Keltnerchannel
Paysafe Limited LONG positionPaysafe Limited is an integrated payments platform. The company enables businesses and consumers to connect and transact in payment processing, digital wallet, and online cash solutions.
A decreasing trend of Paysafe can be seen since January. As we can see, there is a bullish confirmation indicated by MACD. Moreover, RSI shows an increasing movement. The price of stock hit a lower boundary of Keltner channel. Therefore, long position is recommended.
Position: LONG
Stop-loss: $ 8.6
Entry range: $ 8.79- $ 9.37
Target I: $ 10.62
Target II: $ 12.27
Target III: $ 13.96
NO FINANCIAL ADVICE
MSFT Short position Microsoft Corporation is an American multinational technology corporation which produces computer software, consumer electronics, personal computers, and related services.
From mid-May, we can see an increasing trend of the Microsoft Corporation. However, according to the MACD indicator that shows a bearish confirmation, we expect a decrease in the stock price. Also, RSI recently reached 70 and is showing a decrease these days. Moreover, the price hit an upper boundary of the Keltner channel.
Position: SHORT
Stop-loss $302.81
Entry range: $299.93-$302.81
Target I: $286.88
Target II: $274.82
As soon as target I is reached, we recommend repeating the test again and deciding whether to continue with a short position hence, to target II, or to go a long position.
Long FBEntry price: 369-375$
Target price: 408$
Stop loss: 365-369$
Keltner Channel: the price is inside of the channel, approaching the upper boundary.
Chart pattern: symmetrical triangle
DMI: +DI line crossed -DI line from the below. Moreover, the intersection moment appeared above the ADX line what might suggest the bullish momentum of the price.
Conclusions: The price broke the upper boundary of the triangle pattern, however there is no volume increase at the moment. Thus, long position is recommended after the price correction above the pattern with the entry price on the new support level.
SOLANA / USD (SOLUSD) SHORT POSITIONSolana is a crypto startup that was founded in 2018. The startup builds and develops crypto apps for decentralized apps and marketplaces.
As can be seen, Solana´s increasing trend has peaked and is gradually declining these days.
After a period of overbought cryptocurrency, we can expect continued falling prices, as indicated by RSI. Moreover, the prices extended an upper line of the Keltner channel that according to the historical data leads to a reduction in price. Also MACD line and signal line are getting closer to each other. Therefore, we can expect bearish confirmation in the upcoming days.
Conclusion:
All the indicators and tools analysed showing that the price of cryptocurrency is going to fall down. Therefore, we recommend trading in a short position.
For indicating the entry and target levels, the Fibonacci retracement tool was used as follows:
entry range: $65.9725-$67.175
target I: $58.595
target II: $51.31
stop loss: $68.8025
NO FINANCIAL ADVICE
Spirit Airlines, Inc. / LONG PositionSpirit Airlines, Inc. is an American ultra-low-cost carrier headquartered in Florida. It serves the United States, Latin America, and Caribbean as an airline operator.
Since mid-March, it is possible to see a declining trend in the development of the shares of the analysed company.
Lately, we observed a regular bullish divergence between the price of stocks and RSI and as well as a bullish confirmation indicated by MACD. Moreover, according to the Keltner channel is the price reaching its middle boundary.
Conclusion:
As we can see, all these indicators and tools have shown that the price of shares is already increasing and we assume it is going to continue to grow in the upcoming period. Therefore, we recommend waiting for the price confirmation and once the shares break the downward slopping resistance line to take an advantage of the long position.
For indicating the entry and target levels, the Fibonacci retracement tool was used as follows:
entry range: $25.2-$26.07
target I: $29.73
target II: $31.84
stop loss: $ 24.44
NO FINANCIAL ADVICE
Ethereum/TetherUS (ETHUSDT) SHORT POSITIONEthereum is the community-run technology powering the cryptocurrency, ether (ETH) and thousands of decentralized applications.
Recently, the price reached the middle line of the Keltner channel.
Fibonacci retracement tool was used to indicate targets and entry levels.
The trend is losing momentum that we can observe on the RSI. Moreover, according to the MACD, we see a recent bearish confirmation hence the trend is expected to continue downwards.
Conclusion:
Position : SHORT
Stop loss : $3151.63
Entry range : $2942.56 - $3060.87
Target I range : $2641.00 - $2759.31
Target II range : $2292.11 - $2410.43
THETA/TETHER (THETAUSDT) LONG POSITIONThe analysis presents a downtrend and a descending triangle pattern of Theta.
RSI is slightly above 50 that acted as a resistance level: we can expected a future continuation upwards
Keltner channel shows the price did not reach its upper boundary
MACD recently indicated a bullish confirmation as the MACD line > signal line. Moreover, MACD line is slightly below the zero line, meaning the market is being oversold and the price may move upwards
Position: LONG
Stop loss: $ 5.6075
Entry range: $ 5.7936 - $ 6.2279
Target range: $8.8958 - $ 9.4542
NO financial advice
BITCOIN (BTCUSD) long position technical analysisTrade position: long
Entry I: $ 28547.39, entry II: $24916.06
Target I: $ 35810.04, target II: $ 40997.64, target III: 49816.58
RSI: 37.12 close to <30
The downtrend is represented by the red trendline on the chart. The analysis shows the price reached the lower boundary of the Keltner channel, but not its upper boundary. Recently, MACD indicates a bearish confirmation, following the signal line exceeded the MACD line. Moreover, the RSI value is close to 30, meaning the price is approaching an oversold level. All these indicators suggest a good entry point for the long position.
NQ Power Range Report with FIB Ext - 7/19/2021 SessionContract - CME_MINI:NQU2021
- PR High: 14683.25
- PR Low: 14652.00
Evening Stats
- Gap: = N/A
- Session Open ATR: 176.22
- Volume: 37k
- Open Int: 226k
- Trend Grade: Bullish
- From ATH: -2.0% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 15247
- Mid: 14676
- Short: 14104
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Despite Dollar Drama Bitcoin Behaves Normally (Quickpost)DXY and other dollar indices have pumped rather well over the last week or so and there is a lot of talk about how that will affect the other fiats and the fiat alternatives like silver, gold and crypto.
So far BTC hasn't really done anything untoward. Weeks ago it had a major dump and crawled its way back into the daily Bollinger Band and Keltner Channel. It then went to the top of the BB and KC and after a big move like that we could expect a lot of technical resistance. The key thing to watch will be the the supports of the BB and KC to kick in. This means we could see some more downside as the low of the BB is at 33.4k and the low of the KC is at 35k. And it would be very normal to see some wicking here. If you are looking for a bounce you don't want to see candle bodies out of the Keltner and you don't want to see too much price action below the provisional support of the triangle..
The three day chart shows that price action has regained the KC and is testing the support. If it holds in a couple of period price could be at 43k and a few more periods after that at $50k=ish
I have some serious reservations as to the long term bullishness of bitcoin but after this slam down the area of least resistance is to the upside. I know lots of people are watching for a head and shoulders but I just don't see it happening at this time. If I had to put a percent chance on a head and shoulders it would be around the 20% chance.
NQ Power Range Report with FIB Ext - 5/27/2021 SessionContract - CME_MINI:NQM2021
- PR High: 13717.00
- PR Low: 13696.50
Evening Stats
- Gap: = N/A
- Session Open ATR: 234.15
- Volume: 21k
- Open Int: 231k
- Trend Grade: Retracement
- From ATH: -3% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 14104
- Mid: 12530
- Short: 12598
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
ETSY (DAILY TIME FRAME) GENERAL ANALYSISDespite ETSY reporting earnings that surpassed analysts expectations ETSY shares still slid as management expects the total sale of goods on its platform to slow in the second quarter as it faces tough comparisons to last year’s pandemic-boosted results.
Based on the current price action I'm operating under the assumption that ETSY is in a downtrend. The gap down is a red flag of the weakness on the buy side of ETSY. I would stay away from any immediate rallies up until the price exceeds $192 or closes above the mean. After the price gap down this does look like an opportunity to buy but I would caution against blindly buying the dip as ETSY can shed a lot of dollars should it break its support of $153.50
(Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)
ZECUSD to push higher???For those onboard ZECUSD has a great run a few weeks ago. This morning it formed an Ascending Triangle and pushed out of the Keltner Channel indicating short term bullish trend. Considering the long term bullish trend as well and especially the delayed sympathy in the price action to BCHUSD, both essentially BTC forks with slightly different functionalities, there's a high probability of a push MUCH higher.
IF.
If it can break the resistance at 299. Currently it's stalling there at the high from April 17. And 300 has that whole number rejection power. An other concern is the time of day. We're at 6:30pm EST now and sometimes there can be unpredictable low volume pullbacks. If it doesn't make it through tonight I think there's very good chance it will try again in fairly short order. IF we can push through the Double Top we could be home free for a bull run similar to BCHUSD.
Price target: 420. :o
FILUSD breakoutMy old fav from a few weeks ago FILUSD just forcefully broke through to the upper band of the Keltner channel with very bullish intentions. IF it continues to run and breaks out of the upper Keltner band (currently 167.7) then we can expect for another nice bull run over several days at least. If the upper Keltner rejects and send it back down most likely we're looking at a mean reversion to 138 or so. BTC of course will play a role in this as it seems to have gravitational pull on most of the alts, with the notable exception of ETH. Happy trading and trade safe!
NQ Power Range Report with FIB Ext - 2/2/2021 SessionContract - CME_MINI:MNQH2021
- High - 13276.50
- Low - 13230.00
Evening Stats
- Gap: = N/A
- Session Open ATR: 282.85
- Volume: 38k
- Open Int: 227k
- Trend Grade: Bullish
Key Levels (Rounded - Think of these as a range)
- Long: 13747
- Short: 12500
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 11/3/2020 SessionContract - CME_MINI:NQZ2020
- High - 11097.00
- Low - 11065.00
Current Stats
- Gap: N/A
- Session Open ATR: 268.50
- Volume: 21k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 11600
- Short: 10950
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.