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TOTAL Crypto cap - Mega support, 200MA + 0.382 FIB + MACD/RSI- It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart. - Last weekly candle has a huge wick, which is definitely a good sign for all bulls! - 200 moving average is a strong support and the price is currently sitting on this level, which provides us with a good buying opportunity. - 0.382 FIB retracement is also a noticable support level on the LOG scale. - As per my Elliott Wave analysis - ABC correction should be completed on the macro scale and now we are ready for another bull market! - We have a falling wedge - bullish reversal pattern or a bullish flag on the weekly chart. - Indicators: RSI oversold and MACD first bullish tick. - There is a tremendous confluence to buy cryptocurrencies at this moment! - Look at my ideas about Bitcoin and Ethereum in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
CRYPTOCAP:TOTALLong
by UnknownUnicorn2537518
1
Ripple XRPUSD - Tripple support now! + Elliott Wave + Triangle- XRP is currently sitting on the tripple support support (Horizontal + Trendline + 0.618 FIB) on the weekly scale, which should provide a very good buying opportunity! - Also we have a symmetrical triangle that will break very soon. - Bearish volume is very low on the weekly chart as you can see. - Due to my Elliott wave count, we can be done with this pretty much disgusting wave 4 and continue higher to form a huge leading first wave diagonal! - Previous all time high resistance (from 2018) is next resistance. - If we measure a fibonacci retracement for this whole market structure - we are currently sitting on the 0.618 FIB! - Last weekly candle has a huge wick, which is a sign of rejection and trend reversal.
BITSTAMP:XRPUSDLong
by UnknownUnicorn2537518
17
BTC Horizontal Lines vs. Chart PatternsHi Everyone! 😃 Here on the 1h Bitcoin USDT Chart we can see a wedge pattern and horizontal support lines, what I want to point out is that we have to constantly adjust a wedge pattern or triangle as the candles form the highs and lows, but these horizontal lines here in this chart for example, I have drawn weeks ago and the green circles point out just few spots where they where extremely accurate. The main point is that these lines where built by using multiple indicators such as the price action itself, but also Fibonacci retracements and trend lines. As a result you can see how nicely the differen areas can predict potential continuation of the current trend but also reversals, but that is a completely different chapter. You are welcome to check my profile for previous posts, to confirm that I didn't just draw this up 😃😉 And here is another more zoomed out version of this chart but on the 4h: And another post on the weekly BTCUSD T chart where I get into the future for Bitcoin : I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
by BitcoinEasyIO
4
PYPL - could have bottomed outPYPL broke down from a messy Head & Shoulders formation of sorts (head-shoulder-head-shoulder) in Oct and had been trending down strongly since. It eventually came down to about 180 on 1st Dec last week, which incidentally was it's H&S target and also a possible horizontal support zone here. However we only see a decisive bounce off this level today, opening with a gap up, leading to the potential formation of a bullish engulfing candle on the weekly timeframe. With a confluence of factors (H&S target, horizontal suppport and potentially bullish engulfing on weekly), I am fairly optimistic that it could have bottomed out. I will venture a long today with initial stop stop slightly below $179. Will take partial profits around $225 (a gap fill) and protect remaining positions with trailing stops. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NASDAQ:PYPLLong
by Juliac
15 important things you must know 🎁Hi folks, Yurii Domaranskyi here. Let's take a look at the chart. 1. horizontal levels are working good on the stock 2. globally the stock is in a range 3. the price level was confirmed with an approach to the level 4. this is a distant test of the price level 5. approaching level sharply 6. from local high to the level move more than 25% 7. the stock was accumulating the energy in the range for a long time 8. no accumulation near the level 9. the stock closed in more than 1 ATR to the level 10. level of a pullback, from there, was made a new local high 11. the stock has room for a move 12. no descending highs 13. today was a report 14. the price came from the upper border of the range 15. the price may turn in the opposite direction from the level and go beyond the range Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$ Please, support our work with ❤️
NASDAQ:BMBLLong
by yura_trades
Facebook - bounce coming?FB was among the weak stocks during initial hour yesterday, losing 2.5% to a low of 317.37 before slowing gaining traction for the rest of the day, and recovering most of the initial dip to close a pin bar. The case for a rebound soon is rather compelling due to 1. higher than average volume that formed this pin bar 2. the rebound occurred right after it tested the 200 day moving average Hence I will long as the stock goes above pin bar high 324.5 with an initial stop a dollar below pin bar low at 317. Initial target @ 350 which is the 50% retracement up of the down swing AB (and a possible horizontal resistence there). However there is a risk that earnings could disappoint on 25 Oct and any rebound could be short lived. Should this rebound fail, I will relook possible entries between 298 to 304 where there is a stronger zone of supports there. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
NASDAQ:METALong
by Juliac
5
Nasdaq correction - are we there yet?NQ tested a minor support around 14500 (1) in the past 2 days and looks to be ready for a breather. However whether the next bounce is just a short term bull trap remains to be seen. There is an equal chance of NQ heading towards a stronger support at 14000 +/-150 (2). I would be looking to test some longs should NQ reaches this level. While I do not see NQ going to level (3) which is 12200 +/- 150 in the near future, however should level 2 support around 14000 be breached, then we could be entering a bear that could brings us there. I would likely be a strong bull should NQ reaches here. Be nimble. Trade the short term bounce but be ready with protective stops. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
CME_MINI:NQ1!
by Juliac
ChinaA50 - Blood on the streets already?The Chinese stock market is not for everyone, however, could it be an opportunity to invest when others are fearful? I am putting this down for my own record so that I can look back a year from now to see if I'm right on this one. There has been 3 rather major bear markets since Mr Xi Jinping came into power in 2013: a bear in 2015, 2018 and now 2021, is it a coincidence that the bulls are being reigned in about once every 3 years? Just an interesting observation. After the latest curb on online educational companies which sent even more investors stampeding out of the Chinese markets last week ("throwing the baby out with the bathwater"), I am now seeing a confluence of supports right now where the China A50 chart tested the low last week(at ~14500) : 1. The current crash EF being the 100% projection of AB (the 2015 "crash") 2. 14500 is the 50% fib retracement of the major BE swing up (from low of 2105 to the peak in Feb 2021) 3. 14500-15000 zone is a long term resistence turned support area 4. a bullish divergence between Price and RSI is now forming on the monthly and weekly charts. I suspect it is already bottoming at these levels though it may still be months before confidence can come back in for it to take off again (however watch out in 2024??). This is just for the sake of TA discussion. :) Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
OANDA:CN50USDLong
by Juliac
Nasdaq - How far will it correct?NQ appears to be correcting at every 2.5 months interval for this year. Is it just a coincidence that we appear due for yet another correction just as we cross the 2.5 month mark form the last correction in end April? Should this correction turns steeper, I would be looking for possible supports around 13950 - 14050 (confluence of a previous resistence turned support as well as the 50% fib retracement of the most recent AB swing that began on 13 May). Worst case, we could see a correction to 13700 (61.2% fib retracement). Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to let me know what you think! :)
CME_MINI:NQ1!
by Juliac
NQ - are the bears done selling?Yesterday's pin bar close could be a sign that selling is getting exhausted. With trendline support tested (and rejected) twice in a week, the odds appear to be in the bulls favour now. Hence I am cautiously bullish at the moment. To be doubly sure, wait for a break up of the near term trendline (in green) to get bullish. However, should NQ break below the larger red trendline support (though the chance of this happening appears to be diminishing), then it will likely head towards the horizontal support zone of 12200-12300. Disclaimer: TA is about improving our odds of a successful trade, but there is no guarantee. This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to let me have your comments ! :)
CME_MINI:NQ1!
by Juliac
FINV - displaying strong support at 5.78 (Gap level)FINV retraced about 50% from it's major swing up before finding support around the 50% fib retracement level. There is also a horizontal support zone there 5.78 - 6.24, created from horizontal resistance turned support (apparent on wkly chart) and a large Gap up on 11 March (that is not being filled during this recent plunge) Note that as a $6+ stock, it is a speculative play. I am interested to stake between 6.50 to 6.85) with a stop loss at 5.75. Let's see how it turns out. Disclaimer: TA is about improving our odds of a successful trade, but there is no guarantee. This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to let me have your comments! :)
NYSE:FINVLong
by Juliac
PTON - More upsidePTON established a strong support at 94 after forming a double bottom there on 5th March. It rose for only 2 days before losing momentum for the next few weeks when it slowly became apparent that a mini Adam and Eve bullish pattern was forming. Today it gapped above the Adam & Eve neckline with RSI rising strongly >50 at the same time. For those who have yet to hop on board early today, it could be trickly to rush in now unless price could retrace a little over the next few days. I wwould put intial stop loss below neckline @ 111. Be mindful of earnings release expected on 12 May. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
NASDAQ:PTONLong
by Juliac