ABNB trade ideas
AIRBNBhad a homie put AirBNB on my radar, looks like a sick entry if support can hold - which seems likely. hold following by a breakout i could be 190 in the targets. volume is on its side
$abnb$Abnb seems to be holding true to swing high from november 16th, coming close to my speculative apex.
Head and Shoulders Price has broken neckline. There is not a confirmed downtrend yet.
Previous head and shoulders pattern noted. It appears there was a double bottom, then price resumed and uptrend before forming another head and shoulders pattern.
This pattern does best in a bear market as the neckline is a strong source of support, until it is broken. Then it becomes resistance.
No recommendation, sorry for the lines versus candles, but I can not get my candles back right now for some reason.
Just a bad day I suppose )o: I am tired of seeing bad patterns as of late.
Airbnb does not look good right now!Looking at the chart from a technical perspective, Airbnb seems to be heading to the lower end of the downtrend channel, as the Lower High and Lower Low Pattern indicates.
RSI would need to calm down as well and even dip into the oversold area at least on a daily basis.
Next stop imo is around 120 USD
If there are no new events like "COVID is gone" or anything in that direction, I do not recommed to go long on #ABNB right now.
What is your opinion? Help the community and comment.
PS. No financial advice! Just my opinion.
Video fluff of $PYPL $ABNB $RBLXcharting as i go on lower time frames. Killer day on ABNB with over 100% ROI. getting crushed on PYPL , lol, and watching RBLX play out.
$ABNB and other stuffabnb playing out as i had viewed it, morning pop and bears will eat... so far, lol i'm short but things can change. don't give back yo money! glta main support coming up so watching candle action at the 170/168 area if it gets there.
ABNB ready?Strong bullish candle yesterday (daily)
Price had already broken out of trendline, and it was consolidating.
Calls: Above PM high
Target: 180
abnb breaking out, a little resistance around 175s🧐abnb broke downtrend resistance, did a retest and successfully bounced off previous resistance.
Now we are approaching strong resistance at 174.24-177.03 these would by my short term price targets.
If it breaks 177 it could hit 187.76 before we see a big pullback.
like and follow for more 💘
$ABNB Trade ideaABNB is looking for wave 2 or wave B bottom between 158-163. Both bear and bull counts point up out of that zone. Will be looking to add longs on reversal from that zone - Minimum PT 181
Airbnb ~ ABNBGreat company
Chart explains itself and I believe this one will be continued to go on discount in the following years but is one of the best stocks to pick up for the future of travel!
Short $ABNBLooking at ABNB, for a low risk short entry.
Stop-Loss = Daily candle close above 50EMA.
Targeting - $151 area. (sub - $142 area = Greedy Target)
Keeping an eye on Fisher Transform & RSI to stay below previous pivot highs.
Also looking at MACD for a bearish cross for confirmation.
LONG - AIRBNB (ABNB) - 1DDECISION PROCESS
Trend is degressive (logarithmic selling strength to target price level)
Strong selling exhaust (price is moving strongly with volumes)
Buying pressure (First buying signal appear on support levels) + Volume pressure but I prefer to wait two signals on two different candle (otherwise it could be already an entry).
Contradictory strength (Second buying signal (and confirmation of first one) appear with a buying volume candle)
TIPS
- If market is lateralizing and didn't took direction until the 61.8% extension of the last mouvement (red vertical dash), exit or target breakeven of the position need to be think of.
- On r/r=1 breakeven of the position need to be think of.
- Always stay aware of economic news and movement of the engulfing market (Here ES1!).
PS : Pay attention to reversal signals on yellow line, it could occured an anticipate exit.
ABNB WILL FIND SUPPORT 151 ALT 142 FOR A TRADE LONG SIDE It appears that we will find support in abnb BEAR MARKET into 151 to alt 142 . I would cover shorts now And long to buy calls for spring , market over all is acting as per forecast For wave C down . nearing the near very soon watch for my posts
ABNBWe saw nice volume last week. I am liking a retest of the channel here on the Daily. We closed right below the bottom of the channel. If we see volume, I will play it to the upside. Be aware of covid-19 related news. It may sell off on news.
AIRBNB | Still Bearish Trend; Go Short.If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AIRBNB , I think we still going to see a downward movement. If you are going to go short, make sure to place the stop above the previous resistance area .
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
ABNB Large Base Formation We're witnessing some relatively volatile price action after ABNB reported solid Q3 earnings. I believe ABNB is a disruptive play on innovation that everyone should hold in their LT portfolio, with accelerating EPS and increasing market share within the hospitality industry.
Technically speaking, the price action for ABNB keeps returning to its broad base on the daily timeframe and bouncing every time. I like watching this base for solid entry points/DCA on my position.
Just my personal opinion, not investment advice.
Airbnb ~ ABNBABNB is one i love to watch continuously .. think it has more to come honestly. Potential double bottom here in place.
Falling Wedge- Bullish - UpdateABNB starting to catch my eye here- Big falling wedge on the hourly, 2-hour, 4-hour, and daily timeframes in addition to sitting right on its 200-Day EMA. Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on the meantime- Previous Charts Attached Below
- Bullish Cypher formed on the hourly timeframe (See Attached Chart Below)
- Sitting right on the 200-day EMA
- EMA's converging & starting to curl upwards
- Bullish Falling Wedge
- MACD cross
- Slight bullish hidden divergence on the RSI (Not Pictured)
PT1- $173.21
PT2- $174.46
PT3- $175.11
PT4- $180.64
--ABNB Hourly--
--Previously Charted--
$ABNB holding support...This name to be added to the Nasdaq 100 around Dec 17... worth keeping an eye on as it holds support...
