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Equilibrium

Botanix Bullish Channel to Continue?Botanix Pharmaceuticals Ltd (ASX:BOT) is a clinical stage cannabinoid therapeutics company. The company focus is the development of safe and effective topical treatments for serious skin conditions. It has an exclusive license to use a proprietary drug delivery system - Permetrex for direct skin delivery of active pharmaceuticals in all skin diseases. The company's product pipeline includes BTX1503 - Moderate to Severe Acne, BTX1308 - Plaque Psoriasis, BTX1204 - Atopic Dermatitis, and BTX 1701 - Mild Acne. Since posting my last idea on the 16th JAN, I thought since we are at another critical level to revisit the Idea and look at 3 posible forecasts. 1. Bullish - Respect Upward Channel - MACD weak and anticipating Bullish Cross - RSI Trending Bullish towards the 50.00 Level - TB Fib Extension level 1.618 aligning with upper band of Channel NOTE: price will need to see some Strong Volume and Bullish movement to break through the Ichimoku Cloud internal of the channel (could we be so lucky to receive an announcement worthy?) 2. Bullish off Daily Support (EQ) - If price is to break Uptrend Channel then a fall to Daily Equilibrium (Support) is likely. RSI is still below the Bullish 50.00 and MACD yet to cross Bullish. Price would also have to break through the Bearish ichimoku cloud that is identified. I think that lack of news and investment frustration could see price fall before a potential Double/Triple Bottom. 3. Bearish - Break of Upward Channel - Break of Daily Support - TB Fib Extension Targets aligning with key levels of Support - RSI would break uptrend - MACD would spread and continue Bearish NOTE: If price manages to fall below Daily Support then I would expect opportunistic buying at former levels of support before reversal. The "boys" holding this down are getting weaker and starting to sweat IMO GLTAH Disclosure: Held, Sentiment: Buy "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:BOTLong
by Trader_Johnni
1
ABNB Over Priced?AIRBNB INC (ABNB:NASDAQ) Soared upon open last Thursday and doubled in price, but the smaller time frames aren't looking so optimistic. Granted if you obtained a position during the IPO you are sitting on a healthy investment currently. Im looking at price respecting this Pitchfork currently and we have had a bearish close at the end of last week's trading session. IMO I think it needs to break the 141.58 level which is currently acting as a short term Equilibrium to view this Bullish until we gain some Higher timeframe data. With a strong break through the Support level @ 141 and then a failed retest I believe this may continue to respect the Pitchfork boundaries and test the .5 Fib level and even the Previous Low @ 135.45 Using the Visible Range tool we can see that there is a battle @ 141 level and im considering that as a short term Supply Level. Definitely a company to follow on the Nasdaq. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
NASDAQ:ABNBShort
by Trader_Johnni
1
GOLD Cycle Repeating?XAUUSD Gold Spot: Purely Technicals 04/06/11-08/07/13 BAR Pattern. I've pulled this from the previous top back in 2011. The resemblance is uncanny and the BAR Pattern fits perfectly within the Current Pitchfork levels. Bearish Notes: - Ichimoku Bearish - 10/20 Moving Averages Bearish - Pitchfork Respected (Bearish) - RSI Trending Bearish - Current Market Structure Bearish - Fractal Descending Triangle forming (Bearish) Bullish Notes: - Potential Double Bottom off Daily Support Few ways you could play the trade, whatever your sentiment and risk appetite. - Entry now - Wait for Support Break/Hold - Wait for Retest Reaction "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
OANDA:XAUUSD
by Trader_Johnni
3
Bitcoin in a Short Term Equilibrium Pattern-waiting for a breakAfter a recent big move up, it looks like we may continue in an equilibrium pattern for the short term. Waiting for a break of the equilibrium pattern to determine direction. We will want to see volume come in to confirm the break of this pattern. With all of the positive news including Grayscale's recent purchase of $300 Million, I expect we will continue to hear institutions and other companies increasing their asset exposure to bitcoin. Paypal's news about being able to Buy/Sell/Hold several cryptocurrencies (including Bitcoin, Ethereum, Litecoin and BCash) will continue this trend that brings Bitcoin exposure to the masses. As for resistances, we will need to break 12,250 and the next major resistance before All Time Highs is $13,868.
COINBASE:BTCUSDLong
by zwickster
1
PAN Cup and HandlePanoramic Resources Limited (ASX:PAN) is a base metal mining and exploration company headquartered in Perth, Western Australia with a 20 year history of mining and expertise in nickel, copper and cobalt sulphide projects. Is PAN ready for a Cup and Handle Breakout? Technical Analysis as below. Bullish: Cup an Handle Formation Bullish Market Structure Trending above the 20MA RSI trending above the 50 level Cup & Handle target aligning with other targets TB Fib Extension Final Target aligning with other targets Fib Retracement .382 aligning with other targets TB Fib Extension Target 1 looking achievable on the break Bearish: 2 levels of support are indicated if we fail completion and reject off resistance. Exciting future for all Nickel mining operations as global demand will increase due to its uses such as Batteries and other Electrical Apparatus. Watchlist worthy. Disclosure: Held. Sentiment: Bullish. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
PLong
by Trader_Johnni
1
ARCHER TO RALLY?ASX:AXE Archer Materials Limited is a materials technology company developing materials in quantum computing, biotechnology, and lithium-ion batteries, and exploring for minerals in Australia. The Company has strong intellectual property, broad-scope mineral tenements, world-class in-house expertise, a unique materials inventory, and access to over $300 million of technology development infrastructure. After a great announcement this morning titled "Chip build fast-tracked with qubit modelling" in which advancements have been made in their quest to build quantum technology that will be integrated eventually into existing electronic platforms, some would say that having a signed partnership with IBM is also very advantageous. We have seen a bullish move within the Daily Ascending Triangle but due to the markets unpredictability we play Bull and Bear and here are the scenarios below. Bullish: Daily Ascending Triangle continuing to be respected Re claimed the 20MA Bullish Rejection out of the Ichimoku Cloud MACD anticipated bullish cross Stochastic approaching the 50 with anticipated cross Bullish break inside Ascending Triangle hunting 25% Internal Target 1 if respected. IF Ascending Triangle Completes and Major news is released, Fractal Targets 1&2 are as displayed. Keep in mind Major Resistance needs to be broken and I'd wait for confirmation of direction around the Internal Target 1 zone. Bearish: Fail Ascending Triangle would see us test previous Equilibrium then potentially Previous Support Stochastic would fail the 50 and reverse MACD would turn Bearish and spread Break the Ichimoku Cloud similar to July break Forming Large Scale Bullflag identified by Green Rotated Rectangle needing another touch which would GAP Fill 08/05-11/05 Definitely a company to add to your watchlist. IMO DYOR DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
ASX:AXELong
by Trader_Johnni
1
GOLD NEW ATH OR BACK TO TREND?Gold having recently fallen 11% from its all time high (US$2075) back in August is interesting. Usually used as a Hedge during times of high volatility in the markets, gold is taking what looks to be a serious retrace after 2 years of mostly uninterrupted growth. What's interesting is that the markets across the world have become inherently more unstable due to local government restrictions and the economic fallout of Covid19. The real unknown is where to from now. The US will hit approx $3.3 trillion annual debt deficit ending September 2020 which is the largest ever recorded, and spending has no end in site. Will the US continue to dig themselves into a hole and what will this mean for the price of gold? Above are some bar patterns taken from 2010-2015. Scenario A (ORANGE): Shows increasing growth after a mild retrace after 700 days as depicted between OCT 2008- NOV 2010. Again retesting US$2075 & consolidating against Uptrend Channel Resistance, before breaking through to reach new ATHs Considering we have only seen an 81.6% rise in price over the last 2 years compared to the run of 2008-2011 (180%), it is fair to say we still have more left in the tank to test ATH territory? Especially with the 2020 US Presidential Election looming. Scenario B (BLUE): Shows support being found around a potential Equilibrium at US$1770, which also happens to be a key Fib Retracement level 0.5 (Extension form 16/03/2020 to ATH) and bouncing. Followed by a drop after the Presidential Election Results causing a range to be form between $1700-1900. Eventually breaking resistance and the Ichimoku Cloud to fall back to previous support & the long term uptrend trendline. All Hypothetical & Spec but interested to see everyones long term targets and explanations. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTA. Happy Hunting!!! *Prices will differ depending on charts used
OANDA:XAUUSD
by Trader_Johnni
1
THETAUSDT Descending Broadening Wedge| 200 MA| .618 Fibonacci|PAEvening Traders, Today’s analysis – THETAUSDT – trading in a descending broadening wedge, confirmation on a break of dynamic resistance, Points to consider, - Trend bullish (consecutive higher lows) - Support confluence o 200 MA o Local S/R o .618 Fibonacci - Dynamic Resistance - Oscillator Equilibrium - Declining Volume THETAUSDT’s immediate trend is bullish; the market structure is constructing consecutive higher highs and higher lows with ATH in target. This allows us to have a bullish bias on the market. The immediate support has multiple technical confluences, the .618 Fibonacci, 200MA and local S/R. Price has a greater probability of respecting this area upon first test as this is a true trade location, The Dynamic resistance is a key level to break as this will confirm a descending broadening wedge pattern. These are inherently bullish. The volume profile is currently below average thus an influx is likely. It is important to monitor for increasing volume as this typical indicated price expansion. Overall, in my opinion, THEATAUSDT is a valid long with defined risk, price action is to be used upon discretion/ managemrnt of trade. Hope this analysis helps. Thank you for following my work! And remember, “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”
Long
by The_Alchemist_Trader_
4
BOT Ready to GAP(ASX:BOT) Botanix Pharmaceuticals Limited is a clinical stage synthetic cannabinoid company based in Perth (Australia) and Philadelphia (USA) committed to the development of pharmaceutical products that are underpinned by science and supported by well-controlled randomised clinical trials. Technicals: Shaping up to GAP - Ascending Triangle Pattern - 10/20 MA Golden Cross - RSI Bullish + Above the 50 - MACD Bullish and Spread - Fractal Target 1 lining up with Previou EQ and 0.236 Fib Retracement @ 0.081 - Fractal Target 2 close to another Resistance level @ 0.095 - GAPs Present @ 0.14 - 0.234, 0.027 - 0.029, 0.034 - 0.037 - "Golden Pocket" 0.5-.618 Fib Retracement sitting within 0.14 - 0.234 GAP - Stop loose @ 0.042 Fundamentals: Undervalued, Debt Free, +$20 Million Cash - Multiple Phase 2 Clinical Trials underway with FDA Meetings successful for there Cannabinoid Products. - Antimicrobial Study Phase 2 to be completed 4th Quarter 2020 - World Class Board of Directors & Advisors with Key Experience in Management, Research & Development, FDA Approvals, Pharmaceuticals, Therapeuticals - Debt Free with $24.6 Million in Cash and Investments - Total Liabilities of $1.37 Million covered by $24.7 Million in Assets Technically and Fundamentally this is shaping up to be a great Trade & Long term Investment. My only Concern is how the effects of COVD19 will weigh on the Therapeutic/ Pharmaceutical Industry. Definitely a Sector and Company to keep watch of. Setups/Strategies should be based on Individual Trade/ Risk Management Plan These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:BOTLong
by Trader_Johnni
7
CLQ 100% PLAY(ASX:CLQ) Clean TeQ is a leader in metals recovery and industrial water treatment through our proprietary Clean-iX® continuous ion exchange technology. "Our vision is to help reduce the world’s environmental burden using our proprietary technologies and to become a leading supplier of clean energy solutions. We are committed to finding better ways to solve planet earth’s most pressing environmental problems." "BUY THE BOTTOM, SELL THE TOP" Could this be the 100% run? - Double Bottom off Daily Support - Daily Bullish Divergence in play - MACD Cross and starting to spread - Long term downtrend about to be tested - Gap to be filled between $.16-.175 - EMA 10/20 starting to turn - Targets set for Equilibriums - Risk/Reward sitting at 4:1 Once again major shifts are underway in multiple sectors. I truly believe Renewable Companies will call 'trump''s soon and begin to lay down their hand. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
CLong
by Trader_Johnni
3
Z1P $7 LIKELY...(ASX:Z1P) Zip Co Limited offers point-of-sale credit and payment solutions to customers and providing a variety of integrated Retail Finance solutions to merchants across numerous industries, both online and in-store. x2 Scenarios 1 Long, 1 Short 1.) Bull Flag/Broken Descending Channel Aim for $6.80 - Broken Descending Channel - Bounce off .382 Fib Retracement - MACD Cross & Spread 4HR - RSI Neutral (Trending Up) - Bullish Market Structure Created - Long Term Uptrend respected - 2.7:1 Risk Reward 2.) 'Potential Descending Triangle', Break Support, Fill the GAP - Head & Shoulders Completes creating change in Market Structure (LINE Bar Style) - OPEN GAP between $3.75 - $4.75 - Looking for a bounce once OPEN GAP fills I am interested to see what happens to Price once EOFY Reports start to surface. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:ZIPLong
by Trader_Johnni
2
PARADIGM - 160% PROFIT TO CONTINUEPay close attention to PARADIGM (PAR). 3 Potential Moves 1. We bounce off the .382 Fib level and return to test the 2.80 mark which we saw on 11/05/20 -Being the end of the trading week I suspect the latter. 2. We break the .382 Fib level and Uptrend and head for the 'Golden Pocket' -Bounce off strong support at 2.00 mark -MACD is starting to squeeze but if we find momentum next week we could start to spread again. -PAR loves the .5 Fibonacci Retracement level. (Short term fact) -We hit the deeper uptrend and continue back up towards the 2.80 mark to test a strong EQ Resistance Level. Very Possible -It regains buyer momentum in the 'Golden Pocket' between the .5-.618 Fib Level. Very Possible -Positive news released early next week bring strong buying sentiment back into the market and create an Higher Low ready for the next leg up. 3. We BREAK both uptrend trendlines creating NEW Bearish Market Structure and head for the next Major Support @ 1.48 Another company im keeping a close eye on. PARADIGM BIOPHARMACEUTICALS LTD is a late stage drug development company with their aim to treat musculoskeletal disorders in humans with degenerative disease driven by injury, viral infection, aging or genetic predisposition. They have a cash balance sheet of $108 Million (06/04/20), FDA Approval, IP Protection & Patents, Agreements that stand for 20 years regarding manufacturing, Fully funded until 2022. EYES ON!!! These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:PAR
by Trader_Johnni
3