Tradesignal
aave usdtLooks to me like the correction is starting we will be going down to the 162-158 area again. Divergence on mac d 4 hours been on for a while we got a cross down on 1mij 3min and 5 waiting for the 1 hour.
I closed longs at 172 going for short today, keep your risk low 2.5% you’ll be safe
5min chart
Bearish cross 9,13 down through the 20
Ema 9,13,20 pointing down
EURNZD Sell a break of yesterday low.EURNZD - Intraday - We look to Sell a break of 1.6149 (stop at 1.6191)
A break of yesterdays low would confirm bearish momentum.
Daily signals are bearish.
There is no clear indication that the downward move
is coming to an end.
Our profit targets will be 1.6027 and 1.6007
Resistance: 1.6220 / 1.6250 / 1.6300
Support: 1.6150 / 1.6100 / 1.6030
SAND/USDT @TheSandboxGamePlease find detailed insight into SAND/USDT.
During uncertain market conditions there aren’t many opportunities which can be taken advantage of, but one which I’ve been waiting for is SAND due to Alpha 2 being announced (Alpha 2 is effectively the 2nd test bed for their platform which allows people to participate in game play)
In the lead up to and during Alpha 1, Sand went from $2.96 to $8.50 over a period of 3 weeks.
There is no guarantees that this will happen this time round but then there is no reason to suggest it won’t happen and realistically should actually perform even better due to having a larger community behind the project than they had 4 months ago during Alpha 1.
It has been confirmed that Alpha 2 will be going live on March 3rd.
SAND is a project which I feel can still perform very well over the next 12/18 months even if we were to endure the overall market conditions which I have suggested.
Not only are the fundamentals strong with the launch of Alpha 2 announced for 03/03/2022, we also have confirmation of a double bottom at $2.67 which we might be lucky enough to test once more if Bitcoin moves down towards $32,800.
Daily RSI is verging on close to oversold and volume has massively dropped off since Alpha 1 in November last year.
Anticipating a move back up towards $7.00, possibly a retest of previous ATH at $8.50.
Peloton (PTON) - Rising in the time of uncertainty 🤷-Great interest on this stock but is it worth it? Well lets take a look at the company and the situation.
-Peloton’s shares soared almost 21% on Monday, closing slightly above the company’s debut price of $29, as the beaten-down connected fitness company attracts interest from outsiders.
-Thus far, reports have named Amazon and Nike as potential suitors. One analyst thinks Apple is “aggressively involved,” too. But all talks are preliminary, and Peloton has yet to kick off a formal sales process
-For one, CEO John Foley along with other Peloton insiders had a combined voting control of roughly 80% as of Sept. 30, making it practically impossible for any deal to go through without their approval.
Baird analyst Jonathan Komp said in a research note on Monday that Foley likely won’t be willing to sell, unless there is enough internal pressure stemming from Peloton’s recent stock sell-off.
-Financially company is not really doing well as the Q2 2022 results were a total disaster with an EPS of -33% and Earnings -1.51%. This year alone the stock fell 79% from its former price point.
Another big issue financially is that the company is not in profit and won't be for the future 3 years. With the current economical situation where the economy might get unstable after the rate rise, any unprofitable company is at a great risk. Golden rule, positive cash flow is the king!
But we think the biggest issue is that they have less than 1 year of cash runway..
-Revenue vs Market: PTON's revenue (16.9% per year) is forecast to grow faster than the US market (9% per year). This is good!
-High Growth Revenue: PTON's revenue (16.9% per year) is forecast to grow slower than 20% per year. Not so good for a company that is expected to grow faster than the industry and the market average.
Our Target Price:
1st Target: $35
2nd Target: $24
DXY Critical Point 11/02/2021we can see the price has showed some resistance and felled off back to its bearish trend but yet we have a heavy Accumulation zone at 88-90to which market has already showed some reaction and it stood as a support area, we may have some retrace back up to the 38% or 50% of current bearish wave Fibonacci levels and then heads down to the -61.8 of the same wave expansion,
we have defined few TP areas by the confluences of Fibonacci and Price Action where we expect to get if DXY continued its down trend.
from the other side we are having some fundamental news also coming which is not seems to be that good for the greenback and some how supports the fall of the Currency temporally
by this analysis we can be more bullish on the USD Quote instruments and bearish on Base ones.
we are publishing this idea Neutral we had seen some Regular Bullish Divergence with MACD coming up in the Weekly Time Frame which is in the linked ideas
EURUSD Critical Point 11/02/2021as we had observed a H&S pattern on this instrument (Linked) and Bearish Divergence with MACD (Linked) now we are at a critical point
as market can move heavily to either of sides.
we can take our positions as soon as we get a break trough and confirmation pull back on any sides.
we should have an eye on DXY as it has also showed some reaction on its current zone(linked)
we shall update this instrument as it gives us a better definition soon
EURCAD Bearish Divergence, yet Longing Chances Too 07/02/2021 this instrument has got two scenarios
seem bearish to our eye as it has done its Distribution after showing some Regular Bearish Divergence with MACD which is the sign of trend reversal and a retracement unto the Fibonacci Golden areas but it is conditioned to break the blue trend line and if so the we can have our 2 bearish TPs...
if not
then we have the Bullish scenario which we can target Minimum of 1.71 CAD of our Fibonacci expansion .27% where we have specified it as Long TP.
Remember it is on the Weekly time frame so we may need to be more focused on fundamental of the market to get the grip of our Final decision and use the technical chart as a confluences along with it...
we are having mostly Bearish sentiment on this but we kept the Bullish back door open yet
which side do you think it goes?
RSR Analysis with 3 Targets 07/02/2021as we ca see this instrument is just broken its past low accumulation zone and entered to a volatile accumulation zone
which is its preparation zone for some blasting move up.
we can forecast the up coming targets by initially the parallels leg zone of Fibonacci projection 1TP and if touched by the 2TP which is the extension zone of the same fib projection and i.e. we are defiantly meeting our 3TP
and then a fall or some retracement in its coming distribution zone so keep it on for now
what do you think?
Gold Price Action Analysis 01/02/2021we can see an ascending channel and supply and demand zones
i am mostly bearish on gold to 1750 or even 1550 but as we can see the price is trying to break trough the lower bound of the ascending channel and if broken there exist a support line at 1794 which can be a range zone
the other scenario is having a bullish view and we have the rejection and bounce from the same area as it is currently and directs to specified zone by the red line which is Fibonacci projection of 1
please comment your view
Royal Dutch Shell - Selling into the gap for more downsideRoyal Dutch Shell 'A' - Short Term - We look to Sell at 19.49 (stop at 20.37)
Short term momentum is bearish. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We have a Gap open at 19.49 from 25/11/2021 to 26/11/2021. We expect a move lower in a corrective sequence, targeting Fibonacci retracement levels. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile.
Our profit targets will be 16.84 and 16.00
Resistance: 19.49 / 20.30 / 21.15
Support: 18.14 / 17.80 / 16.82
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XRP 182% potential :0Hello traders,
Maybe you know maybe you don’t, but, XRP is my top pick for 2022 and my favorite as far as potential gains.
Regardless, it seems that XRP is within a symmetrical triangle pattern, which generally you would wait to take this trade until the price action breaks above the top of the triangle. Mainly I am posting this to give you guys the first target which I honestly believe we may blow right past.
Stay diligent out there friends, keep your ears to the streets, eyes on the charts and stay mute to the FUD! This technology in crypto is very close to the same innovations that the internet has brought to humanity. Invest accordingly! DYOR at the end of the day and don’t forget to leave your opinion, comments and likes below!
As always, have a green week and thanks for following!
Savvy,
USDCHF Short term longi was bored so here's what i came up with. right now price is at support trendline on the daily and i believe it just completed the motive wave pattern 12345 and the first wave of the abcde corrective wave. Notice the divergence. so we're going to trade the retrace as a long position until which ever fib level it reverses to then after that we'll be looking to short it until the abcde pattern is complete. let me know what you think in el commentos.