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FTT/USDT 1D. Channel. Cycles. Accumulation. Idea.Idea on the secondary trend of the FTT token of "scam exchange" FTX. After the FTX scam horizontal channel started to form. There were 2 accumulations zones which lasted each 30 days ~(1 month). After that the pump followed. Now the price is between this 2 accumulation zones(buffer zone) for 3 months already. After first pump local dip formed, after which another pump(2nd wave) followed. This wave formed local cycle at the duration of 32 days. Shown on the chart. Above the chart each period is described. Below - what happened at each point of a new cycle. Lately, after each new cycle(beginning since Aug 18) - we've seen price increase from 30 to 40%. This 3 local pump waves formed an ascending triangle(bullish formation). Next cycle is on Nov. 22. 15 November is the date of listening for FTX case. So, what do you think more likely - rise to somewhere about 2.2022$ zone(89.6% from current)? Or the dump to the support of the "outer" channel to about 0.8088$ zone(-30.81%)? By the way, since the beginning of the last local cycle - we've seen a significant increase in volume(Bitget exchange). Local resistance of the triangle is 1.22-1.33$$ zone.
Long
by TradingTsar
I SPY CHART - TRENDS Sharing my chart for SPY for this week. This is nothing more than a preliminary trading plan that prepares me for movement in both directions. TBH, I'm not totally sure how it plays out yet, it's one of those moments where you have to keep reanalyzing in real time to adjust prices and trends. I can say with some certainty that there is a pretty good price drop coming, and I think I've identified the trend that will cause it (hot pink). I would watch for a trend break on that trend. If it played out like this, it wouldn't surprise me, but obviously, I would rely more on the trends and price targets vs the arrow path. Good luck! Honestly, if you miss a short entry on a steep drop, instead of jumping in way too late, consider a 3x leveraged ticker and buy in the bullish direction. Realize your profits, and you'll make just as much. LONG TERM is favored for bulls until some major trends break or WW3 starts. I have other charts that cover those projections.
AMEX:SPY
by nicktussing77
2
AUDUSD: Thoughts and Analysis pre-RBA Today's focus: AUDUSD Pattern – Range /Distribution? Support – .6287 Resistance – .6520 Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart. Today, we have run over the AUDUSD as price continues to test resistance after Friday's fantastic rally after US employment data sunk the USD. Technically price looks good. We have run over price action we want to see to show a continuation in the AUDUSD. Two factors are the USD strength and the RBA rate decision. Rates are expected to rise tomorrow, but will this be it, or will the door be left open? The USD momentum change is another key. If this trend continues, we will look for the AUDUSD to contnue its current trend. We do want to see a new higher low to show a solid trend structure. Good trading.
Long
by Eightcap
GROV - IF you want a "Squeeze candidate" try this one. There is some serious potential here on this stock. After such a big drop, those short positions are going to close, which will end up springing the price upwards. There is potential for a big short term run-up on this stock. Price targets are marked. Relevant trends are marked. This trade won't be for those not okay with massive risk!! The lowest price target I currently see is marked in red. Imo, this price target will ultimately spring the price higher in the end, and you can probably buy that dip with some confidence in some kind of bullish price action to come and cover losses. Ultimately, we could very well see a situation like this play out. This line won't be very accurate overall, please follow the actual chart and indicators, however, this movement projects to be quick, but it's hard to tell. If the trends are projected accurately, it times the crash to mid-late Jan, and it times the run-up into starting next week. If I was trading, I'd pay close attention to that 3.83 mark, with potential to keep going up to like 5.8 or so..
NYSE:GROVLong
by nicktussing77
2
$SOLUSDT - x2 and it should be an intermediate milestoneBYBIT:SOLUSDT is ready to show 200 and more percent in the 2-6 weeks. Good potential, aligned with the Bitcoin dominance sharing and positive moods of investors. Further steps depends on the Bitcoin behavior, but aware of the final result - goal is 39 opposite 19-24. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
Long
by furoreggs
SPOT EARNINGS CHART - SPOTIFY TRENDS SPOT chart for earnings. IMO, it probably see a rejection around 152ish and then drops down to buy zone 1. After buy zone 1, the return takes it back around 142-147. Due to the nature of earnings, we could potentially see the drop to 126 all within the AH Earnings potentially takes it down all the way to 102. It's hard to say that earnings pumps, and the reason for that is due to the tech sector. Most tech stocks heading into earnings look like a small pump, followed by a decent sized retracement. Potentially this, it would allow for some great movements, and trade setups.
NYSE:SPOTShort
by nicktussing77
Total index analysis Crypto Total 2 has broken down the upward channel and has tested the supportbelow it, now we can see this weekly candel is now open and heading upward. besides that we can see an obvious RD + in MACD and MFI. and Elon Musk just tweeted again! so in my opinion we are about to see a pullback to the broken channel and after that we have to see if there is any sign of getting back to the uptrend or that is just a technical pull back and we have to get ready for a massive dump and a long bear market for crypto market . im bearish until i see areal good sign here. the first target for the market total is retesting 2017 high. comment your opinions down below:)
CRYPTOCAP:TOTAL
by sobhanjtn
ET (ARE ALIENS REAL?) trends chart ET randomly came up on my radar. And yes. I decided to look at the chart, and it looks like it's about to experience a break out pump, but I don't see the pump really being too significant overall. I'm not so sure it makes it past $15, but maybe. HOWEVER, there are two things to note, one is the biggest green trend line. THAT IS STRONG. There is a high probability that buying off that big trend will result in a bounce and quick profit. How long it takes to get to that trend is the question. It could be awhile, but it doesn't have to be. Here is the cool thing, because this stock looks to be maxing out, and seems to be nearing the top, it might be a good play short. Essentially, we pretty much know where it's going, we know it's breaking out on the short term, we're pretty confident there will be resistance at 14-15 with a max of 16-18, we can setup a trade play with this info as it gives us an above average chance of being profitable in multiple directions. Example, you'll potentially see multiple bounces off the line with some well defined resistance, meaning you can trade both directions. Once that green trend breaks, as noted by the huge downward line, you'll likely see a BIG drop to the downside. When price touches the bottom side of that trend, there is a good probability the short position will be profitable.
NYSE:ET
by nicktussing77
LIFW is a stock to watch this weekInteresting setup here, as we have support, setup in an area that can easily lead to a big gain. The Weekly RSI just crossed up. The daily RSI is overvalued, but still pumping. This suggests that we might see a final push as those last big holders exit, before another huge drop. That green bullish trend line is likely going to be the buy/sell line. If that holds up on your trading timeline, I'd consider a trade entry. After the break of that trend, you'll likely see a bounce off one of the green lines, with a return to the bottom side of the trend. IT is at that point, upon conformation of price action, that we will favor the bearish position until a new bullish trend is picked up. Until a break of the green trend line, favor bullish positions. NASDAQ:LIFW Personally, I could see the stock breaking downward in the short term, and bouncing somewhere around that .17 area, and which would setup a nice bounce back to the bottom side trend. I'm not totally sure about this yet, as I can't quite see the move developing yet. Be prepared to trade in 2 directions as it could move either way. Big potential on the upside to double, and bigger potential due to recent volume. However, there is definitely going to be a big drop from that bearish trend line, it's quite strong. I'd exit immediately and reset positions upon hitting that line. You might miss a small percentage, but it's a solid exit point to limit emotion trading and securing profits.
NASDAQ:LIFW
by nicktussing77
2
(DXY) collapse of the US dollar?DXY is at a critical point right now at the end of May, The fact the United States is continuing to print cash non-stop and the fact our economy is slowly dying due to Cov-19, I believe the DXY is about to go on a harsh downtrend and maybe even revisit 2008 lows drastically affecting the strength of the USD and the economy as a whole. For sure gold and silver will be the safest bets for this upcoming crisis but how would Stocks and Crypto be affected by the result of the US dollar becoming weaker, and how can an average investor profit off this major event? (Everything down below are for educational purposes only nothing i say is financial advice) Stocks: Overall most stocks will have a-lot of selling pressure and will most likely will continue to bleed intill the economy recovers Gold and Silver: Simple, When the dollar gets weaker gold and silver goes up thats why i its smart to have a good amount of savings into silver and gold assets so that you can maintain and grow your wealth during a crisis. Cryptocurrency: This is where a-lot of investors are divided and disagree about the future of Cryptocurrency. One half believe's that its the future and the market has huge potential while the other half believe's that most Cryptocurrency's are scams/Ponzi schemes and its not a real asset. in my opinion if the DXY does continue to go on a downtrend it will cause more buying pressure for Cryptocurrency's because of the fact nobody smart wants to hold cash if the value is decreasing rapidly over time. If your skeptical about Cryptocurrency 's I highly recommend you do research on both sides and then make your decision about the matter instead of just closing a blind eye too it.
TVC:DXY
by Popwwe123
1
Don't get caught playing in the sandboxDescending channel on the daily chart with 50 day MA touching top of channel just as trend entering the ichimoku cloud. If you look back along the channel both times the ich cloud has been entered it has lead to a further move downwards. With the macro looking pretty bad with the SEC going after the whole crypto market except bitcoin. No resistance plus a rising BTC dominance may mean sand has a low way to drop over the next few months. As always not financial advise, so its not.
Short
by BringTheFingerBack
1
Trendlines Explained Trendlines are graphical representations of the price movement of an asset in a financial market. They are formed by connecting a series of highs or lows of an asset's price over a specific period. The resulting line can be used to identify the direction of the trend and to help traders make decisions about buying or selling. In other words, A trendline is like a line that you draw to show which way the price of something is going. If the price is going up, you draw a line that goes up. If the price is going down, you draw a line that goes down. If the price is staying the same, you draw a line that stays straight. So, a trendline is like a picture that helps you see if something is getting more or less expensive, and helps you make good choices about what to do with your money. How to draw a trendline. 1:Look at the price chart of the asset you are interested in and identify the direction of the trend. You can do this by looking for a series of higher highs and higher lows for an uptrend, or a series of lower highs and lower lows for a downtrend. 2:Choose the two most significant points on the trend that you have identified. These points should be the highest high and the lowest low for an uptrend, and the lowest low and the highest high for a downtrend. 3:Draw a straight line connecting these two points. This line represents the trendline. If the trendline has been successfully drawn, it should touch or come close to touching at least three other price points on the chart. This provides confirmation that the trendline is accurate and significant. 4:Adjust the trendline as necessary to make sure it accurately captures the trend direction. When a trendline is drawn, it can act as a support or resistance level for the price of an asset. A trendline break occurs when the price of an asset moves through the trendline, either to the upside or the downside. This break is significant because it indicates that the previous trend may be changing. A trendline break can be a signal to traders to buy or sell the asset depending on the direction of the break. For example, if an uptrend line is broken to the downside, it could be a signal to sell the asset because the trend may be reversing. After a trendline break, the price may also retest the trendline. This means that the price may move back to the trendline to test its new level as either a support or resistance level. If the price is able to hold above the trendline after retesting it, this could confirm the trendline break and signal a new trend direction. A retest of a trendline can be an opportunity for traders to enter or exit a position depending on the direction of the trendline break and the price action during the retest. If the price fails to hold above a broken uptrend line after a retest, this could be a signal to sell the asset as the trend may be reversing. Conversely, if the price successfully holds above a broken downtrend line after a retest, this could be a signal to buy the asset as the trend may be reversing to an uptrend. Let's say you drew a trendline to represent the direction of an asset's price movement, and the trendline is indicating an uptrend. However, at some point, the price breaks through the trendline and starts to move in the opposite direction. This can happen for many reasons, such as a change in market sentiment or the introduction of new information that affects the asset's value. When a trendline is broken and the price starts moving in the opposite direction, it may eventually reach another longer-term trendline. This trendline represents a broader trend that the asset has been following over a longer period of time. For example, if the original trendline indicated an uptrend for a few weeks, the longer-term trendline could indicate a downtrend for the past few months or years. When the price reaches the longer-term trendline, it may bounce off of it and continue in the direction of the broader trend. This can happen because the longer-term trendline represents a stronger level of support or resistance compared to the original trendline. Traders often use longer-term trendlines as a guide for making trading decisions, as they can provide a more accurate view of the overall trend direction. Remember that trendlines are not perfect and can be subjective. It's important to use other technical indicators and analysis to confirm the trend direction before making any trading decisions.
PEPPERSTONE:ETHUSDEducation
by ChristopherDownie
9
📈 9 Ways To Identify an Uptrend📍 What Is an Uptrend? An uptrend describes the price movement of a financial asset when the overall direction is upward. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs. As long as the price is making these higher swing lows and higher swing highs, the uptrend is considered intact. Some market participants only choose to trade during uptrends. These "long" trend traders utilize various strategies to take advantage of the tendency for the price to make higher highs and higher lows. 💥Important thinks to note 🔹Uptrends are characterized by higher peaks and troughs over time and imply bullish sentiment among investors. 🔹A change in trend is fueled by a change in the supply of stocks investors want to buy compared with the supply of available shares in the market. 🔹Uptrends are often coincidental with positive changes in the factors that surround the security, whether macroeconomic or specifically associated with a company's business model. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2