GBPUSD Short Trade SetupI'm waiting for a complete correction and trade setup to sell it. My main forecast is a bigger correction after a small drop, but I want to have a trade because it can fall directly.
Short-term
Bearish short-term scenario doing great so far!This correction wave has worked out perfectly so far. Fibonacci levels are on point and all sub-waves are found on the chart.
As long as Bitcoin does not break above 51,700, this scenario could lead us to the EMA 21 on the weekly chart; this is something Bitcoin has previously done, so I believe there's actually a high chance for that to happen.
Then I must say: if this keeps going well, grab your popcorn and get ready for the show, because a MASSIVE breakout is likely after that!
POSSIBLE CORRECTION. GBP/CHFAscending wedge being formed over the last week, Possible correction. RSI showing overbought as well.
Trade is void if breakout past 1.2900 level
Tsnp reverse merger with humbl payReverse merger with humbl pay, waiting on ticker change and app release, once we get that I see this stock trading in the $3-$5 range short term. next quarter potentially closer to $10. bought the dip at 0.77 will add more if it comes back down and tests that range again. I am a strong believer in this one as I believe it could be a strong competitor to PayPal in the future. Great potential.
Clear signs for two week bear marketThe crypto market is on fire, at least that is what it feels like to new investors. The truth is, this is just another day in crypto-mania. Currently, the signs show that we will shake out most of the past two weeks' gains during the over-extension on the daily timeframe.
While shaking out the fear we will probably see Bitcoin drop towards a more reasonable value of about 40K, while accumulating for the next run-up. This also indicates that until Bitcoin cools down, altcoins are likely not to do well. Note however that it may take less time for Bitcoin to stabilize than get out of its bear mode.
Meaning:
1. I expect Bitcoin to drop with a higher momentum this week and then have a slightly slower bleed
2. During this slow bleed, a lot of bag holders will load up on more altcoins because their value will have dropped substantially
3. Around the start of next will we may see great buy opportunities
NPXS above channel and respecting the Beam bands 02/23/21I am very impressed in how PundiX is respecting the top of this channel break out. We are still within the top Beam bands and also made contact with the top of the channel. If we stay above this channel and just below the top of the Beam bands we could follow this channel trajectory and possibly see $0.01 by May 1st, 2021 as the Beam Bands come in contact with the top of this channel. We will see.
ETHUSD in a possible StalemateLooks like we have seen an ATH for now, this isn't coming from a long Bull Run Cycle that we saw in the previous 4-5 months, but the analysis seems to be following Fibonacci Levels. Last week we saw ETH and BTC touching new highs, with the advent of new Traders/holders coming from all sort of areas, who maybe followed Elon's Comments of Cryptos, however, looks like ETHUSD is only following the Fibonacci Retracements at this stage. We at chainassets.capital are still very optimistic about BTC and ETH, and we truly believe that the Demand and Supply model is eventually going to play out in all our favor.
For now, BTC and ETH both seem to be doing what they need to do as per the basis of Technical Analysis.
ETH will find the support at $1250 range and will start the new bull cycle for there. It may go under a consolidation with its top being $2000 and Low being $1250, but one thing is for certain and that is, ETH isn't bullish on Shorter Time Frames.
For now, We at ChainAssets.Capital will be more confident in taking Short Calls and avoiding Long Calls will be a safer Bet.
NOTE: Never invest more than 1% of your capital when Trading with leverage. Always be prepared for the worst and be ready to avergae out your positions if things don't play out your way!
BTC Bitcoin analysis short-middle termBitcoin has followed a massive spike this year, even at the area levels between $ 52,000 and $ 55,000, getting huge buying pressure on DIPs at $ 50,000.
Exiting the bullish outer channel and the break of the 200 moving average is not good news for Bitcoin, however we can see signs of a buying pressure in the $ 50,000 area, as has happened before. At the same time a bullish divergence is formed with respect to the RSI.
$ 48,000 has proven to be a major rejection force as a support / resistance level. The plan that we will follow for Bitcoin, despite this large correction is still bullish, targeting $ 60,000.
GBPAUD Long Trade SetupPattern-wise, we have a complete regular flat and a potential reversal structure is in the making. That's why I'm waiting for a small correction to place a pending order. If it makes a correction for more downside as it did inside the A wave, I'll hedge my trade and buy it again from the bottom.
Conformation of an Uptrend within $CBATPurely technical trade- do your own research and invest at your own risk.
This one is a beauty, guys and gals! EV play within the battery space. Potential heavy hitter for the next few years
MSFT Short- to TrendMSFT needs a breather, and the 200 EMA needs to catch up. after its big push its gonna be a slow drag to $232- $225. Where I think we will find a great entry and bounce up from the trend line...
NIO to $55 support by the end of the week.NIO has been trading on a very strong support line since January 8th, it is likely we will see NIO bounce off of the support line in weeks to come, but by the end of this week (February 19th) I would expect to see NIO reach the $55 support line. Potentially if the strong uptrend continues on the Daily chart, could see NIO run up to $80+. NIO seems to be in a bearish flag pattern on February 17th on the 5 minute chart, will likely see NIO close around $56.20
SOLO Falling Wedge Setup (Short-Term)SOLO looks like a great setup as long as we can break through 8.2 then we can see short term upside to 8.75 then 9.22. It could see 10 as well! I'm entering calls 1 month out. Going to add dips from 7.8 to 7.5 (full position)
