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By tradinglounge · Posted
CRM Elliott Wave Analysis Trading Lounge Daily Chart, Salesforce Inc., (CRM) Daily Chart CRM Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Intermediate wave (4) DIRECTION: Bottom in wave (4). DETAILS: We are reacting off TL3 at 300$, in what we labelled as wave (3) of Primary 1. We experienced a long term correction in wave IV which appears to be complete, and we are now looking for continuation higher. CRM Elliott Wave Analysis Trading Lounge 4Hr Chart, Salesforce Inc., (CRM) 4H Chart CRM Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave C of (4). DIRECTION: Bottom in wave C. DETAILS: We seem to have a three wave move so far in wave (4), with a sideways wave B which because of its characteristics it gives us additional confidence we could be in a corrective structure. Here's the latest on Salesforce Inc. (CRM) from our Elliott Wave Analysis Trading Lounge, examining both the daily and 4-hour chart. * CRM Elliott Wave Technical Analysis – Daily Chart* Salesforce is currently exhibiting behavior typical of a counter trend phase with a corrective mode and flat structure, positioned in Intermediate wave (4). The direction is indicating a potential bottom in wave (4). We've observed a reaction off the key level, TL3 at $300, which we have identified as wave (3) of Primary 1. Following a prolonged correction in wave IV, which now appears complete, the outlook suggests a potential continuation higher. * CRM Elliott Wave Technical Analysis – 4hr Chart* The 4-hour chart further supports the daily findings but focuses on the specifics of the ongoing correction in Wave C of (4). This phase is also characterized as counter trend, corrective, and flat. The chart shows a three-wave structure for wave (4), with a sideways wave B. The nature of wave B provides additional confidence that we are indeed in a corrective structure, setting up expectations for a bottom in wave C. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
Rising geopolitical tensions in the Middle East and expectations of higher US interest rates for longer have dampened risk appetite in financial markets. This led to a sell-off in Asian stocks, a strengthening US dollar, and further weakness in the Japanese yen to levels not seen since the mid-1990s against the dollar. European markets are expected to open sharply lower, with a focus on UK labour and wage data for clues on when the Bank of England may start cutting rates. Markets see August as most likely for BoE rate cuts to begin. The Federal Reserve is seen as unlikely to rush rate cuts after strong US retail sales data. Market pricing now sees less than two Fed rate cuts in 2024 instead of the six expected earlier. Safe-haven flows are boosting demand for the US dollar and gold amid Middle East tensions. China's GDP beat estimates but weak March data raised concerns about its economic recovery. UK employment data showed a rise in the unemployment rate for February, to 4.2%, while wage growth remained steady at 5.6%. -
Massa solution to blockchain trilemma of security, scalability and decentralization has gained significant widespread adoption hence the reason they now have over100 investors including Blueyard, TRGC, Andurance Ventures, Ariane Capital, Acequia Capital, and Numeus. The adoption of MAS is on a large scale recently with the listing on Bitget giving it additional exposure to over 25Million users.
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