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XTI/USDXTI/USD The Cartel will likely stick to the production plan that was announced at the previous meeting − a total increase in production by 648 thousand b/d. We are waiting for the results of Biden's visit to Saudi Arabia, which will resolve several geopolitical issues. So a calm OPEC+ meeting is expected, although unpleasant surprises, as at the last summit, are not ruled out. The technical levels are not changing yet, but the balance of volumes is gradually shifting towards purchases.
FXOPEN:XTIUSDLong
by Kuznetsov_Sergey
GBP/USDGBP/USD The Bank of England raised the rate for the fifth time in a row, but the pound failed to extract any profit from this fact. Macroeconomic reports were again weak. The price once again failed to break through the strong protection in the 1.20 zone. Positive statistics of the current week may support the growth to the zone of 1.25, but the trading interest of the bulls is clearly not enough to break through the level of 1.2750. The chances of a new uptrend are extremely small.
Long
by Kuznetsov_Sergey
BitcoinBitcoin Bitcoin has approached the psychological level of $20,000. The cost of Bitcoin has come close to the psychological support level of $20,000 per coin, which is the lowest since 2020 and can already be considered historical. The capitalization of the cryptocurrency market as a whole is declining due to extreme market conditions and current global economic realities. Hence, Celsius Network, one of the largest crypto lenders in the world, has suspended withdrawals for its clients. This caused panic and a massive withdrawal of funds, as a result of which Bitcoin fell by another 18% and reached its low in a long-term downward trend. Huge hope in the form of pent-up demand below the $20,000 support level opens up the potential for a deep correction to the $25,000 level, which is the point of intersection of the resistance level and the trend line of the long-term descending channel. A potential possible breakdown and consolidation above this level leaves room for further recovery and growth in the volume of medium-term purchases.
COINBASE:BTCUSDLong
by Kuznetsov_Sergey
NetflixNetflix Goldman Sachs lowered the capitalization of Netflix to the basket. Since the end of 2021, the company began to rapidly lose its capitalization and from the level of $700 per share, fell at the peak of the downward UP trend to the level of $200, which caused panic investment fear. The next trigger for the fall was the updated status of the rating from Goldman Sachs to the "sell" status, after which the quotes on the NASDAQ immediately collapsed by almost 5% and continue to fall. At the moment, Netflix shares have approached the historical support level of the $165 descending channel, and in case of its breakdown, the next technical target is $100 per share. The $100 support level could well become an option level, below which a large amount of pent-up demand is concentrated. This fact is able to generate short-term investment interest for the formation of medium-term upward dynamics. Additional factors may be the release of the already announced second season of "The Squid Game" from Netflix.
NASDAQ:NFLXLong
by Kuznetsov_Sergey
LitecoinLitecoin Will Litecoin work out the "FLAG" figure? Litecoin froze in a narrow volatility range, having formed the flagpole of the "FLAG" technical pattern. Since the coin is within the semi-annual downtrend, this figure is classified as an inverted flag and most often tends to continue the trend, which undoubtedly forms a new strong interest in selling within the current long-term sentiment. But the piquancy and interest in the coin is caused by the fact that the coin is currently trading at the intersection of two important levels, at the trend line of the long-term downward channel and the key resistance level of $75 per coin. Above the $75 level, a new major buying interest is forming with a technical target of 100-110. If the resistance of $75 holds and the coin breaks through the support of the side channel of the $60 flagpole, we may well work out the descending "FLAG" pattern down the channel with the target of 40-42 and below within 1-3 trading days.
BITFINEX:LTCUSDLong
by Kuznetsov_Sergey
TESLATESLA Elon Musk's premonition of a possible recession plunged Tesla's share price by 9%. Before the employees of the American company had time to move away from the recent letter about the ban on remote work, as the head of Tesla, Elon Musk, said that he had “very bad feelings”, so he plans to fire every tenth employee of the company in order to optimize business processes in the company, after which Tesla shares fell immediately by 9% in US trading on Friday. It is worth noting that the company's capitalization has been falling over the past two months and is under strong bearish pressure as part of a steady downward trend. The current support level of $700 per share is in the middle of the descending channel, the probability of a downtrend movement remains to the level of $550 per share. If the current level of $700 per share holds, then it is possible to break through the upper limit of the descending channel and fix above the level of $800, which will generate buying interest.
FTX:TSLAUSDLong
by Kuznetsov_Sergey
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AvalancheAvalanche has a chance to recover! The steady demand for the Avalanche coin allowed a short-term trend to form and come close to the resistance level of $30 per coin. $30 resistance is a key area for continued growth, where a lot of pent-up investor demand can be concentrated, which will increase momentum. Steady growing demand from the $30 support level is able to form a medium-term trend with the aim of testing the $40 levels and the subsequent $60 levels, which is the key level and the point of intersection of the trend line of the long-term descending channel within which the coin is located after updating its high level of $145 per coin.
FTX:AVAXUSDLong
by Kuznetsov_Sergey
Boeing Boeing shares soar after Starliner! The value of Boeing's shares after the successful launch of the Starliner spacecraft rushed up, testing the level of technical support of $118 per share on the New York Stock Exchange. This level is historical, which was recorded in 2020. One of the factors that investors are interested in buying Boeing shares and forming a medium-term trend of stable demand is the publication of optimistic macroeconomic statistics published by the US Department of Commerce, which gives grounds for the growth of the share price to $145 per share. In the event of a breakdown of the resistance level of $145 and successful consolidation above this value, the opportunity opens up to test the levels of $160 and $185 per share by the end of 2022 and continue the growth of the company's total income from 2020.
NYSE:BALong
by Kuznetsov_Sergey