GE is in troubleGE has been participating in stock buybacks. They have spent a lot of their renaming capital on buybacks, 24 billion to be exact. I am guessing a lot of the stock buybacks were with borrowed money due to the low interest rates of 2009-2015. As the interest rates rise, GE will have to pay back their debt. The money GE put into its stock is worth less now compared to when they put it in. If this is borrowed capital then GE could be in serious financial trouble. Even if they will have a hard time recovering from their stock buybacks, I doubt GE will go out of business. GE makes well made, reliable products and is not a "scammy" company. I believe GE will double bottom at 5$. If GE announces plans pay off their stock buyback loans, then i think buying their stock would be a good idea. We will have to wait and see.
Fundementals
Calm before the storm... final countdownBTCUSD chart as of March 25, 2018: in the last few days the price was traded in a range between ~7.7K level of support and ~9.1K level of resistance. Sideways trend is expected in the following few days between 8K and 9K, as we can see low volume of trade before the so-called "Break-even" point, a sharp move in the direction of the breakout (uptrend) is expected.
patience pays off[ ]At the time of writing this article/idea our full short position is now justified in both of the precious metals gold and silver from the risk and reward measurement
Not too long ago on friday we closed our net short position in both metals in our group,since then we have seen huge rally in gold and silver as expected before,we already mentioned our short term target area in yesterday post and it was expected to reach at the end of week but yesterday rally was so significant that both metals hit there target areas,before going into chart we want to emphasize you that don't try to look charts as a trading system,it's rather a tool which helps you to find good entry,stop loss and take profits that's it,there are many long term fundamental factors which helps us to add long or short position in our portfolio,ok now let's dive into charts
In yesterday post we mentioned that gold could move 1340 zone before it plunges again why 1340? that's where the rising resistance line is,we argued that once it hits that zone that wlll be a strong bears signal and we will be ready to net short our position but before it plunges more in a dramatic way you can see a small upswing again in both of the metals,most important to note is yes gold market is giving strong bearish signals but more strong confirmation is coming out from other precious metals sector
silver sector-until now we didn't mentioned silver sector in our idea but from now you will see silver,mining stocks as well as usd index analogy in our articles,on dec 15,2017 we have seen a similar daily rally that we saw yesterday,shortly after the rally silver plunges,bearish implication were huge,so are we going to see the same decline in silver this time? we already did but lot more to come!! not only because we are comparing this present scenario with past but because silver outperformed gold multiple times before declining,we already mentioned in our articles(not here sorry) that once silver will reach to our target area our bearish outlook will be more confirmed
ok let's move into us dollar index,keep in mind thay usd index is above its very important support level so long term outlook is very bullish but before the end of week we can expect some volatilty as mario draghi speech and emloyment numbers are about to come so the question is will gold and silver will rally up again,they can but less probable as they have reached our areas of interest so outlook is very bearish now,but anyways we will update with our post if any major changes will happen in metal sector,
gold-1st target-1230 stop loss-1379,entry price-1325
silver-1st target-14.730 stop loss- 17.300 entry- 16.500
if you are interested in intraday signals p.m me we will provide you it free
stay tuned
You better watch the next move! Nano/BTC Overview. I warned you!
After a period of leverage, Bitcoin came very close to the blue dotted resistance line (11665USD), reached the daily maximum of 11634USD, but ended the day in a dramatic fall back to 11300USD, just below the price level in 11400USD that started the day 05/03 that is marking these candles in hammer form. From that point on, we can consider the probability of a reversal, so we must read carefully what the graph has to say to us.
Will Bitcoin reach its main target 0.5 Fib (12700USD)?
For the health of the alts, Bitcoin needs to get there. And I believe it will.
Bitcoin Chart 1hr time frame:
These are my arguments:
Despite the dramatic fall near the resistance of the 11600 and the market have demonstrated consistent sales forces, Bitcoin has been giving clues to how you intend to behave from the technical analysis.
1. Coming close to the support indicated by the green dotted line (11155USD), the graph shows reversal. This reversal is based on the hammer formed near the support area.
2. We can not forget the ascending triangle that was formed in the breaking of the resistance of the 11155USD. The projection of this triangle is 1500USD, precisely in our main target, 12700USD.
3. I believe that we are surfing the 5th wave of Elliot at the moment, the characteristics are clear:
4. G20 Summit in Argentina starts on March 17 and heads of state from the USA, France and Germany will take the table to the cryptos, although it seems a bad thing, do not be fooled, they have already stated openly that they do not see this new economy as a threat to the global financial system and has demonstrated a certain enthusiasm.
Do your research, Google it:
- G20 Summit
- Steven Mnuchin
- Bruno Le Maire
Those are the main reasons why I believe Bitcoin will go forward and that is very important to the health of all Alts, including my dear Nano!
Let's analyze the graph in the Nano, the H & S pattern has not been confirmed, but the pennat pattern supports the probability of falling and Bitcoin will give the proportion of that fall, which already surpasses the support indicated in the red dotted line 0.6 Fib (0.0012801), supporting each again the probability of falling to the next support in 0.5 Fib! If this happens, I advise you to review your strategy to avoid further losses.
Reminding you that this is the way I work, I am here mainly to discuss ideas. Take your own decision.
If you think I've been useful, the easiest and cheapest way is to leave your 'Like'. This will certainly help my personal and professional growth.
If you have any constructive comments to make, feel free to, I'll be happy to discuss it with you.
Thank you for your time.
If I deserve your donation:
BTC: 1Jj6bamTKjwWk1p4BnPTCcykAiQH85WVV
Nano: xrb_1dnrfk8q9siwxqb351ddmkd19hfnijkh5iyt4tda37cojxh8ndfknmbfmw9h
Eth: 0x8f09fa8b42c11204dc4c2eebed453781ff641014
Detailed analysis on usdcad from our global macro viewDetailed analysis on usdcad from both fundamental and technical view
united states manufacturing pmi was confirmed at 55.5 level in jan 2018,reading indicates the strongest expansion in since march 2015,that’s a very bullish sign of us factory growth as it also reaching it’s 3 year all time high, services pmi is also doing very well at the time as last reading was at 53.3 in jan 2018,reading indicates very strong expansion in service sector as well and now let’s see how united states housing sector is behaving or performing which from my point of view is the accurate leading indicator, at which top hedge funds always look at!!!At oct 2017 permits was reported to be at 1317 since then permits has been falling but at a very minimal rate which we don’t consider bearish as overall if you will see the chart of permits(1 year) you will notice sharp incline in permits, so overall our leading survey indicators shows us a healthy economy of united stated coming forward,As this will be a detailed analysis more factors monetary policies obviously must be included, now let’s jump to other factors
Us inflation came better than expected increased 2.1 percent YOY in jan2018, consumer price index or cpi increased to 249.25 index points in jan from 247.91,,core inflation or inflation excluding food and energy increased 1.80 percent YOY same as December but above market expectation with 0.1 percent, overall steady growth in inflation of any country is good for economic growth so what about usa? Usa seems to be on a path where economy is inflating at a steady rate and as market is expecting more hikes from fed,it can be good for dollar but keep in mind fed increased there rate 3 times in 2017 but u.s dollar proven to be the weakest currency in G10 while jpy was the strongest among all, that’s why we have to keep everything in mind while we are doing our analysis as multitude of factors affect exchange rates and in 2017 monetary policies had the biggest contribution affecting exchange rate in 2017
What about non farm payroll brother? (last time my 8 year old nephew asked me about n.f.p lol so now you know how important it is or how misleading it can be specially for new traders )
Non farm payroll increased by 200 thousand in January 2018,came at 160 thousand in December and also beat the market expectation, employment continued to trend up in construction, food services, health care and manufacturing
Fed funds rate kept its range between 1.25-1.5 percent jan2018 but market is expecting hike in upcoming march, market and policy makers expecting rise in inflation rate in upcoming months,so as far as interest rate goes we can see the bullish view forming around and overall good for us economy,
United states gdp growth rate-In the last quarter of 2017 u.s economy expanded at 2.6 percent annual rate,last quarter was 3.2 percent and market expectation was 3 percent for this quarter but u.s gdp showed deceleration in the last quarter
Balance of trade-us trade gap is currently at 9 year high, u.s recorded a USD 53.1 billion trade deficit in December 2017 of course which is not a
good sign for any economy ,I am not going to dive into stock market return or this analysis will be very long, lastly I will talk about monetary policies which is and can affect u.s dollar in upcoming months
Last and final measure of united states economy from our stand point yeah you guessed it right!! Monetary policies, united states 10 year government bond increased 0.07 percent on Thursday feb 2018 from 2.84 in the previous trading session while if we talk about central bank balance sheet of u.s.a it’s been keep shrinking and going downwards, we are going to write remaining content in comment box as now there is no limit left here!!!
Nat Gas FloorAs shown in the graph above, storage levels, consumption and a strong floor all point to the fact that $2.55 should be the near term price floor. Unexpected weather, nuclear outages are the unexpected spike cases with long term LNG, nat-gas power generation and lower supply glut being the medium term long cases. My target price for mid April is $3.1 based off the last 17 years seasonal moving averages.
[LTC/USD] WATCHOUT! RED ALERT! FORK LCC WILL HAPPEN 2-18-18Be very careful, I speculate LTC will potentially plummet after fork of LCC is completed since people who recently bought LTC will sell it back into the market watch it tank and then maybe buy it back much much cheaper. Watch the LTC market after Sunday after the fork....... I just became aware of this info this SAT morning on Feb 17, .. Fork will happen on FEB 18 SUNDAY..
The software from litcoin.org takes 3 days so if you try to get your free LCC I believe its too late since it will take 3 days for the dam software to download. On the other hand, I will watch LTC and potentially buy some when it tanks all the way to the bottom after this LCC (litecoin cash) fork..
Below are all the links so you can make your decision!
litecoin.org
litecoinca.sh
youtu.be
Stratis Bubble Chart ( Sucker Rally Ending )Just a quick idea regarding stratis, the most undervalued and technologically best blockchain company flying under the radar.
It made some great moves at the beginning of 2017, and reached an all time high against BTC.
I don't think people realise the potential of the STRATIS technology and the direction it's going.
During the first quater of 2018 STRAT wil be releasing a lot of good news, here is a small break down of what's to come.
- New Roadmap announced soon
- One of the best development teams in the crypto space
- First two flagship ICO projects launch (All funds raised converted in background to STRAT using changelly API)
- Smart Contracts in C# (Buildable, programmable)
- Sidechains for ICO deployment and scalability
- Azure ICO/Token one click deployment
- Marketing starts with successfully deployed ICOS (90 Million STRAT budget)
- Tumble bit Breeze wallet for anonymous bitcoin and STRAT mixing.
- Master nodes (STRAT is locked in for tumble bit mixing) price stablises sue to locked funds and ROI.
- STRAT team is attending multiple blockchain events throughout 2018
- STRAT is based in the financial centre of he world (London)
- STRAT offer BAAS (Blockchain as a service, consultancy for making blockchain easy for large institutions)
We can expect all this and more from the STRAT team in 2018. It's not hard to see how this can contribute to another STRAT bubble on the near future. How long this will take to pay off is not displayed accurately on the chart. However, technicals and company research suggests that this coin is definitely one to hold through 2018 and 2019.
Let me know your thoughts on this one.
C'est la vie.
NZD/USD LONGAfter catching up with friends over Christmas I am told produce in the fields will be at a premium this year and with the new RBNZ manager adding further strength to the NZD, easy pips are coming. STOP is set a little more reserved after being late to the party on this one but I doubt it will look back over the next few months.
Verge (XVG) Is once again, ready for action. TIER: BAfter two successful (AND STILL RUNNING) ideas, that both generated (as of this moment I'm writing this) and still generating great success (81% increase on POWR and 104%+ on ENJ)
I'm here to present a new coin, a new analysis. a new trade for all.
I'll be doing something new from now on, every time I'll post a coin, I'll give it a tier. classifying these coins is based solely on my own opinion. and the idea behind that is to give you a better understanding of risk/reward on a bigger picture.
These tiers will be used:
S - (The best of the best, typically the best for long-term investment) - recommended investment : under 20% of your deposit.
A - (Great Coins, can be used as long-term and medium term, low risk - medium reward) - under 15% of your deposit
B - (Still good coins, maybe undervalued, can be anything from short term to long term, medium risk, high reward) under 10% of your deposit
C - (Decent coins, mostly short and mid-term. can generate a lot of profit, but you'd have to be on your toes at all times and be aware of what's happening in the crypto market, High Risk/High reward) - 5% to 10% of your deposit
D - (Average coins, either it's coins that are bottomed out or coins that don't really have much of a fundamental value, will be mostly short term, can be mid-term as well. These coins will carry the highest risk, they could potentially carry high rewards as well) - MAXIMUM of 5% of your deposit.
So with all of that being said, Let's jump to our coin in question, Verge.
Fundamental :
"XVG is a cryptocurrency that focuses on total anonymity and privacy for its users.
Whereas Bitcoin succeeded in the mission of creating a decentralized crypto-currency, Verge brings it further by making transactions completely anonymous. The currency is virtually untraceable and the users of Verge can make instant anonymous transactions." Source : Medium.com by Sasha Kolupaev
XVG is currently #22 on coinmarketcap with a whooping $2.3B market cap.
Verge will be releasing RSK smart contracts on Q1 of 2018.
A new website is also to be expected on Q1 of 2018.
Technical analysis :
Indicators :
MACD : crossing and going up, bullish.
RSI showing bullish signals.
Currently trading under the 50 MA on the 3h chart
Chart trends :
As you can see, it has formed a bullish flag on a larger scale, around the time BTC started moving upwards, it formed a descending triangle. and now finally, it broke out and is trading above our triangle at the break-out point.
BUY in between 0.00001050 - 0.00001240
Stop loss - -10% of your entry price.
targets:
0.00001395
0.00001531
0.00001727
0.00001969
I wish you the best.
GOOD LUCK!
IF you liked this analysis and looking forward to see more, don't forget to thumbs up, follow and leave a comment telling me what you think and what you want to see next. all feedback is very appreciated.
PowerLedger (POWR) SO MUCH NEWS.. First of all, What is POWR?
"Power Ledger is a blockchain-based peer-to-peer energy trading platform enabling consumers and businesses to sell their surplus solar power to their neighbours without a middleman.
The Power Ledger system tracks the generation and consumption of all trading participants and settles energy trades on pre-determined terms and conditions in near real time. A user simply receives a registration email from their Application Host, they click on a link which takes them to the Power Ledger platform where they create a userid and password. That’s it, once logged in they can see their electricity usage and all their P2P trading transaction details." source : Powerledger.io
Lets get straight to why we should be looking at trading POWR.
Fundamentals :
At this moment, POWR is currently one of the semi-finalists in the 2018 Extreme Tech Challenge which is based in Las Vegas, the finalists will be announced in approximately 9 days from now. Should POWR be one of the finalists, the top 3 finalists will have the chance to present in front of the judges that are lead by non other than Richard Branson.
This coin is still at it's early stages yet it's showing so many good signs that this could be a huge thing in 2018 and 2019.
Technical :
First let's look at the MACD, the 1h chart is telling us that the MACD is crossing.
the RSI has been trending upwards
BB is squeezing giving us even a better indication that a break-out is going to happen.
Break-out point : 7000
Buy in zone : 6000 - 6950
Stop loss : 5800 - 5900 (REMEMBER TO ALWAYS SET YOUR STOP-LOSS)
Feel free to set your own stop-loss that satisfy your needs, base it on your entry level, how long you're looking to hold for and what is your target level.
Targets :
7800
8600
9300
10430
11700
(more to come later)
Good luck!
If you liked this, please feel free to thumbs up, follow, share with your friends. I hope you all become rich one day.
ENJIN COIN (ENJI) To the moon and beyond. This will be my very first published idea on Tradingview. I hope you all like it, and I hope you all will be rich some day.
Today we have ENJIN COIN.
ENJ is a smart crypto currency designed for gamers, to purchase virtual goods and other gaming related items. www.youtube.com
This coin has been on the rise and it just doesn't seem like it's stopping anytime soon, so why not join it on it's trip to the moon? It already has increased 400% this month alone, I don't see this coin going away any time soon.
FUNDEMENTALS :
ENJI will be releasing two more major things this month (Q4 2017), a mobile wallet and a minecraft plugin.
for the Q1 of 2018:
ARK survival evolved plugin (Still pending review)
PC wallet
and many more things to come in 2018
INDICATORS AND CHART ANALYIS :
On the Chart it is currently performing a pennant
1h chart RSI looking very nice and bullish. same goes for the 30 min chart.
MACD has already crossed on the 15min chart, its preparing to cross on the 30min chart.
BB is slowly squeezing.
currently trading under the 30 EMA on the 1h chart
accumulate : 0.00001010 - 0.00001200
Targets :
Short term : 1500
Mid term : (Coming soon)
long term : (Coming soon) (The moon)
Set stop loss : 0.00000980 or 10% below your buy-in. (VERY NECESSARY THAT YOU SET YOUR STOP LOSS, ESPECIALLY BEFORE BREAK-OUT)
Did you find this helpful? do you like the chart? Feel free to comment, thumbs up and share with your friends.
GOOD LUCK.
"Patience is key"
"Be fearful when others are greedy and greedy when others are fearful."
Fundamental analysis for U.S. Crude Oil Inventories One of the economic releases of the day was the U.S. Crude Oil Inventories which helps measures the weekly change in the number of barrels of commercial crude oil held by US firms. The way it works is that the amount of inventories helps influence the price petroleum products which can have an encounter with the inflation rates. Traders have got two things which they have to consider and one of them will be to see if increase in crude inventories is more than expected. This will show that the demand is weak which will result in a bearish for crude prices. The other thing that the traders will look will be the opposite which will be to see if a fall in inventories is gonna be less than predicted. So if the if the increase in crude is less than expected this indicates a greater demand which will mean that it will be bullish for crude prices. The economic news about crude oil came out at 15:30 and the previous forecast was -5.117M and the predicted forecast for today was -3.769M. However, as soon as the economic news was reported, it showed that the actual forecast is -6.495M. As it shows on the chart, the candlestick was a bullish candlestick which meant that traders would have gone long on this particular trade.
ZClassic (ZCL) ZK SNARK Comparable 10x upsidetwitter.com
Original forkers Rhett and Joshua will start development for the continuation of the ZCL coin. Comparable privacy coins have a garnered more than 100 million in market cap. ZClassic is similar to ZenCash, HOWEVER , the founders do not get ANY fees ! Currently 1st place on Bittrex in growth. I am a very strong believer in privacy tokens and can see a very bright future for this project.
$strat long update- Coming to a decision on 12/27; lined up perfectly with a kumo twist - nice chance of kumo breakout.
- Somewhat similar to previous bullish breakout (price crosses above cloud followed by bullish SMA crossover 50 over 100)
With respect to fundamentals, Stratis last hyped announcement proved to be a dud. The next major release occurs on 12/31. It would make sense to see a very bullish breakout based on the hype surrounding this.
Conclusion: Short term, we should see stagnation/decline. Draw key lines of support/resistance to find good entry points for accumulation. Don't wait too long, especially if you see bollinger bands tighten on higher intervals. The hype surrounding this next major release is going to be enough to pump stratis really hard. Even a bitcoin rally would be irrelevant; Stratis will easily outperform it as 12/31 approaches.
EURJPY Bullish. Elliot wave, S&R and economic indicators agreeEURJPY Bullish.
Fundamentals
All Chinese major economic indicators failed to meet economic forecast indicating weakness in economy
Technicals
3rd Elliot wave coming to an end after breaking previous resistance. Price will retrace onto one of the R levels and commence with the 5th wave.
Daily trendline upheld
NAVBTC Trading Bullish Channel, and Bitcoin Price ActionBitcoin:
Bitcoin price is currently driving the altcoin market price. When Bitcoin goes up in price, the alt coins tend to go down. When Bitcoin begins to head down in price, the alt coins tend to gain more bounces. Right now, Bitcoin has hit a resistance line that I drew, and I think it will head down a little (to about $7000). Later, I will post a chart to illustrate that idea played out.
That being said, Bitcoin is a ravenous, unstoppable beast. So I will not be risking too much of my trading capital here.
TA:
This is a method I used to set some targets, by attempting to breakdown the price action, if it were to continue in the bullish channel. I also limit my risk by setting a stop loss off a potential support line.
Fundamentals:
Navcoin just released a beta of their NavPay project on Nov. 1st.
It's also a coin that I believe is very solid. The dev team is very active, even holding weekly AMAs (ask me anything) to anyone willing to participate. This is a coin that would be great to get such a low entry point on.
BTCUSD, How to use Bitcoin Price for Trading altcoinsBitcoin has broken down from the rising wedge pattern, instead of breaking through a MAJOR resistance line. Feel free to scroll back on the chart to see where this (purple) resistance line comes from.
I'd like to explain how I use bitcoin price action to trade into alts. I like to use these resistances or breakdowns to jump a little into alts. This is because alts tend to boom when bitcoin begins to drop from its highest point. This is a good example of where I would jump into a few alts (like the Navcoin chart I linked below).
I will look very carefully for bounces around the support lines i have drawn out (purple dashed lines). If a bounce occurs around here, I'll be looking to take profit or partially exit some of my new alt positions.
Keep in mind that the hardfork for Bitcoin is a little over a week away, so Bitcoin could very well continue it's massive bullrun to reach upwards of $8000. If Bitcoin has an hourly candle close above my resistance line, I will consider exiting the majority of my positions.
Feel free to ask questions below, or to propose your own ideas about what may happen. I enjoy discussions on technical and fundamental analysis.
Current Tech Sector Outlook (Cautiously Bullish)What a year! The Fed, optimistic market assumptions regarding pro-business legislation, and a return of strong corporate earnings. I was definitely ready to go bearish when I heard the relatively hawkish statements from the Fed recently, but it looks like equities will just keep grinding up until we have some serious paradigm shifts in the markets. It's great to be writing on TV again. I think it's very healthy to write out and share our thoughts with each other :)
Basic Technicals
1. Trend is unquestionably bullish.
2. RSI and MACD in positive territory.
3. Weekly MACD is showing a potential upcoming bullish cross.
4. All EMAs have a positive slope, further indicating bullish inertia.
5. Only bearish thought I have is a possible regression to mean at some point on the EMAs.
Fundamentals
1. Solid corporate earnings.
2. Despite the Fed possibly raising rates, we know they can always step back and revert to QE style policies if the market falls.
3. No significant signs of inflation, which gives the Fed room to keep working.
4. We may actually get the pro-business tax reform/other legislation that the market has been anticipating. I'd like to think that it has been "priced in", but even a flicker of good news is used as an excuse to pump up the equity markets these days.
The main reason I'm labeling this as "neutral" is because I can't get over my skepticism of this year's bullish run-up. A reasonable pullback would be very natural in October, but trying to predict that is a fools errand. The best course of action is to continue riding the bullish trend until we see very clear signs of a minor pullback.
Cheers and happy trading!
QTUMBTC; falling wedge w bullish indicators; FA & TAEP: Below .00175
TP1: .002102
TP2: .002984
TP3: .003488
SL: .00165
QTUM has had a lot of volatility since it hit bittrex making huge ups and downs. On a fundamental level we have a currently about 20% of QTUM tokens now being staked, and that number is growing. New exchanges are and have been added (bitfinex, and some japanese and korean exchanges still coming), as well as WeChat and Qhola wallets in Q4.
Since we fell below the .002 price level we can see that we are not in a descending triangle, but actually a falling wedge. The majority of falling wedges to break upward so we have that in our favor. A much better set up than a descending triangle which normally break down.
At points 1. and 2. we see lower low in price, with OBV failing to make a lower low indicating upward movement. On the OBV graph the blue box marks where we expected it to go.
RSI shows an equal value compared to the last dip in price which is a weaker indicator for bullish movement, but a bullish signal none the less. We do see a series of lower lows in the RSI that are forming along a trend line. If RSI falls below this line it is an indicator that our trade was bad. Normally that would be a stop loss signal for me, but in this case we would be in the oversold region can add to our position on consolidation or when price forms a lower low. If you want to set a stop loss it can be at .00165. Expect RSI to form a double bottom on the daily chart as it has done in the past before moving upwards. This may be as late as October 25th after BTCG forks.
The reason I am not 100% long on this trade is because of BT2X fork upcoming in November. It is not yet clear if we will in fact fork, or if alts will rally after BTCG fork and before BT2X.
This is not trading advise, just my personal trade. Educational only. Trade at your own risk and do your own research.
USDJPY Oct. 9- Oct. 13Last week analysis called for a week of consolidation after a strong trending market. We had a lot of consolidation staying within the 112.25-113.25 range. NFP results were positive for USD and caused price to break this resistance but then quickly rejected the next zone and returned to our range.
For this week price is still in an uptrend but has lost some momentum due to the accumulation of orders for the past week. So far it looks as if price should go to retest the major support after rejection on Friday. This is a zone I would watch closely as if we reject this support again I think we can bring momentum back to the uptrend to the target of 114ish area. (Daily Supply Zone) But if we break the support zone we could have a potential trend change.
Fundamentals are light this week.. mid week Fed meeting minutes will be of the most impact as fed members have been increasingly hawkish moving the chance of another rate hike this year to 77% from 70%. (credit to investing.com for those numbers).
Lastly.. previous week longer term analysis still stands and is valid.