Ethereum consolidation reaching discount zone
Ethereum (XETUSD) has retraded (fibonacci) 50% of last swing. This is considered by many prop traders as the discount zone. Next decent demand level is 2870-2990. Keep an eye at the discount zone for an eventual rebound. Source : Bloomberg
Dassault Systemes breaking swing support ?
Dassault Systemes (DSY FP) remains under pressure since last earnings release end January. It's now trading below swing support 41.45. Keep an eye at the closing. Next support level is 38.96 - 39.25. Source : Bloomberg
Bitcoin next support level ?
Bitcoin (XBTUSD) consolidating (down 6% now). Keep an eye on next support zone that seems interesting 59'317-62'750. Source : Bloomberg
Crude Oil confirming short term bullish trend
Crude Oil WTI confirmed yesterday it's short term bullish trend by closing over 79.77. Swing low support is at 76.79. Source : Bloomberg
Walt Disney reaching resistance zone
Walt Disney (DIS US) is reaching resistance zone 111-118. It's been a 45% rebound since October low at 78.73. Will it have enough strenght to break ? Source : Bloomberg
Tesla reaching strong support zone
Tesla (TSLA US) is approaching support zone 152.37 - 165.65. Keep an eye for any reaction over the next few days. Source : Bloomberg
ING Group breakout after 23 years ?
ING Group (INGA NA) broke yesterday February 2022 high ! It is also breaking the 2001 downtrend line ! Keep an eye
Nvidia engulfing pattern
Nvidia (NVDA US) posted an Engulfing candelstick ! This candelstick is usually very negative, espacially when it's a big one like this (10% range). The trend remains bullish but after such a rallye and most indicators strentched to the maximum, there is a strong probability for a pullback or at least a sideways consolidation that could last quit a while. Keep also in mind that last swing low is at 662 representing the strong support.
