Beyond FoMo... Speculation.Beyond Meat is breaking out of a Bull Flag and is at the bullish 50 & 200 day ema crossover point. If the price can break through and stay above the strong 170 resistance area for a couple weeks this could confirm a bullish long term trend. Although there needs to be a considerable increase in volume to make this happen.
Watch out for a "Fakeout" above resistance which could have high volatility like on Jan 26th
A covered straddle option strategy is useful in a scenario like this when the price could move up or down quickly.
The RSI is looking weak, the price could move down after getting rejected at a resistance point and remain in the pennant shape for many more months until it makes its major move out.
Make sure to be aware of the overall market conditions while trading and avoid over leveraging in risky setups.
Crossover
CIDM BreakoutLets not forget that our 200 500 EMA(blue red) haven't crossed since 2015. If volume is present based off current good news and catalyst we can see a breakout for bull run in the future.
Bitcoin SwingLast swing went great and it's currently looking good for another swing set up.
Price broke out of a rising wedge in the 1hr timeframe which is both a bearish chart pattern and a bearish signal.
MACD is about to cross on the daily timeframe and Ichimoku cloud is still thick meaning strong momentum is there.
Expecting more dump in the next coming weeks so I set up a swing here.
I am expecting a big dump so I may hodl this swing for a couple of weeks.
Stop is a bit tight so I might extend it up to possibly a 3% (30% since I'm leveraged), but first I want to see how the current set up plays out.
If I get stopped out, no worries. I'm risking what I can afford to lose.
Disclaimer: This is my personal opinion and is not to be taken as financial advice.
$TRIP Surge in travel comingHello,
A number of reports have been released in recent weeks that hint at travel becoming red hot as the world pulls out of the covid crisis. With 50% of US adults now vaccinated expect people to use those stimulus checks to book trips and travel. We've all been pent up inside. This is one of the trades I am most excited about For June - August. My personal price target is between 46-52.
Beyond the reports we see the usual hallmarks of bulls attempting to regain control.
1) OBV has flipped the average and accumulation has started to occur
2) CMF has halted the downward decline as buying pressure from the accumulation is taking hold -- meaning that people now believe it may be worth more in the future where as two weeks ago they though it would be worth less.
3) the MACD short term has crossed over the MACD long term. Meaning that suddenly the average price is eating away at that 'negative average loss per day' and is pushing back towards a neutral 0 but with bullish momentum behind it.
This trade is still early on, but it's a good entry price if you're looking for a travel option. I looked at a large number of cruise lines, airlines, and other travel associated tickers. This one looks appealing because it's close to a recent low, has cheap options, and has a good chart--imo.
As always, control your risk, trade carefully. I am not responsible for your trades, gains, or losses. I just find ideas and present them.
Best of luck.
GOLDEN CROSSOVER try to happen in 4hr time frame,Welcome to this quick update everyone BTC broke out of the falling wedge pattern as per in my previous BTC Chart.
What’s really important right now for BTC is already break the 50 MA done and has to maintain the 50MA the 21 MA in this 4 hour chart. did Golden Crossover give momentum
to bitcoin really to 50k in 4hr time frame, Although its very bullish sign for btc lets see what will happen.
To keep it simple 37k needs to hold for btc to remain bullish and break the 40k level.
43k still remains the target once we break above the 50D MA.
Hope you like this quick update on BTC and plan your trades accordingly.
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Very Strong Sell Indicator for ETHBTC CrossWhether it is selling a CFD or merely moving money from ETH to BTC, the short term for this cross is pointing downwards. This is because ETH and BTC are at very different points in the day graph:
* ETH is in overbuy range while BTC is almost touching the oversell.
* ETH just hit the all-time high amid diminishing market, which increases the tension downwards. BTC hit a major low and appears to have found support, so up it should go.
* BTC today tiuched the 1W median of the Bollinger Bands. Any sustainable move downwards would indicate a long bearish market, which is unlikely for now. ETH is on the median of the bands in the day graph, which is not a significant support.
Make no mistake, the foreseeable future belongs to ETH in terms of growth. However, the short term, that is the few days to come, it's another story.
APHA Day-Trade / Swing-Trade IdeaAPHA is a potential day/swing trade idea.
Technical Analysis:
A (bullish) inverse head & shoulders pattern is nearing confirmation.
Crossing above the previous high (Pivot) of 17.58 is a key indicator for this.
Bollinger bands on the 20-day SMA indicate that APHA is currently oversold and trending upwards towards the central mean (Red Line).
Potential price movement shown (up to 19.09) is based on the delta from the the neckline to the head of the H&S pattern. However if momentum develops from FOMO or other news, that causes the price to cross above the central Bollinger mean (Red Line), the next pivot could be 20.97.
Other catalysts that are moving investors towards APHA are:
1.) the upcoming finalization of the merger between TLRY (Tilray) and APHA (Aphria).
2.) investors positioning themselves for TLRY's (Tilray's) upcoming earnings report.
3.) Newyork State Governor (Andrew Cuomo) news of upcoming legalization of Cannabis.
4.) The prospects of future mergers and acquisitions (M&A) or other market expansion within the United States as the House and Senate move towards legalizing Cannabis at the federal (National) level this year.
Just my opinion, not advice.
LPCN Entering at Support LevelPrice seems to have a lot of support around 1.80 , which looks like a nice point to enter. I would wait and see what this week holds, as I suspect it could go test that support again. I see this stock as a long-term play, but the price might oscillate around that support once more before rising.
I will pay attention to the MA90 crossover, as it could indicate a downtrend. if it isn't strong enough, I suspect the price to recover quickly and try the 2.25-2.40 resistance zone again.
Trade well!
TSLA downtrend looks like it should last for a while longerThe trend has clearly broken on this 4 hour chart and it looks like we are going to either find support or what I think is more likely (and interesting) retest the $640 area of consolidation. There is a lot of bullishness behind TSLA but a healthy pull back may be a good opportunity to get in below the all time highs for the first time in a while.
MMP is looking bullish NYSE:MMP is looking bullish, 200 MA and 50 MA are crossing and the stock is trading above 20 MA. The anticipated price movement is shown on the chart, buy now or wait for retest of the 50 MA with a trailing stop daily close below 50 MA, a break of 50$ confirms target around 60$.
Hit the like button please if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
BA Crossover$BA appears to be breaking a key resistance level by crossing over the 50-day SMA. BA also crossed over the 21-Day EMA, indicating a change in trend from bearish to bullish. For a conservative move, a stop loss can be set at the 50-day SMA. Otherwise, profits can be taken at the 61.8% Fib level, or other fib levels as chosen.
Summary
$BA is breaking 50-day MA and has crossed through the 21-day EMA, indicating a bullish trend.
Support: $212
Resistance: $226 (61.8% Fib)
Disclaimer: This is not professional trading advice and should not be taken as such.
Emaar Properties is showing bullish price actionDFM:EMAAR broke out supported by a bullish cross over between the 200 SMA and 50 SMA. Any pullback towards 3.26 or if the pullback extends toward 3.06 is considered a buying opportunity.
Short term targets with anticipated price action are shown on the chart.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
LUPIN 4H Analysis - Long PositionLupin is looking very bullish from here. It can give huge targets in the coming days. Descending triangle breakout - can expect good levels around 1080-1100 in coming days.
Buy - 975+
St Loss - 945-940
Target 1 - 1050+
Target 2 - 1100+
A very good trade with risk to reward ratio more than 1:3.
SCALP - GBPJPY BUYMarket conditions are showing slowing of selling momentum. Price should be looking to retrace and retest target level. Entry on trend line break and close above grey resistance area. Conservative stop loss will go below the low of the candle that breaks and closes into the resistance area with a max stop loss as shown. The indicators I have chosen are all acting in confluence to the emerging move to the upside.