Unity Software Inc (U:NYSE)

The popularity of online gaming has skyrocketed in recent years, with Unity Software leading the charge. Their services are utilized in nearly half of the world’s mobile, PC, and console games, cementing their position as a top player in the industry. What sets Unity apart is their ability to not only create games, but also offer developers ways to monetize them through in-app purchases, ads, and multiplayer features. This has made the platform a go-to for aspiring game-makers, allowing them to turn their passion projects into successful businesses. Unity’s recent acquisition of app monetization firm ironSource has proven to be a smart move, as the company continues to innovate and stay ahead of the competition. Apple’s recent partnership with Unity for the Vision Pro device also speaks to the company’s influence and importance within the gaming community. 

The anticipation of growth in revenue for the second quarter is exciting news for the company. With expectations set for a 72-75% increase in revenue compared to last year’s second quarter, there is certainly cause for optimism. For investors, the potential for growth is certainly appealing, and with the right strategy in place, the stock could see significant gains. The target of $62.00-$64.00 is an impressive goal, but one that is achievable if the company stays on track with their growth plans. As long as the stock remains above $37.00-$39.00, there is reason to remain bullish on the future of this company.

Centrus Energy Corp (LEU: NYSE)

Nuclear energy has been making headlines lately and for good reason – it is set to become a critical component of the energy transition in the years ahead. With this in mind, demand for LEU’s services is only expected to increase in the coming decades. That’s why the news of Centrus winning a contract from the Department of Energy to produce and operate a HALEU plant is so significant. Not only will this be the first HALEU plant launched in the United States in 70 years, but the company is also set to begin production by the end of 2023 after receiving the green light from the U.S. Nuclear Regulatory Commission. With nuclear energy on the rise and Centrus leading the charge, exciting times are ahead for the industry.

The world of uranium may seem like a niche market, but recent developments in Congress show just how influential it can be. As legislation to ban Russian uranium imports gains traction, companies like LEU are posed for massive growth. Not only will demand for their supplies undoubtedly increase, but the cost of uranium as a whole should also rise. For those invested in LEU, the future is looking bright. As long as the stock remains above $30.00-$31.00, the potential for growth is immense. With an upside target of $48.00-$50.00, investors have a lot to look forward to in the world of uranium.

BTC/USD

Bitcoin has again closed above the 21 and 200 EMA on the weekly chart, indicating early signs that this could be another higher low on the larger time frame. 

The price tagged the order block and subsequently rallied. Aggressive traders might choose to go long here, setting their stop loss below last week’s wick low and beneath the diagonal supporting trend line. 

On the other hand, conservative traders may prefer to wait for a weekly close above the $28,070 level.

U.S. Dollar (DXY)

Over the last three weeks, the DXY has been in a downtrend as cash flowed from the safety of the US Dollar into risk-on assets. The DXY retraced during this period from 105.00 down to a support level last week at 102.00.  

However, over the past two days, there has been an upward reversal, and the DXY is now testing its first resistance at 102.50. Should it break this level, the DXY could potentially reach the next resistance area at 103.50. The risk-on markets will suffer if the price rises more from here.

However, a rejection at this level would cause the DXY to trend back down, possibly towards the following support region of 101.00-101.50.