eronftrading

eronftrading

Over these last two weeks, my professor challenged our class to go out and commit acts where we would likely face rejection. He laid out the challenge in a BINGO card format and we were instructed to complete a row of challenges. The challenges I was tasked with were as follows: • Ask for a discount before purchasing anything • Invite someone you’ve never...

eronftrading

Comparative Analysis SNAP currently has a market cap of $21B, PINS $10B, and TWTR $23B. SNAP has a net income of just under -$1B, PINS the same, and TWTR became wildly profitable in 2018 netting over $1B. This last quarter TWTR dropped 20% due to weak earnings. Social media platform success is largely due to the network effect of your platform, which means as more...

eronftrading

This stock historically pumps hard for a day or two and drops off when interest in the stock falls. We see this from the lack of volume in the last 2 days of trading, with no more buyers to continue the stock's rise, it will drop back down to previous supports outlined below. This is common in low float stocks where you see massive interest drive the price up as...

eronftrading

With a false rise in the pump following the beginning of the bear market, S&P is in a great position for a deadcat bounce play. If price begins to break down past 2610 the trend will be confirmed. The long term analysis is found in the comments on the chart, it is simple analysis breaking down the possible outcomes of the 2019 bear market.

eronftrading

Although the title might state there is good news for BTC, this is going to come after a period of price movement back down to previous support.Lets first start by looking at the fan lines. We can see that BTC is beginning to slow its downtrend, and historically after a third fan line has been broken to the upside buyers begin to gain confidence and we see a trend...

eronftrading

SPF has fallen short of reaching its all time high of $510 in 2007 before the financial crisis. Could this be a psychological barrier for traders? The cause of the financial crisis was banks taking on risky assets and appraising them, fraudulently, as safe investments in the form of CDO's. Their mistake could have created the largest psychological barrier in the...

eronftrading

Currently, BTC future doesnt look to bright. Having broken down past 200 EMA, as well as uptrend support and short term support, we can expect a continuation of the downwards movement with a consolidation phase in the $7700-$9200 price range. Current spike in volume is higher than the previous spike of the 02/10 uptrend which has confirmed downtrend continuation...

eronftrading Updated 

SPX has two possible outcomes from this sideways consolidation which traders should look for in short term moves. Looking within the breakout area we will be able to confirm price movement. Volume, since the general downtrend confirmed on the 2nd of February, has been steadily declining which should give way to a higher, breakout level, volume spike occurring...

eronftrading

Look for breakout above $2.13 for a continuation of upwards momentum, set tight stop at $2.11 in case of failed breakout to cover losses on potential fall back down.

eronftrading

Bearish Divergence on Volume and Price, volume declining, price increasing. Watch for move back to lower trend line, $1.00 is strong historical support, look for bounce off bottom support and rise past $1.00 level after short term drop.

eronftrading

After having broken previous support at $0.96, look for a continuation of the downtrend to lower support level. Currently formed a wedge with a strong historical indication that downtrend will continue. Gap down open will be a strong bearish indication of a downwards continuation. If breaks out past upper channel level look for move back to previous support.

eronftrading

Look for move back down to lower trend line, will meet or slightly cross 100 ema

eronftrading

all the hype surrounding weed stocks has inherently died down. Large sell volumes indicate a pump and dump, with a continuation of the downward trend in sight. Forming a bearish wedge, supplemented by a short term bearish divergence in terms of volume and price. Looking for a drop down to the bottom of the lower fib retracement level. Another trend to look at is...