#Crypto Technical analyses ✍️- trading IDEAS 📈 | 🏂| Not a financial advice❗️ -Twitter: @CryptoJobs3- 🎯 My charts should help you for your own trading! 💎
- US equity futures wavered as markets head into a crunch period, with key inflation data on Wednesday followed by interest-rate decisions on both sides of the Atlantic.
- Contracts on the S&P 500 posted small moves to trade little changed after the underlying gauge rose 1.2% on Monday, rebounding from its worst start to the month in data going back to 1953.
- Benchmark Treasury yields rose a second day, while the dollar held Monday’s gains.
- The market mood is cautious as investors look to balance US recession fears and the likelihood of a soft landing, amid worries the Fed may be falling behind the curve as the labor market cools.
- Meanwhile, US political risk is back at the forefront, with former President Donald Trump squaring off in a debate with US Vice President Kamala Harris later Tuesday.
- Hedge funds have been unwinding their positions to get cash ready for volatility ahead of the Nov. 5 vote, according to Goldman Sachs Group Inc. data.
- Wall Street traders gearing up for this week’s Federal Reserve decision kept driving a rotation out of the tech megacaps that have powered the bull market in stocks. - As bets on a half-point Fed cut on Wednesday kept growing, money continued to flow into economically sensitive corners of the market and out the perceived safety of big tech. - The S&P 500 fell 0.3%. Banks largely outperformed the broader market as a top analyst said prospects for a soft economic landing should trump margin pressures. - Hedge funds are back to buying big technology stocks, according to a recent Morgan Stanley’s prime brokerage report. Conversely, defensive sectors have been net sold as the fundd trimmed their exposure across real estate, health care and utilities. - Apple shares declined more than 3% after analysts at firms, including Bank of America and JPMorgan, noted that shipping times could point to lighter demand for iPhone 16 Pro models than the prior year.
• Tuesday: Retail Sales; Salesforce $CRM Event • Wednesday: Fed Rate Cut Decision, FOMC Dot-Plot, Powell⚠️⚠️ • Thursday: Jobless Claims, Philly Mfg. Survey, Existing Home Sales; $FDX Earnings - Wall Street traders gearing up for this week’s Federal Reserve decision kept driving a rotation out of the tech megacaps that have powered the bull market in stocks. - As bets on a half-point Fed cut on Wednesday kept growing, money continued to flow into economically sensitive corners of the market and out the perceived safety of big tech. - The S&P 500 fell 0.3%. Banks largely outperformed the broader market as a top analyst said prospects for a soft economic landing should trump margin pressures. - Hedge funds are back to buying big technology stocks, according to a recent Morgan Stanley’s prime brokerage report. Conversely, defensive sectors have been net sold as the fundd trimmed their exposure across real estate, health care and utilities. - Apple shares declined more than 3% after analysts at firms, including Bank of America and JPMorgan, noted that shipping times could point to lighter demand for iPhone 16 Pro models than the prior year.
- Wall Street traders gearing up for this week’s Federal Reserve decision kept driving a rotation out of the tech megacaps that have powered the bull market in stocks. - As bets on a half-point Fed cut on Wednesday kept growing, money continued to flow into economically sensitive corners of the market and out the perceived safety of big tech. - The S&P 500 fell 0.3%. Banks largely outperformed the broader market as a top analyst said prospects for a soft economic landing should trump margin pressures. - Hedge funds are back to buying big technology stocks, according to a recent Morgan Stanley’s prime brokerage report. Conversely, defensive sectors have been net sold as the fundd trimmed their exposure across real estate, health care and utilities. - Apple shares declined more than 3% after analysts at firms, including Bank of America and JPMorgan, noted that shipping times could point to lighter demand for iPhone 16 Pro models than the prior year.
The price remain hearish on the lower TF. and should continue to move toward the lower key support zone: 7.960 - 7.880 $ 📉 It can be a bullish retest, but nothing is sure into this unstable zone with large volume ⚠️
I'd prefer to wait for a clear consolidation on these supports before taking a long position. Otherwise, I think the price could continue to move down towards the SSA zone: $7,580 - $7,600! (yellow zone).📉
💡To resume: The short term price is unstable, but I think that a dump toward 7.650 - 7.700$ will be see! Monitor the uptrend pattern and the SSA : 7.580$ level wich could be the final bottom!
💡To resume: The price might consolidate & range beatween the 4.100 - 3.80$ zone. The consolidation phase could last several weeks or even months. As long as there is no buying pressure and a clear breakout above 4.150 or the wedge, I do not recommend long-term buying⏳
The 30.00$ support zone could act as bullish retest here, but it's difficult to know the price direction at the moment!
Monitor the triangle pattern [H4 view] and a possible downtrend breakout. [2nd chart]. In case of breakout it will be easy to enter on the retest zone! 📈
Key resistance weekly that must be break: 31.40 - 32.20 $ ⚠️
-Bullish reversal structure on the daily 📈 -Weekly resistance at 0.3160$, but it will probably be break📈 -Vertical accumulation H1📈 -Triple bottom daily📈
Next big move: I see a bul trend toward 0.3800 - 0.400$ [mid term] 🚀