Cloud
LONG - SNM - Trading OpportunityReclaim and retest of the bottom of the 4h cloud, making higher lows each time a drop happens, seems like we could easily reach previous high and the top of the cloud.
Entry: 0.00000148
Target 1: 0.00000161
Target 2: 0.00000188
SL: 0.00000141
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Similar Weekly cloud decision as 2018 for Bitcoin in DecemberWe've broken the 200MA on the daily (yellow line) for the second time. Unless the bulls come in and pump this thing back up above ~9300, we will close below it. As you can see in 2018, the second time the 200MA was lost, it wasn't regained until more than a year later.
The second chance for a reversal will come in December, Christmas week. BTC will need to decide -- above or below the weekly cloud. In 2018, there was little upside after the failed retest of the 200MA. That retest was about a month before a dribble mostly down into the cloud.
On Sunday, we say a failed retest of the 200MA on that pump to 9200. Was that the 2019 top? We shall find out!
My hunch is that bulls are in for a BIG surprise.
If it's not obvious to you at this point that this "bullish" cycle is most probably over, you might want to get used to the thought.
For the record, based on history, I'm thinking DOWN.
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Palto Alto Networks - New uptrendTechnical Analysis
We are breaking a previously tested resistance at $230.
To enter the new channel, we probably need to close above $235.
OBV is at all time highs.
RSI(10) @72, has been following setting lower lows and higher highs.
Overbought can continue to be overbought.
Check risk reward ratio in-chart.
** I would wait for a breakout to the new channel, or at least a pullback to the $230 now new support.
LONG - BCHABC - Trading OpportunityBCH trying to breach the bottom of the daily cloud, as it failed on the previous attempt but now back at it again with stronger volume, the play here is to wait for the daily candle to close for a buy in opportunity.
Entry: 0.02984
Target 1: 0.0327
Target 2: 0.0352
SL: 0.0283
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
USD/CAD Long Opportunity.We can see that the bearish momentum is fading, furthermore we have bullish RSI divergence, and price is now sitting on a key level of support. DXY is showing bullish movement and with the expected rate cuts in few days we will see a strong bullish move. Good risk reward ratio, so very tempting trade. Trade carefully and risk no more than 2% of account.
Netapp made a couple bullish trend line breaks; target 57On October 14, options traders bought a bunch of November puts on Netapp, apparently betting that the stock would get rejected from the trend line it was testing and fall further toward the high-volume support node around 40.50. Instead, Netapp successfully made two bullish trend line crosses. There's quite a bit of upside potential here. It should at least test 57. Possibly it will gap fill to 57.45, in which case the next target is about 62.50. In the most optimistic scenario, it could test the next trend line, maybe around 66.50 early next year.
The average analyst price target is slightly below the current price, which could be a drag on the stock. Cloud services like Netapp have been weak this earnings season, and Netapp next reports earnings on November 13. I'd tend to expect the stock to be bearish going into earnings.
However, analyst ratings on Netapp have been improving, and it's currently got a 6.9/10 summary score from Thompson-Reuters. Netapp also has an attractive P/E under 14 and forward P/E under 13. It's rated highly undervalued by S&P Capital IQ. If analyst firms raise their price targets after this trend line break, that could be an upward catalyst for the stock.
Bullish options activity implies an earnings win for MSFTOptions traders have been buying more calls than puts on Microsoft ahead of earnings, implying that they expect the stock to beat analyst expectations. It's close to the bottom of its recent trading range right now, making it a good buy today for a potential pre-earnings pop as well as a post-earnings bump. Popular strike prices are 140, 142.50, and 145.
Microsoft is one of the more reasonably valued mega cap stocks right now, with a P/E of 27 and an 8.7/10 analyst score. S&P Capital IQ rates it undervalued. Driving Microsoft's growth right now are its Azure, LinkedIn, and Dynamic 365 platforms. It's also getting back into the phone game, this time using Android rather than its own Windows operating system.
Long the retest of flipped resistance/ supportlot of factors at play here on the 1 day candles chart.
1. gold cross attempt
2. Stochs at 0 multiple days
3. Impulsive move down from impulsive move above $34
4. Goldman bullish story published
5. recently off of ex-dividend/ record date
6. 9/20 calls/ puts at 32.50 resolved
#bitcoin - 3D E-to-E (end-to-end) #ichimokuGood morning guys,
today we are having a very simple look at what´s been happening without drawing a single line or zone.
Fact 1: We have talked about the bearish descending triangle with the Quarterly Pivot as Support and been saying this has better odds to break down than up and it´s anything else than a bullish formation.
Fact 2: For those who know me well enough: the 3D-interval (my absolute fav) is essential looking at the Ichimoku cloud, Bitcoin has tested the P-Q once more whilst diving into the cloud and failed to bounce, this was the final hint.
Fact 3: The Yearly Pivot plus the support through the cloud has been clear target of this major move.
What happens next?
Assuming we ignore BAKKT, the Yearly Pivot is key, right now we could accumulate here and once more find support exactly at this price level (couple of hundreds of $ swings within). Asking myself how the odds are that we break down further doesn´t make sense right now, also a fact is, it would not be nice if we would as we might see levels as low as 5.4k-4k.
Without reversal signs, this is a an area that does not give away a direction and is, therefore, a classy no-trade-zone.
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Warm regards,
Neru
ORCL technicals at resistance level with earningsTechnical Analysis
On June 20th, we started and important channel, and we are back at this level at $55.5
Since this date, we have a slight RSI upward trend, with an even bigger OBV uptrend.
Fibonacci retracement level at 50%
Important dates
Earnings will be announced Thursday September 12th, after the close.
USOIL - Continuing to buy dipsTrade Idea
The move higher is mixed and volatile, common in corrective sequences.
Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher.
Previous resistance located at 57.40.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
News events could adversley affect the short term technical picture.
Preferred trade is to buy on dips.
We look to Buy at 55.50
Stop: 55.00
Target 1: 57.00
Target 2: 57.40
#litecoin - $100 remains level to break "3D"Litecoin is struggling to hold itself above a key support level around $90. LTC did not manage to hold the $100 mark, which has been tried and failed. If the 3D is going to close below this level tomorrow night, the picture is going to change to more bearish, possibly heading down to labeled supports. The Key-Leadline is broken and tested several times from below. Litecoin needs a serious push from wherever to save this, otherwise the Yearly Pivot seems out of reach for the near future.
Next support would be in the $70 area. Cloud is almost turning bearish, and Litecoin should not enter it.
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Warm regards,
Neru