-
-
Posts
-
By tradinglounge · Posted
CAT Elliott Wave Analysis Trading Lounge Daily Chart, Caterpillar Inc., (CAT) Daily Chart CAT Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: ZigZag POSITION: Minuette wave (iv). DIRECTION: Bottom in (iv). DETAILS: Looking for a bottom in minuette wave (iv) as we have reached 0.618 c vs. a and equality stands at 313$. CAT Elliott Wave Analysis Trading Lounge 4Hr Chart, Caterpillar Inc., (CAT) 4Hr Chart CAT Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: ZigZag POSITION: Wave c of (iv). DIRECTION: Bottom in c. DETAILS: Looking for a bottom in c, you are looking at 0.618 (iv) vs. (ii) at 322$, which is often times a respected ratio, followed by equality. Welcome to our latest Elliott Wave analysis for Caterpillar Inc. (CAT). This analysis provides an in-depth look at CAT's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on CAT's market behavior. * CAT Elliott Wave Technical Analysis – Daily Chart* In our Elliott Wave analysis of Caterpillar Inc. (CAT), we observe a counter-trend corrective pattern characterized by a Zigzag structure. CAT is currently positioned in Minuette wave (iv), indicating a potential bottom in this corrective phase. The analysis shows that CAT has reached the 0.618 Fibonacci retracement level of c vs. a, with the equality level standing at $313. Traders should monitor this key support area for signs of a reversal, which could signal the end of wave (iv) and the start of a new upward move. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
The crypto sphere is abuzz with the emergence of io.net, a groundbreaking project that promises to redefine the way we interact with the decentralized web. This innovative platform has caught the attention of industry giants, securing a coveted listing on the rapidly ascending Bitget exchange. At the forefront of Web3 development, io.net aims to revolutionize the internet by decentralizing its core infrastructure. By leveraging cutting-edge blockchain technology and a robust ecosystem of decentralized applications (dApps), io.net empowers users to regain control over their data, privacy, and digital identities. The project's native token, IO, serves as the fuel powering this decentralized ecosystem, facilitating secure transactions, incentivizing network participants, and enabling a wide range of use cases. With its listing on Bitget, a leading cryptocurrency exchange renowned for its user-friendly platform and robust trading tools, io.net is primed to reach a global audience of investors and enthusiasts. But the excitement doesn't end there. io.net has partnered with PoolX, a pioneering decentralized exchange (DEX) protocol, to launch a highly anticipated event that promises to unlock a world of opportunities for the crypto community. The PoolX event offers a unique chance for participants to contribute to the growth and development of io.net's ecosystem. By staking their IO tokens, users can earn attractive rewards and gain early access to exciting new features and applications within the io.net universe. This collaborative effort between io.net and PoolX showcases the power of decentralization and community-driven innovation. By leveraging the strengths of both platforms, participants gain unprecedented access to the cutting-edge of Web3 technology, positioning themselves at the forefront of the decentralized internet revolution. As the world continues its relentless march towards a more open, transparent, and user-centric digital landscape, projects like io.net and initiatives like the PoolX event represent a beacon of hope for those seeking to reclaim their digital sovereignty. With its listing on Bitget and the PoolX event on the horizon, io.net stands poised to usher in a new era of decentralized innovation, empowering users to shape the future of the internet and embrace the boundless potential of Web3. -
Asian stocks were cautious on Tuesday as investors assessed the political uncertainty in Europe after right-wing gains in elections and a potential snap poll in France, raising concerns over the cohesion of the European Union. The euro, French stocks, and government debt were impacted by the possibility of the far-right National Rally winning the potential snap election in France, although without a clear majority. Markets had a muted reaction to Apple's AI strategy announcement, with the company's shares declining slightly in after-hours trading. US stock futures edged lower, with markets proving resilient despite the jump in US yields and diminished prospects for Federal Reserve rate cuts this year after the strong jobs report. The Federal Reserve is expected to keep interest rates unchanged at its upcoming policy meeting, with the focus on whether it maintains projections for three rate cuts in 2023 or reduces it to two. The euro steadied after hitting a one-month low against the U.S. dollar, while the Japanese yen remained weak, raising expectations of potential bond-buying tapering by the Bank of Japan. Oil prices consolidated after a 3% rally, with expectations of strong summer demand and potential US crude purchases for its petroleum reserve.
-
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now