F ATH Break Weekly Options PlayDescription
F has chopped around in this congestion pattern, a Rectangle, for 31 days following it's ATH run-up after the break on 28OCT.
The Rectangle carries the same price implications as the Symmetrical Triangle, representing an equal balance between buyers and sellers, until one side eventually wins out and pushes the price beyond the upper or lower boundary indicating a shift in supply & demand.
This particular rectangle is confined in a very tight range, slightly broadening and displays descending volume throughout (good indication of proper congestion pattern).
Although the broadening is characteristic of the current market environment, this weakens the general technical strength of the pattern.
Using Long Calls to maintain a positive vega.
Long Call
Levels on Chart
SL < 20.5
PT : No price target set for the ATH , looking for a sharp move.
The entry is a daily close over 20.5 .
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/31 21C
R/R & Breakevens vary on fill.
Manage Risk
Only invest what you are willing to lose
ATH
Ripple(XRP)-4H & D Ripple is very much like moving bitcoin.
The recent decline and outflow of dollars from bitcoin could be a good opportunity for other altcoins to grow
Ripple is one of the currencies that has the potential to increase 10x !!
According to Wal-Alert data this month and the past few days, a large number of ripples are coming out of CEX and circulating among whales.
2022 will be a very important year for Ripple, given the positive news from Ripple courts, the world's banks are gradually preparing to accept Ripple.
Ripple is currently in a correction process inside a rectangle AND below is its down trend line :
Support channel 1 is very important and strong, if it returns from this area, it can start its movement to stabilize above $ 1 and touch $ 3 in a short time.
( high probability)
If it fails to maintain this support, it should be expected to hit support channel 2
(Low probability)
Support channel 1 : 0.8066 --- 0.7690
Support channel 2 : 0.6436 --- 0.6001
good luck
BNB is bullishBNB is trading between 590-617$ as shown in Fabnocci Retracement, if it breaks the resistance of 617$ then it can easily hit its previous high that is 654-668$ and holding more time can lead its value to 700+ ATH, i am watching BNB value quite bullish because RSI is above 50 and retesting on its trendline and hope will bounce up
Slight modification to the LTC chartKRAKEN:LTCUSD
One of these two will play out. Just need an entry now😥
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$US500 - S&P500 futures almost back at ATH, Santa is coming?? After the sharp "omicron-dip", the S&P500 is almost back at all time highs!
The daily EMA100 got bought heavily and markets melted through every resistance since then.
The daily RSI keeps showing baerish divergence though, and also volume kept tapering off, also in the ETF on the S&P.
I would not open fresh longs here, instead taking some profits here seems reasonable.
At the moment, a correction down to 4.650 would not be weird at all, also to backtest the support from november 11th as support again.
Also there was a big gap opened up yesterday in the markets and most of the stocks, most of the up gaps get closed within the first 7 days after they got opened, whatever that statistic is worth at the moment, but it is just a fact to know i guess. Once 7 days are over chances drop sharply to get that gap closed soon, those gaps mostly get closed later on in a bigger correction/crash then.
Overall, i would aproach markets with caution at the moment, we are at heavy resistance at the moment and a small set back is kind of likely here. A break to new ATH, even more when a nice backtest happens, would be a bis buy signal though.
Stay safe in this markets guys!
$SCYX entry PT 6-6.71 Long term PT 18 and higherScynexis to Initiate a Phase 3 Study of Oral Ibrexafungerp as a Step-Down Treatment for Invasive Candidiasis Following Meeting With FDA
SCYNEXIS, Inc., a biotechnology company, delivers therapies for the treatment fungal infections in the United States. It is developing its lead product candidate, ibrexafungerp, as a novel oral and intravenous drug for the treatment of various fungal infections, including vulvovaginal candidiasis, invasive aspergillosis, invasive candidiasis, and refractory invasive fungal infections. The company develops ibrexafungerp, which has completed Phase II clinical trials for the treatment of vulvovaginal candidiasis. It has research collaborations with Merck Sharp & Dohme Corp., Hansoh (Shanghai) Health Technology Co., Ltd., Jiangsu Hansoh Pharmaceutical Group Company Limited, and R-Pharm, CJSC to develop and commercialize rights for ibrexafungerp. The company was formerly known as SCYNEXIS Chemistry & Automation, Inc. and changed its name to SCYNEXIS, Inc. in June 2002. SCYNEXIS, Inc. was incorporated in 1999 and is headquartered in Jersey City, New Jersey.
Ethereum Approaches All-Time HighETHUSD
Bullish Scenario
I think If buyers manage to overcome this severe upward constraint, they could move up to the 5120-barrier. The break above this level would boost buyers' confidence to push towards the 5280 and 5450 handles. If the bulls succeed in overcoming these obstacles, their focus will shift to the resistance zone of the 5800-mark.
On the downside, Ethereum would seek immediate support around the key psychological barrier at 4500 near the 20-day simple moving average if selling pressures return. Should these barriers fail to dismiss a more profound decline from evolving, sellers may drive the price to test the November low at the 3915-mark. Breaking below this crucial support could turn the market bearish towards the 3668-handle and 100-day EMA.
Do you think we will break $5k this December?
Correction in progress? Expect secondary sell soon!Last pullback in 5-10 Nov gave an S-curve 'ABC' with two down legs, time from first sell to completion: 5 bars; would paint NLT 11/26.
Got a nice retracement in late trade Tues, from oversold on first leg down; expect lower Weds EOD. Tues PM rally typical of bear reactions.
First support held at 4660 11/23; break below will signal measured move lower. An S-curve projection ends in the target box ~4620.
Purely speculative guesswork shown projecting an H&S pattern may emerge? Tops are complex structures and this one is devilish.
If the top is in from 11/18 parabolic peak, expect sell to next support ~4535 box; a right shoulder may emerge.
Whether a new ATH might print afterwards remains TBD.
NB: Many contributors suggesting 'BTD' with new ATH to print soon; not ruling this out, if a Three Drives pattern were to emerge.
Keep a close eye on this and be real careful holding calls in here... could be a nasty surprise IMO.
DYODD; not financial advice! GLTA!
Bitcoin Battling With Final Resistance Before 64k - 75kThe price of the asset bounced from the 53k level, broke out of a falling wedge and is now facing stiff resistance at 58k.
IMO, once we cross above the current horizontal resistance, we will have little to contend with on the path to 64k and ultimately a new ATH at 75k.
Also notice the series of almost identical falling and rising wedges and how effective they have been in producing strong price reversals. Both RSI and MACD support further upward movement. See you at ATH folks!
Finally, this is just my personal view of the market... DYOR!
XRP BULLISH PATTERN! ATH REVISIT?Keep an eye on XRP . The beginning of a trend towards the upper-trendline of the Bullish Pattern can be expected if Bitcoin begins to put on a show! If we break this level, and strongly push through $1.33, a visit of $1.41 is reasonable.
Technical indicators are looking great while a double bottom is formed. If Bitcoin begins to recover strongly, expect XRP to begin trending towards the upper trend line of the bullish pattern.
As low-cap altcoins usually lag in times of Bitcoin regaining market dominance and moving significantly in price, it is wiser to hold one of the Top 10 Altcoins in Market Cap . If Bitcoin breaks $60K and begins trending towards $70K, expect XRP to hav e one of the strongest price correlations to bitcoin.
That is why I believe XRP is worth buyin g in times of great Bitcoin value , where there is a degree of fear, as the sellers have taken over we are technically in the best of times to be looking for accumulation before another turn to the upside begins.
I believe the fear can very quickly turn into surprising Bitcoin strength , leaving those who are indecesivie.
BNB Massive Ascending Triangle on BNB
support is a long term uptrend with a horizontal resistance at 657.
The Apex of the triangle pattern is closing in and price action in is respecting the upper bounds of the formation.
Validation will be confirmed by an increase in volume, and a clear daily candle above the resistance
Entry could be found with a break and retest on the lower timeframes.
Technical Target: 877
MATIC ( polygon ) analysesMATIC ( polygon ) analyses
time frame daily
price is in the bullish channel
we can see double hit on bottom of channel , then raise to last ATH , pulback and make new ATH
now we can see double hit again,
so my first target is ATH and then 3.2$ for next target
ATH Retest? Daily Chart Looking Good!New to TA - so please have some mercy :) Just getting the hang of some patterns and such.
I honestly think we'll retest ATH in the next 1-2 days. Re-tested the 1.618 followed by a pump. Re-tested again and we have a green daily forming.
Would appreciate some feedback!