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👀 ETH at a Critical Point 🤞Hey guys, Just a quick one with Ethereum today - it's been trending in an upward channel for some time now, 4 months or so, hitting the high (resistance) line and deflecting to the low (support) line, and back again! It's currently sat rock bottom on the "Support" line - a great time to open a Long trade, right? Maybe, maybe not. No one could blame you for wanting to go Long here, the odds seem to in your favour; but after a big pump of around 4 months of sustained growth it might just break that support, and if support is broken, down she falls! We could be looking at lows back at $186 if a break down out of the channel occurs, THIS would represent a cracking time to enter a Long position! Or, (we think more likely) the price will continue within the current channel, possibly not hitting the high end as that would be breaking all kinds of previous resistance! We're currently going for a Long up to $270-$280 (you watch the price plummet now! :) ), followed a decline in price, to where is still up for speculation! Most importantly, you should be enjoying your trading, if you're not, you are doing it wrong! All the best, theCrypster
KRAKEN:ETHUSD
by theCrypster
1
Double bottom | CADJPYAfter the successful trade on May 25, today we have new potential at CADJPY. The price forms a double bottom with a potential of 80.41 If you are not familiar with this formation: A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. What Does a Double Bottom Tell You? The double bottom pattern always follows a major or minor down trend in a particular security, and signals the reversal and the beginning of a potential uptrend. Consequently, the pattern should be validated by market fundamentals for the security itself, as well as the sector that the security belongs to, and the market in general. The fundamentals should reflect the characteristics of an upcoming reversal in market conditions. Also, volume should be closely monitored during the formation of the pattern. A spike in volume typically occurs during the two upward price movements in the pattern. These spikes in volume are a strong indication of upward price pressure and serve as further confirmation of a successful double bottom pattern. Common mistakes 1.Do not looking for the pattern within an up trend! 2.When the bottoms are equal or second is lower than the first one - this is not a double bottom. 3.Don't be greedy and do not rush, always wait for confirmation.
Long
by ForexTrendline
45
PRTY - Potential Bottom Swing PlayParty City is in no way sheltered from the current state of things. Most stores are probably shut down, but with all the increased buying I believe we have hit a bottom and can break up to an upper channel off its most recent move. I do not have any shares of PRTY but will be looking on monday to buy in the area of 0.58-0.61 if I get the chance. First price target is 1.18 and depending on how strong the move is, I may ride some up to 1.66. This is only a swing idea, I am not necessarily bullish on PRTY, but I do believe in the swing potential setup here.
PLong
by UnknownUnicorn7786231
3
Ucrest DailyI-Medic is one of the products from United Crest healthcare: I-Medic bridges the physical gap between your Doctor and you, allowing you to receive personal care from your doctor no matter where you are.......With the Coronavirus incident, it is important to realize the important of health and the speed of detect symptoms is crucial to get cure as soon as possible, and for the future, almost every one need online healthcare service in order to keep tracking the body condition, the services from UCREST expecting to be benefit from it.
MYX:UCRESTLong
by thefundedfx
LONG - BNB - Trading OpportunityLooking into a possible reversal for BINANCE:BNBBTC , perfect bounce from a support that has only been touched twice in more than a year, with a huge multiple bullish divergence on the 12h chart and even the daily. This is honestly looking like the possible bottom for BNB mid-term. Entry: 0.001700 Target 1: 0.0019583 Target 2: 0.0020798 SL: 0.0016239 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Long
by ElMomento
Have We Actually Hit the Bottom Yet?Have we hit the bottom yet? Weekly 200MA which many people use point towards a double bottom test that we have had, yet other indicators which I believe are more useful in showing accumulation zones show that March's drop to 4k was not actually a second accumulation zone. You can check out this chart I have uploaded.... ibb.co CVDD and Balanced Price are really good indicators showing us where the market has bottomed. It does not appear to show a second accumulation bottom which the weekly 200MA does indeed show. Staying in the 4.2-4.5k zone for a short period of time I believe will be the true bottom.
BITFINEX:BTCUSD
by Danimal69
3
Anything is possible with a low floatWait for breakout of long term downtrend we can see big weekly accumulation lot of gaps to fill on the daily Shs Float 28.61M Short Float 5.18% Insider Own 17.50% Casa is a leading provider of converged broadband infrastructure technology solutions for wireless, cable and fixed networks. 12 nov: unveiled its new NetComm CloudMesh: provides leading network visibility, analytics and self-optimization to ISPs enabling them to solve the in-home WiFi experience problem. Todays' jump: * announced that Maurizio Nicolelli, Chief Financial Officer, has notified the company of his intention to resign to pursue a CFO opportunity outside of the communications technology industry. Mr. Nicolelli has agreed to assist in the orderly transition of his CFO responsibilities and will remain with the company until January 31, 2020. * Raising its fiscal year 2019 GAAP revenue guidance range from $255 million to $270 million to $275 million to $280 million. The Company also expects to meet or exceed its fiscal year 2019 guidance for gross margin, adjusted EBITDA, and GAAP and non-GAAP diluted net loss per share previously provided in the Company’s earnings release for the quarter ended September 30, 2019.
CLong
by Charlestrad3r
2