Bitcoin ETFs Witness Largest Outflow in History
U.Today - There has been a major change in the cryptocurrency world as Bitcoin ETFs have had their biggest net outflow since they were created, with a total of $671.9 million. This...
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Lucid Group’s Epic Comeback: A Journey Back to Glory?
Lucid Group (LCID) has experienced a steep decline since its historic peak on 15th November 2021, when it reached approximately $57 per share. The downtrend, spanning over two years, is best interpreted as a classic ABC corrective structure based on Elliott Wave Theory. However, recent technical signals suggest this prolonged bearish phase may have concluded with the low of $1.93. Elliott Wave Analysis of Lucid Group The ABC correction highlights a significant retracement, with the C-wave marking the final stage of this bearish structure. The $1.93 low could represent the termination of Wave C, potentially setting the stage for a robust recovery. If this analysis holds, Lucid Group could be poised for a sharp reversal, with an initial target of $13 and a long-term potential to reclaim $60. Fibonacci and Confluence Zones From a technical perspective, the $1.93 level aligns with key Fibonacci extensions, reinforcing its validity as a critical support. This confluence supports the idea that the correction is complete, paving the way for an impulsive upward move. Fundamental Outlook While the technical setup is promising, Lucid’s fundamentals will also play a crucial role in its recovery. As a leading electric vehicle (EV) manufacturer, Lucid is well-positioned in a burgeoning market. Its innovative designs and expanding global footprint make it a company to watch as the EV sector continues to grow. Risk Management and Key Levels Despite the bullish outlook, risk management remains vital. If the $1.93 level is breached, it would invalidate this scenario, signalling further downside risk. For now, this serves as the critical stop-loss level for any bullish positions. Final Thoughts Lucid Group is at a critical juncture. After a prolonged corrective phase, the stock appears ready to rebound, with technical indicators pointing to significant upside potential. Targets of $13 in the short term and $60 in the long term provide compelling opportunities for investors. For traders looking to capitalise on Lucid’s recovery, close attention to key support and resistance levels will be essential. The EV giant may just be gearing up for an electrifying comeback.
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'Rich Dad Poor Dad' Author Reveals Big 'Bitcoin Secret': Details
U.Today - Robert Kiyosaki, entrepreneur, Bitcoin investor and author of the popular wealth management book “Rich Dad Poor Dad” has addressed the crypto community, as...
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Samson Mow on Bitcoin Crash: 'Supply Shock Is Coming'
U.Today - Thus far this week, the crypto market has tasted two extreme sides of price movement, with Bitcoin soaring to an all-time high (ATH) above $108,000 while dropping as low...
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Japan Plans to Review the Effectiveness of Its Crypto Rules: Report
Nations around the world have been looking to clarify their approach to crypto. The U.K. …
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Quantum BioPharma Acquires $1M of Bitcoin and Other Cryptos
Quantum BioPharma Ltd. (QNTM) is pleased to announce that after receiving approval from the Board of Directors, the Company has purchased USD $1,000,000 Bitcoin (BTC) and other...
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MSTR will reach $2K on January 17, 2025
A picture is worth a thousand words. MSTR's price action this year perfectly resembles its price action in 2020, just with a different time frame. This fractal gives us a projection for MSTR that may reach $2K on January 17, 2025.
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Square (SQ) Setup is Ready for its Christmas Rally [LONG]
Google the Inverse head and shoulder pattern. It seem's clearly visible in SQ. Additionally, there seems to be a cup and handle pattern. This tea cup is looking primed for a Santa rally. The volume looks sound. Fundamentally, they are doing fine, the company has worked hard and made a notable name for themselves. The RSI is healthy just not oversold on the daily but in the shorter term looks oversold. I see no reason to not participate. Gooooo NYSE:SQ
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Bybit One-Click Buy Offers a Winning Chance in FIrst-Time Deposits Lucky Draws
Dubai, United Arab Emirates, December 20th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is raising the stakes for newcomers...
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Dogecoin Founder Says ‘WAGMI’ as Bitcoin, DOGE Prices Crash
U.Today - Billy Markus, one of the two founders of the original meme cryptocurrency Dogecoin, launched in 2013, has published a post where he commented on the massive price fall...
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COVID lockdowns led to spike in kids’ vision problems, 1 in 3 now nearsighted
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EARNINGS GAP UP
Targets 108, 114. Very strong clear support and resistance here has been coiling at the 50 rsi daily level for a while in anticipation. 5-11% move minimum. 77% expected to beat I'm sure this will run up before Wednesday its to obvious of a setup then a strong AH move up followed by a potentially bloody Thursday ill take large profits before earnings release not taking the chance. Weekly 50MA directly overhead.
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Mstr heading south next
Despite all the nasdaq-100 hype i think the next leg is down to at least 270 area. Elliot wave count that i think it is above. I didn't get in this one, going to see if it wants to pullback to bottom of trendline area to short. If not, i'll be watching only
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XRP Falls 10% In Bearish Trade
- XRP was trading at $2.1385 by 04:55 (09:55 GMT) on the Index on Friday, down 10.31% on the day. It was the largest one-day percentage loss since...
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Zhu Guangyao, China’s Former Minister of Finance, Asks Beijing to Study Crypto Industry
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