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🚨🚨🚀$LUNC #LunaClassic Just Might Actually Make Its Comeback!KUCOIN:LUNCUSDT $LUNC has obviously been highly speculated on, by "gamblers" and "degens" in the crypto space. I, myself, have even DCA'd very small amounts into it over the past month. While this is, of course, is very possibly a short lived pump, $LUNC has actually made its higher high, above the previous swing-high. RSI's are also showing a strong rise in demand, which may be overheated. But with the higher high in place I do believe it is now safe to speculate (As long as the momentum isn't quickly lost, with a break of the current support-trend) that there may be some real relief in store for $LUNC holders, and ( possibly ) major profits for anyone who has been buying recently. IMO, if $LUNC can hold these price levels and momentum, then push above the second strong-resistance level (Around $0.00014) and hold that area as support, there could be a very strong rally coming here. ##*This is all my opinion, based on chart data. This is NOT financial advice.*
Long
by DoozerInvest
Dark Cloud Cover? Hello 3700. We've been hanging out in this area for about a month now it feels like. And based on what I said yesterday, looks like the market needs more time to decide which way to go. So let's think about some things. We are technically still in a bear market and this also has the feel of a bear rally. Why? The day the CPI report came out, we gapped lower and it looked like things were going to fall apart. But obviously we didn't. We got a huge bullish reversal candle. There were just no more sellers and it seemed they were all exhausted from the last few weeks of selling. So of course the buyers are gonna step in. But what happened the next day, did not convince me. The candle on the 14th was a "Dark Cloud Cover". We gapped up and had to come down to at least half way or more of the previous day candle. Which is also a signal to the down side. but we've continued higher. I've also noticed that the volume since the 13th has come down more each day. Another sign of a bear rally. 3800 is not out of the question because it can still make it's way up there and be a bear rally. So here we are flirting with the 20 day, waiting for the signal to advance for the next move. In all honesty, I don't think the 20 day wants nothing to do with us and we head lower. Next week we should have some action in the markets from all the big tech earnings. I jumped on a couple banks earnings calls last week and many are not painting a pretty economical outlook. IF, we get some reaction from earnings next week and the VIX makes it's way to 40-50 following all the earnings, we can get to 3400, 3200 worse case 2900? I'd say somewhere around the mid term elections we will reverse and head higher. Get our Santa Clause rally in December and end somewhere around 3600 for the end of the year. And who knows, we can move higher from here. Doesn't matter. Be patient. Trade the market in front of you, risk manage and position size accordingly. Happy trading!
SP:SPXShort
by MMOTA_
4
S&P - Where to nextPossible price action from the recent rally can end within the pitchfork due to the 50sma resistance level (green line in the middle) If that breaks and holds S&P could make a possible move to the up side to test the 200ema bringing it up to the 3865 price mark where it will need the bulls to bring everything they have to the party to breakout of the downward trend and keep the rally going. If the S&P500 can't hold at the 200ema it may be quick reversal to the downside and most likely to retest the recent low
CAPITALCOM:US500
by P_Dot
NIVIDIA - Long Trade Setup - Near Key Support, Watch For BounceHello Traders, here is a long trade idea for NIVIDIA. The market is oversold and overdue for a bounce. Yes, there is the potential that price heads lower but with the DXY approaching resistance there is a strong probability that we will see a bounce in the market this week. NIVIDIA is approaching a key support level at $119, this is an excellent entry for a long trade. Take profit #1 is at $130 TP #2: $143 For a stop loss: Personally I typically average down in trades like this so please use whatever risk management strategies that you typically use that suits you. After we bounce there will likely be a rather large sell off so make sure that you don't get trapped in the trade. Thanks everyone and best of luck trading!
NASDAQ:NVDALong
by natef1
8
Current SPY low is < 1% from the June 2022 lows - Double Bottom?My cycle patterns suggest a rally phase is likely over the next 7+ trading days - but, the trend is very bearish today. It is almost as if the markets are flushing out stop levels - actively seeking a support level near the June 2022 lows. It will be very interesting to see how the market ends today. If we see a big recovery rally into the close, it may support my cycle patterns predictions of a rally phase leading to what may be a new support level near $365. If it continues to sell downward, then I will be forced to admit my cycle patterns FAILED today. That means I'll have to spend hours studying why this failed and if I can make any improvements to my cycle pattern qualifiers/code. I will state that my predictive modeling suggests a rally phase is still likely. So, we'll see what happens as the day progresses. Follow my research.
AMEX:SPYLong
by BradMatheny
1
Big Cycle Pattern Day - Momentum Rally DayThat means the SPY should find immediate support (after it appears a big GAP downward reflecting Europe's recession concerns). Here's a little hint: Bitcoin will likely rally along with the SPY/ES and others over the next 7+ days. The strength of the US economy/US Dollar may drive global investors into US assets and safe-havens throughout the end of 2022 - possibly setting up a very strong Christmas Rally phase. Remember, this was all predicted over 3 years ago by a major cycle event. I have every day mapped out all the way past 2026 and beyond. Next week should be very exciting. The potential for the markets to rally higher is high. There is a CRUSH day (9-28) that may represent some type of corrective price event, but other than that one day, the momentum appears to be to the upside. Hope you guys are enjoying these? Please comment or let me know if you find these valuable in any way/form? Follow my research...
AMEX:SPYLong
by BradMatheny
8
Cycle Pattern - Tomorrows Momentum Rally PatternIs it really that hard to believe that tomorrow could shift gears and move into a moderate momentum rally after the Fed raised rates 75bp? What I find incredibly interesting about these patterns is how they can paint a very clear picture of the opportunities and shifting market trends. Each day is clearly defined (except for the N/A days). Each day paints a picture of what to expect and potential trend. Reading all this data as a story or narrative provides us a very innovative way to address allocation levels, risks/opportunities and trends. Given the market volatility and trending, I would still suggest addressing any potential momentum rally with some caution. Trade smaller amounts and look to pull away from position before the close of trading on Friday. Follow my research.
AMEX:SPYLong
by BradMatheny
5
Expect 12-20% lower from here on TOTAL2 before potential supportUpdated my TOTAL2 macro chart - I called the timing/level of the market rally in my first version based on TA. Reviving this chart because once again, blood is in the water. I'm not predicting it will catch support and rally again at the exact same level; I'm merely reminding you that this is the next significant level of POTENTIAL support, and there's still a 12-20% drop before we get there. Careful out there, and keep stops in place. With FOMC in a few days, clearly this will be a volatile week. Happy Trades, CD
CRYPTOCAP:TOTAL2
by cryptodonovan
Buy The Lows IF.... FOMC takes us there! (end of week)As we all know the last FOMC announcement drastically effected the crypto market several weeks ago and well... Every other market for that matter. 2 days until we are met with yet another bearish outlook surely? These expected moves to the downside perhaps create an opportunity for anyone who can maintain the intestinal fortitude to bear the risk (no pun intended). Consider me an optimist and pro MMT; the market should in theory head for new highs come January. So for sure we are early. Of course playing counter trend will go against your better judgement even though some bulls are purely in a denial state at this point just wishing for 30k again. I recommend trading small positions on leverage. cut your losses quick. For anyone else just buying the coin looking to hodl for the rest of the year, now would be your chance to catch one of many prime entries on a potential Christmas rally. I stray away from flooding my charts with Indicators for these post to keep things simple. We expect price to go lower, if it does. you know what to do.
BITSTAMP:BTCUSDLong
by LiveTradingHouse
Total Contrarian Trade/SetupAs much as I believe in "Don't Fight The Fed", I'm starting to think the bottom for the US markets (Technology/SPY/QQQ) may be much closer than some people think. My cycle research suggests a 2022.5 cycle pattern (late in the second half of 2022) is highly likely. Have we seen that yet? Maybe. Maybe it is the recent bottom in June 2022 and the change of direction (higher) after that bottom. Here are some of the KEY CYCLE PATTERNS that catch my attention. 9-27~10-8 : Harami, CRUSH, Gap, Top, Consolidation, Temp Bottom, Gap Reversal, Breakdown, Breakaway, Rally, Carryover, Bottom 10-11~10-25: Inside/Breakaway, Harami, CRUSH, GAP, Gap Reversal, Breakdown, Breakaway, Carryover, Temp Bottom, Top/Resistance, Consolidation, CRUSH, GAP, BIG GAP These patterns, and the fact that I'm seeing some strength in the consumer sector, align with a potential Elliot Wave setup that suggests we may see some extreme volatility as we shift into a moderate Christmas Rally Phase. It all depends on HOW DEEP (if anything) we see the markets move after the Fed rate decision. If the markets fall back into bullish trending and attempt to move away from lower support levels, then there is a very solid chance we may see an extended Bullish price trend starting a new Christmas Rally phase - possibly lasting into Q1:2023. The CRUSH patterns are the only thing that concerns me. These are typically very aggressive downward price moves - but can sometimes represent pullbacks in an uptrend. I've seen them happen in very strong uptrends and I'm thinking capital may be shifting away from the same risks that were in the markets in late 2021. We've seen technology and other sectors fall 45% to 76% in some cases. The contrarian trade (bullish if support holds) may be a very low risk trade right now.
NASDAQ:QQQLong
by BradMatheny
Double Bottom Pattern / AMD $110-120Hey, AMD is forming a good looking double bottom pattern and is primed for a breakout leading up to earnings 10/25 if the stock can get through the $94 range. AMD has strong support at the $70-75 range and has rallied upwards of $100+ when that resistance is tested, which it has been recently. I believe AMD has been beaten down more than the other comparative semi stocks and is due for an upward correction. Obviously this is dependent on the FED rate hike, however the market has priced in a full basis point and I strongly believe we will actually get a .75 considering we haven't had a full point hike done in a very long time. I see Powell playing it safe and not shocking the market, causing the market to react similarly to the July-August transition, which in turn sparked a huge bull rally. With all that being said... AMD is cheap with good call options prices. AMD to $110-120
NASDAQ:AMDLong
by markriah22
BULL TRAP BEAR MARKET BULL RUN WATCHING UVXYAMEX:UVXY UVXY is known to watch greed and fear while rising on fear. Federal minutes release is tomorrow; in the meanwhile this late afternoon the indices and the ETFs that track them printed bearish engulfing candles taking away as much as 1% in moments- this may be a fear escalation process. To capitalize on this I took call options on UVXY with an expiration on this Friday. UVXY is 3 the YTD low. SMAs 50, 100 and 200 are above. as target candidates. Horizontal resistances are drawn. Time will tell. Looks good right now.
CBOE:UVXYLong
by AwesomeAvani
5
First bounce with valid RSI support First, this is not entirely my idea. Someone posted it in chat, and then deleted it immediately and then I couldn't find them or their chart. But I saw it long enough to get the picture. The 3 bounces prior to this one since $17.8, have all crossed over above 30 on the RSI, on the 4 hour. Generally those aren't oversold enough conditions to make significant impact. This one is different however, as you can see it crossed below the 30, and that's a bullish signal. Couple that with the double bottom and it makes for a compelling case for a strong rally to the upside. In any case, I'm staying cautious, leaning a bit bullish. Will place some longs if we can get clean above $21,500. But they will be tightly controlled as things are tricky to read right now. There are other indicators working against BTC too of course. Zoomed in, the chart actually shows a triple bottom forming on the 15m, which is like a double bottom, but more specifically a reversal signal. Regardless of all of this, the chart zoomed out, at a glance, looks quite sketchy, IMO, but I still think we go to low $22k.
Long
by D-Rock_Anomaly
2
Breadth has been strong and this week will be critical for $RSPThe market as a whole needs this rally to have healthy breadth and so far that's what it looks like is happening, a broad-based rally. It closed above its 200 DMA for the first time since April 21st (albeit by just 13 cents) which is also when the downtrend started. The downtrend has been thoroughly broken. Looking for 2-3 more strong daily closes above the 200 DMA to be relatively certain that the rally will continue and we could be back in a bull market.
AMEX:RSP
by EBITDAtiger