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Bounce

ADA bouncedThe previous ADA idea brings us some small gains but was pulled back by BTC drop. If you followed instructions and trendlines from my previous chart published, you could make this nice SHORT trade that made us 12% gains. Perfect bounce down from resistance trendline was our entry and almost perfect bounce up from support trendline was signal to exit... Now the price heading up, but it's highly dependant on BTC action... If not entered long on that bounce already, I recommend you wait for a break of that RSI descending trendline established...
by PhilosophersStone
BTCUSD Trendline + Dual Fib Ext. Confluence - Reversal at 47,200Since the last local low of $30,000, BTC has been rising while respecting the same trendline, similar to $SPY's movement the past few months since the pandemic crash in March. Quick, large rises followed by slow uptrending, then rounding a top and touching the trendline, only to repeat it all again with a quick reversal. The next touch of this trendline should be in the next few hours at $47,200, according to the trendline as well as a fib and a previous resistance that has been turned into a support. The reversal will be quick, so make sure you get your trade in as close as possible to the trendline, and feel free to DCA into the trade starting here. Any movement below $46,500 will invalidate this trendline and put further downside into the near future. If this reversal at the line succeeds, two separately drawn fibonacci extensions line up at around $54k, which should be the next target for the top of the rise. ETH is also a good trade based on this. It's been suppressed at 3350 for a long time and is itching to break out and needs a push from big brother BTC to achieve it. Don't overleverage and set a stop loss. Good luck!
Long
by Slip1244
6
Roku: Dead Cat Bounce? Roku bounced really well at the strong support zone and also changed the trend to bullish "U" on the daily and 4HR chart.Previous Resistance that turned into support $351 is crucial indicator of reversal. Making daily higher highs and higher lows gave it a confidence bounce upside. If it can hold at EMA 20 with volume, it can easily hit back to $360. Bullish trend on RSI as well. When it breaks, there will be a big opportunity. Selling pressure is slowing down and a trend change with the inverse hammer followed by a green candle. If it breaks the support of $340, its a dead cat bounce.
NASDAQ:ROKU
by yflaw1018
2
BA: Watch for the bounce backAs we had more and more bad news and fast-growing covid cases there was a general downtrend beginning from March. Now we are getting to good levels of support to buy. That’s my trading setup 1. Buy: 204.83 Stop loss: 203.23 (-0.74%) First Target: 220.69 (+7.68%) Second Target: 230.49 (+14.49%) 2. Buy: 192.53 Stop loss: 191.07 (-0.70%) First Target: 204.83 (+7.09%) Second Target: 220.69 (+15.43%) I think it is more likely that we see a bounce back at 204$ range. We have the opportunity of a double bottom, have support of the 400 SMA (orange) where we often saw great support (green marked). Daily RSI is oversold (bullish), MACD is pretty neutral. At the second buy we reach the bottom of the parallel downtrend line to bounce up and double bottom with the strong support of 192.49$.
NYSE:BALong
by Chrlstlan
NIO: What it needs to fly again?Hello traders and investors! Let’s take a look at NIO today! Since it reported earnings, NIO has been in a bearish momentum, and it seems nothing will reverse it. The last support was at $ 38.66, and NIO lost it, but what does this means? We are still far from May’s bottom at $ 30, and since it dropped that sharply, it has good chances of bouncing back up, but so far, we have no bullish structure in the 1h chart. On the bright side, we are near the support level, and it seems NIO didn’t lost it completely, as we see early signs of reaction. Let’s see the daily chart for more clues: We have a bullish candlestick pattern today, which is a start for a possible reversal, and since we are near the previous support level, now is the best time for NIO react. If we close above the $ 38.66 again, it will be a false breakout from the support level, and this will be very frustrating for the bears, as they will be stopped out. Since we hit the support, the volume increased, and if we see a reaction, the 21 ema will be the target for us. Then we’ll see if it’ll be a Dead Cat Bounce or the beginning of a true reversal. But I agree that today’s reaction is not the best so far, and we must wait for more information. The situation is very delicate, and how NIO will react in this support will dictate the next big movement. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day.
NYSE:NIO
by Nathan_The_Finance_Hydra
6
ROKU Cup & Handle - Is Now The Time?I'm expecting bullish momentum this week. Pros: - Potential bounce off the 200MA - Great ER - Bullish Divergence forming on the hourly chart Cons: - Potential "Double Top" pattern - Strong Bearish Weekly and Monthly candles - Handle is extending more than 50% of the cup. This may break your rule regarding this pattern. A bullish bounce, if strong enough, could carry ROKU to $400 within 2 weeks. I'm swinging $400 8/27 Calls. I entered on 8/13 at 3:59pm lol
NASDAQ:ROKU
by PerCent_Investments
Rising wedge acting as supportThe previous trend line resistance for the wedge is now acting as support as go into the mid and upper 40's. This is normal for a s/r to flip however what I find weird is the candle we saw earlier dipping inside the wedge and bounces off the support. Previously I had stated that the 10-11th of august is a deciding day for BTC as we are likely to test the 200dma and it is the meeting point of the wedge.My fear is that the candle earlier exposes weakness in the support and that if tested again we may fall into the wedge where we remain before falling down. This ties into my previous idea about supply takeout and how if we don't reclaim this area we bounce down. The wedge deadline gives us time and actually supports us up to this area while still providing an area for us to fall. Also previously stated that if 45 is not claimed then we may see a down fall quickly diving into the many fvg we have left on this quick assent. While I remain neutral I'm still very open and more opposed to any idea that 45k will be an easy absorption
Short
by ollie_oz
4
#BTCUPDATE - 3.8.21 NEEDED CORRECTION IN PLAY I would not see this is particularly bearish movement but more of a needed correction. There could be a bit of manipulation happening to drive market down whilst potentially new German institutions are wanting to come in and play. We are in a confirmed downward channel and trying to find support - getting back above $35.5k is positive and a pretty key support. Breaking will take us to $37.6k and then onto $36.3k if that doesnt hold. A bounce here can take us quite quickly up to $40k again. My play is to wait it out and if losing $37.6k then to short to $36.3k. Breaking up on the $39.3k should lead to $40k. There is a bullish divergence printed on the 1hr coupled with the Key Support could indicate a strong bullish #bounce here.
by Kryptochristian