CRYPTOCURRENCIES – November 24, 2024
BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. Monitoring the chart for a strong monthly close and a breakout signal on long-term charts. ETHUSD breaks the upper boundary of its short-term consolidation at 2,800 levels and pushes above the year-long average though still way below 4,000 levels. ETHBTC accelerates lower. Breakdown below the horizontal support is resulting in ETH underperformance. Read More
GLOBAL EQUITY MARKETS – November 23, 2024
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared the horizontal resistance at 116.7 levels and possibly completed a 2 month-long cup & handle continuation with a price target of 128 levels. Strong support area for ACWI ETF is between 112.69 and 116.7. Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. The ETF continues to remain sideways above the horizontal support at 116.7 levels.
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GLOBAL EQUITY MARKETS – November 16, 2024
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared the horizontal resistance at 116.7 levels and possibly completed a 2 month-long cup & handle continuation with a price target of 128 levels. Strong support area for ACWI ETF is between 112.33 and 116.7. Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. Strong rebound from support could not materialize into a directional move. The ETF continues to remain sideways above the horizontal support at 116.7 levels.
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