$XRP Updated LONG TargetsXRP went through a brutal correction over the past two months since late August. A descending parallel channel developed over the past two months on XRP's 1-day chart, keeping the price down around $0.229 support.
Santiment's holder distribution index adds credence to the bullish outlook. The behavior analytics firm recorded a considerable increase in the number of addresses holding 1M to 10M XRP, roughly 14 new whales since the start of this week. So even with the market uncertainty, these investors are pouring their money into XRP.
Since my previous XRP analysis, it's hit every TP i've set. XRP just recently regained 0.24535 support as well as this uptrend, indicating very bullish momentum. The sub-0.20 days are long gone.
I think BTC is going to continue rising and XRP & the other altcoins will follow suit, this is just the beginning of the bull market.
Easyloot
$ETH Updated LONG TargetsSince my last Ethereum analysis, it has hit all of the TP's and the trade is closed after breaking through $400
Now Ethereum is looking like it's got a lot of bullish momentum heading up towards the top of the valley at $470 formed in late-August.
From the $470 level we will re-evaluate, Ethereum has been breaking through these resistance levels like water and keeps going up.
1st TP 🎯 was $415.84 (already hit)
2nd TP 🎯 $444.40
3rd TP 🎯 $470
As always please do your own research, I am not a financial advisor,
TESLA EARNINGS YOLO | Pure EntertainmentHello Tradingview family, today I yolo $1500 on Tesla weekly calls into earnings. I think they will do really well, on top of the number of sales I think their new factories and distribution centers will provide good numbers.
Throughout the last week, I've noticed the silence from Musk on Twitter, at least when it came to the stock. Over the last several earnings, we've seen Elon tweet out stuff like "it needs to come down" prior to the report. Instead today, we see silence.
BULLS LOCKING IN? I AM :)
My Play:
TSLA $455 Call 10/23 @ $676 (I bought 2)
I do this purely to entertain my fellow traders and feed their FOMO demons. Hope you are all having a blessed 2020, let's see if this hits :D
Please do not play this, you will lose money!
DotcomJack | Tesla Yolo
$ETH FACING RESITANCE+Please take note that this is a TA for ETH Perpetuall Futures numbers will be a tad bit different from spot.
+I called this move up in my previous ETH read due to the fact that it was respecting the trend like very well.
+We can see it wicked $384 to a T pulled back.
+ Re-entry should should be $369.14 if we do not hold $378.04 resistance turned support.
+Ether re entry at $369 is golden another key to another leg up is if it can continue to hold this trend line I've drawn from the 24 of September.
+First TP:$384
+Second TP:$387
+Third TP:$392
+Updated Target prices will be given once we break these
+Thanks for reading my Technical Analysis on ETH and remember
TRADE SMART PROFIT MORE
$ChainLink Called The Breakout +As I mentioned in my previous Chainlink post I noted that the levels 10.6 and 11.016 were being used a accumulation zone.
+I called the breakout and since then ChainLink hit ATH of 7.3% in 2 days.
+Chainlink still seems to be in a bullish pattern and this slight pullback is healthy for a move like that.
+The level of 11.016 needs to be respected and it will become and resistance turned support which will create momentum for its next move up.
+1st TP $11.23
+2nd TP $11.491
+3rd TP $11.685
+My self personally I like to have multiple target prices exit and then re enter if I know the coin is going to pullback.
+Thanks again or reading my thoughts and analysis on ChainLink and remember.
TRADE SMART PROFIT MORE
$MKR MakerDAO LONG TARGETSMakerDAO (MKR) is in a bullish swing and this is proved true by the higher highs formed on the chart. MKR is on its way to close out the top of this valley it formed in late August.
On this 4h chart we can see MKR trying to regain access inside this wedge as well as the $580 support level.
If MKR continues going upwards and finds these levels of support, the LONG Targets are as follows
TP1 🎯 $599
TP2 🎯 $628
TP3 🎯 $718 (Close out the Top of the Valley)
MKR Community Greenlight Polls
The MakerDAO governance facilitators have placed a governance poll into the voting system which asks whether the following assets should be prioritized for inclusion in the Maker Protocol by the domain teams.
If greenlight votes exceed defer votes, this poll is to be taken as a signal to domain teams that MKR Token Holders have approved further domain work with the aim of adding assets as collateral to the Maker Protocol
UNI-V2-USDT-ETH (Uniswap USDT-WETH Liquidty Tokens)
aUSDC (Aave USDC)
CRO (Crypto.com Coin)
UNI-V2-WBTC-ETH (Uniswap WBTC-WETH Liquidty Tokens)
UNI (Uniswap)
cUSDC (Compound USDC cToken)
OST-1 (UPRETS Oosten Fund I LP)
yUSD (yyCRV)
KF-DROP (Kickfurther DROP)
OMG (OMG Network)
CRV (Curve DAO Token)
Monthly MIP's Governance Poll
The Governance Facilitators have placed the MIP3: Monthly Governance Poll into the voting system. This poll asks whether the bundled contents of this month's Governance Cycle should proceed to an Executive Vote to be held on October 26th, 2020.
In saying all of this, there are obviously intrinsic factors to holding the Maker Protocol, because you get a certain amount of voting power just like a democracy.
As always please do your own research, I am not a financial advisor.
TSLA Bottom Out? TESLA AT $400 IS UNDERVALUEDTechnical Analysis on Tesla Motors Moving Into Earnings | BULLS LOCKING IN? I believe $Tesla will act as $BTC once it broke 10k.
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Looking at Tesla at this level it almost looks like investors are comfortable with this $400 level and could possibly be ready for the next leg up. True long investors most likely waited out past the battery day hype to purchase any additional shares and could be looking to load up soon.
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Here are the main takeaways from Tesla’s 2020 battery day:
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TABLESS BATTERY CELLS WILL IMPROVE TESLAS’ RANGE
Tesla plans to manufacture its own “tabless” batteries, which will improve its vehicles’ range and power. The new batteries will be produced in-house, which Musk says will reduce costs and bring the sale price of Tesla electric cars closer to gasoline-powered cars. It’s expected to lower Tesla’s cost per kilowatt-hour, a key metric used to measure electric vehicles’ battery packs. The tabless cells (Tesla is removing the tab that connects the cell and what it’s powering), which Tesla is calling the 4680 cells, will make its batteries six times more powerful and increase range by 16 percent.
Tesla currently sources its batteries from Panasonic and is likely to keep doing so for some time, but moving battery production in-house has been on Musk’s to-do list for some time; in 2018 a shortage of those cells added to production delays. Musk has said the pace of battery production at Panasonic had slowed production of both the Model 3 and the Model Y.
MODEL S PLAID WILL COST $139,990 AND BE AVAILABLE IN 2021
Musk has been teasing the Plaid powertrain for a while, which will be a step above its Ludicrous model. It will have a range between charges of 520 miles, get from 0-60 mph in under two seconds, and a top speed of 200 mph. The price is listed on Tesla’s website at $139,990. Musk had noted in the past that a Plaid trim level would “cost more than our current offerings,” which it does. It will be available in the Model S in late 2021.
A NEW CATHODE PLANT IS COMING... EVENTUALLY
Musk said Tesla will build a new cathode plant for its batteries in North America, part of its quest to reduce supply chain costs and simplify cathode production. It’s also making improvements to its process that will make cathodes 76 percent cheaper, and produce zero wastewater. The company also plans to diversify the cathodes it uses, because of low nickel supplies.
We don’t know where the new cathode plant will be built, but Musk said in July when Tesla announced its next factory would be in Austin, Texas that he would “strongly consider” runner-up city Tulsa, Oklahoma for future projects.
NO MORE COBALT IN THE CATHODES
Tesla plans to eliminate the use of cobalt in its cathodes. Musk has said he wanted to eliminate it entirely in the past — even though Tesla’s existing batteries use very little. Cobalt is often mined under conditions that violate human rights, which has led to a push to find other materials to replace it.
Musk didn’t offer a timeline for when the company will stop using cobalt but said it will make its batteries significantly cheaper.
“It’s absolutely critical that we make cars that people can actually afford,” he said. “Affordability is key to how we scale.”
A $25,000 CAR IS A NEW GOAL
Tesla plans to reduce the cost of its battery cells and packs, with an end goal of building a $25,000 electric car. Tesla will hit this goal using its new “tabless” battery cells, and changing the materials inside the cell, which he said should allow Tesla to “halve” the price per kilowatt-hour, Musk said.
This isn’t the first time Musk has predicted that Tesla would dramatically reduce the costs of its electric cars. He first promised a $25,000 EV back in 2018, which he said was possible within three years.
DotcomJack | Long HODL
(outsourced from TheVerge)
$XMR Start of the Bull MarketThis is a swing trade, take notice of how you're looking at almost 2 months of candlestick data. XMR is bouncing in between 2 major monthly support / resistance zones.
September crash in the markets across the board, XMR found it's bottom support at $86 (found on a monthly TF) and since then has been continuously rising until last week when it rejected off of the $130 level. As expected, 1st touch of resistance levels reject 95% of the time, it's very rare for them to just blow through resistance levels.
So by saying that, now XMR looks like it's about to touch the $130 level again and this time it should gain the level as support and head upwards to touch these TP's
1st TP 🎯 $130 (Easy Loot)
2nd TP 🎯 $148
3rd TP 🎯 $165
As always please do your own research, I am not a financial advisor.
ETH $400 Incoming1st touch rejection off of $385 on the 12th of October sent the price back down to the nearest level of support which was found at $369.
That move right there we would've seen a $353 touch possibly even a $334 but the price is holding at $369.
I don't use indicators because the only indicator that can drop the price of Ethereum and the rest of cryptos is the S&P. If the S&P keeps rising, so will cryptos and Ethereum. If the dems do something stupid and crash the market, cryptos will crash too. You saw what happened in March.. hard reality is there are no safe-haven assets, everything is directly correlated with the US stock Index.
This $369 resistance level turned into support, and now the next target is $385 again until we see a decent close that and then ETH is on its way back up to $401 resistance again.
Perfect entry signaled at $369 support level.
As always please do your own research, I am not a financial advisor.
$XRP Start of Next Bull MarketXRP is leading the crypto market this week in terms of upside gains at the moment and it looks like XRP is on it's way to close out the top of this valley drawn out at 0.25872
It bottomed out and moved sideways just underneath the 0.24535 support level and now hit TP at 0.24820 and found itself above the uptrend too.
Ripple has also published its third annual report on "Blockchain in Payments" with positive results for the blockchain industry, the XRP coin, and cryptocurrencies. Business interest in digital assets, when paired with blockchain technology for payments, has grown sharply as early adopters look to increase the speed in payment settlements.
In terms of adoption the report found that 34% of participants are in the production of some solution with blockchain technology. Therefore this sector has made a leap between "early adopters to early majority". 24% of the participants expect to complete production and move on to a pilot test and a proof-of-concept within the next two years. Adoption is coming and will explode in the next few months going into the end of the year.
1st TP 🎯 0.24961
2nd TP 🎯 0.25319
3rd TP 🎯 0.25872
$BTC 12k IncomingBTC is now approaching the monthly candle resistance level again, touching $11479.
In these next few 4H candles, I expect BTC to find a successful closure above $11479 and going on its way to hit $11967 ($12000)
We've seen BTC in early October break above the channel it was trending in all of September and now found the topside of the channel as a support level going for a nice long.
I think if we were going to see a harder pullback we would've seen it by now and that pullback would hit a little under $11k, bottom side of this upwards channel.
The Make Or Break For SUSHI:USDT +Right off the bat we can see Sushi in a falling downtrend.
+Sushi is coming to a make or break situation
due to the fact that its meeting a very important support.
+As you can see Sushi is facing the resistance level of $.6755
+Over the past few days Sushi seems to be showing some textbook accumulation.(White Box)
+You can see for the last 2 days Sushi has been bouncing between $.6443-$.6755
+Persoanlly i see this a trading against the trend and it is a little to early to decide whether or not I should grab a long or short.I would love to grab a long portion but id rather wait a bit.
+Regardless of my position my TA shows that Sushi will be making a very big move soon.
Thanks for reading my thoughts on SUSHI:USDT and always remember. TRADE SMART PROFIT MORE
$XRP Q4 Technical Analysis | WATCH THESE LEVELSSTRONG Technical Analysis on XRP/USDT $xrp
Strong Levels To Watch:
Support Level:
$.236, $.263, $.282, $.327, $.349, $.38, $.479
Resistance Level:
$.261, $.28,$.304, $.326, $.348, $3799
Recent XRP News:
Ripple donates $10M to Mercy Corps during annual Swell conference - During the annual Swell conference, Ripple announced a contribution of $10 million to Mercy Corps to help it use digital assets in its work on developing financial inclusion in emerging markets.
Mercy Corps is a non-governmental, humanitarian aid organization that aims to create economic opportunities in countries where the financial system isn’t operating properly. The organization claims to have assisted over 220 million people survive various humanitarian conflicts.
Pro Super Smash Bros player to receive a salary in XRP - More gamers around the world are moving into crypto.
Kengo “Ken” Suzuki, a professional player of crossover action fighting game Super Smash Bros. Ultimate, or SSBU, has signed a contract with SBI e-Sports, the gaming arm of Japanese financial giant SBI Holdings. Ken is also considered to be the world’s best Sonic player.
Trust The Chart | DotcomJack
ETH MOVE UP 10/16/20+Here are a few reasons why I'm personally bullish on Ether.
+Ether Is respecting both trend lines drawn on the graph (Light Yellow).
+White Box seems to be a accumulation zone as well as a support zone for the coin and its meeting the end to its accumulation zone it seems like.
+I also like to take in consideration when trading major pairs the price of Bitcoin due to the fact that there seems to be a correlation to bitcoins price and other coins.
+It may take a few days for Ether to break this trend but I do seem it as a high possibility.
First TP 386.69
Second TP 392.43
Will Update TP's one we break these and once again Trade Smart Profit More
ChainLink Pre-Pump 10/16/20+Its been a weird few days with the recent pump from last week it seems like many coins went into accumulation Chainlink being one for them.
+The white box drawn seems to be a accumulation zone
+Accumulation text book definition states longer the accumulation bigger the move up.
+Links been in this box for a few days now and looks like it could rip today or tomorrow.
+Another reason I'm personally bullish on link is due to the fact last night Chainlink broke out of a downtrend trend line it jumped 22% on the day spot. I signaled 1100% on the day with futures.
+First TP 11.283
Second TP 11.688
Third TP 12.136
STAR Technical Idea Technical analysis on $STAR, trust my levels
Eli | the king of trading view
Move over @bullishcharts
PLTR BOTTOM OUT? Buy & Hold LONGPalantir Stock Looks Attractive At $9, But There Are Two Key Concerns
Palantir’s Increasing Exposure To Government
While Palantir’s Revenues expanded by about 24% in 2019, growth is likely to pick-up to levels of over 40% in 2020 as Covid-19 related disruptions increased demand for the company’s services. Much of this growth will likely come from the Government space. Over H1 2020, Government Revenue expanded about 76% year-over-year, while its Commercial Revenue grew by just 26%. The higher government exposure – particularly in areas related to surveillance and national security – comes with transparency and perception issues – which could put off software investors. That said, Palantir still has a lot of scope to grow in the Commercial space, with its total addressable market standing at about $56 billion. Investors could re-think Palantir’s valuation if they see more proof points indicating progress in the commercial sector, via high profile deals or stronger Revenue growth.
Palantir Can’t Scale As Seamlessly As SaaS Stocks
Investors aren’t treating Palantir like a Software as a Service (SaaS) stock. SaaS companies incur upfront costs to develop and maintain their products, but they can scale-up seamlessly to a large number of users and have low customer acquisition costs. Palantir’s software, on the other hand, requires a lot of customization by Palantir engineers to adapt to the unique needs of customers. Its user base is also concentrated (125 users as of 2019, with 20 of them accounting for two-thirds of Revenue). This adds significantly to the company’s costs. For instance, Sales and Marketing Expenses stood at 61% of total Revenue in 2019, with General & Administrative costs standing at over 43% of Revenue. This significantly impacts the company’s bottom line, with Net Margins standing at -78% in 2019. In comparison, Datadog, a SaaS player that provides solutions to monitor cloud applications, had Net Margins of -5% during its most recent fiscal year. However, with Revenues likely to pick up this year, Palantir’s Net Margins should also rise. Over H1 2020, Net Margins stood at -34%.
(this info was outsourced)
DotcomJack | Going Long On PLTR
BATTERY DAY IS HERE | Watch These Levels $tslaAttention is on Tesla as we engage with "Battery Day", are the bulls here to stay? live @ 4:30 pm EST
~ Are you bullish or bearish?
The stock currently sits above what has proven to be strong support @ $410
Watching the orange trend line(s) as support , it holds strong on the weekly timeframe . Looking to bounce off this.
Possible long on hold above @ $420
Upside targets: $453, $542, parabolic?
Possible Short Entry: $405
Caution needed in this stock as we have extreme uncertainty, you will get clapped if you're on the wrong side of this.
Small Play (educational):
TSLA $535 Call 9/25 @ $340
DotcomJack | Bruce Lee of Tradingview
Berkshire Hathaway's "Big" Correction | Today's Option PlayAttention has been on $BRKB after they gapped down 1.5% and continued to a low of -4.5%. After finding support on a monthly level @ $209, we decided to grab a small yet powerful position in weekly calls...
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The stock currently sitsat $213 which almost looks like a 50% retracement from todays move.
Heavy weekly support @ $208-$209.
Watching the orange trend line as support as well, it holds strong on the weekly timeframe.
Possible long on a break & close above $215.6
Upside targets: $222
Possible Short Entry: $208
Caution needed moving forward.
Options Play Signaled:
BRKB $217.5 9/25 Call @ $24 (up 120%) (these closed @ $215 yesterday)
We grabbed these right before the bounce @ 70% off from yesterday's prices. This shows how powerful buying against implied volatility can be while trading options.
DotcomJack | Picasso of Stonks
BOEING PREPARING TO DUMP? OCT TABOEING is down over 50% from it's highs back at the start of the year. Will BA have enough strength to hold through or will it lead the market down another hole...
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The stock currently sits above what has proven to be strong support @ $153 but before we play this one we need confirmation.
Watching the orange trend line as support/resistance, it holds strong on the weekly timeframe.
Possible long on a break and hold of resistance @ $190.
Upside targets: $234
Possible Short Entry pn break and hold below $153
Caution needed with this stock as it continues its push up. Seems like it's due for a correction in a few months.
DotcomJack | Michael Jordan of Stonks
REDFIN Bottomed out | Full Send Into Earnings $RDFN$RDFN shines as mainstream housing outlet; Redfin has outperformed the AMEX:SPY . Trust the TA
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The stock currently sits above what has proven to be strong support @ $43.9
Watching the orange trend line as support as well, it holds strong on the weekly timeframe. Looking to bounce off this.
Possible long on hold above @ $43.9
Upside targets: $48, $50, $52.69
Possible Short Entry: $42.3
Caution needed in this stock as we have a possible Double Top pattern forming. Follow levels accordingly
DotcomJack | MJ of Stonks
Massive Bullrun Into Earnings | Moving In Divergence $SPOTIt's time to unload on longterm shares. No one is paying attention to Spotify SPOT . Media outlets and even us traders have both been rather silent on Spotify and it's movement.
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This stock currently sits above what has proven to be a temp support @ $230 . We have a monthly support @ $227
Watching the orange downtrend as previous resistance, we just saw a confirmation of this breakout today.
Possible long on a break of downtrend with next resistance @ $242.
Upside targets: $242, $265, $284.
Possible Short Entry: $220
DotcomJack | Thanks for the support!
Bless up traders