ROCKET LAB USA (RKLB: NASDAQ)

Rocket Lab (RKLB) has achieved ten successful launches in 2023 and recently announced a significant partnership with a US government customer. The Nasdaq-listed aerospace company’s shares surged by 22% following the news of a US government contract valued at $515 million. Under the contract, Rocket Lab will design, manufacture, deliver, and operate 18 space vehicles, with the first launch scheduled for 2027 and operations continuing through 2030, potentially extending for an additional three years.

Despite it’s relatively low profile, Rocket Lab’s success in launches and government contracts has contributed to a 40% increase in its shares this year. The analysis expresses bullish sentiment on RKLB, setting an upside target between $7.50 and $8.00 with a support level above $4.00-$4.10.

Snap Inc (SNAP: NYSE)

In the recent market analysis, a significant shift in dynamics between buyers (bulls) and sellers (bears) has been observed. Notably, bears failed to establish a new bottom in the September-October period, while bulls successfully broke through resistance, driving the price to $17.9.

Based on the current observations, there is an anticipation of a pullback to the support level within the range of $12.8 to $14. This level had previously served as resistance, and it is considered a potential entry point for purchases according to the analysis.

The analysis underscores the importance of considering both technical and fundamental factors. Thorough assessments, trend analysis, and evaluation of support and resistance levels are crucial. Additionally, staying informed about news or events that could impact price movements is essential. Implementing a clear risk management plan and conducting a thoughtful evaluation of portfolio diversification are also emphasized.

ETH/USDT

The current market scenario indicates that Ethereum (ETH) is trailing behind Bitcoin, and the overall market is struggling to gain significant upward momentum. The price of ETH has found support around $2,160. The observed price action is a cause for concern as it suggests a lack of bullish momentum, particularly compared to other altcoins.

The resistance between $2,400 and $2,500 poses a significant challenge for any potential rally in Ethereum. The analysis indicates that even if Ethereum experiences a rally, it may be one of the last altcoins to do so.

Looking ahead, in the event of a bearish trend, ETH has notable support at $2,000, providing a key level to monitor should the price fall below $2,150. Traders and investors should remain vigilant about these support and resistance levels in their decision-making processes.

FET/USDT

FET (Fetch.ai) is considered a promising coin for the upcoming Bull Run, and a suggested strategy involves adopting a buy-and-hold approach, accumulating in specific price ranges. The recommended buy-in range is between $0.65 to $0.68 and $0.48 to $0.50. Targets for potential profits are set at $3.5 and $5.5.

It’s crucial for investors to stay informed about market conditions and be prepared to adapt to changing trends. The potential upside for FET is significant, especially if the strategy aligns with a bullish market, making the $3 and $5 targets achievable. As with any investment, caution and diligence are advised.