Block (aka Square) SQ Is at the Discount Price Level!SQ - Block (also known as Square) is at the Discount Price Level. It may be tie to dollar cost average into SQ. This level has shown to be a discount level about 4 times in the past. Remember past performance does not dictate future results. Also, fundamentals trump technicals every time. Do your research and determine if this technical analysis matches up.
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Block
Square gearing up for $100+I am going to start doing things a bit different for my charts so please leave in the comments below if this chart or way of looking at it is better and understanding the text also.
Wave 1 Price at high $89.95 (10/14/22-2/1/23): These dates represent how long the waves lasted as we progress through them. The green wave count in the smaller text is wave count inside the bigger wave 1 and represents bullish signs.
Wave 2 Price at low $55 (2/3/23/-5/13/23): We saw a decline in Square during this time period that was pretty brutal... almost a 40% drop from the highs of wave 1. During this period, people tend to think recession and panic when they see drops like this happen so fast. Also, Wave 2's during a bull cycle of a stock tend be the worst drops when they happen compared to wave 4's.
Wave 3 Price Prediction at high $117 (Date unknown): This is the wave cycle we are at now and if that is true then we are headed much higher and we should all be buying this stock right now. Inside of wave 3's we see a lot of bullish signs in the market, news, and everything.. It is the best time to hold a stock as the most gains are made in a wave 3.
Block Inc Long IdeaNYSE:SQ followed 102 Day Bearish trend, which was reversed 35 days ago with bullish divergences and increasing bullish volume. Since then, the trend is following a parallel channel. A trendline break out of this bullish run was confirmed 19 days ago.
Trade Plan with 2 Entry Points
Risky Entry
Entry @ 66.60
TP @ 71.78
SL @ 63.27
Risk = 0.5%
RRR = 1.56
Optimal Entry
Entry @ 65.18
TP @ 71.78
SL @ 63.27
Risk = 0.5%
RRR = 3.59
Since the stock is favored fundamentally, taking partials at the TP level is advisable, and letting the trade run with training SL using ATR with the multiple of 1.5.
Time to Squre upHello everyone,
Block got left behind in the recent Fintec bull-run. In my opinion, it is hugely misspriced as it is not yet in the eyes of wallstreet, but given that it is sitting on the support levels, the company is expecting profitability by the end of the year and over-all the great health of the company, this really gives us a nice set-up.
The Stop-loss would be below $45.
Take-profit 1 would be $72 with the closure of the gap.
Take-profit 2 would be $90 at the top of the channel.
Given the bullish stance on the market on all growth companies, most of the trades are working nicely from the support set-ups.
Good luck to all!
SQ: Inverted Head and Shoulders and Bullish Bat at 0.886 RetraceSquare is currently trading at the macro 88.6% Fibonacci Retrace and has formed a Bullish Bat on the Daily all while forming an Inverted Head and Shoulders Pattern and now we are looking to see if we can break back above the 88.6% Retrace and challenge the neckline; if we do then I wouldn't be surprised to see it rally back up to where it dumped from originally.
Block: In the starting blocks… 👟Block hast just finished wave B in turquoise and is in the starting blocks to take off. Soon, the share should gain enough upwards momentum to make it above the resistance at $89.97 and even further from there. However, there is a 39% chance that Block could break away and slip below the support at $51.16. In that case, the share should develop a new low in the form of wave alt.2 in green first before heading upwards. This new low would then be located in the magenta-colored zone between $40.97 and $19.12.
BTC's great wall hi ,
as u can see on Weekly timeframe BTC has a great block ahead .
recently price made its way into the block but now is rejected and all this week move , was only a retrace into it , so what happens now ?
as u might have already guess , SHORT on BTC seems acceptable , but !
if price goes in and out of this block in the upcoming weeks , and kinda plays with its boarders ,
THEN ITS POSSIBLE FOR PRICE TO BREAKE ABOVE THIS BLOCK .
but for this week and the next week , i am short on BTC
SQ Block Options Ahead of EarningsIf you haven`t sold SQ Block here:
Then I think you already know that the company is accused of fraud!
Now analyzing the options chain of SQ Block prior to the earnings report this week,
I would consider purchasing the 59usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $2.71.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
SQ Block Options Ahead of EarningsLooking at the SQ Block options chain ahead of earnings , I would buy the $72 strike price Puts with
2023-3-3 expiration date for about
$3.33 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
A L B T a middleware for Wall Street Silicon Valley's BIG WHALES to reach CRYPTO heavy hitters and Whales
think of this project as a FACILITATOR that make deals to Big Ticket items
this can make a dent to JP Morgan GOLDMAN and the rest of its donwlines PROFiT statements
a gem that requires investors to be patient ... kinda lie Algorand and QUANT once upon a time
SQ is headed to the downsideCharting on the daily, I think SQ is in a nice set up for a put play. The downward trend that has been created has been touched twice. At each point of contact there was a follow through of selling pressure. The selling pressure has also caused weakness within the new support area . I am concern about the amount of time it make take for this plan to carryout.
Put Play on SQCharting on the daily, I think SQ is in a nice set up for a put play. The downward trend that has been created has been touched twice. At each point of contact there was a follow through of selling pressure. The selling pressure has also caused weakness within the new support area. I am concern about the amount of time it make take for this plan to carryout.
after result us 30 hello tradres i have done a pre breakout strategy if you want to learn follow me it is possible to make money click that follow that
Journaling the successful trade on SQEven dough the trade was amazing , there is always room for improvement. Here is what i learnd
1.if the markets (indexes) are green at closing, it doesn't mean there will not be a pull back, which can effect your trading position. and vice versa.
2. if you miss your entry, and the trade is going in the direction you calculated, use your trend lines for a entry.
3. be sure its and nice set up on the candle sticks that favors your direction, after the touch of the trend line.
4. be sure to chart down on with your analysis.
Block (SQ) May do a Quick Run Up.Block (SQ) Long Position Trading Thesis
By.Corey
Buyers Level
Long
77.41
74.71
71.79
69.16
Selling Level
84.00
1.The trading conditions of the Index
Dowjones
+387.40 (1.17%)today
4,045.64
+64.29 (1.61%)today
Nasdaq 11,689.01
+226.02 (1.97%)today
Square Earnings
2.Cash App Gross Profits
Q4 848m up 64%
Square 801m Gross Profits
Q4 up 22%
Bitcoin Rev
Q4 1.83b revenue
down 6%
Square (SQ) Press 3/2/23
TBD, the bitcoin-focused division of Block
SQ, said Thursday it will tap Block's bitcoin
BTCUSD reserves to make the Lightning Network more reliable for all users, according to a release viewed by Seeking Alpha.
Block: Playing Tag 🙃“You’re it!” Block calls, tapping on the magenta-colored zone and taking off. The share seems to be playing tag and has just caught the magenta-colored zone, finishing wave ii in magenta with one impulsive downwards spike. Next, the course should seek shelter above the resistance at $94.87, thus gaining further upwards momentum. However, there is a 32% chance for Block to lose its drive and to drop below the support at $69.16. In that case, the course should develop wave alt.ii in magenta first before heading southwards, abiding above the support at $51.16 along the way.
$FTM Technical Analysis - R Fair Value Gap Turned Support *SMC**SMC* = Smart Money Concepts. See related Ideas for tutorials
In Smart Money, there are specific candle formation that will lead to a lot of clues to price action results. Yesterday FTM was the product child of those clues. Currently, the price has hit the top od the daily / weekly fair value gap. I just closed my long position because I expect it to retrace to thebottom of the weekly fair value gap, which in turn is also a breaker. These will act as support so once price reaches $0.548 we should see that support start working it's magic
Current chart label (1) Lower time frame
(2) It could retrace to the bottom of the order block which would balance the chart on a weekly level and then would also turn bullish at$0.51885 - See chart two higher time frame
1
2
We shall see good luck and happy trading
Square Reverse Head and Shoulder at fib? I believe I'm looking at a reverse head and shoulder on Block (SQ) on the weekly. This could indicate a longer term breakout above the fib. I'm thinking of small position size to front run the break out, a little more on a pullback (considering RSI) and larger size after a breakout up to 100. Tech's recent run in January and Block's extremely strong pullback in 2022 set up nicely for profit making.
Blockasset was just born! BLOCK/USDTThe project is too young to predict anything according to TA.
All I know is that it's a project in the beginning with a great potencial.
And this chart is just what I would like, where I would like to see it over time. It will be interesting to watch.
Like my other analyzes - mainly for fun.
DYOR