ETSY trade ideas
Looks like: we have our next breakout candidateMACD looks good, RSI looks good, EMA looks good, so why not go in big?!
Well, there is one little thing that is worrying, the overall market.
It is overbought, it doesn't mean it can't go higher, all I am saying that in my opinion we are due to a small correction, before heading higher, so place your bets carefully.
ETSY 6 tests breakdownETSY is now about to test the 192 level of support for the 6th time. Each time a level is tested, supply is being taken out increasing likelihood of a breakout. I'm looking for this to breakdown to the 178 level. There is a zone of support between 167-178, which would be a profit taking zone. A break above the moving averages would trigger an exit, as long as price stays under the moving average resistance the trade is in play.
Etsy new highsEtsy is an American e-commerce website focused on handmade or vintage items and craft supplies. These items fall under a wide range of categories, including jewelry, bags, clothing, home décor and furniture, toys, art, as well as craft supplies and tools. All vintage items must be at least 20 years old.
Example chart for ETSYShort correction then PT 215.10. Invalid if correction passes the 201.84 support level. First chart, do not ridicule me if this is incorrect.
ETSY Interesting action here, can be seen as a bear flag, maybe a head and shoulders, but it is sexy ETSY and shes a strong one indeed looking for 210 bull and 185 bear NASDAQ:ETSY
ETSY slippin' n fightin'As can be seen, ETSY fallen through its upward trendline but found support in its 192-190 region. Now it faces that very same trendline as resistance. Rejection of being to breach this, probably going to result in some more short-term pain.
Little boys and want to be day tradersEtsy is toast. Fried cooked like most of you clueless day traders.
ETSY Breakout WatchEMAS looking OK. Watching for a breakout of the pennant. The box may act as support/resistance. Yellow line may also act as resistance.
ETSY$ETSY - Broke the $217 support and potential to reach $239 to get into the price channel. Possible to test $253.23 ATH with the right momentum and not overextended and not overbought. Demand is there. -BULL
EMAs ReadyEMAS are moving the right way and price is close to both 50+200
We are close to an entry for me
ETSY Round upETSY is showing the beginnings of a rounding pattern. I believe a continuation to the top of the range will continue tomorrow and possibly into next week. Resistance zone will come in around the 237-245 level.
EMA+VolumeI expect EMA50 to retrace few more before thinking about starting a new position.
Rising Volume on this pullback
ETSY shortafter a reverse head and shoudlers pattern i expect etsy to dip back down again after touching its trend line.
macd and rsi are reaching levels that were previously reasons for more downwards momentum.
an option play might be very favorable on this short term
proceed with caution however
Etsy long and short termfirstly altough RSI is pretty low and you might think we are in oversold territory, analysis of previous dips has shown they don't stop until both RSI are below 40 and MACD is below 0
it seems like the more bullish channel has been broken retested, unsuccessfully and ETSY will continue in its bigger trend channel. we might see it dip to 167 or just above as a horizontal support and the trend channel meet. it will likely consolidate a bit at this level but i see a bright future for Etsy and think we will see another rally in anticipation of earnings. as ETSY earnings have been beating expectations very well before.
short term however i see bad news, we might jump a bit from current levels to 200 but dip down again. especially since the overall market is still shaking
let me know what u think this is only my 2nd analysis
ETSY testing 50EMA presents a buying opportunity since OctoberWe had speculated that ETSY will present a solid buying opportunity, and it did on a dip down to $190 right before earnings and blew it out of the park. ATH today! Should continue bullish trend unless there's broader market capitulation.
$ETSY with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $ETSY after a positive over reaction following its earnings release placing the stock in drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
