Reflect on 1H Support In short, the price may reflect of the 1H demand line.
Please allow confirmation candle in 5 or 15 mins before entering the trade.
No more than 0.5% risk per trade, control risk management very strictly.
Chart-analysis
MRNA & end of the bulls?MRNA has had a few wild weeks going up from $120 to $170.
I believe this could be the end of the bullishness and it may do a correction.
Why do I believe this could happen?
MRNA hit historic resistance of $170, after hitting that mark it began dropping. This resistance seems like it can hold.
RSI is bounced off the 70 mark on the daily chart.
RSI is overbought on the 4HR chart
EMA's are beginning to cross over on the hour charts.
This could be a tiny correction and just bounce off $160 before continuing its path to $200 so I would keep a close eye on the stock.
What I am looking for right now is:
1st support - $160
2nd support - $139_$145
3rd support - $120
At this point MRNA going back down to $100 or even lower seems incredibly unlikely.
Moderna's earnings arent too far away so that could act as a catalyzer that will continue the growth.
In short I believe that MRNA could have hit the resistance and it will either go down to the listed supports or if it stays in these levels then it will most likely stay like this till earnings come which will tell what direction it is going to go from here.
Please comment down your ideas and thoughts on this, I would appreciate any criticism you may have on the charts and analysis, and looking forward to your comments!
I am not a financial advisor, these are my personal ideas an thoughts please do your own research before buying a stock.
Don't fomo into MRNA...yetMRNA made a huge leap on Friday going front $133 to $144.
I believe MRNA will resume bullishnes as long as the market remains stable and bullish BUT, MRNA could drop to around $135 before continuing to go up.
It still has a way to go on the RSI indicator and EMA's still haven't passed over. If MRNA exists the channel be ready for more mooning to come.
Disclaimer: I am not a financial advisor and this is purely my opinion and thought about this stock, do your own research before going into MRNA.
MRNA formed a double bottomModerna seems to have made a double bottom, this could indicate some bullishness coming in and if it passes the previous resistance of around $135.50 then the next resistance comes at $145 so there is quite a way to go back up!
Bitcoin DAILY Outlook - Fall Out of Rising Wedge or Not??***This is what I've been watching on the DAILY - For Bitcoin... ***
@everyone
- 15 Hours are left in this daily candle...
- If we maintain upward momentum in the next 6hr-to-8hr candle
- ...and if we manage to bounce and hold above the green box...
- The next goal will be to cut up through the 2 red boxes above.
- If the Daily can't stay within this Rising Wedge over the next Day or 3...
- ...Long holders will be in for max pain.
- So let's hope for 6hr and 8hr candles to bring some decent pump action
- Although there are good signs on the 6 and 8hr, the Daily still looks a little bearish
on the momentum front...
- The Green Money Flow Indicator on MCB is looking okay though...
- So I would say on the longer term BTC is still at a bit of a big decision point...
Be Safe Out there!!
CryptDude
AUDUSD Potential Weekly BounceI'm looking for the AUD weekly candle to bounce and continue the bull run. The AUDUSD is generally the only FX pair that I follow over the long term because it is the best trending forex pair. I do not make predictions, I simply follow. I do not currently hold a long position in AUSUSD.
USD potential to go higher if clear 90.7 zone...Watch it as it mightrocket soon....
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
GBPUSD | December 20, 2020Hey guys, Amir is backkk with new Idea...
so This is my Idea for Pound to Dollar.
I have been learning Forex for 2 month now.
831 pipsI am almost sure that we will get that move to MY PERSONAL LEVEL OF RESISTANCE and then the trend continuation will appear. It is just a question of time. I am gonna post this here. And later on I will make a photo BEFORE / AFTER lol
Full Strategy - Top-Down Analysis Live Example on EURCHFHello everyone, if you like the materials in this video, do not forget to support with a like and follow.
and feel free to post ideas/suggestions for the next educational videos in the comment section.
See you in the next one.
~ Rich
Apple is NOT tanking, and here is why!NASDAQ:AAPL
I hear nonsense from folks who think the stock needs to reconsolidate in an area where is has for weeks. The market sell off due to the stimulus delay is going to keep bringing volatility. The middle band otherwise known as the 20 day moving average has been a solid bottom for Apple stock the last three days.
EURUSD Key Levels & Chart Analysis - LONG and SHORT bias EURUSD Key Levels & Chart Analysis - LONG and SHORT bias
GOOG now short but still long?Hey everyone,
Google made it's way to ATH but now the party is over, at least for a short time. As you can see there is a SHS formation and the reaction was bad. But the stock will face a few support zones, as the yellow lines and the green box, as well as the Fibo Retracement, shows. The DEMA and SMA also show a short signal since friday. BUT chances are good google turns back long after hitting the green box.
Entry: 1441$
Stop: 1400$
Goal: 1622$
Much fun with that trade!
Leave a follow, my goal is 200 :)
