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LONG LRC - breakout of bullish flag - Low RIsk Entry Point LONG LRC - breakout of bullish flag - Low RIsk Entry Point // - Loopring is an open protocol for building high-performance, order book decentralized exchanges on Ethereum. Their goal is to enable the building of highly scalable exchanges without compromising Ethereum-level security guarantees through a zkRollup construction. Although blockchains inherently provide trustless trading, there are problems with building exchanges purely on-chain. Specifically, processing speed, throughput, and computation costs. Performing all exchange steps on-chain can be prohibitively expensive, or impossible to emulate centralized exchange speed and performance. For these reasons, Loopring has moved almost all data and computation off-chain but leverages zero-knowledge proofs to retain trust-minimized properties.
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by HodlTradeCrypto
Extremely important RSI MACD correlation for all to knowLearn the in’s and outs trading with RSI and MACD Most traders are thrown off with these two indicators when both in use when RSI is resting at or above/below overbought and oversold zones. This explanation will answer most of the similar questions I have been getting This is a 1 hour chart for NZDCAD. Looking at the RSI and MACD indicates a clear sell should play out. I have presented an example when that does not happen and how to avoid this. If MACD lines and signal lines have made their cross above or below the zero lines a trend is generally established. Often we will see MACD and signal lines make multiple up and down crosses while well above or below MACD 0 lines. This confirms a trend has continued with pullbacks. The way to determine the true future direction is to correlate the remaining hourly charts specifically the 2 hour chart. I think the 2 hour chart represent the most accurate trend play out. So as seen here on the 1 hour chart although the MACD and signal line crossed with RSI in overbought zone the two hour MACD chart represented a strong trend going up through MACD zero line and histogram bins confirming the trend is continuing up. The next step is to observe correction on the 2 hour chart. Once correction begins the 3 hour chart represents its trend continuation with MACD and signal line flowing up through the 0 line. Then the same observation with 4 hour chart. Ultimately this is how I determine when a longer term trend is going. Please ask questions and let me know what you think!
by Pika7993
4
PFE Pfizer GOING LOWERFrom the chart, there are 2 things that concern me : 1 - The bearish cross on the CMF (Chaikin Money Flow Indicator) Chaikin Money Flow (CMF) is a technical analysis indicator used to measure Money Flow Volume over a set period of time. Money Flow Volume is a metric used to measure the buying and selling pressure of a security for single period. CMF then sums Money Flow Volume over a user defined look-back period. Chaikin Money Flow's Value fluctuates between 1 and -1. CMF can be used as a way to further quantify changes in buying and selling pressure and can help to anticipate future changes and therefore trading opportunities. 2 - The market gaps There is still a gap at $34 and market gaps are usually filled. Not even to mention the huge gap that had just occurred after the news of a successful vaccine candidate. PFE has exhibited high volatility during the past few months and each high is always followed by a huge sell of. It's like PFE just can't get ahead. That being said, if you're looking to buy PFE (because viagra isn't going anywhere), I'd be counting on the market gap at $34 as an entry point. Please support me by hitting like, wishing you successful trading! Best Regards, Ev
NYSE:PFEShort
by BlockTechEv
ACB- Dead-cat bounceIn range-bound market, bottom reversal happens far less often than when the market is in the clear uptrend. However, if Aurora's monthly POC holds up, it's not hard not to see at least some relief bounce from the stock that's so beaten down. That being said, there are better marijuanas stocks out there. Aurora is only good for swing trade. Invest in MJ ETF for more conservative approach (Refer to the chart attached below) Proceed at your own risk. Allocate only the small % of your capital and set the tight stop loss. Not the financial advice
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by Libratus
RELIANCE seems oversold pre-earnings release. Great potentialReliance RSI has approached nearly the COVID bottom. It had bounced up over 1200pts when it reached these levels the last time. If buyers step in, we may see a new base being formed. The stock has been a favourite for investors so far as it's given short-term returns that midcaps & small-caps can only dream of. In fact, it was one of the fastest recoveries from COVID lows to an ATH. After breaching 2300, RELIANCE hasn't had enough steam to continue its rally despite several important supports. This may be due to the overly positive sentiment earlier. That combined with unfavourable news & uncertain business dircetion + no new exciting trigger, stock prices have come down ~10% from highs. But this also begs the question – is RIL forming a base? According to RSI, another 2000 retest may bring momentum to COVID selloff levels without any massive trigger or global selloff. This may make it a good low-risk pick as the stock seems fundamentally strong.
NSE:RELIANCELong
by MarketsWithKR
NVAX STOCKS DUMPED, DOWNTREND CONTINUESEarlier this year there was the question : How do you invest in Coronavirus vaccine stocks? Now, we have the answer : YOU DONT. Chart looking bleak, and the support lines are weak. This could be due to a few reasons: - Lack of MAINSTREAM updates - NVAX actually has no other vaccines - Market volatility due to covid and elections - Investors are seeking less riskier gains and getting out of stocks that do not look promising Other than the above, we have seen strange behavior with stocks of companies in the race. A few examples: PFE Pfizer stock not responding to numerous huge injections from government REGN Regeneron stocks hardly responding to Trump pimp GILD Gilead even FALLING after being the first company world wide to receive FDA approval for remdesivir as a treatment. AZN Astrazeneca in conjunction with Oxford has a trail candidate dead but stocks remain largely unaffected I think NVAX has potential in the long run, long term I remain bullish for the company fundamentally, but not for an investment choice right now. In fact I'd say that no vaccine stock is a good investment right now. The way the market reacts to news is too unpredictable and the future remains uncertain. Hit like if you found this insightful and helpful Thanks, Ev
NASDAQ:NVAX
by BlockTechEv
1
NVDA CORRECTION MORE BEARS TO COMENvidia is pulling back, no prominent reason or news article that could have caused this, that leaves the next possible scenarios: - NVDA was rated overvalued by many analysts and is now drawing back - Covid market volatility is causing unpredictable movements - Upcoming US elections, many worry about the China tension According to the chart we are close to the first possible support. However if that level doesn't hold, next support line is only around $485. Yahoo Finance estimates a -21% pullback as an overvalued stock. That leaves us at roughly 418. eToro estimates a low of $400. However, the long term outlook is still positive. Monitor these 4 indicators to look out for a trend reversal and buy the dip as low as you can. Hit like if you found this helpful. Thanks, Ev
NASDAQ:NVDA
by BlockTechEv
Betting on Draftkings : Oversold+signs of recovery $DKNGFA, - Market cap : 16BN. Global TAM : 70BN - Top rated app(4.8/5) - Currently in 7 states(12% of US population). 19 states with mobile legislation while ,majority are still being considered - iGaming CAGR New Jersey (2014-2018)- 25% - Products : Daily fantasy sports, Sportsbook,iGaming. - Building a great brand. -Personalized experience -History of track record = More data. - Michael Jordan as special advisor. GOAT - Habits picked up from Covid lockdown TA, - RSI oversold. 36. Rising up - Closed above downtrend on 4H - Short interest 23% Entry: 43 PT1:50.5 SL: 40.2 (6.5% max loss) Short term Swing Risks, - High volume during pullback - Hasn't closed above downtrend on daily
NASDAQ:DKNGLong
by ashainp
Cisco Momentum Trade on volume impetus (Range)Reasons for entering trade: LOCATION: Double bottom forming off of .618, not yet confirmed. Price currently between .618 and .786 from fib off of breakout and uptrend from 2017. MACD: Triple bullish Divergence (Market Structure in MACD) WILLY: Coming out of oversold (Market Structure in Willy) VOLUME: Green bar Impetus Notch in volume profile needs to be filled Huge gap needs price discovery At POC for support. Cons: No moving average convergence Would like to see price action form W at a little lower level between most recent .618 and .786 Fundamentally: Cisco is a leader in video conferencing, strong fundamentally against a backdrop of Covid isolation and quarantine. Unfortunately, lots of other very significant events happening in the US and globally that could disrupt and invalidate any TA. Trade: R/R 6.4:1 NASDAQ:CSCO Front run the double bottom formation and enter trade off of .618 @ $38.74. Set stop just below bottom of potential W formation at $37.44. Sell order at $45.79 for the whole position at a fill of the notch, a revisit to the gap, and a touch of volume high on volume profile. *Not trade advice, for entertainment purposes only. DYOR
NASDAQ:CSCOLong
by Cryptough
1