Ethereum Classic, the sleeping giant?One coin that stands out durring these crazy times are ETC. Ethereum has had a ATH of 1280$ (BITFINEX) and yesterday we saw a crazy pump into ETC, but due to BTC crash ETC had to go back to sleep. This coin has been the victim of alot of FUD. Its a fork of Ethereum. ETC has a great team and a great vision, but there are problems. Lets ETH implements POS. That would leave ETC hanging, but i think the team of ETC has been working on something big and only time will tell if ETC will be in the race towards a decentralized future.
If we take ETH prices, and lets just say ETC should be around 10% of what ETH price is today. Thats around 100$ +
So i think there is a lot of room for grow around this coin.
Im long on this.
Positions opened at 2$, 10$ and 27$.
This is not financial advice, i live in my moms basement and i trade like a maniac.
You should do a ton of research before investing any amount.
Good luck out there,
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Analyst
Gold Retracement Before DropThe beginning of October saw Gold making a bearish break of the descending triangle following positive data from the US to support a December rate hike. Since then, Gold has slowly retraced and is now hovering around the 200 day moving average. As India begins its Diwali festival and continues through the wedding season, Gold demand is expected to increase. Along with this, a rate hike is not expected in the US until after the presidential election. This supports a short term upwards movement of gold and a retest of the broken trend line before a drop towards 1200 dollars.
GER30 CRITICAL POINT OF INTEREST (DAILY) Buyer optimism and momentum meeting strong resistance.
Shorting the bounce off major level, back towards the 10400.
Along with the stochastic levels rapidly approaching overbought,
thus confirming further my position when this level is approached.
a triple top formation seems to be forming on a longer time scale possibly this pattern leading to a large sell off on this index.
Price action will be close monitored before the position is taken.
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A break of the trend line will need to be occur along with a bearish candlestick pattern
to confirm the inevitable downward momentum which will follow as long as major levels are broken.
Aud/Nzd I will be watching this pair as I see Bullish Momentum on higher time frames.
We are currently trading near the 78.6 Retracement level on the Monthly timeframe.
Here on a lower time frame, I see it wants to break our down trend structure.
If we get a Break of Trend on the Daily, Ill be ready to go long!
HAPPY TRADING
Bearish Bat completesPotential entry: watch until price rebound from the channel edge and pull back to 10255.29
SL 10447.01
Target 9919.58
In case price break the SL you can go long because there is a strong support at 10858.54
But somehow the chances are bearish and the price is above the 20,50 and 100 EMA so it is somehow in oversold state.
Trade with care. Thanks
EURUSDmacro money margin market models momentum net offer ofset open order options paid pair patient pips portfolio profit pullback put quoStill waitingte rally range rate realmoney retail risk sector sell settlement short slippage spot stoploss swap swiss takeprofit technical trade trading trader traderslife trend unemployment value volatility wedge work
TSLA Cup and Handle 2.0In the end of August of 2014, Tesla completed the formation of a cup with a short handle, and within a few trading sessions, catalysts such as the China Unicom charger deal and Stifel's upgrade of TSLA with a price target of $400 caused the stock to break out and confirm the pattern. A similar cup and short handle has formed today ahead of the Model X reveal. TSLA CEO Elon Musk said in the last quarterly call that Model X configurations will be done in "Early July", which by Tesla time, is actually "Late July".
Tesla: Negative reports exaggerated, positive news ignored.Recently with Tesla, Positive news has been ignored and negative news has been exaggerated. This irrational pessimism, combined with high short interest might indicate a rapid momentum upwards swing is in order. This is especially true if Tesla chooses to announce their CPO program or their stationary storage product soon.