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Breakthrough

EUR/JPY hitting resistanceEUR/JPY is hitting support at around the 121.90 level. We could expect the price to break through this level of resistance or we could expect the price to hit resistance and then pullback to support at the 120.489 level, creating a short term sell opportunity. Both the MACD and the RVI are yet to show signs of the price potentially pulling back and so it may be more probable that price will break through resistance. I will be waiting for confirmation of either a breakthrough the resistance level or if the MACD and RVI show signs of a pullback and short term sell opportunity. I am new to trading, I am open to any feedback.
by francesgurton
Good ShitHey guys no TA today, but we did beat our earnings and that 2million share buy was probably nndm them self. They let it drop after earnings and this morning released breakthrough technology advancement. Now should you go all in? Well I do expect from now on that post-market you will see pumps since nndm releases news in the morning before market opens. I personally took profit. just under half my shares sold on RH and sold out on Webull, since well I would rather have my money on RH due to having that debit card. I still believe in this longterm, but now it is risky. we are over 3x from crowdfunding pricing that dumped us to .50-.79. Again I'm a long term believer and think this company can go into the billion dollar MC range after this COVID-19, but it is always great to take out the intial investment with profit.
NASDAQ:NNDMLong
by nathanielx9
4
VRABTC | Major breakthrough brings impulse growth wavesVerasity is a platform thatentirely restructures video economy by transforming the relationships between advertisers, content creators, and consumers. Let's analyze its investment potential Verasity is extremely bullish according to technical analysis EMA and SMA (5, 10, 20, 30, 50, 100 and 200) shows a favorable buy state, HMA and VWMA confirms and uptrend. Directional movement indicator shows a large volatility coming which is confirmed by JD%(7, 10). It seems like VRABTC is about to blow and hit new ATH soon. Let's check the mid-term chart to find any confirmations Studying of a mid-term timeframe chart reveals numerous of confirmations. Let's find them step-by-step 1. The price action entered Inchimoku cloud green span on the 21th of November 2019. Afterwards there was an upward trading gap due to a sharp volume increase. It launched 5 Elliot impulse waves pattern and created Fibonacci retracement levels for further analysis 2. When the 5th wave finished we had an ABC retracement which is natural for such patter combinations. It created a triangle with inner and major resistance and support levels. 3. VRABTC price demonstrated a massive breakthrough the inner resistance and upward movement out side of small triangle. The trend change was confirmed by Major breakthrough and breaking above the large triangle. It confirms the consolidation phase is finished 4. The price action entered Ichimoku cloud green span again today. Moreover the global resistance R1 level was broken exactly with the same 1D trade candle. The growth was about 23.5% and it is a very strong bullish sign. What about fundamental analysis? Verasity confidently moves according to its roadmap. You can find YouTube, Twitch, Vimeo, Jwplayer, Brightcove, VideoJS, Kaltura and Flowplayer among their partners now. Recently eBonus.gg has launched videos with VRA rewards. The most important is that VRA was listed on KuCoin exchange about a month ago which is famous for being a starting point of new and most successful coins. It seems many new exchanges will list VRA soon and this certainly will move the price of Verasity token to the Moon Conclusion: Verasity is a great project for a long term investment because of solid fundamental basis. It is also great for mid-term and short term trades now because of very positive technical state. Get your bag of VRA and do not miss the opportunity to earn a lot of profit!
Long
by Skyrexio
NKE in a New Range?In the trading session following the release of their Q1'20 ER on September 24, 2019, NKE closed at $90.81, finally pushing through that resistance level around $89. Although a little choppy, shares rose higher in the first half of October until Mark Parker, the 13-year CEO and 40-year employee of Nike, announced that he was stepping down on October 22, 2019. This sent NKE lower and left it hovering around that $89ish level for ~2 weeks, using this level as support. However, since mid-November, shares have been soaring and seemingly broken through some important resistance levels. Although NKE experienced a small sell off, shares seemed to get strong support at that lower line drawn in the chart and worked its way back up to $100/share only to close just shy of that level ($99.96). It seems that NKE has some serious room to run into the end of the year, especially considering were in the midst of the holiday season and I think we could see the shares perform very well into the start of 2020.
NYSE:NKELong
by mgalf
SHOP below trend line and 10/50 SMAShopify is looking pretty bearish to me. Notice, it is trading below its big up trend line, below its 10 SMA (orange line), below its 50 SMA (blue line), and looks to be heading for the 100 SMA (purple line) as well as the next major support area (dashed line). I am going to stay neutral for the time being, but will keep a close eye on it. If SHOP can't bounce off the 100 SMA and/or that big support area, then I will enter a short position. After the huge run-up SHOP had, a big correction would not be surprising at all.
NYSE:SHOP
by Bankuur
2
SPY - 4 Hr - Bullish. SPY is being stubbornly bullish!I have switched to a bullish bias recently ... Tried to fill the gap, but failed. Since then SPY is proving to be stubbornly bullish in my mind. A close above the previous 4 hour high is bullish, and it might also be what's needed to finally breakthrough the long-term up trend convincingly. If it it does, the all-time highs will be retested. Notice, SPY sits comfortably above the 50 and 100 day moving averages. There is good volume, and the RSI is strong. My call options are loving this!!
AMEX:SPYLong
by Bankuur
DXY is close to have another breakthrough attemptIt's my 1st time to have DXY analysis, I start from longer time frame to short time frame sequences. 1M chart: For long run, DXY will approach and breakthrough 103.82 which was set Jan. 2017. 1W chart: In middle term, DXY stuck in a pivot area 95~98 for past 10 months. It may continue 1~3 months oscillation before break through resistance 98. 1D chart: Though it likely continues oscillate within 95~98 pivot area on 1W chart. It shows upward trend on 1D chart. Another breakthrough attempt is already on the way. 4H chart: It's obvious that up trend momentum remains strong in short term. And it's in a narrow pivot area 96.8~97.5. After pivot area mature, Price may lift to meet 98 resistance. In conclusion, short term trade, I'd make limited order Long at price 96.8, SL:96.5, TP:97.8 middle term, I still see it remians pivot area oscillation. So i'd make limited order to short at price 98, SL:98.3, TP:96. That means, I may Long DXY after price breakthrogh 98.1
TVC:DXY
by frankwugz
DIA Confirms Resistance Breakthrough -- Market BULLISHAs stated in a previous post regarding AMZN's breakthrough, it is necessary for the price to display a confirmation movement in order to be qualified as bullish. Looking at the circled area, it is very evident that this confirmation was made today as DIA bounced off of the previous resistance directing itself back upwards. It will take a week or two for a steady support curve to be established, but I would certainly expect bullish activity for quite some time. (Given that no major political plays come into perspective.
AMEX:DIALong
by willgeorgejr