AION/BTC Another 7x please. Sure why notAion prints some green candles after a massive exhausting downtrend.
We first have to clear the violet line and then no boundaries are set.
Enjoy the ride and don't be too greedy.
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ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Recovery
STRAX/BTC Are you looking for 10-50x ? There you goThere was no nice chart for STRAX/USDT so I had to take BTC.
Stratis is on the way upwards and is just starting its bullrun so it maybe will make its 10x move the next weeks.
We just broke out of the last small downtrend.
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
OXT/USDT Looking for support. Possible Entry between 0.35-0.45$Orchid (OXT) is a decentralised VPN provider.
Since VPN is more and more a topic due to data leaks I guess OXT will continue to grow.
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
Expect a bounce up to a lower high before going sideways Looks like the projected typical correction has
Occurred in amplitude - I expect it will recover from here albeit slowly and form a lower high like a head and shoulders pattern.
Trade idea > buy for a small bill recovery only to the red line which is the volume most traded above
GEVO just left resistance band With the S&P500 being less than a percentage point away from it's ATH (as of writing this message), GEVO seems to has left another resistance band. With the recent correction explained by a change in bond prices, GEVO seems to be recovering strongly, testing resistance each time before moving towards it's next resistance band.
NIO Bounce? Nio. along with most tech and EV stocks has aggressively sold off over the last month. But is the selling really over or was this a dead cat bounce? I for one hope for the former. Here is what I am looking for in Nio from a technical standpoint:
- Bounce off the $31.86 level with candle close just below the 180 EMA (Happened)
- Green Candle break above $38.59 level with candle close above 180 EMA (Happened)
- Green candle close above $42.76 (38.2% fib level)
- Consolidation of candle bodies between $42.76 (38.2% retracement) and $46.12 (50% retracement) with buying pressure pushing price into $46.12 (50% retracement) - $49.49 (61.8% retracement level).
- Price crossing over 20 EMA and hold as support
- 20 EMA crossing over 50 EMA with heavy volume
I have an open position in NIO with $37.80 avg and I plan to add to my position with a 50% retracement break and hold. I will also add more to my position when price breaks above the 20 EMA and retests as support. The last addition to my position will be if the 20 EMA crosses over the 50 EMA.
Recovery in MotionThe more I make these posts, you will see how much I enjoy investing and swing trading Sector Select SPDR ETFs. Besides Financials (XLF) and Energy (XLE), the Consumer Discretionary (XLY) industries are great places to be situated in during a rebound in the economy. With interest rates projected to rise, many have come to believe that inflation has risen above its short - term target thus signaling rapid economic growth. As someone who works part - time and is in school Full - Time, it is hard to thoroughly perform TA and FA for the "top" stocks. That's why I enjoy rotating my money in and out of the sector ETFs.
When the market aggressively sold off, I started an initial position in XLY with intention to aggressively add to my position once I see some consolidation in the sector and a breakout to the upside with heavy volume. XLY holds stocks such as #AMZN, #TSLA, #LVS, #RCL, #LOW and #MCD just to name a few. I absolutely love the diversification of XLY as it gives the investor exposure to big tech, restaurants, travel, retail, and automotive - industries that are sensitive to interest rates and movements in the economy. I am fairly bullish on XLY as I am bullish on a full US economic recovery within the next year. With a very good move to the upside on March 9th, things are looking bright for XLY with parts of Canada and the United States preparing themselves for reopenings and vaccinations across the nation. The reopenings and hopefully mass vaccinations will yield an increase in store shopping and travel.
As I mentioned, it is hard for me - a student and an employee - to analyze what stocks to trade. Rotating in and out of the SPDR ETFs gives me the ability to do more research on the industry or industries that I want to be exposed to while being able to buy 30 - 200 stocks without having to do research on each stock or paying an enormous amount of commissions and grants me the ability to really only spend time reading reports issued by SPDR ETFs and the industry. Currently my ETF holdings are: XLE, XLF, XLB (Materials), XLI (Industrials) and XLY with the intention to add to my position and possibly starting a position in XLRE (Real Estate).
As an inspiring Investment Advisor, I am not too caught up with the whole Reddit craze due to the riskiness of it. As a result, I prefer to diversify myself via SPDR ETFs while trading 3x ETFs and inverse ETFs which provides me with enough volatility to produce a steady daily return.
Keep an eye on this oneIt's a good thesis thinking about fiscal growth more stimulus and covid vaccine availability.
Not a direct relation fiscally as other opportunities and probably a bit of pull back...another one for the watch list and company analysis.
It could be the bottom for the entire marketJumia, 3D Systems, Fubo, Skillz, Virgin Galactic, Plug Power, Nio, Jinko Solar, Xpeng, Li Auto, Momo, Pinterest, Beyond Meat, Peloton, Tesla, Square, etc. Some of them have lost more than 50 percent since the peak of February. It seems they all touched the bottom this morning.
Notice how they move in unison despite belonging to different sectors, the same could happen in the recovery.
NYSE:JMIA
NYSE:DDD
NYSE:FUBO
NYSE:SKLZ
NYSE:SPCE
NASDAQ:PLUG
NYSE:NIO
NYSE:JKS
NYSE:XPEV
NASDAQ:LI
NASDAQ:MOMO
BMV:PINS
NASDAQ:BYND
NASDAQ:PTON
NASDAQ:TSLA
NYSE:SQ
Is Groupon another recovery play?Groupon took a big hit in march 2020 when covid became pandemic. Ever since then it has developed a well formed upward channel to 30-40 dollar price range. It has always been in my radar for a recovery play but however I never press the button to open a position until recently it started edged up from $35-$38 just before its earning release. I was hoping the recent turmoil could bring it back to $35 range but it just never hit my buy order.
Of course what happened after is well known by now, NASDAQ:GRPN earning well exceeded everyone's expectation and its price shot way up to $43.
While I continue to be bullish about this stock but I always try to control my risk/reward ratio to 1:1.5 like many of my other recommendations. So I would hope Groupon's stock price could consolidate back to $38, which I have already put a buy order there to open a position with $35 as my cut loss... with an upside price target at the mid-way of its trading range prior to the covid drop at $53 dollar....although It may never come back to $38 anymore.
If the recent bond yield fiasco cool down back to <1.2% I would be keen to raise my entry point a bit up to $40....At the time of this writing, I have no position in Groupon.
If you like my idea, you could show your support by buying me a coffee here
ETH/USDT Finally getting support. Nice entry at previous ATHEthereum finally finds support at previous ATH region 1300-1450$.
I would consider this to be a new entry and buy opportunity.
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
AAVE/USDT Possible bullish recovery lies aheadAAVE as most other altcoins suffered from the Bitcoin dump.
Finally AAVE reached support. (was a long way due to the massive pump before)
So we finally would have a possible entry here.
Next possible support is marked (lower orange line).
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
BOEING. Ascending Triangle. 3:1 RRR.NYSE:BA is showing an ascending triangle on the weekly that is about to break upwards, giving a target of 65% rise to $377. Our stop loss is based on the most recent swing low at $187.
$LINK: Follow up on pitchfork PAI just wanted to point out how ridiculously on point the pitchfork is on the 4hr for $LINK. With a lot of volatility in the market due to the end of month $BTC options expiring, extremely high gas fees and the subsequent chainlink team sales of $LINK in order to pay for the network costs, we saw a pretty violent correction! However! If you're in a spot position like me, and not leverage trading $LINK like a doofus :) You're completely fine as we saw just as violent a recovery!
I am so impressed by the pitchfork's ability to capture those wicks. If you had placed buy orders at those levels? You'd have caught them to the penny, and that's just awesome to see. For me, the fact that we're back over $30 dollars, and that the buyers stepped in so aggressively below that? Is nothing but bullish for this project. I WISH it would stay this low for longer? But I doubt that we'll be able to buy $LINK this cheap for long.
TL:DR, With a bunch of market scenarios stacked against $LINK, it's incredibly bullish that PA recovered to its current levels so quickly. I'd expect #Chainlink to continue its march towards 3 figures in the next few months. The pitchfork has been really awesome at capturing that trend. I am SPOT trade only on this at the moment. I personally am holding my $LINK for a long long time.
ADA/USDT Update: The silence before the storm?ADA shows a great V-like recovery back to 0.95$.
And we are in a consolidation phase and expecting a break soon.
But to which side?
Since some major news are coming I guess it's upward and we finally break 1$.
However, it is still possible to test the 0.7$ area again first.
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
🔥 SUSHI Strong Recovery TradeSUSHI has been showing strong signs of recovery, following Bitcoin. This coin has recently breached it's previous all time high of $16 and is coming back for more.
Since BTC is relatively volatile at the moment, I'm keeping my targets close.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
VRA/USDT Shows a strong volume increase and V shape recoveryA very interesting chart.
We see a V shape recovery which could mean that the price will go higher since the pullback was bought up so strongly.
K-Shaped Recoverymany people still thinks we're in a V-Shape recovery , but it's a K-Shaped recovery in progress right now.
which is one of last thing you want to see in a major economy.
dumb money goes into many worthless tech companies and spike their market caps at unbeliavable levels. (just like before 2000 dotcom bust)
on the otherside industrial sectors are not showing any robust recovery signs.
from this perspective this market is totally unstable now and crash is inevitable.
PSG/USDT Ready for a parabolic move!PSG is the soccer fan token of Paris Saint German and has a market cap of 20 million tokens.
The same analysis as for the JUV, ASR ant ATM token holds.
However, PSG shows more resistance levels to break.
But think about it the following way:
There are 20 million tokens.
Now there are surely more than 20 million PSG fans, let's say 200 million.
Each of them wants to have in average 10 Tokens.
This would result in a price of 100$ per token.
This excludes addict that want to get as many as possible.
ATM/USDT Show a parabolic recovery!ATM is the soccer fan token of Athletico Madrid.
The same analysis as for JUV holds.
Upper Limit is currently the peak after the Binance listing which is around 25$.
However, when soccer starts to flourish again the ATM supporter want to buy this coin.
