SNE
EUR/USD; 1D; 25.10 by @SupernovaEliteSituation on EUR/USD looks bearish.
Price formed weak formation(like H&S pattrn),
from middle of April moving in down-trend,
now is below MA 100,200; there is breakout of
consolidating pattern. Index of dollar (DXY)
looks like will continue rising.
Now is near support lvl., if will breakout it will
be confirmation of berish scenario.
WTC(Walton)/BTC; Binance; 2H; 30.10. by @SupernovaEliteGreat bullish pattern on Walton,
local rising trend, there are volumes,
brokeout of Resistance zone
wich became Supportt zone.
LINK/BTC; 1D; Binance; 23.10 by @SupernovaEliteFrom March 2018 to May 2018 there is big volume on LINK that looks like accumulating position by big players, then was breakdown and now formed local rising trend which realising with big volume impulses. Price brokeout R1 resistance then brokeout R2 but corrected. For confirmation of continuation LINK need next impulse and hold above r-local resistance. If we will see that - we can accumulate position for middle-term trade with 28% and 44% targets.
LRC/BTC; 1H; Binance; 26.10. by @SupernovaElite. Potential 10%!Local rising trend, price rebounced
from MA 100,200 many times. Now
formed traingle pattern which was
broken but come back. There is volumes,
need consolidating near this lvls or
next breakthrough for confirmation.
Risk/Reward = 2,41
Do not forgrt about SL!
DXY; 1W; 25.10. by @SupernovaEliteThis chart is addition for previous
EUR/USD chart as confirmation to
bearish scenario. DXY formed expanding
formation from 2015. On January 2018
we saw "false brokeout" then price
came back which is bullish signal.
Waiting for continuation of rising movement
and falling EURUSD.
BTG/USD; 2H; Bitfinex; 24.10. by @SupernovaEliteFormed rising traingle pattern,
there is volume on all rising impulses
inside the traingle. Need breakout
of R-resist. for confirmation,
good time for start of accumulating.
Do not forget about risk management!
NEO/USD; 1D; Bitfinex; 23.10. by @SupernovaEliteLONG/MIDDLE TERM INVESTMENT:
Middle/Long term potential of NEO.
There is accumulation of positions
near bottom lvl on flat background.
There is opportunity to add NEO in
portfolio now or wait for confirmation -
breakthrough 1st target. Use targets
on the chart as middle/long term goals.
BTC/USD; 4H; Bitfinex; 23.10. by @SupernovaEliteNothing new after previous bullish impulse
price correcting. I think that we will see
the next rising impulse more probably
as classic theory of TA tells.
For continue rising movement we need
to see some rising candles which will break
6600 then 6800 and hold on this level -
it will be bullish indicators.
Do not trade flat, wait for clear impulse.
BCH/USD; 4H; 05.10 by @SupernovaEliteIf we looking for local situation
from 25 Sep. we see formed
continuation pattern. For it
realisation we need breakout
r-pattern resistance.
Other permisses for long position:
Price now consolidating near
MA 100,200 on background local
rising trend; price is above
support zone.
Do not forget about SL!
ETH/USD; 4H; 02.10 by @SupernovaEliteStill waiting for this sweet short position;
ETH in down-trend; now forming a rounded
top which did not break previous top - its a
weak signal. Price is below of MA 100,200.
So, I looking for realisation of classic patterns
soon. 1st target - 160$ - based on the length
of pattern, 2nd - 140$ - based on previous impulse.
Do not forget about Risk management!
BTC/USD; 15M; 27.09Price formed wedge-continuation pattern,
now in wedge we see rounded tops, which
looking down, price is below MA 100,200;
According the Fan principle we see 2 brokedown
of supports, 3rd suppord=big wedge support,
so if 3rd support will break - waiting for next
falling impulse. Targets: 6200$
The Gaming Trade - Video Game and Esports Stocks - September 2.0The Gaming Trade
The gaming trade tracks gaming & esports stocks. With a combination of technical and fundamental analysis I attempt to provide the best ways to profit off of these companies in the stock market. My style is a blend of classical charting, candlestick reading, trend trading and a bit of price action. My decisions are based on how the daily, weekly & monthly charts display the current status of the stock. I will do my best to provide insight on profit taking points and breakouts on my Twitter account: @TheBegonis - I use no leverage in this tracking account.
9/16/18
AMD: Current Price: $32.72 ( first article in September $25.17)
Earlier this month I wrote about AMD and noted the Bull Flag on the 4 hour that could take the stock to $30 -- Well it hit it. After a couple days of profit taking, the stock keeps on rolling. The Monthly and Weekly charts show no sign of slowing down either. We are in a little bit of chop on the daily but unless price closes below $25.61 on the weekly this could continue to climb.
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ATVI: Price $81.27 ( First article in September: $72.10)
Well... Last time I said we were in for some chop, until price closed "above$75.53 on the weekly and the Monthly closes above$75.40." DID WE. Price shot up 11% since then. Price met the previous green candle high around $74 and volume pushed the stock bullish again. Right now price seems to be rounding over on the daily as it hits the previous high around $81.50. Price could pull back a bit on the daily as it loads up for another attempt at the top of the channel. The weekly Stochastic RSI signals that momentum is on the side. Take profits should we reach the top of the channel around $85.
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EA: Price $114.27 (First article in September: $113.41)
Electronic Arts still looks to be in trouble. So far it seems that a descending wedge is forming on the Weekly and that means prices will continue to fall before any turn up. In the short term we may have a pop to the $118 area seen on the daily to confirm the resistance line of the wedge. But a move down is likely to follow. We may not find true support until the $92 area seen on the Weekly where a lower trend line can be theorized and the Weekly 200SMA (and Monthly 50SMA) would meet. If Price closes below $106.23 on the Monthly, EA will be trending down.
Daily:
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HEAR: Price $18.91
Turtle Beach went on a tear this year starting in May (No doubt to the rise of steaming, esports and the explosion of Fortnite). Right now, the run is out of gas. Price is channeling down but we might see a short term bounce as we are at the support of the channel and testing the top of the ignition candle. Look for a possible short term bounce to the $22 area, but this would be a counter-trend move, so if you do, trade careful. If Price closes below $16.53 we will continue going down.
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Monthly:
MSFT: Price $113.37
Microsoft continues to chug along. Despite some chop of the daily chart it is at an all-time high. The chop should continue on the daily but this looks like it will continue rolling.
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NVDA: Price $276.43
Nvidia is very choppy on the weekly and daily charts but is otherwise slowly and surely trending up. Price would have to breach $239.63 before I would show any real concern for the stock. HOWEVER, price does seem to be leveling off based on the weekly, so upside may be limited.
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SNE: Price $59.44
Like so many stocks I am seeing in the market, Sony is starting to show signs of going parabolic. In other words, price may continue to rise and it may rise fast. Price gapped up and is testing a high we haven't seen since 2007. It is a bit of a ways to go before reaching the highs of '99/2000 but the next area we could see is the $84-85 area -- All three major charts are bullish.
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TCEHY: $Price 41.35 (First article in September Price $43.14)
I love Tencent but this is just painful. Price continues to try to break down from the descending channel. (Daily) That $36 area I mentioned last time could still be support but I think this is going to be slog down to the $30 area where the Weekly 200SMA is trending.
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TTWO: Price $134.11
TakeTwo continues to operate within the rising channel and price is chopping on the daily. At the moment there isn't a good entry and no reason to exit.
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UBI: Price $95.68
Ubisoft is in a bit of a precarious position. Price is flat. The Daily and Weekly are trading sideways with a slight downtrend. Price fought back bullish last week on the Weekly. It needs to confirm by closing past the next two targets of $97.02 & $99.52 to really resume a bullish move. Price is stagnant at the top of the monthly but it would only be in danger if it closed below $79.60.
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ZNGA: Price $4.02 (First article in September Price $4.16)
This looks like it should be covered by Ted Allen on Chopped. Two weeks ago it sabotaged all the momentum it was gaining and went choppy. Price seems to be turning back upwards but it needs to clear $4.23 on the weekly if it is going to re-gain that momentum. It doe seem that it will hit that $4.55 PT... eventually.
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Thank you!
ETP/USD; 4H; 12.09Bullish trend on ETP from July..
I think ETP is overvalued.
There is Strong volume Divergence,
so, trend can reverse soon.
It will be a great short.
BTC/USD 1D; 05.09As I told after breakout S.h - support horizontal
I get bearish side. We see the standart TA pattern of
continuation of down trend. Price consolidated in
bearish wedge and started work from 61.8 Fibo lvl.
retracement, brokeout wedge support by strong impulse.
Waiting for continuation of descending movement.
Targets - 5850 - 5200. Dont forget about SL!
BTC/USD 4H; 04.09Price consolidating in rising traingle pattern near R-resist. on background local rising trend, so waiting for continuation of rising movement. Breakout of R will be the signal. Targets - 7600 - 7800. Will do revision of local bullish scenario after breakout S.h. - support horizontal.
BTC/USD; 1H; 31.08 by @SupernovaEliteLocal vision: brokethroug r1, r2 +
f-fractal resist.(top of rounded form);
all this action was from S-support and
BTC formed increasing bottoms at the way
- all this factors are bullish.
So, waiting for continuation of local rising
movement to 7200-7250 (1.272 Fibo lvl.)
When price hit 6800 - need to revision of
previous local bullish scenario.