BABA stock is breaking out the down trend channelIn my personal opinion I am very Bullish in NYSE:BABA stock for many reasons
The Main reason is the financial Numbers are very good and it is considered
one of the cheapest stocks in the World now So it is a good chance to buy more
shares with such low price
In TA view it has already broke out the Parallel Down trend channel on an Important Support zone On daily time frame
and it has retested the support zone and price started to go up.
My Entry zone is between 89 - 92 and the mid term ( 4-8 months ) target is 135
What Do you think about NYSE:BABA in the coming days
Mid-term
EURUSD: The heavy shadow of China's protests is on the markets!If China's protests continue, any economic restrictions or sanctions for China can be fatal for Aussie and the Euro.
Also considering the weekly chart we are around a strong resistance! I like to be more prudent taking long around the level
Just a possibility on Bitcoin! Have a look at my Elliot wave analyze, this small triangle is more probable. I expect price goes to 37500 and an small bullish move to 44000. As still haven't finish wave 4 we need to trade very carefully. I have updated last analyze. I am holding all my Long position and I am adding more margin to my long position at 38050. this means, in my opinion in mid-term still we have a bullish move to about 50000 dollars , in case price can be low till 34000 dollars before touching 50000. which will be a good opportunity to add more margin for long.
This analyze will be wrong if 34000 breaks.
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
Is Luna approaching a new rising wedge?Luna after her first run in September continued towards an uphill path forming a rising wedge which led to an expected negative breakout in mid-November , a fall that bounced back to .61 Fibonacci from the first run.
Now we are facing a Luna that even after its second run does not hint at a retracement , continuing to have new Higher Highs , could we therefore find ourselves facing a new rising wedge?
In the event that the chart continues inside a rising wedge, we can expect a negative breakout between January / February that should bring the price of Luna to the 0.61 Fibonacci area , therefore around $ 55.
Excellent point for a strategic entry.
What could we face if it breaks the current pattern?
XEM For LONG/MID RoadmapNem Token Xem Roadmap
NEM (New Economy Movement) is an ecosystem of platforms that use blockchain and cryptography to provide solutions for businesses and individuals. XEM is the native cryptocurrency of NEM’s NIS1 public blockchain.
EURCAD For buy Mid-termThe EUR CAD pair has completed the formation of the positive Harmonic Butterfly pattern with a daily interval, as the correction of point D reached the maximum possible percentage of the BC leg at 261.8%
Accordingly, it is possible to enter into buying positions from the potential reversal zone (PRZ.2) from levels (1.4320: 1.4370) after the pair fell from the area (PRZ.1), where the correction of point D of the BC leg at 161.8%
Then we target 1.4530 as a first target at the 38.2% correction of the CD leg, and with the breach we target the 1.4790 level as a second target at the 61.8% correction
While the daily closing below 1.420 is a stop loss and failure for the pattern.
Movr - Great buying opportunityMoonriver is currently one of the most successful Polkadot parachains that has good power to win the parachain competition.
Movr was recently listed on Binance.
In about 2 weeks, it has processed more than 5 million transactions .
It's now in a good position to buy and hold (Mid-term).
NOTE:
Bitcoin is kinda dangerous. It's better to consider the possibility of a deeper price correction or a rapid increase in market dominance 👉 Be Careful
HEX 2023, 9006% - long term analysisThis is Hex, a eth token that will back on the 3 top coins soon and will take it's position back from BNB. but why i analysed it in long term? there are reasons:
1- First is in short to mid term, it will jump to it's ATH, as you can see in MACD and RSI it's in the dip and bearish trend ends here, then try to buy it now. I think you can stake it too in HEX.COM, if you are not a trader.
2- This coin is a first COD algorithm token and will have some new tech that is called Pulsechain! try to search and learn what is it.
3- Hex will have a price from 1.4$ to 2$ in 2023. it is 9000% profit from now! so if you plus it with pulsechain tech then wow this will be very interesting project.
#BTCUSDT will go to 30K in mid termThis is just an idea ! Do not panic. It may be true, it may not be true.
Bitcoin can see 30K again and then move towards high targets like 100K.
In my opinion, it is not possible to achieve stable high prices without seeing low prices again.
Note : 28K-30K is the most important support zone.