LONG DGB/USDTThe market took a slight dump and currently bouncing back.
I am buying some DGB/USDT for possible trades.
10% to 20% jump expected.
Entry level: $0.06138 to $0.06281
Stop Loss: $0.05436
Targets:
$0.06541
$0.06947
$0.07315
Use minimum 5x leverage and set your SL.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this trade.
Bounce
BUY THE DIP and LONG TOMO/USDTTOMO is at the lower support and is likely to bounce 10% to 15% from the current price.
Open entry at $2.7 to $2.81
Stop Loss: $2.63
Targets:
$2.918
$3.027
$3.169
Accumulate this coin with 5x leverage and do hold your SL tight.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this trade.
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.
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
LONG QTUM/USDTQTUM looks good to buy here. Bouncing back from the lower trendline where we also have the 200 days moving average. Expecting a profit of 10% to 15%.
You can start accumulating from $9.86 to $10.31.
SL will be at $9.602
Target 10% to 15%.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this trade.
Like and comment.
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
#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.
USDCHF - Break of important Consolidation - Where to get in?Hi Traders!
The market is moving in a shortterm Downtrend, but it is actually
in a longterm (daily) symmetrical Triangle.
Please consider the screenshot for more details.
If you have any questions, don't hesitate to write them into
the comments or to make a message.
Also, if you want more information about any detail above.
--
The market broke out of this important Consolidation.
We can see the bearish strength based on the last strong Down-Movement.
But not everyone got into this trade.
And as we don't want to chase the market --> we have to wait for a Pullback.
The question is: Where is the next Area to get in?
Of course, one possibility is to wait for the retest of the Support Break.
But sometimes - or even often - the market doesn't pullback so much
- and especially during times of high bearish momentum.
An alternative is to consider the Trendline.
We have three points from where the market turned (in the consolidation), which are all at one
line - so we draw this descending Trendline.
This could be a possible Entry, which is a logical Entry, a Pullback and on a reachable distance.
Thanks and successful Trading :-)!
TATAMOTORS - Near Imp levelsWe are seeing a #sell-off in tata motors post its quarterly results, it has posted a #loss of some 4000 crores in this quarter, the company is still a loss-making company, but it has reduced its losses compared to its previous quarter and is mostly moving towards the profitability in the coming future.
#Charts of tata motors look quite good since we have seen a move of a whopping 468% in the last 1 and a half years, a #correction is quite evitable and is also good for the next rally in the stock.
Currently, #tatamotors are trading near its weekly and daily #support zone of 290-260, hence there is a possibility of some temporary bounce back in the stock.
Reasons of possible bounce back
**Strong multiple timeframe support
**Daily Rsi is oversold: 23
**Hourly #RSI showing positive divergence
For Investors
If correction extended, lookout for price action near 214- 185 levels.
EUR/USD - Approaching Yearly Lows!😲We are approaching yearly lows here on EU. Price is currently trading at 1.1810 100 pips away from the lows of 31st March @ 1.1706. If we see price bounce from this level it will confirm EUR strength after some recent bearish PA. However, if bears continue to push and create a new 2021 low we can anticipate 1.1624 being tested. Keep this pair on the watchlist!