$SQ Technical Analysis$SQ KEY LEVELS
White Lines = Supports
Yellow Lines = Resistances
Purple Line = Point of Control
1SQ trade ideas
SQ!!!Massive moment for SQ. Massive 20 ema resiatnce on 3hr at 254.16. Huge resiatnce we are trying to test at 253.80. This could go either way. 2hr MACd is about to get a bullish MACd cross. If this pops and holds above 254 I think it’s a long
SQUARE - 🚨Attention, it's getting dangerousHello everyone,
SQUARE is definitely one of the current hype stocks. Accordingly, the share price has developed well in the past. But everything moves in waves and Square will be no exception. There are some warning signals in the chart that suggest a strong correction. And it is precisely this expectation that I would like to use to determine a nice long-term entry.
Chart-technical assessment
- The momentum of the trend has clearly cooled down in the weekly chart and is slightly negative according to the MACD indicator. This is also reflected in the fact that no new high was formed in recent weeks.
- On the downside, a clear support zone can be identified in the chart (grey box).
- Within the supposed top there are two very exciting candlestick reversal formations.
1. evening doji star: A formation of three candles. This formation is not very common, but when it occurs after a strong rally, we should pay close attention to it. The formation represents a strong trend reversal signal with a good hit rate. The top of the Evening Doji-Star formation is considered strong resistance and is located at 283.19 points.
2nd Shooting-Star: A formation from one candle: The Shooting-Star is another trend reversal signal. Moreover, it additionally occurs in the range of the Evening Doji-Star.
Conclusion
- The chart gives many warning signals that the party at Square is over for the time being. Nevertheless, no decision has been made here yet.
- Should Square sustainably overcome the upper side of the current formation at 283 points, a further long movement should be the consequence.
- Should Square fall through the lower support, as I expect, I will use the marked zone in the chart as a buying opportunity. This is where many supports and the price target of a sell-off come together.
As always, it's "do your own research" - I am not an investment advisor and this analysis reflects only my personal opinion and is not a call to individual action!
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Best regards & success!
Chartdigger
Bearish Bat into a long setupStraight forward long setup after completion of bearish bat with price bounce off of high confidence price Fibonacci level.
SQ Bouncing of 38.2% Fibonacci retracement levelNote: Publishing first idea here and a beginner in charting.
Square seems to be bouncing of the 38.2% fib retracement levels. I might take start a position here once I get the confirmation. Will take profits in according to the fib extension levels shown.
SqYou guys know I went long on SQ at 230 level I posted about and took massive profits off a option call that I should of bought way more of. I sold my call around 272 for a monster gain. Had a target up at 279 that hit almost to a T with a blow off top
Should of did a PuT there but I was more focused on some crypto and missed the short
Any ways. This level of 245 should act as decent support here and we did wick to the 243 200 ema so far
As long as we hold here I wouldn’t be surprised if we get a big bounce at some point. Next level below is 238 and below that would potentially be another free fall.
I did get filled on some
Share purchases down here but I’m not sure if I will close it out yet for now I’ll keep it here
Looking for Wave 5 Soon?If we can find that $237 support level we could see wave 5, potentially to $320. However, it is possible that we are seeing a double top here and this is headed back to $180. People seem to like this company and that probably won't happen, but it's good to keep that bearish pattern in mind. If we break that .5 fib level this could be really bad. Good Luck!
$SQ remains in trading range BEARISH the IV rank is about 22%, the candle closed with little to no buying pressure, that suggest there are not as many bulls in this stock. The indicators point to a bearish downside in the next coming days. Price has been ranging and continually getting rejected at that sell zone and bought up at the buy zone. The volume has been decreasing if you pay attention to the bars, I think we see volatility reverting back the mean in the next coming days.
$SQ Technical Analysis$SQ Key Levels:
Supports:
- $254.41
- $246.49
- $237.45
- $225.49 (Point of Control)
- $200.00
Resistances:
- $264.27
- $278.13
- $283.19
SQ DOUBLE TOPDouble top same volume as the pullback from before, bouncing off top BB. Gap from AH lastnight to fill also, Nothing extreme ill be playing 0day options tomorrow. Could go either way tomorrow, the markets are going nutz right now. Ill enter with confirmations,
ENJOY, tell me your thoughts!
The great crash of SQ after a quick rebound? We are not in a bull market and today was a quick rebound to a few days of lower prices. Also, the interest rates are at a dangerous level and the stimulus checks are expected to go toward savings and paying up debts, as opposed to "flooding the market". So what does that mean for SQ? The most probable scenario is a short recovery to 237 followed by a medium scale crash down to 171 level by March 21st. Let's see how the market unfolds.
Thanks
AH
How I'd trade itOn the chart I put some comments about key levels and events by #SQ, which Is constantly on my watching-list.
Any kind of comment is appreciated.
Double bottom on SQ potential for 300the double bottom has formed on sq since its major downtrend from ath at $280, have been looking at this for a while lets see if it confirms and goes for an uptrend.
Looking for an hourly trend break.SQ has been walking up this trendline since March 30th and could run into ATH resistance tomorrow(ish). If we get an impulsive break I would expect a retest of 255 or lower.
Megaphone patternSometimes, it doesn't need much technical analysis to figure out the price action expectation, the low was predictable so will be the next top :)
$SQ Square Bullish Price Targets
Big week ahead for SQ as the Coinbase IPO could add some extra fuel to its recent rally.
First major target it to the pervious ATH and dependent on market conditions the possibility of a move to the Fibonacci 1.618 extension at $300 is on the way.
SQ - Double Bottom PatternI am still very bullish on SQ, holding my may calls until my target of $278 is reached, could break through $280 and surpass AH.
$SQ Potential Cup and Handle 4/12Video breakdown on $SQ Had a great week last week but we could see some healthy profit taking going into the first part of next week. Thank you for your support! if you like this video or any of the videos linked below leave a like and follow for more!
