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Effectiveness of OKB 20% off activity ending, can expect more?www.tradingview.com Yesterday when sharing the opinion in Telegram, many guys ask more about the activity can make any kind of affect to the trend of OKB, so my answer is still unchanged, a short term affect which can bee seen on the chart that price rised to almost $4.8 in just few hours, but the continuous long upper shadow also indicates that most buyers sell their OKB at once after the activity is ending, led the price fell down immediately. In next 4~6hours, many investors who become the offerees push the price up again but obviously, the strength can't push the price to create a new high, now the the reason why price still keep above $4.68 is because the rest of the investors who still held after bought yesterday and the offerees. They support the price in order to prevent lossing, in fact, the market is giving the signal that a new high is almost impossible to create in short term, and the effective of this activity has been almost disappeared. My suggestion is that to buy 10%~20% of your account at $4.62, then if price continue to pullback, can buy another 20% around $4.42. This is a method of buying at crucial support positions.
by Zeus1110
1
COPPER OUTLOOK - XCUUSDCopper has been trading in a bearish channel since 2011 right after bouncing off from the ascending resistance of the ultimate bullish channel. The first corrective wave in the blue bearish channel ended last year and price failed to break out to the upside. A critical price level has been broken and this will potentially expose the copper price to a further downside. I had forecast this short setup last year and I have now updated my chart. My first and second price target at $2.32/lb and $1.98/lb respectively were successfully achieved last week. If price breaks my 161.8% fib level, I expect price to reach my third target at $1.29/lb.
OANDA:XCUUSDShort
by Timgucci
Two possible Scenarios on Gold (XAUUSD / Short Term)Good Morning Traders Here e short Analysis on the XAUUSD Chart. Scenario 1 (More Likely) If we see a Breaktout from the triangle over 1702 BUY to 1709 -> Normaly a ascending triangle ends with a BUY so the chance of a break with BUY are likely by 75% TP1: Scenario 2: If Breakout from Triangle Happens = Short to 1690 If it stays below 1690, further Short to 1682 TP1: "1690" TP2: "1682" RSI: 61 But careful with short -> Bad market and new Coronavirus cases all over the world.
OANDA:XAUUSDLong
by Prend
BITCOIN BTC SPOT Long Term forecast New Cycle (Bull Market)TA to look into optimized buy price and long term sell target Opinions are my own, this is just an idea/forecast to be validated / invalidated by the market price action, not a guarantee of future return or investment advice by any mean, you are responsible of your own analysis, own decisions and outcomes Always remember investing in Cryptocurrencies is very speculative and highly risky, only invest what you can afford and with a sound plan BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by sgabay242
1
Margin Traders Anticipating and Riding Well Latest Bull MoveAs reported by spot vs margin volume indicator, traders' will to go long started 12-16 hours before yesterday's drop (1), likely betting on a 0.618 fib bounce. It happened swiftly after fib touch, with huge spot / exchange volumes kicking in, most in a single 1 min candle. Shorters have contributed to the move with some good amounts of closings (2), aka short-squeeze. Short closings w/ claim transactions (3) were also substantial, and had no subsequent spot follow-throughs. The rise gives bulls extra hope. But Bitcoin still needs substantial additional volume if it is to overcome the bearish structures configured above. For the short-term, if it manages to break some of the downtrend, we can expect a rise to around 8 to 8.3k levels. Trade well. Trade safely. Stay in the game. Best, PhinkTrade
BITMEX:BTCUSD.P
by PhinkTrade
#SpotTrade | $MTL / BTC | @HashedPlutusSignal Info: Metal | Rank: #162 | Exchange: Binance | Direction: LONG Status: Limit Entries Set Analysis: Metal has remained passive since its rapid rush of over 150% in about 9 days back in late September this year. The price returned to the long term flat top wedge. The smaller inner wedge has been broken several times before, each leading to substantial gains. Just yesterday, we made contact with the bottom trend-line, and the price spiked 15% in response. Now we have a chance to get in right where we want! Current Price: 372sats Entry: 3725sats Take Profit: 4285sats, 4680sats, 5565sats Stop Limit: 3490sats (-6.47%)
by Lord_Horst
Nasdaq Internet Industry BreakdownThe Nasdaq Internet (QNET) chart has broken out of a descending triangle pattern back in mid-November. It may be pulling back slightly off the 100% Fibonacci Extension level but still worth checking this industry out for potential trade ideas. The following stocks are within this industry & seem like interesting trade candidates. I would have included links to the charts but the site seems to be having difficulty with allowing me to do that at the moment. Facebook (FB) has broken out of a descending channel at the end of October. It successfully retested the previous resistance level & has hit the 100% Fibonacci Extension price target. We need to see the price continue going higher to activate that next price target. Otherwise, may need to wait for a pullback & catch the next bull wave. Spotify (SPOT) gapped up after an earnings announcement on October 28th. It has since held this level, even bouncing off the 50 day EMA line & creating a symmetrical triangle. We have to wait and see which way this stock breaks but keep this one on the watchlist. Take-Two Interactive (TTWO) seems to have a bull flag pattern & the price may be getting ready to breakout. Current stock price is above the majority of the VPVR volume as well so if it does break out it can get ready to run. In connection to TTWO, Electronic Arts (EA) seems poised to break out of an ascending triangle pattern. This would take the price above the majority of the VPVR volume. Perhaps the video game companies are getting ready to send a signal as we all get ready for Christmas. Cogent Communications Holdings (CCOI) bounced off a major support line in early October. Since then it is creating a bit of a bull flag pattern. Just keeping it on a watchlist for a potential breakout. Tucows Inc. (TCX) creating a cup pattern as it tries to bottom off its most recent highs. Just waiting for breakout confirmation. Cardlytics Inc. (CDLX) gapped up on November 11th after an earnings announcement. The price action has created a bull flag pattern. Just waiting for breakout confirmation. Activision (ATVI) just like Take-Two & Electronic Arts has been in a bullish wave following a long consolidation phase. Since breaking out of an ascending triangle pattern the stock has consolidated. The first two price targets have hit. I am waiting to see if another bullish move can reach that third price target. Yandex (YNDX) produced an island reversal pattern around October 21st. Since then, the price has continued to rise with a gap up on November 18th. Following the island reversal, there were three price targets based on the Fibonacci Extension tool. The gap up took us passed the first target, & the price is currently dancing with our second target. The stock may see consolidation or a pullback before further advancement but a stock worth keeping on a watchlist. Everquote Inc. (EVER) developed a bullish wedge pattern & broke out from that pattern around October 28th. A positive earnings announcement shortly after caused a gap up in price. A strong re-test of this gap level has allowed continued bullish momentum. We have cleared the first price target & the stock maybe finding some resistance around the second price target. The stock may need a pullback or some consolidation before a continued bullish move. Blucora Inc. (BCOR) has recently broken out of a bullish wedge pattern. It may still need to perform a re-test of this breakout but definitely worth keeping an eye on. Our initial price target is based on Fibonacci Extension but the second is from the VPVR data at a level that may provide resistance. The Meet Group (MEET) saw a period of accumulation which preceded the breakout on October 3rd. The chart then showed a bullish wedge that broke out & re-tested. This has led to the current pattern which seems to be a symmetrical triangle. Just waiting to see which was this pattern breaks.
NASDAQ:QNETLong
by Chartimistic