tldrdailynews.com logo
Tag

Technical Analysis

All articles tagged with #technical analysis

MAGS ETF Tests $73 Resistance Amid Mixed Technical Signals
markets12 days ago

MAGS ETF Tests $73 Resistance Amid Mixed Technical Signals

The Roundhill Magnificent Seven ETF (MAGS) is approaching a critical technical resistance level near $73 after failing to sustain recent intraday highs. While the fund closed at $72.08 on Wednesday, it remains within striking distance of a breakout that could target the $82 level. Conversely, failure to break this barrier may trigger a decline toward support zones between $68 and $65. The primary source provided only a headline and error data, offering no substantive analysis, while the secondary source detailed the technical crossroads facing the ETF.

via Yahoo Finance|
#investing#magnificent-seven#mags-etf
Bitcoin Clears $80K as Fresh Short Squeeze Ignites Rally
business21 days ago

Bitcoin Clears $80K as Fresh Short Squeeze Ignites Rally

Bitcoin surged to about $80,800 (roughly 5.9% on the day) after the Fed raised rates 25 bps and signaled a shallow path, triggering a sizable short squeeze with over $230 million in bitcoin shorts liquidated and more than $445 million across crypto. Technicals show a bullish setup—golden cross formation, ADX well above 25, RSI climbing toward 63—hinting at continued upside, though traders warn of volatility and point to key levels: resistance near $82,281 and supports at $75,569 and $68,858.

via Decrypt|
#bitcoin#business#crypto-markets
Gold tests a critical halfway-back level, shaping trader bets
gold-investing1 month ago

Gold tests a critical halfway-back level, shaping trader bets

Gold futures rallied in August but pulled back to classic 50% retracement levels of recent moves, hovering near a key halfway-back area around 4,780 (between Jan’s high and Jul’s low) and another midpoint near 4,373. Prices dipped to roughly 4,370–4,380 before rebounding. Traders view these halfway-back levels as potential entry/exit points: sell near the line if price stalls or breaks through to signal continuity, and stay in or add if a reversal confirms.

via Yahoo Finance|
#fibonacci-retracement#gold#gold-investing
Silver May Find a Bottom Near $60 With a $61 Entry and $97 Rally Ahead
markets6 months ago

Silver May Find a Bottom Near $60 With a $61 Entry and $97 Rally Ahead

Barron's technical analysis suggests silver could bottom around $60, with an entry near $61, before a potential rally toward $97.40 later in the year. The view comes after a drop from the mid-$80s to the mid-$60s and a 10-month monthly uptrend, with bearish RSI signals and high volatility keeping risk in check. If investors have conviction, volatility may present an entry point, per the analysis.

via Barron's|
#markets#precious-metals#price-action
Bearish technicals cement $45k Bitcoin target, warns strategist
business8 months ago

Bearish technicals cement $45k Bitcoin target, warns strategist

Bitcoin faces renewed downside pressure as Michael Purves of Tallbacken Capital Advisors doubles down on a $45,000 target after fresh bearish signals: a sequence of MACD sell signals and the completion of a head-and-shoulders pattern with a neckline near $76,000, a break beneath which could trigger forced deleveraging. The $76k neckline also aligns with the strategy’s average cost of acquisition, underscoring the risk of further downside as the crypto slides to its weakest levels in months.

via Sherwood News|
#bitcoin#business#cryptocurrency
Silver Eyes Breakout Beyond $110 as Uptrend Remains Intact
markets8 months ago

Silver Eyes Breakout Beyond $110 as Uptrend Remains Intact

Silver remains in a bullish uptrend, trading near $107.50 as it tests the $109.50–$110 resistance. A sustained break above $110 could open the path to $113.50 and toward the upper channel around $118.40, with key support at $103.30 and the lower bounds near $97.80–$98. If prices slip below $104.90, deeper consolidation toward $102.20 or $99.90 could occur, though the overall trend stays constructive unless $97.80 gives way, supported by a weaker dollar, easing real yields, and geopolitical uncertainty.

via FXLeaders|
#markets#precious-metals#price-forecast
XRP's Volatility and Investment Outlook in October
cryptocurrency1 year ago

XRP's Volatility and Investment Outlook in October

XRP's price holds above key levels in September, with potential for a 30% rally if it breaks above $2.81, but October has historically been a challenging month for XRP. The upcoming ETF decisions and historical seasonal trends suggest possible bullish movements in Q4, especially if key resistance levels are surpassed. However, caution is advised due to historical October struggles and potential short-term supply walls.

via Cointelegraph|
#cryptocurrency#etf#october