Alltimehigh
Swing trade entry using hammer candlestickEntry above the hammer as indicated by the
arrow. The price will probably come down for
the next several days before reversing(I am
anticipating a bear trap at around $164). If bulls
begin appearing then it should rise to the order
entry. At this point it will make another
attempt to break all time highs. I will take some
profit here and expect a small rest before
breaking ATH, and eventually reaching target 2.
Z1P $7 LIKELY...(ASX:Z1P) Zip Co Limited offers point-of-sale credit and payment solutions to customers and providing a variety of integrated Retail Finance solutions to merchants across numerous industries, both online and in-store.
x2 Scenarios 1 Long, 1 Short
1.) Bull Flag/Broken Descending Channel Aim for $6.80
- Broken Descending Channel
- Bounce off .382 Fib Retracement
- MACD Cross & Spread 4HR
- RSI Neutral (Trending Up)
- Bullish Market Structure Created
- Long Term Uptrend respected
- 2.7:1 Risk Reward
2.) 'Potential Descending Triangle', Break Support, Fill the GAP
- Head & Shoulders Completes creating change in Market Structure (LINE Bar Style)
- OPEN GAP between $3.75 - $4.75
- Looking for a bounce once OPEN GAP fills
I am interested to see what happens to Price once EOFY Reports start to surface.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
AFTERPAY - NEW ATH or 50% RETRACE?AFTERPAY (ASX:APT) New ATH or in need of a retrace (A sign of darker times ahead though IMO)
3 Scenarios to play out in the next week.
1: Now that we have popped back into long term uptrend and with the amount of people using the service due to Covid-19 (with no end in site) $50 mark looking very achievable.
-Current Support holding
-Bouncing off long term Uptrend Trendline
-Covid-19 still taking its toll on the world
-Fib Extension 1.272 within Rising Wedge
-New ATH territory
-Volume still present in the market
2: After a 440% run wheres the retrace?? Is now the time? (Short Term Retrace)
-440% run without a retrace
-Covid-19 Restrictions 'Softening'
-MACD Death Cross inbound
-RSI Overbought Territory
-Fib Retrace .236 within reach
-Parabolic Uptrend will crack
-Healthy market run needs good market structure
3: A larger retrace is required
- Punch through the Fib .236 and head for the .382 & Strong Equilibrium
-Fill GAP between .236 - .382
-MACD Cross and Spread
-Crack RSI uptrend
-New Market Structure will form LL, LH
-Parabolic trend will break
A Revolutionary Company that was founded 5 Years ago. with over 40,000 Merchants Worldwide and 7 million users and GROWING, Afterpay has smashed the market post Covid-19 dump with a full retrace as their platform has capitalised on the state of the Global Economy during this time (Someone had to) with over $250 Million in Revenue (JUNE 2019) in excited to see what the End of Financial Year brings for APT.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
TWLO BREAKOUTI posted an idea for TWLO two days ago and it looks like it's ready to continue its uptrend from a tight consolidation. It briefly established a new high today and the bluesy breakout set-up is potentially going ahead, if overall market sentiment remains bullish. This company has been on a tear since 2017 and has provided me a hefty 400% return since 2018. TWLO was my thesis in school and I learned about it's massive addressable market.
Twilio provides CPaaS (Communication Platform as a Service) and has a large moat being an early mover. It's impressive growth are as follows:
Sector Median % Diff. to Sector
Revenue Growth (YoY) 67.91% 7.24% 838.52%
Revenue Growth (FWD) 43.11% 6.38% 576.22%
Operating CF Growth (FWD) 117.24% 10.32% 1,035.68%
The work from home shift and growing adoption of e-commerce serves as a tailwind for its rich valuation as the market is pricing in its profitability.
On Technical Analysis:
MACD has yet to cross up for a conviction buy. However, On Balance Volume (OBV) Oscillator reacts faster than the MACD indicating an increased buying pressure and has broken out from the trend line on the daily chart. Zooming in on the 4H charts signals the beginning of a rally. Price has also broken out from a tight range.
Reasonable price objectives are set on the chart. I hope this helps. Good luck and happy trading!
USDTRY potential bearish reversalon DAILY: USDTRY is still trading around its all-time-high so we will be looking for objective sell setups on lower timeframes.
on H1: USDTRY formed an objective channel in red and it is approaching a minor supply zone in blue so we are waiting for a momentum candle close below the last swing that forms around our lower red trendline to sell.
meanwhile, until our sell setup is activated, USDTRY would be overall bullish and can still test the upper green round number 7.00 before going downward.
it's so easy to 20kwe are going to 20k, just stay cool, look to the macro and logarithmic scale, just stay alive,
the halving is comming and the are printing a lot of money like no tommorrows, BTC is on the track,,,,hold my friend
AAPLL, Trade Between The Lines, Continuation After Confirmation!Hello Traders Investors And Community and welcome to this analysis about the recent events, the current price-structure and what we can expect the next times in the stock with the largest market-cap at the moment AAPLE! As we have seen massive supply entering the last hours and days in all important global markets due to new corona-fears resulting of a second wave and the following economic damage which can affect the markets similar to the beginnings in march, we need to keep in mind that the corona-crisis isn't over yet and that the real economy is still struggling to conform to the status quo seen before the crisis. The last weeks the stock could gain in percentage and also developed a new a-t-h but that can change according to technical signals I detected therefore it is principal to look at the 4-hour local timeframe.
As we can examine when looking at my chart now is that the stock established three uptrend lines in the prior developed uptrend from which two already broken to the downside and the third remaining now. Such a structure can signal a reversal when the third and final trendline is broken as each trend-line signals one step to the final destination into a bearish environment. Currently, the price maintains still above the uptrend line marked in blue and it is also possible that it will consolidate even make some up bounces there but the possibility is very marginal that it holds this trend-line for ever therefore when it is broken to the downside we can expect more supply entering the market and a test remaining of the all-time-high level we have at 325 which will be an important test of the supply/demand ratio within the stock.
When the trendline is broken and we are approaching the all-time-high support which we currently still have in the structure it is highly important to hold that level to establish the condition we have seen in the stock before and to confirm a possible reversal to the upside otherwise when this does not happen and the stock confirms below this level this will cause extreme bearish pressure in the market and is possible to trade on the short-side. Within the indicator-side, we have the RSI which approached the overbought region which can indicate a reversal to lower levels in the RSI-value. Overall the current environment is sending strong bearish signs which can be realized when the proper scenarios confirm as mentioned otherwise we need to establish support at the meaningful support-lines in the range to hold the condition.
The whole stock market is in a shaky position where it is possible to decline further due to corona-fears, as already mentioned it is still possible that the bear-market established this year is not over already and that we could just trade in a big and significantly devastating bull-trap. I know most people want to believe in the bull-market and it is better for investors but we should always look at the market as rational as possible and assess it as best as we can this means to be attended for a possible downturn in the market when the bullish case does not develop and important support-levels hold when we make provisions in such a direction we can take better advantage of incoming opportunities arising out of every circumstance which is the essence for a good monetary perspective and success within markets.
In this manner, thank you for watching, support for more market insight, have a good weekend and all the best!
Information provided is only educational and should not be used to take action in the markets.
ADVANCED MICRO DEVICES ($AMD) 💻 | New all time highs!?👨💻 AMD has been making advances in technology, earnings, and pure bullish price action on the whole. Despite some consolidation recently and the chance of more consolidation in the near-term, we still see upside potential for this titan of chips.
Support.
The S1 bullish S/R flip is a key support level for the bulls. Although rejection at this level could lead to "bearish" consolidation as indicated on this chart, we don't think this alone will jeopardize the uptrend. If we do go that direction, the S2 S/R flip and order block cluster should see a reaction and could present an excellent buying opportunity assuming we see continued strength in tech. Below that we have S3, which is a support of last resort.
Resistance.
The R1 orderblock and S/R flip cluster at the previous swing highs are bound to act as resistance unless the bulls can blast through it here. If breached, it then could become relevant as support. Meanwhile, the R2 bearish orderblock formed from the previous All-Time-High swing high is our next level of resistance after R1.
Summary.
AMD bulls want to see sustained momentum not only in AMD, but in tech as a whole. There is a pathway to a new ATH here, but any faltering and the odds of seeing consolidation, perhaps all the way into July 28th earnings, then becomes likely.
Resources: www.earningswhispers.com
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NASDAQ TECH FLEXNDAQ is having a bit of an electric surge and could push ATH (all time highs) amid the pandemic playing out. Tech for the win it seems during times of uncertainty to save the day.
Bears are getting a bit of a slaughtering here as many are turning to and being more reliant on technology than ever before.
A forethought is that smart money in other US markets will leave these stagnate companies to flow into high tech tech firms, due to FOMO thus NASDAQ will hit ALL TIME HIGHS.
Keep in mind that this also makes the economy look stronger yet soo many more are staggery than ever before since the start of 2020 due to the flow on effects of covid and the recession that no one is clearly speaking about that’s been teeter totting since mid last year. (You can’t polish a turd)
Positional Call : Buy PI Industries Ltd.NSE:PIIND is just made new all time high. Stock is moving into new territory. Clear Breakout on Daily, Weekly & Monthly charts.
We are strongly recommending Buy around 1630-1640 levels with Stop loss below 1520 on closing basic with Target of 1850 in next 12-15 weeks.
Bitcoin - Road To All-Time HighThis plan is not a joke to you - Bitcoin will pose an all-time high again 🚀
Bitcoin has been working decently in a descending channel since June of 2019 , and recently a BREAKOUT 💫 has taken place , which would not be mentioned by many traders. But you are lucky enough to know this thing at the very first stage of the breakout formation.
Here is what I expect:
-> Only bulls notice the breakout 🕵
-> Bears think they should short at previous tops formed @ 10000 USD
-> Few weeks of battles between bulls and bears
-> Breakout become more obvious and new capital kicks in
-> Pullback after hitting 14000 USD the old top
-> mange to pose an all-time high in just a couple months 👆
Hope our patience will take us to the moon. Are you ready? 😄
If you have any ideas , please leave it below.
P.S. I have never given up on Bitcoin even during the dump in March, if you are a big fan as I am , stay tuned and I will post more analysis on Bitcoin. 😃
Is BTC aiming to take out 10k?In line with my previous TA related weekly resistance, BTC is right now trying to aim for the strong long term resistance levels at around 10k. Last time BTC tried to cross 10k it just managed to do it briefly and only by 79 USD.
Although last 3 days have been a strong movement against the 1400 USD drop on 10th May, I still have my doubts that BTC will be able to cross the 10k mark this time around. If it does cross and close above the previous high of 10079 USD, BTC will break the lower high pattern on the weekly charts. Last time it ran upto 10079 USD, it broke the lower high pattern on the daily charts .
Couple of additional Important points to keep in mind:
1. USDT Market cap has increased from around 4.6 Bn USD to 8.8 Bn USD since March 30 2020
2. RSI levels on weekly and daily charts are around 60-65 levels
I am deliberately combining the weekly and daily charts as I feel for BTC to aim at next ATH it needs all round support.
Keep track of the Daily / weekly channel BTC is right now in to estimate the future course of action. Moving out of the channel will give insight into the possible price movement in coming days.
What do you think?
Do like and / or comment your views and feedback
Possible bullish continuation flag to the all time highHere we see a downward flag ( bullish flag ) that formed from the uptrend after it reached the all time high. This could mean a possible uptrend continuation after the break of the flag going up.
We see some support below between 93 and 92, but it could possibly break that as well and change directions, but nothing is written in stone. We also have the COVID-19 going on, so that is something major that could cause it to change trends and continue down. We need to wait a few more days to see what it will do. We also have the COVID-19 going on, and that is something major that could cause it to change trends and continue down.
If Bitcoin Really is The New GoldLet's say the equities market crashes along with commodities, then we would expect gold's price to increase, but maybe Bitcoin will become the new gold due to the nature of the pandemic that we are currently amidst. The key point is this: gold is neither easily transportable, transferrable, nor is it readily portable. It would be impractical to expect be able to readily access gold throughout the entire time it takes for our planet to either acquire herd immunity to SARS-CoV-19 or to produce a vaccine which would be used to prevent said virus. Bitcoin is advantageous in this aspect. A $120,000 per coin call sounds hopeful at one point or another, but such lofty thoughts like that don't seem too far out of reach, especially during times like these.
GOLD and it’s 7 year run to ATH 📈🥳Welcome to the VAPORWAVE_TECHNICOLOR_DREAMHOUSE~~~~~
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GOLD made a solid run at the first big resistance price of $1746/oz but was unfortunately rejected. However, buying pressure has continued to keep the price near resistance.
Support from every MA under the sun will keep this price moving upwards and you an expect to see another run up in the next 24 hours.
If price breaks this resistance at $1746 we can expect the price to make a run up to $1795 ($1800).
Traders have been waiting for this moment for years, the last time the price was this high was in 2013. I would expect any rejection from price highs will result in a massive dump as investors have undoubtably been filling their collections for years.
Could these high prices be a good short opportunity, totally!
As always remember the golden rule to trading success 🔑
BUY SUPPORT
SELL RESISTANCE
Cheers,
Banana
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GOLD approaching ATH 📈Welcome to the VAPORWAVE_TECHNICOLOR_DREAMHOUSE~~~~~
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This is a very exciting time for GOLD commodity or CFD traders!!!!
It’s approaching it’s ATH price of $1913/oz which hasn’t been seen in almost 8 YEARS
I wouldn’t advice longing here but if you are bullish and think the global pandemic will support the rising price be sure to note the resistance values ($1800, $1830), if broken we could see a huge run up towards $1900.
If $1913 is broken the sky is the limit, this is unmapped territory and could validate all those hoarding gold under their mattress in these uncertain times.
As always remember the golden rule to success 🔑
BUY SUPPORT
SELL RESISTANCE
Cheers,
Banana
PS. Like this idea and want more? Join Flash Trading for daily discussion and calls!