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Astar Network $ASTR will 40x - 130x this bull run!KRAKEN:ASTRUSD may be one of the most undervalued, under-the-radar cryptocurrencies at the moment. Astar is the token of the Astar Network. Recently, it was announced that Astar zkEVM will transition to become #Soneium, the revolutionary #Ethereum CRYPTOCAP:ETH L2 launched by #Sony. The founders of the Astar Network and Soneium have announced and confirmed that the Astar Network is a special partner of Soneium and that there will be massive incentives and rewards for Astar token holders. Sony is the first giant tech and entertainment company to enter the crypto industry. Sony will launch a #crypto exchange in #Japan. Sony has a vast entertainment network - Sony Music, Sony Gaming, Sony Film will all be integrated within the Soneium network, so the Astar Network (& Token) will, als the de-facto coin of Sony, have massive utility, unmatched by any other cryptocurrency currently in existence. This insanely bullish news will finally lead to crypto Going Mainstream #GM - and here's your chance to be "in" before the masses arrive - and they will arrive. This is the bullish narrative and news for #Astar. However, the Astar chart also shows promising bullish signals. 1. There is a massive hidden bullish divergence on the weekly chart, indicating underlying strength. 2. There has been an EXPLOSIVE increase in volume near the lows. The insane increase in volume began prior to the Soneium announcement, which count hint at insiders accumulating. 3. On Balance Volume is also increasing EXPLOSIVELY, which indicates that the massive increase in volume was primarily due to BUY PRESSURE (buy volume), not sell pressure! Now, how high can Astar Network go? Currently, the coin is ranked #140 in terms of marketcap. Its market cap is $0.45b while its fully dilluted marketcap is $0.5b. This means there won't be many unlocks, and, in fact, the Astar Foundation has been burning tens of millions of tokens. The tokenomics are insanely bullish. Furthermore, the coin has very high volume, which means its a liquid coin. SCENARIOS: 1. Astar bull cycle market cap = Polkadot's current marketcap --> 14x 2. Astar bull cycle market cap = 2x Polkadot's current marketcap --> 28x 3. Astar bull cycle market cap = Polkadot's 2021 marketcap peak --> 130x 4. Astar bull cycle market cap = half of Polkadot's 2021 marketcap peak --> 65x --- Astar bull cycle market cap = the average of the above 4 scenarios --> 60x 5. Astar bull cycle market cap = Filecoin's 2021 marketcap peak --> 28x 6. Astar bul cycle market cap = Cosmos' 2021 marketcap peak --> 28x --- Astar bull cycle market cap = the average of the above 6 scenarios --> 49x --- Astar bull cycle market cap = the average of the two averages --> 55x 7. Astar bull cycle market cap = 20% of Polkadot's this cycle potential marketcap if price returns to previous ATH --> polkadot new ATH marketcap potentially 80 billion x 0.20 = 16 billion / 7.5 billion = 2.13 / 0.062 = 34x 8. Astar bull cycle market cap = 50% of Polkadot's this cycle potential marketcap if price returns to previous ATH --> polkadot new ATH marketcap potentially 80 billion x 0.50 = 40 billion / 7.5 billion = 5.33 / 0.062 = 86x --- Astar bull cycle market cap = average of the last mentioned two scenarios = 60x --- Astar bull cycle market cap = average of all the outcomes above (scenarios + averages of scenarios) = 637 / 12 = 53x Based on these scenarios, a 53x could theoretically happen for the Astar token. The token checks all marks: extremely bullish reversal chart, incredibly bullish news + narrative, new token, good tokenomics, and potential future catalysts to fuel it rising even higher (like a listing on Coinbase, for example). In my opinion, Astar could 53x from here. The Astar Network chart looks like it is poised for a breakout. A break above the $0.1 level could trigger a parabolic move. Finally, lets not forget that Astar Network token has been in a correction since January 2024, while most other coins have only been correcting since April. In other words: Astar's bear market is more advanced and could therefore, theoretically, reverse sooner than other coins. Do with this information as you wish!
Long
by couldntcomeupwithone
3
Sony's Stock Surge as Soneium Ethereum Layer 2 Testnet Goes LiveSony Group Corporation (NYSE: NYSE:SONY ) has made a strategic move into the blockchain space, launching the "Minato" testnet for its Ethereum Layer-2 solution, Soneium. The announcement has sparked investor enthusiasm, driving Sony's stock price up by 3.51% following the testnet's debut. This marks a significant step forward in Sony's efforts to expand its digital infrastructure and leverage blockchain technology for broader applications. Minato Testnet: A Key Milestone for Sony’s Blockchain Ambitions The launch of the Minato testnet represents Sony's commitment to fostering a vibrant developer ecosystem and advancing blockchain adoption. Developed in collaboration with Web3 infrastructure provider Startale, the Minato testnet offers a realistic environment for developers to test and deploy high-volume applications. This strategic initiative aims to enhance Sony's digital infrastructure, bridging the gap between creators and their communities in the Web3 landscape. Jun Watanabe, Chairman at Sony Block Solution Labs, emphasized the testnet's significance, stating, “We have opened our testnet as a first step to foster a fan community centered on creators that can connect diverse values through Soneium.” This step aligns with Sony's long-term vision of integrating blockchain solutions into its core business strategy. Strategic Partnerships and Developer Incentives Sony's rollout of the Minato testnet is bolstered by strategic partnerships and innovative programs designed to attract developers. Astar Network, renowned for its multi-chain framework, is supporting the testnet phase by offering initial liquidity and a range of digital assets, both fungible and non-fungible. This collaboration is expected to strengthen the testnet’s infrastructure, enhancing its scalability and robustness. To further incentivize developer participation, Sony has launched the Soneium Spark Program, which offers up to $100,000 in funding, mentorship opportunities, and industry connections. This program is aimed at cultivating a dynamic environment for innovation, providing developers with the resources needed to build and scale on the Soneium platform. Market Response and Broader Implications The market’s response to Sony’s blockchain venture has been overwhelmingly positive, with Sony's stock price climbing 3.51% following the announcement. The rise reflects investor confidence in Sony's strategic shift towards blockchain technology, anticipating new revenue streams and enhanced digital capabilities. Moreover, key partners such as Astar Network, Chainlink, Optimism, and The Graph are also poised to benefit from this development, with expectations of positive price movements. Additionally, Circle's initiative to bridge USDC on the Soneium blockchain highlights the platform's expanding scope in Web3 applications. The combination of strategic partnerships, financial incentives, and technical support positions Soneium as a promising player in the competitive blockchain landscape. Future Prospects for Sony and Soneium Sony's venture into blockchain technology with the Minato testnet launch is more than just a technological milestone; it's a signal of the company’s broader ambitions to integrate decentralized solutions into its existing ecosystem. The Soneium blockchain, with its robust infrastructure and strong developer support, could serve as a catalyst for Sony's growth in the digital space. With the growing adoption of blockchain technology and a focus on building a strong developer community, Sony is well-positioned to capitalize on new opportunities in the Web3 era. The successful launch of the Minato testnet marks the beginning of an exciting journey for Sony in the blockchain space, with the potential to redefine its role in the digital economy.
NYSE:SONYLong
by DEXWireNews
ASTAR : THE Token of Sony's Soneium Blockchain!Last week, Sony announced it's Soneium Blockchain that has been in the works since last year. Earlier today, the launch of Soneium's testnest was announced during Japan's WebX event. Japan's Prime Minister and Japan's Minister of Economy gave a speech at this event. After their speeches, the stage was given to Sony's Soneium representative and the creator of the Astar Network. Sony also announced that the ASTAR ALOR:ASTR token will be a key asset on its Soneium #Blockchain. Previously, #Sony has announced that it will launch a #crypto exchange in Japan. ALOR:ASTR is currently a relatively low marketcap coin, sitting somewhere at the #130th position. #Astar's tokenomics are also great ; it's fully diluted marketcap is close to its current market cap, which gives it a major advantage over most other coins, which have massive unlocks periodically. Astar has incredibly volume. In fact, it's volume/market cap is one of the best in all of crypto - currently, it's 0.147 - compared to Ethereum's 0.07. This means the coin has very high liquidity. The coin is also relatively new. It was launched during the bear market, so it has time to build a community and doesn't have as many bagholders yet. Looking at the weekly chart, we can see a massive hidden bullish divergence. The price has been making higher lows on the weekly chart, while the RSI has been making lower lows. This means that the token has managed to hold its gains on the weekly timeframe even though sell pressure increased. With a market cap of under $0.5 bn, it has the potential for a 20 - 50x this cycle.
KRAKEN:ASTRUSDLong
by couldntcomeupwithone
Sony Group (NYSE: $SONY) Unveils Soneium on Ethereum Layer 2 In a groundbreaking move, Sony Group (NYSE: NYSE:SONY ) has officially announced its entry into the blockchain space with the launch of its very own Ethereum Layer 2 blockchain, "Soneium." This ambitious project is the result of a strategic partnership between Sony and Startale Labs, and it is set to operate on Optimism's OP Stack. The announcement marks a significant step forward for Sony (NYSE: NYSE:SONY ), a company renowned for its innovative contributions to various industries, including entertainment, gaming, and technology. Soneium: A New Era for Web3 Development Soneium is designed as a versatile, general-purpose blockchain that aims to empower developers, creators, and communities within the Web3 ecosystem. According to Jun Watanabe, Chairman of Sony Block Solutions Labs, "The development of a comprehensive Web3 solution based on blockchain is very significant to the Sony Group, which has developed a wide variety of businesses under its purpose of ‘Fill the world with emotion, through the power of creativity and technology.’" The Soneium blockchain will focus on three core values: emotion, creativity, and mainstream adoption. Sony envisions Soneium as a platform that will not only enhance its existing Web3 services but also introduce new and innovative solutions across different sectors. Key Partners and Technological Backbone The Soneium blockchain is supported by an impressive lineup of launch partners, including Astar Network, Alchemy, Chainlink, Circle, Optimism, and The Graph. These partnerships are crucial as they provide the technological infrastructure and ecosystem needed for Soneium to thrive. Astar Network, for instance, is transitioning its Astar zkEVM to Soneium, which will significantly enhance the visibility and utility of its native token, ASTR. This move has already triggered a 10% surge in ASTR's price, although it has since slightly dipped. Other partner tokens like Optimism's OP and The Graph's GRT have also seen substantial gains following the announcement, with OP rising 8% and GRT up by 7%. Upcoming Testnet and Developer Tools Sony (NYSE: NYSE:SONY ) and Startale Labs have ambitious plans to roll out the Soneium testnet in the coming days. This will allow developers and creators to start building their applications using initial developer tools and SDKs. The blockchain is designed to offer a robust development environment with a focus on accessibility, fast processing speeds, and low fees. Moreover, Circle has announced that it will be bringing bridged USDC to Soneium, further enhancing the accessibility of Web3 experiences on the platform. This move underscores the potential for Soneium to become a central hub for decentralized finance (DeFi) and other blockchain-based applications. A New Dawn for Blockchain Innovation Sony's entry into the blockchain world with Soneium is a clear indication of the growing importance of blockchain technology in mainstream industries. By leveraging its extensive experience in creativity and technology, Sony is poised to make a significant impact on the Web3 landscape. As the Soneium blockchain ecosystem develops, it will be interesting to see how it influences the broader blockchain industry and what new opportunities it will unlock for developers, creators, and users alike. Technical Outlook As of the time of writing, Sony stock (NYSE: NYSE:SONY ) has gained 0.38% at Friday's market open. The daily price chart is showing a promising morning star pattern, a bullish reversal signal. Also reinforcing the bullish thesis is the Relative Strength Index (RSI) at 59, indicating a strong potential for further growth. With the testnet launch on the horizon and strong backing from key industry players, Soneium is set to be a game-changer in the blockchain space. Investors and enthusiasts will undoubtedly be watching closely as Sony embarks on this exciting new venture.
NYSE:SONYLong
by DEXWireNews
Sony: Positioned for Growth as It Nears All-Time HighsFollowing a healthy market correction, Japanese stock indices are now trading near lifetime highs, with Sony emerging as a standout performer. The company is a global leader in several key industries, including: -Gaming -Music -Movies -Photography & Videography Equipment -Imaging & Sensing Solutions (Semiconductors) -Financial Services Sony is also pushing the boundaries of innovation with ventures into new areas such as: Mobility Drones Artificial Intelligence (AI) Robotics Satellites Education Sustainable Carbon Production from Rice Husks Technical Analysis: After a period of correction, Sony's stock has made an impressive recovery, consolidating near its lifetime highs for the past three years. This consolidation signals a strong base for further growth. A breakout from these levels could propel Sony’s stock price to new all-time highs, reflecting its robust positioning across traditional and emerging sectors. Sony's future looks promising, with multiple growth engines driving potential long-term value for investors.
TSE:6758Long
by The2PercentTrader
2
Sony Reports 7% Drop in Annual ProfitSony reported a 7% drop in its annual profit for the full year in 2023, with operating profit at 1.2 trillion yen, down 7% year-over-year. The company also narrowly missed its revised-down target for PlayStation 5 sales, with shipments totaling 20.8 million in the fiscal year 2023. This is slightly lower than the revised 21 million unit target that Sony gave investors in February. Sony expects even weaker sales of 18 million units of its PS5 in the year ending March 2025. The company announced a management shakeup in its Sony Interactive Entertainment (SIE) gaming unit, with the division's interim CEO Hiroki Totoki becoming chairman of the business. Long-time Sony executives Hideaki Nishino and Hermen Hulst were appointed CEO of the Platform Business Group and Studio Business Group, respectively, two newly created divisions of SIE. Sony said its financial services business was the primary segment driving down profit, with operating income in 2023 coming in at 173.6 billion yen, marking a 22.5% year-on-year drop after a firm increase in 2022. The company also suffered from a decline in its imaging and sensing solutions (I&SS) business, which houses its imaging chips. Sony is forecasting a drop in overall group revenue for the current fiscal year, with sales expected to reach 12.3 trillion yen for the year ending March 2025, down 5%. Fiscal year 2024 operating income is expected to total 1.28 trillion yen, up 5%, Sony said in its consolidated results. Two veteran executives will take over as CEOs of its powerhouse gaming unit, taking the reins from Jim Ryan who retired in March. Hermen Hulst and Hideaki Nishino will report to Sony Interactive Entertainment's (SIE) group chairman Hiroki Totoki, who had been filling in as interim CEO. Hulst will be CEO of the newly named Studio Business Group, which includes PlayStation's developers and covers the expansion of PlayStation brands into TV and film. Nishino will lead the Platform Business Group, which includes console hardware, technology, and accessories, and be in charge of relations with major publishers and indie studios. The PlayStation 5 faces stiff competition from the Nintendo Switch and could see a tougher rivalry with Microsoft's Xbox, after the tech giant's buyout of "Call of Duty" maker Activision Blizzard. Sony under Ryan spent heavily on buying games studios, including Bungie, Epic Games, and FromSoftware.
NYSE:SONY
by DEXWireNews
Sony's proposed acquisition of Paramount GlobalSony Group Corp.'s $26 billion proposal to acquire Paramount Global has sparked debate among investors. While the strategic rationale behind the deal is notable, concerns surrounding financing and regulatory challenges have led to a decline in Sony's share price. The main issue revolves around Sony's ability to finance the acquisition, given its current cash reserves falling short of the deal's value. Investors worry about the strain on Sony's financial health, especially amid recent downward revisions in PlayStation 5 sales forecasts. Analysts also highlight the premium offered for Paramount, which exceeds its market capitalization and includes substantial net debt, raising doubts about the deal's financial sustainability for Sony. Regulatory scrutiny adds another layer of complexity, considering Sony's foreign ownership and the ownership of CBS, a Paramount subsidiary. Successfully navigating these regulatory hurdles could be challenging and delay the deal's completion. Sony's struggling electronics business further compounds investor concerns. While the acquisition could offer strategic benefits, it introduces uncertainty at a critical time when Sony should be focusing on strengthening its core operations. In summary, Sony's acquisition proposal for Paramount Global presents strategic opportunities but is overshadowed by significant financial and regulatory challenges. Investors are awaiting clarity on financing and regulatory plans before reassessing the deal's merits, emphasizing the importance of Sony's management prioritizing the company's financial stability amidst these complexities.
NYSE:SONYShort
by MorMedia
Paramount Global Set to End Negotiations With Skydance MediaParamount Global ( NASDAQ:PARA ) will end its exclusive talks with Skydance Media without reaching a deal, according to the New York Times. A special committee of Paramount's board evaluated the company's options, but some shareholders were critical of the deal. Sony Pictures Entertainment and Apollo Global Management have expressed interest in acquiring Paramount ( NASDAQ:PARA ) for $26 billion in an all-cash offer. Shares of the media giant Plummets 7% in extended trading.
NASDAQ:PARA
by DEXWireNews
Sony & Apollo Join Forces in a Bid to Acquire Paramount GlobalSony Pictures Entertainment and Apollo Global Management are currently in talks to explore the possibility of submitting a joint bid to acquire Paramount Global. This information was obtained from an anonymous source who is familiar with the matter. The two companies have not yet approached Paramount ( NASDAQ:PARA ), which is currently in exclusive negotiations with Skydance Media, an independent studio headed by David Ellison. Despite this, some investors have encouraged Paramount to consider alternative options. If the competing bid comes to fruition, it would involve cash payments for all outstanding Paramount shares ( NASDAQ:PARA ), and result in the company becoming privately owned. The source revealed that Sony would own a majority stake in the joint venture and would operate the media company, along with its library of films and television shows, such as "Star Trek," "Mission: Impossible," "Indiana Jones," and SpongeBob SquarePants. Sony Pictures Entertainment Chairman, Tony Vinciquerra, a seasoned media executive with significant experience in the film and television industry, would likely be tasked with running the studio, leveraging Sony's marketing and distribution expertise. Due to restrictions on foreign ownership of broadcast stations, the source stated that Apollo would likely assume control of the CBS broadcast network and its local television stations. Sony's parent corporation is based in Tokyo, Japan. The New York Times initially reported the ongoing discussions between Sony and Apollo. Both Sony and Paramount have declined to comment on the matter, and Apollo could not be reached for comment. Previously, Apollo had made an offer of $26 billion to acquire Paramount Global ( NASDAQ:PARA ), whose enterprise value at the end of 2023 was estimated to be around $22.5 billion. However, a special committee of Paramount's board elected to continue with its advanced deal talks with Skydance, rather than pursuing a deal "that might not actually come to fruition," according to two people with knowledge of the board's actions. The committee is currently assessing the feasibility of acquiring the smaller independent studio in a stock deal worth around $4 billion to $5 billion. Skydance is also reportedly in negotiations to acquire National Amusements, a company that holds the Redstone family's controlling interest in Paramount. However, this transaction is contingent upon a Skydance-Paramount merger. Technical Outlook Paramount Global ( NASDAQ:PARA ) shares quickly responded to the development besieging it surging by 8.3% from a weekly low of $10.03. The stock has a Relative Strength Index (RSI) of 54.24. Moreover, traders need to be cautious as the stock is trading below the 200 and 100-day Moving Averages (MA) igniting a concern about its bullish trend. The question is will it keep surging? or test a new support level eventually.
NASDAQ:PARALong
by DEXWireNews
Sony's Crypto Foray: Gaming Giant Ventures Into Web3Sony ( NYSE:SONY ), the Japanese gaming and entertainment behemoth, is diving headfirst into the realm of cryptocurrencies. With its banking arm, Sony Bank, spearheading the initiative, the company has unveiled plans to trial a stablecoin on Polygon, a move poised to reshape the landscape of digital transactions within the Sony Group Sony's Stablecoin Endeavor: Sony's foray into the realm of stablecoins represents a strategic pivot towards embracing blockchain technology and decentralized finance. By leveraging the stability of fiat currency, Sony ( NYSE:SONY ) aims to revolutionize payment systems and remittances across its diverse portfolio of gaming and sports intellectual property. With a keen eye on reducing transaction costs and enhancing efficiency, the adoption of stablecoins heralds a new era of financial innovation within the Sony ecosystem. Collaboration with SettleMint: Tasked with the development of this groundbreaking stablecoin is Belgium-based blockchain firm SettleMint, renowned for its expertise in blockchain solutions. This partnership underscores Sony's commitment to collaborating with industry leaders to navigate the intricacies of blockchain integration and ensure the seamless deployment of its stablecoin platform. With SettleMint at the helm, Sony's vision for a robust and scalable stablecoin infrastructure moves one step closer to fruition. Navigating Legal and Regulatory Terrain: As Sony ( NYSE:SONY ) embarks on this ambitious venture, it confronts a myriad of legal and regulatory challenges inherent in the issuance of stablecoins. With particular emphasis on compliance with Japanese financial regulations, Sony's stablecoin testing will undergo rigorous scrutiny to ensure adherence to legal frameworks governing digital currencies. This cautious approach underscores Sony's commitment to operating within established regulatory parameters while pushing the boundaries of financial innovation. The Ripple Effect: Sony's entry into the stablecoin arena coincides with a flurry of activity in the crypto space, with Ripple's recent announcement of its own stablecoin pegged to the US dollar capturing headlines. This convergence of industry titans underscores the growing mainstream acceptance of stablecoins as viable alternatives to traditional payment methods. As Sony navigates this rapidly evolving landscape, it stands poised to carve out a prominent role in shaping the future of digital finance.
NYSE:SONYLong
by DEXWireNews
2
Sony Seeks Patent for Super-Fungible Gaming TokensSony's latest patent application shows how PlayStation could use blockchain gaming tech to let players own their unique assets. A recently published patent application from tech Giant Sony, the maker of PlayStation, detailed the concept of “super-fungible tokens” for games, which would be stored on a distributed ledger (DLT) and transferable from player to player. Many gamers have had experiences where they get really into a video game, spend a bunch of money on in-game skins or battle passes, and eventually get tired of the game. When this happens in traditional “Web2” games, players are forced to accept the money spent on in-game assets as a sunk cost, and move on. You typically can't sell those assets. But blockchain gaming changes all of that, and the recent patent application—filed in 2022 but just published to the public last week—from Sony ( NYSE:SONY ) about super-fungible tokens hints that the tech giant might want to get in on the shift. The patent application outlines a process of tracking a set of gaming assets associated with a player on an “electronic device” and generating metadata based on those assets. The metadata would then be used to create a super-fungible token—essentially a bundle of various NFTs—where the token is created by the storage of said metadata on a distributed ledger (DL) that is “associated with the gaming application.” The application implies that Sony ( NYSE:SONY ) is considering allowing NFTs in its games. While the patent does include the term “Distributed Ledger Technology,” (DLT) aka a blockchain, it does not specify whether or not it would be a private or public ledger. Sony ( NYSE:SONY ) does specify that the distributed ledger in question would be “associated with the gaming application,” which suggests that Sony may plan to launch its own chain for such an endeavor. However, whether or not Sony launches NFTs on a public blockchain like Ethereum or Solana, or on a private chain of its own making, NFT adoption from such a big player in the gaming industry would be a huge leap forward for blockchain enthusiasts. In practice, super-fungible tokens are essentially a bundle of unique in-game assets—such as skins, weapons, vehicles, etc. that are tokenized as NFTs—that can be used within video games. If Sony ( NYSE:SONY ) were to pursue using this patent, it would mean that one of the largest gaming companies in the world is potentially interested in allowing players to own their own in-game assets. At the end of the day, it’s up to Sony how much financialization it allows. If Sony ( NYSE:SONY ) chooses to pursue this framework on a private chain that it controls, then the gaming giant could impose all sorts of restrictions—but there’s no indication yet that Sony actually plans to roll out this functionality any time soon, if ever.
NYSE:SONYLong
by DEXWireNews
RBLX PLAY on gaming - No pun intendedSolid breakout above $35 Would be great for RBLX Would wait until that point to enter any positions. Entry: $35.10 Target 1: $45.90 (33% Gain) Target 2: $74:20 (105% Gain) Target 3: $94.80 (174% Gain) Long term - < 1 year target timing. Roblox Corporation is an American video game developer based in San Mateo, California. Founded in 2004 by David Baszucki and Erik Cassel, the company is the developer of Roblox, which was released in 2006. As of December 31, 2022, the company employs over 2,100 people.
NYSE:RBLXLong
by Helios_Capital_Investment
Sony Group Corporation DCA - Inverted head and shoulders + C&HCompany: Sony Group Corporation Ticker: 6758 Exchange: TSE Sector: Electronics Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the daily chart of Sony Group Corporation, focusing on an interesting combination of two price patterns, an inverted head and shoulders and a cup and handle pattern. This combination provides additional confirmation for classical chart analysts and offers a compelling trading opportunity. Price Patterns: Inverted Head and Shoulders: This pattern has been forming for 384 days and features a clear horizontal resistance line at ¥12,380. This serves as our reference point for the pattern. Cup and Handle: The right shoulder of the inverted head and shoulders pattern contains a 126-day old cup and handle pattern, which provides further confirmation and a second possible price pattern. The same horizontal resistance line at ¥12,380 serves as the reference point for this pattern. Bullish Environment: The price has been above the 200 EMA for some time, indicating a bullish environment. Price Targets: Inverted Head and Shoulders: The price target for this pattern is ¥15,520, representing a potential price increase of 25%. Cup and Handle: The price target for this pattern is ¥14,725, representing a potential price increase of 19%. Trade Opportunity: A breakout has occurred, making this trade actionable without further observation. Conclusion: The Sony Group Corporation daily chart analysis highlights the combination of an inverted head and shoulders pattern and a cup and handle pattern. This provides a compelling trade opportunity with clear price targets. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
TSE:6758Long
by KarimSubhieh
$SONY: Monthly Hidden Bullish Divergence and Channel Breakout NYSE:SONY on the Monthly Timeframe is breaking out of a Descending Channel while confirming Hidden Bullish Divergence and Bullishly Crossing over on the MACD and the RSI enters the Bullish Control Zone; the next obvious target would be between 150 and 177 Dollars as that would be the completion of an AB=CD Harmonic Pattern. One last thing to note on the side is that the NASDAQ:MSFT acquisition of NASDAQ:ATVI has recently hit a brick wall with regulators and this is likely to spur some optimism in the NYSE:SONY camp who has opposed this acquisition in fears that Microsoft would eventually make games like Call of Duty, Xbox Exclusive.
NYSE:SONYLong
by RizeSenpai