STMicroelectronics : low in place?
After a 69% consolidation from the July 2023 high, STMicroelectronics may finally be showing signs of a structural shift. - April rebound inside the key support zone 13.73–17.55 - Bullish breakout in July, opening the door to a potential trend reversal - Retest of swing support at 15.50–20.07, followed by a higher low formation - Structure improving, but confirmation still needed Keep an eye on volume — it could provide the next confirmation. Source: Bloomberg
Mastercard rebounding on Swing Support
After a 12% consolidation since the August high, Mastercard is now showing constructive price action on a major swing support zone at 527–538. This area has acted as a strong demand zone in the past — daily and weekly closes will be key to confirm whether buyers are stepping back in with conviction. Source: Bloomberg
Bitcoin – Next Support Levels
Bitcoin has consolidated 26% since the October highs! Now trading in the discount zone (below the 50% Fibonacci retracement). 👉 Key levels to watch: Imbalance zone: 86'450 – 92'850 Major swing support: 74'424 – 82'531 ⚠️ Critical level that must hold: 74'424 Now it’s all about looking at price action in these key areas. Source: Bloomberg
Mom, can you come pick me up?
I'm scared. Source: Trend Spider
Bitcoin's weekly RSI is at its most oversold level since the April bottom, the end of last summer's 'chopsolidation', and the end of the last bear market.
Source: Joe Consorti @JoeConsorti
Ethereum – Next Levels to Look At
Ethereum is now down 38% since the August highs! For the moment, there are no clear signs that the consolidation is over. We’ve reached the discount zone (50% Fibonacci retracement), so it’s time to watch how price reacts around key support areas: 3170 → 50% Fibonacci retracement Imbalance zone → 2636–2933 Minor support → 2114 Major swing support zone → 1385–1955 These levels could offer potential reversal setups if buyers step back in. Stay alert for signs of momentum shifting! Source: Bloomberg
Hannover Rueck – Higher Low Confirmed!
After an 18% consolidation since May, Hannover Rueck seems to be regaining strength. A first low formed in September, followed by a 12% rebound — a sign of buyers stepping back in. Recently, the stock retested the double support zone and confirmed a higher low, strengthening the case for a potential trend reversal and offering what looks like a second opportunity for momentum traders. Source: Bloomberg
DAX Index reaching major swing support zone!
Nearly 5% consolidation since the October high! A lot of stops have been triggered after breaking below 23,684, providing the fuel for a potential rebound toward new highs. The index is now entering a major swing support zone between 23,284 and 23,712 — keep an eye on price action in the coming days to confirm a possible low. Source: Bloomberg
