ZoomThe stock presents a pattern of change in trend (HCH) in a weekly timeframe, in addition to this, the RSI indicator is presenting increasing highs within its movements represented by an upward trend line.
We recommend buying at current prices with a stop loss at 78.80 and a take profit at 125.00 and as a second target in case the HCH projection is met, a take profit #2 at 205.00 USD per share.
Unitedstates
Nasdaq Plunge coming soon 5 Months of the ATH before the market crash, Nasdaq managed to find support around 24% down. When this support was broken, Nasdaq crashed by another 30%. 2008/09 housing market crises caused a world wide recession.
Are we seeing similar situation in 2022?
The technical analysis would suggest it is very possible. Not to mention the war in Ukraine, rising energy costs, inflation as well as a possible food shortage.
Have a look and please share your comments.
multi-country banned from Gate.io exchange With all of the countries now banned from the gate.io platform i can only assume this will disrupt the market as many will have to close positions on future derivatives, margine, and spot , as instructed to remove funds from the exchange. Anyone in the restricted countries will have there account terminated by the end of april if they do not confirm KYC in time.
If this does have such an impact, it would be a perfect catalyst to drive price down to these nearby missed pivot points around 3k and possibly lower, considering the way the market reacted to the binance restrictions in US.
Dogecoin Tumbles 17%As seen on CoinMarketCap, the cryptocurrency market tumbled to widespread selling pressure on Feb. 24, with most altcoins plunging by more than 10%. Dogecoin tumbled nearly 17% to reach intraday lows of $0.106 before a slight rebound. Despite the price dip, DOGE profitability remains at 50% per IntoTheBlock metrics.
The IntoTheBlock Holder Composition by Time Held also suggests half or 50% of Dogecoin holders as mid-term investors. Forty-five percent of holders have held their LINK tokens for more than a year, while barely 6% have held them for less than a month.
Dogecoin price and adoption
At the time of writing, DOGE is trading at $0.113 per token, ranking 12th largest cryptocurrency by market capitalization despite being down 17% on the day, according to CoinMarketCap data.
Dogecoin co-founder Billy Markus recently took to Twitter to share that a new fast food restaurant inspired by the original meme cryptocurrency has emerged in Dubai, and it now accepts DOGE as payment for burgers and soda.
Sling TV, a streaming TV provider based in the United States and a wholly-owned subsidiary of Dish Network, recently announced that it will take cryptocurrencies via BitPay. Subscribers of the virtual TV provider can now pay for their subscriptions using cryptocurrencies, such as Dogecoin via BitPay.
Bitcoin dips 12%In a move that seemed to catch markets by surprise, reports were flowing in of a feared three-pronged attack on Ukraine at the time of writing, with the West already promising more severe sanctions as a result.
Bitcoin, already trading in line with stocks instead of acting as a safe haven, thus showed uncertainty of its own, declining over 12.2% from Wednesday’s local highs to hit $34,300.
Asian stocks were already feeling the pressure, with Hong Kong’s Hang Seng index down 3.5% and the Nikkei reaching a 15-month low.
As traders waited to see the full impact on European and United States stock markets, Bitcoin market participants took stock of what the geopolitical events could mean for the largest cryptocurrency.
“So there are arguments both ways for what should be happening to BTC right now. I’m not really sure I would have guessed it would go down based on the fundamentals. But it is down, a lot! Why?” Sam Bankman-Fried, CEO of trading giant FTX, queried in a series of tweets Thursday.
AUDUSD Forecast Buying OpportunityHey traders, we are monitoring AUDUSD for a buying opportunity around 0.717 zone, once we will receive any bullish confirmation the trade will be executed. I see a long-term movement of the pair. First the trend line has been retested for the several times and the AUD index shows a long-term upward price movement. Wait for the break out of the trend line , retest and you are free to take a trade.
Disclaimer
Trade safe, by Kachala
Percent of Revenue for Interest Payments vs FEDFUNDs DifferenceThis chart shows the difference between the percent of federal tax receipts used to pay interest on the national debt (currently around 20% of tax receipts) and the FEDFUNDS rate. This difference has been growing through the years as the debt grows larger and people are less willing to buy treasuries at low interest rates. Even with historically low interest rates in the present day, the debt burden is large enough to over come this.
The effect of the FEDFUNDS rate on government expenditure will continue to grow with time. Even at an effective rate of 0%, the interest payments on the debt continues to grow. There is a clear upward trend on payments despite a near 0% FEDFUNDS rate. Increasing the FEDFUNDS rate will be detrimental to US government solvency. Inflation or default seem to be the two options available. Good luck, Fed people.
USD CAD TECH + IllustrationHello, again Dear Traders! Here we got a funny illustration somehow.
It is Triangles downside so the price is falling down (I HOPE SO) Ha Ha.
I think there is a chance of getting near 40 pips via Shorting. = )
IF you have any questions? Ask me!
Thank you for your time. Wish you all great.
FxCROWN
DXYHey traders, DXY have formed a good bullish flag, that's a good sign if you are looking forwards executing some xxxusd short or usdxxx long the coming week. I highly recommend you to analyze DXY every end of the week if not everyday, that will help you to spot the direction of USD pairs and trade them in a more professional way.
Trade safe, Joe.
DXY Hey Traders, in this week we are monitoring DXY for a buying opportunity around 96 zone. Once we will receive any bullish confirmation the trade will be executed.
i highly recommend monitoring DXY at the beginning of every week if not everyday, that will help you spot USD pairs direction and trade them in a more professional way.
Trade safe, Joe.
Dollar AlertWe're watching the #DXY for a break out higher. As the #US deals with rising #inflation and rising interest #rates, We are seeing a dual force of the dollar losing purchasing power while also see the dollar gain nominal value over all other fiat forms of #cash. To sum it up we are seeing all fiat cash prices fall yet the US is falling the slowest.
DXYHey Traders, in the coming week we are monitoring DXY for a buying opportunity around 96 zone respecting the daily supply and demand zone in combination with the bullish trend. Once we will receive any bullish confirmation the trade will be executed.
i highly recommend doing US DOLLAR INDEX analysis at the entrance of every trading week if not everyday to trade USD pairs in more professional way. a bullish DXY can result a xxxUSD drop and a bearish DXY can result a xxxUSD Pump
Trade Safe, Joe.