Volumespreadanalysis
DOCU - test longDOCU is looking attractive for a short term trade with near term target @67-68 (18% upside from current price). There is potential for a longer term ride should the stock be able to trade and stay above it's 200 day moving average going forward.
Reasons for going Long:
1. On the monthly chart, we can see that DOCU could have formed a double bottom @ 35
2. downward trend has been slowly shifting to neutral with slight upward bias at the moment
3. some accumulation has been taking place in the past 2 weeks+ as with the marked increased in average daily volume
4. recent pullback to 50% fib retracement (acceptable range)
5. bullish morning star formation (trigger for Long entry)
Initial stop loss just below the morning star pattern (around 51.50) with near term target at 67-68 (horizontal resistence and 200 day moving average).
Potential for a longer term ride with trailing stops.
Go long at the next candle as soon as we have price trading just above the close of yesterday's candle with initial stop placed just slightly below the low of the morning star pattern (~ 158).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
TRXUSDTIt is expected to drop to the shaded area to close the last wave of decline before the next ascent
USDT.DAn effort candle made for the top, it broke through an occasional area, and it was tested for it. Currently, it is expected to climb to test the top as a first stage, and from it break it to make a higher peak
Trade Plan 12/20/2022
TP1> If we manage to Trade/Bid above MAIN POC 3857.25, we can test the upside for 3874 > 3886 > 3914 (LIS).
TP2> If we manage to Trade below MAIN POC 3857.25, the downside levels are 3827 > 3800 > 3756.
*All trades must be taken after IB (Initial Balance) 9:45am-10:00am
BTCUSDTA historical trend has been broken, and in addition, a test was made for this break, and it is expected that the result of the break will be a strong drop
BCHUSDTIt is expected to drop to the area specified below, thus completing a fifth sub-wave, then completing wave C, and thus ending three historical downward waves.
OTHERS.DA decline is expected for the shaded area, and thus the decline in the acquisition of alternative currencies is complete and a bottom is formed for it, and in return it strengthens the percentage of Bitcoin acquisition
XLMUSDTIt is expected to drop to a faded square in order to complete wave C and end three bearish main waves
BLXBitcoin's historical waves have not ended yet, there is still the last wave, and it is the fifth wave, but after the end of the fourth wave's decline, which is close to ending at $10,000 levels as an area, from which it will begin to rise, an impulse that extends an average number of two years of rise, ending in the fifth historical wave of Bitcoin
LTCUSDTIt will complete the decline of the shaded area and complete the C wave, and thus it will be the completion of the three historical corrective waves
ALICEUSDTIt will complete the decline of the shaded area and complete the C wave, and thus it will be the most complete historical corrective wave
LRCUSDTIt will complete the decline of the shaded area and complete the C wave, and thus it will be the most complete historical corrective wave
USDT.DIt was based four times on the trend line, and it became weak, and it wants to break down, in addition to closing one last wave of the B wave
DXYThe ending of the Diagonal Ending model is expected to rise to the shaded area, which was the beginning of the formation of the pattern
BNBUSDTIt has completed three small internal waves, ascending correction, which will complete its downward targets again
ENJUSDTIt is expected that the drop will complete the shaded area to end wave C, thus forming the final trough
Another analysis CHZUSDTAccording to Elliott's laws, it is possible that there will be a final upward wave, which will complete the XX wave, but if an upward trend occurs, it is only a corrective rise, not a motive, because the decline has not ended.
BNBUSDTThe drop is not over yet, but it has begun, and it is expected to drop to the shaded area in order to complete wave C
SANDUSDTFrom the new data, it became clear that the decline, wave B, has already ended, and that we are in the making of wave C, with a strong final decline
