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Drop!

Possible large LINK drop in next two days. Great opportunity!I love Link, but have some indications of a decent size drop in the next 2 days. Could be a great opportunity for a buy if it pans out. I would be very careful shorting with low leverage on a coin like Link in a bull market but that could be a play as well. 1) There is a bearish divergence on the 4 hr that is significant with many indicators showing the same. 2) The last 2 bearish divergences on the 4hr resulted in 32%-47% dips. All to around the 200MA 3) The last 2 bearish divergences went from the high to the bottom of the drop in 1 day and 16 hours for both of them. Possibly coincidence or possibly a pattern that will repeat again. 4) If this works out-- it means we are about to drop for the next almost two days down to the 200MA area. 5) I put the buy zone box a little above this area as there is a good support/resistance area from the weekly chart just above that. 6) So buys could be placed above that weekly S/R, with a few laddered below to the bottom of the zone and the next weekly S/R. The only reason I would want link to drop is to get more for less. But any of you on high leverage may want to reduce or pause that for a bit just in case. I wouldn't short it, but keep some funds ready for this opportunity if this is one of the bags you want to acquire or add to.
Short
by jigga5000
2
BITCOIN Trading Education (MUST SEE)In our first trade, you can clearly see a break to the downside from the triangle formation. Once we had a confirmation candle this was telling us that Bitcoin could drop. The second factor was the extremely overbought RSI and a break below + confirmation closing below the 1hr 50MA. This gave us a fantastic risk to reward trade with a tight stop loss. In the second trade, you can see on the RSI that we have a bullish divergence which played out perfectly on the descending channel support which broke the resistance to the upside. Again with a great risk/reward with a tight stop loss. Taking profit on our overhead resistance perfectly. Here are two examples of trades with the corresponding break down on why they happened and how to trade them. Massive returns can be made trading Crypto with leverage but you must have proper setups.
COINBASE:BTCUSD
by GlobalHealthWealth
Could we see a drop soon?As we saw $695 on the TSLA chart a few days ago, a S&P 500 inclusion has helped develop a new uptrend channel for TSLA. While we have seen this channel hold so far, we have a couple catalysts on the horizon specifically Q4 delivery numbers and stimulus boost. For this channel to hold TSLA must remain above $630. A drop below and we could see as low as $540. Considering the current price action to be weak, TSLA also has a history of consolidation and breakout patterns over the last couple months. That being said TSLA just broke out to new highs last week and could see a drop before more consolidation. Keep an eye out for the near term support and look out for more news. TSLA is a stock that has defied technical analysis before and could do it again. But if looked at closely, both sides can be played very well. Trade responsibly!
NASDAQ:TSLA
by UnknownUnicorn10016235
XAUUSD DropGold is still moving in a downtrend channel overall, new lower highs are being created, but what's interesting is this last touch. On the 4H chart we can see clearly that a H&S pattern has formed and if we scale down to the smaller time frame we can see that more lower highs are being made in the right shoulder, the moment price breaks structure, pullbacks and creates a nice entry signal we can enter. The drop could see some pressure on the untested demand zone and if it breaks it we can see a lot of liquidity there and a possible drop to for a new lower low.
OANDA:XAUUSDShort
by AvramovFX
Let's short the AUDNZD - Naked intraday trade idea---> THIS IS A NAKED TRADING - NO INDICATORS <--- High probability Sell trade idea, for the downtrending general movement. The stop loss cover the previous low and the take profit is at 1:2.5, which is an easy target but you can easily extend if it breaks the support. PROFIT MANAGEMENT/TRADING PLAN: At 1:1 - Take 50% Parochial Profits & move to Break Even At 1:2 - Take 25% Parochial & move Stop Loss to 1:1 At 1:2.5 - Take 25% Parochial OR extend your profit target & move the Stop Loss to 1:2 HAVE A NICE WEEK & HAPPY PROFITS
Short
by MONEYMAKER00
1
It's time to short the EURUSDHere as you can see the market hit the top ( supply zone ) for the third time & it got rejected by the sellers pressure. It's the best time to SELL the EURUSD, so DON'T MISS THE OPPORTUNITY ! ! CONFIRMATIONS: 1. --> STRONG REJECTION ( Sellers react when the price goes to the top). 2. --> DXY CORELLATION ( DXY-USD currency index it shows signs for a bullish move, that means the opposite for the EURUSD ) 3. --> CORRECTIVE MOVE ( As you can see the market hit the top with a corrective move, which means no big bullish volume . 4. --> PRICE ACTION ( Multiple indecision candlesticks at lower timeframes). ---> Watch if the market goes closer to the top for a better entry but with this stop loss it covers the top plus 5 pips. WHERE SHOULD I PUT MY STOP LOSS? You need to put your stop loss 5 pips above the supply area/top. WHERE DO I TAKE MY PROFITS? You need to have a trading plan the moment you enter the trade. In my opinion at 1:1 move on Break Even and at 1:2 take 50% parochial profits & at 1:3 the rest 50% OR extend your target ( IF price actions is in your favor)
Short
by MONEYMAKER00
2