It looks like, after half a year of retracement, Adobe Inc. stock (Ticker NASDAQ: ADBE) is now setting up for longs again. On the gap-down daily bar following the December 11th 2024 earnings report, professionals bought. Then, over December and January 2025, more buying can be seen. It has to be noted that recent professional activity took place around the previous level of support ($433.97) which adds to the strength. By January 10th supply has been absorbed, in February the price pushed above the support level and has been tested with relatively low volume creating conditions for the move up. Today's bar is a positive reaction to the recent testing and might be the beginning of the rally towards $566.79 - $576.30 with minor resistances around $482.66 - $489.52 and $541.74 on the way. At the same time, as we've seen a high volume around the support level (January 27th, 28th and 31st bars), there is still the possibility of its re-testing and the beginning of the rally from there.
The EUR/USD pair remains in a long-term downtrend, as indicated by the descending trendlines and the formation of lower highs and lower lows. Recent price action shows a rejection from the 1.0400 - 1.0514 supply zone, suggesting strong bearish momentum. Price is likely to target the next demand zone around 1.0000 - 0.9935, as order flow and smart money concepts (SMC) indicate further downside. A break of structure (BOS) confirms continued bearish intent, while liquidity grabs and fair value gaps (FVGs) suggest price may seek equilibrium near 0.9800 - 0.9400 in the longer term. Fundamentally, the U.S. dollar remains strong due to the Federal Reserve’s hawkish stance, resilient labor market data, and persistent inflation, while the Eurozone faces economic struggles, with the ECB being less aggressive on rate hikes due to slowing growth. Geopolitical tensions, such as the Russia-Ukraine war and Middle East conflicts, add to global risk-off sentiment, further strengthening USD as a safe-haven asset. If price breaks below 1.0000, further declines toward 0.9935 - 0.9800 are expected, while a sustained break above 1.0514 would challenge the bearish outlook.
Still holding post DeepSeek FUD. See my earlier note Tgt remains the trendline top for first selling pressure - an obvious one. If holders held enough the pullback towards 45 will be a rebuying opportunity for this year.
? #POPCAT/USDT Update ? $POPCAT grabbed **PDH & PML liquidity** on the 1H TF! ? ? Change in State of Delivery (CISD) confirmed—setting up for potential shorts. ? Key Levels: ? Resistance: PML $0.3115 ? Support: PWL $0.1599 Looking for rejection at resistance to enter a short. ?
US authorities proposed a plea agreement for Eric Council Jr., the individual accused of compromising the Securities and Exchange Commission’s (SEC) X account in January 2024.
Trade tensions, central bank policies, and commodity price fluctuations drive market volatility, impacting currencies, inflation, investments, and economic growth globally.
Filecoin cryptocurrency can be expected to rise to the next resistance level of 3.740 (former support from November and the target price for the completion of the active wave iv).
Carta, which previously faced scrutiny over its workplace environment, has settled two lawsuits filed by women who used to work there. © 2024 TechCrunch. All rights reserved. For personal use only.
If you want to relive Kendrick Lamar’s headline-making Super Bowl halftime show, Apple Music just dropped a replay of the performance in its surround sound-like Spatial Audio. Since Apple currently sponsors the Super Bowl halftime show, the company has permission to republish these musical spectacles — but this is better than just a YouTube video […] © 2024 TechCrunch. All rights reserved. For personal use only.
A team of investors led by Elon Musk submitted a $97.6 billion bid to purchase OpenAI on Monday. The news comes by way of Musk’s lawyer, Marc Toberoff, who confirmed the reporting with The Wall Street Journal. The unsolicited bid is the latest escalation by Musk in his war with co-founder Sam Altman, with whom […] © 2024 TechCrunch. All rights reserved. For personal use only.