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VeChain - Looking Very StrongVeChain - Daily Chart Update: The Stochastic RSI is indicating that the %K (Blue Line) has popped back up from the oversold zone with the %D (Orange Line) still slightly in the oversold zone. The Stochastic RSI is indicating VET has plenty of room to move up before becoming overbought on this indicator. Note that the %K (Blue Line) is above the %D (Orange Line). The ADX DI SMA is indicting the trend strength is very strong with the ADX (Yellow Line) at 62.7 but slightly below its 10 Period SMA (White Line) which is at 64.1. We’ll see renewed upwards strength once the ADX crosses back over the 10 Period SMA. The +DI (Green Line) is at 21.02 still above its -DI (Red Line) which is at 5.2. VET is still above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen). The Conversion Line (Tenkan Sen) is indicating that the short-term momentum is sideways at the moment. The Ichimoku Cloud Lagging Span (Chokou Span) is indicating momentum is sideways with a slope upwards. VET is above its Bollinger Bands Middle Band Basis which is a 20 period SMA. VET has found support from its 0.618 Lower Dark Green Pitchfork Support Line. As you know VeChain is a two coin system with VET (Smart Money) and VTHO (Energy). VeChain has about 2 1/2 days left on the vote for reducing the Gas Fees with VTHO. At the moment it looks like they will reduce the base gas price by 1% of the current gas price. Reducing the gas fees is a good thing as it will increase purchasing power & encourage clients to use VET & VTHO. People are screaming “lowering the gas will make VTHO drop” This is wrong, lowering the VTHO Gas Fees will not effect the market price of VTHO. VTHO has dropped but not because of the vote, it’s dropped because of traders panic selling because they don’t realise that lowering the gas fees will encourage more clients and partnerships for VeChain thereby increasing utility. VeChain already has a real world, very strong client base that every other Crypto is now striving to achieve. I am still very bullish on VeChain and as i keep blabbering on about, i still believe VET is the most criminally undervalued crypto ever! Looking at some of the absolute crap crypto coins in the top 10, i have now doubt that both VET & VTHO will be in the top 10 in the very near future. I hope this is helpful. 👍
BINANCE:VETUSDLong
by TradingThroughTheLens
4
ADA Update = SidewaysADA UPDATE: If we look at the daily chart, you can see that ADA is still ranging sideways. Worthy of note is that ADA is still in the Bullish Zone of the Ichimoku Cloud indicator. ADA is still in a Bollinger Band Squeeze. ADA is also above its Bollinger Bands Middle Band Basis which is a period 20SMA. Note that the BB Middle Band is curving slightly upwards. RSI is indicating Moment is Sideways. ADX DI SMA is indicating the trend is still relatively strong with the ADX (Yellow Line) at 23.3 but below its 10 Period SMA (Black Line) which is at 25.2. We need the ADX to cross back over the 10 Period SMA for renewed upwards strength. The +DI (Green Line) is at 17.0 and above the -DI (Red Line) which is at 9.5 indicating positive momentum is still strong. ADA is above its Volume Point of Control (POC). We need to close this daily candle above the POC. Overall Volume is still very low. ADA is still finding support from its lower Yellow Pitchfork Support Line. ADA is Below its Ichimoku Cloud Conversion Line (Tenkan Sen). The Lagging Span (Chinkou Span) is starting to break upwards from the Price from 30 Periods ago indicating we may see renewed upwards momentum. The Ichimoku Cloud Conversion Line (Tenkan Sen) is confirming that the Short-term momentum is sideways. We need to eventually close a daily candle above the Conversion Line (Tenkan Sen). For those worried about this period of consolidation, don’t worry!. If you look at this daily chart, ADA has quite a bit of support below it, from its Ichimoku Cloud Base Line (Kijun Sen), Leading Span A & B (Senkou Span A & B) levels, It’s Pitchfork Support Lines as well as its 50EMA, 100EMA & 200EMA levels. Bollinger Bands Squeezes usually end with a massive breakout which can be in either direction. I still believe it will be another breakout to the upside as we have seen 3 times before because remember that ADA is still in a longterm uptrend for this timeframe and that won’t change unless ADA drops and closes daily+ candles into the Bearish Zone of the Ichimoku Clouds on the 1 Day, 2 Day, 3 Day, 12 Day charts ect ect which i seriously doubt we’ll see anytime soon. Hypothetically speaking, if ADA dropped to $0.8 on the 3 Day chart, it would still be considered a longterm uptrend but i seriously doubt we’ll see those levels again. The same thing will happen again once ADA breaks out to another new ATH, many people will buy at that new top, ADA will then range sideways again and people will start screaming “shit-coin” again. Consolidation is a good thing as it brings everything into equilibrium that enables a new higher launchpad to be built that will enable a new higher level to be reached. I hope you find my post informative & helpful with your trading or hodl-ing 🔥🚀🌍🌔🛸👽
BINANCE:ADAUSDLong
by TradingThroughTheLens
1
SJW is a long swing trade opportunity AND a buy-and-holdSJW Group offers at least 10% upside in the $62 range as of Friday March 26, 2021 and, thanks to steady dividend growth, would make a fine addition to your "buy and hold" portfolio. Weaknesses The commercial property SJW Land Company (subsidiary) owns in Tennessee are probably reeling due to COVID (no Annual Report available for 2020 yet) Same for Chester Realty (subsidiary) in Connecticut as vacancies and business trends change Overbilling "scandal" in 2017 for some San Jose-area residents They run a "boring" business primarily as a water utility conglomerate in California, Texas, Connecticut, and Maine so new media-based surges in price are unlikely Strengths Passes my "OK Boomer" test with a dividend that has been increasing consistently for 16 years (ignore incorrect Q42017 data on Nasdaq's website, an extra dividend was paid after a subsidiary was sold) Water utility subsidiaries are distributed on both coasts which limits natural disaster impacts Price negatively impacted like many other companies during mid-February sell-off All real estate details sourced from 2019 annual report. TipRank Only 3 Analysts covering SJW Group Median price target $73.50 Chart Price fell beneath the 200-Day SMA on February 25, 2021 as part of a larger sell-off trend 5-Day EMA crossed the 20-Day SMA up on March 24, 2021 and the closing price continues to ramp up RSI increased from 30 to 50 during last week's rally Summary Even using a conservative price target of $69 (below the median $73.50 TipRanks price target), SJW Group has about 10% upside based on the current price $62 range. As a "boomer" stock marching towards Dividend Aristocrat status in a "boring" industry, SJW could easily slide from your swing portfolio to your buy-and-hold portfolio.
SLong
by danwagnerco
BTC Update - Support and ResistanceA Quick BTC Update: Here is a BTC Daily Chart showing what BTC has above and below it as potential support and resistance. At the moment of typing this, BTC has bounced off its 50EMA and is fighting to get back above its 50% Fibonacci Retracement Level. It is ideal, but not crucial for BTC to close this daily candle above its 50% Fibonacci Retracement Level tonight. IT IS CRUCIAL however, that BTC closes this daily candle above its 50EMA which it looks like it will do. At the moment, BTC is below both its Bollinger Bands Middle Band Basis & its Ichimoku Cloud Conversion Line (Tenkan Sen). The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum is sideways at the moment. Despite the dip, BTC is still in the Bullish Zone of the Ichimoku Cloud for this timeframe. Once BTC closes this daily candle safely above the 50EMA, BTC then needs to eventually close a daily candle ABOVE both its Ichimoku Cloud Conversion Line (Tenkan Sen) and its Bollinger Bands Middle Band Basis before any attempt at a new ATH. I stress the case CLOSE because the price can wick high and low due to the volatility. Hypothetically speaking, if the 50EMA doesn't hold on the daily chart, then the Ichimoku Cloud Base Line (Kijun Sen) and Leading Span A (Senkou Span A) support levels become even more crucial then what the 50EMA was, because breaking down through those levels will take BTC into the Cloud (Kumo) Equilibrium Zone which we do not want to happen. I hope this is helpful & good luck 👍
BITSTAMP:BTCUSD
by TradingThroughTheLens
5
IMVT is a long swing trade opportunityImmunovant Inc offers at least 75% upside in the $16 range as of March 24, 2021. Weaknesses Stumble in most recent trial for treatment of autoimmune disorder Thyroid Eye Disease (Graves' Ophthalmopathy) General and administrative expenses nearly doubled from $6.10M to $10.50M from Q42019 to Q42020* Net loss of $79.30M for the 9 months ending December 21, 2020, which has nearly doubled compared to the same period in 2019* Obviously fails the "ok boomer" test (see above) and does not pay a dividend Strengths Thyroid Eye Disease affects approximately 16 out of every 100K women yearly in North America and Europe, meaning nearly 27K new cases per year in the US alone Research & Development spend increased by 4X from $5.00M to $21.10M in Q42019 to Q42020 as they expand manufacturing to support clinical trials* Price tumbled almost 45% when Credit Suisse downgraded their IMVT rating from "outperform" to "neutral" and cutting their price target down from $49 to $31 on February 2, 2021 Price hammering continued through the February sell-off to vastly undervalued <$20 range *All financials sourced from Immunovant's December 31, 2020 results published February 16, 2021. TipRank 10 Analysts covering Immunovant including the Credit Suisse Analyst who has further knocked the target price down to $28 Median price target is $38 Chart Price fell far beneath the 200-Day SMA on February 2, 2021 as part of the paused trial 5-Day EMA crossed the 20-Day SMA up on March 15, 2021 and has found support in the $15-$16 range RSI trending <40 since the cross described above Summary Even using the Credit Suisse target of $28, Immunovant Inc has 75% upside based on the current price in the $15-$16 range (and the median $38 price target offers even more potential). IMVT is a swing buy opportunity with conservative initial price target of $28.
NASDAQ:IMVTLong
by danwagnerco
1
Ethereum / BitcoinHello! Here we can see ETH/BTC. Orange trending line shows the price suppression trend and Red Circles how many times we have tested it. (More times tested = more likely price will break) We did already break it on 6th try on RSI and price action so the trend has already "basically" been broken. We did come to 0,033 - 0,034 support levels which I did say is a possibility in the last analysis. (Last analysis) If you check the volume yourself on 1hr you can see there came a spike of buyers. (oh well I'll add it ;) Here we have quite strong supports for my eye. - If you look left we have strong structual support levels here - Weekly 20 EMA is 0,034 - Daily RSI support and 200 EMA (0,0323. I'll add picture) Risk I see here is Bitcoin Dominance breaking or Btc starting to drop hard. In trading you have to be flexible so just in case we drop more I marked even stronger structual support 0,032 I'll make analysis about Btc Dominance as soon as I have time ..If you like my shit give a like.. If you do take trades and are not holding for long-term use stop loss. Otherwise you will get your ass burned! Jebu
Long
by PalenTrade
Bitcoin possible long opportunityHello! Here we have a nice looking (1 hour) Bitcoin pattern rising wedge which is actually a bearish pattern, but on a bull trends these can break upwards like we have seen with Btc and Eth before. I am looking for a small bear move before going upwards and breaking that upper resistance where we have hit several times and even made new highs today. Or if we break, Break and retest price action. First support is the upwards going line which has worked as a support. (Red circles) Second one is stronger where we have 0.236 Fibo , 200 EMA , and previous structure (Green arrows) as a support. There is also 50 EMA on the same level on a 4 hour timeframe. Last one is 50% Fibo where is also previous structure highs. If we go that deep. Bitcoin Dominance did also find some king of support, which we pedicted. (Bitcoin Dominance analysis) I suggest slowly start to plan your exits and when you will take possible profits. Thou I do think 100k to 150k Btc is possible. Fortiori If you do take trades and are not holding for long term use stop loss. Otherwise you will get your ass burned! Jebu
Long
by PalenTrade
VET - Lets have a look at the 3 dayI saw an earlier chart post that stated VeChain my dip. So let’s do my own take on it & look at the 3 Day Chart…….. because i quite like the look of it. VET is still well within the Bullish Zone of the Ichimoku cloud. It is still above its The Conversion Line (Tenkan Sen), Base Line (Kijun Sen), 50EMA, 100EMA and 200EMA levels. The RSI is showing that momentum is downwards at the moment & the ADX DI SMA is showing that VET is still in a longterm uptrend because the ADX (Yellow Line) is at 44.4, the +DI (Green Line) is at 17.9 above the -DI (Red Line) which is at 7.6, but note that the ADX is slightly under its 10 Period SMA (White Line) which is at 42.8. The Ichimoku Cloud Conversion Line (Tenkan Sen) & Base Line (Kijun Sen) are both moving parallel sideways indicating we may be seeing some consolidation. Around the same level as the Conversion Line (Tenkan Sen) is also where the Bollinger Band Middle Band Basis, so that is an area to keep an eye on as you would always want the 3 day candle to close above that Middle Band Basis. VET has bounced off the Pitchfork Median Line twice in a row this timeframe, indicting strong support at that level. At the moment of typing this, VET is under its Ichimoku Cloud on the 1hr, but still above it on the 2hr so its best practice to keep an eye on the other timeframes to check that there is not a cascading downwards effect happening on the timeframes. If VET does break down through its Pitchfork Median Line then it may find strong support from its Conversion Line (Tenkan Sen) because it has bounced off that level twice previously. If VET does drop further, then the most i think it would drop is a Wick down towards the 50EMA on the 3 day but it wouldn't stay there. If you follow the ways of the Ichimoku Cloud like i do, you can see that the Lagging Span (Chikou Span) on the 3 day is still well above the Previous Price from 30 Periods ago. VET is also quite a distance away from its Hagopian Line so there is no fear of VET crossing that any time soon. I still believe that VET is completely undervalued & is a sleeping giant that once woken will melt faces & any dip should be used as a chance to accumulate more at a cheaper price. From my point of view, unless VET closes below its Pitchfork Median Line on the 1,2 & 3 day charts, then i’m still longterm bullish. I hope this is helpful.
BINANCE:VETUSDLong
by TradingThroughTheLens
6
ADA - Well... You said you wanted to it buy lowerAt the moment of typing this, if we look at the ADA 1hr chart, ADA has corrected back a bit & has found support at its Ichimoku Cloud Base Line (Kijun Sen), slightly under that level is its 50EMA. ADA has wicked below the 50EMA twice over the last 6hrs but we have closed above it indicating this is our key level of support for this timeframe. The RSI is at 48 and indicating sideways momentum. The ADX DI SMA is showing that the trend has slowed because the ADX (Yellow Line) is at 28.3 but has cross back under its 10 Period SMA (white Line) which is at 46.2. The +DI (Green Line) is at 16.6 and the -DI (Red Line) is at 17.1 indicating we could easily see the +DI reverse & cross back over the -DI. On the 1hr chart, ADA has two Hagopian Lines which ADA needs to stay above for a continued uptrend. I haven’t added it onto this chart because it would’ve been too messy but near where the Conversion Line (Tenkan Sen) is, that is also where our Bollinger Bands Middle Band is located, so our first port of call is to close a candle above the Conversion Line (Tenkan Sen) and turn that into support. So long as ADA stays above its 50EMA and doesn't close below either of the 2 Hagopian Lines on the 1hr chart, all will be well. We shouldn’t panic when there is a dip. A correction back should be expected after such a large rise over the last couple of days. All those people who were crying yesterday saying “i wanna buy it lower” well….. nows your chance. I hope this is helpful.
BINANCE:ADAUSDLong
by TradingThroughTheLens
5