I look to the weekly timeframe to identify trends and continuation setups. AIOZ's price action has a degree of relative strength in the ALT market. We see the relative strength when we see the price bounce strongly off the 20DMA, compared to DOGE and BCH which sit just below the 20DMA. Strong support exists around $1, from the 20DMA to the horizontal support from the March 2024 peak. These signals suggest the $1 support will hold in this bull cycle and was a great buying opportunity for a new leg higher. Observations from the Analysis Relative Strength: AIOZ's strong rebound off the 20-day moving average (20DMA) is a significant indicator of relative strength, particularly when compared to assets like DOGE and BCH that are underperforming relative to the 20DMA. This suggests stronger demand and bullish sentiment for AIOZ. Support Around $1: The $1 level is reinforced by multiple support factors: 20DMA proximity: Indicates dynamic support. Horizontal support: Derived from a previous high in March 2024, highlighting historical significance. These overlapping supports increase the probability of this level holding during retracements in a bull cycle. Continuation Setup: If $1 holds and we see continued higher lows and strong volume, it could signal a continuation of the uptrend, offering a potential entry for the next leg higher. Considerations Volume Confirmation: For the breakout to be validated, watch for a significant increase in volume as the price moves higher from support. Market Conditions: Given the overall altcoin market sentiment, external factors like BTC's dominance and macroeconomic trends should be monitored. Next Steps Monitor AIOZ’s behavior around $1 with weekly closes for confirmation of support. Compare its performance with the broader altcoin index to ensure its relative strength persists. Track for any divergences in RSI or other momentum indicators that could signal weakening. If you'd like, I can provide real-time data or technical charts to supplement your analysis further.
I have been waiting tirelessly for something tasty to present itself on solar stocks for months and we finally have what looks like accumulation occurring at the .886-.786 level. I present to you BEP - a globally diversified portfolio of high-quality renewable power assets. Given Trump's victory, the increasing focus on AI's growing resource demands, the future power needs, and the sustainability of current energy production methods—along with the prolonged bear market—it seems that renewables are uniquely positioned to benefit from the rising power demands ahead. Possibly more downside to come but I feel this is a good level to start averaging in a nice 1-4 year long position.
Weekly Accumulation pattern lowest low at 813 Potential 5 wave rise from 813 area which would be a 1, of a new impulse, with a correction from 1246 to 915 for the wave 2, potential new wave 1, within a larger 3 wave structure. Take profit target overall, 1st target is 3700.
EURNZD had reach a significant area of interest on the daily time frame Going to 4hr and 2 hr we wait for SBI formation
right now just dcaing the dip from yesterday to average out price. I hope for a downwards wedge but could easily break out for the new year high again. But honestly if you're spot trader just hold until new all time highs hit bigger this time, hoping for January or Feb. and remember to take profits otherwise you will be diamond handing all the way down like 2021-2022 years. We must learn from mistakes. For the newbies here, once you made a 2x or 3x just withdraw your initial investment so you can almost become emotionally detached. Do not wanna see anyone complaining about losses in this space.
The GOLD/BTC chart and PAX here, show that the BTC rally isn't going to continue for a long time. Keep an eye on the targets of BTC (112 and 137) and forget about the copium. NFA
Markttechnische Analyse Der DAX zeigt weiterhin eine stabile Performance und bleibt in der Nähe seines kurzfristigen Höchststands. Die Marke von 20.400 Punkten spielt weiterhin eine zentrale Rolle, während die Unterstützungen um 20.200 Punkte kurzfristig von Bedeutung bleiben. Der übergeordnete Aufwärtstrend ist weiterhin intakt. Wichtige technische Ebenen: EMA-Trendlinien: Die EMA 20, 50, 100 und 200 zeigen weiterhin eine klare Unterstützung für den langfristigen Aufwärtstrend. Unterstützungen: 20.200 Punkte (kurzfristig) 19.900 Punkte (langfristig) Widerstands- und Unterstützungszonen: Widerstand: 20.500 Punkte , darüber 20.700 Punkte . Unterstützung: 20.200 Punkte , darunter 19.900 Punkte . Ichimoku-Analyse: Im 1-Stunden- und 4-Stunden-Chart bleibt die Ichimoku-Wolke stabil über der Unterstützung bei 20.250 Punkten . Ein Rückgang unter diese Marke könnte eine kurzfristige Korrektur auslösen. ATR-Analyse und Volatilität Der Average True Range (ATR) bleibt stabil und zeigt eine moderate Volatilität an. Aktueller ATR (1-Stunden-Chart): 25 Punkte Risikomanagement: Long-Position: Stop-Loss bei 20.360 Punkten (1,5x ATR). Short-Position: Stop-Loss bei 20.300 Punkten . Elliott-Wellen-Analyse Die Bewegung zeigt Anzeichen einer 5. Welle in der übergeordneten Elliott-Wellen-Struktur. Diese könnte kurzfristig Potenzial für einen weiteren Anstieg bis 20.700 Punkte bieten. Primärwellenstruktur: Ziel: 20.700 Punkte Unterstützung: 19.900 bis 20.200 Punkte Sekundärwellen: Konsolidierungsbereich: 20.250 bis 20.400 Punkte Fibonacci-Level stützen die Zone um 20.350 Punkte . Wochenausblick Kurzfristig (Donnerstag): Konsolidierung im Bereich 20.200 bis 20.400 Punkte . Ein Anstieg über 20.400 Punkte könnte kurzfristig 20.500 bis 20.700 Punkte erreichen. Rückgang unter 20.200 Punkte → Korrektur zu 19.900 Punkten möglich. Mittelfristig: Ziele: 20.700 bis 20.900 Punkte Warnung: Rückgang unter 20.200 Punkte könnte auf eine kurzfristige Korrektur hindeuten. Trading-Setup Long-Setup: Einstieg: Über 20.400 Punkten , nach Bestätigung eines Ausbruchs. Ziel: 20.700 Punkte , weiterführend 20.900 Punkte . Stop-Loss: ATR-basiert bei 20.360 Punkten . Short-Setup: Einstieg: Unter 20.200 Punkten . Ziel: 19.900 Punkte . Stop-Loss: ATR-basiert bei 20.300 Punkten . Risikohinweis ⚠️ Dieses Setup richtet sich ausschließlich an erfahrene Trader . Risikomanagement ist essenziell! Disclaimer ? Der Handel mit Finanzinstrumenten birgt Risiken. Diese Analyse dient nur zu Bildungszwecken und ist keine Anlageberatung .
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Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now that GM has pulled the plug on Cruise and its commercial robotaxi ambitions, reports The Nikkei. GM said Tuesday it would cease funding Cruise and instead absorb the company and combine it with […] © 2024 TechCrunch. All rights reserved. For personal use only.