My Thoughts on Current Markets-267

My Thoughts on Current Markets-267


When the 24600 support level was broken on the Nasdaq, we quickly found ourselves at 23800, with no clear break in the main trend. A zigzag movement is possible for 8-10 days. The movement range is below 23500, with a peak of 25000. We've entered a horizontal zone of the sharp rise. As long as the 22100 level is maintained in the medium term, my target is a 30000-32000 move.

The DAX support has been broken, and there's a possibility of a breakout from the US. Buying pressure is tolerable until 22500. Anything below is a cliff. Be cautious. We need to stay above 23600 to be able to say the price is turning upwards.

The ounce gold chart remains unchanged; the zigzags continue. At the top, 4200 is below 3850, and I believe the movement will continue within this range. As long as weekly closes above 4200 are not achieved, the horizontal selling band will remain.

The broad zigzag movement in silver continues. The probability of 70-80 will hold for a while longer before 54 is broken permanently. 44 is the key level below.

In Bitcoin, thanks to the MSTR expectation, we reached the channel bottom and generated a reaction. If this level holds, the movement will reverse upwards, and the key resistance level is 106, above which the movement may continue sideways without a weekly close. The 70-75 range is the key figure to watch closely for a major trend reversal. We can't say the bear has arrived without breaking this level, and also before 22100 is broken on the Nasdaq.

Ethereum is trying to hold on to key support. There will be a reaction, but 3750 needs to be broken to absorb the short-term decline. Then we will likely break through the previous ATH level as well.

Global selling pressure in the DXY has triggered a return to the dollar. The 101.70 level is important. If it doesn't break permanently, the decline will continue, this time breaking below the low. I expect 90 in the medium term and 84-82 in the long term.

There's no change on the Brent crude oil chart. Every sharp rise remains a selling opportunity, and movements within the range can be traded.

The EUR-USD chart remains within a bull flag. Below, the 1.14 peak is trading horizontally, with a 1.18 range. A sustained break above 1.18 is necessary for a clear upward reversal, then we can expect 1.23, 1.26, and 1.30.

They've crushed altcoins badly this period. Technicals still suggest there's hope, but capital inflows are still limited. Institutions have matured this market; the classic cycle is gone; maturity is disrupted. They will definitely invest in projects that benefit them. So, I'll be examining these for about a week. We have tokenization ETFs coming up. If we can break the 9% level, we could see some relief.

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.

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