TAO Bullish Inverse Head & Shoulders: Patience is Key!TAO has been forming a bullish head & shoulders pattern over the last couple of months. The pattern is still not complete, so be patient for it to complete.
If you're confident that this pattern will play out and the market will reverse, take a look at the higher risk trade I put on the right. Tighter stop, so higher potential profit!
Signal
ID: Best Entry Is Here! Swing Trader's DreamThis analysis is a follow-up on my previous ID post.
As of this week, ID has successfully touched the bottom support and reversed from it. Too early to tell whether this is a long-term bottom, but at least the support held strong.
If you were ever considering to buy ID, this is the time.
Oracle (ORCL): Bullish Outlook Ahead of EarningsToday, we’re getting the earnings report on ORCL, and we’ve had to adjust our last analysis accordingly. We are now looking at a more bullish scenario after our previous bearish outlook was invalidated. If Oracle holds the desired level, we believe our current wave count is accurate.
The count is pretty straightforward, and we think we’re now in the intra wave (ii) of the larger wave 3. This wave (ii) might touch the trend channel again, though it doesn’t necessarily have to. The channel seems accurate as waves ((i)), ((ii)), and ((iii)) are all tagging it. It would have been ideal if wave ((iv)) had touched it as well, but perfection is rare in markets.
We’re focusing on the area between $133.43 and $129 to hold. We’re not setting any limit orders for ourselves just yet, as we want to see if our new count proves correct before making any moves.
Shopify (SHOP): Is It Just the Beginning?Shopify has been one of our best entries this year, and we remain very bullish on it. From a technical analysis perspective, it's hard to make a bearish case for this stock. We've even seen a change of structure after catching the bottom on SHOP.
We've already taken some profits off the table and moved our stop loss to break even for the initial trade. We're now expecting this surge to continue, and as a result, we're planning to place another limit order on Shopify, aiming to buy more if the price moves into the $59.38-$54.59 area. We prefer to enter manually to avoid getting triggered by any sudden news events.
If our analysis is correct and this is indeed Wave 2, we could see a really nice rally in the near future on Shopify, potentially breaking the $90 mark and moving even higher.
Let's see what Shopify has in store for us next.
EURCAD What Next? SELL!
My dear friends,
Please, find my technical outlook for EURCAD below:
The instrument tests an important psychological level 1.5035
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4976
Recommended Stop Loss - 1.5068
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USDCAD Under Pressure! SELL!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.3567
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.3501
My Stop Loss - 1.3607
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBPAUD What Next? SELL!
My dear followers,
I analysed this chart on GBPAUD and concluded the following:
The market is trading on 1.9644 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.9542
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
CRYPTO COIN - ATOM = LONG As I wrote in previous posts, many coins are currently forming a descending wedge. It can be noted that the ATOM coin was heavily sold off with large impulses. It's also clear that the coin bounced off the support zone, and in my opinion, it may now be breaking out of the wedge into play. The project itself is very promising and has many applications in cryptocurrency, which could increase buyer interest in purchasing it.
ATOM: Signaling Further Market Decline?In this analysis I want to take a closer look at the state of the market. ATOM Was a decent performing token in the previous cycle, but it sadly failed to impress investors this cycle.
Most striking is that ATOM is one of the few alts which has actually made a new bear-market low. This token has never entered a bullish phase like most tokens did and has basically made lower-lows throughout.
This token had a 5B marketcap just a few months ago, so we're seeing some serious money leaving this token. Naturally, there's something going on in the background which amplifies the sell-off, but I'm looking at it as a potential signal that the alt market is currently in a bad spot.
There's a lot of alts that are currently not far away from their bear-market lows. If we see more and more making fresh lows it could be an indication that more selling is yet to come.
BTC - BIG LONG?I've reviewed hundreds of coins in the past few days, and I can confidently say — they're in a tough spot right now
The charts have dropped so much that many no longer believe in the success of these coins. As an analyst, I see global descending wedges starting to form — a phenomenon I observed before the previous bull market.
As for BTC, I’m seeing prolonged consolidation with the removal of all levels. Experience tells me that autumn is the "golden time" for crypto, so the BTC fractal might play out, as I’ve shown in detail on the chart.
USOIL What Next? BUY!
My dear friends,
My technical analysis for USOIL is below:
The market is trading on 68.08 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 70.57
Recommended Stop Loss - 66.61
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
SPY My Opinion! BUY!
My dear subscribers,
This is my opinion on the SPY next move:
The instrument tests an important psychological level 540.43
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 552.17
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURGBP Set To Fall! SELL!
My dear followers,
This is my opinion on the EURGBP next move:
The asset is approaching an important pivot point 0.8432
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8427
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
TON: The Perfect Entry For Those Who Missed The Pump!TON has seen some serious volatility as of late. The founder, the CEO of Telegram, recently got arrested in France, which send the token down.
For investors who missed the boat before, this is a great chance to step in. TON has arguably the biggest app for communication behind it, so there's still room for growth once Telegram incorporates TON into it's application on a deeper level.
Looking at the chart, the most logical place to buy would be from the bottom diagonal support. I put the entry at 4$ as a guide, but feel free to move it up or down depending on where the price touches the support level.
MYRO - CRYPTO LONG 83%?The coin has been falling for a long time, accumulated at the bottom, and formed a descending wedge. There is a chance for a rebound, with a target of over 80%. However, be cautious, as we are taking the coin against the trend. If you decide to take it, use a small percentage of your deposit.