Net
NET - 16.90% Potential Profit - Uptrend Corridor BounceSupport bounce in an Uptrend Corridor.
It might be a short-term trade (potentially intraday), depending on price action.
- 5-month uptrend
- RSI and STOCH well above 50 on the 5min
- MACD well above Signal on the 5min
Suggested Entry $39.14
Suggested Stop Loss $37.48
Target price $46.58
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
EDIT: Changed Entry / Stop Losses
Pattern still expecting a $35 Net TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, for the CloudFlare target, I am sitll expecting an imminent threshold crossing of $35. Given that the market is expected to have some negative potential tomorrow and the Dow drop today though, I would wait a few days probably for a higher profit ratio turnover as a short.
NET's Continued Rally: Actual $35 Short PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into some key points. CloudFlare looks like it is having a positive rally, and the current bullish run seems to be a better retracement from its last, I expect a $35 price target quite soon, and perhaps I will be right again on CloudFlare as I was previously. I was bullish previously, and we all know what I expect once it passes the $35 threshold.
CloudFlare went up 7.15%+ in one day!First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. For Cloudflare I did an entry yesterday at 27.89, and then a sale at $30.15, in paper trading. It looks like it is having some really nice long potential, and I think it may even have some small dips here and then. The next threshold is crossing the $35 price for resistance. Than it has a long potential of a $45 to $50 price target.
Tron (TRX) Cup and Handle Formation, main net launch in >2 hours
Possible Cup and Handle Formation for TRX/BTC & TRX/ETH to go bullish.
There has been a sell-off before the main net launch today, possible bull market after cup and handle forms fully and the main net is launched. And for bonus POSSIBLE partner announcements including Alibaba.
Cryptos Could Suffer if FCC Kills Net Neutrality imagine if Internet service providers throttle access to cryptocurrency exchanges. Imagine if they let some investors buy faster services than others. It would lead to high-frequency trading, or what effectively amounts to a tax on investing in cryptocurrencies.
In short, the loss of net neutrality could derail the entire momentum of cryptocurrencies.
This is why we need solutions like Korvi by Monero and CT to be added to Bitcoin as well as additional layers to protect investors and the Internet at large from being throttled.
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