USOIL BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
USOIL downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 71.19 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the USOIL pair.
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Bullish Patterns
BTC: ATH Imminent? U.S. Election Could Be the Catalyst!Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
Welcome to this BTC Update!
BTC has broken out of the parallel channel on the daily time frame and is currently hovering near the retest area. The market has been unusually quiet lately—this feels like the calm before the storm, and I’m anticipating a major pump from here.
It seems the whole market is waiting on the outcome of the U.S. elections. After the election, I expect BTC to break its ATH, aiming for $90k-$100k by year-end.
Invalidation: Daily close below the $64.8k level.
What’s your take on BTC’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
Nu Holdings (NU) AnalysisCompany Overview: Nu Holdings NYSE:NU , a leading digital bank in Latin America, is rapidly expanding its footprint across the region, leveraging innovative fintech solutions to drive growth in underbanked markets. With a mission to offer simple and accessible financial services, Nu Holdings continues to strengthen its presence, especially in key markets like Mexico and Colombia.
Key Developments:
Expansion in Latin America: Nu has successfully launched checking accounts in Mexico and Colombia, showcasing strong customer demand. The company has attracted $3.3 billion in deposits in Mexico and $220 million in Colombia, underscoring its ability to effectively penetrate new markets. This expansion opens up significant growth potential for Nu, as the digital banking revolution in Latin America continues to gather momentum.
Strong Customer Engagement: Nu's active user base continues to grow, with an impressive record-high activity rate of 83%, marking the 11th consecutive increase in user engagement. This high level of customer activity demonstrates Nu's ability to retain and engage its users, a crucial factor for long-term profitability in the fintech sector.
Accelerating Revenue & Profitability: In addition to customer growth, Nu has shown consistent acceleration in revenue and profitability, solidifying its position as a top contender in the fintech space. The company's unique combination of digital banking services, credit offerings, and low-cost structure sets it apart from traditional banks and other fintech competitors.
Investment Outlook: Bullish Outlook: We are bullish on NU above the $13.50-$14.00 range, driven by its successful market expansion, strong customer engagement, and accelerating financial performance. Upside Potential: Our price target for Nu Holdings is set at $23.00-$24.00, reflecting its potential for continued regional growth and increasing profitability as it scales operations across Latin America.
🚀 NU—Transforming Banking Across Latin America! #FintechGrowth #LatAmBanking #DigitalRevolution
Coinbase (COIN) AnalysisCompany Overview: Coinbase NASDAQ:COIN is one of the largest and most recognized cryptocurrency exchanges globally, offering a wide range of services, from retail trading to institutional crypto solutions. The company has focused on strengthening its position in the crypto ecosystem by targeting both retail and institutional investors.
Key Developments:
Institutional Adoption & BlackRock Partnership: Coinbase’s strategic partnership with BlackRock allows Aladdin clients to access cryptocurrency trading and custody services via Coinbase Prime, which caters to institutional investors. This partnership has the potential to drive significant institutional capital into the platform, thereby increasing transaction volumes and boosting revenue.
Diversification Efforts: Coinbase has successfully reduced its dependence on trading fees by growing its subscription and services revenue, which saw a 34% year-over-year increase in Q2 2023. This revenue diversification helps mitigate the impact of the volatile trading environment often seen in the cryptocurrency space.
Regulatory Compliance: With regulatory scrutiny tightening across the crypto industry, Coinbase’s strong focus on compliance gives it a competitive advantage. As regulatory hurdles increase, the company is likely to capture market share from less compliant competitors, positioning itself as a trusted platform in an evolving regulatory landscape.
Product Innovation: Coinbase continues to innovate with new offerings like the Ethereum layer-2 network and enhanced staking services. These product launches not only enhance Coinbase’s competitive edge but also position the company well for future growth in decentralized finance (DeFi) and staking markets.
Investment Outlook: Bullish Outlook: We are bullish on COIN above the $180.00-$185.00 range, driven by institutional adoption, diversification of revenue streams, and strong regulatory positioning. Upside Potential: Our price target for Coinbase is set at $370.00-$375.00, reflecting its potential to capture more institutional market share and sustain growth through innovative product offerings.
🚀 COIN—Leading the Way in Institutional Crypto Adoption! #CryptoInnovation #InstitutionalAdoption #CryptoCompliance
Solana (SOL) Bullish Setup Gaining MomentumTechnical Overview:
Ascending support trendline: Solana (SOL) has maintained a consistent upward trajectory since September, forming higher lows that reinforce the bullish trend.
Resistance Zone: SOL is now testing the critical $180-$190 resistance area, which forms part of a saucer formation, a pattern that often precedes strong upward moves.
Key Levels to Watch:
Resistance: $190 (critical breakout point)
Targets: $220 (previous high), $275-$280 (extended bullish target)
Support: Ascending trendline, below $180.
Outlook:
A break and close above the $190 level could ignite a major rally, with the next significant targets around $220 and potentially $275-$280 if momentum continues.
With the current technical setup favoring bulls, the risk-reward is attractive for those looking to ride the next leg up.
#Solana #SOL #PriceAction #Bullish #CryptoMarket
Gold Is Approaching Higher Timeframes TrendHey Traders, in tomorrow's trading session we are monitoring XAUUSD for a buying opportunity around 2700 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2700 support and resistance area.
Trade safe, Joe.
SILVER SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on SILVER right now from the support line below with the target of 34.523 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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Dogecoin Primed For Liftoff?! Here I have COINBASE:DOGEUSD on Daily & 1Hr Chart!
A lot of Bullish signs are popping up on all Time-Frames for $DOGEUSD! Let's lay it out:
Daily Chart-
*Price made its Lowest Low @ .0805
*Price has created a Bullish Divergence on the RSI when price was able to make a Higher High @ .1321, disrupting the Downtrend Pattern.
*Fib Retracement Tool from the Lowest Low to Higher High places the Golden Ratio Zone @ ( .1033 - .1002 ) where Price has already Retraced to and is showing Exhaustion from the Bears!
1Hr Chart-
*Zooming into the Golden Ratio Zone, we see Price is exhibiting signs of a Bullish Wedge, potentially in the Reversal Variation!
*Lower Lows on Price creating Bullish Divergence with Higher Lows on RSI
I suspect we will see Price give us a Bullish Break to this Wedge and continue creating Higher Highs/Higher Lows continuing the Uptrend which will then contend with the Resistance Levels:
( .1355 - .1440 )
( .1700 - .1800 )
( .1990 - .2200 )
**If Price gives us a Bearish Break to the Wedge, Be Vigilant to False Breaks testing the .09 cent Support Level & Rising Support
USDCAD Is Approaching The Main TrendHey Traders, in tomorrow's session we are monitoring USDCAD for a buying opportunity around 1.38900 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend t 1.38900 support and resistance area.
Trade safe, Joe.
UPTOBER ENDS Bitcoins monthly close is behind us and it's an interesting one...
For most of the last day of the month BTC was above the previous monthly close high of $71,413.40. However, Bitcoin failed to close above that level coming up 1.67% short.
Despite this the monthly candle is very strong, historically October is a good performer hence the "UPTOBER" nickname and this time around was no exception with an +11% move. I said in a previous post that a retest of the '21 ATH @ $69,000 is possible and likely, in the last 8 months BTC has routinely rejected off this level with no acceptance above, just SFPs galore. This is the chance to retest and accept as new support. that would set up a move for ATH and above.
Q4 so far has been positive, we know that this month will be a strange one as the US election is in a few days and can sway markets so volatility can be expected. In the end I think the trajectory is new highs by the end of the year.
CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
CAD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 109.909 area.
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BTC 4 Seasons CycleWhat I came up with is that in the bullphase Bitcoin tops out in Winter/Spring 🟦/🟩
Last cycle we had a double top but you would only miss out on 4-8% while saving yourself the headache of a 50% drop in summer 🟥
In the bearphase we bottom usually in Fall/Winter 🟧/🟦
I dont know how people can call for 48-55k or something else it would take us another year then until Winter to get back up and top out and to drop in 4-6 Months in Summer to the bottom its not usual for Bitcoin to do that.
It takes Bitcoin around 350 to 400 Days to hit the bottom you can see it in the picture below
Sensex Support and Resistance Levels for Better Trading DecisiI’ve created a chart highlighting the key support and resistance levels for Sensex, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
GOLD AIMS HIGHERAfter a significant sell-off, we managed to find support at the 50% channel retracement, within the ascending channel, at the trendline, and in the golden pocket. I’m expecting a nice move up from here if this level holds
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USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around USDCAD for a buying opportunity around 1.39200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.39200 support and resistance area.
Trade safe, Joe.
NASDAQ is Approaching An Important SupportHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 19600 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19600 support and resistance area.
Trade safe, Joe.
Marathon Digital Holdings (MARA) AnalysisCompany Overview: Marathon Digital Holdings NASDAQ:MARA is a key player in the cryptocurrency mining sector, particularly focused on Bitcoin production. The company has shown resilience and operational strength in its mining activities, making it well-positioned for future growth.
Key Developments:
Positive Analyst Ratings: Analysts from Macquarie and Cantor Fitzgerald have set price targets above $20, indicating strong growth potential for Marathon Digital. This reflects growing confidence in the company's operational and market strategies.
Increased Bitcoin Production: In September 2024, Marathon reported a 5% increase in Bitcoin production, reinforcing its operational strength. Additionally, the company achieved a 28% increase in Q1 2024 production, yielding 2,811 BTC compared to the same quarter in 2023. This efficiency in production underlines Marathon’s capacity to scale effectively in a competitive market.
Favorable Cryptocurrency Market: With Bitcoin recently surpassing $67,000, the broader cryptocurrency market is showing favorable conditions. This surge allows MARA to capitalize on increased investor interest in crypto stocks, positioning the company for substantial market gains.
Investment Outlook: Bullish Outlook: We are bullish on MARA above the $16.00-$17.00 range, driven by the company’s production efficiency and favorable market conditions. Upside Potential: Our target for Marathon Digital is set at $32.00-$33.00, supported by positive analyst sentiment and operational achievements.
🚀 MARA—Mining for Tomorrow's Success! #Cryptocurrency #BitcoinMining #GrowthPotential
Argenx (ARGX) AnalysisCompany Overview: Argenx NASDAQ:ARGX is making significant strides in the field of autoimmune treatments, especially following the FDA approval of VYVGART Hytrulo for chronic inflammatory demyelinating polyneuropathy (CIDP) on June 21st. This approval not only enhances Argenx's product portfolio but also opens up new revenue channels for the company.
Key Developments:
Strong Revenue Generation: Argenx demonstrates a robust global presence with revenue streams across various regions:
U.S.: $407 million
Japan: $20 million
EMEA: $35 million
China: $14 million
This diversified revenue generation helps mitigate regional risks and showcases the company’s ability to penetrate multiple markets effectively.
Upcoming Trials: The company plans to launch four new registration trials by the end of 2024, further expanding its therapeutic offerings. This proactive approach to research and development positions Argenx for future growth and diversification in its product line.
Strategic Collaboration: Argenx's collaboration with Monarch is aimed at enhancing operational efficiency and customer service. This partnership is expected to boost market penetration and strengthen the company's competitive edge.
Investment Outlook: Bullish Outlook: We are bullish on ARGX above the $484.00-$489.00 range, driven by its recent FDA approval, diverse revenue streams, and plans for further clinical expansion. Upside Potential: Our target for Argenx is set at $740.00-$750.00, supported by the company’s strong market presence and growth initiatives.
🚀 ARGX—Pioneering the Future of Autoimmune Treatments. #Biotech #AutoimmuneTherapy #MarketGrowth
SUPER Long Spot Trade (Major Support Retest)Market Context: SUPER has retraced to a significant support level, presenting a favorable entry for a potential rebound. With the price holding above support, the risk-to-reward ratio looks promising if this level sustains.
Trade Setup:
Entry: Around $1.15
Take Profit:
First target: $14.00 – $15.00
Second target: $18.00 – $20.00
Stop Loss: Below $1.095 (daily close)
This setup is designed for a strong risk-to-reward, aiming for key profit zones if price rebounds. #SUPER #Crypto #Support