Shorttermbull
MRIN - High Risk = High RewardThis isn't something I support doing, because this really is more gambling than anything. With that being said, I don't have a problem with a potential 1600% gain in 3 weeks to break the top of the Andrew's PF. Just sayin. This is neither investment or financial advice....but you have a better chance of going to the moon with this, than you do with AMC and GME. LOL!
A potential Long setup for Jindal Steel• You can see a potential short term buy entry on Jindal Steel For the week ahead
• It has 1/4 risk reward ratio
• Entry for trade is at :- 393.40
• Profit target is at :- 421.55
• Stop loss is at. :- 384.25
* For More Indian stock related ideas follow my Account and do tell in the comments your point of view about Jindal Steel.*
Long WISH - Target @ 15, 16.9, 20.11I have a long position on $WISH as an open market volume scalp.
The following reasons are why I am long:
High probability of retesting new high at 15
MACD (4hr tf) building up buying pressure gradually rather than abruptly (not forming triangle)
MACD (1hr tf) potential cross over upcoming in case seller volume continues to decrease
RSI remains in a buyers area
Price holding above support at 50 and 20 MA, perhaps to retest VWAP (4hr TF)
VWAP acting as support (1hr TF)
~2%+ pre-market
I have my initial target at 15, but if we push past VWAP and all indicators continue to point bullish I would aim for VWAP at 16.9, then we should push to next R at 20.11. (4hr TF)
This strategy is SHORT TERM and only during market opening volume. In case optimal volume or price is not reached during the earlier part of the market session I will close my positions.
DAILY MACD SAYS BUY!Overall im still bearish in crypto markets but btc close the week above 34k area which good for this week.
Im expecting a move to the 48k area in the short term future, if there is good volume.
First price action needs to breakout above 40k area and close couple candlestick above it.
After that a move to 48 k area is highly possible but im not sure if price can go higher than that.
We need more time to confirm another bull run.
But lookin at the bigger picture, such as 1 w timefram, price had an insane increase and needs to consolidate or even retrace more before going new ath.
Dont think new ath will happen soon but short term bullish price movement seems highly possible after macd signal and price being in the lower part in BB.
Also price is under 200 day ema which is not a very good sign for bulls. Regardless a move to the 48 k area is expected in the short term with a move back under the 200 day ema. If price could consolidate over 200 day ema after the retrace we should watch the price for bullish action.
XRP-USDT (symmetrical triangle)Hello !! 😀👋😄
I am looking to see which way price breaks out of triangle.↗↘▶👀
lets wait for confirmation before entering any trade.👍
Thank you for considering my short technical analysis.😁
Fundamentally and Technically XRP has proven great strength in the past. 💪✔🗓📌
🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, always welcome.
Thank you so much!❎
Hindalco looks good on all the timeframesHindalco was on the top gainer's list yesterday, registering a gain of approx 3%.
The price action on all the time frames looks positive and it's likely and it could continue the move further on the upside in the coming trading sessions as well.
To continue the upside, the stock should sustain above 380 levels and the immediate resistance it has is around 400-410 levels.
LTC/USDT - Short-term buy opportunity!After a double bottom was established we entered an uptrend and broke above the resistance level around 330. After a new HH we went down to retest this level again, but this time as a support. Most likely, LTC would continue in upward direction to reach new resistance at 365.
This is not a financial advice, trade at your own risk!
JMIA may be due for bullish boost according to 6 algorithmsI have changed up how to best display projected movement. In the case of JMIA, 6 of my algorithms signaled a BUY on March 19, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Hourly chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
NQ1! - TLDRWhat I am watching for on Monday is how the green and black lines (13002, and 13070 areas respectively) are tested *quite possibly the upper red line as well*.
I am short term (as in day(s)) bullish, in that I expect NQ to at least touch that green area.
looking forward I won't speculate too much but will be watching the levels to see if we can find confirmation of down trend break, or continuation for lower prices.
Didn't want to make this post too long, but am making it so that we can have context to some of the tech moves I'm looking at for the week.
AMDI think we could see price move to $100+ very soon. I anticipate another runup and test of upper resistance line from this current level. I would be quite comfortable selling at or right below price target 1 however, if there is a strong breakout confirmation I will continue to hold in hopes of selling at $105-$110.
Bandhan Bank Looks Ready For Boom. Breakout on weekly chart.NSE:BANDHANBNK
Bandhan Bank Breakout On Weekly Chart.
Bandhan Bank had given a good breakout to its important support become resistance level of 402.
Lets we go through candle by candle from the week of 7th December 2020 where we had seen a breakout of 402 for the first time.
Definitely on week of 7th December 2020 we had clearly see the decent breakout to the level of 402 with well enough volume to it one can easily get in at that time with no doubt in mind of reversal just because of uncertainty of market up move (mostly in the mind of retail traders).
On a week of 14th December 2020 though we see the bearish candle which also not manage to penetrate the high of its previous candle one can say it’s a good sign of selling and assume that the breakout we had seen on a 7th December 2020 Candle likely to be falls breakout and this may have been confirmed on day chart and starting of a week of 21st December 2020 where we were seeing good selling in Bandhan Bank.
At a beginning of a week starting from 21st December 2020 we were seeing good selling in Bandhan Bank but as there is good strength in the background of Bandhan Bank those lower price found no follow through to it and demand started to coming in, and as a result of that we are seeing a hammer candle with good long tail which again indicates the that bulls are still have a strong hold in here. But what happened in a very next week.
Interestingly in a week of 28th December 2020 we had seen a good rejection for higher prices despite of the strong indication of bullish sign in a previous week we had talk earlier (week of 21st December 2020). And after seeing such scenario one can definitely consider Bandhan Bank as Bearish stock but wait let’s see what happens next, I mean in a last week (4th January 2021).
In we a of 4th January 2020 we have seen good bullish candle again with decent volume to it similar to what we had seen on 7th of December 2020 (mentioned at the beginning of this post) which is very strong confirmation of breakout to the level of 402 in Bandhan Bank.
If I go long in Bandhan Bank I will consider holding it for at least 1-3 months and follow Fib Extensions ploted on a chart for my targets.
I did impossible: found a coin that hasn't pumped yet.I consider myself more like a long term investor but here I see a clear short-term trade that can be made. You can buy now or wait for the confirmation above $23. SL is at $20.6. Sell as much you wish in the clear resistance areas. I personally plan to sell most of it at $70.