JD.COM Potential for Bearish Drop | 13th February 2023Looking at the H4 chart, my overall bias for JD.COM is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 55.62, where the overlap resistance is. Stop loss will be at 64.44, where the recent high is. Take profit will be at 33.18, where the previous swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COM
CROUSDT inverse head shoulderCROUSDT could break out of a beautiful IHS after CRO showed some bullish divergence on MACD and RSI at the .886 fib level. and on the left shoulder MACD printed some hidden bullish divergence .
If CRO manages to close a 4h above the neckline of the IHS, it would confirm the breakout and one could open a long. (not finacial advice)
Target of the measured move of the IHS coincides with the .618 and is def a the first profit taking level.
Lets hope BTC can keep rallyin and bring some confidence back to the market.
VIX may not mean-revert down for years, just like 1996-2003My guess is that VIX won't come down meaningfully for a few years, just like it didn't from 1996-2003.
- Retail speculative fever only seen before in the late 1920's and the late 1990's.
- New SPAC's every week.
- A small EV manufacturer worth more than all other automakers combined.
- Far more options traded than ever before.
- Yields remaining near all time lows.
- Valuations at all time highs.
- Fed balance sheet at all time highs.
- Fiscal spending like never before.
We've had situations somewhat like this before - the 1920's, the Nifty Fifty, the dot-com bubble.
But we've never had situations like this with such a weak underlying economy, or with so much economic uncertainty. We're in uncharted waters.
Nevertheless, this is the closest analog I can come up with to the current volatility regime.
GBPUSD DAY Trade Sell Day Trade !!!. We can open sell till a break of the daily trendline & Retest 1.28883 Tp 1 . Moving Sl above entry / Above trendline.
If we have a bounce from TP1 we have to monitor the price action back to retest the trendline a rejection would give us our TP2 1.27677.
Many Thanks.
7825 - the last chance for a buy-in.I guess 56 hours of non-stop analysis payed off
in a form of followed 56 hours of pleasant observation,
of how the forecast predicts
with 95% precision all the price movements)))
Now this is the time for the bulls to get into play.
Probably on Monday, or even in the following 4-5 hours
we will observe a huge price.
A lot of confirmations kicked in,
time to buy, baby.
The last chance)
See al the divergences.
The bears have lost their power for good!
7825 - the last chance for a buy-in
(expecting a small dip(1-2correction),
but may just be rocketing right now, right to the moon!)
Always yours, orb.
CRO/USD descending broadening wedge!I really enjoy looking for charts that most people might miss. The Crypto.com token chart currently doesn't have as much data as I would like to see in general, but it still has peaked my interest. Lets look at this chart from a TA/FA point of view, and remember my last call recently sky rocketed, can I do it again?
Firstly the EMAs will not be a sufficient indicator to look at because this chart is too new, though we do notice all other indicators looking interesting. The RSI is very low, definitely in an area I like to buy at (buy low sell high remember). The MACD is showing that selling pressure is subsiding and traders/investors are putting in buys. We also see that since the low of Sep 3rd this year we have been creating a descending broadening wedge which is generally a bullish pattern suggesting a reversal to the up side. I like this pattern because it's very mature (about 3 months long), in relation to the charts beginning.
From a fundamental point of view we know that crypto.com is going to use the CRO token to power it's new exchange coming out in the beginning of December this year. It will give traders a discount on trading and have trading pairs for the initial listed coins, which will give CRO a lot more utility than it's ever had. In the future CRO will also be used to purchase newly released projects that list their coins/tokens with Crypto.com. We have to take BTC into consideration though, if it crashes/ falls then we will more than likely see a better buying opportunity, but if it stays stable or goes up it will give CRO room to grow.
Just a chart to think about or keep in the back of your mind for the future. Also you can buy other projects tokens on this custodial exchange like Matic and Cardano which are very popular these days.
My first bullish target would be at the top of the wedge around .34-.35 and if it breaks out then my next target would be around .47. If we break down I'll have my stop loss under the wedge to cover me. If you want to use my referral to sign up for crypto.com it is h6xsf7vf8g, best wishes to all.
BTC / USD Forecast - Bottom between 2018/11/25 - 2019/01/13BTC is in its final stages of the 12 months decline. We expect a bottom between the time frame around November 25th and January 13th 2019. Usually the Fibonacci fan is left earlier and prices dont follow until the end of the time target (in this case January 13, 2019). We expect a higher low around January 13, 2019. After January 13, prices have according to fibonacci, social mood and mass psychology the best setup for higher prices.
The target to the upside is already set for 2019.
Please be aware that time targets are more important than price targets in our forecasts.
Nevertheless, we expect the price target around 4.200 at the moment.
Feel free to join our Channels with weekly free forecasts:
Telegram: t.me
Twitter: twitter.com
Our Webpage: cryptwaves.com
Our latest and free Telegram XLM forecast:
cryptwaves.com
Happy surfing!