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Buying Opportunity: Cloudflare (NET)Chart analysis is showing that Cloudflare (NET) is trying to form a bottom at an important Fibonacci level. Currently, there is momentum to the downside on the daily chart and a gap to be closed at 46.38. It's therefore likely that with the downward momentum, NET will attempt to close this gap and then quickly rebound up to 59 as it will also try to maintain price at or above this level for the monthly close. The weekly charts are already showing bullish signs and the asset's underperformance relative to the S&P 500 has already slowed down, which virtually always occurs right before a reversal. The Wave Trend Oscillator by @LazyBear shows that momentum to the downside on the highest timeframes is already bottomed and will soon start to revert back to the upside. On the daily chart, Heikin Ashi candles and Fibonacci Bollinger Bands also show signs of a bottoming pattern forming. The daily RSI has been showing bullish divergence since May. Therefore entering NET at prices around the gap closure at 46.38 could be a great risk-reward entry for long-term investors. Although anything is possible, it's statistically unlikely that NET will make a full retracement and fall much lower than the gap closure. In the years to come, Cloudflare will likely go to the moon. Not financial advice.
NYSE:NETLong
by SpyMasterTrades
WAVES Makes Waves. Crypto's "Decoupling" ContinuesAfter Friday's "decoupling" event, the markets have mostly stayed flat (it feels like there's a lot of confusion and uncertainty in the market as a whole right now) with a few exceptions - WAVES seems to be the big winner today, followed by AXS (Axie Infinity) and ADA (Cardano). XTZ (Tezos) had a very good week this week but at least for today, it seems to be in the red. With altcoins normally moving in parallel to each other, these trends are interesting to look at because it seems like after Friday each coin seems to have suddenly gained independence as we start to see less and less parallel motion over time. Time will tell if this "decoupling" trend continues - but so far, it seems to be the case. By the way, if you invested in LUNA right at its rock-bottom a few days ago you would have made a 5.9 MILLION % return today. High risk, high reward. 😂 I don't recommend putting your life savings into bets like these but there is something to the idea of supporting a project during its struggles since that's often how investors make their biggest returns.
WLong
by RyanTanaka
3
IMX the corporate future of NFT's?Fundamentals: + NFT derivative exposure + Disney, Marvel and the ESL building on Immutable X. + Coinbase portfolio. + Ready to use API + Games such as Guild of Guardians and Illuvium currently partnered. - NFT and Gaming are novel markets within the crypto sphere. Still somewhat unrelated in a market populated by investors and not gamers or actual users. - Current Risk-Off environment unlikely to reward Risk-On/Start up tokens. Opinion: Downtrend could be breached and a TP for risk-reward seems appropriate. TP1 looks attractive. This is not intended or made to constitute any financial advice. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Long
by TheBitcoinGeneration
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *After a small crypto rally over the weekend, the crypto market took a dip on Monday while stocks generally were positive; this is still not a decoupling because the stock market is closed over the weekend while the crypto market is not. Both crypto and stock market sentiment are ranging in Extreme Fear levels... this is typically when you want to be buying if you have a longer investment horizon.* Recommended ratio: 53% ETH, 47% cash. Price is currently forming a weak Descending Triangle (because it can also be a Bull Flag) as it tests $1941 support for an eleventh consecutive session; this is mildly bearish if it gets rejected by the upper trendline of the triangle. Volume remains moderately low and is currently on track to break the two day streak of buyer dominance if it closes today in the red. Parabolic SAR flips bearish at $1749, this margin is neutral at the moment. RSI is currently trending down and testing 36.91 resistance; if it can bounce here then it would be bullish (next resistance is at 55.31). Stochastic remains bullish and is currently trending up at 96.71 as it approaches a test of max top. MACD remains bullish after crossing over in yesterday's session, it is currently trending up at -216 as it approaches a retest of the descending trendline from 04/04/22 at -206. ADX is trending down slightly at 48 after making a soft peak at 51 as Price is defending $1941 major support; this is mildly bullish at the moment. If Price is able to break out of the descending triangle and close above $2144, then it will likely retest $2408 minor resistance before potentially heading higher. However, if Price breaks down here, it will most likely be a significant downturn to $1426 support and potentially lower. Mental Stop Loss: (two consecutive closes below) $1941.
COINBASE:ETHUSD
by dailytaguy
RVN the phoenix will rise, but first it will make a nest. RVN is a fundamentally good token, PoW concensus (Very energy consuming!), NFT ready and a fork of the original bitcoin code. In many ways its Bitcoin + a small degree of privacy and full NFT capabaility. I believe this token will one day be worth a lot as decentralized miners are pushed out of bitcoin by more established players. I expect to be able to trade L1-TP1 multiple times and estimate an Ichimoku strategy to be the best to bot this asset for the foreseable future :) Looking ripe for that side ways trend after the Pampu : rockets :
Long
by TheBitcoinGeneration
4
Decentraland (MANA) Launches its Desktop Client. How is it?Decentraland recently released its beta version of the desktop client - how does it look in its current state? From egamers.io: "Players will now experience performance enhancement upgrades with cleaner graphics, faster processing speeds, and improved stability by adding the client’s option. The client is only available for Windows in beta, with the developers welcome any feedback while more operating systems will come shortly." egamers.io The client allows for faster processing speeds, lower loading times, and opens up bigger possibilities for content creators to do things on the metaverse in ways that were previously not possible on browser-based platforms.
Long
by RyanTanaka
Origin Protocol making a base for the 2nd wavecrab harmonic pattern: X=$17 A=$0.085 AB=0.38 XA BC=0.88 AB 0.78 BC=$0.438 0.88 BC=$0.524 1.6 BC=$1.95 2 BC=$3.87 0.78 XA=$5.48 2.24 BC=$5.96 0.88 XA=$9.32 2.6 BC=$11.74 1.13 XA=$34 3.6 BC=$70 1.41 XA=$150 4.23 BC=$214 1.6 XA=$453X=$17 A=$0.085 AB=0.38 XA BC=0.88 AB 0.78 BC=$0.438 0.88 BC=$0.524 1.6 BC=$1.95 2 BC=$3.87 0.78 XA=$5.48 2.24 BC=$5.96 0.88 XA=$9.32 2.6 BC=$11.74 1.13 XA=$34 3.6 BC=$70 1.41 XA=$150 4.23 BC=$214 1.6 XA=$453
Long
by HarmonicPitchforks
2