Bitcoin at demand zone
Bitcoin (XBTUSD) showed positive signs in May with a break above the last swing high, suggesting that the consolidation could be over. Yesterday's sell-off (-8%) reached a strong demand zone. Keep an eye on this level. Source: Bloomberg
Roche Very Positive Weekly Close
Roche (ROG SW) closed last week for the first time over its last swing high! This is the first confirmation that the bearish trend has changed. As a reminder, the stock has consolidated 47% since the April 2022 highs. Source: Bloomberg
Dax Index Reached First Support
The Dax Index has just reached support zone 17,876-17,982. This level is also a 61.8% Fibonacci retracement of the last swing. The level that mustn't break remains the swing low at 17,626. Source: Bloomberg
TotalEnergies Reaching Support Zone
TotalEnergies (TTE FP) is reaching its first support zone between 60.90-62.30. It is also at the 61.8% Fibonacci retracement level. Keep an eye on it. Source : Bloomberg
Vinci Testing Back Triangle Breakout Level
Vinci (DG FP) recently posted a new high, confirming once again the bullish trend. It's now retesting the lows of the latest swing. The 98.49 level remains the swing low that mustn't break. Keep an eye on the institutional demand zone between 98.49-103.28. Source: Bloomberg
Bitcoin Logarithmic Monthly Chart
With a logarithmic chart, it is sometimes easier to identify a trend. The trend has been bullish since the start of Bitcoin. It’s now testing again a major resistance level. Will it be able to breakout ? Source : Bloomberg
Psychology of candlestick in one image courtesy of Market Insights
Source: Market Insights
McDonald’s Back on Long-Term Swing Low
McDonald’s (MCD US) has consolidated 17% since the January highs. It's now testing a strong support zone between 245-250. Keep an eye on this level. Source: Bloomberg
