A brief walk-through analysis on my most recent position. In this video I talk about: Breakout analysis of Cardano Profit Targets utilizing Fib analysis Trade entry using basic position sizing calculation Identifying stop loss and support areas RSI divergences Thanks for watching! 🤙
This is just a cleaned up chart from my analysis HERE. Trade logic summary: Cardano has been holding this ~$0.40 range for the past four months or so while making lower highs creating what appears to me to be a triangle. Using the triangle to estimate a time horizon for this trade, I'd expect a break out in one direction or another by the end of...
Looking at ADA potential moves. Final analysis published as idea here:
In depth analysis for idea presented given in stream HERE
Review whats happening with Bitcoin right now.
BABA showing a potential breakout from bullish RSI divergence while hitting a strong area of support on 1D timeframe. I will be watching the $145 - $138 range closely for support in the coming week. Bull Case Expect PA to retest and find resistance at the $158 region. A break, retest, and support of $158 would act as confirmation of likely further bullish...
Marijuana stocks have been on the decline for a while, but things may soon start turning around. Last month, the House Judiciary Committee advanced HR 3617 or (MORE) Act of 2021, a bill that repeals the long-standing federal prohibition of marijuana by removing it from the Controlled Substances Act — thereby ending the existing state/federal conflict in cannabis...
Taking a look at the previous week and the week to come.
Taking a look at the past month and the weeks to come.
This is the published idea for the analysis done in the video walkthrough HERE Looking to trade the RSI divergence on a 4H time frame. Keeping a tight stop loss as no confirmation of divergence has played out and I am taking the trade preemptively. Risk of loss against portfolio has been identified and accepted. Entry : $4.80 TP1 : $4.97 - To cover...
Lets look at whatever comes up. Throw it out there and lets take a look. Boom boom boom
Wanted to give a video walkthrough of this trade to cross reference the published idea to give some perspective on my thought process for it. To track the progress, see the link to the idea below.
A walkthrough of my most recent analysis of API3.
API3 appearing to find support on well correlated uptrend. Anticipating support at -2 standard deviations (SD) below regression trend mean to hold. Watching for either a mean reversion, break above, and retest for bullish confirmation or break below -2 SD for exit. Analysis: Price Currently price action is ranging between $4.75 resistance corresponding well...
Going over the creation, set-up and usage of alert conditions. Jump in and say hi!
TEL indicating a potential breakout of ascending triangle and break above linear regression mean after finding support at -2 standard deviation level. *Confirmation of this breakout still needed to increase confidence of a run higher* Analysis: Multiple bullish indicators suggesting high potential for break above linear regression mean to make new highs. My...
Ripple has been filling out what could be either a symmetrical or ascending triangle since its last pump in February while ranging from about $0.42 to $0.49 since Feb 24th as it tightens into the vertex. Anticipating a breakout within a week or so with a slightly bullish bias, my confidence of a move in either direction is not great. Analysis : Daily...
Please take care and observe NOK's price action of the coming week. MACD looks set up well for a Bearish zero line MACD/Signal cross. It's been my observation that when this set up is realized there is a large move to the downside that generally follows. Watch for this week's close to maintain or exceed $4.00 A close below $4 level without significant bullish...