RAD Rite Aid Bull Flag consolidation RAD recently popped in a big way and on the 2H chart is now settled in consolidation
about 67% above the prior base. That is to say, it is in a horizontal channel awaiting
further volume and direction from traders. The bias is for a bullish breakout of
continuation and momentum. Potentially RAD could rise the height of the flag pole
but this seems unlikely given the current general market. the dual RS indicator shows
support at the 50 level a good sign the retracement is over, The MACD lines are dancing
around under the histogram. I am putting this on watch. If RAD goes over the top of the
channel I will go long. If it goes under the channel I will go short. I could do both and hedge
but that is complicated and with more risk. The stop loss is outside the opposite side
of the channel. My target is a more up or down about 50% of the completed move represented
by the flagpole. I consider RAD a mem stock with a potential short squeeze in process.
Buckle up and drive safely. DYODD.
MEME
HarryPotterObamaSonic10Inu: Beyond Memes, A Cosmic InvestmentIn the ever-evolving landscape of cryptocurrencies, a new contender has emerged that's captivating the imagination of investors and enthusiasts alike: HarryPotterObamaSonic10Inu. This unique token, characterized by its amalgamation of beloved pop culture icons and an intriguing cosmic narrative, is positioned to challenge the supremacy of the legendary Dogecoin.
Why HarryPotterObamaSonic10Inu is Poised to Surpass Dogecoin:
Narrative Depth: Unlike Dogecoin, which originated as a playful meme, HarryPotterObamaSonic10Inu brings a deeper narrative to the table. With elements drawn from the magical world of Harry Potter, the speedy escapades of Sonic the Hedgehog, and even the involvement of former President Barack Obama, the token weaves a storyline that resonates with a diverse audience.
Meaningful Symbolism: The token's reference to a "Quest of Hallows," cosmic tenets, and intricate connections suggests a purpose beyond speculation. This symbolism appeals to those seeking a deeper significance in their investments, setting HarryPotterObamaSonic10Inu apart from Dogecoin's more straightforward appeal.
Artistic Fusion: The token's fusion of art, culture, and finance elevates it beyond a mere financial instrument. This blend creates a vibrant ecosystem where creativity and investment intersect, enticing both investors and art enthusiasts.
The Best Meme-Crypto Yet:
HarryPotterObamaSonic10Inu not only capitalizes on the meme-driven nature of certain cryptocurrencies but also transcends it. Its multi-faceted narrative, recognition of iconic figures, and exploration of cosmic themes make it not just another meme token, but a holistic investment with potential far beyond the trend of the moment.
🔥 PEPE Falling Wedge: Patience For Break OutAfter topping around 190, PEPE has been trading bearish for nearly a month. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so we're going to wait for a bullish break out of the pattern.
My expectation is that we're still going down. The 115 area seems like a decent area for a potential bounce from the wedge's support. Once we've broken out, stop below the wedge, target at 190.
TUP the newest meme fundamentally dead LONGTUP on the 30-minute chart has some decent technicals. Based on anchored
VWAPs one set for 8/1 and another 8/3, TUP has pulled back into solid support
at the two mean VWAP lines. Volume has been steady. It is in the middle of the
fair value zone and under the POC line of the volume profile. Analysis of that
profile is that price should seek the POC as if a magnet. there is could be
pushed up or repelled down depending of the relativity of the dynamic of
buying and selling pressures interplay in that zone. I see TUP as having 20% upside
for sure on the retracement of the trend down. An additional leg up and over the
POC line is possible or even probable but not a certainty.
GME fell. Can it get back up? GME on the one hour chart fell over a week from July 27 until earlier today.
The fall has heavy selling volume this morning followed by a flip at the lunch
session into buying solume above the running mean. Similar findings are on
the volatility indicator. The MACD has a cross under the the histogram as
price momentum shifted from bearish to bullish. Price has crossed over one of the
lower VWAPs in early vWAP uptrending.
Overall, I see this as a long setup. With the market drop today, the volatility gryration
tomorrow is a likely reversion to the mean. This should lend support to the
reversal on GME. My target is the green POC line of the volume profile at 21.18
with a stop loss of 20.25. Once underway with the stock trade if good movement is seen
I will take an options contract or two with one day to expiration.
THE RETURN OF VGX TO $1 - THE UNEXPECTED INCREASEA technical view of this coin shows exciting patterns for the coming time.
This coin has been since 10 JUN 2023 on the cycle trend.
And at 12 JULE 2023 did this coin confirm the cycle.
We have seen in the last few days that this coin on a small time frame showing a small recovery, but the big picture is still in green view.
This update depends fully on the technical side of the coin.
Possibilities
Low time frame support is between $0,155 $0,16
If this coin can hold the important support of $0,12, we expect with time a new breakout that can get this coin up $0,28 with the possibility to target $1 in the coming time.
It's a coin where most will not expect volume, but at the same time from a technical view, it can show unexpected volume in the coming time.
Before Closing this idea, this idea is a technical view and not trading advice.
🔥 DOGE Breaking Out Of A 2-Year Downtrend - Twitter Hype!Last week I made an analysis on DOGE and the fact it was about to break through a 2-year downtrend. As of recently, DOGE has finally broken out, helped by Twitter's highly anticipated payment system.
The hype is mainly based on Musk's earlier comments that he wishes to make Twitter part of the global financial system and that he sees DOGE tokens as a way to make financial transactions with.
IF DOGE will be announced to be part of Twitter's financial system, we can expect the demand for DOGE tokens to soar to new all-time highs.
Exciting times for DOGE investors.
🔥 PEPE Oversold Bounce From Support: Great Risk Reward!PEPE has been trading horizontally for almost a month at this point. In that time, buying from hourly oversold areas has been proven to be very profitable.
As of this morning, PEPE has successfully bounced from the diagonal purple support line whilst being hourly oversold. These two in conjunction make it more likely for the reversal to play out.
Target at the monthly highs, stop just below the swing low.
$POGAI - SWING LONGAREA OF INT is met with a tight stop, I have a massive short position to hedge this, keep a nice stop since a breakdown of this level will be volatile in my opinion.
🚀GRIMACE to the MarsTake a closer look at $GRIMACE right now
Short-term local forecast
This trading idea is based on a commonly observed behavior of meme coins. After an initial surge, the coin tends to consolidate for a few weeks, undergoing redistribution and position accumulation. Here are some arguments in favor of the asset's potential growth towards the first target ($10):
After trading in a deep discount zone, significant players start accumulating positions. We can observe a gradual reduction in local liquidity from decreasing lows.
Referring to the basics of technical analysis:
A Wyckoff pattern is apparent, with an UpThrust (UT) observed - a liquidity shakeout from the previous high. This forms new liquidity for further growth. Next, it is necessary to test the support in the form of an OB (Overbought) area. Here, a Spring will be formed - a local liquidity shakeout before mark-up. It is characterized by lower volumes, and the decrease to the specified values may take some time.
Local reverse bull divergence and direct bear divergence in local highs indicate buyer weakness, providing another argument in favor of a short-term asset devaluation.
🔥 PEPE Waiting For Bullish Break Out: Great Reward PotentialOver the last couple of weeks I've made several PEPE analyses where I discussed a potential reversal of the trend. In the end it became clear that PEPE had to go lower first before a prolonged change of trend.
Still, I kept a close eye on the diagonal purple resistance line. At some point PEPE has to break through it, which can potentially kick off a major bullish correction after weeks of selling.
In case of a break out, the 200 area is still the target like before. SL around 93, could also be 82 for a less risky approach.
#10000LADYS/USDT 4h (#Bybit) Falling wedge breakout and retestMilady Meme Coin printed a bullish hammer and bounced back, looks ready for short-term recovery towards 100EMA.
⚡️⚡️ #10000LADYS/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.15X)
Amount: 5.0%
Current Price:
0.0002215
Entry Zone:
0.0002220 - 0.0001920
Take-Profit Targets:
1) 0.0002940
2) 0.0003590
3) 0.0004245
Stop Targets:
1) 0.0001345
Published By: @Zblaba
$LADYS #10000LADYSUSDT #LADYS #Milady #Meme
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.3% | +84.4% | +120.8%
Possible Loss= -40.3%
Estimated Gaintime= 1-2 weeks
milady.gg
Meme Coins VS Web 3.0 Cryptocurrencies !I'm writing this article during the crypto selloff, almost as a joke, taking inspiration from the story of a trader who purchased a cryptocurrency known as SAFEMOON, basically a shitcoin:
After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million.
What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then.
So he made $47.5 million with only $2.5 thousand invested, and now the project is dead!
I remember this SHIB signal back in the days:
I still consider it worthless, even if i bought it back then.
I don't see any difference between SHIB, SAFEMOON, FLOKI, KEKE, and other crypto projects that are solely based on a community rather than focusing on developing the infrastructure of Web 3.0, similar to larger projects.
There`s no intrinsic value in any of those.
But opportunities will come!
PEPE Coin | A Whale Sold PEPE at 52% Loss !A substantial loss was incurred by a whale who sold over 400 billion PEPE tokens at a 52% loss. The sale involved the transaction of 468.5 billion PEPE tokens, in exchange for 109 ETH valued at $190,000 and 237.5 thousand USDT.
The unfortunate outcome of this transaction left the whale with a significant loss. On May 9, the whale withdrew approximately $890,000 worth of PEPE tokens from the KuCoin exchange.
In my view, there appears to be a significant downward trajectory ahead.
Looking forward to read your opinion about it.
🔥 NEO Looks Like Reversal: Double Bottom + Bullish DivergenceNEO is currently bouncing from a strong area of support, purple, whilst it also showed bullish divergence on the RSI.
Theoretically, this must be very bullish. With the stock market reversing and BTC seeming trading neutral, it might be time for alts to shine.
Looking for an entry around 9.21 and a stop below the most recent local low. Target at the May high.
🔥 PEPE Leaving Oversold Area: Is This The Bottom?In my most recent PEPE analysis I argued that it was likely that PEPE was forming some kind of bottom. The initial trade hit SL due to it being a bit too tight. However, the second trade is still in profit and is currently looking great.
For the people who missed the last entry, a new entry signal has emerged.
- PEPE is leaving the oversold (<30) area on the daily RSI.
- PEPE has formed a higher-low on the 4H time frame.
Entry placed at 114, which is yesterday's local top. SL under the swing low, around 104. Target still remains at 200.
🔥 PEPE Double Bottom Trade With High Potential RewardPEPE has been declining for nearly a month now. One would think that a highly anticipated token of this magnitude will bottom out at some point.
This trade is based on the idea that PEPE will retest the fear bottom of 105, which will hold and cause a big bounce towards the 200 region, like it did immediately after the fear dump on 12-05.
Keeping a tight stop at 99 to keep a very decent risk-reward of almost 16.
Meme Coin Double BottomKEKE is a meme coin (the euphemism for shitcoin) similar to the new wave of no intrinsic value coins like PEPE, DINO and LADYS.
They don`t produce any value in the crypto space, just speculation and FOMO from crypto degens. SHIB and DOGE are in the same category, just that they launched before memecoins were a thing.
KEK KEKE market cap is lower than $2Million right now.
Chart looks like a double bottom, don`t know who is still selling at this valuation.
Could go to $0, is worthless anyway, or make a 10X at some point.
Trade carefully!
Pepe Memecoin will Retest a New Low on Binance PEPEUSDTPEPE has recently experienced a bearish breakout below the support level, marked by the recent lows on the PEPE/USDT pair on Binance. This breakout is expected to continue, resulting in further downside movement and a potential retest of new lows. According to the Fibonacci levels, the 1.618% extension is identified at $0.0000004, which is believed to be a possible target for the price to test.
AIBB: BREAKOUT VIEW 3xAIBB is a coin that we can see in the format of pepe, this idea is based on the Technical side of this coin.
It seems that there is a good possibility this coin can break out in the coming time.
This study was made on the big side by TA.
Know that investing in meme coins can be risky, and do always your study.