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ZIP Co Long OpportunityBased on long term trend and continued increase in Profits a good potential long opportunity is building. Strong support area's converging along a potential 61.8% Fib retracement from COVID low areas. Best buy in price could be around $4.80-$4.90 with a stop loss around the $4.50 mark and first Take Profit (Trading not Long Term) around the $10 area. A good divergence on Price and RSI+MACD is starting to play out too indicating a potential reversal. Always do your own research!
ASX:ZIPLong
by ichtusb
Who saved my Z1P?🤫🚨🚨🚀ASX:Z1P seems to bounce back but is the savior clement enough to let it shine once again or is it a bull trap before a plunge deep down in the bears dale? Lets deep dive and analyze. If you remember my last post on ASX:Z1P I mentioned that this stock was playing with fire writing a H&S or head and shoulder pattern. Eventually it got caught up in its games and it started dropping. But who stopped that drop? You can see the big red line on my chart, that is Mr 200MA that said nah nah to bears and gave another chance to Z1P. But can we say the worst is over and we bouncing back? Of course not, not until we have either consolidated at the 5.3$ levels for few days and at least close one daily candle above 5.540$. Besides the bullish structure is broken and we need bulls to come back. Also reading the orders book I can see bears still in control for a 2/1 force. Other points to notice, stock below 8 and 21 EMA so not looking good imo. I will keep my eyes on this stock as historically it has been a source of juicy profits and will update you when I find any tradable structure. Stay safe and keep smashing the likes. XTF
ASX:ZIP
by xtf_ze_trader
ASX:Z1P about to Plunge to the abyss🚨👿🚨The charts dont lie. ASX:Z1P is drawing one hell of chart pattern if it is confirmed, ASX:Z1P bulls may have hard time. This pattern is none other than H&S . From ZIP has been hovering above 6$ for a while but apparently things start taking another dimension. It is not only hanging on a thread but also looks like it is waving bye bye to the extension we saw above 6$ and to the bull trend if the 5.8$ barrier is broken. The chart shows it all and the H&S neckline is broken we may see price falling to the level seen earlier in May 2020. I am not excluding seeing the 3.7$ level where we have a strong base and support for this stock to prepare for further attacks towards the 10$ range. Also, remember of the gap between 3.7$ and 4.7$, although gaps dont necessarily have to fill, they most of the time fill, maybe this stock want to fill the gap. For now I am waiting for next few days to see if 5.54$ will be reached and to see if it will hold. If it does, I may open a small position that can be scaled if 6.3$ is taken. I will keep you posted for any small change on this stock. For now it will stay on my RADARs. Stay safe.
ASX:ZIP
by xtf_ze_trader
3
Bullish Momentum for Z1P Targeting $7.50Hello Fellow Trader! Z1P has been well supported at $6.30 for the past week, even during that short term sell off after Presidential debate, buyers came back through holding price within this range. Many signals on the daily and 1 hour are now suggesting further support to the upside, and a recovering Nasdaq’s 8% rise since the 24th of September suggests the tech/payment sector could well be back in force. Key Points: - Daily – Price above 50 EMA - Daily – Price Above 200 EMA - Daily – Range break out with increased volume - Daily – Gap void between $7.50 - $8.00 - Daily - $8.00 Clusters with 50% Fibonacci Retracement - 1 – Hour – Above 50 and 200 EMA - 1 – Hour – Breaks $6.50 range - 1 – Hour – Increased volume during long bull bar Key Levels: Support – 200 EMA, 50 EMA, $6.50 Resistance – $7.00, $7.50, $8.00 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $6.50 Supporting Entry – $6.70 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below $6.20 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $6.50 – Target 1 $7.50 = 3x Reward to Risk Optimal Entry $6.50 – Target 2 $8.00 = 4.7x Reward to Risk Supporting Entry $6.70 – Target 1 $7.50 = 1.5x Reward to Risk Supporting Entry $6.70 – Target 2 $8.00 = 2.5x Reward to Risk
ASX:ZIPLong
by tradetheday
1
Splitit ready yet to take over the IPO high? 2+The high that was created by the hype during its IPO is ready to get taken over by the hype that's created from a cashless society. TA, - MACD daily golden cross - MACD volume increasing - Demand volume increasing - Broke out of bullish pennant - Bullish Moving averages Hoping for some consolidation at this level due to 2 massive supply tails at 1.915. Watch for the break of 1.915 and 2.00 FA, - BNPL hype - Pent up demand over the weekend. No, really that's a thing now. People hate weekends cause the casino is only open from Monday-Friday. - Visa, Mastercard, Stripe partnerships - Founder Brad Paterson :Former VP marketing at Intuit, Director for emerging products ANZ for Visa, Head of new ventures for Paypal - 460% revenue growth - MSV 260% (Creating win-win situations for merchants and SPT) - Gives the customer more options with 3,6,12,24 months unlike other BNPL's. - Allows the use of existing credit without interest rates. Less credit risk and easier to integrate with Visa/Mastercard ?
SLong
by ashainp
2
Did Afterpay just break it's uptrend?I noticed on the daily chart today for APT that it has potentially broken it's uptrend for the first time since March 23 this year. The breaking of the uptrend itself doesn't mean its the end of the world, but in my experience, it's certainly a warning flag. The closest daily support I can find (no a lot to work with) is around $65.80 (marked on chart) Breaking both the uptrend and the support will be a red flag for me. What do you think about APT? Are we seeing some resistance here, or merely a pause between rocket ships? Comment below! Trade Safe! Note - None of this is financial advice, merely an opinion and observation. There is no guarantee of anything occurring. Please do your own research.
A
by glennleese
16