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20sma

$TSLA - What happens in the red circle? Low risk 9/16 putsWhile I usually use candle charts, sometimes I switch to line charts for better perspective. On the weekly you can see: * resistance at 50sma ~298.40, price is there * white down trend line is ~308-310 * price already reversed from 50ma, tested 20sma, and put in a big upward move this week (reason for caution on puts) Look at the yellow circle on RSI (14 day). It tested 50 and is back up. If RSI closes above 50 today, then a trade above today's high negates RSI support for puts. It could still rise and move down later Monday or Tuesday, but support from RSI will be weak. Stochastic - %K is red in the yellow circle however as seen on the left we cannot expect it will immediately turn down. I like %D, gray line, which has already dipped once and is now up again. This is a good time to buy puts - put options are cheaper when bought as price is rising. You can look left and see that %D will zig zag in the process of %K turning down from over 80 (or turning up from under 20). Remember this is a weekly chart. Choose when you take profits. Today I am keeping the position as long as price stays below 289. My risk thus is very low since I bought when TSLA was ~298.30. Since I carry the risk of a gap or move higher on Monday I have a very small position to hold over the weekend. I have support on the 30m chart - directional buying volume is elevated (buyer exhaustion) and both 5ema and price are above the Keltner channel. On the daily chart today is the 4th green candle while 10ema is still below 20sma. If today the candle closes above 200sma I see a good possibility that price at least pulls back on Monday.
NASDAQ:TSLAShort
by OptionsRising
4
SAND descending channel possible? Will we see a breakout from this descending channel? Broke above 20sma and now we have horizontal resistance at 0,7501 and a second big and important one at 0,7795. Between them is now 200sma. So even if we can see volume increasing since 20sma breakout, it could take some time to break these resistance levels. Long entry under any of them is recommended only for scalp traders. SRSI is high and pullback is possible soon. Good luck traders
by PhilosophersStone
AVAX possible scalp, or?Avax printing symmetrical triangle, before the breakout of horizontal resistance or resistance falling trendline, we got 20sma which will be a nice test of AVAX strength. If we get above it and successful breakout, we could see the price going up, possibly hitting 200sma which is now about at 59. it's going down, but if enter long, that is the first level to be watched. If getting above 200sma and successfully retest it, we could have a bigger upside move. Good luck traders
by PhilosophersStone
ROSE ascending channelROSE formed ascending channel, if price come above the resistance level at 0.2, be extra careful until we get above 20 and 200sma, they act as resistance when the price is under them... indicators look bullish on 4hrs chart we could see ascending triangle forming so the upper resistance level 0,22989 is the next target to watch if get above those lower ones price could bounce down from it since it acted as big resistance recently and was a big support
by PhilosophersStone
ICP at supportdescending channel, respecting established levels amazingly well... if 46.93 is lost as support, a bigger move down is possible and could be a great short opportunity recently bounced down from 20sma, which is not bullish MACD relatively low, SRSI death cross printed, RSI could go pretty much anywhere from this position... So I guess we should pay attention to that support level and on that resistance trendline of descending channel. Anyway, can't go up while at least break up from that 20sma (blue line). Good luck traders
by PhilosophersStone
3
BLZ big resistance overheadBLZ got multiple resistance levels overhead, resistance trendline started in March, and looks like that price respects it (one bounce down since established), 200sma daily, and 0,28 level that was support and now acting as resistance. Now in this "small" falling wedge (bullish figure). SRSI is on the top and we have a chance to move down, retest 20sma, or that support found at 0.1855. If BLZ breakout above these resistance levels we could see a big move up so it's worth setting alarms for this one. Good luck traders
by PhilosophersStone
1
Gala bullishLooks like forming a falling wedge now. SRSI and RSI looks bullish on 1 and 2hr, MACD could turn up on 1hr, on 2hr still bearish looking, I was expecting that it will retest 200sma at least, on a bigger timeframe not so bullish, so this could be a short pull-back move only (scalp trade). Maybe just bearish retest of this WHITE trendline that used to be support, and now we broke down from it so it should act as resistance now. So if entering long, watch breakout level (yellow line) 20sma (blue line), resistance trendline of that new falling wedge, and that white trendline... All of them you should look at as resistance now. That is really a LOT of RESISTANCE LEVELS stacked near each other, so be careful... Good luck traders
by PhilosophersStone
1
DOGE barkinglooks like it wants to break that resistance trendline starting in May, significant level .2624 is above head and 200sma also on that level, making this crucial point to get above for any chance to get more upside action. Between 200 and 20 is mostly crazy behavior for the price action, bouncing up and down few times before direction is decided. MACD is bullish, but SRSI is high and we could see some pullback. RSI could use a bounce from 50 level, if going further down we have more chance to visit 20sma before try to take over 200sma. If that 50 don't act as support, we could even see a retest of support at .1983. Before this is decided, I recommend only short-term plays with DOGE... Good luck traders
by PhilosophersStone
QI (BENQI) trendline breakout soonthe red line is 100sma, still not enough history for 200 to be seen if this big trendline is broken and retested, could have a nice upside move in the mid-term if the market does well. SRSI is on the roof, and could see some pullback before going up... ideally would be if breakout and then cools off while retesting it... the first big test for QI would be that 100sma level, which could be TP level, or just a small hurdle before going more up...
by PhilosophersStone
Tesla Autopilot is a lesson in misleading marketing"Autopilot" is contradictory to Tesla's own description that it " is an advanced driver assistance system." So is "Full Self-Driving Capability." The language gets people excited enough to ignore the reality, as Tesla states the features "require active driver supervision and do not make the vehicle autonomous." So please, stay in the driver's seat! (source: www.tesla.com) On the weekly chart price came back up to retest 20sma last week and opened under this moving average today. The 20sma is now resistance. Will look for RSI on daily to move below 50. On the 30m chart, price rebounded after a morning nosedive, and then stalled between 711-715. A 680 target, if selling continues, also aligns with the daily 20sma. RSI dipped very low this morning and does not yet show bullish divergence. While it does not always occur, it is a common pattern. the yellow line path shows a possible fifth wave down. Otherwise price will hold 710 and move up to fill the gap (green line).
NASDAQ:TSLA
by OptionsRising
1