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M-pattern

Is this a good time to buy RIOT ? LONGRIOT has had a downfall in the past month on the 1H chart. The crypto market had a resurgence and is now in the dog days of crypto summer. The MACD shows some bullish divergence. The volume profile shows most of the buying was in the 16-17 range. RIOT is far below that with relative volume voids in any movement back to that level. I see this as a long trade setup with 30-40% upside on the stock and much more in a one or two month call contract. If you would like to know my parameters on a long stock trade or call options please leave a comment. ( please also see my BTBT post, like and subscribe).
NASDAQ:RIOTLong
by AwesomeAvani
5
Microsoft -> A Long Term Double Top?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Microsoft💪 On the monthly timeframe you can see that Microsoft stock once again retested the previous all time high at the $340 level and once again rejected it towards the downside. You can also see that after the recent retracement on Microsoft, MSFT stock is approaching previous structure at the $320 level from which we could see a short term bullish bounce. And last but not least I am just waiting for the daily timeframe to shift back to a bullish market before I then do expect a short term rejection away from the daily and weekly support area. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:MSFTLong
by basictradingtv
30
🔥 KuCoin Token 2-Year Falling Wedge: Patience!If you enjoy this analysis, please give it a like and a follow. KCS has been falling since late 2021. The token held up fine initially, but the real pain started after April 2022 where it started trading a lot weaker compared to Bitcoin and BNB. This prolonged period of bearishness and relative weakness has most likely to do with drying up volume on all exchanges, small exchanges especially. Nevertheless, there might be a light at the end of this dark tunnel. Falling wedges are classically bullish reversal patterns, so we are looking for a break out in the next few months. KCS is not ready for a break out yet. I think we still have to trade within this pattern for a couple of months before a real break out can happen. Will come back to this trade by then. For now, I think we can (in the long-term) move back to the all-time high around 28$. This, combined with a stop below the pattern's support will lead to a great risk-reward trade.
Long
by FieryTrading
18
EURUSD Trade Recap 11th August 2023Breakeven taken on EURUSD last Friday, very happy with the management. Full explanation in the recap. 🧠Emotional Log --- **Pre-Trade** I understand all the confluences within my thesis, I accept this risk as I know if it is a loss I clearly understand exactly why I took to the trade. My stop is protected and if price takes me out there is a chance it is forming something else anyway. Do not be greedy, but also do not hesitate. These are the trades I must allow myself to take. **During Trade** My stop is protected, allow price to do its thing. My entry is valid, and I understand structure over candlesticks. I utilised the timeframes as best I could, working from the 1H structure filtering down to the 15M without jumping in. Do not choke the trade, mini 90% rule is in play so let price do its thing. **Post-Trade** I understand that price created a mini scoop for a much sharper entry, however, how can we guarantee this will always happen. My entry was valid, and stop was protected, I understood the 90% rule kicking in and managed risk accordingly to price action on the 1H. Nothing more I could have done in this situation and capital was protected.
by JordanWillson
GBPAUD long bias monthly perspective from daily charthi, there is an uptrend on this asset. price swinging upper 0.61 fib extension level, thats nice cuz price now above the 0.61 fibonacci retracement of 3 years. thats sense bulls are on control. i think price will range at upper level at august which 1.95-2.00. if needs a demand i think the changed 1.9 level is will be work as key. it has a nice bullish candle from price. high volume level of the trend inside of trend is at 1.9 level. i ll looking for gbpaud's bullish signal this month.
Long
by firatbicer
GBPCHF FORECAST Right now market is in support zone and trying to pull back from support zone from few days market moving in a rectangle zone i.e If market successfully pullback from support zone then we can expect a upward trend following rectantangle zone till 1.15141 if it brake the resisrtance then market will again move upward direction and price will come nearest to major resistance If market fails to pullback from here then the price can go downward direction and try hold at support .if price break this support also then then the market start changin his move and moving downward direction sharply and we can expect a bearish market here and most probably market will reach nearest to major support and try to hold here or market will pullback rapidly due mojor support
by yusufff04