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Chartpatternstrading

Still Holding the CAD/CHF PairRight now, lots of events are coming up in relation to the this pair that I think will be positive. Also, given the risk level vs. potential reward, I think this have been oversold and it is about to have a breakout point from past resistance. I believe as an entry point, it is still quite decent and positive retracement potential is there. That being said, please proceed with caution. Everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk.
Long
by gamer456148
Litecoin vs. Dash: $LTC has higher Growth PotentialRight now when looking at Litecoin and Dash, I feel that Litecoin has higher growth potential for the next upcoming wedge. Looking at the two charts, the current bearish trendline for Litecoin was much higher than Dash, and now I'm expecting a higher positive retracement than Dash which is at a bullishness peak for this trendline. As always, proceed with caution. Everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk.
BITSTAMP:LTCUSDLong
by gamer456148
Something Seems Off w/ ChainLinkCurrently, looking at ChainLink's price correlations between March and now, something seems off. I am seeing huge peaks and than declines that seem nontraditional for altcoins. Comparing it to the Gray Scale Bitcoin Trust stock and Sicacoin, you see a pattern that is much of an outlier. The history of ChainLink doesn't seem to be than lengthy and the technology seems mostly mediocre at best. I was somewhat of a fan of them for some of the technological aspects I was hoping they would offer, but so far I see nothing impressive with the codebase. I feel like they are also way too centralized technologically, and I don't see much marketcap growth potential. The most impressive form of tech that ChainLink seems to currently have is a pricing data API for smart contract integrations, however, simple javascript and access to even something like TradingView's API seems like it can do the trick. Right now given the current charting patterns and technological aspects of ChainLink, I don't see enough to be impressed about it from both a technical and trading point of view. It seems like many of the current traders are overly speculating high growth at a really short time period. The price support also doesn't seem stable when looking at the overall charting history. I would say I'm currently at a short position on this. That being said, do your own due diligence. Everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk.
BITTREX:LINKUSDShort
by gamer456148
3
SPPI: Possible Reversal from Bearish Correlations?Right now if you look at the tumbling pattern for SPPI, from the outside it looks terrible. It looks absolutely awful. However, for an entry price after this horrid plunge, it is quite considerable. SPPI looks like it has been oversold, and that the breakout potential looks to be there now. Right now, I think the entry is decent with mid to high risk given volatility. The charting patterns and volume + after market hours would make many day traders intrigued. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
SLong
by gamer456148
Decline Continuing: < $25 TargetRight now, I think Nikola's sentiment is still negative correlations and the 2023 plant isn't big enough news to dramatically effect its financials. I'm still keeping a close watch on it for potential retracement curves, but think support levels and brand equity still have ways to go. I expect with the current decline and previous correlation waves, this should dip to at least $25 if not lower quite soon. Currently, I'm in the short position. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
NASDAQ:NKLAShort
by gamer456148
Going in again for the Risk: USDMXN and USDTRY EntryRight now, two forex pairs that I think will have yet another real quick positive retracement curve are USDMXN and USDTRY. I am keeping a close watch on an entry for these two. I also see some positive sentiment indicating more support levels. As always, please proceed with caution. Do your own due diligence. Everything I say is solely on an opinion based basis not meant to warrant as unsolicited or actionable financial advice.
Long
by gamer456148
On My Options List: GDEN and MARKRight now two stocks on my options trading list is GDEN and MARK. GDEN is a stock that I expect to gain some more support levels, and MARK is having reversals of lots of the bearishness done towards the stock. Right now, I'm confident enough given I see people doing some bids on them and I feel like it may be a decent entry point. That being said, please do your own due diligence. Everything I say is on an opinion based basis not meant to be taken as actionable advice. Proceed with caution, and do your research.
NASDAQ:GDENLong
by gamer456148
USOIL/OIL Long IdeaOIL is currently on a daily supportive trendline, presenting an opportunity to open long positions. However, it would be safest for bulls to wait for a break and retest of the key zone marked on the chart. A stop loss can be placed a few pips below the supportive trendline, with a first target at the previous high. Traders should use proper risk management and only open positions if the trade is valid in accordance with their strategy. Be sure to follow me for more ideas and analyses. Leave a like and a comment with your thoughts below, all input is appreciated. Best of luck traders!
TVC:USOILLong
by sharaafatm
3 Stocks in my Options Trading WatchlistFirst off, please don't take anything I say seriously or as financial advice. As always, everything I say is on an opinion based basis. Please do your own due diligence and proceed with caution. Currently, I wanted to share three stocks I'm bullish on for scheduled options trades. (Keep in mind Options Trading isn't the same as Binary Options trading). That being said, the sentiment for NIO is positive retracement, I believe Macy's should gain some support levels, and I'm bullish on the overall future of JMIA. I think JMIA especially has alot of potential not just pattern-wise, but as an overall company.
NYSE:NIOLong
by gamer456148
2
Look at the Fractals and RSI: CAPR will Dip to $5.50 RangeRight now, I think CAPR still has ways to go prior to the swing pre-entry. It is close to meeting the expected charting target for a short than rebuy. I reiterate the point I have said in the past few days. The fractals and RSI being bearish for the current trend point also makes it seem obvious. As always, please do your own due diligence. Everything I say is on an opinion based basis. Please proceed at your own risk.
NASDAQ:CAPRShort
by gamer456148
1
AUDNZD: Bullish ~ Ready for the Next SwingRight now, I am looking for a swing in which I have an entry that I will close within 5 days (as with many of my Forex trades), and I think I have found one with the AUDNZD pattern and current sentiment. I am doing an entry for this, and I see the bullish SMA showing some support w/ still some ways to go. That being said, everything I say is on an opinion based basis. Please invest at your own risk, do your own due diligence and proceed w/ caution.
Long
by gamer456148