ECONOMICS:JPINTR (Devember/2024) source: Bank of Japan https://www.tradingview.com/x/3egNhYgn/ -The Bank of Japan (BoJ) maintained its key short-term interest rate at around 0.25% during its final meeting of the year, keeping it at the highest level since 2008 and meeting market consensus. The vote was split 8-1, with board member Naoki Tamura advocating for a 25bps increase. Thursday's decision came despite the US implementing its third rate cut this year, as the BoJ needed more time to assess certain risks, particularly US economic policies under Donald Trump and next year's wage outlook. The board adhered to its assessment that Japan's economy is on track for a moderate recovery, despite some areas of weakness. Private consumption continued its upward trend, aided by improving corporate profits and business spending. Meanwhile, exports and industrial output remained relatively flat. On inflation, the YoY figures have ranged between 2.0% and 2.5%, driven by higher service prices. Inflation expectations showed a moderate rise, and the underlying CPI is expected to add gradually.
I think #Eth will go down until 61.8%, to the powerful support, and then #AltSeason will start.
Alright so almost all alts have taken a nosedive since Fed made announcement. Ski Mask Dog is one of the few that had a healthy retrace from going parabolic for weaks. Retrace was due to people taking profits that gone in weeks/months ago I bought on the last touch of the trendline for about a 0.16 average Has major potential to break out of bull flag soon as sell pressure has gone down and and Ski is at a major discount. Last few wicks reached deep to grab liquidity and we have had a strong bounce upwards after 3rd touch on bull flag Also Ski was on New york Times billboard today. Remember when WIF was on the Vegas sphere and the run that followed? Sometimes a strong community and advertising the right places beats the TA or even tokens that have way better tech and ability. Be careful as things are still uncertain and we could have another retrace but Ski is a still at the current price. DCA if you want but try not to wait for too much of a discount so you don't miss the move. No take profit target as I'm holding until it hits $1.00 which I would bet on happening as a minimum. *Look at the Market Cap of Ski compared to the other meme coins that have run into billion dollar market caps and you can see why SKI gives you a chance for multiples on you money instead of a 2-5x
The EUR/USD pair is trading around 1.0406, above 1/8 of Murray, and within the downtrend channel forming since November 29th. Yesterday during the American session, the euro reached the low of 1.0325 and covered the gap that it had left on November 20th around 1.0417. Since the euro is showing a slight recovery while consolidating above 1/8 of Murray, we could expect EUR/USD to reach 21 SMA located at 1.0465 and even climb to the 200 EMA located at 1.0576. Since the market is showing signs of overselling, it is likely that the euro will consolidate above 1.03 and below 1.05 due to low liquidity at the end of the year. Meanwhile, we will look for opportunities to buy within this range. A sharp break and consolidation above the psychological level of 1.05 and above 2/8 Murray could mean a strong recovery. Therefore, we expect the instrument to reach 4/8 Murray 1.0742 and even rebound to 1.0864.
Chainlink (LINK) has formed a Cup & Handle pattern with a bullish scenario. The breakout has formed a bullish trend for the bulls creating pressure to push the price to the upside. In addition, the bears have pulled the price back down towards the neckline which acts as a previous Upper Resistance line. Bid Zone= $19.27 - $22.87 Expect price to continue to the upside with followed buying momentum from the bulls. After this pullback, Chainlink will now retest previous "All-Time High" dated back from 2021. Target= $52.28
Instead of melting down further, gold retraced all the way to 2627 and closed with a green bar. However, I still think there is still room for bears. Price could go up to 2608 before another leg down. 1st target 2565. 2nd target 2542.
Three Flags... LFG. . Buy The Dip... Yum!!!! What do you think.....? NFA! Don't Take Financial Advice from Degens & Sh#tPosters The Web!
We still believe that the 90419.3 level on BINANCE:BTCUSDT.P serves as a strong support point that could drive the price toward the next target at 140136.1. The current technical analysis supports this scenario based on the following factors: Overall Trend: The uptrend remains intact, with prices holding above the 50-day and 200-day simple moving averages, reinforcing the potential for continued bullish momentum. Support and Resistance Levels: Key Support: 90419.3 (a pivotal level). First Resistance: 110000 (a psychological level likely to encounter selling pressure). Second Resistance: 140136.1 (the expected target). Technical Indicators: RSI (Relative Strength Index): Shows positive momentum and remains below overbought territory, leaving room for further upside. MACD: Displays bullish signals with a positive crossover above the zero line, indicating continued upward momentum. Volume: Suggests increased buying interest near the current support levels, strengthening the likelihood of a bounce. Chart Patterns: A potential "Bullish Flag" formation is observed on daily timeframes, supporting the case for achieving higher targets once the upper resistance line of the pattern is breached. Possible Scenarios: Bullish Scenario: If the price holds above 90419.3 and gains sufficient momentum, we may see a gradual rise toward 110000 initially, followed by a move toward 140136.1 in the medium term. Bearish Scenario: A break below 90419.3 could trigger a corrective move toward the next support level at 85000, delaying the upward targets. Recommendations: Closely monitor the 90419.3 level as a critical pivot point. Set stop-loss orders below this level to safeguard open trades. Consider adding long positions incrementally if strong support signals emerge on shorter timeframes.
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Dangerous double top for MAA with lower highs. The setup comes after a run of 33% and the price at 149 is gonna make a good test to check this support. I'd bet in a new relative low to come very soon with this bearish setup.