ServiceTitan, which offers financial and customer management software for the trades, went public in a big way on Thursday, much to the delight of retail investors. The stock quickly popped from its opening IPO sales price of $71 million to $105 a share in modest trading volume. It is currently maintaining an above-$100 price. ServiceTitan’s […] © 2024 TechCrunch. All rights reserved. For personal use only.
In den Star Wars-Prequels begab sich Natalie Portman in eine weit, weit entfernte Galaxie – und starb dort den Film-Tod. Fans wollen wissen, ob ein Wiedersehen trotzdem möglich ist und Natalie Portman äußerte sich dazu.
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US CPI came in as expected on Wednesday, which has kept markets mostly confined to tighter consolidation. The data confirms expectations for another rate cut from the Fed next week. However, it also introduces the possibility that the Fed might be less accommodative in 2025. Elsewhere, the Australian dollar has been benefiting from a strong wave of demand after sinking to a fresh yearly and multi-month low on Wednesday. Earlier today, Australian employment data came in much stronger than expected, leading to a less dovish repricing of RBA bets. On Wednesday, the Bank of Canada proceeded with a 50 basis point rate cut. Interestingly, the Canadian dollar traded higher on the day, driven by the market's prior anticipation of the rate cut—classic "buy the rumor, sell the fact" behavior. Key standouts on Thursday's calendar include the ECB policy decision, US producer prices, and US initial jobless claims.
Hey fellow traders! Let's dive into this fascinating SOL/USDT hourly chart that's showing some really interesting technical patterns. First, what immediately catches my eye is the descending channel (those yellow parallel lines) that's been guiding price action. The text on the chart points out "Multiple Touches Confirming the trend" - and they're absolutely right. We've seen several clean touches on both the upper and lower boundaries, which gives this channel formation strong credibility. The current price is sitting at 228.17 USDT, and we're seeing a -1.40% decline. What's particularly interesting is how we're interacting with what the chart labels as a "Strong Supply Zone From Daily Timeframe." This isn't just any supply zone - it's coming from a higher timeframe, which typically carries more weight in technical analysis. Looking at the moving averages, we've got both a blue MA (likely the 200-period) and a red MA creating a bearish cross. This adds another layer of confirmation to the current downward pressure. For the short term, we're at a crucial decision point. The price has just bounced off the supply zone (marked by that last circle), showing sellers are still active in this region. That green arrow suggesting potential movement? It's pointing to possible upcoming price action, but remember - these are projections, not guarantees. Medium-term outlook shows we're still firmly within that descending channel, and until we see a convincing break above it, the path of least resistance remains downward. Those multiple touches mentioned in the chart have validated this bearish structure. Long term? See that purple marker near the bottom? That could be our next major support level if the current structure continues to play out. However, smart traders should watch for any signs of channel breakout, as these patterns don't last forever. What makes this setup particularly tricky is the confluence of multiple technical factors - the descending channel, the daily supply zone, and the MA crossover. This is exactly the kind of situation where proper risk management becomes crucial. Remember folks - while the technical setup looks bearish, Solana is known for its volatility. Keep your stops tight and never risk more than you can afford to lose. Anyone else seeing other interesting patterns here? I'd love to hear your thoughts!
As shown in the snapshot, NASDAQ:NVDA is forming a triangle pattern and is currently finding support in the $135–$138 range. The upcoming earnings report from NASDAQ:AVGO could provide a significant catalyst to push NVDA's price above the critical $142 resistance level. If a Santa rally happens, there is a strong likelihood that the share price could climb to $150.
NASDAQ:NVDA , Long, Risk=1/5, TP>15% Fundamentally the stock is good. Choose an entry point and do not forget about a protective order if you are trading with leverage. Don't risk it if you're not sure. Good luck to everyone.
Ripple Labs finds itself under renewed legal scrutiny as plaintiffs in the class action lawsuit, In re Ripple Labs Inc. Litigation, filed appeals with the Ninth Circuit Court. The ongoing legal battles surrounding Ripple and its native token, XRP, continue to cast a shadow over the cryptocurrency’s prospects despite its significant market performance in recent months. The Legal Landscape Proposed Order to Deny Ripple’s Bill of Costs Plaintiff Bradley Sostack has filed an objection to Ripple’s bill of costs in a California district court, proposing an order to deny the company’s request to cover litigation expenses. This move underscores the persistent contention in the lawsuit, with plaintiffs challenging Ripple’s earlier favorable judgments, including those regarding summary judgment and claims under California law. Upcoming Deadlines Adding to the complexity, the principal brief in the high-profile Ripple vs. SEC case is due on January 15. This timeline aligns closely with speculation about SEC Chair Gary Gensler’s potential last-ditch efforts to impose additional regulatory challenges on Ripple before his anticipated departure on January 20. Ripple’s Strategic Developments While legal battles rage on, Ripple has continued to innovate. Recent developments include the launch of the RLUSD stablecoin, further cementing its ambition to dominate blockchain-based financial solutions. However, this progress has been somewhat overshadowed by the ongoing litigation. Technical Analysis From a technical standpoint, XRP’s price dynamics reflect the broader market sentiment influenced by the lawsuit: - Current Performance: At the time of writing, XRP is trading at $2.40, experiencing a 1.37% decline within the past 24 hours. - RSI Weakness: The Relative Strength Index (RSI) is hovering around 50, signaling a lack of clear momentum. This aligns with the market’s cautious approach amid uncertainty surrounding the legal outcomes. - Bearish Reversal Pattern: XRP appears to be forming a bearish reversal pattern, suggesting a potential decline if market sentiment doesn’t improve. Fundamental Perspective XRP has been a standout performer, with a 400% rally in recent months attributed to Ripple’s victories against the SEC and its strategic moves in the financial ecosystem. Despite this, the token remains vulnerable to the ongoing legal challenges and regulatory scrutiny. Key Considerations: - The outcome of the appeals and the SEC’s principal brief could significantly impact XRP’s market trajectory. - Ripple’s ability to continue its technological advancements, such as expanding its stablecoin ecosystem, will be crucial in maintaining investor confidence. Conclusion Ripple’s legal battles represent a pivotal moment for XRP and the broader cryptocurrency market. While the token has shown resilience with impressive gains and innovations like the RLUSD stablecoin, the uncertainty surrounding its legal status continues to weigh heavily. Investors should keep a close watch on the January 15 deadline and the broader implications of regulatory actions under the SEC’s leadership transition.
Adobe ( NASDAQ:ADBE ) still remains in a bullish market: https://www.tradingview.com/x/3KXrjP7w/ Click chart above to see the detailed analysis?? For more than four years, Adobe has actually been moving sideways, still digesting the crazy bullrun which we saw over the past decade. Looking at the symmetrical triangle pattern though, this is just a bullish consolidation, which will most likely end with another bullish breakout. Levels to watch: $440, $560 Keep your long term vision, Philip (BasicTrading)
Trend Indicator: - **PSAR**: Turned green, indicating a potential recovery attempt, but the rejection at the **200-day MA** dampens the bullish outlook. Key Observations: 1. **200-Day MA (~57.1%)**: Rejection here underscores strong resistance, halting the recent upward momentum. 2. **Fibonacci Levels**: - **0.382 Fib (~60%)** remains the primary upper resistance. - **0.236 Fib (~50.5%)** acts as the key lower support, aligning with a potential consolidation zone. Oscillators: - **OBV**: Declining, reflecting weaker buying pressure and increasing distribution. - **RSI**: At 38.8, moving downward toward oversold conditions, suggesting bearish momentum persists. - **MACD**: Bearish crossover confirmed, with the histogram in negative territory, indicating increased selling pressure. Volume: Selling volume has increased, reinforcing the rejection narrative at the **200-day MA**. Outlook: The rejection at the **200-day MA** signals potential continued downside, with the **0.236 Fib level (~50.5%)** emerging as a critical support. If this level holds, dominance could attempt another recovery. However, failure to maintain this support may lead to further downside momentum. Keep an eye on the oscillators for oversold signals as they may indicate a reversal opportunity. Optimistic Altseason Outlook The rejection at the **200-day MA** and declining BTC.D suggest a possible shift in market sentiment. Historically, such dominance pullbacks often signal the onset of **altseason**, where capital rotates into high-performing altcoins. With BTC dominance stalling below 57%, altcoins may find a chance to outperform. As dominance approaches the **0.236 Fib level (~50.5%)**, altcoins may experience renewed interest, particularly if BTC consolidates or retraces further. Combined with oversold oscillator signals and declining BTC-centric volume, this creates an environment ripe for altcoin rallies. Keep an eye on BTC.D's movement near key support levels and watch for strong volume shifts into altcoins. A breakout in key altcoin leaders could confirm the start of altseason. Stay diversified and ready to capitalize on the opportunities ahead! ?