CRYPTOCURRENCIES – November 10, 2024
BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. ETHUSD breaks the upper boundary of its short-term consolidation at 2,800 levels and pushes above the year-long average. ETHBTC trading below support at 0.05 levels. Breakdown below the horizontal support is resulting in ETH underperformance. Read More
GLOBAL EQUITY MARKETS – November 9, 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 111.93 and 116.7. Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. The ETF experienced a short-term pullback now followed by a strong rebound and continuation of the existing uptrend.
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INTERIM UPDATE – November 8, 2024
I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop up during the week and is worth bringing to your attention before the week finalizes. Below are the latest additions to Tech Charts watchlist from different regions in single equities. These charts will be covered in the weekly report as well.
