Bounce
GALAGALA is getting getting rejected hard by the GP/Resistance. It's trying to change trend, but still ways to go until Downtrend Channel's Upper limit.
Looks like it's retracing, how far isn't clear yet, I'm watching what GALA will do at 0.23446.
Theory #1
GALA bounces off 0.23446, it can go parabolic again and break through the GP.
Theory #2
GALA breaks below 0.23446, it will travel towards 0.22445 - 0.22173 region for another strong bounce attempt.
There's no strong change in Volume, so both Theories are in play.
I'm watching GALA on an 8M chart as it approaches 0.23446
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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$VIX - Friday Relief Rally?As recently as yesterday, before Russian forces recklessly attacked Europe's biggest Nuclear facility, I posted my thesis that the VIX was heading toward a decision point on March 10th. CPI data release for this month.
If this original idea was correct, one should expect a relief rally today.
It would make a lot of sense considering volatile market action lately. Especially after a down day yesterday.
You can see the VIX kisses the upper end of my triangle. It could be getting ready to ease and consolidate toward the lower end of the triangle for a time today.
Not expecting this day to be an absolute cliffhanger. We should get some buying at some point if my VIX analysis is correct.
ETHUSD LONG POSITION CLOSE TO BREAKOUT!ETHUSD broke downtrend and started forming triangle pattern, already bounced once, now we are waiting for retracement to the bottom of triangle, and break out at the top and rise till 50% fib zone at 3564 zone, my entry point would be 2579 since there is a 50% fib zone and also it should hit Bollinger band at that point since it did it before (Also if you want even bigger risk to reward ratio you can enter at 2560, but there is more chance to get a breakout down and hit stop loss) and stop loss at 2271, it is more risky entry, since it could be a fake out and it could go back into down trend if you want a safer entry you can wait until it breaks out at the top of the triangle at (2848) and even wait for a retrace back after breakout, to make it as safe as possible but the reward will be significantly lower.
Perdition of ETH LongRussia News starts to tame down but Gas prices and Trucker convoy protest in US make markets unknow. Pushing Bulls to pull out of wall street and run wild in Crypto. 5th or 6th of March. We will see a separation of Crypto not moving with the market as the bulls pore long investments in to BTC and ETH dragging all alts to the top. I think we should see 2200 for ETH maybe 1800/1700 but that's the bottom no mater what. bounce up to resistant at 3k down to support gathering at 2600 , bounce to 4k and resistance. key future resistance where we will see dips, 3k, 3.5k, 4k, 4.5k then late year pump with no dump to 6.5k Fall/winter 2022. December will roll north slightly with January and February 2023 moving up to 8k. IMO I think this will happen. we shall see. Yes I hold crypto in a lot of coins including but not limited to BTC and ETH.
NEVER Take anything I say or post as financial advice. Never invest or trade more than your willing to lose. All my post on Trading view are only what I think will happen and are for entertainment purposes for my self only. May I learn from others and my own thoughts so I may become better at making my own life wealthy with knowledge witch is more valuable than anything material or digital.
Hidden GemFirst time ever going flat, not dropping lower regardless of BTC , also has gone up a bit as BTC went down showing demand. New co about to take off IMO. I believe this is the hidden gem. 0.10 by the 5th of March. growing in popularity on Social. Hipsters love to chip pets and use an app to help shop, care and play for there pets. I bet this will be a winner. GL
⚡️⚡️ #VIB/BTC ⚡️⚡️- 17% - LONG⚡️⚡️ #VIB/BTC ⚡️⚡️
#BLOCKSHOT
Signal Type: Regular (Long)
Note: Exhaustion Bar Signal, OverSold Stoch Cross & Coming into 200EMA support
Entry: 82
Target 1: 91
Target 2: 96
Stop-Loss: 76
TSLA: These are the KEY POINTS we must watch for now.Hello traders and investors! The movements on TSLA have been so technical and precise, and it is behaving according to our technique. Let’s update our thoughts. Remember, the link to yesterday's analysis is below this post, as usual.
First, in the 1h chart, TSLA is still bullish, as we expected, as it is still doing higher highs/lows. Is there any bearish structure around that could indicate it will do a sharper pullback or even reverse the trend? No.
In fact, TSLA is trying to break the previous top at $ 922, which is another good sign. To me, TSLA is inside a huge Ascending Triangle made by the black line at $ 943 and the purple line which connects the previous bottoms. This tells us that our next stop is the $ 943 again. What will it do from there? We don’t know, but we don’t have to know in order to trade well. Trading is reactive, not predictive.
All we must know is that TSLA is still bullish, and pullbacks to the 21 ema and to the $ 896 are expected, and wouldn’t be a reason to panic at all.
In the worst case-scenario, I see it retesting its purple line again, but I don’t see a technical reason to work with this scenario right now.
In the daily chart, we see many support levels (the retracements), and this is another reason why it wouldn't be too easy for TSLA to drop from here. However, as we expected, the 21 ema is here to annoy us. Probably this week, we’ll have our answer if this is a Dead Cat Bounce or not.
I’ll keep you guys updated every day on TSLA, so remember to follow me to not miss my daily analyses.
30% chance of ATH soon for BTCIn this theory, there seems to be 3 equally weighted scenarios that may play out in the short term. Regardless, I believe the long term is still a slow trend to the upwards side. However, this could become a more exponential growth if 1 of these scenarios plays out, which has a 30% chance of occurring.
Continuation to ATH: 33%
"Dead-cat bounce" with a head and shoulders forming in the $48K-55k range: 33%
Immediate rejection around $48k-52k, then a drop down to the $30k range: 33%
Yea..."it could go up down or sideways"... I get that, however this is my "more detailed" version of that here.
A healthy movement on the RSI over the next week or two will be the best indicator here for the bullish scenario, and an over correction of the RSI will most likely signify the bearish scenarios.
Analysis of HOOD for 7/8HOOD has been doing some interesting things lately, and unfortunately its starting to look weak but also prime for a bounce if market is bullish! Below I have charted out what I believe is the key levels it wants to move towards dependent on market conditions. If VPVR is given up I believe next stop is 13.30, which could bring another rally, orrrr just continue to sell off. Other scenarios in bullish market are a run and stop at 14.50, before then struggling and falling, completing the head and shoulders and most certainly bringing 13.30. Unless it can rally past 14.50, 15.20 and continue on its recovery.
All around plenty of movement if the volume is there.
USDINR set up for a bounce?USDINR has met a perfect confluence of lower trendline support and horizontal support on the Daily, and has just seen a small bounce of this support as confirmation. Before the bounce we saw RSI drop to 26 on the Daily and even lower on the smaller timeframes.
In our last idea we predicted an incoming bounce, with potential to drop to this horizontal support level before the bounce occurs. If we see further positive movement it creates a strong risk/reward opportunity, so setting a stop limit order a little ahead of the current price with a view to catching the early stage of a reversal after confirmation could set us up for a nice trade (NOT financial or trading advice).
$SBUX finding support after pre/post earnings selloff?$SBUX seems to have found a support in this range after a month long sell off leading to earnings and a nice dip after weak report
Holding multiple days support on 1D with a bullish hammer going in to the week of 2/5/22
RSI 28.87 oversold on 1D
MACD tight is tight - looking for continuation or cross to downside
Confirmed break of $98.8 could easily see a move to $102-105 range
Will be on watch to hold support and have continuation to the upside
Wait for confirmations as downside is always possible with current market
Looks like this one might be fun to trade for a bit!
Enjoy and, as always, manage your risk!
USD/ZAR PossibilitiesThe Rand ran it up the past few days, A few doji's before and during the rally are signs of it getting weaker. So Price can either nearly touch descending trend zone, or bounce down & continue. All in all I'll be watching diligently for some solid confirmation in candle play around these zones. What are your thoughts?