Possible Cup & Handle forming for Siacoin Hi all,
Main TA Points;
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1. Golden Cross Formed.
2. Seem to have found support at the 61.8 FIB.
3. Descending triangle invalidated.
4. Breakout accompanied by strong volume.
5. Promising fundamentals.
6. Find bottom indicator as well as MACD suggest return to uptrend likely.
7. Ichimoku offering support as well.
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Talking Points;
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A promising project and team that has delivered a working product for some time. Fundamentally speaking a strong contender, and according to my estimations not at risk of SEC attention as they did not hold an ICO. Siacoin is not to be mistaken for Siafunds which are in fact securities and have been sold as such.
We recently had a significant break out early January with higher time frames suggesting that S/R flip has occured.
The current support of 61.8 fib does seem to be painting a cup. The fib retracement has been set from the high of August of 2020. The current local high has exceeded this. We could expect the handle to be formed as a retest of Augusts high and subsequent longs could be placed from the break of the neck line with stop loss just below handle at 88.3 fib as a guide. Example trade would offer 3.34 R/R ratio.
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Estimates;
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The run up to 1 US cent might have a retest of the 0.007 range, but short to mid term targets based off historicals would suggest as a run up to the 1 US cent range as the stronger resistance.
Price action expected to occur over the next 14 days.
Good luck,
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Short-term
US30, uptrend short sell.Hi traders,
As we see here at us30 It is in a up-trend.
It will prob hit after an long time the 30600 again but if we look at it now and you want an short trade.
It is prob going to fake out above the resistant trend line but then drops to 30200.
SemftTrading
GOLD Short-Term Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GOLD is sitting around strong resistance 1900 in blue and brown trendline so we will be looking for sell setups on lower timeframes.
on H4: GOLD formed a wedge pattern in red so now on H4 and we are waiting for the long-term sell to be activated.
Meanwhile, since GOLD is sitting around the 1900 round number and until the H4 setup is activated, we will be looking for short-term sell setups.
on H1: We are waiting for a new swing to form around our red trendline to consider it our short-term trigger and sell on its break downward.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
we will be looking for sell setups, unless price breaks aggressively above 1900, then the momentum will be shifted from bearish to bullish.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
Gold Futures - GC1• It looks like that the long-term upward trend holds (chart on the right side)
• Break out of the short-term downward trend
• RSI is over the important mark of 50 but on the weekly chart still in a downward trend
• MACD is improving and shows an upward momentum in the short-term chart and an improved picture in the long-term chart.
• Volume is still decreasing and disappointing.
SHort term shortWe are starting to develop fat 4 hour RED candles, a good chance to catch 5-10% short, I anticipate a retest of the $16200 support
Long term - bullish
Short term - bearish to neutral we need to see where all this volatility settles by the end of the week
Personally I went short, good luck to me and offer my prayers to the crypto Gods that can swing these markets very violently
I try and keep my TA as simplistic as possible and watch for the development of candles, the key factor is risk management, only risk what does not hurt you to lose without needing huge sums to rebound
12/8 WATCHLIST - INTRADAY OPTIONSWATCHLIST 12/8
Welcome! This is my first post on TV and I hope it brings you value. I'm an intraday options trader that uses supply and demand as defined mainly by hourly channels. I tend to go for pure gamma moves, so I look for explosive moves. I plan on posting daily watchlists, and following up with comments on the success/failure of them.
My current bias for tomorrow is bullish, although the overall put-to-call ratio (symbol PCCE) is at all time lows. While this isn't a sell signal by itself, any negative news catalyst can quickly turn the market on a dime, causing investors to get on the short side. I maintain a bullish bias for 12/8 but will see how overnights and pre-market play out. I am currently in some HD 12/18 $265 calls for a swing, which I will likely close out tomorrow if profitable. I don't think it's a good idea to hold on to positions for too long in this climate.
ZM puts under 404.5
AMD calls over 94.2 (safer entry 94.4)
JMIA calls over 36
NFLX bounce
TSLA calls over 645.4
V calls over 213.20
AAPL calls over 124
FB calls above yellow trendline in picture
Here are some other names I don't usually trade but have great setups:
EMN calls above yellow trendline in picture
COF calls over 93.25
NOW macro calls over 535.5
SHOP calls over 1090
COST puts under 371.8
Will follow up with an updated list during pre-market tomorrow!