Long-term
Possible Head and shoulders *LONG*
Keep an I on the possibility of this being an outcome for Chainlink. Even though it has been on a pure uptrend testing it's highs and lows and pushing forward. There is always another side to every success story. No matter what I believe, Chainlink will push through eventually. Keep an eye on resistance levels through the week. $27 specifically, if we find it causing resistance it is possible we can end back up we we are currently sitting at $22 - $22. 40 . Which in turn if this forms the infamous H&S , this may in turn push us further down to the $19- $17 range. Just hypothetical but possible. Good luck and Happy Tuesday!!
ABBOTINDIA - LONG ENTRYThe Stock takes support on weekly basis, where it faced resistance previously.
On monthly chart it created a hammer candle on the support zone.
Good Swing Entry for a couple of months, hoping to see new all time high
Trade Details:
Buy Below : 19600
Stop Loss : 17300
Holding Period: more than 2-3 months
$SE #SEALIMITED Stuck Between Two AVWAPs$SE is being supported by COVID-19 lows AVWAP (Aug 17, 2020) and rejected by ATH AVWAP (Oct 19, 2021). Until we break either AVWAP, I will be neutral and wait for some movement. I do like the stock long term in my Roth IRA, so I will be slowly adding shares if it goes near or retests the support AVWAP. As mentioned in my $BTC chart, I do believe that the bottom is in for growth stocks and the R/R is appropriate for going long.
BTC USDT Long termHate to say it but i can't see any bullish momentum for BTC
Even tho after a 40% correction the monthly chart doesn't look promising, these indicators got to cool off at some point
As you can see all indicators show weakness so i tried to imaginethe best scenario for btc.
We got to except that nothing will keep going up and we may be able to watch something we have never seen before
So be prepared for worst cases always
GBP/JPY - SHORT Long term position, with great risk/reward ratioThe price reached the previous highs. It created a double top and crossed the uptrend line. Also RSI reacted to the overbought and started to 'look' downwards.
Great potential here for positions that will stay open for a few days or maybe couple of week in order to be profitable.
Falling Wedge- BullishWatching SOL closely here, treading lightly in the crypto space with all of the FUD surrounding pending regulations. However, SOL is looking quite nice here and is currently sitting right on its 200-Day EMA. Additionally, SOL is holding a big falling wedge with a little cup and handle at the end. Bullish on SOL long-term and will be watching closely for a breakout from this wedge- just some FIB levels along with some RSI based supply and demand zones to keep an eye on in the meantime
- Falling Wedge
- Cup and Handle
- Sitting right on its 200-Day EMA & Bounced off the .00 FIB Level
- Bollinger Bands are Squeezing (Not Pictured)
- Slight Bullish Hidden Divergence on the RSI on the 4-Hour Timeframe (Not Pictured)
- Buyer Volume Picking Back Up
Lufthansa Investment updateSo it has been a while since I said anything about this stock but I am still in this stock and even just added some shares a week ago.
When we look at the chart we can see that the price is been going up for a little now. We see that we just hit a resistance zone and that the price was not able yet to break it at this point.
The good thing is that there is a descending wedge that we nicely did break and did a retest of the wedge without breaking the wedge before the big move up. We can also see that all the MA’s are below the price what also could indicate that the price is bullish so it looks good for us for now.
I am now waiting to see a break of the resistance zone next week.
I will update you when it is needed.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.
DWAC Breakout LongPrice's getting closer to a strong limit level. After a fake breakout we didn't see an opposite impulse - good sign for a retest with possible breakout.
3 targets:
69.4 - 76.8 - 89.4
Larsen & Toubro , A Long Term Investment (Keep It Simple) FYI : Red Line refers to Monthly Trendline(TL) , Blue Line refers to Weekly Trendline(TL), Black Line refers to Daily Trendline (TL)
Larsen & Toubro ( NSE:LT ) is an Indian construction and manufacturing mammoth with MCap of Rs . 2.7L Crores ,so it's safe to say that LT is a blue chip stock with low downside and prospect of consistent return. Stock has given a CAGR of 18% over the last 5 years. Now coming to Technical Analysis of it's chart :
1. Stock gave a breakout and closed above redline for the first time in last weeks & has re -tested and bounced back from it which confirms this
breakout is genuine.
2. Stock is also respecting the blue line since post covid bull run.
3. Stock is trading @ All Time High ,hence using Fibonacci retracement tool to aim for targets which is 2800 in this case.
4. Swing traders can keep a trailing SL to minimize losses & maximize profits; for me it's whenever it breaks the blueline and gives a closing below
it.
5. For people looking to buy & forget, can keep a SL if it breaks and closes below the red line.
Have a Peaceful Trading!
Sorry BTC, but that, is Out of Bounds.==========================================
BTC/USD CoinBase, WEEKLY Chart.
EMA 21 = Orange
Green = SMA 50
Yellow = SMA 100
Green Rectangle = Best case scenario trading range.
Purple = Great value for DCA.
==========================================
BTC appears to have broke it's immediate uptrend and broken below the Weekly EMA 21. There is little chance the bulls close above it, but if they do, they still need to retest the ATH and possibly challenge the previous trend line.
While there is a chance, based on the US Feds wanting to taper faster and sooner, and the US stock market has barely begun to pull back, I doubt it happens.
I give the bullish scenario a 2% chance of happening. If this were the case, I might personally take some profits just around 59,850 - 59,950 range to avoid having to hold for full losses if the super bullish scenario to break the previous all time high fails.
A bit more sensible approach might also include buys at 45,000.00 and 35,000.00. I might leave those open orders with the hope to have them filled, just to hold more BTC in the future.
Everything seems great, but there is one last tidbit... Any break of 28,000.00 would send a retest possibly of 18,000.00 to 20,000.00. If that risk sounds fine, do with this information what you will.
Additional indicators supporting bearish scenario are the Bearish divergences on both the RSI 14 and MACD. The Weekly MACD crossing into red territory. The RSI has not shown a V or any type of recovery, so there is still the oversold scenario and as you can imagine, if it's not oversold yet, how red can it look? Only with time can we be 100% certain.
With that said, None of this is financial advice and I have decided to return to chart purely to challenge myself and improve. I hope to release one update and possibly one trade idea each week going forward. Do with this information what you will.
Good Luck to everyone out there and may your chart moon more than Luna.
EURUSD Weekly timeframe analysisPicture of one of my analysis is on the bottom-left. I think the pair will continue path number 2!
The green line in the chart is High of highest volume candle and it is a great support now!
As you can see price reacted to that level and a potential bullish channel is about to be created!
The short term ascending trend-line is broken and after a reversal and a retest, that may last between 2 to 5 weeks, we will see the price will continue it's way to top of descending channels.
There might be sever fights between bulls and bears around top line of red channel.
Feel free to comment and take a look to my related idea.
XMR/BTC long-term resistance flipped support and double bottomAs you can see, the resistance levels of 2015/2016 have turned into support in 2021. Then, throughout all of 2021, it formed a huge double bottom right on that support. The higher the timeframe on these kinds of moves, the more accurate they turn out to be. Considering we had a big green daily candle yesterday, I'd say it's very likely that this was the bottom and we go up big time from here. As I mentioned in my other post, targets range from 67000 sats (~$300 - 350) all the way up to 500000 sats (~$2000 - 4000+ depending on where BTC is at that time). XMR is generally pretty stable so it should be an easy hodl. We're just waiting to see if the 4 year long downtrend finally reverses here. There's no guarantees, but if that trend finally reverses it's going to be wild.
$CLX long-term buy! (4/5)Conviction: 4/5
Entry is not idea, could have better entry point if price goes down to retest support.
Main thesis
Bounced off long-term (1991) channel bottom in December
Bounced off 50M-MAas well
RSI-M also bounced off historical lows, although not levels with highest certainty
Confirmed breakthrough from downward resistance line last week
Touching lower bound of channel (2016)
Misc Info
P/S level of 3ish is high relative to historical levels, however much lower than some other tech companies...
P/S level of 3 is about the same as S&P 500
Healthcare ( AMEX:XLV ) looks good compared to AMEX:SPY , could carry this up as well
Potential Risks
RSI-W is heating up, although does not preclude from uptrend in medium term (about a year)
Just broke through (with confirmed close) last week from downtrend resistance line
Quick ratio is deteriorating from mid 2021
General markets are very expensive, and we all know correlation goes to 1 in selloff.
Revenue growth is negative ... likely as people become less sensitive to COVID?