Resistance Levels if market downtrends continue.The overall markets are quite murky these days. With the VIX are very high levels, both bulls and bears need to watch the larger market indicators such as $SPX, $INDU and $TSX before considering risking capital in the markets. Whether long or short.
Assuming the downtrend continuing this week, here are some of the resistance levels based on previous highs and lows.
Aurora
Auroracoin (AUR/BTC) Strong chartThis coin is showing all the signs to head up. At short-term and long-term charts we have positive indicators such as MACD, RSI, DMI, and Stoch just shot up which moves a little faster than the others. All of these things are perfect signs of a strong uptrend, especially since 1 week, 3 day, and 1 day are all showing uptrends. Now that BTC has become more stable I think this is the perfect time to jump in this trade.
Buy-in: Now, .000135
Stop-loss: .00009
Targets:
(1) .00021 (55%) - I prob won't sell here
(2) .00029 (114%)
(3) .00038 (181%)
(4) .00047 (248%)
(5) .00056 (314%)
(6) .00065 (381%)
You have to have patience with crypto. Trying to make a quick buck in crypto has great profit potential but the risk is always too high and not worth it. If you are that lucky you might as well be a gambler.
Crypto almost always performs if you know what to look for.
Breakout Long Idea on $ACBFF - Aurora Cannabis Inc$ACBFF has a good setup for a long idea on a breakout. The stock is extended but with Marijuana being so hot right now the momentum alone can make this a nice trade.
This stock is actually the U.S. version of Canada's ACB:CN. What I like for the trade's potential is marijuana is legal in Canada which gives people confidence that these Canadian based stocks can really run with limited headwinds. $ACBFF showed up today on my 'Darvas Breakout Scanner' and I currently have an alert, on my thinkorswim, setup at $11.80 which will likely trigger tomorrow.
Entry: Above $11.83
Stop: $10.85
Target 1: $15.79 Risk:Reward 3.99
Target 2: $16.80 Risk:Reward 5.01
(KSHB) Kush Bottles Perfect Stock, CANSLIM, Weed StockThis is a GO BIG AND HOLD stock. I don't see perfect stocks on the OTC markets very often. In fact, I suspect the only reason this stock isn't on the Nasdaq is because it is a weed stock. They don't sell marijuana though, but they probably have plans of entering this sector eventually. They just sell pipes and marijuana paraphernalia, located in California, the 8th largest economy in the world. They are also almost 10 years old now. This stock is a no brainer really. Perfect. The float is perfect; the earnings growth is perfect; the industry is perfect; the buzz is perfect; the volume, perfect; the breakout, again, perfect; the name, perfect; the cup and handle, perfect. Everything about this stock is perfect.
Entry is 3/4th's tomorrow, January 12th, 2017, add the rest on a pull back or on next big volume day. This stock is going to $20 eventually. A perfect long term hold
AUR/BTC broke support downward/sideways trendUsing a 4hr chart, macd and ichimoku lines show coin is bearish breaking multiple support lines. rsi shows coin is not over sold, coin may go sideways for a bit or break final support and spiral downwards.
ACBFF AURORA CANNABIS BREAKOUTAscending Triangle. T/K CROSS. KUMO CLOUD TWIST. BULLISH RSI. RECOVERING FROM BULLSHIT AMERICAN SESSIONS SENTIMENT. GO FOR IT.
ACBFFAurora Cannabis is breaking out on the weekly chart. Golden cross on the daily chart. What's not to like about it? Anyone...?
6 month target $4.60
Optimal Trade EntryWilliams %R still not oversold. Bids set in yellow box. Also have a series of three higher highs indicating possible trend up (although we have been trading in a range since November). Aurora may be more efficient than other Cannabis companies once their new facilities are constructed.
Long, Fundamental analysisSame reason as Canopy Growth. I like the chart as week : possible ascending triangle