$CHGG Can we see $100?Took a position in CHGG last night and trimmed it today, looks good for a continuation, looks good to $98 then $100
Bounce
WTC monster bounce incoming (326% potential profit!)WTC is currently in a very strong downtrend. At some point in the near future it is going to bounce like crazy. The problem is that it is currently trading at an all time low, making it impossible to predict where the bottom of this current violent dump will be. 700 - 800 sats is where I've put the buying range on this chart, however that is just an educated guess. It may just aswell go a bit lower, or bounce from the current level, but in any case the bounce is coming. I've personally already started accumulating here in the 1000 sats range, and will buy a whole bunch more if it goes below 800 sats. The profit taking range is from 1890 - 2990 sats, with 2990 sats giving you a ridiculous 326% return if you can enter at 700 sats! This will just be a normal bounce in the current macro downtrend, which makes it even crazier that such a huge potential profit is achievable. If you want to play it safe you can wait for it to start bouncing with some big volume before you enter and ride it to that 1890 - 2990 sats range. If you're a trader who likes to take big risks like me then you can start accumulating already. Good luck!
YFI - Looking Abnormally Weak in a Bullrun Market, What's Up?My last YFI call was not an overwhelming success, to put it mildly. But we win some and we lose some, that's the game we play isn't it.
So let's take another crack at it. YFI is looking really quite weak even with the rest of the market going absolutely bananas. This is I suppose to be expect, YFI being a high value coin isn't going to be bought while BTC is taking off.
With that said, the RSI is surprisingly close to overbought, and we're struggling to stay on the previous up trend line as a psuedo support/resistance at this point. Clearly doesn't know whether it's coming or going.
I suspect we'll see a pullback next week, people taking their gains from the market before xmas so they can enjoy their holidays. I'm looking around the yellow area for a potential bounce play. SL would be below the current support area, giving us a really good R/R as the potential upside for 2021 is ATH+, or 100%+.
DeFi is gonna go nuts in 2021, and YFI is the flagship in many peoples eyes with it being the highest value (though the merit of that claim is debatable).
This is not financial advice. Do you want some financial advice? You're not getting it here. Sorry. Not doing it.
Updated bullish plan after retracementHi there,
Here's my updated plan after the big red candle. Seems like I slightly messed up in the smaller cycles in my previous analysis but the general bullish plan is still going strong. Light green wave 4 probably found its end at 50% of wave 3 (itself around 200% extension), which RSI 4h closing just validated as it stayed just a bit above wave 2's crease. Bought the 4 bottom and I'm now waiting for wave 5 to be done.
Would be pleased to hear your thoughts and reacts. Cheers.
FUBO TV: ANALYST TARGET USD 60 - Bounce set up?Fubo TV, sport streaming and betting business.
Analyst target is 60usd.
Let's see where the bounce is taking us. Good entry here with stop loss below previous high on daily.
Trade safe.
BTC to double top before 50% correctionHi,
I didn't mention this cycle's bullish objectives in my last published ideas. I believe we've just had a small cycle's corrective wave at the end of a huge light blue wave 3 which top now we're now heading to. Three level cycles correlate for a top around 35k. I'd favor a double top at 34-35k according to my biggest and smallest cycles (which would be just a mere extension of intermediate green wave 5 above its 423.6% target). I expect the incoming correction after reaching that top to be strong and probably retrace back to 50% ($21,830 if double top) or 61.8% ($18,730).
Trade safe.
BITCOIN CRASH TODAY?? - Bearish setupHey there,
Please support this idea with your likes, follow me and
comment down below what you think.
Read the text on my chart for more information.
Bitcoin has heavy resistance around the 30k level and
eventhough I would normally not go short in a bull market,
I initiated a short position.
Risk to reward is just too good for shorting up here.
I WILL BUY THE DIP THOUGH!.
20k is final imo. Think we can bounce already in the 21-22k level!
Cheers,
Konrad
macro week bounce zonedepending on how we play out for the next couple days. Watch for that 21k i was speaking of
SNGLS huge bounce to be expected after a ridiculous drop (400%+)SNGLS has seen an absolutely ridiculous drop in price in the past 6 months, dropping from 223 sats all the way to 13 sats (-94.2%). It currently has a tiny marketcap of around $2.4m. It is currently in a descending channel, approaching rockbottom. Once it bounces, it is going to be ridiculous in terms of percentages. A bounce to at least the previous support level of 75 sats is to be expected, which is 400% profit from the current price of 15 sats. It may go as low at 10 sats first though, so be wary of that and understand that you'll need hands of steel for this one if you plan to buy it at the current price like i did. Basically anywhere between 10 - 15 sats is the buying range.
ATTENTION: VERY IMPORTANT
There is no USDT or ETH pair available on Binance, so there is a massive spread when buying SNGLS as it's a low sat coin. This means that once you decide to enter, there is no immediate going back / changing your mind without taking a 7 - 8% loss. So be aware of this before you decide to enter. This is certainly not a trade for inexperienced / impatient traders, and it is extremely high risk high reward.
XRP Bounce strong?it's just a pip of what CRP can do, it's just getting on the first FIB level, all time frames are BULLISH, 4h is the most important, see the MACD cross last time, on how far it pumped, you should expect the same UPSIDE ones MACD crossed, THE GOLDEN CROSS
BNB - Bearish Bat? Overbought? Potential Reversal! 40% long Q1!BNB is in an interesting spot, fundamentally speaking: who knows what's really going to happen to exchanges like Binance once the big regulations start hitting crypto now that it's entering the main, mainstream. Aside from that it has good fundamentals: it's used for decreased trading fees on the highest volume crypto exchange and you can stake it for passive income with Binance's push into the DeFi zone.
Technically, it looks like we might be seeing a potential reversal short term, with a bearish bat fractal forming up as well as an overbought RSI right around fib .786.
Decent buy volume, but not as big as the last spike.
I'm looking for a potential entry for a long position around EMA 21/50, with targets marked up to $41 area in Q1 2021. Might Short down to that point on futures with an SL at fib 1.0, I haven't decided on that one yet.
This is not financial advice
DTC: Damstra Holdings Ltd 200DMA bounceHammer on 18 Dec
- Rose Above 200 DMA
- Rose Above previous day's high
- Rose Above 10 DMA
- Up 1 ATR
- MACD Bull Cross
- RSI crossed above 30
How much does Regal have left to sell?
REGN due for a bounceREGN has been beaten down while the market is up. I think the bottom is near. Trendline is holding. Potentially starting wave 5
First PT: $550
SL: $470
Bouncing money makerThis is a very nice bouncing money machine and it is a buy right now.
$HD is also a pretty safe stock because of it's growing dividend!
Covid Times Trend Line Points To More Potential UpsideSo we've bounced up above, and are potentially bouncing up off of this trend line that began in June or earlier. Right now I am seeing this as a bull signal. It will be interesting to see how much influence this trend has moving forward. I would expect a bounce up to the green channel shortly.
BZRX - Potential For a Bounce off EMA levels? 50%+ Gains?BZRX has seen a good bounce in recent weeks along with the rest of the defi sector. VERY bullish behaviour across the market.
This is to be expected, mainstream investors are getting into crypto and DeFi is kind of like if you took mainstream investing, pumped it full of steroids and gave it a pound of crack.
Anyway...
RSI is currently looking on the oversold side.
Volume is declining on the buy side.
MACD posted a bullish cross but nothing to wright home about.
Expect a retrace, probably to EMA levels on the chart. Good chance to open a long position here but see what happens when it get there. If it blows past the levels and closes there we might be in for a bit of a bear spell on the BZRX. If it holds steady it is going to reinforce the bull trend and it's an easy 50+ plus to the next target area.
This isn't financial advice. But if it was it's free, so take that into consideration if you're going to complain.
Nasdaq Daytrade - BTD - Follow upBit late on this one, just to follow up with the attached idea previously posted. For tracking and observation purpose.
YFI - 4H - Potential Swing Trade Opportunity! 20%+YFI is throwing up an aggressive upward wedge with prices consolidating after bouncing off EMA 50 and resting now at EMA 21. Very Healthy signs for any chart.
Should be a pretty simple bounce/ breakout play here. Opportunity for a 20% range trade potentially within the wedge.
Indicators on this chart are all looking nice for further growth.
Volume has dropped, good potential for a breakout from the wedge when we see a volume spike.
Next targets are mapped. SL below the teal uptrend line if you're getting in on the bounce.
Thanks for reading and have a great weekend. This isn't financial advice.
YFI - Bounced off the liquidity zone as expected - Retest soon?YFI on the 4H is looking short term bullish with a good bounce out of our historic liquidity area.
As we can see in the past, this doesn't tend to be a one time deal, with at least one retest of the area before we move onward and upward.
We're also testing the short term upward resistance, looking to breakout.
I suspect we'll get another market shakeout at some point over the next few days that will lead us to retest the liquidity area, we'll likely bounce off a lower short term high first to form a consolidation wedge.
Then on to the next targets.. Wait for the retest or breakout and play it accordingly.
This isn't financial advice.
ETHEREUM EXPECTED TO BOUNCE BACK TO $568I believe the bottom is in for the correction that caused ETH to drop 22% In price.
we shall start seeing the over sold bounce play on the the higher time frames.
We should see an immediate bounce as the 4H Chart is in the overbought state with RSI bottoming out at 29.
21 Day EMA and 50 Day MA, will act as a small resistance at 541 on the way to complete this bullish rally which will complete somewhere between the 50 and .618 FIB Level.
BTC - Big Bart, or Little Bart? BTC retraced as expected.
Doesn't look super convincing on the bounce so I'd wait for it to post some actual volume or a good period of consolidation before putting out longs. If we move up watch how we act around the previous support level. If this turns heavy resistance expect more downside.
Interestingly, looks like the whole pump up close to the ATH was a BART. If that is the case I'd expect more downside before the institutional money decides to re accumulate. Certainly doesn't seem like they are doing it yet, which makes me nervous this is a fake bounce.
Like I said, wait for volume.
This is not financial advice.
