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American Express (AXP) ConsolidationI am not licensed or certified by any individual or institution to give financial or investment advice. I think American Express could be in a possible roll/consolidation. I have my horizontal Resistance and Support drawn with the orange lines. Key takeaways are the S&P 500, Nasdaq, Dow (to which AXP belongs), and Russell 2000 are all at Uptrend Resistance; and AXP itself is at what I see as its own Resistance as well as forming a Double Top/M. These technical indicators lead me to believe AXP is ready to begin going down. If you are an options trader you may want to decide if it's worth getting into some bearish positions. If you deal strictly with shares this may be a good time to consolidate your cash and prepare it for buying a dip near Support, either to set up for a short term rolling trade strategy or to buy for mid to long term investing purposes. Rolling patterns may present good opportunities for double dipping if you are an options trader. Puts going down and Calls going up. That's up to you. I don't currently own any positions in AXP. Let me know what you think, or if you have any questions.
NYSE:AXP
by AROD01
2
BITCOIN | Waiting For a Move/Confirmation!Hi, The current scenarios that I'm waiting for are in front of you. After my previous short-term trading idea , the price of BTC has started to slow down a bit but probably not for long. At the moment, we cannot do anything because the major resistance is just too close to make a buy from current prices and we don't have any confirmations to go short neither. So, we need to be patient, the hardest part of trading. It's fishing time - “There is time to go long, time to go short and time to go fishing.” — Jesse Lauriston Livermore ;) For a bullish scenario, I will wait for a 4-hour candle close above the current all-time high and reacting after the retest of it. There might be also a good to buy it right after it has printed new ATH but it would be much riskier because it can easily leave us a wick and then we have a candle close back in the range, back below 41k and this baaaad. For a bearish scenario , the price sitting just above two strong support areas, and there is also the trendline from the end of January which also can act as a support level. So, a candle close below the lower light-blue support area will be a bearish confirmation and react after the retest of it. TradingView has made a topic "Who are your favorite follows" , name it on the comment section, and if they agree they give you FREE TV coins! Regards, I'll keep you posted, Vaido
COINBASE:BTCUSD
by VaidoVeek
7
LC Long SAN FRANCISCO, Feb. 1, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE:LC) today announced the completion of its acquisition of Radius Bancorp, Inc. and its digital bank subsidiary, Radius Bank ("Radius"). The acquisition combines the strengths of two digital innovators with complementary businesses and a digital-first, branchless approach to banking that will help improve the financial well-being of everyday Americans, while driving accelerated revenue growth for the company.
NYSE:LC
by Windsor-Management
COPPER (XCU/USD) – Week 4 – Correction knocking on the door.Copper prices are highly responsive to global growth and liquidity conditions, which is why it was one of the most preferred metals by the investors at the moment, even though in the past week, Copper prices moved sideways with nothing much to offer. For this week we anticipate that the previous top will be once more broken. Our advice is to skip this one for the moment and focus on other instruments. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
OANDA:XCUUSD
by financialflagship
GBP/USD – Week 4 – Weak UK Economy, weak sterling.The latest UK PMI data expressed the ongoing weakness of the UK economy with the services index dropping further into contraction territory, while the bigger picture looked worse than the market expectations. Unfortunately, all these numbers point-out to a double-dip recession in the UK. From a technical perspective, the Sterling rose against the US Dollar the whole week reaching April 2018 levels. However, the latest bullish move doesn’t have much fuel left and it should soon fall into a deeper consolidation before resuming its weekly uptrend. Take notice that we might break the top one more time before the consolidation will start. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
4
EUR/USD – Week 4 – 1.20 next target?Euro gained some momentum last week with the price increasing correctively, as ECB kept the interest and deposit rate unchanged. The ECB’s dovish tone in regards with the effects of extended lockdown measures around Europe had a relatively weak impact for the Euro. Technically speaking, we expect this to be the start of a complex correction that we’ve been expecting in the past couple of weeks with the price potentially dropping below 1.20 levels. Keep an eye on the USD pairs on Wednesday as the FOMC releases its statement regarding monetary policy accompanied with the FED’s Interest Rate Decision. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
2
REEF Finance - This one's for my FollowersREEF Finance is a coin that has explosive growth potential. 1) This is THE FIRST Decentralized Exchange (DEX) that is finally 'cross-chain', which means it allows you to visit just like you would on Uniswap, or Honeyswap, or 1inch etc, but this time - you will be able to buy coins from all the different chains! Binance Smart Chain, Ethereum, Polkadot Network, the list is huge. All in one place. So this alone, is a reason to invest for pennies right now! 2) This coin is on the hottest network with the most hype, and the fastest growing ecosystem (Substrate and Polkadot designed by Gavin Wood, who also was one of the original founders of Ethereum). Coin is in the hottest sector of cryptocurrency, which is decentralized finance, or DEFI (Even more hype!). So think about sentiment now. 3) Currently is farmed on Binance.com and that contract ends soon. I have seen plenty of these farming contracts shoot up in price directly after leaving Binance faming contract! 4) Partnerships and Ecosystem - Polkadot alone has one of the greatest growing ecosystems, so you can be a part of it. But now you can hop between all the ecosystems that Reef has to offer, and Reef has a lot! The coin is currently less than 0.02! I want you to remember that. Take a look back at it in May, and im hoping for at least 1000% growth by then, but we will see. I could be WAY off on that one, but if its a slow grower - so be it! I have a lot of conviction in this one.
RLong
by Shwayze
21
[AUDUSD Short] 27 Jan, 2021 - Roger V Trading IdeasAUDUSD Trading idea comment: The previous AUDUSD trading idea provided on the 12th of November 2020 was expired after the breakout of the final SL resistance level of 0.736000. The direction changed from bearish to bullish after the breakout. Market during the first half of January in 2021 was very quiet and did not fluctuate much for most pairs. However, I was looking around at the market on the 10th of Jan 2021 and saw some price action signal with the US Dollar index forming an earlier stage of reversal to a bullish direction. In relation to this matter, AUDUSD is one of the major pairs that correlate with US Dollar Index. If US dollar goes strong in its value, inversely AUDUSD goes in a bearish direction. Vice versa with US Dollar index going weak against with AUDUSD. It took me 17 days from 10th January 2021 to 27th January 2021, to make a decision that AUDUSD can be one of the selected pairs in the list to go for its trading opportunity. AUDUSD has been in a consolidation of its high and low between 0.769000 to 0.782000 (Still currently on-going with the consolidation.) What is the reason to finally decided to trade AUDUSD? It was a tough decision this morning to decide AUDUSD to confirm to have it be a part of the selected trading pairs. Main factors I see that made my decision for AUDUSD: 1. Price Action a. Upper shadow high for each candle is lowering each week, and no new highs is breaking up the highest one. AUDUSD Weekly Chart a. Descending Triangle pattern channeling i. It is quite similar to the price action. However, the difference between descending triangle is that, it looks at the breakout of the triangle. If it breaks upwards, it means that the trend will go in a bullish. Vice versa, if breaks downwards then it will go in a bearish trend. AUDUSD Daily Chart 3. US Dollar Index volatility strength a. An in depth/ update about the US Dollar index is written in the follow articles i. 12 Jan 2021 - US Dollar Index (Read more) ii. 21 Jan 2021 - US Dollar Index (Read more) Extra Notes: Taking note that AUDUSD previous effective high happened in July 2017 going pass 0.78XXXX. (Please refer to the image below to see the chart.) The high gone over 0.78XXX in 2021 is considered the only effective high comparing with the past 3 years. When new highs are created, to be more conservative it is best to wait for more signals on the higher time frame until it gets more stable and then start after that to have a higher possible winning accuracy for the pair. Right now, this trading idea is announced. Roger V will put this pair in list to try for its trading opportunity for AUDUSD. Worst Case Scenario: Two options: 1. Can wait or ask Roger V on Roger V Diamond Club, to see if the trend is actually true breakout or false break. a. If true breakout - try to find a lower loss to stop loss. b. If false breakout - hold it, and carefully look at the weakening signal from M15 to H4. (Same method as looking at the weakening signal candlestick combination taught in group.) 2. Can stop loss straight away at the final SL, if the loss amount has gone over your expectation. (This is to be known before you make any orders.) Best Case Scenario: Trend does not breakout final SL of 0.867000 support level. Once reach target 1 0.895000 and gets resisted and goes in a retracement. Re-entries for long position will be available among the new re-entry trading idea. -------------------- (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Short
by aluotradingjournal
BITCOIN | Strong Resistance, Don't Rush, Wait For a Break!Hi, During the weekend the price of BTC got a small rejection downwards but climbed "up" pretty quickly. Do you think it is a good time to buy it for mid, - long-term? I will say no, it is not a good time to buy it because the area just above the current price is pretty strong and actually it will be a deciding point for further BTC movement. At the moment, I can see that the price of BTC might climb higher to retest the area around $35000. Currently, it fights with 4-hour EMA50 which acting as a resistance and if the price manages to break above it then the strongest zone/resistance will be there pretty quickly. The strong resistance consists of two types of trendline ; the higher one will act as a resistance waiting for a third touch and the second one, lower, will also act as resistance but the type is a bit different. We have a strong 4-hour candle break below of it. Strong candle break means it is definitely a line to keep an eye on because the price needed a strong volume to break below and now it acts as resistance because the price comes to retest it. The crossing area consists of: * Prementioned trendlines * Mid-number $35000 acting as a resistance, worked previously multiple times * Strong area around 35k, several rejections upwards and downwards, it shows that currently, it is a pretty psychological level for investors/traders * Different Fibonacci levels As said, currently, I don't recommend buying BTC for the mid-, long-term. Wait for the breakout of it. Wait, let the price shows that it is ready to climb higher and THEN you can act. It is not worth taking a risk from current prices because the down pressure is still alive. It can be also a possible selling area but we need a candlestick pattern confirmation to make another short-term sell from it. Bearish candlestick patterns what I will wait for are here Regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
33
ETHUSD – Ethereum – Week 4 – To the MoonThere is a lot of buzz in the investment and crypto communities around ETH, considering the latest innovation in the field, the launch of their parallel stacking network Ethereum 2.0 . Therefore we think that investors will allocate a lot of capital in this endeavor. Technically, Ethereum’s bull case seems stronger than that of BTCUSD at this point. We are expecting for prices to skyrocket, making new highs shortly. The minimum target that are we expecting for ether is at least 1800 USD per ETH. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:ETHUSDLong
by financialflagship
3
LTCUSD – Litecoin – Week 4 – In the MiddleLTCUSD like BTCUSD is in a weekly bullish trend that now has lost a little momentum and it seems it’s making a correction before resuming the trend again. We are expecting more sideways moves before breaking the top and reaching eventually the all time high in December 2017. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
COINBASE:LTCUSDLong
by financialflagship
XRPUSD (Ripple) – Week 4 – Correction for more downThe fundamental weekly sentiment for Ripple is bearish, taking into account the SEC’s lawsuit against the company in December 2020 and the expected first trial that will take place in February 2021. Technically , XRP is making a big consolidation that is expected to break lower at some point and retest the March 2020’s low. When that price is reached we are seeing a great investment opportunity. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:XRPUSDShort
by financialflagship
2