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Swing & positional trading opportunities for next week (4th Apr)During the week ending 1-4-22, Nifty hit a high of 17703 which is a great recovery from the lows of 15671 hit in the month of March 2022. A 1,000+ points recovery within a short period of time indicates that the overall market sentiment is bullish and should the global situations improve, Nifty may well be on its way to cross to 18000 and thereafter the retest of 18604 which is the All Time High. This may sound simple and easy and it may well end up being so if the FIIs keep ending each day as the Net Buyers. The recent recovery has been possible only account of either FIIs not selling as aggressively as before or they ending the day as Net Buyers. For now, the indices look good for creating long positions. However, on a sector or a stock level, the situation may be quite different as the risk-reward that was quite favorable when Nifty was below 17000 and even 16000 is no longer going to be as painful as it was.
NSE:ADANIPORTS
by MarketsWithKR
Bitcoin is this the moment we have been waiting for?Hello Traders, As we all have been waiting amongst bearish news upon bearish news, we can see that the structure of bitcoin has been showing some bullish signs. After many Alt coins have jumped some points it is more likely than not that bitcoin will follow shortly behind. If you look at BTC.D you will see that it is falling and makes a lot of sense that the alts are running as bitcoin is still in a sideways range. So lets dig into the chart, the first area that will need to be beat is between $44,462 and $46,220, if this is won by the bulls here will most likely come and retest this same area as support. After testing this area I would expect a bullish movement up to the $54k area. If in fact we have a pullback to the lower range of the ascending triangle we seem to be in there is always the possibility that we head down and need to always have a plan for either way regardless of the likely scenario being an upward move. As you can see on the chart I have put these three likely scenarios here drawn out. The main bullish factor I have been looking at which I did not place on this chart as to give you all a better look at the structure is the impending MACD indicator cross up and major bullish news starting to come in across the board for the whole space. I hope this has helped identify some areas and you like the idea. Feel free to leave questions and comments below! Have a green week folks! Tell me what you think about some of the private ideas I have linked below. Savvy
by Savvythe1
Monero (XMR) Does history really repeat itself?Hello Traders, Today we are analyzing Monero . After doing a deep dive and zooming in and our of different time resolutions I have found some very interesting similarities to the previous run on XMR. The First point to note is the bottom of each run seemed end in a similar way to each other. Some what of a cup and handle pattern on the monthly time frame pictured here by the green paint brush stoke at the bottom of each run. The Second run obviously endured the Black Swan Event of Covid shooting a wick to lower levels and adding tons of fiat injected into the economy driving the prices back up quicker yet, the structure stayed very similar. After the neckline of this structure was broken we went on a parabolic run in both instances as well. Only pulling back to test the top of the prior structure neckline. So this leads us to the current situation that we are in now here. The price action has broken the neckline once again and being powered by Fiat injection has made a few different moves yet again, still echoing the past run. Now that the price is heading back down toward the neckline I see a possible two scenarios coming into play as you can see by the green and red arrows that I have placed on the chart. Regardless of which plays out, looking at this has made me gain some confidence on the next few moves I am deciding to make. I hope this research I have done helps you do the same. Keep in mind it is important for you to do your own research as well as I am not a financial advisor and these are just my own opinions based on my research. I hope you all have a green week and I will see you next analysis! Savvy
KRAKEN:XMRUSD
by Savvythe1
3
Thoughts on Bitcoin's likely direction (down then up) Looking at Bitcoin currently, we can see a local ascending broadening wedge after that recent downswing. This is pointing to some further downside to complete a likely falling wedge on the 12hr chart. Likely scenario we see play out is downside to test ~43.5k then start a rally around Christmas'-NewYears towards 68k to try and set a new ATH See previous Ideas posted on Bitcoin for further thoughts & breakdowns on BTC & it's future PA. Likely 10% down followed by a slow 50+% move, will update as PA is available. INDEX:ETHUSD COINBASE:ETHUSD BINANCE:ETHUSD BINANCE:ETHBTC COINBASE:ETHBTC INDEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSDT
by RandomOracle
22
Blackrock at key supportAs you can see, the price has respected the 200sma (blue) since the break from Covid lows. Risk-reward-ratio presented is interesting as you will figure out if you are right or wrong pretty quickly; especially since the Bollinger bands have been contracting as we have consolidated. Trade setup: Target around $1000 for profit-exit. Loss-protection exit 1-2% under the 200sma. Fundamental Analysis ' - The $TNX (interest rates) has broken out which is positive for financial institutions. - There is a cyclical tilt to the market as high valuation companies in the technology sector are hit hard. * Note: Earnings are starting at the end of next week for the financial sector.
NYSE:BLKLong
by dorfmanmaster
USD/JPY Short Analysis 11/25/21 In this analysis I look at the US dollar against the Japanese Yen. Currently I have a bullish bias on this pair and we have also seen a recent low for the USD against the JPY which means it is key time for buying in. We see a key retracement period going on currently meaning price will fall to the liquidity area I have marked on the chart then will most likely print bullish candles. . Using them in confluence is a visual aid for people that have a hard time grasping certain concepts.
Long
by BennettTrades
Dent 132% potential with end of run goal targets of 10XHello Traders, Back at it again with the heavy hitters here! We are looking at Denta coin, which is a glabal moblephone company offering esim cards to liberize the mobile data market place. As you can see here we are breaking out of a descending broadening wedge with a few targets ahead and a potential end of the run goal I lised for all of you moon boys and girls out there that love making some coin! As always, I put together a write up of infomation to better help you understand the project as well as find a medium to purchase it. Have a green week, Savvy ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Fundemental Analysis DENT Price Live Data The live Dent price today is $0.006889 USD with a 24-hour trading volume of $108,559,073 USD. We update our DENT to USD price in real-time. Dent is down 1.57% in the last 24 hours. The current CoinMarketCap ranking is #127, with a live market cap of $682,016,658 USD. It has a circulating supply of 99,007,791,203 DENT coins and the max. supply is not available. If you would like to know where to buy Dent, the top exchanges for trading in Dent are currently Binance, Mandala Exchange, FTX, Upbit, and KuCoin. You can find others listed on our crypto exchanges page. What Is Dent (DENT)? Launched in 2017, Dent is a revolutionary digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups and a roaming-free experience. According to the company website, Dent employs blockchain technology’s powers to create a global marketplace for mobile data liberalization. Dent has an ambitious roadmap ahead, with plans to expand its services to new markets by the end of 2021. The company has already attracted more than twenty-five million mobile device users, and Dent services are available in more than 140 countries. Enterprise partnerships for Dent include Samsung Blockchain, The Enterprise Ethereum Alliance and Telecom Infra. Who Are the Founders of Dent? Tero Katajainen is the founder and CEO of DENT Wireless. He acquired a master’s degree diploma in sciences from Tampere University of Technology in 1999. After graduating, he became a system administrator and java programmer at the university. In 2001, Katajainen became the CTO of Genetics AG, and in 2003 he founded Pocket Indian Software Solutions. Katajainen served as a senior Java/Android consultant for the United Nations in 2015. He has multiple awards and honorary achievements in the field of technology. Mikko Linnamäki is a co-founder of DENT Wireless. Since 2000 he has been an active entrepreneur and businessman. With five successful businesses before founding Dent, Linnamäki introduces himself as a “serial web-entrepreneur and Internet software pioneer.” His most long-standing business venture is Smartseed GmbH, which has been successfully operating since late 2000. Since then, Linnamäki participated in the founding of DEVCOT, one of the largest open-source IMAP servers globally. What Makes Dent Unique? Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data. Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location. Related Pages: Read more about Hedera Hashgraph. Find out more about Origo. Learn more about DApps. Have a look at the CoinMarketCap blog. How Many Dent (DENT) Coins Are There in Circulation? According to the company whitepaper, there is a maximum supply of 100 billion DENT tokens. The total circulating supply at the time of writing is 93,690,412,211 DENT tokens. Of the total supply, 8.6 billion DENT tokens were sold at a fixed price of $0.0005 per token during the company’s initial coin offering (ICO). 30% of all DENT tokens remain at the company for strategic acquisitions and market seeding, user incentives, salaries and bonuses. The remaining 70% of the token supply was released during pre-sale and sale events, and any outstanding tokens were locked up and released quarterly after that. How Is the Dent Network Secured? DENT is an Ethereum based ERC-20 token. This means that the Dent platform operates thanks to the proof-of-stake (PoS) consensus method. Unlike Bitcoin, which utilizes the proof-of-work (PoW) consensus mechanism, Dent relies on large stakeholders to become nodes and transaction validators. The benefits of PoS consensus mechanisms are many, but the most prominent include increased scalability and reduced electrical and computing power consumption. Considering this, many platforms are looking to utilize the Ethereum blockchain to launch their products. Dent is one of the pioneer projects to launch an ERC-20 token back in 2017. Where Can You Buy Dent (DENT)? DENT coins are relatively accessible for purchase, being ERC-20 tokens. One of your solid choices is Binance, which has the largest trade volume of DENT coins as of April 2021. Another option to purchase DENT tokens is KuCoin. Of course, it is crucial to note that investing in cryptocurrency can be risky, as coin prices are incredibly volatile. Find more information here about buying cryptos.
Long
by Savvythe1
4
ETH USDT: Buy Trade setup @ 3150Hello everyone, hope you are doing well. Welcome to another trade setup as a part of "Aglogains - Daily Trade Series". On the 1H timeframe we also see a three wick rejection, the price tried to break bellow 3090 3 times and failed to sustain the move. My entry is on the 1H timeframe, after I observed a double bottom with a bullish confirmation. Entry - 3150 Stop-loss - 3090 (60 points) Take profit - 3230 (80 points) 1:1.33 RISK TO REWARD Will keep you posted on the progress. Happy trading.
Long
by Nihanth_Aglogains
EBAY - 14.18% Potential ProfitGood risk / reward ratio on this trade. Ascending Triangle breakout. Betting on momentum to keep going past the news release of eBay releasing Bag Autenthicating service that could help the marketplace to tap into the second-hand luxury industry. - Target Entry: $65.51 - Target Stop Loss: $63.81 - Target Exit: $75.08 - Risk / Reward Ratio: 5.63 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss - When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.
NASDAQ:EBAYLong
by maschera
2
Trade Set up Tomorrow's market could be sideways, you can do scalp for quick gains in conditions as described below: 1) Go short if the market opens flat or a little gap down and trendline breaks and gives 15 min closing below 33838.35.. Keep a target of 150 points from the level. It can go up to 33506 but that target is most probably against the psychology of the market. Hence saying to book early. 2) Go long if 15 min candle closes above the trendline and again takes support on it otherwise it will be a fake breakout, in case of taking support at the trendline after breakout take half of the quantity in your appetite and add more if 30 min candle closes above 34142.85. Keep a target of 34287 then 34360 then 34760. In case of huge gap up or down-sell calls and put as per the levels marked.
NSE:BANKNIFTY
by vivekz_142
CVS - 6.18% Profit Potential - Ascending TriangleCareful - I will wait for earnings before placing this order. Ascending Triangle formed after a 6-month correction and a recent run. Betting on last month's momentum run. Good risk-reward ratio and target set at a potential formation of a 6-month resistance line. - Target Entry: $77.80 - Target Stop Loss: $75.91 - Target Exit: $82.51 - Risk / Reward Ratio: 2.49 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
NYSE:CVSLong
by maschera
EWC - 6.17% Profit Potential Swing Trade Setup - PennantBullish Pennant formed after a steady bull run. I have not identified a clear technical target, however, I love the risk/reward ratio on this trade and I still feel this is an opportunity to pursue. - Target Entry: $36.83 - Target Stop Loss: $36.50 - Target Exit: $39.00 - Risk / Reward Ratio: 6.58 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
AMEX:EWCLong
by maschera
DFEN - 14.69% Profit Potential Swing Trade Setup - TriangleAscending Triangle formed after a period of correction. The run should resume and price to hit the resistance line. Keeping the Stop Loss very tight. Consider lowering it to $22.81 if you don't have much risk exposure in your current trading portfolio. - Target Entry: $23.50 - Target Stop Loss: $23.20 - Target Exit: $26.90 - Risk / Reward Ratio: 11.33 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
AMEX:DFENLong
by maschera
NTR - 7.85% Profit Potential - Ascending TriangleNTR is a fairly volatile stock. Keep this in mind when you trade it. The risk can be higher. While an Ascending Triangle has clearly formed, the price hasn't confirmed the support line yet. However, the risk exposure is minimal and it might be worth a shot. - Target Entry: $59.11 - Target Stop Loss: $58.18 - Target Exit: $63.66 - Risk / Reward Ratio: 4.89 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
NYSE:NTRLong
by maschera
MSFT - 10.43% Profit Potential - Bullish PennantBullish Pennant formed after a modest 9-month rally. Great risk-reward ratio and target set at a potential formation of a 1-year resistance line. - Target Entry $252.04 - Target Stop Loss $246.36 - Target Exit 279.40 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
NASDAQ:MSFTLong
by maschera
2
BK - 7.90% Potential Profit - Bullish PennantThe level of confidence in this trade is moderate. While I like this setup, I am not fully convinced about the target price. Bullish pennant formed after a 6-month bull run, betting on momentum keeping going. - Target Entry: $50.32 - Target Stop Loss: $49.34 - Target Exit: $54.22 - Risk / Reward Ratio: 3.98 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
NYSE:BKLong
by maschera
SYK - 8.74% Profit Potential - Bullish PennantBullish Pennant formed on a 1-year bull run. Great risk-reward ratio and target set at a potential formation of a 3-year resistance line. - Target Entry $251.97 - Target Stop Loss $246.26 - Target Exit $280.85 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
NYSE:SYKLong
by maschera