ARC
Peso correction - USDMXN LongThe Peso has had a smaller run to the upside and institution have been peso long. However last data showed an increase in shorts on the peso and therefor
we think maybe we will see USDMXN going higher.
This is one of our favorite pairs to trade and maybe its because of the tequila =)
Happy smart trading!
DOT Polkadot: Next Leg Up PossibleQuick Analysis on Polkadot ( DOTUSD ) on a 1D Linear Chart:
1) An Arc line has been drawn for Polkadot as the price has been moving up the Arc.
2) From the first top price of about $51 to the next top price of about $55, there was an estimated 10% price increase. The estimated new All Time High for the price, assuming a 10% increase, would be around $61-$62.
3) The RSI (relative strength index) has the potential to go back up as it is currently hovering in the oversold region and with a possible double bottom pattern, it could move up quickly.
4) The Volume is heavy.
5) After this move upwards, the price may have the potential to go Parabolic!
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
EOS: A bit of a long shotRight now i don’t like EOS price action in all honesty. However, i noticed that some kind of arc is forming.
I said “a bit of a long shot” in the title because this is the weekly chart and i don’t usually plan trades that are this long.
However, when playing with timeframes of multiple months, i like to take a look at the fundamentals of the project too.
Specifically, EOS plans to release their own exchange (“Bullish” is the name if i’m not mistaken) later this year/early 2022. This exchange will have a feature others don’t currently have: it will store every single transaction on the EOS blockchain itself. I can see the release of the exchange being a major catalyst for EOS’s price.
All in all, i like this trade and i took a position. My average is something around the $4.9 mark.
I strongly advice you to do your own research on this own because there are some kind of controversial topics regarding the project itself (specifically on the ICO).
Good luck!
BABA TO 120 --- BEAR CASEChinese government will own a part of Alibabas business, goverment scrunity continues, JD.COM is favored (Cathie Wood also bets like this).
Alibaba did not complie, and will not complie to SEC rules, probably it will be excluded from NYSE in the upcoming years,
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THIS IS NOT A FINANCIAL ADVICE
$FCC perfect bounce on the edge of the Arc.First Cobalt just proved the validity of the arc with a nice bounce out of a bullish pennant. We could be looking at a quick 3 bagger here.
GDXJ Arc indicates low risk entry with 250% upside The fun side of the arc in the junior miners is currently playing out. At the moment, we reside at the edge of the arc, which presents a very low risk high reward entry. Completion of the arc would indicate a gain of around 250% + overshoot, in an 18 months timeframe.
Ethereum crushing - New ATH multiple times daily????Ideas are in the video - sorry, LazyBear 😂, "Volume Accumulation Percentage Indicator" was the name I couldn't recall in the video. All three that were used in this chart are solid though. By far in my top 8 or so indicators to use in, basically any time-frame above 15 minutes. Please feel free to share your thoughts, feelings, possibly concerns - keep the secrets to yourself though.
ROO Deliveroo is showing signs of strength, ive been accumulating all the way down as i like the stock and i like the business!!
Never really used arcs in trading before (used it on an alt coin once and it worked, coincidence maybe?!) so itll be interesting to see how this plays out, usually stick to price action and Fibs but anyways!!!
Trade safe people... not financial advice!!!!
GDX: In the Arc We TrustAMEX:GDX has formed long-term support that has been built upon the arc shown in the chart. Should this arc prove to be true and continue to hold, it will lead us to our SCOTCHstocks initial target range of $52-$60.
Everything shared here is my own opinion and no results are guaranteed. Good luck!