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Sidewaysmovement

GBPUSD-Weekly Market Analysis-Sep21,Wk1It's sad to miss 130pips worth of profits which translate to $1,300USD/lot trade on the Bullish Bat Pattern I've shared on last Monday, which some of you have received that information even the day before the market open. Well, I don't want you to jump into all the trade ideas I've shared but rather to read them, analyse them and make your own judgement call. There is an emerging bearish crab pattern on the GBPUSD 4-hourly chart as we are speaking. On the 1hourly chart, the flag pattern doesn't hold as nicely as its distant relative, EURUSD. I've included its chart within the tradingview link of this post to save you time in searching for it. From the flag pattern, GBPUSD has transformed into a nightmare of many proficient traders, the sideway increase volatility. And because they have experience in the market, most of them is going to let this set-up slide, because 9/10 times the market isn't going to respect the trendline, sometimes it went beyond it sometimes it doesn't even touch it and its reverses. From this you can imagine how frustrating it can be. Not for me. I will observe how the market move and should this be the 1 time that it works, it can bring a fantastic Reward:Risk.
by RaynLim
1
NIO stock analysis using my boxes strategyToday I am taking a look at a Chinese EV manufacturer NYSE:NIO stock price movement. NYSE:NIO stock price has been moving mostly sideways since the end of last year. Price was trapped in between two major supply and demand areas: 30.5 and 54.5. This area is outlined by a big box. The only exception was the breakout on January 2021, but price quickly reversed after rejection from the trend-line at 66.7 level. Key points of analysis: Boxes capture consolidation of a price range or simpler a sideways movement. Stock price trends after a box breakout to test support/resistence. When you see this kind of movement in price the best strategy for a shorter-term trading is buying at the support levels and selling at the next resistence. My outlook for the stock: I believe it will go higher in the shorter term to test 47-49 levels. Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NYSE:NIOLong
by AyBe_Invest
AMD: It just did what we expected. Now what?Hello traders and investors! As we expected, AMD found its bottom last week, and it did a very good reaction. Let’s see what’s for us here. In fact, AMD did exactly what we expected in our last study: A sideways movement for a while, and then it did a breakout of the pivot point at $ 106.17. My previous analysis is public, was written on Aug 19, and the link to it is below this post, if you are curious. At the time, AMD was clearly giving us signs of reversal, and now it feels it is too late to buy, but if it corrects to the 21 ema, or even to the $ 106.17 again, it might be another opportunity. However, it must do a good reaction at these levels, otherwise, the bullish momentum will be temporarily ruined. In the daily chart, we see that AMD is just having a hard time at the 38.2% Fibonacci’s Retracement , and since the volume is still low, the reaction won’t be as strong as we wish. What’s more, in the daily chart, we have no signs that the bull trend will resume, but we have no strong bearish sign either. It seems AMD is just resting, which is a natural and healthy movement. In moments like this, when it drops to its support levels, it is time to buy and patiently wait for the next big movement. The 21 ema is pointing up, and the price is above it. As long as the trend keeps bullish, this is the strategy we should follow. If you liked this analysis, remember to follow me to keep in touch with my daily studies. Have a good day.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
1
TSLA: Filled the first gap!Hello traders and investors! Yes, TSLA hit our target at $ 714.64 with astonishing precision, and now it is just doing a sideways correction. This is expected, and a pullback to the $ 695 or to the 21 ema area is expected, and this wouldn’t ruin the bullish momentum . It only would give another buy opportunity. By defeating the $ 714, the next stop is the $ 732.61, as we can see in the daily chart: The $ 732.61 is an open gap , which has been there since April. It took a while, but it seems TSLA will finally fill it. Yesterday’s candlestick was important as we broke the 21 ema, closed above it, and the volume was very good too. Aside from the many bullish patterns seen in the last few days, this is another good indicator that the bullish momentum will persist a little bit more. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Have a good day!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
Looks like there could be some sideways movementMy publishing are for my personal references and made public for anyone that can find it useful. Any opinions are welcome Looks like we are entering a bullish trend for GRT Support held up well and broke through the trendline while doing it I am looking to trade this up until the resistance line where I would most likely sell and wait for the next move(depending on price action I could hold longer because there is a possibility of it going to the $2.20 mark) I currently hold a position that I will be adding more to especially if it drops which it most likely will(im thinking in the .50-.55 range) I like the odds on this one for a nice sideways movement I will be holding this position for 3+ months or longer until one of these targets are hit. I am not using any stop loss because I will just be adding to my position if it does not immediately just hit the target(you never know) Thank you for checking it out! There is a strong resistance at the .78 range which needs to be broken to hit the next target.
by jgrullon11
WISH: Signs of reversal?Hello traders and investors! Let’s see how WISH is doing today! Since my last analysis, WISH busted a possible IH&S chart pattern , and it seems we have a sideways correction, between the resistance at $ 10.34 and the support at $ 8.84. This is not all bad, as WISH is not in a bear trend anymore , at least, as it is not doing lower highs/lows, and the 21 ema is flat. However, we are not in a bull trend either, and we have no bullish structure. The $ 8.84 is a support that must not be lost, otherwise, we’ll seek lower supports, like the $ 7.40. On the other hand, the $ 10.34 is still the main key point that could change the trend for good. If defeated, WISH could seek the $ 15 again. In the daily chart, we have a Double Bottom pattern, and the $ 10.34 is the confirmation of this pattern. We have no meaningful resistances other than the $ 15. Another thing we need is to see this volume increasing. For now, WISH is in a delicate situation, but we might see some early signs of reversal soon. Remember to follow me to keep in touch with my daily studies, and if you liked this idea, please, support it! Thank you very much!
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by Nathan_The_Finance_Hydra
7
SNAP: How to proceed in this post-earnings?Hello traders and investors! Thanks to the earnings report , SNAP is flying today. But how to proceed when this happens? Is it time to buy, to sell, to go short, or just do nothing? The charts will give us an answer. If you are in SNAP, I always advise to book at least half of your profits in a day like today, just in case, and then set a technical stop-gain . On SNAP, the technical stop-gain is below the $ 73.59, as this point was the previous All-Time High, and it is supposed to work as a support in the future. In the next week I would just set a trailing stop-gain under the previous day’s low. If SNAP keeps going up, that’s great. If it drops, then ok, time to exit. Is there any chance that it’ll fill this gap? Yes, but I find this unlikely, at least for now. This is a Breakaway Gap enhanced by the earnings report, and SNAP did a breakout from the ATH by doing this gap (I like to call this Monster Gap ). The last time this happened on SNAP the momentum was so strong that it prevented even a pullback. Let’s remind SNAP on October 2020: What could happen on SNAP right now, if it can’t keep pushing up, is a sideways correction , until the 21 ema catches up with the price again in a few weeks, to offer us a new support level on SNAP. If I were out and wanted to buy SNAP, I wouldn’t count on a pullback, but I would wait for it to cool down a little bit more, and for the Risk/Reward ratio to make sense again. If I buy right now, it would feel like I would be buying from someone who bought at the last dip, and will use me to book profits. Eventually, the 21 ema will get closer to the price, and we’ll see a good opportunity then. For now, as someone who’s out, I’ll just stay out. There are many more interesting stocks around. Remember to follow me to keep in touch with my daily studies, and if you liked this idea, please, support it! Have a good weekend!
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NYSE:SNAP
by Nathan_The_Finance_Hydra
23
Time for a big Move? could btc pump or dumb soonTechnical analysis: Welcome to this quick update everyone #BTCUSD Bitcoin is Consolidating in Descending Triangle from last 14 Days. Volume has Continuously Decreasing, Time for a big Move? So far Bulls Defending the 34.5k Horizontal Support, If daily Candle Closed Below 34.5k then Next Stop would be Below 30k 📉 If bitcoin Remains Above the Horizontal Support & Bulls Cleared the Descending Trendline Resistance (37.6k), Bitcoin Might RETEST the 46k 📈 BTC Trading at the Resistance level. Good thing is we are above the 38.5k level. I'll keep this very simple, we need to close above the 21D Daily MA and maintaining it to be bullish. ❤️ If you find this helpful and want more FREE forecasts in Tradingview . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, ❤️ #bitcoin #crypto #nextmove #bullmarket #sideways #btcusd #dailyclosed #pinpongzone
COINBASE:BTCUSD
by Bitking786
2
ADA/USDT Update: Cardano Africa Special 5 million new usersThe Cardano special took place the 29th of April. We got introduced to the newest projects where 5Million Ethopian students use the Cardano Blockchain with another option for 20 million users if it succeeds. The price of ADA didn't care about this at all. So we expect further sideways trading as suggested as well by the RSI. We found support from the Fib over various values which indicates the demand is here. We all still wait for the launch of smart contracts. Once this gets announced we expect Cardano to blast off. The current date for that is August. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. 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. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
ADA Weekend Outlook until MondayHappy Friday everyone, I hope you enjoy your weekend! Here we have a beautiful weekend of weather to expect, so I am excited to get out and be in the sun! Today I will give more of a textual explanation of what I've been seeing over the last week. Volume still isn't there. Looking at the VPVR and Volume for both charts, compared to the history of ADA's uptrend, I don't think we can expect it in the next few days. VPVR, the area down (RED VALUES), appears to be the why ADA is holding at this price fluctuation (1.18 - 1.21). The weekends for the last month have been quite. This doesn't mean it always will be. But, not much has happened in the weekends expect downtrends. 1D has a positive slope for money flow. MACD slopes are flat. 5H has a decreasing money flow. MACD is flat, Std. MACD below zero. Keeping an eye and waiting on more confirmation from lower timeframes as they propagate through the later timelines. I am still expecting to see ADA drop to 1.11 before going into it's next uptrend. But this is based on my prior analysis. I could be wrong! I don't have the time stone. ;) My plan I have some ADA that I will short IFF it drops below support. Otherwise, once it's apparent it can break the upper resistance, I'll buy for a new long. *This is not advice*
by Erialos
GBP/USD Analysis - Bounded between strong resistance and supportWelcome back! Please support this idea with a LIKE if you find it useful. *** GBP/USD - is currently bounding between 3750 resistance and 3580 support. We may see it move sideways before breaking higher or lower. On the monthly, we do see a strong impulse to the upside and prefer to see a correction back to previous resistance which will become future support. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian Kenya Horton, BK Forex Academy
by BKTradingAcademy
1
Accelerating with 5GThe telecommunication and graphics-processor could be the huge winner of 5G and Nvidia is the expert of it. So I believe in this company. After a matured sideways consolidation which is getting narrow, I expect to see a break to the direction of the dominant trend. This forecast was created to support you, but you have to make your trading decisions independently! As nobody sees the future, I recommend you that always apply risk management during your trading!
NASDAQ:NVDALong
by MoodandMarkets
1
TSLA: Some scenarios to work with.Hello traders and investors! Let’s see how Tesla is doing today! First, it is trading near a support level, the 21 ema, which is holding the price quite well. If TSLA loses the 21 ema then it would seek lower support levels, like the red line at $ 521, or the black line at $ 641, but since the trend is bullish, we can’t count too much on that scenario. The odds are Tesla will defeat the resistance level at $ 668, and this could make it hit the $ 684 again. Right now, in the hourly chart, we have a strong candlestick pattern called Bullish Engulfing, and this increases the chances of an upside movement. In the daily chart, it seems Tesla is doing a sideways movement , and it wants to hit the 21 ema again. The volume is very low, which was expected, since we are between Holidays, but this also tells me that Tesla is not in danger. There are no pullback or reversal signs around, and in the worst-case scenario Tesla would hit the 21 ema again. Let’s keep monitoring Tesla closely, and if you liked this analysis, please, support it ! And I invite you to follow me to keep in touch with my daily updates. Thank you very much.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6