AMAZON: FALLING TO RISE 🧙♂️Hey guys, Amazon will currently continue its fall; however, we thought it would be helpful to show some points where you can potentially add some long positions into your portfolio. Obviously, the steeper the fall the higher the rise will be. There is also a trendline with the last rising ladder, but with Amazon stock, those diagonal trendlines don't really hold, that's why we mostly rely on major support and resistance zones.
Investroy
ADAUSD: APPROACHING THE KEY SUPPORT 🧙♂️As you can see from the name and the current market situation, Cardano is approaching key support that is pretty strong enough for the price to test it and bounce back up. Selling at this point doesn't have a good R/R ratio, but you may open more long positions at the indicated support after some confirmation.
US30, nice sell opportunity🔮As illustrated on the chart, we are expecting the price to drop down and re-test the illustrated structure once again before launching the rocket and flying up🙌🏻
What do you think, family? Share your ideas and thoughts in the comments below🍿
NASDAQ, ready to launch?🚀Looking at out favourite index, it can be observed that some sort of a triangle pattern is being formed. We are expecting the price to break the structure to the upside and reach the target indicated on the chart🙌🏻
BITCOIN 51k$: TRADING RANGES 🧙♂️The Fear indicator was at 27 yesterday. Do you know what that means? Exactly, buy when others fear and sell when everybody is greedy. If you wanted to stock up on some BTC the support zone indicated above is a good point to do so. We're planning on riding it back till 51k$ as a first target. Just a simple ranging trade. Stay tuned for more updates and have an amazing week fellas!
DOGE BACK TO 0.59 🧙♂️Hey, guys. Wanted to post a quick intraday sell on DOGEUSD till the closest support. It played out nicely, but RISK-REWARD wasn't really worth it. For now, we can see that there is a potential to break that trendline triangular structure with the aim to get back to 0.59. The buy position can be opened after the upward retest of the indicated trendline. Don't enter the trade without proper confirmation. If the price manages to break the current support (unlikely), we'll look for opportunities to buy further down. Good luck!
TESLA: SMALL RECOVERY 🧙♂️As we can see the price is currently rejecting the support zone and building upwards momentum. This can be a nice point to open a Buy position till the next resistance level. A good sign to enter the trade would be another nice bullish H4 candle taking us out of this dangerous zone. Be patient, always wait for confirmations and let's get it!
AN APPLE A DAY KEEPS THE DOCTOR AWAY🧙♂️Above in the chart, we've presented a couple of potential entry points if somebody wants to add more Apple stocks to their portfolio. Obviously, the best entry would be around 118-119; however, the price might also respect the trendline, thus, you can as well open a smaller position when it rejects that trendline. All the best and happy Tuesday!
EUR/JPY, some more upside movement is anticipated🚀The red line indicated on the chart is a weekly resistance. We are expecting the price to continue growing and reach that level. After we reach that specific zone, we will close our positions and look for signs of a bullish continuation or a reversal🙌🏻
Share your opinions with us, fam!
USD/CAD, keep melting👽The pair is in a massive bearish rally and it keeps on dropping. We are expecting the price to drop further from here as indicated on the chart. We do not have a Target Profit, we will close the trade once we see sings of a reversal🙌🏻
Share your opinions in the comments section, fam!
GOLD, where next?🧙🏻♂️2 possible scenarios over here. We either break that zone of resistance and go up till we reach the next target indicated on the chart, or we continue ranging and drop to the zone of support shown on the graph🔮
What do you think, family? Where are we headed next? Share your thoughts in the comment section🍿