Global Markets Affected by Cryptocurrency Volatility
- Bitcoin Plunge: Bitcoin's value dropped to $86,000 within 24 hours, validating the short sellers at $98,000, highlighting extreme market volatility and investor panic.
- Economic Data Releases: On January 27, crucial earnings reports from Boeing and other US giants are set to be released, likely impacting market sentiment, especially with the consumer confidence index expected to rise.
- Fed Policy Impact: The FOMC interest rate decision and Powell's statements on January 28 may lead to further declines in cryptocurrencies, particularly given disappointing employment data and persistent inflation.
- Trump's Tariff Threats: Trump's ongoing hints at potential 100% tariffs on certain countries create uncertainty, leaving global markets on edge and investors concerned about future market dynamics.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.061 | 0.0687 | 0.0778 | 0.0855 | 0.0946 | 0.102 | 0.111 |
| Fibonacci | 0.0687 | 0.0751 | 0.0791 | 0.0855 | 0.0919 | 0.0959 | 0.102 |
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