- Bank of America reversed from resistance level 47.80 - Likely to fall to support level 46.00 Bank of America recently reversed down from the resistance zone located between the major resistance level 47.80 (which also stopped the earlier minor impulse wave 1 at the end of last year) and the upper weekly Bollinger Band. The previous downward reversal from the resistance level 47.80 created the daily Japanese candlesticks reversal pattern Evening Star. Given the strength of the resistance level 47.80 and the bearish divergence on the daily RSI, Bank of America can be expected to fall to the next support level 46.00.
Centrus Energy Corp. (LEU) is a nuclear fuel supplier focused on providing enriched uranium to power plants worldwide. The company plays a key role in supporting clean energy by ensuring a steady supply of nuclear fuel for electricity generation. With global interest in nuclear energy rising, Centrus is positioned to benefit from increasing demand for low-carbon power solutions. The stock chart recently showed a confirmation bar with increasing volume, pushing the price into the momentum zone, which occurs when price moves above the 0.236 Fibonacci level. This signals strong investor interest and potential for further gains. A trailing stop can be set using Fibonacci levels with the Fibonacci snap tool, helping traders manage risk while staying in the trend.
- Amazon reversed from the resistance area - Likely to fall to support level 226.60 Amazon recently reversed down with the downward gap from the resistance area between the pivotal resistance level 240.00 (which has stopped the previous waves iii and i), the resistance trendline of the daily up channel from August and the upper daily Bollinger Band. The downward reversal from the resistance area started the active short-term correction ii. Given the strength of the resistance area near the resistance level 240.00 and the overbought daily Stochastic, Amazon can be expected to fall to the next support level 226.60.
The cryptocurrency market is no stranger to volatility, but Flare Network’s native token, NYSE:FLR , is making waves with a remarkable 16.71% surge today. Despite the broader crypto landscape remaining bearish, NYSE:FLR is defying the odds, showcasing strong technical and fundamental indicators that suggest further upside potential. Let’s dive into the details of what’s driving this surge and why NYSE:FLR could be poised for a breakout. Technical Analysis NYSE:FLR is currently forming a bullish flag pattern, a continuation signal that often precedes a significant upward move. The pattern is characterized by a sharp rise (the flagpole) followed by a period of consolidation (the flag). For NYSE:FLR , the flagpole was the recent surge, and the consolidation phase is now underway. A breakout above the flag’s ceiling could trigger a 70% surge, targeting the psychological resistance level of $0.038. This would mark a decisive move for NYSE:FLR , potentially attracting more buyers and fueling further gains. The Relative Strength Index (RSI) for NYSE:FLR is currently at 44.98, which is neither overbought nor oversold. This suggests that there is ample room for upward momentum before the token enters overbought territory. A rising RSI could accompany the breakout, confirming the strength of the move. The 24-hour trading volume of $35.9 million and a market cap of $1.33 billion indicate strong liquidity and investor interest. The recent price surge has likely caught the attention of traders, further boosting momentum. Flare Network’s Unique Value Proposition Flare is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain designed to enhance blockchain utility. Its unique architecture allows developers to access high-integrity data from other chains and the internet, enabling new use cases and monetization models. One of Flare’s standout features is its ability to provide decentralized access to data from external sources. Flare allows dApps to serve multiple blockchains through a single deployment, reducing fragmentation and increasing efficiency. With a market cap exceeding $1 billion, Flare has firmly established itself as a significant player in the crypto market. Conclusion: A Breakout in the Making? NYSE:FLR ’s recent surge and technical setup indicate that the token could be on the verge of a major breakout. The bullish flag pattern, combined with strong fundamentals, makes NYSE:FLR a compelling asset in the current market environment. As always, it’s essential to conduct your own research and consider your risk tolerance before investing. But one thing is clear: NYSE:FLR is a token to watch as it continues to defy market trends and carve out its niche in the crypto ecosystem.
I checked the pivot point app after the dashboard app said sell but I think it’s going up? 155.898 support and pivot point at 157.724 One support broke with 3 resistance lev we last up.
? Bullish Breakthrough for Bitcoin on Weekly Time Frame! ? Just in from @RSI_Trading_Concepts on @TradingView - the Bitcoin weekly chart is a beacon of bullish sentiment! ? The analysis highlights how the #BTC bulls are not just defending but thriving at the Overbought (OB) zone low on the weekly time frame, showcasing their strength and determination. ? ? Key Insights: Following a significant breakout in late 2023, Bitcoin has been on a steady upward trajectory. The bulls have impressively defended the OB Low at $53,841 on the weekly chart, indicating strong support within this zone. This defense of the OB Low, especially in an overbought RSI context, suggests that the market sentiment remains overwhelmingly positive, with momentum favoring further gains. ? What This Tells Us: This isn't just a defense; it's a statement from the Bulls. Holding strong at this critical level, particularly after RSI has indicated overbought conditions, is a powerful sign that the current trend might continue. The market is showing us that despite being in overbought territory, the appetite for Bitcoin is still voracious. Don't overlook this signal! The resilience at this key level on the weekly chart could propel Bitcoin to new heights. Keep your eyes on this zone and prepare for what might be an exhilarating journey upwards. ?? #Bitcoin #Bullish #Crypto #RSI #TradingView
As long as the tariff process continues, we can witness the continued growth of gold, as you can see in the chart, the target of this movement for this year can be in the range of $3100, the changes in the US government's policies can create a temporary correction before this target is reached.
Yello, Paradisers! Is #NEAR about to drop even lower, or is a major reversal brewing? Let’s break it down! ?#NEARUSDT recently suffered a descending triangle breakdown, sending prices tumbling lower. Adding to the bearish pressure, we’ve also got a death cross formation, reinforcing the weakness in price action. Right now, before NEAR can find any long-term bottom, the probability of further downside remains high. ?The bulls are currently struggling. Multiple resistance levels are blocking any attempts to gain momentum, with all EMAs currently sloping downward—not a good sign for any immediate recovery. ?NEAR is expected to slowly bleed into the long lower wick of February 3rd. Strong support exists between $2.65 and $2.40, a key demand zone that could trigger a bullish reversal. But if sellers continue to dominate, they could overpower this level and drive prices down further toward $2.05 - $1.95. This is a major higher time frame support zone, where a long-term reversal could finally take shape. ?For the bulls to negate this growing pressure, they must break above $4.50—a critical level reinforced by both horizontal and descending resistance. If the price secures a bullish breakout above this, NEAR could be in a prime position to rally over the next few months. Paradisers, as always, patience and precision are key in this market. This isn’t a time for reckless trades—let the levels guide you, trade strategically, and stay disciplined. MyCryptoParadise iFeel the success?
EUR/USD has been maintaining a bearish trend on both the weekly and daily timeframes. Recently, after breaking the blue zone, price dumped sharply, hitting my first take profit (TP). However, it then retraced, stopping me out at breakeven (BE). I have now re-entered around 1.03609, anticipating further downside movement. For those looking to enter, I recommend waiting for a retracement to at least the first yellow zone before taking a short position. The primary profit target remains at 1.00755. This setup aligns with the overall bearish momentum, so patience and proper risk management are essential. Monitor price action carefully as we approach key levels. Bearish bias remains strong—let's see how the market plays out!
From a technical perspective, the chart shows a break of daily support at 126.86 and 129.51. This could lead to a long squeeze and increased selling pressure, targeting levels of 109.9, 100.44, and 90.56. A sell position between 135.05 and 129.51 might be considered, but a stop loss at 148.95 is crucial.