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SNAP Longer Term Buy and HoldSnap lost over 80% since September 2021. Recent price drop..they basically said they won't make earnings. Support zone between $4.90-$8.00. If price drops below the $4.90 price it might start getting sketchy. If we see a gap fill, I expect to see some resistance going through $27 zone. Ultimately I can see the stock go between $40-$48 long term. I'll probably be buying in and checking on price over the year while snagging more and more. But I don't expect anything huge soon. It'll be a slow crawl in '22 and picking up steam in '23. Already bought some at $14.22..
NYSE:SNAPLong
by DubbsyFX
2
Possible Descending Widening Wedge SNDLSNDL has been, along with the Canadian cannabis sector, in a long downtrend since June 2021. If you exclude the 2 sharp jumps in prices, the pivot points have been making a Descending widening wedge. This reversal pattern, in addition to the company's recent acquisitions and diversification of assets, may lead to both a sharp jump in price in the short term and an overall reversal of trend in the next year or two. Additionally, the US, Canada's bordering country, has a bill that will be approaching the Senate floor for the decriminalization of cannabis on a Federal level. The news of a vote on said bill will most likely be a catalyst to an increase in price prior to the actual vote; leading to a jump in price. Sndl is currently in a curing stage to increase it's stock price to $1 for 10 days within the next few months. The company also has a stock buyback plan yet to be implemented.
NASDAQ:SNDLLong
by MissingCodex
Short Term DXY DownTrendIt seems DXY is hitting resistance again with 21 EMA and downtrend line. Most likely short term if keeps closing below the trend line and EMA then DXY will keep going down, probably finding support again along the 100.196 price, and maybe bouncing off from there to break out. As for right now, it seems to be looking like DYX is inside a downtrend channel, thus it could keep going further down if doesn't break out of the channel. Which could keep good for BTC in short term, thus showing in the past when DXY is going down then BTC is going up.
TVC:DXY
by Gg23gg53
BTC Long term Descending Wedge hopiumFrom a completely speculative point of view and with incomplete data I thought it was interesting finding this potential setup for a mid year trend reversal. The current Macro environment is a little sketchy but a short term recovery bounce may change things and set up a proper bullish pattern. From the July 2021 recovery (after the May crash) it concluded a path to nowhere having much less volume, retail customers and a weakening RSI. But for giggles seeing a very large descending wedge form into a double bottom could position a Q4 2022 - Q1 2023 cycle to play. From its current state it would show proper bullish visual structure to form from a very average and volatile looking chart while bottoming out the RSI on the weekly. Anything at this stage to pass time from macro events and ease mental sentiment to a predictive nature. Interesting find non the less, but as always there is no crystal ball.
BITSTAMP:BTCUSD
by Roxxed
📊S&P500: recession vs growth in 2022! Prediction for BTC!Hi friends! In this idea I will share my point of view about the stock and the cryptocurrency market in 2022. Perhaps you have noticed how they are linked? Will 2022 be the year of the big fall or the price will renew ATH? Well, let's start one by one. 📊The stock market. As you can see from the chart, it has been rising for about 100 years now. The 2020 covid-19 crisis looks like a local correction compared to the Great Depression of the 30s. Back then, the market fell by 89% and was only able to recover after 23 years. After the pandemic crisis began, the market recovered 3-4 months only to its previous ATH. Remember how much panic there was in the market? It is your choice to take advantage of such opportunities or to panic. After the abandonment of the gold standard, the dollar lost its peg to gold reserves and the new financial system let the opportunity to print fresh money to loan to creditors. There are many pros and cons, but that the U.S. remains the world's economic leader by a wide margin is a fact. It also led to the 2000-2001 .com bubble and the 2008-2009 real estate crisis. But 12 years later, the S&P500 is already up 3x. 🚩Fundamental analysis: 1️⃣ the growing inflation is bad for the the stock market growth. Rising price of the oil, gas and food (wheat, corn, sunflower, soybeans etc.) starts hiking inflation rate. But USA will start to accept Venezuela oil after the several years ban. For your understanding, Venezuela has the largest oil reserves in the world so it will allow to keep the oil price at the previous levels. 2️⃣ The unemployment rate is 3.6%, which is a pre-crisis level! This is an indicator, which shows that the economy is in good condition. 3️⃣ Investment outflows from the EU in February alone amounted to $15 billion! This is the largest outflow in a decade. Investors are looking for safety, so all that money has been flowing into the U.S. stock market for three months. 🚩Technical analysis (TA): 1️⃣ The first value zone is $380 to $400. Such value zones are always a huge support for the price. 2️⃣ The key $400 level. Even though the price broke it down, the whales collected a lot of liquidity to open long positions. Of course, there were a lot of stop-losses of retail traders here, most of the margin positions liquidated. 3️⃣ Volumes we haven't seen in over two years. As you know, there are two sides in trading: those who buy and those who sell. If such volumes appeared, someone has accumulated a huge position for the first time since 2020. During the first volume growth, those who bought at market ATH were liquidated, and during the second volume growth, those who bought back from the first fall were liquidated also. Fundamental and technical analysis says the market should be rising. Even despite the reports about a new pandemic (🙈 pox) the world has adapted and is ready for new challenges. ✅Why is it so important for us that the stock market grows? As we have seen over the past few years, Bitcoin has not yet become a reserve asset and often copies the movements of the U.S. stock market. While the stock market is still growing, the cryptocurrency market is growing as well. 📊The cryptocurrency market. The indicator of the cryptocurrency market is Bitcoin. The price of 99% of all altcoins depends on BTC cycles. As you can see from the Bitcoin chart, it has been in a rising cycle for over 10 years. How to understand it? It makes higher highs and lows, which is a very positive signal. 🏁Will Bitcoin fall to $20,000 or has it already started it`s rise to $100,000? It doesn't matter in the long term. As long as the crypto industry grows and Bitcoin makes HH and HL, growth will continue. Learn how to trade now, use the ideas I post, ask the questions in the comments! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
SP:SPX
by Yuriy_Bishko
13
Will Bitcoin reach 100K?Will Bitcoin reach 100K? The answer is, yes but not. My estimation is mid-2023 (not financial advice). The hype of cryptocurrency right now says it all. There will be a lot of traps to take crypto out of people's wallets. Making them emotional, creating hype, letting them buy crypto at the rise & then bearish mode. In fact, crypto might even fall to 20K. One tip I can give you to make money is, to buy cryptocurrency only at dips. If it falls from that point, don't panic, just buy more. But remember, invest in some strong coins like BTC, ETH, ADA, etc. Only invest the amount which you don't care about if it is lost completely.
BITSTAMP:BTCUSDLong
by Nothingjust
2
ETH - Short-Term Correction? Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Left Chart ETH is still struggling around the 2k support/ demand zone . H4: Right Chart We have been bearish for a while now from a medium-term perspective. The bears seem to be in full control making lower lows and lower highs. Moreover, pausing around the 2k zone, especially with that wick till 1.7k , might be signaling a shift in momentum soon! However, for the bulls to take over, for the correction to start, we still need a momentum candle close above the last high. (in gray) Meanwhile, until the bulls take over, the bears can still push lower for another over-extended bearish impulse movement. How deep that bearish impulse would be? Well, it depends if we close below the 1.8k (daily candle) or not. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSD
by TheSignalyst
14
Let's Look At Bitcoin With No Bias.So many crypto guru's will stone you to death if you speak negatively on BTC! I'm never the one to marry my bias or not believe what the chart is telling me. Here, I used the weekly chart on BTC to break it down from a longterm perspective. Since 2021, I've been trying to explain to people through charting that BTC WAS NOT going to a 100k in 2021!! Had so many people try to fundamentally explain to me how BTC was headed for a 100k. From a technical perspective, it just didnt make sense to me. Even coming to the close of the year, late October if I recall. A lot of guru's were yelling 100k! BTC broke out during & after the U.S election in 2020. It indeed went on a tear making a new ATH of 64k. We all remember the Pullback/Price Correction it went through from April-July 2021. It consolidated around 28k, where heavy buyers sat. Price then bounced and pushed to a new all-time high of 69k by Nov 2021. It was during this time when people where screaming to the top of the twitter fingers, 100k!! BTC printed a "pseudo" double top and rejected and reversed down the week of Nov 15th. It hasn't printed a higher high since being that it entered a downtrend shortly after. It currently is still trading around its support level of 30k. BTC printed 2 bear legs down so far on its weekly chart. I could see some stagnation here for a period of time. BTC, may or may not create a 3rd bear leg down, if so It may reverse slightly before doing so. As of now, I have an overall downside level of 20k. Bullish sentiment is nowhere to be found AS OF NOW from a mid to longterm perspective. To be considered TRULY bullish, BTC would have to at least clear 50k, until then hedge your investment.
Short
by DayTraderEarl
MRPL Positional long 6 months to 1 yearMRPL Positional long 6 months to 1 year time frame Stock has consolidated from July 26th to 20th Sept given a breakout also there are fundamental changes in this PSU company may lead stock to reach higher levels in coming weeks Company Market cap is 9000 Cr. Stock only 2 time of Book value. Only Concern of the companies expenses. Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:MRPLLong
by sbkurandwad77
GOLD XAUUSD Long Term Forecast Towards $5000GOLD XAUUSD Long Term Forecast Towards $5000 OANDA:XAUUSD This may seem unattainable to you and to me, but the analysis that results from fractal and price action analysis suggests that gold is around the lowest price in history around $1800 and history will no longer see the price of gold. Fractal analysis shows that the price of gold ounces will reach $5000 by 2027. The heavy resistance area of ​​1800 and the significant increase in trading volume indicate this. The weekly channel floor closed at $1170 in 2018, and now the high gold price target for $ 5000 in 2027 is not far off. Global policies and restrictions on future gold exploration reflect this significant price change. After gold reaches this price, wait for the analysis to continue in 2027. The world will be stable in peace and tranquility after this great global challenge in war and bloodshed and unrest.
OANDA:XAUUSDLong
by TradeMan13
5
Ethreum - Medium Term Trading Idea - 18 May 2022KRAKEN:ETHUSD in the past week collapsed to $1'720 and finds support at mid-2021 lows. There is a big probability of over 70% to start some kind of accumulation, but big whales will try to drop it even lower over $1'600 - expecting this scenario in action at the beginning of June. What is the supported thesis technically for the expected scenario on Ethereum? - 9 months wedge formation will take a pressure on price action in the next 1-2 months - The MACD indicator hits low points and soon will start forming some flat - On Daily TF the downside impulse is still not finished - Don't over-react the situation is still nothing so scary If you have any questions related to this trading idea I will be happy to provide you with answers.
KRAKEN:ETHUSD
by TradingTie
SPY- Potential Reversal (Update- Bullish)Following a massive head and shoulders forming, the SPY has seemingly found a bottom. Watching closely for a potential bullish reversal here as there has been quite a clear shift in momentum the past few days. The SPY is forming an inverse head and shoulders on the hourly timeframe (Not Pictured, while also forming a massive bullish harmonic pattern as well as a bullish ABCD Elliot Wave on the 4-hour timeframe (See attached chart below). This is accompanied by bullish divergence on the RSI as well as a clear increase in buyer volume relative to seller volume. Still treading lightly at the moment given broader economic conditions and very possible rate hikes by the Fed coming, however, am leaning more towards bullish than bearish at the moment. Staying hedged & scaling into long-term buying opportunities. Just some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime - (Previous Charts Attached Below) -- 4-Hour Timeframe -- -- Previously Charted --
AMEX:SPYLong
by jacobosiason7