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75: Identifying Support around €13.36 Amidst Selling PressureCurrently, we are witnessing selling pressure on the Fastned stock without significant buying interest. However, by examining historical data, we can identify a point of interest around the €13.36 level. This area has previously acted as a support zone, making it a potential accumulation point. Recent developments support this analysis. Fastned recently raised €32.9 million through the issuance of new bonds, with €12.3 million coming from existing investors extending their bond maturities. This successful fundraising indicates a growing interest and confidence from private investors in Fastned’s long-term potential. Given this backdrop, we anticipate that the €13.36 level could attract accumulation as investors recognize the company's ongoing investments in the fast-charging infrastructure for electric vehicles. As more motorists transition to electric vehicles, the demand for Fastned's services is expected to increase, potentially driving the stock's recovery. Monitor the €13.36 level closely for signs of accumulation and potential buying opportunities, considering the growing interest and financial backing Fastned is receiving.
EURONEXT:FAST
by SeventyFive-Invest
xauusd analysisOn last monday we have posted a chart analysis major bullish and bearish points of xauusd. And all our targets were hit ✅✅✅✅ BULLISH: 2335 ✅✅✅ 2343 ✅✅✅ 2347 ✅✅✅ 2355 ✅✅✅ 2367 ✅✅✅ 2376 ✅✅✅ 2398 BEARISH; 2321 ✅✅✅ 2312 ✅✅✅ 2298 ✅✅✅ 2287 ✅✅✅ 2282 our analysis for monday june 10 2024 as xauusd has fallen around 120 points or 1200 pips from its top of 2388 on friday a possible retracement can be elicited out. if the support area from 2288-2282 is not breached then xauusd will fly back to 2333 area where it has major resistance minor resistance are present in 2304 2315 2321 more updates will be posted soon. please like share and follow us for more market related updates
OANDA:XAUUSDLong
by realmillionairefx
US DOLLAR INDEX The us dollar index opened with a gap. today the us dollar index which was closed at 104.94 opened at 105.5 with 11 point gap. this gap may be an indication that us dollar is going to resume its upward momentum this week which it has started on last Friday. if this momentum continues it will be a fall for xauusd. more clear cut analysis will be posted soon . but please post your comments which will be helpful to understand what the crowd thinks and thus understand market sentiments. LIKE BOOST FOLLOW US
ICEUS:DXYLong
by realmillionairefx
GOLD SHORTPrices Already on Resistance!! If Market Crash Price can go higher up to $2900 (I mean 20% rally). or Opposite, It come down to $2100 to $2000 level It will provide a bearish divergence signal shortly. Keep an eye on it, but make a trade plan in advance. A surge in the US dollar and Treasury yields also brought down the price of gold. Central Banks are adding gold to their reserves. Decresing Tick Volume No matter the asset, investing always involves some risk, but savvy investors usually recognize the value of seeing openings during market downturns. Furthermore, investors now have a compelling opportunity to diversify their holdings, protect themselves from market fluctuations, and maybe profit from a price comeback thanks to the recent drop in gold prices that occurred on April 25. But before making any financial decisions, including adding gold to your portfolio, it's imperative that you carry out extensive study and evaluate your needs, goals, and risk tolerance. "Escalating geopolitical risks significantly bolster gold as hot and cold conflicts, and a record number of elections this year, keep the risk thermometer high," HSBC was quoted as saying by Reuters. - --------------- **First Scenario - Long:** If Market Structure breaks on Daily TF and retest at 61.8% Initial Target: $2900 Entry: $2390 Stoploss: $2325 **Second Scenario - Short:** Initial Target: $2080 Entry: $2415 Stoploss: $2441 - --------------- Take into consideration: Psychological Resistance at $2900 Psychological Support at $2050 - --------------- Price already in my area of value, just waiting for the market to tell me to get in on a sell. NFA DYOR - --------------- Good Luck! ⚠️Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
OANDA:XAUUSDShort
by irfanp056
2
US30 neutral 1. we are currently consolidating in a tight controlled price range - this clearly illustrates to me that we are waiting a big price move soon (most likely after the high impact new releases today) 2. i believe a break below the line below wil lead to a bullish continuation upwards or a break below the line above will lead to a short term bearish break down of price to the downside. Always maintain a open mindset about the outcome of news as nothing is guareteed in the trading market at any time
BLACKBULL:US30
by TakeTheRisknProsper
OIL 20/5/2024 AnalysisDue to serious geopolitical scenario happening in the middle east usoil has a potential tendency to go long. the Israel strike over Rafa and death of iranian president has created a serious tension in the middle east zone which can be affecting the price of black gold the oil. Bullish targets: 79.60 79.80 80.10 bearish targets : 79.00 78.80 supports: 79.23 78.57 78.21 pivot 78.85 resistance 79:85 80.25 until and unless the pivot is not broken oil will continue buy. boost follow and share us for more such trade analysis.
TVC:USOILLong
by realmillionairefx
xauusd recent update In our previous analysis quoted above we have referred 2407 area as the area of retracement as there is strong support in that zone. and as we predicted the same happened the market retraced from than zone and again hit back the zone creating a DOUBLE BOTTOM and again goin up to nearby resistance zone. support and pivot 2407-2405 if this area is not breached then market will fly back to 2445 zone. bullish targets : 2415 2421 2433 2445 bearish targets : 2401 2397 2391 2382 2376 follow us share us and like us happy trading❤️
OANDA:XAUUSDLong
by realmillionairefx
XAUUSD Short Setup: Potential Sell Opportunity!We're eyeing a short opportunity on XAUUSD around the $2355-2360 range, where the price is expected to encounter resistance. This level coincides with the Fibonacci 0.50 retracement level, a key trendline test, and upcoming PMI news, suggesting a potential reversal. Heightened geopolitical tensions further support the bearish bias. Stay tuned for detailed analysis and trade insights!#XAUUSD #ForexTrading #ShortSetup #TechnicalAnalysis #GeopoliticalFactors #PMINews
FXOPEN:XAUUSDShort
by fluxgold
Fundamental and technical analysis in the world of cryptocurrenOn the 1-day timeframe chart. Hello! We have conducted an analysis of Bitcoin prices at the time of various forums and events in the cryptocurrency and blockchain space. Now let's dive deeper and examine the fundamental and technical aspects of this data. We will look at how forums influence the price of Bitcoin, what factors determine price movement after events, and what conclusions can be drawn from the technical analysis of charts. I have divided the entire list of events into groups based on their names for a clearer and more detailed study of patterns, and let's consider the differences between them: Displaying technical analysis. Bitcoin Events - Orange color. Consensus Events - Green color. Blockchain Events - Pink color. Group 1: Bitcoin Conference: Bitcoin 2012 Conference Bitcoin 2013 Conference Bitcoin 2014 Conference Differences: These conferences are focused on Bitcoin as the first and most well-known cryptocurrency. Probably, these events discussed technologies and innovations related specifically to Bitcoin. Perspectives on the development and future of Bitcoin could have been considered. Group 2: Consensus: Consensus 2015 Consensus 2016 Consensus 2017 Consensus 2018 Consensus 2019 Consensus 2021 Consensus 2023 Differences: Consensus is the largest annual event organized by CoinDesk dedicated to cryptocurrencies and blockchain. These conferences usually discuss a wide range of issues, including technical, regulatory, economic, and other aspects of cryptocurrencies and blockchain. Consensus often attracts attention from major industry players, including representatives of financial institutions, technology companies, government agencies, and other stakeholders. Group 3: Blockchain Expo: Blockchain Expo North America 2016 Blockchain Expo Europe 2017 Blockchain Expo Europe 2018 Blockchain Expo Global 2020 Blockchain Expo North America 2024 Differences: These events are oriented not only towards cryptocurrencies but also towards blockchain technology as a whole. Various applications of blockchain in different industries, such as finance, healthcare, logistics, and others, are discussed. Both technological innovations and practical examples of blockchain usage are presented. These groups have different inclinations and focuses in their themes, allowing participants to choose events based on their interests and expectations. Technical Analysis: Let's develop a trading idea, considering all forums and Bitcoin prices at the time of each event. We will also examine the further movement of the price after each forum and add some reflections on technical analysis. 1. Bitcoin 2012 Conference: - Date: September 15-16, 2012. - Bitcoin price at the time: $12. - Further price movement: After the forum, the price continued its upward trend, increasing to $105 by the next forum. - Technical analysis reflections: The upward trend is confirmed by increasing trading volumes, and highs/lows are rising. 2. Bitcoin 2013 Conference: - Date: May 17-19, 2013. - Bitcoin price at the time: $122. - Further price movement: After the forum, the price continued to rise, reaching $444 by the next forum. - Technical analysis reflections: The upward trend intensified, indicating a bullish market continuation. It's important to note that after the forum, the price decreased by -44%, suggesting possible manipulation by a large player (shaking out weak hands). 3. Bitcoin 2014 Conference: - Date: May 15-17, 2014. - Bitcoin price at the time: $440. - Further price movement: After the forum, the price initially rose to $666 but then began to fall, reaching $230 by the next forum. - Technical analysis reflections: The price increase was driven by news surrounding the forum, but technically, the asset price was approaching an upward trend. It's also crucial to note that the price of Bitcoin decreased by 61.3% leading up to the forum - this could have created an illusion of a bottom! Overall, after the forum, the asset price decreased by an additional 62.2%. 4. Consensus 2015: - Date: May 10-12, 2015. - Bitcoin price at the time: $244. - Further price movement: After the forum, the price of Bitcoin began to gradually rise, reaching $444 by the next forum. - Technical analysis reflections: A rising trend begins to form on the chart after a correction. It's important to note that the price at the time of the forum was at resistance of a descending trendline, which was later breached. 5. Consensus 2016: - Date: May 2-4, 2016. - Bitcoin price at the time: $444. - Further price movement: After the forum, the price of Bitcoin continued to rise, reaching $733 by the next forum. - Technical analysis reflections: The upward trend intensified, potentially leading to increased interest in the asset. After the forum, the asset price tested the ascending trendline and saw an impulse rise of +74%. 6. Blockchain Expo North America 2016: - Date: November 29-30, 2016. - Bitcoin price at the time: $733. - Further price movement: After the forum, the price of Bitcoin continued its rapid rise, reaching $2,424 by the next forum. - Technical analysis reflections: There is an increase in volatility and acceleration of the upward trend. Similar to the previous forum, there was an impulse rise of +52% from the support of the ascending trendline. Important! After forums 5 and 6, the price aggressively rose, but the most crucial aspect was the return of the price to the ascending trendline, thus deflating all rises by 70-90%! 7. Consensus 2017: - Date: May 22-24, 2017. - Bitcoin price at the time: $2,424. - Subsequent price movement: After the forum, the Bitcoin price continued to rise, reaching $2,525 by the next forum. - Technical analysis reflections: The trend continues to strengthen, and the market experiences a phase of active participation in the bull rally. It's also worth noting that the price leading up to the forums increased by +150% from the same ascending trendline on which forums 5 and 6 were held. 8. Blockchain Expo Europe 2017: - Date: June 1-2, 2017. - Bitcoin price at the time: $2,525. - Subsequent price movement: After the forum, the Bitcoin price began a rapid ascent, reaching $8,131 by the next forum. - Technical analysis reflections: There is a continuation of the aggressive upward trend with high volatility, attracting traders' and investors' attention. After the forum, the price renewed all previous highs and peaked at $19,111. Important! It's worth noting that the next forums 9 and 10 will take place after the global ascending trendline has already been breached... 9. Consensus 2018: - Date: May 14-16, 2018. - Bitcoin price at the time: $8,131. - Subsequent price movement: After the forum, the Bitcoin price fell to $6,069 by the next forum. - Technical analysis reflections: The market experiences volatility and correction after a prolonged period of growth. While the forum carried a positive sentiment, technically, the price was in a descending trend. A decline of -29% was observed. 10. Blockchain Expo Europe 2018: - Date: June 27-28, 2018. - Bitcoin price at the time: $6,096. - Subsequent price movement: After the forum, the Bitcoin price initially rose to the levels of the previous forum at $8,131, but then began to fall again, forming global lows at $3,181. - Technical analysis reflections: The market undergoes a period of correction after a prolonged downward trend, and the price even attempts to stabilize after breaking through the descending trendline. However, the global descending trend continues. 11. Blockchain Expo Global 2019: - Date: April 25-26, 2019. - Bitcoin price at the time: $5,125. - Subsequent price movement: After the forum, the Bitcoin price continued to rise, reaching $6,363 by the next forum. - Technical analysis reflections: There is an acceleration of the upward trend with increasing trading volumes. 12. Consensus 2019: - Date: May 13-15, 2019. - Bitcoin price at the time: $6,636. - Subsequent price movement: After the forum, the Bitcoin price initially fluctuated in the range of $7,300 - $8,777, but then began to increase, reaching $13,000, forming an important local maximum. - Technical analysis reflections: The market steadily rose, forming lows through which ascending trendlines could be drawn! It's important to note that forums 9 and 10 formed resistance levels, which the asset price surpassed due to the news background at forums 11 and 12. Thus, each forum has its own unique context and impact on the future movement of the Bitcoin price. These data can be used to develop trading strategies and make decisions about entering or exiting positions in the cryptocurrency market. Continuing the analysis: Forums 9, 10, 11, and 12 formed the meridian of the global accumulation channel. Attention should have been focused on forum 13 and technical analysis! 13. Blockchain Expo Global 2020: - Date: March 17-18, 2020. - Location: London, UK. - Note: Many events in 2020 shifted to an online format due to the COVID-19 pandemic. - Bitcoin price at the time: $5,666. - Subsequent price movement: After the event, the Bitcoin price continued to rise, reaching $40,000 by the next forum. - Reflections: In the face of market uncertainty and the transition of events to an online format, it was possible to rely on a stable trend and consider long-term investments. The price confirmed a global ascending trendline from which there was aggressive buying. 14. Consensus 2021: - Date: May 24-26, 2021. - Bitcoin price at the time: $35,000. - Subsequent price movement: After the forum, the Bitcoin price continued to rise, reaching $40,000 by the next forum. - Technical analysis reflections: The market experienced a bull rally with increased volatility and heightened investor interest. However, the forum took place when the asset price had already breached a local ascending trendline, so despite the positivity, the price continued to decline to a more significant ascending trendline by -26.71%. After its confirmation, the price formed a global maximum at $69,000, from where a global downward trend began to the levels of $15,479. 15. Blockchain Expo Europe 2022: - Date: June 1-2, 2022. - Bitcoin price at the time: $31,000. - Subsequent price movement: After the forum, the Bitcoin price initially dropped to $30,000, but then began to rise again, reaching $31,000, and continued its downward movement. - Technical analysis reflections: The market experienced a correction after a rise and was at the support level of an already formed channel ranging from $30,000 to $69,000. However, despite positive news, a support breach occurred, and the asset price fell by -49.01% from the forum date. 16. Consensus 2023: - Date: May 22-24, 2023. - Bitcoin price at the time: $26,000. - Subsequent price movement: After the forum, the Bitcoin price continued to rise overall, reaching $73,000 by the next forum in Dubai (Blockchain Life). - Technical analysis reflections: The market maintained its upward trend. 17. Blockchain Life 2024: Date: April 15-16, 2024. Bitcoin price at the time: $65,858. Subsequent price movement: After the forum, the Bitcoin price began to decline towards the $61,000 mark. Technical analysis reflections: The market maintains its upward trend, but it's worth noting that below today's price are trendline supports. Analyzing past upward trends, there is a possibility of a price decrease to these trendlines! The news background is very positive - this may precede a good decline - the reason being that the asset price is at global highs (a local distribution zone). 18.Blockchain Expo North America 2024: Date: September 18-19, 2024. Bitcoin price at the time: $???.???(assumed). Thus, analyzing all the forums conducted and the Bitcoin prices at the time of their occurrence, trends can be identified and the impact of events on cryptocurrency prices understood, which can help in making investment decisions. After analyzing all the presented events and forums, as well as conducting technical analysis of the Bitcoin price, the following conclusions can be made: Fundamental Analysis: Forums and events such as conferences and exhibitions have a significant impact on the cryptocurrency market, especially when new technologies, regulations, and investment opportunities are discussed. The transition of events to online formats due to the COVID-19 pandemic influenced market perception but did not diminish investors' interest in cryptocurrencies. Rising trends in Bitcoin price may be associated with optimistic news and announcements at major events, whereas descending trends may be caused by uncertainty or negative news. Technical Analysis: Bitcoin price charts show clear growth trends after forums and events, especially if the Bitcoin price starts to increase before the event and continues to rise afterward. Support and resistance levels on the charts often correlate with the timing of events, confirming their influence on the market. Conclusion: Fundamental analysis and technical analysis confirm the importance of events such as forums and conferences for the cryptocurrency market. Investors can use information about event schedules and price analysis to make decisions about entering or exiting positions in the market. However, it's important to remember that the cryptocurrency market is always volatile, and no analysis guarantees successful investments. It's always important to conduct your own research and diversify your portfolio.
BITSTAMP:BTCUSD
by SHARK1318