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Low Volume + Weak Price movement = ROCKET!ETH is preparing for the move! At the current state of the asset, the price does not show any strength or weaknesses of either Bulls or Bears. The decreasing volume is suggesting that the asset is going through the accumulation phase. At the same time, the price is bouncing around the POC of the current month. Trading Plan COINBASE:ETHUSD : There are two potential scenarios that we would monitor. First of all, in the short run, the price should reach the bottom of the trading channel at around $356. This will act as a line of support, however, it is possible that we may experience the strength of the bears and If the price would manage to break below that level with good volume, then the upward move scenario is cancelled and the price will start to decrease in the attempt to form the double bottom, around the Macro Upward Trend line. If, however, the price will be able to hold the level of $356, then there is a good chance for the asset to gain in value and aim towards the level of 400$. Along with the upward movement, we should experience the first resistance level at around $366. If the price will go beyond the 400$ (with good volume), then it would aim for the golden pocket between $420-$426.
COINBASE:ETHUSD
by Wunderbit
5
Forming Divergence on Bitcoin.As we wrote in the previous posts, BITFINEX:BTCUSD price is targeting the final upward rise towards the golden pocket in the area of $11,241. Based on the volume and the level of RSI, if the price will able to reach this level then it will create a divergence on both of these indicators. We are starting to monitor the short position as this looks like an optimal point of entry. However, it would be important to wait for the divergence and the potential formation of either a double top or horizontal channel with the area of redistribution on the top of that channel. Best of luck with your trading!
BITFINEX:BTCUSD
by Wunderbit
7
Bitcoin trading plan (BTC/USDT 4H)The latest upward move of BINANCE:BTCUSDT is not that strong as it may seem. Even though the volume was picking up during the breakout from the area of $10,600, the later movement was accompanied by the decreasing volume. The price is currently entering the resistance area. And comparing the previous downward movement (from 12,000$ to 9,800$) with the current increase in price, it can be seen that the buyers do not show much interest in the asset at this particular price. Trading Plan: 1) The price may increase slightly towards the area of $11,200. If this increase will be accompanied by the divergence on the RSI, this will confirm the reversal. 2) After that, the price may be stuck in the horizontal channel for some time time. The volume profile will show if this will be an accumulation or re-distribution channel. 3) There is a higher probability that after the horizontal movement of the price will go towards the area of $10,300 Best of luck with your trading!
by Wunderbit
4
EXPE - 14.97% Potential Profit - Ascending TriangleAscending Triangle formed into an Uptrend Corridor and new support confirmed multiple times on the 5-min chart on 25th Aug. About the entry, you have two options. Chasing the price entering with a Buy Stop order or waiting for a better entry with a Buy Limit. It comes down to your appetite for risk and current trade situation - I will most likely go ahead with a safer Limit order. Note that the success of this trade highly depends on COVID19-related news, and to AZN's vaccine development. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $96.86 (Stop) or $95.72 (Limit) Suggested Stop Loss $92.42 Target price $111.36 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:EXPELong
by maschera
SNAP - 18.81% Potential Profit - Descending TriangleThis will most likely be a short-term play. Descending Triangle formed after a 4-month rally. Resistance confirmed multiple times yesterday on the 5-min chart. We have two targets, set at a new potential support line. - 1-Month Downtrend - RSI and STOCH below 50 - MACD below Signal Suggested Entry $20.69 Suggested Stop Loss $21.25 Target price $19.61 + $16.55 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:SNAPShort
by maschera
MSFT - 8.91% Potential Profit - Bullish PennantBullish Pennant formed with the possibility to hit the historical resistance line. Entry price conservatively set at mid-resistance breakout. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $216.58 Suggested Stop Loss $211.56 Target price $235.96 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
5
EBAY - 22.14% Potential Profit - Corridor BreakoutCorridor Breakout out of a 1-month price correction. Target price set at resistance line bounce. - Strong Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $57.91 Suggested Stop Loss $56.88 Target price $70.80 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NASDAQ:EBAYLong
by maschera
1
High risk/reward long trade on Lufthansa AG$LHA Lufthansa AG (XETR) 3 Months chart: 4 Hour chart: 1). Limit Buy: 7.678€ or 7.66€ (we prefer 7.678€) 2). Limit Buy: 7.184€ Entry Price: 7.431€ 1). Take Profit: 9.928€ (+33.55%) 2). Take Profit: 12.246€ (+64.49%) Longterm target: 15.964€ - 16.710€ (+114.80%) Stop Limit/Loss: 6.668€ (-10.20%) Risk Reward: 6.36 What do you think? Share your idea and enjoy our opinion. REMOVE YOUR BIAS! Thanks, Disziplinierter_Trader
XETR:LHALong
by UnknownUnicorn2089696
DOCU - 8.68% Potential Profit - Ascending TriangleApproach this with care. Medium confidence on the Resistance Line due to a lack of touch-points. Strong level of support, confirmed multiple times over the past 5 months in an uptrend corridor. Ascending Triangle formed within, just broken out. Place a Limit Entry to ensure triangle support confirmation and decrease risk. - Historical Uptrend and All-time High - Pandemic-friendly Stock - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $220.43 Suggested Stop Loss $214.69 Target price $239.17
NASDAQ:DOCULong
by maschera
PDN T.A.PDN has been in our watch for a long time. Looking from a monthly prospective a possible double bottom is forming. If the break of the neck line occur we expect over 200% rally from current levels. The break of that neckline could also be the beginning of the bull rally that the U-Bulls are waiting for years. In all these years since the last radioactive disaster technology in the industry has improved and become safer. There is a lot to talk regards the U industry. The world is in constant need for more and more energy and Uranium could be the solution. Nobody knows what is going to happen in the future but from a trading/investing prospective we want to keep one eye on the industry waiting for a perfect set up.
ASX:PDN
by TheTechnicalAnalysts
1
S&P 500 further weakness ahead after the false breakoutCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures ( CME_MINI:ES1! ) for 4 May 2020 trading session. In this video, I am going to show you the market recap on last Friday session, the bias for swing and intraday trading, the key levels to pay attention to, and the potential setup for the US session later. 1 May 2020 recap - We have seen continuation of the pullback for last Friday session, which broke the key support level at 2850. In my previous post, I mentioned a potential short entry around 2850–2860 if S&P 500 showed inability to rally up above this area, which worked out very well for an intraday trade. Watch the video trade idea below for last Friday's session if you haven't done so: Currently S&P 500 is filling the gap created this morning over the weekend. This coincides with the day low from last Friday, which acts as a resistance level.  Since the key support level at 2850 is broken, I expect further weakness in S&P 500 to test the swing low around 2715. Again, should 2715 be broken, 2635 is the last level of defense before I need to re-assess a bearish scenario such as to test the bottom in 23 Mar at 2174 or even form a lower low. If S&P 500 can can still commit above 2635, the uptrend from the bottom in March is still intact. Bias - down Key levels - Resistance: 2830, 2850, 2880; Support: 2770 (swing low), 2750, 2715. Potential setup - A rejection off 2810–2830 should present a good chance for a short entry, with profit taking at swing low levels 2770, 2750 and 2715.
CME_MINI:ES1!Short
by mingjong
8
S&P 500 confirms supply absorption with higher targets29 Apr 2020 recap - S&P 500 ( CME_MINI:ES1! ) had a clean and strong breakout of the level 2900 with increasing volume and close near the high. The price spread for yesterday session was large and bullish. This confirms my previous post on the potential supply absorption scenario for S&P 500. Refer to the video yesterday below where I mentioned possible supply absorption for S&P 500 based on the way the up thrust on 28 Apr 2020 turned out: The strong move yesterday acted as absorption on the way up as compare to spending time within a trading range for consolidation to absorb the supply. As the trend is still progressing well within the up channel with higher high and higher low forming, I expect S&P 500 to challenge higher targets around 2980, 3050 and 3130. Bias - up Key levels - Resistance: 2965 (swing high), 2980, 3050 Support: 2930 (swing low), 2900, 2880 Potential setup - I am looking for a test of the swing low near 2930 to initiate long position if the S&P 500 can bounce up on this level, with a stop loss below 2922. The first take profit target at the swing high near 2965. # TVC:SPX # SPCFD:SPX # AMEX:SPY
CME_MINI:ES1!Long
by mingjong
S&P 500 potential supply absorption daily market analysisCheck out the video above for a complete walk through of the daily market analysis of S&P 500 futures ( CME_MINI:ES1! ) for 29 Apr 2020 trading session. Close to the end of the video, I answered a question from reader regarding how to initiate short entry after an up thrust by revealing yesterday's intraday trade. 28 Apr 2020 recap - on the daily chart, S&P 500 futures had an up thrust of the swing high at 2885 as anticipated in my previous post, tested the supply zone near 2916, had a reaction to pull back to 2851, which is a support level and closed at 2867.25. Check out yesterday's idea where I mentioned anticipating an up thrust scenario below: Despite the up thrust movement was accompanied by increasing of supply, the results was not bearish. This could favor a supply absorption scenario where I expect higher target prices for S&P 500, while climbing the wall of worry. I anticipate S&P 500 to settle within the trading range between 2850-2910 before heading towards higher targets. If S&P 500 commits below 2850, this will violate the supply absorption scenario. Bias - neural to up, down (when below 2850) Key levels - Resistance: 2913 swing high, 2980 axis line Support: 2850 swing low Potential setup - a test or spring of the previous day low near 2852 could provide a good long entry with an immediate take profit target at 2910. A stop loss could be conservatively placed below 2842 or using smaller timeframe for tight stop loss.
CME_MINI:ES1!Long
by mingjong
Elliott wave in 1day chart. Is this time to exit?Kindly follow for daily new ideas.💡 feel free to contact in Personal if you have any doubts. I’ll always help for free. :) . Impulsive Elliott wave in 1day chart of Bitcoin/USDT . If you’re long term hodler, You do not need to worry because on weekly chart it is still on 1st wave. (yes, this is good news ;) ) This is a simple yet advanced level technical analysis for BTC . As i said stop loss at 6500 is more safer than 6800. Can you guess the reason? i’ll write in comments.
by Harshgp
1
S&P 500 - anticipate up thrust with a short setup27 Apr 2020 recap - on the daily chart, S&P 500 continued to edge higher with decreasing spread and slightly lower volume compared to last Friday's session. During the last hour, it attempted to test the swing high at 2885 but was rejected and closed at 2869, which is inline with my daily market analysis from yesterday. Feel free to check out my market analysis from yesterday below: Despite the up wave since 22 Apr is laborious, the low supply level does not provide confirmation for short sellers to jump in. Nevertheless, S&P 500 futures reach the resistance level near the swing high at 2885 and it should unfold itself soon. Bias - down Key levels - Resistance: 2885 (swing high), 2915 Support: 2840, 2800, 2750 Potential setup - An up thrust or a test of the day high/non-RTH high should provide a good short entry. Else a commit below 2840 with a weak rally up should see continuation of the down swing to test the support at low levels.
CME_MINI:ES1!Short
by mingjong
Bullish Technical Setup provided by ALEC / Through 26NASDAQ:ALEC Hey Guys, today i´d like to showcase you a sharp ooking Long Setup for a shorter time frame. We are looking here at an uplifting and trending Bio TECH Stock that has shows previous Strenght when the market had its weakness. Alector, Inc. operates as a clinical-stage biopharmaceutical company. They are developing therapeutics for the treatment of neurodegenerative diseases including frontotemporal dementia (FTD), Alzheimer's disease, and Parkinson's disease. No real profits are yet achieved for the Company but it still has a solid looking balance sheet. ALEC had a appropriate Consolidation Phase last week where it bounced back multiply times from the 26$ Resistance Level. Looking at the Hourly the Stock set ups very well it its given Range The Moving Averages dispaly that the Stock should be ready for a breakout expansion with a confirmation from high Volume following through. My Entry would be at 26.10 to not get trapped. Targets are 30, 32 and 36 I´d set my SL at LOD and then trail it with a 15min candel upwards to not give back any gains. This is only my opinion on technical Analysis and not a buy or sell recommendations. Do your own research before jumping into a bandwagon. Please leav me a like or a comment if you want to see more of my Analysis ! It would mean a lot to me and id´be greatly appreciated. Thanks, Sebastian - TradingExperts EU
NASDAQ:ALECLong
by Sebastian-TradingExpertsEU