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14.01.2025

Tezos (XTZ) has declined slightly by 0.2% this week, trading at $1.249, following Bitcoin’s (BTC) drop to $89,158, which triggered widespread altcoin sell-offs due to concerns of a potential further decline in BTC to $80,000. However, Bitcoin managed to hold above the critical support level at $89,000-$91,000, offering some relief to the broader crypto market.

Speculation about a shift in U.S. trade policy has provided additional support to crypto assets. Reports suggest the new U.S. administration may pursue a gradual increase in tariffs rather than an abrupt hike, which could help alleviate inflationary pressures and lead to a less aggressive monetary stance from the Federal Reserve.

This development is a positive signal for the cryptocurrency market and may help Tezos maintain its position above the key support level of $1.200.

09.01.2025

VeChain Is Suffering on Rising Borrowing Costs

VeChain (VET) has fallen 12.7% this week, trading at $0.0445, underperforming the broader cryptocurrency market. Bitcoin (BTC), the leading cryptocurrency, has declined by 5.6% to $93,220, with bearish momentum building as it approaches key support at $89,000-$91,000. This decline is largely attributed to tightening monetary conditions in the United States, which continue to weigh on risk assets. Investor confidence is further shaken by significant net outflows from spot BTC-ETFs, which lost $583 million on Wednesday, marking the second-largest single-day outflow on record.

If BTC falls below the critical support level of $89,000-$91,000, VeChain is likely to extend its losses, with prices potentially declining another 10% to $0.0400. A sustained drop in BTC could push VET even lower, towards $0.0300. Conversely, a strong rebound in BTC prices to the $100,000 level could drive VET back up to $0.0500, representing a recovery of approximately 12% from current levels.

14.01.2025

Merck Becomes Interesting to Be Added to a Portfolio

Merck & Co (MRK) stocks have shown signs of becoming a compelling buy opportunity. Over the past six months, the stock has been in a downtrend, declining 29.8% to $94.50 per share. However, since mid-November, MRK has demonstrated a reversal of momentum, rebounding by 10.0% to reach $104.87 on December 5. Following a brief pullback and consolidation period, the stock has retested the downtrend resistance and appears poised to continue its upward trajectory.

With prices currently positioned to target $110.00, this represents a potential 9-10% upside from the present levels. Setting a stop-loss at $93.50 aligns with a prudent risk management strategy, providing protection against further downside while allowing for upside potential. The recent consolidation phase further supports the case for a breakout, making this an attractive moment to consider initiating or adding to a position in MRK.

23.01.2025

Ontology Is Sliding Towards $0.2000

Ontology (ONT) is down 2.3% this week, trading at $0.2176, in line with the broader crypto market where Bitcoin (BTC) has declined 2.0% to $101,632. While the new U.S. administration has made some strides toward fairer crypto regulation, Donald Trump has remained silent on the highly anticipated issue of adding Bitcoin to U.S. federal reserves.

Market speculation is rampant, with figures like BlackRock CEO Larry Fink suggesting Bitcoin could surge to $700,000 per coin if sovereign wealth funds begin accumulating. Other forecasts predict Bitcoin reaching $250,000 by year-end. While such projections could foster optimism, the lack of decisive action or announcements regarding U.S. crypto reserves is weighing heavily on the market.

For Ontology, the situation remains bearish. Having breached the critical support at $0.2500 last week, the token is now approaching the $0.2000 level. A failure to provide clear evidence or statements about U.S. federal crypto reserve plans could see ONT fall even further, breaching the $0.2000 mark and deepening its losses.

16.01.2025

Delta Is Taking Off To Update Its Highs

Delta Air Lines stock rose markedly by low double digits in the first ten days of the new year. The U.S. carrier has served more than 200 million customers in 2024, when it was also recognized by J.D. Power, a leading American data analytics and consumer intelligence company, for being No. 1 in First/Business and Premium Economy Passenger Satisfaction. Travelers became more willing to spend extra money for swanky seats when meeting a high level of service. Delta is just positioning itself as the nation's premium airline. And what's more important, its Christmas quarter's earnings reportedly surpassed average analyst pool projections. Driven by stronger travel demand, smart financial management and capacity discipline, Delta business provided last three-months' profit of $1.85 per share vs $1.28 at the same period one year ago, compared to $1.75 in consensus estimates. On January 10, the airline industry leader put its future profit levels within a range between $0.70 and $1 per share in the current quarter through the end of March, while analyst expectations were focused on $0.77 cents, according to data compiled by LSEG. The starting months of each year always perform worse. It is clear that all carriers made losses in the Covid years of 2020-2022, but Delta profits only recovered into a range from $0.25 to $0.45 in the first quarter of 2023 and 2024, respectively, but Q1 profit numbers varied from $0.75 to $0.96 even in the three blessed years before the pandemic. Delta added that it is forecasting annual earnings in excess of $7.35 a share, which would be the highest in its 100-year history, based on its planned revenue growth of 7% to 9% in the March quarter from a year ago. The announcement could be compared to an adjusted profit of $6.16 a share in 2024. The company happily breaks through ticket prices' rising effects, almost undisturbed by a reduction in airline seats in the domestic market, which was peculiar for most carriers. Thus, new expectations created a fertile ground for setting new price records, even though price movements on Delta charts look most convincing among its other American rivals.

By the way, Citigroup analysts freshly updated their outlook on Delta Air Lines shares to raise their price target to $80 from the previous $77, vs the actual range around $65 per share where the stock just came after a reasonable market correction from last week's and all-time highs. Citigroup said it has included factors like higher revenue per available seat mile, projections of slightly lower fuel prices, increased taxation, a minor rise in share count, and the incorporation of fourth-quarter 2024 results into their financial model, which has projected Delta's profit at $7.49 per share in 2024 and $8.72 in 2025. Delta shares are Buy-rated at Citi, and we agree with their positive estimates in general, while keeping in mind even better price goals somewhere between $82.5 and $85.

Rafael Quintana Martinez

Money Manager de alto rendimiento, con una sólida formación académica, profesional y de campo. Más de 9 años de experiencia especializada en el comercio de mercados financieros internacionales. La devoción, la fiabilidad, la responsabilidad y la ética impulsan mi vida. Actualmente me desempeño como Analista Senior para Metadoro. https://metadoro.com/es https://mx.investing.com/members/contributors/235587671/ https://es.tradingview.com/chart/EURUSD/rE9gVips/

02.12.2024

Bitcoin Is Struggling to Surpass $100,000 Milestone

Bitcoin (BTC) is down 3.0% this week, trading at $94,980, while Ethereum (ETH) is declining by 3.4% to $3,577, signaling that the recent growth wave may be losing momentum. However, Bitcoin still has potential to reach the psychologically significant $100,000 mark, supported by continued upside in certain altcoins like Dash (DSH), which surged by 46.0% over the weekend.

On the downside, Bitcoin’s rally is burdened by extensive margin trading, which adds selling pressure and drags prices lower. Despite ambitious targets of $150,000-200,000 per coin captivating investor interest, these mind-boggling projections could lead to adverse outcomes. Retail investors, driving prices higher with speculative enthusiasm, risk triggering a correction. This increases the likelihood of a pullback to the key support range at $75,000-80,000 as the market grapples with overleveraged positions and heightened volatility.

BTCUSD

3817

Bash

29.11.2024

The Yen-Related Move Is Gaining Momentum

US holidays, with an early close of equity markets, briefly shifted the focus into currency trading. The Yen-related pairs topped the charts, following the Bank of Japan's gradual retreat from low interest rate policy. Japanese central bankers' retreat from several decades of their ultra-simulative stance is clearly at odds with the start of cutting borrowing costs in almost every other part of the world. Lower rates in Dollars, Euros, British pounds etc are eagerly awaited, while the Bank of Japan is signalling to raise its short-term rates from the current 0.25% after lifting its previous bond yield cap and tapering its bond purchase program. As a result, USDJPY got a negative slope and even ducked under the major psychological support line at 150 in the early morning hours of Friday. I think it could fall down faster, but the country's new PM Shigeru Ishiba wants to spend nearly 14 trillion yen, an equivalent of more than $90 billion, for a package of special measures to balance the social damage from rising living costs. It is going to be funded by a supplementary budget legislation to be launched just before the end of this week. This would create more public debt pressure for Japan's financial system. The debt is now exceeding 1,100 trillion yen, being the biggest percentage burden among advanced nations compared to the size of its economy, and the further moves on exit from zero rates increases the cost of serving this stratospheric debt. Japan will spend approximately 27 trillion yen, or nearly 25% of its annual budget, on debt-servicing costs.

Such considerations are constraining the pace of national currency's strengthening, yet it is going on with varying success in all Yen-related pairs like EURJPY, GBPJPY as well. However, AUDJPY is probably the crowd's next favourite in short positioning, as the pair just had its previous support levels around 100 freshly broken only a couple of days before, with a huge space for further sliding below. The Reserve Bank of Australia is later than other regulators in launching its own version of a rate easing cycle. It is going to start the dovish steps only in May 2025, according to the bank officials' hints and many analysts, citing a resilient employment curve and rather steady business conditions. Markets would probably see only two or three 0.25% reductions during the next 12 months in Australia. The cash rate is at 4.35%, after additional raising above 4% in June 2023, yet softer-than-expected consumer price indications in the recent month and some softening in the labour market may form the ultimate driver for the Reserve Bank of Australia to open the door to an early 2025 easing.

As spring may come early or late, but it is going to come in several months anyway, so that interest rate cutting would touch the Australian Dollars' value some sooner or later as well. Rate cutting is an overall trend in the whole community of developed economies, which are all interconnected and extremely interdependent, and so I think the market sentiment of buying the Japanese Yen against other reserve currencies will push AUDJPY to go down, targeting at a 93-95 range for the beginning. Again, all pairs containing Japanese Yen are usually very well synchronized. My basic scenario for the next week already is further accelerating their move down, led by the growing inertia momentum technically, while keeping in mind lower goals fundamentally. Looks like a good opportunity for short-term bets.

AUDJPY

4594

Rafael Quintana Martinez

29.11.2024

Cardano Is Signaling a Possible Correction

Cardano (ADA) is up 4.7% to $1.06550, outperforming the broader market as Bitcoin (BTC) edges down 0.6% to $96,233. In November, ADA has surged an impressive 200.0%, with prices peaking at $1.15460 last Saturday, marking a monthly gain of 239.0%—the most significant performance among the top 50 cryptocurrencies. However, strong overbought conditions are evident. While upside spikes to $1.40000 remain possible, betting on further gains is highly risky without a confirmed correction to $0.80000 to reset the market's momentum.

ADAUSD

4247

Rafael Quintana Martinez

28.11.2024

Maker Is Rushing to the Upside

Maker (MKR) is up 6.3% this week, trading at $1,837.00 and outperforming the broader market as Bitcoin (BTC) declines by 2.1% to $95,015. Earlier this week, MKR reached as high as $2,076.00 on Monday, while BTC fell 3.3% on the same day.

Despite the positive momentum, Maker has struggled to break through key resistance levels at $1,900 and $2,000. However, the token appears to be building strength for another attempt. Many altcoins have already surpassed similar resistance barriers, suggesting that MKR may soon follow suit.

MKRUSD

4648