Technicals
$EBAY Analysis & Key Levels$EBAY Analysis & Key Levels
Whenever this gets about 17-20% away from the 180EMA I start to get pretty bearish!!!
I am not your financial advisor, but I will happily answer questions to the best of my ability but ultimately the risk is on you.
Red = Key levels
Green = resistance
Blue = trendlines
Have fun, y’all!!
Weekly Watchlist 9/7 - 9/10Here is what stocks we are watching for this week!
NASDAQ:MRNA
Looking for a $420 breakout with targets of $425 and $430
NYSE:NIO
Nice bullflag showing here, looking for a break over $41 with targets of $42 and $43
NASDAQ:ROKU
Currently sitting a major trend resistance, we are looking for a move over $346 with targets of $348, $350 and $352
DOGEUSDT SPOT BUYINGDOGEUSDT trading inside a triangle, also making a cup and handle. Why am I so interested in buying DOGEUSDT now? It's because the technicals are aligning with the fundamentals perfectly. YES! its because the 26th of August is International Dog day. Well I am a trader and I have to depend on both these factors, mostly the technicals. The structure looks good.
So Yeah I am interested in accumulating doge at the moment. I will trade it on spot and will take multiple entries.
ACRX BullishI feel like ACRX is bullish. It is biomed/growth stock season and this one has great technicals and price support. i bought a few.
$AMC Target 49.52 for 39.97%$AMC Target 49.52 for 39.97%
Or next add at 29.18
Just to prove that I use regular indicators too... 🤣
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Short XRPUSD at 0.89050Short XRPUSD at 0.89050
What looks like a long on the shorter timeframe, seems like a false breakout and a great shorting opportunity on the longer timeframes.
On the 15 min timeframe, it looks like XRPUSD is breaking out. It seems to be riding up against the upper Bollinger Band, and using that chart alone, one would want to wait for a small pullback before buying the dip.
However, when we zoom out to the 75 min timeframe, we see that XRP has just reached a major resistance zone of 0.9. Additionally, here EMA50 and EMA100 is weighing down on XRPUSD as it attempts to climb any higher and will provide significant further resistance in the days ahead. To make matters worse, it looks like MACD is ripe for a small selloff from these price levels. A long here on the 75 min chart has a risk-reward of 0.11.
When we zoom out a bit further to the 375 min timeframe, we see that the resistance is actually slightly higher, nearer to 1.0. Also, EMAs 11, 22, and 50 will act to push down price from these levels. We also see a consistent, strong downtrend on this chart with RSI consistently dropping. Regardless of how good the shorter timeframes look, it is not possible to go long at these levels.
Short LINKUSDT at 25.78510Short LINKUSDT at 25.78510
What looks like a long on the shorter timeframe, seems like a false breakout and a great shorting opportunity on the longer timeframes.
On the 15 min timeframe, it looks like LINKUSDT is breaking out above the 24.8 resistance level. On its own, this would suggest going long at this price.
However, when we zoom out to the 75 min timeframe, we see that 24.8 is part of a larger resistance (24-26) that hasn't actually been broken. Additionally, here EMA50 and EMA100 are going to be weighing down on LINKUSDT as it climbs any higher and will provide significant further resistance. To make matters worse, it looks like MACD is ripe for a small selloff from these price levels. A long here on the 75 min chart has a risk-reward of 0.16.
When we zoom out a bit further to the 375 min timeframe, we see that the resistance is actually slightly higher, nearer to 26.5. Also, EMA 22 will act to push down price at this level. We also see a consistent, strong downtrend on this chart. Regardless of how good the shorter timeframes look, it is hard to fight against such a strong selloff.
Short DOTUSDT at 21.4192Short DOTUSDT at 21.4192
What looks like a long on the shorter timeframe, seems like a false breakout and a great shorting opportunity on the longer timeframes.
On the 15 min timeframe, it looks like DOTUSDT is breaking out and has converted the 20.0 level from resistance into support. On its own, this would suggest going long at this price.
However, when we zoom out to the 75 min timeframe, we see that 20.0 is part of a larger resistance that hasn't actually been broken. Additionally, here EMA50 is going to be weighing down on DOTUSDT as it climbs any higher and will provide significant further resistance. To make matters worse, it looks like MACD is ripe for a small selloff from these price levels.
When we zoom out a bit further to the 375 min timeframe, we see that 21.5 is just the MA(9) resistance. We also see a consistent, strong downtrend on this chart. Regardless of how good the shorter timeframes look, it is hard to fight against such a strong selloff.
On the Importance of Using Multiple TimeframesThis DOGEUSDT chart shows us the importance of using multiple timeframes when analysing a potential trade.
On the 15min chart, and the shortest timeframe, DOGE looks like a good long. It seems to have broken through a historical resistance at 0.26, and common wisdom would say that this has become a support.
However, when we move up the timeframe ladder, we see that this bullish case is not quite there yet. Resistance on the 75min chart is actually closer to 0.28, and even then there are heavy EMAs that will be weighing down on DOGE at those prices. From this perspective, a long here has a risk-reward of 0.13.
When we go back further one more timeframe, to the 375min charts, we see that there is almost no bullish case for DOGE. From 0.265, we have resistance up at 0.28, and then next support is around 0.17.
Using this kind of analysis, we can see that perhaps now is not the best time to be going long DOGE, even though on shorter timeframes it seems to have broken through certain resistances.
DXY - Possible downside DXY is showing signs of reversal. It formed a rising wedge which it broke out of last week. I have 2 areas of interest marked out. Fridays candle had strong momentum and closed as an engulfing candle so there is a good chance we could see a push up past the first AOI before coming down which will also give the 3rd touch of the upper trendline. Will be watching for signs of reversal throughout the week which will give us opportunities to go long on some xxx/usd pairs.
EURUSD: LONGA break of a trendline and a retest of that trendline @ 1.17800-1.17900 ish,
Price may be looking for liquidity to fill that Supply Zone @ 1.9900 and a push in FOMC this week may show the direction of the greenback.
Moreover if MACD is being used, we may see a divergence in play on the H4 Timeframe.
My outlook on EURUSD is BULLISH.
Possible IBG Long Position!!ASX:IBG
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.045
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.045
Target 2 @ ....
Risk/Reward @ 1.3.5
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!