ACB- Dead-cat bounceIn range-bound market, bottom reversal happens far less often than when the market is in the clear uptrend.
However, if Aurora's monthly POC holds up, it's not hard not to see at least some relief bounce from the stock that's so beaten down.
That being said, there are better marijuanas stocks out there. Aurora is only good for swing trade.
Invest in MJ ETF for more conservative approach (Refer to the chart attached below)
Proceed at your own risk. Allocate only the small % of your capital and set the tight stop loss.
Not the financial advice
Bounce
10/26 DKNG earnings and longMy previous chart was spot on. (Link is below)
Looks like it bottomed at $40 and returned to its channel.
Fibs are key points to break a candle over.
I believe we will hit around $49-$50 for earnings(Nov 12) and then head back down to $44-$45.
Q2 earnings were horrible so be prepared for the pullback the day before the report.
10/26 AMZN Earnings PushBeen following the down trend all week finally some momentum is occurring.
I'm in this with multiple spreads.
STORJ - Potential for 30%+ Swing from the Golden Fib??STORJBTC 1D hit a historic support level, right on the golden fib as well.
RSI is looking ripe for a reversal still and volume has been shrinking on the downtrend; a sign of trend weakening.
I would expect a small correction up, if not a full reversal. Potentially up to fib .5/EMA 100, then possibly a retest of support if it doesn't go straight bull up to EMA 50.
We still have strong positioning on the EMA 's with 50 being above 100. This tends to indicated overall bullishness, so if we can must a rebound here there's a potential for a bullish breakout through the top trend-line.
Either wait for the retest, or if we see solid signs on the breakout from the down-channel buy in then.
SL and short term TP's mapped.
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I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
NZDCHF Daily S/R|Impulse Sell|Support Zone|Oversold Bounce| PAEvening Traders,
Today’s Second Analysis – NZDCHF- breaking below Daily S/R with an impulse, an oversold bounce is probable.
Points to consider,
- Price Action Bearish
- Supply Zone Target
- Daily S/R Resistance
- Oscillators Extended
- Declining Volume
NZDCHF’s immediate price action is bearish breaking key daily level; this allows us to have a bearish bias on the market.
The initial target is the supply zone; a bounce here is probable as the base of the bullish engulfing resides in confluence.
The Daily S/R is crucial resistance; a back test will confirm a bearish retest of the level.
Both oscillators are approaching oversold conditions; this increases the probability of an oversold bounce. A volume influx will coincide with this as current volume is low.
Overall, in my opinion, NZDCHF is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.”
― Yvan Byeajee
DASH - Signs of Reversal Showing?DASH has seen a steep decline in value since it's high at almost $190. Feels like a lifetime ago...
It's been trading in a steady downchannel. Big picture, we can see signs of a consolidation triangle forming, with the tip being relatively soon.
INDICATORS:
MACD divergence shrinking. could be a good cross coming.
Stoch on the uptick but not overbought.
Volume big spike on the recent resistance retest and bounce down. Since then, big drop.
Also decreasing sell volume on red days. last 3 green candles in a row have all posted higher buy volume.
EMA we're well below all major EMA's. This is often a sign of a reversal.
Trading on a hard fib level right now.
Overall Thoughts:
We're seeing a trend across the markets right now of big price corrections across the board since BTC has been relatively stable the past few days: SXP, LINK, XMR, YFI, etc., etc. DASH tends to trade in that class of cryptocurrency. I sense there's a high probability this will take off soon.
Indicators are pointing towards shrinking downtrend, we had a bounce off some solid support, and overall trends are pointing towards long term price consolidation for DASH.
Look for a short term dip you might be able to buy, SL under previous low as long term triangle makes it unlikely we'll dip below there.
TP's on the chart.
Remember it's a 1D chart: It might not move all at once. Be patient.
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"Perceive that which cannot be seen with the eye." - Miyomoto Musashi
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I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
V shape bounce incoming?After having lost 50% in 6 trading days, HYLN finds itself coming up to candle support + volume support while having an oversold 4 hour RSI and outside of the daily Bollinger Band. I like this as a potential support play bounce coupled with the fact of the size of the drop for a potential big bounce.
NEO - When Will the Ole' Neo Bounce?NEO (formerly Antshares) is an open-source blockchain decentralized application platform, originally founded in 2014 by Da HongFei and Erik Zhang. They have since its rebranded to NEO from Antshares in 2017.
We saw our spike years ago, back when 0.015 BTC for an alt-coin was not a bad price, but definitely not as rare as it can be considered today.
After ages of trading sideways, we saw some action recently, hitting highs around 0.0020. Since then it's been a pretty sharp correction, with a clear downward resistance forming.
On smaller timeframes, it looks like we might get a little bounce. But with the low volume on the first support test, I feel like like we probably have a little further down to go.
MACD is majorly bearish and we've got a lot of room to go until we correct down to our notable EMA's
We're bouncing off an EMA level right now on the 4h chart, so may get a small correction up. But wouldn't bet on it right away.
Stoch is oversold, and has been for some time.
OVERALL THOUGHTS
Don't make a move right now, chances are we'll see a bump down before we're in solid buy territory. Area is marked on the chart as well as a potential TP.
TP - 0.0020700 +
Safest course of action is either buy the retest with a tight stoploss or wait until you have confirmation of a breakout from that downward resistance on the charts.
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“...maybe sometimes it's riskier not to take a risk. Sometimes all you're guaranteeing is that things will stay the same.” -Danny Wallace, Yes Man
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
KNC - New Life in the Old Dog?KNC is another ERC-20 token, meant essentially as a governance token for the Kyber Network.
We saw a breakout the other day from a clear descending channel we've been in for quite some time.
Since then we seem to be bouncing between a solid new found support range and resistance with a slight decline.
Watch how it acts the next few days, it may be shaping up for a bigger correction upwards.
I think a clear indicator will be price consolidation as we shrink further into the purple support band.
MACD is heading into bull territory.
Stoch right in the middle of the road, looking strong but not overbought.
Just about to hit EMA 100
TP's are below. Stop loss around 20%
TP 1 - 1.13
TP 2 - 1.34
Good luck and be safe! This isn't financial advice.
CCU, Dead Cat Bounce (bearish) I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 70%
TARGET (EXIT) PRICE = 12.38 USD
BREAKOUT (ENTRY) PRICE = 12.66 USD
DISTANCE TO TARGET PRICE = 0.64%
EMERGED ON = Oct 02, 12:00 PM (EDT)
CONFIRMED ON = Oct 02, 02:55 PM (EDT)
WITH CONFIDENCE LEVEL = 73%
The Dead Cat Bounce pattern appears when a security's price falls quickly but has a temporary “v-shaped” recovery before resuming its downward trend. The temporary bounce (from point 2 to point 3) may be explained by shorters covering their positions or buying by investors who think the price has already reached a low point.
It is important to wait for the confirmation move, which is when the price breaks below the low where the dead cat bounce occurred (point 2).
Trade idea
If the price breaks out below the price where the dead cat bounce occurs, then day traders and swing traders should trade with a DOWN trend. Consider selling the security short or buying a put option at the downward breakout price level. To identify an exit, compute the pattern’s height by measuring the initial fall (from points 1 to 2). Then calculate the target price by subtracting the pattern height from the breakout price level. When trading, wait for the confirmation move prices falling below the breakout level.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.
KAVA - Punch Up Soon?KAVA has been one of my favourite crypto's in terms of profit.. It has very consistent moves and once it starts going it tends to finish the move.
Inclusion in a few liquidity pools means lots of demand right now.
Price is low ATM great time to snap it up.
Heading to bullish on the MACD 1D, may turn bearish on the 4H.
Stoch isn't in over bought yet on 1D, near over sold on 4H. Short term gains incoming?
Volume is low ATM. If the market pumps continue this will start soonish.
Below the red EMA's on both charts. I should make that EMA green, because it's basically the money line.
Might be able to catch a bounce based on 4H, but best plan would be don't bet the house on it and plan to reload a smaller initial long if it bounces. Bottom support rather unlikely to break, but set an SL below it just in case. Nothing is certain
TP's
#1 - 0.00022 (EMA on 4 HR)
#2 - 0.000237 (EMA 100 on 1D + fib level)
#3 - 0.000282 (fib level + previous spike)
SL: 10% max from here. I don't see it going past the bottom.
Be safe, good luck. This is not financial advice.
ZRX - Ready for big move? QUICK IDEAI've talked about ZRX before in detail.
It's been in a slight uptrend the last few days. And the market has had a habit of taking off lately... hmmm...
I've noticed a few trends on the 1D & 4H chart that might lead us to a decent entry point before take off.
Indicators on 1D:
MACD has cross bullish
STOCH is strong. just leaving oversold with LOTS of headroom.
Increasing volume since uptrend.
Just crossed EMA 20, has 2 EMA's left to bounce to quickly.
Indicators on 4H:
MACD has bearish cross incoming but is strong
STOCH is in freefall
About to bounce off EMA 50
OVERALL
Good idea to get a small amount in this swing, if we get a bigger drop we've been seeing climbing support so likely won't be huge. Upside short term and long term are updated and marked on chart.
Be safe, be kind, don't touch your eyes after eating spicy food, and this isn't financial advice
TSLA: Is the bull trend back?Hello traders and investors! Let’s see what’s going on with Tesla now!
As we discussed last week, Tesla is now in bull territory, as it is trading above the $ 408 again (red line). The false breakout didn’t occur, and the idea of a Dead Cat Bounce is off the table, at least in the short-term.
Now, the momentum is bullish, and as long it keeps doing higher highs/lows , the situation is fine in the hourly chart, and the $ 461 is the natural target for this movement. Also, it is important to stress that the $ 408, along with the 21 ema, are now supports for Tesla.
Let’s look at the daily chart:
Today’s movement is not exclusive to Tesla, as Nasdaq Composite, S&P500 and DJIA are all going up nicely today. And it seems Tesla is following the NDX, since it lacks other drivers to move the stock’s price.
The bulls lost a lot of their strength if we aim for the mid-term, and this could make things complicate for Tesla’s stocks. Therefore, the hourly chart is a better guide right now.
Either way, Tesla is trading above the 21 ema again, and it seems we have an Island Reversal chart pattern here. Also, if you liked this idea, please, support it! And follow me to keep in touch with my daily analyses.
Let’s keep monitoring Tesla! It seems the market is moving erratically, and we must be careful in such complex situation.
Have a great Monday.
STORJ - Potential for 20%+ swing?STORJ looks to be making moves. Taking a look at how strong it is on the 1D and 4h
We just had a bounce out of the historic "buy zone" support.
Indicators on 1D :
MACD has shrinking divergence in bullish direction.
STOCH is strong. just leaving oversold with LOTS of headroom.
Increasing volume with pumps, adds validity.
Daily high bounced off fib level, implying resistance.
indicators on 4h :
MACD has slightly shrinking divergence in bearish direction.
STOCH is overbought.
Volume decrease in last bars.
Just reached EMA 100 , it tends to play here a bit before proceeding on it's way and using it as support.
We could see a bounce back down from here, but I think long term we're good for future growth. The movement today on volume, alone with decreasing sell volume up to now plus big buy volume was pretty confirming.
If you're aiming to get in on it, expect a quick bounce down to the upper buy zone, around .38. try to get it on Try to get in on it there with a tightish SL. Once it reaches it's EMA it tends use it as support, but if it bucks that trend could be bad news.
TP's are the purple zones.
BANDBTC - UPDATE: Following Papa LINK?I took a look at BANDBT C a little while ago, we had some interesting moves today.
Market in general was pumping, BAND had some good movement.
Let's have quick recap, plus some things I'm seeing.
We're in a downward channel since the highs just before the dump.
We had hit what seemed to be the first solid support in a while. Though no real historic claim to that.
BAND tends to follow LINK. They are both security protocols, I think a lot of people conflate the two.
EMA 100 was bounced back to nicely today.
MACD looking like a healthy cross with some greens sprouting. Ripe for action.
Stoch is building, but not quite at overbought yet.
decreasing sell volume the last few red days.
There's a decent chance she'll swing back down to support, if LINK or BTC decides to drop rapidly for example. But if LINK holds strong above $10 I think we can confidently say BAND will keep moving, maybe after a little correction down.
Closest indicator to it retesting would be the Stoch is getting high.
Invest at your own risk here, I'm just speculating.
TP 's:
#1- 0.00075
#2- 0.0009
SL : Just below prior support. If she breaks it'll be down to the next historic support likely.
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“Test fast, fail fast, adjust fast.” — Tom Peters
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I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
YFI - Quick Update. Spiffy Yfi? Or Looking Iffy?I'd say that's confirmation of that upward channel I previously spoke of.
Set TP's all along the fib. I've had a good time so far.
Potential for a bounce! Keep an eye on the yellow box.
We've got good MACD on all front
Stoch is oversold on 4h, has headroom on daily.
volume low. beware.
Told you it was quick. I'll post more in depth on what we see tomorrow.
Have fun and good luck.
SPY Weekly Higher Low Set?Ticker: $SPY
SPY dropped down to lower lows WITHOUT any follow through. This gives bulls the chance to get some sort of bounce going to start next week. Like always, volume will be key if this is indeed a bounce or "significant" bounce.
Bulls have to break 331.20 resistance to start the week in order for us to say our weekly lower high (319.80) is set. The $NDX or $QQQ, basically tech sector) is relatively stronger than SPY so I will keep an eye on that if it breaks first.
If it breaks first, that can be an early indication for bull momentum and I may enter a bull position for a scalp.
Remember, don't be bias, just go off of technical because the fundamentals will drive you crazy in addition to your emotions.
TSLA: Possible scenarios and complete weekly analysis.Hello traders and investors! Let’s see how Tesla is behaving today! And since it is Friday, we'll do a complete Multi Time Frame Analysis on it.
First, we may have something new on it: Tesla triggered a pivot point at $ 398. Now, Tesla hit its resistance at $ 408 as we thought it would in my previous analysis, and now it is struggling around this point, which is a natural movement for the stock.
The 21 ema is flat, which indicates some indecision about the trend, but the situation is still quite dangerous for the stock. If it trades again under the $ 398 the market may understand this movement as a false breakout , or even worse: A Dead Cat Bounce.
Let’s take a look at the daily chart for more insights:
The sign is not the greatest, as the resistances are holding the price very well, and yesterday’s candlestick pattern was not a proper Piercing Line pattern , as it left an annoying shadow above its body.
It could just retest again the $ 359 region, but the signal will be given first in the hourly chart, if it trades under $ 398 again, by doing a false breakout from a pivot point.
As we also discussed in my previous analysis, if Tesla loses the $ 359, it will seek further supports, like the $ 329.
Now, let’s finish our studies by looking at the weekly chart:
There’s nothing surprising going on here, but if the weekly chart says something to us, is that Tesla could drop more, at least to hit the 21 ema, and this wouldn’t ruin the long-term bull trend!
But again, it must lose the $ 359, which is probably the most important point for Tesla right now.
Tesla will only enter in bull territory again if it trades above $ 408. Then the reaction will be better, and it may have strength to hit the All Time High at $ 502 again.
Now, if you liked this analysis, please, support it ! And follow me to keep in touch with my ideas. Every day I share a few thoughts here, and you may find something helpful around.
My best regards.
Have a great weekend.
USDJPY - Complete technical analysis - Breakout, mtfa and more! Hi Traders!
The market is moving in an overall Downtrend.
Let's begin the multiple timeframes analysis with the Weekly Timeframe.
Ready?
Here is it:
We'll ask you a question before:
What is the most obvious structure level which catches the most attention?
The most of you propably answer that it is the "Important Support Area" (it's false in the screenshort, :( sorry for that).
Ok, so let's have a closer look on what's going on there.
Let's imagine, the chart is only tracking the route you're walking.
Think of a person you hate.
If you see this person, you'll propably take a big detour to avoid it.
You do this once, twice, three times...
Than you take a shorter detour.
And even shorter.
Now you stop and you're even talking to that person.
Do you think, you still hate this person? Of course not!
It's the same for the price and the Resistance.
It was making big Pullbacks which became shorter and shorter.
Now price is even holding on Resistance.
What could that mean?
The bearish pressure is at the moment very high and the Trendline supports this situation additionally.
Because of the weakness of the Buyers, the market is now preparing for a Breakout.
The Bearish Trend will continue on then.
This is the main thoughts of the idea.
We have to shorten this up, so here is the Daily Timeframe:
The main thing here is the strong descending Trendline.
It brings some more bearish pressure into the market.
The main idea here is to sell at the Pullback of the Trendline.
H4-Timeframe (Thumbnail):
Here you can see the market is moving in the parallel channel.
It is just some pips before the Trendline.
The main idea here is to trade the Breakout of the Parallel Channel.
Finally, here is the Entry Timeframe H1:
As you can see the SL is above the high.
The TP is very conservative and at the bottom of the area.
The Risk-to-reward ratio is above 1 to 2.5.
We recommend to trade the Breakout with a Retest.
Thanks and successful Trading :)!
PEI.. will this piggy finally bounce?????Ive been in and out of this stock this year and it's been fairly good to me. Got in too early for RSI bounce @30rsi(hindsight) and it dropped a great deal more. As I look into the chart I see the rsi dipped to 17-18 rsi last time before it had a decent bounce. Ive also notice a recent spike in vol. SO. Will it bounce??? Id like to think so. Thinking back to .80s and maybe even 1$. Happy hunting : )
