Cardano At The Top | Short OpportunityDue to today's CPI data, the crypto & stock market reacted with some volatility. ADAUSD profited from this situation and maintained a strong upwards trend throughout the day. The price is currently in the overbought area and is already showing some signs of weakness.
I took a short position one hour ago (10x) and I will keep this position for the next few hours.
This should end up as a pullback instead of a trend-reverse, therefore my target is located at the previous horizontal resistance.
My stop-loss is above the previous high - once we reach this level, we're likely going to see another high for today.
Trade carefully. Also, feel free to check out my bio for my crypto trades.
Cheers,
ARESABI
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Trading Idea - #VolkswagenMy trading idea for Volkswagen - Buy / LONG
Target: EUR 143.00 (+8% gain)
VW has sold more electric vehicles worldwide than in the first quarter of the year. This is a positive business development despite supply bottlenecks.
It is becoming apparent that many automotive suppliers have reached a low point in their business development. Nevertheless, the car manufacturers themselves continue to act very strongly.
In the second half of the year, profit momentum could pick up again as China plans tax reductions. From today's viewpoint, VW would be one of the biggest beneficiaries.
Better outlook for the second half of the year is expected due to the end of the semiconductor shortage, which is becoming more and more apparent.
From a technical chart perspective, we are in a support area both in the short term (15M) and in the long term (1D), which makes buying the share attractive.
Trading Idea - #LindeMy trading idea for #LINDE - Buy/LONG
Target: 292.00 EUR (+6% profit)
Linde PLC produces industrial gases which are afterwards used in various sectors such as the energy sector, steel production, chemical processing, environmental protection or medical therapies.
On 14.07.2022, an unusually large long position appeared in publicly available options trades. It is not clear whether it was an institutional investor or a wealthy private individual. What is clear, however, is that someone knows something positive is going to happen.
Apart from that, Linde has successfully tested the long-term support line this month. A further upward movement would be the consequence. My target is the annual POI around EUR 296.00.
OIL major level supportOil major level support getting close. We can see price basically doing copy paste cycles. Blue boxes are equal as are the purple boxes. Hopefully price will be stopped at fib extension 127,2% on a perfect psychological price at 11$ and we'll see some upwards movement coming in.
LTC/USD Making a bull flag, potential 50% long! Hello traders!
After looking in to LTC i saw interesting bullish flag pattern! STOCH and RSI are both looking like they need just a bit more of a downtrend but after that everything will be soon bullish!
the Flags target is on the secon Fibb after the one it broke!
Potential buying target is around 210$ and sell around 50% up!
The red line at 0.5 Fibb is the previus target and do NOT sell at that point!