, NASDAQ:DJT is riding a wave of political and media momentum, and the road ahead is one of cautious optimism. Investors would do well to keep an eye on both Trump’s political fortunes and the company’s internal management developments as key factors that will influence the stock’s trajectory.
NASDAQ:DJTLong
by DEXWireNews
Trump Media & Technology Group Sees Relief – What’s Driving it? Trump Media & Technology Group (Nasdaq: NASDAQ:DJT ), the parent company of the social media platform Truth Social and operator of the Truth+ TV streaming service, has seen a sharp recovery in its stock price after hitting its lowest point since its SPAC merger in March. With recent developments and a surge of 8.95% in its stock price, the company's expansion into multi-site content delivery networks (CDNs) is drawing significant attention from investors. Expansion Overview At the core of this recovery is the strategic expansion of Truth Social’s custom-built content delivery network. TMTG’s CEO, Devin Nunes, recently announced that the CDN, which powers Truth+ TV, is now operational at multiple geographic locations across the country. The expansion is a significant step for the company, as it enhances its ability to deliver streaming content more efficiently and reliably. This distributed content network will allow Truth Social to stream news, Christian content, and family-friendly programming at scale, all while operating on its proprietary software infrastructure. As Nunes highlighted, this is consistent with Truth Social’s vision to become a platform that promotes free speech and remains outside the control of Big Tech. The company plans to introduce stand-alone apps for Truth+ TV soon, further expanding its reach and user engagement. This streaming expansion has breathed new life into the stock, helping NASDAQ:DJT recover from its prolonged downtrend. In addition to the technical advancements, NASDAQ:DJT 's recent stock surge can also be attributed to large-scale investor movements. United Atlantic Ventures LLC, a major shareholder, offloaded nearly its entire stake in the company. Despite this move, the stock rallied 7% following the news, suggesting that investors are optimistic about the company’s future direction and are focusing on its long-term growth potential rather than short-term shareholder exits. Technical Outlook From a technical perspective, NASDAQ:DJT has been stuck in a persistent downtrend since its all-time high in March. The stock had been trading within a falling trend channel for months, facing resistance and failing to break out of its downward trajectory. However, the recent price action has provided a glimmer of hope for bulls. In Tuesday’s trading session, NASDAQ:DJT was up 0.83%, with the Relative Strength Index (RSI) sitting at 44.33. While this is still below the midpoint of 50, indicating neutral momentum, it suggests that the stock may be on the verge of breaking out of its bearish trend. The RSI is also no longer in oversold territory, signaling that selling pressure has eased. On Monday, NASDAQ:DJT surged 8.85% following the announcement of the multi-site content delivery network for Truth Social. This move has marked a potential reversal in the stock’s price trajectory, especially as the company’s efforts to expand its streaming capabilities seem to be resonating with investors. However, the stock still faces resistance levels, with traders watching for a sustained break above recent highs to confirm a full reversal. Challenges and Future Outlook Despite the recent recovery, Trump Media (Nasdaq: NASDAQ:DJT ) has faced significant hurdles in 2024. One of the notable challenges was the reduction of stakes by co-founder Andrew Litinsky, who now owns only 100 shares through his investment vehicle, United Atlantic Ventures. This move initially raised concerns among investors, contributing to the stock’s decline earlier in the year. Additionally, competition in the streaming space is fierce, and Truth Social’s goal of building an uncancellable, proprietary streaming platform puts it in direct opposition to some of the largest tech companies in the world. However, the company’s vision and its clear steps toward executing that vision have brought optimism back to the market. Truth Social’s infrastructure expansion and its focus on free speech and uncancellable content could attract a dedicated user base. Moreover, the launch of stand-alone apps for Truth+ TV could serve as a major catalyst for both user growth and stock price appreciation in the coming quarters. Conclusion Trump Media & Technology Group ( NASDAQ:DJT ) has managed to stage a promising recovery, driven by its strategic expansion of Truth Social’s content delivery network. While the company has faced challenges throughout 2024, the recent surge in stock price and improvements in its streaming infrastructure point toward a brighter future. Investors will be closely watching the stock’s ability to maintain momentum and break through key technical resistance levels. With Truth Social’s goal to become a fortress of free speech and the upcoming launch of standalone apps, NASDAQ:DJT has the potential to regain favor among both retail and institutional investors. However, caution is warranted as the stock is still vulnerable to volatility, particularly if the broader market turns or if the company faces further headwinds. For now, the improvements is painting an encouraging picture for $DJT.
NASDAQ:DJTLong
by DEXWireNews
9
Crowdstrike May Signal Stock Market Top But Crypto Trump Pump!Traders, I tried very hard to upload a video to the TV platform today but was unsuccessful. It may be that TV is also affected in some ways by the Crowdstrike update, I don't know? Needless to say, my video will not be shown here and due to house rules I am unable to say where you might find it or if it is even available. So, in keeping with those rules, I will only give the written preview of what the video will be when/if I can eventually upload to Tradingview. Sorry for the inconvenience. Here is my prelude to the video that I made for this post. ----- To help us understand the broad, over-arching view and where our economy may be headed, both in the U.S. and abroad, we must sometimes tackle some subject matter that appears to be political on the surface and makes some people rather uncomfortable. But if we are going to be accurate traders, then we also need to be honest. Being honest involves setting aside our political dogma and preferences and viewing current events with as little bias as possible. Removing bias involves removing emotion. Let's attempt to do that today as I dive in with a closer inspection of the Crowdstrike-caused Microsoft BSoD outage and discuss Trump's recent assassination attempt. We are going to cover how each of these recent events has impacted the stock market and our crypto space. If this subject matter makes you uncomfortable, you may want to skip this video. I'm cutting straight to the chase here and I'll explain why it matters. You see, I learned the hard way a long time ago that if you want to make money in this market then you have to understand what the world rulers are up to and what their end game might be. It's often uncomfortable to explore motives here because they appear to be so uncompassionate, calloused, and uncaring, but we must put them on the table as options at least if we are going to determine market direction and become the best traders that we can be. Following the money and potential motives of the deep state(s) can help us win. This is what we'll do a bit of in today's video. Enjoy.
NASDAQ:CRWDShort
by stewdamus
1
DJT stock: Dead cat rebound or wave of support?Trump Media & Technology Group Corp's stock surged following news of an attempted assassination on major shareholder Donald Trump at a political rally on Sunday. Given the fervent nature of Trump's supporters, it's plausible that voters could turn to their wallets before casting ballots in November as the presidential race heats up. Drawing parallels to the recent activity surrounding the GameStop stock, a meme rally cannot be entirely ruled out, potentially presenting a lucrative opportunity for speculators. For this scenario to materialize, high trading volumes in the stock need to persist. The average trading volume over the past two weeks is around 10 million shares. If today's activity surpasses this figure, it could indicate sustained interest in the stock following yesterday's massive gap up and record trading volume. Although DJT stock closed $6 lower than its opening price, it currently hovers around the crucial $40 level. If the bulls can maintain the price above this level before today's close, it could signal a further bullish trend. Conversely, if the price were to fall below the $40 mark, we might see the stock trading at its early July levels of $30. This trade is highly speculative, and while the current political climate could easily add more fuel to the fire, it's crucial to monitor the fundamentals. DJT reported a loss for Q1, but with Q2 earnings around the corner, investors should stay vigilant. Call spreads with 30-40 DTE (shortly before Q2 earnings report) might be an interesting play here regardless of the direction you're betting on.
NASDAQ:DJT
by WHSelfInvest
TESLA has no resistance until 155, SHORT SQUEEZEIf you look at the VRVP analysis you can see clearly (the yellow) that no buyers filled the gap between 120-155, meaning this was a straight fall shorted by hedge funds. They are trying to fill out their shorts at this 107 price level, it's just a question of time at this point, they can't keep this suppressed with such a large gap, it would initiate momentum to the upside and with no sellers left at that level, it would fly up, margin calling shorts, and only further accelerating the price level to potentially 180.
NASDAQ:TSLALong
by kibakilla33