Technical-analysis
Check out the W's on UBQBTC weeklyWeekly UBQBTC Is looking very bullish at this point.
Tons of W's both in price and in Oscillators showing us that the bottom might be in and that we are ready for a reversal to the upside.
Willy's oversold
W in Stochastic
W in MACD
W in OBV
Other than that there's the location. This project is down so much that i now have a 120:1 risk to reward.
Doesn't look like a bad trade to me. What do you guys see/think?
Let me know!
Cheers,
W
"BUY Signal" :-"NSE:ADANIPORTS" 1 hr Chart ("Solved Signal 1")-BUY signal generated by Solved Signal 1(SS1) in 1 hr Chart of NSE:ADANIPORTS
-NSE:ADANIPORTS 1 hr chart
-Indicator used "Solved Signal 1(SS1)"
-"Solved Signal 1" NSE:ADANIPORTS generates buy signal(by default: text:- SS1, color= green ,shape=triangleup)
on 1 hr chart of NSE:ADANIPORTS .It means NSE:ADANIPORTS can go up.
-Solved Signal uses "NSE:ADANIPORTS" Price data for Solving the Market(See description of Indicator).
-Like and Comment.
-Thankyou NSE:NIFTY BSE:SENSEX
LOADING UP ON TNA TNA which is the Direxion Daily S&P Small Cap 3x leveraged is an ETF that I just came across. I usually trade TQQQ and SPXL while carrying a small position overnight in order to mitigate my risk from daily rebalancing of the leverage ETFs. TNA has run up under 980% since the COVID - 19 sell off and is approximately 40% above its pre - pandemic high. I have heard that small cap stocks will lead the charge up or down before there's a market turn in the S&P 500.
I'm looking at two entry points for this ETF. My first entry point will be at $89.92 and my second position will at $71.32. Due to TNA being a leveraged ETF the goal is to take a small position relative to my account and potential day trade the TZA (the inverse) or TNA with a larger position. I am very bullish on the market and I am loving the pullback that we are experiencing. Based on past analysis, TNA hit a resistance and then pulled back towards a support at $71.32 before breaking through its resistance - and now support - at $89.92 creating a new resistance. The sell off from the resistance at $104.14 looks healthy but I am looking for a bounce off of $89.92 here. TNA is holding its 15 and 50 day EMA strongly after breaking below its 5 day EMA. I will cut my position and turn bearish on TNA if we break below the 50 day EMA. This is the first post that I have made and I am looking to create more whether my analysis is correct or wrong. Thank you in advance for any feedback that readers provide me with as I am looking to do this full time!
Bitcoin Long Trade (update)I changed my View from it being a rising wedge or narrowing channel back to my first interpretation of the parallel channel, with horizontal resistance at the 49700 level which than automatically forms a bearish pattern that has no weight.
The rest of my Analysis can be found in the Ideas linked in this post.
EURUSD - LONG *IDEA*Price is forming a head and shoulder pattern on multiple time frames,
My preferred entry is to see price attempt to break under the 4h zone towards the central daily channel support level.
Fib 0.5 is around 1.20600 and lines up with the central support and left shoulder.
Line up your confluences and only risk what you can afford to lose if you take this trade.
TP somewhere around 100 pips or possibly longer term hold could see around 200+ pips?
$GME - New Short Position - 3:1 R/RI believe the party is officially over for Gamestop.....and the WSB crowd.
Volume drying up, below several key EMAs, and a boatload of bearish fundamental catalysts. $215.00 is the support to watch for a break below - sellers will pile on if we lose this level.
We are short MOC at $225 on 02/01/2021 with a target of $113.50 and stop-loss of $262.00 for a 3:1 risk-reward ratio.
Feel free to comment and share your thoughts!