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GOOG now short but still long?Hey everyone, Google made it's way to ATH but now the party is over, at least for a short time. As you can see there is a SHS formation and the reaction was bad. But the stock will face a few support zones, as the yellow lines and the green box, as well as the Fibo Retracement, shows. The DEMA and SMA also show a short signal since friday. BUT chances are good google turns back long after hitting the green box. Entry: 1441$ Stop: 1400$ Goal: 1622$ Much fun with that trade! Leave a follow, my goal is 200 :)
NASDAQ:GOOG
by QuantinvestGER
XRP Bullish Descending Broadening Wedges XRP is not my favorite project but my investments are diversified and I think XRP is a category in and of itself (I'm here for the tech and wealth). This is not financial advice, only my opinions based off my personal research. Firstly I love Descending Broadening Wedges, they are very effective for calling bottoms, I have a chart where I called the absolute bottom of CRO which has been one of the top performers of 2020. I called CRO breaking out before it was announced as one of Teekas top 5 coins, and I did it with the pattern I am outlining now. Now what I am seeing is a set of Descending Broadening Wedges, a smaller one within a larger one. I am also seeing our price action on top of a important support, which is between .17458-.16656 (.16656 being the .236 of a down fib I plotted and the area I would put my stop loss under). It is interesting that our 1D candles have closed above the top of this support of .17458 ,which shows to have been a strong support historically, because our indicators also look bouncy in this area. The RSI hit 30.87 (Oversold),Our Stoch RSI has created a descending wedge and has flipped bullish to give us a hard buy signal today, MACD still shows selling pressure because it is reflecting the sell pressure we have already received (but I assume will flip soon). From a bearish prospective our price action is trading bellow the EMAs and we have been in a down trend for years, but I have some interesting information that indicates the bottom could be in for XRP. First on June 13 2020 the Poloniex BTC/XRP chart hit one of the strongest historic XRP supports and wicked extremely hard upward. Second if we do bounce significantly from this area through the major resistances above (The EMAs and tops of the Descending Broadening Wedges) then we will probably rocket upward based off the TA projections (1st Target .25 area / 2nd Target .30 area/ 3rd Target .34763/ 4th Target .49342). Third many things are happening within the Ripple/XRP world, some things I cannot bring up (Political moves being made within banks/Gov to garner Ripple/XRP support) not to mention the COVID19 need for digital currency, and lastly China/USA competition to be the first to control the 4th industrial revolution (CBDC, Reserve Currency, etc.). *Side Note watch BoA :)* (SHORT/ MEDIUM TERM) Oh yeah I really think institutions are looking for a back up plan, I think that they will use cryptocurrencies as a back up for when and if the stock market takes another drastic plunge. Meaning I could see institutions going deep into crypto and marketing cryptos on their platforms for retail traders and speculators to make Wall Street Money while stocks take a dive. Tons of money could flow into the crypto world, I don't see this as the endgame for XRP but I see it as the means to their end.
BITFINEX:XRPUSDLong
by Tachycardia
Sell on GBPAUD after Hitting Resistance inside ChannelHello my fellow traders, hope you'll be making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. The pair is moving in Ascending channel from a long time now. As we can see that it has hit its channel resistance so as per our analysis it will fall till its channel support. Let us know your views on this in the comment section. Thank you all. There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R.Lopes
Short
by Ryan_lopes
Sell on EURGBP (With TP and SL)Hello my fellow traders, hope you'll making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that the pair is moving in downward direction. It did not break its trend line resistance. So as per our analysis the pair will continue to fall till it hits the support line. One can short the trade from here TP-0.86887 and SL-0.89545 Let us know your views on this in the comment section. Thank you all. There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R.Lopes
Short
by Ryan_lopes
Matic Network Descending Channel Bullish break out soon. 1DChartThis is my personal analysis not trading advice. I have drawn an "Up Fib" from the inception of the Matic chart to show key support and resistance, you can see now that we are currently hitting resistance for several reasons but I will explain why this is not an issue. First we see that we are butting up against the .5 resistance of the up fib and also the resistance of the descending channel drawn out in red lines. This is current key resistance but there are many indicators suggesting we break these resistances soon. If we look at my indicators at the bottom of the chart we see the RSI at 56 which is neutral yet pointing upward, the MACD histogram is showing selling pressure subsiding and the signal looks to want to cross up and above the MACD. Also our daily Stochs RSI indicator gave us a buy signal on the 18th and is pointing up up and away. It is also important to note that we have found support upon an ascending trend line since Dec 18th 2019, which makes our current support very strong. Our candles are currently above the EMAs and specifically above the cyan 21D EMA. On Feb 16th we bounced off the key support of the green 100D EMA/ Long term ascending trend line/ .618/ and the bottom of the descending channel. Now in regards to the descending channel we must know that statistically speaking we generally break out up and above from these type of channels. They are generally bearish in the short term as we see the price action ping pong lower but in this case we note that there are so many points to indicate that we break upward soon. My next target would be around .027 cents at the next key breakout resistance which is the .382 of the up fib. The main occurrence that would make me bearish would be a break down from the ascending trend line that we have found support on since Dec 18th of 2019. Fundamentally speaking we must also note that the Matic Network team is about to complete huge parts of their road map like their Mainnet and staking delegation features. There is also a lot of buzz surrounding a soon Coinbase Pro listing and possibly Binance US listing because we recently saw a Coinbase Custody listing which proves that the Matic token is cleared in the US from a regulatory stance. We also know that there are many Ethereum projects waiting to deploy on the Matic Network after mainnet completion and these are not just any ordinary Dapps but Dapps much sought after. Also we saw that Bob Summerwill of ETC is looking to have the Matic Network scail their Ethereum Classic project meaning Matic may soon be a second layer scailing solution for ETC also soon. There is so much more but I cannot share everything so keep your eyes peeled :)
MLong
by Tachycardia
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