Since I am betting on ~5 dollars as the doge top. The 0.382 fib level is the golden for Dogecoin. This zone besides to catch the bottoms is the first consolidation area after breaking path and then reaching the top. Next bear market if this proves right sits around 90 cents so you should be buying at these levels since we are halfway of what might be the best price to get in the next bottom cycle.
12.17.2024 / NASDAQ:NUKK Fundamentals. Acquisition of a controlling stake in Star 26. Technical analysis. Daily chart: Accumulation during 2024. Premarket: Gap Up by more than 100% on increased volume. We mark the premarket high at 3.88. Trading session: An attempt to go below 2.00 at the beginning of the session was unsuccessful and the price makes a clear retest of the 3.88 level on increasing volume. Then there is a shallow pullback and a breakout at 10:27 a.m. with an increase in volume. After the breakout, we observe a decrease in volume on the return movement to the level and its holding. We are considering a long trade to continue the upward movement. Trading scenario: breakout with retest of level 3.88 Entry: 4.15 on the growth of volumes after the retest and holding of level 3.88 Stop: 3.73 we hide it behind the tails of the trade range above the level. Exit: Close part of the position around 12.00 when signs of weakness of the uptrend is appear. Close the rest of the position around 9.84 after an unsuccessful attempt to update higher low. Risk Rewards: 1/13
For educational purpose only. This is not investment advice.
Please don't be negative if you don't understand. There is a chance for more bullish momentum. Bat pattern is complete now. This is my Eyes on EURNZD.
PIVX is a dinosaur coin with a relatively low Market Cap (~ FWB:30M in the time of making the idea). As long as it's above $0.166 (The strict Stop-Loss), I expect a strong bullish move to reach and surpass the ATH! It has been in an accumulation soft downtrend since the beginning of 2018. It's time will certainly come.
Two large falling wedges can be observed on the RSI for ETHBTC, the second and the one we are currently experiencing is nearly completed. After this ETH will turn very bullish compared to BTCUSD and will begin to outperform. Weekly RSI
The oil market is currently under pressure, with WTI down to $69.30 and Brent at $72.66. The main causes are: Pemex Production Recovery: Oil platforms in the Gulf of Mexico have returned to full capacity after improved weather conditions and the end of the hurricane season. This has increased available supply, partially offsetting the decline in Russian production. Decline in Russian Crude: Russian maritime oil exports have fallen by 11% since October due to maintenance at a key terminal. This has temporarily limited flows but has not significantly supported prices due to increased production from other sources like Pemex. Strengthening US Dollar: The Dollar Index (DXY) is around 107.00, gaining strength thanks to preliminary US PMI data for December, which signals the fastest economic growth in 33 months, driven by the services sector. A strong dollar negatively impacts oil, making it more expensive for buyers using other currencies. API Expectations: Crude inventory data from the API, scheduled for 21:30 GMT, could add volatility. Last week, there was a build of 0.499 million barrels. EU Sanctions: The EU has imposed sanctions on a Dutch trader involved in trading Russian oil above the price cap. The impact on volumes remains limited for now. Oil Technical Analysis Price Range: Oil is trading within a range between $67.00 (support) and $71.50 (upper resistance), with this band likely extending into January 2025. Resistance: The key resistance is located at $71.03 (100-day SMA) and $71.46, where prices encountered selling pressure last week. A breakout above $71.03 could push prices toward $75.27, but caution is needed for quick profit-taking as the year-end approaches. Support: The first solid support is at $67.12, a level that held prices in May-June 2023. A break below could see crude testing the 2024 yearly low at $64.75 and then $64.38, the 2023 low.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
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Cryptocurrency exchange Bitget received authorization to offer Bitcoin-related services in El Salvador.