#Bittensor is a leading AI coin. Despite lagging in the recent AI rallies, I see two paths for it: Yellow: #TAO is in its 5th wave, heading for a new ATH soon. White: #TAO is forming a 4th wave triangle, which needs more time to stabilize before targeting a new ATH.
Corn market has had a somewhat of a shock revival over the past couple of weeks. The latest WASDE report provided a final jolt to the massive speculative positioning which we deem to be at an extreme around the 500 USD level. We think the latest move has been an overkill and some of the positioning is bound to unwind as the speculators might have gotten ahead of themselves. Large stale short positions were the predominant drive of the move for the most part. Therefore, all the latest long positions are at risk of being trapped. Strategic short with stop around at the 555-560 USD level. Targeting pre-WASDE levels.
Nikkei is in the area form where it pulled back 8 times. Waiting for number 9- risk 200 points reward 1,000 points. Let's see how it plays out....
EUR/CHF Technical Analysis The EUR/CHF pair has recently broken out of a consolidation range near the lower support zone, signaling potential bullish momentum. The chart shows a clear support zone at the lower gray area, where price has tested multiple times and successfully rebounded. Currently, the price is moving upwards, targeting the next resistance zone, highlighted in the upper gray area. If the bullish momentum continues, we can expect the price to test this resistance level. A breakout above this zone could confirm further upside potential. Traders should monitor the price action and wait for confirmation at key levels before entering any trades. A break and retest of the resistance zone may present a strong buying opportunity. As always, risk management is essential.
https://www.tradingview.com/x/oRPjLf3A/ Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 75.561. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 82.488 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
DXY Faces Selling Pressure Despite Ongoing Bullish Trend The DXY Index continues to experience slight selling pressure, even though the bullish trend remains intact. The US Dollar (USD) saw a modest rebound following reports that President Trump is considering a 10% tariff on China as a response to fentanyl shipments, effective February 1. Trump stated, "We're discussing a 10% tariff on China due to their fentanyl exports to Mexico and Canada." Tariff threats and their eventual implementation are likely to impact market sentiment, giving the USD a potential boost. However, any delays in tariff announcements will provide temporary relief for risk assets and might prompt unwinding of long USD positions. Technical Analysis: In our previous analysis, we observed that the DXY Index broke out of its channel and hit one of the targets. Given the uncertainty surrounding tariff decisions, DXY is hesitant to take a definitive direction before February 1. Post that date, clarity on the USD's outlook may emerge, potentially leading to a new bearish correction. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Muinmos has announced the formation of its first Advisory Board, which includes a newly established team of four distinguished industry leaders, each with extensive experience in RegTech, Big Data, digital transformation, and scaling businesses within financial services and beyond.
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