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EUR/USD Daily Chart Analysis For Week of Jan 31, 2025Technical Analysis and Outlook: Following a successful retest of our Mean Resistance at 1.051, the Eurodollar has undergone a significant retracement to our Mean Support at 1.041. It is now positioned to approach the newly established Mean Support at 1.024. We anticipate that this downtrend will persist as it seeks to retest the Interim Inner Currency Dip, set at 1.020, in conjunction with Key Support at 1.024. However, this downward movement may also result in a temporary "dead-cat bounce," allowing the price action to prepare for the subsequent decline.
by TradeSelecter
Don't miss the Next AI Gold Rush! WATCH NOW!In this video, we delve into the next phase of artificial intelligence and explore the companies set to benefit the most. From giants like Microsoft and Salesforce to rising stars like Snowflake and CrowdStrike, we break down how each company is harnessing AI to revolutionize their industries. Don't miss out on this deep dive into the tech titans leading the AI charge and shaping the future. Subscribe and hit the bell icon to stay updated on the latest in AI advancements! NASDAQ:CRWD NYSE:CRM NYSE:SNOW NASDAQ:MSFT NASDAQ:TEAM NYSE:PATH NYSE:SHOP NASDAQ:DDOG NYSE:NET NASDAQ:MDB What companies are you positioned in or ready to start a position in? Let me know in the comments below!
NYSE:PATHLong
by RonnieV29
30
Bitcoin's Bullish Breakout: Targeting $126,500! Introduction: Bitcoin (BTC) has recently experienced a significant price surge, reaching new heights. For those new to cryptocurrency trading, understanding this movement is crucial. In this post, we'll break down the current BTC price action and discuss potential trading strategies. Current BTC Price: As of now, Bitcoin is trading at $101,254.00 USD. Key Levels to Watch: Support Level: $94,500 USD Resistance Level: $105,000 USD Market Sentiment: The market is currently bullish, with increased trading volume and positive news surrounding Bitcoin's adoption. Potential Price Target: Based on the "Cup and Handle" pattern, a technical analysis chart pattern, the projected price target for Bitcoin is $126,500 USD. Trading Strategy for Beginners: 1. Entry Point: Consider entering a long position if the price retraces to the $94,500 support level. 2. Stop-Loss: Set a stop-loss just below the $92,000 level to manage risk. 3. Take-Profit: Aim for a take-profit at the $126,500 target. Important Note: Cryptocurrency markets are highly volatile. It's essential to conduct thorough research and only invest funds you can afford to lose. Conclusion: Bitcoin's recent price action presents potential trading opportunities. By understanding key levels and technical indicators, beginners can navigate the market more effectively. Always remember to trade responsibly and stay informed. Let's Discuss! What are your thoughts on Bitcoin's current price action? Do you agree with the projected target of $126,500? Share your insights and let's engage in a constructive discussion! Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. By inviting readers to share their thoughts and engage in a discussion, you can foster a more interactive environment and encourage traders to participate in the comments section.
INDEX:BTCUSDLong
by ProcessAndIntercept
4
NVDA Topping PatternUnlike the previous call, I made in NVDA that was corrective. This double-top pattern is signaling a reversal pattern. From a trading perspective, this is a great risk/reward setup that is relatively simple. A CRACK! here will likely lead to at least the right side filling, with the potential deeper pullback (reversal) If on the other hand, it pops above recent highs then no trade or an easy stop out. As you all know I don't do targets, I think they are silly and only used to pretend one has such insight not only can they call the move but also a "target" too. Yeah well, I'll leave that to the "experts" ;) Bulls don't be a dick for tick. Shorts take some early profits to improve cost basis but let this one ride!
NASDAQ:NVDAShort
by RealMacro
6
Sell, Hold, or Hope? Netflix Approaches $1000Hi, Looking at Netflix's historical price behavior around psychological round numbers ($100, $500), we see a pattern that indicates it might be a good idea to lock in some profits at these levels. Why? - Round numbers often act as psychological barriers where prices tend to consolidate or range for a while, limiting further growth. - There's a significant chance of a correction, especially after a strong rally like the one we've seen recently. Both of these scenarios suggest it's worth considering taking some money off the table. One thing is for sure: please avoid letting FOMO influence your decisions at these prices - don't buy it at the moment. There will be better changes, just be patient enough! Historical Examples of Psychological Round Numbers $100 Level (2015-2016) In July 2015, Netflix approached the $100 level. While it did show some upward movement, the price largely ranged around this area until late 2016. It was stuck for months, offering limited returns for those who didn't react. $500 Level (2021-2022) Around $500, Netflix once again demonstrated the same behavior. For about a year, the stock did little more than range around this level. This shows how powerful round numbers can be as areas of stagnation. Current Major Level: $1000 While Netflix has surpassed previous round numbers, $1000 is shaping up to be the most significant psychological level yet. The rise to this point has been enormous, and history suggests that sooner or later, a correction is likely. If you're not prepared to hold through a potential correction or consolidation, the current price levels might be an ideal time to lock in profits. Long-term holders who stick to their thesis might choose to ride this out, the choice is yours. However, for mid-term investors, locking in some gains here could be a wise move! "Sell, Hold, or Hope?" Let's say in that way - I hope that some holders will sell around current prices! ;) All the best, Vaido
NASDAQ:NFLX
by VaidoVeek