Title : NQ1! H4 | Bullish ContinuationTitle : NQ1! H4 | Bullish Continuation
Type: Bullish continuation
Resistance: 14612.50
Pivot : 14144.75
Support: 13851.50
Preferred Case: Price is near pivot level of 14144.75 in line with 38.2% Fibonacci retracement . Price can potentially continue its uptrend to 1st resistance level of 14612.50 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci projection . Our bullish bias is supported by the stochastic indicator as it shows a divergence
Alternative scenario: Price dip to 1st support level of 13851.50 in line with 78.6% Fibonacci projection and 127.2% Fibonacci retracement
Fundamentals : With impending rate hikes and Russo-Ukraine escalation, you can expect the Tech heavy NASDAQ to continue dipping. Investors continue to flock to safe haven assets leading to a downtrend continuation for NQ1! . As TA and FA do not align, we urge investors to stay on the sidelines.
Finance
S&P 500 Daily Chart Analysis For February 18, 2022 Technical Analysis and Outlook
After hitting our Critical Mean Res 4590 as specified on January 31, 2022, the index continued the trend downwards by touching Mean Sup 4325. The current trend is eyeing the retest of the Key Sup 4295 and targetting Inner Index Dip 4210. The Outer Index Dip 4000 is on the horizon, whereas some bullish moves are also possible within the downtrend - Stray tuned.
PayPal (PYPL) | Possible Short-term Rejection AreaHi,
Why short-term? Yes, after you have made your analysis, you can start loading your long-term positions also from the shown area but to me, it looks like it stays there for a while. Despite that, possibly we can catch the first movements upwards.
Atm my scenario would be: bounce from the shown area to around +20 to +50% then back to around $100. For me, it isn't very logical that if we get a bounce then it would be the bottom. After such a huge slump the price needs to rest a bit but still, I would like to share this area for short-term investors.
Do your own analysis and invest cautiously!
Regards,
Vaido
MORE BEAR RUN FOR $GRTHello friends,
GRTUSDTP
As at the time of writing, $GRT is currently trading at 0.4295 support level and at 85.53% below its ATH. The last price action period was 15th October to 20th November with the bears gaining momentum and pushing the price further downward creating local lows. apparently, this protocol is very close to touching its ATL at the Fib level of 1.
However, a possible Elliot's Wave pattern formation is in play with the first, second and 3rd wave almost completed if price should fall below the support its currently trading. If that happens, then support becomes resistance and we are to see price form another local high signalling the end of Wave 4 before falling below current Fib.
The direction only encourages short trades DCA to bag more....(I think).
Trade carefully as this might not be a Financial Advise due to the volatility of the crypto space.
Thank you for reading, please your comments below as i would love love to hear your views
S&P500 | Price Action Analysis!Hi,
Quite "interesting" times ahead, yes? Over a long period of time, I would like to paint a technical picture of the S&P 500, let's analyze it a bit. Lately, the price has printed some bearish signs and possibly it's not over yet but it depends on some breakouts.
Let's start from the beginning. The first bearish sign came in after the 20th January Daily candle close. After that, the long-lasting higher highs and higher lows got broken. Later the fall continued, plus the price pushed it below EMA200 - also haven't seen it since the end of May 2020.
So, technically we got that "alert" at end of January but let's look further. After the price of SPY traded some days below EMA200 it got a bullish volume from the previously worked support level but the volume wasn't strong enough to push it above the strong area around 4550. Another sign that bulls are weak - lower high was printed around 4550. Basically the current price of S&P trades between the two strong areas: resistance ~4550, support ~4300. S, if anybody searching for breakout possibilities then these levels should be on your watchlist.
The price is approaching a lower price level and the overall short-term tendency is bearish so let's observe a support area around 4300 and what will happen if the Daily candle gets a close below 4.3k.
A Daily candle close below the prementioned price level will activate a bearish shart pattern called Head & Shoulders. In general, I'm not the biggest fan of chart patterns but if I do analysis then I use them to get a bit more information from the market. So, it will trigger the bearish chart pattern (candle close below the H&S neckline), it will print a new lower low and the strong area has been broken.
Considering H&S target (Target = from Head to the neckline, copy/paste, neckline to target - shown with white dotted lines), considering channel projection, considering the waves of AB=CD then it should be land around 4000. Inside the marked landing zone is also the 20% slump from the AHT. "Officially" the SP500 price is on the bearish market after it has seen at least 20% correction. Considering correction at the end of 2018, then it will also act as a support - bounced back up after a 20% drop from the top.
SUMMARY: We have seen some bearish signs, a Daily candle below 4,3k will bring it more so be patient and if you want to enter in some certain stocks then do it partially. Do not put all-in in one price level because, as said previously, the times are interesting. If the price reaches around my shown landing zone then it would be great to start building your positions from there but still, be cautious!
To end it with a positive tone in mind then a bullish breakout would be a Daily candle close above 4600 ;)
Regards,
Vaido
Redditor stashes away BTC worth $100 to public library In a fun and fortune-finding experiment, a Redditor has locked away $100 worth of Bitcoin in a public library “somewhere in Europe” until 2122.
There’s never a dull day in Bitcoin (BTC) land. Despite that markets calling for a lull, the creative Bitcoin community always has cause for amusement.
Yesterday, a Redditor by the name of Optimal-Dentistador (henceforth, OD) queried the longevity of the Bitcoin network with a time-lapse challenge.
In a post made to the Bitcoin subreddit, OD “wrote a letter and also put the private keys for $100 worth in BTC.” In private communication with Cointelegraph, they disclosed they “put 0.003 BTC on a new address, put the private and public key together with the letter in the envelope, and here we are.”
The life-long experiment was inspired by recent events put on by the public library in OD’s city–which will remain secret at OD’s request. They told Cointelegraph that in their cit:
“There was an event where you could write something like a letter, poetry or a diary which will be stored for 100 years. If you write some personal info on the envelope, they will try to find some living relatives to give them.”
OD decided to put “something special” in the time capsule, namely the public and private key details to 0.003 BTC, roughly $100 at today’s rate. They told Cointelegraph, “I will tell my family about this,” however, OD also jokes they may “eventually forget this whole thing, who knows what will happen in the next decades.”
The Reddit community was quick to note that while 0.003 BTC may be a trifling sum in 2022, it could be considered a market-moving amount in one hundred years:
OD was quick to joke that in today’s world, it’s a bit like finding the “Bitfinex hack amount of money” in a letter. The Department of Justice recently seized $3.6B as part of the debacle associated with crypto exchange Bitfinex.
Related: Reddit is testing out NFT profile pics, but ‘no decisions have been made’
Given that the letter will not be opened until 2022, one Redditor, “fontinuos” commented that it’s “sad to think every single of us will be dead and won´t see the outcome.” OD agrees that while it’s a fun experiment, ultimately the outcome is “a grim feeling.”
Still, the meme value is strong, and OD’s offspring may enjoy riches. OD signed off to Cointelegraph saying, “see you in 2122, the ultimate diamond hands :)”
Clover Finance, end of the downtrend?Clover Finance is in down only trend for weeks.
End of january has seen some nice volume kicking in and downtrend not as strong as it was before. Some buyers coming in the market.
Now the price is in beautiful flat consolidation. This could lead to a trend reversal.
Easy to find an entry if price can manage to break this consolidation up.
Esay to cut the trade if price start going down again.
--> Huge Risk/reward ratio here with a clear invalidation point.
Interested in more market analysis and teaching?
Join us at Subverto Trading Club !
$MQ swing trade*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: Marqeta $MQ has developed a card issuing platform that provides clients such as Coinbase, Doordash, and Square with the infrastructure and tools necessary to offer payment options without the involvement of a traditional bank. $MQ generates the majority of its revenue through transaction fees for cards issued on its platform.
My team took advantage of todays dip and purchased $MQ shares at $14.25 per share. Our first take profit is $17.50.
FIRST ENTRY: $14.25
TAKE PROFIT 1: $17.50
TAKE PROFIT 2: $19.50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
EURUSD 4hHello Trader
Let's take a look at EUR/USD situation in the chart
In the current situation, EUR has been able to maintain the level of support that can be the first area of accumulation.
We suggest buying at two lower levels as well
Do not miss this opportunity because you will regret it later.
Mannapuram Finance for mid term 1) 3 Resistance at the top
2) Multiple supports at the bottom
3) Ascending Channel pattern is formed for more than 3 yrs
4) In Weekly time frame it shows pretty huge buying pressure,which is a good sign for buying
4) Whenever it touches the supports, it gives pretty decent returns by holding at least for 3 to 4 months
5) Risk Reward Ratio 1:4
Disclaimer : Just for education Purpose.
Caution before get in to trading.
Thanks Happy Trading :)
S&P 500 Daily Chart Analysis For January 28, 2022 Technical Analysis and Outlook
The index fulfilled our Outer Index Dip 4375, and Key Sup 4305 flagged earlier. This week's path also completed extended Outer Index Dip 4300 and created new Key Sup 4295. The index heading to newly created Mean Res 4445 may take the index to Mean Res 4550; however, a retest of the Outer Index Dip 4300 and new Key Sup 4295 is imminent.
Berkshire Hathaway B: Previous support provides good risk/rewardBerkshire Hathaway B - Short Term - We look to Buy at 275.30 (stop at 268.50)
We look to buy dips. We are trading within a Bullish Ascending Triangle formation. Previous support located at 275.00. The primary trend remains bullish. We look for a temporary move lower. The bias is still for higher levels and we look for any dips to be limited. Further upside is expected although we prefer to set longs at our bespoke support levels at 275.00, resulting in improved risk/reward.
Our profit targets will be 293.50 and 296.50
Resistance: 288.70 / 293.50 / 300.00
Support: 275.00 / 271.00 / 247.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
USD/CAD Bearish Continues. USD/CAD got rejected at the 1.2800 psychological level, which also happens to fall below the 200-day SMA on Jan 6, these technical levels kickstart the pair bearish phase. The price fell by almost 200point before hitting another Quasimodo support zone at 1.2630, which creates a ripple in the price and gives a chance for the buyers to push the up to 1.2700 that falls below the 50.0% fib correction zone.
A short position is good after another correcting hit the 21 or 50 days SMAs.
GBPAUD H8 - Long SetupGBPAUD H8
A pullback to this 1.88 region would be better for entries, it would show a healthy correction from the extension from 1.86400 to 1.89850. We have only seen a small 100 pip correction from a circa 350 pip move.
Entries and trade plan as per the arrows indicated on the chart above.
GBPUSD H4 - LONG SETUPGBPUSD H4
Perfect trade taken from last week, entry wasn't optimised from the 1.35 handle, but managed to tighten stops after candle closure and still measure our 3R+.
We have since hit our target on 1.36 and see a slight pullback, a solid break above 1.36250 ish and subsequent pullback to 1.36 will offer us our next long position entries.
DXY D1 - Short SetupDXY D1
Expecting a bearish dollar this week is we can break below this 95.500 price, if we can manage this, we will have set a new low following the consolidation breakout low, therefore continuing this LLLH sequence, we should be well on for seeing our 94.500 retest price.
We have been following this for quite some time now and the move we are expecting still has yet to present itself, but we have still managed to bank nicely from cable/GBPUSD longs
GBPUSD H4 - Long SetupGBPUSD H4
Lets see if we can start to fill this 1.34 resistance range now after seeing the hawkish moves off the back of the BOE interest rate hike. Pullbacks seen following the event, healthy corrections back down to 1.33 support.
1.33 support is our retest and confluence zone, effectively where we want to buy from. DXY rejecting that 96.500 price, a break south of 96.000 should send cable higher towards that 1.34 price.
Gold H4 - Short SetupGOLD H4
Understanding there is a big dump to break support and knock potential stops, this was fuelled by FED yesterday and the following volatility of this event.
Strong bullish run for circa 200 from support close to current price. Little further to push before reaching out pivot point, and we could see reversals and another range fill back down to support.
GBPUSD H4 - Long SetupGBPUSD H4
Same again here for GBPUSD as compared to GBPJPY... Looking for a bit of a market correction here on cable before then taking off again.
Heavily influenced by 12:00pm events though, so please be aware and protect positions. Should be another interesting day with aggressive GBP related moves as previously mentioned. 1.33 is clear resistance. So a pivot point in my eyes.