GLOBAL EQUITY MARKETS – December 30, 2023
Dear Tech Charts Members,
Another year is behind us. I want to take this opportunity to Thank you all for being part of Tech Charts community. As Mark Twain said: "Continuous improvement is better than delayed perfection". I aim for continuous improvement each and every day. I'm grateful for having you as members and part of our community. I look forward to serving you in the New Year with great chart pattern ideas, educational videos and with many more new interactive content.
I wish you all a healthy and successful New Year.
Regards, Aksel Kibar, CMTREVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared both minor resistances at 97.4 and 99.5 levels. The ETF is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels is now followed by a sideways consolidation between 102 and 99.5 levels. 97.4-99.5 area is the strong short-term support area.
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CRYPTOCURRENCIES – December 24, 2023
BTCUSD resumes its uptrend with forming short-term bullish continuation patterns. Next upward momentum can push price towards the upper boundary of trend channel between 47K-48K. ETHUSD reached its channel price target at 2,260 levels and now challenging the upper boundary of the possible rising wedge. Breakouts above the upper boundary of a rising wedge is usually followed by strong rallies. Read More
GLOBAL EQUITY MARKETS – December 23, 2023
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared both minor resistances at 97.4 and 99.5 levels. The ETF is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels is resuming the uptrend towards the H&S bottom price target at 109 levels. During recent pullback 99.5 levels acted as short-term support. 97.4-99.5 area is the strong short-term support area.
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