$VVV ANALYSIS -------------------- $VVV /USDT trades at $27.918, sitting right on the rising trendline from $21.15 after a sharp rejection off the $30.80 area. Price tapped the line with a wick and bounced, the first real test since the October 1 dip.
Hold above $27.50 and price stabilizes for another push back toward $30.00. Lose $26.00 and price breaks the trendline with room down to $24.40. Right at the line in the sand, this bounce needs to hold.$VVV
> 💡 Reason for the rise: Stocks shrugged off the bond market turmoil, buoyed by record highs for Nvidia, while silver held firm above the $60 mark. Bitcoin climbed after the US Treasury withdrew proposed crypto oversight rules regarding personal wallets. 👇 Declines (Biggest Losers):
* 🛢️ US Oil (WTI): -2.25% * 🛢️ Brent Crude: -2.12% * 🔴 Fear Index (VIX): -1.12% * 🇪🇺 Euro (EUR): -0.29% * 🇨🇭 Swiss Franc (CHF): -0.24% * 🇬🇧 British Pound (GBP): -0.14% * 🇯🇵 Japanese Yen (JPY): -0.11%
> 💡 Reason for the decline: Oil prices fell as the G7 began releasing 100 million barrels from reserves. Meanwhile, the Euro plunged to a 17-month low after the yield spread between French and German bonds widened to its highest level since the 2011 European debt crisis.
• 🔽🥇🩸 Gold hit a new low of $4,116, shedding approximately $185 from the session high of $4,300 in a single day.
• 👇🏹⚠️ Two attempts to rebound toward $4,165 failed, signaling a firm grip by sellers; the path to the "Head and Shoulders" target of $4,000 is now open, barring Wednesday's inflation data coming in cooler than expected.
📊 News Impact: Bearish for gold, bullish for the dollar.