Trade Ideas Fx-Futures-Etf-Crypto

SOXX(NASDAQ), 2644(TSE), AXSUSDT, ONTUSDT

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iShares Semiconductor ETF-(SOXX/NASDAQ)-Long/Short Idea

• The above daily chart formed an approximately 3-month-long rectangle chart pattern as a bearish reversal or bullish continuation after an uptrend.

• The horizontal boundary at 208.75 levels acts as a support within this pattern while 238.63 levels act as a resistance.

• A daily close below 202.48 levels would validate the breakdown from the 3-month-long rectangle chart pattern. A daily close above 245.7 would validate the breakout from the H&S failure chart pattern.

• Based on the chart patterns, the potential price targets are 182.8 and 270 levels respectively.

• Tariff-related developments will be crucial for the semiconductor sector, determining whether this chart follows a bullish continuation or a bearish reversal.

Global X Japan Semiconductor ETF-(2644/TSE)-Long Idea

• The Global X Japan Semiconductor ETF seeks to invest in Japanese companies whose principal business is in semiconductor related industries.

• The above daily chart formed an approximately 4-month-long ascending triangle chart pattern as a bullish reversal after a downtrend.

• The horizontal boundary at 1963 levels acts as a resistance within this pattern.

• A daily close above 2021 levels would validate the breakout from the 4-month-long ascending triangle chart pattern.

• Based on this chart pattern, the potential price target is 2450 levels.

• Reciprocal tariffs would be a key factor influencing Japan's semiconductor sector.

AXSUSDT-Short Idea

• The above weekly chart formed an approximately 29-month-long rectangle chart pattern as a bearish continuation after a downtrend.

• The horizontal boundary at 4.01 levels acts as a support within this pattern.

• A daily close below 3.9 levels would validate the breakdown from the 29-month-long rectangle chart pattern.

• Based on this chart pattern, the potential price target is approximately 1.2 levels.

• The chart could move in either direction, but it's presented as a short idea since the price is trading below long-term moving averages.

ONTUSDT-Short Idea

• The above weekly chart formed an approximately 35-month-long rectangle chart pattern as a bearish continuation after a downtrend.

• The horizontal boundary at 0.14 levels acts as a support within this pattern.

• A daily close below 0.136 levels would validate the breakdown from the 35-month-long rectangle chart pattern.

• Based on this chart pattern, the potential price target is approximately 0.05 levels.

• The chart could move in either direction, but it's presented as a short idea since the price is trading below long-term moving averages.

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Investment information, comments, and recommendations that are provided are not investment advice. These recommendations are general and are not specifically tailored to your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.