$COTI TO $1 SOON!!!!!!!!With a good understanding of its use case and a market cap under $600M. Coti's potentials have been undermined. It has formed the Cup and handle bullish continuation pattern with over 46% in view. it's riding to break and retest resistance while on the bulls to $1+.
My view what's yours?.... NFA and DYOR📍
Marketanalysis
#TSLA Tesla - What's next?Elon Musk is looking to sell a portion of his Tesla stock. So what will the stock look like for the upcoming days - months.
I took the prior fractal and matched it with the current market price. TSLA gets back into the channel it has been in since early 2020.
Yahoo Finance Article: finance.yahoo.com
CNBC Article: www.cnbc.com
What are your thoughts? Comment below, hit the like and follow me. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #tesla #tsla #bitcoin #doge
Market Re-cap & AnalysisHere i give you a break down of 4 trades that I took during last week
-EURAUD / Long
-EURUSD / Long
-GBPUSD / Long
and EURJPY / Long that i am currently still in
Currently down NET 0.5% for the week so not to bad, hoping the market can give us some entries for next week as there are a few pairs that look great to trade
List for next week is
USDCAD
XXX?JPY / Most of the JPY pairs are looking great for longs just need a bit more development in the market. So lets wait and see what the markets have in store for us next week.
Have a great weekend and a great trading week for next week
Any questions feel free to ask and i will get back to you as soon as i can
Take Care
Ben
GBP/USD Analysis - Simple Supply & DemandLooking at GBP/USD on the 4H timeframe, it's evident that its been producing bearish structure since Feb.
I have drawn out both a Supply and Demand zone on my chart as I believe now price has tapped into supply we will now see the next impulse down.
I would like to see price come down to the previous level of demand, but before then and before I place a short position on this pair i'll need more confirmation.
This will include a break below the neckline drawn out in yellow, once that's happened I'll look for confirmation of a continuation in the bearish impulse down.
This will be done by looking at the charts through lower timeframes and waiting for confirmation via candlestick patterns.
BTC.D AnalysisBTC.D Analysis. :BTC:
**some notes that don't fit on the chart: **
bottoming before blow off top has taken longer this run. (end of bottoming was breach of 20ma)
- arrows and patterns drawn are a little edited as I don't think we will see the same % moves but similar areas of resistances/supports. 📈
- yes I do believe BTC.D will fall under 35% (All time bottom) as now there are more alts/stablecoins. :USDT: :ETH:
- as we can see from the chart, we get 2 weeks of alt catch up before the blow off top weeks. Catch some good ALTs just before. Ride the waves!🌊
- timelines will most likely change but this gives us a good idea as to the type of price action we will see. BTC up, alts catch up later. repeat 🎮
- top still feels like it should be release of the ETFs so will monitor for the announcement of that date. That will give us another idea of blow off top timeline ⏲️
TEZOS UP 20% WITHIN DAYSTezos has break a resistance of descending channel perfectly matching a handle in a cup and handle formation (only broken by the China crackdown news just to re-enter the channel). Already confirmed WAVES 1,2,3 of an 12345 ELLIOT WAVE with retracements and corrections matching the expected FIB levels.
A minor correction is expected ( WAVE 4) to be followed by the final ascending wave 5.. (100% fib)
OPEN POSITION @ 7.75
STOP LOSSES @ 6.85
TAKE PROFITE @ 9.00
We ve been tracking this coin a long time and it is one of the most promising coins out there due to technicalities and marketing.
This is not a financial advise, just my oppinion
EURJPYOn the EURJPY, 4H tf, there is an OB on the left where by the market just made a downfall. It may or may not hold, but will wait and see how the market will react to the OB.
I'm not a financial advisor, I'm just learning like everybody else. Take risk based on your own MM, as every strategy is not perfect.
If you have any other idea based on EURJPY trade, do drop a comment below. It's great to have a discussion on how market price moves.
AUDJPYAs a SMC trader/learner, I've spotted an OB for a short trade on AUDJPY, 4h tf. Lets see how the market will react to the OB, will be risking just 1% for this trade.
I'm not a financial advisor please take risk based on your own mm.
If you have any idea based on AUDJPY, do drop a comment and let's discuss it. Sharing ideas is a great way to broaden our way of seeing the market.
GBPJPYGBPJPY seems to have an OB on the left on the 4H tf, as a SMC learner/trader, I'll probably just risk 1% of my trading account as in this scenario its against the trend, won't risk much on this trade. Lets see how the market will react to the OB.
I'm not a financial advisor, please risk based on your own mm.
CADJPYAs a SMC trader(still learning), there might be an opportunity for CADJPY to fall in this week. There is a 1 H OB on the left and it had created an area of imbalance. Let's see if the market will drop this week on CadJpy. I'm not your financial advisor please take risk based on your own MM, I'm just sharing my analysis.
XRP plan for this altseasonI just want to share you my thoughts about XRP/BTC ratio. If you want to consider a lot importance XRP vs. Bitcoin. You wil need to know this information that a small group of crypto-enthusiastic know this secret. between XRP and Bitcoin.
So, I have 2 targets: 0.000051 BTC and 0.00009 BTC where I believe that XRP will reach it. Depending how much XRP do you hold?, it's important the future value in Bitcoin if you hold XRP.
For example: XRP worth now 0.000021 BTC
If you hold 3,000 XRP coins, and if you want to sell your XRP at 0.00009 BTC, your potential profit in Bitcoin it's 0.27 BTC, but all depend if XRP could to reach 0.00009 BTC. So, 0.27 BTC it's very good profit. And use can to make this Bitcoin to re-buy more XRP in the future.
For reference, you can to apply others analytical data like XRP Dominance if you want to know this other secret that I use personally.
Total Crypto Market CapThe total cap is also trading between the support and resistance. So far Total marketcap is holding the major support. This is key level for the market and if $1.7 trillion support broken then we see huge sell-off. Also BTC is holding $40,000 so far. Market will turn bullish after total marketcap hold above $2 trillion.
US Market Technicals Ahead (27 September – 1 October 2021)Expect markets to remain at last week’s levels of raised volatility for the final week of the third quarter with investors keeping an eye on fresh economic data for the US including the ISM Manufacturing PMI and PCE inflation. Fed Chair Powell will also testify on Coronavirus and CARES Act before the Senate and lawmakers will try to pass a funding plan to avoid a government shutdown on October 1st.
The Evergrande limbo is set to continue as markets expect an update on interest payment for a dollar-denominated bond and hope a default could be avoided. The 2-days ECB Forum on Central Banking will be keenly watched for more clues on the monetary policy outlook and traders will also pay attention to the outcome of the German federal election.
Here’s what you need to know to start your week.
EOSUSDT BULLISH SIGNAL UPDATE!!As you all know, EOS is not performing well from last 2 weeks and according to the Chart patterns, Ascending Channel is formed, Breakout formation is also nearly there and also indicators giving bullish signal.
MID-Term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
HOLD TIME 3-5 Weeks
Happy Trading :)
Good Luck!
If you like my idea, please support:
Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
BTC Minor Short trend is comingThe chart is self-explaining and I think the BTC Price would reach the 42K and 40K and then there comes the critical moment of whether the bulls would enter and carry the price up or just give up the market to the bears and let them push the price below 40K which makes me completely Bearish on BTC after we break the 40K. Just try to be careful and don't trade hastily.
The S&P Bullish trend is still ActiveHello everyone, as we all know the market action discounts everything :)
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The Bullish trend that started in November where the SPX index started moving up in an Ascending Channel is not stopping yet. The trend is still giving Bullish signals where we kept getting higher highs and higher lows.
The S&P 500 index booked fresh record closes on Thursday, despite falling from the session’s best levels, ahead of a highly anticipated August employment report on Friday.
The index price is still not showing any signs of weakness and most likely the Index movement for the next period of time will be like this :
If we look at the chart and where the market is right now we see that every time the SPX hit the upper end of the Ascending channel it always dropped into the middle range of the Channel, We probably won't see a big Bullish breakout in the Index right now, so the price most likely will be dropping this week a bit and it will be headed near the first support line at 4474.64 and if the Bears were able to gain more control then it could reach the second support at 4439.92 where the major Bull power will be and where the bounce back up will happen that would get the index above the resistance zone between 4528.74 - 4548.12.
Technical indicators are showing this :
The S&P 500 index is trending above the 5 10 20 50 100 and 200 MA and EMA ( Bullish Sign)
The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between The MACD line and The Signal line.
The STOCH indicator is in the overbought zone, With a positive crossover between %K (95.00) and %D (92.84). *The overbought zone indicates that the price might drop down.
The Ultimate Oscillator is at 79.95 sitting in the overbought zone. The overbought zone indicates that the price might drop down.
Support & Resistance points :
Support/Resistance
1) 4474.64 1) 4528.74
2) 4439.92 2) 4548.12
3) 4420.54 3) 4582.84
Fundamental point of view :
On Thursday, the S&P 500 rose to records on the back of better-than-expected jobless claims data. The initial filings for unemployment insurance fell to their lowest levels since March 2020.
The Labor Department reported first-time jobless claims totaled 340,000 for the week ended Aug. 28, compared with the 345,000 estimate.
The S&P 500 climbed 0.3%, hitting its 54th record closing high of 2021.
Investors are now looking ahead to August’s nonfarm payrolls report — released Friday morning — which could give clues about how fast the Federal Reserve will remove easy monetary policy. Economists polled by Dow Jones expect 720,000 jobs were added in the month, down from 943,000 jobs added in July. The unemployment rate is expected to dip to 5.2%, compared to 5.4% in July. According to CNBC Markets
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Bullish Stock TIRUMALCHEM looks good on the chart. With a RSI below 40, and a complete cup formation, the stock can reach upto the levels of 238-240 and give good returns in the short run. Also the stock has the potential to fly more in the long run. It could break the resistance of more than three years (around 240), and go above. The financials of the company is too good. With its peg ratio below 1, decreasing debt and borrowings, increasing sales and investments even in the middle of pandemic, the company gives close to nil red flags.