JASMY ~ 5D Analysis #JASMY This support continues to be maintained so far. Buy gradually from here with a minimum target of 20%+.
ONE ~ 1W Analysis #ONE This support block continues to be maintained so far. Buy from here with a minimum target of 20%+
ArcelorMittal (ACL) is South Africa's largest steel-producing company. It has survived where companies like Highveld Steel have disappeared. Arguably, ArcelorMittal felt the impact of the sub-prime crisis more than any other South African company and has fallen from its high of R260 in June 2008 to as low as 25c in August 2020. Since then, it has rallied strongly and now trades at 1052c. It has had to deal with the collapse of the construction industry locally, which was a major consumer of steel, and the massive imports of cheap Chinese steel which were dumped onto our market. Those imports have slowed down somewhat, and ArcelorMittal was successful in getting certain tariffs in place to discourage imports. We believe that this company came close to closure in July 2020 when the share price reached 25c. It has been rescued by the rising steel price combined with severe cost-cutting. In its results for the year to 31st December 2024, the company reported revenue down 7% and a headline loss of R5,1bn compared with a loss of R1,89bn in the previous period. The company recorded an "Operational EBITDA loss - before the Longs Business wind-down charge, severance packages charge and the write-down of inventory – of R1 816 million (2023: R56 million profit), includes R670 million of losses relating to the Q2 2024 Blast Furnace instability and R1 514 million of inventory disposal losses in support of improved liquidity." These results brought the new upward trend to an abrupt halt, taking the shares back down to and through support at around 100c. On 6th January 2025, the company announced that it had taken the decision to wind down and close its Longs steel division, leading to a sharp drop in the share price.
Let's see if this plays out. Short only on chart, I didn't take but there was a nice 1 minute divergence as a confluence.
GALA ~ 1W Analysis #GALA Buy gradually from here if you still have a Conviction on this Coin with a minimum target of 20%+.
CRV ~ 1W Analysis #CRV This is the lowest support for the moment If you still have a Conviction on this Coin, buy from here with a minimum target of 20%+
The green channel in the 1-hour gold shows that the price of gold is in an upward trend in the near term, showing an obvious upward channel structure. The price has tested the upper and lower edges of the channel many times, indicating that the market has recognized the effectiveness of the channel. From the recent trend, we can see that after the price formed a low point at 2,733.60, it began to fluctuate upward and reached a stage high at 2,817.41. Subsequently, there was a significant correction, with the lowest retracement to around 2,774.06. After that, the price rose along the channel again and broke through the previous resistance level. This trend is in line with the typical "wave-like" upward trend, that is, rise-retracement-rise again. The red trend line reflects the short-term fluctuation rhythm of the price. The current price is close to the middle and upper area of the channel and is fluctuating around 2,865. From the perspective of form, this may constitute a "flag consolidation" or a short-term "symmetrical triangle". Usually this is a trend continuation pattern, and further upward breakthroughs may follow. Short-term resistance: 2,870 (previous small high) 2,890 (psychological barrier) Support: 2,850 (recent low point) 2,820 (the confluence of the lower edge of the channel and the previous support) Overall, the technical structure of gold is still biased towards bulls, but attention should be paid to the performance of prices in the resistance area. If the 2,870-2,890 range can be broken, it may accelerate towards the target of 2,900 or even higher; if the price falls below the channel support, it is necessary to be alert to the risk of further adjustments. Suggestion: Aggressive investors can try long orders with light positions near the short-term support level, while conservative investors should wait for the price to effectively break through before entering the market. Stop loss can be set below the lower edge of the channel.
ZEC ~ 1W Analysis #ZEC This is the lowest support for now. Buy gradually from here if you still have a Conviction on this Coin with a minimum target of 20%+
Now stances marked is short, for you not to short and buy these coins at a more discounted rate and for others, who holds, may average, FOMO's may buy 35% and buy at more down levels below. As you can see in the following chart of FET/USDT (Monthly) Halted 2 months on 50 SMA for a smooth up reversal, though this is not the only thing you shall look for, but among all those its a dataset to look upon. https://www.tradingview.com/x/xGP68XX4/ Quite obvious to know that if FET/USDT moves, it needs time to ripe and then move. For shorts, or scalpers direction is marked. You won't expect how the market turns table out. https://www.tradingview.com/x/QMzKLtJ6/ I am expecting this in for FETUSDT Coming to VIRTUAL - The Chart marked are something to be seen and is quite interesting https://www.tradingview.com/x/jbOcW2JU/ Have a look at this above charts. Weekly shows nothing much but yeah, ive seen this pattern, it traps buyers a lot from this point, retracing down 32% from the CMP, but theres a catch! How can you plan your buys? Just look at the chart. The green line is a major magnet to attract the price to top, averting momentum for shorters, see the small initial dips i have marked, retracing to the tops and back and again falling, So my ideal idea is you may cmp 35% at the small dips and major buys at the 0.91 levels. Expecting same 75% retracement on this as well. Pardon me, the chart i shall had zoomed, but i missed it!!
Bullish trend was confirmed with at least 4 touches on the trendline until the trendline was broken. The marketed retested our resistance to confirm short term sells. I'm confident enough to sell audusd today as the counter trend was also broken