The EURCAD pair has resumed its short-term decline after reaching a 3-month high at 1.5173. Economic tensions between Donald Trump's United States and Canada play a significant role in strengthening the Canadian currency, which had been depreciating against major currencies for several months. The postponement of the U.S. threats to increase tariffs by 25% has been a great help, but for how long? From a technical perspective, the pair has just broken below a trendline on daily timeframes, reinforcing the bearish momentum. As long as 1.4684 has not been reached, selling on bullish corrections should be prioritized. Buying should only be considered if prices bounce off the support level.
Same chart as previous post, the wick from last week may have put in the bottom of this leg, BUT, in this volatile market we could easily see one or two more flash liquidations down to the $12-$14 area, I may put a few limit orders in this range for a YOLO. I kind of like this crypto due to utility, the way it moves, kinda lags the alts, smaller, smother, healthier looking chart. Many chase the 10x, and lose 80-98% I'm happy with a 1.5-2x, and I will adjust my risk level to accommodate the outcome expected. I don't use a stop loss in crypto, I DCA small daily, limit orders and dip buys. I will take off 30%-50% when back in profit and let the rest run and will add a stop loss ass it moves up through any resistance to support situations.. GTLA Share your opinions and ideas with us here.
Channel breakout and surpassing the price of 0.33397, followed by a corrective move in Dogecoin based on the analysis on January 27 and a correction down to 0.20145. After a corrective move and the formation of a Pin Bar candle, if a bullish move forms at 50% of the Pin Bar’s shadow, we can expect a rise up to 0.30695. Otherwise, the current movement will continue.
Euro weakness is showing up in most pairs, and EURCHF is no exception. Broken support on green trendline should lead us to a test of 0.934 gray support zone.
Following what I believe is going to be the Great Melt Up/Inflation during the Presidency of Trump, The value of the DXY and the 10 year yield will come down while assets, inflation, commodities, metals will rise. Good luck to y'all traders. Everyone seems to be running from bonds too. All in due time. DXY has one more pump inside it, which in correlation should dump BTC to the 89-91k during it's Reaccumulating Phase
Doing my weekend research i stumbled on the macd crossing green on the vxx with this descending triangle on the daily. If this breaks the volatility can come back into the market like last week and we can see some huge swings in stock price. The week of 2/10/2025 will be very interesting.
It seems that BTC is about to make a decision: Either go down towards 93K, or break downtrend.
CleanSpark, Inc. (CLSK) is a company operating in the software industry, focusing on energy solutions and Bitcoin mining. Below is a technical and fundamental analysis of its stock, along with an assessment of its growth potential. Technical Analysis The stock has experienced a 3.51% increase over the past week but has seen a 6.78% decline over the past month. Technical indicators present mixed signals. The Relative Strength Index (RSI) is at 45.84, indicating a neutral position. The Moving Average Convergence Divergence (MACD) shows a value of -0.22, suggesting a potential bearish trend. However, the Average Directional Index (ADX) is at 11.87, which is relatively low and may indicate a weak trend. Resistance levels are identified at $12.48 in the short term and $17.63 in the mid-term, while support levels are at $9.21 and $8.09, respectively. Fundamental Analysis CLSK has a market capitalization of approximately $2.93 billion, with trailing twelve-month (TTM) revenue of $378.97 million. The company reported a net loss of $149.20 million, resulting in a TTM earnings per share (EPS) of -$0.69. The forward price-to-earnings (P/E) ratio is 5.33. STOCKANALYSIS.COM Analysts have given CLSK a "Strong Buy" rating, with a 12-month average price target of $22.71, representing a potential upside of approximately 100% from the current price. STOCKANALYSIS.COM The company's financial health is considered average, with concerns regarding profitability. However, CLSK is experiencing strong growth and is valued neutrally, which is viewed as a positive combination. CHARTMILL.COM Growth Potential Given the analyst price target of $22.71, CLSK has the potential for more than 17% growth from its current price. The company's involvement in Bitcoin mining positions it to benefit from favorable cryptocurrency market conditions. However, investors should be mindful of the inherent volatility in both the cryptocurrency market and CLSK's stock. Conclusion CLSK presents a mixed technical outlook with promising fundamental growth prospects. The potential for significant appreciation exists, but investors should carefully consider the associated risks and market volatility.
Bullish trend on the weekly. Coming into a support area.
Suzlon is near to support 1 can make a good entry either up side or down side. After budget the share is corrected nearly 42% from its high. This is just an idea for educational purposes and is not a recommendation as I'm not a SEBI registered personal... Please do suggest your views on my study...