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ALGN - H&S formation short from current price to 222.13 & 171.23ALGN still looks good as H&S Pattern. It seems declining forming its right shoulder. Money flow is declining. We think it has good downside potential. To trade this we would consider $230 July puts @ $13.50 * Trade Criteria * Date First Found- March 1, 2018 Pattern/Why- Possible H&S formation Entry Target Criteria- From current price Exit Target Criteria- 1st Target $222.13 and 2nd target $171.23 Stop Loss Criteria- $270.30 Indicator Notes- Twiggs money flow coming down sharp. Special Note- We would consider $230 July puts @ $13.50 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:ALGNShort
by AcornWealthCorp
Monero VS Bitcoin Downside RiskFollowing the previous idea on Monero VS Bitcoin , the price reached the upside target at 76.4% Fibonacci retracement level. Although XMR/BTC went higher than 0.03, it failed to show a clean break above the resistance and formed a double top at btc 0.032, accompanied with a bearish divergence on the RSI oscillator. Since the btc 0.032 high was reached, Monero has been moving slights downwards within the descending channel. On 17th of February, it rejected the upper trendline of the descending channel for the second time and once again formed a bearish divergence. This could result in the beginning of a corrective move down towards one of the Fibonacci support levels. The nearest support is at btc 0.026, that is 61.8% retracement. Break below could push price lower either towards btc 0.023 or 0.02 where the key support is based. On the upside, only break and close above the key resistance at btc 0.032 should confirm the bullish scenario sending Monero to a new all-time high against the Bitcoin.
Short
by CryptoPAMM
$AMZN - Amazon is "OUT OF RALLY TIME" using Time@Mode Amazon has rallied for 15 weeks into last week's close after accumulating at the mode back this past fall for 15 weeks. In other words: Amazon has "run out of time". Once Amazon blasted off on its previous earnings report back in October, it kicked off a 15 week rally which ran far beyond the rally that was implied by the previous move from $766 (where it lingered for 17 weeks in 2016 and had a 22 week rally out of that accumulation). A move from $766 to $980 was 29% and the implied rally from $980 was also 29%, but it ran up over 50% (see chart). Now that $AMZN has reached $1498, the PSR reached 4 times (an extreme reading) while the free cash flow yield has fallen to 1%, which means that the $7 billion in free cash flow is only 1% of the $700 billion in market cap for Amazon. Growth over the coming decade will help drive up that yield, but right now that is the return you would earn if you took Amazon private. Using the Time@Mode methodology, together with Key Earnings Levels stemming from quarterly earnings reports and raw and relative valuation analysis, we can see here that Amazon has "RUN OUT OF TIME" on a weekly basis for this rally and would only expect it to move sideways to down over the upcoming 15 week time frame as a new level of consolidation builds as the fundamentals "catch up". For now: It is opportunistic to sell short $AMZN with 5%-10% downside targets. Cover and re-short on 75% rebounds as many times as possible for the next 14 weeks. Tim 12:41PM EST February 7, 2018 $1439 last $AMZN
NASDAQ:AMZNShort
by timwest
19
Down Trend Continues - 6372 to 5307 Target*** Don't take my word for it, I'm just a rookie who studies a hella lot*** First post so a little bio: I've been following crypto for about 10 months now with only a small investment while I studied and learned more about the markets. I have dedicated several hours every day to learning various crypto projects, future outlooks, and of course, analysis. Successfully capitalized out of the ATH and threw my profits into mining as a compounding experiment. Already have broken even again despite markets being down. Now I'm starting to get confident in this bear market and looking to start reinvesting and building a portfolio for the next wave. With that out of the way I'll try to keep things brief: The downtrend is (by now obviously) going to continue longer. I started to buy a very small position around the ~8k to hedge against a upwards rebound off the 200SMA, but anticipating the support break through. No big deal, it'll be for alts later either way. Continuing down the trend I see the next major supports being around 6400 and 5300. Big, round, psychological numbers. Hopefully a good buy range. Keyword: "hope". If we get into that buy range, which I think we will very quickly, I will *consider* starting to buy in, if at the time I feel confident to do so. We'll see how volume and FUD goes in the mean time. If we happen to break through the bottom 5300 support shelf.. well.. hope you have an umbrella. "Because when it rains, it pours." Stay safe, gamble smart, and if you're in an unfortunate loss remember that a long term hodl is better than a short term panic dump. Have a good day everybody! - RECT
BITFINEX:BTCUSD
by RECTmetal
Status Network Token (SNT) Chart Analysis (Trending Downward)Status Network Token (SNT) Analysis - This coin is trending downward. The price reached a top on the perfect 9 count on the TD Sequential indicator. - You can see a triangle formation on the chart, which means that consolidation is happening and a breakout will happen soon after but, if you look at the indicators they are all overloaded or trending down. - This daily chart is telling me that SNT might need a break. If the support line is broken downward, it will might go down hard. - If it breaks up, it has to challenge the recent high and these are very hard to break looking at the indicators on the chart. - I would sell my SNT in peace and be looking for a new entry point after the support levels are re-tested. This is if you want to continue trading this coin. - If you are thinking long term in the range of many months then holding is really easy, as price swings are not important in a long hold. Notes: - Magenta line show resistance levels. - Black lines show support. Hope you enjoyed this analysis. These are short term signals. This analysis won't be valid a few days or weeks from now, as the charts will always be changing. Since this is mainly a daily chart signals analysis, the signals are updated every day when a new candle is formed. Please keep this in mind.
by AlanSantana
34