Alltimehigh
LUNA (TERRA) brief correction before more gain 💡Based on the chart, the price is close to its all-time high and vital resistance area ✔️
before
more gain here, we can see brief correction to the downside, at least to green trend line ❌🧨
if
the price stays above the green trend line, we will see more gain 🚀
and if
the price breaks the trend line to the downside, we can see more correction ❌🧨
if the price breaks the resistance area to the upside, we will see more gain from here 🚀
after all, this coin has wonderful potential and the price soon will break this important resistance to the upside, and we can see more gain 🚀
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
ZEC Most Important Resistance!When looking at ZEC on the daily TF we can see that is currently trading right below one of the strongest support resistance zones that have been established for this project. Privacy coins are becoming more favorable these days with a lot of centralization happening in the crypto space with companies we thought were for the people and decentralization. This key resistance level needs to be broken through decisively. ZEC also needs to show strength by trading in the new range shown above its current resistance. If that second line is broken through and ZEC can trade strongly above those levels another run to the previous highs is looking more possible. It's a strong OG project that's not going anywhere anytime soon.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
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This is not financial advice. This is for educational purposes only.
Platinum new ATH??Hellooo im Back!
The chances are good that platinum will reach a new all-time high in the near future. Platinum to the Moon!
have a nice day to all of you!
ZIM intraday swing playToday's trading idea is focusing on NYSE:ZIM
The stock is gapping up to $77 (pre-market) after Better than expected EPS .
The stock broke an all-time high of $75 that now became a support level .
The idea is to go long at the open when it will try to test the support level and fail.
MATIC/USDT HT Elliot Wave Count , WXY CorrectionI believe that the whole crypto market will make one more low to the downside so this is my MATIC WXY Correction idea.
LMT - Going ballistic????The defense giant is about as bullish as it gets right now. RSI is just right, price action is exciting and nearly vertical, and it's approaching all time highs. It's a good time to be an investor and a scary time if you're thinking about entering. What about day trading? Yes please.
There's a good chance that LMT will at least try to test the all time high within the next couple daily bars. Especially considering that conflicts are breaking out faster than a teenager all over the world. LMT is uniquely positioned to turn lemons into lemonade and a ton of money could get funneled into this beast.
I'm looking for some follow through from today's action, but wouldn't be surprised to see it take a breather before a serious challenge. The result of my analysis? Keep it at the top of the watchlist and set alerts for both ways. This thing can rise faster than a ballistic missile or crash just as quickly as funny looking bird planes from the early 1900s.
Cardano new all time high!Hey Trader!
Cardano has had a Bearish trending line lately. The price has dropped sometimes below some support levels at 0.925 , 1.021 , & 1.188 . However, Cardano still has a strong support which can push the price at 0.706 . Because Cardano has had a bearis trend line and has a strong support level below it, it looks like Cardano will rise a lot in the coming time and form a new all time high at target 4.042 !
Spotting Potential Long Breakouts – Stocks – Alcoa (AA) - DailyCAPITALCOM:AA
Alcoa (AA) is at an all-time high of 62, which it last saw in April 2018. It plummeted after reaching that high and took until now to regain the loss. That’s almost a four-year gap. The question is now what will happen. Is it going to go up or down?
We can deduce a few key chart patterns by looking at the daily chart. Marking out the long-term upward trend from March 2020, we can see that it has had its retracement at the price of 53, which can also be considered an area of support looking to the left.
Not to mention if we grab our trusty Fibonacci Retracement, we can see that it also hits the 50% support level at this exact spot and pushes up.
If we have to draw an Ascending Triangle from the three lowest valleys and connect them to the level of resistance at its current high price, we can see that price within this pattern has actually made a partial rise.
We can see that there has been selling pressure on three specific days trying to keep the price from rising, and volume on those days has significantly increased. If we had to go down to the 1-Hour or 30-Minute time frame, we could see these levels of selling pressure actually create a Triple Top.
However, to confirm this, we need to see price break below the lowest valley between these peaks, which has not happened yet. Price seems to be moving steadily upward. Additionally, we could say that a double bottom has formed at the levels of the upward trend line and that of the Ascending triangle at price 53 and 55).
Also, take note of the strong buying pressure at price 53. Moreover, the second part of the Double Bottom (price 55) is making a series of higher lows. This could also indicate an upward momentum shift.
However, just like the Triple Top, the price has not closed above the peak between these two valleys, so it is not confirmed yet, but it is inching closer and closer to that level.
Another factor to consider (if we look back at the daily chart) is that price has moved to pass the HCR (horizontal consolidation area) - the orange rectangle. This means if price moves lower, it will probably stall here, but moving upward, it is free to run.
If you are looking to go long here, I suggest waiting for the close at least above the level of resistance at 64.35. However, the resistance level is more likely at 65 (a SAR round number). I would enter the trade long only if price closed above 65.
The possibility of it going down as it did from its last high is also a possibility, but the repeated pushing of the price action heading up and up trying to smash through resistance along with increasing volume over time would suggest that it might break upward and in a big way.
I’d be considerate and place my profit at about 70. This would net you about an 4% return (4 to 1) if you place your stop just below the resistance that will undoubtedly turn into massive support at the price area of 62 – 64.
How And When We'll Know Whether Bitcoin Is Ready For New All-TimBitcoin is once again at a crossroad. In this analysis we'll look at the bullish versus bearish setups. In this case we'll look at how and when we'll know (yes, KNOW) whether Bitcoin is still in a bigger correction mode, or whether it's ready for new all-time highs. Stay tuned, and if you appreciate this analysis then please return the favour by caressing that like button. And pop a line should you have any comments or questions. Let's get to business.
First and foremost, Bitcoin is in the midst of a potential channel outbreak after having dipped by -40% - a magical retracement number in Bitcoin to anyone who knows their Bitcoin history.
As long as this breakout can remain intact, things do in fact look promising. And especially so as this downwards spiraling range has been rather narrow. This low volatility has on its own paved the way for a significantly expected move.
What's next is that Bitcoin has respected this key horizontal support zone ...
... at which we've now also seen a local double bottom.
If we look crassly at the graph we can easily identify that we're up against some serious, wide EMA ribbons ahead ...
... but given that we're highly likely still in a primary corrective mode, this is one of those indicators that could in fact act as noise when utilized in the wrong fashion or at the wrong time.
How then do we motivate Bitcoin still being in corrective mode? Well, if we look at the RSI on the daily chart we see that it has swapped back and forth between a bullish red and bearish blue RSI channel. And to those of you who may not know, an RSI channel automatically shifts to a bullish red upon closing above the upper bullish red line, typically set at 70. The same applies in reverse at which we automatically get a bearish blue channel upon closing below 30. For more on this, please watch the extensive RSI trilogy.
Now, why is it relevant at all whether Bitcoin moves within a bullish red or bearish blue channel? The answer is simple: Whenever something is trending, it'll stick to either. As you can see if we zoom out a bit, Bitcoin has been in a long, persistent bullish red RSI channel all the way back to April 2020 at which Bitcoin was trading at $8 800. And mind you, not once since then - corrections included - has the RSI swapped from its bullish channel.
Then came last year during which the spring plunge changed the tune. On the graph below you can see precisely where the RSI swapped channels.
Given that we did NOT get a lower bullish red line closing prior to making our way up, this was in fact a dire warning to the attentive analyst that we, despite our new recent all-time high, were still in a corrective mode.
Unless we can make a clear lower bullish red line closing on the daily ...
... we are by no means done with this seemingly flat correction.
US30 - Trading PlanOverall us30 is still bullish, however I am anticipating one more drop down to fill in the inefficiency left by the market( the highlighted pink zone)
Furthermore, we can see that there are 2 sets of liquidity pools left by the market which I believe will be reached for and targeted before we go on to make all time highs and hit the psychological target of 37500. The dotted trendlines represent the liquidity left by the market.
Although I am anticipating a drop, I will not be selling until I see a valid setup forming, till then I am focused on the buys.
My entry zone is the pink zone and I will start to hedge into the pair as soon as price enters the zone as it could react from any point in that zone.
The black horizontal lines represent my potential take profit areas.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
SPX - TRADING PLANLooking at the 4hr SPX500USD chart I have found a couple of price levels where price may reach for and target before hitting the 5000 mark.
We see price has been consolidating for some time now and making volatile moves both up and down. This has created and left liquidity pools which I believe should and could be reached for. The dashed trendlines showcase the areas where there is liquidity sitting and are also in places where I have identified an inefficiency.
Thus, I believe price could come down even more and target these before moving up strongly and quickly.
Another confirmation of another move and down here is the head and shoulders pattern formed by the market.
Although I anticipate a drop in the market, I will not be selling until I see a valid setup and will mainly be focused on securing the buy.
There are 3 potential trade ideas here. The first one has a more aggressive stop loss to maintain a good risk to reward while the 2nd one has the same entry but a more conservative stop loss.
The 3rd entry is very deep into the retracement and may not be filled hence the earlier entries.
I personally will be placing 1% risk on the first, 0.5% on the second and 1% on the third; giving us a maximum of 2.5% loss.
The black horizontal lines represent my take profit areas.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
DLTR - Dollar Tree, Inc.Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings.
Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be ready to attempt another leg higher, but since this name does not have the strong earnings numbers I usually look for, I will be aggressive with profit taking.
NEW ATH US30???As far as i can see with the help of orderflow , manipulation and overall price action on US30 aka DJ.
I would stay long until we see ATH, probably retracement or correction might be seen in the coming weeks, which might liquidate more positions before making the final ATH.
Please feel free to comment, share your ideas in the chat and also share this idea with other if you think likewise.
2021 Historic Year for the Stock Market!Today marks the proper new All Time High for the stock market index ETF AMEX:SPY (futures hit a new ATH last week).
With this event I did some research and found that this is the first and only year in history to do so. Other years of 1994, 2014, and 2017 had only 11 ATH months.
I'll take this opportunity to throw some shade: if you follow Furus (Financial Gurus) that churned out constant content all year about how the stock market crash was imminent the New Year is an opportunity to prune some negativity and bad ideas.
what is next for SANDBOX ?As I mentioned in my previous analyse 💣
the price has started its correction when it was broke the trend line💣
and
now the price is reacting to 0.62 Fibonacci and we can expect correction from here and after brief correction the price start its gaining ❌🧨
second possibility
the price start to break the resistance here close to 0.62 Fibonacci and if satay above this line we can expect pump and even (ATH )🚀
This is not financial advice, always do your own research.
please, fell free to ask your question, write it in comments below and I will answer.
🐋
BTC neutral, the crabs are in controlFrom our last idea, I incorrectly drew the Elliot wave count from the lack of attention to high time frames (weekly and above) and overlooked a bearish momentum divergence that printed back in early November.
I believe we're on the verge of entering bear market territory if 47k doesn't hold over the next couple of days and weeks. 47k at the moment has confluence with the ATH 1 white trendline, the Elliot wave impulse PoC now sitting at ~46k, the developing weekly PoC, and the 350 D MA. But the most important line of defense out of those four would be the 350D MA. If you look back on previous market cycles anytime we've closed below it on a standard daily candle, it resulted in a multi-month sometimes a multi-year bear market , and we did so on Dec. 13th hinting a warning of another downtrend. This downtrend will more than likely happen once we've consolidated a bit more likely until we hit ~5% levels on the BBWP indicator noted below.
On the shorter time frames, BTC print a 4-hour bullish divergence as well as confirmed the breakout of an important trendline, but failed to continuously move in an uptrend until the posting of this idea. A short idea would be invalidated if either:
We blast past the VAH of 52k
$ETH closes past $4050 on a daily candle
Bull div. on daily and higher time frames
Breakout of trendline resistance or the 0.786 fib level noted below:
You could argue that the bearish case as of now is invalidated from a fundamental perspective if you take into account the debt ceiling being risen as a bullish move, and it is. If you are going short I suggest having a very short stop loss at the impulse VAH, taking profit along the way of the fib levels on the chart.
Note, this uptrend may also not be invalidated given evidence of diminishing returns and interest of institutional investors which will help with cooling off some volatility. The same goes for the $SPX; since it has a bit more room for an uptrend against inflation, I believe the overall trend is an uptrend, it's just that for now there is room for another selloff until ~30k.
Overall, I'm neutral and uncertain on $BTC's movement at the moment until either we fail to support 47k to confirm a bear trend or break out past 50k to confirm a bull trend. You could argue 42k is the bottom if we consolidate there again slowly over the next couple of days seeing as how $BTC did hit another low a bit close to the initial oversold wick that went down to 29k on May 19th. Debt ceiling rising + daily candle closing under 350D MA could equal more crabbing and consolidation from here on out for a while.
More easier to read chart to overview:
Key Levels:
Support
-47k (Impulse PoC, ATH 1 white trendline, 350D MA)
-40k (0.618 fib level, M S2 CPR)
-Impulse VAL at 31k
-S3 M CPR at 29k
-1.272 fib at 22.5k
-ATH 1 white trendline
-ATH 2 white trendline
Resistance
-49.6k(S1 M CPR, 0.786 fib on shorter timeframes)
-Impulse VAH at 52k
-M CPR Lines at 59k, 69k, 79k, and 89k
Invalidations:
-Impulse VAH at 52k
-28k for Impulse wave start.