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Bearish pennant to ~42k? (4 hour view)Hello all!👋😁 Thanks for joining here today🌞🌆, as we climb into 🏂this technical approach analysis 🎯🎯🎯NOTE🎯🎯🎯 Likely to continue to bounce around and contract tighter before we see impulse wave↗↘🌊 This is just my current view , simply explained.🆗👍👀 BTC has made us huge gains 💪💲 in the past couple weeks as we soared🐱‍🏍 to ~52k.5️⃣2️⃣ Now we seem to be creating a bearish pennan t🐻▶ (could turn bull🐮 but I am leaning towards bearish🐻)🆗 We started to dump, and if we continue this dump (very possible😀,) I would expect to see us hit 30 percent fib retracement of our most recent impulse move that lead us to 52k. (See yellow 🟨 line ➖ on chart📈) If we can do as mentioned above, we can also make room for more highs in the near future.😄👌📌 I am expecting a dump and pump situation.⏰↘😨↗😍 Other situation (Daily view) Bullish cross! 50 and 200 day MA.. We will either get rejected from this cross or it will cross bullish and we continue up. This is a critical moment. Always remember🕵️‍♀️ 🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs, major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Thank you so much Jazerbay I would love to hear your thoughts, let me know how you view the current situation! 👋
BITSTAMP:BTCUSDShort
by jazerbay
30
$SRZNCommon stock and warrants to commence trading on Nasdaq on August 12, 2021 under the ticker symbols SRZN and SRZNW SOUTH SAN FRANCISCO, Calif., Aug. 11, 2021 (GLOBE NEWSWIRE) — Surrozen, Inc. (“Surrozen”), a company pioneering targeted therapeutics that selectively activate the Wnt pathway for tissue repair and regeneration, today announced the completion of its business combination with Consonance-HFW Acquisition Corp. (“Consonance-HFW”), a special purpose acquisition company (“SPAC”) sponsored by entities affiliated with Consonance Capital Management. The resulting combined company will commence trading its shares on Nasdaq under the ticker symbol “SRZN” and its warrants under the ticker symbol “SRZNW” on August 12, 2021. The shareholders of Consonance-HFW approved the transaction at an extraordinary general meeting held on August 10, 2021, and the transaction was previously approved by Surrozen’s stockholders. Surrozen’s management team, led by President and Chief Executive Officer, Craig Parker, will continue to lead the combined company. Craig Parker, President and Chief Executive of Officer of Surrozen, commented, “We have long known the importance of the Wnt pathway as the body’s own mechanism for tissue repair but harnessing its promise for therapeutic applications remained out of reach for drug developers until recently. We believe Surrozen has the potential to unlock the promise of the Wnt pathway and transform treatment of multiple serious diseases.” He further commented, “The capital raised from the successful completion of this transaction, along with our strategy to accelerate the development of our innovative programs, will help us bring this vision to life.” Gad Soffer, Chief Executive Officer of Consonance-HFW, commented, “We are proud to partner with Surrozen in hopes of providing breakthrough therapies in areas of high unmet need.” He added, “By combining experienced industry leaders with an innovative approach to harness the therapeutic potential of the Wnt pathway, we believe Surrozen is well positioned in its efforts to transform treatments for serious diseases.” About this Transaction On April 15th, 2021, Surrozen, a privately held biotechnology company, entered into a definitive business combination agreement with Consonance-HFW, a special purpose acquisition company (SPAC) that was created for the purpose of entering into a business combination with a selected life sciences company. The description of the business combination contained herein is only a high-level summary and is qualified in its entirety by reference to the underlying documents filed with the U.S. Securities and Exchange Commission. A more detailed description of the terms of the transaction has been provided in a registration statement on Form S-4 filed with the U.S. Securities and Exchange Commission by Consonance-HFW. Transaction Advisors J.P. Morgan Securities LLC is acting as financial advisor to Consonance-HFW in connection with the business combination, and J.P. Morgan Securities LLC and BofA Securities are acting as placement agents on behalf of Consonance-HFW. Guggenheim Securities, LLC is acting as financial advisor and capital markets advisor to Surrozen, and Stifel, Nicolaus & Company, Incorporated is acting as capital markets advisor to Surrozen in the transaction. Goodwin Procter LLP is acting as legal counsel to Consonance-HFW, Cooley LLP is acting as legal counsel to Surrozen and Wilson Sonsini Goodrich & Rosati, P.C. is acting as legal counsel to the placement agents. About Consonance-HFW Acquisition Corp. Consonance-HFW Acquisition Corp. is a recently incorporated blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. It is led by Chairman Mitchell Blutt, M.D., Chief Executive Officer Gad Soffer, Chief Financial Officer Kevin Livingston and VP Business Development Joshua House. About Consonance Capital Management Consonance Capital Management was founded in 2007 with approximately $50 million of assets under management by Mitchell Blutt, Benny Soffer and Kevin Livingston. As of March 31, 2021, the fund has grown to approximately $1 billion in assets under management and focuses on equity investments in life sciences companies, with an emphasis on small and mid-cap life sciences companies. About Surrozen Surrozen is a biotechnology company discovering and developing drug candidates to selectively modulate the Wnt pathway. Surrozen is developing tissue-specific antibodies designed to engage the body’s existing biological repair mechanisms with potential application across multiple disease areas, including diseases of the intestine, liver, retina, cornea, lung, kidney, cochlea, skin, pancreas and central nervous system.
NASDAQ:SRZNLong
by BADQOMOCAWGOWLD
AUDCADIN AUDCAD we can see price is rejecting from its daily and 4H strong reistance zone and now price is forming rising wedge patterns in uptrend which is the sign of reversal one more confirmation is rsi bearish divergence but we need to confirm this after the breakout of rising wedge down side than we entr short position and out targets are wedge starting point which is 0.9284 and if this level break than we try to achieved TP2. NOW talk about stoploss which is very important so our SL is This red resistance zone 20 to 25 pips above this zone.
Short
by naumanfx_
(Bursa) NCT: Bullishness ahead!Price bounced off the Demand Zone back in mid August, and also broke out of a down trendline recently. Price also stayed above the 20 & 60 MA on a 1H chart, which should mean the consolidation is done and ready for breakout. Looking to enter now. Target profit 1 at 0.575 Target profit 2 at Supply Zone Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
MYX:NCTLong
by leslieyimsm
COIN: More upside coming!Rounding bottom pattern + a triple bottom. We should see more upside for COIN moving forward! Missed the better time to enter last week when it touched the up trend line + 50MA, but we should be able to get another entry in the next few days. Entry = $249.50 Stop Loss = $235 Target Profit 1 = $280 About 2 R/R to look in some profits, and let the remaining run. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
NASDAQ:COINLong
by leslieyimsm
2
RBLX: Potential multibagger!A big company with lots of potential! Fundamentally, I think it has captured lots of upside. As it continue to grow, might even be bought out by big corporations like Microsoft. Anyway, back to technical analysis. Broke out of a down trendline back in the beginning of August, and an exhaustion gap right at the trendline! Market wasted no time in closing the gap within the same day. Looking to enter at this retracement. Entry = $85 Stop Loss = $82 TP1 = $90 Mainly to hold long term. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
NYSE:RBLXLong
by leslieyimsm
3
LCID: Unlikely to be going anyway soon (Requested by asyong) Sudden surge up at the turn of the year, and then quickly crash down after slightly more than a month. Looks like a pump and dump in action. Will have to dig into the company's background and fundamentals to see what's actually happening. From technical point of view, it is unlikely that this stock is heading up any time soon. Price broke below the recent $23 support, and the next support is around the $19 area. Definitely leaning towards bearish side but since price is in the middle of the range, I won't be selling yet. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
NASDAQ:LCIDShort
by leslieyimsm
5
$SOFISoFi Technologies has received a lot of attention from a substantial price movement over the last few months, increasing to US$23.89 at one point, and dropping to the lows of US$13.75 It seems Sofi Technologies has be gaining as a platform, and members seem to be growing. The further development of their app and platform should increase user satisfaction and create networking benefits. SoFi Technologies is just starting its journey and will have a lot to prove before it can become what it sees itself as - an automated banking and financial service platform. The last quarter showed some encouraging growth, but should be taken with a grain of salt because it seems to be reflective of current trends for investing and financial distress because of COVID. Analysts are estimating close to $2b in revenue and a break in profitability after 2023. However, the current market cap for SoFi is US$11.8b, which is reflective of the very long term potential of the company. It may be too early to assess if the company can actually reach that potential, and the current valuation seems a bit speculative. But overall, I think this company has an incredible future ahead. When we move to the technical side of things SoFi Technologies has been a little everywhere but it’s currently sitting on strong support on the higher timeframe and should be a level to watch out for. A break of support could see this stock tumble but if it continues to hold, we could see Sofi move towards the $16 level to fill the gap. Keep this on your watchlist.
NASDAQ:SOFILong
by TheBlankFund
XAUUSDIn Gold we can see after drop from 1909$ price is struggling between 1784-90 today is very imp news data coming from us lets talk about technical levels of gold and expected move. Here we can see price is respecting its support of 1883 a strong trend line and alse double bottom formed. Here we have two senario if price break this support than it goes to 1777 and strong support if break 1777 than wait for retest of support now as a reistance and than entr short position in xauusd. 2nd if price respect this double bottom than you can entr buy position SL below trend line and double bottom 1780 and you take profit is 1797 and 1800 and 1810....
OANDA:XAUUSD
by naumanfx_
2
TOP REVERSAL PATTERNSTOP REVERSAL PATTERNS At the end of a trend, there is a typically a reversal pattern indicating to us that the trend is about to reverse. There are 3 main patterns that you NEED to know. 1. Double Top / Double Bottom A double top /bottom pattern is a chart pattern that consists of 2 consecutive peaks of similar height indicating that there is not enough buying/selling pressure to surpass the extremes of the price. This leads to a reversal in trend. Double top is a bullish to bearish trend reversal. Double bottom is a bearish to bullish trend reversal. For a safe entry, entry would be after the break of the neck line (the last swing point) which is a confirmation that the it is a valid double top /bottom pattern. 2. Rising Wedge / Falling Wedge A rising/ falling wedge is a chart pattern that occurs when price is making higher highs and higher lows (in an uptrend – rising wedge ) and lower lows and lower highs (in a downtrend – falling wedge ). As the pattern progresses in the wedge , the range of the price contracts and is confined between 2 lines which get closer. Price eventually breaks out of the wedge and creates a reversal. Rising wedge is a bullish to bearish trend reversal. Falling wedge is a bearish to bullish trend reversal. For a safe entry, wait for a breakout of the wedge to confirm the validity of the wedge pattern. Rising Wedge 3. Head & Shoulders / Inverse Head & Shoulders A head and shoulders pattern is a chart pattern that appears as a baseline with three peaks. The outside two peaks (shoulders) are close in height and the middle is highest. A normal head and shoulders is a bullish to bearish trend reversal. An INVERSE head and shoulders is a bearish to bullish trend reversal. For a safe entry, it is often advised to enter on the break of the neckline as that would be confirmation of the head and shoulder pattern. Inverse Head & Shoulders: Do your best to find them in your analysis!
BINANCE:BTCUSDEducation
by fxpremiere
Create Alerts And Wait PatientlyCreate Alerts And Wait Patiently There are two key steps to creating alerts: 1. Find Important Price Levels Do your research. Find a price level that looks important and wait. Patience is everything. You have all of the tools available to you to research and follow markets. Whether it's a simple trend line , moving average or a custom Pine Script, use the tools to make better decisions. 2. Create The Alert Once you've found a level that interests you, create an alert and walk away. Right-click on that exact price level and then select "Create Alert" from the menu. You can also use the keyboard shortcut Alt + A or on a Mac option + A. Lastly, at the top of every chart is an alarm clock icon ⏰. Click that to open your alert menu and get started. The chart in this example shows a level we're watching. It also shows the alert we created. We have our eyes on a possible Double Bottom and we made an alert to watch that level. We'll get notifications on our TradingView mobile app, through email, and on our desktop. We won't miss it. 😁 Alerts can help you plan ahead and wait. We all know patience is important. So use alerts to express that patience. Thanks for reading and we look forward to hearing your feedback in the comments below!
BINANCE:BTCUSDEducation
by fxpremiere
Creating A Trading Plan and Executing A TradeCreating A Trading Plan and Executing A Trade As with all great trades, we require a trading plan. This is a perfect example of how to analyse, execute and manage your trade. See linked chart for the initial trade idea. See below for a step by step guide on how we entered this trade and what we looked for. Goodluck and trade safe! Mar 26 Comment: First step: Identification. You have to identify when a trade set up is coming. For this pair, we were waiting for the ascending wedge to break down. From this you can see that we had an impulsve break of the ascending wedge indicating that the trend is about to reverse. We also marked out an area of interest where price may come back to retest. Second step: Preparation. We now wait for price to retrace back to the area of interest. We should also attempt to draw a trendline on the smaller timeframe to allow us to monitor the correction and get ready for the next step, execution. We now wait for the correction to break. Entry is on the break of the correction with stoploss just above the correction. We use the start of the correction as the first TP or a level to put our trade in breakeven. For this set up, the stoploss was only 30pips and first target was 106pips (Risk reward 3:5)
BINANCE:BTCUSDEducation
by fxpremiere
ATOM > Trendline Breakout > It's time to fall?### Trade only when you see a rejection/retest## Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of ATOM. According to my technical analysis, ATOM will now go down as it just broke out from trendline and we are waiting for a retest. I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by tradethrill
3