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SOL TARGET "SUPPORT" LEVELS...What's a reasonable point to start accumulating SOL? .... I'm asking because really I have no idea. First of all, I think it's way too early to be accumulating anything other than BTC and ETH. I feel like SOL has one of the stronger communities, lots of Devs building on it, etc, but the damn chain keeps going down... that's not supposed to happen in a bear market when there's barely any volume compared to bull times. Could just be "growing pains" yada yada... I get it. But still, with more bad news than good, in these conditions, it's hard for me to feel bullish about it. Or maybe I'm falling for the FUD, I don't know. Since I have zero alpha on SOL, I'll just use technicals: I feel like $22 is the last line of defense with strong previous support. If we lose that, I'll be looking at $12. I'm not sure how strong that support really is, but since I know some traders will be eagerly awaiting sub $10 entries, the market may frontrun and disappoint them. If we lose $10, we're in mega bear territory. I dread to think what the rest of the market will look like, but in that scenario, I think $4 would be a reasonable level to enter and will probably pay off big time within a couple years. What do you think?
by cryptodonovan
Aggressive buys on EURUSD Yesterday we saw price reacting to 1,0678 which could be the bottom on the H1 trend. This is also a chance to enter aggressively right now with stops below 1,0678. It's considered aggressive only because price could reach the stop loss and this won't mean the trend has reversed, therefore price can then continue in the same direction. However, we're looking for a good risk to reward ratio with low risk. The targets will be at least 1,0860 and once the move begins we will be able to find out the specific levels as well. If you are more conservative trader, we recommend to skip this one and focus on something else to trade!
Long
by ForexTrendline
15
Tue Apr 26, 2022 - This Week's Hotness!Traders, Unfortunately, this week, my video failed to upload to TradingView. However, it is against house rules for me to suggest where you might be able to find the video, so I won't do that here either. 😉 And on TV, I can't simply upload the one I had already made because it takes a live stream and converts it. So, on this one I am stuck posting without the video attached (here at least 😉). The video explains why I think all of the following coins should remain on "This Week's Hotness" list. ---- Despite our pullback in the markets, there are still some good trade setups to be found. Here are the coins that I have on “This Week’s Hotness” list: LCX, CULT, SNX, CHZ, SKL, AAVE, EOS, Comp, FOX, Luna (wluna), AMP, DNT, ACH, ASM, Coval, IOTX. As always, the standard warnings apply. Always keep your eyes on the big dawg, BTC. Never risk more than you can afford to lose. Don’t bet it all on one trade. Diversify your portfolio. Be disciplined about your entry/exit points. Set stop losses. Etc. Best of luck to you all! - Stew ⛓️ 🔗 Useful Links 🔗 ⛓️ (see below - especially my signature 😉 )
COINBASE:IOTXUSDLong
by stewdamus
How To : Chart Formations Critical Second Top & Bottom Entry Hi Traders and Investors This video is a follow up from my previous posting dealing with shifts of momentum. This time we are looking to add an additional synergy - the second touch in a chart formation - which can be found in Double Tops, Double Bottoms and head shoulder formations. Correctly using the second touch on the chart formations has allowed me to avoid many mistakes in my evaluating my trades and I hope that it will help you in evaluating your trades. When you look at the Double Top and Double Bottom chart formations, you will notice that high frequency trading and algorithms trading will often create the formation of a second top to the same level as the first top or slightly higher by taking stops pilling at the first top . At this point, you want to wait for the synergies to come into play and use your tools to look for a shift in momentum on the 2nd top touch see video. Waiting for the shift in momentum to occurs after the second touch, is a critical piece of of information that will prevent you from taking trades that are likely to be stopped out on the first test. Hope it helps have a great week end Marc
CME_MINI:ES1!Education
by PowerIndicators
9
EURNZD Sell Entry TypeThe price structure remains bearish, and respect the LH of the Points of Interest (POI), so we will follow the downtrend in looking for sales until you reach a possible weekly reversal zone (1W). As we see before the (Break of Structure) , the price accumulates in a 4-5 day range and breaks downward structure and creates a liquidity zone which will be broken by the (Market Makers) . As always, when I see the liquidity zones, I look for Order Blocks positioned above the zone of liquidity, and take less risk of hitting my Stop Loss (SL) .
Short
by BRWGTRADING
LOW (Lowes) - Support Bounce & Bullish Momentum Setup - 4 HourLOW (Lowes) stock price has double-bottomed above $200 trendline & horizontal support. Entry: $204.12 Profit Target +6% (exit): $216.43 Stop Loss -3% (exit): $197.92 Utilize stop loss, profit targets, position sizing, and risk management. Note: Many stocks and ETFs have already rallied up for the past two weeks, which makes this stock a potential laggard play. If the S&P500 stock index pulls back down for technical or fundamental reasons, LOW (Lowes) stock may pull back down as well overriding this technical chart setup. All content is Not financial advice. Educational example only. Trade at your own risk.
NYSE:LOWLong
by NoFomoCharts
1
Confluence of supportsIn the 30m chart, price is in a contracting triangle. Momentarily fell to a support and came back up. In the daily, price has broken from a channel and in the weekly, entering into another channel. I expect continuation to male a (d) wave in a contracting triangle of a Wave 4 on the weekly. The d-leg of a Wave 4 is counter trend and make an ABC form. Price is breaking a resistance at the weekly, confirmed by MACD. A pull back is expected in an ABC, if not now then at $53000 which will be supported by the current resistance. The current support is at $44000. R/R = 1.71 2% risk of a $30000 is 0.196 Bitcoin The confirmation to enter comes from the hourly. in 1-hr chart there is pin bar. Robinhood does not let me! My account sum has jumped up, it shows only $25'000.00 available to invest, and it dies not let me use it with an error! Daily: Weekly: Ok. Let's wait for the pullback!
BITSTAMP:BTCUSD
by RK108
AUDNZD Building the trade idea.Hey Traders, Today I wanted to run through Australian dollar and New Zealand dollar trade idea. My whole thought process and how it's currently planning out. Then, what opportunity I can see forming to potentially give us around a 70 Pip profit trade, if not further, heading up for the 200 pip mark. Keep an eye on it and let me know what you think. First thing we noticed when building this trade idea was the trendline break, which we can see happened with a fair bit of force on AUDNZD as we broke that at number one on the chart, you can see we push through quite strong, which indicates we may have a turn in trend or at least a push back up to the local supply in which created the downtrend in the first place. Part 2 we were looking for confirmation that we did have the bullish power that managed to break that trend and be able to continue and turn the price action, which is what we witnessed when we had that local break of structure on the four hour at number 2 on the chart. As you can see, it was very near the tops of the move that created the breakthrough the trendline, however, it was strong enough to push through, regroup a little there in that area of supply and then push higher, setting a higher high for the first time in fair few days. Part 3 we are looking to identify some new demand where the price has come back, sit for a little bit and then gave us an indication that that is where we're going to start pushing from, a fair price where buyers come into the market. You can see at #3 this is where we dipped in, although we broke a lower low technically on the chart there, I was looking and expecting a bigger pull back than what we saw at #2 solely because of the gratitude of the move of #1. As we pulled back, regrouped and then went higher, we can see that we have formed a nice demand area there which could be a great turning point for the price in the future. Part 4 is arguably the most important one because it verifies the new localized demand area, which was just formed, and that's breaking a higher high set by Part 2. Once we broke the structure. As you can see, it's happened quite recently. It's indicating that there is enough demand and orders in that area to be able to push prices higher now and potentially into the future. Now as the trading plan is coming together and we've seen many areas of price action which we want to see, there's still a little bit more that we need to observe. First thing is we want to see a pull back into the area of demand. We want a nice steady downtrend pull back on the lower time frames into our demand area, so we can start looking for entry triggers and confirmations that we can head higher. Part 6 is still a while away yet, we need part 5 to confirm everything so we can build a plan. But if we do get to part 6, it's going to start looking for an entry signal with a break of trend, very similar to what we're looking at right now on a lower time frame. I will keep you up to date to see if this price can come back down and give us what we want to see. I hope you enjoyed this analysis. If you trade like this or you have any questions about it, please comment below or if you just like the whole run through like the idea, it helps a lot with future content. Good luck traders.
Long
by the5erstrading
6
SPY 422 PT - MARCH 8TH SPY should hit 422 on or by March 8th. Indicators show that Bullish momentum is growing weaker, while the On Balance Volume shows struggle in SPY going any higher. With surging oil prices, and an escalating War in Europe, I think SPY will have a harder and harder time breaking through it's resistances. We also have the FEDs rate hike in March, and with new talks of the U.S and Europe closing gas lines from Russia, it is very possible we see an even higher surge in inflation, causing the FED to react faster than investors have priced in. I will be looking for put opportunities on NVDA and SPY.
AMEX:SPYShort
by SJ_CAP
6