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COINBASE updated levels (Nomad News?) This is an update to my Coinbase Idea from July 26, linked below. I've mapped couple new levels but my overall plan hasn't changed, waiting for Earnings on August 9th. Coinbase flying today, only reason I can think of is the $200mil Nomad exploit. Price is hesitating to break above the Golden Pocket of fibs taken from July 20th. A lower timeframe will help in identifying an entry if the price breaks above GP. Price breaks above GP (with a confirmation) Target #1: 71.65 Target #2: 76.90 Price gets rejected by GP Target: 63.5 this is a tested level, Short trade will require some vigilant TP adjustments. If you've got an eye on some interesting charts, please let me know, I'd be happy to take a look. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
NASDAQ:COIN
by WhoIsWu
4
SANDUSDT wants the breakout?The price is inside a descending channel on the 4h timeframe after the market bounced on the dynamic support on the daily one. Not the price is testing an important resistance on the 1.4$ area. How to approach it? IF the price is going to have a breakout from the resistance and retest it as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
Sell position in this currency pairConsidering that according to the world economy, most currencies such as the pound and the euro have been under the pressure of the US dollar, and according to the channel strategy that I have mentioned on YouTube, we have overlapped resistances (daily channel ceiling and 20 daily moving average). The sell position is logical from a technical point of view, but if the channel fails, the sell position will be canceled. So, the possible option is that you can trade with high volume for selling, and for buying with low volume, but remember to set a loss limit. You can even hedge positions. Be sure to suggest and criticize in order to improve this strategy, I welcome it
Short
by amir1qaz2wsx3edc
1
$SENX - Reversal for upside of +12% to +40% Technical Analysis Weekly William %R and RSI are oversold. Daily channel being created with resistance at 50EMA> Scenario 1 - BUY Breach of 50EMA and uses it as support. Scenario 2: - SELL/WAIT Bounces off 50EMA as resistance and come back down to create a higher low. Based on the technical environment and high William %R I expect scenario 2 to happen with high low being used to propel price upwards and for a push to $13.75 to $18.50> Price Target Entry: $12.30 Target 1: $13.75 (+12%) Target 2: $18.20 (+40%) Analyst Target: $61 Fundamental/Financial Analysis (FA) Strong financial metrics and passes quality screen.
LSE:SENXLong
by subtlepapi
GBP/USD - Wait For A Break, Close & Retest Of The Channel TopHi Traders, Today we are looking at trading GBP/USD on the 1-hour time frame. We can see that price reached a high of 1.228 and then slowly began its fall bouncing between the bottom and top of this descending channel. We have had two taps on the bottom and four taps on the top. I have put little arrows to show exactly where the price has been touching. I always look for a minimum of 2 taps on either side to confirm a channel. I also look for price respecting the middle line of a channel that helps to confirm a true channel as price always seems to treat the middle line as some sort of Support or Resistance. We can clearly this happening on the chart. So, now that we can confirm that this is a downwards channel, what should we be looking for? Well, we look for some sort of bullish divergence on the MACD. We look at the histogram as well as the MA Lines. Looking at the histogram, we can see that price is sloping upwards. I have drawn an arrow to show this clearly. This tells us that the volume of sellers is weakening and buyers should be stepping in at some point. Looking at the MA lines of the MACD, we don’t see this as yet. So, we have what we call partial divergence. Now, we are waiting for a break from the channel top. We want the price to close above the top of the channel with a clear break and close. If we see that, we can then wait for a retrace back down to the top of the channel before opening up a long position targeting the previous high of around 1.228. This is how we trade Ascending and Descending channels. We want divergence showing a possible change in trend, a break and close above the channel, and then a retrace back down to the channel top before entering into a long position. These patterns work extremely well when we have full divergence as confluence. It works just s well with partial divergence but as it's only partial divergence, I would not class it as an ‘A’ grade setup. This means I would class it as a ‘B’ or ‘C’ grade setup, which means I would not risk my usual amount on this position. I would risk less as I know the probability of this setup performing well is not as strong as a setup with full divergence. As most of you know, I am a swing trader and I look for setups on higher time frames. However, when I am in front of my charts and I do have the time to trade shorter time frame setups, I will take advantage of that. Hope you all have a great Wednesday. The Vortex Trader.
Long
by TheVortexTrader
$MASS, growth stock close to breakout908 Devices Inc is in the Medical-Research Eqp/Svc Group. It develops analytical devices for chemical and biomoecular solutions. The price made a shortfall within the channel that has been forming since January. This shortfall may signal a breakout in the right direction. I would buy it with a target sell at its next resistance level which is at $29, that's a +20% profit. Play this trade with your own risk/reward strategy. I'm sure I will. Also just recently, the company tweeted: "Proud to share our #MX908 device was chosen by the U.S. Army to provide chemical identification in their #AugmentedReality training program, ensuring optimal safety when encountering unidentified substances".
NASDAQ:MASSLong
by dpuleo19
GBP/USD Daily Descending Trend line Hi Traders, Have a look at GBP/USD on the 4-hour and daily chart today. Having a look at the Daily time frame, we can see that price has been respecting this bearish trend line since the 20th of February 2022. We've had 5 taps so far on this giant daily trend line. Currently, it looks like the price is pushing to print its 6th tap. Now, we don’t know whether or not this next tap will be the one to finally break us out of this bearish pressure that we have been in for the greater part of 2022. However, if we were analyzing a trend, we can see that this trend is not bullish. Our bias must remain bearish until proven otherwise. Now, I am no fortune teller and I am not one of those traders that say that they can pick out where the exact bottom is. I only trade setups that make sense to me. So having said that, let's go deeper into the 4-hour time frame. This chart shows that price has been pushing upwards, bouncing inside this ascending channel. What do we look for on ascending channels? Usually, we look for a break and retest of the channel bottom. This means we are waiting for a possible bearish break of this channel with a retest of the bottom of the channel. If we see that, we can open up a short position with our targets being previous support around the 1.176 price level. What's interesting to look for is that if this channel breaks to the downside and retests just as the price is touching or tapping the daily descending trend line, well then that gives us huge confluence to go short. To add to that confluence, we have divergence on the MACD Histogram. As price makes higher highs within the ascending channel, we can see the histogram make lower lows showing that the bulls that are there right now might start to run out of steam and the giant daily bears might be biding their time, waiting for that perfect moment to push price back down. To sum up my current thoughts .. Do nothing until shown a reason to jump in. I cannot force these charts and bend them to my will. Therefore, we wait until these patterns present themselves to us on a silver platter. Then, we jump in and take full advantage of the offering. Hope you all have a fantastic Tuesday. See you all on the next one. The Vortex Trader.
Short
by TheVortexTrader