Is The Bullish Rally Stretching For ETH Value In 2021?Ethereum value traded at $2382 with a gain of 9.85% in the last 24-hour and 14% up in the weekly time-frame. Furthermore, ETH bounced back from the support of $1950. In contrast, the market capitalization stands at $276 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above all the EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the TP- 1 of $2600 in future trading sessions.
TP- 1: $2600
Support: $1950
Bounceback
LTC short and upLike we see in the graphics LTC hit the roof bouncing down %10 with the possibility of bouncing up (green)
or keep in regression % 21 till the 0.618 of fibo in the weekly like it did before(orange).
Personally I'll wait how the market behave before to open a new position.
Have a good trading and stick to the plan.
Dont forget thumbs up if like the idea.
Falling wedge big potencial trade Clean falling wedge pattern with strong and also earlie ATH in price arround 42K zone. My limit buy to watch will be 42.2 little above for bigger chance to fill order. Another small amounts I will set until 38.5K for hodl portfolio . But best possible trade is arround 42K with stop loss bellow 40 in my opinion :D
AVI~~~~~~~~~~~~~~~~~~~~~~ OVERSOLD/OVER REACTION!!!!!!!!! This is the stock that was replaced by TESLA in the sp500. The stock TANKED HARD!!!!!!!! Rsi was round 13 when I bought my first positions. I tend to love rsi bounces and this one may be one of the best do to the fact that this companies financials havent changed, theyre not under a lawsuit or in the middle of a bankruptcy, the CEO didnt get caught banging a coworker ect ect. As you can se the first line of the Fib is over 100%upside and my price target is 20$atm. Im seeing huge upside potential with lil risk. Ive been watching the moving averages steadily move up over the last several days and with a positive cross looking imminent I tripled up on my shares today. This is a REIT that has most its holding in apartments which hopefully will hold up as opposed to other companies focused in malls/commercial.( Happy New Year and Happy Hunting! : )
GBPJPY Trade that you don't want to missHello Traders! My research work on the J pattern is paying very well and you will not find these guides anywhere else. So enjoy all this free stuff.
According to my rule, GBPJPY is forming Formation 2: Bounce Back which is the rare one because rather than falling hard it bounces back from the point where the J pattern started. It bounces back only because of strong support besides that point. To view the formations click the chart below.
Currently, GBPJPY has already shown that it is forming Formation 2:Bounce Back but I will only trade after 100% confirmation and It will be confirmed when Monday's candle close Bullish in D1 timeframe.
If Monday's D1 candle close bullish then we will buy it and our target will be 142.50 because the target will be of the same size as the J pattern. This will be about 500 pips trade.
Also, don't worry about the fall on Monday because bulls and bears both are in control we will catch the trade at the correct time in the correct direction. That's the power of strategy.
I will Post the trade on Tuesday
Good Luck
All 3 formations
-400 billion$ in 3 days🍎The current slide in share prices are particularly felt by the high-flyers of the past weeks, including the papers from Apple .
The recent sell-off, however, is still a clean correction. Following the primary expectation, the market has reached the target box for the current pullback. As long as the bulls hold above $105, we see the bulls stepping back in very soon, taking Appel to new all-time highs.
Under $128.78, the alternative scenario must be considered. We give this scenario a 30% probability, which would pave the way towards $95.
To summarize, both scenarios are pointing to new all-time highs in the medium-term perspective.
Feel free to discuss! Cheerio 🥃...and happy trading!
WORK 1-2 week swing trade ezpzOversold on RSI
History of trading between $30 -$34
Strong support around $29-$30 area
USDCAD - Best Bounce-Back Buy-TradeHi Traders!
The market is in a Downtrend.
When we zoom out the chart - or when we switch to the D1-Timeframe - we can
see the market was racing up with high momentum in the beginning.
But suddendly it made a 180° U-Turn and falled back.
Then the consolidation started.
Anyway, the consolidation is over now.
This consolidation seemed to be endless, until we drawed another important
Structure Level: The Daily Trendline.
This Trendline is descending and comes from way up high.
In the end stage of the Consolidation you can see how the Trendline was pushing down the price.
That is the reason why the Support couldn't hold the pressure anymore and has been broken out.
NOW we can expect this situation:
The price is falling towards a Support-Area (green Box), which was lastly touched a month ago.
So, it is likely to bounce back from that Level.
The Target is the previous Support( which is now a Resistance).
We recommend to trade the Breakout with Reversal Pattern Trigger (e.g. Candle Stick Pattern).
Thanks and successful Trading :)!
VRCA Bounce Back Swing TradeVRCA has been tanking the last few days due to FDA Approval Delays
Has a history of bouncing around support and resistance levels around this price
Upside is around 80% if positive PR and price action takes place with the weeks
Low Float stock, can be volatile. (Enjoy the ride)
Treat Your Trading Like A Business Treat Your Trading Like A Business
What are your hours of operation?
Example: New York Session? 8am-10am?
Do you know your inventory?
Example: Trading Journal
What's your trading plan?
Example: Confirmations, Risk
What's your investing plan?
Example: $25/Week
What are your assets/liabilities?
Weekly Income Needed/Expenses?
Ramaco Resources bouncing back down; continuing downtrendThe price of Ramaco Resources has been on a downtrend for several months now and it looks like that will continue for the near future. The MACD just crossed below the 9 EMA, the RSI 14 is still a good bit away from being oversold and after being rejected by the 200 SMA and crossing all SMAs back down again, all signals say sell.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
Long Setup on Trendline RetestEURCAD just recently experienced a rejection from our outlined resistance area, failing to break it once again. This provides us with another opportunity to take a potential long trade on the pullback. Looking at the fib retracements, the 0.618 level seems to correspond well with our ascending trendline (which is exactly the perfect place to open our positions). My bullish bias will be changed if we see a breakout below of the ascending trendline. This all comes down to one single question - can it hold?
$RAD Is A Speculative Bounce Play$RAD is one which we nailed the move higher. Now that the stock has come back down, we believe it's a speculative bounce play here. Although you will want to give it some room as the stock could drop to the $9 to $10 region and bounce from there. That's why $RAD is one that you dip your toe in at current levels.
Right now $RAD is a bull/bear battle and is dependent on management executing a turnaround. $WBA delivered disappointing earnings yesterday, so the drugstore sector has its challenges. However, they are everywhere and people still shop in them. We believe $RAD will eventually get back into the $20s and deliver 100% gains for those that are patient.
Keep in mind that shorts are heavily exposed as 27% of the float has been sold short. It won't take much to get a short-covering rally going.
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and an assortment of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products. It also operates retail clinics that provide treatment for common conditions; and provides preventative services, such as screenings, medical tests, immunizations, and basic physical exams. In addition, this segment offers healthcare coaching and disease management services. The Pharmacy Services segment provides pharmacy benefit management (PBM) services and a range of pharmacy-related services. This segment also performs prescription adjudication services for other PBMs; and offers integrated mail-order and specialty pharmacy services, as well as drug benefits under the federal government's Medicare Part D program. As of April 11, 2019, the company operated 2,469 stores in 18 states. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
As always, use protective stops and trade with caution.
Good luck to all!