Uptrend
ETH is catching up with the gains against BTCAfter the inflow of positive information related to ETF, ETH overcomes the local downward trend line and moves upwards with dynamic movements.
After unfolding the Fib Retracment grid, you can see that the price has broken through the resistance at $2,537 and is currently heading towards another very strong resistance at $3,185.
Looking the other way, we see support at $2,248, and then we will mark the second one at $1,954.
On the RSI we see the third breakout of the hill, with room for a potential further move, while the STOCH indicator is above the upper limit, which may slow down the increase.
Bitcoin losing momentum The approval of the Bitcoin ETF has been already priced in
So, if you add the ETF approval with the bearish divergence with the ROC and a throwback is very likely
This could be a good opportunity for those who didn't buy this rally as the trend is still up
The key support zone is $40,000, I would not buy below this price.
Sidi Kerir Petrochemicals (SKPC) should target 37.7Daily chart, the stock SKPC has been trading in an expanding triangle since May 2023, and it is trending upwards - as supported by the positive MACD and RSI indicators.
Targets are 32, 34, then 37.7
For daily trader, the stop loss below 28.5 should be considered.
2024 Construction ProspectHAPPY NEW YEAR...
2024 personally looking good on Construction sector. Sector index is entering STAGE 2 UPTREND after coming down since 2018!
Stock wise:
GAMUDA, IJM, SUNCON
RE is another sector that I personally looking good.
Tell me what's you guys think on your 2024 prospect.
#Bitcoin January - continue increasing to 47000-48000Still expected to continue increasing to 47000-48000
- Yesterday, an officially unconfirmed bad news about the SEC refusing to approve all Bitcoin ETFs in January caused BTC to drop 10%.
But the uptrend is still valid as long as it has not broken the support trendline area
- If you buy according to the uptrend, DCA is in the area 41000-42000, SL: 39800. TP: 47000 48000. When the price rises to 44000, move the SL to break even.
Polygon - MATIC/USDT🚀 CRYPTOCAP:MATIC surges +48% after successful retest of macro market structure top. A breakout from the main pattern signals a new macro uptrend.
Monthly Close above $1.07 resistance could pave the way for further rally. 📈🔥
#MATIC #CryptoNews #BullishTrend