NAS100 just broke a bearish trendline and recently formed a double bottom. These are signs of bearish weakness. We will wait for a break of the resistance around 19700, and a retest before going long.
Conclusion The NFT market is developing extremely fast, and the blockchain infrastructure has undergone significant changes over the past few years. However, today, there are still many questions about how the NFT market can function and in which areas non-fungible tokens can be used. For example, one potential application of NFT is the blockchain recording of unique documents. Due to the reliability of the blockchain, diplomas, certificates, and various documents can be issued in NFT format, potentially helping to eliminate the risk of forgery. NFTs are likely to have, and are already having, some impact on formats for creating and distributing content, and art objects. For now, however, it is primarily a trending investment tool for crypto enthusiasts around the world. The numerous possibilities of this technology will be revealed in the coming years.
FIGS' stock price has been in decline since 2021, falling from a peak of $50.40 in that year to a low of $4.30 in 2024. However, over the past year, the steep downward trend has eased, and the stock has stabilized. In the short term, FIGS has established support around $4.50, with technical patterns indicating a potential upside toward $5.05. While the risk of revisiting the $4.30 low has not been completely eliminated due to long-term downward pressure, the overall downtrend appears to be losing momentum. If this exhaustion continues, the stock could reach a key resistance level of $10 in the coming months. As long as FIGS maintains support at $4.50, the bullish scenario remains likely. FIGS, Inc. has several strengths, including its stylish and high-quality medical scrubs, which have built strong brand loyalty among healthcare professionals. Its direct-to-consumer model allows for better control over pricing, inventory, and customer engagement. The company also benefits from a high repeat purchase rate, showing strong customer satisfaction. However, FIGS has some drawbacks, such as its higher price point, which may limit affordability for some buyers. Its growth is also constrained by a narrow product focus and limited international presence. Additionally, since it mainly serves healthcare workers, any changes in the industry could impact its sales.
Seeing a more clear Wyckoff accumulation schematic. nice spring test volume. relief rally incoming.
OB FVG XAUUSD 4H OB is formed on the red candle, FVG occured after the impulsive move of green candle, it is anticipated that price action will return to OB and then again will move towards the FVG Upwards.
Looks like a confirmed double-top, might turn into a Head/Shoulders even. Head Shoulders: A common scenario with these is, it looks like a double top, then has a strong reclaim of the neckline, which is around 41.9k, and then a 2nd loss of it shortly after w/ yet another re-test with failure to reclaim. Double Top: Another common scenario is just a re-test and failure to reclaim, and this is a textbook double-top. 50/200 3-daily EMAs and MAs: After losing the 50 EMA and MA, we keep dropping below the 200 EMA and MA on the 3 daily chart during stronger dips, and then finally recovering back above both. Recovery or Recession? Recovery: If we want to see a recovery, we need to do that again. So, a strong move back above the 200 and 50 EMAs/MAs after losing both, down to around 38.5k and then 37.5k, possibly as low as 36.3ish. Or, for a more immediate flip to bullish, we need to reclaim ~41.9k during any re-tests, and then head to a new ATH above 45k. Recession: If we don't bounce from just below the 200 EMA and MA, we might see an extended move down or even a recession.
$2000 is now a critical zone for Ethereum. The market has been bearish and still bearish. These are the areas. $1600 and ascending trendline are the resistance zone I am looking $1600, $1400 and $886 are some key support zone to watch out for is this bleeding continues NOTE: The market has presented a great opportunity for investors who have the capacity to hold for long. If you are one, keep accummulating.
Here are some potential targets for SOLUSDT if we are going up grom this point .... BULLLLIISSHH
Come on, potential for bearish divergence on weekly with end of may ish target GLA Not financial advice
Amazon is now in consolidation mode right below the 200MA which also happens to line up with a previous area of resistance. As long as it continues to consolidate below the 200MA, look for another leg down. If it breaks above the 200MA and closes an entire candle above then that would cancel the bearish set up. Nothing good ever happens below the 200