Tesla’s stock has recently surged, reflecting a renewed synergy between CEO Elon Musk and President-elect Trump. The company’s valuation exceeded $1 trillion for the first time in over two years. Shares of the electric vehicle (EV) giant rose by 8.2% to $321.22. This rally was fueled by Musk’s endorsement of Trump’s campaign and expectations of regulatory advantages under the new administration.

How Musk-Trump Alliance Could Accelerate Autonomous Driving Advancements

Elon Musk, a vocal supporter of self-driving technology, could benefit if Trump assists entrepreneurs by addressing regulatory bodies. Garrett Nelson, a senior equity analyst at CFRA Research, highlighted the likelihood of a Trump administration implementing regulatory changes to support Tesla’s autonomous driving project. Such changes could reduce bureaucracy and grant Tesla a fast track to advanced features.

Trump, who has been a historical sceptic of EV incentives relating to energy policies, promoted Musk as a “super genius”, adding that, that would lead to cosy agreements in the case where Tesla’s invention becomes relevant to national priorities.

Additionally, Trump’s support may help delay or ease scrutiny from the National Highway Traffic Safety Administration (NHTSA) concerning Tesla’s Full Self-Driving (FSD) systems. The NHTSA had recently initiated an evaluation following reports of accidents in challenging visibility conditions, such as fog or glare. A delay in regulatory actions could allow Tesla to make refinements to its software without facing immediate penalties.

Tesla’s stock has risen 29% over the past week, adding a massive $230 billion to its market cap. Investors appear to view this political alignment as a unique opportunity for Tesla to push boundaries in autonomous driving, further strengthening its leadership in the EV sector.

Tesla Stock Chart Analysis

TSLA/SUD 15-Minute Chart

Reviewing the performance of Tesla shares in the chart above, we can observe a robust rally. Very recently, the price surged to over $320. The stock closed at $321.22, marking a massive rise of 8.19%.

The gradual rise of the stock indicates growing investor confidence. This confidence may stem from the prevailing market situation. It could also be attributed to new developments related to Tesla and its CEO, Elon Musk.

The stock recently reached a close maximum of $328.71 in the latest recorded session. This level could act as a significant headway. It is worth keeping a close watch on the resistance line. Breaking through this line might be challenging.

The Relative Strength Index (RSI) is currently 71.08, indicating that Tesla may be overbought. This high RSI suggests we might see a pullback or a period of consolidation as some investors take profits after the recent surge. Still, the trend remains bullish, with buying pressure supported by recent spikes in volume.

As we look ahead, there’s a good chance of continued volatility, especially with Tesla’s next earnings report coming up in 72 days. We’ll want to watch if the price retraces towards the $300 support level, where it previously consolidated.

If Tesla breaks past $328, we could see further upside, potentially driving the stock to new highs above $340. For now, we’re in a strong position, but should stay cautious of potential short-term corrections due to the overbought RSI and rapid recent gains.

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SoftBank Group should report a quarterly profit of around 287 billion yen ($1.87 billion), marking a significant rebound from its 931 billion yen loss during the same period last year. Favorable portfolio company listings and the strengthening yen against the dollar have largely driven this turnaround, boosting SoftBank’s stock price.

MST analyst David Gibson forecasts a $3.9 billion rise in investment profit for the quarter. Significant income came from the IPOs of two Indian companies: Brainbees Solutions, contributing around $0.9 billion, and Ola Electric, adding approximately $1 billion.

SoftBank’s AI Ambitions and Rising Investments Signal Bold New Moves

The market is eager to see if SoftBank, led by visionary CEO Masayoshi Son, will sustain its investment momentum, especially in artificial intelligence (AI). Son, who spoke about reserving tens of billions of dollars for significant future investments, recently increased SoftBank’s investment pace to $1.9 billion in the April-June quarter. This marks a considerable rise from $0.3 billion in the first quarter of 2023.

A particularly intriguing development is SoftBank’s exploration into AI chip production, potentially positioning itself as a competitor to Nvidia. This could involve leveraging its 90% stake in the chip designer Arm, possibly through a partnership with recently acquired chip manufacturer Graphcore.

In a recent quarter, SoftBank made an Arm licensing deal worth $43.2 million. This move could support its broader AI ambitions. Analysts are closely monitoring these strategies. They could reshape SoftBank’s portfolio and influence the AI market.

SoftBank Stock Chart Analysis

SFTBY/USD 15-Minute Chart

Looking at Softbank Group Corp (SFTBY) stock on this 15-minute chart, we can observe the unfolding of some exciting dynamics. The stock is currently at $30.37, which is, in fact, a small increase of 0.10%.

A strong resistance at $31.70 has prevented further upward movement, while the nearest support is around $28.51. The stock’s slow movement suggests it is in a consolidation phase. Investors should prepare for either a breakout or a breakdown.

The RSI indicator stands at 46, indicating neutral momentum. We’re not quite in the oversold territory, which would suggest a buying opportunity, nor in the overbought range that might signal a sell. When the RSI dips below 30, it indicates a potential buying opportunity. Conversely, when the RSI moves above 70, it suggests the stock might be overextended.

In the short term, if there is a breakout above $31, this might bring out a bullish feeling with the targets being higher. On the other hand, if the stock dips below $28.51, the downtrend could still be unchecked.

We will want to check the volume to verify either a breakout or a breakdown as the strong volume would increase the confidence to move. Maybe it’s time to watch SFTBY very closely to determine whether the price will go up or down.

The post SoftBank Stock Reports $1.87B Profit Boosted by AI appeared first on FinanceBrokerage.

Nvidia being included in the Dow Jones Industrial Average (DJIA) is a major success factor for the company and signifies its growing influence in the tech sector, as well as its recognition as a solid, blue-chip stock. This change, which will occur on November 8, 2024, will displace Intel and introduce Nvidia in the DJIA, as announced by S&P Global on November 1.

A recent 10-for-1 split of Nvidia’s stock, designed to make its shares more accessible, was the reason this stock was able to lower the stock’s weight on the DJIA and thus facilitate this move.

AI Demand Drives 910% Stock Surge

This inclusion comes as the latest evidence of Nvidia’s quick AI success in the wake of its sales boom and high stock value. Nvidia has seen its shares jump by a remarkable 910% over the past two years, with a 174% increase from the beginning of this year. The last fiscal results of the company show that it has been very successful, with gross income rising by 270% just in the first six months of the 2025 fiscal year.

Nvidia, with its market capitalisation of $3.34 trillion, is the second most valuable company in the world, just a tiny bit away from the leader Apple. Although the demand for its revolutionary Blackwell AI chips is vividly high, the company has remained on the production schedule set for a year. This pickup in growth from time to time as well as the good news of Nvidia’s upcoming earning report, make the company a centerpiece for investors and, at the same time, cement its position in the DJIA.

Nvidia’s Stock Chat Analysis

NVDA/USD 15-Minute Chart

According to NVIDA’s recent price movements, the company is still resilient. On November 6, the share is being traded around $139.91. The price, which almost reached $132.12 through the end of the previous month, has then started to rise and give us a recovery. Additionally, we saw the price actually testing the resistance around the level of $139.95.

This climb may actually be a positive result of the changing sector sentiment, especially with the approaching of the Dow Jones Industrial Average inclusion in Nvidia on November 8. The structural renovation will sharpen interest, and people will receive it well. However, we should also always obey the divergence expectations of many funds. These funds work with indexes like the S&P 500 and not just the DJIA.

Key Levels and Earnings Insights Ahead

We observe that the RSI is at about 58, thus chain is neither struggling badly from overbuying nor unbearably suffering from overselling. Buying power staying high for Nvidia would mean an upward step towards $143.64. This is the stock circle’s equivalent of a louder, bullish voice if it happens. This scenario or investors’ high expectations regarding Nvidia’s fourth quarter fiscal year 2025 earnings release.

Looking forward, we’re aware that Nvidia’s strength in AI is a driving factor, with intense demand for its Blackwell AI chips, which are reportedly fully booked for a year. If Nvidia’s earnings reflect continued growth in this area, it could provide an additional boost to the stock. However, we should remain mindful of potential profit-taking if the stock nears overbought levels in the RSI or if broader market conditions introduce volatility.

NVIDIA’s earnings report, expected to be out soon, as well as information on the company’s progress in AI technology, will probably give you the idea. In case of positive results, the momentum will drive the rally up.

Do not forget to place stop-loss levels so that you can manage the possibility of the downside in the event of the market being volatile.

The post Nvidia Stock Rises with DJIA Inclusion & AI Driving Growth appeared first on FinanceBrokerage.

Overall Analysis

Gold breaks the long-term supporting trendline and sustains below it. Previous buying swings are still intact. 
Silver fell sharply on 6th Nov trading session, currently moving sideways, trying to hold level. 

Gold Chart Analysis 

Gold/USD 15-Minute Chart (Source: TradingView)

On the 6th Nov 2024 trading session, gold broke the major supporting trendline and made a low of $2,652. Price continued falling, making a new low of $2,643 on 7th Nov and moving in a zone creating volatility. 

On a daily time frame price was moving in an upward channel where it was moving up while creating swings. Furthermore, as the market broke the supporting trendline, previous swing lows are still intact; the price will face heavy selling once it breaks the $2,604 level and sustains below it. 

Currently, the price is moving in a channel with support at $2,648 and resistance at $2,675. Gold recently made a new all-time high and has since reversed from the higher levels. This can be a distribution zone where more profit booking can be seen. 

There are a few entry triggers:

If the price breaks the support level of $2,648 and sustains below it, sellers can plan an entry. The stop loss should be set above the previous swing high, with targets at $2,636 and $2,617.
Currently, the price is moving in a trendline between support and resistance. If the price breaks below the trendline and holds, sellers can create a position with a stop loss placed above the previous swing high and a target set at $2,648.

Silver Chart Analysis 

Silver/USD 15-Minute Chart (Source: TradingView)

On the 6th Nov 2024 trading session, Silver broke the major support level and fell sharply around -4.5% and made a 30.816 low. Furthermore, after a sharp fall and high volatility market continued its movement in a sideways direction on 7th Nov. 

On the daily timeframe, the price can be seen breaking its long-term channel and falling sharply, but previous swings are still intact. More selling will trigger once the price breaks the 30.250 level and sustains below it, as it will change the uptrend into a downtrend. 

Currently, the price is moving in a tight zone where 31.2 is acting as resistance and 30.9 as support. After a sharp fall, the price is taking a halt at this level, and there are few entries one can follow to make an entry. 

If the price breaks the 30.920 level and holds below it, sellers can plan an entry with a stop loss placed above the previous swing high and targets set at 30.250 and 29.877.
If the price breaks the 31.230 level and holds above it, buyers can plan an entry with a stop loss placed below the previous swing low and a target of up to 31.599.

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Trump Media & Technology Group (DJT) stock rose by as much as 25% on Wednesday after Donald Trump’s victory over Kamala Harris in the US presidential election had been announced. Although the stock experienced significant fluctuations throughout the day, it eventually ended the day positive by approximately 6%, despite a number of trading halts caused by the high levels of activity.

The Associated Press announced that Trump won the election by getting Wisconsin, which enabled him to reach the 270 electoral votes mark required to return to the White House. By virtue of this victory, Trump not only became the 45th president of the United States but also the 47th president, which is a unique feat that spurred renewed investor interest in his social media company called Truth Social and related technology projects.

Trump’s Election Win Sparks DJT Stock Surge

When we look at the price of $36 per share, DJT has the market capitalization of the company amounting to $7.2 billion, while Trump’s approximately 60% stake now represents a value of $4.3 billion, a $500 million increment on a single trading day. Through the expanded evening trading on Tuesday came when Harris’s road to a win had narrowed. The stock soared as early as Wednesday morning, just after Trump declared victory.

DJT’s stock has experienced a dramatic week by going to a high of a double-digit rise on Monday only to drop a few points after considerable fluctuations that led to the temporary suspension of trading. After Facebook and Twitter suspended his accounts following the Capitol riots on January 6, 2021, Trump set up his own version of Twitter, Truth Social.

Though he was brought back, his first post on X came only in the middle of August after Twitter’s rebrand as X. Trump’s Electoral success, combined with Truth Social’s probable political power at the negotiation table, now makes DJT one of the most interesting guys to keep an eye on in the current cycle.

DJT Chart Stock Analysis

DJT/USD 15-Minute Chart

On the 15-minute chart for Trump Media & Technology Group Corp. (DJT), we’ve witnessed a highly volatile movement over the last few days. The stock spiked to a high just short of $54.68. Reports suggest this increase was due to election news. When the price began to decline, excess selling was the primary cause. This brought the stock down to $36.00, where it is currently trading.

There was a clear drop in price on October 30, but then the situation stabilized and we were hovering around the $30 level, which looks like an important support zone. This area was a magnet for buyers, propelling a rally to almost $40 by November 5. Yet, the ensuing purchasing activity was rather transitory, and the stock siphoned back to about $36, the level which reminds of some indecisiveness of the market participants.

The RSI is currently at 50, which neither tells us the stock is in an overbought nor in an oversold phase. The neutral stance indicates that the market is waiting for greater clarity.

DJT cracking above the $40 line might also cause a new bullish run. On the contrary, a breakdown of $30 may be a sign of further decline to come. We are monitoring ongoing political matters like that of DJT because they are likely going to be the keys to DJT’s next actions.

The post Trump Media Group Stock (DJT) Surges 25% as Trump Wins appeared first on FinanceBrokerage.

Overall Analysis

Bitcoin reached a new all-time high for the second consecutive trading session, continuing to fuel upside momentum.
Ethereum successfully broke through its strongest resistance. Will it continue to rally further?

Bitcoin Chart Analysis

BTC/USD 15-Minute Chart (Source: TradingView)

On November 6, 2024, during the trading session, Bitcoin hit a new high of $76,004 and showed a strong upward move. However, the market was highly volatile, making it challenging for traders due to the ongoing US election. The market was choppy in the first half, with significant swings.

On an hourly time frame, prices are currently moving up within a channel. The RSI is in the ideal zone, making it favourable for accumulation. At the current level, the price is taking support and attempting to move higher.

On a 15-minute time frame, clear swing formations are visible. The price is currently moving within a rising wedge pattern and taking support from the trendline. When the price forms such a pattern, it can facilitate trading entries for traders.

If you’re looking for an entry trigger, consider the following:

If the price takes support from the trendline, entry can be made targeting the resistance trendline, with a trailing stop below the previous swing low.
If the price breaks below the trendline and sustains under $74,318, a sell-side entry could be made with a stop loss above the previous swing high and a target of $71,574.

Ethereum Chart Analysis

ETH/USD 15-Minute Chart (Source: TradingView)

On November 6, 2024, Ethereum surged upward, reaching its resistance level. The price is rising, supported by the trendline, and has successfully broken through the strong resistance zone of $2,774 to $2,719.

On a daily time frame, the crypto giants’ price has broken through a strong zone where it has been consolidating for the past 5 months. The daily price has not closed above $2,774 yet. If it sustains above this level, more buy-side opportunities may arise daily, potentially turning Ethereum’s sideways trend into an uptrend.

Currently, on the 15-minute time frame, the price is moving up, supported by the trendline, though it faces rejection near $2,821, a resistance area. Entry triggers are available from the 15-minute to daily time frames. Here are some triggers to consider:

If Ethereum closes above $2,774 on the daily time frame, positional traders could consider an entry. They should place a stop loss below the breakout candle and aim for a 1:2 minimum target.
If the price breaks the supporting trendline on the 15-minute time frame and closes below $2,719, a sell-side entry could be made. Furthermore, Traders should set a stop loss above the previous swing high, with a target of $2,422.
If, on the 15-minute time frame, the price takes support on the trendline, a buy-side entry could be made on the rejection candle. This entry should have a stop loss below the previous swing low, with targets at $2,924 and $3,000 levels.

The post Bitcoin Hits All-Time High, Ethereum Breaks Key Resistance appeared first on FinanceBrokerage.

Overall Analysis

Oil turned out to be highly volatile on the 6th of November session, closing near the opening price, currently testing the previous swing.
Natural Gas went up by +4% on the 6th of November trading session. The price is currently in a zone, with the uptrend remaining intact after the election.

Oil Chart Analysis

Oil/USD 15-Minute Chart (Source: TradingView)

On the 6th of November 2024 trading session, Oil turned out to be highly volatile as the market showed a sharp fall in the first half of the trading session but sharply reversed after making a day low of 69.74 and closing near the opening price. Initially, Oil was down by more than -3%.

Currently, in the 1-hour time frame, the price is moving upwards with swing creation. Oil is holding at higher levels as the previous swings are intact, and the 6th of November fall failed to break the previous swing low.

The price on the 15-minute time frame is testing the 0.5 fib retracement level of the previous swing. Hence, the price came down sharply, taking RSI into an oversold scenario. There are multiple entry triggers that can be used to create a position.

If the price fails to sustain above the 0.5 fib retracement level, then the seller can plan an entry with a stop loss above the previous swing high and a target up to the 70.42 level.
If the price reverses from the 0.5 fib retracement level and breaks the resistance trendline, then a buy-side entry can be made with a stop loss below the previous swing low and a target up to 72.50.

Natural Gas Chart Analysis

Gas/USD 15-Minute Chart (Source: TradingView)

On the 6th of November 2024 trading session, Natural Gas was strongly sideways in the first half but gave a breakout and reached nearly the +4.3% mark. Currently, the price is forming a peanut pattern-like structure.

Looking at the price on a daily time frame, there is a formation of a double bottom pattern, where the price shows a strong reversal from the previous swing level. Natural Gas is a bit sideways on the daily time frame. The price will show momentum once it breaks the 2.9010 level.

In the 15-minute time frame, the price currently moves in a peanut pattern, with a higher chance of breaking to the upside due to the ongoing uptrend. Traders can use a few entry triggers to plan an entry in Natural Gas.

If the price breaks the resistance trendline and closes above it, then one can enter with a stop loss below the previous swing low and a target up to 2.9010.
If the price reaches the supporting trendline and shows a reversal, plan an entry with a stop loss below the previous swing low and a target up to the resistance trendline.

The post Oil Breaks Key Pattern: Oil Volatility & Natural Gas Surge appeared first on FinanceBrokerage.

The S&P 500 proved to have a track record of setting records, this time by a 0.8% increase, made possible by the willingness to boost the stock prices and major indexes of the Federal Reserve. The Nasdaq surged 1.5%, while the Dow Jones Industrial Index barely moved from its Wednesday rally, staying nearly equal to its previous value.

The Fed stabilised the economy by trimming rates by 25 basis points, a move market participants expected following September’s larger 50 basis point cut. Chair Jerome Powell emphasised that the Fed relies on data to guide its decisions and may adjust policy up or down based on economic results.

Strong Growth Amid Fed’s Active Rate Cuts

Although the Fed is using a little different language on inflation, replacing “further progress” with “progress” alone still, analysts were imperceptible.

Goldman Sachs considered the wording change as a ratification of the fact that the rate-slashing process is underway rather than as a signal of a lack of confidence. Inflation is still a bit above the Fed’s 2% target, albeit it did some small cooling in September.

Analysts forecast that the S&P 500 will perform better in the future and that fiscal policies will serve as a catalyst for the creation of a better business climate. Evercore ISI’s forecast says that the index may peak by me-de next year based on the fact of rumours and investors’ optimism around the business-friendly environment, including low taxes and lessening of regulations in the current administration.

Powell further commented on the recent election, which he said would not affect Fed policy in the short term. The monetary authority focuses on economic factors rather than political matters. Overall, the S&P 500 leans toward a possible rise as market sentiment improves with policy easing and positive business forecasts.

S&P 500 Index Chart Technical Analysis

SP/USD 15-Minute Chart (Source: TradingView)

The chart displays a 15-minute snapshot of the S&P 500 Index (SPX) in the previous days. Nevertheless, the index, which plummeted in the period of October 30 to the start of November, witnessed a major upturn around November 5. The new increase brought about a sharp upward dynamic by the consecutive green candlesticks which represented buying pressure that made the price climb to a recent high point of 5,983.84.

The Relative Strength Index (RSI) appears at the lower end of the chart and actively demonstrates the upward trend. Its values have grown significantly, reaching 70, indicating that the index is overbought. This overbought measurement is usually a red flag, showing the possibility that the index will pull back or consolidate near-term as sellers who brought the stock to this high level may exit the market.

Traders should observe if the index will be centred at the current level or if it will fall back to $5,900 or lower support zones.

All in all, although the trend is still going up, it is important to be cautious because of the overbought RSI and the recent high test.

Take your profits on your current positions or put close-stop losses on your profits, as the fallback maybe soon. People entering should be patient and wait for favourable support at the 5,900 level to have a better entry point.

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Nvidia stock soared by 5% on Wednesday, reaching a new record high of $146.47, with the company’s market value being $3.58 trillion. With this increase thus, Nvidia is now the world’s most valuable company, beating Apple whose market value is now around $3.38 trillion. This landmark event demonstrates that Nvidia is back at the top of the valuation list for the first time since late October.

The recent up spike is a part of the larger technology rally in the sector. Nasdaq 100 till now increased by nearly 3% after the victory of Donald Trump. Nvidia went up at an incredible rate, much faster than Apple’s, which increased by 0.12% in the midday. Microsoft is the third company to reach this level, with a market capitalization of $3.12 trillion.

AI Leader Nears $4 Trillion Valuation

Nvidia’s stock success has been really incredible, more so since the ChatGPT release two years back. The firm has become the main supplier of AI-optimized GPU chips, and as a result, Nvidia has increased almost $3.2 trillion in its market cap with the stock climbing by approximately 800% during that period.

Wall Street remains optimistic about Nvidia, with some analysts predicting the company could reach a valuation of about $4 trillion. Bank of America, however, is the only financial institution to have increased its rating on Nvidia to $190 through a price target, thus calling it a “generational opportunity” as the company persists in its AI dominance.

Moreover, Nvidia is going to be added to the Dow Jones Industrial Average, replacing Intel, by Friday. Coming in from the quarter’s results on November 20th, the whole world will be gaping at the tech giant as to whether or not it has the capacity to maintain its high growth.

Nvidia Stock Chart Analysis

The NVIDIA (NVDA) 15-minute chart shows contradicting trends lately.

Most interestingly, on the 30th and 31st of October, the price sharply fell, followed by a dip of around 132.12, which turned out to be a major positive factor. The stock has recovered so powerfully. Hence, it can be seen. During the last few trading sessions, the stock price of NVIDIA has been increasing, hitting a high mark of 146.22 on November 7th.

The RSI, or Relative Strength Index, is presently sitting at about 64.30, below the overbought threshold of 70, and it thus indicates that the latest bullish trend may have room for more but may also be near a resistance level. The last topping RSI was at 76.09, which is a sign of overbought conditions that usually serve as a warning of an impending pullback or a consolidation phase.

From a technical perspective, the market has had a few minor setbacks, but the stock is still in an upward trend of short-term nature. A successful break over 146.22, together with strong volume, would mean more upside is possible.

Conversely, if such a trend is stable within the slice at a lower RSI level, it may indicate a possible consolidation phase or a small decrease.

The post Nvidia Stock Hits Record High of $146.47 appeared first on FinanceBrokerage.

Overall Analysis

Bitcoin, at a record high of $76,825, continues its rally upwards for a second consecutive day. The price is currently in a strong uptrend. 
Ethereum successfully closed above major resistance, rally seems to continue towards the upside. 

Bitcoin Chart Analysis 

BTC/USD 15-Minute Chart (Source: TradingView)

On the November 7th, 2024 trading session, bitcoin marked a record all-time high of $76,825. Currently, the price is moving in an uptrend, making a higher high higher low pattern with previous swings still intact. 

After breaking a strong resistance on October 28th 2024, the price gave a retest and has continued making green candles since the last three trading sessions. RSI has just crossed the 70 mark, indicating an overbought scenario. The price needs to cool off, creating a halt area near an all-time high so as to continue with an upside rally. 

Currently, on 15 15-minute time frame price is moving upside down in a higher high and higher low formation. Stong support can be seen taken from the supporting trendline. Such price action makes it easy for traders to plan an entry. 

If you are looking for an entry trigger, then there are a few mentioned below. 

If the price bounces back from the supporting trendline with a rejection candle, then buyers may consider entering with the stop loss below the previous swing low and target till $76,800 level.
If the price closes below the supporting trendline and creates few halt candles, then sellers may consider entering the trade with a stop loss above the previous swing high and target for $74,318 and $72,500 levels.

Ethereum Chart Analysis 

ETH/USD 15-Minute Chart (Source: TradingView)

On the November 7th, 2024 trading session, Ethereum successfully closed above the strongest resistance zone and continued moving upwards while taking support on the trendline. If the price successfully sustains above $2,774 for more than 2 to 3 days, then the price can be seen moving up sharply. 

Price has successfully closed above the $2,774 level on the daily time frame. Price needs to take a halt at this level so as to further continue the rally. Once the price breaks, the halt area positional trader may consider entry for long-term returns. 

Currently, on the 15-minute time frame price can be seen moving upwards while taking support of the trendline, price facing rejection from the $3,924 level. 

If you are looking for an entry trigger, there are a few: 

If the price rejects from the supporting trendline, then buyers may consider entering a trade with a stop loss below the previous swing and target till $3,013
If the price closes below the supporting trendline, then sellers may consider entering the trade with a stop loss above the previous swing high and a target of $2,820

The post Bitcoin Hits $76,825; Ethereum Breaks Key Resistance appeared first on FinanceBrokerage.