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LINKUSDT - trade the current dipHi guys, The situation for LINK is pretty much the same as the one we just commented on in the ETH idea. An uptrend channel, which in the case of LINK is very close to being broken to the downside. If it doesn't hold up, I will be looking at the zone around $20. I drew two possible scenarios this morning and by the looks of it, we are taking the "longer" one, which involves a deeper pullback. Both the RSI and VZO are now below or at their respective levels from the last two corrections. Regards
Long
by FutureBlockchain
SKLZ : PULLBACK / MOMENTUM TRADESkillz stock climbs as Stifel starts it with a Buy Jan. 12, 2021 10:48 AM ETSkillz Inc. (SKLZ)By: Kim Khan, SA News Editor Mobile gaming company Skillz (SKLZ, +6%) is climbing on a bullish call from Stifel that puts a Buy rating on the stock, with a price target of $28. "Given its unique and differentiated model, with several planned strategic initiatives, the business should enjoy significant growth + margin expansion over the next several years," Stifel analyst Drew Crum writes, according to Bloomberg. Skillz went public through a deal with blank-check company Flying Eagle Acquisition in September. "Instead of focusing on in-game ads, Skillz has a set of sticky developer tools like payments, marketing, and server hosting," Ishan Puri wrote on Seeking Alpha last month. "I believe these will eventually add additional gross profit and contribution margin to the business over time that is not accounted for today." Skillz is a well run gaming company that is mission driven and riding major tailwinds. It has well over $1.6 billion in gross marketplace volume and over 2 billion tournaments played per year. As a new generation emerges that is smartphone-first, I believe gaming and gambling are going to grow in big ways. Skillz is also successful at getting users back to the platform - the most common problem with gaming companies in general. It ranks above TikTok, Facebook (NASDAQ:FB), and other platforms in minutes played per day. I believe this bodes well for the general effectiveness of the platform. SOURCE : Flying Eagle: Great Long-Term Play, Dec. 7, 2020, Ishan Puri, SeekingAlpha seekingalpha.com
NYSE:SKLZ
by TradingMavericks
Volatility Measurement: Average True Range Hello, dear subscribers! The market volatility measurement is a very important for the trading strategies constructing. One of the most appropriate and effective way to do it is to use the Average True Range (ATR) indicator. How to calculate ATR? First of all we should receive True Range value and calculate it's moving average on 14 periods. The True Range is a maximum of three values: 1. High - Low 2. Absolute value of (High - Previous candle close) 3. Absolute value of (Low - Previous candle close) Thus, this indicator takes into account not only the current candle prices, also for the previous candle. How to use it? This indicator can't help to define the future price action direction but it can be very useful in combination with other indicators. The most appropriate way is to combine it with any oscillator. The oscillator will help you to identify the overbought and oversold conditions or bullish/bearish divergences, as a result you can define the direction of potential price move. The ATR will define the best entry point when the price on the minimum/maximum level. ATR is greatly triggered on huge pumps and dumps, as you can see on the chart after that price usually has a correction which can be used in your trades. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
BITSTAMP:BTCUSDEducation
by Skyrexio
ZIL Final Dip Before $0.05 & BeyondMy Fellow Crypto Traders, Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ---------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: ZIL appears to have formed a channel that has been well respected since late Nov. As the RSI reflects ZIL is extremely overbought, which we could get a slight pull-back to the 50EMA, and find some support. Therefore, a 50EMA bounce would coincide with the 382 fib level, which has been a relatively strong resistance level. Would definitely keep my eye on a re-test of the 382, and if it holds as support, could be a great entry point.
by AB_Trading-Intelligence
XMRUSDT nice breakout!🦐XMRUSDT nice breakout from daily resistance after tested a few times. We are waiting for a pullback the retest the previous resistance as support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
XLong
by InkyGrip
2
ORANGE ROOF BROKEN BEWARE - S&P500 - ES1! - 240MN - 4H#s&p500 #ES #ES1! #wait #downtrend #pullbacktrade The S&P500 have broken the roof. Remember the super squeeze on the daily chart (see related ideas section). But no, the price didn't fall off after that. Analysis: - The orange line was the previous super resistance, the roof. It has been broken, not with super volumes but it is significant enough to trace a new line. - The new line is the red horizontal line which also has been broken and the price of the S&P500 is still rising. - Remark how the up trending red line is following. It is thick because it is probably THE super support. But the angle, tells us that probability is very strong to see the market price fall rapidly after it has broken it. So beware at that line, it is the most important one. - The black line, horizontal, on the bottom, is probably a zone that you can call gravity center of the market price. The market price is far away from it. Then beware, the market can anytime decide to go surf around that price, It can be a super squeeze or just a slow down trend. Be always ready for anything to happen. - The paralleled red doted line is now possibly the resistance. What to do then? Wait until the price touch that red dotted line, probably, to catch any chances of a nice pullback down.
CME_MINI:ES1!Short
by Diallo_Charts_Ideas
4