DSY LongJSE:DSY is showing good upward momentum and is looking promising for a long position. After the EMA's crossed we have had 2 "red days" but is still showing upward momentum. I think we could see a move towards the 15000 resistance level.
Discovery
DISCK Hedge Fund Blowup Long on Dips?Will this corrective (A), (B) , (C) on DISCK acting as a good opporunity for some longer term call option on DISCK?
DSCA and VIACOM recoveryAs we all know, Discovery and Viacom got crushed with the margin call that Archegos suffered past week. This fall has nothing to do with fundamentals or something that matters to the firms, is simply the fact that banks were forced to sell these stocks at discount. We can expect a quick recovery, perhaps not to the ATH, but a pretty decent recovery.
DISCA - Stairs Up, Elevator Down 💀Oooof! What a magnificent dump! Whoever was on the short side is probably moving to Cayman Islands now.
Such a mega dump action should result in a quick bounce reaction. $55 level would be my exit level to watch.
No analysis on this one. YOLO play.
DISCA Discovery selloff targets to watchIn the last 6 months DISC Discovery went up 280% which is a bit concerning.
You can see in the chart the targets to watch and also the area that i intend to long DISCA once again.
ANALYST RATINGS:
3/23/2021 UBS Group Downgrade $24.00 ➝ $46.00
2/23/2021 Wells Fargo & Company Boost Price Target $42.00 ➝ $65.00
2/23/2021 Barclays Boost Price Target $29.00 ➝ $34.00
So buckle up for a selloff?
If you are also interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
DGB $DGB DigiByte All eyes on the 14th of March for a breakout.Originally I saw an ascending triangle but after looking again I believe we have flag pattern here. Price movement has stabilized a little, trading in between .618 and .50 fib levels, I look for the movement to respect this bottom ascending flag line until it pushes up past the .50 fib, once price breaks past $0.06 at around or on the 14th of March I look for price to make a major run because of dense consolidation. What do you all think? I think we will run up to $0.11, retrace back to $0.08, and then up to $0.20.. after that point I hope we go into a small price discovery being as $0.14 is ATH on this coin, and we may be at the beginning of a massive bull run across the entire crypto market because of institutional adoption and major news. I am bullish on DigiByte, reward far outweighs risk IMO. DGB fundamentals are amazing. DGB is the longest OTXO blockchain in existence, even surpassing Bitcoin(BTC). DGB is also a great option for long term investors.
Discovery - Short Both technical analysis, analyst estimates and fundamental analysis suggest that Discovery could be a strong sell. Within my analysis, there are several price targets with the lowest target being quite optimistic.
DSY Changing MomentumIt looks like there is a change in direction on the cards for JSE:DSY . Although not confirmed yet, it is looking like it's only a matter of time before the MACD and the EMA's confirm the downward move along with the stochastic.
GRTBTC Breaking ATH! Price discovery phaseGRTBTC has just broke its ATH . If it bounces back off the ATH as support and concolidates, we should be set to see some explosion action.
What's Dot Doin?BINANCE:DOTUSDT - 1H
DOT is currently in price discovery. On the hourly chart a clear pattern of tall 1H candles, followed by choppy consolidation, then another tall green candle, is starting to form as it discovers a price to level off at. It's also been riding between the upper bband and EMA7 since Jan 12. At the time of writing, bbands are starting to contract above the yellow trendline, pointing towards a potential entry at $16.33.
I'd expect to see the price move back towards the trendline at somepoint in the near future, which a rebound of that would be incredibly bullish. Last test was at $11.71 and propelled to ATH at $19.4. If a retest were to happen at $15, a similar move would put it just under $22.
If the trendline were to fail, there isn't a ton of support given the coin's rapid rise over the past couple weeks. There is strong support at $7.10 should catastrophic circumstances arise though.
This is not investment advice, and trading cryptocurrency is high risk.
DSY - Bounce off strong resistanceJSE:DSY has revently bounced off of a strong resistance level that dates back all the way to 2015. If it continues down and breaks below the low formed on the 7th of Jan 2021, I will consider a short position based off of the downward momentum. The stochastic, MACD and the 2 EMA's are all showing signs of a downward move.
Discovery H&SA Head and Shoulders pattern has formed on JSE:DSY and we could be seeing a nice downward move all the way to the support level at the 10200 if level if it confirms a break through the neckline of the pattern.
DSY upward after H&S patternJSE:DSY seems to be on its way up after the down move of the Head & Shoulders pattern. It didnt quite reach the target, but instead found resistance on the 200 moving average. If it continues through the neckline upwards and uses it as support, I will go long.
Predictive Discovery: PDI.AXWatchlist
Price beginning to tighten up
If price can break the pattern, watch how price reacts to the 10c level
Price trading above all EMAs
Drop off in volume since the last push up
DISCA - Set-up for Another PlayDISCA - Setting up for another play. The last trade worked perfectly.
ENTRY = 20-22
1st target = 23.50
2nd target - 25
HODL Target = 27+
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
$JSEDSY once again battling at its 200dmaKeep an eye on this one- if history repeats, the 200dma which has acted as strong resistance on any snap-back rally should be a very decent level to enter a short position with a fairly tight stop loss.
DISCA - LONG Opportunity $25 Price TargetDISCA - Long Opportunity.
Information is in the chart.
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Discovery failed to break support levelJSE:DSY has failed to make lower lows on a support level formed in August last year. The Stochastic is confirming a possible change of trend as well, so I will consider entering a long position if confirmed with today's movement.
Discovery inc. Disca double top short positionDiscovery INC looking like it wants to come down, we have a double top on the weekly with bearish divergence on the monthly and the weekly.
The top is confirmed on the weekly so we have confirmed divergence on the monthly.
as shown i have the neckline which we are currently trading below.
I think 31 or 30,5 is a descent target on this. Also i think its imortant to have atleast a daily close below the neckline wich will likely get confirmed today.
Goodluck all!! :)
DSY possible shortIf confirmed, we can possibly be looking at a short move on JSE:DSY as it is at quite a strong resistance level, and might fail to break through it.
