The one month indicates that Mara will enter a long drawn out consolidation once the bottom is found. There are imbalance around the $3.50 level that will most likely be visited. Mara failed to breakout during the crypto bull run and has lost long term support levels. The bottom indicator is Accumulation and Distribution , which shows there has been distribution and no accumulation. The ADX shows that the downward pressure is actually building and the top indicator shows that MARA is repeat past decline pattern. A buy would be when indicators turn up and price crossing the 5 SMA/EMA on the monthly. It seems that it will take many months to a year before the decline stops, which is what happened in the past. Mara would not be an investment until price breaks and holds the 55 SMA/EMA on the daily time frame. Note, the one month time frame takes a while to play out and things could change but at this moment MARA is not a place to park money.
### **Analysis & Description:** This is a **1-hour chart of XAU/USD (Gold vs. U.S. Dollar)** from TradingView, highlighting a **bearish trend reversal pattern**. The price action forms a series of **lower highs and lower lows**, indicating a clear **downtrend formation**. #### **Key Observations:** 1. **Lower Highs & Lower Lows:** - The chart outlines a classic **bearish market structure** with multiple rejection points. - Each bullish rally is met with strong selling pressure, leading to a downward continuation. 2. **Momentum Weakness (MACD Indicator):** - The MACD at the bottom indicates **bearish momentum**, with both the MACD line and Signal line in negative territory. - This suggests that selling pressure dominates and further downside movement is likely. 3. **Price Projection:** - The final arrow suggests **further downside movement**, possibly breaking below key support zones. - If price breaks below the **$2,807 support**, it could accelerate selling toward **$2,780 – $2,750 zones**. 4. **Possible Trading Strategy:** - **Bearish Confirmation:** Traders should watch for a breakdown below **$2,807** for a short-selling opportunity. - **Bullish Reversal?:** If price forms a strong support at **$2,807**, we may see a bounce before further downside. ### **Conclusion:** Gold is currently in a **short-term downtrend**, and traders should be cautious of potential bearish continuation. However, **fundamental news events** could also impact price action, so it's essential to monitor economic data and market sentiment. #### **Key Levels to Watch:** - **Support:** $2,807 – $2,780 - **Resistance:** $2,846 – $2,880 ? **What do you think? Will gold continue to drop, or will we see a reversal soon? Drop your thoughts below!** ?
#BTCUSD We see short term rally to 89000+ levels.!!
Amnesty International said that Google fixed previously unknown flaws in Android that allowed authorities to unlock phones using forensic tools. On Friday, Amnesty International published a report detailing a chain of three zero-day vulnerabilities developed by phone-unlocking company Cellebrite, which its researchers found after investigating the hack of a student protester’s phone in Serbia. The […] © 2024 TechCrunch. All rights reserved. For personal use only.
Google is giving Sheets a Gemini-powered upgrade that is designed to help users analyze data faster and turn spreadsheets into charts using AI. With this update, users can access Gemini’s capabilities to generate insights from their data, such as correlations, trends, outliers, and more. Users now can also generate advanced visualizations, like heatmaps, that they […] © 2024 TechCrunch. All rights reserved. For personal use only.
Instagram alternative Flashes publicly launched its Bluesky-based photo-sharing app on the App Store this week, gaining nearly 30,000 downloads in its first 24 hours. The app offers a classic Instagram-like experience, allowing users to upload up to four photos and videos of up to a minute in length. Built by Berlin-based developer Sebastian Vogelsang, Flashes […] © 2024 TechCrunch. All rights reserved. For personal use only.
In a game like Civilization VII, the leader you choose makes as much of a difference as how you play and the type of win condition you seek. If you want to rule the world, a military leader will provide the manpower and firepower. But an economic-focused leader makes the most sense if you’d rather toss gold around…Read more...
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