aelf — Bollinger Bands Signal 18% Price PumpLatest Performance 📉
ELF has been in a continuous downtrend since March and has lost ~60% since then. However, during the latest market rebound, ELF showed some strength, too.
Signal Details 🧐
At the same time, the token flashed a bullish Bollinger Bands signal. The signal occurs once the price touches or falls below the lower Bollinger Band. At that time, the chance of the price recovering and moving back to (at least) the middle Bollinger Band is high.
Other Indicators ✏️
In hand with the Bollinger Bands, ELF finds itself highly oversold in terms of RSI and Stochastic Oscillator, too. This further seconds a possible recovery.
Potential 🔥
Based on the calculation, the signal has a profit potential of 18%. The profit potential matches almost perfectly with the long-term downtrend line at 0.46.
Tradealerts
Trade Opportunity - MOON COINMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
QUICK will have have a nice move in very near future but watch the video to find out when it can moon . Very important information
It has very good structure and price action , it reminds me of how many other coins set up in the last Bull market before it went parabolic and of course similar to AERO and other ALTs that just mooned
Please watch the video for more information
have a great weekend
Trade Alerts - Sold 50% Arb - Long StorjJust as I wished for yesterday, Santa came through and freed up a little extra cash for me by pumping ARB today. I was able to step 50% of my original entry out for around %18 gain. I have moved that SL up to $1.05 and will let the rest ride to final target or stop out. Either way, I will be all well in the profit on that trade.
Entry for Storj was .715 cents.
Targets are .98 and 1.37
SL is .585 with a rrr of 5/1!
Not fin advice.
Bitcoin Trades this MorningTraders,
As you know, my original target is 31,600. Obviously, from the chart, you can see that 30k is significant resistance as well. Because of the quick pump this morning due to spot ETF approval news, I sold half my BTC at that 30k level. After dropping back down I decided to re-enter at 28k thinking that we'll now use that 200-day SMA for support. Overall target still remains 31,600, however, I may make another play at 30k pending price action, volatility, etc? SLs are 24,500 but honestly, I am considering taking them out completely and simply DCA'ing in another 10% of the total port for every level down we hit (if we get that lucky). We are getting close to moon time now for BTC and I don't want to be shaken out on the way down the way shorts were liquidated just this morning. I'll let you all know if/when I remove my stops.
Best,
Stew
TRADE ALERT - LONG MATIC, SAND, AVAXTraders,
As stated in an earlier post, BTC held my long-standing neckline at 25,200 and then absorbed the 26,500 price. With the hidden bullish divergence spotted on the RSI, the price now favors the bulls slightly. BTC.D continues to trend down and this gives the alts a good chance to follow the lead of BTC. So, as promised, I have begun to pick through a few entries that look promising. These entries appear to be ready to follow BTC because they mimic the hidden bullish divergence on the RSI.
Additionally, you will see they are all ready to exit a bullish descending triangle. All entries have a r/r of around 4/1. All entries will be shooting for the 200-day moving avg. as a target to start. As usual, this is subject to change pending price, time, and pattern scenarios and usually does. Keep an eye on my spreadsheet for those updates.
The first entry I have chosen is Matic. Entry .52 Target currently .82 and SL .46. R/R 4.1
Second SAND. Entry .30 Target .48. SL .25 R/R 3.8
Third AVAX. Entry 9.12 Target 14.11 SL 8.00 R/R 4.6
I will stick to my SLs and may adjust/exit should that RSI dip below the Hidden Bullish Divergence lines I have drawn.
None of this constitutes financial advice. I am an entertainer playing a public game and am simply demonstrating how I play.
Best,
Stew
Buying Optimism - Target 1.58Traders,
Optimism with the triangle breakout and retest is a solid entry rn. Additionally, there is some hidden bullish divergence occurring on the RSI!
Entry = 1.34
Target = 1.58
SL = 1.25
r/r = 3
Not fin advice. Just showing you all what I am currently playing.
Best,
Stew
Going Long on AudioTraders,
I was stopped out of three trades today but all of them had nice little profits. I'll take that going long in a bear market. Let's continue our win streak.
I've added Audio as a long play to at least that 100-day ma around 16.75 cents. SL is 14 cents for an r/r of up to 2.7.
Technicals here show a break of our long-standing bullish descending triangle. We have now retested the top side of our triangle and can expect further upside. Because we are still in a bear market, I am playing these alt plays rather safe. Base hits not home runs.
Not fin advice. DYOR.
Best,
Stew
Buying LTC HereTraders,
In addition to breaking out of the triangle, LTC has now formed and broken the neckline of an Inverse Head and Shoulders. The target here takes us straight to the underside of that RED TL (major resistance) and that will be my target.
Entry = 67.67
Target = around 78-80
SL = under 63
R/R = 2.5
Additionally, I have move the stops of ALL my other trades up to capture at least half the profit of each trade. ALL are in the profit now.
Best,
Stew
Buying Bitcoin HereTraders,
Due to all the bullish indicators I listed in my last post (video), I will be buying Bitcoin here with a target of 31,600 and SL of around 25,000.
1. Our 25,300 Neckline has held once again!
2. 26,300-26,500 Price has absorbed with accumulation
3. RSI Hidden Bullish Divergence
4. Break/Retest of Descending TL & 50-day ma AoC
5. Bull Flag on the Daily
Best,
Stew
Etsy Potential Major Support Bounce Trade IdeaHi guys! This is a technical analysis on Etsy (ETSY) on the 3 Day timeframe, supporting a potential Support Bounce Play.
We've come a long way from our recent Rejection off the "Major Resistance" Red Trendline.
Moving below the 21 EMA (Purple line)
Breaking Below our previous Support Trend line Turned Resistance Line (Black Horizontal line)
To now come in contact with Major Support.
Notice how in Previous interactions with this "Major Support", we have bounced for price gains.
The key is not the percentage gains but simply the fact that we bounce from here.
Our previous candle printing a Bullish Engulfing candle and current candle also in the process of confirming. This supports the idea of further price increases as it indicates buying pressure.
If history is any indication, also remembering that its not an exact reference. We can say that it is "probable" that we BOUNCE from here.
Since its our 3rd touch point in all of the history of ETSY's price action. This also adds to my bounce projection.
Price action tends to react around Support/ Resistance trendlines.
If this holds true, our target for this bounce idea, would be the "Re-test" of the Support Turned Resistance line or "Target 1 Sell Zone".
The 21 EMA also converges currently at the level. So this can be another line we interact with.
STOCH RSI is a great indicator to combine with this idea as it depicts when bullish or bearish momentum comes into trends.
We are currently BELOW the 20 level, but have CROSSED BULLISH.
Everytime we've done this in Previous History, and have CROSSED ABOVE the 20 level it has lead to a Bounce off the Support.
With all that has been said, this is a Critical Area to watch for Etsy.
__________________________________________________________________________________
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on ETSY in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strateg
DAX40 H4 - Short SetupDAX40 H4
We are now into that 16000 resistance region, a nice area of supply and resistance sitting on our H4 and D1 level. We also note, FTSE100 sitting on that 7500 psychological price. UK and EU based indices sitting on some pretty large numbers.
FTSE100 already aimed to make a couple of slightly rejections from that resistance price, as has DAX. Looking for a deeper pulldown now to see some downside swing potential.
This is NOT a wise trade! But I had to...Traders,
Against my own advice, I purchased APE here. Sometimes, you just have to trust your gut. My gut tells me that APE is due for a pump soon. Look at that hidden bullish divergence on the RSI!
Position = APE
Direction = long
Entry = 1.89
Stop Loss = 1.573 or drop below RSI TL, last one wins
Take Profit(s) = 2.873
Risk/Reward = 3/1
Leverage = NONE
Profit Potential = 2x
Best,
Stew
TRADE ALERT - LONG BTCTraders,
I haven't yet received complete confirmation that this is the bottom of this pullback, but I have one indicator that has caused me to at least start my DCA here and that is seen on our RSI. We have now touched the top of our downtrend channel for a patented classic retest. Could we drop further? Of course. But that is also why this may just be the beginning of my DCA entries here.
Cost 28,937
SL 27,000 (pending future price action)
Target 31,600
This is not financial advice. Just showing you all what I am doing here.
Best,
Stew
JOE looks like a great setup here!Traders,
I'm a bit over-weighted in my public portfolio rn, but I really do like this setup in the DeFi coin JOE.
Bullish Indicators:
*Hidden Bullish Divergence on RSI
*Close to Bullish Triangle Exit
*Above the 200 Day MA
Bearish Indicators:
*Under the June 4th Crash Level
*Possible re-trace to bottom of triangle
If I were to enter here, I'd have a Risk/Reward ration of 3/1 - pretty decent!
My target would be that Pivot Low from Jan '22
And I'd put a stop limit just under that .27 cents level at .25 ish.
The profit potential here of over 90% with no leverage on this setup is amazing!
None of this should be construed as financial advice. This was an exercise in conjecture if I were to throw my remaining public portfolio cash at this trade.
Best,
Stew
USDWTI H4 - Long SignalUSDWTI H4
We have United States EIA Crude Oil Stocks Change figures later on today at around 15:30 UK time. This should see a little movement in this commodity. Moving upside in line with previous analysis, just $1/b away from our previous high price.
Interested to see if we can reject from this $77/b price, we have some attractive range targets if we can do so.
TRADE ALERT - LONG ATOMTraders,
Atom dropped from it’s ascending channel and soon afterwards found strong support at the top of the triangle for a classic retest of previous resisntance/now support. A break below this and we should be looking for exit points. I have set mine at approx. $8.50. Target is the June 4th body high at around $10.75
Position = ATOM
Direction = long
Entry = 9.28
Stop Loss = approx. $8.50
Take Profit(s) = 10.75+
Risk/Reward = 2/1
Leverage = NONE
Profit Potential = 16%+
Stew
TRADE ALERT - LONG ETHEREUMTraders,
We have what appears to be an inverse H&S pattern playing out. The right shoulder still has not completely formed, so this is admittedly an early entry and more risky. But with Bitcoin holding it's supports nicely for over a week among other positive indicators, I'll take my chances here.
I bought at the 50 day ma for $1,837. The R/R is 3.37. Final shorter term target is at least 2313.70 (there is a much higher target for that Adam & Eve or some see a C&H pattern) at which point I may only sell half. Of course, I'll be raising my stops along the way. My SL will be some short distance below the 200 day ma.
Best,
Stew
EURJPY H4 - Short SignalEURJPY H4
Here is a comparitive, both eurozone base currencies, typically move very similarly due to correlation, the only factors being the length of the rally and the spikes caused from recent interest rate hikes and economic outlooks from central banks. That being said, both following suit to some degree.
I think we are starting to hit the pivot points for correction as mentioned last week, we have just yet to have seen it. An inkling of downside volume last week, can we see this resume again going forward?
Trade Alert - Long BTCHi Traders,
I'm OoO rn on vaca. But a quick glance at BTC on my phone shows me that BTC has settled nicely above previous resistance and is now using this level as support. Good accumulation has been built and it looks at though BTC is ready to move higher. I bit.
I will establish my target more carefully once I return but for now I will set a generic target of $37k. My SL will either be the avg buy in of my previous purchase and this purchase OR somewhere below that huge area of confluence ( haven't decided yet). I will make more definite targets and SL when I get back and add them to the spreadsheet for those of you who track this way.
Stew