Verizon (VZ: NYSE)

Verizon (VZ) is a legacy telecom company providing a wide range of technological services, with its wireless service revenue at the core of its business. Wireless revenue, which constitutes a significant portion of its top line, rose by 3.5% year-over-year to $19.8 billion, largely driven by its expansive consumer user base and successful pricing strategies. The company also saw a 1.5% increase in revenue from its consumer segment, bringing in $24.9 billion.

Verizon remains the largest mobile carrier in the U.S., with ambitious plans for 5G development since 2019. These plans include enhanced customer service and the integration of innovative applications like smart cities and factories with wireless robotics and connected equipment, positioning Verizon to benefit significantly from the 5G revolution.

In the second quarter, Verizon posted $32.8 billion in total revenue.

We are bullish on VZ above $37.00-$38.00, with an upside target of $56.00-$58.00.

Injective (INJUSDT)

INJ has broken through a significant resistance level and is showing signs of strength, suggesting it could come back to retest this area as new support. The level to watch for a long entry is around $17.5, where the moving averages are beginning to trend upward, further confirming the potential for a bullish continuation. This setup offers a solid opportunity to ride the upward momentum as the market develops.

The strategy here involves entering a trade around the $17.5 mark, with a clear risk management plan in place. If the price dips below $16, it could signal invalidation of this bullish setup, making it a suitable stop-loss zone. By entering at $17.5, traders can capitalize on the upward trend while keeping risk limited.

For profit-taking, targets are set at $20, $25, and $30, allowing traders to secure gains progressively as INJ potentially climbs higher. This trade offers a favorable risk-reward ratio and aligns with the strengthening market structure around this key support level.

Crypto Total Market Cap (TOTAL)

This morning, TOTAL was rejected at the $2T top of the range, a significant level of resistance, and has started to retrace. It appears poised to test the $1.85T bottom of the range once again. Over the past week, TOTAL has struggled to create a higher high, remaining below the $2.25T level reached towards the end of August. This lack of upward momentum suggests that the higher timeframe trend continues to lean to the downside.

If the $1.85T bottom of the range is broken, there is a risk of further downside, with a possible retest of the $1.7T level, which was last tested at the beginning of August. This would indicate continued weakness in the broader market unless there is a strong bullish response at these key support levels.