$CINT is one to keep an eye on!It's forming a handle to its cup base and a breakout of this could prove to be massive.
One to keep on your watch list for sure!
As of March 7th, 2022:
* Sector: Technology - Software - Infrastructure
* Relative Strength vs. Sector: 2.0
* Relative Strength vs. SP500: 3.18
* U/D Ratio: 1.74
* Base Depth: 105.1%
* Volume 156.7% above its 15 day avg.
Trade Idea:
* Wait for the handle to finish forming and wait for a break above $18.64
Level
Why AVAX Price Is Positioned For Exponential GrowthAVAX has registered a spike of around 12% in the past 24 hours. The token is trading at an average price of $90.05, at the press time. The AVAX’s 24-hour volume of $2,105,943,120 has seen a surge of over 42%. It is interesting that the coin managed to stay above the $90 resistance level. According to CoinMarketCap, the Avalanche token is the 10th biggest cryptocurrency with a total market capitalization of $24.03 Billion.
Ethereum is NeutralThe global markets have reacted strongly to Russia’s announcement of carrying out “special military operations” in Ukraine. After news broke that Russia had begun launching attacks across Ukraine, the market dip escalated.
Over $300 billion has been wiped off the crypto market cap which has dropped around 10.6% on the day, now standing at $1.5 trillion.
Bitcoin, the benchmark cryptocurrency, dropped significantly. Bitcoin (BTC) is trading at around $35,343, down 9.64% in the last 24 hours. Bitcoin even reached an intra-day low of $34,522.
Ethereum (ETH) is also down 13.2%, trading at around $2,400. Among the other top 10 cryptocurrencies by market cap, Cardano (ADA) saw the biggest percentage loss with a 17.8% drop. BNB, XRP, and LUNA are down 12.4%, 13.6%, and 8.29% respectively.
Meanwhile, stablecoins including Tether (USDT), Binance USD (BUSD), and USD Coin (USDC), saw their values appreciate slightly on the day. Trading volumes of stablecoins have been going through the roof as safe-haven demand soared.
Outside the crypto market, the stock market has also crashed while oil prices have been on the rise. The Guardian reports that Russian stock markets have fallen to the lowest level since 2016. The report adds that oil price has risen from $60 per barrel to over $100 per barrel.
AVAX/USD set to spike higher todayTL;DR Breakdown
Avalanche price analysis is bullish today.
Support for AVAX/USD is present at $73.2.
Resistance for AVAX is found at $81.1.
The Avalanche price analysis is bullish today as the coin continues upside after rallying high yesterday. The price action is steadily upwards, and the coin price has broken above the resistance present at $77 level as this was a crucial resistance zone, and as a result, the coin price is touching $78.4 now.
As the bullish momentum has been quite steady since yesterday, we expect AVAX/USD to march further high later today and challenge the resistance present at $81.1 as there are imminent chances for bulls to continue their lead.
Last Chance Saloon to Buy on GBPAUD?GBPAUD broke through my supportive trendline that connected the previous two higher lows together. Today we are trading below these levels but sitting at the last point I would consider buying before the trend has lost any steam, the 61.8% fib level. Let's see can we take advantage of this high risk to reward ratio!
Why ADA Remains At RiskAfter a fresh bearish reaction, Bitcoin price extended decline below the $42,000 support level. There was a clear move below the $40,850 support level and the 21 simple moving average (H1).
The price dived towards $40,000, but the bulls appeared near $40,120. Recently, there was a minor upward move, but the price faced sellers near $40,950. It started another decline and traded below a key bullish trend line with support near $40,800 on the hourly chart.
Buying analysis USDCADWe got more evidence telling us the market might be stronger for buys. As you can see, we got a demand zone within the fibonacci. Adding that to the fact that we're currently in a uptrend tells me that the two trendlines are most likely just manipulation. I can also see some more evidence on a lower timeframe but that will be to complex for this timeframe:)
$WELL is one to keep an eye on!* Good earnings in the recent quarters
* Very strong up trend on the monthly time frame
* Very high 3-month relative strength of 14.02 in the REIT - Healthcare Facilities sector
* Recently broke out of its all-time-highs from 2019 indicated by the red line at $84.63
* Retested previous all-time-highs as support for the past three weeks
* Volume Profile showing tonnes of volume coming in between $81.22 and $87.55 and the PoC (Point of Control) being just around the ATHs from 2019
* Also printed a Pocket Pivot signal today with high volume
Notes:
* If this does pull back, I would expect the $84.63 area to hold as support as it was the previous all-time-high and also it's the PoC for the volume profile.
TESLA INC. OVERCOMING THE DOWNSIDE RESISTANCETesla Inc. (TSLA) opened with a positive gap yesterday, overcoming the downside resistance line taken from the high of November 4th, as well as the $1200.00 barrier. The stock continued its journey north and touch again and reverse from the strong resistance level around $1200.00 per share. In the experts' view, this, combined with the fact that the share price respects a newly established upside line and statistic shows us up probability in next 11 days, paints a positive near-term picture.
A break above $1204.00 could allow a second test at the record high of the stock, at 1245, the break of which would take investors into uncharted territories, and perhaps pave the way towards the 1300 zone. If participants are not willing to stop there either, then a break higher could see scope for advances towards the next round figure, at $1400.00
Shifting attention to our short-term oscillators, we see that the RSI moved higher and crossed its 70 lines, while the MACD lies above both its zero and trigger lines. Both indicators detect upside speed and support the notion for further advances in this stock.
The outlook could darken somewhat upon a break below the $1056.00 barrier. This would take the stock back below to the levels around $985.00. That said, a break above that level is the move that could carry larger declines, near the $897.00 zone.
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NZDJPY Long Entry IdeaPer myfxbook, retail is 78% short on NZDJPY, making me bullish. On the 1D, higher highs and higher lows have been made, giving me no reason to go bearish. There's also divergence between price and Cumulative Delta Volume (CDV). CDV has trended up short term, while price had trended down. Suggesting a weak sell. Price has seemed to find support right around 80.00, a nice whole number price. However, right below price is a large 4h imbalance inside of a 1D imbalance, where 50% of each imbalance lies right around 79.50, a nice half level. This area is also around the 50% retracement of the recent bull run if you apply a fib. My TP1 is the 4h imbalance that hasn't been filled, which is right around 81.5, another half level. Since this imbalance didn't break the previous short term market structure, I think price is likely to surpass this imbalance. Hence, my TP2 is targeting last month's highs at 82.5, another half level. A triple top formed right below last month's highs, providing liquidity for price to go to last month's highs, making it a likely target in my opinion.
GBPUSD - LONGConsider the development of North Impulse from Demand Zone . The target is next POC level.
GBPUSD - LONG
ENTRY PRICE - 1.34900
SL - 1.34100
TP - 1.36400
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
SHIBarmy breaks 7000?! On the way to 8400!?? Then $0.0001The banksters on Wall Street must be going, 40% gain! HALT, HALT! LOL Meanwhile, worldwhile cryptopennyflippers are dog piling this crypto aiming to do a 1000X with their worthless FIAT pennies. They are so worthless, pennies are BANNED in my country. We need new Penny! Make SHIB the new penny and DOGE the new dollar! DONE! Bitcoin is for the ultra rich, nations, large corporate treasuries etc.
The people's coins are the loyal, trusted dogs led by mommy DogE led by DogEFather, "kid with the big rockets" SpaceX mission to the moon funded by DogE Shiba inu. Guarded against Wall Street with little SHIB that is running circles around the banksters and their puppets.
Own some Bitcoin, Ethereum, Dogecoin and Shiba ! Once Shima takes a breather, I'll take one as well from SHIB. In the meantime!
GO SHIBArmy to 8400, then preach the 9000 lines toward this next 24-48 touchdown at or near 0.001.
Enjoy the ride. Please get off at the top and if you don't, have some puke bags ready for the nice ride down. This one might be a screamer! LOL I might jump off a bit to get ear plugs! LOL
How To Enter A Pullback In A Trend
Enter when these confluence factors are present. There is a Trend, Level, and Signal.
Trend:
Up
Confluence Factors at the Support Resistance Level:
Close Price 96.31
EMA 10 Close Price 96.24
50% Fibonacci Retracement Price 96.15
Horizontal Support Price 95.99
EMA 20 Close Price 95.31
Signal:
Rejection Candlestick
XAU/USD 4h AnalysisGold Chart - 4 hour time frame
1 - The trend line is broken
2- The price is returned from its important level
3- To form an uptrend, the price must cross the previous ceiling
4 - The price has reacted to the downtrend line and a kind of resistance has been created.
5. The price was September 30 and October 1 resistance. On October 4, this resistance was broken but returned by the important yellow level.
ADAUSD Correction DONE New Bull TrendImportant things to note:
I had suspected the correction for ADA was coming to an end.
BTC has confirmed this and will push to its next bullish target producing a new ATH.
There of course will be retracement along the way.
I said the market will be bullish this coming week and it is working out perfectly.
I have shown the price movements on the chart.
We have a new support of 2.08.
ADA price will lag behind a bit from BTC but will still be bullish.
We had a test of 50MA, I said the price will be back.
Once we cross 50MA for good next, ADA will push upward.
Important dates:
I will update all of the Cardano Summit News soon. I have mentioned a little bit during my chart updates. A LOT to look forward to. 5-10 years Cardano will be huge.
I realized ADA was likely out of the correction but I did not see confirmation from BTC. This was because I missed the 2nd lower low which I saw today after going back and looking through all of the timeframes. The correction is officially over. BTC will push to its next bullish target which is a new ATH, and it will go far past that in the coming months. ADA will follow this trend, however the bullish momentum will lag behind BTC a bit like it always does. We have a new support at 2.08 and I have marked the bullish price movements on the chart. We had a 50MA test which I was waiting for. Like I said before this means the price will be back to cross to 50MA and when it does, it will create bullish pressure upwards. This could create a short squeeze down the road when we get closer to expiration. I have said before that we will be bullish this coming week and everything looks like it will fall right into place. There will be retracements along the way, but we are back in a bullish trend. The 1D MACD looks great like I said before and I expect a cross within a few days. This news coming out of the summit was more than I could ask for and I plan to test their protocols very soon. As I said before I would like to develop on their platforms, it is just a little early right now and there aren't too many tools available. Overall, everything I heard confirmed to me that in the next 5-10 years cardano will be HUGE and likely used by the big banks due to their scalability. This was confirmed by the European tokenization firms during the summit. I haven't mentioned the deflation that will likely occur in the future, further increasing the price of ADA. I will be putting out an entire post summarizing the ADA Summit news, so stay tuned, there is a lot to cover. Anyways I will keep and eye on ADA and update you all accordingly! Enjoy!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.