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Aurora

AURORA (AOA) Project Overview + New UptrendHere is another altcoin pair/project that is trending on KuCoin... Let's have a quick look at it and proceed to the chart. About Aurora Aurora Chain (AOA) holds the mission of creating bright an colorful blockchain world with fast-working contracts that facilitate easy development of applications on the blockchain. The team strives to allow businesses from disparate industries to cooperate using the distribution of a fixed supply of the underlying currency AOA as a means of ensuring the speed and functionality of the consensus mechanism. As such, transactions may be realized quickly from delegated proof of stake voting equipped with byzantine fault tolerance to improve interactive consistency within the system. Source: Coinmarketcap.com Website: www.aurorachain.io ------------ Aurora (AOABTC) is now forming a new uptrend and trading within an ascending channel. We are looking at a bullish setup here that can easily do more. We are likely to see this channel broken to the upside (green arrow). If prices drop, support is found first at EMA10 or 0.00000030. The next strong support level is a mixture of EMA50, EMA100, and MA200 in the 23-25 satoshis price range (0.00000023 - 0.00000025). We are highly bullish above this range (bearish below). The next strong target is marked on the chart for 94%, followed by 160%+. This is not financial advice. Thanks a lot for your support. Namaste.
A
by AlanSantana
1
Is it Up in Smoke for Pot Stocks? | ALTERNATIVE HARVEST ($MJ)🌿 Alternative Harvest is on its way up after an extremely bearish last half of 2019 for pot stocks, but is it up in smoke or down in ashes for MJ? Right now we have MJ rallying off the bottom as darlings of cannabis like Aurora and Tilray push higher. This move in some pot stocks has pushed others up. Some of this is fundamental, with some better than expected earnings and one study that shows that maybe smoking pot helps ward off COVID, while some of this seems to be FOMO. Although pot stocks can really run when they run, the overall bearishness of the trend has us looking to short exhaustion from this rally... even if it is just as a hedge (although we will likely wait until Tuesday's open to execute this since we have a three day weekend). Resource: www.thestreet.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like & Follow to help the Alpha community grow 🎉🎉 --- 1. Fractal Trend is showing a downtrend (Maroon bar color) on the 4-hour timeframe. Despite the recent strength in MJ, the trend has been bearish for a while. 2. With this strategy, we are looking for short setups in a downtrend and as such want to enter short on retests of bearish order blocks plotted by Orderblock Mapping (Maroon line color) and/or bearish S/R levels plotted by Directional Bias (Maroon line color). 3. We are looking for a short entry off of the range formed by the R1 bearish order block with a stop placed at the gap and a target of the S1 order block + S/R flip cluster. 4. If that entry doesn't work, we are looking for a short entry off of the major S/R flip at R2 with a stop placed above the R3 order block cluster and a target of S1. 5. Additional notable levels include S2 and S3. Notable here is that a bounce off S1 would create a potential series of higher lows lending to the bull case for MJ, while a break to S2 or S3 would break the short term bullish structure and lend itself to the overall bearish bias the chart already has. This short setup makes a lot of sense to us given how bearish MJ has been over the past year and are not trying to catch any knives calling a bottom too early. That said, due to recent strength and a three day weekend for the retail markets it makes sense to hold off on opening a short until Tuesday. Good luck MJ traders!
AMEX:MJ
by AlphaBotSystem
Inverse Head & Shoulders breakout for ACB?ACB has been on a nice bullish uptrend since the 12 for 1 stock split, that was a great move on their behalf, however, it is interesting to see them buy a U.S asset & issue shares immediately after lol. An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders pattern, upon completion, signals a bull market Investors typically enter into a long position when the price rises above the resistance of the neckline.
TSX:ACB
by ScotianBot
AURORA CANNABIS INC ACB LONG SET UPBUY AT 0.77 & 0.64 SL 0.26 TP.1 $1.40 TP.2 $2.64 Tp.3 $4.20 TP.4 $6.40 When most people think of marijuana stocks, the last thing they think of is dividends. The legal marijuana industry is still very young, and new companies in growing industries need money to expand. Furthermore, U.S. investors in the marijuana space tend to currently focus on a handful of Canadian companies that have enjoyed the opportunity to list on U.S. exchanges.
ALong
by MavRich_Trading
ACB is rejecting from $19 level of resistanceIndeed, the market shares of Aurora cannabis in recent days blew very strongly from the point of view of volatility, the ATR indicator has jumped up from zero very fast. The stock has grown in value. But to judge this chart from the point of view of the interaction dynamics of price and volume is difficult because the market is too "noisy" and specific. Nevertheless, we will try to do the analysis. Technically, the stock is in an uptrend which is marked by the orange lines. While the price is above the 50% Fibonacci at above $12 level, we need to consider this action from the perspective of bulls. Level $12 per share is also very strong because we have a large bulb on the right side of the chart, in the market profile indicator. Also in favor of the bulls, there is the fact that the price is trading within the current orange channel. Everything speaks in favor of growth. However, I'm confused about some facts in the area of $ 19. The first fact - a narrow spread on large volume closing near the middle and the subsequent deep pullback from the overbought area is a clear sign of weakness (EVRT). Number two, I outlined SLKT - it's tiny exceeding the previous maximum, which has a manipulative character. Number 3 was a widespread down bar on high volume. I would have interpreted it as a Bar of Supply (SB). Thus the signals form the sequence 123, which often could be found on top of the markets. With confidence, I can say that the area of 18-19 dollars per share acts as a powerful resistance. As you can see, the signals are controversial. Given the weak opening of today's session, I would have preferred the game on the bearish side, because it is the most recent message from the chart. As long as the price will trade lower than $ 19 per share, the uptrend is under threat.
AShort
by fintechzoom
1
[$ACB] Marijuana stocks are Strong !FR/EN Tous les majors des producteurs de cannabis thérapeutiques enregistrent de forts gains, pour autant, $ACB annonce de très bonnes nouvelles, et cela plait fortement aux investisseurs : - Croissance plus haute que prévue du revenu (+35% de hausse ce trimestre - 75 Millions $ Canadien en Q1) - Production du cannabis thérapeutique parmi l'un des moins cher du marché , 4,33 $ Canadien et ACB continue d'innover pour fournir un produit de qualité à moindre coût. - la légalisation du Cannabis se démocratise aux Etats Unis - 11 états + Washington D.C ont légalisé le cannabis récréatif + la légalisation totale au Canada depuis Octobre 2018. -- All of the major therapeutic cannabis producers are making strong gains, yet $ACB is announcing some very good news, and this is very pleasing to investors: - Higher than expected revenue growth (+35% increase this quarter - C$75 million in Q1). - Producing one of the cheapest therapeutic cannabis on the market, $4.33 Canadian and ACB continues to innovate to provide a quality product at a lower cost. - Cannabis legalization is democratizing in the United States - 11 states + Washington D.C. have legalized recreational cannabis + total legalization in Canada since October 2018. Translated with www.DeepL.com (free version)
ALong
by NicoDCrypto
AURORA -ACBNYSE:ACB The Market has been bearish for the last months and I was not able to find any reversal signal, this is the reason why there is the 40% possibility that the market might keep going down. The option A is valid if there will not be any reversal signal of the market. The market should keep going down. Let's see if in the next days the pries will form any reversal pattern to say that it a good long term investment. Currently, the idea is to hold and see if we can go long as per option A.
A
by Mauriello
4
Rolling Up The Cannabis LoudPack Aye?Symbol: ACB Cannabis stock analysis, want to see this one play out. Correlate it with the last etf I just shared for cannabis sector health. Hope this helps. Enjoy. 🤠 ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Also checkout our trading indicator available in the link on our page. --------------------------------------------------- Thank you for your continued support, God bless. - Major League Trader
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by UnknownUnicorn2319099
7
ACB goldgreenboiWork out where you want to buy and sell based on the info provided on the chart, make your own financial decisions . This is the treasure map . No X marks the spot however. Hint: Horizontal Lines are strong levels and solid targets. Trend Lines are not as reliable or as solid as Horizontal Lines. ACB Financials are growing exponentially, their sales and timing are impeccable with the markets. Canada legalised Cannabis on 17th October 2018. B uy the R umour, S ell the N ews. 1 May 2019 - Canada would introduce excise tax on all products containing THC, and introduce three new product classes for recreational sale: cannabis edibles, cannabis extracts, and cannabis topicals. NYSE:ACB TSX:ACB FWB:21P
FWB:21PLong
by Mt.BFX
Aurora Cannabis - Godly swing trade setupThis might be a long analysis but let me explain why this stock will go higher than Seth Rogan on 4/20. The stock market and the cryptocurrency markets continue to trend up and we are starting to see companies in all sectors start to break out. This stock is an amazing opportunity because it recently dropped 17% to 1.65 based on FUD. Do not let FUD news influence your judgement, let the TA influence your judgement. Aurora is fundamentally stable and the growth of cannabis is inevitable due to Millennials and Generation Z. This company is on a secular uptrend but it has recently followed the rest of the cannabis stocks such as CGC on the way down. But it's gone down far more than I believe is reasonable. Do not fool yourself to think that it's the company doing really bad, it's not doing bad enough for this to disregard supply and demand, its the sector going down. It's not sustainable for this sector to continue a downtrend in the middle of a bull market. A lot of sectors have already curved out of the pullback phase and began their uptrend. With that being said, the possibility of a swift bounce to $4 in the short term is very likely. Another aspect we need to look at is the triple top at $10. I believe if the stock curves up to 4$, then the momentum should push price beck up to the triple top, which will certainly be broken(similar to the tesla trend). This stock should swing to $15-20. Let's get into some indicators: 30 week moving average: normally I look for the stock to be crossing the MA for me to be sure about a reversal but the stock fell so sharply that it skewed the 30 and 50 week MA's. They do NOT hold relevance at this moment in time. It will very soon when the stock is trading at around 4$ and then we should start seeing a cross on the 30 week MA, instead of this MA that looks scary. RSI: the RSI is bottomed out, I use 30 with a 30 MA on mine because I dont like using the 14 RSI, I think it caps you out too soon. According to the RSI we have a massive amount of room for momentum. You can call me cynical but I've been doing this for a while and I know this stock has enough momentum for a swing to $15-20. MACD: we had a bullish cross on the MACD on the week of January 13th. Volume: we can see the bottom being caught by large volume. The bulls are here, we're buying the support level. If you zoom in to the daily time frame you will also spot an inverse head and shoulders pattern that's still holding even after the recent 17% drop. Horizontal Support: we're holding a massive support level from 1.30-2.00 that's relevant from OCT of 2016 to OCT of 2017. So to wrap things up, we have several bullish indicators and we know there was a massive influx of volume on the triple top level around $7-10 and a massive support level at $1.30-2.00 from 2016. We're in a bull market and the company is not doing bad. Aurora will shoot up.
ALong
by eneakume
29