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ATH

When to buy back into Cardano?Cardano has show great strengh in price since 20/21 july. Almost a gain of 148%! I didn't expect such a rise in price tough. Totally missed it cause i was more focused on other crypto's. It seems obvious that Cardano is working hard to strenthen there fundaments of their blockchain platform by making it more future proof. I understand that a lot of people want to buy in Cardano right now. However i woudn't recommed it for the short term. After every rapid rise of price, their comes a downside. Also Bitcoin has gained these days and is reaching important support levels. I people want to buy Cardano wait for the price to go down and try to enter at a lower price. In the chart i've highlighted three buy zones. The lower the buy-zone how bigger the chances of a big bounce to the upside will be. The first buy-zone is around $ 1.88. The second buy-zone is arond $1.6 because thats the support of the a previouw tradingrange which lasted almost 6 months... The third buy-zone is arond $ 1 - $ 1.12 which i think should be a no brainer for an entry. So ... I expect soms downside momentum of Cardano as the price has gained so much already. So a short position would be smarter in my opinion. Also Bitcoin is leaning towards important resistence which could lead to downside momentum for altcoin also. The buyzones indicated in the chart could help by finding a new entry after a retrancement in price of Cardano.
BINANCE:ADAUSDShort
by finaboyy
2
ADA ATH and now?We are 78% in profit since I published the first ADA chart on Aug.08. You can find a link to that idea below. ADA broke ATH and now we could see on 2hr chart that volume is decreasing which is an indicator that this move losing momentum, RSI going down, and looks like it wants to break down from this trendline formed. So maybe we could see some correction. The market is crazy about ADA and I don't expect it to be very deep. The expected target could be the previous high at 2,1979, if we break down from the previous ATH level... If break up from this ascending channel, we could see some parabolic action, but ADA is a big coin and there is a small chance for that... Congrats to my followers and to all that are long in ADA...
by PhilosophersStone
2
DIP ON STEALThis one will be a complete technical analysis. Starting point ->>> support lines 73.50$ - 72.64$ Stopploss - 75.40$ 1. Target - 81.05$ 2. Target Buying reasons -2 support lines 74.17$+73.50$ -daily: RSI oversold (30 area) + MACD tendencies for a countermovement Selling points -weekly+monthly MACD indicates sell down -weekly+ monthly RSI indicates selldown -under the SMAs (except for 400) The violet line shows the general uptrend from 2020 to March where we have a break-out (bearish). This shows us that it is unlikely to get ATH. Therefore, I wrote some easier achievable goals. So, first target has a risk reward ratio of 3.11 with +3.8% upside. Second has risk reward ratio of 8.6 with +10% upside, both with a 1.2% stoploss. The stopploss is based on a Fibonacci retracement.
NYSE:RIOLong
by Chrlstlan
The bigger picture for cryptoWyckoff distribution, accumulation, and redistribution patterns have played out since MAY 10th 2021. SOL one of the first top cryptos to burst out of it's wyckoff pattern and set new alltime highs. I believe select cryptos will follow a similar parabolic pattern just like SOL. ADA nearing completion of it's wyckoff. MATIC preparing for it's parabolic run. XRP preparting for it's parabolic run. ETH and BTC will set new ATH as well if they play out similar to SOL.
COINBASE:BTCUSDLong
by hondo_AF
AAPL: New record high! What to do with it?Hello traders and investors! Yes, AAPL has been moving according to the technique, and now we see something new. First, it did a good pullback to the 1h chart today, and now it is going up again, as usual. The 21 ema is pointing up, and clearly we have a bull trend. In addition, we are defeating the ATH today. In the daily chart, we see that AAPL is trying to break the resistance at the ATH. As we discussed in my previous analysis, we were in a Trap Zone, between the ascending 21 ema and the resistance. Now that we are breaking free from it, AAPL has more room to go up. The volume is increasing again, reinforcing the bullish momentum, and only a very bearish reaction could make it drop from here, and do a pullback to the 21 ema again. For now, AAPL is just trending, and we see no pullback/reversal sign around. If you are afraid of a pullback, no need, as we lack signs price-wise. If you liked this analysis, remember to follow me to keep in touch with my daily studies. Have a good day.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
4
AMD Price Action and Volume AnalysisCould AMD be entering the second leg of it's breakout to all time highs (ATH)? (Side note: don't take this as financial advice, I'm just some guy on the internet) While I have already taken an aggressive entry on AMD this past Friday after it gave the signal that it was moving from a Stage 1 Trading Range into a Stage 2 Uptrend, I figured I could still describe what I am seeing unravel before us and what I expect to happen/what my plan moving forward will be. After AMD's strong breakout to ATH, we saw AMD finally lose steam and enter a Stage 4 Downtrend. This downtrend continued with little bearish pressure compared to the rally that came before it. Signifying to me that even the bears expect this to continue to move up in the future and were simply looking for small profits here. We got the downtrend to bottom out near to 50% mark of the first rally. The first sign of a reversal out of the downtrend that stuck out to me was the first bull wedge that finished forming with an overshoot of the trendline at the end. This represented climatic selling and exhaustion. This bull wedge was followed by strong buying by the bulls and transitioned us into a Stage 1 Trading Range where the bulls and the bears had equal strength. Bulls would buy at the bottom of the range and sell at the top while bears would short at the top and buy to cover at the bottom of the range. Notice the two bull wedges inside of the Stage 2 Trading Range. This let's us know that the bulls are gaining strength and the tide will turn eventually. Another signal that points to the turning of the tide, is the double bottom re-test after 3 bull wedges. This lets us know that the bears are weak. They have attempted to push the stock lower multiple times, but each time are overpowered by the bulls. Eventually, the bears are going to step aside because they are tired of being beat and losing money and will let the bulls take control. This then transitions us into our Stage 2 Uptrend, where the bulls have now taken control (for now). We can see a bull trend bar that is breaking above the Stage 1 Trading Range and the EMA. The bull trend bar closed near its high and had huge volume. Indicating the ignition of a new stage. Currently, there is a bull flag forming that looks as though it will have a High 2 breakout. Contained within this flag is low bearish pressure, indicating the majority of bears are still stepping aside waiting for the bulls too cool off. As I mentioned earlier, I have already taken a position on this swing on a lower time frame (LTF). This was taken with a half lot (half of my normal risk) since this was an aggressive entry. Once my trade moves 1 Risk Unit (1R) in my favor, I plan on buying another half lot to get full on my position. From there on out, I will add an additional lot to my position for every Risk Unit the trade goes in my favor. Additionally, I will trail my stop loss 1R below the current price. For example, If this trade tags my trailing stop at 5R, I will ultimately walk away with a 12.5R profit due to my additional lots purchased every time my trade moved 1R in my favor. A 12.5R profit would be equivalent to a 12.5% Return on Investment since a full lot for my is 1% of my account size.
NASDAQ:AMDLong
by Trade_Soup
SPX: New record high! How to proceed?Hello traders and investors! Let’s see how the SPX is doing today! Once again, we have a new record high, as usual. This is natural, as we have a strong and solid bull trend. Notice how the 21 ema is a reliable support level too, and as long as it keeps above it, the trend will be very bullish. The red line at 4,429 is another technical support, but there’s nothing indicating that it’ll drop to this point. Let’s see the daily chart: The index denied all its possible bearish signs, and it just resumed the trend. And the recent movement reinforces our idea that the 4,429 is the main key point here. As we discussed in our last study, I prefer to use this support to guide myself. If you are on SPX, and are nervous about it, you may just wait for a bearish structure in the 1h chart, like a bearish pivot point or any bearish chart pattern and let the market cash you out. I wouldn't use bearish candlestick patterns in the daily chart, as they fail most of the time. In addition, if the index loses this red line we’ll see a decent pullback. But for now, no bearish structures in the 1h chart, and no bearish signs in the daily chart. I’ll keep you guys updated, and in this case, remember to follow me to keep in touch with my daily analysis. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
5
DOW a higher high move 🦐DOW on the daily chart closes the last trading day of the week pushing higher. The price after a consolidation retracement below the previous highs created a nice impulse. According to Plancton's strategy if the market will retest the structure and satisfy the Academy rules we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
FOREXCOM:US30Long
by InkyGrip
22
What to look for $WDAYChart analysis Workday had a big uptrend since the Covid-19 Crash. But as we saw in November 2020- May 2021 there was a head and shoulders formation and price traded pretty much sideways. Buying side: -find a lot of support in the red area (9x) -huge candle with 2 times big wick underneath (bullish) -above 20+50 SMA Selling side: -under 100+200 SMA -intact downtrend since February -breakout of a potential triangle formation (violet/white lines) RSI: not clear MACD: the daily not clear, weekly tendency to uptrend, monthly t. to downtrend I next days will be important to watch. What I would be looking for as a buyer is that prices goes above the downtrend line (violet) to get this confirmation of an new uptrend. The second thing is that we get above the SMA 100 (blue line) and this more than 3 days. This would be in the range of <240$. It could be your first entry but your stop lost must be very tight to the SMAs. Target could be new ATH (+17%) in a matter of weeks. Profit exit could be the 249$ (Sep. ATH), too. Second idea would be to invest over the resistance of 249$. It is a 3,5% difference to first idea but I would say a safer play because we would be beyond the September ATH and therefore have a more valuable buy signal. Target would be new ATH (+13,5%). Alway expect small corrections the way up. They are most likely connected with support/resistance lines I draw. Fundamentals: Seeking Alpha article by Gary Alexander „In my view, Workday's rally is nearing an end. The company has hit a fairly rich valuation at ~11x forward revenue, despite the fact that revenue growth is slowing to the mid-teens and margins are expected to deteriorate following a hiring spree. With a saturated market, I don't see much opportunity for Workday going forward.“ Source: seekingalpha.com
NASDAQ:WDAY
by Chrlstlan
1
BTC/USDT Update: Is Phase E already here? 48k$ and 60k$ nextIntro: - Btcoin broke out of it's downtrend indicated by the yellow line. - The last three times we did take a look at the Wyckoff accumulation pattern and it seems we finally are moving towards Phase E. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart on the left hand side: - The volume continues to increase which is bullish . - On the RSI side we finally got above the 50 line and crossed the yellow line which indicated a downtrend. - The next resistance lines are at 48k$ and the 60k$ so we still have a lot of room to grow. 4h chart on the right hand side: - We see a golden cross indicated by the yellow camera. - BTC broke the 44k$ and shortly also 45k$ level which are flash signs that we move towards Phase E since the last resistance for the Wyckoff accumulation is around 43k$. Expectation: - We expect a pullback to retest the 43k$ and 44k$ line and look for support. - Afterwards there is not much resistance between here and 60k$. So it could be a fast ride. - We expect to hit the old ATH soon within the next two months. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
AAPL thought progression.this is my idea of what is happening with apple. It's important to understand what my thoughts were leading up to current price in order to understand what potential biases I might have carried with me for too long, or ignored to detriment. But it's a nice bull flag pattern. This is my favorite pattern, and I am fully convinced traders could eat well trading this pattern alone, were they so disciplined. I would personally suggest looking for bull flags on the lower time frames. They appear more frequently, and you can often catch the beginning of an impulse.
NASDAQ:AAPLLong
by emehoke