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Bullish on DKNG(This is not financial advice) Hey everyone play on DKNG again here. Bullish on this stock for a few main reasons. I think this stock is very oversold along with many other stocks that have dipped during earnings. My main reasons for liking this play on this stock are as follows: - Dipped even after good earnings and great growth in sports betting - Oversold on RSI - Great Social Sentiment on the Stock - Good amount of volume moving in - 1.2 Risk vs Reward Not much TA really backing the trade laid out some good supports and resistance for taking profits. Let me know what you guys think with a like or comment. Be sure to follow as well. Thank you! - Vlaire
NASDAQ:DKNGLong
by vlaire
1
This is still a BULL MARKET Let's review everything that happened from 18 APR: Bitcoin lost the support at $59k so we dropped to $56.7k which was the most important support level at the time. We all expect a bounce from there but the price directly went below there and turned it into the major resistance. Every attempt of reclaiming $56.7k resulted in a lower high and a lower low, until we broke our temporary support at $52k last night too. The next support in line is $46k and this one could be the possible low of this wave. Weekend is coming so the market is going to be more vulnerable. Thus, something like my drawing on the chart is possible this weekend. IN SHORT TERM IT IS VERY UNLIKELY THAT WE GO ABOVE $64K, but the market is still bullish so give it time. follow my next idea to understand why we are still in a bull market.
BITSTAMP:BTCUSDLong
by CryptoSep
2
Watch for JPM dip to $142Full disclosure...I believe that JPM's recovery from the COVID crash occurred for 1 of 2 reasons, maybe both: 1) They're too good at making money (or not losing it). 2) They're cheating. There are two concerning trends that I would like to point out with this analysis. I'm more inclined to believe the latter due to precedence, which increases the long-term risk for big dips. Yes, they will recover from any selloff, however, this is the reason that I do not like JPM long. The news regarding the soccer super league that would be financed by JPM is a big reason for the dip we are seeing now. Reports (credibility unknown) show that soccer fans are boycotting the bank for all the wrong reasons. If the stock breaks the lower boundaries of the wedge, I can see a selloff to a sub $145 region, which would provide a great buy opportunity, with a $163 price target in mind. The same goes for the upper limits of the wedge. The Head and Shoulders pattern gives me some worry about the possibility of breaking $150, before going below $145. Bold predictions as usual... JPM options usually prove to be extremely lucrative I believe that they are currently overvalued (especially at $160), I would love to hear some reasons for an oppositional opinion. *Share your thoughts and concerns with my views! **Not a financial advisor. ***Don't judge me on my winners. Judge me on my losers, because there are so few.
NYSE:JPMShort
by kambach
2
Will BNB get to ATH again?Here's a quick look at BNB 4 hr chart. As we can see the price dipped below the falling channel and managed to get back in. We might now see a break to the upside and that will be a good buy opportunity. Note: The RSI looks good for another push higher! The idea is: Buy the breakout from the yellow falling wedge and Take profits at the levels shown in the chart. Targets: 1. 550$ 2. 594$ 3. 637$ Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
15
Bitcoin Good Accumulation Area.For everybody that was upset they couldn't get back in at below $60,000 well here's your chance. Below the 50,100, and 200 day moving averages. We're very oversold on the 4 hour Relative Strength Index as well. Anytime I see Bitcoin drop that low on the RSI I believe it presents a great entry and accumulation zone. But I'm no financial advisor. It's beautiful to see Bitcoin holding well and strong above $50,000 further solidifying Bitcoin as a base floor price of $50,000. We shall see. Don't be that girl or guy wishing they purchased when Bitcoin was below $100,000 before it become "TOO EXPENSIVE." This is the greatest asset of our lifetime. Everybody should have a goal of owning at least 0.28 Bitcoin for your family and portfolios.
COINBASE:BTCUSDLong
by peacefuljustin
2
Dip BuyCredit Suisse is one of the most credible investment banks with various arms of business that has given them a phenomenal balance sheet. The recent Archegos implosion may put some clients on edge and although the bank has had to sell some hefty positions, it is expected that such a strong company will return. RSI has reset and bounced showing a reversal may be imminent. The stock should follow as buyers step in to buy the dip. Long over 10.4, Short under, PT back to fair value at $21, phenomenal risk return.
NYSE:CS
by Samirp01