Get started

Double

$SNAP - Gap Down Slam DunkSnapchat has probably peaked in terms of its popularity. Yes- a lot of us use the app. Including myself. But what do they really do that is hard to replicate? All of that aside, technical analysis says this stock is overpriced. Bearish double top. Massive gap down below that has already broken. I originally meant to share this last week. It has also lost both major moving averages at 100 and 200 day MA's. This should be a fun short to play right now. I have been in this play and expect it to move to around $27 or lower.
NYSE:SNAPShort
by jaykenneyTRT
ADAUSD Double Bottom Play for ReversalImportant things to note: I am going to start posting my main market overview in a BTC chart instead of cramming everything into an ADA chart. I will be posting alt charts throughout the week (this just makes sense structurally). BTC looks rather good from every angle (on chain, technically, and in the macro space). I bet in early Feb that BTC was going to 53k in March and here we are so that is what I am expecting. Not only is volume going up for BTC but alts in general. ADA has gotten beaten down for some time and nothing lasts forever. ADA has not seen a substantial increase in volume. ADA is sitting at last support before a drop to next support. A bullish scenario would be a retest of support (on going currently) and a reversal. This retest will tell us a lot about the market level of ADA. Hey everyone, I'm back! A lot of you have been wondering where I have been so let me update you. I have been spending my time in both crypto and tradfi, trading derivatives aggressively with friends primarily. The volatility has been high so February was the time to harvest some sweet premium. People that have reached out to me in the month that I wasn't updating knew I was still here watching the charts. I really didn't see much need to update anything other than saying buy everything you can, which I have been doing as you are all aware. I do not have much time so I am going to change things up a bit. I will be posting my main market overviews on a BTC chart from here on out because that just makes more sense. I will be posting my alt charts throughout the week including ADA. I have to admit though, getting a chart taken down for mentioning something I am trying to put together to help you guys really soured me when it comes to putting out charts on TV. Especially considering I put a lot of thought and effort into this with the limited time I have. Hope you understand. The market and ADA - BTC looks great on chain, technically, and has found its place in a harsh macro environment. This was proven by the fact that it held at a very important level. Supply is great and since the only thing we were lacking was demand, the fact that volume has been increasing is a good thing. I can also see the bid sizes looking very healthy. I had BTC pegged in early FEB for a double bottom reversal and a 53k target in March. We got the first part and now waiting on the run to 53k, flipping sentiment. ADA has had a rough go of things as of late. Every time it has found support, it has gotten beat down tremendously. It is currently sitting at the last support before a fall to 45 cents with a brief retest of 75 cents. This next retest of support is important. Mostly because it will determine if ADA can reverse course or fall to the next range (45 cents). Since I believe the BTC reversal is upon us, obviously I think this retest will end up in a double bottom, and a slow grind upwards until alt season hits. This will cause ADA to range primarily until the bit jump up, which will likely be just as fast as the last. A lot of the price action has to do with the fundamentals of a slow growing chain, fortunately or unfortunately depending on how you look at it. Thanks again everyone! So, tell me what you think! This is not financial advice. Do your own due diligence.
Long
by mysticalwalrus
6
💵EURGBP: Potential Long opportunity to 0.83130Hi Everyone! There is a potential long in play on the 1H timeframe for the EURGBP pair. We are currently keeping our eyes on the current candle to see what it does for confirmation of a valid setup. If the current closes below our zone the trade will be invalid. If the candle closes above the zone it increases the odds that we will move up to our target zone between 0.83130 - 0.83271. Lets be patient and see what the current candle does before entering the market. Happy Trading!
Long
by Wolfpack_Traders
5
HNTUSDT is going to test the 0.618 Fibonacci level The price created a double bottom on the daily timeframe on 20$ and got a rejection from the 0.618 Fibonacci level on 24.76$ on the 4H timeframe, the price is creating the higher high and higher low, and now the wants to confirm the previous resistance as new support on 24$. How to approach? We are monitoring the price action, and we are waiting for a bounce on the 0.618 Fibonacci level. If the price is going to confirm the flip and satisfy our rules, we could see a bounce until 26$. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
HLong
by InkyGrip
2
ALGOUSDT is testing the weekly supportALGO is inside a weekly descending channel, got rejections from 1,8$ area, it's strong area. As you can see the price had a breakout and retested this area as new support, but after the breakdown, the price retested the previous strong support as new resistance. The market created a double top on the daily timeframe. The price bounced on the weekly support and got a new rejection from the 0.382 Fibonacci retracements. We'd like to see a breakout from the descending channel and flip the current daily resistance into new support. In that area, we could apply our rules. Beware about the structure on the 1.8$ it's the weekly resistance ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. Follow the Shrimp 🦐
Long
by InkyGrip
4
EURUSD DESCENDING CHANNEL (SELL or BUY)The daily chart is where we get the overall perspective of where the market might be headed and can influence how the market behaves from other timeframes. now in this case we see EURUSD creating a descending channel right? yes, and we should be looking for sells because the market is still channeled in between right? However, my chat is that we should look at the little triangle created, what about it? The triangle is now telling us that price will either break above or below the triangle. Should that happen then we will be able to make an informed trading decision. If it breaks above, we will be surely buying this market. But be careful when this breaks below the triangle, because the market maker might just trap sellers. Why I say this, is because of the left leg directly under the triangle, so when the market breaks below, the market maker might just be looking to create a second leg that will complete the double bottom pattern. I have created a logical trading synopsis, it is fully your choice to read up. Unless you think this is utter gibberish!!!
by Tokoloho